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Home / Business / Analysts remain with these stocks in light of ongoing US-China trade disputes

Analysts remain with these stocks in light of ongoing US-China trade disputes



Apple CEO Tim Cook attends the China Development Forum (CDF) 2018 annual meeting at Diaoyutai State Guesthouse in Beijing, China on March 26, 2018.

Jason Lee | Reuters

Wall Street analysts do not shy away from their buy ratings for stocks hit hard in the recent US-China trade dispute. As the two countries continue to tarnish each other, many analysts say customers should use market weakness to buy these run-down stocks as the risks are exaggerated.

CNBC has seen a sharp slump in stock price analysis since then The trade war escalated to find companies that highlight analysts in their respective reporting universes.

The Dow fell 71

9 points on Monday as the trade war continued its escalation, but was higher in early trading on Tuesday.

Wall Street will monitor Alibaba's earnings report on Wednesday for signs of trade war effects for the Chinese e-commerce giant.

The recent White House measures have created "greater uncertainty" for the company, but SunTrust analysts are sticking with their buy rating. "The latest data from the National Bureau of Statistics of China indicate that the macroeconomic environment has improved, which has a positive impact on Chinese consumption, and in particular on BABA," said analyst Youssef Squali.

"In the long term, we see BABA as a winner, considering that 1) the Chinese economy is dominating and there is an insatiable appetite for China's growing middle class, 2) it is a compounder over 25% over the next 5 years ( our holdings) and 3) its portfolio of strategic investments, "he added.

The company's shares fell 4% last week.

Apple has also been hit hard by continued trade uncertainty, but Wedbush analysts say this may not be as bad as they seem.

"Nevertheless, we believe that the bark will be worse than Cupertino's bite today given the headwind in China, and we would be buying the name because of the weakness," said analyst Dan Ives, who maintains his outperformance Share.

Apple, which posted the Dow's worst performance on Monday, lost more than 8% last week.

Despite the commercial dispute, Credit Suisse analysts do not give credit to corporate services for some of their claims.

Alarm.com provides cloud services for home remote surveillance services and has an above-average corporate rating.

The company recently reported profits, stating that the tariffs actually have an effect.

"ALRM highlighted in its most recent earnings forecast that higher tariffs have only slightly impacted hardware sales," said Kevin McVeigh, an analyst.

The stock fell more than 15% last week.

Here are other stocks with buy recommendation Analysts hold on to the trade war:

SunTrust-Alibaba, buy rating

"We hold on to a buy / $ 200 price target for the fourth quarter of 19, on Wednesday , May 15. New Data from NBS Suggest This The macroeconomic environment has improved, which has had a positive impact on Chinese consumption, and in particular on BABA, but recent steps taken by the White House are raising major uncertainties about sustainability these improvements) the dominance of the Chinese Ministry of Economy and the insatiable appetite for China's growing middle class, 2) it is a compounder of over 25% over the next 5 years (our holdings) and 3) its portfolio of strategic investment. "

According to TipRanks, Alibaba is a trong buy consensus with an average analyst price target of $ 217 (28 pr ocent upside potential).

Wedbush-Apple, Outperform Rating

"Our near-term assumption remains closer cooperation and negotiations on the growing IP theft is a potential long-term positive issue for US technology providers, with a focus on Cut the annual losses of hundreds of billions of dollars by combating espionage and nation-state attacks Security front In short, the last thing Apple and the technology sector need right now is a UFC fight on the US / China front, the could have a major impact the road fears in digesting these White House threats and assessing the impact of retaliatory measures from China over the coming days, but for Apple in particular, we think the bark will be worse today as the bite of Cupertino in the face of the headwind in China, and we would be buyer of the name because of the weakness.

According to TipRanks Apple is a moderate buying consensus with an average analyst price target of $ 217 (16 percent upside potential).

Wells Fargo-Lowes Company, Outperform Rating [19659020] "Short-term weather and tariff overhangs lend themselves to leaning on … The stock traded at -5% (-1.6% SPX) last week, and we believe weather-related concerns and renewed tariff concerns are a buying opportunity if you can Gradually comparing easing (after May) For the remainder of the year, consumer / housing ratios seem stable and tariffs are manageable, and we expect self-help initiatives to produce better results.

According to TipRanks Lowe's is a strong buying consensus with an average analyst price target of $ 120 (14 percent) upside potential.)

Cowen-FedEx, Outperform Rating

"In the March quarter (remember that FDX is in a May fiscal year), significant inventories were built as companies rebuilt their inventories at the beginning of the year after the holidays, and then continued to do so be one step ahead of potential tariffs in March. As mentioned above, management is somewhat concerned about weak industrial production and business spending and is confident that both will pick up again later in the year. It is likely that a trade agreement between the US and China is needed to accomplish this, especially as continuing trade wars, Brexit, weak German car sales and protracted protests in France are causing uncertainty.

According to TipRank FedEx is a moderate buying consensus with an average price target of $ 206 (20% upside potential).

Credit Suisse-Alarm.com Holdings, Outperform Rating

"We see ALRM, ARMK, CTAS, EEX and IRM adversely affected by tariffs. ALRM pointed out in its recent win bid that higher tariffs have had little effect on hardware sales. In terms of food service and uniform, ARMK and CTAS purchase certain products – steel hangers – from China. This could affect the gross profit margin as ARMK has little foodservice involvement in China.

According to TipRank's Alarm.com Holdings is a moderate buying consensus with an average price target of $ 71 (21 percent upside potential).

Wells Fargo National Vision Holdings, Outperform Rating

"The first quarter is likely to go a long way to improving sentiment; Remains compelling LT story. On the way to the first quarter, investor sentiment was clouded by a series of overhangs (sponsor distribution, model confusion, tariffs, etc.), but we see [May 9] better than expected results as a first step in the correction of the report. [19659019] According to TipRank National Vision Holdings is a strong buying consensus with an average analyst price target of $ 39 (47% upside potential).


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