Total appearances: 10
Team debut: 2005
Vaulting from runner-up to reclaim the No. 2 position it won in 2012 is the São Paulobased Credit Suisse pair directed by Bruno Savaris. The analysts, who report on nine stocks in this sector, also capture second place in Transportation. They are circumspect on this group for the foreseeable future, noting that Latin Americas capital goods shares, in general and Brazilian autos, in particular are recovering from a few exogenous factors, most of them driven by government interventionism, says Savaris. Public stimulus spending may have boosted sales last year, he acknowledges, but not enough to carry over in the long run. His Credit Suisse team sees Mills Estruturas e Serviços de Engenharia as an exception, however. Based in Brazil, the company provides heavy-construction gear, such as cantilevers, form-works, scaffolding and trusses, to the construction, oil services and shipbuilding industries. Millss appeal, says Savaris, is in its high exposure to infrastructure, a subsector that he and his cohorts anticipate will outperform over the next three years. Their research is reliably insightful, attests one money manager.