Portugal stocks higher at close of trade; PSI up 0.51%

Investing.com – Netherlands stocks were higher after the close on Monday, as gains in the Basic Materials, Telecoms and Financials sectors led shares higher.

At the close in Amsterdam, the AEX rose 0.78%.

The best performers of the session on the AEX were ArcelorMittal SA (AS:MT), which rose 3.94% or 1.81 points to trade at 47.79 at the close. Meanwhile, ING Groep NV (AS:INGA) added 2.14% or 0.53 points to end at 25.35 and Koninklijke KPN NV (AS:KPN) was up 1.95% or 0.08 points to 4.19 in late trade.

The worst performers of the session were CVC Capital Partners PLC (AS:CVC), which fell 1.67% or 0.25 points to trade at 14.68 at the close. Magnum Ice Cream Nv (AS:MICCT) declined 0.87% or 0.13 points to end at 14.86 and Universal Music Group NV (AS:UMG) was down 0.34% or 0.07 points to 20.61.

Rising stocks outnumbered declining ones on the Amsterdam Stock Exchange by 57 to 44 and 6 ended unchanged.

Shares in ArcelorMittal SA (AS:MT) rose to 5-year highs; rising 3.94% or 1.81 to 47.79. Shares in ING Groep NV (AS:INGA) rose to 5-year highs; gaining 2.14% or 0.53 to 25.35.

The AEX Volatility, which measures the implied volatility of AEX options, was unchanged 0.00% to 21.09.

Crude oil for March delivery was down 5.15% or 3.36 to $61.85 a barrel. Elsewhere in commodities trading, Brent oil for delivery in April fell 4.75% or 3.29 to hit $66.03 a barrel, while the April Gold Futures contract fell 0.32% or 15.31 to trade at $4,729.79 a troy ounce.

EUR/USD was unchanged 0.33% to 1.18, while EUR/GBP unchanged 0.12% to 0.86.

The US Dollar Index Futures was up 0.52% at 97.36.

Investing.com – Italy stocks were higher after the close on Monday, as gains in the Telecoms, Financials and Chemicals sectors led shares higher.

At the close in Milan, the Investing.com Italy 40 gained 0.99% to hit a new all time high.

The best performers of the session on the Investing.com Italy 40 were Bper Banca SpA (BIT:EMII), which rose 3.50% or 0.41 points to trade at 12.27 at the close. Meanwhile, Banca Popolare di Sondrio ScpA (BIT:BPSI) added 3.49% or 0.60 points to end at 17.82 and Banco Bpm SpA (BIT:BAMI) was up 3.33% or 0.42 points to 13.04 in late trade.

The worst performers of the session were DiaSorin SpA (BIT:DIAS), which fell 1.11% or 0.80 points to trade at 71.38 at the close. Davide Campari Milano SpA (BIT:CPRI) declined 0.90% or 0.05 points to end at 5.93 and Italgas SpA (BIT:IG) was down 0.69% or 0.07 points to 10.04.

Rising stocks outnumbered declining ones on the Milan Stock Exchange by 443 to 311 and 48 ended unchanged.

Shares in Bper Banca SpA (BIT:EMII) rose to 5-year highs; rising 3.50% or 0.41 to 12.27. Shares in Banca Popolare di Sondrio ScpA (BIT:BPSI) rose to all time highs; rising 3.49% or 0.60 to 17.82.

Crude oil for March delivery was down 5.17% or 3.37 to $61.84 a barrel. Elsewhere in commodities trading, Brent oil for delivery in April fell 4.75% or 3.29 to hit $66.03 a barrel, while the April Gold Futures contract fell 0.48% or 22.81 to trade at $4,722.29 a troy ounce.

EUR/USD was unchanged 0.32% to 1.18, while EUR/GBP unchanged 0.12% to 0.86.

The US Dollar Index Futures was up 0.52% at 97.36.

Investing.com – Germany stocks were higher after the close on Monday, as gains in the Software, Retail and Telecoms sectors led shares higher.

