China’s hottest stocks these days have one thing in common: names that sound like sheep
Published . Updated .
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Shares of fish processors, lighting manufacturers and appliance makers have soared ahead of the Year of the Sheep. Investor appetite has had little to do with the status of their businesses.
Directly affected
- No company is named in this report.
Indirectly affected
- FXI iShares China Large-Cap ETF-2.8% 30d
iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“china”).
- BABA Alibaba Group Holding-8.2% 10d
Alibaba Group Holding (business services) is one of the largest China-based companies traded in the US, so news about China (“china”) reaches its shares.
- NTES NetEase
NetEase (prepackaged software) is one of the largest China-based companies traded in the US, so news about China (“china”) reaches its shares.
- JD JD.com+1.7% 6d
JD.com (retail stores) is one of the largest China-based companies traded in the US, so news about China (“china”) reaches its shares.
- BIDU Baidu-7.9% 15d
Baidu (computer programming, data processing, etc.) is one of the largest China-based companies traded in the US, so news about China (“china”) reaches its shares.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| FXI | +3.46% | +1.27% | base | after close | after close | after close | after close |
| BABA | +11.61% | +7.54% | base | after close | after close | after close | after close |
| NTES | +6.15% | -0.07% | base | after close | after close | after close | after close |
| JD | +1.68% | -0.25% | base | after close | after close | after close | after close |
| BIDU | +3.67% | +2.06% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Shares of fish processors, lighting manufacturers and appliance makers have soared ahead of the Year of the Sheep. Investor appetite has had little to do with the status of their businesses.
Source: MarketWatch
This story
| Company | When | Move | Status |
|---|---|---|---|
| BABA | three days earlier | +7.54% | final price |
| BABA | five days earlier | +11.61% | final price |
| BIDU | three days earlier | +2.06% | final price |
| BIDU | five days earlier | +3.67% | final price |
| FXI | three days earlier | +1.27% | final price |
| FXI | five days earlier | +3.46% | final price |
| JD | three days earlier | -0.25% | final price |
| JD | five days earlier | +1.68% | final price |
| NTES | three days earlier | -0.07% | final price |
| NTES | five days earlier | +6.15% | final price |
This story
12 out of 100
“China’s hottest stocks these days have one thing in common: names that sound like sheep” scores 12 out of 100. The score uses 1 sources.