Where to invest in the stock market today: Bankinter, CaixaBank, Telefónica and Neinor Homes

Analysis of the best options to know where to invest now and which are the most interesting investments for today’s session.

trading opportunities

The selective spanish says goodbye to 8,500 points in a session that ended with a strong rebound on Wall Street and therefore a rebound can be generated in today’s session.

However, as long as we do not see prices above the medium-term moving average of 8,632 points, the risk of seeing more profit-taking It is very high.

In any case, no matter what happens, we always have a set of values ​​that are doing tremendously well and several of them are worth being in my dashboard. They are in a very important technical momentin addition to having many investors attentive to them.

What should you invest in according to your age?:

1) Bankinter: We need to see closings above 5.18 euros to assess the possibility of continuing towards 5.33 and if you can with them continue towards 5.87 euros.

2) CaixaBank: If it manages to be placed above 2.78 euros we can see an additional section until testing the recent maximums at 2,926 euros with a protective stop at the lows of the session in which those 2.78 euros are made.

3) Telephone: Pay attention to the resistance of 4.16 euros which has value because its break opens up a scenario of continued bullishness up to the area of ​​4.49 euros.

4) Neinor Homes: We will have to be attentive to what happens with the resistance of the 12 euros since it would generate a new buy signal with a target of 12.60 euros.

Evolution of values ​​under monitoring

Evolution of values ​​under monitoring
Eduardo BolinchesVisualChart

Evergrande assures that it will present a restructuring plan in six months

The Chinese real estate developer will seek ways to optimize its financial structure and overcome the collapse of its debt.

Evergrande Group He has held a telephone conference with his creditors this Wednesday in which he has indicated that he plans to present his plan for restructuring within six months. This is stated in a statement sent by the Chinese promoter to the Hong Kong Stock Exchange.

In the conversation, Evergrande has assured that it has “reiterated” its position that it will evaluate the group’s business conditions with the aim of formulating a restructuring plan that protect “the rights” of all stakeholders.

In this sense, the promoter has urged its auditor to carry out all the preliminary work, while continuing to “listen carefully to the opinions and suggestions of the creditors”.

In any case, the Chinese promoter has warned that both the company’s investors and other types of investors must have “caution” when dealing with company values.

The Chinese real estate conglomerate, which accumulates liabilities of more than 300,000 million dollars (265,586 million euros), recognized in early December that there are no guarantees that you will have the necessary funds to meet its financial obligations.

XTB: “ArcelorMittal renews nine-year highs”

The steelmaker has shown strong signs of a reversal of the downtrend seen from 2018 highs.

ArcelorMittalwhich at the beginning of 2020 received the impact of the pandemic like the rest of the listed companies, has had -however- a performance since the lows of March that is very different from its reference market, the Ibex 35.

The steelmaker scored a spectacular revaluation during 2021 of more than 50%. Even despite the lateral range that began in March 2021 between 23.6 euros and the maximums from 2013 to 2018 at 32.12 euros per share.

And it was nothing more than the culmination of a greater revaluation observed during 2020. Specifically, from the lows of March of that year, the steel company soared more than 235%also exceeding pre-pandemic levels.

Is about a reversal of the observed trend from the highs in 2018, in which the company has been immersed in a corrective process in which it lost 50% of its value for two years.

During this period, ArcelorMittal was impacted by the drop in industrial metal prices of almost 40% together with a lower demand from its most important clients, among which the boat manufacturers stand out. However, in this new stage, the fall in demand together with the fall in the prices of raw materials was absorbed by the impact of the pandemic.

ArcelorMittal stock market evolution.

ArcelorMittal stock market evolution.

As steel and aluminum prices have recovered and industrial activity picks up again, the company benefits from the levels of industrial metals. And more specifically of steelclose to its all-time highs.

In this context, the listed company is in the process of throw-back (ABC) after topping nine-year highs for convert what has been a resistance in this period in a new support with which to relaunch its bullish rally.

In this sense, the extended 161.8% Fibonacci retracement from the recent sideways range shows us a first potential target of 35.6 euros per share. And a second target at 261.8% of the same decline, coinciding with the maximum environment of 2012 at 43.3%.

As long as aluminum and steel prices continue to trend, confidence in this move will remain in place.

***Dario Garcia He is an XTB analyst

The president of PharmaMar expands his investment in the pharmaceutical beyond 11%

The number one pharmaceutical company increases its weight in the company’s capital, pending studies on the effect of Aplidin against Covid.

José María Fernández Sousa-Faro, president of PharmaMar.

The President of PharmaMar, José María Fernández de Sousa, has reported a new increase in weight in the company’s capital. As a result of his latest purchases of shares in the pharmaceutical company, its participation already reaches 11.126% of the shareholders.

Fernández de Sousa has notified this Wednesday to the National Securities Market Commission (CNMV) the details of this increase in investment. The form indicates that it is a “voluntary notice” with the aim of updating their participation based on their latest purchases, duly communicated to the supervisor in recent days.

In this sense, the president does not exceed or breach any of the thresholds that make it necessary for an investor to update his position. However, being Member of the Management BoardFernández de Sousa does have the obligation to notify the CNMV of any transaction for the sale of PharmaMar shares.

According to the current price of PharmaMar, its participation amounts to a market value of 112.32 million euros. The president explains to the supervisor that the entire package is built through the possession of shares in the pharmaceutical company. Also indirectly by the portfolio that corresponds to his wife.

So much so that, this very Wednesday, the also proprietary director of PharmaMar, Montserrat Andrade, has reported that its weight in the company rises to 5.116% of the capital today. In this case, their participation is equivalent to an investment of 51.65 million euros at market prices.

Fight against Covid

The notification of the marriage occurs at a time of special significance for the pharmaceutical company, since it is in the midst of studying the effects that its drug Aplidin may have on the treatment of Covid-19 patients with moderate infection. Some analyzes that, to date, have revealed efficacy even against the omicron variant.

This was published on January 11 in the prestigious magazine Life Science Alliance. The conclusions of the studies led by doctor Adolfo Garcia-Sastreprofessor in the Department of Microbiology at the Icahn School of Medicine at Mount Sinai, in New York (USA) pointed out that “Plitidepsin has been shown to have a potent antiviral activity in all variants at very low concentrations (nanomolar) with a positive in vitro therapeutic index”.

Wall Street faces another crashing session of cuts for Netflix

The entertainment platform’s forecasts remain below market estimates and its shares fall sharply.

Wall Street wears red again one more day. The disappointment of investors with the accounts and business forecasts of Netflix is ​​contagious among the big technology companies and threatens to condemn several indices to his worst week in over a year. Even easing bond rates doesn’t smooth out declines.

Once the initial fear of a possible withdrawal of monetary stimuli more agile than what has been announced so far by the US Federal Reserve (Fed) has been overcome, there is once again a certain peace in the fixed income markets. The ten year bond of the world’s leading economy returns to move a little further away from the key 2% bound and this Friday around rates of 1.75%.

Despite this relief, sales on the New York Stock Exchange prevail due to the lack of enthusiasm generated by the accounts of the most agile companies in publishing their annual balance sheets. The Dow-Jones falls 0.5% to 34,500 points. 1.1% leave the S&P 500, around 4,400 points. Meanwhile, the technological nasdaq suffers almost 2% down and drills 13,900 points.

This is how Wall Street opens
Eduardo Bolinches

The fact that the only reference of a certain macroeconomic significance that saw the light this Friday has nailed the forecast of the experts also did not give reasons to relieve falls. A very widespread checkout that follows in the footsteps of Europe in a session in which, in addition, the first monthly expiration of derivatives of the year takes place.

The Conference Board main index it remains at 0.8% in its December reading. That is the level that the experts had predicted and that improves its previous reading by only one tenth of a percentage point, when it fell short of the consensus estimates.

Stampede on Netflix

With these ingredients, the focus of the session is directed with all its weight towards Netflix. The platform sees its shares fall 24% after realizing a net profit of 5,116 million dollars. Although the figure represents 85.2% more than a year ago, what disappoints are their subscription numbers.

the tech giant expects to increase its number of subscribers by 2.5 million throughout the first quarter of the year, a volume that represents a sharp slowdown in growth compared to the 8.29 million subscribers it gained in the last three months of 2021. A slowdown that even exceeds what the latest reports had recently been forecasting .

Intel dodges the blow

Without leaving the sector, Intel is news for the announcement that plans to invest 20,000 million dollars in the construction of two chip factories in Ohio (USA). An initiative with which he hopes to create up to 10,000 jobs in the region. In addition, it foresees that it will be enough to face the high demand for semiconductors. With these plans you get to add 1% against the current to your stock market price.

