Jan. 5 (Bloomberg) -- BRF Brasil Foods SA, Cia. Siderurgica Nacional SA and Vale SA are among Banco do Brasil SA’s top 11 stock picks for January.
Investors should own food processor BRF, steelmaker CSN and iron-ore producer Vale on the outlook for rising commodity prices abroad led by Chinese demand, while domestic growth is bolstered by expanding credit and low unemployment, analysts led by Marianna Waltz wrote in a note.
Also included in the model portfolio are airline Gol Linhas Aereas Inteligentes SA, retailer Lojas Americanas SA, transport company LLX Logistica SA, oil producers OGX Petroleo & Gas Participacoes SA and Petroleo Brasileiro SA, apparel maker Guararapes SA, homebuilder Rossi Residencial SA and lender Banco Santander Brasil SA.
To contact the reporter on this story: Paulo Winterstein in Sao Paulo at firstname.lastname@example.org.
To contact the editor responsible for this story: David Papadopoulos at Papadopoulos@bloomberg.net