Repsol, Inditex, Mapfre y Logista para reforzar la cartera

Repsol, Inditex, Mapfre and Logista are among the stocks aiming to bolster portfolios, according to XTB analyst Manuel Pinto. The analyst believes a strong oil price and rising interest rates present risks such as economic slowdown and credit contraction, impacting various sectors on the stock market.

Pinto favors energy and infrastructure stocks due to their resilience in challenging times. Repsol is chosen for its strategic plan that includes increased share buybacks, benefiting from oil and gas business as well as refining capabilities amid Middle East and Russia tensions. Inditex, with Zara being a key brand, is also favored due to the company's strong sales growth near 10% in an unstable environment.

Utilities and renewables, like Solaria, Grenergy, and Acciona Energía, are expected to benefit from structural changes such as increased data center energy consumption and government initiatives to build data centers and promote energy independence. Infrastructure-focused companies, ACS and Merlin, are seen as direct beneficiaries of AI developments.

XTB's Pinto highlights Mapfre and Logista as attractive options due to their high returns on short-term financial assets and cash flow investments. He believes the Ibex could reach 21,000 points before the end of the year. Pinto advises a global diversification strategy, including investments in major tech hubs like the United States, China, and Taiwan, as well as precious metals such as copper and gold.

Regarding fixed income, XTB has been cautious about the sector due to high rents, inflation expectations, fiscal deficits, and rising interest rates. However, Pinto suggests that investors should consider government bonds, as credit spreads are at historic lows, and the market demands higher yields. For conservative investors, fixed income remains a valuable component of their portfolios.