A director at Banco Bilbao Vizcaya Argentaria SA bought 10,000 shares at 18.750EUR and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the l...
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: BBVA, IAG, TELEFÓNICA. El crudo y las dudas en crédito privado lastran la confianza en las bolsas Aumentan las caídas en los índices europeos, con el S&P 500 jugándose el soporte de los 6.700 puntos. El Euro STOXX 50 tocó la referencia de los 5.750 puntos por las tensiones en Medio Oriente (el Brent volvió a los 99 d/b) y las preocupaciones sobre el crédito privado. En el STOXX 600, los mejores sectores fueron Químicas y Utilities mientras que Via...
NEWS SUMMARY: BBVA, IAG, TELEFÓNICA. Crude oil and private credit drag down stock market confidence European stock markets fell further, with the S&P 500 on the verge of falling below the 6,700 point support. The Euro STOXX 50 hit 5,750 due to the tension in the Middle East (Brent returned to US$ 99/barrel) and the concerns on private credit. In the STOXX 600, the best-performing sectors were Chemicals and Utilities, whereas Travel & Leisure and Banks suffered the biggest corrections. On the m...
The current context heralds a new period of uncertainty, but this will not undermine the growth cycle for utilities, marked by price normalisation, accelerating demand and the increasing complexity of the electricity system, due to the intermittency of renewables, congestion and the need for flexibility. In this context, selectivity is key, between players seeking profitable growth internationally and those waiting on their domestic market. We maintain our sector hierarchy in favour of earnings ...
Le contexte actuel ouvre une nouvelle période d’incertitude mais qui ne remettra pas en cause le cycle de croissance des Utilities, marqué par la normalisation des prix, l’accélération de la demande et la complexification accrue du système électrique, en raison de l’intermittence des renouvelables, des congestions et du besoin de flexibilité. Dans ce contexte, la sélectivité est déterminante, entre les acteurs qui cherchent la croissance rentable à l’international et ceux qui patientent sur leur...
NEWS SUMMARY: BANKINTER, BBVA, INDITEX. Middle East conflict shoots oil prices skyward and drags down markets It was a week of volatility on global stock markets, where the fear of an energy crisis stemming from the Middle East conflict marked the pace of the markets’ performance. In the STOXX 600, all sectors ended in the red, where Energy and Media were the best performers (smallest drops), while Construction and Basic Materials posted the biggest losses (nearly -7%). On the macro side, in t...
Reiniciamos cobertura siendo nuestro top pick sectorial. P.O. 22,73 euros/acc. (+23% pot). SOBREPONDERAR Nos gusta porque cotiza a niveles atractivos (1,8x P/TE’26) para un ROTE’26 superior al sector (+140 p.b. vs Santander), ofrece una yield con recompras también por encima de la media (+8,5% yield), lo ha hecho peor que sus comparables (-5% vs sector en 3 meses) y vemos la oportunidad de que aflore valor en una potencial desinversión en Turquía. Podría liberar ~310 p.b. de capital (+/-30 p.b. ...
NEWS SUMMARY: BBVA, NEINOR HOMES, REPSOL. Volatility reigns European stock markets were back in the red, with oil prices continuing to climb in a session marked by the growing tensions between Iran and the US/Israel. In the STOXX 600, Technology and Media led the advances, with Household Goods and Basic Materials showing the worst relative performance. On the macro side, in the euro zone January’s retail sales rose more than expected (YoY). The ECB meeting minutes welcomed the solid inflation ...
Two Directors at International Consolidated Airlines Group SA sold 643,889 shares at between 433p and 434p. The significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company'...
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