Call toll-free 800.328.1267
Stocks south of the border keep heading north.
The iShares Latin America 40 ETF (ILF) is up 10 percent so far this year, about triple the performance of the S&P 500 over the same period. Unlike the unlike the domestic index, the fund is also above its 50- and 200-day moving averages. That’s a potentially bullish sign.
Brazil is leading the charge as investors embrace the pro-business Bolsonaro administration. However, stocks in Argentina have also ripped higher in an apparent hunt for value in the region.
The gains come at a time of apparent rotation in the broader market as capital shifts from high-profile growth stocks. Investors also seem to be looking for opportunities overseas as a dovish Federal Reserve weighs on the U.S. dollar.
As promised earlier on Market Insights, here are some noteworthy symbols to follow in the region:
In conclusion, this list isn’t exhaustive and shouldn’t be interpreted as trade recommendations. We just wanted to highlight some names that have quietly pushed higher following years of underperformance.
The ARK Innovation ETF has chopped in a range for the last two years, and some traders may expect a push back to longer-term lows. The first pattern on today’s chart is the rounded top in February and March. It was slightly below the peak of ... For more,...
Energy stocks have led the market this year, and now they've pulled back. The S&P Select Energy SPDR fund (XLE) jumped to $98.97 last Friday -- the highest level in almost a decade. It pulled back this week and touched $93.73 before bouncing. That was just $0.04...
Bitcoin has existed as a digital asset for 15 years. This week, it took a big step toward mainstream finance when the first exchange-traded products launched in the United States. The U.S. Securities and Exchange Commission (SEC) approved 11 exchange-traded funds...