Symbol: ENO.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 fell 3.7% but found support at the 50-DMA last week. It remains in a Confirmed Uptrend. We recommend clients add risk in Brazilian equities.
  • Mexico’s benchmark was down 0.6% last week. It remains in an Uptrend Under Pressure as it hits resistance at the 50-DMA. We recommend clients selectively add risk in Mexican equities.
  • We added Localiza (LOC.BR; RENT3:BZ) to our Focus List. The total number of Focus List stocks in LATAM increased to three.
  • Stocks of interest: Sendas (SDO.BR; ASAI3:BZ), Santos Brasil (STB.BR; STBP3:BZ), Cyrela (3CY.BR; CYRE3:BZ), Petroreconcavo (PEO.BR; RECV3:BZ), Unipar (UN6.BR; UNIP6:BZ), Petro Rio (HRT.BR; PRIO3:BZ), Cogna (KRO.BR; COGN3:BZ), WEG (WG3.BR; WEGE3:BZ), Banorte (GTB.MX; GFNORTEO:MM) and Banco del Bajio (BJI.MX; BBAJIOO: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 benchmark rallied 5.8% last week. It was shifted back to a Confirmed Uptrend from an Uptrend Under Pressure. We recommend clients add risk in Brazilian equities.
  • Mexico’s benchmark rose 2.5% last week. The Mexican market is in an Uptrend Under Pressure and has two distribution days. We recommend clients be selective when adding risk in Mexican equities.
  • We added Intelbras (ITQ.BR; INTB3:BZ) to our Focus List, and it is actionable. The total number of Focus List stocks in the LATAM region increased to two.
  • Stocks of interest: Sendas (SDO.BR; ASAI3:BZ), Petroreconcavo (PEO.BR; RECV3:BZ), PetroRio (HRT.BR; PRIO3:BZ), Energias Do Brasil (ENO.BR; ENBR3:BZ), Banco Do Brasil (IO3.BR; BBAS3:BZ), B3 (BMF.BR; B3SA3:BZ), Banco del Bajio (BJI.MX; BBAJIOO:MM), Chedraui (CHD.MX; CHDRAUIB:MM), and Gentera (CSV.MX; GENTERA*: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 declined 1.5% last week, ahead of the presidential election. It remains in an Uptrend Under Pressure and has eight distribution days. We recommend clients be selective when adding risk in Brazilian equities.
  • Mexico’s benchmark dropped 1.7% last week. It remains in an Uptrend Under Pressure and has four distribution days. We recommend clients be selective when adding risk in Mexican equities.
  • We have one stock on our Focus List: Hypermarcas (HYP.BR; HYPE3:BZ).
  • Stocks of interest: Tentos Agroindustrial (TTA.BR; TTEN3:BZ), Grupo de Moda Soma (GD1.BR; SOMA3:BZ), MRV (MRV.BR; MRVE3:BZ), BR Malls (BRM.BR; BRML3:BZ), Fleury (FLE.BR; FLRY3:BZ), Lojas Renner (LE3.BR; LREN3:BZ), Banco del Bajio (BJI.MX; BBAJIOO: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 rose 2.2% last week. It remains in an Uptrend Under Pressure and has seven distribution days. We recommend clients take a cautious approach when adding risk in Brazilian equities.
  • Mexico’s benchmark dropped 2.9% last week after hitting resistance at the 50-DMA. The Mexican market was shifted to an Uptrend Under Pressure. We recommend clients be selective when adding risk in Mexican equities.
  • We have one stock on our Focus List: Hypermarcas (HYP.BR; HYPE3:BZ).
  • Stocks of interest: Grupo de Moda Soma (GD1.BR; SOMA3:BZ), Sendas (SDO.BR; ASAI3:BZ), Fleury (FLE.BR; FLRY3:BZ), Energias do Brasil (ENO.BR; ENBR3:BZ), Raia Drogasil (DR3.BR; RADL3:BZ) 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 gained 1.3% last week. The Brazilian market was shifted to an Uptrend Under Pressure from a Confirmed Uptrend as it recorded its fifth distribution day last week. We recommend clients be more selective when adding risk in Brazilian equities.
  • Mexico’s benchmark index rallied 2.5% last week. It is now trading just below its 50-DMA. The Mexican market was upgraded to a Rally Attempt. We recommend clients wait for a follow-through day before adding risk in Mexican equities.
  • We have one stock on our Focus List: Hypermarcas (HYP.BR; HYPE3:BZ), which is currently actionable.
  • Stocks of interest: Arezzo (ARZ.BR; ARZZ3:BZ), MRV (MRV.BR; MRVE3:BZ), Cyrela (3CY.BR; CYRE3:BZ), Vivara (VPO.BR; VIVA3:BZ), MercadoLibre (MELI), Lojas Renner (LE3.BR; LREN3:BZ), Grupo de Moda Soma (GD1.BR; SOMA3:BZ), Banco Do Brasil (IO3.BR; BBAS3:BZ) 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 index declined 1.3% last week. The Brazilian market is in an Uptrend Under Pressure with four distribution days. We recommend clients be selective when adding risk in Brazilian equities due to the high number of distribution days.
  • Mexico’s main benchmark fell 2.9% last week and made a new 52-week low. The Mexican market was shifted to Downtrend from an Uptrend Under Pressure. We recommend clients avoid adding risk in Mexican equities.
  • We have one stock on our Focus List: Hypermarcas (HYP.BR; HYPE3:BZ), which is currently actionable.
  • Stocks of interest: Arezzo (ARZ.BR; ARZZ3:BZ), Petro Rio (HRT.BR; PRIO3:BZ), Grupo de Moda Soma (GD1.BR; SOMA3:BZ) and Rumo (P3M.BR; RAIL3: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 was up 0.7% last week. It remains in a Confirmed Uptrend with two distribution days. We recommend clients continue to add risk in Brazilian equities.
  • Mexico’s benchmark declined 2.5% and undercut its 50-DMA last week. As a result, the Mexican market was moved to an Uptrend Under Pressure. We recommend clients be more selective when adding risk in Mexican equities.
  • We have one stock on our Focus List: Hypermarcas (HYP.BR; HYPE3:BZ), which is currently actionable.
  • Stocks of interest: Arezzo (ARZ.BR; ARZZ3:BZ), Sendas (SDO.BR; ASAI3:BZ), Banco do Brasil (IO3.BR; BBAS3:BZ), Rumo (P3M.BR; RAIL3:BZ), Minerva (MNV.BR; BEEF3:BZ), Grupo Aeroportuario del Pacifico (GAP.MX; GAPB:MM), Arca (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:

  • Brazil’s Bovespa benchmark was up 1.2% last week. It remains in an Uptrend Under Pressure with five distribution days. The benchmark is hitting resistance at the 200- DMA. We recommend that clients take a cautious approach while adding risk.
  • Mexico’s benchmark index hit a new all-time high as it rose 2% last week. The Mexicanmarket remains in a Confirmed Uptrend with four distribution days.
  • We added SLC Agricola (SLC.BR; SLCE3:BZ) and Credicorp (BAP.PE; BAP:PE) to the Focus List, taking the total to four stocks in the region. These two stocks, along with Regional (GFR.MX: RA:MM) and PetroRio (HRT:BR; PRIO3:BZ), are actionable.
  • Stocks of interest: Cia. Brasileira de Aluminio (CDA.BR; CBAV3:BZ), Minerva (MNV.BR; BEEF3:BZ), Unipar (UN6.BR; UNIP6:BZ), Intelbras (ITQ.BR; INTB3:BZ), Energias Do Brasil (ENO.BR; ENBR3:BZ), Atacadao (CRF.BR; CRFB3:BZ), Grupo Mexico (GME.MX;
    GMEXICOB:MM), Alsea (ALE.MX; ALSEA*:MM), Banorte (GTB.MX; GFNORTEO: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 benchmark rose 4.1% last week. It was upgraded to a Confirmed Uptrend from a Rally Attempt. We recommend that clients gradually increase risk in Brazilian equities.
  • Mexico’s benchmark index rose 1.0% last week. The Mexican market remains in a Confirmed Uptrend with only one distribution day.
  • There are currently no stocks on the Focus List from the LATAM region.
  • Stocks of interest: Petroleo Brasileiro (POB.BR; PETR4:BZ), Energias do Brasil (ENO.BR; ENBR3:BZ), SLC Agricola (SLC.BR; SLCE3:BZ), Becle (BEC.MX; CUERVO*:MM), and Grupo Bimbo (BI2.MX; BIMBOA: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 benchmark declined 0.8% last week. It remains in a Rally Attempt with resistance near the 50-DMA. We recommend that clients continue to take a defensive approach.
  • Mexico’s benchmark index was down 2.6% last week. The Mexican market was downgraded to a Downtrend from an Uptrend Under Pressure as the main index sharply broke below its 200-DMA.
  • There were no changes to our Emerging Markets Focus List in the LATAM region. The number of Focus List stocks remains at one: Totvs (TOT.BR; TOTS3:BZ).