China’s biggest Internet stocks are on fire in 2017. And a quick look at the numbers shows why.
A report released this week showed that China’s Internet user base grew to 751.16 million in June, up 6% from a year earlier. That’s still just 54.3% of the world’s most populous country, compared to 74.6% in the United States, which means there’s still plenty of untapped upside.
One beneficiary of that growth is Tencent Holdings Ltd. (OTCMKTS: TCTZF). The stock is up nearly 70% in 2017 and has a market cap closing in on $400 billion. Its mobile game “Honor of Kings” has more than 50 million daily active users, and in the first quarter of 2017 was the most downloaded app in the world on Apple Inc.’s (Nasdaq: AAPL) iOS App Store.
Not to be outdone, Alibaba Group Holding Ltd. (NYSE: BABA) is up more than 80% in 2017, and last month became the first Asian company to pass the $400 billion valuation mark. Frequently called the “Amazon of China,” the e-commerce giant’s Tmall platform held a 56.6% share of China’s online retail market in 2016, more than double its top competitor.
Best China Stocks To Invest In 2018: Berkshire Hathaway Inc. (BRK-A)
Advisors’ Opinion:
- [By Evan Niu, CFA]
Just a couple weeks ago, 13F filings started flowing in, and Berkshire Hathaway’s (NYSE:BRK-A) (NYSE:BRK-B) ownership disclosures showed that Warren Buffett nearly quadrupled his Apple (NASDAQ:AAPL) position in the fourth quarter. The Oracle of Omaha closed out 2016 with approximately 57.4 million shares, up from the 15.2 million shares that Berkshire Hathaway was holding at the end of the third quarter.
- [By Demitrios Kalogeropoulos]
The next few trading days include highly anticipated earnings reports from some of the biggest names in their respective industries, including Berkshire Hathaway (NYSE:BRK-A) (NYSE:BRK-B), Costco (NASDAQ:COST), and Priceline (NASDAQ:PCLN).
- [By Paul Ausick]
Among other stories related to the company last week, Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A) reported that it now owns about 57.4 million shares of Apple stock, up from 15.23 million at the end of the third quarter of 2016.
Best China Stocks To Invest In 2018: ADMA Biologics Inc(ADMA)
Advisors’ Opinion:
- [By Monica Gerson]
The list of below stocks is notable as the shares have traded on sequentially increasing volume spanning the trading days from September 16 to September 20:
Best China Stocks To Invest In 2018: James River Group Holdings, Ltd.(JRVR)
Advisors’ Opinion:
- [By WWW.GURUFOCUS.COM]
For the details of PhiloSmith Capital Corp’s stock buys and sells, go to www.gurufocus.com/StockBuy.php?GuruName=PhiloSmith+Capital+Corp
These are the top 5 holdings of PhiloSmith Capital CorpPrimerica Inc (PRI) – 122,700 shares, 7.85% of the total portfolio. Chubb Ltd (CB) – 61,750 shares, 7.59% of the total portfolio. Reinsurance Group of America Inc (RGA) – 65,550 shares, 7.11% of the total portfolio. Brown & Brown Inc (BRO) – 193,225 shares, 7.03% of the total portfolio. Arthur J. Gallagher & Co (AJG) – 143,725 shares, 6.95% of the to
