10+ | Interesse em Bolsa e preferência pela renda fixa

XP Research Top 10 conteúdos que você não pode deixar de ver. Confira toda semana uma seleção de conteúdos essenciais, feita pela nossa equipe, para você estar sempre atualizado/a sobre o que aconteceu de mais importante nos mercados e investir cada vez melhor. 1. Calendário de resultados do 3º trimestre de 2025 – Brasil Acesse aqui o calendário completo com a data que as empresas irão divulgar seus resultados do 3º trimestre de 2025 e acompanhe os nossos relatórios para saber como investir melhor. 2. Eletrobras (ELET3), Sabesp (SBSP3) e mais Atualizamos nossa cobertura das Utilities brasileiras e também iniciamos a cobertura da Neoenergia (Compra; preço-alvo para 2026 de R$ 42,6/ação), CPFL (Compra; preço-alvo para 2026 de R$ 45,4/ação) e Light (Compra; preço-alvo para 2026 de R$ 6,2/ação). Nossas preferências no setor são: EQTL3, ORVR3, ENGI3, SBSP3, CSMG3, ELET3 e LIGT3. Leia o relatório para ver quais são os nossos preços-alvo para as ações. 3. Crédito privado no Brasil e as perspectivas de juros | Econocast #117 No episódio 117 do Econocast, Luíza Pinese e Caio Megale recebem Camila Dolle, head de Renda Fixa no Research XP, e Victor Scalet, estrategista macro da XP, para discutir os recentes eventos no mercado de crédito privado e seus impactos sobre os ativos brasileiros. O time começa analisando as principais diferenças quando comparado a episódios anteriores e comenta como os juros altos vêm afetando as empresas e o apetite dos investidores. O debate também se volta para o comportamento do câmbio e da curva de juros, o papel dos investidores locais e estrangeiros e o que acompanhar nos próximos meses diante de um ambiente de incertezas. Confira o episódio aqui. 4. FIIs para investir em outubro Quer saber quais são os melhores FIIs para investir em outubro de 2025? Neste vídeo, Marx Gonçalves, head de Fundos Listados no Research da XP, apresenta os destaques da Carteira Fundamentalista de Fundos Imobiliários da XP, com foco em ativos defensivos, alto dividend yield e potencial de valorização. Assista ao vídeo e conheça três ativos que estão na carteira. 5. Feedback Fashion Conference XP Realizamos a 4ª edição da XP Fashion Conference, com a presença de 11 empresas: Alpargatas, Aramis, Azzas 2154, Grendene, Grupo SBF, Guararapes, Live!, Track&Field, Veste, Vivara e Vulcabras. De modo geral, observamos investidores atentos às tendências de curto prazo com a aproximação da temporada de resultados do 3º trimestre, ao mesmo tempo em que questionavam temas mais estruturais, como reforma tributária, perspectivas para 2026 e atualizações estratégicas específicas das empresas. No geral, as empresas de Health & Wellness (H&W) e de alta renda se destacaram, com desempenho sólido e perspectivas positivas. Por fim, destacamos AZZA e VIVA como as empresas mais demandadas, seguidas por SBFG, ALPA e TFCO em um segundo grupo. Confira os destaques da conferência. 6. Eletrobras (ELET3): desinvestimento da Eletronuclear anunciado A Eletrobras anunciou a venda de sua participação acionária na Eletronuclear para a J&F por R$ 535 milhões. Embora esse valor esteja abaixo da nossa estimativa de valor justo para a participação (XPe de R$ 4,5 bilhões) e a leitura inicial numérica seja negativa, vemos o desinvestimento, juntamente com a transferência de obrigações futuras e passadas para o comprador, como um evento relevante de redução de riscos para a tese de investimento. Apesar de o preço da transação parecer desalinhado com nossa avaliação, a relevância estratégica de eliminar passivos contingentes é significativa. Nesse contexto, acreditamos que a reação marginalmente positiva do mercado seja justificada. Confira a análise completa. 7. Resultados de empresas internacionais – 3º trimestre de 2025 Essa semana, J.P. Morgan, Goldman Sachs, Morgan Stanley, ASML e mais empresas divulgaram seus resultados. Acesse a página para ver nossos relatórios. 8. COP30: o que esperar? Daqui a um mês, representantes governamentais e líderes da indústria de todo o mundo se reunirão em Belém, Brasil, para a COP30, Conferência da ONU sobre Mudança do Clima. Programada para ocorrer dos dias 10 a 21 de novembro, o Brasil, como país anfitrião, deverá desempenhar um papel mais proeminente na diplomacia climática global, ao mesmo tempo em que deve aproveitar a oportunidade para priorizar sua agenda climática nacional. Neste relatório – o primeiro de uma série relacionada à COP-30 –, destacamos três temas-chave que provavelmente dominarão as discussões: (i) validação e ampliação dos compromissos em meio a um cenário climático desafiador; (ii) aceleração da agenda global de descarbonização; e (iii) otimização do uso da terra e maximização da biodiversidade. Saiba mais aqui. 9. Os desafios do mercado global, com Caio Megale | Outliers 173 No episódio 173 do Outliers InfoMoney, Clara Sodré e Fabiano Cintra recebem Caio Megale, economista-chefe da XP, para uma conversa direta sobre os desdobramentos políticos internacionais, os impactos na inflação e no câmbio e como tudo isso chega ao bolso do investidor brasileiro. Em mais uma edição especial que aborda o cenário politico e econômico a nível mundial, foram discutidos: (i) a paralisação da máquina pública americana e seus efeitos nos mercados; (ii) a reaproximação entre EUA e China em meio à disputa comercial; e (iii) riscos e oportunidades para o Brasil em um 2025 imprevisível. Assista ao episódio completo. 10. Pesquisa com assessores XP: interesse em Bolsa e preferência pela renda fixa Neste mês, realizamos uma nova edição da nossa pesquisa com os assessores da XP e assessores de investimento de escritórios autônomos filiados à XP Investimentos. Temos como objetivo obter a visão dos assessores e, principalmente, dos seus clientes sobre investimentos. Acesse o relatório completo.   Confira os destaques da semana Disclaimer 1) This report was prepared by XP Investimentos CCTVM S.A. 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