Regular readers of Stock Gumshoe will be familiar with Steve Sjuggerud’s True Wealth China Wealth Opportunities. His latest pitch is a 50% discount (USD1,500) for signing up by May 31st, 2018 and he says you will ”… receive one full year of True Wealth China Opportunities, including access to the names of the two stocks I learned about in Boston, plus my entire model portfolio of recommendations, …” He likes KBA (and KWEB) to play the MSCI decision to include China A-shares starting May 31st, but ”pounds the table” on two specific stocks ”that could double”. If I understood him correctly these are included in KBA but I can find any dual listed companies as he says you don This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.
Steve Sjuggerud’s Two Stocks That Nearly Every Wall Street Firm Will be Forced to Buy at 3:59pm on May 31
By canpilot, May 19, 2018
I was first under the impression that we wouldn’t have to buy into any foreign markets, so these must be listed on NYSE, or NASDAQ, Travis we need your help on this. This MSCI sounds like it could have a huge impact due to the amount of shares of more than 2 stocks. How do we find out what gets dumped and what gets picked up? He also states he’s told variations of this story over the last 10 or so years.
Travis, need your help on this May 31 MSCI mandate that stansberry is selling on 2 stocks that could double or triple. That you!
sjuggerud is following KWEB, a chinese Internet ETF where he says the opportunity to gain is and he also follows Tencent. Both of these are listed on US markets
How do you know that?
They also push NPSNY as a cheap way to buy TCEHY. Given the pitch to subscribe to his China publication, I suspect it is not one of his normal calls.
Steve Sjuggerud in daily wealth: “Regardless, China’s National Team will keep buying to prop up the markets. And big institutions will start buying soon, as the MSCI’s inclusion is around the corner.
Let’s get our money there first.
The easiest way to do it is to invest in a fund that is benchmarked to the MSCI China A Inclusion Index. That means it owns the stocks that will be included… and that will benefit as institutional money starts flooding in. That fund is the KraneShares Bosera MSCI China A Fund (KBA).”
They pushed KBA again today.
However, WSJ published on May 15:
Louisa Fok, China equity strategist at Bank of Singapore, said about $18 billion will likely enter China’s stock markets after MSCI’s move, a fraction of the $70 billion average daily turnover of China’s two major markets.
Just guessing, but one of them might be SNP which will have their engineering and construction subsidiary listed on the MSCI China A Share Onshore Index. You can look up the names of all of the companies being added on the MSCI site. Shares in SNP have jumped since Friday.
So we know about KBA and KWEB and Tencent, Naspers, BABA and BIDU.
Do I want to spend $1500 to discover that the magic 2 shares
are perhaps what I already know about and in which I have already invested ?
If it were practicable, I might put up for example $300 to help fund a consortium of 5 who are then advised of all the good doctor has to say about the 2 front runners and anything else regarding the Chinese market. But the payment and security issues are probably too difficult to handle unless it was something that Stockgumshoe would be prepared to organise since they are the natural point of contact for all concerned. It would be a sort of crowd investment in the credibility of the market source, in this case Dr. Sjuggerud.
it may not even be legal because of small print in the terms of membership with Stockgumshoe for which incidentally I have the highest respect . It maywell be something already considered
and rejected for various reasons but any comments are welcome.
One possibility was provided by Sjug when asked a surprise question by Porter Stansberry during a Stansberry webinar on TradeStops on May 10. Porter asked Sjug and Richard Smith ‘if you had to put all the money that you presently have in equities into one inter-generational stock that you were not allowed to sell, and your kids weren’t allowed to sell, what would it be?’ Sjug answered ‘Readers are probably going to kill me for this but I would put it into a Chinese blue chip, which one to be decided’. When pressurized by Porter, Sjug replied ‘ICBC Bank’ (IDCBY on US markets). ICBC Bank is ranked as the seventh major holding out of the 469 shares that KraneShares lists in their KBA Chinese A Share listing.
For completeness, Richard Smith answered Constellation Brands (STZ) and Porter McCormick (MKC).
Wow, that is a super thinly traded ADR.
Ping Insurance Group (PNGAY) and China Merchant Bank (CIHKY) are two of the top three weightings in KBA and both trade as ADRs in the US. Not sure if these are the tickers, but seems like they would benefit from the inclusion just as much as any other A share.
Now you can be sure.
Be sure of what?
Ron Burgandy above said he wasn’t sure if the two stocks he mentioned are the ones Sjuggerud was referring to. They are.
One up and one down today. KBA was down as well but CAF and KWEB were up. Buy the rumor and sell….
Sjugg threw in the towel today on KBA. His prediction on China isn’t playing out…of course, that could be a compressed spring if the tariff issues are resolved quickly.