While President Trump’s trade war with China (and most every other country) has had little impact on the stock market here in the United States, it has had a very noticeable impact in China.
Since the start of 2018, while the S&P 500 is up more than four percent, the Shanghai Composite Index has actually sunk by more than 15 percent, with most of the decline coming in recent weeks as President Trump’s tariffs have been unleashed.
A fifteen percent stock market decline in six months is a major move, even for an emerging nation. If the U.S. market had dropped by 15 percent over the same time period it would be major news.
But there is more to the story of China’s stock market underperformance than just what has happened so far in 2018…
The chart below details the performance of the S&P 500 and the Shanghai Composite over the entire last decade.
Best Performing Stocks To Invest In Right Now: PRGX Global, Inc.(PRGX)
PRGX Global, Inc. (PRGX), incorporated on January 24, 1996, together with its subsidiaries, provides recovery audit and spend analytics services. The Company provides recovery audit, procure-to-pay performance improvement, spend analytics and risk management services principally to large businesses and government agencies. The Company operates through three segments: Recovery Audit Services-Americas, Recovery Audit Services-Europe/Asia-Pacific and Adjacent Services. PRGX uses advanced information systems and processes and a technology infrastructure to conduct its audits of clients' payment transactions.
The Recovery Audit Services-Americas segment represents recovery audit services the Company provides in the United States, Canada and Latin America. The Recovery Audit Services-Europe/Asia-Pacific segment represents recovery audit services it provides in Europe, Asia and the Pacific region. The Adjacent Services (formerly Profit Optimization services) represents data transformation, data analytics and associated advisory services. Its Adjacent Services offerings are provided to finance, merchandising and procurement executives. The Company's Adjacent Services also include spend analytics (data transformation and cost harmonization), global Supplier Information Management (SIM) services offering, as well as the Chartered Institute of Purchasing & Supply (CIPS) Sustainability Index (CSI) offered in the United Kingdom through its strategic alliance with the CIPS.
Advisors' Opinion:- [By Stephan Byrd]
PRGX Global Inc (NASDAQ:PRGX) – Stock analysts at Barrington Research cut their Q3 2018 earnings estimates for PRGX Global in a research note issued to investors on Wednesday, September 19th. Barrington Research analyst A. Paris. Jr now anticipates that the business services provider will post earnings of $0.04 per share for the quarter, down from their prior estimate of $0.07. Barrington Research has a “Buy” rating and a $13.00 price target on the stock. Barrington Research also issued estimates for PRGX Global’s FY2018 earnings at $0.09 EPS and FY2019 earnings at $0.28 EPS.
- [By Stephan Byrd]
These are some of the headlines that may have effected Accern’s analysis:
Get PRGX Global alerts: PRGX Global Inc (PRGX) Given $12.50 Average Target Price by Analysts (americanbankingnews.com) PRGX Global Inc (PRGX) Expected to Announce Quarterly Sales of $46.33 Million (americanbankingnews.com) Edited Transcript of PRGX earnings conference call or presentation 9-Aug-18 9:00pm GMT (finance.yahoo.com) Analysts Anticipate PRGX Global Inc (PRGX) Will Announce Earnings of $0.04 Per Share (americanbankingnews.com) Wednesday 8/22 Insider Buying Report: RIGL, PRGX (nasdaq.com)PRGX Global stock traded up $0.15 during mid-day trading on Friday, hitting $9.50. 100,780 shares of the company were exchanged, compared to its average volume of 51,706. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.57 and a quick ratio of 1.57. PRGX Global has a 1-year low of $6.45 and a 1-year high of $10.30. The firm has a market capitalization of $223.40 million, a P/E ratio of 45.24, a P/E/G ratio of 19.00 and a beta of 0.73.
Best Performing Stocks To Invest In Right Now: Virtu Financial, Inc.(VIRT)
Virtu Financial, Inc., incorporated on October 17, 2013, is a holding company. The Company is a technology-enabled market maker and liquidity provider to the financial markets across the world. The Company is engaged in buying or selling a range of securities and other financial instruments, and earning small bid/ask spreads across various transactions. The Company has developed a single, multi-asset, multi-currency technology platform through which it provides quotations to buyers and sellers in equities, commodities, currencies, options, fixed income and other securities on various exchanges, markets and liquidity pools in various countries around the world. The Company makes markets by providing quotations to buyers and sellers in approximately 12,000 securities and other financial instruments on over 230 exchanges, markets and liquidity pools in approximately 30 countries around the world.
