Business on February 24, 2023…

I’ll be in Egypt on business next week—more on that below⤵️

I barely noticed what was going on in the market yesterday. Next week, I’m heading to Egypt for work. As many of you know, I work as a purchasing manager in the shipbuilding industry. I’ve been having ships built there for almost two years now, and I’d like to see it for myself. We also have a few meetings on-site, since we’re planning to build several more ships over the next few years. So it’s going to be an exciting trip for me. Yesterday, I started by picking up a few things: a tropical coverall, a ventilated helmet, and so on. In the evening, I had a few calls with people from Instagram. That’s why I really didn’t notice anything yesterday, and the numbers I’m posting now are the first time I’ve seen them myself (except for MüRück—I’d already peeked at that one). I won’t be posting here next week either. Maybe if I get bored, I’ll pick out a nice picture of something I did there and take you along for the ride. But maybe I’ll end up at some bar in the evening… who knows :D. I’m curious about Egypt Air. But now, back to the stock market:

$MAIN (-1.09%)
Main Street Capital:

missed analysts’ estimates of $0.89 in the fourth quarter with earnings per share of $0.13. Revenue of $113.88 million exceeded expectations of $104 million.

$BYND
Beyond Meat:

beat analysts’ estimates of -$1.20 with a fourth-quarter earnings per share of -$1.05. Revenue of $79.94 million exceeded expectations of $75.8 million. (Stock up 17%)

$SQ (+0%)
Block:

missed analyst estimates of $0.30 with fourth-quarter earnings per share of $0.22. Revenue of $4.65 billion exceeded expectations of $4.62 billion (stock still up 6%!!!)

$WBD (-0.85%)
Warner Bros. Discovery:

Missed analyst estimates of -$0.29 in the fourth quarter with earnings per share of -$0.86. Revenue of $11.01 billion fell short of expectations of $11.23 billion (I sold my entire position this week)

$ADSK (+0.91%)
Autodesk:

beat analysts’ estimates of $1.81 with fourth-quarter earnings per share of $1.86. Revenue of $1.32 billion exceeded expectations of $1.31 billion (also a WEB3 favorite of mine)

$INTU (+2.68%)
Intuit:

Beat analysts’ estimates of $1.47 with second-quarter earnings per share of $2.20. Revenue of $3 billion exceeded expectations of $2.91 billion

$BKNG (+1.35%)
Booking Holdings:

Beat analysts’ estimates of $22.00 with fourth-quarter earnings per share of $24.74. Revenue of $4 billion exceeded expectations of $3.9 billion.

$AMT (-0.12%)
American Tower Corp.:

In the fourth quarter, the company missed analysts’ estimates of $1.04 with earnings per share of -$1.47. Revenue of $2.71 billion exceeded expectations of $2.68 billion.

$MRNA (+185.02%)
Moderna Inc.:

missed analysts’ estimates of $4.70 with fourth-quarter earnings per share of $3.61. Revenue of $5.1 billion exceeded expectations of $5.05 billion.

$IRM (-4.5%)
Iron Mountain Inc.:

met analysts’ estimates in the fourth quarter with earnings per share of $0.43. Revenue of $1.28 billion fell short of expectations of $1.31 billion. (This is going really well for me!!!)

$HOT (-2%)
HOCHTIEF:

plans to pay a dividend of €4 per share for 2022 (previous year: €1.91, analyst forecast: €4.06); 2022 revenue is expected to be €26.2 billion (previous year: €21.38 billion (forecast: €24.9). For 2023, Hochtief is targeting an adjusted net profit of €510 to €550 million (forecast: €490 million).

$MUV2 (-1.27%)
Munich Re:

reported gross premiums of €67.13 billion in 2022 (previous year: €59.56 billion, forecast: €67.3 billion), an operating profit of €3.582 billion (previous year: €3.517 billion, forecast: €3.035 billion), investment income of €4.903 billion (previous year: €7.156 billion), and net income after minority interests of €3.432 billion (previous year: €2.933 billion). Looking ahead to 2023, the company expects a net profit of around €4.0 billion (analyst forecast: €4.022 billion). (I sold 30% of my shares at €237.90 to take some profit and ease the pressure. Due to its strong recent performance, the stock had become my largest position in the portfolio. That’s why I reduced my holdings a bit!)

$AG1 (-4.14%)
Auto1:

According to preliminary figures, Auto1 generated revenue of €6.5 billion in 2022 (previous year: +36.8%, analyst forecast: €6.6 billion), sales of 649,709 vehicles (forecast: around 660,000), and adjusted EBITDA of -€165.6 million (forecast: -€174 million).

$DTE (+1.2%)
Deutsche Telekom:

reported revenue of €29.8 billion in the fourth quarter (previous year: €28.65 billion, analyst forecast: €30.00 billion), adjusted EBITDA AL of €40.2 billion (previous year: €37.3 billion, forecast: €40.1 billion) and net income (adjusted) of €1.99 billion (previous year: €1.23 billion, forecast: €1.18 billion). Looking ahead to 2023, the company expects adjusted EBITDA AL to rise by +4% to approximately €40.8 billion (previous year: €39.3 billion).

