NEW YORK ( TheStreet) -- Brazil's economy expanded 9% in the first quarter and is expected grow by 7.2% in 2010, according to the country's central bank. Brazil's hot economy, accompanied by low inflation, boosted domestic companies' sales during the second quarter. Ultrapar Participacoes (UGP - Get Report), Companhia Siderurgica Nacional (CSN) (SID - Get Report), and CPFL Energia (CPL - Get Report) posted earnings surprises for the quarter and noted Brazil's robust economy as the prime reason.Ultrapar is a leading conglomerate with businesses in fuel distribution (Ultragaz/Ipiranga), chemicals (Oxiteno) and storage for liquid bulk (Ultracargo). In August 2008, Ultrapar acquired Chevron (CVX - Get Report) Texaco's fuel distribution business in Brazil.
Brazil's Hot Economy Boosts Sales
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.