See the 20 stocks that were above Bitcoin and BDRs in 2021

Despite the Brazilian economic growth below initial expectations during the last few months, with reflections for the shares of companies traded on the B3, the Brazilian Stock Exchange, some businesses, especially more related to the global dynamics of commodities, managed to differ positively against their peers. .

Despite the 11.9% drop in the Ibovespa in 2021, a select group of 20 Brazilian stock exchanges managed not only to end the year on a positive note, but was also able to deliver investors a much higher return than the assets of the most in the range of main alternatives available to investors. Neither Bitcoin nor BDRs (receipts quoted on the B3 that track the performance of shares traded abroad) from large technology companies. managed to face the outstanding gains of these papers.

The shares of the agricultural company Fertilizantes Heringer recorded the highest increase on the stock exchange last year, of no less than 520.6%, according to a survey by financial information provider Economatica prepared by institutional relationship manager Einar Rivero,

For the preparation of the ranking, only those shares with an average daily volume of more than R$ 1 million and with presence in at least 90% of the trading sessions were considered. The profitability of the shares also considers the reinvestment through dividends.

The gains in the shares of the company, which benefited from the very heated moment for the agribusiness sector in the last 12 months, were well above the positive variation of 72.88% registered by Bitcoin, in reais, as well as the high of 33.6 % of the Brazilian stock exchange BDR index.

Global technology giants such as Apple, Amazon, Microsoft, Google and Tesla are among the most important BDRs within the B3 index designed to track receipts corresponding to shares traded on the international market.

According to Rodrigo Crespi, an analyst at Guide Investimentos, in addition to the macro environment favorable to the sector, the sale of control to the multinational Eurochem at the end of last year additionally contributed to the outstanding gains of the company’s role in B3.

“In addition, companies undergoing judicial reorganization, as is the case of Fertilizantes Heringer, tend to experience quite sudden movements in share prices”, says Crespi.

Commodity exporters, which saw results jump in 2021 in a scenario of a stronger dollar against the real and greater heating in major global economies, stood out among the biggest increases on the stock exchange, says João Daronco, investment analyst at Suno Research.

“What we saw in 2021 was that global companies, not linked to Brazil, did very well”, says the expert.

​The shares of Terra Santa Properties Agrícolas, which specializes in leasing farms for agricultural production in general, appear in second in the ranking, with an appreciation of 212.4% in the period.

In May of last year, the company established an agreement with SLC Agrícola, forming a giant in the production of grains and oilseeds in Brazil, which contributed to the performance of the roles, points out Crespi, from Guide.

Braskem, Ferbasa, Marfrig and JBS are also among the best-performing Brazilian stocks of raw material exporters last year on B3.

“Refrigerators depend a lot on the North American market, and the devalued exchange rate greatly benefits the cash generation of these companies”, says the Guide analyst.

It is also worth mentioning names such as the aircraft manufacturer Embraer, as well as the watch company Technos, which has undergone a restructuring process in recent years. Also highlighted was the computer manufacturer Positivo, which took advantage of the work-from-home model that is still very present in the country.

Manager of Trígono Capital, focused on small and medium market capitalization stocks, Werner Roger carries some of the outstanding names in his portfolio last year, such as Ferbasa, Unipar and Positivo.

In 2021, against a double-digit drop in the Ibovespa, Trígono’s flagship fund, the Flagship Small Caps Fic Fia, had a positive return of 43.6%. Since the strategy’s inception in April 2018, gains are 213.9%, against 22.6% for the benchmark.

“At the beginning of the year, we kept our strategy intact, privileging companies that benefit from the devaluation of the real, through dollarized prices, direct or indirect exports (from customers or in the underlying production chain) and operations abroad. agribusiness, in commodities and in part of the heavy automotive and capital goods industry”, points out Roger, in the management letter of January 2022 to the shareholders of the manager’s funds.