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Citigroup favors Brazil and Argentina stocks

Feb. 13, 2019 3:53 PM ETEWZ, BZQ, UBR, ARGT, FBZ, BRZUBy: Liz Kiesche, SA News Editor6 Comments
  • Lower inflation is a key reason why Citigroup remains comfortable with its overweight recommendations for both countries' stock markets.
  • It's likely to drive positive economic conditions in Brazil and, in Argentina, should help Mauricio Macri get re-elected, which should ensure continued austerity measures, Citigroup strategist Guilherme Assis said in an interview with Bloomberg News.
  • In Brazil, "companies have reduced costs, increased efficiency and are able to grow without making huge investments," he said. He favors financials and consumer staples.
  • ETFs: EWZ, BRZU, ARGT, BZQ, UBR, FBZ
  • Previously: Brazil aims to make Vale private again, government official says (Feb. 13)

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