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

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.

ArcelorMittal risks the continuity of falls with the medium-term moving average

The area of ​​28 euros appears as a strong support level that should not be lost.

In the past week It was a week to forget Since it was the one with the greatest correction from the months from the start of the pandemic in the year 2020. Few values ​​were saved of see important corrections and the actions of ArcelorMittal were no exception andto which the confirmation of a ceiling in the area of ​​33 euros.

The correction since it has been 5 euros if we count the lows of today’s session until we see prices slightly below 28 euros. A level clearly vital to the interests of investors who work in the short term as in that area is the moving average medium term which specifically goes for 27,995 euros in addition to half of the entire previous impulsive stretch from the 23.30 lows euros seen on November 30 up to those highs recent last Wednesday, January 12 at 33,015 euros.

As we can see in the following chart, losing the current price level we would expect a continuation of the correction towards the area of ​​27 euros. There we have the most important Fibonacci retracement, the 61.8 percent, who also joins slightly above, at 27.20 euros, the long term moving average doing this way that this support is much stronger than the current one.

Evolution of Arcelor shares

Evolution of Arcelor shares
Eduardo BolinchesProRealTime

So it is vital to monitor the situation from today’s session lows as to pierce them downwards would be patent the impotence of building a bullish reaction from this price level and therefore, stage of corrections up to the area of ​​27 euros would take body.

That is where you would try to build a new bullish reaction from. and, in which apparently, will have greater potential for success.

Nevertheless, to the extent that we do not lose the 28 euros in today’s session, We still cannot consider the value to be condemned to drop to 27, but yes we should keep our attention as long as we do not begin to see the closing of the bearish gap of today’s session with higher prices at 28.30 euros.

The Spanish company reduces its bond issue by 14% in the last year

The private sector placed debt securities for 41,815 million euros over the past year, marked by the pandemic and inflation.

A ticket in the form of a ship.

The Spanish companies captured 14% less financing in 2021 than in the previous year through bond issues. The flood of placements that occurred after the outbreak of the pandemic and the quick reaction of the central banks is behind this drop in volumes to 41,815 million euros.

If distances are marked between the financial sector and the rest of the national business fabric, the cut is more bulky in the second case. This is reflected in the data of a study published this Wednesday by Société Générale.

While financial entities captured 10% less that in 2020 through debt instruments, the rest of the corporations contracted their new financing in this way by 17%. A setback that Jaime Sanz, head of rating advice for sovereign states at Société Générale, attributes to “the need to have tighter liquidity buffers” as a result of less uncertainty about the pandemic and “the cost of maintaining this liquidity in a context of negative rates”.

Sustainable boost

In the non-financial company chapter, the main issuer was Cellnex, which with six operations for 5,350 million euros accounted for 25% of the volume of this segment. However, the entity emphasizes the jump to green emissions of a good number of real estate firms such as Aedas, Neinor Homes and Vía Célere, in what they consider to be a trend for the future.

Within this same chapter, last year Repsol became a pioneer with an inaugural issue of sustainable bonds for a volume of 1,250 million euros. Here, those responsible for the area at Société Générale have perceived a return to the issuance of bonds with more ecological than social criteria after the emergency that the outbreak of the pandemic in 2020 represented in this area.

So much so that emissions labeled as sustainable (ESG) reached 32% of the total volume issued by companies, while 37% of what was placed by financial entities. In the market as a whole, its relative weight reached 31% in 2021 compared to 12% the previous year.

An exponential growth that Fernando García, director of capital markets of the entity responsible for the report, estimates that it could even reach 40% facing this financial year 2022 in which all issuers move by the same common denominator. This is none other than waiting for the central banks, which is causing some volatility in rates and spread in the secondary market.

Financial sector

Regarding the financial sector, Carlos Cortezo, head of capital markets for financial institutions, highlights that “the senior issues, both preferred What non-preferred They have been the most used. In some cases, also to refinance existing subordinated bond issues.

Conversely, there has only been one mortgage bond operation carried out by EuroCaja Rural. In this sense, Cortezo has pointed out that “the bulk of entities have relied on the TLTRO liquidity auctions for the pure financing of their activity”.

Within this group, Santander Bank It has repeated another year as the most active issuer with up to six operations in which it has obtained 6,000 million euros. A sum equivalent to 31% of what the entire financial sector has received in this way from the issuance of bonds in euros in the Spanish market. Second place, for CaixaBankwith four operations for 3,750 million.

As for the public sector, the 41,050 million euros awarded throughout the year accounted for 30% more than in the previous year. At the head of this group, unquestionably, the Public Treasury, with five issues for 34,000 million. However, as Sanz points out, their relative weight dropped from 90% to 83% of this segment “thanks to the fact that the market has been opened up to other public actors”.

Spanish bond at 1%

Looking ahead to this 2022, from the entity they predict a “sustained recovery, but losing steam”. A description that translates into the fact that the GDP growth of 4.9%-5% expected this year for the Spanish economy could be reduced to 3.9%-4% by 2023. A condition that they also see as being extrapolated to the whole of the Eurozone.

With this context, they do not believe that the inflation peak be seen until the end of this year, around 2.3% for the common currency area and close to 3% for Spain. However, from Société Générale they are “calm in terms of rate expectations” and do not see increases by the European Central Bank (ECB) until the second half of 2023. And they explain: “Moderate and always behind the US” .

What they do expect from the entity is that “it speed it up a bit tapers this year”, which the ECB has preferred to call “recalibration”. A scenario in which, according to the forecasts handled by the firm, “it is to be expected that the rate of the ten-year Spanish sovereign bond will be around 1% at the end of the year.”

