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link	country	Universe Stocks
Top Picks	AUSTRALIA	51
Top Picks	BRAZIL	76
Top Picks	BRITAIN	107
Top Picks	CANADA	67
Top Picks	CHILE	22
Top Picks	CHINA	115
Top Picks	COLOMBIA	16
Top Picks	DENMARK	12
Top Picks	FRANCE	57
Top Picks	GERMANY	37
Top Picks	HONG KONG	54
Top Picks	INDIA	98
Top Picks	INDONESIA	30
Top Picks	ITALY	17
Top Picks	JAPAN	110
Top Picks	MALAYSIA	42
Top Picks	MEXICO	29
Top Picks	NETHERLANDS	20
Top Picks	PHILIPPINES	22
Top Picks	RUSSIA	135
Top Picks	SOUTH AFRICA	51
Top Picks	SOUTH KOREA	115
Top Picks	SPAIN	24
Top Picks	SWEDEN	25
Top Picks	SWITZERLAND	36
Top Picks	TAIWAN	119
Top Picks	THAILAND	27
Top Picks	TURKEY	28
Top Picks	UNITED STATES	561

Top BRAZIL Long Picks

Ticker	Company	Sector	1m	6m	YTD	1yr	2yr	3yr	4yr	PE RATIO 2019	EV/EBITDA 2019	P/S 2019	P/B 2019	DIVIDEND YIELD 2019	GROSS MARGIN 2019	ROA 2019	ROE 2019	CUR RATIO 2018	QUICK RATIO 2018	INTEREST COVERAGE RATIO 2018	TOT DEBT TO TOT CAP 2018	EBITDA Margin 2019	revenue Growth 2020	Net Income Growth 2020	DPS Growth 2019	EBITDA Growth 2020	BPS Growth 2020	Capex Growth 2020	FCF Growth 2020	PEG Ratio 2019
MPLU3 BZ zranks	Multiplus SA	Consumer Discretionary	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	-34.10	11.55	20.68	11.4	6.7	7.4	16.3	3.2	95.3	21.3	145.5	1.1	1.1	17,227.7	0.0	70.6	270%	-0%	-0%	0%	-20%	17440%	0%	0.0
ODPV3 BZ zranks	Odontoprev SA	Health Care	20.51	-7.51	-34.46	20.96	-24.68	29.25	67.11	31.4	20.7	4.6	8.0	2.2	55.2	16.7	26.6	1.4	1.2	0.0	0.0	22.5	-30%	-10%	110%	-10%	-20%	110%	-40%	2.0
BBSE3 BZ zranks	BB Seguridade Participacoes SA	Financials	24.18	0.69	-32.68	38.65	-7.36	5.02	50.73	11.3	10.2	16.2	14.3	5.0	0.0	46.6	110.3	0.0	0.0	0.0	0.0	95.5	-40%	-30%	20%	-50%	-10%	-100%	0%	0.0
BVMF3 BZ zranks	B3 SA - Brasil Bolsa Balcao	Financials	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	0.0	19.0	0.0	0.0	0.0	0.0	7.0	10.8	1.3	1.2	6.4	15.3	72.1	0%	-30%	0%	10%	0%	100%	0%	0.0
BRPR3 BZ zranks	BR Properties SA	Real Estate	31.38	8.19	-41.57	70.31	-32.71	39.27	8.40	19.2	9.7	7.9	1.0	0.0	0.0	3.0	4.8	1.5	0.0	1.5	37.7	209.5	-30%	0%	0%	-80%	-30%	0%	-90%	0.2
