Continuing our look into the components inside Apple’s (AAPL, quote) latest version of the iPad, we ran quick vitals screen and one of the companies that stood out was Broadcom (BRCM, quote). Granted, Qualcomm (QCOM, quote) also plays a big role in the iPad, but appears to fairly valued at this point in time. On the other hand, BRCM — which supplies the networking, Bluetooth and the FM transceiver in the iPad — could be worth a look on a pullback.
Welcome to the 2:30 ET emerging markets heat map. The markets are continuing to be mixed ahead of the FOMC meeting with little change in the global markets. BUD 1.71%, UN 1.40%, KO 1.17% within the Emerging Money Global Index are higher, while the index is showing additional green on the map suggesting some additional strength into the close.
Today’s twists and turns on Wall Street came about as traders reacted to yet another day of negative headlines surrounding Europe’s sovereign-debt crisis and fled to the safest sectors out there.
The Federal Reserve’s plans to push down long-term interest rates may open an opportunity for investors in apartment-building real estate investment trust ETFs to see a profit.
For nearly a decade, Argentina has been isolated from international capital markets after declaring the largest sovereign debt default in history. But now the country is re-emerging.
The spike in potash today may have caught some by surprise, but Emerging Money has been following
On the conditions that Greece make dramatic budget cuts and increases in taxes, the IMF and European governments agreed
The cost of insuring Greek debt cracked 900 basis points overnight, leading some to see a Lehman-style meltdown ahead. That’s probably not going to happen.
According to DTCC data, there’s currently about $70 billion in gross credit default swaps (CDS) and $8 billion in net CDS out there on Greece. Given a total notional outstanding government debt of
With all the news today on Greece and the potential for contagion throughout the euro zone, USD is testing resistance and is likely headed higher as the situation evolves.
DXY, the dollar ETF, is trading around its recent high of 82.12. If it pushes past that point, the next stop is 82.65 on the way back to levels we haven’t seen since the global market crisis bottomed in early 2009.
Back then, DXY lurched all the way to 89.10 in the worst of the flight-to-quality trade. By the way, oil was $41 a barrel then. Don’t expect crude to weaken below $80 this time around.
Moscow stock prices have lagged the BRIC in recent years, but some on Wall Street expect that to reverse as oil tightens and Russian giants work out their problems.
The MICEX is up 7.8% since mid-October, but the SPX is up 13.8% over the same period. And unlike benchmarks in Brazil, India or China, the Russian index is still working off a three-year loss.
However, Credit Suisse recently put Russia on its overweight list, citing rising energy prices as a catalyst for deeper liquidity throughout the economy. CS singled out Gazprom (GAZP) as a potential buy, since, the bank argues, all the bad news has finally been baked into the giant gas company’s stock.
The Gazprom ADR (GAZPFY) is extremely thinly traded, but investors looking for broader exposure to a Russian turnaround could look into RSX, Market Vector’s Russia ETF: