Brazilian shares lost ground Monday, tracking volatile action on Wall Street where stocks had been on a roller-coaster ride following a series of worrisome developments about global economic conditions and U.S. quarterly results.
Brazilian home builder Gafisa SA and Mexican steelmaker Tenaris SA lead regional markets lower as worries about a global recession spark a run on equities.
SAN FRANCISCO (MarketWatch) -- Latin America markets tumbled Thursday, taking part in an equity sell-off around the world. Brazil's Bovespa index slid 4% in mid-morning trade and Mexico's IPC index lost 2.2%. Argentina's Merval was closed for a holiday. In Brazil, top decliners included homebuilder Gafisa SA , pulp and paper company Aracruz Celulose and jetmaker Embraer . In Mexico, major decliners included steelmaker Tenaris , food concern Gruma SAB and Wal-Mart de Mexico . [Corrects to clarify Merval was closed for a holiday.]
Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets.
Zacks Equity Research highlights Research In Motion (Nasdaq: RIMM) as the Bull of the Day and AutoNation, Inc. (NYSE: AN) as the Bear of the Day. In addition, Zacks Equity Research provides analysis
This market will drive a sane person batty at times, I have to tell you. Remember about 2-3 months ago, every day that oil dropped people ran into technology stocks as a "safe haven"? We were shaking our head sadly and saying, how is this a safe haven... in time this will be proven to be a false assertion. But that did not stop the stocks from running up 5-10-15% each time oil dropped a few bucks as hedge funds had to find something to "play".
Remember, as we always say, perception is reality. Until reality strikes. Lately...
Four times a year, hedge funds & asset managers with > $100 million AUM (assets under management) are required to report to the SEC their holdings from the previous quarter. I check these 13F filings quarterly just to get a sense as to where these funds are putting their money sector wise. If you just sit down and do some simple number crunching between last quarter's 13F and this quarter's 13F, you can see exactly where these funds have been moving their money.
Please note, these 13F's should be treated as a lagging indicator simply because...
I thought I would put up a list of some interesting South America stocks for a pair of reasons. First as you can see from the chart above of the ETF for the Latin America 40 (ILF) that the region’s stocks have pulled back significantly over the recent few months. Second, I have a strong interest in the region and keep my eye out for interesting stocks. I hope to point out a few here you have not heard of or considered.
I see the identical pattern in 4 charts, so I am cutting back
exposure to all 4. These have the makings of companies that could be
beginning to break down. If I am wrong, I'll pay up a slight premium to regain exposure once the technical pattern improves. The names are
different but it's the same pattern - 4 companies which are breaking
down below their 50 day moving averages. Unless they quickly reverse
back over and above, this could portend a more serious move downward.
I see a lot of other companies which could be approaching a
similar set up with another...
I am adding to my position in Brazilian homebuilder Gafisa (GFA) - I did this in 2 chunks, as the stock jumped off its 50 day moving average and is starting to look more promising...
With the liquidation of the short exposure, I have over $400K cash so
I need to find some things to buy - these are the areas I have begun
layering into... I call this the "Ben is my friend" trade. Since I
don't trust Ben, I am not buying favorites such as Fannie Mae (FNM) or Lehman Brothers (LEH) but I'll go with some of current holdings....
We've been watching Apple (AAPL) [Mar 26: Apple now at Inflection Point]
and said we'd be buying over mid $140s - which we are now - so we buy.
In my old days I'd be...
This is Econ101 folks. Seems the professionals are so wrapped up in super complex, esoteric theories that they have forgotten that particular part of their education. To understand when our house prices will stop falling, one must first know what the price of a house should be. To know what house prices should be, you have to understand what the house prices look like to the people who actually buy or sell houses.
Two kinds of people buy houses. People who consume them as a dwelling and people who invest in them. Most home buyers are both at once....
While scanning through my watchlist and
checking recent news, several Latin America based companies caught my attention. Here is some
information on each:
Banco Latinoamerica de Exportaciones SA (BLX),
more commonly known as BLADEX. This Panama based financial institution
facilitates trade throughout Latin America. The following quote from
Carlos Yap, CFO during the most recent earnings conference call sums up the company?s growth prospects:
I
would like to highlight the strong financial performance of the bank
not only in 2007, but also during the last three years, which have
validated our...
CHICAGO - - ( BUSINESS WIRE ) - - Zacks . com announces the list of stocks featured in the Analyst Blog.Every day the Zacks Equity Research analysts discuss the latest news and events impacting ...
Gafisa SA ( GFA ) is one of the largest builders and incorporators of Brazil.We are reiterating our Hold recommendation on the company.Third quarter 2008 results were positive.We expect reasonable ...
Nov . 6 ( Bloomberg ) - - Gafisa SA , Brazil's second - largest real estate developer , led a drop among homebuilders after the company's third - quarter profit trailed analysts ' estimates as ...
Gafisa SA ' s ( Gafisa ) 3Q 08 revenues and adjusted net margin1 were below our estimates , despite adjusted operating margin1 being in line.However , we believe that the company ' s long term ...
The Gafisa SA ( Gafisa ) common stock price increased significantly on 29 October 2008 , reflecting volatility in global markets.Despite the current worries over the global real estate sector ...
The Gafisa SA ( Gafisa ) common stock price declined significantly on 22 October 2008 , reflecting overall weakness in global stock markets and the impact of the ongoing global financial crisis.However ...
Oct . 21 ( Bloomberg ) - - Sam Zell ' s Equity International increased its stake in Gafisa SA , Brazil's second - largest real estate developer , to 18.7 percent.The fund recently acquired 3.3 ...
Oct . 20 ( Bloomberg ) - - Brazilian stocks gained the most in a week on speculation the government will take measures to boost the economy and ease the credit crisis , including providing support ...
The Gafisa SA ( Gafisa ) common stock price has depreciated considerably since our 2Q 08 update report , reflecting investor concerns over weakness in global stock markets , the credit crunch ...
CHICAGO - - ( BUSINESS WIRE ) - - Zacks . com announces the list of stocks featured in the Analyst Blog.Every day the Zacks Equity Research analysts discuss the latest news and events impacting ...
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