Stock Movers Reckitt Soars, STMicro Falls, BNP Paribas Up
Jul 24, 2025
Reckitt's shares soared to a 17-month high after promising growth in its largest brands, signaling a successful turnaround strategy. In contrast, STMicro's stock tumbled dramatically due to unexpected losses tied to restructuring charges. Meanwhile, BNP Paribas exceeded profit expectations, buoyed by strong fixed-income trading, even as equities struggled amidst US tariff-related volatility. The contrasting fortunes in the consumer goods and tech sectors spotlight the current dynamics of the market.
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Reckitt's Focus Drives Growth
- Reckitt's focused strategy on core brands like Gaviscon and Durex is driving improved performance.
- Divesting non-core units such as the essential home business signals a successful business streamline.
Banks Profit From Market Volatility
- European banks like BNP Paribas and Deutsche Bank excelled due to strong fixed income trading.
- Volatility-driven trading boosted profits, but equity trading underperformed, especially for BNP Paribas.
STMicro Faces Automotive Sector Weakness
- STMicro posted a surprise loss primarily due to restructuring costs and a weak gross margin.
- The chipmaker warned of sector challenges, notably due to automotive industry weakness impacting key customers.