Energy sector attracts investors, unicorns concentrate layoffs and what matters in the market

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Energy sector is one of the darlings of the Stock Exchange

The energy sector, which became the focus of market attention with the privatization process of Eletrobras, is one of the darlings of Brazilian investors and managers.

What explains: Due to its regulatory nature, this sector is considered one of the most predictable on the Stock Exchange and companies can act as a kind of protection for portfolios in times of generalized stock decline.

• Companies also tend to be good dividend payers, which helps to attract shareholders.
• Companies in the sector can operate in the generation, transmission and distribution segments – the first two are considered even more predictable, since the last one has homes and businesses as customers, which can delay bills or reduce consumption in times of economic crisis.

in numbers: in the 12-month period up to June 10, the Ibovespa fell 18.9%while B3’s IEE (Electric Energy Index) dropped 6.61%.

Privatization of Eletrobras: workers who have invested part of their FGTS balance in company shares will be able to invest 66.79% of the amount initially reserved to buy company shares.

• The apportionment took place because the demand was higher than the limit of R$ 6 billion defined by the company for this type of application.
• Invested in Eletrobras? Find out what happens now.

More about investments:

Unicorns concentrate cuts, says Abstartups

The wave of layoffs in technology companies is concentrated in unicorns (startups valued at US$ 1 billion or more), says the president of Abstartups (Brazilian Association of Startups), Felipe Matos.

Understand: Several technology companies have recently promoted employee cuts, such as QuintoAndar, Loft, Facily, 2TM (owner of the Bitcoin Market) etc.

What explains: startups that have become unicorns in recent years have taken advantage of the high liquidity scenario in the global market to raise hundreds of millions in sequential investment rounds.

The wave of layoffs it also affects technology-focused financial companies, as highlighted by columnist Marcos de Vasconcellos.

• This is the case with Empiricus, which sells investment reports, Primo Rico’s company, an influencer who became popular with lessons on how to invest, and TC (formerly Traders Club), an information platform for investors.

General bleeding: the sourness of the sector is not unique to Brazil. Outside, big techs were also hit and put a brake on hiring processes.

Messaging apps help with hiring

Faced with digitalization driven by the pandemic, recruitment companies have turned to messaging apps like Slack, Discord, Telegram and WhatsApp to find workers.

What explains: in addition to allowing closer contact with the candidate, these apps bring together members of specific groups, which facilitates the selection and filtering of candidates.

Face-to-face work vs home office: 50% of American workers would rather quit than be forced back into the office full time. The survey, carried out by Robert Half, a global recruitment company, shows the challenge facing bosses who want face-to-face feedback from employees.

Startup of the Week: