- Brazil stocks enjoy broad gains after new Pres. Bolsonaro is sworn in and issues decrees affecting the economy, agriculture and society, while forging closer political ties with the U.S.
- Bolsonaro was elected on a platform to clean up Brazilian politics, and he names the country’s top anti-corruption figure, Sergio Moro, in charge of a Justice Ministry beefed up to fight graft and battle organized crime.
- Among the movers: EBR +19.2%, SID +9.3%, SBS +9.2%, BSBR +8.6%, PBR +7.6%, BBD +7.4%, GGB +6.8%, ABEV +6.6%, CIG +6.4%, UGP +5.9%, ITUB +5.5%, TSU +4.7%, VIV +4.5%, BRFS +4.5%, CZZ +4.5%, ELP +4.5%, CBD +4.2%, ERJ +3.6%, AZUL +2.3%, VALE +1.4%.
- ETFs: EWZ, BRZU, BZQ, UBR, FBZ
- Now read: Gerdau: The Brazilian Play On U.S. Steel
Original article
PBR: is this perennial leader facing new challenges?
With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Sure, there are always opportunities in the stock market – but finding them feels more difficult now than a year ago. Unsure where to invest next? One of the best ways to discover new high-potential opportunities is to look at the top performing portfolios this year. ProPicks AI offers 6 model portfolios from Investing.com which identify the best stocks for investors to buy right now. For example, ProPicks AI found 9 overlooked stocks that jumped over 25% this year alone. The new stocks that made the monthly cut could yield enormous returns in the coming years. Is PBR one of them?
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