During 2022, the war between Ukraine and Russia and the consequent sharp rise in the price of oil to exceed US$123 at the end of June, boosted the sector of global energy companies until becoming the The only one with a positive balance, after noting an increase of 33.8% on Wall Street.
Source: Finviz
Thus, they registered large annual growths in Vista Energy (+128%), Occidental Petroleum Corporation (+113,9%), YPF (+85%), Exom Mobil (+69,3%) y Petrobras (+31,1%). Conversely, the rest of the sectors were highly punished, such as Communication (-37.4%), Cyclical Consumer (-32.9%), Technological (-30.1%), Real State (-26.6%), and Financial (-12.7% ).
Now, what will be the prospects for 2023 and which sectors will bite at the top? To try to answer those questions, Scope contacted specialists who made their recommendations for investors on the outlook for the coming year, and on the sectors that could rebound in the medium term.
Technological Sector
According to Pablo Das Neves, Senior Financial Advisor de Quaestus Advisory, the sector What more possibilities do you have? to highlight in 2023 is technological, in which “today you can enter really attractive values and with significant discounts with respect to their historical maximums”. And within it, Alphabet (GOOGL) represents the best option for those who are more risky and seek to save in the long term, for its sustained global business.
For his part, Karina Díaz, capital market specialist and professor at UADE, coincides in the great opportunities offered by the technology sector and realized that Amazon (AMZ) y Microsoft (MSFT)which have suffered “bear runs” with weak corporate reports, are close to closing an agreement with the US Department of Defense as providers of cloud services. Therefore, the expert considered that these firms are expected to see a revenue rebound from their announced levels.
Automotive section
According to Díaz, also It looks promising to invest in the Chinese automotive sector, company led child (child)whose demand for electric cars sponsors the best metrics for the fourth quarter, in a context where government restrictions due to Covid-19 are slowly beginning to become more flexible.
“The market anticipates, and the leadership of this company dedicated to the sustainable car segment, is evidenced in the monthly increase of 45%, which it obtained from the last quarterly income report to date”indicated the adviser.
Semiconductor Industry
das Neves, agreed that is interesting It should be noted that the Quaestus Advisory Research team, recommend to the semiconductor sector, which they estimate that will have significant growth in the next 5 years in both revenues and earnings. In this sense, according to his words, companies such as Nvidia (NVDA) y Advanced Micro Devices (AMD) would represent good options that offers this industry.
Energy sector
For his part, Ezequiel Fernández, Head of Equity & Credit at Balanz, held that with a scenario of crude oil prices above US$80 per barrel, high spreads for the basket of oil and gas derivatives, and considering productivity improvements at Vaca Muerta, companies engaged in the exploration and production of crude oil (upstream) should repeat a great year.
“Therefore, to acquire, within the fixed income segment, YPF 2027 or 2029 hard-dollar bonds which are yielding 15%, may be adequate as long as the company maintains low leverage and adequate financial reserves to go through a 2023 that will be difficult for the country”, the economist asserted.
“And within variable income instruments, the shares of Pampa Energía (PAMP) and Transportadora de Gas del Sur (TGS) provide riskier investors with a direct and indirect exposure to Dead cow, which positions them well for investment opportunities at attractive rates of return, both in upstream and for companies that are in charge of transportation, refining and commercialization of oil (midstream)”, he concluded Fernández.