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The Lula effect on education stocks

The election’s effect on shares of education companies

Publicly traded companies in the education sector have seen their share prices soar in September, in anticipation that former President Luiz Inácio Lula da Silva could clinch the presidential elections in the first round (which didn’t happen, of course).

State of play. Firms such as Cogna (which works with primary schools and offers both in-person and remote higher education) and Yduqs (focused on colleges and preparatory courses for professional exams and hiring processes of new civil servants), skyrocketed in September – growing 14 percent and 14.5 percent, respectively.

This represented an important…

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