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Opinions Keith Richards
Ishares Msci Brazil Index FundEWZPAST TOP PICKJun 12, 2017
Keith RichardsStock price when the opinion was issued
As of Jun 22, 2026. Market Open.
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Cameron HurstCameron Hurst(A Top Pick May 3/17, Up 14%) He took a 3% position. Sometimes these things don’t work out. You had a broken downtrend.
Keith RichardsThe chart shows a long downtrend from 2014, followed by a base and then an uptrend. It is now pulling back slightly and testing the trend line, and thinks it will go up for a little bit. This is going to be a trade.
Keith RichardsThe election has happened and the incumbent stayed in power. The Brazilian economy has been tough. The initial knee jerk reaction happened right after the election. There was not a new leader in place to take on the challenges and put forward economic reforms, so he would not be positive on investing in this today.
Some problems in Latin America. Two economies are stressing. Military brought in to retail stores because of inflation challenges. EWZ has huge exposure to several miners. It is not the best way to play it. There are smaller and mid-cap ways to play it. BRF might be a good one. As Fed begins to taper, he recommends waiting on Brazil.
(Top Pick May 3/17, Down 10%) His picks are always month by month. Brazil was moving nicely and then suddenly unpredicted political chaos happened. It will probably move back to the support level of $34 and he will say goodbye at that point. He is going to move on.