What's next for Chinese stocks?
An expert discusses the potential impact of the unpegged yuan.
Written by Douglas Estadt
Dr. Eric Jackson of Ironfire Capital LLC joins us to discuss the potential impact of the unpegging of the Chinese yuan to the dollar and to give us an update on his China picks. Dr. Jackson highlights the potential of certain stocks and gives us details of what is new on his radar in China:
- Orient Paper Inc. (AMEX:ONP) had positive quarter earnings that he anticipates will continue to improve.
- China-Biotics Inc. (Nasdaq:CHBT) recently reported results, and net sales increased 50%.
- New on Jackson’s radar: Puda Coal Inc. (AMEX:PUDA), a coal-producing company that has recently taken over production responsibilities of smaller coal producers.
- SkyPeople Fruit Juice Inc. (Nasdaq: SPU) is another one to watch, with 40% revenue growth forecast for this year.
To hear more, view the video below
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The solid report comes a month after the retailer closed all of its Canadian operations.
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