There is a bit of nervousness in the markets awaiting the opening of Wall Street, which yesterday saw the rekindling of inflation as a threat. If our view turns out to be correct, from now on, after a downward start, stock prices should take a new bullish direction. This, at least until mid-August.
Let’s proceed step by step.
The holding of 24,865 of the Ftse Mib continues to show its positive effects and in these hours there seem to be alternating bullish patterns on the Italian list, and beyond.
Are we at the beginning of the summer rally as expected or will Wall Street ruin the party? A further signal of strength would come from a daily close above 25,265.
In the meantime, our Research Department continues to closely monitor the opportunities to be seized today and will illustrate in the next paragraphs 2 undervalued Piazza Affari stocks ready for the rally.
We refer to Anima Holding and Azimut (MIL: AZM). Both companies operate in the asset management sector. Based on our studies, compared to other companies operating in the same sector, they have characteristics of solidity, undervaluation and really interesting potential growth.
2 undervalued Piazza Affari stocks ready to rally
Anima Holding, last price at 4.206. Since the beginning of the year, it has marked the low at 3.604 and the high at 4.79. Until there is a weekly close below 4.08, prices could continue to rise in a few weeks towards the 4.58 / 4.79 and then 5.10 area. Fair value estimated by our Research Department at € 6.20 per share.
Azimut, last price at 20.88. Since the beginning of the year, it has marked the low at 16.342 and the high at 21.16. Until we see a weekly close below 19.96, prices could continue to rise in a few weeks towards the 24.50 area. Fair value estimated by our Research Department at 32 euros per share.
We will proceed step by step but in our opinion these are stocks that could explode upwards from today onwards.
3 banks down and one up
(We remind you to carefully read the warnings regarding this article, which can be consulted who”)