2024-01-22 16:05:19
© Reuters.
By Paula Arend Laier
SÃO PAULO (Reuters) – The week opened without a defined direction this Monday, despite the favorable external scene, with an increase in North American stock futures and a decline in the yields on United States Treasury bonds, in a performance pressured mainly by fall of Vale, Totvs and Lojas Renner.
At 10:52 am, the Ibovespa was stable, at 127,633.26 points. At its lowest point, it reached 127,161.92 points. At its maximum, it reached 127,829.01 points. The financial volume totaled 1.75 billion reais.
Overseas, futures signaled a positive opening to trading on Wall Street, as stocks also begin to turn towards the US corporate earnings season, while the 10-year Treasury yield marked 4.0823%, from 4.146%. last Friday.
In the view of the team of graphics artists at Ágora Investimentos, after last week’s movement, “Ibovespa indicated the formation of a hammer candle in a support region, which suggests the formation of a bottom in the short term and an expected reaction in the coming days, however still in the context of correction”.
In the last week, the Ibovespa accumulated a drop of 2.56%, increasing the loss for the month to 4.86%.
HIGHLIGHTS
– VALE ON (BVMF:) fell 0.50%, to 67.76 reais, on a day of mixed performance for futures in Asia, as financial agents continue to monitor the news about the government’s plans to place former minister Guido Mantega at the mining company .
– ITAÚ UNIBANCO PN (BVMF:) gained 0.43%, at 33.08 reais, while BRADESCO PN (BVMF:) rose 0.38%, at 15.70 reais, offering a positive counterweight.
– TOTVS ON (BVMF:) lost 2.21%, to 31.02 reais, with analysts from UBS BB (BVMF:) reiterating a “neutral” recommendation for the shares and reducing the target price from 36 to 35.50 reais. They estimate that the fourth quarter should come in below market expectations, while 2024 should also start weaker, but improving along the way.
– BRF ON (BVMF:) advanced 4.77%, to 13.62 reais, on the second day of recovery, after touching an intraday low since mid-November on Thursday, which caused the accumulated drop in the month until that moment it reached almost 12%.
– LOJAS RENNER ON (BVMF:) lost 2.27%, to 16.34 reais, against the backdrop of a Citi report revising forecasts and cutting the stock recommendation to “neutral”, as the bank’s analysts see 2024 like another challenging year.
– CIELO ON (BVMF:) appreciated 3.79%, to 4.65 reais, in another day of respite after five consecutive declines until last Thursday, when it reached an intraday low since mid-December. Goldman Sachs (NYSE:) maintained a “neutral” recommendation for the shares, but raised the target price from 3.80 to 4.50 reais.
– PETROBRAS PN (BVMF:) had a positive variation of 0.03%, at 37.54 reais, on a day of modest increase in prices abroad, where it increased 0.2%.
– AZUL PN (BVMF:) rose 2.06%, to 13.38 reais, with a report from JPMorgan (NYSE:) analysts citing acceleration in fares for tourist and corporate flights in the fourth quarter in the segment, while reiterating the company as its favorite share in the sector in Brazil, maintaining the “overweight” recommendation.
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