The investments prior to the change of Government that are on the radar of experts

To the next government It will be difficult for him to have significant foreign currency income until the month of March or April 2024, which is when the strong liquidation of the harvest begins, and that is what is needed to lift the stocks that currently govern the Argentine economy, so , This could result in restrictions on access to the dollar remaining for some time. and incoming management has to recognize higher exchange rates than current ones.

However, on the other hand, he mentions in dialogue with Ambit that the actions linked to export They are another good option, since they will tend to copy the rise of those assets. And he gives as an example, the roles of companies Ternium (TXAR), Aluar (ALUA), YPF (YPFD) and Pampa Energía (PAMP)among other.

However, he warns that, of continuity of the stocksit would take away their profits, because they would be affected by the difference in exchange rates between the dollar to which they export and the one to which they cancel their financial debts.

The stocks most chosen by analysts

In a similar vein, stock market expert Marcelo Bastante considers that “the stocks that have a high correlation with the dollar” are the most interesting alternative for any investor who wants to bet on this type of asset. And he warns that a lot of volatility is expected until December 10.

That is why, in the current context, it aims to “Aluar, Ternium, Pampa Energía, YPF and Cresud, for example” among your favorites within that list. Although he warns that volatility and a strong trend toward dollarization is expected to continue, which may affect the dynamics of stocks.

However, a fall in these instruments, for the financial analyst “represents an opportunity in the future, which must be taken advantage of at least until the new government takes office”.

For his part, Romano Group analyst Salvador Vitelli points out that “the energy sector can have a good start as a participant in the generation of foreign exchange.” And the Government is betting that in 2024 energy exports will provide significant dollar income as a result of the construction of the Néstor Kirchner Gasduct, which was carried out this year. Consequently, he points out that “it would not attract my attention to see said complex react well, if the situation also allows it.”

A scenario conditions performance

At this point it coincides financial analyst at F2 Soluciones Financieras Andrés Reschini when he believes that the viability of this type of bet “will depend on the scenario.” He considers that, for now, “it is clear that the monetary scheme cries out for modifications that allow clearer rules of the game and favor the accumulation of reserves.”

And, taking into account that it points out that It is very unlikely that we will get fresh dollars from abroad, exports are an almost obligatory source of foreign exchange income. “Therefore, there are chances that the companies linked to exports will benefit, as well as those linked to agriculture which, according to forecasts, also have a year ahead with a better harvest.” In any case, it does not rule out that the market has already discounted part of this.

Thus, in a context in which news on exchange matters is expected and in which the BCRA will need dollars from exportsthe actions associated with the sector and that currency, are today presented as an interesting bet for investors, according to City analysts.