How to play Turkey’s political and macro pain

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Turkey ( TUR , quote ) is going through a painful combo of political and macro uncertainty as Erdogan stokes opposition and current account fears are exacerbated in rising global rate environment.

sube_2 Turkey may also be one of the great emerging market outperformers in 2014 as the external factors are overstated and the domestic issues must be solved.

Garanti Bank ( TKGBY , quote ) is one of the best run banks in the world and bellwether of this market.

After a tremendous beating, Garanti back near levels where you should pick your spots.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , International , Stocks

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