Phillips, Shell Slump, Stellantis Cut
On this episode of Stock Movers: - European medical technology stocks have dropped after China hit back at the European Union’s restrictions on its medical device makers. Companies such as Philips, Elekta, and Siemens Healthineers are “minimally affected” because of their “strong local presence,” Jefferies analyst Julien Dormois writes in a note - Shell shares fell as much as 3.2% after the oil giant’s second-quarter update pointed to a weaker performance than anticipated, which is set to hit earnings expectations, according to analysts. RBC noted that this…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.