search instagram arrow-down

Bolsonaro and the Church of Mammon

I own two moribund stocks that are showing signs of life for all the wrong reasons: Banco Santander (SAN) and AmBev (Abev). I bought them on the cheap, near their 52 week lows and both stand to gain from Jair Bolsonaro’s recent victory in Brazil. Make no mistake, this guy is a far-right demagogue with homicidal tendencies, but for anyone peddling free market capialism, his election is an opportunity to make money. Banco Santander Brazil accounts for 50% of Santander’s profits and Bolsonaro’s victory means a University of Chicago economist will be running the Brazilian economy. In all likelihood this will prompt deregulation in the banking sector. For AmBev, a potential economic boom could raise profits across its food and beverage empire. But the main question is, whether or not Bolsonaro will be able to deliver. And that’s a big IF.

 

Abev

San

Leave a Reply
Your email address will not be published. Required fields are marked *

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: