This week, the Parisian rating has lost all its gains since the beginning of the year. The enthusiasm of the first sessions in January already seems far away. Discover our advice on 22 actions.
After a start to the year with a bang, the Paris Stock Exchange started falling again, even falling below its closing price on 31 December.
Since a new historic high recorded on January 5 at 7,384.86 points, the CAC 40 has dropped 3.3%. Investors are worried about the level of inflation that could push the US central bank to raise rates faster than expected.
In this context, discover our advice on 23 stocks this week. We recommend 11 for purchase, 4 for sale and 7 to keep.
The most significant news (Crédit Agricole, EDF, TechnipFMC, Sopra Steria, etc.) are the subject of specific development, accessible by clicking on the hypertext links.
Our advice on 22 actions
The aircraft manufacturer benefited little from exceeding the target of 600 deliveries in 2021. Thanks to efforts once again made at the end of the year, Airbus managed to deliver 611 commercial aircraft. But, according to Reuters, Qatar Airways would claim at least 618 million dollars from the European group in the context of a lawsuit brought in London for paint problems on A350s. Keep
While the retail giant is embarking on a vast modernization project with digital as its priority, it is the object of covetousness. According to the Bloomberg agency, Auchan is again considering a merger, this time with the support of investment funds. If a reflection is well underway in the Mulliez family, which controls the distributor in the North, there is however no assurance that a concrete proposal will succeed. This speculative interest in any case confirms our positive opinion on the share Carrefour, reasonably valued. Buy
The action ignites Buy
Present in offices, hotels and residential in Europe, Covivio has just acquired several apartment buildings in Berlin. The key, 640 additional apartments – for an investment of 154 million euros –, which brings its portfolio to more than 17,500 housing units in the German capital. Keep
Forced stop in Italy Buy
In the first quarter of its staggered fiscal year (ended September 30), Ecomiam saw its turnover fall by 13.1% like-for-like, to 9.8 million euros. The group suffered from a high base effect. However, he confirmed his ambitions for 2025. Buy
A sacrifice of 8 billion euros Keep
The mining group has identified financial fraud within its cash management at the headquarters in Paris. Its impact was estimated at 45 million euros at the end of December and will be recognized in operating income for the past financial year. The sum is not negligible but will not call into question the trajectory of improvement in profits. Analysts are still expecting operating profit of 610 million euros in 2021, after a loss of 455 million in 2020. The title Eramet is supported by an environment favorable to nickel and manganese. It remains far from its historic peaks. Buy
Robotics after 3D printing Buy Gorgé Group – Keep Prodways
The oil services company picks up some colors on the stock market Stay away from the action
The turnover for the third quarter of the financial year which will end in February stood at 1.3 billion euros, up 12.5% on a like-for-like basis. The leaders of LDC confirmed the objective of a current operating profit of approximately 200 million euros for the entire financial year, provided that the requested price increases are obtained. Keep
In the first half (May to October) of its current financial year, the turnover of the specialist in the sale of online furniture stood at 18.4 million euros, up slightly (+0.7%). The gross operating surplus was 1 million (1.1 million a year earlier). Miliboo ensures that the availability rate of its offer is maintained while supply tensions persist. Buy
Encouraging news Keep
New contract in Finland Buy
The distributor of electrical equipment is revising its 2021 targets upwards. It now expects sales growth of 15.3% on a constant day basis (between 12 and 15% previously). In addition, its adjusted operating margin should come out at 6.2% (5.7% previously). Rexel benefits from the US recovery and rising inflation. The action is valued without excess. Buy
The title remains very close to the price of 31 euros offered by Dbay Advisors, the largest shareholder with 30% of the capital, as part of its takeover bid, which runs until January 28. The offer of the British investment fund will be reopened at the beginning of February if it obtains more than 50% of the shares in circulation. The exit door seems to us honorable for the minority shareholders of SQLI. By not contributing, the risk would be to end up with a weakly liquid security, a withdrawal from the rating seeming unlikely. Bring your titles to the offer
Above Steria Group
A change without consequences Keep
The transporter and logistician specializing in temperature-controlled products has just finalized the acquisition of the British Langdon Group (164 million euros in turnover in 2020). This operation allows it to establish itself in an eighth country in Europe. In stock exchange, Stef is trading just over 10 times its expected net income for the current fiscal year. An attractive multiple. Buy
The oil services company will leave Paris and sell Technip Energies shares sell
uncorked horizon Buy
Last year, the turnover of the specialist in the sale of furniture online stood at 163.5 million euros, up 38%. The gross operating surplus stood at 21.6 million, against 10 million a year earlier. After a record year, Single-Sale expects a return to normal activity. Its sales are expected to decline by 15% in the first quarter of 2021-2022. sell