Antonio Castelo, an analyst at Ibroker, points out that, at the moment the market panorama has changed completely, but, despite all this, I believe that you have to be cautious, because companies are not yet reflecting the downward reviews that can cause all the distortion created in financial markets by the tariff situation.
There are values that, due to their defensive profile or its low international exposure, can better fall temporary, yes, in this case, what we would do, would be to look at some greats of Ibex 35, that have low or moderate betas, that are liquid, that are negotiated a lot, that have solid foundations.
We would seek values with low exposure to international trade, especially, to the United States, a defensive profile that offers stability in an uncertainty environment, we would prioritize companies with domestic focus, geographical diversification, which dilutes the impact of the United States. So, in the end, then, that they have this defensive character and to gather, say, all those characteristics, So we find the utilities above all, Maybe a little too, To the great real estate partnerswe would seek to me some value with cyclical quality and that contributes resistance and with good profitability by dividend.
Here highlights the profile of Iberdrola, Endesa, Naturgy (Natural Gas), Redeia (REE) and also of Merlin Properties and Deinmobiliaria Colonial
And with Inditex, we would look for a touch of cyclical quality, it is a growth value with solid foundations, less exposed from other cyclicals, such as banks and industrial companies.
If someone wants a little more risk, then, it would be better to look at a value like Ferrovial, Sacyr if it is a bit risky, but I would be careful.
The alternative, stands out, is to stay in liquidity Until the markets calm down, it can be an option and notes that the investor’s risk profile would come into play. With this type of very exceptional situations, it makes sense to remain liquidity, because markets do not know at this time what to stick to.