A Localiza was the company most recommended by banks and financial institutions for the May stock portfoliowith three nominations.
The houses heard for this month were: BTG Pactual, EQI Research, Empiricus, Genial Investments and Santander.
Already with two nominationsthe most recommended actions were:
- Itaú;
- Itas;
- Petrobras;
- Eletrobras;
- Prio;
- Equatorial;
- Cury;
- Cosan.
According to Empiricus, Latin America emerges as a safe destination to allocate capital after the high risk appetite after the tariff of the president of the United States, Donald Trump.
“The various comings and goings in American commercial policy increase the uncertainty of the US investment environment, whose status of Porto Seguro is shaken. The country has exported capital to other parts of the world, especially Europe and Latin America, which, in relative, were ‘saved’ of the tariff,” wrote the house’s analysts.
This assessment is also shared by the genius, which has considered, however, that the continuity of this movement will depend on the Brazilian’s ability to balance fiscal responsibility with economic growth.
“Although there is still room for the appreciation of Brazilian assets, the market already operates in a zone of negative asymmetry, which requires greater selectivity and discipline by investors,” said the broker.
Empiricus also pointed out an environment with the imminence of End of Selic’s discharge cycle. This Wednesday (7), the Monetary Policy Committee holds its third meeting of the year to decide interest.
In the last decision, the Central Bank (BC) chose to rise in 1 percentage point to Selic, to 14.25% per year. However, in the statement after the meeting, the municipality signaled a slowdown in the rhythm of the high interest rate.
In the midst of this scenario, Localiza was attractive by financial institutions.
According to BTG Pactual, the company benefits from the strong demand for rent and a slightly better used car market, as well as having a good performance performance and support for high tariff increases.
“It is likely that the company will present a solid result in the first quarter, and we believe the market will closely monitor management statements about perspectives, which we expect to be constructive. However, we also consider Localiza as one of the highest quality theses with the highest beta that should benefit from the possible flow of investors after a compression in the interest curve,” said BTG.
