Here’s Why Traders Are Buzzing About Microsoft, Boeing, Visa, and More Today

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Petrobras Won’t Be Privatized Anytime Soon

Although the Brazilian government will give Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) more autonomy over pricing decisions to prevent corruption and increase returns on investment, Brazil’s government has no intention to privatize the company anytime soon. According to CEO Petro Parente, Brazilian society is not mature enough to even discuss privatization at this point. After falling sharply in 2014 and 2015, Petrobras shares have rebounded strongly in 2016, rising by 89% year-to-date. 23 funds that we track had a long position in Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) at the end of the first quarter, down by one quarter-over-quarter.

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Zimmer Makes Another Acquistion

A few weeks after it agreed to acquire LDR Holding Corp for $1.00 billion, Zimmer Biomet Holdings Inc (NYSE:ZBH) is in expansion mode once again, this time acquiring Medtech SA for around €120 million (or around $132 million). Zimmer already had a 58.77% direct and indirect stake in the company, and the acquisition will help Zimmer expand in the fast-growing robotic medical device category. 45 funds in our system were long Zimmer Biomet Holdings Inc (NYSE:ZBH) at the end of the first quarter, up by eight from the end of 2015.

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Disclosure: None


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