The election news is more bark than bite for Nu Holdings, MercadoLibre, StoneCo and PagSeguro. Funds and institutions seem to have been caught off guard and need to unwind positioning; the four should recover nicely over the next few weeks or months. x.com 

Excellent management makes dLocal, MercadoLibre and Nu Holdings three great companies to pick up at a discount after the Lula-election selloff. Their Brazil exposure sent them down 9%, 9% and 22% on claims that the investment climate had worsened, a claim worth questioning. x.com 

dLocal faces stronger competitors and margins that will keep falling. Many of its regions are a constant uphill battle; even if it does well long term, payments stocks are uninvestable. x.com 

PagSeguro, which operates PagBank, is priced like a declining business even though it is a profitable fintech with 34M customers, double-digit growth and a P/E of about 7x. x.com 

dLocal's diversified model makes its sharp selloff look unwarranted. x.com 

StoneCo is a risky buy despite its dividend. The company is profitable but faces heavy competition, with the risk it ends up like PayPal. This answers @Lobo33ludo's question about buying before the dividend payment. x.com 

Brazilian domestic-market companies such as Nu, XP, Itaú, Bradesco, PagSeguro, CSN and Inter stand to benefit from a falling exchange rate, so positioning belongs in the domestic market. The exporters Petrobras and Vale are the ones falling today, which fits that call. The view was laid out in an iProfesional article on which CEDEARs could take off depending on whether Lula or Flávio Bolsonaro wins Brazil's elections. x.com 

Colombia's election of a pro-business candidate could be a tailwind for fintech and e-commerce and for lower rates, which is bullish for dLocal, Nu Holdings, MercadoLibre and StoneCo if the new administration follows through on a more market-friendly agenda. Nubank is already expanding across Colombia and Mexico; its revenue grew from $2.2B to $3.7B in five quarters while operating expenses stayed roughly flat near $650M, showing operating leverage. x.com 

dLocal's take rates face merciless, structural pressure from regional competition and market structure. Management, by contrast, expects only an asymptotic take-rate decline and nothing structural. The stock fell 8% after Q1 earnings. x.com  x.com  x.com  x.com 

Brazil could be the Q4 macro story after Flávio Bolsonaro won the election's first round and, with most eliminated votes leaning right, became the runoff favorite against Lula. Brazil-linked stocks were priced for disaster on US yields, election risk and rate fears. Nu is the quality blue chip, while Inter & Co and PicPay have far more room to grow and are much cheaper; StoneCo, PagSeguro, dLocal and MercadoLibre are also candidates. x.com  x.com  x.com