AS 15 AÇÕES MAIS BARATAS QUE ESTOU ACOMPANHANDO

The stock market is rising, yet we still have many assets that are, man, heavily discounted, okay? And today I bring you this spreadsheet, which is my projective ceiling price spreadsheet, that I update regularly, you know, quite often. And those who have access here are the students of the RD community and the channel members. In fact, I’ll take this opportunity to invite you to become a member. Down here in the description, there is a link, or there is the little button right here. After you subscribe, the same button turns into "join," okay? I have set this in black. You can see that it’s in black, right? Because throughout the video, I’m going to discuss with you the 15 stocks on my list that are the most discounted. And here on the side, you can see the margin of safety for each one of them. There is a company here with a 23%, almost 24%margin of safety. And what is a margin of safety, anyway? You take the price, which would basically be a limit price to pay for a company, and then you look at the price it’s at now, the quote, like this one here, for example. 59.50 BRL is what it's costing , okay? Meaning, it has a 23%margin for investment, so the ceiling price should be around, I don’t know, 60-something , maybe 70 BRL. Up to that ceiling price would be a range for me to buy, but here today it’s at 50-something, meaning it's below that. This means that based on profit projections and the company's profit growth, we have an opportunity here today. So let's talk about them one by one quickly, and then I’ll let you take a screenshot of this spreadsheet. But remember, this spreadsheet is just a snapshot, right? And investing is more like a film, a video. So, as the days go by, prices change, quotes change, profits change, and the market changes as a whole. And that is why we always need to have an update. So be careful, okay? Because you might just take the screenshot here and decide not to join the member's area for some reason, which, by the way , is only 0.99 BRL, okay? 0.99 BRL. And then you end up missing an opportunity or making the wrong investment, okay? Besides that, inside the member's area there are other things, there are exclusive videos for you, anyway, there are many things, there are even prizes, okay? A gift for the member who interacts the most here on the channel, okay? Not the one who comments the most , but the one who is always watching, who is the most assiduous, okay? So, it's really worth it. You can even win a Pix transfer. There's 50 BRL via Pix every month for the member who is the highlight of the month. So let's take it easy here. Actually, I'll even do it the other way around, look. I'm going to do it backwards. Let's start from the bottom of this stock, from smallest to largest, right? Let's do the opposite. And let's start showing what we have here. Banco Pine. Banco Pine, ticker PINE4, banking sector. It is currently costing 11.16 in the market. The high and the low over the last 12 months. Look here, 5.71 and the high was 15.82. It has retraced a bit and today we have a projected ceiling price of 12.50 BRL for Banco Pine with a margin of 10.72%. Then we come here with PINE4, let's take a quick look at the stock. In the last month, it fell 17%, the stock plummeted and there's no real problem to justify such a drop. 12.4%over the last 6 months accumulated . This year it has a 14%accumulated drop. Looking at the last year, we have a 79%rise. That explains it, right? The market was in an excess of optimism and we see a lot of this movement in the market, excess optimism. The market thinks it will go up, up, and up. And there is even a book by Howard Marks, " Mastering the Market Cycle." I have it here behind me, okay? Somewhere around there, where he talks about the pendulum theory. The market is driven by human emotions, right? So you have that person who picks up this little bottle here and it's costing 10 BRL right now, okay? Its average price there is 10 BRL, but then it's sold to the market and there are times when people start buying at 11, 12, 13, 14. Everyone is buying, the price is going up. Then what happens? I'll buy too, I'll buy at 15. I know it more or less costs 10, but it's at 15 and I see it going up, going up every day. I'm going to buy, okay? I'll buy because I know that in a little while it will hit 20, it will cost 25 and then I'll regret not having bought it. I go there and buy at 15. But, in reality, its average price was 10. So I already paid a high price, I paid for the market's excessive optimism. And soon enough, the pendulum swings, right? The pendulum is that little thing that goes like this, right? It goes like this, right? So it has its highs and lows, but it goes back and forth, and it has a midpoint right there in the center. Then what happens? It starts to fall, fall, fall, fall, fall. Gee, I'm going to sell it at 13. I'll sell at 13. So I go there and sell. The guy sells at 12, the other one sells at 11. And so it keeps falling, falling, falling. The thing costs 10 and soon it's at four, costing $ 4. People are selling way too low. And then the market stops and thinks: "Hey, that water, that bottle, it costs 10, man, it's being