American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Investing

CAC 40 index forms golden cross thanks to these stocks

by admin February 10, 2025
February 10, 2025
CAC 40 index forms golden cross thanks to these stocks

The CAC 40 index has risen in the last five straight weeks and is hoverng at its highest level since June 3 last year despite the rising tariff risks. It soared to a high of €8,000 on Friday, up by over 13% from its lowest point in December and and by 120% from its 2020 lows. So, what next for the blue-chip index?

Why the CAC 40 index is rising

The CAC 40 index has jumped as investors rotate back to European stocks. For example, the DAX index has soared to a record high this year, a trend that may continue. 

Similarly, the FTSE MIB index has jumped to €37,055, up by 160% from its lowest point in 2020. The IBEX 35 index, which tracks the biggest companies in Spain, has soared to €12,800, while the broader Stoxx 600 index has moved to €543. 

These indices are soaring as investors rotate from the low-yieldng European bonds to the stock market because of the dovish European Central Bank (ECB). The ECB has slashed interest rates five times, slashing the official cash rate to 3%. 

This, in turn, has pushed bond yields lower, with the ten-year yield moving to 3% from the year-to-date high of 3.50%. The 30-year yield has dropped to 3.6% from a high of 4%. This has made French stocks more attractive since the average dividend yield is about 3%. 

The CAC 40 index has also been boosted by the recent Chinese economic data, which revealed that the economy was doing well. A report showed that China’s GDP expanded by 5.4% in the fourth quarter and hit the 5% target. 

China is an important market for French companies, which do a lot of business there. Some of the most notable firms with large Chinese operations are the likes of LVMH, Pernod Rickard, and Kering. 

Top gainers French stocks

Societe Generale is the best-performing company in the CAC 40 index as it jumped by over 32% this year and by 62% in the last 12 months. This growth happened as the second-biggest bank in France published strong financial results. Its annual revenue soared by 6.7% to €26.7 billion, helped by higher net interest income. The firm paid over €1.7 billion in dividends.

Dassault Systemes stock price has soared by 18% this year, making it the second-best-performer in the CAC 40 index. It has done well as its business continued doing well. Its software revenue rose by 9% in the fourth quarter, bringing its annual revenue figure to €6.21 billion. It expects that its revenue will grow by between 6% and 7% this year. 

BNB Paribas, the biggest bank in France, has also jumped by over 16% this year, making it the the-best-performing stock in the index. Like Societe Generale, the company has done well, helped by the rising net interest income and higher distributions. 

The other top-performing companies in the CAC 40 index this year are Safran, Thales, Credit Agricole, TotalEnergies, Capgemini, and Sanofi. On the other hand, the top laggards in the index are firms like ST Microelectronics, Pernod Ricard, Edenred, and Stellantis.

CAC 40 index analysis

CAC index chart by TradingView

The daily chart shows that the CAC 40 index has been in a strong bull run in the past few months. It recently crossed the important resistance level at €7,800, its highest swing in September last year. This was a notable level since it was the neckline of the slanted double-bottom pattern.

Most importantly, the index has formed a golden cross pattern as the 200-day and 50-day Exponential Moving Averages (EMA) crossed each other. Therefore, the stock will likely keep rising as bulls target the all-time high of €8,255, up by 3.5% from the current level. 

The post CAC 40 index forms golden cross thanks to these stocks appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
Adyen share price rare pattern points to a surge soon
next post
These DAX index companies are firing on all cylinders

Related Posts

Here’s why the Zimbabwe ZiG currency faces a...

April 4, 2025

Grande Portage Resources Files on SEDAR+ the Mineral...

July 23, 2024

Pilot Plant Commences First Phase of Operations

March 29, 2024

Unearthing Efficiency: How the Mining Industry is Using...

April 6, 2024

True North Copper Updates Vero Copper-Silver Resource

August 9, 2024

EUR/GBP and GBP/USD outlooks: why is the pound...

January 9, 2025

USD/TRY analysis as Goldman Sachs warns on lira...

June 2, 2025

Top stock price forecast: Plug Power, Uber, and...

June 26, 2025

Westpac share price slipped after earnings: time to...

May 5, 2025

High-Grade Gold and Copper Assays Open Up Immense...

February 6, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • FBI raid on John Bolton’s home in Washington linked to classified documents

      August 25, 2025
    • Argentine senate deals blow to Milei’s austerity agenda with university budget boost

      August 25, 2025
    • Jackson Hole Symposium: what Powell said about economic effects of Trump’s tariffs

      August 25, 2025
    • At Jackson Hole, Fed Chair Powell signals possible cuts while warning of uncertainty

      August 25, 2025
    • Trump threatens to fire Fed Governor Lisa Cook amid mortgage fraud allegations

      August 25, 2025

    Categories

    • Business (3,763)
    • Investing (2,783)
    • Latest News (2,048)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved