A couple of Argentinian stocks in the financial sector came up on my screen this time, but they look pretty risky so I’m going to take a half position in each one.
The first one is Banco Macro S.A. (BMA), which I owned once before and I believe I made a little bit of money in. Time to try it again.
The other is IRSA Investments and Representations Inc. (IRS)–you’ve gotta love that stock symbol.
Both companies are way down from previous highs. I’m no expert on the Argentine economy, so I’m sure these are risky picks–that’s why I’m dividing my money between the two, although that’s no guarantee they won’t both tank. Be careful!
And good luck!
I’m liking pharmaceutical company Cambrex Corporation (CBM) today. Going to put the lion’s share of this month’s investment dollars into this one.
I’m also a little intrigued by perfume manufacturer Inter Parfums Inc. (IPAR), but will take a smaller position in this one. (I wish I’d come across it earlier–it’s been having a nice run).
It’s all about the chemistry…