20 Stocks Loving the China Tariff Delays
Dollar General Corp. (NYSE: DG) has performed better than rival Dollar Tree of late. It’s also the top dollar store chain and was facing obvious tariffs on its goods being supplied by China and related countries. Dollar General opened up 1.8% at $113.01, but it was down marginally from its 52-week high of $118.45.
First Solar Inc. (NASDAQ: FSLR) opened up over 3% at $45.90. The stock has a 52-week range of $36.51 to $81.72 and a consensus price target of $65.28. Being the top U.S. solar panel producer might come with benefits if its wares can flow more easily back and forth around the globe (including China).
Five Below Inc. (NASDAQ: FIVE) shares were seen up nearly 5% at $109.78, with a consensus price target of $129.94. The stock has a 52-week range of $60.00 to $136.13. This is similar to the dollar store theme, and now it has just that much longer to find non-China sourcing for its low-priced retail goods.
General Motors Co. (NYSE: GM) shares started out the week up 3% at $39.15, within a 52-week range of $30.56 to $45.52. The stock has a consensus price target of $45.20. After a recent factory closure notice in America, GM was criticized by President Trump and it would like to use a lower tariff climate to sell more cars in China.
Intel Corp. (NASDAQ: INTC) shares opened up just over 1% at $50.00. The stock has a 52-week range of $42.04 to $57.60 and a consensus price target of $54.91. Over 20% of Intel’s sales have been tied to China.
Micron Technology Inc. (NASDAQ: MU) shares opened Monday up 4% at $40.20, within a 52-week range of $33.82 to $64.66. The stock has a consensus price target of $63.10. Being the top DRAM and flash memory supplier should be rather obvious why it cares with so many end products for its chips being assembled in China.
Nike Inc. (NYSE: NKE) is an obvious winner to sell more apparel and sporting goods items into the world’s largest market — and potentially avoiding more tariffs on what it has manufactured abroad that comes back into the United States. Nike shares were last seen up over 3% at $77.89. Shares traded in a 52-week range of $59.65 to $86.04. The consensus price target is $87.45.
Nvidia Corp. (NASDAQ: NVDA) shares opened up over 5% at $172.60. The stock has a consensus price target of $230.24 and a 52-week range of $133.31 to $292.76. Having the top chips for artificial intelligence, machine learning, autonomous cars, crypto and graphics should be rather obvious. Plus, its shares have been gutted after earnings.
NXP Semiconductors N.V. (NASDAQ: NXPI) was a company that China said it would reconsider the Qualcomm acquisition that it blocked. Just don’t expect Qualcomm to come back as it already has said it moved on. NXP shares were recently trading up 3% at $86.01, with a consensus price target of $102.22. The stock has a 52-week range of $69.72 to $87.40.
Tesla Inc. (NASDAQ: TSLA) shares were last seen up about 3% at $360.70, with a 52-week range of $244.59 to $387.46. The stock has a consensus price target of $327.67. Has anyone seen how low Tesla’s sales were in China? Tesla is an ultimate luxury symbol for a market that is producing many more electric car models than the United States.
Tiffany & Co. (NYSE: TIF) was trading up over 4% at $95.20. The stock has a 52-week range of $89.03 to $141.64 and a consensus price target of $127.21. Tiffany recently showed with earnings how Chinese and Hong Kong retail buying has been weak in the most recent quarter. Maybe an easing of tensions can help it out.
While an exchange traded fund is not a company, the iShares China Large-Cap ETF (NYSEARCA: FXI) is the top ETF for China by market volume. It opened Monday up over 2% at $43.03, with a 52-week trading range of $37.85 to $54.00.
It seemed a bit disappointing and even surprising that companies like Yum! China, Starbucks and McDonald’s were big laggards here on the news. But that’s what makes a ballgame.