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 was up 2.1% and hit a new multi-year high last week. It remains in a Confirmed Uptrend. We recommend clients add risk in Brazilian equities.
  • Mexico’s main benchmark was up 1.8% and broke above resistance at the 200-DMA last week. It remains in a Confirmed Uptrend. We recommend clients add risk in Mexican equities.
  • The total number of Focus List stocks in the LATAM region remains at six. Smartfit Escola (SED.BR; SMFT3:BZ) and Banco BTG (BPC.BR; BPAC11:BZ) are actionable.
  • Stocks of interest: Cury Construtora (CCE.BR; CURY3:BZ), Vivara (VPO.BR; VIVA3:BZ), Equatorial (EQO.BR; EQTL3:BZ), EcoRodovias (EON.BR; ECOR3:BZ)), Porto Seguro (PSO.BR; PSSA3:BZ), Arca Continental (ARC.MX; AC*MM) and Coca-Cola Femsa (KFBL.MX; KOFUBL: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 was up 0.6% last week. It remains in a Confirmed Uptrend. We recommend clients add risk in Brazilian equities.
  • Mexico’s main benchmark was up 0.5% last week. It remains in a Confirmed Uptrend. We recommend clients add risk in Mexican equities.
  • The total number of Focus List stocks in the LATAM region remains at six. Gruma (GRM.MX; GRUMAB MM) is actionable.
  • Stocks of interest: Banco do Brasil (IO3.BR; BBAS3:BZ), Equatorial (EQO.BR; EQTL3:BZ), Caixa Seguridade (CS6.BR; CXSE3:BZ), Raia Drogasil (DR3.BR; RADL3:BZ), Yduqs (EST.BR; YDUQ3:BZ), Totvs (TOT.BR; TOTS3:BZ), Allos (SSB.BR; ALOS3:BZ), Vesta (VES.MX; VESTA*:MM), Fomento Economico Mexicano (FMU.MX; FEMSAUBD:MM) and Globant (GLOB).

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 rallied 3.5% and hit a new 52-week high last week. It was upgraded to a Confirmed Uptrend as the index recorded a follow-through day on November 14. We recommend clients add risk in Brazilian equities.
  • Mexico’s main benchmark was up 2.8% last week. It remains in a Confirmed Uptrend. We recommend clients add risk in Mexican equities.
  • We added Mercadolibre (MELI) and Gruma (GRM.MX; GRUMAB MM) to the Focus List, taking the total number of LATAM Focus List stocks to six.
  • Stocks of interest: Banco do Brasil (IO3.BR; BBAS3:BZ), Embraer (EA3.BR; EMBR3:BZ), Iguatemi (IG9.BR; IGTI11:BZ), ItauUnibanco (IU4.BR; ITUB4:BZ), Fibra Uno (FUN.MX; FUNO11:MM), Grupo Cementos (GCC.MX; GCC*:MM), Fomento Economico Mexicano (FMU.MX; FEMSAUBD:MM) and Globant (GLOB).

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 was up 2.0% last week. It remains in a Rally Attempt. We recommend clients wait for a follow-through day to add risk in Brazilian equities.
  • Mexico’s main benchmark was flat last week. It remains in a Confirmed Uptrend. We recommend clients add risk in Mexican equities.
  • The total number of Focus List stocks in the LATAM region remains at four. Banco BTG (BPC.BR; BPAC11:BZ) is actionable.
  • Stocks of interest: Banco do Brasil (IO3.BR; BBAS3:BZ), Inter (IP9.BR; INBR32:BZ), Fleury (FLE.BR; FLRY3:BZ), Allos (SSB.BR; ALOS3:BZ), Vivara (VPO.BR; VIVA3:BZ), Totvs (TOT.BR; TOTS3:BZ), Arca Continental (ARC.MX; AC*:MM), Gruma (GRM.MX; GRUMAB:MM), Banorte (GTB.MX; GFNORTEO:MM), Grupo Cementos (GCC.MX; GCC*:MM), and Fomento Economico Mexicano (FMU.MX; FEMSAUBD:MM).

Won Global View

Posted on by Deepashree MC

The U.S. market is in a Confirmed Uptrend. The S&P 500 and Nasdaq closed marginally higher on mixed volume. The S&P 500 is
trading 45bps below its 100-DMA (4,402), while the Nasdaq is currently trading around its 100-DMA (13,616). Immediate major support for
both indices is their respective 50-DMA (S&P 500: 4,343; Nasdaq: 13,416).

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 was up 4.3% last week. It was shifted to a Rally Attempt from a Downtrend. We recommend clients wait for a follow-through day to add risk in Brazilian equities.
  • Mexico’s main benchmark rallied 4.7% last week. It was shifted to a Confirmed Uptrend from a Rally Attempt. We recommend clients add risk in Mexican equities.
  • We removed Raia Drogasil (DR3.BR; RADL3:BZ) from the Focus List. The total number of Focus List stocks in the LATAM region is down to four. Petro Rio (HRT.BR; PRIO3:BZ) will be actionable on a strong bounce off the 50-DMA.
  • Stocks of interest: Banco Do Brasil (IO3.BR; BBAS3:BZ), Inter (IP9.BR; INBR32:BZ), CSN Mineracao (CMO.BR; CMIN3:BZ), BRF Brasil Foods (DG3.BR; BRFS3:BZ), Fomento Economico Mexicano (FMU.MX; FEMSAUBD:MM) and Gruma (GRM.MX; GRUMAB:MM).