Our first idea today is a Chinese internet company and our second recommendation is a sale of a previous idea with recent mediocre numbers.
Buy: Tencent Holdings (TCEHY)
From Cabot Emerging Markets Investor
Tencent Holdings (TCEHY) has rounded off calmly under resistance at 45 and is sitting right on top of its 25-day moving average. With earnings scheduled for after the close on November 15, we think this is a good spot to pick up shares. There are no analysts’ estimates to work with, so when the report comes, we will need to watch management’s comments and projections very closely. BUY.
Paul Goodwin, Cabot Emerging Markets Investor, www.cabotwealth.com, 978-745-5532, October 26, 2017