Economy on 24.02.2023...

Next week professionally in Egypt, more dazu⤵️

Yesterday, I really hardly noticed anything from the market. Next week it goes for me professionally to Egypt. Many of you know that I work as a purchasing manager in the shipbuilding industry. For almost 2 years now, I have ships built there and now I would like to have a look at it myself. We also have a few meetings on site, because it is about some more ships in the next few years. So it's an exciting trip for me. So yesterday I first got myself a few things. A tropical overall, helmet with ventilation and so on. In the evening I had some calls with people from Instagram. That's why I really did not notice yesterday, and the numbers that I now post, I see even for the first time (except for MüRück, there I have already luschert). Next week I will not post here either. Maybe if I'm bored, I'll look for a nice picture out, which I could make there, and take you times a piece with. But maybe I end up in the evening in some bar... who knows :D. I am curious about Egypt Air. But now back to the stock market:

$MAIN
Main Street Capital:

Missed analyst estimates of $0.89 in the fourth quarter with earnings per share of $0.13. Revenue of $113.88 million beat expectations of $104 million.

$BYND
Beyond Meat:

Beats fourth-quarter analyst estimates of -$1.20 with earnings per share of -$1.05. Revenue of $79.94 million beats expectations of $75.8 million (shares up 17%)

$SQ
Block:

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

$WBD
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 below expectations of $11.23 billion (sold it all this week)

$ADSK
Autodesk:

Beat analyst estimates of $1.81 in the fourth quarter with earnings per share of $1.86. Revenue of $1.32 billion above expectations of $1.31 billion (Also a WEB3 favorite for me)

$INTU
Intuit:

Second-quarter earnings per share of $2.20 beat analyst estimates of $1.47. Revenue of $3 billion beat expectations of $2.91 billion.

$BKNG
Booking Holdings:

Beats fourth-quarter analyst estimates of $22.00 with earnings per share of $24.74. Revenue of $4 billion beats expectations of $3.9 billion.

$AMT
American Tower Corp:

Missed analyst estimates of $1.04 in the fourth quarter with earnings per share of -$1.47. Revenue of $2.71 billion exceeded expectations of $2.68 billion.

$MRNA
Moderna Inc:

Missed analyst estimates of $4.70 in the fourth quarter with earnings per share of $3.61. Revenue of $5.1 billion exceeded expectations of $5.05 billion.

$IRM
Iron Mountain Inc:

Hits fourth-quarter analyst estimates with earnings per share of $0.43. Revenue of $1.28 billion below expectations of $1.31 billion (The LUNE really tops my list!!!).

$HOT
HOCHTIEF:

Will pay dividend of €4 per share for 2022 (PY: €1.91, analyst forecast: €4.06); 2022 sales at €26.2 billion (PY: €21.38 billion (forecast: €24.9). For 2023, Hochtief targets net profit (adjusted) of €510 million to €550 million (forecast: €490 million).

$MUV2
Munich Re:

Will achieve gross premiums of €67.13 billion in 2022 (PY: €59.56 billion, forecast: €67.3 billion), an operating result of €3.582 billion (PY: €3.517 billion, forecast: €3.035 billion), an investment result of €4.903 billion (PY: €7.156 billion), and a net profit after minorities of €3.432 billion (PY: €2.933 billion). In the outlook for 2023, the company expects a net profit of around €4.0 billion (analyst forecast: €4.022 billion). (I have 30% of my shares still sold at € 237.90, to take some profit and pressure out. The share was in the portfolio, by the high performance in recent times, the largest position with me. Therefore somewhat reduced!)

$AG1
Auto1:

Reaches 2022 revenues of €6.5 billion according to preliminary figures (PY: +36.8%, analyst forecast: €6.6 billion), sales of 649,709 vehicles (forecast: around 660,000) and Ebitda (adjusted) of -€165.6 million (forecast: -€174 million).

$DTE
Deutsche Telekom:

Reports Q4 revenue of €29.8 billion (PY: €28.65 billion, analyst forecast: €30.00 billion), Ebitda AL (adjusted) of €40.2 billion (PY: €37.3 billion, forecast: €40.1 billion) and net profit (adjusted) of €1.99 billion (PY: €1.23 billion, forecast: €1.18 billion). In the outlook for 2023, the company expects Ebitda AL (adjusted) of +4% to around €40.8 billion (PY: €39.3 billion).

