Trump-Xi meeting in China: Watch these US stocks

The leaders of the 2 biggest economies in the world kicked off meetings in Beijing today.

US President Donald Trump's face-to-face with China's President Xi Jinping marks the first visit to China by a sitting US President in almost a decade.

Being a key event to watch that we'd highlighted at the onset of this week, traders and investors worldwide will be looking for notable developments in US-China ties that could sway broader market sentiment, particularly around bilateral trade and the Middle East conflict.

At the time of writing, markets can merely wait and hover:

• NAS100 index is up slightly, +0.4%, though punching its way to yet another record high!
• Bitcoin (BTCUSDT) is little changed, trading just below the psychologically-important $80k line, having recently found support at its 21-day simple moving average (SMA)
• Gold (XAUUSD+) is marginally higher, +0.15%, having been resisted yet again around its 50-day SMA

And Trump is not alone at this high-stakes summit.

POTUS has been accompanied by leaders of some of the biggest companies in the US, and indeed the world!

It remains to be seen whether these big wigs can secure any meaningful "deals" in Beijing.

A positive development in Beijing may well send their stocks soaring back in the States, while a sour note could send its share prices tumbling.

Here's the list of US stocks, ranked by market cap, to keep an eye on during this Trump-Xi summit:

^{NOTE: 12-month return potential figures below measure the % gap between the closing price on Wed, May 13 and the median 12-month target price of Wall Street analysts surveyed by Bloomberg.}

1) Nvidia

CEO: Jensen Huang

Market Cap: US$ 5.47 trillion

12-month return potential: 20.5%

2) Apple

CEO: Tim Cook

^{NOTE: Cook will step down as CEO on Sept 1st, 2026 and become Apple's Executive Chairman; incoming CEO = John Ternus - currently Senior VP of Hardware Engineering.}

Market Cap: US$ 4.39 trillion

12-month return potential: 4.5%

3) Tesla

CEO: Elon Musk

Market Cap: US$ 1.67 trillion

12-month return potential: -9.1%

^{Tesla's share price (as of market close on Wed, May 13) has already run ahead of the $404.80 median target.}

4) Meta

President/Vice Chairman: Dina Powell

Market Cap: US$ 1.56 trillion

12-month return potential: 33%

5) Micron Technology

CEO: Sanjay Mehrotra

Market Cap: US$ 906.3 billion

12-month return potential: -23.5%

^{Micron's stock (as of market close on Wed, May 13) has already run ahead of the $180.48 median target.}

6) Visa

CEO: Ryan McInerney

Market Cap: US$ 618.3 billion

12-month return potential: 25.8%

7) Mastercard

CEO: Michael Miebach

Market Cap: US$ 433.6 billion

12-month return potential: 32.5%

8) GE Aerospace

CEO: Larry Culp

Market Cap: US$ 307.5 billion

12-month return potential: 17.6%

9) Goldman Sachs

CEO: David Solomon

Market Cap: US$ 293 billion

12-month return potential: 1.8%

10) Qualcomm

CEO: Cristiano Amon

Market Cap: US$ 224.7 billion

12-month return potential: -15.3%

^{Qualcomm's stock (as of market close on Wed, May 13) has already run ahead of the $180.48 median target.}

11) Citigroup

CEO: Jane Fraser

Market Cap: US$ 211.7 billion

12-month return potential: 18.4%

12) Boeing

CEO: Kelly Ortberg

Market Cap: US$ 190 billion

12-month return potential: 12.6%

13) BlackRock

CEO: Larry Fink

Market Cap: US$ 179 billion

12-month return potential: 15.4%

14) Blackstone

CEO: Steve Schwarzman

Market Cap: US$ 147.5 billion

12-month return potential: 20.5%

15) Coherent

CEO: Jim Anderson

Market Cap: US$ 79 billion

12-month return potential: -5.4%

^{Coherent's stock (as of market close on Wed, May 13) has already run ahead of the $381.73 median target.}

16) Illumina

CEO: Jacob Thaysen

Market Cap: US$ 21.9 billion

12-month return potential: -0.9%

^{Illumina's stock (as of market close on Wed, May 13) has already run ahead of the $143.68 median target.}

17) Cargill

CEO: Brian Sikes

Former CEO, David MacLennan, also reported to be in attendance

Market Cap: not publicly available

The 160-year-old Cargill is the largest US private company by revenue, also the biggest agricultural commodities trader in the world!

As the wait continues ...

Check in: 3 Assets to Watch (May 11-15)

1) HKTECH to hit 2-month high; test 100-day SMA resistance?

Answer: Yes ✅

On Mon, May 11th, we wrote:

"UPSIDE: A meaningful daily close above the 5100 level may see HKTECH hit a 2-month high and re-test its 100-day SMA for resistance, ..."

On Wed, May 13th:

The HKTECH index duly soared to briefly breach its 100-day simple moving average (SMA), before tumbling back down on Thursday, May 14th.

In other words ...

The 100-day SMA was just about as good as it got so far this week for traders who had positioned for HKTECH gains!

also posted X: @Bybit_Learn

2) SOLUSDT to hit 3-month high?

Answer: Yes ✅

After our article was published this past Monday, May 11th, SOLUSDT punched higher to secure a new 3-month high at 98.360:

• higher than March 16th intraday high of 97.680
• highest price since February 4th

However, the feat of posting a 3-month high was brief, and did not fulfill our upside scenario of breaching $100.

Instead, SOLDUSDT has since gone on to fulfill our downside scenario to near perfection!

On Mon, May 11th, we wrote:

"DOWNSIDE: Should the 96 psychological level exert strong resistance once more, then SOLUSDT may re-test support around the psychological $90 level, with its 21-day and 100-day SMAs lying further south to potentially offer stronger support."

Despite securing a daily close above the $96 psychological level on May 11th, it wasn't meaningful.

Prices then tumbled back down, amid declines across major cryptos.

Today (Thursday, May 14), SOLUSDT has just rebounded off the psychologically-important $90 support level that we had cited since the start of the week.

In other words ...

The $90 psychological level has been just about as good as it got so far this week for traders who had positioned for SOLUSDT declines!

What about our 3rd chosen "Asset to Watch"?

Tap here to revisit our initial setups - published Monday, May 11th - for that asset.

DISCLAIMER: This article is provided for general information and reflects the author’s views only. It does not constitute investment advice, nor an offer or solicitation to buy or sell any financial instruments or digital assets. Your ability to access or use any products or services mentioned may be subject to the laws and regulatory requirements of your jurisdiction.