See the most recommended stocks by experts to invest in in February

February begins with the market digesting yet another rise in the Selic rate, which has returned to double digits after five years this week, as it follows the financial statements for the fourth quarter.

“The Brazilian stock exchange felt the escalation of interest rates by the Central Bank, leading investors to withdraw capital from the stock market, migrating to investments linked to the CDI”, highlighted Ativa analysts in a report released on Tuesday, when a rise of 1 .5 point at Selic was already widely expected.

Specialists point out that this flow, negative for the stock market, has led companies with excellent fundamentals, which are not necessarily affected by higher interest rates, to a very attractive valuation level, leading managers to turn their eyes to the stock market in order not to lose opportunities.

The financial statements of companies for the fourth quarter of last year are another factor that should influence assets in February. The season started on Tuesday with announcements from Cielo and Indústrias Romi.

“After a month of expressive increase, the expectation is that the results of the companies will have weight on the market this month, which also follows the domestic data and the events abroad”, highlighted the Planner analysts.

recommended portfolio

See below the monthly survey carried out by the CNN Brasil Business which seeks to register the most recommended actions among 12 banks and brokerages. The mining company Vale and the Itaú bank were the most indicated companies for February.

“Commodities were the great highlight at the beginning of the year, and the high exposure that Brazil has to them is also a factor that helped”, affirm the analysts at Ativa. About 40% of the Ibovespa is made up of companies related to raw materials.

“The banking sector also stood out with the buyer flow, as always happens when we observe this inflow of resources”, said Ativa.

To arrive at the list, the portfolios of Genial, Terra, Àgora Investimentos, Santander, Órama, CM Capital, Warren, XP, Guide, Safra, Ativa and Toro were counted.

Find out what analysts said about the eight most prominent stocks for this month:

OK

Action: VALE3

Comment: Phillip Dyon Flores Pereira Soares, from Órama

What we are seeing in the world right now are strong economies, with ample liquidity and robust economic activity. These components have held commodity prices up. In addition to this component, we see incentives on the horizon for infrastructure reform in developed economies, which will increase demand for ore in the future. This growth in demand has significantly impacted commodity prices and, consequently, has benefited mining companies in general.

The company has some plants that are stopped and so, even if the demand for ore increases, it will be possible to honor the orders without major problems.

Its robust semiannual dividend payout is a great attraction and a way to balance our investment portfolio with a very solid company.

Itau

Action: ITUB4

Comment: Régis Chinchilla and Heloise Sanchez, from Terra Investimentos

It is one of the largest financial institutions in Brazil, the bank’s network, together with affiliated and controlled companies, operates in all types of banking activities through its portfolios: commercial, investment, real estate credit, credit, financing and investment and leasing.

With international operations, the Company is present in 18 countries around the world. Among the positive points of ITUB4 is the adoption of strategic cost management, seeking to achieve greater efficiency with greater digitization and expansion in digital channels. which generated an increase of 39.8% in the Managerial Recurring Result, in addition to the highlights in digital, with 61% of FP hiring made via digital channels.

Another positive point was that Iti reached the mark of 10 million customers, 2.2 million of which in the third quarter.

WEG

Action: WEGE3

Comment: XP

In January, we attribute WEG’s weak performance (-2% vs. +7% IBOV) to recent increases in long-term interest rates worldwide (most notably in the United States), implying a negative effect on equities. of companies with higher growth expectations, such as WEG.

That said, we reiterate our positive view and buy recommendation for WEG, as we expect solid (and resilient) short-term growth prospects, in addition to encouraging long-term prospects for the company, supported by its highly innovative profile, and market share gains in foreign markets, recently reinforced by the company during its Investor Day.

Given the high correlation of WEG’s revenue with global investment cycles, we believe that the strong recovery of economies around the world and domestically should support more investments to be implemented, translating into a positive moment for the company’s revenue, associated with growth due to a continuous energy transition to renewable sources.

As WEG continues to increase its exposure to foreign markets, with low market share and a large addressable market, we comfortably see the prospects of organic growth for the segments explored by the company. Furthermore, we believe that WEG’s innovative DNA should anticipate high growth sectors.

Petrobras

Action: PETR4

Comment: Banco Safra

We are keeping Petrobras in our recommended portfolio. We believe that the company’s action should benefit from the continuity of the debt reduction process and the consequent adoption of the new dividend policy, in addition to the focus on assets with higher returns and the current levels of oil prices.

The main point of attention continues to be the possibility of interference in Petrobras’ pricing policy, but we believe that this risk is limited, as the company’s legislation and statute provide some protection against political interference.

BTG Pactual

Action: BPAC11

Comment: Phillip Dyon Flores Pereira Soares, from Órama

The bank has been consolidating itself as a complete financial services platform, serving from individuals to the most sophisticated customers. Thus, we welcome the increase in interest rates, which results in higher spreads charged in intermediation operations and generates a wide range of possibilities for structuring and providing services.

We also highlight the remarkable growth of operations delivered by the bank over the last two years, with special attention to wealth management services, which generate important synergies and revenues for the company. The bank’s greatest asset is the excellence of its team and its ability to deliver.

PetroRio

Action: PRIO3

Comment: Ilan Arbetman, from Ativa Investimentos

Faced with increasing tension between Russia and Ukraine, oil continued to see increases in its international price throughout January. Since Russia is a major global producer, futures prices of the commodity contemplated the expectation of more shocks in the global chain, which already has a relevant level of asymmetry between supply and demand since the first resumption of the pandemic, which occurred in mid 2020.

After the results of 3Q21, where even with the lower operating power of FPSO Polvo, failures in the centrifugal pump in Tubarão Martelo and still reaping the impacts of the more concentrated scheduled stoppages in the previous quarter, we updated our assumptions for Petrorio in the expectation that in 2022, the company to resume a more normalized operating path.

Despite the aforementioned issues, we remain constructive with the case. In 3Q21, Petrorio achieved an average extraction cost of U$D 12.3/barrel, the lowest ever recorded in a quarter.

We continue to believe that this metric may be even lower due to the conclusion of the tieback between Polvo and Tubarão Martelo and other opex mitigating actions, which remain at the heart of the company’s strategy.

With a negative net debt, we also believe that PetroRio may make relevant moves, such as the acquisition of the remaining 35.7% fraction of IBV in Wahoo and the conquest of the Albacora and Albacora Leste fields of Petrobras’ divestment program, which would add R$ 17.50/share to our target price and, for now, it is not included in our calculations.

vibrate

Action: BRDT3

Comment: Investment Guide

Vibra Energia is the largest distributor of fuels and lubricants in Brazil in terms of sales volume, with a market share in the fuel market of 28.0%.

The company divides its operations into three operating segments: (i) Service Station Network, with the largest national network, with more than 8,000 service stations that can also count on BR Mania stores and Lubrax + service centers; (ii) B2B, where it serves companies from different segments of the economy; and (iii) Aviation Market, having the largest distributor of aviation fuels in Brazil, present in 90 airports with a market share of 70% in the segment.

It presented its 3Q21 results slightly above the consensus, with revenue of R$35.7 billion, up 23% in the three months, and Ebitda of R$1.2 billion, up 16% in the quarter. The profit was R$ 598 million, an increase of 57% in the period. The evolution of revenue was due to the higher volume sold, 17% higher than 2Q21, with emphasis on fuel oil (+77%) and aviation kerosene (+40%), with the resumption of mobility after the second wave of COVID-19 that impacted 2Q21.

The company posted a market share gain of 1.5 pp compared to the previous quarter, reaching 29% with the addition of 51 service stations in the quarter, while maintaining the profitability of operations with an Ebitda/m³ of R$ 115, in line with the 2Q21.

Among the operating segments, the highlight was the B2B segment, with a 51% growth in Ebitda (R$ 551 million) compared to 2Q21, with a margin of R$ 150/m³ (+19% y/y) due to the strong increase from the sale of fuel oil and diesel to thermoelectric plants, and a reduction of R$ 79 million in operating expenses (-32% t/t) with lower expenses with personnel, freight and services, as a result of the company’s efforts to improve its operational efficiency.

In October, Vibra signed contracts that allow the purchase of up to 50% of Comerc Participações, a holding company that operates in the commercialization, energy management for free consumers, generators and small distributors and energy efficiency solutions.

The company has a portfolio of products and services that reaches an average volume of energy sold of approximately 2 GW, with more than 3,400 consumer units under management. Vibra will pay around R$3.25 billion for 50% of Comerc, pricing the company at R$6.5 billion, paying an estimated EV/Ebitda of 9.7x for 2022.

Renner stores

Action: LREN3

Comment: Pedro Serra, from Ativa Investimentos

The result for the third quarter of 2021 corroborated our expectations for a “return to normal”. Despite the still reduced flow of people in physical stores, the company delivered an SSS that showed a recovery in revenue, which has already surpassed the level of 2019.

At a time of pressure in the macroeconomic scenario, the fact that the company is capitalized is a positive factor, in addition to putting the company in a good position to take advantage of possible mergers and acquisitions opportunities that complement its ecosystem.

One of the pillars for Renner’s growth is its store expansion plan, with a guidance to open more than 100 stores of its main brand by 2025, despite already having a robust plant.

We also see the company in a good position to capture the increase in digital penetration in Brazilian fashion retail, with the acceleration of well-executed omnichannel initiatives that have been gaining traction, despite a strong comparison base (2020).

Reflecting the current assumptions for the country’s macroeconomic scenario, we updated our target price, however, we reiterated our purchase view for paper.