Investing.com – The stock fell 2.69% at the close on Tuesday, in one of the worst trading sessions of the year. The Paris Stock Exchange index closed at 7226.98 points, the lowest in more than three months.
Among the concerns that caused the CAC 40 to plunge, we will note fears about the appointment of politicians hostile to China in the Trump government. Marco Rubio, one of the two senators from Florida, is cited by several American media to succeed Antony Blinken at the head of diplomacy. He has often positioned himself in favor of a firm policy against those he considers enemies of the United States, in particular against China and Iran.
Mike Waltz could become the White House national security adviser. Republican parliamentarian, also elected in Florida, famously described China as a “great threat”.
It is therefore no surprise that the luxury group Dry SA (EPA:), heavily exposed to China, posted the biggest decline among CAC 40 stocks on Tuesday, falling 5.76%.
The stock closed at 211 euros, the lowest since the start of 2017, and down more than 47% since the start of 2024.
Faced with such a fall, the question arises whether the stock has not exhausted its bearish potential, with a rebound on the horizon.
To answer this question, we will first note that analysts have on average a target of 257 euros for the stock, or 21.8% above the current price.
Furthermore, the InvestingPro Fair Value, which summarizes 15 recognized models, values Kering at 291 euros, or nearly 38% above the current price.
However, the company's below-average financial health score suggests caution.
Although Kering stock is definitely a stock to watch, it is therefore probably not the best CAC 40 stock to buy for the coming months.
Indeed, other opportunities in the index display greater upside potential, and/or better financial health scores.
More precisely, the Investing.com screener allowed us to identify 4 stocks meeting the following criteria:
- Upward potential of more than 20% according to InvestingPro Fair Value
- Upward potential of more than 20% according to analysts
- Overall health score greater than 2.5/5
Note that although the basic functions of the screener are accessible to everyone, as part of this research we used features reserved for InvestingPro subscribers, Pro+ plan.
The research allowed us to identify 4 actions:
These stocks display an upside potential of between +29.5% to +46.7% depending on fair value, and +21.3% to +61.8% according to analysts, while displaying health scores of 2.64/5 to 2.83/5.
InvestingPro subscribers can find out what these 5 stocks are by accessing the pre-configured search on the screener via this link.