sold for four. Wait a minute, something's wrong, something's very wrong. I'm going to buy, I'm going to start buying and buy a bunch now." Then it starts buying a bunch, it starts going up again, it starts appreciating again. So there is this average of 10 and there is the excess of optimism and the excess of pessimism. The market is basically driven like this. This one I explained to you, Howard Marks 'pendulum theory, makes total sense and often we find bargains, okay? Good assets, cheap or sometimes very expensive because of this. Here we saw an asset that went up 79%, 79%in a year and then it already fell. Actually, it went up even more. Let's pull it here, look, from here to the peak point. It went up 158%, so it's normal for it to have a correction and the correction has come so far to a drop of over 30%. And that is why I always tell you that. If you are subscribed to the channel, you already know that it's not enough to just choose and discover the best asset. You have to choose the best time for you to buy. Because sometimes even by buying something very bad, you can make a good deal and make money. Sometimes you buy something very good and you make a terrible deal because you paid too much and you lose money on a very good business. The market is funny, but that's just how it is and many people don't understand it. You have to understand, man. If you want to enter to win in the game of stocks, real estate funds, or fixed income, you need to understand this game. The second stock we have here is Itaú ITUB4, a banking stock, currently priced at R $ 39.88. It reached a low of R $ 33.39 and a high of R $ 48.85. And the price today, the ceiling price, is R $ 45.10. Man, there is a good advantage there, a good margin of 11.57%for buying. And look, what I'm doing in this video is something you rarely see on the channel , because I'm releasing the stocks with the highest margin potential right now. This is for those who are subscribers and members of the channel. If you're not a member yet, you're losing money and missing out on opportunities, because it's just R $ 4.99 down below, just click and you'll have access to all of this, updated directly. And for Itaú, we look at Itaú here, take a look, it fell 7.62%in the last month, and in the last year, it's almost at a break-even point, 1.86%in accumulated growth. And remember, on this chart we don't see dividends, we only see the market fluctuation itself. But Itaú, when we open it on Investidor10, we see very strong results, right? It was even a record result. We're looking at a company that performed very well, taking the P/E average, the company's 10-year average is 10.16 and today it's at a P/E of 9.3. It is also below the average. Its ROE is excellent. It's even higher than that. I don't know why it's listed here as 21.5, but Itaú's ROE is higher, okay? I think we can even search for it here, look. ITUB4, current ROE. Let's see. I think it will find it now. Look, Itaú's ROE at this moment is right here, at 24.3%. 24.3%in the last quarterly result. And the net profit was 12.4 billion reais. In other words, we are talking about a company in the banking sector, super profitable , a perennial stock that keeps breaking record after record, right? It is normal for us to find this company to be expensive, but in reality, it's not expensive. You saw here that it even has a margin of safety, but let me add a disclaimer here, all right? This video is not a recommendation, I'm just showing you, but you are the one who chooses your portfolio selection, especially because we are dealing with variable income, as I told you about Howard Marks' theory, Pendulum theory, we have the market being moved by the human factor. So many times you pick something very good that is actually not performing. So be careful, okay? Because sometimes you forget that you are dealing with variable income and there is no certainty, there is no guaranteed result, otherwise it wouldn't be variable income. Then the other company, the third company is BTG Pactual BPAC11, also in the banking sector, this is an investment bank, costing R $ 5.97. It had a high of 64.72 and a low of 42 in the last year, it's right there near the middle, with a projected ceiling price of R $ 63.30, a margin of 11.58%as well. The adjusted net profit was a record of 5.14 billion in the second quarter, an increase in the annual comparison of 22.6%, the ROE at 26, almost 27%. BTG is an absurdly good bank. Then the fourth stock we have is Banco Banrisul BRSR6. This one has been cheap for a long time, it even went up, right? It's at 14.45, the high was 18.62. And the ceiling price today is R $ 16.50 with a margin of 12.42%. And then we also take BRSR6 here, let's take a quick look at the results, just the highlights. We can already see the following here, the profit was R $ 325 million in the second quarter, a drop of 13, almost 14%in the annual comparison, the ROE at 11.4%. This bank here for me is a bank that I personally don't put in my portfolio and it has been cheap for a long time. And delinquency over 90 days fell, but it is still high. 4.62%is still quite high . PDD, there was a reduction in expenses with doubtful debtors which helped to increase profit, but it is still quite high. And when you invest in the banking sector, you have to watch out for this, the PDD and delinquency over 90 days. And that is what is still hitting Banco Banrisul hard. But if we look here, for example, at its indicators BRSR6, let's take a look together quickly. We see that we are talking about a company that has a P/E of only 3.6, right? 3.6 times earnings is what the market is paying. A P/B ratio here of half the book value . Its price is half of its book value. Today it's as if you bought a company that's worth $ 100, paying $ 50; it pays dividends too, I don't know, sometimes it's worth it, but for my personal portfolio, it doesn't make the cut. Then we come to a company that I like quite a bit, which is SAPR4, Sanepar, a super perennial sanitation company. In fact, everything we’ve talked about so far consists only of perennial companies, right? Here it’s costing 6.56, it hit a high of 9.23 and a low of 6.17. Man, it’s very close to its 12-month low, with a test price of 7.50 and a margin of 12.53%. Sanepar already grabs my attention here, especially given its sector, a company with recurring revenue growth. And let's take a quick look at something here. SAPR4, we open it here. And here we click on results, see. We can already see it’s below its book value . This is normal for Sanepar, a state-owned company. And then we see that the profit simply plummeted, it plummeted, it plummeted a lot. So let's pull it up here quickly to see. And what I’m showing you here is a summary, right? I’m running it here, the AI is bringing this to us. The ideal thing is for you to open the earnings report of each one later. There's no way to sit here opening every company one by one and telling you every single detail, otherwise the video would be at least two hours long, and that’s not our goal. And here Sanepar then had a loss of 505 million in the second quarter, while it had a profit of 3 million in the previous period, it went from profit to loss. Net revenue grew again, 11.5%, but what actually puts money in your pocket isn't the revenue, right, but the profit. And here is the reason for the loss, look, the negative result occurred due to the complementary accounting entry of the regulatory liability associated with the court order, those 4 billion in court orders, right? So here we have a factor that is totally temporary, okay? It's temporary and it's atypical, meaning it is extraordinary, it won't happen again. It happened in these results and had a full impact, but in the next quarter, you’ll already see a recovery. It’s normal, you’ll see. Also, if you want a video explaining Sanepar in full detail, explaining exactly what I just mentioned, since I can't go into too much detail here, I can take my pen, draw the terms, everything, and make it as didactic as possible, which is what I like to do. Subscribe to the channel so you don't miss the next video and also down here in the description, mention Sanepar, say: "I want to see the Sanepar video," so I can bring it to you. Then the sixth stock here is Wi Soluções, which is actually in the channel's portfolio. The insurance company isn't exactly an insurance firm , it sells insurance, no, it's not really an insurer, okay? It costs 7.85 right now, very close to its 12-month low, it hit 10 and has a projected ceiling price of 8.98 with a margin of 12.58%. Let's move on, otherwise this video will get way too long. The eighth stock is Banco Bradesco, BBDC4, banking sector, currently at 17.40. The current price hit a low of 15, a high of 21.33, it has a ceiling price of 20.30, with a very good margin of 14.29%. And just out of curiosity, I want to look at something here in its quarterly results , which is the PDD. Let's see if it shows up. It recorded a recurring profit of 4.2 billion, an increase of 16%, it was very good. The ROE reached 16.2%, it also grew quite a bit. Bradesco last year, if I'm not mistaken , was at about 8%ROE, absolutely low. Credit portfolio expanding and the 90- day delinquency rate here, look, 4.3%, while it was 4.1%in 2024. So delinquency continues to be a concern for Bradesco, but Bradesco has already picked up, right? The ninth company is Banco ABC, stock ABCB4. I like it a lot too, man. And look at the amount of bank stocks, right? Following here in margin. We can see that bank stocks really are cheap. 23.60, it hit a high of 27.17, it has a ceiling price of 27.80, 15%margin here. Then we have Unifique on this list, a telecom company, costing 5.01, man, it hit 7.65 . Look at how much it has pulled back, right? It pulled back quite a bit. It's a tiny small-cap company with a ceiling price of 5.70 and a margin of 15.61%. And Unifix, you can see it has a good P /B ratio, a P/E of 8.5, and it pays dividends. Looking at the ROE here, it has a good ROE, including a growing history, it's around 18.4. Looking at the P/E, looking at the company's average, I'll even remove the anomaly. Oh, it didn't remove this one, but if we remove, discard this one and look only at these, we can see an average there, man, around 10 to 9%, and today it's 8.5, right? It's below the average . And looking at earnings and stock price, which I always like, this asymmetry here, which