CCRO3 BZ zranks	CCR SA	Industrials	38.36	-4.29	-39.08	71.93	-37.49	2.99	62.31	26.7	9.8	2.3	4.7	4.0	42.4	4.5	17.6	0.9	0.8	1.7	66.9	50.9	-30%	-60%	20%	-30%	-20%	610%	-80%	6.4
JBSS3 BZ zranks	JBS SA	Consumer Staples	31.56	7.35	-27.96	114.72	1.41	-15.16	17.50	11.3	6.0	0.2	2.3	2.1	15.6	5.1	22.0	1.7	0.9	1.8	66.8	9.7	-0%	-70%	20100%	0%	-0%	-0%	50%	3.8
HGTX3 BZ zranks	Cia Hering	Consumer Discretionary	17.78	15.68	-57.40	16.10	0.88	78.37	29.47	25.7	19.7	3.1	3.9	2.4	43.8	12.2	15.6	3.3	2.1	75.3	0.0	17.1	-50%	-20%	-20%	-60%	-10%	-10%	-70%	0.5
TBLE3 BZ zranks	Engie Brasil Energia SA	Utilities	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	0.0	10.3	0.0	0.0	0.0	42.3	8.6	34.7	1.1	0.9	8.9	60.6	51.8	-20%	-10%	0%	-20%	0%	20%	0%	0.0
CRUZ3 BZ zranks	Souza Cruz SA	Consumer Staples	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	17.2	10.8	5.9	11.7	6.7	63.7	26.3	69.2	1.5	0.6	25.7	22.8	42.1	-30%	-40%	10%	-40%	0%	-100%	0%	0.0
PSSA3 BZ zranks	Porto Seguro SA	Financials	6.08	-9.72	-37.96	20.67	33.77	38.94	18.83	14.7	0.0	0.8	2.5	3.4	0.0	4.4	17.3	0.0	0.0	0.0	44.6	0.0	-40%	-20%	-0%	0%	-20%	-100%	0%	0.0
RENT3 BZ zranks	Localiza Rent a Car SA	Industrials	13.16	61.82	13.03	63.06	16.35	102.52	72.54	42.6	19.4	2.5	6.6	0.9	24.6	5.0	19.5	1.1	1.0	2.3	71.2	21.7	-30%	-20%	40%	-20%	-20%	6520%	0%	2.0
TAEE11 BZ zranks	Transmissora Alianca de Energia Eletrica SA	Utilities	31.28	19.89	-7.85	36.40	7.88	9.59	71.87	10.7	12.3	5.0	2.2	5.5	68.0	10.1	21.1	3.0	0.3	3.7	41.9	61.9	-40%	-40%	-20%	-20%	-30%	5720%	0%	0.4
MPXE3 BZ zranks	Eneva SA	Utilities	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	0.0	12.1	0.0	0.0	0.0	39.5	4.6	9.1	2.2	1.8	2.3	45.1	46.5	-30%	-30%	0%	-20%	0%	140%	0%	0.0
QUAL3 BZ zranks	Qualicorp SA	Health Care	21.79	27.63	-25.33	228.94	-63.23	66.31	84.32	26.5	11.6	1.9	7.3	0.9	81.1	11.4	20.8	0.9	0.7	7.2	20.7	49.2	-20%	-10%	-50%	-20%	-10%	0%	-50%	1.2
ENEV3 BZ zranks	Eneva SA	Utilities	5.21	36.28	-1.62	161.89	-1.18	14.82	3.44	22.9	12.1	1.6	2.0	0.0	39.5	4.6	9.1	2.2	1.8	2.3	45.1	46.5	-30%	-30%	0%	-20%	-20%	140%	0%	0.0
LREN3 BZ zranks	Lojas Renner SA	Consumer Discretionary	25.56	-2.10	-35.08	42.38	3.39	67.90	68.41	39.4	19.6	3.6	9.5	1.3	61.1	10.8	25.4	1.4	1.1	16.0	32.7	24.8	-40%	-30%	20%	-60%	-10%	-40%	-20%	0.0
