After the unprecedented summit between President Donald Trump and Kim Jong Un, the array of international sanctions on North Korea is back in focus.
The United States pushed through a series of UN resolutions last year that significantly escalated the pressure on North Korea’s economy in response to Pyongyang’s repeated tests to advance its nuclear weapons program.
China, which accounts for the vast majority of North Korea’s foreign trade, said it was enforcing the sanctions, despite skepticism from some analysts.
After the summit Tuesday, China hinted that sanctions relief could follow the Trump-Kim summit in Singapore.
“The relevant UN resolutions say based on how North Korea has followed and implemented the resolutions, sanctions can be adjusted accordingly, including suspending or lifting relevant measures,” Chinese Foreign Ministry spokesman Geng Shuang said.
Trump said at a news conference in Singapore that sanctions would only be removed “when we are sure the nukes are no longer a factor.” He acknowledged that could take a long time.
Hot China Stocks To Watch Right Now: Clean Diesel Technologies Inc.(CDTI)
Advisors’ Opinion:
- [By Stephan Byrd]
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
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Trading Center: Watching the Levels for Molecular Templates, Inc. (:MTEM): Move of 0.02 Since the Open (stocknewscaller.com) Molecular Templates (MTEM) Announces Clinical Data at 2018 ASCO Meeting (streetinsider.com) Gallbladder Cancer Treatment Sales Market Size by Players, Regions, Type, Application and Forecast to 2025 (exclusivereportage.com) ATR in spotlight EnSync, Inc. (NYSE:ESNC), CDTi Advanced Materials, Inc. (NASDAQ:CDTI), Molecular Templates, Inc … (stocksnewspoint.com)
MTEM has been the subject of several research analyst reports. ValuEngine lowered shares of Molecular Templates from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Zacks Investment Research raised shares of Molecular Templates from a “sell” rating to a “hold” rating in a research report on Thursday, June 7th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $5.20.
Hot China Stocks To Watch Right Now: Baidu Inc.(BIDU)
Advisors’ Opinion:
- [By ]
Alibaba began quietly testing autonomous driving technologies last year, led by Wang Gang, the chief scientist of Alibaba’s A.I. Labs. Despite its late start, Alibaba appears to be moving quickly. Although it will be playing catch up to Baidu (BIDU) and Tencent (TCEHY) , which already have approval from Chinese regulators for open-road testing.
- [By John Rosevear]
Ford Motor Company (NYSE:F) is looking to a new partner to help it win more Chinese customers: search giant Baidu (NASDAQ:BIDU).
The two companies just announced a new deal to work together. Here’s what we know.
- [By Leo Sun]
Shares of Baidu (NASDAQ:BIDU) recently rallied after the Chinese tech giant posted an impressive first quarter. Its revenue rose31% annually to 20.9 billion RMB ($3.33 billion), topping estimates by $140 million and marking the company’s strongest growth since the fourth quarter of 2015.
- [By Alexander Bird]
Baidu Inc. (Nasdaq: BIDU), the company that manages China’s dominant search engine, has seen its stock price increase 2,000% since 2006. Investment conglomerate Tencent Holdings Ltd. is up a modest 118,550% since its debut on the Hong Kong Exchange in 2004.
- [By Keith Noonan]
When iQiyi (NASDAQ:IQ) had its market debut in March after being spun off from Chinese search-engine giant Baidu(NASDAQ:BIDU), the stock stumbled out of the gate. It lost roughly 14% of its value on the first day of trading and briefly derailed some of the excitement surrounding the new streaming and multimedia offshoot. That didn’t last too long, however.
Hot China Stocks To Watch Right Now: Renesola Ltd.(SOL)
Advisors’ Opinion:
- [By Joseph Griffin]
These are some of the media headlines that may have impacted Accern’s scoring:
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ReneSola Sells North Carolina Solar Project To Greenbacker (solarindustrymag.com) ReneSola (SOL) Rating Increased to Neutral at Roth Capital (americanbankingnews.com) ReneSola (SOL) Q1 Earnings in Line, Revenues Top Estimates (zacks.com) ReneSola’s (SOL) CEO Xianshou Li on Q1 2018 Results – Earnings Call Transcript (seekingalpha.com) ReneSola (SOL) Releases Earnings Results (americanbankingnews.com)
Shares of ReneSola traded up $0.08, hitting $2.76, during trading on Friday, Marketbeat.com reports. The stock had a trading volume of 124,969 shares, compared to its average volume of 108,565. The firm has a market capitalization of $102.11 million, a PE ratio of 21.23 and a beta of 2.05. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.36. ReneSola has a 12 month low of $2.12 and a 12 month high of $3.79.