Once again, the head of Banco Santander in the US has announced that it is extending the deadline to acquire the shares of its subsidiary Consumer USA that are out of your control. On this occasion, the Deadline for acceptance of the takeover bid is moved to January 27 and it is the fourteenth time that it proceeds to an extension of this type.

platoon bounces

In the opposite direction to what happens on Netflix, this Friday is a comeback day for Platoon Interactive. The shares of the sports technology company manage to add 5% after the denial that its board would be programming production stoppages and layoffs due to a complex financial situation. Some information that in the final stretch of Thursday’s session resulted in a 23% drop for their titles.

Telefónica consolidates the 4 euros with increases of 0.5% supported by Italy and Criteria

The advances towards a greater consolidation of the telecommunications sector in the transalpine country encourage the taking of positions in the Spanish one.

Telefónica headquarters in Madrid.

Telephone stood out this Monday with advances of 0.46% -which in the middle of the session reached 3.5%- against the current of an Ibex 35 in clear decline. The operator got consolidate above the key level of 4 euros per share supported by a new round of purchases of Criteria Caixa and the possibility that two of its rivals combine their businesses in Italy.

In intraday highs, Telefónica reached 4.14 euros per share, which remained at 4.022 euros at the close. Quite an achievement if one takes into account that the Ibex 35 lost 3.2% this Monday in its worst session in the last two months, with losing 277 points in one go. Thus, this was the eighth consecutive session in which the operator moved above the key reference of 4 euros per share.

One of the engines of this upturn against the current was in the possibility of Iliad and Vodafone merging their businesses in Italy. An operation that both companies would currently be studying, as published this Sunday Reuters.

Although the transaction would be in its earliest stages, corporate movements in the sector have always been good for Telefónica’s listing.

If the talks where it is the most fragmented and competitive European market of Europe for the sector, a firm with a penetration in the mobile market of around 36% would be created. In addition, their combined income would be around 6,000 million euros and there would be a certain de-escalation in the fierce price war that is being experienced in the country.

Criteria’s purchases

As if that were not enough incentive to boost purchases at Telefónica, this Monday Criteria Caixa has notified a new acquisition of operator shares. And not just any, but the most bulky so far this year.

On this occasion, the investment arm of the financial group La Caixa has reported the purchase of 30,000 shares of Telefónica at a unit price of 3.99 euros. An operation held last Friday, January 21, which, therefore, mobilized a total of 119,700 euros.

After a particularly intense 2021 in terms of purchases, Criteria continues to increase positions in the heavyweight of the Ibex 35. Thus, so far this year, it has already taken nearly 200,000 shares of Telefónica, for which it has faced a disbursement of more than 750,000 euros.

Furthermore, this time the holding companyhas anticipated more purchases in the future. And it is that the acquisition has been accompanied by the selling options put that give the right to more acquisitions at a softer price than the market price at maturity. A usual strategy for Criteria that, however, had not been produced in several of its latest transactions.

Voluntary terminations

More specifically, 200,000 of these options have been disposed of for a unit price of 0.03 euros. An amount that, as usual, points to the bullish strategy Criteria has been following the Spanish operator for a long time.

Likewise, this Friday it was also known that a total of 2,418 Telefónica Spain workers signed up to the latest voluntary termination plan launched by the operator. A figure that This represents 53.3% of the 4,532 workers who met the seniority requirements and an acceptance of more than 38% of the workforce set for critical areas.

In the opinion of Eduardo Bolinches, an analyst at Invertia, as long as the value respects 4.06 euros per share, its continuity above the level of 4 per share seems to be assured. In fact, it is precisely in this brand where it finds its second most immediate support.

At the top, after an accumulated comeback of 14% in the last year for Telefónica shares, its closest resistance places it at 4,162 euros by title. A level that, according to Bolinches, coincides with its maximum of last year.

this same Monday, Vodafone it shoots up about 5% on the London Stock Exchange against the current of a parquet in which declines also dominate. In the meantime, Telecom Italy (Gruppo TIM) is suffering from the threat that the eventual merger with Iliad would pose to its business with declines of more than 1% on the Milan Stock Exchange.

The popularity of bitcoin changes the focus for its control: from the veto to the firewall

Cryptocurrencies have become an asset followed by masses of investors around the world, which is becoming increasingly difficult to fence.