ENBR3 BZ zranks	EDP - Energias do Brasil SA	Utilities	19.69	5.32	-29.34	52.44	-6.88	3.62	50.16	10.0	6.9	0.7	1.4	1.8	19.4	5.3	15.1	1.5	1.1	3.4	43.5	19.1	-40%	-50%	-50%	-30%	-20%	-40%	0%	0.0
CSMG3 BZ zranks	Cia de Saneamento de Minas Gerais-COPASA	Utilities	24.28	-4.23	-35.84	9.59	32.01	22.81	198.09	11.4	6.5	1.6	1.3	3.0	41.8	6.6	11.6	1.4	1.2	4.8	36.3	34.1	-30%	-30%	0%	-20%	-40%	-30%	-70%	0.0
HYPE3 BZ zranks	Hypermarcas SA	Health Care	21.26	-11.31	-30.04	18.04	-24.21	45.04	49.03	19.0	18.2	5.1	2.6	3.0	63.3	10.4	13.7	3.0	2.2	28.6	6.4	36.3	-10%	-30%	10%	-20%	-20%	-50%	30%	0.0

Portfolio Longs Average Return 1m 16.6%, 6m 7.2%, YTD -21.2%, 2017 48.3%, 2016 -6.8%, 2015 26.1%, 2014 43.6%

Top BRAZIL Short Picks

Ticker	Company	Sector	1m	6m	YTD	1yr	2yr	3yr	4yr	PE RATIO 2019	EV/EBITDA 2019	P/S 2019	P/B 2019	DIVIDEND YIELD 2019	GROSS MARGIN 2019	ROA 2019	ROE 2019	CUR RATIO 2018	QUICK RATIO 2018	INTEREST COVERAGE RATIO 2018	TOT DEBT TO TOT CAP 2018	EBITDA Margin 2019	revenue Growth 2020	Net Income Growth 2020	DPS Growth 2019	EBITDA Growth 2020	BPS Growth 2020	Capex Growth 2020	FCF Growth 2020	PEG Ratio 2019
ITSA4 BZ zranks	Itausa - Investimentos Itau SA	Financials	31.54	8.40	-35.16	23.24	14.23	35.33	74.28	11.5	84.4	18.8	2.2	6.2	25.8	15.5	18.7	2.7	2.0	1.8	6.6	28.9	-0%	-50%	-20%	0%	-30%	-100%	0%	0.0
DTEX3 BZ zranks	Duratex SA	Materials	-0.96	32.93	-14.79	39.69	17.57	34.48	42.50	28.4	10.2	1.7	2.3	1.2	25.8	4.0	8.5	1.8	1.2	2.6	38.2	27.1	-20%	20%	-60%	-40%	-30%	50%	-80%	0.0
ECOR3 BZ zranks	EcoRodovias Infraestrutura e Logistica SA	Industrials	39.86	-7.18	-35.61	67.60	-29.79	52.91	103.18	0.0	11.5	1.7	19.9	0.0	38.1	-1.7	-33.9	1.5	1.4	2.5	92.1	34.5	-30%	0%	0%	10%	40%	-10%	0%	0.0
OIBR4 BZ zranks	Oi SA	Telecommunication Services	51.75	132.51	92.52	-5.85	-59.44	51.61	40.41	0.0	5.4	0.1	0.3	0.0	23.9	-13.1	-44.7	2.0	1.0	-6.4	41.8	19.4	-30%	0%	0%	20%	-40%	-30%	0%	0.0
ELET6 BZ zranks	Centrais Eletricas Brasileiras SA	Utilities	14.65	9.43	-27.58	36.49	5.94	-6.57	201.78	6.9	9.5	1.3	0.7	5.0	75.6	6.0	16.9	1.3	0.4	5.3	49.9	32.9	-10%	-50%	80%	20%	-30%	20%	0%	0.0
