After Hours Summary: AVGO +5.1% higher on earnings and upbeat AI commentary; ALTO +27.7%, NAGE +23.7% higher on earnings; DUOL +1.5% on insider buy; SES -22.2%, GO -21.7%, STUB -11.8% lower on earnings
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: ALTO +27.7%, NAGE +23.7%, VEEV +13.7%, OOMA +9.3%, CBRL +7.3%, BLLN +5.2%, AVGO +5.1%, OKTA +1.5%
Companies trading higher in after hours in reaction to news: TTD +11.1% (OpenAI engaged in early conversations with TTD about advertising sales, according to The Information), GPK +4.8% (CEO bought 44,278 shares at $11.32 worth ~$501K), FIGR +1.9% (reports February operating data), NVRI +1.7% (early termination of waiting period for the proposed sale of Clean Earth), DUOL +1.5% (Director bought 5,000 shares at $99.76 worth ~$499K), CBOE +0.4% (reports February trading volume), MORN +0.3% (CFO bought 1,000 shares at $186.59 worth ~$187K), NRC +0.2% (provides business update; surpasses $152 mln in total recurring contract value), RTX +0.1% (awarded $183 mln Army contract)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: SES -22.2%, GO -21.7%, STUB -11.8%, CCRN -11.2%, ARDT -9.8%, PLPC -8.6%, RGTI -4.7%, JBI -4.6%, AEO -3%, BULL -3%, KROS -3%, BTE -2.8%
Companies trading lower in after hours in reaction to news: PEPG -17.2% (FDA places FREEDOM02 trial on partial clinical hold), IREN -5.7% (enters purchase agreement for 50,000+ NVDA B300 GPUs), COHR -2.9% (launches 224Gbps quad TIA for next-gen AI), SHC -2.7% (stock offering by selling shareholders), YEXT -1.4% (to decrease the maximum shares to be repurchased in the tender offer to $140 mln), WLKP -1.3% (files $500 mln mixed shelf offering), SON -1.2% (files mixed securities shelf offering), MS -0.1% (report it will lay off 2,500 employees, according to WSJ)
Politique – Ultreïa, le groupe de sécurité des réseaux conservateurs
Le PDG d’Ultreïa, Albéric Dumont, multiplie les contrats dans les sphères conservatrices, assurant notamment la sécurité de la candidate Reconquête Sarah Knafo, après avoir servi Marion Maréchal et Éric Zemmour. Ultreïa a facturé plus de 200 000 € au polémiste d’extrême droite pour ses services, tandis que la note s’élevait à 111 744 € pour la protection de la nièce de Marine Le Pen. Ultreïa a également décroché un marché pour assurer la sécurité incendie du grand immeuble abritant les médias du groupe Bolloré (JDD, CNews, Europe 1).
Exécutif – L’Industrial Accelerator Act de Séjourné
La finalisation du règlement européen sur l’accélération industrielle (IAA), présenté par le vice-président de la Commission Stéphane Séjourné, a obligé Ursula von der Leyen à convoquer d’urgence deux réunions du collège des commissaires pour trouver un accord sur le conditionnement de l’argent public aux critères made in Europe. Le règlement vise à porter la contribution de l’industrie au PIB européen à 20 % d’ici 2035, contre 14 % aujourd’hui.
Lobbying – France Biotech à Bruxelles
Le lobby France Biotech entend peser sur le chapitre du règlement européen sur les biotechnologies dédié aux essais cliniques, souhaitant voir leurs délais d’autorisation abaissés à 75 jours au lieu d’environ 110 actuellement. Le futur règlement prévoit également une enveloppe de 10 milliards d’euros pour 2026-2027 dans le cadre de l’initiative BioTechEU, en coopération avec la BEI.
Mouvement – Christel Heydemann chez Sanofi
Un siège d’administratrice indépendante va être proposé à Christel Heydemann lors de l’assemblée générale de Sanofi du 29 avril. Sanofi est réputé pour payer généreusement ses administrateurs, avec une rémunération moyenne de 178 205 € en 2025, le troisième montant le plus élevé du CAC 40.
Médias – CNews rompt avec Sud Ouest
La collaboration prévue entre CNews et l’agence AIMV (filiale du Groupe Sud Ouest) a finalement été annulée, le contrat ayant été rompu unilatéralement par la chaîne de Vincent Bolloré. Ce projet avait suscité une fronde des journalistes et cadres du groupe, qui avaient signé une lettre ouverte adressée à Olivier Cotinat et aux administrateurs de Sud Ouest.
