• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Doug Kass
    • Bruce Kamich
    • Jim Cramer
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Investing
  3. / Economic Data

Futures Dip Slightly After China GDP Barely Beats

China posted its weakest quarterly economic growth since the global financial crisis.
By SEBASTIAN SILVA Oct 18, 2015 | 10:42 AM EDT
Stocks quotes in this article: CMG, DBD, HAL, BHI, VRX, IBM, UTX, VZ, BA, GM, KMB, KMI, ETP, MMM, CAT, LLY, MCD, GOOGL, AMZN, MSFT, AAL, PG, VFC, FITB, AMT, CCI, SBAC

Stock index futures sank slightly after China reported the lowest GDP annual rate since the financial crisis.

China's third-quarter GDP rose 6.9%, just ahead of the consensus estimate of 6.8%.

China's weakness could raise pressure on its policymakers to roll out more interest-rate cuts and other support measures to avert a sharper slowdown, Reuters reported.

Over the weekend, Deutsche Bank AG (DB) said it is restructuring its business, splitting its investment bank in two as the bank works to keep up with its competitors.

Diebold (DBD) said it offered about 1.57 billion euros to acquire Wincor Nixdorf AG (WNXDY), which could create a manufacturer of cash machines and security systems with more than $5 billion in sales. The proposed offer of 52.50 euros per share in cash and stock is a 35% premium.

Looking ahead, on Monday, we'll be watching earnings reports from Halliburton (HAL) for details on the Baker Hughes (BHI) merger and looking to Valeant Pharmaceuticals (VRX) for a response to the federal investigation of its drug pricing among other matters. IBM (IBM) reports and we need to see how well the company's cloud business is replacing its declining legacy services.

On Tuesday United Technologies (UTX) reports and that should give us a good read on China. Then we'll look to Verizon (VZ) and Chipotle Mexican Grill (CMG), two stocks that TheStreet's Jim Cramer recommends buying.

Wednesday brings earnings from Trifecta Stocks holding Boeing (BA), which is still a wait-and-see stock, Cramer says. General Motors (GM) also reports and Cramer says he's no longer constructive on the stock. Cramer likes Kimberly-Clark (KMB), and if you like Kinder Morgan (KMI), you might like Action Alerts PLUS' Energy Transfer Partners (ETP) even more, Cramer says. ETP's dividend yield is almost 9% compared with KMI's 6%.

For Thursday, Cramer highlighted 3M (MMM), another stock he owns for his charitable trust, Action Alerts PLUS, along with Caterpillar (CAT), Eli Lilly (LLY), McDonald's (MCD), Alphabet (GOOGL), Amazon.com (AMZN) and Microsoft (MSFT).

On Friday, American Airlines (AAL), Procter & Gamble (PG) and VF Corp (VFC) report. Of those, Cramer is only inclined to VFC.

Barron's cover story shared the findings of the publication's latest Big Money poll, a biannual survey of professional investors. The pros expect stocks to rise by as much as 7% through the middle of 2016, propelled by a growing economy and gains in corporate profit, Barron's said.

And for some stock picks, Fifth Third Bancorp (FITB) is the best turnaround story in banking with sizeable assets and it is clearing regulatory and tech hurdles, Barron's said. The stock could jump 25%.

Also, investors could monetize the surge in mobile data usage through the wireless tower companies, which trade at a discount to REITs, with faster growth and 20% upside in 18 months, Barron's noted. The tower companies rent antenna space to the carriers, an essential service dominated by three companies: American Tower (AMT), Crown Castle International (CCI) and SBA Communications (SBAC).

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

Employees of TheStreet are restricted from owning individual securities.

TAGS: Investing | U.S. Equity | Economic Data | China | Markets | Economy | Stocks

More from Economic Data

A Virus-Plagued Rat Year Ends, and China Starts Afresh

Alex Frew McMillan
Jan 20, 2021 9:00 AM EST

It's exactly a year since the virus first locked down Hong Kong. What have we learnt since then?

What Lies in Store for the Market in the First Quarter of 2021?

Maleeha Bengali
Jan 19, 2021 9:34 AM EST

It's easy to get caught up in the inflation trade, but it's also important to know how best to play that.

Rich Guys' Romp, a Breach of Self-Discipline, Trump Countdown, Small-Caps Sizzle

Stephen Guilfoyle
Jan 8, 2021 7:29 AM EST

Plus, a preview of the coming Consumer Electronics Show and quick news hits on Micron and Boeing.

A New Year, Bitcoin Surges, Tesla Delivers, Election Ramifications, Dovish FOMC

Stephen Guilfoyle
Jan 4, 2021 7:32 AM EST

I see both Tuesday and Wednesday on into the end of the week as potentially very volatile for financial markets.

2021 Off to a Strong Start on a Weak Dollar

James "Rev Shark" DePorre
Jan 4, 2021 6:47 AM EST

So far, there's no major concern about politics, while wild volatility in Bitcoin suggests traders are still seeking speculative opportunities.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 11:38 AM EST CHRIS VERSACE

    Best Stocks to Buy for the Biden Presidency

    President-elect Biden's massive stimulus plan, int...
  • 08:07 AM EST GARY BERMAN

    Wednesday Morning Fibocall for 1/20/2021

    SPX (Long-Term View) The 1/8/21 high @ 3826.69 i...
  • 11:09 AM EST GARY BERMAN

    Is Copper About to Turn to Rust?

    Below is a very long-term copper chart.  As you...
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2021 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login