PETR4 and Banks End Higher; MGLU3 and ABEV3 retirement

It was a hot day. A brief spasm in the morning, which caused the stock to drop for a while, then return to a short but steady rise. Even after the vote of the second round of the PEC Transition in the Chamber of Deputies, which took place in the home stretch of the session. No fear, no change from first approved shiftinvestors maintained their positions and stocks like Vale (VALE3) increased by 0.57%. Petrobras (PETR3;PETR4), respectively, increased by 2.64% and 2.17%. The banks advanced en bloc, also without much amplitude, notably ItaΓΊ Unibanco (ITUB4), with another 0.41%. Airlines reinforced strong increases from the previous day, with changes to the Emergency Program for the Recovery of the Events Sector (Persia) which tends to help companies – Blue (AZUL4) gains 2.67% and Goal (GOLL4) rose by 2.59%. The highlight of the day was IRB Brasil (IRBR3) which returned to the level of R$1, up 24.69%, with October resultsπŸ‡§πŸ‡· VICTIMS – But also some weight stocks fell. Especially some of the retail, like Magazine Luiza (MGLU3), which fell 7.45%, and Lojas Renner (LREN3), which fell by 1.74%. The refrigerators were mixed, with JBS (JBSS3) down 2.08%, and Minerva (BEEF3) down 2.31%. And pulp and paper assets lost again: Klabin (KLBN11) with 1.57% less and Suzano (SUZB3) less 0.27%. There is little left for the end of the year, for Christmas and for the new government. But there is still a PEC in the Senate and they still have the new ministerial appointmentsπŸ‡§πŸ‡· Can turbulence occur? A short time will tell. πŸ‡§πŸ‡·Fernando LopezπŸ‡§πŸ‡·

Megan Schneider

"Typical zombieaholic. General twitter fanatic. Food fanatic. Gamer. Unapologetic analyst."

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