Empiricus analyst shares portfolio of companies that can bring good results even amid rising Selic rates; check it out (Image: iStock.com/traffic_analyzer)
As is already known, the Copom (Monetary Policy Committee) of the Central Bank decided on September 18th to increase the national basic interest rate, the Selic.
The rate rose 0.25 percentage points, from 10.5% to 10.75%, and the projection of the latest Focus report released on Monday (30) is that the Selic will end 2024 at 11.75% per year.
A new cycle of rising interest rates historically implies a less favorable environment for investments in risky assets, such as shares. Naturally, fixed income securities are once again attracting the attention of investors.
But is it possible, even at this moment in the market, to capture good profit opportunities on the stock market?
For those who think that the Ibovespa will be completely harmed, analyst Ruy Hungary, from Empiricus Research, an analysis house of the BTG Pactual group, explains that this is not exactly how it works. At least, not for now.
'The market is not all the same', says Empiricus analyst
In an interview with the program Onde Investir (from Seu Dinheiro, a partner portal of Money Times) in October, Ruy stated: “The stock market is not all the same. (…) When we talk about the Selic environment rising, many people think it will be very bad for all stocks, but, in fact, it is not quite like that.”
According to him, a more specific group of companies goes against common sense, being less affected at this stage – that of companies that pay dividends:
“Of course, the higher Selic makes most businesses difficult and makes the cost of debt higher, but companies that pay dividends end up feeling this effect less than (…) growing companies, which invest a lot in the short term to see a return up front. (This is because) companies that pay dividends have more short-term returns.”
Ruy also comments that the payment of dividends is like an incentive for the investor to remain: “He (the investor) has a reason to continue with these shares. Because even if you are seeing an increase in your fixed income yield, you will still be able to receive good dividends with your shares.”
How to select the best shares to invest in right now
Despite this, it is worth remembering the importance of carefully selecting which shares to start investing in. Not every dividend payer can do well at this time.
It is very common to start with actions that have a dividend yield high, for example, but that doesn't always mean a good deal.
According to Ruy, the company may not be paying good dividends now (which impacts its dividend yield), but it has the potential for good payments in the near future – which will consequently bring a “repricing of the share”, and the prognosis ends up being good for the medium or long term.
“You (investor) end up earning not only the dividends, but also the appreciation of the share. Which is, of course, the big benefit of carrying stocks compared to fixed income,” he said.
But what if the investor doesn't know how (or doesn't have time) to analyze which stocks are most promising amid high interest rates?
This is where the role of financial market analysts comes in.
Analyst brings portfolio with the best dividend-paying stocks in October
Ruy Hungary selects the five best dividend-paying shares available on the stock exchange every month and transforms them into a recommended portfolio for investors.
For this month of October, the stock selection criteria followed precisely the points mentioned in the interview: companies that have the potential to deliver good results even amidst the high Selic, and regardless of the dividend yield current.
For example, Ruy added construction company shares to his portfolio this month Cyrela (CYRE3). Common dividend yield currently at around 4.45%, the company's highlight is its resilience in times of double-digit interest rates.
“At this moment, looking at the quality of the company (…) even in an environment of high interest rates, we understand that (…) it will be able to deliver good results”, stated the analyst.
And if you want to know the other four stocks that make up Ruy Virgínia's recommended portfolio, you can – and for free.
Check out the portfolio recommended by Ruy Virgínia for free
If you haven't checked out this month's Where to Invest yet, no problem. Seu Dinheiro offers complimentary access to the wallet with the five best dividend paying stocks compiled by Ruy Hungary.
All you have to do to check it out is click hereor the button just below this article.
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