'Bolsonaro Leads Lula in Brazil Runoff After First Round Surprise' - Bloomberg
https://www.bloomberg.com/news/articles/2026-10-09/bolsonaro-leads-lula-in-brazil-runoff-after-first-round-surprise
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StoneCo (NASDAQ:STNE) held its second-quarter earnings conference call on Thursday. Below is the complete transcript from the call. This transcript is brought to you by Benzinga APIs. For real-time access to our entire
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https://www.bloomberg.com/news/articles/2026-10-09/bolsonaro-leads-lula-in-brazil-runoff-after-first-round-surprise
StoneCo stock surged 24.8% on October 5, 2026, following Brazil's first round of presidential elections where conservative candidate Flávio Bolsonaro outpolled incumbent President Lula da Silva (47.3% vs 44.8%). Investors are optimistic that a Bolsonaro victory in the October 25 runoff could benefit the Brazilian economy and StoneCo, a Brazilian e-commerce software company. The stock is valued at 3.6x trailing earnings with forecasted 16% annual earnings growth.
Brazil stocks: the iShares MSCI Brazil ETF jumps 13% after Flávio Bolsonaro beats Lula in the first round, setting up an Oct. 25 runoff.