Today we are watching…
1. Luckin Coffee (#lk-adr)
Starbucks’ main Chinese rival is hunting it down. In only two years of business, Luckin Coffee has sold over 100 million cups of caffeine in a tea-drinking country, earning it the blessing of Wall Street. It only debuted on the Nasdaq in May, but Luckin Coffee is already a stock to watch, a growth prospect for investors overseas.
2. Advanced Micro Devices (#amd)
This American chip-maker is being dragged lower by fellow industry actor Broadcom, whose earnings results last week were a sorry sight. Chips go into smartphones, storage hardware, and other devices all hampered by tariffs. When one chip-maker falls, investors fear they’ll all go down, so Advanced Micro Devices needs to convince clients not to prune back their chip buying. Tall order.