In a scenario of calm dollar price and high inflation, Savers look for investment alternatives to generate profits in the medium term. In this sense, Gustavo Neffamarket analyst and director of Research for Traders (RfT), recommends iProfesional 5 global stocks that look seductive to buy locally in pesos, through its Cedear format.
The Argentine Certificates of Deposit (Cedears) are variable income instruments which are listed locally in pesos on the ByMA, and which are equivalent to fractions of shares of large international companies listed on Wall Street in dollars.
Thus, They adjust based on two factors. On the one hand, they allow coverage from the devaluation of the local currency through the movement of the cash settlement dollar market (CCL). And, on the other hand, its value depends on the price of the asset itself in the United States.so it includes the risk and variation in the price of the company it represents.
In summary, these assets allow protect yourself from local risk, diversifying the portfolio and investing in companies that are listed in foreign markets while offering coverage against the devaluation of the peso.
In practice, in Argentina there are more than 300 Cedears from international firms and indices of certain sectors (Cedears of ETF), such as energy or technology. Even on April 10, another 17 new proposals were incorporated, such as Delta Airlines (DAL), Ferrari (RACE); Accenture (ACN) and Booking (BKNG), among others.
Now, among all the cedars that are listed in the local square, Gustavo Neffa recommend these 5 company papers:
Cedears are quoted in pesos and are fractions of shares of companies or global indices, so they are a way to hedge in dollars.
1. NU Bank (NU), Cedear Financial
Nu Bank is a digital bank with 80.4 million customers in Spain alone Brazilso this expert considers that he has “enormous growth prospects in the regionalso offering other services”.
This firm already has a valuation of US$54 billion and a very stable margin above 16% on sales, so it “aims to continue expanding its profitability”. You can buy your Cedear in pesos locally.
2. Barrick Gold (GOLD)
On the side of Barrick GoldNeffa considers that it is the “maximum reference for gold miners, which in these days has once again touched a new all-time high.”
It is that the figure of Higher-than-expected inflation in the United States plays in its favorbecause “there is a clear mismatch between gold miners and the metal itself, a gap that should be reduced in the medium term. Last year was the rebound in income, but this year will be the year of strong growth,” he recommends. this expert.
3. Chevron (CVX)
The cedars of the world hydrocarbon producer Chevronis another one recommended by Neffa.
“Still very far from their maximum prices, will continue to recover based on an oil price that has an increasing risk premium, since it recovers more than 20% this year. “Its good share buyback program and more than 4% annual dividends have an impact,” the analyst told iProfesional.
For Gustavo Neffa, there are 5 Cedears in the gold, oil and technology sectors that have the potential to grow in their price.
4. NVDIA (NVDA)
NVDIA has already become the third largest company in the United States based on positioning itself as the best chip maker with artificial intelligence and architectural solutions in cutting-edge systems for companies.
“It is already the best manufacturer of graphics processing units, because it has the 80% of the GPU market, but the jump from the video game “artificial intelligence is what drives it,” summarizes Neffa, about this firm that Cedear also has to invest domestically.
5. View (VIST)
The Argentine oil company Vista, which only trades abroad, continues to be a growing player in the domestic energy market, because it is focused on Vaca Muerta.
“Their Margins improve quarter by quarter and its increasing profits make it cheaper in relative terms. In fact, it has net margins of 43% on sales and a way to go in its price on the Stock Market from the current highs,” concludes the analyst to iProfesional.
In short, these are the 5 Cedears recommended by Gustavo Neffa, that have serious possibilities of continuing to provide interesting profits and, above all, provide coverage in dollars.-
