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Titres en action: Beyond Meat, American Express, Johnson & Johnson…

Here is a selection of announcements that have made (or will make) move the prices of these companies:

(Come back and read us from time to time
so as not to miss an update)

The American start-up Beyond Meat (BYND, US $ 187), which makes steak and other meats from plant foods only, climbed more than 30% on Wall Street Tuesday morning, after announcing a partnership with the giant PepsiCo (PEP, US $ 141). Beyond Meat stock climbed to nearly 30% in the morning, before falling back, but was still up more than 18% to $ 187 at around 11:45 a.m. PepsiCo’s was also up, but more moderate, at 0.92%. This alliance, announced on Tuesday, should give rise to the birth of a joint venture, called The PLANeT Partnership, which will combine the technology developed by Beyond Meat to manufacture these plant products, with PepsiCo’s commercial strike force.

The credit card issuer American Express (AXP, 117, 84 $ US) managed to exceed expectations at the end of the year but its customers, the vast majority of “white-collar workers”, spent little because of teleworking due to the restrictions linked to the pandemic. The New York group, which particularly targets senior executives and the wealthy, reported net income of $ 1.44 billion in the fourth quarter of 2020, down 15% year-on-year, according to a statement released Tuesday. While adjusted earnings per share, a benchmark for US investors, of $ 1.76 is higher than expected ($ 1.31), quarterly sales fell 18% to $ 9.4 billion. It’s the same trend for the whole of 2020: Net profit more than halved to $ 3.1 billion, while revenue fell 17% to $ 36.1 billion.

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The American pharmaceutical and personal care group Johnson & Johnson (JNJ, US $ 165.98), in the home stretch of the development of its COVID-19 vaccine, on Tuesday released mixed financial results for its year 2020, slowed by sales of medical equipment. Johnson & Johnson saw its net profit decline last year by 2.7% to $ 14.7 billion, or $ 8.03 reported per share and excluding special items (-7.5%), slightly more however than the expected 8 dollars. The annual turnover increased a little, however, to 82.6 billion dollars (+ 0.6%), and is doing a little better than the 81.78 billion expected by analysts.

The American group 3M (MMM, US $ 170.39), which continues to produce masks in quantity, saw its net profit soar in the fourth quarter as in 2020 as the pandemic turned its business upside down. From October to December, for example, demand remained strong in personal protection, home improvement, cleaning, semiconductor, data center, and filtration systems for biopharmacy. , said the group in a press release Tuesday. 3M in particular tripled in 2020 its production of N95 masks, the most filtering, to deliver a total of 2 billion. Its net income jumped 43% over the period to $ 1.4 billion. On Wall Street, 3M’s share appreciated 1.5% around 7 a.m. in electronic trading before the stock market opened.

The American conglomerate General Electric (GE, US $ 10.99) returned to the green in 2020, managing to deliver strong fourth-quarter cash flow despite declining revenue, a trend he hopes to continue in 2021. On Wall Street , the action of GE soared by more than 7% at around 6 a.m. in electronic exchanges preceding the opening of the Stock Exchange. The group’s net profit amounted to $ 5.23 billion for the whole year, whereas it had lost $ 5.4 billion in 2019. In the fourth quarter alone, the conglomerate released $ 2.4 billion in net profit. However, its turnover fell 16% in 2020, to $ 79.6 billion, and 16% from October to December, to $ 21.9 billion.

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Hyundai With net profit up 78% in the fourth quarter, South Korea’s largest automaker weathered the consequences of the pandemic thanks to strong domestic sales that offset weak foreign demand. In the period October to December, the group posted a net profit of 1.380 billion won ($ 1.59 billion) compared to 772 billion won in the same period last year, he said in a statement. In the past three months, domestic sales have increased by 5%, thanks to its top-of-the-line Genesis model. For their part, foreign sales fell by 6.6%, added Hyundai, fifth manufacturer in the world, including its subsidiary. That.

The Swiss laboratory Novartis (NVS, US $ 98.47) fell on the stock market on Tuesday against a backdrop of disappointment over the outlook displayed when its annual results were published, which fluctuated according to the health crisis, the group not hoping for a return to “ normal ”than mid-2021. For fiscal 2020, the pharmaceutical giant reported a 13% increase in net profit over the previous year on its retained activities, to $ 8.1 billion (6.6 billion euros ) and an increase of 3% in its turnover, to 48.7 billion dollars, at the end of a year marked by a sawtooth evolution of its sales.

BlackBerry (BB, US $ 18.03) had no significant news to report on Monday, despite the frenzy that sent its share price surging to its highest level since October 2011. On the Toronto Stock Exchange, the software company’s stock climbed to $ 26.51, posting a 48% gain from its closing price on Friday. The stock closed the day at $ 22.92, up 28.3%. Over the past year, BlackBerry stock has traded as low as $ 3.94, but is up 73.6% in the past five sessions.

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