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Looking Back at Brazil

MELI and PAGS continue to outperform strongly

Our article back on on January 16th highlighted Brazil stocks (EWZ) as a place to search for growth companies. We felt that Brazil’s economy should perform well in 2019 after better economic results and decreased regulation. We liked MercadoLibre (MELI) when the stock was trading in a range between $250 and $350 dollars. We then repeated our comments about MELI again in a Facebook post on April 11th. Now, this Top Ranked stock currently trades for $654 with a price target around $920, according to our research. It ranks 6th out of 63 names in the Internet sector. Initial support lies at $624 and further support at $608. Earnings are expected August 7th and we expect it to announce further accelerating growth. 

We also mentioned PagSeguro (PAGS) in that same article when it was trading for less than $22 a share. After two quarters of excellent earnings, the stock is now priced at $48. This is also a Top Ranked stock ranked 1st out of 98 names in the Business Products sector. It will report earnings on August 15th. 

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* Мы используем собственную систему ранжирования, основанную на 5 составляющих (2 относительных силы, 2 ценовых действия и 1 тренд), для определения привлекательности акций. Есть 6 типов акций: с наивысшим рейтингом (топовые), с высоким рейтингом, с нейтральным рейтингом, с низким рейтингом, с очень низким рейтингом, с чрезвычайно низким рейтингом.

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