Nordex Stock Forum

Analsyst updates, 08.11.

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- GOLDMAN upgrades BIONTECH from Neutral to Buy and raises price target from USD 90 to USD 137. $BNTX (+3.76%)

- BOFA raises target price for UNDER ARMOUR from USD 9 to USD 13. Neutral. $UAA (-12.43%)

- DEUTSCHE BANK RESEARCH raises the price target for DELIVERY HERO from EUR 29 to EUR 35. Hold. $DHE

- DEUTSCHE BANK RESEARCH raises the price target for SIEMENS from EUR 197 to EUR 200. Buy. $SIE (-2.51%)

- JEFFERIES raises the price target for HOCHTIEF from EUR 135 to EUR 138. Buy. $HOT (-1.48%)

- DEUTSCHE BANK RESEARCH raises the price target for SIEMENS HEALTHINEERS from EUR 60 to EUR 62. Buy. $SHL (-1.29%)

- DEUTSCHE BANK RESEARCH raises the price target for NORDEX from EUR 18 to EUR 19. Buy. $NDX1 (-0.04%)

- DEUTSCHE BANK RESEARCH raises the price target for RATIONAL from 832 EUR to 841 EUR. Hold. $RAA (+2.46%)

- DEUTSCHE BANK RESEARCH raises the target price for AXA from 37 EUR to 39 EUR. Buy. $CS (-1.29%)

- WARBURG RESEARCH raises the price target for BASTEI LÜBBE from EUR 11.70 to EUR 12.20. Buy. $BST (-0.52%)

- DEUTSCHE BANK RESEARCH raises the price target for ARCELORMITTAL from EUR 28 to EUR 29. Buy. $MT (-1.08%)

- DZ BANK raises the price target for SWISS RE from CHF 130 to CHF 140. Buy. $SREN (-0.8%)

- ODDO BHF raises the price target for HEIDELBERG MATERIALS from EUR 99 to EUR 110. Neutral. $HEI (+1.13%)

- KEPLER CHEUVREUX raises the price target for DAIMLER TRUCK from EUR 35 to EUR 41. Hold. $DTG (-4.27%)

- KEPLER CHEUVREUX upgrades REDCARE PHARMACY from Reduce to Hold. $RDC (+9.53%)

- ODDO BHF raises the price target for HENKEL from EUR 67 to EUR 73. Neutral. $HEN (+0.21%)

- ODDO BHF raises the price target for FREENET from EUR 27 to EUR 28. Neutral. $FNTN (+4.72%)

- BARCLAYS raises the target price for ABOUT YOU from EUR 3.10 to EUR 3.40. Underweight. $YOU (-6.6%)

- BARCLAYS raises the target price for NEMETSCHEK from EUR 108 to EUR 125. Overweight. $NEM (-0.52%)

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- BOFA lowers the price target for PINTEREST from USD 45 to USD 39. Buy. $PINS

- WARBURG RESEARCH lowers the price target for DAIMLER TRUCK from EUR 56 to EUR 55. Buy. $DTG (-4.27%)

- UBS lowers the price target for JCDECAUX from EUR 21.60 to EUR 18.50. Neutral. $DEC (-12.18%)

- WARBURG RESEARCH lowers the price target for ADTRAN HOLDING from EUR 9.70 to EUR 9.30. Buy. $ADTN (+7.68%)

- ODDO BHF lowers the price target for NORDEX from EUR 18 to EUR 17. Outperform. $NDX1 (-0.04%)

- BARCLAYS lowers the target price for VESTAS from DKK 99 to DKK 80. Underweight. $VWS (-2.71%)

- KEPLER CHEUVREUX lowers the price target for FRAPORT from EUR 62 to EUR 59. Buy. $FRA (+2.15%)

- BARCLAYS lowers the target price for GSK from GBP 15.50 to GBP 14.50. Equal-Weight. $GSK

- BERENBERG lowers the price target for COMPUGROUP from EUR 23 to EUR 21. Buy. $COP (-0.13%)

- BERENBERG lowers the price target for JUNGHEINRICH from EUR 41 to EUR 39. Buy. $JUN3 (-0.16%)

- JEFFERIES lowers the target price for SUSS MICROTEC from EUR 87 to EUR 75. Buy. $SMHN (+1.16%)

Summary Earnings, 07.11.

