$SAP (-14.87%)

Hi there,

SAP down 16% or so today, what's going on? Otherwise a bit attractive to enter with the crash.

Best regards

🐿️😘

There is an interesting commentary in the Handelsblatt today, which I would like to share here (in excerpts).

SAP and Microsoft show what the stock markets are really like

SAP $SAP (-14.87%) publishes good figures for the past year and gives a strong outlook. Only the high growth in the cloud division disappoints the high expectations. The share price promptly falls by 15 percent.

Just like SAP, Microsoft also proves $MSFT (-4.9%)proves that excellent results are no longer enough. The heavyweight loses seven percent. This means that the equivalent of 200 billion euros in stock market value was destroyed in one fell swoop, enough to buy a DAX company the size of Siemens. $SIE (+2.59%) could be bought.

The dotcom bubble began to burst in a similarly turbulent fashion shortly after the turn of the millennium, when companies that were popular with investors at the time, such as Cisco $CSCO (-0.62%)Nokia and AOL were no longer able to meet the ever-increasing expectations.

Now it can be argued that today's high-flyers, unlike the companies of that time, are generating much higher profits in the billions. Shares such as SAP, Microsoft and a number of other popular technology stocks are nowhere near as insanely high as they were back then. However, this does not mean the all-clear for two reasons.

Firstly, many shares in other sectors outside the technology industry are now highly valued after years of very strong stock market gains. This makes the stock markets as a whole vulnerable.

Secondly, there is another serious problem: the flight from the dollar. The world's leading currency is losing value because America is losing investor confidence. The price of gold, which has risen by 100 percent in just one year, is a dramatic sign of these concerns.

In any case, the sharp falls in the share prices of SAP and Microsoft show that shareholders are no longer looking for good news in company balance sheets, as has been the case in recent years, and using this as an opportunity to buy more shares. Instead, the slightest blemishes are causing them to sell shares. This is not a good sign for the state of the stock markets.

Source text (excerpt) & image: Handelsblatt, 29.01.26

I am looking forward to your opinions (there has already been a lot written about the current price reactions in the community).

sap I would be careful again, ki here ki there it is (has been) overvalued anyway, but the competition is strong and the market shares are simply divided up $ORCL (-2.69%)
$NOW (-5.57%)
$CRM (-4.71%) and $SAP (-14.87%) up.

A little wait and see is required, I think, whether Ki can really be monetized as well as expected, because otherwise it is no longer a Ki hype title. $CRM (-4.71%)

$SAP (-14.87%)

What do you think is currently a good start?

Greetings

Plossi 🐴

$RYA (+0.87%)
$UNH (-0.5%)
$GM (+1.27%)
$RTX (-0.08%)
$UPS (+2.14%)
$UNP (+2.47%)
$NOC (+1.24%)
$BA (-3.25%)
$MC (+0.85%)
$TXN (+1.22%)
$STX (+1.63%)
$SSAB A (-2.96%)
$ASML (+0.89%)
$GEV (+0.08%)
$SBUX (-1.46%)
$T (+4.28%)
$GD (-2.69%)
$MSCI (-0.27%)
$META (+0.67%)
$NOW (-5.57%)
$IBM (-3.3%)
$LRCX (+0.69%)
$TSLA (-6.08%)
$MSFT (-4.9%)
$000660
$005930
$SAP (-14.87%)
$ABBN (+9.32%)
$DBK (-1.25%)
$ROG (+5.02%)
$DOW (-1.73%)
$NDAQ (-1.74%)
$LMT (+4.2%)
$CAT (+3.07%)
$TMO (-2.6%)
$HON (+4.4%)
$MA (+3.39%)
$BX (-2.3%)
$WM (-2.53%)
$WDC (-1.48%)
$SNDK
$V (-0.46%)
$AAPL (+1.13%)
$SOFI (-2.02%)
$CL (-1.18%)
$AXP (-0.18%)
$XOM (+1.92%)
$CVX (+0.64%)

Perhaps this is good to know for some of you:

Today I was surprised to see dividend statements suddenly appear in the cash account at TR for $P911 (+0.55%) suddenly appeared in the cash account. I sold the share months ago and would like to forget about it for reasons.

On closer inspection, it turned out that the dividend paid out in 2025 was without tax deduction. Instead, I now received 2 credit notes. The larger part (65%) without tax deduction, the smaller part with tax deduction. That's probably the case, because after a bit of googling I read on the Porsche website that they paid out dividends partly from equity.

Then I had a look at what else was paid out in dividends around that time and I noticed that the dividends from $ALV (+0.92%) and $SAP (-14.87%) there was no tax deduction. I only took random samples, so there could be more shares affected. Let's see if there are more new statements coming soon.

So maybe leave some cash in the account.