There are around 500 companies looking to go public in the United States right now - an explosion in entrepreneurial innovation. Sell, and stay sold until you hear otherwise.įortunately for most investors, there's plenty of opportunity unfolding stateside. And it's already down almost 50% in a tragic post-IPO performance that's only going to get worse. (NYSE: DIDI) just went public in the United States at the beginning of the month. Let's move out of big tech - remember, almost all Chinese stocks are hurting. And after this move from China, I don't see it getting there anytime soon. Since May, however, JD has been trading from the low $60s to the high $70s, unable to get even close to reclaiming that triple-digit territory. This thing has been on a downward trend since mid-February, when it hit its 52-week high of $108. (NASDAQ: JD) is yet another e-commerce company that's feeling the heat of China's latest crackdowns. But after hitting a high in February, this stock has been on a one-way train south, down about 54% from that February high.Īre you sensing a pattern here? JD.Com Inc. Baidu ought to be humming along as one of the largest artificial intelligence (AI) and Internet companies in the world. (NASDAQ: BIDU) is another tech company taking a major hit. Maybe the sun will come out again for this one, but for now, it's a firm sell.īaidu Inc. This stock is down almost 30% over the past six months. As I type, it's trading around $183 - and falling from there. But what was once a $320 stock hasn't seen the $300 level since last October. Known as the "Amazon of China," it's been an e-commerce king for years. Sell These Companies for the Time BeingĪlibaba Group Holding Ltd. So here's what to do when the markets open Monday. The NASDAQ Golden Dragon China Index (INDEX: HXC), an index following the biggest Chinese stocks in the United States, is down over 40% over the same period.Ĭhinese stocks are getting the teeth knocked out of them, and almost every industry is getting torched. More than $770 billion has been wiped off the value of U.S.-listed Chinese stocks in the past five months. That message was received loud and clear, as Chinese stocks suffered their worst two-day fall since the bad old days of 2008.īut now, all kinds of Chinese stocks are in trouble. The message for investors: Get the hell out of Dodge. Last week, Beijing announced an abrupt end of for-profit tutoring in the country, stating "curriculum subject-tutoring institutions are not allowed to go public for financing listed companies should not invest in the institutions, and foreign capital is barred from such institutions." That was the message for companies. I don't know why China is shooting itself in the foot, but that's exactly what its latest crackdowns have done.