By Shawn Langlois, MarketWatch
The U.S. stock market has proven to be an historic juggernaut, and its stellar performance this year, as this table shows, only solidifies its reputation as top dog:
Or does it?
Investors would be forgiven for feeling jittery heading into an earnings season where sky-high valuations tangle with results that are expected to show slowing growth. So maybe some peace of mind will come with moving investment cash overseas. In that case, Accuvest Global Advisors is here to help .
The investment manager, in our call of the day , just released its latest country ranking and the U.S. comes in fourth, behind China, Russia and Norway.
“China shows positive and improving momentum,” writes Accuvest portfolio manager James Calhoun. “This blends nicely with persistently strong fundamentals and undemanding valuations.”
There are plenty of ways to gain exposure to China, including popular picks like the iShares China Large Cap ETF /zigman2/quotes/208670743/composite FXI +0.22% , the biggest of all Chinese ETFs, and the iShares MSCI China ETF /zigman2/quotes/206267952/composite MCHI +0.66% . For a more internet-focused approach, there’s the KraneShares CSI China Internet ETF. /zigman2/quotes/205873167/composite KWEB +0.10% .
For Russia and Norway, here are just some of the many vehicles to sift through: The VanEck Vectors Russia /zigman2/quotes/200464876/composite RSX -0.63% , the iShares MSCI Russia Capped ETF /zigman2/quotes/206979425/composite ERUS -1.12% , the iShares MSCI Norway ETF /zigman2/quotes/207533581/composite ENOR +3.49% and the Global X Norway ETF /zigman2/quotes/207101910/composite NORW +3.73% .
Back here in the States, stocks are drifting lower.
The S&P 500 /zigman2/quotes/210599714/realtime SPX +1.44% , Nasdaq Composite /zigman2/quotes/210598365/realtime COMP +1.65% and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.98% all traded lower to kick off the week. Crude oilalso declined, as did gold . The dollar /zigman2/quotes/210598269/delayed DXY -0.39% edged higher but was mostly flat.
Europe stocks /zigman2/quotes/210599654/delayed XX:SXXP +1.00% tacked on gains early but finished stagnant. Asian equities /zigman2/quotes/211618636/realtime XX:ADOW +1.46% rallied just a bit, though the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +1.77% gave up gains after rallying at the open on signs the U.S. and China are closing in on a trade deal.
Tiger Woods made a lot of people happy Sunday when he won his fifth Masters title. Perhaps nobody was happier than the folks at Nike /zigman2/quotes/203439053/composite NKE +0.61% . The sponsor that stuck with Tiger through the dark times capitalized on his epic victory by releasing an ad within minutes of the final putt dropping in the cup. Oh, and somebody else is really happy about his win (see “ The stat ” below.)
Goldman /zigman2/quotes/209237603/composite GS +3.15% , continuing the strong run for banks, soundly beat earnings expectations and shares are moving up.
Some Merger Monday action with Waste Management /zigman2/quotes/207732466/composite WM +1.12% announcing a $4.9 billion deal, to buy its smaller rival Advanced Disposal Services /zigman2/quotes/203702325/composite ADSW +0.15% , whose shares are taking off like a rocket.
Huawei Technologies says it’s “open” to selling 5G smartphone chips to Apple /zigman2/quotes/202934861/composite AAPL +3.30% . In a CNBC interview that aired late Sunday, the Chinese tech giant’s founder and CEO Ren Zhengfei said the company would consider selling its next-generation mobile chips to other smartphone makers, in a potentially big shift in strategy. “We’re open to Apple in this regard,” he said.
South Bend, Ind. Mayor Pete Buttigieg didn’t let some freezing rain get in the way of his formally announcing his bid for the presidency on Sunday. “One day they will write histories, not just about one campaign or one presidency but about the era that began here today, in this building, where past, present, and future meet,” he told the crowd . “It’s cold out, but we’ve had it with winter. You and I have the chance to usher in a new American spring.”