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[Chart] Dow Jones 27/05/2010

U.S. stocks rallied amid a statement from the Chinese Government denying reports it would sell euro-bond holdings. The Euro rebounded as concerns about Europe’s debt crisis ebbed. The Dow Jones advanced 2,85%, the S&P 500 climbed 3,29% and the Nasdaq (back into positive territory for 2010) closed up 3,73%.

Looking at the Dow Jones chart there is an interesting formation in progress which reminds us very much of the mini crash in January of this year triggered by the Greece debt crisis.

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Sadia S.A. Company Profile

Sadia S.A. is distributing refrigerated and frozen protein products as well as processed products such as beef, pork, and poultry. The company’s product portfolio contains over 700 items produced in 18 plants across 10 states in Brazil and several other countries including Russia and Netherlands. The distribution of its more than 1000 products is being handled by wholesale distribution and sales centers in almost every continent.
Sadia’s products can be divided into four different segments: Poultry, Beef, Pork and processed products (frozen and refrigerated products and margarine). The company acquired Avicola Industrial Buriti Alegre Ltda. (Goiaves) on the 14th of February 2008 and Baumhardt Comercio e Participacoes Ltda (Baumhardt) on the 26th of June 2008.
Sadia S.A. signed a merger agreement with Perdigao S.A. in 2009.

[Chart] PETR4 15/05/2010

As any other stock PETROBRAS is trading in very volatile environment at the moment. The stocks lost ~18% this year already despite very positive news including the discover of an offshore area holding approx. 4,5 bln bbl of oil and a second discover in the Potiguar Well. On top of this Petrobras reported a quarterly rise in profit of 23% on Friday after markets closed. Net income rose to 7.73 billion Reais ($4.3 billion), or 88 centavos a share, from 6.29 billion Reais, or 72 centavos, in the year-earlier period. All together very positive fundamentals which should give the stock some upwards potential next week providing markets (including crude oil) can stabilize.  Full Story

[Chart] 5 year Credit Default Swaps drop sharply amid Greece rescue plans

The cost of insuring Greek, Portuguese and Spanish government debt against default fell further on Tuesday after rising in earlier activity, according to data provider Markit. The spread on Greek credit default swaps narrowed by 37 basis points from Monday’s close to 590 basis points. That means the cost of insuring $10 million of Greek debt against default fell by $37,000 a year to $540,000. The Portuguese CDS spread narrowed 8 basis points to 267, while the Spanish CDS spread narrowed 4 basis points to 163. The Irish spread narrowed to 180 from 184.
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Perdigao S.A. Company Profile

Perdigao S.A. is engaged in the production of poultry and pork products through its wholly owned subsidiaries. During the year ended December 31, 2004, the Company’s wholly owned subsidiaries included Perdigao Agroindustrial S.A., Perdigao Export Ltd.

Perdigao S.A. signed a merger agreement with Sadia S.A. on the 19th of May 2009.

Paranapanema S.A. Company Profile

Paranapanema S.A. is a Brazil-based holding company that has interests in mining and processing non-ferrous metals, principally tin, copper and zinc, as well as the design, development and manufacture of metal products. The Company is comprised of four major divisions: Mamore, engaged in the extraction of tin and mineral ores; Cibrafertil, involved in the production of fertilizers and minerals; Caraiba, engaged in the extraction of copper and its by-products in Bahia state and Chile, and Eluma, manufacturing copper tubes and connections, as well as other related products. In addition, Caraiba produces a copper of 99.9% purity. Through its subsidiaries, the Company has activities across the Mercosul markets, in the United States, England, France, New Zealand, Southeast Asia and Israel.

Pao de Acucar S.A. Company Profile

Brasileira de Distribuicao Pao de Acucar is engaged in retailing of food, general merchandise, electronic goods, home appliances and other products from its supermarkets, hypermarkets and home appliance stores in Brazil. The Company operates 556 stores in 15 Brazilian states and 13 distribution centers. Brasileira de Distribuicao Pao de Acucar operates five principal store formats: Pao de Acucar (185 supermarkets), CompreBem Barateiro (176 supermarkets), Extra (79 hypermarkets) and Extra Eletro (50 home appliance stores) and Sendas (66 supermarkets). The Company has a broad structure formed by 12 distribution centers. Located in the cities of Sao Paulo, Brasilia, Fortaleza, Curitiba, Rio de Janeiro and Recife, the Company totals 350 thousand square meters of warehousing space.