That's enough now, otherwise it will be too much. I'd like to get some feedback on this, because otherwise I always end up with the values that interest me. Maybe they are not the same ones that interest you. But otherwise the post will be too big and then no one reads it anymore. Still briefly to the economic dates. DAX changes, I have already announced in yesterday's post. Here again to look:

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

Economic data (shortened version)

08:00

• DE: GDP (2nd release) 4Q calendar and seasonally adjusted yoy PROGNOSIS: -0.2% yoy 1st release: -0.2% yoy 3rd quarter: +0.5% yoy calendar-adjusted PROGNOSIS: +1.1% yoy 1st release: +1.1% yoy 3rd quarter: +1.4% yoy
• DE: GfK Consumer Climate Indicator March PROGNOSIS: -30.2 points previous: -33.9 points

08:45

• FR: Consumer confidence February PROGNOSIS: 81 previously: 80

14:30

• US: Personal Spending and Income January Personal Spending PROGNOSE: +1.4% yoy previously: -0.2% yoy Personal Income PROGNOSE: +1.2% yoy previous: +0.2% yoy PCE price index / core rate PROGNOSE: +0.5% yoy/+4.4% yoy previous: +0.3% yoy/+4.4% yoy

16:00

• US: Consumer Sentiment Index Uni Michigan (2nd survey) February PROGNOSIS: 66.4 1st survey: 66.4 previously: 64.9
• US: New home sales January PROGNOSIS: +0.6% yoy previous: +2.3% yoy

Untimed:

• EU: rating review for Netherlands (Fitch); North Rhine-Westphalia (S&P); Austria (Moody's); Austria (S&P); Sweden (Moody's);

Quarterly figures / corporate dates Europe

07:00 BASF | Holcim annual results

08:00 International Consolidated Airlines

10:00 Metro AGM (virtual)

No time stated: VW: Detmold Regional Court, ruling in proceedings against Volkswagen on 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
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#nvidia
#etsy
#ebay
#münchnerrück
#deutschetelekom
#bookingcom
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#beyondmeat
#moderna
#ironmountain

Economy on 04.05.2023...

FED as expected, SBUX 📉, Apple delivers figures ⤵️

As expected, the FED delivers the 25 basis points and the market had long since priced in. Short peak high, immediately down again and back on the road! So the big surprise, as expected failed to materialize. Let's see how the market reacts in the next few days so. This week was so far, despite the quarterly figures, not sooo exciting. I continue to feel safe with cash and continue to build it. There are already some exciting courses, where you could strike, but I look at it this week still a bit.

At $SBUX
Starbucks there was some profit taking. The stock had hit an ATH the week before and after the good numbers, people were expecting a guidance increase. Since this did not come, there was some profit taking. Share has fallen yesterday over 9%!

Today then still follows the ECB with your new interest rate decision. Also $AAPL
Apple delivers today still figures. am curious how the share will react in this market environment. Also many EU values now begin to report the figures. Remain for the time being further on the sidelines and let everything run. Only my crypto savings plans BTC and ETH, continue to run weekly. Are you already in a buying mood or are you also still holding back?

Stock market holiday Japan

Economic data

08:00

• DE: March trade balance seasonally adjusted trade balance PROGNOSE: +19.0 bn euro previous: +16.0 bn euro Exports (real, seasonally adjusted) PROGNOSE: -0.9% yoy previous: +4.0% yoy Imports (real, seasonally adjusted) PROGNOSE: -0.5% yoy previous: +4.6% yoy

09:45

• IT: Purchasing Managers' Index/PMI non-manufacturing April PROGNOSIS: 56.5 previous: 55.7

09:50

• FR: Purchasing Managers' Index/PMI Non-Manufacturing (2nd release) April PROGNOSIS: 56.3 1st release: 56.3 previous: 53.9

09:55

• DE: Purchasing Managers' Index/PMI non-manufacturing industry (2nd release) April PROGNOSIS: 55.7 1st release: 55.7 previous: 53.7 Purchasing managers' index, total (2nd release) PROGNOSIS: 53.9 1st release: 53.9 previous: 52.6

