🚀 Today's Big Ideas: MSCI Brazil (+11.6%), TSMC (+15.8%), US Banks ETF (+4.0%)
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TODAY’s Big Ideas:
ISHARES MSCI BRAZIL ETF sets up for +11.6% rally in 1 month
TSMC-SP ADR sets up for +15.8% rally in 3 months
FINANCIAL SELECT SECTOR SPDR ETF sets up for +4% rally in 2 months
For more investment insights, please visit us at www.LongShortBets.com
Our view that last week might have been the low for equity markets (and crypto) seems to play out. Get real time alerts per email:
(1) Score 7.5 (out of 10): ISHARES MSCI BRAZIL ETF sets up for +11.6% rally in 1 month
What’s Going On Here?
Brazil Leads Emerging-Market ETF Windfall on Commodities Surge. iShares MSCI Brazil received $81 million last week, the most in three months. Investors say most ‘bad news’ is priced in for Brazil assets, according to Bloomberg.
Why Now?
ISHARES MSCI BRAZIL ETF has triggered a new price range signal. During similar occasions, ISHARES MSCI BRAZIL ETF shares had a median return of +11.6%, over the following 1 month – based on 10 historical occasions with 6 of those showing positive returns (60%). This buy signal for ISHARES MSCI BRAZIL ETF received a high score of 7.5 (out of 10). This insight was generated on 2022- March-21 with last price of 35.55.
What’s This ETF About?
ISHARES MSCI BRAZIL ETF is in the Country Fund-Brazil business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. Ticker symbol: EWZ US.
What’s My Risk / Reward and Time Horizon?
We found 1 month to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 39.68 (+11.6%) has been reached. Based on ISHARES MSCI BRAZIL ETF’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 34.25 (last price at 35.55), which is equivalent to a -3.7% decline.
(2) Score 8.2 (out of 10): TAIWAN SEMICONDUCTOR-SP ADR sets up for +15.8% rally in 3 months
What’s Going On Here?
TSMC is expected to see orders for automotive electronics chips rise at a faster-than-expected pace, according to industry sources. TSMC’s advanced technology leadership is expected to attract an influx of AI chip orders for autonomous driving from vendors.
Why Now?
TAIWAN SEMICONDUCTOR-SP ADR has triggered a new technical analysis ‘rally reversal’ signal. During similar occasions, TAIWAN SEMICONDUCTOR-SP ADR shares had a median return of +15.8%, over the following 3 months – based on 10 historical occasions with 8 of those showing positive returns (80%). This buy signal for TAIWAN SEMICONDUCTOR-SP ADR received a high score of 8.2 (out of 10). This insight was generated on 2022-March-22 with last price of 107.04.
What’s This Company About?
TAIWAN SEMICONDUCTOR-SP ADR is in the Semicon Compo-Intg Circu business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. ‘Wall Street’ analysts think the stock price will be worth +32% (average). Ticker symbol: 2330 TT.
What’s My Risk / Reward and Time Horizon?
We found 3 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 123.94 (+15.8%) has been reached. Based on TAIWAN SEMICONDUCTOR-SP ADR’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 101.64 (last price at 107.04), which is equivalent to a -5% decline.
You might also like: Score 7.3 (out of 10): META PLATFORMS (Facebook) sets up for +10.7% rally in 3 months
(3) Score 7.6 (out of 10): FINANCIAL SELECT SECTOR SPDR ETF sets up for +4% rally in 2 months
What’s Going On Here?
While the US yield curve has flattened, interest rates overall have been rising. The US 10 year bond yield has touched 2.40%. This should support US financials / banks.
Why Now?
FINANCIAL SELECT SECTOR SPDR has reached a new shorter-term high. Previously, during similar occasions, FINANCIAL SELECT SECTOR SPDR shares had a median return of +4%, over the following 2 months – based on 10 historical occasions with 8 of those showing positive returns (80% hit ratio). This buy signal for FINANCIAL SELECT SECTOR SPDR received a high score of 7.6 (out of 10). This insight was generated on 2022-March-22 with last price of 39.44.
What’s This Company About?
FINANCIAL SELECT SECTOR SPDR is in the Financial Services business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. Ticker symbol: XLF US.
What’s My Risk / Reward and Time Horizon?
We found 2 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 41.01 (+4%) has been reached. Based on FINANCIAL SELECT SECTOR SPDR’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 38.14 (last price at 39.44), which is equivalent to a -3.3% decline.
You might also like: Score 8 (out of 10): APPLE indicates to return +11.9 rally in 3 months
For more investment insights, please visit us at www.LongShortBets.com