Int'l Insights: Bullish Stocks
EM's leadership status poses a problem: it's so strong, it's so overstretched, that it's trading too far above support to comfortably buy. Beneath the MSCI EM Index's surface, however, pullback opportunities do exist, especially in one major market: Brazil.The Bovespa's one-month correction, -9.2% in depth, is currently testing long-term support (70,000-73,000 range). This zone of support also marks the upper boundary of the secular base pattern that the index broke out from in September. Given this context, we view this pullback as an attractive entry point to add exposure to Brazil.
In the remainder of this report we highlight actionable stocks, large- and small-caps, focusing on the long-term timeframe.
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Ambev is a beverage manufacturing group based in Brazil. Co. produces and sells beer, draft beer, soft drinks, other non-alcoholic beverages, malt and food in general, by participating either directly or indirectly in other Brazilian-domiciled companies and elsewhere in the Americas. Co. has operations in 18 countries: Brazil, Canada, Argentina, Bolivia, Chile, Paraguay, Uruguay, Guatemala, Dominican Republic, Ecuador, Peru, El Salvador, Honduras, Nicaragua, Saint Vincent, Dominica, Cuba and Antigua. Co. conducts its operations through three business segments: Latin America North, Latin America South and Canada.
Vermilion Research delivers timely, actionable, and unique research inputs to professional investors. Our research strategists highlight securities which we believe are at major inflection points, based on our various proprietary technical indicators, and offer asymmetric risk/return profiles. We believe our research methodology, which is not limited by industry sector or market capitalization, enables us to deliver superior investment recommendations.
Our process begins by organizing all actively traded stocks into coherent sectors, then into logical industry groups. We then apply our proprietary relative strength tools to identify developing price trends. Once attractive trends are identified within a selected sectors or groups, we screen for individual stocks which we believe offer the best risk/reward profile. Vermilion offers U.S. and global equity market research products. Vermilion’s research team, which has received numerous awards and accolades, has a combined 70 year of experience in the analysis of investment securities.
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