Here is what to remember from the trading day of Monday, April 29. An analysis provided by the stock market experts at Meilleurtaux Placement.
The markets: A wait-and-see attitude
Wait-and-see start to the week for the CAC40 closing at 8,065 points, down 0.29%. This first day of trading clearly reflects the fear of investors as macroeconomic data approaches, strongly encouraging them not to add risk to their portfolios.
The day was relatively calm with an opening up this morning supported by the American close last Friday. After this short-term euphoria, investors quickly came to their senses before beginning a long decline in reduced volatility with their sights set on the publication of American employment figures this Wednesday and the announcement of the continuation program. the monetary policy of the FED.
For many investors, J. Powell’s comments will be a non-event, only confirming the current inflation situation. However, a few hours before his speech, the American employment situation will be published, macroeconomic information closely watched by the FED committee because it gives an indication of the future of American consumption.
On the European side, GDP and inflation data will be published tomorrow, but without much impact on the markets, because Europe is generating very little growth. We will also find the publications of Stellantis, Capgemini and Thales, three major players and valuations of the CAC40, which is likely to have a strong impact on the index at the start of the morning of April 30.
Values: Atos, Eramet and Xilam Animation
Atos The Atos soap opera continues! Today there is news, the French state is proposing to buy strategic activities of the company Atos for an amount of between 700 million and 1 billion euros. These activities include cyber security, advanced electronic systems, and supercomputers, essential for defense and national sovereignty. This repurchase, which aims to protect the strategic interests of France, led to an increase of 19.18% in the stock to 2.27, which reflects a positive reaction from the market despite the group’s financial challenges. The stock has still lost more than 66% since the start of the year.
Eramet Largely first in the CAC, the construction materials specialist gained 6.88% this evening, 75.24 (+12% in 2024). More than its results which exceeded expectations, it was above all its forecasts which attracted attention. The mining group Eramet gained 5.95% this evening, 93.5 despite a decline of 15.5% in its quarterly revenues announced on Thursday. This slowdown is particularly marked by a 44% drop in the nickel sector. However, mineral sands recorded a growth of 20% and manganese increased slightly by 2%. The results are not surprising in a context of low prices for manganese and nickel, and the first half seems to be just as gloomy. However, today there is hope with the drop in manganese production volumes in Australia, due to the temporary closure of a mine following damage caused by a cyclone. This situation could lead to an increase in manganese prices, beneficial for Eramet. The stock gains nearly 30% in 2024.
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Xilam Animation Xilam Animation, eligible for the PEA-PME, posted an increase of 3.53% to 4.54 today, following the announcement of their new children’s series, Piggy Builders, which will be broadcast on European channels such as France Télévisions, the BBC and German ZDF next year. Aimed at a preschool audience and presented in 3D, this series features a trio of pig brothers and sisters facing various challenges posed by a lazy wolf. Marc du Pontavice, CEO of Xilam, took the opportunity to express his great satisfaction with this collaboration with these renowned broadcasters and said he was confident about the future success of the series and its positive impact on the growth of the company. Since January 1, the stock has gained nearly 15%.
The world after: Tesla triumphs!
Elon Musk’s recent express visit to China seems to have paid off for Tesla. The CEO of Tesla succeeded in obtaining crucial regulatory relaxations for the deployment of its advanced driver assistance system, Full Self-Driving (FSD), in China. This advance could allay concerns about data security and privacy, major obstacles until now to the commercialization of this technology on the Chinese market.
In addition to this regulatory relaxation, Tesla has also reportedly established a partnership with Chinese technology giant Baidu to develop essential mapping and navigation technologies to support FSD. Beijing’s approval for the full deployment of FSD would represent significant support for Tesla, whose revenue and sales in China have seen recent declines. On Wall Street, the announcement had an immediate impact, with Tesla shares rising 13.5% in early trading.