04.12.2024

ARKK beats Nasdaq + China strikes back: Exports of some rare earths to the USA banned + Salesforce still somewhat more confident about the full year + Vow ASA on the verge of a breakthrough in the cruise sector + Northern Data Group plans to build a data center in the USA + JPMorgan raises target for Rheinmetall to 800 euros - 'Overweight'

ARKK $ARKK (+1.43%)beats Nasdaq - investor bets on five shares

• Ark Invest's flagship fund has recently risen five times faster than the tech index.
• Nevertheless, Cathie Wood is restructuring her portfolio and focusing on one sector in particular.
• https://www.handelsblatt.com/finanzen/anlagestrategie/trends/cathie-wood-arkk-schlaegt-nasdaq-investorin-setzt-auf-fuenf-aktien/100092080.html

China strikes back: exports of some rare earths to the USA banned

• The trade dispute between the USA and China is intensifying.
• Following the new restrictions imposed by the USA on Monday, a response was issued immediately.
• This is aimed at raw materials that are essential for the semiconductor industry and for which China has a considerable quantity.
• https://www.computerbase.de/news/wirtschaft/china-schlaegt-zurueck-exporte-von-einigen-seltenen-erden-in-die-usa-untersagt.90529/

Salesforce $CRM (+0.69%)is even more confident about the year as a whole

• SAP's industry colleague Salesforce is somewhat more confident following growth in the third quarter.
• The software specialist for customer relationship management is forecasting revenue of USD 37.8 to 38.0 billion (up to EUR 36.2 billion) for the 2024/25 financial year, which runs until the end of January.
• The operating profit margin adjusted for special effects is also expected to reach 32.9%, as the company announced on Tuesday after the close of the US stock exchange.
• This means that the lower end of the revenue range is now slightly higher than before; the margin target was raised by 0.1 percentage points.
• The shares rose by almost four percent in US after-hours trading.

Vow ASA $VOW (+4.95%)before the breakthrough in the cruise sector

• The Norwegian company Vow ASA is on the verge of a major breakthrough in the cruise sector.
• The subsidiary Scanship has agreed the main terms and conditions with a European shipyard for the delivery of advanced equipment to several cruise ships.
• The expected order value is around 500 million Norwegian kroner, with the aim of signing the final contract before the end of the year.
• This development underlines Vow's position as the market leader in wastewater treatment and waste recycling in the cruise industry.

Northern Data Group $NB2 (+1.81%)plans to build a data center in the USA

• Portfolio expansion to meet demand for AI and high-performance computing solutions
• Planned output of 120 MW with the possibility of expanding capacity up to 180 MW
• Data center will create up to 100 new jobs and strengthen the local economy

JPMorgan raises target for Rheinmetall $RHM (-0.78%)to 800 euros - 'Overweight'

• The US bank JPMorgan has raised its target price for Rheinmetall from 680 to 800 euros and left its rating at "Overweight".
• This was written by analyst David Perry on Wednesday after a closer look at Europe's fastest growing defense group. Following the latest Capital Markets Day, he raised his earnings estimates by up to 17 percent until 2027.
• Other experts had recently already raised their price targets to 820 euros.

Wednesday: Stock market dates, economic data, quarterly figures

• ex-dividend of individual stocks

Schlumberger USD 0.28

The Cigna Group USD 1.40

Proximus EUR 0.50

ageas EUR 1.50

• Quarterly figures / Company dates USA / Asia

Untimed: Foot Locker quarterly figures

• Quarterly figures / Company dates Europe

09:30 VW: Works meeting at the main plant (Wolfsburg) with CEO Oliver Blume and Labor Minister Hubertus Heil

Untimed: Siemens Annual Report

• Economic data

09:45 IT: Purchasing Managers' Index/PMI non-manufacturing November FORECAST: 51.5 previous: 52.4

09:50 FR: Purchasing Managers' Index/PMI non-manufacturing (2nd release) November PROGNOSE: 45.7 1st release: 45.7 PREV: 49.2 Total Purchasing Managers' Index (2nd release) PROGNOSE: 44.8 1st release: 44.8 PREV: 48.1

09:55 DE: Purchasing Managers' Index/PMI non-manufacturing (2nd release) November FORECAST: 49.4 1st release: 49.4 PREV: 51.6 Total Purchasing Managers' Index (2nd release) FORECAST: 47.3 1st release: 47.3 PREV: 48.6

10:00 EU: Purchasing Managers' Index/PMI non-manufacturing euro area (2nd release) November PROGNOSE: 49.2 1st release: 49.2 previous: 51.6 Total Purchasing Managers' Index (2nd release) PROGNOSE: 48.1 1st release: 48.1 previous: 50.0

10:30 UK: Purchasing Managers' Index/PMI non-manufacturing (2nd release) November PROGNOSIS: n.a. 1st release: 50.0 previous: 52.0

11:00 EU: Producer Prices October Eurozone FORECAST: +0.4% yoy/-3.2% yoy previous: -0.6% yoy/-3.4% yoy

14:15 US: ADP labor market report November private sector employment PROGNOSE: +163,000 jobs previous: +233,000 jobs

15:45 US: Purchasing Managers' Index/PMI Services (2nd release) November PROGNOSIS: 57.0 1st release: 57.0 previous: 55.0

16:00 US: Industrial New Orders October PROGNOSE: +0.2% yoy previous: -0.5% yoy

16:00 US: ISM Non-Manufacturing Index November FORECAST: 55.6 points previous: 56.0 points

19:40 US: Fed Chairman Powell to participate in discussion at New York Times Deal Book Summit

20:00 US: Fed, Beige Book

22:05 DE: Decision on possible changes in the indices of the DAX family of Deutsche Börse