Global Focus Emerging

Global Focus Emerging

LATAM Weekly Summary

Please refer to the attached PDF for the full report.

Brazil’s Bovespa declined 1.0% last week. The index remains in an Uptrend Under Pressure with three distribution days. We recommend clients selectively add risk in Brazilian equities.
Mexico’s benchmark index gained 1.3% last week and was shifted to a Confirmed Uptrend. It currently has two distribution days. We recommend clients add risk in Mexican equities.
The total number of Focus List ideas in the LATAM region remains at eight. Banorte (GTB.MX; GFNORTEO:MM) is forming the right side of a stage-one cup base.
Stocks of interest: Grupo Aeroportuario del Sureste (AUS.MX; ASURB:MM), Qualitas (QCC.MX; Q*:MM), Vibra Energía (PRB.BR; VBBR3:BZ), PetroRio (HRT.BR; PRIO3:BZ), Porto Seguro (PSO.BR; PSSA3:BZ), Inter (IP9.BR; INBR32:BZ) and Gps Part. (GPE.BR; GGPS3:BZ).

Global Focus Emerging

Please refer to the attached PDF for the full report.

Brazil’s Bovespa gained 0.9% last week. The index remains in an Uptrend Under Pressure with three distribution days. We recommend clients selectively add risk in Brazilian equities.
Mexico’s benchmark index gained 1.3% last week as it bounced off support at the 50-DMA. The index remains in an Uptrend Under Pressure with three distribution days. We recommend clients selectively add risk in Mexican equities.
The total number of Focus List ideas in the LATAM region remains at eight. Smartfit (SED.BR; SMFT3:BZ) is attempting to break out of a flat base.
Stocks of interest: Grupo Mexico (GME.MX; GMEXICOB:MM), Banco del Bajio (BJI.MX; BBAJIOO:MM), Cielo (VIS.BR; CIEL3:BZ), Cyrela (3CY.BR; CYRE3:BZ), Porto Seguro (PSO.BR; PSSA3:BZ) and Gps (GPE.BR; GGPS3:BZ).

Global Focus Emerging

Please refer to the attached PDF for the full report.

Brazil’s Bovespa gained 0.2% last week, but hit resistance at the 50-DMA. The index remains in an Uptrend Under Pressure with three distribution days. We recommend clients selectively add risk in Brazilian equities.
Mexico’s benchmark index gained 0.7% last week and reclaimed its 50-DMA. The index remains in an Uptrend Under Pressure with four distribution days. We recommend clients selectively add risk in Mexican equities.
Last week, we removed Globant (GLOB) from the Focus List, reducing the total number of Focus List ideas in the LATAM region to eight. Smartfit (SED.BR; SMFT3:BZ) is actionable.
Stocks of interest: Grupo Mexico (GME.MX; GMEXICOB:MM), Banco del Bajio (BJI.MX; BBAJIOO:MM), Porto Seguro (PSO.BR; PSSA3:BZ), Cyrela (3CY.BR; CYRE3:BZ) and Gps Part. (GPE.BR; GGPS3:BZ).

Global Focus Emerging

Please refer to the attached PDF for the full report.

Brazil’s Bovespa declined 0.3% last week. The index remains in an Uptrend Under Pressure and has three distribution days. We recommend clients selectively add risk in Brazilian equities.
Mexico’s benchmark index rallied 2.4% last week. The index remains in an Uptrend Under Pressure with five distribution days. We recommend clients selectively add risk in Mexican equities.
The total number of Focus List stocks in the LATAM region remains at nine.
Stocks of Interest: Banco do Brasil (IO3.BR; BBAS3:BZ), Cyrela (3CY.BR; CYRE3:BZ), Porto Seguro (PSO.BR; PSSA3:BZ), Inter (IP9.BR; INBR32:BZ), Grupo Mateus (GMO.BR; GMAT3:BZ), Banco del Bajio (BJI.MX; BBAJIOO:MM) and Arca Continental (ARC.MX: AC*:MM). Additional ideas are listed on page 3.

Global Focus Emerging

Please refer to the attached PDF for the full report.

Brazil’s Bovespa declined 1.6% last week. The index remains in a Confirmed Uptrend with three distribution days. We recommend clients add risk in Brazilian equities.
Mexico’s benchmark index declined 1.1% last week. The index remains in an Uptrend Under Pressure with five distribution days. We recommend clients selectively add risk in Mexican equities.
The total number of Focus List stocks in the LATAM region remains at nine. Alsea (ALE.MX; ALSEA*:MM) will be actionable on a break above MXN 68.50.
Stocks of Interest: Porto Seguro (PSO.BR; PSSA3:BZ), Embraer (EA3.BR; EMBR3:BZ), Inter (IP9.BR; INBR32:BZ), Cyrela (3CY.BR; CYRE3:BZ) and Grupo Mateus (GMO.BR; GMAT3:BZ).