Stock Movers Ericsson Jumps, BASF Down, Maersk Cut
Jan 23, 2026
Chloe Melle, a Bloomberg reporter specializing in European stock analysis, joins to share insights on major market movements. Ericsson is making waves with its first-ever buyback after beating earnings forecasts, sending shares up significantly. In contrast, BASF is facing challenges with lower earnings due to currency issues and pricing pressures. Meanwhile, Maersk is downgraded due to anticipated structural overcapacity, particularly with the Red Sea shipping route set to open in 2026, which could further impact shipping rates.
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Ericsson's Turnaround Tied To AI Demand
- Ericsson beat earnings and announced its first-ever buyback, signaling a turnaround for the telecom-equipment maker.
- The company is shifting growth focus to AI-driven demand that will require upgraded networks.
Cost Cuts Help While AI Creates Future Demand
- Weak 5G spending pressured Ericsson but cost cuts and job reductions improved profitability this quarter.
- Future growth hinges on AI applications like drones and AR glasses that strain networks and drive upgrades.
BASF Hurt By Currency, Prices And Energy Costs
- BASF's earnings fell due to currency headwinds, lower product prices, and weak auto demand weighing on chemicals pricing.
- High European energy costs and excess capacity make competition with lower-cost rivals like China harder.