IBN - ICICI Bank Limited

NYSE - NYSE Delayed Price. Currency in USD
11.47
+0.15 (+1.33%)
At close: 4:01PM EDT
Stock chart is not supported by your current browser
Previous Close11.32
Open11.53
Bid11.48 x 21500
Ask11.49 x 28000
Day's Range11.46 - 11.57
52 Week Range8.07 - 12.65
Volume5,887,877
Avg. Volume6,171,701
Market Cap36.812B
Beta (3Y Monthly)0.25
PE Ratio (TTM)32.96
EPS (TTM)0.35
Earnings DateN/A
Forward Dividend & Yield0.03 (0.26%)
Ex-Dividend Date2019-07-23
1y Target Est15.47
Trade prices are not sourced from all markets
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That's why owning a solid bank is a good way to get some exposure without taking on too much risk. And that's where IBN fits in.IBN is one of only three privately held major Indian banks and it is growing like a tech company. What's more, it's also selling Prudential insurance in India through a majority-owned subsidiary ICICI Pru, a new product with huge potential. And insurance also has healthy margins.With the U.S. and Chinese economies doing well, it's a good signal that India will continue to prosper and develop. IBN stock is up more than 30% in the past year and has plenty of headroom left. First BanCorp (FBP)Source: Shutterstock First BanCorp (NYSE:FBP) is a Puerto Rico-based bank that also has operations in the Caribbean and in the U.S. It's on fire.Given the massive devastation of the island from the recent hurricane, I mean that in a good way. FBP stock is up nearly 30% year-to-date and more than 50% in the past 12 months.Much of this is due to the rebuilding efforts that are going on in the region now. It takes a while after a major natural disaster for funding to show up and start getting disbursed.FBP is now in the middle of rebuilding the island and the various other islands where it has operations. And given its status of a territory of the U.S., native Puerto Ricans live in the U.S. and send money back to family there. This is also strengthening the economy of the island. * 10 Automation Stocks to Buy for the 21st Century While fixing the island will happen over a long period of time, at some point it will end, but expanding new opportunities will present themselves and FBP will be on the front line. And it will have a strong balance sheet to help. Infosys Ltd (INFY)Source: Shutterstock Infosys Ltd ADR (NYSE:INFY) is a global technology, outsourcing and consulting firm that offers an array of services to some of the largest businesses in the world. It's headquartered in Bangalore, India and has been around for more than 35 years.With a $46 billion market cap, this is an established company that continues to grow, taking advantage of expanding economies around the world. And where economies are tight, they also look to INFY to help grow their productivity by outsourcing operations that are being solved efficiently in companies' current operations.INFY has a respectable 2.9% dividend and is up 10% year-to-date and nearly 20% in the past year. Its last quarter's earnings beat expectations by a comfortable margin but it warned that this year may not be as strong. But there are plenty of companies that have pointed this out; it's not a shock. However, it has meant that the stock has lost some ground and is at a good price. Telefonaktiebolaget LM Ericsson (ERIC)Source: Shutterstock Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) is in the 5G wars right now.As a leading global telecom company, it is stuck between the leading 5G telecom player in the world -- China's Huawei -- and the U.S. government. The U.S. is concerned that Huawei equipment may contain surveillance equipment to tap into telecommunications used over the network and has told allies that the U.S. will not allow aid money to be used to buy Huawei equipment or support a 5G network using its equipment.And while that may seem like a great thing for ERIC -- based in Sweden -- the problem is, China isn't interested in making it easy for ERIC to muscle in on its 5G dominance. The U.S. doesn't have a native company that can scale up 5G, so there's an uneasy stalemate among the players.But regardless of how it shakes out, ERIC is still a major global player. And as networks upgrade and expand, ERIC will be a significant source of the work. * 7 Cloud Stocks to Buy Now The stock is up 11% YTD and more than 30% in the past year. It may be a little bouncy for a while, but as long as the global economy keeps chugging along, ERIC will be in growth mode. Cousins Properties (CUZ)Source: Shutterstock Cousins Properties Inc (NYSE:CUZ) is a commercial real