Blog
Products

INDEX TOP10

BESTCOPYTRADE

10054.12

(-0.74 %)

Л
  • Total Return YTD

    Daily change

    +42.03 %

    (0.00 %)

  • Total Return YTD

    Daily change

    +11.68 %

    (0.00 %)

  • Total Return YTD

    Daily change

    +18.37 %

    (+0.14 %)

  • Total Return YTD

    Daily change

    +8.82 %

    (0.00 %)

  • Total Return YTD

    Daily change

    +7.77 %

    (0.00 %)

  • Total Return YTD

    Daily change

    +10.74 %

    (+0.03 %)

  • Total Return YTD

    Daily change

    +6.29 %

    (+0.01 %)

  • Total Return YTD

    Daily change

    +20.23 %

    (0.00 %)

  • Total Return YTD

    Daily change

    +13.15 %

    (+0.01 %)

  • Total Return YTD

    Daily change

    +1.66 %

    (+0.01 %)

Ы

SIX FOMO STOCKS FROM THE BANK OF AMERICA

Bank of America has published a selection of stocks that can cause the psychological effect of FOMO. It consists mainly of emerging markets securities valued by investors below their peers.

Bank of America experts have published a list of 15 global FOMO stocks. It is reported by CNBC with reference to the analytical note of the bank.

Bank of America has assigned a Buy rating to six of these ratings for the first time:

Etisalat Group is a telecommunications service provider based in the United Arab Emirates. P / E (capitalization-to-earnings ratio) - 22.09x versus 26.89x on average for the sector.

Turk Telekom is a company in the Turkish telecommunications sector. Group P / E - 6.18x with 21.37x industry average. P / S (capitalization / revenue) - 0.81x with 1.05x on average for similar companies.

Erste Bank is a savings bank headquartered in Vienna. P / E - 11.61x versus 14.14x the industry average. P / S - 2.21x versus 3.25x industry average.

Alpha Bank or Alpha Services and Holdings is a Greek bank. Its P / E is 7.38x versus 16.59x the sector average. P / S - 1.08x versus 1.44x the sector average.

Netcare is an investment holding company based in South Africa. The company operates a network of private hospitals. P / E - 157.51x versus 140.51x on average for the sector. P / S - 1.37x versus 3.29x on average for the sector.

Barloworld is a South African industrial conglomerate offering complete rental, fleet management, product support and logistics solutions. P / E - 114.53x versus 116.51x sector average. P / S - 0.48x versus 1.01x the sector average. In May, Barloworld reported more than 400% growth in earnings per share in the six months to March.

Some of the shares selected by the bank are included in the MSCI Emerging EMEA index (countries of Eastern Europe, the Middle East and Africa). The rest are from research that BofA has conducted on emerging market equities in countries such as Russia, Turkey and the United Arab Emirates. During the study, the bank's experts analyzed 33 emerging markets funds. The selection criterion was also a turnover of at least $ 1 million per day.

"Despite the instability and the risks posed by the market, there is still an inflow of capital into EEMEA shares,” BofA analysts explained their choice in the review. The bank gave two reasons why the inflow of investments to the EEMEA countries will continue:

As China is the largest constituent of MSCI EM, the country's tightening of regulations “opens up space for the flow of funds to other emerging markets”;

Equities are less vulnerable to tightening US monetary policy than bonds, so capital flows from one asset class to another will continue.

Bank of America's FOMO list also includes Russian gas producer Gazprom, Polish copper producer KGHM, South African energy company Sasol, as well as financial companies Emirates NBD, Qatar National Bank and South African Standard Bank.

________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ 

Disclaimer: The information presented in this article is not an investment recommendation. Bestcopytrade.com is not responsible for any use of the information provided in the article.
 

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
 

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high  risk of losing your money.

Past performance is not an indication of future results.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

 

Tags: FOMO