The Spanish stock market moves this second trading session of the week with gains, breaks the falls and returns to 11,700 points supported by the increases experienced since the first hour the SOCIMI and Banco Santander.
All with good recommendations and maintaining the positive tone throughout this Tuesday and accompanied by oil that corrects positions today, with gold slightly on the rise, fixed income once again stressed, with rising yields, one euro dollar favorable to the single currency and the recovery of Bitcoinwhich is approaching the level of $96,000.
In this way, the IBEX 35 closes the session with gains of 0.55% up to the points with the advances of values such as MERLIN Properties 4.94%, Grifols A 2.64% and Bankinter 2.30% and the falls of companies such as Puig 1.95%, Repsol 1.93% and Solaria 1.56%.
As for the protagonists, double for the Socimi. Both Inmobiliaria Colonial and especially MERLIN Properties closed today with significant gains thanks to two factors. On the one hand, the relief provided by the government’s measures on housing, since it penalizes SOCIMIs, but in this case those that are dedicated to housing and it is neither of the two cases, for rent.
On the other hand, the favorable recommendations from Bank of America Global Research. They raise Merlin’s target price to 15 euros per sharecompared to the previous 14.3 euros, with a high potential of 51.36% compared to yesterday’s close.
In the case of Colonial, BofA Global Research analysts improve their recommendation to the stock, to which they give advice of ‘comprar‘, from the previous ‘neutral’.
For Banco Santander, another of the stocks that stands out today for its progress, good support from BNP Paribas Exane, with a recommendation on the value of overweighting its shares in the market and a target price that they place at 5.4 euros per share, which gives the shares of the entity chaired by Ana Botín 17.7% from their closing price yesterday.
By the way, in addition, Álvaro Nieto, technical analyst of Investment Strategies, highlights about the Cantabrian bank that «we monitor that we will soon be able to see a daily closing price above €4.74 per share and, when If this event occurs, an upward objective will be activated in the price, by projecting upward the width of the lateral range between €4.2555 and €4.74 per share. with a theoretical minimum increase projection of 11.35%, around €5.275 per share».
Another of the most bullish values of the session was Grifols A, which has been awarded a contract with the Ministry of Health for the supply of blood products for therapeutic use from the industrial fractionation of human plasma for an estimated value of more than 281 million euros.
Furthermore, it announced today that it has received a grant from the Michael J. Fox Foundation for Parkinson’s Disease Research (MJFF) to identify plasma-based biomarkers that could indicate the likelihood of a person developing Parkinson’s disease (PD) many years before their clinical diagnosis.
Today, Singular Bank’s forecasts for 2025 have also been presented, in which, as far as the Spanish stock market is concerned, they indicate that the Ibex 35 can rise between 4 and 6% to 12,400 points, which together with the fact that it presents the highest dividend yields in the world. That means that the Ibex 35 can rise «up to 10% with dividends.»
Already in Europe, generalized advances with the exception of London, so at the end of the day the EURO STOXX 50 rose 0.54% to 4,980 points, a Dax Frankfurt closes with increases of 0.69% at 20,275 points, the FT 100 closes with drops of 0.29% to 8,200 points, while the CAC 40 ends the day with gains of 0.20% to 7,423 points.
And on Wall Street, again a mixed tone in the indicators with the Dow Jones, almost at opening levels and cuts for the S&P 500 and the Nasdaq.
Already on the news, Lululemon, with losses of almost 3% after presenting results, despite the fact that the sports clothing company has raised its forecasts for the fourth quarter of 2024, marked by the Christmas campaign. Lululemon expects earnings per share between $5.81 and $5.85on revenues of between 3,560 and 3,580 million dollars. Analysts had predicted $5.66 per share in profits and $3.47 billion in revenue.
At the moment, with 22 S&P 500 companies published, the average increase in earnings per share is 7.3%, compared to the 7.5% expected before the publication of the first company, according to calculations by Bankinter analysts . 77.3% of companies beat results and 22.7% disappointed. In the last quarter (Q3 2024) EPS increased by 9.1%, compared to the 5.1% initially expected.
20% increases for Applied Digital at the opening. Macquarie to invest up to $5 billion in AI data centers of the company. Under the terms of the deal, Macquarie will acquire a 15% stake in Applied Digital’s high-performance computing business.
At the end of the day in the Spanish selective, the DOW JONES advanced 0.03% to 42,311 points, the S&P 500 fell 0.04% to 5,833 points and the Nasdaq OMX fell 0.13% to 19,064 points.
Regarding fixed income, general increase in asset yield returns, with the 10-year Spanish bond that recovers 0.57% to 3.325% while the German bund is trading at 2.62% with increases of 1.06%. The Spanish risk premium ends the day at 70.40 basis points and drops 1.61%.
Regarding oil, descentswith the price of European Brent falling 0.90% to $80.28 while the American West Texas places its price at $76.59, while losing 0.93%.
Gold gains positions with futures that rise 0.27% and places its price at 2,689 per ounce, while the spot price moves at 2,672 with advances of 0.36%.
We finish with the Euro Dollar with the advances of the single currency of 0.54%. And Bitcoin is rising significantly, 4% to $95,903 per asset.