The Portfolio Armor Substack

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The Portfolio Armor Substack
Trade Alert: China + Top Names

Trade Alert: China + Top Names

Our system's two top names on Friday were Greater China stocks.

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Portfolio Armor
Oct 07, 2024
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The Portfolio Armor Substack
The Portfolio Armor Substack
Trade Alert: China + Top Names
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Goldman Sachs Says Overweight China

On Sunday, ZeroHedge noted on X that Goldman Sachs finally acknowledged that China's stimulus-fueled rally is likely to have legs. 

We’ve had two recent exits on China trades, a 200% gain on our calls on Qifu Technologies (QFIN 0.00%↑), and an 88% gain on our X Financial (XYF 0.00%↑) shares.

Two Greater China Names Hit Our Top Ten

As regular readers know, Portfolio Armor has an automated daily ranking system that generates its top ten names after each day the market is open. Those names are the ones our system estimates will perform the best over the next six months. We post our top ten on this Substack once a week (usually on Thursday nights), and so far we have 6-month track records for 67 of those weekly top names cohorts since we started this Substack.

On average, our top ten names have returned 18.86% over the next six months, versus 12.38% for the SPDR S&P 500 Trust ETF (SPY 0.00%↑).

On Friday, for the first time that I can recall, China-linked stocks occupied the #1 and #2 spots in our top ten. Both stocks are expected to report earnings next month. We’re betting that both will be somewhat higher afterwards. If we’re right, we’ll have gains of about 200% or higher; if we’re wrong, our maximum loss will be 100%.

Details below.

Today’s First Greater China Trade

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