Frech stocks held steady this week even as Donald Trump threatened to impose reciprocal tariffs on European countries. The CAC 40 index rose for five straight days, reaching a high of €8,200, its highest swing since May 2024 and 16% above its lowest point in August last year.
The CAC 40 index has done well as LVMH, and other luxury group companies signaled that their slowdown was ending. So, let’s explore some of the top CAC 40 index companies to watch next week.
Capgemini (CAPP)
Capgemini’s share price has recovered in the past few months. It has jumped from a low of €149.60 in December last year to €186, its highest level since October 7.
This recovery has mirrored that of other technology consultants as investors predict that IT spending will continue growing. For example, Accenture share price has surged to $390 from last year’s low of $285. Most of this growth will be driven by the ongoing artificial intelligence spending worldwide
Airbus (AIR)
Airbus stock price has surged by over 35% from its lowest level in October last year and has hovered at its highest since March last year.
The company’s business has benefited from the ongoing woes at Boeing, its biggest competitor. These woes have helped it to attract new business and become the biggest civil aviation manufacturer in the world. It will also benefit from Trump tariffs as they will make Boeing planes more expensive to foreign buyers.
Airbus stock has done well as investors predict that its business will solve the supply chain challenges that have happened in the past few years. Solving these issues will help it produce more aircraft and boost its performance. Airbus will publish its financial results mid-next week.
Renault
Renault, the leading French automaker, will also release its numbers on Thursday next week. These numbers comes at a time when the Renault share price has jumped by almost 50% from its lowest level in September last year.
Renault’s business has done much better than Stellantis, its biggest domestic competitor. Its vehicle sales. That’s because Renault is primarily a European vehicle manufacturer without a major presence in regions like China, United States, and other countries.
Renault has maintained a market share in Europe and is benefiting from its demand. It will also avoid the substantial tariffs that the US wants to impose on other countries.
Accor (ACCP)
Accor is one of the biggest hotel brands globally, where it owns hotels in the luxury, premium, midscale, and economy. Its top brands are hotel groups like Raffles, Orient Express, Banyan Tree, and Fairmont.
Swissotel, Movenpick, and Novotel are the premium hotel brands. Other hotel brands in its business are Mercure, Adagio, Ibis, and Grand Mercure.
This diversity makes Accor one of the biggest and most profitable brands in the hotel industry. Its stock has also done well, rising to a high of €50.35. It has jumped by over 58% from its lowest level in July last year.
Therefore, the upcoming earnings will provide more color about its business and whether it is benefiting from the travel demand.
Other CAC 40 shares to watch
The other notable CAC 40 shares to watch next week are Air Liquide, Schneider Electric, Carrefour, and Edenred.
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