 We now move to Chinese companies and stocks with the able assist of our friend Melissa Armo the founder of the stock swoosh Melissa welcome back this Shanghai composite index has been on a downward trend for most of this year What does this say other than the obvious about Chinese stocks overall? I don't like any Chinese stocks to buy today. I'm sure you're probably not gonna be happy with me saying that But I have to call it like I see it Overall the index isn't a downtrend once it broke that 3,000 level it really started drop and it for some reason It would ever get down to that $2,000 level that would be so that that would be critical. It would just be critical You know one of the Chinese there's no Chinese stocks that you would get but one of the Chinese stocks That's out there. That's not actually traded in Shanghai is Alibaba traded in NYSE I mean we talked about that yesterday how they're doing all this expansion on the digital Belt and Road in Russia What do you make of Alibaba as a as a buy opportunity, Melissa? I don't like it here again. First of all all tech stocks fell today because there was Facebook and Twitter and they all testified in Capitol Hill today So all of these stocks fell because they're all in that same bucket But before today's drop-off in Alibaba I still didn't like it as a buy because the stock has been falling for the last few days anyways I'm telling you that the last previous high in Alibaba was 211 the stock is around 164 it's nowhere near the highs and if you look at the US stock market It's been making brand new all-time highs in the last few days So compared to the overall market and compared to even the other bucket of stocks I don't like the way it looks even Google you see all these tech stocks Some of them are strong and some of them are not and Alibaba is one of these ones I would say it's in danger of being in a downtrend. It's not in a downtrend yet But it's it's in danger of coming into a downtrend I would wait until the next earnings report for Alibaba, which is we didn't even get into the fall earnings season But once we do I wait to they report maybe the stock will fix itself then but as of right now would not buy it Now you're on a roll So we probably know your answer here But I want to go to Alibaba's one of their rivals and also a Chinese company But traded in the US not on NYSE but on Nasdaq And that is JD.com and you know their CEO Richard Lou has had some problems this past weekend He's arrested on accused of rape my gosh He's free and he's roaming around now the world But what do you think same thing not not a good thing on JD.com? Well that stock again fell dramatically today fell dramatically yesterday And it probably fell on this negative news But overall that stock wasn't a buy before the last two days anyways the previous highs in JD were earlier in the year in January this stock was over $50 a share today was trading around 26 bucks the stock has lost 50% Of its value in the last eight months. That's not good And this is well before well before the news that came out in the last few days of all of this But I'm telling you I wouldn't buy that either that is having problems for whatever reason that stock is definitely in a downtrend Looks lower looks lower today. It looks lower overall any stock that loses half its value like that. It's not a good buy It happened way too quickly You know before we leave Asia or the Asian companies Chinese companies They had this huge horrible typhoon Worst typhoon in 25 years I typhoon Jebi and it's damaged much of the Asian supply chain It appears that you know we're on the coast there, but some of the infrastructure too How do you think this might or might not impact sort of the Asian supply chain and therefore? Companies that are dependent upon transit the airport there Neurosacca was closed so it looks like it could be a big deal. What do you think? Well, it is a big deal obviously this is a season for that. It's terrible. I think they reported 11 people died It's absolutely horrible Obviously you have some delays overall They're probably going to clean it up if the storm stops or lets up a little bit They'll be able to continue I don't think it's gonna have a long-term effect on anything But obviously it's a catastrophe that's happening right now and and the biggest most unfortunate thing obviously is a loss of lives So yeah, absolutely, and we certainly have those folks in our thoughts and prayers were appropriate Melissa, let me ask you in general about you know, we talk about tech stocks a lot But you're not into the Chinese you're none of the Asian stocks and maybe I'll test you on the hang saying some time But you know, what about us tech stock? We've talked about them before but which do you think are really hot right now? I Will tell you right now that my favorite tech stock of course everybody knows it is Apple and here's why if you bought Apple on August 1st Today's only the 5th of September if you bought Apple on August 1st it rallied almost every day since then for the for the whole entire month of August If you'd bought it on August 1st, you would have been up the stock had a dramatic move up And again, like I said the US market the the S&P has hit over brand new all-time highs Apple is my favorite tech stop and Apple has a long-standing history being able to overcome any simple hurdles that they've had Facebook is one that seems to not be able to overcome some of these hurdles That's why they're testifying before Congress Apple's in its own bucket. They have their own technology That's in that tech stock bundle But I like that separately because I mean honestly the stock is so strong. I mean if you owned Apple Why would you even sell it? It looks like the stock is gonna hit up to 250 I think 228 was the previous high. It's made in the last few days. I like that stock at least up to 250 I would but you could buy Apple. It's a great time to buy Apple and let me ask you You know Amazon has reached this new, you know trillion-dollar threshold of that ballot valuation and You know, there are a lot of people that look at the price increase from I think under a grand at the beginning of the year to around 2000 now Is it still is it too late to get into Amazon and did the boat already sail? No, the boat didn't sail because analysts are saying that stocks gonna go up to $2,500 a share which is hard to believe but no, I don't think it's too late And here's why I don't think that's too late Jeff Bezos has been talking about getting Amazon involved with so many different other things real estate selling pharmaceuticals They could break into so many other things. Remember they bought whole foods or selling all kinds of stuff online They're gonna put their hand into so many different other Services that I don't think that Amazon is too late to buy. It's very expensive It's very expensive for you to even get in it now But I definitely don't think it's too late because I still think that stock is higher That's another reason why the market has lifted up to Amazon's made new highs in the last few days as well So Amazon and Apple are still good buys even though they're expensive I think Amazon is gonna dip their toe into many other different things I honestly anything that Amazon wants to do they're gonna do I've said this before that's a hard fierce competitor Melissa Armo the founder of the stock swoosh. Thank you so much as always must appreciate your time Thanks. Have a good day