The Milan Stock Exchange crosses the finish line of the last session of the week below par. The Ftse Mib index has filed trading down by 0.05%, remaining however above the threshold of 24 thousand points (to be exact at 24,386.09). On a day marked by caution right from the start, both for Piazza Affari and for the main lists of the Old Continent, the positive side did not even arrive from Wall Street in the afternoon. Rumors about the decision by Joe Biden’s administration to almost double the tax on capital gains from 23.8% to 43.4% for the richest Americans weigh on sentiment.
Observing the performance of the individual securities of the Ftse Mib, Poste Italiane moved against the tide and accelerated upwards in the afternoon, to close trading up by 2.3%. According to the data released today by the Communications Observatory of the Authority for Communications, in 2020 the overall revenues recorded in the postal sector grew on average, on an annual basis, by 4.1 per cent. A result that derives from two opposite trends – a decline in correspondence services and an increase in those relating to parcel delivery – which have been underway for some time but which, due to the pandemic, have further strengthened. In detail, the competitive framework of the postal sector, as a whole, sees the Poste Italiane group as the main operator with 38% (but down by 6.8 percentage points on an annual basis), followed by BRT (13.3%), and from Amazon, which with a growth of 5.1 percentage points compared to December 2019 rises to 10.9 percent.
Among the stocks with a plus sign also Stmicroelectronics (+ 1.5%) in the wake of the positive indications coming from the accounts of Intel which closed the quarter above expectations and an upward revision of the 2021 outlook. “Good results from Intel that signal the strength of the sector “and represent” positive implications for STM, which will announce the accounts of the first quarter on April 29 “, comment the analysts of Banca Akros who confirm the recommendation accumulated, and the target price of 37 euros on the big European chip. Two big names in the industry were also highlighted, such as Pirelli and Prysmian, who closed the day up by 0.8% and 1.5% respectively.
Instead, he took advantage of Moncler which, after the recent hikes, closes the session on the bottom of the Ftse Mib. The title of the big Italian duvet jacket lost 4% to 51.34 euros, after yesterday closing the session with an increase in the area of 53.5 euros close to the all-time highs reached on February 19. Yesterday at the markets, Moncler pitted better-than-expected quarterly revenues, thanks above all to strong demand in Asia, where the increase in infections between India and Japan is once again worrying. Following the accounts, Equita analysts confirmed the hold recommendation on the group led by Remo Ruffini and at the same time raised the target price by 5%, setting it at 52.5 euros. For the experts of the sim, the turnover of the first quarter was “just above expectations”, but they argue that “the valuations of the stock already incorporate the well-known positive characteristics of the equity story”. Banca Akros analysts, on the other hand, switch from accumulated to buy on Moncler, with the target price rising from 56 to 62 euros. Reductions of over one percentage point for Terna and Saipem.
Outside the main basket, the rally by Tod’s (+ 11.4%) after the French giant LVMH rose up to 10%.