A profit warning and muted outlook from package delivery company FedEx Corp is p...
) have said the trade war is weighing on their earnings. Yet investors have focused more on FedEx because the nature of its business touches several industries across the globe, including consumer spending.
“It’s obvious that China will try to drag this out as long as it can and hope it disappears after the election,” said Brian Yacktman, whose YCG Enhanced Fund is up nearly 31% for the year to date. Emily Roland, co-chief investment strategist at John Hancock Investment Management, said her firm has been increasing its “measures of protection” against an economic downturn caused in part by an escalating trade war. Despite a 20.1% gain in the sector this year, she said she still sees opportunities in utilities companies due in part to their above-average dividend yields and growth potential.
As a result, he has been moving more assets into sectors such as semiconductors, an industry which will be included in $50 billion worth of goods that will be subject to 30% tariffs starting Oct. 1.
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