The article highlights three emerging market stocks with potential growth: NIO Inc., MercadoLibre Inc., and Telecom Argentina, which offer opportunities in electric vehicles, e-commerce, and telecommunications sectors across Asia and South America.

The UN Food and Agriculture Organization's food price index remained unchanged in June, as increases in vegetable oil, sugar, and dairy prices were balanced by a decline in cereal prices. The report also forecasted a new all-time high for global cereal production in 2024.

Does Telecom Argentina (TEO) have what it takes to be a top stock pick for momentum investors? Let's find out.

Here is how NRG Energy (NRG) and Telecom Argentina (TEO) have performed compared to their sector so far this year.

Argentina’s inflation rate was around 200% in 2023, according to Reuters. Food prices in particular rose much faster than anticipated, making it hard for everyday citizens to afford basic staples like meat and vegetables.  For many Argentines, this will not be their first battle with hyperinflation. In the '90s, Argentina experienced inflation that reached more than 2,000% annually, according to the International Monetary Fund.  Last November, Argentine citizens elected political outsider Javier Milei as the country’s new president in a run-off election. Milei, who has a background as an economics professor, ran his campaign on bringing inflation down. His message ...Full story available on Benzinga.com

Javier Milei was sworn in as Argentina's new president on Sunday, with a promise of radical change for the nation’s troubled economic landscape. With inflation soaring more than 140%, and amidst a backdrop of relentless economic and political turmoil, Milei’s inaugural address was nothing short of disruptive, signaling a deep rupture with the immediate and historical precedents. Acknowledging the hyperinflationary crisis he inherited, Milei painted a grim picture, projecting potential inflation rates reaching a staggering 15,000%, as local news outlet La Nacion revealed. Despite enduring 12 years of stagflation, the ultra-libertarian president offered a glimmer of hope, assuring the public the catastrophe would only persist for a few more months due to his stringent fiscal policies. “There is light at the end of the tunnel,” he enthused, emphasizing that this time the focus would be on cutting government spending rather than increasing revenues. Manuel Adorni, the presidential spokesperson, ...Full story available on Benzinga.com

Shares of Anavex Life Sciences Corp. (NASDAQ: AVXL) moved lower during Monday’s session after the company reported fourth-quarter financial results. The company posted a quarterly net loss of $10.1 million, inclusive of $3.2 million in non-cash items, or 12 cents per share for the fourth quarter, versus a year-ago net loss of $14.3 million, inclusive of $6.0 million in non-cash items, or 18 cents per share for the year-ago period. Anavex Life Sciences shares fell 10% to $6.35 on Monday. Here are some other stocks moving in today's mid-day session. Gainers RedHill Biopharma Ltd. (NASDAQ: RDHL) shares climbed 125% to $0.7063 after the company announced the FDA has granted five years' market exclusivity for Talicia. Biodexa Pharmaceuticals Plc (NASDAQ: BDRX) gained 122.8% to $5.96 after the company announced it entered into agreements to acquire an exclusive worldwide license to tolimidone. Tharimmune, Inc. (NASDAQ: THAR) shares climbed 48.6% to $4.28 after the company reported Phase 1 data on TH104 for chronic pruritis in primary biliary cholangitis. Asset Entities Inc. (NASDAQ: ASST) gained 34% to $0.4703 after the company announced a stock repurchase program. Captivision Inc. (NASDAQ: CAPT) rose 20.1% to $2.81 after surging 44% on Friday. Perfect Corp. (NYSE: PERF) climbed 19.7% to $2.9944. The company on Monday announced ...

U.S. stocks traded mostly lower, with the Dow Jones falling around 50 points on Monday. Shares of Ituran Location and Control Ltd. (NASDAQ: ITRN) gained during Monday’s session after the company reported third-quarter financial results. The company posted quarterly earnings of 63 cents per share, up from 49 cents per share in the year-ago period. The company’s quarterly sales rose 12% to $81.05 million. Ituran Location and Control shares gained 11.3% to $27.69 on Monday. Here are some other big stocks recording gains in today’s session. Affirm Holdings, Inc. (NASDAQ: AFRM) surged 13.7% to $29.82 following reports of record 'buy now, pay ...

U.S. stocks traded lower, with the Dow Jones falling around 90 points on Tuesday. Shares of Agilent Technologies, Inc. (NYSE: A) jumped during Tuesday’s session after the company reported better-than-expected fourth-quarter financial results. Agilent reported quarterly earnings of $1.38 per share, surpassing the analyst consensus estimate of $1.35. The company reported quarterly sales of $1.69 billion, which beat analyst expectations of $1.68 billion, according to data from Benzinga Pro. Agilent said it sees full-year 2024 earnings between $5.44 and $5.55 per share, versus the $5.61 estimate. The company expects full-year revenue between $6.71 billion and $6.81 billion, versus the $6.98 billion estimate. Agilent Technologies jumped 8.3% to $123.43 on Tuesday. Here are some other big stocks recording gains in today’s session. Symbotic Inc. ...

Shares of ReNew Energy Global Plc (NASDAQ: RNW) gained during Monday’s session following strong quarterly sales. ReNew Energy Global posted quarterly sales of $345.00 million, topping market estimates of $258.41 million. ReNew Energy raised its FY24 adjusted EBITDA guidance to INR 62 billion - INR 66 billion. ReNew Energy Global gained 13.6% to $6.74 on Monday. Here are some other stocks moving in today's mid-day session. Gainers Bruush Oral Care Inc. (NASDAQ: BRSH) shares jumped 147.2% to $0.4179. Brüush received Nasdaq notification regarding minimum bid requirements. Cuentas Inc. (NASDAQ: CUEN) shares gained 59% to $1.5098 after reporting a narrower quarterly loss. Altamira Therapeutics Ltd. (NASDAQ: CYTO) jumped 52% to $0.4280. Altamira Therapeutics recently entered into a binding agreement for the sale of a 51% stake in its subsidiary Altamira Medica AG. Cardio Diagnostics Holdings, Inc. (NASDAQ: CDIO) gained 41.4% to $1.4000. Cardio Diagnostics Holdings announced the publication of its study in the Journal of the American Heart Association (JAHA), an official journal of the American Heart Association. YPF Sociedad Anónima (NYSE: YPF) shares climbed 40.8% to $15.11. Javier Milei‘s victory in Argentina’s presidential election sparked a rally in Argentine ADRs trading on major U.S. stock exchanges. GD Culture Group Limited (NASDAQ: GDC) rose 26.8% to $4.3074. GD Culture Group unveiled its transformative and photorealistic AI-driven digital human technology on TikTok. Blue Star Foods Corp. (NASDAQ: BSFC) shares gained 26.8% to $0.1752 after jumping 18% on Friday. Blue Star Foods recently signed a 2-year bid award purchase agreement with Sysco Corporation. MIRA Pharmaceuticals, Inc. (NASDAQ: MIRA) gained 25.3% to $4.2729. MIRA Pharmaceuticals announced exclusive licensing agreement for oral ketamine analog, Ketamir-2. Grupo Financiero Galicia S.A. (NASDAQ: GGAL) rose 25% to $15.63 after gaining 5% on Friday. Transportadora de Gas del Sur S.A. (NYSE: TGS) shares climbed 23.1% to $12.88 after gaining over 4% on Friday. Central Puerto S.A. (NYSE: CEPU) climbed 23.1% to $7.58. Pampa Energía S.A. (NYSE: PAM) gained 23% to $45.60. Transportadora de Gas del Sur S.A. (NYSE: TGS) rose 22.6% to $12.82 after ...

U.S. stock futures traded slightly higher this morning on Monday, with the Dow Jones futures gaining around 15 points this morning. Here are some big stocks recording gains in today’s pre-market trading session. YPF Sociedad Anónima (NYSE: YPF) shares jumped 12.8% to $12.11 in pre-market trading after gaining 5% on Friday. Pampa Energía S.A. (NYSE: PAM) gained 12.4% to $41.66 in pre-market trading. Transportadora de Gas del Sur S.A. (NYSE: TGS) shares climbed 12.2% to $11.76 in pre-market trading after gaining over 4% on Friday. Grupo Financiero Galicia S.A. ...

The most overbought stocks in the communication services sector presents an opportunity to go short on these overvalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70. Here’s the latest list of major overbought players in this sector. Telecom Argentina S.A. (NYSE: TEO) Telecom Argentina reported a net income of P$39,407 million for the six month period ended ...