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On Monday, shares of the Herzfeld Caribbean Basin Fund (CUBA - Free Report) rallied 18% in pre-market trading (the fund has come down slightly, and is currently up around 11% to $7.02 as of 11:00 AM EST) as a result of Fidel Castro’s death over the weekend.
The fund’s pre-market volume of roughly 167,000 shares was already six times its normal full-day average.
CUBA invests in companies that are set to benefit from a more open Cuban and Caribbean Basin economic and political climate. Its holdings include Mastec Inc. (MTZ - Free Report) , Nextera Energy (NEE - Free Report) , Copa Holdings (CPA - Free Report) , Royal Caribbean (RCL - Free Report) , Carnival Corp. (CCL - Free Report) , and Norwegian Cruise (NCLH - Free Report) .
Cuban dictator Fidel Castro died on Friday at 90 years old, ruling Cuba for nearly half a century. The government in Havana announced nine days of national mourning in the wake of Castro’s passing.
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After Fidel Castro Dies, 'CUBA' Fund Up 18%
On Monday, shares of the Herzfeld Caribbean Basin Fund (CUBA - Free Report) rallied 18% in pre-market trading (the fund has come down slightly, and is currently up around 11% to $7.02 as of 11:00 AM EST) as a result of Fidel Castro’s death over the weekend.
The fund’s pre-market volume of roughly 167,000 shares was already six times its normal full-day average.
HERZFELD CARIBB Price and Consensus
HERZFELD CARIBB Price and Consensus | HERZFELD CARIBB Quote
CUBA invests in companies that are set to benefit from a more open Cuban and Caribbean Basin economic and political climate. Its holdings include Mastec Inc. (MTZ - Free Report) , Nextera Energy (NEE - Free Report) , Copa Holdings (CPA - Free Report) , Royal Caribbean (RCL - Free Report) , Carnival Corp. (CCL - Free Report) , and Norwegian Cruise (NCLH - Free Report) .
Cuban dictator Fidel Castro died on Friday at 90 years old, ruling Cuba for nearly half a century. The government in Havana announced nine days of national mourning in the wake of Castro’s passing.
Stocks that Aren't in the News…Yet
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015, with a stellar average gain of +26% per year. See these high-potential stocks now >>