Big Technologies (+20%): The small British remote monitoring group improved its results beyond expectations in 1er semester. It is one of the few European files to do well this week.
Nio (+8%): The Chinese electric vehicle manufacturer is also escaping the ambient slump with the support of Citic Securities, which praised the company’s good commercial performance in August, highlighting its high-end positioning, which allows it to escape some of the headwinds of the market.
Renault (+9%): The cyclical consumer sector suffered this week. The whole sector? No, because the automotive sector held up well with cheap takeovers of several low-value names, including the diamond brand.
Vantage Towers (+8%): Rumor is circulating that private equity players would be interested in buying 82% of Vodafone on the basis of an overall valuation of €15 billion for the company which operates telecom pylons.
Inditex (+4%): The group “proves once again that he is in a class of his own“, writes Jefferies after the release of the quarterly. For the analyst, the supply structure centered on the euro is an additional point of differentiation against a group of peers in difficulty.
Kion (-35%): The purge continues for the German company, after its warning. AlphaValue notes that Kion does not appear to have the correct escalation clauses in its contracts. “The sudden change in inflation regimes may well have caught other companies with long production cycles off guard.“, notes the specialist.
MIPS (-32%): Sacred punishment for the Swedish group specialist in the technologies that equip protective helmets for cyclists and motorcyclists. The bicycle market is in decline after two years of shortages. “The market situation is still difficult in the bicycle sector, where retailers in most markets have considerably reduced their purchases“, warns the company.
Orpea (-32%): The controversial retirement home operator announced that its margins would suffer from higher energy costs in the second half. The refinancing plan is proceeding as planned, management said, but that is not enough to reassure. Oddo BHF slashed its target price from 26.70 to 16 EUR.
Adobe (-25%): The market does not digest the $20 billion devoted to the acquisition of Figma. An operation considered really expensive paid and risky.
Nucor (-18%): The American steelmaker is punished for having warned that its results will drop, in a negative context for the entire sector.
Straumann (-17%): The title spent the week in the red. UBS moved from neutral to short targeting CHF 96.75. The analyst believes that the file is of high quality, but that the potential / risk ratio is undermined by clouds that are gathering on the horizon.
Nemetschek (-16%): The German design software specialist is shaken by the decline of all technology players. The title lost nearly 30% in one month.
ocado (-14%): The British online supermarket has downgraded its 2022 outlook as consumers switch to cheaper products and buy fewer items due to the cost of living crisis.
Meta Platforms (-11%): Mark Zuckerberg’s group looks like it’s become a leveraged stock on the Nasdaq. When the US index is cut cruppers, the company is regularly more sanctioned than the market average.