OHL Brasil S.A. Company Profile

Obrascon Huarte Lain Brasil SA’s main activity lies in the exploration of federal roads, located in the states within Brazil. The Company is also associated with Latina Infrastructure S.A., OHL Brasil Participacoes, Autovias S.A., Centrovias Sistemas Rodoviarios S.A. and a concessionaire of Rodovias do Interior Paulista S.A. – Intervias.

Net S.A. Company Profile

Net Servicos de Comunicacao S.A. and its subsidiaries (Net Servicos) is a cable television multiple system operator (MSO) in Brazil. The Company and its subsidiaries provide cable television services under the NET brand name in Brazil’s major cities, including operations in the 4 largest cities: Sao Paulo, Rio de Janeiro, Belo Horizonte and Porto Alegre. The company has a subscriber base of 1,5 million connected people and its cabling network reaches more than 35 thousand kilometers, running through nearly 6.7 million homes. NET offers also Broadband Internet services through its NET VIRTUA brand name. The Company is also involved in the provision of pay television and open television services. As of December 31, 2009, the Company held shares in Net Rio Ltda, Net Recife Ltda, Net Sao Paulo Ltda, Reyc Comercio e Participacoes Ltda and 614 TVH Vale Ltda, among others.

Natura S.A. Company Profile

Natura Comesticos SA is a Brazil-based company that, along with its subsidiaries, is an integrated developer, manufacturer, distributor and seller of cosmetics, fragrances and personal hygiene items. Natura Comesticos’ products include products for the face and body, hair care and treatment products, make-up, fragrances, bath products, sun protection products, oral hygiene products and product lines for children. Products are distributed through direct sales by independent sales representatives (Natura Consultants). It operates in Argentina, Chile and Peru and products are distributed in Bolivia through an independent distributor. The company concentrates its production, logistics and research in Cajamar, State of Sao Paulo. In the Itapecerica da Serra unit, also in the State of Sao Paulo, the commercial and marketing activities are developed.

Metal Leve S.A. Company Profile

Mahle Metal Leve SA is a Brazil-based company, which manufactures pistons, rings, bearings, connecting rods, valve train systems, automotive filters and engine components. The Company forms part of the international Mahle Group. Mahle Metal Leve has eight plants in the cities of Mogi Guacu, Indaiatuba, Sao Paulo, Sao Bernardo do Campo, Maua and Itajuba. Its technology center is located in Sao Paulo and its distribution center is located in Limeira, to supply both national and overseas aftermarket, especially Latin America, Africa and the Middle East. The Company is a supplier to the major original equipment manufacturers: Volkswagen, Audi, BMW, John Deere, Porsche, Opel, Toyota, Ford, General Motors, Daimler Chrysler, Fiat, Renault, Peugeot, MWM, Cummins, Scania, Volvo, International, Caterpillar and Perkins, among others, and 50% of its production is exported to assembly plants in the United States and Europe.

MarcoPolo S.A. Company Profile

Marcopolo S.A. is a Brazilian producer of bodies for buses and coaches. The Company’s production is carried out at four manufacturing units in Brazil, and factories in Argentina, Colombia, Mexico, Portugal and South Africa. The Company’s product portfolio consists of bodies for intercity buses, which feature newly designed traffic signaling systems, rear-view mirrors and multiplex instrument panels with digital functions for the driver; bodies for city buses, which are designed to have harmonious interior forms and are handicapped-accessible; and bodies for midibuses, which are specifically developed for quick trips and feature greater width and height than standard buses (which results in more internal space for passenger accommodation and movement). The Company also offers bodies for minibuses. In addition, it produces seats. The Company’s products are exported to over 60 countries worldwide, including the United States, France, England, Germany, Spain, Mexico and other countries.

Magnesita S.A. Company Profile

Magnesita S.A. is a Brazilian company engaged in mining activities, as well as in the production and marketing of a wide range of refractory materials and the rendering of similar services in the different areas within its specialty. The Company owns mineral deposits in many regions of Brazil, but it is in Brumado (BA) where large reserves of magnesite and talc are found, and where its biggest mining activity takes place. Magnesita’s sintering plant in Brumado feeds its refractory plants in Contagem (MG) and Sao Caetano do Sul (SP). In addition, the Company exports sintered magnesia through its own ocean terminal in Aratu, in the State of Bahia. At its Contagem plant, the Company manufactures several types of refractoriness’ to meet the needs of the steel-making, cement and glass industries. Magnesita is headquartered in Montes Claros, Brazil.

