3 Undervalued BRIC Stocks With Strong Hedge Fund Buying
By Kapitall:Do you like to follow smart money buying trends? For a closer look at stocks currently favored by smart money institutional investors, we ran a screen. We began by screening for US-traded stocks from the BRIC countries (Brazil, Russia, India, and China), which represent the major emerging markets. We screened these stocks for those that appear undervalued relative to earnings growth, with PEG below 1. We then screened these names for those with bullish sentiment from institutional investors, with significant net institutional purchases over the last quarter representing at least 5% of share float. This indicates that institutional investors such as hedge fund managers and mutual fund managers expect these names to outperform.
Interactive Chart: Press Play to compare changes in market cap over the last two years for the stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.
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