Then, UBS said in a report titled "Don't be fooled by the latest Tech rally" on June 6 that hedge funds have already begun selling $20 billion to $30 billion worth of global stocks.
To that end, CNBC Pro screened over 3,330 large and mid-cap global equities that are part of the FTSE All-World ex-U.S. Index and identified the 13 stocks that analysts are most bearish toward.
The table below shows global stocks, covered by at least 10 analysts, with no buy, overweight, or outperform ratings.
Vodafone Idea India-listed Vodafone Idea is the most unloved stock in the above table.
However, unlike Vodafone Idea, the downside risk is mainly given the stock's recent rally toward its all-time high.
Persons:
Morgan Stanley, Wells Fargo's, Ankur Rudra, Rudra, it's, Morgan, Howard Kao, Kao, — CNBC's Michael Bloom
Organizations:
UBS, Tech, CNBC Pro, FTSE, Vodafone Idea, Vodafone, Reliance Jio, IDEA, Acer, FactSet
Locations:
Acer Taiwan