estate investment trust (REIT) that has been around since 1958. Essentially, it owns and operates commercial buildings in some of the hottest regions of the Southwest, South and Mid Atlantic.Having been launched and headquartered in Atlanta, Georgia, it is one city where CUZ has significant holdings. Atlanta is one of the fastest growing cities in the U.S. and that growth is continuing.It also has properties in the tech mecca of Research Triangle in North Carolina as well as Austin, Texas. It also has properties in major markets in Florida and Arizona.REITs are particularly hot right now for two reasons. First, low-interest rates and a steadily growing economy are helping make financing and new investments easier. Plus, it's a good market to raise rents in.Second is a tax advantage that was written into law in 2018 that allows new tax advantages for REITs and their investors.Plus, the real estate market has been dormant for a while now, so this revival has been a long time coming.Also, late last month, CUZ merged with Tier REIT (NYSE:TIER) adding another 50% to its market cap as well as a successful group of properties in many of the same markets. Cleveland-Cliffs (CLF)Source: Shutterstock Cleveland-Cliffs Inc (NYSE:CLF) has been around for more than 170 years. It was around 15 years before the Civil War started. 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Vereit Inc (VER)Source: Shutterstock Vereit Inc (NYSE:VER) owns and manages single tenant commercial properties in the US.That means it owns properties that one business occupies, which makes it much more manageable for the REIT. Plus many of its customers are national chains, so it is has a close relationship with major retailers and restaurants.For example, its top five clients are Red Lobster, Walgreens (NASDAQ:WBA), Family Dollar, Dollar General (NYSE:DG) and FedEx (FDX). Its top 10 clients represent 27% of the company's total income.As the U.S. economy continues to expand and consumers continue to spend, this all bodes well for VER.Up 16% YTD and delivering a whopping 6.7% dividend, this is a great REIT at a great price and at a great time.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 5 Hot Dividend Stocks to Buy as the Weather Heats Up * 7 Dividend Stocks That Could Double Over the Next Five Years * 10 Stocks to Sell Before They Give Back 2019 Gains * 7 Cloud Stocks to Buy Now Compare Brokers The post 7 A-Rated Stocks That Are Under $10 appeared first on InvestorPlace.

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This lack of decisiveness worries market observers, considering the fluctuating dollar and the inverting of the yield curve.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFinally, emerging market stocks represent a smarter choice for discerning investors. No matter how you look at it, the Dow is relatively close to its peak valuation. On the other hand, several developing-world names are well-off their highs. Simply put, it's more palatable to buy companies on the rise than hope an established stalwart continues to impress. * 10 Tech Stocks That Transformed Their Business Here are the seven best stocks from the emerging market: Gazprom (OGZPY)Source: Shutterstock Among emerging market stocks, none received as much attention over the past week as publicly-traded Russian companies. Both during the presidential campaign trail and after the election, a cloud of controversy surrounded anything related to Russia. But with Mueller's investigation finding nothing, we can start the path toward reconciliation.That begins with allowing Russians to do what they do best: energy and commodities. In this segment, no bigger name in the Motherland exists than Gazprom (OTCMKTS:OGZPY). Primarily, I like OGZPY stock as a speculative play because it tends to operate under the radar.Nevertheless, Gazprom is one of the best stocks in the oil and energy sectors. Geographically, it has a moat because it feeds both Europe and Asia. With oil prices steadily rising over the last several weeks, I'd take a long look at OGZPY stock. Qiwi (QIWI)Source: Shutterstock As a Russian online payment company, Qiwi (NASDAQ:QIWI) enjoys two benefits. First, the obvious one: QIWI stock is levered to fintech, which represents a tremendously popular industry. The second benefit is its locale.Let me explain:Several emerging market stocks hail from parts of the world that are off the beaten path. Naturally, they provide tourists with a more memorable trip, often at a much cheaper price. However, poor infrastructure has prevented would-be