Five Foreign Stocks To Consider Now

US equity markets have had a splendid return so far this year. Relative to the performance of American stocks, some foreign markets are performing not great. For example, Chile is down about 14% suddenly when protests erupted in that emerging market a few weeks ago. However this type of reaction can lead to wonderful opportunities for long-term investors.

That said, below are five foreign stocks to consider adding at current levels:

1.Company: Banco de Chile (BCH)
Current Dividend Yield: 5.17%
Sector:Banking
Country: Chile

From a 53-week high of about $33, the stock plunged to a 52-week low of $20.39 on Friday. Though political risk in emerging markets can be high, Chile is an exception and current fears may be overblown. The stock boasts a high dividend yield and should be higher in 5 years from current levels.

2.Company: Ecopetrol SA (EC)
Current Dividend Yield: 7.89%
Sector:Oil
Country: Colombia

The oil and gas sector is one of the most hated sectors right now. One smart way to accumulate stocks is to identify the stocks that nobody likes and then consider them for addition. In this case, Ecopetrol should perform well when oil prices recover and investors’ re-evaluate this sector.

3.Company: Equinor ASA (EQNR)
Current Dividend Yield: 5.45%

Sector:Oil
Country: Norway

Norway’s premier oil producer used to be called Statoil.

4.Company: Veoneer Inc (VNE)
Current Dividend Yield: N/A
Sector:Auto Parts
Country: Sweden

Veoneer is a spin-off from Autoliv(ALV) and has excellent prospects in car automation and mobile technologies.

5.Company: Sasol (SSL)
Current Dividend Yield: 5.24%
Sector: Oil & Gas Producers

Country: South Africa

Note: Dividend yields noted above are as of Nov 29, 2019. Data is known to be accurate from sources used.Please use your own due diligence before making any investment decisions.

Disclosure: Long BCH, EC, VNE, ALV

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