No, not a $199 ASP phone for China and no, not China Mobile reporting record ARPU’s on usage, but yes, China is finally really moving the needle.
This is daily Emerging Money Audio Call for Thursday April 24. Emerging Markets opened up about 40 basis points in line were we are on the S&P NASDAQ higher by the fantastic Apple (AAPL, quote) results which on the site today we explain how we are trading Apple on the back of China (FXI, quote) strength.
Starbucks (SBUX, quote) reports 2Q ’14 after the bell tomorrow. Earnings estimates from the street are 0.557c, and despite some heaviness in the stock, the overall outlook for the company remains impressive.
Last night, China printed 48.3 on the HSBC Flash PMI, but don’t tell U.S. corporations who call China a major market that China is slowing.
Welcome to the Emerging Money Audio Call for April 23. Emerging Markets down 1.2% three day move against the S&P underperforming coming back on emerging market vs. domestic market spread, something to look at. We have several charts on the site to explain some opportunities at this point.
We shorted Melco Crown (MPEL, quote) in early March ($43.00) as we felt the combination of slowing top line Macau growth and an expensive valuation were enough to warrant a move lower to the key $35.00 level.