Stocks to invest in 2025, according to BTG Pactual; check

Stocks to invest in 2025, according to BTG Pactual; check





With 2025 upon us, BTG Pactual has released a selection of shares to invest next year.

The House highlights that 2024 was characterized by economic challenges in Brazil and abroad. In the United States, the postponement of interest cuts until September has brought market volatility in an election year. In Brazil, fiscal deterioration has investors worried.

Changes in headline performance targets and a lower-than-expected fiscal package have increased uncertainty about the sustainability of the fiscal framework. Fiscal fragility and inflationary pressures led the Central Bank to interrupt the cycle of cuts in the Selic, which closed the year at 12.25%, signaling new increases in 2025.

The fiscal scenario put pressure on the dollar, which surpassed R$6.10, and raised future interest rates, with nominal rates above 13% along the curve.

For 2025, says BTG Pactual, the political feasibility of the economic package and tax reform will be the key issues, while the independence of the Central Bank will face tests in a context of expected inflation of 5.5% and economic growth of 1 ,6%.

That said, the best stocks for invest in 2025according to BTG, they are as follows:

BB Security (BBSE3)

The house claims that the BB Security (BBSE3) stands out in the insurance sector, considered defensive by investors. The company boasts low default rates, high margins, a favorable competitive landscape and strong corporate governance. Furthermore, BTG says, with a distribution of 90% to 95% of profits, the risk of reinvestment is minimized.

Despite uncertainties over the renewal of the contract with Banco do Brasil (BBSA) in 2027-28, the market values ​​the company at no perpetual value, the house says.

Furthermore, analysts highlight, in a scenario of a rise in Selic, the BBSE is favored, as each 100 basis point increase in the interest rate increases consolidated net profit by R$100 million, thanks to the predominance of floating rate securities in its portfolio.

Equatorial (EQTL3)

THE Equatorial (EQTL3) has acquired 15% of Sabesp for R$67 per share, consolidating itself as a major shareholder and opening up opportunities in the healthcare sector, says BTG. The operation, according to the house, adds significant value and strengthens the attractiveness of the stock, which already operates with a competitive real IRR.

Analysts say the company continues to deliver solid operating results, with reduced energy losses, cost control and progress in acquired distribution concessions.

With an attractive valuation and a history of excellence in execution and capital allocation, Equatorial is viewed by BTG as a solid stock, with assets that offer inflation protection, predictability and organic growth.

Prio (PRIO3)

BTG Pactual remains optimistic about this Prio (PRIO3) highlighting its solid execution, strong cash generation and growth opportunities.

With leverage under control and projects progressing as planned, the company sees the company well positioned to increase cash distribution to shareholders.

Analysts expect pending environmental licenses to be released soon, allowing progress on projects such as Wahoo, Peregrino and Albacora Leste.

Trading at a high cash flow yield for 2025, Prio is seen by BTG as an attractive opportunity for long-term investors.

Mastercard (MSCD34)

According to BTG, the MasterCard (MSCD34) is a high-quality investment thesis, with a strong balance sheet, a projected ROE of 186% for 2025, and a defensive business model against inflationary pressures.

The company forecasts that the company is expected to grow at a CAGR of 14% in terms of earnings per share between 2023 and 2026, driven by resilient consumption and increasing international transactions.

According to analysts, the US economy, combined with robust savings and consumption, reinforces the positive outlook. Additionally, Mastercard is well positioned to address the potential impacts of inflation and restrictive policies under the Trump administration, BTG says.

Amazon (AMZO34)

BTG Pactual states that the main catalysts of Amazon (AMZO34) are growth of AWS, expansion of the advertising division and commitment to e-commerce, supported by robust consumption in the United States.

With expanding margins and a PEG multiple below its five-year average, the company represents an attractive opportunity for investors, the company says.

This article about shares to invest in 2025 is not an investment recommendation.

Source: Terra

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