Jim Cramer: Regime Change in Brazil Is Good for Petrobras
Jim Cramer says a new president in Brazil will be a boon to Petrobras.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said a new president in Brazil will be a boon to Petrobras (PBR) - Get Report . While Jim Cramer isn't a fan of Petrobras, he said regime change in Brazil will strengthen the country's real currency, which will help Petrobras. Brazil President Dilma Rousseff is facing the possibility of an impeachment.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
