Finally, the selective index of Spanish equities, the Ibex 35, has brought down the strong technical support that it had for several months at 9.300 points. It has been a test of strength that must be taken into account by small and medium investors to carry out their operations on the stock market. Because once this price level is exceeded, you can have a clear path until very close to 10.000 points, as indicated by many of the equity market analysts.
At the moment, you have to be cautious in case it could be a false upward start. Given the possibility that a small bullish rally will not occur as a result of exceeding the important level that it had at 9.300 points. Therefore, it will be necessary to filter a looser overshoot at closing prices at these levels. Then yes, it could develop a new bullish phase that would allow many small and medium investors to enter the equity markets to make their operations on the stock market profitable.
Anyway, everything seems to indicate that the bullish current is not going to be in any way powerful, not even prolonged. But in any case, it will be necessary to take advantage of it in the face of possible price corrections that could be generated already in the second half of the year. A period in which financial market analysts are less optimistic, and in which the possible halt in US equities may go against investors' interests. But this will already be in the second part of the year.
Ibex 35: sectors where you have to be
The first strategy that we have to define from these precise moments is to clarify the sectors where we must be in these moments. Because there are some more sensitive than others and whose behavior can undoubtedly be better once the 9.300 points have been knocked down. With a possible revaluation potential that ranges from 5% to 8%. That is, not very excessive, but it is interesting in short-term operations. Which is, after all, the most suitable period for this kind of operations in the national equity markets.
On the other hand, no less important is the derived fact that there will be some most sensitive sectors for the reception of our operations in the equity markets. And it is precisely to them where we will direct our movements in the coming months with the aim of increasing capital gains driven from purchase operations at market price. So that you have a point of support to carry out this investment strategy, we are going to point out which are the stock market sectors that can best do it from now on and the least favorable.
Construction in an uptrend
There is no doubt that one of the sectors that can do the best in Spanish equities is those integrated into construction. In particular, after having surpassed the Ibex 35 the level of 9.300 points and having a clear path to almost 10.000 points. Within this important stock market segment, one of the securities with the best technical aspect is ACS. Its bull run in the bull markets is drawing especially the attention of a good part of the financial intermediaries who think that it can also behave better than the rest from now on.
While on the contrary, we cannot rule out that this clearly upward momentum could reach other stocks in this sector that are listed on the selective index of national equities, the Ibex 35. As for example, in the specific cases of Ferrovial and very especially Acciona which also shows a powerful upward trend that is aimed at all permanence periods. Beyond other considerations of a technical nature and perhaps also from the point of view of its fundamentals. In any case, there will be no other solution than to have a large part of the construction companies to make up our next investment portfolio.
The eternal doubt of the banks
One of the worst hit sectors in recent months has been financial groups, which have seen their prices depreciate. In any case, one of the keys to determining how your evolution will be from now on is the decision you make this week on European Central Bank (ECB). In the sense that it can continue to inject liquidity into financial markets. Because if it were this way, the great beneficiaries would be the banks that are listed on the Ibex 35.
This reaction could be very violent with large revaluations in equity markets. Although it is also estimated that its duration will not be very long, since on the contrary it can be intense but short in duration. Therefore, it will be necessary to be very attentive to all the movements that come from the European issuing bank because it can lead to the situation that small and medium-sized companies are late in their task of opening positions in securities of these characteristics. That is, with the foot changed as is popularly said in the trading floors of the financial markets and they can create more than one problem for you from now on.
Other beneficiaries: technological
It would undoubtedly be another of the sectors that would best stand out from this new bullish scenario in the Spanish stock market. However, it has the serious problem that very few securities are listed on the national continuous market. Unlike other international squares, where they are very present. Both in number and in the quality of their companies and that in any case can be the big surprise during the second quarter of the year. Above other leading sectors of the stock market and that can help profits to settle definitively in the income statement of small and medium investors.
The specific weight of technology companies is not the most suitable for make operations profitable, but it will be necessary to try it before the new scenario that appears in the variable income, both national and outside our borders. In any case, it will be one of the stock market segments to which special attention will have to be paid in the coming days. With a very important revaluation potential and in any case above other sectors of national equities. Being a tremendously cyclical sector since it is closely linked to economic cycles, both in one sense and another.
Steel companies about to buy
Of course, the powerful steel companies cannot be left in the pipeline and that they are configured as another of the sectors where it is necessary to be once the levels of 9.300 points are exceeded. Despite their tremendous volatility, they are proposals that can develop very vertical climbs in a very few days. With appreciations in a single trading session of 3% or even 5%. Although with the serious risk that its corrections are equally intense. Not surprisingly, they present wide differences between their maximum and minimum prices. Being highly recommended for trading operations or also to settle them on the same day.
On the other hand, this sector is one of those with the greatest appreciation potential of all. With representatives of the relevance of Arcelor or Acerinox that may be the object of our operations during these days or weeks. Provided that the purchase and sale prices are adjusted very well with the main objective of increasing profitability in operations carried out in equities. Above other considerations of a strategic nature that are intended for another kind of profile in small and medium investors.
The electrics have already gone up a lot
On the contrary, we cannot forget that the companies in this important strategic sector have already appreciated a lot in the past months. With appreciations of more than 20% and it does not seem that they will be the most benefited from this new scenario presented by the national stock market. But rather the opposite, that they stabilize in their prices or what is worse, that they show corrections of a certain intensity from now on. Their exhaustion is becoming evident these days and it seems that they do not have enough strength to continue rising in their respective stock indices.
However, they have the great attraction that they present the highest dividend yield in Spanish equities. With returns on savings of between 5% and 7%, through a fixed and guaranteed payment on account every year. In what is constituted as one of the greatest incentives to opt for this type of purchases in the financial markets. In a sector that is characterized because it is one of the most regulated in the national stock market and that always creates certain uncertainties among small and medium investors.