At the close in Frankfurt, the DAX gained 1.00%, while the MDAX index added 1.05%, and the TecDAX index added 0.73%.

The best performers of the session on the DAX were SAP SE (ETR:SAPG), which rose 2.66% or 4.54 points to trade at 175.10 at the close. Meanwhile, Commerzbank AG O.N. (ETR:CBKG) added 2.51% or 0.87 points to end at 35.56 and Siemens Energy AG (ETR:ENR1n) was up 2.35% or 3.40 points to 147.95 in late trade.

The worst performers of the session were Rheinmetall AG (ETR:RHMG), which fell 2.95% or 52.50 points to trade at 1,729.00 at the close. Beiersdorf AG O.N. (ETR:BEIG) declined 1.94% or 1.95 points to end at 98.50 and Symrise AG Inh. O.N. (ETR:SY1G) was down 1.58% or 1.12 points to 69.94.

The top performers on the MDAX were Delivery Hero AG (ETR:DHER) which rose 8.90% to 25.70, Puma SE (ETR:PUMG) which was up 8.41% to settle at 23.46 and Nemetschek AG O.N. (ETR:NEKG) which gained 3.99% to close at 76.90.

The worst performers were Hensoldt Ag (ETR:HAGG) which was down 5.08% to 79.40 in late trade, Redcare Pharmacy NV (ETR:RDC) which lost 3.52% to settle at 60.35 and RENK Group AG (ETR:R3NK) which was down 3.15% to 52.35 at the close.

The top performers on the TecDAX were Nemetschek AG O.N. (ETR:NEKG) which rose 3.99% to 76.90, United Internet AG NA (ETR:UTDI) which was up 2.76% to settle at 28.26 and SAP SE (ETR:SAPG) which gained 2.66% to close at 175.10.

The worst performers were Evotec AG O.N. (ETR:EVTG) which was down 5.11% to 5.90 in late trade, Hensoldt Ag (ETR:HAGG) which lost 5.08% to settle at 79.40 and SMA Solar Technology AG (ETR:S92G) which was down 2.60% to 35.94 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 406 to 235 and 25 ended unchanged.

Shares in Siemens Energy AG (ETR:ENR1n) rose to all time highs; rising 2.35% or 3.40 to 147.95.

The DAX volatility index, which measures the implied volatility of DAX options, was down 0.22% to 19.62.

Gold Futures for April delivery was down 0.53% or 25.04 to $4,720.06 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 5.14% or 3.35 to hit $61.86 a barrel, while the April Brent oil contract fell 4.73% or 3.28 to trade at $66.04 a barrel.

EUR/USD was unchanged 0.35% to 1.18, while EUR/GBP unchanged 0.13% to 0.86.

The US Dollar Index Futures was up 0.54% at 97.38.

Investing.com – France stocks were higher after the close on Monday, as gains in the Consumer Services, Basic Materials and Financials sectors led shares higher.

At the close in Paris, the CAC 40 rose 0.67%, while the SBF 120 index added 0.65%.

The best performers of the session on the CAC 40 were Danone SA (EPA:DANO), which rose 4.74% or 3.12 points to trade at 68.96 at the close. Meanwhile, ArcelorMittal SA (AS:MT) added 3.94% or 1.81 points to end at 47.79 and Accor SA (EPA:ACCP) was up 3.23% or 1.48 points to 47.34 in late trade.

The worst performers of the session were Kering SA (EPA:PRTP), which fell 2.12% or 5.60 points to trade at 258.55 at the close. LVMH Moet Hennessy Louis Vuitton SE (EPA:LVMH) declined 1.57% or 8.60 points to end at 538.30 and TotalEnergies SE (EPA:TTEF) was down 0.85% or 0.52 points to 60.63.

The top performers on the SBF 120 were Atos SE (EPA:ATOS) which rose 5.13% to 58.20, Danone SA (EPA:DANO) which was up 4.74% to settle at 68.96 and Air France KLM SA (EPA:AIRF) which gained 4.67% to close at 11.32.