adventurers from diving in. * 10 F-Rated Stocks to Sell in This Narrow Market Qiwi's payment services help make westerners and other foreign guests comfortable in Russia and eastern Europe. Essentially, the company allows tourists to enjoy their technological creature comforts while expanding their global itinerary. This is an under-appreciated tailwind that could lift QIWI stock from its current consolidation pattern. Icici Bank (IBN)Source: Shutterstock As things currently stand, Icici Bank (NYSE:IBN) is one of the best stocks to buy, and not just within the developing world. Year-to-date, IBN stock is up over 11%, and in March alone, shares shot up over 15%.But unlike other streaking names, I don't expect Icici to flame out once investor sentiment has died down. For one thing, I doubt that sentiment will meaningfully decline for any lengthy period of time. India has a population size of 1.34 billion, rivaling China's massive workforce.Better yet, India's worker demographic skews young. That fact will become even more important as the years go by. Its regional competitors feature demographics that are conspicuously older.Naturally, this new generation of workers will need to do their banking somewhere. That's where Icici Bank steps in, and which is why I like IBN stock for the long term. Cemex (CX)Source: Dan Davison via Wikimedia (Modified)I'm going to say what very few want to admit: Donald Trump is winning. But a key area where he falls short is his infamous border wall project. In the buildup to the 2016 election, the real-estate mogul promised multiple times to build the wall. But with a split government, that's a tough obstacle to pass.Just as notably, the Mexican government has rebuffed notions that they will pay for the project. 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Not only does TV stock represent a massive presence in its home country of Mexico, it also levers substantial influence with Spanish-speaking Americans.Naturally, TV stock benefits from the fact that these folks have much to talk about. While Trump's "America First" message doesn't inherently help emerging market stocks, media firms feed on news, particularly the controversial variety. The President never disappoints in that department.But another less-appreciated factor is its current content moat. When Netflix (NASDAQ:NFLX) attempted to break into the Mexican market with an original reality TV show, they erred badly. Featuring a whitewashed cast, Mexican audiences decried the show as out of touch with reality.You just don't get that complaint with Grupo Televisa, which is why I like TV stock. Sibanye-Stillwater (SBGL)Source: Jeremy Vohwinkle via Flickr (Modified)Although emerging market stocks today are much more eclectic than they've ever been, they're still largely associated with commodities. However, I don't view this as a negative. On the contrary, mining companies like Sibanye-Stillwater (NYSE:SBGL) offer a hedge against our heavily-digitalized world.Thanks to the magic of financial engineering, most people go about their daily lives without worrying much about the economy. But if such measures fail, panic ensues. Thus, we have a great case for at least some gold exposure, which in turn benefits SBGL stock. * 7 Weak Blue-Chip Stocks to Trim Immediately But don't look at Sibanye-Stillwater as merely a showpiece for doomsday-bunker folks. Thanks to its significant operations in resource-rich South Africa, the company extracts many desired precious metals. As a result, I'd keep a close eye on SBGL stock. BRF S.A. (BRFS)Source: Shutterstock When you think about the top names in the food-processing sector, Brazil's BRF S.A. (NYSE:BRFS) doesn't come readily to mind. But that's only true if you're an American. If you're from virtually anywhere else, you'd probably recognize -- and enjoy -- the BRF brand.Moreover, you can expect BRFS stock to remain the world's breadbasket for quite some time to come. Like other Latin American countries, Brazil features a young demographic, with a median age of approximately 33 years. The resource-rich nation won't get old until around 2040, when the median age hits nearly 42 years.BRFS stock also represents a counterweight to the technological and digitalization revolution. While the latest app or AI innovation generates headlines, you can't eat them. Until we figure out that component, resource-related firms like BRF will still be among the best emerging market stocks to buy.As of this writing, Josh Enomoto was long gold. 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