Buy S. Korean Tech Companies on a Pullback: Strategist
North Korea’s attack on an island in South Korea contributed to global jitters and a triple-digit decline in the Dow Jones Industrial Average Tuesday morning. Despite the geopolitical risks, Tim Seymour, founder of EmergingMoney.com and a regular host on CNBC's "Fast Money," said South Korea remains a very interesting market for investors.
"If you see anymore meaningful pullback from here, companies like Samsung…are fantastic to buy on any weakness, and maybe Posco is another place to buy discount and value here," Seymour advised.
While he recommends scooping up South Korean electronics on a pullback, he advises investors to avoid South Korean bank stocks until the skirmish dies down.
South Korean Tech
S K Telecom
South Korean Banks
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Disclosure information was not available for Tim Seymour or his company.