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Brexit Vote Approaches: Top Stock and ETF to Watch
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This week, the ‘Brexit’ (Great Britain possibly leaving the European Union) looks to dominate market headlines. The country has see-sawed back-and-forth between polls showing the country likely to leave, and others saying that the country would probably stay (see Market Fears Brexit: Volatility ETFs Take Full Advantage).
It now appears as though sentiment is shifting and that voters are likely to keep Britain in the EU and we have seen a market rally to start the week as a result. However, recent polls still suggest that it will be close, and we aren’t out of the woods just yet. Either way, what are the most impacted investments by this looming decision?
What to Watch
Well, in this week’s video, we take a look at an ETF and a stock which could be greatly impacted by the results of the coming vote, and have been on the move in recent sessions too.
For ETFs, the iShares British ETF (EWU - Free Report) should be on investors’ radar as it is a good barometer of how the British market at-large is trading. Plus, its sector breakdown—which we discuss in the video—makes the Brexit vote even more important (See British ETF in Focus on Brexit Talks).
Stock
And for stocks, a host of financial institutions are on the move, but Ryanair Holdings (RYAAY - Free Report) looks to be under the microscope more than most. While the company is based outside of Great Britain, it does over a third of its traffic in the UK market and will be paying close attention to the vote as a result (see 5 British Stocks to Watch as Brexit Vote Looms).
The company’s CEO had called the EU the ‘Evil Empire’ in years’ past, but apparently has changed his tune including putting ‘vote remain’ signage on Ryanair planes. Clearly, RYAAY is feeling the benefits of being in the ‘empire’ and is looking to stay in the bloc to keep people moving easily between the UK and the rest of Europe. We take a closer look at RYAAY’s recent trading activity and how this company could move based on the vote.
Bottom Line
Watch our short video for a more in-depth discussion of these investments and a closer look at the charts for both. And make sure to subscribe to our YouTube channel for all the latest videos to help with your investing strategy.
And for more on the Brexit, make sure to check out some of our recent articles on the topic below:
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Eric is long EWU calls
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Brexit Vote Approaches: Top Stock and ETF to Watch
This week, the ‘Brexit’ (Great Britain possibly leaving the European Union) looks to dominate market headlines. The country has see-sawed back-and-forth between polls showing the country likely to leave, and others saying that the country would probably stay (see Market Fears Brexit: Volatility ETFs Take Full Advantage).
It now appears as though sentiment is shifting and that voters are likely to keep Britain in the EU and we have seen a market rally to start the week as a result. However, recent polls still suggest that it will be close, and we aren’t out of the woods just yet. Either way, what are the most impacted investments by this looming decision?
What to Watch
Well, in this week’s video, we take a look at an ETF and a stock which could be greatly impacted by the results of the coming vote, and have been on the move in recent sessions too.
For ETFs, the iShares British ETF (EWU - Free Report) should be on investors’ radar as it is a good barometer of how the British market at-large is trading. Plus, its sector breakdown—which we discuss in the video—makes the Brexit vote even more important (See British ETF in Focus on Brexit Talks).
Stock
And for stocks, a host of financial institutions are on the move, but Ryanair Holdings (RYAAY - Free Report) looks to be under the microscope more than most. While the company is based outside of Great Britain, it does over a third of its traffic in the UK market and will be paying close attention to the vote as a result (see 5 British Stocks to Watch as Brexit Vote Looms).
The company’s CEO had called the EU the ‘Evil Empire’ in years’ past, but apparently has changed his tune including putting ‘vote remain’ signage on Ryanair planes. Clearly, RYAAY is feeling the benefits of being in the ‘empire’ and is looking to stay in the bloc to keep people moving easily between the UK and the rest of Europe. We take a closer look at RYAAY’s recent trading activity and how this company could move based on the vote.
Bottom Line
Watch our short video for a more in-depth discussion of these investments and a closer look at the charts for both. And make sure to subscribe to our YouTube channel for all the latest videos to help with your investing strategy.
And for more on the Brexit, make sure to check out some of our recent articles on the topic below:
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Eric is long EWU calls