The last few weeks have made this market make anyone want to pull their hair out. The swings are bigger than the PGA. As I have been on a hiatus from writing, I figured this would be an excellent time to weigh back in on the stocks I have been following.
Let's start with Asia Carbon Industries, ACRB. While their price has dropped ever so slightly, this is still such an unheard of diamond in the rough! They should be reporting Q2 earnings in the next couple of days and I am guessing that they will be incredible! From what I understand, their revenues are only rising! As the American Markets are choppy (understatement) perhaps Goldman Sachs was right and the second half of the year will be invest in China. With an expedited rise in the yuan and the dollar quickly losing, Chinese stocks should no longer be avoided. Keep an eye out for the earnings report from ACRB and see what happen!
Be in touch!