BBD

ETF Performance: Banco Bradesco saw a 1.9% increase with over 24.7 million shares traded, while Taiwan Semiconductor Manufacturing experienced a 2.3% decline on more than 9.0 million shares; Netease fell by about 4.7%.

Market Insights: The article highlights unusual trading volumes in the MFS Active International ETF, reflecting varied performances among its components.

Goldman Sachs Downgrade: Goldman Sachs has downgraded Banco Bradesco from Buy to Sell, lowering the price target to $2 due to concerns over the bank's profitability and return on equity remaining below its cost until at least 2027.

Capital Generation Concerns: The bank's muted profitability is expected to limit its organic capital generation, with shareholders' equity showing stability over the past year.

Financial Performance: Banco Bradesco reported a 37% increase in Q4 net income to BRL5.4 billion, with total revenue for the quarter reaching BRL32.3 billion, driven by growth across all revenue lines and a significant expansion in its loan portfolio.

Outlook and Strategy: The bank's 2025 guidance reflects a cautious approach due to macroeconomic uncertainties, emphasizing disciplined growth and ongoing investments in digital transformation while maintaining a focus on risk-adjusted returns.

Upcoming Ex-Dividend Dates: Banco Bradesco SA, Brown & Brown Inc, and AptarGroup Inc. will trade ex-dividend on 2/5/25, with respective dividends of $0.0031, $0.15, and $0.45 scheduled for payment in March and February 2025.

Market Impact and Dividend Yields: Following the ex-dividend date, shares are expected to open lower by approximately 0.15% for Banco Bradesco SA, 0.14% for Brown & Brown Inc, and 0.29% for AptarGroup Inc., with estimated annualized yields of 1.76%, 0.57%, and 1.15% respectively.

NASDAQ 100 After Hours Performance: The NASDAQ 100 is down -16.64 to 21,221.21 with a total after-hours volume of 97,070,353 shares traded; notable active stocks include AT&T unchanged at $21.91, Pfizer up slightly to $26.23, and Ford down to $9.94.

Stock Recommendations and Price Targets: Several companies have varying performance against their target prices, with Bank of America showing positive earnings revisions and expected significant growth, while Apple and Amazon are trading below their respective target prices.

ETF Performance Highlights: Banco Bradesco and Ambev saw significant trading volumes with increases of 1.3% and 1.7%, respectively, while Beigene experienced the highest gain at 9.2%. In contrast, Ultrapar Participacoes declined by 1.5%.

Market Commentary: The article reflects the author's views on the ETF market, which may not align with Nasdaq, Inc.'s perspectives.

Worst Performing Stocks: Eleven large-cap stocks experienced significant declines last week, with Symbotic Inc. leading the drop at 25.83% due to a revenue outlook cut, followed by Grab Holdings and Reddit, which also saw notable decreases.

Analyst Downgrades Impacting Stocks: Several companies, including Banco Bradesco and Dell Technologies, faced downgrades from analysts, contributing to their stock price declines, while Nutanix and Autodesk reported mixed financial results that led to revised forecasts.

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After Hours Market Activity: The NASDAQ 100 After Hours Indicator is up to 20,363.28 with a total volume of 88,960,494 shares traded. Notable stocks include VALE S.A. (+0.0099), Ford Motor Company (-0.48), and NVIDIA Corporation (-0.15), among others.

Earnings Forecasts and Reports: Several companies are scheduled to report earnings soon, including Gerdau S.A. on 11/4/2024, Apple Inc. and Amazon.com, Inc. on 10/31/2024, with consensus EPS forecasts indicating significant increases compared to the previous year for many of them.

ETF Performance Overview: The iShares Global Financials ETF saw significant trading activity on Tuesday, with Banco Bradesco down 1.3% and Bank of America up 1%, while Truist Financial gained 2.4% and W.R. Berkley dropped 4.8%.

Volume Insights: Banco Bradesco had over 30.5 million shares traded, and Bank of America exceeded 21.5 million shares, indicating high investor interest in these financial stocks.

After Hours Market Activity: The NASDAQ 100 After Hours Indicator is down to 19,990.22 with a total volume of 118,756,188 shares traded. Key active stocks include VALE S.A. and NVIDIA Corporation, both maintaining "buy" recommendations despite slight declines in their prices.

