The most recommended stocks to invest in May, according to 10 brokers

O Ibovespa accumulated a drop of 1.70% in April, amid the review of bets on the start of interest rate cuts in the United States. Factors such as the increase in geopolitical tension between Israel and Iran and the review of the primary surplus target also affected the local market, while the optimistic theses for the Brazilian Stock Exchange at the end of 2024 begin to lose strength among investors.

One of the factors that sounded like a “bucket of cold water” throughout the month was the North American consumer price index (CPI), which grew 0.4% in March, the same variation recorded in February . As a result, annualized inflation reached 3.2%, still above the Federal Reserve’s (Fed) target of 2% per year.

In the view of Ágora Investimentos’ team of analysts, the month of April was crucial for global investors to understand how difficult the Fed’s mission will be to bring inflation close to the desired target. “We started the month with an implicit probability of at least three cuts in American interest rates in 2024. When the lights go out in April, this probability is already much more remote. We do not rule out the possibility of any reduction being made this year”, says the brokerage’s monthly strategy report.

Another factor moved the market in April. On the 13th, Iran launched an attack with more than 200 drones, ballistic missiles and cruise missiles against Israel. After some time since the incident, neither party has carried out another large-scale attack, which has increased expectations that the conflict will remain contained. Previously, the fear was that a war in the region would cause oil prices to soar, which could intensify inflation across the planet. In this article, we explain how investors can protect their assets amid geopolitical tension.

In the domestic scenario, the market also faced an increase in fiscal fear after the Minister of Finance, Fernando Haddad, indicated that the fiscal target of a surplus of 0.5% established for 2025 will not be achieved – instead, Brazil should have a deficit zero, same target as 2024.

A year earlier, the economic team had established that it would seek a primary surplus of 0.5% of GDP in 2025. “Despite the growth in uncertainties regarding public accounts following the review of primary surplus targets, our opinion is that although the fiscal adjustment may have been postponed, it will not be forgotten”, highlights Ágora’s team of analysts.

What to expect in May

For next month, the shares of Vale (VALE3) and Petrobras (PETR4) stand out among the recommendations of the ten brokers heard by the E-Investor. While the mining company’s role is present in the portfolio of six houses, the oil company’s role is mentioned by four. Prio (PRIO3) also receives four mentions.

According to Órama’s team of analysts, although the price of iron ore has declined in recent months, it still remains above the historical average of 75 dollars per ton, which benefits Vale’s shares (VALE3). “The expectation is to maintain this current level, which ensures a still very good price for the asset, ample cash generation and ability to pay profits”, highlights the team.

After the turbulent winds of March, with the announcement of the retention of extraordinary dividends, Petrobras shares (PETR4) were among the profitability champions in April and appear to continue following a positive path ahead. Mainly after the company’s Ordinary General Meeting (AGO) approved, last Thursday (25), the payment of 50% of the R$43.9 billion in previously withheld additional payments. “In light of this, we now see PETR4’s dividend yield at 13% for 2025, above the global average of 10%”, highlights the Ágora team.

Finally, the other “darling” of brokers for May, Prio (PRIO3), is Itaú BBA’s favorite within the production sector. According to the company, the company benefits from the integration of more than one field through a single FPSO (acronym in English for Floating Oil and Gas Treatment, Storage and Transfer Unit) – a ship used by the oil industry for exploration, storage and flow of oil or natural gas.

See below all the complete portfolios for May:

Now

For May, Ágora made just one change in its recommended stock portfolio: it removed the shares of Localiza (RENT3) and included those of Embraer (EMBR3).

CM Capital

CM changed its portfolio completely. The shares of Cielo (CIEL3), Cemig (CMIG4), Itaú (ITUB4), Prio (PRIO3), Sanepar (SAPR11), Banco Pan (BPAN4), Natura (NTCO3), Direcional (DIRR3), Alupar (ALUP11) were withdrawn. and São Martinho (SMTO3).

The portfolio includes shares of JBS (JBSS3), Embraer (EMBR3), Caixa Seguridade (CXSE3), Petrobras (PETR4), Sabesp (SBSP3), Equatorial (EQTL3), Eletrobras (ELET3), Wiz (WIZC3), Copasa (CSMG3 ) and Odontoprev (ODPV3).

Empiricus

For May, Empiricus chose to preserve the composition of its share portfolio. See below:

Genial Investimentos

In relation to the month of April, the shares of Arezzo (ARZZ3), Equatorial (EQTL3), Klabin (KLBN11) and Pão de Açúcar (PCAR3) exited, with the entry of the shares of Brasil Agro (AGRO3), BB Seguridade (BBSE3), CPFL Energia (CPFE3) and Petrobras (PETR4).

Guide Investments

Guide made three changes for May. Rede D’Or (RDOR3), Sabesp (SBSP3) and Suzano (SUZB3) entered, while EcoRodovias (ECOR3), Cruzeiro do Sul (CSED3) and Grupo SBF (SBFG3) left.

Itaú BBA

Itaú carried out six exchanges in its recommended share portfolio. The shares of Multiplan (MULT3), Usiminas (USIM5), Santos Brasil (STBP3), Sabesp (SBSP3), BRF (BRFS3) and Weg (WEGE3) entered, while Allos (ALOS3), Gerdau (GGBR4), Localiza (RENT3) , Equatorial (EQTL3), M. Dias Branco (MDIA3)
and Randon (RAPT4) left.

Órama

Órama did not make any changes to its recommended stock portfolio.

PagBank

PagBank made four changes to its share portfolio for May. Itaú (ITUB4), Arezzo (ARZZ3), Suzano (SUZB3) and 3R Petroleum (RRRP3) left, while BTG Pactual (BPAC11), Iguatemi (IGTI11), Santos Brasil (STBP3) and Petrobras (PETR4) entered.

RB Investimentos

RB maintained the same composition for its stock portfolio for May.

Terra Investimentos

Earth made two changes for the month of May. The broker removed the shares of 3R Petroleum (RRRP3) and Localiza (RENT3) from the portfolio. In their place, he placed the shares of Gerdau (GGBR4) and Fleury (FLRY3).