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Thursday, February 2, 2023

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See the shares to buy on the Ibovespa with fiscal uncertainty and high interest rates, according to Guide

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In a scenario of high interest rates and a drop in the Ibovespa, Guide Investimentos points out where the opportunities are (Editor: Julia Shikota)

the direction of Ibovespa in 2023 will depend on the performance of the Brazilian economy. while the investors begin to price in the new administration’s higher fiscal spending plans, the view on inflation it’s the economic growth also starts to get less optimistic.

Thinking about it, the Investment Guide prepared a report looking for opportunities in a scenario of high interest and fall of Ibovespa🇧🇷 According to the research team, the behavior of the future interest After elections had a negative impact on all Brazilian assets.

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But it generated good opportunities in all markets. For Guide, while there is no definition about who the president-elect’s ‘post Ipiranga’ will be or about the size of the Transition PECit is prudent to invest in assets that offer some protection🇧🇷

In this scenario, analysts Fernando Siqueira, Rodrigo Fraga and Gabriel Garcia recommend actions of “quality” companies that suffered significant declines in the recent period. In this group are: Arezzo (ARZZ3), Multiplan (MULT3), Totvs (TOTS3) and Itaú Unibanco.

Opportunities beyond the Ibovespa

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In addition, Guide Investimentos also suggests that investors protect themselves in assets indexed to inflation, such as NTN-B in fixed income, or in real estate funds🇧🇷 “Most funds have contracts indexed to the IPCA and, therefore, offer some protection as well”, explain the analysts of the research team.

For them, the Selic rate is already close to the peak, close to the 14% range, which is positive for the real estate funds🇧🇷

what to avoid

On the other hand, one must also be careful not to embark on a leaky canoe. Given the high risk with the situation SupervisorGuide points out that it is still prudent to avoid riskier investments.

On this list are companies heavily indebted in the stock market, real estate funds high yield and leveraged real estate funds. As for fixed income, LTNs do not offer the same protection against inflation built into NTN-Bs, reducing the risk-return of the fixed-rate bond.

Source: Moneytimes

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