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Finding Brazilian bargain-basement stocks

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Vermilion's analysts believe Brazil continues to emerge as the short-term global leader in Latin America and that there are plenty of individual opportunities there.

The list of their "bottom-fishing candidates" includes:

  • Banco Bradesco ( BBD , quote )
  • Banco do Brasil ( BDORY , quote )
  • Braskem ( BAK , quote )
  • Metalurgica Gerdau ( GGB , quote )
  • Vale ( VALE , quote )
  • Usinas Siderugicas de Minas Gerais ( USNZY , quote )

This list also includes non-U.S.-traded stocks such as Cyrela Brazil Realty (the largest of Brazil's real-estate developers) and Lojas Americanas.

Although Brazil is the main focus of the list, Vermilion highlights that Colombia and Peru are beginning to break out from long-term bull flag patterns. "While they are not the most-liquid markets, it adds to our conviction that a tradable recovery is underway in Latin/South America," the analysts comment.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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