Almost all Ibovespa shares were in the blue this Wednesday morning (15th). At 11:40 am, the only exception was the electric motor manufacturer Weg (WEGE3), with a drop of 0.78%, sold at R$ 24.06.
The highlight in the increases was for retail companies, among them Petz (PETZ3), which rose 6.84%, to R$ 10.78 at 12:30 pm.
Why so high?
According to Rodrigo Crespi, an analyst at Guide Investimentos, the increases are a reflection of what is happening in other global markets and here. “In Europe and the United States, the stock markets are positive today. We are in the so-called ‘Super Wednesday'”, he says, referring to the name that the market gives to the day when interest rates are set.
In Europe, the Central Bank held an emergency meeting to discuss the progress of these indices and this, according to Crespi, was well interpreted by investors.
In the United States, the Fed’s Federal Open Market Committee will release its monetary policy decision at 3 pm. There is a probability that the committee will increase the benchmark interest rate by 0.75 basis points.
Here in Brazil, the good news came from the IGP-10 (General Price Index – 10) which rose 0.74% in June, after having increased 0.10% in May, according to FGV (Fundação Getúlio Vargas). The result was below the median (0.78%) of the estimates of financial market analysts. “This means a deceleration of inflation”, says the analyst.
And that’s why the stock of retailers like Petz soars.
And is it worth buying Petz?
Analysts generally like the stock because Petz is a growing company with good profit margins. But it is good to remember that, in times of inflation and high interest rates, this is the type of action that will vary greatly in price, both up and down.
Even so, XP recommends the purchase, with a target price of R$ 26.
It is the same value estimated by BTG, which also suggests buying the stock.
