Symbol: BPC.BR

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 declined 0.2% last week, but remains in a Confirmed Uptrend with only two distribution days. We recommend clients add risk in Brazilian equities.
  • Mexico’s main benchmark index declined 2.0% last week. The index was shifted to an Uptrend Under Pressure from a Confirmed Uptrend. We recommend clients selectively add risk in Mexican equities.
  • Last week, we removed Gruma (GRM.MX; GRUMAB:MM) from the Focus List, reducing the total number of Focus List ideas in the LATAM region to nine. Alsea (ALE.MX; ALSEA*:MM) is actionable.
  • Stocks of Interest: Inter (IP9.BR; INBR32:BZ), Grupo Mateus (GMO.BR; GMAT3:BZ) and Cyrela Brazil Realty (3CY.BR; CYRE3:BZ).

LATAM Weekly Summary

Posted on by Romeo Alvarez

Key points:
• Brazil’s Bovespa index gained 0.5% last week, but closed below its 50-DMA. It remains
in a Confirmed Uptrend with one distribution day. We recommend clients add risk in
Brazilian equities.
• Mexico’s main benchmark index declined 0.8% last week and is testing support at the
50-DMA. The index remains in a Confirmed Uptrend with four distribution days. We
recommend clients add risk in Mexican equities.
• The total number of Focus List stocks in the LATAM region remains at 10. Banorte
(GTB.MX; GFNORTEO:MM) and Coca-Cola Femsa (KFBL.MX; KOFUBL:MM) are
actionable.
• Stocks of Interest: Grupo Mateus (GMO.BR; GMAT3:BZ), Itau Unibanco (IU4.BR; ITUB4
BZ), Inter (IP9.BR; INBR32:BZ), Vibra Energia (PRB.BR; VBBR3:BZ), Gentera (CSV.MX;
GENTERA*:MM) and Arca (ARC.MX; AC*:MM).

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 gained 1% last week. It was shifted to a Rally Attempt from Downtrend. We recommend clients wait for a follow-through day to add risk in Brazilian equities.
  • Mexico’s main benchmark index rallied 2.5% last week. The index remains in an Uptrend Under Pressure with six distribution days. We recommend clients selectively add risk in Mexican equities.
  • The total number of Focus List stocks in the LATAM region remains at 11. Alsea (ALE.MX; ALSEA*:MM) is actionable.
  • Stocks of Interest: EcoRodovias (EON.BR; ECOR3:BZ), Marfrig (MFA.BR; MRFG3:BZ), Cury Construtora (CCE.BR; CURY3:BZ), Arca (ARC.MX; AC*:MM), Qualitas (QCC.MX; Q*:MM) and Regional (GFR.MX; RA:MM).