Valores para ganar más enla recta final del año en Bolsa

European investors maintain confidence in Spain as the market approaches its year-end finale, with several uncertainties looming. Santander, Indra and Iberdrola top the list of recommended stocks for the coming months, followed by Inditex, Amadeus, ACS, Repsol and Merlin. BBVA, Puig and Solaria battle for the final spots in the top 10.

The bank faces several challenges, including rising returns on bonds, political instability in France and doubts about technology. However, major European investors remain bullish on Spain. According to Bank of America's latest survey, the percentage of Europeans who expect Spain's stock market to outperform their portfolios has reached its highest level since 2018, a 28% increase.

Despite a 2.74% drop in the Ibex in September and a 0.23% decline in the quarter, half of the firms participating in EXPANSIÓN's Spanish equity portfolio competition generated quarterly profits. Atl Capital led with a 9.5% return, while Santander, Indra, Iberdrola, Inditex and Amadeus are among the most recommended for the next months, along with ACS, Repsol and Merlin.

BBVA, Puig and Solaria compete for the last positions in the top 10, tied for last place. Santander gains ground among analysts' favorites, up 19.5% since January, but analysts still see potential for it to outperform the sector as a whole. Singular Bank highlights the favorable environment for the banking business, with growing credit, sector concentration, corporate transactions and low bad debt.

These factors, combined with moderate interest rates, could allow the bank to increase profits by 10% annually in the coming years. The bank's appeal lies in its strong capital ratios and plans to maintain attractive dividends. Bankinter focuses on improved profitability, driven by higher revenues and cost control. Santander is projected to achieve its 2026-2028 goals with a return on equity of 15.6%, strong credit quality and excess capital, according to Kutxabank Investment.

Inditex is a standout performer with European defense spending rising, transforming the group's dimension, according to Tressis. The order book now exceeds €20 billion, with strong contracts, revenues and margins, especially in defense, according to Jos� Francisco Ib��ez, director of analysis at Kutxabank Investment. New industrial and technological capacities strengthen Indra's potential as a beneficiary of European rearming.

Bankinter also backs the company, considering it the main beneficiary of Special Modernization Programs, and sees room for its strategic plan due in November 2023, with a 2030 horizon. Iberdrola drops to third place, but still has broad support. The utility company has risen 17.47% since January and offers strong visibility on results, according to Kutxabank Investment.

It is valued for strong growth prospects driven by heavy investments in networks, and an attractive shareholder remuneration, according to Virginia Lezama-Leguizam�n of Bankinter. Bankinter also values Iberdrola's strategic positioning, the expansion of the networks division and a shift towards a less volatile business model, along with an increasing dividend.

Inditex gains ground due to its ability to capture market share in a highly competitive sector. Singular Bank highlights its growth visibility and defensive profile against risks like interest rate hikes or energy price increases. It also notes the support of a strong dollar and annual growth expectations of revenues and profits, around 7%, in the coming years.

Tressis stresses Zara's ability to rapidly adapt its offerings to demand, with high inventory turnover and high-margin companies, highlighting the strength of its logistics and commercial model. Amadeus joins a group of valued stocks with its leadership, high barriers to entry and competitive advantages. Banca March considers fears about AI eroding its business to be exaggerated, citing its revenue generation capabilities.

ACS regains appeal after a summer correction, while Repsol benefits from oil prices hovering around $100 per barrel. The company enters the seventh spot, despite a gain of over 80% since January. Its dividend yield and combination of cash and stock payments reinforce its appeal for investors. Merlin loses support and falls from fifth to eighth place as rising interest rates and uncertainty around Spanish housing weigh on the media company. BBVA, Puig and Solaria tie for the last spots, all competing for a top 10 entry.