Is India the Best Emerging Market to Invest in for 2026?

**SPEAKER_1** (0:01)
This is Invest Talk, from KPP Financial, helping investors make sense of the markets one day at a time. Here's your host, Justin Klein.

**Justin Klein** (0:16)
Good afternoon, fellow investors, and welcome back to another edition of Invest Talk. This is our Thursday, July 9th, 2026 edition, and a lot to discuss on today's show. A very up and down market, a very choppy market, especially over the past couple of months.
And you can even go back all the way to the fall and say, the market's been vacillating up and down. You get sell-offs like you did in the end of the first quarter, you get the rally that started most of, and was sustained through most of the second quarter. And then we have the most recent weakness over the past month.
And a lot of this has to do with changing expectations around what's going on in the AI sector, or space in general, because it's not just one sector, it kind of spans multiple sectors, as well as Fed policy, government spending, economic growth. All of this is feeding into the trends we're seeing right now. So we're going to look at all of this and much, much more on today's show. Most importantly will be your live calls. That's what this show is built on. That's what sustains this show is really hearing from you. This show is not about me. It's about you. I know I'm the one talking or Luke's the one talking, but we're just a couple of professionals. We do this every day. So we have a lot to bring to the table, but so do you. And that is your thoughts, your questions. So whatever is on your mind, don't hesitate to reach out. And we're going to answer them. We're going to give you actionable data so that you can, and perspective so you can bring it back to your own personal situation and make better decisions with your money. Now, a quick reminder, Casey missed it, our latest wealth webinar, Beyond the Yield, How to Invest for Your Income Needs is posted over on our YouTube channel. So go check that out for free. Now in just a bit, we'll talk about today's market performance and run down the show topics for the hour. But as usual, we'll tackle this first caller question now.

**SPEAKER_3** (2:24)
Hi, I just had a quick question about Rambus or MBS. Wanted to see what your take is on that stock.

**SPEAKER_4** (2:33)
Thank you very much.

**SPEAKER_3** (2:34)
Love your show.

**Justin Klein** (2:35)
All right, looking at Rambus, RMBS. This is a name that always brings back memories for me because it's been around a long time. It's been a public company for a long time. They go all the way back. 2007 was when it IPO'ed and it started off gangbusters, really all the way through until 2011 It rallied from in the 80s all the way to a high, around 130 and fell off a cliff after that. It's been in a long, long downtrend. Oh, I'm sorry.
I lied. That was a different chart.
Scratch all of that. Scratch all of that. I thought this was 97 is one in one IPO. Yes, this is one of those.com bubble. So I was confused like 90s, 2007 seems too recent. It was 97 is one of one IPO was one of the big stocks during the tech bubble went from an early night or late 99 Actually, it was one of the last stocks to really rally.
It rallied from about $16 all the way to high around $126. Peaked has been a long downtrend ever since until 2018 When it bottomed around six bucks, it's been rallying pretty much ever since. Now we're trading at around $114 and change in a nice uptrend. Let's pull back recently, but the overall trend is higher earnings expectations for this year, $298 and then $374 next year, which beat an all time high. Now what do they do? They develop semiconductor memory architecture. And this is really for data intensive computing systems, focusing on data centers and AI infrastructure. So their business is booming. As you would imagine, revenues up 27% last year, so you have 16% this year, the 20% next year. Their balance sheet net about a billion, nearly a billion and a half in cash in their balance sheets. So very clean on a $12 billion market cap.
Free cash flow about 330 million. Their operating margins right now are 35%, which is the highest it's been in the last decade. It doesn't typically have this level of profitability and that was probably my biggest worry. That has pulled back from a high around 175 Now, like I said, around 114 So kind of had that sentiment reset. Return on equity is good.