7 Stocks to Buy On the Heels of the Biden-Xi Virtual China Summit

After much buildup, the virtual summit between U.S. President Joe Biden and Chinese President Xi Jinping finally occurred. Although the end result of the virtual face-to-face meeting hardly provided much fanfare, the main point of the sit down was nevertheless incredibly significant. These two represent the biggest economies in the world. Thus, this summit should have some implications for stocks to buy.

Some of the wordings within the summit showed that the U.S. and China have much work to do. President Xi criticized the U.S. influence in Taiwan, stating “[s]uch moves are extremely dangerous, just like playing with fire.” The summit may have been a non-event to many but there was enough feistiness to warrant implications for these stocks to buy.

Comcast ( $Comcast (CMCSA.US)$ )
Disney ( $Disney (DIS.US)$ )
New York Times ( $New York Times (NYT.US)$ )
Huntington Ingalls Industries ( $Huntington Ingalls Industries (HII.US)$ )
IHI Corp ( $IHI (ADR) (IHICY.US)$ )
Palo Alto Networks ( $Palo Alto Networks (PANW.US)$ )
Nike ( $Nike (NKE.US)$ )