WINNERS & LOSERS: Chipmakers fall; Saipem wins USD2 billion contract

7. Jul 2026

(AWP Alliance News) - The following stocks are the leading risers and fallers in Europe's major stock indices on Tuesday.

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CAC 40 winners

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Pernod Ricard SA, up 4.6% at EUR65.12

Carrefour SA, up 3.6% at EUR16.49, RBC starts with 'outperform' rating

L'Oreal SA, up 2.8% at EUR387.98

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CAC 40 losers

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STMicroelectronics NV, down 5.3% at EUR60.06, European chip stocks fall after Samsung results

Schneider Electric SE, down 1.8% at EUR272.88

Safran SA, down 1.1% at EUR354.25

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DAX 40 winners

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Beiersdorf AG, up 3.2% at EUR77.76

Munich Re AG, up 2.6% at EUR509.70

Fresenius Medical Care AG, up 2.1% at EUR42.17

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DAX 40 losers

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Siemens Energy AG, down 6.8% at EUR158.52, Barclays cuts to 'underweight'

Infineon Technologies AG, down 5.5% at EUR72.93, falls amid semiconductor selloff

Siemens AG, down 2.0% at EUR275.70

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FTSE 100 winners

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Diageo PLC, up 3.2% at 1,560.75 pence

Unilever PLC, up 2.9% at 4,688.00p, Barclays ups price target

Shell PLC, up 2.7% at 2,992.00p, raises integrated gas production outlook

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FTSE 100 losers

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Polar Capital Technology Trust PLC, down 2.9% at 665.00p, technology stocks fall

Antofagasta PLC, down 2.4% at 3,811.50p, miners track gold price lower

Fresnillo PLC, down 2.3% at 2,785.50p

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MIB 40 winners

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Fincantieri Spa, up 5.0% at EUR12.93, continues to rise after acquisitions

Saipem Spa, up 3.4% at EUR4.55, wins USD2 billion contract

Campari NV, up 2.7% at EUR5.64

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MIB 40 losers

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STMicroelectronics NV, down 5.2% at EUR60.19

Prysmian Spa, down 2.6% at EUR139.63, Jefferies, Oddo BHF raise price targets

DiaSorin Spa, down 2.4% at EUR68.37

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SMI 20 winners

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Compagnie Financiere Richemont SA, up 2.1% at CHF185.88, Citi ups price target

Swiss Re AG, up 2.1% at CHF132.75

Logitech International SA, up 1.8% at CHF79.20

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SMI 20 losers

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ABB Ltd, down 2.5% at CHF84.67

UBS Group AG, down 0.1% at CHF41.87

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European stock movers in focus:

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Carrefour SA, up 3.6% at EUR16.49, 12-month range EUR11.94-EUR17.54. RBC starts coverage of the Massy, France-based grocer with an 'outperform' rating. The bank sets a price target of EUR22.00. "We like the disciplined, operationally simpler and more profit focused approach Carrefour is taking," RBC says. "It's looking more closely at its price position, sharpening focus on growth in key markets (France, Spain, Brazil) and investment plans seem sensible and accretive," it adds.

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STMicroelectronics NV, down 5.3% at EUR60.06, 12-month range EUR18.20-EUR70.85. European chipmaker stocks fall after Samsung Electronics' results overnight. The Suwon, South Korea-based consumer and industrial electronics company says operating income in the second quarter ended June 30 multiplied to KRW89.40 trillion, around USD58.47 billion, from KRW4.68 trillion in the same period a year ago. Sales more than double to KRW171.00 trillion from KRW74.57 trillion. AJ Bell analyst Dan Coatsworth says: "Although Samsung's results were stellar, investors are getting nervous about the scale of money ploughing into AI and whether it's a bubble waiting to burst."

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Siemens Energy AG, down 6.8% at EUR158.52, 12-month range EUR83.32-EUR191.66. Barclays cuts its rating on the Munich-based energy technology company to 'underweight' from 'equal-weight'. However, it increases the price target to EUR130 from EUR110.

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Shell PLC, up 2.7% at 2,992.00p, 12-month range 2,541.71p-3,758.50p. The oil major climbs as its nudges up second quarter guidance for ?integrated gas ?production, and says gas trading results were "significantly higher" than the first quarter amid the volatility caused by the Middle East war. It expects second-quarter integrated gas production of 610,000 to 650,000 barrels of oil equivalent per day, down from 909,000 boepd in the first quarter, but up from prior guidance of 580,000 to 640,000 boepd. Shell says it expects trading and optimisation in the integrated gas division to be "significantly higher" than in the first quarter. In Upstream, Shell guides for production of 1.75 million to 1.85 million boepd, lifted from 1.62 million to 1.82 million boepd before. In Marketing, Shell eyes sales volumes of 2.55 million to 2.65 million barrels per day, guidance tightened from 2.5 million to 2.7 million before, with adjusted earnings projected to be in line with the first quarter.

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Saipem Spa, up 3.4% at EUR4.55, 12-month range EUR2.17-EUR4.85. The Milan-based oilfield services company wins a contract for the engineering, procurement, construction and installation of a floating production, storage and offloading unit in Indonesia. Saipem's share of the Kutei North Hub project is worth around USD2 billion. The contract has an estimated length of four years.

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By Michael Hennessey, Alliance News reporter

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