ZTE: President Trump tweets that he is working with President Xi to get ZTCOF back into business as Washington Post reports that U.S. & China are discussing targeted economic deal
- President Trump tweets ‘President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast. Too many jobs in China lost. Commerce Department has been instructed to get it done!'
- Trump Tweet may be positive for the following stocks: ACIA, IPHI, LITE, IIVI, OCLR, FNSR, FN, NPTN, MTSI, AAOI).
- Note:Washington Post is also reporting that U.S. & China are discussing targeted economic deal. Finally, Bloomberg is reporting that Vice Premier will fly to Washington for trade talks between May 15-19. President Trump also tweeted that he believes a trade deal with China will ‘work out'. Other related stocks: QCOM/NXPI.