Analysts say these stocks could benefit from a trade deal
div > div.group > p:first-child"> While the U.S. and China continue to build momentum towards a trade deal, Wall Street analysts are getting increasingly anxious awaiting a breakthrough.
Trade talk was definitely in the air at at an agriculture industry conference last week according to analysts at Credit Suisse. Robert Moskow, who covers Tyson Foods for the firm, was at the event and noted increasing chatter surrounding an outbreak of African Swine Fever in China. This"increases the likelihood that China will agree to a deal," he said in a note to clients.
"New product or not, PII is also the largest beneficiary of the 'tariff trade' under our coverage, with $1.40+ tied up in tariff costs that could benefit the P&L in various forms," analyst Brett Andress said in a note to clients.Here's what else analysts are saying about companies waiting for a trade deal:
"Battle over US intellectual property could end up helping the card payment networks in any trade deal. With the Chinese vice premier in Washington this week, prospects for some sort of trade deal seem better than they have been over the last year. And while manufacturing and agriculture get most of the attention when it comes to tariffs and what could be offered up in a trade deal, US technology and services companies could also end up being a beneficiary.
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