10:00

• EU: Purchasing Managers' Index/PMI non-manufacturing Eurozone (2nd release) April PROGNOSIS: 56.6 1st release: 56.6 previous: 55.0 Purchasing managers' index, total (2nd release) PROGNOSIS: 54.4 1st release: 54.4 previous: 53.7

10:30

• UK: Purchasing Managers' Index/PMI Non-Manufacturing (2nd release) April PROGNOSIS: 54.9 1st release: 54.9 previously: 52.9
  

11:00

• EU: Producer prices March Eurozone PROGNOSIS: -1.8% yoy/+ 6.1% yoy previously: -0.5% yoy/+13.2% yoy

14:15

• EU: ECB, outcome of Council meeting Main refinancing rate PROGNOSIS: 3.75% previously: 3.50% Deposit rate PROGNOSIS: 3.25% previously: 3.00%

14:30

• US: Initial jobless claims (week) PROGNOSIS: 236,000 previously: 230,000
• US: Trade Balance March PROGNOSIS: -63.1 billion USD previously: -70.54 billion USD
• US: Productivity ex agriculture (1st release) 1Q PROGNOSE: +1.9% yoy 4Q: +3.0% yoy
  

14:45

• EU: ECB, PK after Council meeting

Without time information

• DE: New passenger car registrations, April

ex-dividend individual stocks

Mercedes-Benz 5.20 EUR

Hannover Re 6.00 EUR

Quarterly figures / Company dates USA / Asia

12:30 Intercontinental Exchange Group

13:00 Conocophillips quarterly figures

22:00 Booking Holdings

22:00 Expedia Group

22:00 American International Group

22:30 Apple quarterly figures

Untimed:

Lyft | Hyatt | Stanley Black & Decker

BorgWarner Quarterly figures

Quarterly figures / Company dates Europe

06:45 Basler | Equinor ASA Quarterly Figures

07:00 Fraport | Rational | Vonovia | Zalando

07:00 Kontron | Arcelormittal | Capgemini

07:00 Anheuser-Busch | Swiss Re

07:10 Elmos Semiconductor Quarterly Figures

07:30 BMW | Volkswagen | Henkel | Hugo Boss

07:30 Infineon | Rheinmetall | Scout24

07:30 Befesa Earnings 1Q

07:30 Novo Nordisk | Cliq Digital | Deutz | Uniper

07:55 PVA TePla Quarterly Figures

08:00 Shell | RTL Group | New Work | Washtec

08:00 A.P. Moeller-Maersk Quarterly Figures

10:00 Allianz | Deutsche Post| RWE AGM

10:00 Qiagen PK on 1Q results

10:30 Talanx AGM

14:00 Ferrari quarterly figures

18:00 Freenet quarterly figures

No time stated: Equinor | Telenor quarterly figures

#quartalszahlen
#boerse
#börse
#aktien
#news
#newsroom
#community
#communityfeedback
#nachrichten
#täglich
#investieren
#wirtschaft
#politik
#inflation
#fed
#rezession
#mitverstandzumkapital
#fed
#krypto
#kryptowährung
#bitcoin
#ethereum
#solana
#zinsen
#ezb
#dax
#inflation
#urlaub
#instagram
#zinserhöhung
#zinsschritt
#apple
#infineon
#rheinmetall
#rational
#vonovia
#bookingholdings

Economy on 23.02.2023...

Many numbers and Indexänderungen⤵️

Yesterday, after-hours, some numbers came in. I will go into more detail in a moment. Most important was each the FED protocol. There was then again clear that further interest rate hikes will come. These are then also announced in the next Fed meeting. On it, the stock market has also reacted slightly. Let's see if the impact continues today. Actually, it was nothing new. Otherwise, the markets start today relatively friendly. Also in the crypto sector, we had only 3 steps forward, then in recent days again 2 steps back and now again 3 steps forward? On the stock market you learn especially that 2+2=4 is not true, but 2-1+2-1+2=4!

