Stellantis, 3 good reasons to buy the shares now

Stellantis features strong financial fundamentals, sustainable growth and a commitment to electrification.
These factors, which emerged from the third quarter accounts, make Stellantis shares a very interesting investment option for those looking for opportunities in the automotive sector.
Despite disruptions caused by lengthy negotiations with workers' unions in the United States, Stellantis has demonstrated remarkable resilience.
While it suffered a negative impact on net revenues of around 3 billion euros, the decline in operating profit was less than 750 million euros before tax.
This figure is significantly higher than its main competitors, such as General Motors and Ford, which suffered losses of around 950 million and 1.2 billion euros respectively.
This indicates that Stellantis has strong financial management and excellent ability to adapt to market challenges.
Stellantis reported positive third-quarter results, with increased deliveries and revenue.
Net revenues rose to 45.1 billion euros, an increase of 7% compared to the same period last year, thanks to improved volumes and pricing.
Deliveries saw an increase of 11% compared to the previous year, with growth in various regions, including Europe, the Middle East, Africa, North America and South America.
Furthermore, Stellantis is well positioned in the electric car market, with global sales of battery electric cars increasing by 37%.
Models such as the Jeep Avenger and the Citroën ë-Berlingo are driving this growth.
The group is addressing the challenges of the sector with cutting-edge technology and competitive prices.
The deal with Chinese manufacturer Leapmotor promises to further improve operating profit by 2025, opening up new growth opportunities.
Finally, Stellantis is implementing a share buyback plan, demonstrating its confidence in the future of the business.
This plan is expected to be completed during the fourth quarter of 2023.
In light of these observations, UBS reiterated its "buy" rating on the stock with a target price of 20.50 euros.
Before seeing the new strategy with a Turbo Unlimited Certificates from BNP Paribas, let's analyze the support and resistance levels according to the technical analysis.
Technical analysis Stellantis: operational strategies A boost for Stellantis, after a prolonged series of declines which had brought prices back from around 19.25 euros to 17 euros.
Above 17.95 euros, the test of 18.30 euros is expected, then 18.56 euros, the basis of the gap on 18 October.
A victory over these obstacles too would allow prices to return to the period highs of 19.25 euros and attack the 2022 top at 19.35 euros.
As long as area 18 is not behind us, the concrete risk of new drops towards area 17 and around 16.50 will remain present.
Stellantis, weekly chart.
Source: TeleTrader Below we summarize the levels to monitor for our strategy: Trigger: over 17.95 euros First target: 18.56 euros Second target: 19.25 euros Stop loss: 16.85 euros Stellantis: long strategy with Turbos Unlimited Long Certificate by Bnp Paribas In the hypothesis of a "long" strategy on Stellantis we intervene above 17.95 euros for targets of 18.56 and 19.25 euros, with a stop loss located at 16.85 euros.
For this strategy, the Bnp Paribas Turbo Long certificate with ISIN NLBNPIT1MGN6 leverage 4.16 is suitable.

Author: Hermes A.I.

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