Author: Romeo Alvarez

Romeo Alvarez is a senior equity analyst at William O’Neil + Co., a registered investment advisor serving 400 top-performing institutional portfolio managers worldwide. The firm employs 150 associates in Los Angeles, New York, Boston, and London. Based in the firm’s Los Angeles office, Mr. Alvarez is a senior equity analyst covering the Americas region and a member of the Global Focus List Committee, which approves all equity recommendations for developed, emerging, and frontier markets. Romeo also selects equity initiations to be covered in the Technology sector and regularly reports to clients on innovation and technology developments in Trend Watch. Mr. Alvarez earned a B.S. in Business Economics from the University of California, Riverside, and an MBA with a focus in Finance from Loyola Marymount University, Los Angeles.

LATAM Weekly Summary

Posted on by Romeo Alvarez

Key points from this week’s report:

Please refer to the attached PDF for the full report.

 

 

  • Brazil’s Bovespa index declined 3.6% last week and breached support along its 50-DMA. The index remains in an Uptrend Under Pressure with seven distribution days. We recommend investors selectively add risk in Brazilian equities.
  • Mexico’s main benchmark declined 2.4% last week and continues to trade below its 50-DMA. The index was downgraded to a Downtrend from an Uptrend Under Pressure. We recommend investors avoid adding risk in Mexican equities.
  • Embraer (EA3.BR; EMBR3 BZ) was removed from the Focus List last week, taking the total number of Focus List stocks in the LATAM region to three.
  • Stocks of interest: Promotora y Operadora de Infraestructura (TRC.MX; PINFRA* MM), Grupo Comercial Chedraui (CHD.MX; CHDRAUIB MM), Gentera (CSV.MX; GENTERA* MM), Megacable (MGA.MX; MEGACPO MM) and Cia. De Saneamento de Minas Gerais (CD3.BR; CSMG3 BZ). Additional ideas are listed on page 2.

O’Neil TMT Weekly

Posted on by Romeo Alvarez

Software (IGV): The software benchmark declined ~3%, it breached its 21-DMA ($108) followed by the next level of support at the
rising 50-DMA ($104). Overall, the IGV is 4% off highs from a 29-week consolidation. Quantitative metrics have turned mixed over the
last week, with Acc/Dist Rating turning negative and Up/Down Volume ratio at 1. Most ideas have pulled back but only a few remain
near pivot including BSY and CDNS. We recommend that investors focus on ideas with a rising RS line that are holding above key
moving averages.

O’Neil Global Cryptocurrency Weekly

Posted on by Romeo Alvarez

Commentary: The crypto market remains in an uptrend. GBTC has gained 4% so far this week and is breaking out of a stage-four flat base
with a pivot of $88.36. Support levels: 21-DMA ($84.91), followed by its 50-DMA ($83). GBTC has a strong RS Rating of 93 and an Acc/Dist
Rating of B-. We recommend adding risk in Bitcoin and the crypto ecosystem.

LATAM Weekly Summary

Posted on by Romeo Alvarez

Key points from this week’s report:

Please refer to the attached PDF for the full report.

 

Brazil’s Bovespa index rose 3.2% last week and hit a new 52-week high. The index was shifted to a Confirmed Uptrend from an Uptrend Under Pressure. We recommend investors add risk in Brazilian equities

O’Neil TMT Weekly

Posted on by Romeo Alvarez

Software (IGV): The software benchmark jumped 3% last week to an all-time high and broke out of a stage-two consolidation base.
Quantitative metrics remain constructive over the last week, with Up/Down Volume ratio above 1 and a positive Acc/Dist Rating, indicating
accumulation. Ideas that are either setting up or in the actionable range include ADSK, CDNS, DDOG, NOW, PANW, and PEGA. We
recommend that investors focus on ideas with a rising RS line that are holding above key moving averages.

