BRF Brasil Foods (BRFS) notched up a 7.4% gain. Zacks Investment Research recently reaffirmed its neutral rating on the stock. Meanwhile, the company announced that its 2010 profit surged by 125% and sales were up 8.3% as compared to 2009 levels. Meanwhile, during the year, the company's market capitalization was up 21%.
Energy stocks Ultrapar Participacoes (UGP) and Petroleo Brasileiro (PBR) rose 5.6% and 4.5%, respectively. Petrobras recently revealed an update related to its own capital interest distribution for 2010 with the fifth interim payment being $0.09 per share.
Embraer (ERJ) shed 3.4% after the company provided guidance below analysts' estimates. For 2011, the company estimates net sales at $5.6 billion and EBIT at $420 million. Analysts polled by Reuters expect the company to report $5.9 billion sales on EBIT of $483 million.Companhia Brasileira De Distribuicao (CBD) dipped 1.4% past week. Brazilian supermarket sales recorded a decline of 7.1% in February 2011 as compared to the previous month. However, as compared to the year-ago month it was up 2.8% in real terms.
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