Economy on 17.05.2023...
Home Depot disappointed, off to the long weekend ⤵️
For most, today is Friday and it goes on into the long weekend. I had the last few days professionally very busy, which is why times no updates have come from me. But currently the market is also very boring and moves in a fairly narrow range back and forth. The Big Techs have brought figures and the values that are still coming, will not move the market much. Although Home Depot has yesterday the DowJones well messed up.
NASDAQ shot up at the close of trading rather. Among other things, this has also $SAP
SAP ensured. They have informed about a new buyback program of nearly 5 billion and in addition they have raised the forecast for the cloud division. From a chart perspective, this also looks quite good at the moment. I am still convinced of SAP.
$HD
Home Depot, on the other hand, has disappointed somewhat. Profit and sales are down slightly. Expectations were somewhat higher. However, this is not a major blow for this battleship. It remains a boring and solid stock that you can use in your portfolio. Do you also have boring battleships in your portfolio? If so, which ones?
$PYPL
Paypal has also slipped further, but is just holding its ground and could perhaps form a bottom here. For me, there are still too many emotions in here and it was sold off in my eyes too start. I continue to think that Paypal is a strong company and has a power. The competition is getting stronger and the moat weaker. But Paypal does not sleep, invests and will continue to discover new business areas. I remain invested here for now, but know my EXIT scenario! Do you always set yourself with every investment, certain marks? Whether positive or negative?
Today still come the figures of $VNA Vonovia and $CSCO Cisco. I am very curious about that. What else happens?
Stock exchange holiday Norway | shortened stock exchange trading Sweden (until 13 o'clock)
Economic data
07:30
- FR: Unemployment rate 1Q PROGNOSED: 1st quarter: +7.1% previously: 4th quarter: 7.2%
08:00
- DE: Acea, New Car Registrations April | Building Permits March | Hotel and Restaurant Sales March
10:50
- EU: ECB, allocation of 6-day dollar tender
11:00
- EU: Consumer Prices April Eurozone PROGNOSE: +0.7% yoy/+7.0% yoy Previous estimate: +0.7% yoy/+7.0% yoy Previous: +0.9% yoy/+6.9% yoy Core Rate PROGNOSE: +1.0% yoy/+5.6% yoy Previous estimate: +1.0% yoy/+5.6% yoy Previous: +1.3% yoy/+5.7% yoy
14:30
- US: Housing Starts/Permits April Housing Starts PROGNOSE: -1.4% yoy Previous: -0.8% yoy Building Permits PROGNOSE: +1.2% yoy Previous: -8.8% yoy
16:30
- US: Crude oil inventory data (week) from the federal Energy Information Administration (EIA)
Quarterly figures / company dates USA / Asia
22:05 Cisco Systems
22:05 Applied Materials quarterly results
16:00 Mondelez AGM
Quarterly figures / corporate dates Europe
06:45 Zurich Insurance | Grand City Properties
07:00 Commerzbank | Siemens Quarterly Figures
07:30 Munich RE Quarterly Figures
07:30 Aegon Trading Update 1Q
08:00 DFV German Family Insurance
10:00 Deutsche Bank | Eon | Freenet | Fresenius SE
10:00 Kion | Aixtron | Compugroup | Software AG
10:00 Telefonica Germany | Vitesco
10:00 Vonovia | Wacker Chemie AGM
10:30 Energiekontor | Indus Holding
10:30 Klöckner & Co AGM
11:00 United Internet AGM
12:00 Synlab AGM
13:00 Stratec AGM
14:00 Morphosys HV
17:30 Just Eat Takeaway AGM
No time stated: SAP: Conclusion of the two-day product event Sapphire
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