Brazil's Election Shock Sends EWZ Soaring 13%: Every Brazilian Stock You Can Trade on the NYSE and Nasdaq

October 5, 2026

Brazilian assets just had one of their best days in years. The iShares MSCI Brazil ETF (EWZ) rose roughly 13% on Monday to trade around $43.30. If the gain holds through the close, it would be the fund's strongest session since March 2020. The cause was a surprise in Sunday's first round of Brazil's presidential election, and U.S. investors who want a piece of the move are now asking a simple question: which Brazilian companies can I actually buy on a U.S. exchange?

This article explains what happened, then lists every Brazilian company currently listed on the NYSE and Nasdaq. It also covers the notable names that have quietly left U.S. exchanges this year.

What Happened

Senator Flávio Bolsonaro, the son of former President Jair Bolsonaro, finished first in Sunday's vote with about 47.0% of valid ballots. President Luiz Inácio Lula da Silva received about 45.2%. Most pre-election polls had shown Lula leading by a few points. Neither candidate cleared 50%, so the two will meet in a runoff on October 25.

Markets read the result as a sign that a more market-friendly government is now the likelier outcome. Bolsonaro has campaigned on tighter public spending, tax cuts and privatizations. Investors had been worried about Brazil's fiscal path and high public debt, so the prospect of a policy change led them to cut the political risk premium they had been charging on Brazilian assets.

The reaction was broad:

• Brazil's Ibovespa jumped about 8.6% to a record near 208,650 points.

• The Brazilian real strengthened roughly 4–5% against the dollar, moving from about R$5.22 to near R$5.00.

• EWZ gained about 13%, and the small-cap version EWZS rose more than 15%.

For U.S.-dollar investors, the rally came from two sources at once. Brazilian stocks rose in reais, and the real itself rose against the dollar. That is why EWZ's gain was noticeably larger than the Ibovespa's.

The Biggest Movers

The intraday figures below were reported during Monday's session and may differ from closing prices.

The pattern makes sense. Banks, brokers and other interest-rate-sensitive financials led, because a more credible fiscal outlook could eventually allow lower borrowing costs in Brazil. Petrobras rallied on expectations of less government interference in the state-controlled oil giant. Vale, whose earnings depend more on global iron ore prices than on Brazilian politics, lagged well behind.

The Complete List: Brazilian Stocks on the NYSE and Nasdaq

Traditional Brazilian Companies (Mostly ADRs)

These are Brazilian-incorporated companies whose primary listing is on B3 in São Paulo. They trade in New York through American Depositary Receipts.

Notes:

• Azul moved up to the NYSE main board in July 2026. That followed a Chapter 11 restructuring and a brief stint on NYSE American.

• Copel restructured its share classes when it migrated to B3's Novo Mercado segment. Check which of its ADR tickers is active at your broker.

• JBS is legally domiciled in the Netherlands, but its roots and much of its business are Brazilian.

Brazil-Based Companies Incorporated Abroad

Many of Brazil's newer growth companies are incorporated in the Cayman Islands or elsewhere and list their shares directly in the U.S. Their customers and operations are overwhelmingly Brazilian.

2026's new arrivals: PicPay debuted on Nasdaq in late January. It was the first Brazilian IPO in the U.S. in more than four years, and it raised about $434 million at $19 per share. Agibank followed on the NYSE in February with a scaled-back $240 million offering priced at $12. Both stocks traded poorly after their debuts, which cooled hopes for a wave of further Brazilian listings.

Not on this list: MercadoLibre (MELI) earns its largest share of revenue in Brazil and rallied on Monday, but it is an Argentine-founded company, so it is excluded here.

Names That Have Left U.S. Exchanges

Several companies that many investors still think of as NYSE or Nasdaq stocks are no longer listed there. Most cited high U.S. compliance costs and thin U.S. trading volume compared with B3.

OTC-traded ADRs can still be bought through many U.S. brokers. Liquidity is usually thinner, however, and bid-ask spreads can be wider.

The Risks

Monday's rally prices in a result that hasn't happened yet. Here are the main things to weigh.

• The runoff is not decided. Bolsonaro's first-round margin was under two percentage points. A Lula win on October 25 could undo much of Monday's move, and possibly more.

• Policy promises are not policy. Even if Bolsonaro wins, markets will want concrete fiscal plans. Brazil's next president will inherit high debt, rising mandatory spending and limited budget flexibility.

• Currency cuts both ways. The stronger real boosted dollar returns on Monday. A reversal in the currency would hurt dollar returns even if Brazilian stocks hold steady in local terms.

• Not all stocks are equal. Commodity exporters like Vale depend heavily on global prices. Domestic banks and consumer names are far more exposed to Brazilian politics and interest rates.

• Small caps carry extra risk. Several smaller Brazilian names on U.S. exchanges trade thinly, and this year's string of delistings shows that U.S. listings are not permanent.

The Bottom Line

Brazil's first-round surprise set off a historic one-day repricing of Brazilian assets. U.S. investors have plenty of ways to get exposure. The broad options are ETFs like EWZ and EWZS. There are also roughly three dozen individual companies on the NYSE and Nasdaq, from Petrobras and Itaú to newer fintechs like Nubank, XP and PicPay. The next big test comes on October 25. Until then, expect volatility.

This article is for informational purposes only and is not investment advice. Market figures reflect intraday reporting on October 5, 2026 and may differ from closing prices. Listings change frequently, so verify a ticker's current status with your broker before trading.