Banco Bradesco S.A.  (BBD) Trade Now »     Rate BBD  -  Discuss BBD  -  Add to Watch List        

Filed under: Citigroup Inc. (C), Bank of America (BAC), Wells Fargo (WFC)

Ken Heebner, who is the long-time manager of the CGM Funds, isn't afraid of risk. He often concentrates his portfolio on a few industries and is willing do dump stocks if conditions change.

Over the long run, the strategy has been a winner. But, of course, there can be some scary moments, such as this year (but who hasn't had troubles?)

I thought I would put up a list of some interesting South America stocks for a pair of reasons. First as you can see from the chart above of the ETF for the Latin America 40 (ILF) that the region’s stocks have pulled back significantly over the recent few months. Second, I have a strong interest in the region and keep my eye out for interesting stocks. I hope to point out a few here you have not heard of or considered.

By Jason Simpkins
Associate Editor

Brazilian stocks as measured by the country’s Bovespa benchmark stock index has fallen 20% from its May 20 record, but that doesn’t mean it’s time to give up on Latin America’s largest economy. Brazil still has plenty to offer, and with stock valuations low, it’s a good time to go bargain hunting.

By Mike Caggeso
Associate Editor

With incomes rising all over Brazil, Banco Bradesco SA (ADR: BBD), the country’s largest private bank, plans to add 350 new offices throughout the country in the next year and a half.

In an interview with Bloomberg, Banco Bradesco Chief Executive Marcio Cypriano said the retail expansion is a bid to sustain the bank’s staggering 30% annual profit growth.

“It’s possible to maintain the profit growth as long as we can boost our client base,” Cypriano said. “We need to grow our network to reach these people that are earning more.”