Brazil has a dynamic and growing economy, making it an attractive market for investors and traders looking for opportunities in 2024. With its rich natural resources, large consumer base, and diverse industries, Brazil offers a variety of stocks that are worth exploring. So which Brazil stocks are worth exploring in 2024? In this article, we’ll look at some of the top Brazilian companies that both investors and traders might consider.
Brazil stocks worth exploring in 2024
1. Petroleo Brasileiro (PBR.US)
1-Year Return: 15.39%
Petroleo Brasileiro, commonly known as Petrobras, is Brazil’s state-controlled oil giant. As one of the largest oil producers in the world, Petrobras plays a significant role in the global energy market. The company has benefited from rising oil prices and its strong presence in the offshore drilling sector. With a 15.39% return over the past year, Petrobras could continue to be a solid investment, particularly if oil prices remain high or increase further.
2. Vale SA (VALE.US)
1-Year Return: -7.52%
Vale is one of the world’s largest mining companies, primarily focused on iron ore, nickel, and copper production. Despite a recent dip in performance, with a -7.52% return over the past year, Vale remains a key player in the global mining industry. The company’s fortunes are closely tied to global demand for raw materials, especially from China. While the past year has been challenging due to fluctuating commodity prices, Vale could see a rebound if global demand strengthens. Investors looking for exposure to the materials sector might find Vale an intriguing option, especially if they anticipate a recovery in commodity prices.
3. Itau Unibanco Holding SA (ITUB.US)
1-Year Return: 35.74%
Itau Unibanco is one of the largest banks in Brazil and Latin America, offering a wide range of financial services, including retail banking, insurance, and asset management. The bank has delivered an impressive 35.74% return over the past year, driven by strong financial performance and its dominant position in the Brazilian market. With Brazil’s economy showing signs of growth, Itau Unibanco could continue to benefit from increased consumer and business activity. Investors interested in the financial sector might consider Itau Unibanco for its stability and growth potential in 2024.
4. WEG S.A. (WEGZY)
1-Year Return: 47.99%
WEG is a leading global manufacturer of electrical equipment, including motors, transformers, and generators. The company has seen a remarkable 47.99% return over the past year, reflecting its strong growth and global expansion efforts. WEG’s focus on renewable energy solutions and industrial automation positions it well for future growth, especially as demand for energy-efficient technologies continues to rise.
5. Ambev SA (ABEV.US)
1-Year Return: -6.50%
Ambev is one of the largest beverage companies in Latin America, known for its popular beer brands like Skol and Brahma. Despite its strong market presence, Ambev has experienced a -6.50% return over the past year, partly due to economic challenges and shifting consumer preferences. However, as economic conditions improve and consumer spending rebounds, Ambev could see a recovery in its stock price. Investors who believe in the long-term potential of the consumer goods sector might consider Ambev for its solid brand portfolio and market leadership in the region.
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6. Itausa SA (ITSA4.SA)
1-Year Return: 23.15%
Itausa is a Brazilian holding company with interests in various sectors, including finance, energy, and consumer goods. The company has delivered a strong 23.15% return over the past year, benefiting from its diversified portfolio of investments. Itausa’s exposure to multiple industries provides a degree of stability, making it an appealing choice for investors looking for diversified exposure to the Brazilian market.
7. JBS SA (JBSAY)
1-Year Return: 87.97%
JBS is one of the world’s largest meat processing companies, with operations in beef, chicken, and pork production. The company has delivered an outstanding 87.97% return over the past year, driven by strong global demand for meat products and its strategic acquisitions. JBS’s global reach and diversified product portfolio position it well to capitalize on continued growth in the food industry.
How to trade global stock CFDs with Skilling
You could trade Petroleo, Vale, and 900+ other global stocks with Skilling, a reputable and award-winning platform that offers access to a wide range of stock CFDs (Contracts for Difference). Trading CFDs allows you to speculate on the price movements of stocks without owning the underlying assets. Here are the steps to get started:
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1. Open a Skilling account
- Sign up: Begin by registering for an account on the Skilling website. You’ll need to provide some personal information, including your name, email, and contact details.
- Verification: Complete the verification process by submitting necessary identification documents. This step is required to comply with financial regulations.
2. Deposit Funds
- Choose a payment method: Skilling offers various payment methods, including bank transfers, credit/debit cards, and e-wallets like Skrill and Neteller.
- Deposit funds: Select your preferred payment method and deposit the amount you wish to start trading with. Ensure your account is sufficiently funded to cover your intended trades.
3. Access the trading platform
- Log in: Once your account is set up and funded, log into Skilling’s trading platform. Skilling offers a web-based platform, a mobile app, and a desktop application, allowing you to trade from anywhere.
- Explore the interface: Familiarize yourself with the platform’s interface, where you’ll find tools, charts, and various trading options.
4. Choose the stocks to trade
- Search for stocks: Use the search function to find the stocks you’re interested in trading, such as Petroleo, Vale, or any of the other 900+ stocks available on Skilling.
- Analyze the stock: Before making a trade, analyze the stock’s performance using Skilling’s technical analysis tools, charts, and market news. This could help you make informed decisions.
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5. Open a position
- Decide on your trade: Choose whether you want to go long (buy) if you expect the stock’s price to rise, or go short (sell) if you believe the price will fall.
- Set trade details: Enter the amount you wish to trade and decide if you want to use leverage. Leverage allows you to control a larger position with a smaller initial investment but increases both potential profits and losses.
6. Apply risk management tools
- Set stop-loss orders: A stop-loss order automatically closes your position if the market moves against you to a certain level, limiting potential losses.
- Set take-profit orders: A take-profit order automatically closes your position when the market reaches a certain profit level, securing your gains.
7. Monitor your trade
- Keep an eye on the market: Continuously monitor your open positions and stay updated with market conditions. Skilling’s platform provides real-time data, charts, and notifications to help you manage your trades effectively.
8. Close your position
- Manual or automatic closing: You can manually close your position at any time through the platform, or let it close automatically if your stop-loss or take-profit orders are triggered.
- Review and learn: After closing a trade, review the outcome to understand what worked and what didn’t. This will help you refine your strategy for future trades.
Conclusion
By following these steps, you could start trading popular stocks like Petroleo and Vale, as well as hundreds of others with Skilling. Remember, trading CFDs involves risk, so it’s essential to use risk management tools, stay informed about market conditions, and continually refine your trading strategy. Source: investing.com
