Welcome to Markets Desk, your midday read on what's moving and why.
Stellantis posted a second quarter net profit of two hundred ninety three million euros, a dramatic reversal from a loss of nearly one point nine billion a year ago. Revenues came in at forty three point five billion euros, and management reaffirmed its two thousand twenty six financial guidance, signaling the automaker believes its turnaround has real legs beneath it.
Shifting to the industrial space, Veolia delivered a strong first half, with net income attributable to the group rising to six hundred eighty two million euros from six hundred fifty seven million a year prior. EBITDA climbed five percent to three point five five billion euros, and the company took the opportunity to raise its two thousand twenty six targets, a sign of growing confidence in its integration and efficiency story.
Meanwhile, JPMorgan is making the case that healthcare has been systematically overlooked in the AI-driven rally, calling it one of the market's most durable growth sectors. The bank is pointing to names like Eli Lilly, AbbVie, and Danaher as top picks, arguing the sector's fundamentals are too strong to stay in the shadow of the tech trade much longer.
That's the tape. Markets Desk, signing off the floor.
