THE TREND
After twenty minutes of exchanges, the CAC40 dropped 0.80% and returned to 5,415 points after having touched 5,402 points. Yesterday, the Paris index had already approached 5,400 points before rebounding on this symbolic support.
The markets are still animated by the great battle between small holders united against the funds of short sales … And the latter suffered serious damage yesterday. Symbol of the confrontation, the title GameStop has even more than doubled with a flight of 134.8%. The panic of short sellers has spread to Europe and has materialized in property values, with increases of nearly 20% for some (Unibail and Klépierre). Observers fear that these sellers will also have to sell certain titles held for the blow in own, to face their losses on the operations of “short” … This morning, however, they recover the hair of the beast as evidenced by the decline of real estate in the first exchanges. But is the trend lasting or is it just a respite for sellers?
Regarding monetary policy, the Fed’s first 2021 meeting did not give rise to any surprises. The US Federal Reserve announced on Wednesday evening to maintain its key interest rates at their current level and to continue its asset purchases at the same pace, assuring the markets of its long-term support in the face of the coronavirus crisis. .
Side values, Apple published Wednesday evening after the close of Wall Street results and sales above analysts’ expectations for its first fiscal quarter, at $ 111 billion! The action of the firm at the apple, which evolved in recent days at record levels, was however hesitant after this remarkable publication, retreating slightly in electronic quotes after the close.
In Paris, investors arbitrate many titles after the publications: Elior falls, STMicroelectronics is doing much better than the Market and the small video game publisher Dontnod is racing the Market with the acquisition of more than 20% of the Chinese giant Tencent in its capital.
WALL STREET
The New York Stock Exchange ended sharply on Wednesday, in the wake of European markets, in the face of fears posed by Covid-19 on the economic recovery. At the end of the Fed meeting, its president Jerome Powell stressed that the pandemic makes the economic outlook “highly uncertain” in the United States.
At the close, the Dow Jones fell 2.05% to 30,303 points, while the large S&P 500 index lost 2.57% to 3,750 pts, and the Nasdaq Composite index, rich in technology and biotech stocks , dropped 2.6% to 13,270 pts.
ECO AND CURRENCIES
United States :
– GDP advanced for the fourth quarter. (2:30 p.m.)
– Weekly unemployment registrations. (2:30 p.m.)
– Conference Board Leading Indicators Index. (4:00 p.m.)
– Sales of new housing. (4:00 p.m.)
Europe :
– Unemployment rate in Spain. (09h00)
An ounce of yellow metal is trading at $ 1,836. For its part, the euro / dollar parity reached $ 1.2091 this morning. A barrel of Brent is trading at $ 55.41.
RISING VALUES
Aubay (+ 3.40% to 36.80 Euros) publishes a turnover of 426.4 million euros for 2020, up + 2.1% as reported and -1.5% on a like-for-like basis. This performance, obtained in an uncertain health environment, is greater than the upper limit of the objective, which was between 420 ME and 425 ME.
Dontnod Entertainment (+ 7.75% to 17.40 Euros) carried out a capital increase with elimination of preferential subscription rights for the benefit of a category of people and aimed exclusively at qualified investors, for an amount initially envisaged of around 40 million euros. As part of this placement, Tencent has committed to participate in the amount of 30 ME.
FALLING VALUES
Elior (-9.40% to 5.30 Euros) reveals a turnover of 945 million euros generated from October to December, on behalf of the 1st quarter, down -27.7% compared to first quarter of the previous fiscal year. The organic contraction is -26.1%. At the end of December 2020, Elior’s available liquidity stood at 605 million euros, compared to 630 million euros at the end of September 2020. Regarding the health situation and the tightening of constraints in several countries, Elior mentions ” a persistent source of uncertainty for the coming months as vaccination campaigns are only beginning to be implemented. ” The Group will continue to face an unfavorable annual basis of comparison until March 2021, the anniversary date of the very first containment measures. “Today, nothing allows us to envisage, with certainty, a controlled health situation in the short term and normalized by the end of the 2020-2021 fiscal year”, writes Elior.
STMicroelectronics (-0.50% to 31.57 Euros): In the fourth quarter, STM recorded net sales of $ 3.24 billion, gross margin of 38.8%, operating margin of 20.3% and net income of $ 582 million, or $ 0.63 per diluted share. Operating income thus increased 42.7% to $ 657 million, compared to $ 460 million in the fourth quarter of 2019. The Company’s operating margin increased by 360 basis points change to come out at 20.3% of net sales instead of 16.7% in the fourth quarter of 2019. For the full year 2020, STMicroelectronics generated net sales of 10.22 billion of dollars, gross margin of 37.1%, operating margin of 12.9% and net income of 1.11 billion dollars (+ 7.2%).
Groupe Crit (-0.15% to 65.80 Euros): With a turnover of 1.752 billion euros for the year, the group shows in 2020 a level of activity down -29.6% (2.488 billion euros in 2019). Despite the ongoing pandemic context, activity gradually recovered with a 4th quarter at -19.8% (-29.2% in the 3rd quarter at constant exchange rates).
Nexans (-1.60% to 60.55 Euros) is strengthening its long-standing partnership with Airbus with a new contract for the supply of specialized aeronautical cables and wires intended to form the electrical network of civil and military airplanes and helicopters.
Latécoère (-0.30% to 1.97 Euro) reveals an annual turnover of 413.2 million euros for the whole of 2020, down 42.1% and 40.7 % on an organic basis.
Groupe Partouche (stable at 19.50 Euros): the Gross Gaming Product (GGP) recorded a decrease of -21.8% over the year to 525.7 ME. This decline is attributable to the decline in the GGR for slot machines (-26.7%) and the GGR for traditional games in France (-17.8%). The operating result is a loss of -12.1 ME, against a profit of 31.9 ME in 2019. The net result shows a loss of -15.2 ME against a profit of 25 ME in 2019, of which -17.4 ME from the Group.
THEY PUBLISHED THEIR TURNOVER / RESULTS …
Infotel, Ecomiam, Visiativ, U10, AudioValley, Balyo, Bio-UV, Maurel et Prom, Munic, SpineGuard, UV Germi, Tipiak
THE LATEST “RECOS” FROM ANALYSTS …
Exane BNP Paribas downgrades LafargeHolcim to ‘neutral’.
LLBW switches to ‘keep’ on LVMH with 538 euros in the sights.
MARKET INFO
Dontnod: Tencent takes 22% of the capital following a capital increase.
1000mercis: filing of the public buyback offer with the AMF.
IN SHORT
Alchimie expands its strategic partnership with Samsung TV Plus.
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