19 actions and BDRs to protect the wallet in times of geopolitical instability

While the world still observes the developments of the US attack on Iran’s nuclear facilities followed by the announcement of ceasefire and the continuity of the war between Russia and Ukraine, some investors may choose actions that protect portfolios in war times.

When there is geopolitical tension, exporting roles, companies with robust demand even in times of crisis and oil producers are among the defensive options.

Most important, however, is to maintain long -term vision and not make emotions -based decisions, forgetting the fundamentals, analysts say. “Instead of radical changes, the ideal is to consider tactical adjustments: reinforce resilient actions and identify ‘antifragile’ components, taking advantage of its potential for appreciation,” says José Victor Cassiolato, Victrix’s strategist.

For Ângelo Belitardo, Hike Capital manager, “although sudden portfolio changes are not recommended for long -term vision investors, it is prudent to consider tactical or protective adjustments.” He argues that “international crises can justify punctual adjustments, but the backbone of the portfolio should continue to be built based on the structural vectors of the Brazilian economy and the investor profile.”

For these tactical adjustments, Belitardo, Cassiolato and five other experts sought by the Infomoney They recommended 19 actions and BDRs – and an ETF – that protect the portfolio when there are conflicts or rumors of war; Check:

Oil

“Oil companies can benefit from discharge from the international quotations of the Commodity barrel, which can happen in conflicts involving Gulf countries,” says Sidney Lima, an analyst of Ouro Preto Investimentos.

The expert indicates the action of Petrobras (Petr3) as one of the portfolio protection options today. Fernando Siqueira, Head of Research at Eleven Financial, recommends, besides the state -owned company, the Prio (Prio3). Outside, it indicates “oil companies with greater liquidity”, both with BDRs listed on the Brazilian bag: Chevron (CHVX34) and Exxon Mobil (Exxo34).

Defense

The companies sector linked to the manufacture of combat aircraft and defense systems can also be a defensive option in times of instability when countries invest in defense.

In this segment, Belitardo recommends exposure to Northrop Grumman (NOCG34)responsible for the B-2 Spirit, the “invisible” plane of the United States used to attack Iran’s nuclear facilities. Belitardo also cites Boeing (Boei34), Raytheon Technologies (Rytt34) and Lockheed Martin (LMTB34) as interesting papers for the present moment.

In B3, Embraer (EMBR3) It is highlighted by Cassiolato, from Victrix. He recalls that the defense division was one of the least impacted by the macroeconomic scenario and the company’s margins and revenues in the first quarter of this year. “International contracts, especially in the military segment, have had a positive impact on operational performance,” says Cassiolato.

Gold and silver

Traditionally used as an emergency reserve, gold stands out in times of increased perception of geopolitical risks. Therefore, Max Bohm, director of strategies at Nomos, recommends exposure to Aura Minerals (Aura33). In reportXP also recommends buying the paper, citing the positive perspective for gold and explaining that about 60% of the high 395% of the paper in 2024 was driven by the rise of the material.

Bohm still indicates the Barrick Gold (Barr34)“A gold mining company that also gains value in risk aversion scenarios” and the BSLV39ETF (index background) that replicates the performance of silver abroad.

Exporters

Back to Brazilian companies, companies with dollar revenue are portfolio protection options in times of geopolitical instability, as the dollar is still the most sought after currency for those who want to protect the portfolio. Therefore, Enrico Gazola, founding partner of Nero Consultoria, recommends OK (Voucher3) and Suzano (Suzb3): “Local cost structure and external revenues provide hedge (protection) natural currency.

Proteins

Also exporters, protein -based food producers offer portfolio protection because, in addition to dolarized recipes, “they have practically inelastic demand,” explains Sidney Lima. He highlights JBS (JBSS3) and BRF (BRFS3).

However, the expert says the investor needs to be aware of regulatory issues and restrictions involving the sector and China, the main importer of important products.

Electricity

Always cited among companies with the most predictable revenues and good dividend distribution, electricity companies enter virtually any portfolio protection list. Harrison Gonçalves, CFA, sees the Copel (CPLO6) As the best positioned in the sector today: “It is highly diverse in one of the most relevant areas of the Brazilian economy and, being considered of non -discretionary consumption, its business model is aligned with a consistent dividend distribution policy.”

Cassiolato also recommends CPLO6 and adds Electrobras (ELET3) to the list of recommendations in the electricity sector. “The regulated and essential nature of the activity, coupled with the size of the company within the national electricity sector, contributes to the reading that the company has structural elements associated with resilience in scenarios of greater uncertainty,” says the strategist.

Basic consumption

And speaking of constant demand, Johnson & Johnson (JNJB34) and Procter & Gamble (PGCO34) “They tend to maintain margins even in periods of turbulence, according to Belitardo, from Hike, which accredits them as options for the present moment.