Prediction: This Stock Will Be the Biggest Winner of the U.S.-China Trade Deal
The U.S. and China just delivered exciting news to investors. The two countries halted escalating trade tensions and brought import tariffs down from astronomical levels to manageable ones. Since import tariffs are paid by the importer, an excessively high rate could hurt the consumers and companies that buy products from abroad. That concern weighed on investors' minds -- and on the stock market in recent weeks.But after the U.S. and China reached an initial agreement, one in place for 90 days as the countries negotiate a final deal, the three major benchmarks rallied. The index to post the biggest gain was the Nasdaq Composite as investors applauded the better environment ahead for technology companies -- players that import heavily and generally excel during strong economic times.The news is positive for this entire industry, but I predict one stock in particular will be the biggest winner of the deal. Let's check out this tech powerhouse that also happens to be a bargain buy right now.Continue reading
The U.S. and China just delivered exciting news to investors. The two countries halted escalating trade tensions and brought import tariffs down from astronomical levels to manageable ones. Since import tariffs are paid by the importer, an excessively high rate could hurt the consumers and companies that buy products from abroad. That concern weighed on investors' minds -- and on the stock market in recent weeks.
But after the U.S. and China reached an initial agreement, one in place for 90 days as the countries negotiate a final deal, the three major benchmarks rallied. The index to post the biggest gain was the Nasdaq Composite as investors applauded the better environment ahead for technology companies -- players that import heavily and generally excel during strong economic times.
The news is positive for this entire industry, but I predict one stock in particular will be the biggest winner of the deal. Let's check out this tech powerhouse that also happens to be a bargain buy right now.
