META - India Stocks Hit High On Modi Landslide Mexican Peso Slips On Election AI Advancements | Benzinga
To gain an edge, this is what you need to know today.
India Opportunity
Please click here for an enlarged chart of India ETF (ARCA: EPI).
Note the following:
- The Arora Report has been sharing with members and readers for 17 years that India represents one of the best opportunities for long term investors.
- The chart shows that Indian stocks are hitting a lifetime high on election results.
- RSI on the chart shows there is more room to run.
- India’s GDP is growing at 8% per year. In comparison, without excessive government spending, the underlying growth rate of the U.S. economy is 2% - 3%.
- Official results of the Indian election will be released tomorrow. The market is rallying on exit polls.
- The exit polls show that Modi’s Bharatiya Janata Party (BJP) along with its alliance members is likely to get a two thirds majority in the 543 member lower house.
- A two thirds majority will allow Modi to push tough reforms.
- India is on track to become the world’s third largest economy.
- Indian stocks saw the highest gain since February 1, 2021.
- The Indian currency, rupee, saw the best single day gain in five months.
- Yields on 10 year Indian bonds fell to the lowest level since April 2022.
- In The Arora Report analysis, foreign money is likely to pour into India.
- India is attracting manufacturing as it moves out of China. For example, production of Apple Inc's (NASDAQ: AAPL) iPhone is accelerating in India.
- The Arora Report's ETF of choice for India is EPI. As full disclosure, buy zones for EPI are in The Arora Report's ZYX Allocation and ZYX Emerging Model Portfolios.
- Small caps and growth stocks provide exceptional opportunities in India. As full disclosure, small cap ETF SMIN and growth leaders ETF GLIN are in The Arora Report's ZYX Emerging. India focused fund FFXDF run by Prem Watsa, known as the Warren Buffett of Canada, is in The Arora Report's ZYX Buy Model Portfolio. There is also a trade around position in FFXDF in The Arora Report's ZYX Buy. A trade around position is a technique used by billionaires and hedge funds that can dramatically increase profits and reduce risks.
- Election results are also out in Mexico. In Mexico, the ruling party is winning a landslide victory.
- Claudia Sheinbaum will become the first female president of Mexico.
- Mexican currency peso is dropping about 2% as of this writing. Mexican stocks are also falling in the early trade.
- The Arora Report's ETF of choice for Mexico is EWW. As full disclosure, the buy zone for EWW is in The Arora Report's ZYX Emerging.
- In both India and Mexico, the ruling parties ...