PagBank portfolio loses Itaú (ITUB4) and Vale (VALE3) at once; what to buy in the week?

In a difficult week for banks, Itaú fell 4.48% (Image: Reuters/Sergio Moraes)

THE PagBank traded nearly every stock in its weekly recommended portfolio, leaving only BB Security (BBSE3), from the previous selection, after the update.

According to the institution’s analysis, the insurance company’s stock continues to trend upwards, with crossed averages and upward sloping and volume balance (OBV) confirming the trajectory.

“The expectation is for the continuation of the upward trend seeking to renew the historical maximum price”, he says.

Itau (ITUB4) and OK (VOUCH3), two important names for the Ibovespa, were cut from the portfolio. The last week was bad for the performance of banks, with Itaú retreating 4.48% in the period, highlights the digital bank.

In addition to these two blue chips, the PRIO (PRIO3) and Mateus Group (GMAT3) left the wallet.

To balance outflows, PagBank included BDRs from Exxon Mobil (EXXO34) and Wells Fargo (WFCO34), in addition to the actions of portobello (PTBL3) and São Paulo Transmission (TRPL4).

See the new composition:

Company ticker
BB Security BBSE3
Exxon Mobil EXXO34
portobello PTBL3
São Paulo Transmission TRPL4
Wells Fargo WFCO34

PagBank’s portfolio appreciated by 1.68% last week, surpassing the 0.24% advance of the Ibovespa, its reference index.

Source: Moneytimes

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