THE Terra Investimentos made a trade in its recommended portfolio of stocks for the month of December. The broker took positions in Gerdau 🇧🇷GGBR4) to make room for Eletrobras 🇧🇷ELET3🇧🇷
Analysts explain that Gerdau’s withdrawal is due to a strategic exchange taking advantage of the market discount.
The thesis of long-term investments at Eletrobras, officially privatized, involves restructuring with the return of CEO Wilson Ferreira, with cost-cutting programs and attraction of new investments in the sector, according to Terra.
Analysts stipulatepray-target in R🇧🇷 65.00 for ELET3.
portfolio performance
In November, Terra’s portfolio had a negative return of 7.34%, compared to a drop of 3.06% in the Ibovespa 🇧🇷IBOV🇧🇷
The portfolio’s positive highlights in the period were Gerdau and OK 🇧🇷VOUCH3), which jumped 31.65% and 27.68%, respectively.
On the negative side, Americans 🇧🇷AMER3) and Renner 🇧🇷LREN3) had the worst performances, with drops of 32.05% and 25.08%.
In the year, the brokerage’s portfolio accumulates an increase of 5.08%, while the Ibovespa has a performance of 7.31%.
See Earth’s recommendations for December:
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Source: Moneytimes
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