Over the weekend, the South American nation held the first round of its 2022 presidential election, and former President Luiz Inacio Lula da Silva was ahead in the polling -- and investors are cheering. As of 10:45 a.m. ET Monday, shares of Brazilian oil giant Petroleo Brasileiro (NYSE: PBR) (NYSE: PBR.A) (aka Petrobras) were up 12.4%, while electric and gas utility Companhia Energetica de Minas Gerais (NYSE: CIG) had gained 14.6%, and water utility Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE: SBS) (aka "Sabesp") was leading the whole Brazilian stock market higher with a 22.5% gain.
Image source: The Motley Fool. Companhia Energetica de Minas Gerais (NYSE: CIG)Q2 2022 Earnings CallAug 16, 2022, 2:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood afternoon, everyone.
It’s important to have a diversified portfolio. You’ll see that my portfolios run the gamut — there are large-cap names, growth stocks and momentum plays, but you’ll also find some lesser known stocks under $50 to buy and hold. Warren Buffett is the master of buy-and-hold stocks. The Oracle of Omaha made his career on finding the best stocks to buy and hold for his conglomerate Berkshire Hathaway (NYSE:BRK-A, NYSE:BRK-B). He famously said of his portfolio, “Our favorite holding period is forever