Once again, trade tensions are heating up with China as President Biden signed an executive order to limit U.S. investments in Chinese technology companies for national security concerns. China says a response is coming.
Given that restrictions on technology sales to China are likely, it’s worth combing through large technology stocks and seeing which ones are heavily exposed to China.
This screen is relatively simple. We looked at all technology companies trading on the NYSE and NASDAQ exchanges with a market cap of over $5 billion. The table below shows the five stocks with the highest percentage of their revenue currently coming from China. The data is courtesy of Refinitiv.
Company Summaries
Qualcomm (QCOM)
Monolithic Power Systems (MPWR)
Texas Instruments (TXN)
Lattice Semiconductor Corp. (LSCC)
Marvel Technology (MRVL)
Five for Friday
Five for Friday uses stock screens to produce five stocks that we expect will outperform if a particular investment theme plays out in the future. Investment themes may be relevant to the current or expected market, industry and/or economic trends. Investment themes may not always represent our current forecast.
Disclosure
This report is not a recommendation to buy or sell the named securities. We intend to elicit ideas about stocks meeting specific criteria and investment themes. Please read our disclosures carefully and do your own research before investing.
Michael Lebowitz, CFA is an Investment Analyst and Portfolio Manager for RIA Advisors. specializing in macroeconomic research, valuations, asset allocation, and risk management. RIA Contributing Editor and Research Director. CFA is an Investment Analyst and Portfolio Manager; Co-founder of 720 Global Research.
Follow Michael on Twitter or go to 720global.com for more research and analysis.
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