In recent weeks the CAC 40 Index was under severe pressure, and is now significantly below its high for this year of EUR 8,260. The CAC 40 Index was currently trading at EUR7.820, as traders prepare for the upcoming European Central Bank decision, August 1st tariff deadline and the top earnings.
Watch out for these top CAC 40 Index Companies this Week
This week, the main driver of the CAC 40 Index will be the corporate earnings from some of its largest constituent companies.
LVMH is the largest company in France and will have the most to gain from the publication of its financial results. The results of this company will be closely watched because it is the largest in France and has a significant impact on French economics.
The LVMH share price is now EUR475, which is a drop of over 37% compared to its peak this year, and 45% below the high from last year. The market capitalization of LVMH has dropped from EUR500 billion to EUR235 billion.
The LVMH results will give us more information about the Chinese economy, and how customers feel about luxury. The LVMH earnings also impact other European companies such as Kering, Hermes and L’Oreal.
Analysts predict that LVMH’s earnings per share will be EUR15.11, and revenues of EUR21 billion.
TotalEnergies is another notable CAC 40 Index Company to keep an eye on. It’s one of the largest oil and natural gas companies in the world, with a capitalization exceeding EUR134 billion.
The TotalEnergies share price has been fluctuating in recent weeks. The stock was at EUR61 – a few points lower than the high last month of EUR63.5 and 18% higher than its low point for this year.
The reason for its poor performance was the continued volatility on the energy markets. Brent crude oil is hovering around EUR68 compared to the EUR80 high in June. The earnings of TotalEnergies will impact the other oil companies, like BP or Shell.
BNB Paribas Dassault Systemes and Vivendi
BNP Paribas is another notable CAC 40 firm to keep an eye on this week. It’s one of the largest banks in France. BNP Paribas shares have performed well, as has other European banks. This month’s share price is up 50% from the lowest level in January.
BNP Paribas’ stock has soared because of its dividend payments to investors and strong growth in earnings. The earnings report this week should provide a better picture of how the European Central Bank has affected its revenue and profit.
Dassault Systemes’ financial results will be also in the spotlight this week. Like LVMH its shares have been under pressure. They fell from EUR48.20 last January to EUR32 this week. This earnings report will be released a month following the delay of its target earnings timeline until 2029. It is a clear sign that their business has been struggling.
Vivendi’s earnings will be closely watched. The numbers are released as the stock of Vivendi has surged up to record levels following the Financial Regulator’s ruling that Vincent Bollore must offer shares in the public market within six months.
Thales, Edenred Veritas and Michelin are the other CAC 40 Index top companies that you should be watching.
The post Top CAC 40 Shares to Watch: LVMH BNP Paribas Vivendi & More may change as new information becomes available.
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