HSBC Upgrades Emerging Market, Brazilian Stocks to Overweight, Cuts Mainland European Stocks to Underweight
Get Alerts EEM Hot Sheet
Price: $40.70 +0.22%
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 4 | Down: 8 | New: 1
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 4 | Down: 8 | New: 1
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A strategist at London's HSBC made several interesting regionally-based calls this morning:
The iShares MSCI Emerging Markets ETF (NYSE: EEM) has tumbled about 2.2% today, while the iShares MSCI Brazil ETF (NYSE: EWZ) is down 2.1%.
- upgraded Emerging Market stocks two notches from Underweight to Overweight
- downgraded European stocks (excluding the UK) to Underweight
- upgraded Brazilian stocks from Underweight to Overweight
The iShares MSCI Emerging Markets ETF (NYSE: EEM) has tumbled about 2.2% today, while the iShares MSCI Brazil ETF (NYSE: EWZ) is down 2.1%.
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