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Phillips, Shell Slump, Stellantis Cut

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Manage episode 493056821 series 3654950
Content provided by iHeartPodcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by iHeartPodcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

On this episode of Stock Movers:

- European medical technology stocks have dropped after China hit back at the European Union’s restrictions on its medical device makers. Companies such as Philips, Elekta, and Siemens Healthineers are “minimally affected” because of their “strong local presence,” Jefferies analyst Julien Dormois writes in a note

- Shell shares fell as much as 3.2% after the oil giant’s second-quarter update pointed to a weaker performance than anticipated, which is set to hit earnings expectations, according to analysts. RBC noted that this is the first weak performance after years of positive updates.

- Stellantis fells as much as 3.3% as Bank of America cuts the automaker to neutral from buy, with the broker expecting to see a “very weak” first-half report on July 29. While the US appears strong, Stellantis’s positioning in Europe looks bad, BofA says.

See omnystudio.com/listener for privacy information.

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525 episodes

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Phillips, Shell Slump, Stellantis Cut

Stock Movers

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Manage episode 493056821 series 3654950
Content provided by iHeartPodcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by iHeartPodcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

On this episode of Stock Movers:

- European medical technology stocks have dropped after China hit back at the European Union’s restrictions on its medical device makers. Companies such as Philips, Elekta, and Siemens Healthineers are “minimally affected” because of their “strong local presence,” Jefferies analyst Julien Dormois writes in a note

- Shell shares fell as much as 3.2% after the oil giant’s second-quarter update pointed to a weaker performance than anticipated, which is set to hit earnings expectations, according to analysts. RBC noted that this is the first weak performance after years of positive updates.

- Stellantis fells as much as 3.3% as Bank of America cuts the automaker to neutral from buy, with the broker expecting to see a “very weak” first-half report on July 29. While the US appears strong, Stellantis’s positioning in Europe looks bad, BofA says.

See omnystudio.com/listener for privacy information.

  continue reading

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