![]()
- What's Kept Stock Rally Going? Fear, Not Confidence
- Fed to Keep Rates Low Despite Dollar's Fall: Bernanke
- Buffett's Berkshire Hathaway Boosts Wal-Mart Stake
- Millions Could Have to Repay Part of Obama's Tax Credit
- Hollywood Turns to Porn as Unemployment Rises
- Slideshow: US Cities With Most Underwater Mortgages
- Stanford Receiver to Release Funds Of Frozen Acounts
- Gold Is in a 'Bubble' And Will Keep Going Higher: Gartman
- Diamonds: The Next Big Bubble to Burst?
- Nov. 16: Unusual Volume Leaders
- Getting To The Heart Of The Merck-Abbott Embargo Break
- What MGM's Sale Could Say About Value of Content
- My Ratings on Lowe's & Home Depot: Analyst
- S&P Stocks Trading at New 52-Week Highs
- Snoop Dogg Talks Biz
- Paulson Funds Report Q3 Performance
- Warren Buffett's Berkshire Portfolio Snapshot Coming Later Today
- 'Blood and Business Don't Mix' — A Family Business Survival Guide
MOST SHARED
- Has Twitter's Finest Hours (Seconds) Come and Gone?
- Fed Likely to Keep Rates Low Despite Dollar's Fall: Bernanke
- U.S. May Wind Up Green With Envy
- Underwater Mortgages Could Sink Even Deeper
- Bernanke Offers Something For Everyone
- Stocks Overvalued, Recession Will Return: Meredith Whitney
- Millions May Have to Repay Part of Obama Tax Credit
- U.S. Cities With The Most Underwater Mortgages
- What's Kept the Rally Going? Investor Fear, Not Confidence
- Hollywood Turns to Porn as Unemployment Rises
Taking a look at emerging markets such as Brazil and developing economies in Asia, but also at stocks that have not yet roused investors' interest such as Japanese companies could offer fresh buying opportunities, as there still are plenty of good shares around, Charlie Morris, manager of global trend fund at HSBC, told "Worldwide Exchange" on Wednesday.
"One third of all the stocks around the world, in the $1 billion cap universe and others are in an uptrend here and now and people are very, very bearish…The point is that there's plenty of stuff out there that you can own," Morris said.
Although the financial sector remains the hardest hit by the ongoing credit crunch, there is still value to be found in it, specifically in emerging market financials, he added.
But the troubles in the banking sector are spreading to other areas, notably the insurance market, with companies like AIG [AIG
Loading...
()
] taking a knock.
Morris mentions Banco Bradesco in Brazil and Japanese banking stocks as attractive investments.
Japanese real estate and domestic retailers are also areas of interest and he also likes Taiwanese exporters.
"The most compelling thing about Japan is the value case... The trends aren't particularly good, but none the less, when you look through that, you can see that a bull market has got to come because it is the most under-owned area in the whole world," Morris said.
Another company which Morris sees as an attractive investment is Australian pharmaceutical CSL.
Other areas of strength are energy, materials, industrials and transport, he said.
"In energy, most of the stocks are now very extended from trend. So we have got to look for two other areas that are a little bit further behind. I think probably the integrators still have a lot of value here and now at those levels," he said.
And finally, if investing in the technology sector, Morris suggests staying away from the semi conductor companies and looking at software companies like BMC [BMC
Loading...
()
] and Oracle [ORCL
Loading...
()
] .
- Where, what, how.
- CNBC's Jim Goldman asks: Has the sun begun to set on Twitter? Data suggests its best days are over.
- Everyone wanted a piece of Madoff's "Bullship"--the famous buoy sold for $7,500 at auction. You won't believe these prices.
- De Loach Vineyards is selling its pinot noir the old fashioned way, helping to cut energy and transportation costs.
- Why are the Chinese concerned about the progress of U.S. health care legislation?
- CNBC's Maria Bartiromo talks to rapper Snoop Dogg about brand identity in both business and music.