A coin representing bitcoin breaks through a wall.

The efforts of the institutions to have control of bitcoin they change their accent. The unstoppable diffusion of cryptocurrencies has turned the focus on its regulation from the formulation of vetoes towards the introduction of firewalls between them and the world of traditional finance.

Given the evidence that these digital assets enjoy a growing popularity and proof of its huge price lurches, more voices and higher reputation advocate for this paradigm shift. The ultimate goal is that the expansion of cryptocurrencies that have failed to stop bans in force in various countries of the world does not end up becoming a risk for the financial system.

The most significant change of direction in this sense has just been given by the International Monetary Fund (IMF). In its latest study on the evolution of cryptocurrencies, the organization opts for this formula as the best way to save traditional finances from any shock that can be produced in bitcoin, ethereum or any of its little sisters.

Risk of contagion

Those most enthusiastic about these digital assets present this change in focus as “an acknowledgment of their ability to challenge the traditional financial system”, as defended by an operator of this market. However, the truth is that the IMF’s concerns have exactly the opposite motivation, as it states that “crypto assets are no longer outside the financial system.”

The institution’s warning is clear. If what you want is to avoid risk of contagion between the financial markets”, it is urgent that a “comprehensive and coordinated” regulatory framework be established at a global level that addresses this issue. And it is that the fact that cryptocurrencies are part of decentralized structures and without physical location makes it difficult for national vetoes to be effective for this pressing purpose.

In this sense, the truth is that every time a country has proceeded to totally ban cryptocurrencies or any of its uses, the measure has translated into more volatility for its price. The most recent cases have been Turkey Y Russia. In both cases, the price lurches caused by their vetoes have been pointed out precisely as arguments to justify their categorical decision.

The person in charge of one of the most well-known Spanish digital asset platforms explains that, “if this paradigm shift were put into set phrases, it would mean going from making an effort to put doors to the field to build firebreaks so that, in the event of a fire, the damage is as limited as possible”. Something that he considers much more executable and positive.

No diversifying effect

Precisely, from the IMF it is warned that “cryptoactives such as bitcoin have gone from being a class of dark assets with few users to an integral part of the digital asset revolution”. A spread that, as he explains, has increased in tandem with “a growing interconnection between virtual assets and financial markets”.

It is this parallelism between popularity and correlation with traditional investment assets that has pointed to the need for these firewalls. And it is that the data collected by the institution in its study underline that “its correlation with stocks has become higher than that of stocks and other assets such as gold, investment grade bonds and major currencies.

Beyond questions of use, this link between actions and cryptocurrencies is what already “generates concerns on financial stability. Even more so because many of those who entered these digital assets in the early stages of the pandemic did so looking to diversify the risk of their portfolio and now they find that their most recent evolution proves the opposite.

brussels earrings

While the regulation of the sector in Europe through the directive Mica (of English, Markets in CryptoAssets) is delayed, this change of focus seems to bless the line that was being worked on, albeit very slowly, in Brussels. In this sense, it is foreseen that the norm leaves outside its scope issues relating to the use of tokens as a means of payment and other factors such as mining.

Instead, the emphasis will be on pointing out clear rules of the game for the operation with crypto assets, their exchange and issuance through initial offers (ICOfor its English acronym).

The question is whether, while more and more citizens entrust part of their savings to these assets, the introduction of new licenses and supervision requirements will be enough firewalls up on time between this world and that of the old finances.

Bond Yield Fear Returns: Will Rates Rise in March?

The US bond has multiplied its yield by five in a few months and the stock markets are beginning to tremble.

The word bonds on banknotes and a calculator.

Next week we have an appointment with theUS Federal Reserve (Fed)in which we will learn an update on the plans they have to raise interest rates in this year 2022. And, above all, the market will try to decipher if that rise can begin in the month of March.

Since the last statement, the option that these increases begin in the month of March has been gaining supporters. Even many US analysts are betting that the Fed should make a clear statement of intent with the immediate half-point hike with the intention of restoring its credibility.

However, it must be said that if the Federal Reserve did that, the declines we have seen this week in the stock market would be ridiculous with what would happen if we were faced with such a situation without warning. Rather we would follow the model of the fall of the shares of Netflix more than those of the Nasdaq 100 itself.

