THE TREND
(Boursier.com) — After its consolidation yesterday, the CAC40 regained some strength this weekend, back close to 7,000 points. After dropping nearly 2% yesterday, the Parisian index finally regained 0.63% to 6,995 points. Despite everything, the state of mind remains cautious after 11 bullish sessions during the first 13 days of 2023 which have enabled the market to progress by more than 8% since January 1…
The latest comments from Fed officials signaled that the U.S. central bank was not yet ready to ease off or “pivot,” still overly preoccupied with inflation. In the same spirit, Christine Lagarde and Klaas Knot warned, on the European side, that investors were undoubtedly going quickly to work in their monetary expectations… have been reinforced by solid data on US employment and several speeches from central bank officials… The euro stands at $1.08 in the meantime and oil at $86 for Brent.
RISING VALUES
Pierre & Holidays rises by more than 8% with SergeFerrari
GL Events jumped 7%, driven by an excellent annual publication. The events specialist reported 2022 turnover of €1.315 billion, up 77.4% compared to the previous year with organic growth of +73.5%. This new revenue record for GL events was achieved thanks to a doubling of activity in Europe and a tripling in the Americas, which more than offset the withdrawal from Asia, still penalized by the confinements still in force in China over the period.
Esso : +6% followed by Medincell (+5%), Imerys and Cegedim (+4%)
Dassault Aviation : +3.5% on the military budget largely revised upwards in France
Casino : +3% with LFE, McPhyG.Perrier
ADP : +2.5% with HIS, Neurons
Antine : +2% with TechnipEnergies, Essilor,Nexans, believe, Lagardere
Leading the CAC40, Thales earn 2%. The GME (Momentary Grouping of Companies) coordinated by the company NSEwhich groups Saffron Electronics & Defense, Sofema and Thales, won the Mercure contract from the SIMMT (Integrated structure for maintenance in operational condition of land equipment). With a maximum value of nearly 300 million euros excluding tax, over a period of 7 years, this contract notified on December 16, 2022, will allow the Ministry of the Armed Forces to respond to the problems of managing the great diversity of its needs in terms of armed forces equipment and the need to acquire equipment in a reactive and flexible manner. The solution provided by the GME coordinated by NSE fully meets these challenges, by combining the strong and recognized expertise of French manufacturers and distributors who are leaders in their sector.
Airbus gains 1.7%. Uzbekistan Airways has placed a firm order with Airbus for 12 A320neo Family aircraft (eight A320neos and four A321neos). The choice of engines will be made later by the national company of the Republic of Uzbekistan. It plans to operate its new aircraft to further develop its network of domestic and international routes. With more than 8,600 orders from more than 130 customers, the A320neo Family aircraft are the most popular in the world…
Vallourec (+1.4%) recently won large orders from LLOG Exploration Offshore, one of the largest private exploration and production companies in the United States, for the delivery of 25,000 tons of line pipe in part of the Salamanca deepwater development project off the US Gulf Coast.
FALLING VALUES
Boiron sees red (-9%) the day after the presentation of 2022 turnover of 534.23 ME, up 17.4%. In France, despite the decline in sales of nonproprietary homeopathic medicines, the increase was 9.4% thanks to the increase in sales of homeopathic specialties and other health products. Given the significant change in sales over the year, annual operating profit is estimated to be higher than that published in 2021. Management had previously hoped for “a significant change in profitability”.
Fermentalg : -9% followed by Vantiva (-5%), Genomics (-4%), Mauna Kea
nokia : -3% with Ipsos, BigBen,SoiTec
Faurecia loses almost 3%. Jefferies downgraded the supplier to ‘underperform’ with a price target reduced from 22 to 15 euros.
Michelin yields 2%. RBC downgraded Michelin to ‘sector performance’ with just 28 euros in sight.
Voltalia : -2% with Innate, Seb, Nicox, Argan
Infotel : -1.5% withDS, Beneteau, country house, CGG, TFF, Valeo (-1%)