Cathie Wood’s ARK Scoops Up 2 Brazilian Stocks Amid Selloff On Lula’s Win; Michael Burry Sees ‘Opportunity’ In One
Published . Updated .
Covered by 3 outlets: Stocktwits, TradingView, Yahoo Finance.
Who covered it: Center 1 · Not rated 2. How we rate outlets
Following a sharp selloff in Brazilian stocks after election results, ARK Investment Management purchased shares worth $964.8K in Nu Holdings and shares of MercadoLibre worth $3.7 million across two of its exchange-traded funds.
Directly affected
Indirectly affected
- EWZ iShares MSCI Brazil ETF+12.9% 30d
iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“brazilian”).
- PBR Petróleo Brasileiro S.A. - Petrobras
Petróleo Brasileiro S.A. - Petrobras (crude petroleum and natural gas) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazilian”) reaches its shares.
- ITUB Itaú Unibanco Holding S.A+23.6% 8d
Itaú Unibanco Holding S.A (state commercial banks) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazilian”) reaches its shares.
- VALE Vale S.A-3.1% 12d
Vale S.A (metal mining) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazilian”) reaches its shares.
- ABEV Ambev S.A+6.6% 30d
Ambev S.A (beverages) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazilian”) reaches its shares.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| NUNo price data for this ticker | — | — | — | — | — | — | — |
| MELINo price data for this ticker | — | — | — | — | — | — | — |
| EWZNo price data for this ticker | — | — | — | — | — | — | — |
| PBRNo price data for this ticker | — | — | — | — | — | — | — |
| ITUBNo price data for this ticker | — | — | — | — | — | — | — |
| VALENo price data for this ticker | — | — | — | — | — | — | — |
| ABEVNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.
Cathie Wood’s ARK Scoops Up 2 Brazilian Stocks Amid Selloff On Lula’s Win; Michael Burry Sees ‘Opportunity’ In One Stocktwits
Source: Stocktwits
This story
38 out of 100
“Cathie Wood’s ARK Scoops Up 2 Brazilian Stocks Amid Selloff On Lula’s Win; Michael Burry Sees ‘Opportunity’ In One” scores 38 out of 100. The score uses 3 sources.