'Trading Nation' Traders Weigh In On Emerging Markets

On CNBC's "Trading Nation," Ari Wald of Oppenheimer said the emerging markets are pushing on the door of a breakout. As long as iShares MSCI Emerging Markets ETF EEM is above its support at $52, there is a chance for a breakout in the coming months. Within the ETF, he would be a buyer of China Petroleum & Chemical Corp ADR SNP. He sees a potential move higher, to low to mid $60s.

Nancy Tengler of Laffer Tengler Investments is not bullish on the U.S. dollar and she would rather be in the emerging market currencies. She especially likes iShares MSCI Chile ETF ECH because it's a dominant provider of copper, it has been very effective in vaccinating its population and its financial institutions are stable.

She would also buy iShares China Large-Cap ETF FXI and she likes iShares MSCI Taiwan ETF EWT because of her bullishness on Taiwan Semiconductor Mfg. Co. Ltd. TSM.

Posted In: Ari WaldCNBCNancy TenglerTrading NationEmerging Market ETFsMediaETFs

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.