Now that President Javier Milei has won the midterm elections, Argentinian stocks are skyrocketing in pre-market trading. Argentinian stocks trading as ADRs on the U.S. stock exchanges are rising precipitously on hopes of a drastically improved economic situation in Argentina.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Milei has been promoting a deep overhaul of the Argentinian economy, which has been in the doldrums for decades. His midterm sweep gives hope that he will be able to continue to drive his reforms and win the presidential reelection in two years’ time.
Furthermore, President Trump promised to give Argentina $40B in a financial bailout, but on condition that Milei would win the midterms. Now, broad hope is encompassing the nation and investors with the belief that the Argentinian economy and its stocks will rise in value.
Argentinian Stocks to Watch
Which Argentinian stocks are most likely to rise under President Milei’s economic reforms? Here is a list of major Argentinian stocks to watch:
Pampa Energia SA (PAM) – An integrated energy company that’s also involved in gas and oil exploration
YPF Sociedad Anonima (YPF) – An energy company that engages in oil and gas upstream and downstream activities in Argentina
Grupo Financiero Galicia SA (GGAL) – A financial services holding company that provides various financial products and services to individuals and companies in Argentina
Banco Macro SA (BMA) – A provider of various banking products and services to retail and corporate customers in Argentina
Transportadora De Gas Sa Ord B (TGS) – A transporter of natural gas, production, and commercialization of natural gas liquids in Argentina
Follow all Pre-Market Gainers on Tipranks