Link: China is turning thanks to aggressive fiscal and consumer stimulus

Market Trends & Investment Opportunities - Earnings season reveals nearly 10% growth, but disappointing guides may present opportunities, especially if estimates rise [1][2] - China's economic turnaround, driven by aggressive fiscal, monetary, and consumer stimulus programs, suggests adding a "kicker" to portfolios with China exposure [3][4] - U S multinational companies with China exposure offer transparency; Las Vegas Sands, with 60% of revenues tied to Macau and Jaeger, is one example, trading at 11 times EBITDA [5][6] - Industrial data center stocks have reacted poorly to earnings, down 9-10%, despite companies seeing significant activity, presenting potential investment opportunities [10] Company Performance & Strategies - Deckers Outdoor (Hoka parent company) is on the watchlist, down 50% year-to-date, trading at 16 times earnings, with earnings growing at approximately 16-20% and 8% China exposure [7] - Hoka brand saw 20% growth in the last quarter and is guiding for double-digit growth for the year [8] - Uggs experienced 19% growth, improved from 3% in the previous quarter, positioning it well for back-to-school season [9] Portfolio Strategy - Maintaining technology exposure is crucial due to growth, free cash flow, and investment in AI and data centers [10] - A broadening out trade in the market is still considered a viable strategy [9][10]