Often, the first step when investing savings or surplus money is to identify a potentially lucrative sector and evaluate the risk-return combination. Thus, for next year, the consensus of analysts confirms medium or long-term investments as an option with fundamentals, according to Washington Capital.
“Traditional alternatives such as gold will remain and being invested in dollars is always advisable. However, new players in the market such as artificial intelligence and investments in Argentina could become a trend that will mark 2024,” highlights Washington López, CEO of Washington Capital.
The most attractive investments for the new period, according to the expert, are the following:
● Gold: Historically, gold competes with US Treasuries in portfolio allocation. Today, bitcoin and similar digital assets compete almost on par.
● Shares in Tesla: company that recently reported a sales increase of more than 47% in the second quarter, after a 24.4% increase in the first. It beat earnings expectations and reported sales that eclipsed predictions. With a figure of US$24,930 million. Additionally, with earnings per share of US$0.91, it beat estimates by 82 cents.
● Artificial intelligence: It is a near future that favors retail investors. 2024 could be the year the artificial intelligence (AI) sector thrives. The AI space is expected to grow exponentially towards the end of the decade. “You only have to look at the furor caused by the appearance of ChatGPT to see its potential,” says López, CEO of Washington Capital.
Furthermore, he adds that in recent times, there has been a big push from Apple, which announced that it was working on artificial intelligence tools to challenge OpenAI services, including what some call its own Apple GPT. Other major players include Alphabet, Microsoft, and Tesla, to name a few.
● Lithium Americas: Lithium is a key mineral in the energy transition, since it is essential to ensure new forms of electric mobility and the storage of renewable energies. Lithium Americas is one of the most popular lithium stocks out there. The company is prepared to exploit the amount of 13.7 million tons of lithium carbonate, which could extract 80,000 tons per year.
The projected numbers are promising, with the net present value of the project after taxes estimated to be a staggering US$5 billion.
Why is there talk of an investment trend in Argentina?
The Argentine Stock Exchange has been one of the most profitable in 2023. With the presidential elections approaching, and center-right parties leading in the polls, economic analysts expect these events to boost the stock market’s shares, especially companies that have fundamentals such as:
● YPF, Fiscal Oil Fields: Argentine company dedicated to the exploration, exploitation and production of electrical energy, gas, oil and hydrocarbon derivatives and other products related to the industry. Argentina, Chile and Bolivia make up the Lithium Triangle, containing 60% of the world’s resources, which positions the region as a regional platform for lithium production worldwide. In this context, YPF’s objective is to participate and promote the growth of this strategic business for the energy sector.
● Mercado Libre (MELI): In 2022, the company recorded a sales volume of US$75.6 billion, a growth of 23% compared to the previous year. As part of its growth, in previous years, it signed agreements with DHL to offer international shipping to more than 150 countries, partnered with FedEx to offer last mile shipments in Argentina, Brazil, Chile, Colombia, Mexico and Peru. In 2022, it announced a partnership with DHL Express to offer air shipments in Argentina, Brazil, Chile, Colombia, Mexico and Peru.
“In the case of Argentina, a Peruvian can invest in these assets via a formal Fund, through an advisor, or buy structured notes with medium and long-term investment plans with higher returns than traditional savings proposals,” he concludes. Washington Lopez.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
