in a conversation with Channel EEconomist and Director of Bell Investments, Emilce Cordovaanalyzed the current calm in the stock market and predicted that Argentine stocks will continue to be the most attractive asset for investors.
A market with no parties but opportunities
Experts have defined the current moment in clear terms: “No parties, but no hangovers.”” and “the rise begins to disappear“After several weeks of significant increases,” he explained.The local market is lowering all exchange rates for both MEP and CABLE, which results in an increase or decrease between peso and dollar bonds.”.
for cordobainternational trends also influence:Overseas markets are waiting for the US government to function again. Value havens like gold are barely rising, while technology companies are showing some decline.” he elaborated.
Economists recommend the following precautions when investing:You should not buy when everything is very high, but when the market is calm or showing signs of rising again.“In that sense, he emphasized that the current situation provides an ideal pause to put together a medium-term portfolio.
Argentine stocks: the focus of the next rally
cordoba He is a traditionalchristmas rally“Already started:”It’s not the exaggerated rise we’ve seen in recent weeks, but the Christmas rally is coming.”he pointed out. However, he cautioned that investors need to be cautious.You need to observe the market daily to avoid being left behind at the end of a rally”.
He was optimistic about profits. “Merval is certainly above the standard rate. Argentine stocks are the most speculative in the short term.” he declared.
This is what he thought about the dollar.The exchange rate will continue to fall, but not further.“, and “By the end of the year, $1 could be worth $1,300 or so“Furthermore, he emphasized the importance of political stability.”This new image of a dialogue-oriented, consensus-based president will take time to solidify. This is achieved through time and consistency.”.
When it comes to investing, the director of Bell Investments has this to say:Today’s attraction lies in stocks. If you already have a CER bond, keep it. However, I am not a buyer”.
When asked about which assets she should position herself in, she said:The majority of Argentinian stocks are almost certainly true. We intend to maintain it in the medium term as there are no major political ups and downs until next year.”.
cordoba He mentioned companies with high potential. ”San Miguel has great potential. 90% below the maximum, solid and solvent.” he said, adding:There is a possibility of recovery for Pulp Argentina, but in the long term it will only take 2 to 3 years.”.
Finally, he reflected on this year.We’re doing well with almost all of our assets. We are coming off a very strong year and heading towards a more moderate and stable market in 2026.” concluded.
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