ELET3 BZ zranks	Centrais Eletricas Brasileiras SA	Utilities	12.11	12.72	-28.63	54.48	6.96	-16.65	381.91	6.9	9.5	1.3	0.7	5.0	75.6	6.0	16.9	1.3	0.4	5.3	49.9	32.9	-10%	-50%	80%	20%	-30%	20%	0%	0.0
CYRE3 BZ zranks	Cyrela Brazil Realty SA Empreendimentos e Participacoes	Consumer Discretionary	37.25	44.11	-18.87	98.54	8.09	27.42	71.17	27.5	22.6	1.3	2.4	2.5	30.9	4.2	8.4	3.5	1.6	-0.3	30.0	14.3	-30%	60%	20%	-10%	60%	-70%	1450%	0.3
BRML3 BZ zranks	BR Malls Participacoes SA	Real Estate	42.17	-5.00	-53.65	42.47	-11.69	21.00	70.31	11.8	10.0	9.2	1.4	1.9	0.0	6.8	11.6	1.4	0.0	4.9	20.3	140.8	-50%	0%	40%	-80%	-30%	0%	-70%	0.0
BRFS3 BZ zranks	BRF SA	Consumer Staples	37.41	-8.42	-52.27	54.81	-48.85	-25.43	8.97	23.5	8.6	0.6	3.6	0.0	24.2	0.7	4.0	1.3	0.6	-0.1	74.8	15.7	-10%	90%	0%	-30%	-30%	300%	-0%	0.0
GGBR4 BZ zranks	Gerdau SA	Materials	11.78	44.06	-11.53	32.81	4.63	13.20	183.91	28.2	8.5	0.6	1.3	1.1	10.6	2.3	4.6	2.1	0.8	3.4	36.5	13.3	-20%	30%	-60%	-10%	-10%	-30%	0%	0.9
CESP6 BZ zranks	Cia Energetica de Sao Paulo	Utilities	14.88	-1.86	-25.13	46.16	41.31	-1.20	26.83	9.2	13.6	4.2	1.5	0.0	30.5	10.0	16.3	1.0	0.7	11.7	3.0	54.9	-10%	-80%	0%	0%	-20%	70%	80%	0.0
POMO4 BZ zranks	Marcopolo SA	Industrials	31.78	-2.99	-46.95	8.19	-9.85	43.81	89.06	20.8	15.4	0.7	1.8	0.0	15.1	3.9	9.1	1.7	1.1	2.4	47.5	7.2	-40%	-80%	0%	-40%	-20%	-60%	0%	0.0
GOAU4 BZ zranks	Metalurgica Gerdau SA	Materials	14.06	41.72	-12.52	31.92	5.05	19.06	255.40	22.4	7.2	0.2	1.0	1.3	10.6	0.8	4.4	1.9	0.7	3.3	38.0	13.3	0%	0%	0%	0%	0%	-100%	0%	0.0
LAME4 BZ zranks	Lojas Americanas SA	Consumer Discretionary	4.44	-23.01	-28.63	28.62	-0.90	-1.26	28.74	59.0	14.6	1.8	8.0	0.7	36.4	2.3	14.0	2.1	1.4	1.1	71.4	18.4	-20%	-40%	120%	-30%	60%	-20%	-100%	2.1
LAME3 BZ zranks	Lojas Americanas SA	Consumer Discretionary	-2.15	-23.50	-23.74	28.62	-1.70	3.71	47.37	59.0	14.6	1.8	8.0	0.7	36.4	2.3	14.0	2.1	1.4	1.1	71.4	18.4	-20%	-40%	120%	-30%	60%	-20%	-100%	1.7
AEDU3 BZ zranks	Anhanguera Educacional Participacoes SA	Consumer Discretionary	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	#N/A N/A	51.6	23.6	3.1	2.8	0.0	42.3	3.4	5.5	1.8	1.6	3.6	25.6	16.5	10%	100%	0%	50%	10%	40%	120%	0.0
TOTS3 BZ zranks	TOTVS SA	Information Technology	-2.45	18.23	-7.59	131.54	-21.83	23.62	-2.53	46.1	23.7	2.1	5.0	0.9	67.4	7.1	11.2	1.4	1.2	4.3	27.1	20.7	-20%	10%	80%	-10%	-10%	300%	-40%	1.9
PETR3 BZ zranks	Petroleo Brasileiro SA	Energy	51.05	16.27	-32.89	23.56	29.49	-1.87	140.54	13.1	5.1	1.0	1.3	2.7	40.4	4.5	14.0	1.5	0.8	2.2	53.6	46.2	-30%	0%	-30%	-30%	-20%	10%	-70%	0.0
PETR4 BZ zranks	Petroleo Brasileiro SA	Energy	48.85	16.55	-31.01	32.60	25.30	6.43	170.08	13.1	5.1	1.0	1.3	2.7	40.4	4.5	14.0	1.5	0.8	2.2	53.6	46.2	-30%	0%	-30%	-30%	-20%	10%	-70%	0.0
EMBR3 BZ zranks	Embraer SA	Industrials	65.10	0.00	-62.96	-12.23	-6.91	25.09	-35.17	0.0	54.6	2.0	1.0	0.0	13.7	-3.1	-9.1	2.3	1.2	-6.3	48.1	1.8	40%	0%	0%	0%	-10%	-30%	0%	0.0

Portfolio Longs Average Return 1m 16.6%, 6m 7.2%, YTD -21.2%, 2017 48.3%, 2016 -6.8%, 2015 26.1%, 2014 43.6%

Portfolio Shorts Average Return 1m 25.2%, 6m 15.2%, YTD -22.8%, 2017 38.2%, 2016 -1.6%, 2015 15.2%, 2014 94.9%

tick	totrank
MPLU3 BZ	36.65
ODPV3 BZ	26.99
BBSE3 BZ	26.20
BVMF3 BZ	24.83
BRPR3 BZ	19.79
CCRO3 BZ	19.73
JBSS3 BZ	17.94
HGTX3 BZ	17.08
TBLE3 BZ	16.27
CRUZ3 BZ	13.55
PSSA3 BZ	13.24
RENT3 BZ	12.37
TAEE11 BZ	10.02
MPXE3 BZ	9.91
QUAL3 BZ	8.71
ENEV3 BZ	8.50
LREN3 BZ	8.41
ENBR3 BZ	7.58
CSMG3 BZ	7.18
HYPE3 BZ	7.06
CTIP3 BZ	6.03
BRKM5 BZ	5.83
PCAR4 BZ	5.66
BRAP4 BZ	5.04
KROT3 BZ	4.60
BRSR6 BZ	4.55
CPLE6 BZ	4.54
VALE5 BZ	4.17
VIVT4 BZ	4.01
SBSP3 BZ	3.99
ABEV3 BZ	3.88
VALE3 BZ	3.81
ESTC3 BZ	3.80
MRVE3 BZ	3.80
CPFE3 BZ	3.65
ITUB4 BZ	3.35
CIEL3 BZ	2.88
MDIA3 BZ	2.84
BBDC3 BZ	2.16
BBDC4 BZ	2.00
KLBN4 BZ	1.98
SULA11 BZ	1.28
SUZB5 BZ	-0.23
BBAS3 BZ	-0.54
SANB11 BZ	-0.85
WEGE3 BZ	-0.89
CSAN3 BZ	-2.05
CMIG4 BZ	-3.53
FIBR3 BZ	-4.59
UGPA3 BZ	-4.70
ALLL3 BZ	-5.34
USIM5 BZ	-5.58
ARTR3 BZ	-5.80
MULT3 BZ	-6.62
RADL3 BZ	-6.84
CSNA3 BZ	-8.37
EMBR3 BZ	-9.09
PETR3 BZ	-10.34
PETR4 BZ	-10.34
TOTS3 BZ	-13.42
AEDU3 BZ	-17.66
LAME3 BZ	-19.56
LAME4 BZ	-19.68
GOAU4 BZ	-19.77
POMO4 BZ	-20.05
CESP6 BZ	-20.28
GGBR4 BZ	-20.53
BRFS3 BZ	-20.75
BRML3 BZ	-22.09
CYRE3 BZ	-25.54
ELET3 BZ	-26.14
ELET6 BZ	-26.14
OIBR4 BZ	-27.22
ECOR3 BZ	-27.79
DTEX3 BZ	-37.47
ITSA4 BZ	-96.08