GREK: Book Profits On This European Stalwart (Rating Downgrade)

May 22, 2025 10:30 PM ETGlobal X MSCI Greece ETF (GREK)GREK
(6min)

Summary

  • Downgrading GREK to 'Hold' after a 60% rally, as technicals signal overbought conditions and resistance near the mid-$50s.
  • Valuation remains attractive with a P/E just above 8x and a 6.2% yield, but upside is now more limited.
  • Portfolio risk is elevated due to high concentration in SMID caps and financials, plus weak summer seasonality ahead.
  • Despite strong momentum, risk/reward is now mixed; I recommend waiting for a correction before adding exposure.

Portrait of a Chinese Woman in Santorini, Greece

SW Photography/DigitalVision via Getty Images

Greece's stock market continues to be a hotbed of bullish activity. The once left-for-dead country from a financial point of view has outpaced all other of the 44 country ETFs Seeking Alpha tracks. Only Argentina (

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