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Week of May 13, 2019
Markets saw considerable volatility over the last week.
All thanks to the escalation of trade war fears.
While China appealed to the U.S. to meet it halfway to save a potential trade deal, they’ve also threatened to retaliate if the tariffs go into effect. “The escalation of trade friction is not in the interests of the people of the two countries and the people of the world,” the Chinese Commerce Ministry said, as quoted by CNN.
However, despite those concerns, the Trump Administration made good on its threat to raise tariffs of $200 billion worth of Chinese goods from 10% to 25%.
Even as tensions rise, here are some of the top stock to watch:
Opportunity No. 1
VelocityShares Daily 2x VIX Short-Term ETN (TVIX)
TVIX tracks an index of futures contracts on the S&P 500 VIX Short-Term Futures Index. With market volatility ticking higher, and markets turning lower at resistance on trade war fears, one of the best ways to hedge for downside is with a stock that tracks the volatility index.
Opportunity No. 2
Mylan NV (MYL)
The time to buy is “when blood is running in the streets — even if that blood is your own,” according to Baron Rothschild. I’ll admit it’s a hard idea to follow. Your instinct is to follow the herd. It’s counterintuitive to run into a burning house not knowing if you’ll come out alive. Investors run scared. And they don’t know it but they’re selling everything at the wrong time. But as Warren Buffett will also tell you: “Be fearful when others are greedy and greedy when others are fearful.” Mylan hit a rough patch on earnings. However, the company still expects for new drug launches to bring in more than $1 billion this year.
Opportunity No. 3
Match Group Inc. (MTCH)
Total quarterly earnings just jumped 14% year over year to $465 million. Net earnings were up 23% to $123 million, or 42 cents a share from $99.7 million, or 33 cents a year earlier. With earnings and the stock trending higher, the stock is a solid investment, especially with rising interest in dating sites, such as Tinder, Match, PlentyOfFish, Meetic, OkCupid, and OurTime.