This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

10 Brazilian Stocks With Upside

NEW YORK ( TheStreet) -- Petroleo Brasileiro (PBR - Get Report), Tele Norte Leste (TNE), Fibria Celulose (FBR - Get Report), Gerdau (GGB - Get Report), Companhia Siderurgica Nacional (SID - Get Report), VALE (VALE - Get Report), Banco Bradesco (BBD), Companhia Energetica de Minas Gerais (CEMIG) (CIG), Itau Unibanco Holding (ITUB) and Banco Santander (Brasil) (BSBR) have an upside up to 44%, based on analysts' consensus estimates of 12-month price targets.

Brazilian stocks were pummeled to their lowest levels in more than five months at close Friday. Brazil's Bovespa has shed 2.24% and 5.7% during the last one month. Besides, depleting public finances and rising inflation numbers accentuated the decline. The Egyptian political unrest has shaken equity markets around the world.

The stock market correction comes a month after Inacio Lula da Silva, the former President of Brazil, claimed that Brazil is destined to become the fifth-largest economy by 2016. The International Monetary Fund earlier projected 2010 GDP growth rate at 7.5%, and Brazil's Finance Ministry forecasts 5% GDP growth in 2011.

We have identified 10 stocks across sectors like banking, commodities and telecommunication, which investors can consider for diversifying their portfolios. The stocks selected have a minimum market capitalization of $7 billion and delivered average gains of 11% to 15% during the last one year and are expected to generate 17% to 44% gains during 2011, according to analysts' consensus estimates.

1 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
BBD $13.18 0.00%
BSBR $4.98 0.00%
CIG $4.60 0.00%
FBR $12.96 0.00%
GGB $3.57 0.00%

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs