Live Markets: Searching for hidden gems? Stop here

Boiron SA

15/02/2024 11:40

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      STOXX up 0.5%, autos lead
    

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      CAC, DAX hit record highs
    

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      Boost from strong earnings 
    

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      Wall St futures inch up
    

  
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    SEARCHING FOR HIDDEN GEMS? STOP HERE    
    Small- and mid-caps "offer the excitement of discovery and
the potential for substantial growth," write UBS strategists 
Jerry Fowler and Sean Simond, speaking of the fascinating task
of searching for hidden gems amid the myriad of options
available in global stock markets.
    To help stock pickers in this endeavour, the Swiss bank has
looked outside the obvious STOXX 600 and FTSE 100 benchmarks,
filtering over 2,500 non-indexed stocks in Europe for criteria
such as quality, positive price momentum and negative crowding.
    The end result is a screen of 23 stocks spanning 15
industries, 11 countries, and a market cap from 5 billion euros
to as low as 300 million. Have a look.    
    (Danilo Masoni)
    *****
    
    
    STOXX SOARS AS MARKET DIGESTS STELLAR RESULTS AND DIVIDEND
INCREASES 
    The STOXX 600  .STOXX  is rising 0.6% amid a flurry of
better-than-expect results and dividend increases, with autos in
particular shining. The CAC 40  .CAC  and DAX  .GDAXI  both hit
a record high in early trading.
    Autos  .SXAP  is the top mover on a sector basis in Europe,
up 1.8%. 
    Behind the lift is Renault  RENA.PA  whose shares are
rallying 6.4% after the carmaker posted full-year 2023 net
profit slightly below forecasts but reported margin and revenue
gains and a huge dividend increase.
    Milan-listed shares in Stellantis  STLAM.MI  jumped as much
as 4.9% to a new all-time high after the carmaker announced a
higher dividend and said it would run a share buy back programme
worth 3 billion euros. 
    Flashing red though is Embracer Group  EMBRACb.ST , down
16.8% after a Q3 profit miss.   
    In the UK, animal genetics firm Genus's  GNS.L  shares have
lost over 28% of their value after flagging a tepid outlook and
weak China demand. 
    Genus is a the bottom of the FTSE 350  .FTLC , closely
followed by Close Brothers  CBRO.L  which is down 15.8% after
scrapping its 2024 dividend amid "significant uncertainty" about
a regulatory probe into the motor finance industry.
    Ithaca Energy  ITH.L  meanwhile is the FTSE's best
performing stock, up 4.3% after saying production was in line
with expectations. 
    
    (Lucy Raitano)
    *****
    
    FOR THURSDAY'S OTHER LIVE MARKETS POSTS:
    GLITTERING RESULTS TO LIFT EUROPE AT THE OPEN CLICK HERE
    ASIA TECHS BASK IN NVIDIA AFTERGLOW CLICK HERE

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hidden gems    https://tmsnrt.rs/49BGdyg
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