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 1.0% last week. It remains in an Uptrend Under Pressure with five distribution days. We recommend clients selectively add risk in Brazilian equities.
  • Mexico’s main benchmark was down 0.3% last week. It remains in an Uptrend Under Pressure with four distribution days. We recommend clients selectively add risk in Mexican equities.
  • We added Localiza (LOC.BR; RENT3:BZ) to our Focus List, taking the total number of Focus List stocks in the LATAM region to seven. Raia Drogasil (DR3.BR; RADL3:BZ) and Localiza (LOC.BR; RENT3:BZ) are actionable.
  • Stocks of interest: Porto Seguro (PSO.BR; PSSA3:BZ), Cyrela (3CY.BR; CYRE3:BZ), M. Dias Branco (MDB.BR; MDIA3:BZ), Petro Rio (HRT.BR; PRIO3:BZ), Rumo (P3M.BR; RAIL3:BZ), Kimberly-Clark (KCA.MX; KIMBERA:MM) and Arca Continental (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 was up 0.7% last week. The Brazilian market was shifted to an Uptrend Under Pressure and has four distribution days. We recommend clients selectively add risk in Brazilian equities.
  • Mexico’s main benchmark rose 0.7% last week. It 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 stocks in the LATAM region remains at six. Alsea (ALE.MX; ALSEA* MM), Raia Drogasil (DR3.BR; RADL3:BZ), Banco Pan (PMP.BR; BPAN4:BZ) and Grupo Mateus (GMO.BR; GMAT3:BZ) are actionable.
  • Stocks of interest: Porto Seguro (PSO.BR; PSSA3:BZ), Petro Rio (HRT.BR; PRIO3:BZ), Rumo (P3M.BR; RAIL3:BZ), Caixa Seguridade (CS6.BR; CXSE3:BZ), Cyrela (3CY.BR; CYRE3:BZ), M Dias Branco (MDB.BR; MDIA3:BZ), Localiza (LOC.BR; RENT3:BZ) and Vivara (VPO.BR; VIVA3:BZ).

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 retraced 0.75% last week. It remains in a Confirmed Uptrend with four distribution days. We recommend clients add risk in Brazilian equities.
  • Mexico’s main benchmark gained 0.4% last week. It remains in an Uptrend Under Pressure with four distribution days. We recommend clients selectively add risk in Mexican equities.
  • We added Grupo Mateus (GMO.BR; GMAT3:BZ) and Banco BTG (BPC.BR; BPAC11:BZ) and removed MercadoLibre (MELI) from the Focus List, taking the total number of Focus List stocks in the LATAM region to six. Grupo Mateus (GMO.BR; GMAT3:BZ), Raia Drograsil (DR3.BR; RADL3:BZ) and Banco BTG (BPC.BR; BPAC11:BZ) are actionable.
  • Stocks of interest: Caixa Seguridade (CS6.BR; CXSE3:BZ), Vivara (VPO.BR; VIVA3:BZ), Localiza (LOC.BR; RENT3:BZ), Rumo (P3M.BR; RAIL3:BZ), MRV (MRV.BR; MRVE3:BZ) and Qualitas (QCC.MX; Q*:MM).

Market View

Posted on by Raj Gupta

The U.S. market status remains in a Confirmed Uptrend. Both S&P 500 and Nasdaq gapped up on Friday and closed strong for over 2% weekly gains. The S&P 500 closed above immediate resistance near 4,448, while for the Nasdaq it remains just below the peak from two weeks prior near 13,864. The distribution day count stands at four and three, respectively.

Won Global View

Posted on by Deepashree MC

The U.S. market remains in a Confirmed Uptrend. Both indices trended higher through the session and closed above their respective 10-DMA. The next level of support for the S&P 500 and Nasdaq is at their 21-DMA (4,316/13,316). The distribution day count stands at five and four, respectively, with one day expiring on each index at today’s close.