Trading Update | September 17, 2012
As I?ve mentioned in previous briefings, I have been avoiding the adding Brazilian electric utilities on concerns about pending rate changes.
However, I?m seeing a bombshell buying opportunity in one of my favorite utility stocks. And now is the right time to illuminate your portfolio with a name that I believe can provide a nice, quick gain.
Brazil is forcing power utilities to cut rates that manufacturers say are the fourth-highest in the world in a bid to make manufacturers more competitive and control inflation.
The country?s president, Dilma Rousseff, said this week that local businesses could see their electricity bills fall by more than the 28% previously announced as part of her plan to renew existing licenses of power companies.
So in response to all this, the Brazilian utility sector stocks headed for the floor in a massive one-day correction on Wednesday. And this is presenting us with a tremendous buying opportunity that we shouldn?t miss.
Read more in the attached weekly update about my favorite utility value plays in emerging markets.Happy trading this week! Rudy
If you can not see the file download button and link below for this posting it is because you are not logged in. Login or subscribe to see and download the latest trade ideas. It takes only 2 minutes to subscribe.
Source: http://www.latincapitalmarket.com/alert/brazils-renewable-energy-key-sustainable-earnings-power
david choe national wear red day gunner kiel gunner kiel groundhog soulja boy did the groundhog see his shadow
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.