(Boursier.com) — THE TREND
Third session of slight progress for the CAC40 which confirms for the moment its summer rebound (approximately +13% since the beginning of July). The index of the Paris stock exchange advances by 0.14% this Friday at the close, at 6,553 points and recovers 1.25% over the week with only one session in the red in five. The more moderate inflation indices than expected in July in the United States reduced the pressure on central banks and expectations of rate hikes in view of the start of the school year…
ECO AND CURRENCIES
In France, July inflation was confirmed at 6.1% on an annual basis by INSEE after +5.8% in June. The consumer price index (CPI) increased by 0.3% over one month, after +0.7% in June. This new acceleration in inflation is the result of the rise in the prices of services (+3.9% after +3.3%), food (+6.8% after +5.8%), and in a lesser measure of manufactured goods (+2.7% after +2.5%). Energy prices slowed down slightly (+28.5% after +33.1%).
The euro ends the week at 1.0250/$. Oil is camped at $98 for Brent.
RISING VALUES
Latecoere : +8.5% followed by Abivax (+5%) and Adocia (+5%)
Balyo (+4.5%) announced the successful installation and handover of the world’s tallest autonomous VNA carts within the Singapore Storage & Warehouse (SSW) logistics warehouses, located in Singapore. With a lifting height of 16.8 meters, it is the first site in the world to operate autonomously at such a height using VNA robots. Balyo successfully handed over four stand-alone VNAs to SSW in conjunction with Linde Material Handling. These robots handle pallets weighing up to 750 kg.
inventive : +4.5% with Synergy, Akwel, Neurons
Chargers : +3.5% with Guillemot, Claranova, LNA, Mauna Kea
Derichebourg : +3% with LFE, Cegedim and Rallye
Elior : +2.5% with M&P, Carmila
Rothschild : +2% with Thermador, S30
CGG : +1.5% with Scor, SG and Bic
Fifth rising session for Sodexo which climbed 1.3%. The title of the global collective catering giant is supported by a note from Exane BNP Paribas which raised its recommendation on the value to ‘overweight’. The objective is raised from 82.5 to 90 euros. The broker evokes a certain optimism on the loyalty of the group’s customers in the United States, one of its key markets.
Sanofi picked up 0.8% but fell again by more than 11% over the week. Like Deutsche Bank, which raised its recommendation on the pharmaceutical giant to ‘hold’, many investors consider the sharp decline in the stock exaggerated. While the broker is far from enthusiastic about the case (it sees other fundamental problems) and does not consider current price levels to be an obvious buying opportunity in its eyes, it asserts that maintaining a ‘negative’ opinion at these levels seems clearly ‘abused’. The target is still set at 90 euros.
FALLING VALUES
Genfit : -5% with Alstom (-4%) and McPhy (-3.5%) with BioMerieux
TF1 down about 3%. The selling pressure on the action is to be linked to a note from Barclays which downgraded the value from ‘overweight’ to ‘underweight’ while cutting its target from 12 to 6.5 euros. The analyst justifies his choice for several reasons, in particular the fact that a merger with M6 is now “unlikely” following the initial report of the French competition authority, where the team in charge of the file found serious competition problems.
Dassault Aviation : -2.5% with NHOA, Wendel and Thales (-2%)
Remy Cointreau : -1.5% with Ipsen, Nexans and Danone
Public : -1% with Capgemini, Bolloré, Verallia