Santander, IAG, Amadeus ... Values to get the most out of the Ibex

The Ibex 35 It has been on the verge of resistance for several weeks now, the overcoming of which would allow us to think of more sumptuous bullish targets. The selective Spanish, desperately seeks the catalyst that allows him to beat the 9,055 points and, therefore, open the door to more ambitious goals for the remainder of the year.

And it is that, while the barrera what this resistance supposes is not knocked down, you cannot think of levels such as the maximums of the year (9,310 points) and above all 10,100 points, which is where the Spanish selective was listed before Covid-crash in the event of a hypothetical end-of-year rally. “The breaking of the 9,055 points would invite you to buy more Spanish equities and until you do, the ideal is to do nothing to avoid unnecessary displeasure in the form of a new fall to the base of the consolidation process in the 8,550 points“, explains Joan Cabrero, technical analyst and advisor to Ecotrader, who yes, considers that bearish scenario as the least likely.

However, despite this sluggishness in the national selective, exceptions can always be found. Securities that are listed in technically attractive areas and with upward potential for this final stretch of the year and the beginning of 2022. And not only that, but they also combine technical charm with overwhelming fundamental strength that being in the orbit of The Portfolio the Economist, the latest tool to emerge from Ecotrader that offers a model as real as possible for the management of a set of up to ten Spanish securities, starting from a capital of 100.000 euros.

Companies such as Banco Santander, IAG, Amadeus, Acerinox or Logista (the only firm outside the Ibex 35 of the selection), are presented as the spearheads with which to attack Spanish equities, by combining a moment per technician who offers a bullish scenario for the months of November and December and a strength due to fundamentals that is reflected in a solid net profit for the following years and in a recommendation by investment firms that places them between the best 10 of the Ibex 35, with the exception of Amadeus, which is the only company of all those chosen that does not display the green purchase sign.

Santander, A potential close to 65% and a purchase council

The search for ambitious objectives at Banco Santander would lead us to think about the highs that the entity reached in 2015 and 2018, which are at 5.30 euros. “We are talking about a 65% potential,” says Cabrero, who insists that “the recommendation is to buy.” Something that the market consensus also thinks, which has improved its advice on the firm in recent weeks and is on track to beat its profitability target for 2021.

“It is a matter of time before we see IAG at 5 euros”

“It is a title in which I have high hopes for the next few months, it is a matter of time before we see it go back to trading at around 5 euros”, assures the technical analyst, who of course, before this objective of medium term raises intermediate resistance in the 2.55 and 3 euros heading into this final stretch of the year. An area that is also expected by the average number of investment firms to arrive and which is 30% away.

Amadeus, a commitment to profit recovery

Amadeus has opened a new buying opportunity in the last few sessions and “in the coming months I understand that it could go looking for levels where it was trading before Covid-crash, this is the 75/78,50 euros“, says Cabrero. The latter would gain many integers if it manages to exceed 66 euros. And this hypothesis is not something unreasonable if the recovery of benefits that analysts project for it for 2022, 2023 and 2024 is taken into account.

Logista seeks the most bullish technical situation that exists

Management during the pandemic and the positive evolution of sectors such as pharmaceuticals and electronic commerce, as well as a recovery in industrial parcels and long-distance transport, are some of the factors that analysts point to to argue the positive evolution of the Spanish on the stock market, which is one step away from the historical highs of 2018 at 19.30 euros. Overcoming it would put it in the most bullish technical situation, the absolute free raise.

2021 may be a record year in every way for Acerinox

The conclusion of the consolidation phase developed in recent months opens the door to a continuation of its main upward trend. This, together with the rise in steel prices, the increase in demand since China has stopped flooding the world with its exports, leaves Acerinox at the gates of all kinds of records, both for profit (expected 492 million, only 11 less than in 2006) and on the stock market, where it is around the highest.