Introduction
Many of the stories out right now are about tariffs, trade wars, and the negotiations between the U.S. and China on trade. President Trump is playing hard ball as the U.S. trade deficit with China is huge and getting bigger. More →
It never fails to make me laugh a bit to myself when I see excitement over a bunch of zeros. Remember Dow 20,000 earlier this year? Or Amazon hitting $1,000 a share last week?
This week it was Google’s parent company, Alphabet (NASDAQ: GOOGL), soaring to trade at $1,006 by late Monday morning which helped push the market cap of the world’s second largest company to $688 billion.
What’s remarkable in my mind is that the demand is still there, even despite all those zeros of the four-digit stock price, as such a high price on an individual stock should make the company look unaffordable to smaller investors.
As that $1,000 price tag is too steep for me, I decided to take a look at China’s answer to Google, Baidu (NASDAQ: BIDU). More →