July 10, 2023 | Daily JAM, Videos |
Today’s Trend of the Week is India is the New China–in investing terms. Companies are looking to India for better prices and as a means of side-stepping the China and U.S. technology trade wars. For example, Apple is openly looking for suppliers in India, or asking suppliers to move from China to India, and other companies are following the path as well. Moody’s forecasts India’s GDP growth at 6% to 6.3% this year. I have two suggestions to get in on this trend. The first is the iShares MSCI India ETF, (INDA), which is up 5% year to date, but up 10-11% in the last three months. The other option is HDFC Bank, (HDB), much more volatile that the ETF, but also up 5% year to date and up 8% in the last three months. HDFC Bank is the biggest credit card issuer in India, with 28-29% market share. As wealth in India grows, more and more consumers are getting credit cards for the first time. HDFC also offers alternative platforms and payment technology that will also let the bank ride the technology wave in India’s financial sector. I don’t feel overly enthusiastic about investing in India as a whole. The country has an incredible, increasing reliance on coal, and the economy is riddled with special deals that favor family-run conglomerates with ties to the government. Buying the whole Megillah makes me a little leery, but I like INDA and HDB to get in on sentiment that sees India as the new China for investments.
July 11, 2022 | Daily JAM, Videos |
My one-hundred-and-fifty-sixth YouTube video “Trend of the Week: India’s at a Danger Point” went up today. This week’s Trend video is a follow-up to my piece on the “Global Debt Bomb” from last week. Maybe default by Sri Lania or Laos isn’t enough to disturb the global financial marketplace, but India? I think the Indian economy is at a danger point, with money flowing out of the country and high inflation. I think this will have a huge negative effect on emerging markets globally.
May 12, 2020 | Daily JAM, Notes You Need |
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don't justify a full post. I've decided to start compiling these notes here each day in a kind of running mini blog that I'm calling Notes...
August 31, 2018 | Daily JAM |
The bad news is that the emerging market crisis that has sent financial markets plummeting in Argentina, Turkey, and Brazil has added India and Indonesia to its list of victims. The good news is that the inclusion of India and Indonesia is exactly what analysts and...
March 2, 2015 | Daily JAM, Morning Briefing, You Might Have Missed |
The budget the Indian government announced on Saturday, February 28, for the fiscal year that begins on April 1, wasn’t a home run but it was probably good enough to keep Indian stocks moving higher in the months ahead
February 27, 2015 | Daily JAM, HDB |
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November 15, 2014 | Daily JAM, Friday Trick or Trend, Mid Term, You Might Have Missed |
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May 30, 2014 | Uncategorized |
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January 17, 2014 | Videos |
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September 13, 2013 | Morning Briefing |
Looking for a bottom in emerging market stocks and gold, two of the worst performing assets in 2013? Sentiment continues to go from negative to negativ-er. In Bloomberg survey 25% of respondents picked Brazil as either the worst or next to worst market in the world over the next year. A huge 35% picked India. Gold, down 22% in 2013, got a thumbs down–and $1050 target price–from Goldman Sachs.
May 19, 2011 | Uncategorized |
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April 29, 2011 | Daily JAM, Friday Trick or Trend |
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