Tops
A skewer+255,63 % : what if the industrial battery manufacturer succeeded in its recovery? In any case, this is what investors have started to believe given the weekly performance. At the start of the week, the group announced that it had obtained short-term bridging financing and several major contracts. On Wednesday, we learned that Porsche was taking a majority stake in one of the subsidiaries. Also, forecasts have been revised downwards, in particular because of the weakness of the energy storage activity. However, expectations are now more consistent with the situation.
Arcadium Lithium+80,52 % : a subsidiary of Rio Tinto will buy the producer of lithium-based chemicals at $5.85 per share, a premium of 90% compared to last Friday’s price. However, the premium offered does not cover the fall in the stock in recent months, which still shows -26% since the start of the year. Bad deal for the former shareholders. In September, Arcadium suggested that its financing needs remained substantial and that an acquisition could unlock production growth.
BPER Bank+14,7 % : the Italian bank has convinced its shareholders with objectives for 2027. Among the announcements, the Modena-based institution wants to increase its profit distribution ratio to 75% (i.e. a dividend yield of more than 15% at current) and high staff turnover with targeted hiring in areas deemed strategic by management, such as IT.
Super Micro Computer+15,93 % : The IT solutions provider announced the release of a new liquid cooling solution for data centers. Also, the company ships more than 100,000 GPUs per quarter. Despite recent troubles regarding accusations of poor accounting practices, Super Micro Computer’s business is doing quite well.
Renault+6,41 % : the automaker went against the grain of its competitors after confirming its annual targets during a conference call with sell-side analysts. The company expects volume growth to return in the fourth quarter, helped by new launches. Apart from Ferrari, which operates in a world of its own, Renault is the only European manufacturer not to have warned about its results.
Continental+6,57 % : the automotive supplier provided an update on its annual activity mid-week. Despite market difficulties, annual targets should be achieved. Despite everything, analysts remain quite skeptical and the share’s progress is mainly the result of the lack of warning on the figures. Furthermore, the company will increase its tire production capacity in Thailand with an investment of around €300 million.
Imperial Brands+5,35 % : the manufacturer of tobacco products which notably owns the Winston and JPS brands has published good results and is confident about its future. The recovery plan announced in 2021, focused on its five main markets and investments in substitute products (vapes, snus, etc.), has borne fruit. The company will increase returns to its shareholders.
GSK+1,4 % : the British laboratory announced that it had reached agreements with the majority of law firms representing ongoing cases related to Zantac in the United States. This over-the-counter medication for heartburn has been banned since 2019 due to its link with a probable human carcinogen, NDMA.
Flops
Vistry Group -29,6 % : the British housebuilder underestimated the cost of nine of the 46 projects in which its southern division operates. The impact of this miscalculation lowers profit forecasts for the next three years. The company’s EBIT is expected to lose 80 million pounds in 2024 compared to what was announced, underlines an analyst.
Indivior -26.51 % : the British pharmaceutical company reduces its forecasts for the second time in three months. Sales of Sublocade, an opioid addiction treatment, have been hurt by the rapid adoption of Brixadi, a competing drug developed by Swedish pharmaceutical company Camurus. A Sublocade net turnover exceeding one billion in 2025 seems compromised.
Bayer -11,88 % : the German laboratory continues its descent into hell. The Washington State Supreme Court will consider a case on PCB pollutants after an appeals court ruled in favor of Bayer in May. Regarding the Glyphosate weedkiller, individual procedures could be grouped into a collective procedure. Just this week, the group was ordered to pay $78 million to a plaintiff in the state of Philadelphia.
Stride -10,5 % : the e-learning platform plummets after the lowering of Citigroup’s recommendation, which nevertheless raised its price objective. The American company exceeded expectations during the fiscal year ended at the end of last July, posting an increase in revenue of 11% and a profit of $1.42 per share, compared to $1.01 the previous year.
Michelin -4,71 % : the world leader in tires has announced the temporary shutdown of several French factories due to the slowdown in the global market in the automotive sector. A negative signal for activity.
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