Inditex, Iberdrola and Endesa, the closest to their purchase levels

Fear once again took hold of investor sentiment on Monday, as a result of the rapid expansion that the omicron variant is starring across the planet. This variant, recognized just over a month ago in South Africa, has not been shown to be more severe, but it is much more contagious, which is already causing many governments to re-apply restrictions on economic activity and mobility with the aim of reducing a rate of contagions triggered on a date, in addition, which was key in the face of retail consumption.

Thus, although it is true that the beginning of the session pointed to greater falls than we finally saw in the market, some values ​​were heavily punished by generalized sales. However, as happened in other moments of tension in the stock markets, These volatility peaks have been the best times to enter in some titles, with a vision, of course, of the medium / long term.

In yesterday’s session, the Ibex finally closed with a fall of 0.83%, leaving a poor annual balance, with only seven days left to end the year, of just 2% rise. “The most striking thing and that continues to invite not to rule out a bullish counterattack is to see how it continues to resist above the support zone, of the 8,000 / 8,150 points that served as a brake on the first hour declines”, explains Joan Cabrero, Ecotrader advisor . “From there, it is rebounding and this leaves the swords at the top, since the transfer of this psychological level would open the door to a probable fall to 7,700 points,” he adds.

That said, there are several securities that have been approaching their respective purchase zones and that can be good options to build a portfolio with that longer-term vision. Yesterday, the most pronounced decreases were those of Merlin Properties, with more than a 6% drop after the open war that exists between its executive, led by Ismael Clemente, and one of the main shareholders, Santander, was uncovered. The Socimi, however, does not have a support to consider up to 8 euros per share, according to Joan Cabrero, so it is still would subtract a 10% drop from current levels.

The second biggest drop was that of Grifols, with more than 4%. This value is one of the most bearish of the entire Ibex in the year, penalized by the pandemic and by doubts about the viability of its balance sheet, stressed by the latest acquisitions. In this case, its buying area is at 14.8 euros, 6% of the price it reached yesterday.

Like is logic, Amadeus, Meliá and IAG also suffered yesterday from poor prospects for the tourism sector. In this sense, Meliá is the share that is closest to its optimal buying zone, located at 5 euros and even where there is a margin of decline of just over 8%. Amadeus is at almost 10% of its respective support, while IAG is in the free fall zone and does not have a reliable floor, according to Ecotrader experts, even the euro per share, which is still at 34% of the price current.

However, the companies that are currently closest to reaching an optimal purchase price are Inditex, Iberdrola, Endesa, Acciona and Repsol, in that order. In the case of the textile firm, the recent falls, added to a context of certain relative weakness after changing its executive president and CEO, in addition to presenting results that did not satisfy the market, have left it to just 4% of the entry level that they advise from Ecotrader, which is 26.5 euros.

At Iberdrola, this price is 9.2 euros, from which it is separated by a decrease of just over 5%, also coinciding with its entry into Eco10 (the portfolio with the highest consensus on the Spanish stock market) and La Cartera de elEconomista ( the active management tool proposed by this medium), after seeing a clear improvement in its recommendation.

Finally, the next one that trades closer to its respective entry level is Endesa, at 5.5% of the 18.5 euros. It must be remembered, in this case, that next January 3 will distribute 0.5 euros of dividend and the last day to buy shares with the right to collect will be Wednesday, December 29. It offers a profitability of 2.5%.

You have to wait for Rovi at 55 euros

Rovi began trading on the Ibex 35 this Monday after it was included in the index two weeks ago. The new member is the value that has risen the most in the year of those that currently make up the selective, with more than an 80% increase, which has left few opportunities to enter a value that receives one of the best recommendations. Yesterday it did not follow the bearish trail of the Ibex and continued trading in the area of ​​historical highs, which has moved it further away from its optimal buying area. For Joan Cabrero, Ecotrader advisor, this is at 55 euros. In other words, it would be necessary to see a correction of the title of more than 20% from the current levels to think about opening a strategy in Rovi, “which is in absolute free rise,” he clarifies.