Brazil hosts the 2014 FIFA World Cup and the 2016 summer olympic games. Perhaps it is time to take a closer look at this emerging market, as China has surely stolen the spotlight lately. To be sure, popular Brazilian ADR’s like CPL PBR are far from healthy here. Nonetheless, the EWZ country ETF has been basing along tightly.
In addition, airline GOL has been one of the better-performing ADR’s out of the South American country, famous for beaches. I like it on further strength above $7.50.
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