U.S. consumer plays in China are more than coffee and iPhones. Stocks to watch

While Starbucks has warned of price competition in China and Apple tries to drum up momentum with a new store in Shanghai, other U.S. consumer brands are seeing growth and planning for more. Domino's Pizza's China operator DPC Dash reported Wednesday its 26th straight quarter of same-store sales growth — including the pandemic period. Last year's revenue of 3.

analysts said in a note Thursday. "Growth from new markets will continue to drive the overall growth of the company," the analysts said. Chinese President Xi Jinping last week met with visiting U.S. executives as part of Beijing's bid to bolster foreign investment in China . While advanced tech is a focus of bilateral tensions, the U.S. and China have said they are looking to cooperate in areas such as climate and tourism.

maintained its buy rating on DPC Dash, and trimmed their price target to 71 Hong Kong dollars due to lower expectations about long-term revenue growth. That price target is still more than 40% above where shares closed Thursday. Western food acceptance The Hong Kong Stock Exchange was closed for Good Friday, and doesn't reopen until Tuesday. The exchange will also be shut on Thurs., April 4, for a local Chinese holiday. The mainland exchanges are closed April 4 and 5 for the holiday.

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