Asian stocks plunged the most in nearly a year, led by the biggest South Korean crash since the global financial crisis in 2008, as mounting concerns over the Iran war triggered an exodus from some of the world’s best-performing markets. The MSCI Asia Pacific Index slumped as much as 4.5%, with South Korean stocks plunging as much as 12% amid mounting panic across trading desks. Before the slump, the Kospi Index — a poster child for AI investments — was the world’s best-performing gauge. Japanese shares fell 3.7%, Hong Kong dipped 2.6% and India dropped 2%. Dubai stocks slipped 4.7% as trading resumed. While Asia saw sharp declines, equity-index futures signaled only modest losses for the US and Europe. The big moves in Asian stocks were in contrast to other markets, after President Donald Trump provided assurances on safeguarding shipping through the Strait of Hormuz helped calm nerves. Brent crude gained 2.1% — compared with jumps of 4.7% and 7.3% in the past two days — and gold gained 1.4%. The Bloomberg Dollar Spot Index was up 0.2%. Treasuries were a touch weaker, with the yield on the benchmark 10-year up one basis point to 4.07%, after bond markets tumbled earlier in the week. Dubai stocks fell 4.7% as trading resumed. The US-Israeli attack on Iran has destabilized the Middle East and threatens to deliver a new inflationary shock to the global economy by pushing up oil prices. There’s also no clear sense of when or how the war will end, raising the prospect of a prolonged conflict and unforeseen consequences beyond the White House’s control. Kerry Craig of JPMorgan Asset Management says Asian markets are experiencing continued repositioning by investors. The war continued to reverberate across the Middle East, with Israel bombarding Tehran in a fresh wave of strikes. The Islamic Republic fired missiles at Qatar, Bahrain and Oman, with Doha saying targets weren’t limited to military interests. Qatar and Iraq halted production at major energy sites. This conflict is different from Trump’s trade war, his talk of invading Greenland or his assault on the Federal Reserve’s independence, all of which unnerved investors globally. In each case, traders came to expect that Trump would backtrack if markets fell too far, a strategy that came to be known as the TACO trade, which stands for Trump Always Chickens Out — and created a buy-the-dip mentality that allowed stocks to rally back. Markets are focused on oil as traders weighed Trump’s plan to insure and escort tankers passing through the Strait of Hormuz, with traffic in the vital waterway all but halted. Oil extended gains, with Brent hovering just above $82 a barrel after rallying about 12% over two days, the biggest gain since 2020. Oil’s advance and the dollar’s strength are a combination that’s not ideal for Asian economies. The dollar’s two-day gain is the most in nearly a year. A gauge of Asian currencies fell to the lowest since January this week, with the decline limited as China sought to anchor the yuan. Even after the losses this week, Asian stocks are up about 5% this year, on top of a 25% jump in 2025. Equities have rallied since their slump in April — caused by Trump’s tariffs announcement — on bets the billions spent by companies on artificial intelligence will pay off. US After Hours ROST +5.8%, BOX +3.7% higher on earnings; MRNA +9.4% on settlement agreement; WBTN -13.6%, STAA -11.2%, GTLB -8.3%, CRWD -0.9% lower on earnings.