On Monday some changes in the Indizies stand to. here times in the overview, which happens:

DAX

RECORD: $CBK Commerzbank

EXCEPTION: $LIN Linde

MDAX

UPDATE: $NDX1 Nordex

OUTPUT: $CBK Commerzbank

SDAX

RECORD: $DBAN Deutsche Beteiligungs AG OUTPUT: $NDX1 Nordex

EURO-STOXX-50:

RECORD: $UCG Unicredit

OUTPUT: $LIN Linde

STOXX-50

RECORD: $SAF Saffron

OUTPUT: $LIN Linde

STOXX-Europe 600

RECORD: $SINCH Sinch

OUTPUT: $LIN Linde

Then there were some very interesting figures to report. I'll list the most important ones here:

$NVDA
Nvidia:

reported 4th Quarter January 2023 earnings of $0.88 per share. The consensus earnings estimate was $0.81 per share on revenue of $6.0 billion. The Earnings Whisper number was $0.85 per share.

$ETSY
Etsy:

Missed analyst estimates of $0.80 in the fourth quarter with earnings per share of $0.77. Revenue of $807.2 million exceeded expectations of $754.31 million.

$EBAY
eBay:

Beats fourth-quarter analyst estimates of $1.06 with earnings per share of $1.07. Revenue of $2.5 billion beats expectations of $2.46 billion.

$INTC
Intel:

Lowers quarterly dividend to 12.5 cents (previously: 36.5 cents, analyst forecast: 36.5 cents) and reaffirms Q1 guidance.

$GRMN
Garmin Ltd:

Surpassed analyst estimates of $1.19 in fourth-quarter earnings per share of $1.35. Revenue of $1.31 billion beat expectations of $1.3 billion.

$OSTK
Overstock.com Inc:

Missed analyst estimates of $0.03 in the fourth quarter with earnings per share of -$0.04. Revenue of $404.89 million below expectations of $448.92 million (competes with Home24 and HomeDepot)

$SM
M Energy:

Beat analyst estimates of $1.25 in the fourth quarter with earnings per share of $2.09. Revenue of $671.32 million exceeded expectations of $572.52 million.

$UNITY
Unity Software:

Beat analyst estimates of $0.01 in the fourth quarter with earnings per share of $0.03. Revenue of $451 million beat expectations of $434.7 million (Was always a favorite for me for WEB3)

$TDOC
Teladoc Health:

Beat analyst estimates of -$0.25 in the fourth quarter with earnings per share of -$0.23. Revenue of $637.7m exceeded expectations of $633.4m.

$O2D
Telefónica Germany:

Posts Q4 revenues of €2.2 billion (PY: €2.06 billion, analyst forecast: €2.1 billion), Ebitda (adjusted) of €667 million (PY: €624 million, forecast: €644 million) and net income of €125 million (PY: €67 million, forecast: €19 million). Proposed dividend for 2022 of €0.18 per share (PY: €0.18). In the outlook for 2023, Telefónica Deutschland expects revenue growth in the low single-digit percentage range, an investment ratio of 14% (PY: 14.7%) and Ebitda growth in the low single-digit percentage range.

Today mostly German/EU numbers are coming but what I'm also interested in is Alibaba!!! These usually come around noon.

Japan stock market holiday

Economic data (abbreviated version)

08:00

• DE: Development of energy prices 2022

11:00

• EU: Consumer prices January Eurozone PROGNOSIS: -0.2% yoy/+8.6% yoy Previous estimate: -0.4% yoy/+8.5% yoy Previous: -0.4% yoy/+9.2% yoy Core rate PROGNOSIS: +5.2% yoy Previous estimate: -0.8% yoy/+5.2% yoy Previous: +0.6% yoy/+5.2% yoy

12:00

• DE: ECB, publication of 2022 balance sheet

14:30

• US: GDP (2nd release) 4Q annualized PROGNOSIS: +2.9% yoy 1st release: +2.9% yoy 3rd quarter: +3.2% yoy GDP deflator PROGNOSIS: +3.5% yoy 1st release: +3.5% yoy 3rd quarter: +4.4% yoy
• US: Initial jobless claims (week) PROGNOSIS: 197,000 previous: 194,000

Quarterly figures / Company dates USA / Asia

22:05 Booking Holdings quarterly results

No time stated: Moderna | Alibaba quarterly figures

Quarterly figures / company dates Europe

07:00 Deutsche Telekom | Gerresheimer

07:00 Heidelbergcement | Knorr-Bremse

07:00 Vitesco | Axa | Essilor-Luxottica | Krones

07:30 Dürr | Hensoldt | Munich Re | Telefonica

07:30 Auto1 | Indus Holding | Bouygues

07:45 Eni SpA Annual Results and Capital Markets Day with Presentation of Strategic Plan 2023-2026