Right now, in the minds of investors we have a major disorientation because they really have the feeling that the current corrections that we are experiencing are, as has been the case for years, a new buying opportunity. On the other hand, the proximity of the Fed’s afternoon interest rate hike makes some wonder if there will come a day when this pattern changes, and above all, if that change has already occurred.

The economy begins to show its effects due to high inflation, so the Federal Reserve is forced to raise interest rates that have been at zero for too long. And, every time there has been an attempt to lift those interest rates above 0%, the markets have spoken with decline.

US 2-year bond rate above 1%

US 2-year bond rate above 1%
Eduardo Bolinchesstock charts

This is the result of blowing up a record credit bubble and keeping interest rates at 0% for too long. And what is worse, with the arrival of the pandemic, it allowed many companies that were already imploding at the end of 2019 to refinance their debt at low cost, generating an even bigger bubble.

The biotech company Vytrus will debut at BME Growth “in the coming months”

The Catalan company is looking for financial muscle to accelerate its growth after increasing its turnover by 65%.

Albert Jané and Òscar Expósito, co-CEOs of Vytrus.

Vytrus Biotech sets course for its debut in BME Growth “in the coming months”. The Catalan biotechnology company announced on Tuesday its intention to jump onto the Spanish stock market for SMEs with a view to future corporate operations to expand its growth.

The objective of the biotechnology is to debut in the modality of listing, without proceeding to a prior placement of shares. For this, the services of GVC Gaesco as registered advisor and liquidity provider. Meanwhile, the Garrigues and IMB Grup law firms are acting as legal advisors for the operation.

However, as a preliminary step to its jump to the market, the company has proceeded to a capital operation for 2.4 million euros, mainly in cash-out. This investment round has been led by Zamit Capitalan investment fund managed by GVC Gaesco, and Vytrus’s business partner in the US.

Founders and shareholders

Likewise, IUCT Emprèn, managed by Inkemia, has sold its entire stake after nine years of investment. They have also participated the family office Perfumeries Julia and the Catalan Institute of Finances, which has strengthened its position in the listed future through the ICF Venture Tech II fund. For their part, the founders maintain ownership of 40% of the capital.

The company’s business is based on the development, production and marketing of active ingredients with high added value for the cosmetic and dermatological markets. Among its two most recognized components are Kannabia Sense and Deobiome Noni.

Albert Janebiotechnologist and biochemist, founded Vytrus Biotech together with Oscar Exposito, biologist and PhD in Plant Biotechnology, 12 years ago. Currently, both are CEOs of the company, which during the 2021 financial year has increased its turnover by 65%, to 2.8 million euros according to its accounts pending audit.

This represents an increase in sales of 133% in the last two years, marked by the pandemic.

Bitcoin continues to fall unchecked on the way to support at $29,500
Bitcoin continues to fall unchecked on the way to support at $29,500

Cryptocurrencies continue to fall at the start of 2022. Investors who entered in the last few months suffer losses of up to 50%.

Physical representation of different cryptocurrencies.

They return the strong corrections in bitcoin extendable to other cryptocurrencies in an environment of widespread corrections in the stock market.

And this is causing investors who are willing to enter this cryptocurrency to take advantage of the current price drop, since they do not see that it has a brake simply get out of the way and quietly let prices bottom first to enter after the start of the rebound.

However, it is highly likely that we will not see that bottom yet as the previous correction ate 55% of its value from its all-time highs and in the current correction we just gave back 50%.

Bitcoin evolution in weekly candles

Bitcoin evolution in weekly candles
Eduardo BolinchesProRealTime

If the current corrections are extended to the same percentage terms with respect to last spring’s correction, it would leave the price close to the lows of that time around $29,500.

The bitcoin would arrive very oversold, in fact, it already is so the bullish reaction can really at any timebut if this price zone is lost, a rather worrying market ceiling figure would be generated because it would launch a scenario of corrective continuity up to $13,000.

A tremendously negative scenario in which none of the investors who have recently bought bitcoins wants to be involved, but with the philosophy that many have of buying as its price drops, it is possible to reach the scenario of having zero liquidity when the ground is actually being made.

The stock market is putting downward pressure on bitcoin pricesbut if we really are seeing the beginning of a bear stock market it is going to be downright difficult for the price of bitcoin not to end up losing the vital support zone of $29,500.

There will be rebounds, but in the same way as those since last November, as in the Nasdaq technology market, they are not able to break the pattern of falling highswe can without any problems reach the drop potential of the double roof that threatens to activate.