ETF
Brazil ETFs, Stocks to Buy Now
A Shortage of Homes. Believe it or not, there is a housing shortage in Brazil estimated at 5.8 million, according to Brazil's Minister of Cities.
There's money to be made from this real estate gap. Cyrela Brazil Realty, Brazil's largest developer, reported 2009 earnings that were 2.6 times higher than in 2008. My favorite Brazilian developer is Gafisa (GFA), which just raised $590 million in a stock offering to take advantage of this growth opportunity. Given the real scarcity of housing, I prefer GFA over the traditional mortgage lenders like Itau Unibanco (ITUB), Banco Bradesco (BBD) or Banco Santander Brasil (BSBR). So next time someone mentions a Brazilian bubble, remember that we have just been through the first serious correction in Brazilian stocks in the last five years. Those who had the courage to buy on dips did very well. Act on these ideas now! -- Written by Rudy Martin in Jupiter, Fla.TheStreet Premium Services
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