08:00 New Work | Anglo American| Wintershall Dea

08:00 BAE Systems | Rolls-Royce Annual Results

15:00 Hochtief annual results (3 p.m. BI-PK)

18:00 Freenet Annual Results

18:05 Saint-Gobain annual result

No time stated: Valeo | Annual results

#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
#alibaba
#bookingcom
#bookingholdings
#intel
#garmin
#unity

Economy on 03.11.2023...

Yesterday there was a flood of numbers. Let's see ⤵️

During the day and after-hours, some quarterly figures came in yesterday. I am curious to see how the market reacts to these. Since yesterday was generally a good day, which came but certainly more by the FED call, could today on the positive numbers also times a few profit-taking occur. Later we will know more:

$AAPL
Apple beat analyst estimates of $1.39 in the fourth quarter with earnings per share of $1.46. Revenue of $89.5 billion exceeded expectations of $89.34 billion.

• Apple iPhone sales in the fourth quarter at $43.8 billion (consensus $43.4 billion, year ago $42.6 billion).
• Apple service revenue in the fourth quarter at $22.3 billion (consensus $21.6 billion, prior year $19.2 billion).
• Apple Mac revenue in the fourth quarter at $7.6 billion (consensus 8.8 billion, previous year 11.5 billion).
• Apple iPad revenue in the fourth quarter at $6.4 billion (consensus 5.9 billion, previous year 7.2 billion).

Apple expects first-quarter revenue to be similar to the year-ago quarter (117.2 billion), which would be below the current consensus (123.3 billion).

In the conference call Apple announced that they have one billion subscriptions across all services and that 66% of all students use a Mac.

$NOVO B
Novo Nordisk posted Q1-3 revenue of DKK 166.39bn (PY: DKK 128.86bn), Ebit of DKK 75.80bn (PY: DKK 57.72bn) and net income of DKK 61.72bn (PY: DKK 41.93bn). On October 13, the outlook for 2023 was raised, with revenue and operating profit growth at constant exchange rates now expected to be 32-38% and 40-46%, respectively. Sales and operating profit growth in Danish kroner are now expected to be 4 and 7 percentage points lower, respectively, than at constant exchange rates.

$SQ
Block third-quarter earnings per share of $0.55 beat analyst estimates of $0.47. Revenue of $5.62 billion exceeded expectations of $5.42 billion.

$PLTR
Palantir Technologies Inc. registered shares o.N. third-quarter earnings per share of $0.07 beat analyst estimates of $0.06. Revenue of $558 million exceeded expectations of $555.71 million.

$SHOP
Shopify Inc. beat analyst estimates of $0.14 with third-quarter earnings per share of $0.24. Revenue of $1.7 billion beat expectations of $1.67 billion.

$SBUX
Starbucks Corp. beat fourth-quarter analyst estimates of $0.97 with earnings per share of $1.06. Revenue of $9.4 billion beat expectations of $9.29 billion.

$NET
Cloudflare Inc. beat analyst estimates of $0, 10 in the third quarter with earnings per share of $0.16. Revenue of $335.6 million beat expectations of $330.51 million.

$COIN
Coinbase Global beats third-quarter analyst estimates of -$0.55 with earnings per share of -$0.01. Revenue of $674, 15 million beats expectations of $650.97 million.

$LHA
Lufthansa posts Q3 revenue of €10.27 billion (PY: €9.53 billion, analyst forecast: €10.84 billion), Ebit (adjusted) of €1.46 billion (PY: €1.12 billion, forecast: €1.43 billion), adjusted cash flow of €592 million (forecast: €677 million) and net profit of €1.19 billion (PY: €809 million, forecast: €1.03 billion). In the outlook for 2023, management continues to expect Ebit (adjusted) of at least €2.6 billion (forecast: €2.68 billion) and confirms the targets for 2024.

