|Bid||40.92 x 1200|
|Ask||41.06 x 21500|
|Day's Range||40.90 - 41.93|
|52 Week Range||30.65 - 47.19|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.70|
|Expense Ratio (net)||0.59%|
The iShares MSCI Brazil Capped ETF (NYSE: EWZ), the largest exchange traded fund dedicated to Brazilian equities, traded slightly higher in Wednesday's after-hours session after the central bank there pared the benchmark Selic rate by 50 basis points to 6%. The $9 billion EWZ, which tracks the MSCI Brazil 25/50 Index, is up 19.35% year to date, or about double the gains of the MSCI Emerging Markets Index.
The stock market moved little after bearish news on China's economy and bullish news from Citigroup's second-quarter results. Citigroup, though, seesawed to no gain despite its beat.
With Wall Street rising to record highs, investors may have turned a blind eye to foreign stocks. But Brazil stocks have been on fire.
While most stock market watchers say a quarter-point cut is an all but done deal, a tiny minority foresee no cut this month. That could test the market's composure.
Can Dalio's Bridgewater Repeat Its Outperformance in 2019?Bridgewater AssociatesBridgewater Associates, the largest hedge fund in the world, had 303 positions at the end of the first quarter. Most of the fund is dominated by ETFs. The fund’s top
Vale’s Production Loss Has Become Its Peers' Gain—Here’s HowVale’s first-quarter productionVale (VALE) published its first-quarter production report on May 8. With the release of the report, the company’s shipment data have become much
How Cleveland-Cliffs Is Looking after Its Q1 2019 Results(Continued from Prior Part)Pellet premiums to soarDuring Cleveland-Cliffs’ Q1 conference call, CEO Lourenco Goncalves said, “Several people directly or indirectly involved with the
What’s in the Cards for Cleveland-Cliffs’ Q1 Results?(Continued from Prior Part)Vale’s dam burst On January 25, a major disaster struck Vale (VALE) when a dam ruptured at one of its mines in Brazil (EWZ). More than 300 people died when the
Iron Ore Prices Could Be Supported after Vale’s Mine Restart(Continued from Prior Part)Iron ore prices fall Iron ore prices took a major step up after supply disruptions from Vale (VALE) became evident. Read Is the Party Just Getting Started for
Iron Ore Prices Could Be Supported after Vale’s Mine RestartMine restart authorizedOn April 16, a Brazilian (EWZ) court gave Vale (VALE) authorization to restart its operations at the Brucutu mine. After the dam burst in January, the court
Netflix Beats Analysts’ Q1 Estimates, Weak Guidance Disappoints(Continued from Prior Part)Netflix’s international subscriber additionsIn the first quarter, streaming giant Netflix (NFLX) added ~7.86 million international paid streaming members,
Brazilian stocks are among the more volatile emerging markets fare. Brazilian stocks and EWZ rallied earlier this year as markets cheered the reform-minded agenda of President Jair Bolsonaro, who was elected last October. Since mid-February, EWZ has seen mostly choppy trading and over the past month, the benchmark Brazil ETF is lower by 6.69 percent as investors have questioned Bolsonaro's ability to reform Brazil's pension system, one of the cornerstones of his campaign.
Will Yamana’s Chapada Mine Sale Improve Shareholder Returns?Yamana Gold sells Chapada mine Today, Yamana Gold (AUY) announced that it has agreed to sell its fully owned Chapada mine to Lundin Gold (LUNMF) for $1 billion. Chapada is primarily a
Is the Party Just Getting Started for Iron Ore Miners?(Continued from Prior Part)Goldman Sachs raised iron ore price forecastLike most other analysts, Goldman Sachs (GS) also increased its price forecast for iron ore due to the supply disruptions in
Is the Party Just Getting Started for Iron Ore Miners?(Continued from Prior Part)Credit Suisse As iron ore supply disruptions, at least from Vale (VALE), don’t look likely to go away easily, analysts have started another round of upgrades for iron
Is the Party Just Getting Started for Iron Ore Miners?Iron ore prices touch five-year high Iron ore prices are again touching multiyear highs. According to the Metal Bulletin, the benchmark iron ore prices (62% iron ore content) surged to ~$95.3 per
To help investors keep up with the markets, we present our ETF Scorecard. The Scorecard takes a step back and looks at how various asset classes across the globe are performing. The weekly performance is from last Friday’s open to this week’s Thursday close.