Update: Gerdau and Azul elevated and other corporate highlights

Update: Gerdau and Azul elevated and other corporate highlights
Update: Gerdau and Azul elevated and other corporate highlights
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Published at 1:43 pm

Ibovespa

At 1:42 pm, Ibovespa fell 1.29% to 126,820 points. At the same time, the commercial dollar rose 1.08% to R$4.969 on sale.

The index began to fall sharply after the announcement that the United States economy created 353 thousand non-agricultural jobs in January. The forecast was to create 187 thousand jobs. The data shows a heated economy, which reduces the chance of a cut in interest rates by the American Central Bank. High rates negatively impact variable income.

For Morgan Stanley analysts, Payroll data reaffirms the view that the American Central Bank will only start interest cuts in June.

Blue (BLUE4)

At 1:41 pm, shares rose 3.32% to R$13.69. BTG’s team of analysts raised Azul’s recommendation. It went from “neutral” to “buy”. The target price was also raised: from R$20 to R$33.

Goal (GOLL4)

After Gol filed for judicial recovery in the United States, BTG downgraded the airline from “neutral” to “sale”. The target price was reduced from R$10 to R$1. Gol shares, which are no longer on the Ibovespa, had fallen 2.24% to R$2.62 at 1:40 pm.

Banco do Brasil (BBAS3)

Banco do Brasil is holding a meeting this Friday to approve the split of its shares, an operation that, in practice, will make the share price more affordable. The BBAS3 shares will be split in a ratio of 1 to 2.

Gerdau (GGBR4)

At 1:40 pm, Gerdau shares were up 2.72%. The team of analysts at Goldman Sachs raised its recommendation for Gerdau’s shares from “neutral” to “buy”. The target price is R$26.

Vale (VALUE3)

At 1:39 pm, Vale’s shares fell 1.60% to R$66.36. According to the blog of journalist Lauro Jardim, from O Globo, an extraordinary meeting of Vale’s board of directors will take place this Friday, which could decide the succession in command of the mining company. Still according to Lauro Jardim, the tendency is that the subject will not be exhausted at this Friday’s meeting. The 13 councilors will decide whether Eduardo Bartolomeo, president since 2019, will have another term. The fall in iron ore in China is also putting pressure on shares.

Petrobras (PETR4)

At 1:38 pm, Petrobras’ preferred shares had fallen from 0.77% to R$41.24% with the price of a barrel of Brent oil falling by 1.8% this early afternoon. Petrobras releases production and sales report on 02/08 and 4Q23 results on 03/07.

Dasa (DASA3)

Dasa (DASA3) stated this Friday, 2nd, that “it does not provide information on the existence of negotiations for the sale of the company or its control to third parties”. The information appears in a response to a request for clarification made by B3, the Brazilian stock exchange. B3’s request came after news published by Valor Econômico, on 02/02/2024, under the title “Dasa evaluates alternatives such as selling a stake or control, sources say”. The article states, among other information, that Dasa “is evaluating strategic alternatives for its business, including the sale of a stake or control”.

Raízen (RAIZ4)

Raízen (RAIZ4) announced that Raízen Power, its brand dedicated to renewable electrical energy solutions, and the Chinese company BYD, have signed a binding Memorandum of Understanding. The partnership will create “hubs” with the Shell Recharge solution in 8 capitals in Brazil, with 100% clean energy, “democratizing access to electric mobility”, highlights the statement.

Itaú (ITUB4)

Itaú issued Level 2 Subordinated Financial Bills worth R$1 billion. According to the bank, the issues in question aim to optimize the company’s capital structure in light of the growth of its assets. “The resources raised in the issuance of Letras Financeiras will be allocated directly and/or indirectly through its subsidiaries to reimburse costs and expenses directly related to the acquisition of a real estate project”, explained Itaú.

Renner Stores (LREN3)

The BlackRock manager, one of the largest in the world, increased its stake in Lojas Renner (LREN3)

Unify (FIQE3)

Unifique Telecommunications (FIQE3) announced the distribution of interest on equity (JCP) in the total gross amount of R$20 million, corresponding to R$0.056649269 per share. Payment of the JCP will be made in a single installment to be paid on February 16, 2024. Shareholders holding shares on February 6, 2024 will be entitled. The shares will be traded ex-interest from February 7, 2024, inclusive .

Apple (AAPL33)

At 1:38 pm the BDRs (Brazilian Depositary Receipts – certificates representing shares) of Apple on B3 had a slight increase of 0.22% to 46.31. O Apple’s results were better than expected but sales in China fell. Apple’s board of directors declared a cash dividend of $0.24 per share of the company’s common stock. The dividend will be paid on February 15, 2024 to shareholders of record at the close of business on February 12, 2024.

Target (M1TA34)

At 1:38 pm, the BDRs of Meta, owner of Facebook, Instagram and Whatsapp, jumped 9.85%. The company reported net income of US$14.02 billion, or US$5.33 per share in the fourth quarter of 2023. The result was above analysts’ projections. Meta’s board of directors approved the payment of dividends in the amount of US$0.50 per share. Payment will be made on March 26th, based on the shareholding position on February 22nd. Meta stated that it intends to distribute earnings quarterly from now on.

Amazon (AMZO34)

At 1:38 pm, Amazon (AMZO34) BDRs rose 5.34%. Amazon reported net income of US$10.6 billion in the fourth quarter of 2023. Diluted per share, the company’s net profit was US$1. Amazon’s revenue expanded 14% in the fourth quarter, to US$170 billion.

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Important:

Finance News does not recommend buying or selling assets. The text above is intended to inform. The target price is a projection based on a methodology and varies depending on the financial institution. Look for specialized and certified professionals to make any decision about investments.

The article is in Portuguese

Tags: Update Gerdau Azul elevated corporate highlights

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