$BOSS
HUGO BOSS achieved sales of €1.03 billion in the 3rd quarter (PY: €933 million, analyst forecast: €1.02 billion), EBIT of €103 million (PY: €92 million, forecast: €100.5 million) and net income of €63 million (PY: €58 million, forecast: €65.9 million). Outlook for 2023 confirmed

Overview of the last trading day of the week:

Japan stock exchange holiday | shortened stock exchange trading Sweden (until 1 p.m.)

Economic data

08:00

• DE: Trade balance September Trade balance calendar and seasonally adjusted PROGNOSE: +15.2 bn euro previous: +16.6 bn euro Exports PROGNOSE: -2.0% yoy previous: -1.2% yoy Imports PROGNOSE: -1.3% yoy previous: -0.4% yoy

08:45

• FR: Industrial Production October PROGNOSE: +0.2% yoy previous: -0.3% yoy

11:00

• EU: Labor market data September Eurozone unemployment rate PROGNOSE: 6.5% previously: 6.4%

13:30

• US: Labor Market Data October Employment ex Agriculture PROGNOSE: +170,000 yoy previous: +336,000 yoy Unemployment rate PROGNOSE: 3.8% previous: 3.8% Average hourly earnings PROGNOSE: +0.3% yoy/+4.0% yoy previous: +0.2% yoy/+4.2% yoy

14:45

• US: Purchasing Managers' Index/PMI Service (2nd release) October PROGNOSIS: 50.9 1st release: 50.9 previous: 50.1

15:00

• US: ISM non-manufacturing index October PROGNOSIS: 53.0 points previously: 53.6 points

17:00

• US: Fed Minneapolis President Kashkari (2023 FOMC voting member) to participate in Econ Club of Minnesota leadership circle discussion

Without time

• DE: German Finance Minister Lindner, trip to Latvia, Estonia and Lithuania
• UK: German Economics Minister Habeck, talks on UK-German energy cooperation, London
• EU: Rating review for Denmark (Fitch); Norway (Moody's); Romania (Moody's); Switzerland (Fitch);

ex-dividend of individual stocks

PEOPLES BANCORP INC 0.3672 EUR

UNITED STATES STEEL CORPORATION 0.047 EUR

Quarterly figures / Corporate dates Europe

06:30 Societe Generale quarterly figures

07:00 BMW | Kontron | Swiss Re | Krones | Vonovia | Raiffeisen Bank International quarterly figures

08:00 A.P. Moeller-Maersk quarterly figures

09:00 Adecco Investor Day in London

10:00 BMW PK (2 p.m. analyst conference)

13:00 Intesa Sanpaolo quarterly figures

No time stated: Solvay quarterly figures

#quartalszahlen
#boerse
#börse
#aktien
#news
#newsroom
#community
#communityfeedback
#nachrichten
#täglich
#investieren
#wirtschaft
#politik
#inflation
#fed
#rezession
#mitverstandzumkapital
#krypto
#kryptowährung
#bitcoin
#ethereum
#solana
#zinsen
#ezb
#dax
#inflation
#dividende
#paypal
#airbnb
#qualcomm
#kraftheinz
#mondelez
#etsy
#apple
#starbucks
#lufthansa
#hugoboss
#bookingholdings
#bookingcom

Economy on 02.11.2023...

The day after FED! Paypal and Qualcomm delivers Zahlen⤵️

Yesterday it was then again so far. The Fed has announced that the interest rates currently remain stable and will not be further increased for the time being. But they also said that they now want to think again from meeting to meeting and reassess each time. The goal with the 2% inflation, remains further the goal.

19:00 - The Fed leaves the key interest rate as expected in the range of 5.25-5.5 percent.

19:40 - Fed Chairman Powell calls monetary policy "restrictive." He says the effects of tightening have not yet fully filtered through to the economy.

8:15 p.m. - Powell: Wage growth has cooled significantly over the last 18 months. I don't think wages are a primary driver of inflation.

8:30 pm - Markets are not buying Powell's view that the outcome of the December meeting remains wide open, and are largely pricing out a possible rate hike. According to STIRs, the probability is now only about 17 percent, down from 21 percent before the rate decision and 29 percent yesterday.

So interviews, by the members of the FED, would again speak out for interest rate hikes, the markets again tremble. This has happened in the past more often and it was thought that there could be further increases this year. Now the market is probably pricing this out....

