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

To contact the editor responsible for this story: David Papadopoulos in New York at

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