GVC Gaesco It has announced its selection of preferred values in the markets of Spain and Europe for the month of January 2025. In this sense, the firm has made a series of sector rotations, replacing CaixaBank, CIE Automotive and Solaria by BBVA, Caf and Endesa, respectively.
Financial Sector: BBVA instead of Caixabank
In the financial sector, GVC Gaesco has chosen to replace Caixabank with BBVA, based on «fundamental pure» and minimizing the importance of the operation on Sabadell. The firm considers that the outcome of this operation could be extended, leaving various possibilities open, including the acquisition of a medium -term fusion participation.
Industrial Sector: CAF instead of CIE Automotive
In the industrial sector, CIE Automotive has been replaced by CAF due to the expected volatility in the automotive sector during the first quarter, derived from discussions on tariffs between the United States and other regions. GVC GAESCO highlights the solid performance of railway investments in Europe and the continuous growth of the CAF order portfolio.
Energy Sector: Endesa instead of Solararia
In the energy field, the firm has changed its position from Solaria to Endesa. Despite recognizing the potential for recovery in medium -term solar energy, GVC GAESCO provides prices with the arrival of spring. Therefore, he considers more favorable position in vertically integrated companies such as Endesa.
The selection of values in the Spanish market now includes BBVA, CAF, Endesa, together with Actiona, Techniques Reunidas, Cellnex, Ebro Foods, Edreams Odigeo, Repsol, Global Dominion, Merlin Properties and Sacyr.
At the European sphere, GVC Gaesco has replaced Lagardère with Spie, a French industrial services company, due to corporate activity and solid demand in the companies to companies. The list of preferred European values is completed with Dassault Aviation, Enel, GTT, Eiffage, Spie, Lottomatica, Sodexo, Ren, Trigano, Saipem and BNP Paribas.
Perspectives for 2025 and promising sectors
According to the GVC GAESCO report, the Variable Income is expected to offer a 10 to 15% yield in 2025, exceeding inflation and risk -free assets. Although the United States leads in the economic aspect, Europe is presented as a more attractive option in terms of valuation.
The most potential sectors identified by the firm by 2025 include industrial (steel, mobility), real estate, concessions, networks and electricity generation, industrial services and telecommunications. The importance of monitoring decisions taken in the United States, since they can have a significant sector impact.
GVC Gaesco warns about the importance of not getting carried away by fear of losing opportunities (Fomo) and waiting for the right moments to enter the selected assets. The firm’s strategy is based on combining value and visibility in the selection of values, recognizing the relevance of corporate movements that could influence the market during 2025.