Let's look at the most important quarterly figures from yesterday. There were again a few important ones:

$PYPL
PayPal Holdings beat analyst estimates of $1.23 in the third quarter with earnings per share of $1.30. Revenue of $7.42 billion above expectations of $7.38 billion.Revenue is up, but margins are down a bit again and so is the number of active users. So I value these numbers, very mixed, but also believe that you have reached the bottom there now as well. The numbers are now not so bad that it would justify another wave of sales.

$QCOM
Qualcomm exceeds analyst estimates of $1.91 in the fourth quarter with earnings per share of $2.02. Sales of $8.67 billion above expectations of $8.51 billion.

$SEDG
SolarEdge Technologies misses analyst estimates of $0.83 in the third quarter with earnings per share of $0.55. Revenue of $725.31 million below expectations of $769.19 million.

$KHC
Kraft Heinz Co. the third-quarter earnings per share of $0.72 beat analyst estimates of $0.66. Revenue of $6.57 billion below expectations of $6.72 billion.

$ETSY
Etsy beat analyst estimates of $0.50 in the third quarter with earnings per share of $0.64. Revenue of $636.3 million exceeded expectations of $631.27 million.

$CVS
CVS Health Corp. third-quarter earnings per share of $2.21 beat analyst estimates of $2.13. Revenue of $89.76 billion exceeded expectations of $88.29 billion.

And today we continue with exciting numbers. Let's take a step-by-step look at the trading day:

Economic Data

08:00

• DE: Employment September

08:30

• CH: Consumer Prices October Forecast: +0.1% yoy/+1.7% yoy Previously: -0.1% yoy/+1.7% yoy

09:45

• IT: Purchasing Managers' Index/PMI Manufacturing October Forecast: 46.3 Previous: 46.8

09:50

• FR: Purchasing Managers' Index/PMI Manufacturing (2nd release) October Forecast: 46.3 1st release: 42.6 Previous: 46.8

09:55

• DE: Labor Market Data October Unemployment Rate seasonally adjusted Forecast: +15,000 yoy Previous: +10,000 yoy Unemployment Rate seasonally adjusted Forecast: 5.8% Previous: 5.7%

09:55

• DE: Purchasing Managers' Index/PMI Manufacturing (2nd release) October Forecast: 40.7 Previous: 39.6

10:00

• EU: Purchasing Managers' Index/PMI Manufacturing Eurozone (2nd release) October Forecast: 43.0 Previously: 43.4

10:30

• UK: Purchasing Managers' Index/PMI Manufacturing (2nd release) October Forecast: n/a 1st release: 45.2 Previous: 44.3

13:00

• UK: BoE, Outcome and Minutes of the Monetary Policy Council Meeting and Monetary Policy Report Bank Rate Forecast: 5.25% Previous: 5.25%

13:30

• US: Initial jobless claims (week) Forecast: 214,000 Previous: 210,000
• US: Productivity ex agriculture (1st release) 3Q Annualized +4.3% yoy 2Q: +3.5% yoy Unit labor costs +0.7% yoy 2Q: +2.2% yoy

15:00

• US: Industrial new orders September Forecast: +2.5% yoy Previous: +1.2% yoy

ex-dividend individual stocks

RENISHAW PLC 0.6833 EUR

Quarterly figures / Company dates USA / Asia

12:00 $SBUX
Starbucks annual results

13:00 Conocophillips quarterly figures

13:30 Eli Lilly quarterly figures

14:00 Intercontinental Exchange Group quarterly figures

21:00 $BKNG
Booking Holdings

22:00 Expedia Group quarterly figures

21:30 $AAPL
Apple annual results

Quarterly figures / Company dates Europe

06:45 Adecco quarterly figures

07:00 Deutsche Lufthansa | Fresenius SE

07:00 Axa | ING Groep Quarterly Figures

07:30 Hugo Boss | Scout24 | Novo Nordisk

07:30 Andritz | Bike24 | Cliq Digital | Drägerwerk

07:30 Pfeiffer Vacuum | SGL Carbon Quarterly Figures

07:55 PVA TePla Quarterly Figures

08:00 Deutsche Beteiligungs AG| Verbund | BT Group

08:00 Shell | Washtec Quarterly Figures

08:00 DE: Employment September

09:00 Zalando PK on quarterly figures

(09:30 Analyst conference)

11:00 Heidelberg Materials quarterly figures

(14:00 analyst conference)

14:00 Ferrari quarterly figures

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Economy on 05.05.2023...

