World Cup 2023: A Profitable Goal for Retail and Beverage Sectors
As France leads the race for the World Cup, retail and beverage sectors are also turning into favorites in market forecasts. Brazilian brokerage XP's model predicts tourism, transport, and themed consumption will see boosts. Key players include Grupo SBF and Ambev, expecting increased sales during the tournament.
France is emerging as a frontrunner in the World Cup stakes, but retail and beverage stocks are gaining attention in market-related forecasts. Brazilian brokerage XP combines competition probabilities with investment strategies, highlighting how both soccer giants and consumer brands can emerge victorious.
XP's model, drawing on 10,000 simulations and 3,300 international matches, assigns France a 9% probability of winning the trophy, ahead of Spain and Argentina. Meanwhile, rival predictions from Goldman Sachs favor Spain with a higher 26% probability, emphasizing the variances in data-driven forecasts.
As analysts debate likely victors, investment opportunities are emerging. XP anticipates that the expanded 48-team tournament in North America will bolster tourism, transport, themed consumption, and streaming globally. In Brazil, retail and beverage sectors, spearheaded by Grupo SBF and Ambev, are primed for anticipated demand surges.
(With inputs from agencies.)
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