Metalurgica Gerdau S/A Ord

  • TickerGOAU3
  • ISINBRGOAUACNOR1
  • ExchangeBM&F Bovespa - Securities, Commodities and Futures Exchange
  • SectorIndustrial Metals & Mining
  • CountryBrazil
Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

EM Remains In Favor; Shanghai Comp Breaking Out A weakening US dollar (DXY) continues to be a major tailwind for both EM equities and the commodity Sectors. Improving price and RS trends for these risk-on areas of the market are among the many characteristics consistent with historical bull markets. Therefore, we continue to label this a bull market and we believe global equities are still in the early innings of a broad-based advance. • EM Equities. Price action has remained weak for the US dollar (DXY), which has been great news for EM equities. As outlined in our 12/19/19 Int'l Compass an...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

MSCI ACWI hitting multi-month highs, U.S. remains leadership Note: This week's report is presented in an abbreviated format, as we are publishing the June International Macro Vision book this week (available next Tues. AM). Over the past several weeks we have outlined the case for our increasingly bullish outlook, noting that market internals remain favorable and S&P 500 and MSCI ACWI price trends are showing evidence of early-stage uptrend formations. In today's report we provide an overview of international markets and highlight our top recommendations. • Index overviews. Led by U.S. outp...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: EM Strategy

Highlighted themes and actionable charts: • Emerging markets (MSCI EM) versus Developed international (MSCI EAFE). Recent USD strength has weighed on EM's relative performance. Given (1) strength in commodity prices (sans precious metals), (2) the potential for some backing-and-filling of the USD, and (3) MSCI EM price and relative strength support levels continuing to hold, we see recent weakness as a buying opportunity... see below, left • Actionable countries. The MSCI BRIC index has reasserted its leadership status (see below, right) thanks primarily to a resurgent China which accounts f...

Gerdau S.A. - December 2016 (LTM): Peer Snapshot

Peer Snapshot: Gerdau S.A. - December 2016 (LTM) 28 February 2017 (in US millions) FYE Dec-14 FYE Dec-15 LTM Dec-16 FYE Dec-14 FYE Dec-15 LTM Oct-16 FYE Dec-14 FYE Dec-15 LTM Sep-16

Gerdau S.A.: Gerdau S.A.: Annual Update

CORPORATES CREDIT OPINION 8 February 2017 Update RATINGS Gerdau S.A. Domicile Porto Alegre, Rio Grande do Sul, Brazil Long Term Rating Ba3 Type LT Corporate Family Ratings - Dom Curr Outlook Negative Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Analyst Contacts Barbara Mattos, CFA

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

EM Remains In Favor; Shanghai Comp Breaking Out A weakening US dollar (DXY) continues to be a major tailwind for both EM equities and the commodity Sectors. Improving price and RS trends for these risk-on areas of the market are among the many characteristics consistent with historical bull markets. Therefore, we continue to label this a bull market and we believe global equities are still in the early innings of a broad-based advance. • EM Equities. Price action has remained weak for the US dollar (DXY), which has been great news for EM equities. As outlined in our 12/19/19 Int'l Compass an...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

MSCI ACWI hitting multi-month highs, U.S. remains leadership Note: This week's report is presented in an abbreviated format, as we are publishing the June International Macro Vision book this week (available next Tues. AM). Over the past several weeks we have outlined the case for our increasingly bullish outlook, noting that market internals remain favorable and S&P 500 and MSCI ACWI price trends are showing evidence of early-stage uptrend formations. In today's report we provide an overview of international markets and highlight our top recommendations. • Index overviews. Led by U.S. outp...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: EM Strategy

Highlighted themes and actionable charts: • Emerging markets (MSCI EM) versus Developed international (MSCI EAFE). Recent USD strength has weighed on EM's relative performance. Given (1) strength in commodity prices (sans precious metals), (2) the potential for some backing-and-filling of the USD, and (3) MSCI EM price and relative strength support levels continuing to hold, we see recent weakness as a buying opportunity... see below, left • Actionable countries. The MSCI BRIC index has reasserted its leadership status (see below, right) thanks primarily to a resurgent China which accounts f...

Gerdau S.A. - December 2016 (LTM): Peer Snapshot

Peer Snapshot: Gerdau S.A. - December 2016 (LTM) 28 February 2017 (in US millions) FYE Dec-14 FYE Dec-15 LTM Dec-16 FYE Dec-14 FYE Dec-15 LTM Oct-16 FYE Dec-14 FYE Dec-15 LTM Sep-16

Gerdau S.A.: Gerdau S.A.: Annual Update

CORPORATES CREDIT OPINION 8 February 2017 Update RATINGS Gerdau S.A. Domicile Porto Alegre, Rio Grande do Sul, Brazil Long Term Rating Ba3 Type LT Corporate Family Ratings - Dom Curr Outlook Negative Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Analyst Contacts Barbara Mattos, CFA

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