Actions that rose the most in April

Source: Economatica (April 1st to 28th)

Most suffered from the rise of interest in 2024. As they depend on loans to finance their growth, they bitter significant falls last year, when interest rates went from 10.5% per year to 12.25% per year. Education company YDUQS, for example, dropped in 2024 of 61.18%. The wholesaler Assaí devalued 58%.

But if interest rates are still on the rise, why are these companies earning in the stock market? The reason is the dollar. In the year, the US currency has already fallen 8.20%, according to Economática (Ptax Sale). The devaluation of the currency has to do with the growing fear of a recession in the United States. Afraid of an economic downturn, investors exchange their currency security assets (dollar) for safer ones, such as gold.

With the dollar down, inflation in Brazil has room to cool. “The appreciation of the real against the dollar in the year reduced inflation expectations to 2025 and, consequently, lowered interest projections in the coming months,” explains Marcelo Nantes, director of wing variable income.

This would force the Central Bank to pause the interest cycle of interest and possibly adopt cuts. “Companies have already benefited in advance with this positive interest perspective, especially car rental as located, retail, such as Azas (owner of Arezzo and Farm), and education, such as YDUQS,” says Virgílio Lage Valor Investimentos.

Companies that have great indebtedness also value. “In this line, we can highlight the positive performance of companies with the highest level of indebtedness such as Localiza, Assaí, Come, Rumo, Auren Energia,” says Nates. With lower interest rates, their indebtedness also falls and it is more likely to grow.