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An Hour Ago
Atos shares plunge 18% after Airbus ends talks over potential cybersecurity unit acquisition
Atos shares plunged more than 18% and were halted from trading on Tuesday morning after the French IT company announced that Airbus had ended talks to buy its cybersecurity business.
As a result, Atos is rescheduling its 2023 earnings release in order to “evaluate strategic options,” the company said in a market update.
“Atos is analysing the resulting situation and actively evaluating strategic alternatives that will take into consideration the sovereign imperatives of the French state,” it said.
– Elliot Smith
10 Hours Ago
CNBC Pro: Worried about lofty valuations? Berenberg names 5 ‘top pick’ stocks in a ‘cheap’ sector
As concerns swirl about lofty stock market valuations and investors focus on AI companies, strategists at Berenberg see one sector as a relative bargain.
The investment bank pointed out that investors in that one sector outperformed the market by an average of 108% – or more than doubled their money – when they invested on three occasions in the past when valuations were similarly depressed as the current levels.
CNBC Pro subscribers can read more here.
— Ganesh Rao
10 Hours Ago
CNBC Pro: Fund manager says this software stock is set to be a ‘serious player’ in AI, gives it nearly 50% upside
One stock is a “promising AI investment” and set to be a “serious player” in a corner of the space, according to Brian Stutland of Equity Armor Investments.
“They are really starting to become very creative in the AI world,” Stutland, a portfolio manager at the firm, told CNBC’s “Street Signs Asia” this week.
CNBC Pro subscribers can read more here.
— Weizhen Tan
4 Hours Ago
European markets: Here are the opening calls
European markets are set to open lower Tuesday.
The U.K.’s FTSE 100 index is expected to open 26 points lower at 7,698, Germany’s DAX down 41 points at 17,896, France’s CAC 13 points lower at 8,138 and Italy’s FTSE MIB down 68 points at 33,347, according to data from IG.
There are no major earnings releases Monday. Germany’s ZEW survey of economic sentiment for March is set to be published.
— Holly Ellyatt
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