Kevin Smith

Capgemini results pleasantly surprise

Capgemini announced on Tuesday a 0.4% decline in revenue at constant exchange rates in Q1, a decline that was considered less severe than expected, thanks to the strength of its business in North America and the United Kingdom & Ireland. After some disappointments, this pleasant surprise has led to a surge in the stock price.

May 02, 2025 at 02:26 am

No messing around with customs duties at Amazon

Amazon yesterday denied any plans to display the impact of new US import taxes on its main website, after the White House accusedit of a "hostile" political act. However, the company acknowledged that its low-cost subsidiary, Haul, had considered doing so before abandoning the idea. Relations between Trump and Bezos are still in flux.

April 30, 2025 at 10:08 am

European automotive industry: results plunge, shares climb. Thanks, Donald?

European manufacturers no longer know which saint—or which president—to turn to. Their profits are plummeting, their forecasts are melting like snow in the sun, although their shares are resisting on the stockmarket. The reason? Another sleight of hand by Donald Trump.

April 30, 2025 at 04:50 am

3 mid-caps liked by analysts in Europe

There are many methods for pre-selecting stocks on the stockmarket. Looking at what the professionals think, for example. This is the exercise we are proposing today. We used MarketScreener's StockScreener to identify stocks tracked by at least six brokers with only positive opinions in the mid-cap category with a decent level of liquidity. Here are the top three, with some explanations as to why these stocks are so popular with analysts.

April 28, 2025 at 08:51 am

Accor: good results welcomed by market

The hotel group unveiled solid Q1 results yesterday evening, with its strategy of moving upmarket appearing to be paying off. Accor was thus able to confirm its medium-term growth outlook, despite an uncertain macroeconomic environment.

April 25, 2025 at 09:09 am

Has Moncler peaked?

The leading brand in down jackets and winter clothing is not immune to the slowdown that is affecting almost the entire luxury sector.

April 25, 2025 at 02:52 am

Air France-KLM remains less undervalued than one might think

Yesterday in these columns we pointed out that Air France-KLM was valued at less than twice its net income on the stockmarket.

April 25, 2025 at 02:32 am

Trump may backtrack on some auto tariffs (FT)

According to the Financial Times, which cites two sources close to the matter, US President Donald Trump is considering exempting car manufacturers from certain customs duties. This decision would follow several weeks of intensive lobbying by automotive industry leaders.

April 24, 2025 at 03:18 am

Semiconductors: who do European groups sell to?

When investing in a company, it is essential to understand where its revenue comes from. This is the kind of thing that Warren Buffett, the most famous investor alive, teaches his followers: only invest in things you understand. And to understand, you need to know where the money comes from.

April 23, 2025 at 10:19 am

Danone relies on China to post a good quarter, but…

Danone exceeded sales forecasts in Q1 2025, buoyed by strong demand in China for its baby milk and medical nutrition products, which offset the weak sales of its coffee creamers in a highly competitive US market.

April 23, 2025 at 04:57 am

Tesla's Quarterly Results: An Ironic Twist

The automaker, which has been treading water in the stockmarket for its fourth consecutive year, reported very poor quarterly results yesterday.

April 23, 2025 at 04:52 am

Air France-KLM, the most undervalued stock right now?

Air France-KLM shares, which have fallen 10% in 2025, have just "won" the title of lowest P/E ratio in Europe amongst companies with a market capitalization of over €1bn. The Franco-Dutch airline, or Dutch-French depending on your point of view, is undervalued for the current year and the next two years, i.e. less than twice the expected results for this year, 1.7x those for 2026 and 1.56x those for 2027. This is particularly low: according to our friends at AlphaValue, the median European 2025 P/E multiple is 13.5x and 11.9x for 2026.

April 22, 2025 at 10:48 am

The price of gold reaches $3,500 per ounce (+33% in 2025)

Investing in gold is the best way to escape the turbulence of the financial markets in 2025. This morning provided further proof of this. At 8:18 a.m., the price of gold made a symbolic foray into the $3,500 range (at $3,500.12, to be precise). This is the first time in history that the eternal metal has done this, having risen by 33% since the beginning of the year, increasing its lead over all other major asset classes.

April 22, 2025 at 09:41 am

Has Moncler reached its peak?

The leading brand in down jackets and winter clothing is not immune to the slowdown that is affecting almost the entire luxury sector.

April 22, 2025 at 04:26 am

Iconic Denny's shares collapse on stockmarket

After Hooters filed for bankruptcy, is it now the turn of the famous Denny's chain to teeter on the brink of collapse?

April 22, 2025 at 04:07 am

Brunello Cucinelli defies turbulence

Like Hermès, the Italian specialist in high-end cashmere is weathering the economic climate and maintaining its strong growth trajectory.

April 22, 2025 at 03:53 am

Pernod Ricard at its lowest valuation multiples

The spirits group, while unable to escape the current difficult economic climate, is nevertheless managing to limit the damage.

April 22, 2025 at 03:11 am

Apogee Enterprises remains neglected by investors

The architectural glass systems specialist—owner of the well-known Linetec and Viracon brands—has fallen out of favor with the market since tensions rose in the construction and commercial real estate sectors in North America.

April 17, 2025 at 08:54 am

LVMH falls off its pedestal

Trouble never comes alone. In the midst of reorganization, the group led by Bernard Arnault is experiencing the old adage as it enters a new era in its history.

April 17, 2025 at 05:10 am

Michael Kors down for the count

At the end of 2024, the American courts ruled against Tapestry - the group that owns the Coach, Kate Spade New York and Stuart Weitzman brands - in its bid to acquire Capri Holdings.

April 15, 2025 at 04:59 am

Morgan Stanley reports excellent Q1 2025 results

2024 was even better than the previous year, and 2025 is off to a flying start with the highest quarterly profit in the company's history. These additional gains are driven by trading activities, and to a lesser extent by the successful offloading of debt carried on the balance sheet since Elon Musk's takeover of Twitter.

April 14, 2025 at 04:59 am