I’ll wrap it up here, otherwise it’ll get too long. I’d love to hear your feedback on this, because otherwise I always end up posting the figures that interest me here. Maybe those aren’t the same ones that interest you. But otherwise the post gets too long and then no one will read it anymore. Just a quick note on the economic calendar. As for DAX changes, I already mentioned them in yesterday’s post. Here’s a recap:

https://app.getquin.com/activity/VpjwppEQfv?lang=de&utm_source=sharing

Economic Data (abridged version)

08:00

DE: GDP (2nd release) 4Q, calendar- and seasonally adjusted, quarter-over-quarter FORECAST: -0.2% q-o-q 1st release: -0.2% q-o-q; 3rd quarter: +0.5% q-o-q, calendar-adjusted y-o-y FORECAST: +1.1% y-o-y; 1st release: +1.1% y-o-y; 3rd quarter: +1.4% q-o-q
DE: GfK Consumer Climate Index for March FORECAST: -30.2 points; previous: -33.9 points

8:45 a.m.

FR: Consumer Confidence, February FORECAST: 81 Previous: 80

2:30 p.m.

US: Personal Spending and Income for January Personal Spending FORECAST: +1.4% MoM Previous: -0.2% MoM Personal Income FORECAST: +1.2% MoM; previous: +0.2% MoM PCE Price Index / Core Rate FORECAST: +0.5% MoM / +4.4% YoY; previous: +0.3% MoM / +4.4% YoY

4:00 p.m.

US: University of Michigan Consumer Sentiment Index (2nd survey) February FORECAST: 66.4 1st survey: 66.4 previous: 64.9
US: New Home Sales, January FORECAST: +0.6% MoM; previous: +2.3% MoM

No dates specified:

EU: Credit rating reviews for the Netherlands (Fitch); North Rhine-Westphalia (S&P); Austria (Moody’s); Austria (S&P); Sweden (Moody’s);

Quarterly Results / Corporate Announcements in Europe

7:00 a.m. BASF | Holcim Annual Results

08:00 International Consolidated Airlines

10:00 a.m. Metro Annual General Meeting (virtual)

No time specified: VW: Detmold Regional Court, ruling in the case against Volkswagen regarding the end of production of vehicles with internal combustion engines by 2030

#quartalszahlen
#boerse
#börse
#aktien
#news
#newsroom
#community
#communityfeedback
#nachrichten
#täglich
#investieren
#wirtschaft
#politik
#inflation
#fed
#rezession
#mitverstandzumkapital
#krypto
#kryptowährung
#kryptos
#cryptos
#nvidia
#etsy
#ebay
#münchnerrück
#deutschetelekom
#bookingcom
#bookingholdings
#beyondmeat
#moderna
#ironmountain

PresidentDonkey@DonkeyInvestor

3Yr

Have fun and success. Bring me a mummy!

•

Martin von mit Verstand zum Kapital@MitVerstandzumKapital

@DonkeyInvestor as far as I know, donkeys are welcome there. Feel free to come along 😉

••

@MitVerstandzumKapital unfortunately not possible. Currently chasing a few ski bunnies on the slopes, who have stolen my carrots ⛷️

@DonkeyInvestor just give me your application documents. Retraining as a pack mule in Egypt could be good for you and your future career. Carrots are not always the solution.

TomTurboInvest@TomTurboInvest

@DonkeyInvestor good that my 2 girls do not like carrots, so they were once not 🤡 Where do you hang out?

@TomTurboInvest Lucky. In Schladming

@DonkeyInvestor nice nice, if you ever get to the Zillertal, then we can times a Chairlift stock market talk, or even times at the summit carrot juice or other fizz trinken⛷️🎿

@TomTurboInvest I have been to Zillertal many times. I try to visit as many different ski resorts as possible. Therefore, the chances are rather small in the near future 😅

Krush82@Krush82

$BYND It's crazy how the market is celebrating these numbers—even though everything came in better than expected, the company is still a total disaster from a fundamental standpoint and doomed to fail @DonkeyInvestor.

Revenue is down 20.6% YoY and 3.1% QoQ. Gross margin remains negative at 3.7%. At least CoGS are falling, though not yet enough. On the positive side, OpEx is down 31.7% YoY. Operating margin is consequently “only” 82%.

Adjusted EBITDA stands at -70%.

Inventories, of course, are also declining only slightly and will require nearly three quarters of revenue before the warehouses are empty,

@Krush82 Exactly, that's all true. However, the market had previously priced in worse figures due to many events. Apparently, people were surprised by the outcome. I can't quite understand that either. Also, there is the prospect of further growth for the year and I think that exactly this outlook ensures that the share has risen so much.

All the best in Egypt! Buyer is just a great job - if you are resilient😉 And working your way through costbreakdowns is not that far away...

@TomTurboInvest yes, especially in shipbuilding, I have mega fun with it. You meet people again and again. It's an industry that has its pitfalls. You do not have so much choice, because not everyone offers these certified parts. But it's a lot of fun and I live on the coast and need the water and the ships :) Thank you

Sarah@CooleSarah

Tropical suit and helmet with ventilation... I see there as good as never, people with decent footwear running around...

@CooleSarah Yes, well, things are a little different at the shipyard. Above all, we want to meet our own standards. What others do is their business. But yes, you're right. Many people come to work just like we go on vacation. Or they don't feel like it and send their brother or older son. Already crazy. I am curious!

Cro@Cro

Have fun and bring me some gold from the pyramids 😅😂✌🏾

@Cro I do not think I will have time for it. But so bit Sightseein, would be nice of course.

Fetzen@Fetzen

I have alternative facts to $MAIN XD Earnings per share were $0.980, right?

@Fetzen maybe the difference is in the gross / net? No idea, these numbers ran so through the ticker!