Analysts at Bank of America ($BAC@US) have named their global “fear of missing out” stocks, adding six new companies to their buy-rated list. It thinks these equities are less vulnerable to central bank tightening than bonds since the Federal Reserve Bank looks likely to withdraw its easy monetary policy and cut back on the bonds it buys before the end of the year. The stocks are made up of emerging markets stocks in countries such as Russia, Turkey, and the United Arab Emirates, with a turnover of at least $1 million a day. They are Emirati telecom company Etisalat; Turkish firm Turk Telekom ($TRKNY@Turkey); two South African companies including Netcare ($NWKHY@Africa), a private health firm, and Barloworld ($BRRAY@Africa), an industrial conglomerate; the Viennese Erste Bank ($EBKDY@Austria); and Greece’s Alpha Bank ($ALBKY@Greece).
Comments