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 1.2% last week. It remains in an Uptrend Under Pressure with seven distribution days. We recommend clients selectively add risk in Brazilian equities.
  • Mexico’s main benchmark was down 1.4% last week. It remains in an Uptrend Under Pressure with six distribution days. We recommend clients selectively add risk in Mexican equities.
  • MercadoLibre (MELI) was added to the Focus List last week. The total number of Focus List stocks in the LATAM region increased to 11. Oncoclínicas (ODB.BR; ONCO3:BZ) and Alsea (ALE.MX; ALSEA* MM) are actionable.
  • Stocks of interest: Rumo (P3M.BR; RAIL3:BZ), M. Dias Branco (MDB.BR; MDIA3:BZ), Weg (WG3.BR; WEGE3:BZ), Vivara (VPO.BR; VIVA3:BZ), Grupo Cementos (GCC.MX; GCC*:MM), Qualitas (QCC.MX; Q*:MM) and Gruma (GRM.MX; GRUMAB:MM).

Won Global View

Posted on by Deepashree MC

The U.S. market remains in an Uptrend Under Pressure. The S&P 500 declined 70bps on lower volume yesterday and is trading 1% above its 50-DMA support (4,427), with five distribution days and one day expiring today after close. The Nasdaq declined 1.2% on higher volume breaching its 50-DMA and registered its second consecutive distribution day, taking the total count to five. Look for immediate support near 13,600 followed by June lows of 13,334 (-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 down 0.6% last week. It remains in an Uptrend Under Pressure with six distribution days. We recommend clients selectively add risk in Brazilian equities.
  • Mexico’s main benchmark was down 1.7% last week. It remains in an Uptrend Under Pressure with five distribution days. We recommend clients selectively add risk in Mexican equities.
  • We added Oncoclínicas (ODB.BR; ONCO3:BZ) to the Focus List, taking the total number of Focus List stocks in the LATAM region to 10. Oncoclínicas (ODB.BR; ONCO3:BZ), Rede Dor Sao Luiz (RD2.BR; RDOR3:BZ) and Grupo Mateus (GMO.BR; GMAT3:BZ) are actionable.
  • Stocks of interest: Rumo (P3M.BR; RAIL3:BZ), Mahle Metal (LV3.BR; LEVE3:BZ), Weg (WG3.BR; WEGE3:BZ), Vivara (VPO.BR; VIVA3:BZ), Grupo Cementos (GCC.MX; GCC*:MM), Cemex (CMC.MX; CEMEXCPO:MM) and Gruma (GRM.MX; GRUMAB: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 flat last week. It remains in an Uptrend Under Pressure with six distribution days. We recommend clients selectively add risk in Brazilian equities.
  • Mexico’s main benchmark rallied 2.3% last week. It remains in an Uptrend Under Pressure with four distribution days. We recommend clients selectively add risk in Mexican equities.
  • We added Rede Dor Sao Luiz (RD2.BR; RDOR3:BZ) to the Focus List, taking the total number of Focus List stocks in the LATAM region to nine. Raia Drogasil (DR3.BR; RADL3:BZ), Grupo Mateus (GMO.BR; GMAT3:BZ) and Petro Rio (HRT.BR; PRIO3:BZ) are actionable.
  • Stocks of interest: Rumo (P3M.BR; RAIL3:BZ), Caixa Seguridade (CS6.BR; CXSE3:BZ), Vivara (VPO.BR; VIVA3:BZ), Oncoclinicas (ODB.BR; ONCO3:BZ), Gruma (GRM.MX; GRUMAB:MM) Grupo Cementos (GCC.MX; GCC*:MM) and FEMSA (FMU.MX; FEMSAUBD: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 rallied 2.1% last week. It remains in an Uptrend Under Pressure due to the high number of distribution days (5). We recommend clients selectively add risk in Brazilian equities.
  • Mexico’s main benchmark was down 0.1% last week. It remains in an Uptrend Under Pressure with four distribution days. We recommend clients selectively add risk in Mexican equities.
  • We added Petro Rio (HRT.BR; PRIO3:BZ) to the Focus List, taking the total number of Focus List stocks in the LATAM region to eight. Grupo Mateus (GMO.BR; GMAT3:BZ) and Localiza (LOC.BR; RENT3:BZ) are actionable.
  • Stocks of interest: Rumo (P3M.BR; RAIL3:BZ), Caixa Seguridade (CS6.BR; CXSE3:BZ), Vivara (VPO.BR; VIVA3:BZ), Rede Dor Sao Luiz (RD2.BR; RDOR3:BZ), Gruma (GRM.MX; GRUMAB:MM) and Cemex (CMC.MX; CEMEXCPO:MM).