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What are the chances that the Brexit polls are wrong?

What are the chances that the Brexit polls are wrong?

To anyone getting all warm and cozy with the polls showing that voters will decide to stay with the European Union in Thursday’s Brexit vote, I’ve got just one word of warning: Michigan. Remember the Michigan primary between Hillary Clinton and Bernie Sanders this...

Sell Embraer (ERJ)

Doing some catch up on this stock. I dropped Embraer (ERJ) from the Jubak Picks 50 long-term portfolio (see my post http://jubakpicks.com/2011/01/18/6215/ ) on January 18, but this is the first time I’ve had an opportunity to explain why in detail or to actually...

Sell Branco Bradesco (BBD)

This is a very tough call. If I owned more than one Brazilian bank stock, I might not sell Banco Bradesco (BBD) out of Jubak’s Picks today—but I don’t. If I had less exposure to Brazilian stocks in my Jubak’s Picks portfolio, I might not sell Banco Bradesco—but I own...

Buy Banco Bradesco (BBD)

At the beginning of November I wrote that I’d recommend buying Banco Bradesco (BBD), Brazil’s second or third largest bank (depending on what you measure) if the bank’s New-York-traded ADRs fell to $20. Well, they just about got there yesterday, November 16, closing...

Go domestic with your international stocks

At the end of October China’s Communist Party formally endorsed the country’s new12th five-year economic plan. For 2011-2015 the plan envisions changing China from the world’s factory to the world’s market. During this period, China’s leaders intend to change the...

Buy Cosan (CZZ)

Sugar prices, which had been at a 30-year high at the beginning of this week, went through their biggest sell-off in 30 years on Thursday, November 11. That gives us a chance to pick up shares of Cosan (CZZ), Brazil’s big sugar processor and ethanol producer on...

Update Ambev (ABV)

Every quarter I think that the run in shares of AmBev (ABV) might be over. After all the stock is up 42% in 2010 as of November 8. But then the company does something to surprise me. And I decide that it’s worth staying on board. This time, the company said on...

Watch for a chance to add Banco Bradesco (BBD) on a dip

Sell on the news isn’t limited to the U.S. markets. The preferred shares of Banco Bradesco (BBD), the second largest bank in Brazil by market cap, dropped 4% on October 27 in Brazil and the ADR fell 5.3% in New York after the company reported a 40% increase in...

Update Vale (VALE)

Looking for a big shareholder friendly Brazilian commodities play? I’d look right past Petrobras (PBR) where the Brazilian government took a bigger stake in the company (48%) after the company’s $67 billion share offering last week to Vale (VALE), the country’s big...

Buy Gerdau (GGB)

Brazilian steel maker Gerdau (ADR: GGB) is on the march in the U.S. steel market and back home in Brazil. In the United States:  in August, the company acquired the remainder of the shares of its 66% owned U.S. subsidiary Gerdau Ameristeel. That gives Gerdau a wholly...

Update AmBev (ABV)

Shares of AmBev (ABV), the dominant beer maker in Brazil (69% market share), Argentina (76%), Bolivia (97%), Paraguay (96%), and Uruguay (97%), have been on a roll since the stock moved above its 50-day moving average on August 16. Shares are up 14% since August 13....

China's banks start to samba with Petrobras deal

Another sign of how fast the global financial markets are changing. Industrial and Commercial Bank of China (IDCBY.PK) will be one of the investment banks running the book for the $32 billion share offering of Petrobras (PBR). This will be the first time a Chinese...

Update Petrobras (PBR)

Disappointment on Petrobras (PBR). Although it’s disappointment that investors will ultimately get over. The government is charging Petrobras more than expected to buy 5 billion barrels of oil reserves. (Pre-transfer the company has proven reserves of 15 billion...

Update Lan Airlines (LFL)

This deal is a huge expansion for Lan Airlines (LFL) that will turn Chile’s national airline into a truly South American airline. Lan will buy Brazil’s Tam (TAM) for $3.7 billion. Shareholders of Lan will own 70% of the combined company. (Tam will be delisted and the...

Update Vale (VALE)

(I’m ratcheting up my vacation a notch next week for my annual summer recharge of my batteries and taking Jubak Picks completely dark for a week or so until August 24. I will resume my regular posting schedule when I return.) What was most interesting about...

Update Ambev (ABV)

(I am on vacation until August 24. During that period JubakPicks.Com will operate on a reduced posting schedule of one or at most two posts a day.) The noose got a little tighter around Mexican brewer Grupo Modelo, Mexico’s largest beer maker. On July 12 the company...