One of the investment alternatives preferred by Argentines because they allow them to have some coverage regarding the movement of the price of the free dollar are the Argentine Certificates of Deposit (Cedears), that is, variable income instruments that are listed locally in pesos on the ByMA, and that are equivalent to fractions of shares of large international companies and sectoral indices that are listed on Wall Street in dollars. Analysts surveyed by iProfesional te They recommend which 6 they select to invest in now.
One thing to consider Cedears is that they adjust their value based on two factors. The first is the devaluation of the local currency through the movement of the dollar counted with settlement (CCL). And, secondly, its value depends on the price of the asset itself represented in the United States, so it includes the risk and variation in the price of the company it represents..
For these reasons they are assets that allow you to protect yourself from local risk, diversifying the portfolio and investing in companies listed on foreign markets, while offering coverage against the devaluation of the peso.
exist more than 300 Cedears in Argentina that represent both companies worldas Coca-Cola, McDonald’s or Ferrari, among others, as well as indices of certain items (ETF Cedears), such as those of the S&P500, energy or technology.
The analysts consulted by iProfesional especially recommend the certificates of Apple and Vista Oil & Gasbut they also have more roles among their favorites.
Apple (AAPL) in Cedear
The technology company created by Steve Jobs, Manzanacan be purchased through Cedears, and is one of those recommended by experts.
“The Apple shares broke all-time records in the last days. There is a renewed appetite that made it worth more than Microsoft, given by very specific drivers: the announcement of its AI (Apple Intelligence) and for the launch of his new operating system that replaces an infinite number of parallel applications”, details iProfesional Gustavo Neffaeconomist and analyst at Research for Traders (RfT).
Argentine Certificates of Deposits (Cedears) allow you to buy in pesos a fraction of a stock or index that is quoted in dollars in the United States.
And complet: “Your cash flow strengthens after faltering with bad news coming from the sale of phones in China. “It is the company that you have to continue buying at maximums.”
This recommendation coincides Pablo Repettohead of Research at Aurum, to which he adds a political issue: “Also on a global level “We continue to see Apple’s and Coca Cola’s Cedears as a safe bet, thinking that in a few more months there will be elections in the United States, and it seems appropriate to seek coverage against some degree of volatility in the markets.”
Vista Oil & Gas (VIST)
On the energy sector side, one of the Recommended Cedears is VistaArgentine company that focuses on oil and gas, and that lists its shares only abroad.
“It is a Cedear from an Argentine company that is in a sector that I like, because I believe that the prices of commodities and oil are going to do well. Vista, I think it is a very neat company, has good results, and apart from that it is a firm of continuous growth. Now it has just announced an agreement with another company to import material and put more oil wells into production. Between now and 2026, the idea is to open 138 new oil wells; in fact, the amount of extraction has already greatly increased,” he says. Jose Banoeconomist and financial analyst.
To conclude that, in the very short term, due to price issues, “there are doubts with Vista, but medium term is a very good company to be in”.
For its part, Gabriel Proruk, equity researh from IEB, indicates that Vista has a “bet big on Vaca Muerta, where in the first quarter of the year they added a new drilling team that they hope will lead them to achieve greater production. Therefore, if international crude oil prices continue at sustained levels, said increase in production could translate into higher levels for EBITDA.”
In short, he maintains that the “enormous potential for development and growth that Vaca Muerta hasadded to the company’s solid fundamentals, make it extremely attractive to be positioned in its shares.”
You can choose more than 300 Cedears from the world’s most important companies and indices, such as Coca Cola, Apple or the S&P500.
Google (GOOGL)
Among the best-known companies, some analysts recommend the Google’s Cedarsthe main search engine and company that provides Internet services.
“Google leads in Internet products and services, software and electronic devices. The company dominates the distribution of AI functionality and has a 90% market share in search activity, which is why we recommend this Cedear,” Balanz indicates.
Mercado Libre (MELI)
Free market is the ecommerce company born in Argentina is not listed in the country, but it can be acquired as Cedar. The firm has a solid position in Latin America, mainly in the Brazil and Mexico marketscountries where most of its profits are concentrated.
“This allows you reduce the risk of the Argentine economy while offering the possibility of capturing the growth potential of the sector. Likewise, as reported in the results of the first quarter of this year, Mercado Pago continues to consolidate its position in the market, with a considerable increase in active users and managed assets, which results in an interesting growth of its credit portfolio,” he summarizes to iProfesional Carlos Fernandez Berissogeneral manager of IEB.
Fedex (FDX)
The company Fedex is dedicated to parcel correspondence, with a presence all over the world, and experts recommend your Cedar.
“It was not having a good time as a company, because it is closely linked to commerce and since the sector was not booming, it was half hit. As a result of that, had to make a series of adjustments, which I think were good, since it reduces costs by US$1.8 billion per year starting in 2024. With this, the operating margin has already greatly improved and that has an impact on the entire company,” Bano mentions.
And he adds that his indicator of price/earning is below average of the industry, because that ratio is 22 in the sector and in Fedex it is approximately 14, so “it has to recover positions, in a context where in the United States there may be an improvement in activity.”
S&P 500 ETF (SPY)
He Cedear of the S&P500 ETF is a bet on diversifying positions in the index that represents the top 500 companies in the United States.
“We believe that maintaining a portfolio position aimed at main US stock index is one of the right optionsespecially if you want to follow the trend of the stock market in this country with a low volatility level, given that said ETF seeks to replicate its behavior by investing in the main companies with the largest capitalization of the S&P 500″, concludes Proruk.-
