China Rapeseed Meal Surges After Duty on Canada Canola Imports
Most-active futures surged as much as 6.4% — the biggest intraday gain since July 2023 — on the Zhengzhou Commodity Exchange, before surrendering some gains. Rapeseed is known as Canola in Canada.
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Li Lu's Strategic Move: Significant Investment in PDD Holdings Inc
Exploring Li Lu (Trades, Portfolio)'s Recent 13F Filing and Investment Philosophy Warning! GuruFocus has detected 7 Warning Sign with BAC. Li Lu (Trades, Portfolio) recently submitted the 13F filing for the second quarter of 2025, providing insights into his investment moves during this period. Born and raised in China, Li Lu (Trades, Portfolio) attended Columbia University, where he received three degrees simultaneously: B.A., J.D., and M.B.A. from Columbia College, Law School, and Business School. In 1997, he founded Himalaya Capital, a multibillion-dollar investment firm that primarily focuses on long-term investment opportunities in Asia and the U.S. Li Lu (Trades, Portfolio) currently serves as a member of the Board of Trustees of Columbia University and a member of the Board of Trustees of California Institute of Technology (Caltech). He is also a member of the Committee of 100, the Council on Foreign Relations, and an Aspen Institute Henry Crown Fellow. He is featured in the Smithsonian Institute's Family of Voices, part of the ongoing Many Voices, One Nation exhibition at the National Museum of American History. He is the author of "Moving The Mountain: My Life in China" (1990 in English) and "Civilization, Modernization, Value Investing---and China" (2020 in Chinese). Li Lu (Trades, Portfolio)'s firm embraces the value investment principles of Benjamin Graham, Warren Buffett (Trades, Portfolio), and Charlie Munger. It primarily focuses on publicly traded companies in Asia, with an emphasis on China. The firm aims to achieve superior returns by being long-term owners of high-quality companies with a substantial economic moat, great growth potential, and are run by trustworthy people. Li Lu (Trades, Portfolio) said, "In making investments, I have always believed that you must act with discipline whenever you see something you truly like. To explain this philosophy, Buffett/Munger likes to use a baseball analogy that I find particularly illuminating, though I myself am not at all a baseball expert. Ted Williams is the only baseball player who had a .400 single-season hitting record in the last seven decades. In the Science of Hitting, he explained his technique. He divided the strike zone into 77 cells, each representing the size of a baseball. He would insist on swinging only at balls in his best cells, even at the risk of striking out, because reaching for the worst spots would seriously reduce his chances of success." Summary of New Buy Li Lu (Trades, Portfolio) added a total of 1 stock, among them: The most significant addition was PDD Holdings Inc (NASDAQ:PDD), with 4,608,000 shares, accounting for 17.93% of the portfolio and a total value of $482.27 million. Key Position Reduces Li Lu (Trades, Portfolio) also reduced position in 1 stock. The most significant changes include: Reduced Bank of America Corp (NYSE:BAC) by 3,415,246 shares, resulting in a -24.66% decrease in shares and a -6.44% impact on the portfolio. The stock traded at an average price of $42.07 during the quarter and has returned 8.17% over the past 3 months and 9.92% year-to-date. Portfolio Overview At the second quarter of 2025, Li Lu (Trades, Portfolio)'s portfolio included 9 stocks, the top holdings included 18.36% in Bank of America Corp (NYSE:BAC), 17.93% in PDD Holdings Inc (NASDAQ:PDD), 16.67% in Alphabet Inc (NASDAQ:GOOGL), 16.22% in Berkshire Hathaway Inc (NYSE:BRK.B), 16.17% in Alphabet Inc (NASDAQ:GOOG). The holdings are mainly concentrated in 5 of all the 11 industries: Financial Services, Communication Services, Consumer Cyclical, Energy, Technology. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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China files complaint with World Trade Organization over Canadian steel tariffs
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Applied Materials Stock Tanks On Weak Outlook, China Headwinds
Applied Materials Inc. (NASDAQ:AMAT) stock is plunging on Friday after the company reported financial results for the third quarter after market close on Thursday. The chip equipment manufacturer reported third-quarter revenue of $7.3 billion, beating analyst estimates of $7.22 billion, with adjusted earnings of $2.48 per share, beating analyst estimates of $2.36 per share. Outlook 'We are expecting a decline in revenue in the fourth quarter driven by both digestion of capacity in China and non-linear demand from leading-edge customers given market concentration and fab timing,' said Brice Hill, senior vice president and CFO of Applied Materials.'We are navigating and adapting to the near-term uncertainties by leveraging our robust supply chain, global manufacturing footprint, and deep customer relationships.' Applied Materials expects fourth-quarter revenue of $6.7 billion, plus or minus $500 million, versus estimates of $7.33 billion. The company expects fourth-quarter adjusted earnings to be between $1.91 and $2.31 per share, versus estimates of $2.39. Street Opinions Split Analyst sentiment on Applied Materials was mixed following the latest updates. UBS maintained a Neutral rating but trimmed its price target from $185 to $180, while Wells Fargo kept an Overweight stance, cutting its target from $215 to $205. View more earnings on AMAT Cantor Fitzgerald also maintained an Overweight rating, lowering its target from $220 to $200. Morgan Stanley held its Equal-Weight rating but nudged its target higher from $169 to $172. JPMorgan reiterated an Overweight view and lifted its target from $210 to $220. Stifel remained bullish with a Buy rating but reduced its target from $195 to $180, and Wolfe Research kept an Outperform rating while cutting its target from $230 to $200. Mizuho also maintained an Outperform view, trimming its target from $220 to $200. Evercore ISI reiterated an Outperform rating and kept its $209 target unchanged. Meanwhile, Bank of America Securities downgraded the stock from Buy to Neutral and reduced its target from $190 to $180. Price Action: AMAT stock is trading lower by 12.06% to $165.63 at last check Friday. Read Next:Image via Shutterstock Latest Ratings for AMAT Date Firm Action From To Feb 2022 UBS Maintains Neutral Feb 2022 Needham Maintains Buy Feb 2022 Piper Sandler Maintains Neutral View More Analyst Ratings for AMAT View the Latest Analyst Ratings Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLIED MAT (AMAT): Free Stock Analysis Report This article Applied Materials Stock Tanks On Weak Outlook, China Headwinds originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
