The Spanish stock market is mostly downward in this week’s stock market opening, but it continues in the wake of the falls that have accompanied the Spanish selective since last Thursday. And today they also feature some of the greatest values on the market, but holding above 16,150 points.
On the positive side, it stands out greatly Solaria at its Capital Day held in London and their advances stand out, reaching close to 20% intraday and with closing increases that have remained above double digits.
In this way, the IBEX 35 fell 1.06% at the end of Monday to 16,172.6 points with cuts for values such as Inditex 3.45%, Puig 2.24% and Banco Santander 2.06% and the increases experienced by values such as Solaria 15.75%, Enagas 0.67% and MERLIN Properties 0.63%.
In this first stock market session of the week, Solaria stands out greatly. Today he celebrated his Capital Markets Day in style with exponential increases in the market.
In just a few months, the company has gone from being one of the most penalized values on the Ibex 35 to being one of the most rising, accumulating a revaluation so far this year of 98.6%. In the first nine months of fiscal year 2025, the group has obtained an EBITDA of 230.689 million euros (+75%), an EBIT of 193.27 million (+93%), a profit before taxes of 162.38 million euros (+119%) and a profit after taxes of 141.66 million euros (+148%).
According to publication Bloomberg NewsSolaria will hire Goldman Sachs to find a data center partner. It has also announced several agreements that have fueled profits while, in its roadmap, it plans to invest up to 2.5 billion euros in the next 3 years, until 2028, with good forecasts.
Telefónica has informed the unions of its intention to launch an employment regulation file (ERE) in seven group companies: Telefónica de España, Telefónica Móviles, Telefónica Soluciones, Telefónica SA, Telefónica Global Solutions, Telefónica Innovación Digital and Movistar+.
The company points out the existence of “objective causes” for this process, as reported by UGT and Sumados-Fetico. The specific figures have not yet been officially detailed. The first estimates place the initial proposal between 6,000 and 7,000 possible victims, although these figures are usually adjusted throughout the negotiation.
Furthermore, BBVA has already executed 37.37% of its share buyback program of 993 million eurosas reported to the National Securities Market Commission. Specifically, until November 14, it has acquired a total of 20.6 million shares for an amount of 371 million euros at an average price of 18 euros.
In analyst recommendations, JPMorgan lowers Endesa from overweight to neutral, although it increases the target price from 27.5 euros to 32.5 euros. Iberdrola also receives recommendations that leave it without potential.
In addition, Deutsche Bank raises the target price of Banco Santander to 9.80 euros per share, from the previous 8.20 euros, and that of Unicaja to 2.55 euros, from the previous 2.25 euros.
Morgan Stanley cuts the target price of Inmobiliaria Colonial, to 7.20 euros per share, from the previous 7.50 euros, while Oddo reduces the target price of MERLIN Properties from 15 euros to 14.70 euros per share.
Already in the rest of Europe, widespread cuts, while at the end of the day, the EURO STOXX 50 fell 0.92% to 5,641 points, the CAC 40 cut 0.59% to 8,122 points, the Dax ship a 1.23% up to 23,588 points and the FT 100 falls 0.26% up to 9,672 points.
And on Wall Street, while waiting for weekly events, the indicators are moving downward, since this week the results of NVIDIA will be released on Wednesday and it is expected that, after the opening of the American government, macro data will begin to be published, especially those on the labor markets, which are fundamental for the Fed and its December meeting.
One of the names of the day is Alphabet, which rises almost 5% in the middle of the session after learning that Berkshire Hathaway has revealed a stake of almost $5 billion in Google’s parent company. A report filed Friday revealed that Berkshire owned 17.85 million Alphabet shares as of Sept. 30. According to Reuters calculations, at the close of the stock market, the stake would be worth $4.93 billion.
Ford Motor has announced a partnership with Amazon for its authorized dealers to sell certified used vehicles through the online sales platform. The new program will allow customers to obtain financing, initiate procedures and schedule vehicle pickup at participating Ford dealerships, the company has announced.
In analyst recommendations, bad news for HP and Dell, which they see as Morgan Stanley cuts their advice, warning of pressure on sector margins. In the case of Dell, the cut is two notches, from ‘overweight’ to ‘underweight’, while the target price goes from $144 to $110 per share, below the current price. Morgan Stanley’s recommendation on HP is changed from ‘neutral’ to ‘underweight’, with the price target reduced from $26 to $24 per share.
At mid-session, the DOW JONES fell 0.16% to 47,059 points, the S&P 500 fell 0.19% to 6,720 points and the Nasdaq fell 0.12% to 22,867 points.
In the rest of the market, we start with the fixed income market, with falls in asset returns. The 10-year Spanish bond fell 0.34% to 3.21% while the declines were 0.17% for the German bund, which is trading at 2.7120. The risk premium moves with falls of 1.48% to 49.79 basis points.
In raw materials, Oil Futures lose positions. The crude Brent drops 0.34% to $64.19, while the West Texas cede un 0,25%, up to $59.80. Gold cuts positions, with falls of almost 1% to $4,055 per ounce.
Bitcoin now moves with cuts of 0.84% while its price stands at $93,408 per asset with cuts of 11.5% in the last week and is already moving negatively so far this year.
Finally, in the Euro Dollar relationship, the single currency drops 0.22% against the greenback to 1.1595 units.