Into the WE with good numbers from Apple, right? ⤵️

Yes, the numbers from $AAPL
Apple, did exceed expectations, but they were also quite low. Apple's revenue is down 3% year-over-year and will also end 2023 with a decline from 2022. But again I say, for me the tech industry comparisons to 2021/2021 are very limp. In some cases, it was not possible to deliver, raw materials were not available or had to pay significantly more for them, and suppliers had the same problems. What really started in 2022 and only became apparent later is continuing and is now more and more visible in the figures.

Apple sales in the second quarter: iPhone 51.33 billion, Mac 7.17 billion, iPad 6.67 billion, Services 20.91 billion, Products 73.93 billion, Greater China 17.81 billion.

Apple also launches a $90 billion share buyback program and raises dividend by 4.3%. Apple could afford to do much more, but in my opinion it is doing it right. Small steps and invest more in growth (which of course is becoming increasingly difficult). It remains exciting!

Further interesting were yesterday $SHOP
Shopifywhich rose over 25%, $DDOG
Datadog with +15% and there were also some disappointments like $PARA
Paramount, $PTON
Peloton, $BKNG
Booking Holdings, $VNA
Vonovia and so on. So not everything is shining at the moment. Vonovia continues to record heavy losses and is now selling 5 projects for just under € 560 million. Rising interest rates and declining sales, continue to create strong here, even if the demand for housing continues to be strong and rents are still rising slightly on average. I will use the Kriese to expand my position still something. I have now also added to Paypal again at the level. Technically, I like the chart currently very much and next week, we know more about the fundamental side! What do you currently have so on the screen, or which dip have you bought or plan to buy it?

What is today (figures from MüRück interest me very much) to the weekend still so:

Stock market holiday in Denmark, Japan and South Korea

Economic data

08:00

• DE: Incoming orders March seasonally adjusted PROGNOSIS: -2.0% yoy previous: +4.8% yoy
• DE: Sales in the service sector February

08:30

• CH: Consumer Prices April PROGNOSIS: +0.2% yoy/+2.8% yoy previous: +0.2% yoy/+2.9% yoy
  

08:45

• FR: Industrial Production PROGNOSE: -0.5% yoy previous: +1.2% yoy

10:00

• EU: ECB, Publication of the Results of the Business Survey
• EU: ECB, publication of the results of the Survey of Professional Forcasters

11:00

• EU: Retail Sales March Eurozone PROGNOSIS: 0.0% yoy previous: -0.8% yoy

14:30

• US: Labor market data April employment ex agriculture PROGNOSE: +180,000 yoy previous: +236,000 yoy Unemployment rate PROGNOSE: 3.6% previous: 3.5% Average hourly earnings PROGNOSE: +0.3% yoy/+4.2% yoy previous: +0.3% yoy/+4.2% yoy

21:00

• US: Consumer Credit March

Without time data

• EU: Rating review for Sweden (S&P);

EFSF (Fitch); ESM (Fitch); Norway (Moody's);

Romania (Moody's); Switzerland (Fitch);

ex-dividend of individual stocks

Allianz 11.40 EUR

Alstria Office 0.06 EUR

Deutsche Post 1.85 EUR

RWE 0.90 EUR

Softing 0.10 EUR

Talanx 2.00 EUR

Quarterly figures / Company dates USA / Asia

12:30 Cigna Quarterly Figures

Quarterly Figures / Company Dates Europe

07:00 Krones | Clariant Quarterly Figures

07:15 Air France-KLM Quarterly Figures

07:30 Adidas | Gea Group | SGL Carbon Quarterly Figures

08:00 International Consolidated Airlines Quarterly Figures

09:00 Audi AG Quarterly Figures

10:00 Munich Re | Drägerwerk | Knorr-Bremse

10:00 Siltronic AGM

10:00 Vantage Towers AG, ao AGM with vote on control and profit transfer agreement with major shareholder Oak Holdings (joint venture of Vodafone, GIP and KKR)

13:00 Intesa Sanpaolo quarterly figures

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