is actually increasing because the price is falling and earnings are growing. And perhaps by this point, you've asked yourself, Carlos, why are you showing several stocks that have a margin of safety? They are good companies, you saw there, eh, perennial sectors, but why are they falling? What's the point? Why are they actually falling? Man, first, we have absurdly high future interest rates. We currently have a very high Selic rate, with fixed income being highly profitable, right, in the short term. So for those who want profitability and security, fixed income is paying well there. And that's what the market wants , the market goes for that. And that's where all this pressure on variable income comes from. But it just takes a spark, it just takes a change, maybe electoral, something along those lines, and we will see a bull market again, something we haven't had for a long time. In other words, we are going through a lean period. It is really normal for us to see this. The next stock is one that I have also been buying for the channel's portfolio, which is Mahle Metal Leve, LEVE3, costing R $ 32.69. An automotive sector company, it hit a high of 36 and a low of 24. Look at the difference from the low to the high. Quite a lot, right? And it has a projected ceiling price of R $ 38.80 with a margin here of 15.75%. Then we have another stock that I really like, which is Porto, Porto Seguro, PSSA3. Here we are talking about the cream of the crop, right? We're talking about insurance, a real insurer at 492, it hit a high of 555 and its ceiling price is 59, meaning it feels quite cheap. I don't know why many people don't like Porto, but it's a company that really delivers a lot of results. Even looking at the latest result here, we see a ROE of 22.1%. Profit saw a growth of 17.7%here, and it has a few different fronts, right? Porto Seguro, Porto Health, Porto Services, and Porto Bank. In fact, you probably know Porto for their insurance services, right, for automobiles. Next, we have Bradesco, which unfortunately was duplicated here, right? We already had BBDC4 down here, look. It wasn't showing BBDC4 on screen, and here we have BBDC3 showing it's cheaper. The current price is 15.29 and the ceiling price is 18.40 with a margin of almost 17%. Now we're moving on to the top three. There are three stocks left here with the highest margins above 20%. But first, I'm leaving the first link in the video description for you to download a stock retirement simulator that many people have already downloaded and loved. And if you haven't downloaded it yet, take advantage because it's free, okay? and subscribe to this channel. Now, let's move on to those three stocks. By the way, I even revealed the fourth one here, which is Alos. Alos3, a shopping mall company. People often compare it to a real estate investment fund; it's costing R $ 27.32, a high of 43, and has a projected price here of R $ 33, a margin of 17%. Next, we have Vulcabras, the footwear sector, Vulk3, costing 42, it even hit over 20. And here we do have a retail company, really under pressure because of interest rates. It has a margin, it's a good company, the company behind Mizuno is a good company , Olympikus and so on, but man, the retail sector is being crushed. We're seeing several companies in judicial recovery on a daily basis. Here we have a projected ceiling price of almost R $ 17, right, R $ 16.87, a margin of 20.45 %. Then we reach the top two, and the top two is Irani, a company I've been buying mainly for the channel's portfolio, RANI3 costing R $ 7.60, it hit a high of R $ 9.70, it has a projected ceiling price of R $ 9.95, a margin of 23.62%. And now we arrive at the top one, but first I want to know, tell me in the comments what your guess is, which stock do you think has the highest margin of all those I track? Remember, this spreadsheet doesn't include every stock in the market, okay ? We have over 400 stocks; I don’t bring all of them, but rather the good ones, the ones already filtered, the good ones I analyze and follow are here . And now that enough time has passed, let's reveal it, but if you haven't said it yet, tell me in the comments, I want to see if you guessed it, okay? And there we are, we reached the top one, which is Banco Mercantil BMEB 4, banking sector, costing 9.50 BRL, it even hit 86.77, man. Ceiling price of 78, margin of safety of 23.572%. And it's Banco Mercantil, man. Banco Mercantil. Let's take a quick look here . BMEB 4. Take a look here. Just this year it's accumulating a drop. In the last year, a 31%gain. Let's set it to 10 years. Look at how much this bank went up in 10 years. It's insane. It went up 6,545%. In other words, if you had 1,000 BRL 10 years ago, today you would have 66,000 BRL. For every 1,000 BRL you had invested in this stock, it went up an absurd amount and today it's in the top one here with a margin of safety on my projective duck spreadsheet. Now tell me in the comments which of these stocks you are buying. Do you have any in your portfolio? I hope you enjoyed this video, take advantage of the members ' area below. A big hug, and now I'll even leave you with this video next to me, a hell of a video for you to watch. See you later.