Stock Recommendations: Several companies such as Gerdau S.A., Intel Corporation, and Apple Inc. are reported to have mean recommendations in the "buy range," indicating positive investor sentiment, while some stocks are trading close to their target prices.

Banco Bradesco Analysis: Banco Bradesco SA (ADR) (BBD) receives a high rating of 75% from Validea's Shareholder Yield Investor model, indicating strong fundamentals and valuation in the Money Center Banks industry, particularly for its shareholder return strategies.

Meb Faber's Strategy: The strategy, developed by Meb Faber, emphasizes companies that return cash to shareholders through dividends, buybacks, and debt paydown, reflecting a focus on creating shareholder value.

Invesco China Technology ETF Performance: The Invesco China Technology ETF is performing well, up approximately 3.1%, with notable gains from PDD (up 5.5%) and Weibo (up 2.9%).

iShares Latin America 40 ETF Decline: The iShares Latin America 40 ETF is underperforming, down about 1.1%, primarily due to declines in Ambev (down 2.8%) and Banco Bradesco (down 2.3%).

Banco Bradesco's Shareholder Yield Rating: Banco Bradesco SA (ADR) (BBD) has received an 80% rating using the Shareholder Yield Investor model, indicating strong interest due to its focus on returning cash to shareholders through dividends, buybacks, and debt paydown.

About Meb Faber and Validea: Meb Faber, founder of Cambria Investments, developed the shareholder yield strategy which emphasizes value creation for shareholders. Validea is an investment research service that analyzes stocks based on strategies from renowned investors like Warren Buffett and Benjamin Graham.

Q2 2024 Financial Performance: Banco Bradesco reported a net income of BRL 4.7 billion for Q2 2024, a 12% increase from Q1, driven by growth in profitability, net interest income, and an expanding loan portfolio across various segments, particularly SMEs and individual clients.

Future Outlook and Strategies: The bank is focused on enhancing client engagement through new product offerings and digital platforms while maintaining a moderate risk appetite, with expectations for improved performance in net interest income and overall financial results in the latter half of the year.

Earnings Report Date: Banco Bradesco is set to report its Q2 earnings on August 5, with analysts predicting earnings per share of $0.075, down from $0.080 in the same quarter last year.

Sales and Profit Expectations: Analysts forecast a significant decrease in sales by 65.91% to $5.26 billion, but expect an average profit of $0.324 per share for the current fiscal year, up from $0.270 per share in the previous year.

Dividend Stocks at 52-Week Lows: This week, several dividend stocks are trading near their 52-week lows and are approaching their ex-dividend dates, making them potential bargain buys for investors looking to benefit from upcoming payouts.

Research and Tracking: Investors are encouraged to research the listed stocks (VALE, BBD, MFIC, LVS, INTC, F, EQT, OLN, BP, BSM) before purchasing, and can track all dividend stocks and their payouts using TipRanks’ Dividend Calendar.

Earnings Reports Overview: Several companies, including BioNTech SE, Tyson Foods, and The Carlyle Group, are set to report their earnings for the quarter ending June 30, 2024, with varying forecasts indicating significant changes compared to the previous year.

Industry Comparisons: Zacks Investment Research provides insights into Price to Earnings ratios for these companies, suggesting that many are expected to experience higher earnings growth than their industry competitors despite some reporting losses or decreases in earnings per share.

NASDAQ 100 After Hours Performance: The NASDAQ 100 After Hours Indicator rose by 85.84 to 19,448.27 with a total volume of 163,656,788 shares traded. Notable active stocks include NVIDIA (NVDA) up 2.07 at $119.09 and Meta Platforms (META) up 19.43 at $494.26, both receiving "buy" recommendations.

Upcoming Earnings Reports: Several companies are set to report earnings soon, including Kenvue Inc. (KVUE), Banco Bradesco Sa (BBD), and Apple Inc. (AAPL), with forecasts indicating significant year-over-year EPS increases for each.

Validea's Guru Fundamental Report for BANCO BRADESCO SA (ADR):

• BBD rates highest in the Shareholder Yield Investor model based on Meb Faber's strategy, focusing on companies returning cash to shareholders through dividends, buybacks, and debt paydown.

About Meb Faber and Validea:

• Meb Faber, founder of Cambria Investments, is known for his shareholder yield strategy and research covering various investment topics. Validea is an investment research service following strategies of investment legends like Warren Buffett and Benjamin Graham.