CAC 40: 34 out of 40 stocks in the red, session turns into a bloodbath

A session of unusual bearish consensus

At 12:30 PM, the CAC 40 stands at 8,432.21 points, down by 1.73%. The striking figure is the distribution: 34 stocks are down, only 6 are up, and none are stable. Such a nearly unanimous downturn in Paris hasn't been seen for quite some time.

The atmosphere is heavy at the start of this week. Accor plummets nearly 9%, Stellantis drops by 5%, Kering by 4.5%, and LVMH by almost 4%. These significant declines, spread across multiple sectors, give this session a tone of widespread retreat rather than a simple rotation. The hotel, automotive, and luxury sectors bear the brunt of the pressure, pulling the index down with them.

TotalEnergies and Thales: The Few Survivors of the Downturn

In this uniformly bleak landscape, two names stand out. TotalEnergies is up 3% to 69.30 euros, buoyed by a dual boost from analysts. Citi has raised its price target from 71 to 75 euros while maintaining its buy recommendation. Meanwhile, JP Morgan has upgraded its position from « neutral » to « overweight, » with a target jumping from 63 to 75 euros. This bullish alignment from two major banks provides a notable boost to the oil giant's stock, which stands as a safe haven amid today's turmoil.

Thales gains 2.2% to 260.50 euros. The defense and electronics group continues to benefit from the geopolitical context and the theme of European rearmament, which remains a key focus for investors.

Further down, ArcelorMittal edges up 0.07% to 55.52 euros, in relative calm, but ING Bank has significantly raised its price target for the steelmaker, from 38 to 64 euros, while maintaining a buy recommendation. Euronext (+0.21%) and Eurofins Scientific (+0.09%) round out this scant list of survivors, with almost symbolic variations.

Accor, Stellantis, Luxury: Sectors in Decline

Accor is experiencing the steepest decline on the Paris stock market this Monday. The hotel group's stock is plummeting by 8.65% to 45 euros, a sharp drop weighing heavily on the entire index.

The automotive sector is suffering as well. Stellantis is down by 4.96% to 6.59 euros, amid a context where analysts are lowering their expectations. Citi has reduced its price target from 9 to 8 euros, while maintaining a neutral stance. Bernstein, on the other hand, has set a target of 6.20 euros, down from 8.50 euros previously, with a recommendation of « market perform. » These signals reflect the ongoing challenges for the manufacturer. Renault is also affected, with its stock dropping 3.96% to 30.84 euros, following the sector's downward trend.

The luxury sector completes this bleak picture. Kering falls by 4.47% to 273.13 euros, and LVMH loses 3.82% to 523.30 euros. Both sector heavyweights are continuing a downward trend that mechanically amplifies the index's decline, given their weight in the CAC 40.

By mid-session, no sector seems to be spared, except for energy and defense. The Paris stock exchange is experiencing one of its most severe red days in recent weeks, with a power dynamic very unfavorable to buyers.