The CAC 40 index has rallied in the past two weeks as concerns about Donald Trump’s tariffs ease. It initially bottomed at €6,765 earlier this month when Trump launched his Liberation Day tariffs. It has bounced back by over 10% from its lowest level this month, and is targeting the year-to-date high at €8,258, up by 10% from the current price.
The CAC 40 index will be in the spotlight next week as some of its largest constituent companies release their financial results. Some of the top companies to watch will be Airbus Group, TotalEnergies, Société Générale, Capgemini, Vivendi, and Schneider Electric.
Airbus Group (AIR)
Airbus Group share price remains under pressure even as the odds of more Chinese business rose. As a European company, Airbus has seen more orders as many Chinese firms have stopped ordering from Boeing.
Airbus stock has dropped by over 20% from its highest level this year. This decline is primarily due to Trump’s tariffs, which are expected to lead to margin compression and supply chain issues.
Therefore, the upcoming earnings will provide more information about its business and how it is navigating the new normal.
Read more: Airbus stock price analysis: big beneficiary of Trump’s trade war
TotalEnergies (TTE)
TotalEnergies will be one of the top CAC 40 companies to watch next week as it releases its financial results. Its stock trades at €52, up slightly from the year-to-date low of €47.63.
The stock has come under pressure as investors remain concerned about oil demand. Top agencies like the IEA and EIA have all slashed their oil demand estimates this year. There are concerns that crude oil prices will remain under pressure this year.
TotalEnergies raised its dividends and accelerated its share buybacks when it published its results earlier this year. Like its American peers, Chevron and Exxon, it is focusing on shareholder returns as profits decline
Societe Generale (SocGen)
Societe Generale’s share price has surged and is nearing its all-time high of €44.40. Its rally has mirrored that of other top European banks, such as BNP Paribas, Lloyds, and NatWest.
SocGen, as it is commonly known, will publish its financial results next week. While growth is expected to slow, investors are focused on its dividend payouts and share repurchases. It paid investors €1.7 billion last year, and hinted towards more if the European Union suspends implementing Basel rules.
Schneider Electric (SU)
Schneider Electric stock price remains 22% below its highest level this year as concerns about its growth and tariffs remain. It has, nonetheless, remained 20% above the lowest level this year.
Schneider Electric’s business has benefited from the ongoing data center boom because of the artificial intelligence craze. In February, it boosted its forecast, with the EBITDA margin expected to be between 19.2% and 19.5%. It expects that its organic revenue will grow by between 7% and 10%.
A key concern for Schneider is that it exports most of its products to the US, which accounts for 36% of sales. As such, most of these products are now costing 10% extra, which may affect its demand.
Other CAC 40 shares to watch
There will be more CAC 40 index companies to watch next week as they release their results. The most notable ones are Legrand, Air France-KLM, Alstom, and Veolia.
Additionally, the index will react to any trade-related news from the United States. Like other global indices, it will also react to earnings from American powerhouses like Microsoft, Meta Platforms, Apple, and Amazon. Historically, these companies usually have an outsize impact on global earnings because of their size.
The post Top CAC 40 Index shares to watch next week appeared first on Invezz