Bear of the Day: Banco de Chile (BCH)

When global markets get selective, foreign financials are often the first place investors start trimming exposure. You get that double-edged sword of equity risk and currency risk. Risk-off typically means dollar strength, which is no good for foreign stocks. Today’s Bear of the Day has avoided these pitfalls for now. However, the near-term setup is far less compelling than it looks on the surface.Today’s Bear of the Day is Zacks Rank #5 (Strong Sell) Banco De Chile ((BCH). Banco De Chile, as the name impli ...