Adrien Chavanne

Nokia: No more surprises

The Finnish telecoms group fell 8% after issuing a severe profit warning. The stock is now almost half of what it was ten years ago.

July 24, 2025 at 05:58 pm

A Seamless Plan?

Things are accelerating on the trade front - and for once, in the right direction. Markets barely had time to digest the Japan-US trade agreement before the prospect of another deal loomed. We're moving up a gear, as the European Union now edges closer to a tariff agreement - though, as ever, the final word likely rests with Donald Trump. Today's session promises to be a dense one, with more than a hundred companies valued at over $10 billion reporting earnings, a slew of flash PMI indicators, and a monetary policy decision from the European Central Bank.

July 24, 2025 at 02:26 pm

Nokia: No more surprises

The Finnish telecoms group's shares fell 8% after issuing a severe profit warning. The stock is now worth nearly half of what it was ten years ago.

July 23, 2025 at 11:22 pm

Sartorius Stedim Biotech: Another blow

The medical equipment supplier has unveiled its H1 results. At first glance, the overall picture is fairly positive, with results generally above consensus. However, the market no longer believes in the success story that this company has offered in the past: its share price has fallen by two-thirds in four years.

July 23, 2025 at 10:48 pm

Wall Street's Dull Records

Another session, another record. It's a pattern that Wall Street is becoming increasingly familiar with. Investors appear to be driven by the fear of missing out on the rally. While index movements remain modest, the earnings season is nonetheless triggering significant shifts. Markets are now awaiting results from Tesla and Alphabet later this evening. In the meantime, investors will have to digest fresh trade agreements.

July 23, 2025 at 02:34 pm

Nothing can stop Ryanair

We regularly discuss the Irish airline's situation in our columns. It is clear that, quarter after quarter, its momentum continues, with the group continuing to outperform and shine.

July 21, 2025 at 10:15 pm

Elevance Health: the big hit

There is new drama in the US health insurance sector. All players are now under pressure from reduced targets, disappointing results, fraud investigations, and various external problems. Elevance Health, one of the biggest players with 105,000 employees, presented weak figures yesterday and reduced its full-year ambitions.

July 21, 2025 at 06:40 pm

PepsiCo sends reassuring signals

The owner of brands such as Lipton, 7Up, Tropicana, Lay's and Doritos has reported better-than-expected Q2 2025 results. The market welcomed the group's ability to navigate a particularly complex environment marked by inflationary pressures, currency effects and rapidly changing consumer behavior.

July 18, 2025 at 02:55 pm

Joy in the Air

There's a distinct sense of joy on the financial markets at the moment. European equities have seized the opportunity to shine as they catch up with Wall Street. On the other side of the Atlantic, risk appetite shows no sign of waning. Behind this buoyant mood lie some strong corporate earnings reports, underpinned by a resilient American consumer. Notably, today's final trading session of the week coincides with monthly equity options expiry - a context marked by investor complacency, with hopes pinned on upcoming trade deals, solid earnings results, and, as a bonus, one or two Fed rate cuts before year-end.

July 18, 2025 at 02:16 pm

ABB: A well-oiled machine

The Swiss industrial equipment giant is flirting with its all-time highs following the publication of solid Q2 results. Its well-filled order book offers remarkable visibility.

July 17, 2025 at 09:07 pm

Compagnie Financière Richemont: Brilliant jewelry, but watchmaking in decline

Having shown resilience in recent times in an environment that remains uncertain, the owner of Cartier, Van Cleef & Arpels, Jaeger-LeCoultre, and Vacheron Constantin published its Q1 revenue this morning.

July 17, 2025 at 04:06 pm

Renault takes a punch head on

Until recently, Renault seemed to be weathering the storm that is hitting the automotive industry. But the narrative that had carried the group in recent months has deteriorated, notably with the departure of the charismatic Luca de Meo, who has been called up to join the luxury sector, alongside the downward revision of annual targets. The share price is currently in a spin, down over 15% this morning.

July 16, 2025 at 05:53 pm

B&M: difficult start for new CEO

The British discount retailer has made a painful start to 2025-2026. The stock opened sharply lower on the London Stock Exchange before recovering some of its losses. However, the overall picture remains fragile, with quarterly results falling short of expectations.

July 15, 2025 at 10:22 pm

Monster: So far, so good

For a long time, investors have questioned the viability and relevance of the energy drink model. And quite rightly so. Market trends show that traditional soda sellers (Coca-Cola, PepsiCo, etc.) are getting in on the act, while new players are flooding supermarket shelves with new products.

July 11, 2025 at 05:51 pm

Fair Isaac: has the machine stalled?

Fair Isaac is the company that provides the most widely used credit scores in the United States for assessing borrowers' creditworthiness. It also sells software used by banks and insurers to automate decisions such as loan approval, fraud detection, and customer management.

July 09, 2025 at 10:27 pm

Nestlé: still in a tricky situation

The departure of Paul Bulcke (Nestlé's chairman) comes amid growing discontent amongst the food giant's shareholders. The stock has been falling for three years (since its peak in April 2022), while rivals Unilever and Danone have been performing better.

July 08, 2025 at 11:05 pm

The US administration gives chip software a boost

At the end of May, companies that develop software for the design, verification, and analysis of chips found in our technological devices saw their shares fall when the Trump administration sought to restrict exports of these tools to China. This software is known as EDA (Electronic Design Automation) and is used to create the most advanced architectures for a wide range of fields, from aerospace and automotive to 5G and Nvidia's artificial intelligence.

July 08, 2025 at 03:21 pm

How are stockmarket indices weighted?

Not all indices are structured according to the same calculation rules. Capitalization, price, equal weighting… The Dow Jones does not work in the same way as European indices. And the DAX cannot really be compared to the CAC 40… Let's try to clarify things.

July 04, 2025 at 09:17 pm

Centene: Health insurance in its darkest hour

Turbulence continues for US health insurers. And lately, it's mainly bad news. Centene is now abandoning its annual forecasts. The stock is set to plunge when Wall Street opens.

July 03, 2025 at 04:52 pm

When the sun shines for Sainsbury's

The retail group has reported good quarterly figures. However, its outlook does not allow us to see very far ahead. The stock has been treading water for 10 years.

July 01, 2025 at 11:08 pm

Accenture: overall things not the best

Accenture may have ticked (almost) all the boxes in a reassuring publication—earnings above expectations, raised targets, strengthened AI strategy—although the stock fell 7% during trading. The market remains focused on order momentum, which is considered disappointing.

June 23, 2025 at 04:04 pm