Xp Inc - Class A

Ambev ADRs recovered sharply after a 5.5% intraday slide, as Q2 operating cash flow jumped 54.5%, though 79% of the rise came from working capital.

Ambev shares gained 2.5% to R$16.26 ahead of Q2 earnings, with EBITDA estimates in a narrow R$6.50-6.68 billion range. Volume growth in Brazil beer is key.

XP Inc. shares dropped 3.78% in after-hours trading Monday after Q1 earnings showed higher profit but weaker net inflows and a lower retail take rate, offsetting a new buyback program.