Industries: Capital Goods – Second
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Industries: Capital Goods – Second

Bruno Savaris & team Credit Suisse


Credit Suisse leaps from runner-up to second place. Led by newcomer Bruno Savaris, who also captains a runner-up team in Transportation, the São Paulo–based threesome reports on 22 companies. The analysts “developed an impressive network over the past year,” marvels one supporter, who singles out a February downgrade of Brazil’s Iochpe-Maxion from outperform to neutral, primarily as fully valued at 31.60 reais; they had upgraded the truck-parts manufacturer from neutral way back in May 2010 as a bargain at 14.90 reais, capturing a heart-stopping gain of 112.1 percent that trumped the sector by 80.3 percentage points. By the middle of July, the stock had tumbled 32.8 percent, to 21.22 reais, since the downgrade. “Bruno is the first person to call in the sector,” insists one fan. For the rest of the year, the team is urging clients to stay defensive, stressing Brazilian auto-parts supplier Mahle-Metal Leve on its high dividend yield. — Ben Mattlin


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