Hot China Stocks To Watch Right Now: Focus Media Holding Limited(FMCN)
Advisors’ Opinion:
- [By Stephan Byrd]
An issue of Focus Media Holding Limited (NASDAQ:FMCN) debt fell 1.1% against its face value during trading on Tuesday. The debt issue has a 7.5% coupon and is set to mature on April 1, 2025. The debt is now trading at $97.63 and was trading at $98.50 last week. Price changes in a company’s debt in credit markets sometimes anticipate parallel changes in its stock price.
Hot China Stocks To Watch Right Now: Netease.com Inc.(NTES)
Advisors’ Opinion:
- [By Leo Sun]
That expansion can be hard to keep track of, but investors should recognize the five companies which Tencent could hurt: NetEase (NASDAQ:NTES), Weibo (NASDAQ:WB), Baidu (NASDAQ:BIDU), iQiyi (NASDAQ:IQ), and Alibaba (NYSE:BABA).
- [By Anders Bylund]
Chinese online media giant NetEase Inc. (NASDAQ:NTES) is hardly the talk of the town.Sporting a $30 billion market cap, NetEase works in a consumer-facing industry, and share prices have bounced between $222 and $378 over the last year. And these are the hallmarks of the market’s most-discussed tickers.
- [By Lisa Levin]
NetEase, Inc. (NASDAQ: NTES) is expected to post quarterly earnings at $2.19 per share on revenue of $2.18 billion.
China Distance Education Holdings Limited (NYSE: DL) is estimated to post earnings for its second quarter.
- [By Lisa Levin]
Check out these big penny stock gainers and losers
Losers
Jounce Therapeutics, Inc. (NASDAQ: JNCE) fell 32.5 percent to $11.92 in pre-market trading. Jounce Therapeutics reported that data from ongoing ICONIC trial of JTX-2011 will be presented at the ASCO.
Acxiom Corporation (NASDAQ: ACXM) fell 10.7 percent to $24.60 in pre-market trading. Acxiom reported stronger-than-expected results for its fourth quarter, but issued weak FY19 guidance.
American Public Education, Inc. (NASDAQ: APEI) shares fell 10.7 percent to $35 in pre-market trading.
Enduro Royalty Trust (NYSE: NDRO) shares fell 8.5 percent to $3.25 in pre-market trading after tumbling 10.76 percent on Wednesday.
NetEase, Inc. (NASDAQ: NTES) fell 8.3 percent to $244.00 in pre-market trading after reporting Q1 results.
Aircastle Limited (NYSE: AYR) fell 7.2 percent to $21.30 in pre-market trading after announcing 7.9 million secondary offering of common shares.
Boxlight Corporation (NASDAQ: BOXL) shares fell 5.6 percent to $9.29 in pre-market trading after rising 2.29percent on Wednesday.
Brainstorm Cell Therapeutics Inc. (NASDAQ: BCLI) shares fell 5.3 percent to $3.93 in pre-market trading after rising 5.60 percent on Wednesday.
Cisco Systems, Inc. (NASDAQ: CSCO) fell 4 percent to $43.40 in pre-market trading. Cisco reported better-than-expected results for its third quarter. The company sees fourth quarter earnings in the range of 68 cents-70 cents with sales growth of 4-6 percent.
Jack in the Box Inc. (NASDAQ: JACK) fell 3.2 percent to $88.45 in pre-market trading after the company reported downbeat results for its second quarter. Comps were down 0.1 percent in the quarter. The company sees third-quarter comps coming in flat to up 1 percent.
Children's Place, Inc. ( - [By Harsh Chauhan]
China’s booming video gaming industry has turned out to be a big moneymaker for NetEase (NASDAQ:NTES) in recent years. From operatingActivision’s popular games such as World of Warcraft and Diablo to building a solid portfolio of self-developed mobile games, NetEase has kept its finger on the pulse of the video gaming market to clock terrificgrowth.
- [By Dan Caplinger]
Thursday was a relatively quiet day on Wall Street, and action in different parts of the market showed mixed signals for investors. On one hand, small-cap stocks moved higher, with key benchmarks in that area hitting record highs. Yet the better-known large-cap stock indexes like the S&P 500 gave up early gains. Looking more closely at individual stocks, some companies suffered from bad news that sent their shares falling. J.C. Penney (NYSE:JCP), NetEase (NASDAQ:NTES), and Jounce Therapeutics (NASDAQ:JNCE) were among the worst performers on the day. Here’s why they did so poorly.
