What goes up must come down -- and boy, oh, boy is StoneCo (NASDAQ:STNE) stock ever coming down fast today! Shares of the Brazilian e-commerce software company took off like a rocket earlier this month after conservative candidate Flávio Bolsonaro outpolled incumbent President Luiz Inácio Lula da Silva 47. 3% to 44. 8% in the first round of voting in Brazil's presidential election. But the more important run-off election wrapped up last night, and Lula pulled off an upset, winning 51. 8% of votes cast to Bolsonaro's 48. 2%. Investors are furious, and they're taking out their ire on every Brazil-related stock they can find. StoneCo stock is down 30. 5% as of 10:15 a. m. ET.
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