Santander Says Buy Brazil Builders, Retailers Amid Rising Rates
Brazilian stocks that depend most on domestic demand will likely gain even as interest rates climb, Banco Santander SA said in a note to clients today.
Santander strategist Marcelo Audi said investors should buy homebuilders such as MRV Engenharia & Participacoes SA and retailers such as Cia. Hering, saying recent underperformance was unwarranted given growth prospects.
To contact the reporter on this story: Alexander Cuadros in Sao Paulo at firstname.lastname@example.org
To contact the editor responsible for this story: David Papadopoulos in New York at email@example.com
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.