(@BamBamInvest) on getquin

1Wk·

$NU (+3%) / $MELI (+3.46%) - YTD Performance vs Brazilian Real/US Dollar

The Brazilian real is at a historic low against the USD. This is because the central bank is raising interest rates and the government is cutting spending by 12 billion dollars by 2026 to combat inflation.

The macroeconomic situation of high inflation has been a problem since Covid and even before. However, the entire region is growing at high rates. If you can keep inflation under control, things can look really good macroeconomically.

$NU (+3%) and $MELI (+3.46%) have done well so far anyway .

The 🇧🇷 central bank announces a cash auction of up to 3 billion US dollars on December 26

BamBamInvest

@BamBamInvest

2Wk·

$NU (+3%) - is trading at 18 times expected earnings, the lowest P/E ratio to date

Also sitting at support level with oversold RSI of 24.72 (as of 21.12.)

Believe we will soon see a recovery or at least a bounce, provided there is no negative news.

An appreciation of the Brazilian real or suitable measures to this end would be desirable:

Brazilian Real/USD vs Stock:

Stock vs EPS:

Brazil's central bank raises interest rates to support the currency. Inflation has risen slightly. Could raise concerns about pressure on consumers.

However $NU (+3%) performed well in the past despite this environment, surprising and recording strong customer growth.

💪🚀

+ 1

4 Comments

Smudo@Smudeo

1Wk

Here you can invest in an ETF:
$IBZL MSCI Brazil

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Patrick Schäfer@Hotte1909

1Wk

Simply because it's you

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