Lojas Renner S.A. Company Profile

Lojas Renner S.A. operates 64 retail stores in Brazil, mainly in the south, southeast, and mid-western regions. The Company designs, develops and sells women’s, men’s, teen and children’s fashion apparel, footwear and intimate apparel under the eleven private brands of its Lifestyle concept, each of which targets a specific clothing style. The Company also sells accessories and cosmetics through two private brands and offers third-party branded merchandise in certain of its product categories. The Company issues its own credit card. Lojas Renner is controlled by JC Penney Brazil, Inc.

Lojas Americanas S.A. Company Profile

Lojas Americanas S.A. operates a retail chain in Brazil. The Company has 159 stores in the principal cities and 3 distribution centers, in Sao Paulo, Rio de Janeiro and Recife, and also operates in electronic commerce, represented by The Company sells more than 80,000 items from 4,000 different companies, such as clothing, convenience foods, toys, lingerie, household goods, perfumes, cosmetics and compact discs. Lojas Americanas has two main subsidiaries: Facilita Servicos e Propaganda S.A. (wholly owned) offers personal loans, financing of consumer goods, the Facilita financing card, cellular telephony services and payment of accounts, and S.A. Comercio Eletronico (80.4% interest), catering for the on-line purchasing requirements of customers that visit Lojas Americanas.

Localiza S.A. Company Profile

Localiza Rent a Car S.A. is a car rental company based in Brazil. Its core businesses are Localiza Brazil with 84 Company-owned outlets, Localiza Franchizing, a franchize business with 215 agencies and 7,140 cars operating in Brazil, Argentina, Mexico, Uruguay, Paraguay, Bolivia, Chile and Ecuador and Total fleet, a corporate rentals service in Brazil with a fleet of 9,489 vehicles.

Light S.A. Company Profile

Light S.A. is an energy distribution company based in 31 municipalities in the state of Rio de Janeiro, Brazil. The Company covers 11,132 square kilometers and serves approximately 3.4 million customers per year. The Company’s subsidiaries include Light Energia S.A., Light S.E.S.A., Light Esco Ltda., Lightger, Itaocara and others.

Klabin S.A. Company Profile

Klabin S.A. is a Brazilian company engaged in the integrated production of market pulp, paper and paper products. The Company owns 17 mills in Brazil, spread in eight different states, and one mill in Argentina. Klabin operates in a variety of market segments related to forest products, market pulp, paper and paper products. Its line of products comprises paper, folding boxboard for packaging, corrugated cardboard boxes and industrial bags in addition to logs. In addition to supplying the raw material – wood – to the pulp and paper mills, Klabin’s Forestry Unit is the major Brazilian supplier of logs for timber and lumber. The Forestry Unit supplies the company’s mills with approximately 6 million tons of wood/year

Itau Unibanco Holding S.A. Company Profile

Itau Unibanco Holding SA (Itau), formerly Itau Unibanco Banco Multiplo SA, is a Brazilian-based private bank. The Company offers services in underwriting, custody, equities brokerage, credit cards, consortiums, insurance, annuities and private pension plans, vehicle finance and financing to non-current account holders. Its customer portfolio include personal customers, micro, small , middle market companies, governmental bodies, institutional investors, high-income individuals and high net worth customers. As of December 31, 2009, Itau had a network of 3,948 full service branches throughout Brazil.

Banco Itau Holding Financeira S.A. Company Profile

Itausa – Investimentos Itau S.A. is a Brazilian investment holding company. The Company’s holding interests operate in such areas as the financial and real estate sectors, as well as the wood paneling, ceramic and metal sanitary goods, chemicals and electronic industries and covering the consumer goods, information technology, components, services and Internet sectors. The Company’s major holdings include Banco Itau Holding Financiera, an investment bank in Latin America with a portfolio of international interests; Itautec Philco, which is engaged in technological development in the banking and commercial automation sectors, and in the micro information technology segment; Duratex, a wood processing company; Deca, a manufacturer of metal and ceramic sanitary goods, and Itausa Empreendimentos, a property developer. The Company also operates Elekeiroz, a chemical company. It has an international presence through offices located in Europe, the Cayman Islands and Latin America.