The brokerage firm Órama Investimentos set up a portfolio with receipts for foreign shares, known as BDRs (Brazilian Depositary Receipts) to invest this month. Companies such as Coca-Cola and the American oil company Occidental Petroleum are among those selected.
See below which stocks make up the portfolio, in exclusive material for subscribers.
In the month of May, the portfolio’s result was not good. There was a devaluation of 6.09%, higher than the 6.01% of the reference index, the BDRX, of the São Paulo Stock Exchange. “The performance below expectations in the month, both of the portfolio and of the index, is due to the low in the American stock exchanges”, analyzed the investment platform.
The BDRs that pulled the result down were those of the social network Twitter (TWTR34), which plummeted 22.60%, and the automaker Ford Motors (FDMO34), with a drop of 11.52%. Therefore, these two left the current selection. The BDR of the Berkshire Hathaway holding (BERK34), owned by American billionaire Warren Buffet, was also withdrawn.
In their places are the energy company Ameren, the oil company Occidental Petroleum and Corteva, a chemical company that operates in the sector of seeds and agriculture.
Órama chose to put Coca-Cola in the group because the asset has been rising since 2017. The oil company Chevron, in turn, has been standing out among its competitors, reaching its historic peak in dollar, reached in 2014, according to the brokerage. “After the height of the crisis of the covid-19 pandemic in 2020, Chevron’s shares engaged a strong upward trend”, says the company, in a document for investors.
Ameren Corporation, Occidental Petroleum and Corteva, according to Órama’s analysis of the BDR charts, are in an uptrend, “which has been strengthening in recent weeks”.
