Unless you don't watch TV, don't read newspapers, or don't see news on the Internet, you have seen headlines about Russia and Ukraine on a daily basis. Last week, I wrote about Ukraine stocks. Now I'll cover some of the stocks of Russia.
Russian stocks may be considered another contrarian play, as during the last two years, the Market Vectors Russia ETF dropped around 30%, grossly underperforming the S & P 500 which is up almost 40% over the same period of time.
has the world's largest reserves of mineral resources and energy
resources. It also has the world's largest forest reserves. Of all
the major economies, it has one of the lowest foreign debts. In
addition, it has the fourth largest amount of farmland in the world, the
world's largest natural gas reserves, the second largest coal reserves
in the world, the the eighth largest oil reserves in the world, and is
the fifth largest renewable energy producer in the world.
The following are some of the companies that are based in Russia that trade in the United States, that were turned up by WallStreetNewsNetwork.com.
VimpelCom (VIP) is a wireless telecommunications services company
that operates in Russia, Ukraine, Kazakhstan, Uzbekistan, and
Tajikistan. The stock has a P/E of 7.4, a forward PE of 7.6, and a yield of 9%. Revenues for the latest quarter were down 6.7%.
Telesystems OJSC (MBT) is a provider of cellular telecommunications
services in Russia, Ukraine, Uzbekistan, and Turkmenistan. The stock trades at six times earnings, ana pays a yield of 1.8%.
OAO (MTL) is a mining and steel production company. The company recently generated negative earnings.
You can find a free list of ten Russian stocks that trade in the US at WallStreetNewsNetwork.com, which can be downloaded, sorted, and updated.
Dislcosure: Author did not own any of the above at the time the article was written.