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Roth MKM analysts updated their top ideas within their ADR universe.
ADRs are U.S. dollar certificates that trade on American stock exchanges tracking the price of a foreign company’s domestic shares.
Analysts are overweight Argentinian stocks (NYSEARCA:ARGT) at the country level, and health care (IXJ) at the sector level.
These are the additions:
Within communication services (IXP): Hello Group Inc. (MOMO), KT Corp. (KT) and Vodafone Group Public (VOD).
Within consumer discretionary (RXI): Atour Lifestyle Holdings (ATAT), 51Talk Online Education Group (COE) and Sony Group Corp. (SONY)
Within consumer staples (KXI): Cresud Sociedad Anonima Comercial, Inmobiliaria, Financiera Agropecuaria (CRESY)
Within energy (IXC): Transportadora de Gas del Sur SA (TGS), and YPF Sociedad Anónima (YPF)
Within financials (IXG): Qifu Technology (QFIN), and Grupo Financiero Galicia SA (GGAL)
Within health care (IXJ): argenx SE (ARGX), BeiGene Ltd. (BGNE), BrainsWay Ltd. (BWAY), Centessa Pharmaceuticals Plc (CNTA), Mereo BioPharma Group Plc (MREO), and Verona Pharma Plc (VRNA)
Within technology (AIQ): VNET Group Inc. (VNET)
Within materials (MXI): Loma Negra Compania Industrial Argentina SA (LOMA)
Within real estate (RWO): IRSA Inversiones y Representaciones SA (IRS)
Within utilities (JXI): National Grid Plc (NGG), and Pampa Energia SA (PAM)