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SANTANDER MOMENTUMTRACK--Long/Short Strategies Based on a Momentum Model Southern Copper-Staying Bullish; Raising YE2010 Target Price A Monetary Easing Scorecard in Latin America: Who's Been Helped, Who Hasn't? Flashnote-CPFL Discloses Aggressive Long-Term Guidance Providencia-Waiting for the Next Growth Cycle; Reassuming Coverage with a Hold ALMACENES EXITO-Downgrading to Underperform on Valuation ROMI-Highlights of Our European Non-Deal Road Show Brazil SpreadTrack-ON/PN Spread Forecast-Long PETR3/Short PETR4 BRAZIL HEALTHCARE UPDATE-Resilient Membership Growth - a Look at the ANS Quarterly Data Brazil Oil Law Watch 22-Rights Offering Calculator: Estimating Valuation, Size, and Dilution BRAZIL STRATEGY-The Earnings Upgrade Phase Has Begun Flashnote-Energias do Brasil: Seeking to Sell its Distribution Arm MRV ENGENHARIA-Upgrading to Buy on Unwarranted Sell-Off FLASHNOTE SABESP-A Meeting with the Regulator Colbun:Curb Your Enthusiasm; Downgrading to Hold RESENDING: CMPC & COPEC -Growth in Times of Crisis; Setting YE2010 Target Prices, Upgrading CMPC SQM-Greener, Better, Faster, and Stronger; Introducing YE2010 Target Price CSN-The Best Option in an Expensive Sector CHILE STRATEGY-Consumption Will Have to Wait Telecom Argentina-Lack of Drivers in the Short Term; Introducing YE2010 Target Price BANCOLOMBIA-Staying Neutral; Introducing YE2010 Target Price FLASHNOTE-ALL: Issuance of Private Convertible Debentures: Positive LatAm Earnings Wrap-Up 2Q09:Mapping the Trough BRAZILIAN EDUCATION-Playing the Scale Game; Introducing 2010 Target Prices Flashnote: JBS Announces Merger with Bertin and Acquisition of Pilgrim's Pride Petrobras-Rights Offering Roadmap: Rationality to Reign? New Target Price AES Gener-2Q09 Results: In Line with Our Estimates at the Operating Line PAIR TRADES:FLASHNOTE-STOP GAIN REACHED:STOP GAIN LONG TAMM4 / SHORT GOLL4 USIMINAS - Reduce Exposure after Rally - Downgrading to Hold SANTANDER SHORTTRACK SEPTEMBER 2009:Short Interest in Brazilian Equities and Latin American ADRs LATAM INDUSTRIALS SEPTEMBER 2009:Leveraging on an Economic Recovery; Setting YE2010 Target Prices CHILE STRATEGY:AFPs: Is There Still Room to Invest in Local Equities? BRAZIL OIL LAW WATCH ISSUE #21:Constitutional Urgency Removed PRE-SALT WATCH ISSUE #17:Important Size Estimate Made, With Others to Come, in Our View; Christian Audi HYPERMARCAS-Main Highlights of European Non-Deal Roadshow BRASIL FOODS-A Global Feast of Synergies Brazilian Healthcare-Notes from the Road: Update on Main Themes in Healthcare Brazil Utilities-Brazilian Equities Conference Highlights: CPFL, EDB, Cemig, Tractebel, and Eletropaulo BRAZILIAN FOOD COST AND PRICE TRENDS AUGUST 2009:Dollar Export Price Recovery and Cost Relief Continue Copeinca-Benefits from ITQ to Accrue through 2010; Introducing 2010YE Target Price BRMALLS-Full Throttle; Introducing YE2010 Price Target and Maintaining Buy Itausa-Introducing YE2010 Target Price; Maintaining Buy BRAZIL: High Hopes