Companies that derive a significant portion of their sales from China have recently seen their stocks get hit. If China’s economic troubles ease—or at least stop getting worse—these stocks could be solid pickups.
Calling China’s approach conservative might be an understatement. Its actions so far have been muted, with a tiny rate cut, from 3.55% to 3.45%, and the loosening of reserve requirements in the banking system, the primary actions taken to boost the economy.
“Within the context of our near-term market view, we are inclined to have more patience in buying the high Short Interest names, and less patience in trimming the low Short Interest names,” Emanuel writes.
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