From Money Morning Staff Reports
The iShares MSCI Brazil Index (EWZ), an exchange-traded fund (ETF) that was the topic of the popular “Buy, Sell or Hold” feature on Monday, surged 9.9% yesterday (Thursday) and is now up 31% in the four days since Contributing Editor Horacio Marquez rated this ETF as a “Buy” in his column.
The shares, which closed Friday at $29.94, gained $3.52 each, or 9.9% each yesterday, to close at $39.09, and have now gained and have now gained $9.15 a share, or 31% since they were recommended by Marquez. They traded as high as $39.70 yesterday.
“Brazil is going to be a global powerhouse,” Marquez said in an interview this week. “Where else can you invest directly in the global oil industry, as you can here with Petrobras (PBR)? In fact, they play in all the key commodity sectors, including iron ore” – a key ingredient in steelmaking, by virtue of the Brazil-based Vale (ADR NYSE: RIO), formerly known as Companhia Vale Rio.
Brazil has $200 billion in foreign-exchange reserves, is conservatively managed, has kept its interest rates well above its inflation rate, has seen its debt get upgraded to investment grade, and recently allowed its currency – the Real – to depreciate, a move that will transform the country into an exporting force, Marquez said.
Marquez is also the editor of the newly created Money Moves Alert trading service.
[Editor’s Note: One of Money Morning’s strengths is ferreting out profit opportunities by observing global money flows. Whether its spotlighting safe-haven markets, or identifying which commodity class is poised for a run to record highs, money flows point the way. Our newest service – The Money Moves Alert – is designed to highlight profit plays for subscribers before they become obvious to the investing masses. Check out our latest report on this profit phenomenon. Marquez is the editor of the newly created Money Moves Alert trading service]
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Brazil.com:
The Real Currency Unit.
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[...] Buy, Sell or Hold Update: Brazil ETF Rated as a “Buy” on Monday …From Money Morning Staff Reports The iShares MSCI Brazil Index (EWZ), an exchange-traded fund (ETF) that was the topic of the popular “Buy, Sell or Hold” feature on Monday, surged… Money Morning is here to help investors profit … [...]
[...] Buy, Sell or Hold Update: Brazil ETF Rated as a “Buy” on Monday… Sign up below… and we’ll send you a new investment report for free: “Credit Crisis Report.” Marquez is also the editor of the newly… [...]
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[...] Buy, Sell or Hold Update: Brazil ETF Rated as a “Buy” on Monday… “Credit Crisis Report.” Marquez is also the editor of the newly created Money Moves Alert trading service. [ Editor’s Note… [...]
[...] Brazil is the most populous country in Latin America. And gold’s performance in the Brazilian real did not disappoint either. The record set in March at R$ 1,719 per ounce was easily surpassed in September with a sharp spike to R$ 2,069. Today, it sits at R$ 2,115; which is R$ 415, or 24%, above its March levels. [...]
[...] Brazil is the most populous country in Latin America. And gold’s performance in the Brazilian real did not disappoint either. The record set in March at R$ 1,719 per ounce was easily surpassed in September with a sharp spike to R$ 2,069. Today, it sits at R$ 2,115; which is R$ 415, or 24%, above its March levels. [...]
[...] a result, the market has valued Brazil’s consistently prudent policies highly. In the four days after my October 27 recommendation, the MSCI Brazil Index fund shot up 31% as investors realized how cheap high quality Brazilian equities were trading and forced liquidation [...]
[...] And once he did so, the ETF’s share price began to rally almost immediately. Coincidentally, in the four days following the publication of his column, the ETF zoomed 31%. [...]