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 down 2.3% last week and broke below the 50-DMA. It remains in a Rally Attempt. We recommend clients wait for the market status to change to a Confirmed Uptrend to add risk in Brazilian equities.
  • Mexico’s main benchmark was up 0.6% last week but faced resistance at the 200-DMA. The index was shifted to a Rally Attempt. We recommend clients wait for the market status to change to a Confirmed Uptrend to add risk in Mexican equities.
  • The total number of Focus List stocks in the LATAM region remains at eight. Alsea (ALE.MX; ALSEA* MM) is attempting to break out of a flat base.
  • Stocks of interest: Vibra Energia (PRB.BR; VBBR3:BZ)), Tres Tentos Agroindustrial (TTA.BR; TTEN3:BZ), Caixa Seguridade (CS6.BR; CXSE3:BZ), Mahle Metal (LV3.BR; LEVE3:BZ), Qualitas (QCC.MX; Q*:MM) and Grupo Cementos (GCC.MX; GCC*: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 3.0% last week. It remains in a Rally Attempt. We recommend clients wait for the market status to change to a Confirmed Uptrend to add risk in Brazilian equities.
  • Mexico’s main benchmark was down 2.2% last week. It remains in a Downtrend. We recommend clients avoid adding risk in Mexican equities.
  • The total number of Focus List stocks in the LATAM region remains at eight.

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 down 2.2% last week. It remains in a Rally Attempt. We recommend clients wait for the market status to change to a Confirmed Uptrend to add risk in Brazilian equities.
  • Mexico’s main benchmark was down 1.2% last week. It was shifted to a Downtrend from an Uptrend Under Pressure. We recommend clients avoid adding risk in Mexican equities.
  • The total number of Focus List stocks in the LATAM region remains at eight.
  • Stocks of interest: Petrobras (POB.BR; PETR4:BZ), Caixa Seguridade (CS6.BR; CXSE3:BZ), Mahle Metal (LV3.BR; LEVE3:BZ), Qualitas (QCC.MX; Q*:MM) and Vesta (VES.MX; VESTA*:MM). Additional names are listed on page 3.

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 0.4% last week. The Brazilian market is in a Rally Attempt. We recommend clients avoid adding risk in Brazilian equities until we upgrade the market to an Uptrend.
  • Mexico’s main benchmark ended flat last week. It remains in an Uptrend Under Pressure with four 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. Petro Rio (HRT.BR; PRIO3:BZ) and Oncoclínicas (ODB.BR; ONCO3:BZ) are actionable.
  • Stocks of interest: Vivara (VPO.BR; VIVA3:BZ), Caixa Seguridade (CS6.BR; CXSE3:BZ), Gruma (GRM.MX; GRUMAB:MM), Qualitas (QCC.MX; Q*:MM), Vesta (VES.MX; VESTA*:MM), Grupo Cementos (GCC.MX; GCC*:MM) and Fomento Economico Mexicano (FMU.MX; FEMSAUBD:MM). Additional names are listed on page 3.