O’Neil Global Cryptocurrency Weekly

Posted on by Romeo Alvarez

Commentary: The crypto market remains in an uptrend. GBTC has gained 3% this week and is forming a stage-four cup base with a pivot of
$88.36. Support levels: 21-DMA ($83.83), followed by the 50-DMA ($81.70). GBTC has a strong RS Rating of 93 and an average Acc/Dist
Rating of C+. We recommend investors add risk in Bitcoin and the crypto ecosystem.

LATAM Weekly Summary

Posted on by Romeo Alvarez

Key points from this week’s report:

Please refer to the attached PDF for the full report.

 

  • Brazil’s Bovespa index declined 0.2% last week and is testing support at its 50-DMA. It remains in an Uptrend Under Pressure with five distribution days. We recommend investors selectively add risk in Brazilian equities.
  • Mexico’s main benchmark gained 2.0% last week, and is trading 4% off highs. The index remains in an Uptrend Under Pressure with five distribution days. We recommend investors selectively add risk in Mexican equities.
  • The total number of Focus List stocks in the LATAM region remains at four. Embraer (EA3.BR; EMBR3 BZ) and Inter & Co. (IP9.BR; INBR32 BZ) are actionable. MercadoLibre (MELI) is attempting to break out of a flat base.

Stocks of interest: Rede Dor Sao Luiz (RD2.BR; RDOR3 BZ), Azzas 2154 (ARZ.BR; AZZA3 BZ), Nu Holdings (NH3.BR; ROXO34 BZ), B3 (BMF.BR; B3SA3 BZ), Smartfit (SED.BR; SMFT3 BZ), Totvs (TOT.BR; TOTS3 BZ), Chedraui (CHD.MX; CHDRAUIB MM) and Grupo Aeroportuario del Pacifico (GAP.MX; GAPB MM). Additional ideas are listed in page 2

O’Neil TMT Weekly

Posted on by Romeo Alvarez

Software (IGV): The software benchmark rose 2.5% last week and is 2% above its pivot of a stage-one cup-with-handle base. It is 3% off
highs, with support at its rising 10-DMA (-1%). Quantitative metrics remained constructive over the last week, with Up/Down Volume ratio
remaining above 1 and a positive Acc/Dist Rating, indicating accumulation. Ideas that are either setting up or in the actionable range include MNDY, NOW, PANW, PEGA, and QTWO. We recommend that investors focus on ideas with a rising RS line and those that are holding above key moving averages.

O’Neil Global Cryptocurrency Weekly

Posted on by Romeo Alvarez

Commentary: The crypto market remains in an uptrend. GBTC gained 4% this week and reclaimed its 21-DMA. Support levels: 50-DMA ($80), followed by the 100-DMA ($74.8). GBTC has a strong RS Rating of 92 and an Acc/Dist Rating of C. The index recently broke out of its stage-one cup base (pivot; $86.1). We recommend adding risk in Bitcoin and the crypto ecosystem.

LATAM Weekly Summary

Posted on by Romeo Alvarez

Key points from this week’s report:

Please refer to the attached PDF for the full report.

 

  • Brazil’s Bovespa index traded flat and added two distribution days last week. It remains in an Uptrend Under Pressure with seven distribution days. We recommend investors selectively add risk in Brazilian equities.
  • Mexico’s main benchmark declined 2.0% last week and undercut support at the 50-DMA. The index remains in an Uptrend Under Pressure with six distribution days. We recommend investors selectively add risk in Mexican equities.
  • The total number of Focus List stocks in the LATAM region remains at four. Embraer (EA3.BR; EMBR3 BZ; ADR: ERJ) is actionable.
  • Stocks of interest: Banco Bradesco (DC3.BR; BBDC3 BZ), XP (XPB.BR; XPBR31 BZ), Banco BTG Pactual (BPC.BR; BPAC11 BZ), Cia. de Saneamento de Minas Gerais (CD3.BR; CSMG3 BZ), Smartfit (SED.BR; SMFT3 BZ) and Regional (GFR.MX; RA MM). Additional ideas are listed in page 2.