Ibovespa in profit correction, Petrobras on the rise, says Itaú BBA; breath, technical analysis, performance, trend, dividends, shares.
Petrobras reached a new historic milestone last Friday, reaching a market value of R$536,1 billion. This record was renewed in relation to the previous day, with the support of oil prices abroad. The oil company's shares far outperformed the Ibovespa in January, pointing to a gain of 7,30% against a drop of 3,88% in the main B3 index. Furthermore, the appreciation of Petrobras shares is linked to the reassessment of expectations regarding the start of monetary easing in the world's main economies, and to investors' confidence that the company will be able to deliver high returns in 2024 via dividends and share buybacks. .
Petrobras maintains momentum and PETR4 shares reach record market value
Petrobras continues to surprise the market with its excellent performance of its PETR4 shares, which reached a new market value record. With the recent monetary easing, the company has shown itself to be resilient, remaining one of the main highlights in the first index of the stock exchange.
A technical analysis of PETR4 shares has been favorable, demonstrating a trend consistently high. This has generated a expectation positive effect among investors, generating Bitcoin considerable for those who invested in the company.
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Despite this, it is important to highlight that there are risks associated with investment in Petrobras shares. The cooling of the confidence of investors could lead to an earnings correction, capital reduction or even the need to buy back preferred shares. However, the company has shown good capacity to generate dividends, which can mitigate these impacts.
Currently, Petrobras appears to be well positioned to continue growing, remaining one of the main stock market indices. Analysts highlight that the expectation is that the company will maintain its good performance in the short term, with a graphical analysis demonstrating points interesting entry points for new investors.
In short, Petrobras has demonstrated impressive momentum, with its PETR4 shares reaching a record market value. The company continues to be one of the main highlights of the stock market, and the tendency is for it to maintain its good performance in the future, despite the existing risks.
Source: moneytimes