Top Stock #1 – AmBev (ABV)
Companhia de Bebidas Das Americas (ABV), or AmBev, dominates the Brazilian beer market. The company also sells its products in some 13 other countries, including Argentina, Peru, Ecuador, Uruguay and Venezuela.
This company is a great buy for two reasons: First of all, beer and soft drinks are consumer staples that have seen strong sales even during tough times. And secondly, AmBev is benefiting from the fact that the Brazilian real has appreciated dramatically against the U.S. dollar since March. The fact that Brazil’s currency has surged over 20% compared to the greenback means that this company’s sales and profits have been boosted significantly simply due to favorable exchange rates.
- Poll of the Day