RIO, SID, BAK, PBR, UGP, GGB, TMB, SBS, ELP are my picks, by weighting these you can creat a nice mix and take part in some nice gains into december IMO
EWZ-56 tgt 73
RIO-18.6 tgt 26
SID-20.60 tgt 31
BAK-10.5 tgt 13
PBR-43.5 tgt 52
UGP-26.5 tgt 31
GGB-11 tgt 16
TMB-37.2 tgt 47
SBS-28.7 tgt 38
ELP-14.3 tgt16.5
each of these is unique to their nation, and sector, all are oversold and with a bullish bias on the bovespa, I am bullish on all of these. some if not most of these could easily slide down further, an dI will avg down as needed, but I believe the worst is over, we need US to stabilize, and latin america will comeback into play, I may be a little early, but thats what I do...
Crude/Steel/Commodity prices highly impact these stocks, but my opinion is bullish for all world mkts into late this yr for many reasons. Brazil is rich in resources, has a surplus, recently upgraded debt to investment grade, stable and predictable monetary policy, etc...
disclaimer: plays/opinions posted are for my swing trading account, I am a daytrader by profession and trade in and out of mentioned stocks and many others all day
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