Waaaaybo! Weibo: Stock has moved 20% the lows as pressure on the company has alleviated, BABA takeover talk rumbles on and improved user metrics. (LONG)
China Tel ($CHA) like China Mobile ($CHL) has been on a tear. Trade the pulbacks – $70.00
Brazil continues to trade well and the Real is part of the foundation of the rally. Holding below the 200mda and key 3.08 level means Brazil is still game on.
PetroBras reports tonight after a huge run. We remain long into the announcement. (LONG)
Turkey trades well despite some disappointment at today’s MPC meeting. We remain OW TUR and Turkey within EM. (LONG)
US multinationals don’t like the Dollar strength but some companies should not trade on fundamentals if there is a broader re-rating story. MCD new CEO Easterbrook inspiring change. (LONG)
Coke ($KO) has also lagged but with a big move today. Play for a break from $42.00 (LONG)
We are bullish commodities over the next 12-15months. We think CEMEX has US housing and global recovery behind its stock price. Nice chart. (LONG)
Not for the faint of heart and not without a disciplined stop. Iron ore prices may be bottoming as well. CLF with a $4.60 stop. (LONG)