Nikkei -4% Hang Seng -2.92% CSI -1.40% Shanghai -1.20% Shenzen -0.65%
Eur$ 1.1598 CNH 6.9277 CNY 6.9217 JPY 157.62 GBP 1.3315 CHF 0.7815 RUB 77.5670 TRY 43.9903 WTI$ 76.04 +1.89% Gold 5,142 +0.86% BTC 68,143 +.08% ETH 1,965 _0.09%
S&P -0.53% Nasdaq -0.78% EuroStoxx +0.05% FTSE +0.30% Dax +0.33% SMI +0.28%
Macro :
- Fleet of AI Bots Will Supercharge Hedge Fund Power, Nettimi Says
- Apollo’s Rowan Warns of Shakeout Coming for Private Markets
- Apollo’s Rowan Warns of Shakeout Coming for Private Markets
- Israel Attacks Clerical Body Meant to Choose Iran’s Next Leader
- Trump Says US Will Escort, Insure Oil Tankers Amid Iran War
- Merz Says EU Won’t Accept US Trade Deal on Worse Tariff Terms
- Goldman’s Solomon Surprised by ‘Benign’ Market Reaction to War
Keep an eye on :
Keep an eye on :
- ABUS US :Moderna to Pay Almost $1 Billion to Settle Arbutus Litigation +35%
- ADS GY ; Adidas Extends CEO Gulden’s Contract Until 2030
- ADS GY : Adidas Sees 2026 Operating Profit About EU2.3B, Est. EU2.69B
- AED BB : Aedifica to Own ~80% of Cofinimmo Shares After Exchange Offer
- Anthropic IPO : Anthropic’s Claude Being Used by US Military in Iran War: CBS
- AT1 GY : Aroundtown FY Adjusted Ebitda Beats Estimates
- ASM NA : ASM Intl 4Q Orders Beats Estimates
- BNJ NA : France’s Banijay to Merge With All3Media to Form TV Powerhouse
- BAYN GY : Bayer Sees 2026 Adjusted Ebitda EU9.6B to EU10.1B, Est. EU9.75B
- BEZ LN : Beazley FY Pretax Profit Beats Estimates
- GBF GY : Bilfinger Sees 2026 Sales EU5.4B to EU5.9B, Est. EU5.72B
- CON GY : Continental Sees 2026 Adjusted Ebit Margin About 11% to 12.5%
- BA/ LN : Australia Awards A$163 Million 7-Year Contract to BAE Systems
- CEVA SW : Italy Finance Police Seize Over €27M From Ceva Logistics
- CRGY US : Crescent Is Said to Offer Up to 3.25% Coupon on Convertible Bond
- CRWD US : CrowdStrike 1Q Revenue Forecast Matches Estimates
- DIE BB : D’Ieteren Taps Rothschild to Explore Options for Stake in Belron
- EAPI FP : EuroAPI FY Revenue Misses Estimates
- EQT SS : EQT Resolves on Buyback of Own Ordinary Shares
- EVK GY : Evonik FY Dividend per Share Misses Estimates
- FBK IM : FinecoBank Expects Stable Banking Fees in 2026
- GTLB US : Gitlab Shares Fall After 2027 EPS Forecast Trails Estimate
- GYC GY : Grand City Properties FY FFO I EU188M Vs. EU188M Y/y
- HBR LN : Harbour Energy, Lion, IG Set to Join FTSE 100: Panmure Liberum
- IMPN SW : Implenia FY Sales Miss Estimates
- IG IM : Italgas FY Adjusted Ebitda Meets Estimates
- DEC FP : JCDecaux Gets 10-Year Contract at Denver International Airport
- MAERSKB DC : Maersk Adds Freight Fee to Middle East Container Shipments
- META US : Meta to Pay News Corp Up to $50 Million Annually to License Content for Training, Output - WSJ
- MRNA US : Moderna to Pay up to $2.25b in Settlement With Roivant, Arbutus
- NTGY SM : GIP Fund Said to Allocate 60% of Naturgy Block to 10 Investors
- NTGY SM : CriteriaCaixa Increases Stake in Naturgy to 28.5%
- NKT DC : NKT Signs €2.2b Contract for UK’s Eastern Green Link 3 Project
- NHY NO : Norsk Hydro Shuts Down Qatalum Aluminum Production
- NOVOB DC : Novo’s Latest Ozempic Ad Misleads Viewers, FDA Says
- NOS PL : NOS 4Q Net Income Beats Estimates
- NVDA US : Nvidia Backs Another UK Driverless Startup in $103 Million Round
- PSKY US : Paramount to Join Biggest Junk Borrower Ranks After Warner Deal
- QLT LN : Quilter FY Adjusted Pretax Profit Beats Estimates
- RDC GY : Redcare Pharmacy NV FY Adj. Ebitda EU57.4M Vs. EU33.3M Y/y (1)
- RDC GY : Redcare Pharmacy NV Sees 2026 Adj. Ebitda Margin at Least 2.5%
