Int'l Insights: Bullish Stocks
U.S. Dollar (DXY) Undercut and Rally at the $96.40 Level is a Near-Term Headwind for Global EquitiesWe remain bullish on EM with the 9-month uptrends intact on the MSCI Emerging Markets index (local currency) and EEM-US (USD). We continue to expect support at the uptrend, which is something we have been discussing/expecting for months. A period of consolidation/pullback is increasingly likely, considering how extended MSCI EM is and our views on the DXY. The weak U.S. dollar (DXY) has supported our bullish outlook on global and EM equities, though we see an undercut and rally at the $96.40 support level on the DXY, which is likely to be a near-term headwind for global equities. Supports to buy on EEM-US are at the uptrend (currently $56.50), $55, and $51-$51.70.
Below we highlight attractive and actionable themes within EM. On page 4 we include a table of all 64 stocks highlighted in this report.
EM Countries. As discussed in our weekly Int'l Compass reports, EM countries
Vermilion Research delivers timely, actionable, and unique research inputs to professional investors. Our research strategists highlight securities which we believe are at major inflection points, based on our various proprietary technical indicators, and offer asymmetric risk/return profiles. We believe our research methodology, which is not limited by industry sector or market capitalization, enables us to deliver superior investment recommendations.
Our process begins by organizing all actively traded stocks into coherent sectors, then into logical industry groups. We then apply our proprietary relative strength tools to identify developing price trends. Once attractive trends are identified within a selected sectors or groups, we screen for individual stocks which we believe offer the best risk/reward profile. Vermilion offers U.S. and global equity market research products. Vermilion’s research team, which has received numerous awards and accolades, has a combined 70 year of experience in the analysis of investment securities.
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