Stocks to watch following the 3% market meltdown: Baidu (BIDU) - the Chinese internet search leaded broke $100 today. The company faces weak domestic ad spending, but Baidu is poised to benefit from a long-term rally in the Chinese market with or without a trade deal. The Chinese internet ad market is still in the infancy of development. American Airlines Group (AAL)/United Airlines (UAL) - the legacy airlines all took a 4% hit from fears over less international travel due to the ongoing trade war with China. The market is far overplaying a 10% tariff on $300 billion worth of goods and ignore the fact that US businesses along with Chinese businesses will just conduct more business in other SE Asia locations. The airline stocks were already insanely cheap trading at PE multiple far below 10x. Freeport-McMoRan (FCX) - the copper miner is back to $10. The company is poised for a large rally with a trade deal that will return the Chinese market to expansion requiring more copper. Apple (AAPL) - the tech giant took a 5% hit today. My previous research already highlighted how Apple easily survives a 25% tariff, much less a 10% tariff. More research: Apple: Tariffs To Slide Right By Disclosure: Long BIDU, AAL, UAL, FCX, AAPL