Diez valores que podrían subir en Bolsa con sus resultados

As the business results season commences amid uncertainty, Jefferies analysts have identified ten European stocks that could potentially surprise investors with positive earnings and add momentum to their stock prices in the Bolsa. They also pinpoint three companies that might disappoint, leading to potential market reactions. UBS highlights that, due to investor sensitivity, technological stocks are expected to exhibit high volatility, with an average fluctuation of over 7% both in Europe and the United States.

Banks, scheduled to lead the earnings season in Wall Street, are expected to see fluctuations of 3%-4%. Jefferies singles out ten European stocks likely to positively surprise investors with their financial accounts, including none from the Ibex. Among these, Computacenter is Jefferies' preferred choice for the AI infrastructure cycle investment.

The firm cites Computacenter's unique position due to its growing exposure to U.S. enterprise infrastructure and hyper-scalers' customers, two of the highest technology expenditure areas today. Heidelberg Materials is another European company Jefferies is optimistic about, as its stock trades at a low 10.6 times 2026 EPS, and with prior year growth revaluation removed, positive earnings revisions and cost savings could drive share prices up.

Alongside Computacenter and Heidelberg Materials, Jefferies identifies AstraZeneca, Beijer Ref, Euronext, InterContinental Hotels, Legrand, Sanofi, Siltronic, and Zalando as other European stocks that could potentially surprise investors with their earnings. As the new earnings season kicks off, Jefferies analysts approach each company's financial statements with high expectations, warning that Randstad, a Dutch provider of employment services, might struggle to meet market predictions.

Randstad's challenges stem from subdued demand growth, market share decline, weak operating leverage, and lower-than-expected cash flow generation. French software giant Dassault Systèmes, which has rebounded more than 20% in the last six months, and Finnish paper maker UPM-Kymmene are the other two European stocks Jefferies predicts may disappoint investors with their earnings.