The worst performers were Eramet SA (EPA:ERMT) which was down 9.69% to 66.65 in late trade, Worldline SA (EPA:WLN) which lost 5.01% to settle at 1.36 and SES (EPA:SESFd) which was down 3.47% to 6.68 at the close.

Rising stocks outnumbered declining ones on the Paris Stock Exchange by 270 to 223 and 82 ended unchanged.

Shares in ArcelorMittal SA (AS:MT) rose to 5-year highs; gaining 3.94% or 1.81 to 47.79.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was unchanged 0.00% to 18.96 a new 52-week high.

Gold Futures for April delivery was down 1.01% or 47.84 to $4,697.26 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 5.09% or 3.32 to hit $61.89 a barrel, while the April Brent oil contract fell 4.70% or 3.26 to trade at $66.06 a barrel.

EUR/USD was unchanged 0.35% to 1.18, while EUR/GBP unchanged 0.12% to 0.86.

The US Dollar Index Futures was up 0.55% at 97.39.

Investing.com -- JPMorgan downgraded Best Buy to Neutral from Overweight, saying any boost from tax-related stimulus is likely to be temporary, with limited upside beyond the near term.

Brokerage has price target of $76. JPM expects a near-term pickup in demand tied to tax stimulus, but said unique factors in 2026 could keep the stock range bound.

These include benefits from the launch of Nintendo’s Switch 2 in the second quarter and demand tied to the expiration of Windows 10 support in October, which JPM said may pull sales forward rather than support sustained growth.

The bank also flagged risks in computing, which makes up more than 35% of Best Buy’s sales. JPM said abnormal memory market conditions, with prices expected to double, are likely to weigh on computing demand. While computing has been one of Best Buy’s more consistent categories, JPM sees pressure ahead as higher component costs dampen replacement demand.

JPM lowered its fourth-quarter outlook, now modeling comparable sales down 3%, compared with the Street’s expectation for modest growth. The bank said sales did not rebound as expected in December, citing ongoing consumer uncertainty, concerns around tariffs and the labor market, and possible pullforward of demand into earlier quarters. JPM also pointed to continued weakness in TVs, which account for more than 20% of sales, and muted trends in appliances, about 11% of the mix, amid a slow housing market.

For the quarter, JPM is modeling gross margin of 21.0%, operating margin of 4.9% and earnings of $2.40 a share, below consensus expectations for earnings.

Looking beyond the near term, JPM said tougher comparisons in categories that have held up better, combined with limited support from housing, reduce confidence in a sustained recovery. While heavy short interest and tax stimulus could drive a short-term rally, the bank said it expects selling pressure to emerge at higher levels, limiting upside.

Investing.com -- ESAB Corp (NYSE:ESAB) stock tumbled 8% on Monday after the industrial compounder announced plans to acquire Eddyfi Technologies, a provider of advanced inspection and monitoring technologies, for $1.45 billion.

The acquisition, which is expected to close in mid-2026, will be funded through a combination of cash, debt, and $318 million in committed equity. ESAB said Eddyfi is projected to generate approximately $270 million in revenue and $80 million in adjusted EBITDA by 2026, or $100 million including expected synergies.

"This acquisition is a pivotal step that strengthens ESAB and sets the course for our next phase of growth," said Shyam P. Kambeyanda, President and CEO of ESAB Corporation. "With the addition of Eddyfi, ESAB becomes the unrivaled provider of a full workflow solution spanning fabrication, inspection and monitoring."

The company noted that the acquisition expands its total addressable market by approximately $5 billion and increases its exposure to high-growth sectors including aerospace and defense, nuclear, energy, and civil infrastructure. ESAB expects to unlock $20 million in synergies through integration and implementation of its Business Excellence System.

ESAB also released preliminary fourth quarter results, projecting revenue between $720-722 million and core revenue of $687-689 million. The company anticipates fourth quarter operating income of $86-88 million and diluted EPS from continuing operations of $0.81-0.83.

For full-year 2025, ESAB expects to report total revenue of approximately $2.84 billion and operating income of $411-413 million. The company projects its net leverage ratio will be less than 3.0x by year-end following the transaction.

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