WS #11059
China's factory and non-manufacturing activity beat expectations in June, driven by booming exports, positive for Chinese ADRs and global demand. Cathie Wood loaded up on Amazon and Palantir while dumping Alibaba, a bullish signal for AMZN and PLTR. Xiaomi, Oppo, Vivo cut 2026 smartphone shipment targets by up to 30% due to rising costs and component shortages, bearish for semiconductor and supply chain stocks.
China Economic Data Beat Expectations
China's factory and non-manufacturing activity beat expectations in June, driven by booming exports, positive for Chinese ADRs and global demand.
Cathie Wood loaded up on Amazon and Palantir while dumping Alibaba, a bullish signal for AMZN and PLTR.
Xiaomi, Oppo, Vivo cut 2026 smartphone shipment targets by up to 30% due to rising costs and component shortages, bearish for semiconductor and supply chain stocks.