Tags: invesco | kristina hooper | china | tech | stocks | screaming | buys

Invesco's Kristina Hooper: China Tech Stocks Are 'Screaming Buys'

Invesco's Kristina Hooper: China Tech Stocks Are 'Screaming Buys'
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By    |   Wednesday, 30 October 2019 09:46 AM

One investing experts contends that despite the natural inclination to shy away amid the raging trade war, China’s big technology stocks are actually are great investment opportunity.

Invesco’s Kristina Hooper recently told CNBC she believes now is the time to buy them — especially since she think China has the most to gain from trade negotiations and may even emerge from the war as a winner.

“This could be a scenario where China is actually able to stimulate its economy enough to ride out this war,” the firm’s chief global market strategist recently told CNBC. “We’re looking at the potential for more fiscal stimulus, more monetary policy stimulus and so that could put China tech higher than where it is today,” Hooper said.

Hooper, who oversees $1.2 trillion in assets, is particularly bullish on the BATS, China’s version of the FANG names. They are Baidu, Alibaba, Tencent Holdings and Sina, CNBC.com explained.

 “Certainly, China tech in general looks good, but I think those large tech names are best positioned,” she said. “Valuations are so low. We look at it from a price-to-sales ratio standpoint. Just screaming buys in China,” Hooper said.

However, not every respected Wall Street voice is so optimistic on tech stocks, especially shares of U.S. companies.

To be sure, Newsmax Finance Insider Robert Ross recently warned that U.S. tech shares are poised to tank if the economy ever plunges into a downturn.

"Eventually, U.S. stocks are going to go south. The good news is, last year’s sell-off gave us a glimpse of which stocks may hold up well, or even rise, during the next downturn. It also showed us which stocks will probably tank," Ross recently wrote.

"A handful of stocks plunged during last year’s downturn. And a lot of them were high-flying tech stocks."

© 2021 Newsmax Finance. All rights reserved.


StreetTalk
One investing experts contends that despite the natural inclination to shy away amid the raging trade war, China’s big technology stocks are actually are great investment opportunity.
invesco, kristina hooper, china, tech, stocks, screaming, buys
297
2019-46-30
Wednesday, 30 October 2019 09:46 AM
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