10 Best ADR Stocks to Buy in 2021
Investors in the United States have been steadily pouring money into foreign equities ever since the process was made easier through the introduction of American Depositary Receipt (ADR) in the early part of the twentieth century. According to an estimate by financial expert Arin Ray, the investments into ADRs were increasing at a rate of more than 10% almost a century after they were first introduced, reaching close to $4 trillion by the end of 2010, representing approximately 20% of the total equity holdings in the US.
Ray, part of financial services company Celent, cited the high rates of return and a frenzy for diversification as some of the main reasons behind the popularity of ADRs. Since his research was published, the size and trading activity of ADRs on the stock market has grown dramatically. Chinese companies like Alibaba Group Holding Limited (NYSE: BABA), Baidu, Inc. (NASDAQ: BIDU), and NIO Inc. (NYSE: NIO) now represent an increasin
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Asia dominates on Internet front: US, EU way behind; India minuscule
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Fitch Ratings in its advisory dated 3 June 2021 has underscored the possibility of fierce Internet competition in the coming years. Already, major Chinese internet companies are prioritising investments in 2021. That will âslow their high profit growth for a year or twoâ, it added. It therefore expects the financial performances of the major companies to diverge.
Fitch expects expect growth in EBIT (earnings before Interest and Tax) for Chinese majors âto slow to a mid-single digit in 2021 from 24% in 2020â. The Chinese majors include Alibaba Group Holding Limited (A+/Stable), Tencent Holdings Limited (A+/Stable) and Baidu, Inc. (A/Stable). This will happen even though, âaggregate operating EBIT margin will narrow by four percentage points to 20%â. All these companies will be investing in order to âstrengthen technology and content, support ecosystem partners, and im
Is Alibaba s Stock About To Rally?
Sometimes when stocks fall to support, the tide turns and the stock rallies or rebounds.
This is what happened to shares of
Alibaba Group Holding Limited (NYSE:BABA) when they fell to $211.50 in December. Now it looks like it may happen again.
The stock closed Wednesday at $219.59.
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