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The Zacks Analyst Blog Highlights: TIM Participacoes S.A., Cosan, Industrias Bachoco, S.A.B. de C.V., IRSA Inversiones y Representaciones and Vale S.A.

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Crown Castle (CCI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
In this article:
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For Immediate Release

Chicago, IL – Feb 28, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include TIM Participacoes S.A. TSU, Cosan Limited CZZ, Industrias Bachoco, S.A.B. de C.V. IBA, IRSA Inversiones y Representaciones IRS and Vale S.A. VALE.

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Tuesday’s Analyst Blog:

Buy These Latin American Stocks for Strong Gains in 2018

Even as U.S. equity markets endured a correction this month, a curious incident was underway. Stocks from Latin America began to turn in an impressive performance exactly around this time. This is a notable improvement from last year’s performance, when the iShares S&P Latin America 40 Index gained only 23.6%, coming in behind the iShares MSCI Emerging Markets Index, which returned 30.4% over the same period.

In contrast, Latin America stocks are up 14.4% this year versus 6.5% for their global counterparts. A large portion of the selloff’s global shock was absorbed by Chinese equities and it’s been relatively smooth sailing for their Latin American counterparts.

Analysts increasingly believe that stocks from the region have it in them to continue to outperform their Chinese counterparts. Prospects of economic growth also remain largely strong across Latin America, which makes stocks from the region intelligent additions to your portfolios.

Brazil’s Economy on the Rebound

According to data released earlier this month, economic activity for Brazil increased at a faster than expected pace in December. The country’s central bank’s economic activity index increased by 1.4% from the pace recorded in November, exceeding economists’ estimates which hovered around 1.1%. This was also the first annual increase recorded in four years.

This improvement comes after the economy suffered a two-year long recession between 2015 and 2016. Ultimately, the economy staged a recovery last year, expanding at an annual pace of 1%.

Analysts believe that his has been possible due to a series of capable economic ministers who have worked unceasingly, ignoring the political turmoil in the country. A crucial presidential election is scheduled for October, but with left leaning candidate Lula Inácio da Silva more or less out of the reckoning due to legal troubles, Brazil may actually be in for a period of relative political calm.

Argentina, Mexico Remain Strong Prospects

At first glance, Mexico’s prospects look clouded with its economy expanding at a slower than expected pace in the fourth quarter. Despite such a turn of events, the country still expanded at an annual pace of 2% in 2017, exceeding several other troubled economies across the region.

Additionally, populist candidate Andrés Manuel López Obrador is tipped to win upcoming presidential elections and Trump has threatened to withdraw from the North American Free Trade Agreement (NAFTA). But analysts feel markets have already accounted for Obrador’s victory and that it may be difficult to revoke NAFTA for practical reasons.

So, overall Mexico’s prospects continue to remain strong. Meanwhile, Guido Sandleris, a key advisor to Argentina’s Treasury Ministry revealed earlier this month that the country’s economy has expanded by nearly 2.8%.

This represents a clear recovery for Argentina after its economy contracted by 2.2% in 2016. Sandleris also projected that the economy would expand at a faster clip in 2018, by nearly 3.5%.

Our Choices

Latin America stocks have turned in a strong performance this year, especially since U.S. markets endured a correction. Overall, their economic prospects remain strong even as markets have largely priced in associated political risks.

Adding stocks from Latin America to your portfolios looks like a smart option at this point. However, picking winning stocks may be difficult.

This is where our VGM Score comes in. Here V stands for Value, G for Growth and M for Momentum and the score is a weighted combination of these three scores. Such a score allows you to eliminate the negative aspects of stocks and select winners. However, it is important to keep in mind that each Style Score will carry a different weight while arriving at a VGM Score. 

We have narrowed down our search to the following stocks based on a good Zacks Rank and VGM Score.

TIM Participacoes S.A. offers mobile telecom services across Brazil.

TIM Participações has a Zacks Rank #1 (Strong Buy) and a VGM Score of A. The company has expected earnings growth of 22.1% for the current year The Zacks Consensus Estimate for the current year has improved by 9.1% over the last 30 days.

Cosan Limited is the leading global ethanol and sugar company in terms of production with low-cost, large-scale and integrated operations in Brazil.

Cosan has a Zacks Rank #1 and a VGM Score of A. The company has expected earnings growth of more than 100% for the current year. The Zacks Consensus Estimate for the current year has improved by 3.3% over the last 30 days.

Industrias Bachoco, S.A.B. de C.V. is a leader in poultry production in Mexico and the United States.

Industrias Bachoco has a Zacks Rank #1 and a VGM Score of A. The Zacks Consensus Estimate for the current year has improved by 38.5% over the last 30 days.

IRSA Inversiones y Representaciones invests in and develops industrial, commercial and residential real estate in Argentina.

IRSA Inversiones has a VGM Score of A. The Zacks Consensus Estimate for the current year has improved by 20.8% over the last 30 days. The stock has a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Vale S.A. is one of the world's largest producers and exporters of iron ore and pellets. Vale is based in Rio de Janeiro, Brazil.

Vale has a Zacks Rank #2 (Buy) and a VGM Score of A. The Zacks Consensus Estimate for the current year has improved by 7.5% over the last 30 days.

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Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1 Stock of the Day pick for free.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
VALE S.A. (VALE) : Free Stock Analysis Report
IRSA Inversiones Y Representaciones S.A. (IRS) : Free Stock Analysis Report
TIM Participacoes S.A. (TSU) : Free Stock Analysis Report
Cosan Limited (CZZ) : Free Stock Analysis Report
Industrias Bachoco, S.A. de C.V. (IBA) : Free Stock Analysis Report
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