Emerging Market
Auto production and sales in Brazil surge
Auto production and sales in Brazil surge as confidence returns — MercoPress.
The article linked above chronicles the increases of auto production and sales following the governments tax reductions on auto purchases. Auto sales hit a record in June. From the article:
A combination of tax breaks, lower prices and improved confidence has sent consumers flocking to [...]
Has the Brazilian economy bottomed?
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The 1st quarter earnings release for Companhia Siderúrgica Nacional (CSN) (SID: 38.04 -0.98 -2.51%) is linked above. I like CSN for its exposure to the Brazilian manufacturing market and huge EBITDA margins. Revenues and profits for the first quarter were down about a third from a year earlier as the Brazilian economy slowed [...]
Fearmongering hits Mexican economy and pork prices hard
It has been entertaining (kind of) to watch the amount of fear based generated by the supposed, alleged, sort of a pandemic caused by the swine flu. Unfortunately, today Reuters has burst the bubble:
Its global spread has kept alive fears of a possible pandemic, although scientists say this strain does not appear more deadly than [...]
Copa Holdings continues Latin America growth
Copa Holdings, S.A. – Copa Holdings Reports Net Income of US$51.9 Million for the Fourth Quarter of 2008 and US$152.2 Million for Full Year 2008.
Panama based airline holding company Copa Holdings, S.A. (CPA: 58.16 -0.21 -0.36%) has proven once again that a airline can actually make money. Copa is the holding company for Copa Airlines [...]
Stock Market searching for a new bottom
I have been believing that the market hit its lows for the current bear market in November, the week before Thanksgiving. It now looks like the market will be testing those lows again 3 months later. Here are the current values of the major market indices and their 52 week lows:
Dow Jones Industrials: 7,365.67….7,226.29
S&P 500: [...]
