|Day's Range||0.7000 - 0.7000|
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]
Year-to-date, the iShares Latin American 40 ETF (ILF) , which is heavily allocated to Brazil and Mexico, is trailing the MSCI Emerging Markets Index, but some market observers believe there's potential for Latin American equities to bounce back. While there is plenty of controversy surrounding Argentina's financial markets following recent primary election results there, the country isn't a big part of ILF's roster. Brazilian central bank’s IBC-Br economic activity index, a leading indicator of gross domestic product, dropped 0.13% in the second quarter after falling off 0.68% in the three months prior, Reuters reports.
Bullish chart patterns with clearly defined risk/reward setups suggest that it could be time to buy into countries such as Brazil, Peru and Chile.
Stocks in Latin America and the related exchange traded funds are participating in this year’s emerging markets rally. In fact, some Latin American markets and funds are leading that rally, but some risks ...