As reflected by record number of broadcasts in the first two weeks of the year, “this year is going to be clearly marked by inflation expectations and the reaction of the central banks”, according to García. Thus, in the entity they recognize that although there is still a notable investor appetite, “there is caution on the part of the issuers in the face of what may come”.

These are the factors that lead the expert to consider that “in the first part of the year you will see a slight enlargement of spread and then a narrowing correction in the second part.” Something that he attributes fundamentally and precisely to the fact that “the central bank purchase reductions, which were providing very important support, are going to materialize.”

Where to invest in the stock market today: Bankinter, Grifols B, Santander and Neinor Homes

Analysis of the best options to know where to invest now and which are the most profitable investments of the moment.

trading opportunities

The selective Spanish lost 8,700 points in a day of expiration that must recover immediately to prevent fear from taking hold in the market.

If the selective cannot be seen above the long-term moving average that goes through 8,845.50 points, the risk of seeing more profit-taking that extends to 8,591 euros 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) Grifols B: We are waiting for see closures above 11 euros again to assess the force of travel towards 12 euros.

3) Santander: On Friday he lost 3.10 euros, but we are going to give him the margin of today’s session because the value and, the market in general, has been very oversold.

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

The Government extends one more year the aid of 400 euros to install broadband in rural areas

Red.es will allocate another five million euros in 2022 to the program to bring the Internet to Empty Spain with technologies such as satellite.

Satellite Internet of Eurona in the hut of the transhumant shepherds located in the mountain pass of Piedrahita and Pando, in Vidrieros (Palencia)

The Government, through the public entity Red.es, has extended the program for another year to grant direct aid of 400 euros to people residing in Emptied Spain for the installation of technologies of high-speed broadband access, mainly through satellite solutions.

Specifically, Red.es has assigned a budget of five million euros for the 2022 call, as published on Tuesday by the Official State Gazette (BOE). This amount is the same that was approved for the 2021 call for this program, launched three years ago.

Likewise, the maximum amount of aid that each applicant can receive has also remained unchanged. Specific, 400 euros will be awarded when the services are provided with satellite technology150 euros for wireless terrestrial technology and 50 euros for wired terrestrial technology.

As explained by Red.es to EL ESPAÑOL – Invertia, most of the aid, which financed through the Fund European Union for Regional Development (ERDF), corresponds to satellite connections.

The bases of the call contemplate that the subsidies will be used to cover expenses directly related to the registration of fixed broadband services by end users, regardless of the technology used, a minimum downstream data rate of 30 Mbit/s.

This service must be provided by an electronic communications operator adhered to the program and includes the acquisition of user equipment, its installation and commissioning.

The beneficiaries will be natural persons, the self-employed, SMEs, non-profit entities and municipalities residing in a locality with a population equal to or less than 5,000 inhabitants (Censused in their last register).

In addition, these locations must be located in areas of Spanish territory that do not have services that allow access to fixed broadbandwith any technology, at least at a downstream data rate of 10 Mbits per second and simultaneously have a delay of less than 100 milliseconds (ms).

XTB: “Bankinter is in a position to take off”

The entity has a great upward momentum that began in December 2021 with a floor of 4.15 euros per share.

One of the Bankinter branches.

Bankinterthe first Ibex 35 bank to publish its results, managed to attract new investors to its shareholding with a new profit record, both operating and total, taking into account the capital gain from the sale of Línea Directa. The figure reaches the amount of 1,333 million euros.

The data also showed tailwinds benefiting banks and that could mean new limits never seen during 2022. With the prospect of a US Federal Reserve (Fed) much more aggressive than what the market discounts and where the ECB could follow the steps with some distance.

The sales data offer a view of how the real estate sector has been showing a recovery, with a increase in the granting of mortgages of more than 50%while property and corporate banking also improves its results compared to the previous year.

Stock market evolution of Bankinter.

Stock market evolution of Bankinter.
XTB

In the technical context of a daily chart, it translates a big bull run started in December 2021 with a floor of 4.15 euros per share. Since then, Bankinter once again tested the resistance at 5.365 euros to go back to its shorter-term average (EMA15).

The oxygen balloon provided by the upward pressure at the level slightly below 5 euros per share once again shows the opportunity for Bankinter definitely break the resistance. Waiting and with permission from the central banks.

With the aim of attacking the post-Covid maximums in the coming weeks at 6 euros per share. The technical structure would be indicated by the ABC movement that is perceived in the graph above.

***Dario Garcia He is an XTB analyst

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

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 it consolidates the 8,600 points and today it will have to confirm them with another close above them to be able to think of a continuation of the upward reaction.

However, it is necessary wait to see a second close above the medium-term moving average which goes through 8,613 points to be able to forget about the risk of seeing more profit taking in the short term.

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 already have the value before the resistance of 5.33 euros and now we must be attentive to see if it can with it to continue rising towards 5.87 euros.

2) CaixaBank: Reconquer the 2.78 euros and with them the continuity scenario opens until testing the recent maximums at 2,926 euros. We only have to place a protective stop at 2.74 euros.

3) Telephone: We still waiting attentive to the break of the resistance of 4.16 euros since it would open a scenario of bullish continuity to the area of ​​4.49 euros.

4) OHLA: After testing the old resistance reconverted to support at 0.847 euros, from here it seems that you want to make a nice and interesting bullish reaction. We only have to ask the value not to turn and lose the 0.84 euros.

Evolution of values ​​under monitoring

Evolution of values ​​under monitoring
Eduardo BolinchesVisualChart