Chinese and Indian stocks? They're so last year. At least that seems to be the case among more than 65,000 investors participating in Motley Fool CAPS, the Fool's free investor-intelligence community.
These days, many investors are looking to tap the growth potential of South American stocks. In fact, five of the top 40 rated stocks in the CAPS universe hail from Chile and Brazil.
Spring has sprung
Brazilian and Chilean markets remained hot over their winter months and have risen 53% and 20%, respectively, so far this year. Now that spring has arrived in the Southern Hemisphere, investors are hoping for an even warmer fourth quarter.
Among the hot companies on the continent, Compania de Minas Buenaventura SA
Steel and iron producer Gerdau
Here are the rest of the top South American stocks right now.
Company |
Country |
---|---|
Gerdau |
Brazil |
Banco Bradesco |
Brazil |
Brasil Telecom
Participacoes |
Brazil |
A.F.P. Provida |
Chile |
Aracruz Celulose |
Brazil |
Please bear in mind that these are not formal recommendations. I offer them here as jumping-off points for further research.
You had me at Oi
While 123 of 124 CAPS investors who have rated Brasil Telecom believe that the company will outperform the market, very few of them have given a detailed explanation as to why they think this is the case.
Sure, Brasil Telecom is a major player in the growing Brazilian communications industry and the stock is up 80% for the year. And yes, the company has an extensive network of fiber optics connecting the U.S., Bermuda, Venezuela, and Brazil. But the real growth story to watch at Brasil Telecom is its mobile-communications segment, which saw its revenue nearly double last year from $300 million to $583 million.
What do you think about Brasil Telecom? Will the company be able to capitalize on the growing demand for mobile technology in Latin America? Tell us what you think. More than 65,000 investors participating in Motley Fool CAPS are waiting to hear what you have to say.
To make your voice heard on Brasil Telecom, or any stock, for that matter, head on over to CAPS right now!