IEMG: Bullish On Emerging Markets For 2021 (NYSEARCA:IEMG)

The iShares Core MSCI Emerging Markets ETF (IEMG) offers exposure to a diversified basket of EM stocks. It’s been a challenging decade for EM investors considering disappointing economic growth, a weak commodity pricing environment, and volatile currency exchange rates. Still, even as this year’s pandemic added a layer of uncertainty, the ETF is now approaching an all-time high, driven by a new sense of optimism for a strong recovery. We expect the fund to maintain this momentum and generate positive returns over the next year. We expect that a weaker U.S. dollar, coupled with an improving outlook for global trade, should be positive for EM. We view IEMG as a quality fund and our top pick among EM ETFs as a long-term holding.

(Source: Finviz)

Fund Background

IEMG, with $63 billion in total assets, tracks the performance of the MSCI Emerging Markets Investable Market Index, which includes large, mid-, and

Read More

Lenovo bullish about services market

a group of people standing in front of a computer: Ken Wong (left) and Ivan Cheung at the Lenovo Tech World ’20 press event recently.

© Provided by New Straits Times
Ken Wong (left) and Ivan Cheung at the Lenovo Tech World ’20 press event recently.

THE current Covid-19 pandemic may have put many tech businesses in the red, but PC maker Lenovo is still bullish about its business prospect in Malaysia as well as in the Asia Pacific region.

Its Asia Pacific president Ken Wong said the whole pandemic has completely changed the businesses and communities in the region.

“We see growth across all our key business units, with 26 percent market share in the PC business,” he said.

Lenovo’s latest financial results reveal that the Group’s revenue is up by 7 percent year-on-year to US$14.5 billion, with a second quarter pre-tax income of US$470 million, up 52 percent year-on-year.

The company’s net income rose 53 percent year-on-year to US$310 million.

“The Group sees significant future growth opportunities well exceeding analyst forecasts,” said Wong

Read More

BlackRock ups U.S. stocks to overweight, bullish on tech

FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018

LONDON (Reuters) – BlackRock, the world’s largest asset manager, has upgraded U.S. equities to “overweight”, turning bullish on quality large cap technology companies as well as small cap firms that tend to perform well during a cyclical upswing.

The asset manager said it prefers the United States as it “boasts” a higher share of “quality” companies with strong balance sheets and free cash flow generation in the high-flying tech and healthcare sectors.

The resurgence in virus cases in Europe and the United States could led to further outperformance of large cap tech and healthcare companies, it added.

In turn, BlackRock turned bearish on Europe.

In a note on Monday, BlackRock said it downgraded European equities to “underweight”, just three weeks after cutting allocations to “neutral”. It cited the region’s high exposure to

Read More

Morgan Stanley says Tesla will surge 22% from current levels in its first bullish call on the stock since 2017

  • Tesla traded higher on Wednesday after Morgan Stanley upgraded the electric-vehicle manufacturer to “overweight” from “equal weight” for the first time since 2017.
  • Morgan Stanley said it sees a budding opportunity in Tesla’s high-margin software-and-services business, which it expects to represent up to 20% of total profit by 2030.
  • “To only value Tesla on car sales alone ignores the multiple businesses embedded within the company, and ignores the long term value creation arising from monetizing Tesla’s core strengths,” Morgan Stanley said.
  • Visit Business Insider’s homepage for more stories.

The upside potential in Tesla remains strong, Morgan Stanley said in a Wednesday note.

For the first time since 2017, the firm turned bullish on the electric-car maker, upgrading Tesla to “overweight” from “equal weight” and assigning a $540 price target, representing potential upside of 22% from Tuesday’s close.

In its bull-case scenario, Morgan Stanley assigned a

Read More

Why America’s Biggest Bank Is Suddenly Very Bullish On Bitcoin

JP Morgan, the largest U.S. bank by assets, has this year softened its previously harsh tone on bitcoin.

The bitcoin market has matured since JP Morgan chief executive Jamie Dimon called bitcoin a “fraud” in September 2017—helped by the (still highly volatile) bitcoin price finding support as an inflation hedge alongside gold this year.

Now, JP Morgan has said bitcoin’s strong 2020 could be set to continue, finding the bitcoin price has “considerable” upside in the long-term as it better competes with gold as an “alternative currency.”

MORE FROM FORBESBuying Bitcoin ‘Like Investing In Google Early Or Steve Jobs And Apple,’ Predicts Wall Street Legend And Billionaire Paul Tudor Jones

Read More