2023-06-17 14:33:03
TOPS
Nikola (+99%) : The pause in the Fed’s rate hike allows the electric vehicle manufacturer to breathe a little: the group, very indebted and in shortage of liquidities, benefits from its high leverage effect which attracts the most daring traders. The company also benefits from an effect short squeeze : As the stock price moves higher, short sellers are forced to close out their short positions. Thanks to this improvement, the place of Nikola within the Nasdaq is no longer threatened, for the moment.
Archer aviation (+37%) : The American specialist in eVTOL (electrically propelled aircraft) has appointed a new director security in the person of Billy Nolen. The profile, expertise and network of this former administrator of the FAA (the American civil aviation authority), a fervent defender of eVTOLs, have won over investors. The group, which promises to market its first electric planes in 2025, also benefits from increases in the recommendations of certain analysts.
Xpeng (+31%) : The Chinese manufacturer of electric vehicles listed in New York is recovering. After receiving approval from the authorities, it launched its assisted driving technology this week in 4 Chinese cities including Beijing, and is targeting 10 other cities within the year. Investors are counting on this service to boost the group’s sales, which are suffering from a severe slowdown in favor of its competitors Nio and Li Auto. Xpeng also claims to have received 25,000 pre-orders for its new G6 SUV in just 72 hours.
Virgin Galactic (+30%) : British entrepreneur Richard Branson’s space company took off on Friday after announcing that it would launch its first commercial flight to space, the Galactic 01, between June 27 and 30. Three scientists from the Italian Air Force and the National Research Council of Italy will come on board to carry out research.A second commercial flight has already been announced for early August, before the opening of monthly flights, for a sum between 200,000 and 450,000 dollars.
SoftwareOne (+25%) : The software solution provider is courted by Bain Capital Private Equity. US asset manager offers 2.9 billion Swiss francs ($3.21 billion)to seize the Swiss group, a premium of 33% compared to the closing price on May 31. The board of directors, which considers that the offer materially undervalues the company, declined the advances.
Wacker Neuson (+15%) : Lhe German manufacturer of construction machinery unveiled its ambitions for 2030 this week, well above market expectations: it is aiming for 4 billion euros in turnover (compared to 2.2 in 2022) and a marked improvement in its profitability. . To achieve this, efficiency measures and an emphasis on expansion, particularly in North and South America, thanks to a partnership with the American Deere & Company. In the process, several analysts raised their price target or their recommendation on the title.
Valneva (+13%) : French biotech climbs in this ranking thanks to the good results clinical trials of its chikungunya vaccine candidate in a pivotal phase 3 trial, which demonstrated a strong immune response and good patient tolerance. VLA1553 (that’s its nickname) is currently the only vaccine candidate against this disease in the world for which a regulatory review process is underway. The group has already sought approval for the vaccine in the United States and Canada.
FLOPS
Logitech (-9%): Only one being is missing, and everything is depopulated. The Swiss hardware maker unscrewed this week after announcing the surprise departure of longtime CEO Bracken Darrell to pursue another opportunity. Apparently highly appreciated internally and by the markets, he has been the architect of the group’s transformation over the past 10 years, and his absence is a source of uncertainty. Citigroup downgraded its recommendation on the stock after the announcement.
Boliden (-10%) : Cascading bad news for the Swedish metals specialist, already weakened by the declining zinc prices and high energy prices. He was forced to interrupt production at its Ronnskär plant (its largest unit) due to a fire, and also suspended operations at the Tara zinc mine in Ireland due to unsustainable losses. The zinc and copper producer has therefore revised its outlook for the second quarter of 2023 downwards.
SES S.A (-12%) : Similar situation inhe Luxembourg satellite operator, which announced the unexpected resignation of its managing director, Steve Collar, has also left to chase other hares. According to observers, this departure could compromise or delay the merger envisaged in March with Intelsat to create a European giant in the sector. As a reminder, the two companies each hold a share of around 20% of the world market for fixed satellite telecommunications services.
Geron corp (-16%) : The Californian biotech specializing in cancer therapeutics plunged after it said dedicated healthcare investor HealthCor Management LP sold 73.7% of its stake in the group, selling more than 1.4 million shares during the fourth trimester.
John Wiley & Sons (-17%) : The American publishing house specializing in the publication of scientific journals, technical and academic works, unveiled its results this week. If the profit shows a slight increase over the last quarter, the turnover is down. The group has also unveiled a restructuring plan, which includes the sale of non-essential activities in the field of education, which did not convince the markets.
CTS eventim (-18%) : The shares of the German group specializing in events and the sale of tickets for cultural and sporting events were on the decline after a satirical journalist from the ZDF television channel broadcast a critical investigation of the company’s business practices and thus triggered profit taking. Other voices were raised thereafter to attack the management of the company. Some analysts then downgraded their recommendation on the stock.
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