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Buy, Sell or Hold Update: Brazil ETF Rated as a “Buy” on Monday Has Now Posted a 31% Gain

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.

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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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This entry was posted on Friday, October 31st, 2008 at 9:30 am and is filed under Buy Sell Hold, Top News. You can follow any responses to this entry through the RSS 2.0 feed. Due to the amount of comments we receive Money Morning will not be able to respond to all questions. If you have not already registered to leave a comment, once doing so you will receive Money Morning's Daily Email.

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  1. Pingback by Brazil » Olhar contemplativo on 31 October 2008:

    [...] 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 … [...]

  2. Pingback by Credit Check On Credit Speak » Buy, Sell or Hold Update: Brazil ETF Rated as a “Buy” on Monday… on 31 October 2008:

    [...] 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… [...]

  3. Comment by olatunji ayodele on 31 October 2008:

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  4. Pingback by Credit Report On Credit Speak » Buy, Sell or Hold Update: Brazil ETF Rated as a “Buy” on Monday… on 31 October 2008:

    [...] 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… [...]

  5. Pingback by Gold Setting Records in Non-dollar Currencies on 17 February 2009:

    [...] 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. [...]

  6. Pingback by Jutia Group - Market Jitters & Political Critters on 17 February 2009:

    [...] 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. [...]

  7. Pingback by Buy, Sell or Hold: Brazil's Petrobras Will be Poised for Big Gains When the Economic Recovery Kicks Off in Earnest on 6 April 2009:

    [...] 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 [...]

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