Analysis: Stocks

Fortum: Q1 26: Strong optimisation premium create the surprise on achieved prices

Earnings/Sales releases Results were ahead of expectations on generation, driven mainly by stronger hydro, while nuclear volumes were slightly weaker due to issues at Oskarshamn 3. The main positive...

Norsk Hydro: A brilliant Q1 thanks to tensions in the Middle East

Earnings/Sales ReleasesDespite direct exposure to the Middle East, Norsk Hydro reported exceptional Q1 results – with profit metrics well ahead of street expectations. Primary Metal was the biggest...

Lloyds Banking Group: Confirmed guidance on short-lived Middle East impact scenario

Earnings/sales releases The group posted a strong set of results, driven notably by lower-than-expected loan impairments, as the management expects a marginal and short-lived impact from the Middle...

Kone: Broadly in line results and an unchanged outlook; we reiterate Reduce

Earnings/Sales releases Kone's Q1 results broadly met consensus expectations despite modest growth in New Equipment orders and sales. modernisation and service continued to be the mainstay of...

Carlsberg: Carlsberg Q1 FY26: A clean beat across all regions

Earnings/Sales releases Carlsberg started 2026 robustly, exceeding expectations in both volume and revenue. This performance was broad-based, with all three regions contributing. central & Eastern...

Can ABB Sustain Its Ascent?

From a stockmarket purgatory in the early noughties to the pinnacle of the AI infrastructure era: ABB is charting one of the most spectacular turnarounds in the industrial landscape. However, behind...

UBS: Record results overshadow capital requirement concerns

Earnings/Sales releases While management continues to voice concerns regarding CET1 requirements, the group has just achieved its best set of results to date. Since they are currently ahead of plan,...

Airbus Group: Execution challenged with rising macro uncertainty ahead

Earnings/Sales releases Airbus’ Q1 was softer than expected, but beyond the timing effects highlighted by management, the quarter points to ongoing challenges in converting production into...

Deutsche Bank: Iran war not expected to have any material impact

Earnings/Sales releases The group posted a strong set of results despite the frontloading of provisions related to the Middle East crisis. The management reiterated its 2026 guidance, including on the...

Thin Margins Sour Vishal Mega Mart's Growth Story

While macro tailwinds and aggressive store expansion have finally propelled Vishal Mega Mart Limited beyond its post-IPO hangover, the market is now demanding proof-of-life beyond the holiday season. ...

Adidas: The Day the Three Stripes retook the Lead

Some records simply fall, while others shift the commercial boundaries of a market. The 2026 London Marathon belongs to the latter category. In under two hours, Sabastian Sawe did more than just...

Sands China Rides Macao's Gaming Revival

Sands China Ltd.'s stock surge reflects investor confidence in Macao's gaming renaissance, as the integrated resort titan capitalizes on surging visitor volumes and premium hospitality demand. While...

Trend Micro Pivots Strategy as it Faces Platform Wars

Trend Micro Incorporated is a global cybersecurity leader positioned at the intersection of enterprise cloud adoption and rising digital risk. Its platform-led strategy, deep threat intelligence and...

There is no such thing as tech anymore

As recently as two weeks ago, prediction markets were pricing in a significant probability of a swift return to normality for traffic in the Strait of Hormuz. On Polymarket, the odds of a reopening...

Coherent Corp. : A Photonics Giant at an Inflection Point

Founded in 1971 and headquartered in Saxonburg, Pennsylvania, Coherent operates across more than 20 countries, serving industry-leading customers in datacenter, communications, and industrial markets....

Darling Ingredients Inc. : Waste to Value

Founded in 1882 and headquartered in Irving, Texas, Darling Ingredients collects what the food industry discards - animal by-products, used cooking oil, bakery waste - and converts it into protein...

Teleperformance: New men…continued

Earnings/Sales releasesThe group released an anticipated trading statement, revealing a Q126 topline decline of -6.9% to €2,433m, with a like-for-like decrease of -2.2%. Management had previously...

Holmen: Q1 results miss, but strength in Forest and Energy warrants attention

Earnings/Sales releases Holmen's Q1 results, similar to SCA's, missed street expectations. Conventional markets remain on weak footing and the war in Iran has further complicated matters. However,...

Nexans: 1Q26: Seeking exposure to the data center market

Earnings/sales releases The positive surprise comes from the division , where a margin miss in 1H is more likely due to uncertain capacity utilisation. The other divisions are performing well. We...