Larry Cheung

Letters from Larry: U.S. and China Investment Strategy

About Larry

Larry Cheung, CFA is the founder of a leading Substack publication named Letters of Larry: U.S. and China Investment Strategy. He is also a Youtube creator with over 100,000+ followers and has a research focus on US and China macroeconomics, financial markets, and company-specific fundamental analysis. As a chartered financial analyst, he is passionate about helping his followers grow their wealth through long-term investing and thoughtful tactical trading. He can be found as @LarryCheungCFA on Twitter, Instagram, Youtube, and Substack.

Larry's Articles

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TCOM: An Example of What to Buy in China (and How!)

As we know, Chinese stocks have seen a massive run of epic proportions over the past 30-40 days. The Hang Seng Index has soared almost 3,000 points in a non-stop run that I’ve seen only two-three times over the last four years. One of my most familiar names within my China coverage is Trip.com Group Ltd. (TCOM), writes Larry Cheung, founder of Letters from Larry.

Larry Cheung

GLOBAL

Tickers: BABA, TCOM

UNH: A Solid Healthcare Play in a Rotational Market

The blistering hot theme in markets right now is obviously the China trade, and this means investor capital is being allocated towards the Hang Seng, China ADRs, and for institutions that have access, the Onshore A-Shares market. As for other rotational activity shared as opportunities, UnitedHealth Group Inc. (UNH) just saw a nice 2% bump, notes Larry Cheung, founder of Letters from Larry.

Larry Cheung

HEALTHCARE

Tickers: FXI, LLY, QQQ, UNH

SPY and QQQ: How I'm Looking to Trade this Week's Fed Meeting

On the back of CPI being in-line with estimates and the Harris/Trump debate not producing any large shockers last week, both the S&P 500 and Nasdaq 100 completed the recovery sequence I was looking for at month-end. The difference, though, is that the recovery sequence happened in one week, all before FOMC. That makes things tricky, observes Larry Cheung, founder of Letters from Larry.

Larry Cheung

FEDERAL RESERVE

Tickers: QQQ, SPY

TER: What Earnings and the Market Reaction Say About the Semiconductor Sector

Throughout 2024, Teradyne Inc. (TER) has been a large beneficiary of rising revenue and EBITDA estimates across the entire semiconductor sector. With the semi industry and Big Tech seeing a very harsh selloff, I’m inclined to think that risk/reward has improved for long-focused investors, advises Larry Cheung, founder of Letters from Larry.

Larry Cheung

TECHNOLOGY

Tickers: MU, QCOM, SOXX, TXN, TER

Larry's Videos

The 2024 Investment Outlook on U.S. & Hang Seng Stocks

In this webinar, Larry Cheung, CFA will discuss his outlook on both the S&P 500 and the Hang Seng Index, with a particular focus on companies that have high dependence on China's macroeconomic landscape. This means that key retail names within the SPX as well as Semiconductors will be in focus. The U.S. market is coming off one of the best years in the past decade while China's Hang Seng Index is the world's worst-performing market in all of 2023. Will these trends persist into 2024? We will discuss the fundamentals, valuation, and technical setup of both markets in this presentation.

Larry Cheung

GLOBAL

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