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Stockchase Opinions

Cameron HurstIshares Msci Brazil Index FundEWZTOP PICKJan 08, 2019

New leader in Brazil. Minister of the economy is a well educated economist and widely seen has being more free trade and open market policy friendly. You really want to see the meaningful reforms start to kick in. Oil is working, weaker U.S. dollar, all supports Brazil and EM. Yield 2.7%.
$41.89

Stock price when the opinion was issued

$34.27

As of Jun 22, 2026. Market Open.

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BUY ON WEAKNESS
Brazil is a good choice for broad emerging markets. Geopolitical risk is present with change of government. Long run, Brazil relies on commodities (oil) to fund economy which is risky.
COMMENT
EWZ is large cap Brazil. Likes it. There are some political issues and bad news that represents where the stocks are undervalued. Prefers FLBR which is a low cost solution with mid and small caps.
BUY
He likes Brazil for its tax reforms, which will likely be moderate than originally feared.
TOP PICK
Volatile, not for the faint of heart. His models show deep undervaluation. 60% lower than prior to 2008 financial crisis, currency devalued. Holdings include Vale. Has the right makeup for the economic regime we're in for the next 2-3 years. Yield is 0.59%.
TOP PICK
Brazil is the one country with a growing PMI. This economy could do very well.
TOP PICK
Not without its volatility. Some leaked documents on pension reform causing it to move today. Good support and he likes the technical confirmation. Yield 2.5%
PAST TOP PICK

(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.

PAST TOP PICK

(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.

TOP PICK

The 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.

DON'T BUY

The 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.

WAIT

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.

BUY
(Market Call Minute.) MSCI Brazil ETF. They are very reliant on China, just like Canada. Feels it has the wind at its back.
DON'T BUY
MSCI Brazil ETF. Wouldn't go to Brazil right now as they have a big issue with inflation and commodity trades are starting to unwind. Commodity companies are going to be what drives Brazil.
DON'T BUY
Brazilian ETF. Caller wanted to short it, but guest doesn’t recommend it.