Best Brazilian Stocks

This Brazil Stock forecast was generated by the I Know First Algorithm through its analysis of Brazil stock market data and is part of the By Country Package. The full forecast includes daily predictions for a total of 20 stocks with bullish and bearish signals:

• Top 10 Brazil stocks for the long position
• Top 10 Brazil stocks for the short position

Package Name: By Country – Brazilian Stocks
Recommended Positions: Long
Forecast Length: 3 Months (2/28/21 – 5/31/21)
I Know First Average: 41.14%

For this 3 Months forecast the algorithm had successfully predicted 10 out of 10 movements. The top-performing prediction in this forecast was CBD, which registered a return of 77.96%. Other notable stocks were BAK and ERJ with a return of 76.62% and 52.16%. The package had an overall average return of 41.14%, providing investors with a 26.44% premium over the Bovespa’s return of 14.7% during the period.

Companhia Brasileira de Distribuição engages in the retail of food, clothing, home appliances, electronics, and other products through its chain of hypermarkets, supermarkets, specialized stores, and department stores primarily in Brazil. The company operates through four segments: Food Retail, Cash and Carry, Home Appliances, and E-Commerce. It sells non-perishable food products, beverages, fruits, vegetables, meat, bread, cold cuts, dairy products, cleaning products, disposable products, and personal care products; non-food products, which include clothing items, baby items, shoes and accessories, household articles, books, magazines, CDs and DVDs, stationery, handcraft, toys, sports and camping gear, furniture, mattresses, pet products, and gardening products; and electronic products, such as personal computers, software, computer accessories, and sound and image systems. The company also provides medications and cosmetics at its drugstores; and non-food products at gas stations. In addition, it is involved in e-commerce operations through the Websites, including Extra.com.br, PontoFrio.com.br, CasasBahia.com.br, Barateiro.com.br, PartiuViagens.com.br, and Cdiscount.com primarily in France; wholesale activities, such as B2B; E-Hub operations; and the rental of commercial spaces. The company operates its stores primarily under the Pão de Açúcar, Barateiro, Extra Supermercado, Minuto Pão de Açúcar, Pontofrio, Extra Hiper, Extra Super, Minimercado Extra, Assaí, Ponto Frio, Casas Bahia, and Conviva names. As of December 31, 2015, it operated 1,941 stores, 83 gas stations, and 157 drugstores in 20 Brazilian states and the Federal District. Companhia Brasileira de Distribuição was founded in 1948 and is headquartered in São Paulo, Brazil.

Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First subscribers.

How to interpret this diagram

Algorithmic Stock Forecast: The table on the left is a stock forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. Note that the top 10 stocks in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant stocks have been included. The boxes are arranged according to their respective signal and predictability values (see below for detailed definitions). A green box represents a positive forecast, suggesting a long position, while a red represents a negative forecast, suggesting a short position.

Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.