U.S. retail sales dropped by 0.4 percent in April again confirming how tight-fisted Americans have become. Across the Pacific Ocean, Chinese consumers are buying like crazy as retail sales surged by 14.3 percent in March and up by 15 percent in the first quarter of 2009. All that spending means big profits for some companies and I’ll tell you the name of three companies that are kicking some retail butt in China.
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Uncommon Wisdom (UWD) is published by Weiss Research, Inc. and written by Sean Brodrick, Larry Edelson, and Tony Sagami. To avoid conflicts of interest, Weiss Research and its staff do not hold positions in companies recommended in UWD, nor do we accept any compensation for such recommendations. The comments, graphs, forecasts, and indices published in UWD are based upon data whose accuracy is deemed reliable but not guaranteed. Performance returns cited are derived from our best estimates but must be considered hypothetical in as much as we do not track the actual prices investors pay or receive. Regular contributors and staff include Kristen Adams, Andrea Baumwald, John Burke, Amber Dakar, Dinesh Kalera, Red Morgan, Maryellen Murphy, Jennifer Newman-Amos, Adam Shafer, Julie Trudeau, Jill Umiker, Leslie Underwood and Michelle Zausnig.
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{ 15 comments… read them below or add one }
China all the way – I changed my asset allocation in my 401k to 65% in Janus Overseas (It’s the only fund in my provider’s portfolio with exposure to Asia).
Hey Tony, how are you? I am out here in San Diego Ville. I am a former Hawaiian of Japanese extraction… extraction… is this correct? Anyway I thought I’d send you a short message. It seem to me a college education is supposed to make one smarter than the average bear. However, reading newsletter such as your makes me wonder about this. A farmer out in the field has better sence than a stuffed shirt sitting in his office in some big city. What a mess these guys have perpetuated on us. Yeah, they all walk off with big pay checks and forget the carnage they left behind each day. How sad is this huh?
Jim, just can’t shut the f**k up!
Tony, you said you were going to give three names of China companies….I played your video three times and only heard one, and you mumbled that one!!
Since we’ve heard from various sources that China might be cooking its data, where are you getting your data from and how do you know it’s not being goosed? What is your explanation for this huge growth in China considering that its economy has been based to such a high degree on exports and also that so many factories have closed down.
As I’m sure you’re aware, a sister publication named Money and Markets insists that much of China’s recent economic activity has come from its stimulus plan, much of which has already been spent. Where’s the evidence that China is not still export-driven, and that the Chinese consumer is now driving the economy? This worldwide recession is a time when we need them to step up to the plate, yet also the time when they are the least likely to do so. Also, why should we trust any of the numbers on China when they all come from their self-reporting? Personally, I think the only safe be will be commodities. I say “will be” because commodity prices are probably due for another correction in the near term.
Just a suggestion… Raise the camera you are speaking into about 8-10 inches as your picture is out of proportion and not very flattering.
Dear Tony:
When you give the name of the companies that you are recommending, please give the stock symbol also.
In this video you mentioned the name of a Chinese drugstore–it was difficult to hear the name of the company.
thanks,
mary
Tony,
I respect your vast knowledge of the Asian markets but you have got to do something about your online presentation. You are really undercutting your reputation by not having a more professional video setup. Due to the camera angle you appear to be in a prison cell with the glaring light on the ceiling and the little TV monitor busily playing near your face. Your microphone is not picking up your voice very well so it is hard to understand some of the words you say plus there is an echo being picked up from bad acoustics in the room and maybe from poor equipment.
Sincerely,
Barry H
Where can we read a transcript of the videos? I have a fast DSL connection in Europe, but there are 5-15 minute gaps in the transmission of Uncommon Wisdom videos, especially with yours. I don’t know the reason, but I do know that I receive uninterrupted BBC internet channels as well as other videos over the internet from the USA. Reading Uncommon Wisdom commentaries is FAR faster than watching a video anyway. Thanks for the opportunity to comment about this website. David.
Tony: Your comments are most helpful. In the video, you did not or perhaps I missed them completely, give us the names of three companies that are doing well in China. Can you help me?
I must comment that the camera you are looking at is to LOW and out of focus, and is definately NOT flattering. There is also a light fixture or a glare above your head, which looks like a LIGHTBULB. You and all your associates do a fantastic job, but polishing is also important.
Yes, There is a good site that Larry talked about in his email. It came out 37 minutes before this and gave an opinion that runs contrary to this one. You guys should share an office for better communication… and profits.
I can’t get the 3 names of your companies you were talking about as your words do not come over clearly and would like to know what you said. It would be great if you could print your good words of wisdom.
Many thanks
I too wonder about the 180 degree difference in views of the Sagami belief in the China economy
when Bryan in M&M has strong points about why that economy will be lackluster. It would be great
if you could offer some counter arguments. The Shanghai stock market is a good counter but says little about medium and long term outlook. Recently one writer commented on on a large, new Shanghai mall that virtually zero customers in it. (I assume that statement is true.) Hardly a positive about the Chinese economy.
What are the three infrastructure companies you recommend?