Tap global growth with these leading ADRs

Article Excerpt

An American Depositary Receipt, or ADR, is a certificate held by a designated U.S. bank and representing a foreign stock that trades on a foreign exchange. ADRs can help you simplify investing in the global stock market by letting you buy foreign shares on U.S. exchanges without the complications of buying or selling on a foreign exchange, in a foreign currency. Over the years, we’ve recommended several ADRs, including the four we analyze below. Each is a well-established company that has an advantage over similar U.S. firms. We like their long-term outlook, and see three as suitable for new buying. BHP GROUP LTD. (ADR) $58 (New York symbol BHP; Conservative Growth Portfolio, Resources sector; ADRs outstanding: 1.6 billion; Market cap: $92.8 billion; Price-to-sales ratio: 3.3; Dividend yield: 4.1%; TSINetwork Rating: Average; www.bhp.com) is a leading producer of iron ore, oil and natural gas, copper and coal. It operates in Australia, the U.S., U.K., Chile and South Africa. BHP will spend $8 billion annually on projects and…

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