- ROIV US : Moderna to Pay up to $2.25b in Settlement With Roivant, Arbutus
- ROSE LN : Rosebank Offering of 575.8m Shares Prices at GBp330/Share
- ROSE LN : Rosebank Offering of 575.8m Shares Prices at GBp330/Share
- SAN SM : US, Spain to Resume ‘Amazing’ Ties Soon, Santander’s Botin Says
- SCR FP : Scor 4Q Net Income Beats Estimates
- SHEL LN : Raízen’s Owners Abandon Talks to Rescue Struggling Fuel Producer
- SHI LN : SIG FY Underlying Revenue Meets Estimates
- ENR GY : Siemens Energy to Repurchase Up to €2 Billion of Its Shares
- SIX2 GY : Sixt Sees 2026 Revenue EU4.45B to EU4.6B, Est. EU4.51B
- Space X IPO : Elon Musk’s SpaceX Is Said to Add Citigroup to IPO Bank Lineup
- SY1 GY : Symrise Sees 2026 Organic Sales +2% to +4%, Est. +3.09%
- TEVA IT : Teva, Blackstone Life Sciences Ink $400m Drug Development Pact
- 8TRA GY : Traton Sees 2026 Adj. Oper Margin 5.3% to 7.3%, Est. 7.13%
- WEIR LN : Weir Group FY Adjusted Operating Profit Meets Estimates
>>> Up
* AMG Raised to Buy at Deutsche Bank; PT 42 euros
* Clas Ohlson Raised to Hold at SEB Equities; PT 360 kronor
* Clas Ohlson Raised to Hold at SEB Equities; PT 360 kronor
* Danone Raised to Outperform at BNP Paribas; PT 83 euros
* Dow Raised to Overweight at KeyBanc; PT $38
* Emeis Raised to Reduce at AlphaValue/Baader
* Kion Raised to Hold at Jefferies; PT 56 euros
* LyondellBasell Raised to Overweight at KeyBanc; PT $73
* Nexans Raised to Overweight at Barclays; PT 157 euros
>>> Down
>>> Down
* Beiersdorf Cut to Hold at DZ Bank; PT 93 euros
* BW LPG Cut to Hold at ABG; PT 191 kroner
* BW LPG Cut to Hold at Arctic Securities; PT 185 kroner
* Dassault Systemes Cut to Neutral at Goldman; PT 20 euros
* Eezy Cut to Reduce at Inderes; PT 60 euro cents
* Equinor Cut to Hold at ABG; PT 300 kroner
* Gitlab Cut to Neutral at Piper Sandler; PT $28
* Kuehne + Nagel Cut to Reduce at HSBC; PT 160 Swiss francs
* On Holding PT Cut to $55 from $65 at Truist Secs
* On Holding PT Cut to $55 from $65 at Truist Secs
* PhotoCure Cut to Hold at ABG; PT 72 kroner
* Segro Cut to Neutral at UBS; PT 840 pence
* Syensqo Cut to Neutral at UBS; PT 54 euros
* Thales Cut to Neutral at JPMorgan; PT 275 euros
>>> Initiation
* Ashtead Reinstated Neutral at Goldman; PT 6,030 pence
>>> Call
>>> Initiation
* Ashtead Reinstated Neutral at Goldman; PT 6,030 pence
>>> Call
* EuroAPI Outlook Implies 29% Consensus Hit to Ebitda: JPMorgan
* European Banks May Remain Under Pressure in Short Term, MS Says
* Kion Downside Risks Now More Limited, Jefferies Upgrades to Hold
* Harbour Energy, Lion, IG Set to Join FTSE 100: Panmure Liberum
* Harbour Energy, Lion, IG Set to Join FTSE 100: Panmure Liberum
* Thales Cut to Neutral at JPMorgan on Cyber and Digital Weakness
- NKT (NKT TH) +3%
- NKT Signs €2.2b Contract for UK’s Eastern Green Link 3 Project
- Kion (KGX TH) +2.6%
- Kion Downside Risks Now More Limited, Jefferies Upgrades to Hold
- Nokia (NOA3 TH) +2.1%
- Accor (ACR TH) +1.5%
- ArcelorMittal (ARRD TH) +1.4%
- Repsol (REP TH) +1.1%
- Aston Martin Puts, Repsol Late Crosses: EMEA Options Snapshot
- Holcim (HLBN TH) +1%
- Beiersdorf (BEI TH) +1%
- Voestalpine (VAS TH) -1.3%
- Rational (RAA TH) -1.4%
- Lotus Bakeries (7LB TH) -1.4%
- Thales (CSF TH) -1.4%
- Thales Cut to Neutral at JPMorgan on Cyber and Digital Weakness
- Var Energi (J4V TH) -1.7%
- Galp (GZ5 TH) -1.7%
- HSBC (HBC1 TH) -1.8%
- Adidas (ADS TH) -1.8%
- *ADIDAS SEES 2026 OPER PROFIT ABOUT EU2.3B, EST. EU2.69B
- Equinor (DNQ TH) -1.8%
- Equinor Cut to Hold at ABG; PT 300 kroner
- Bilfinger (GBF TH) -3%
- Thomas Schulz of Bilfinger SE on Bloomberg US TV