The Company makes markets for global banks, brokers and other intermediaries, and indirectly provides services to retail and institutional investors, including corporations, individuals, hedge funds, mutual funds, pension funds and other investors, all of whom can access its liquidity on exchanges or venues in order to transfer risk in multiple securities and asset classes for their own accounts and/or on behalf of their customers. The Company makes markets in a range of different assets classes, such as Americas Equities; Europe, the Middle East and Africa (EMEA) Equities; Asia Pacific (APAC) Equities; Global Commodities; Global Currencies, and Options, Fixed Income and Other Securities.
Americas Equities
The Company trades approximately 6,000 Americas equity securities, including equity related futures and exchange traded funds on over 10 Securities and Exchange Commission (SEC) registered exchanges, as well as other alternative trading systems, including the New York Stock Exchange (NYSE), the NASDAQ, Direct Edge, NYSE Arca, BATS and Indian Energy Exchange (IEX), the Tor! onto Stock Exchange (TSX) in Canada, Bovespa in Brazil and Bolsa Mexicana de Valores (BMV) in Mexico, and it connects to over 20 private liquidity pools. The Company is also a designated market maker (DMM) in over 260 stocks on the floor of the NYSE and the NYSE MKT.
EMEA Equities
The Company utilizes direct connections to all of the registered exchanges in a particular jurisdiction, including the London Stock Exchange (LSE), BATS Europe and NYSE Euronext, as well as any additional pools of liquidity to which it can gain access either directly or through a broker. The Company also operates in the European exchange traded funds (ETFs) market, as an authorized participant in various European ETFs. It provides two sided liquidity to a range counterparties throughout Europe.
APAC Equities
The Company utilizes direct connections to the Australian Securities Exchange Limited (ASX), TSX and Singapore Exchange Limited (SGX). The Company also utilizes direct connections to other exchanges and liquidity pools.
Global Commodities
The Company is a participant and liquidity provider on both the Chicago Mercantile Exchange (CME) and Intercontinental Exchange, Inc. (ICE) in trading crude oil, natural gas, heating oil, gasoline futures and precious metals. The Company trades approximately 100 energy products and futures on the ICE, CME, Tokyo Commodity Exchange, Inc. (TOCOM) and NYSE Liffe US. It also trades precious metals, including gold, silver, platinum and palladium, as well as base metals, such as aluminum and copper.
Global Currencies
The Company trades in global currencies, including spot, futures and forwards. The Company is a participant in the foreign exchange venues, including Reuters, Currenex, Hotspot FX and Electronic Broking Services (EBS). Currency trading utilizes intermediaries and broker-dealers.
Options, Fixed Income and Other Securities
The Company trades in options, th! e United ! States and foreign government fixed income products and other products. The Company trades these products on a range of specialized exchanges and other trading venues, including all of the United States options exchanges of which it is a member and through the United States futures exchanges.
The Company competes with Bank of America Merrill Lynch, Citigroup, Goldman, Sachs & Co., Morgan Stanley, UBS, Citadel, DRW Holdings, Hudson River Trading, IMC, KCG Holdings, Optiver, Susquehanna, Timber Hill and Wolverine Trading.
Advisors' Opinion:- [By Shane Hupp]
Virtu Financial (NASDAQ:VIRT) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Thursday.
- [By Ethan Ryder]
Virtu Financial (NASDAQ:VIRT) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Friday.
Best Performing Stocks To Invest In Right Now: Strattec Security Corporation(STRT)
Strattec Security Corporation engages in the design, development, manufacture, and marketing of automotive access control products. The company?s products include mechanical locks and keys, electronically enhanced locks and keys, steering column and instrument panel ignition lock housings, latches, power sliding door systems, power lift gate systems, power deck lid systems, door handles, and related products. It also provides full service and aftermarket support for its products. The company offers its products primarily for automotive manufacturers. It markets its products in the United States, Canada, Mexico, Europe, South America, Korea, and China. The company was founded in 1994 and is headquartered in Milwaukee, Wisconsin.
Advisors' Opinion:- [By Shane Hupp]
Strattec Security (NASDAQ:STRT) was upgraded by analysts at ValuEngine from a sell rating to a hold rating.
SunCoke Energy Partners (NYSE:SXCP) was upgraded by analysts at ValuEngine from a sell rating to a hold rating.
- [By Ethan Ryder]
Strattec Security (NASDAQ:STRT) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Thursday.
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