$MUV2 (-0.5%)
| Munich Re Q3 24 Earnings

EPS EU7.02 (est EU6.67)

Sees FY Insurance Rev. About EU61B, Saw About EU59B

Sees FY Profit Above EU5B, Saw EU5B

$RHM (+1.63%) | Rheinmetall AG Q3 24 Earnings

Sales EU2.45B (est EU2.42B)

Still Sees FY Sales About EU10B (est EU9.99B)

Sees FY Operating Margin At Upper End Of Guidance

Nissan Motor Q2 2024 Earnings $7201 (+0.06%)

Q2 Operating Income 31.91B Yen (est 65.25B Yen)

Q2 Net Loss 9.34B Yen (est Profit 49.07B Yen)

Sees FY Oper Income 150.00B Yen, Saw 500.00B Yen

To Cut 9,000 Jobs Globally

To Reduce Global Production Capacity By 20%

To Sell Back Up To 10.02% Of Mitsubishi Motors Shares

Air France KLM Q3 24 Earnings $AF

EBITDA EU1.90B (est EU1.9B)

Rev EU8.98B (est EU8.88B)

Net Income EU780M (est EU874.3M)

Sees FY Capex EU3B, Saw Below EU3B

$TEF (+1.75%) | Telefonica Q3 24 Earnings

REV. EU10.02B (est EU10B)

Adj. EBITDA EU3.26B (est EU3.26B)

Net Income EU10M (est EU357M)

To Book €314 Million Non-Cash Impairment For Peru

ArcelorMittal Q3 24 Earnings: $MT (-1.08%)

- Sales $15.20B (est $15.23B)

- EBITDA $1.58B (est $1.47B)

- Still Sees FY CAPEX $4.5B To $5.0B

- Markets Conditions Are 'Unsustainable'

- Positive On Medium/Long Term Outlook

Daimler Truck Holdings Q3 24 Earnings: $DTG (-4.27%)

- Rev EU13.14B (est EU12.98B)

- Adj EBIT EU1.19B (est EU1.13B)

- Still Sees FY Rev EU53B To EU55B (est EU53.45B)

Adyen disappoints with lower than expected sales growth and loses 13% on the stock market. $ADYEN (-4.7%)

Lanxess-shares rise by 4.4% to 26.80 euros after a positive quarterly report, having previously fallen by 13%. The operating margin exceeds expectations, although prices weaken. $LXS (-3.58%)

National Grid increased its adjusted operating profit by 14% to 2 billion pounds in the first half of the financial year and expects an increase of around 10% for the year as a whole. Higher fees in New York and higher revenues in the UK are supporting growth. $NG. (-0.42%)

AMS-Osram increased its profitability in the third quarter despite a decline in sales, but expects business development to be subdued in the fourth quarter and early 2025. To ensure profitability, the company plans further cost reductions of 225 million euros by the end of 2026. $AMS

Suess Microtec is more optimistic after a strong third quarter and now expects to achieve its annual targets in the upper half of the forecast range. Sales are expected to reach 380 to 410 million euros, with an EBIT margin of 14 to 16 percent. $SMHN (+1.16%)

The investment company Mutares slips into the red operationally in the third quarter with an adjusted EBITDA loss of EUR 16.5 million. However, sales increased by 14% to 3.9 billion euros. $MUX (-3.12%)

Delivery Hero expects a free cash flow of EUR 50 to 100 million for 2024 and anticipates GMV growth at the upper end of the forecast of 7 to 9 percent. However, the Group expects adjusted EBITDA to be at the lower end of the range of EUR 725 to 775 million. $DHE

Deutz recorded an 80% drop in profits to EUR 7.2 million in the third quarter and slipped into the red with a bottom line of EUR 2 million. Turnover falls by 14.9% to 430.4 million euros due to a slump in demand. $DEZ (-3.78%)

Compugroup Medical records a decline in EBITDA in the third quarter

EBITDA fell by 12% to 54.9 million euros in the third quarter, but slightly exceeded

analysts' expectations slightly. Turnover falls by 1% to 283.4 million euros

euros, and the company confirms its reduced forecast for 2024. $COP (-0.13%)

Alzchem reports a jump in profits for the first nine months with

a 36% increase in EBITDA to EUR 76.8 million and increases the EBITDA margin to

EBITDA margin to 18.5 %. The Group is sticking to its profit target for 2024

but is aiming for the lower end of the sales forecast due to the discontinuation of low-margin

the lower end of the sales forecast. $ACT (-2.51%)

Nordex is raising its forecast for the EBITDA margin for 2024 and

now expects it to be closer to the upper end of the range of three to four

percent. In the first nine months of the year, the company recorded

an increase in revenue of 14 percent to EUR 5.1 billion and an improved

improved EBITDA margin of 3.7 percent. $NDX1 (-0.04%)

Nemetschek recorded an increase in revenue in the third quarter thanks to the

thanks to the GoCanvas acquisition, Nemetschek recorded a 15.1% increase in revenues to 253 million euros,

however, earnings remained slightly below expectations. The

The operating costs of the acquisition put pressure on profits, so that EBITDA

increases by 6.7 %. $NEM (-0.52%)

Rational increases earnings before interest and taxes in the third quarter

taxes by 18% to just under 78 million euros, exceeding analysts'

analysts' expectations, while sales revenues grew by 8% to 294 million

euros. The company confirms its forecast for the year. $RAA (+2.46%)

08.10.2024

Nordex Group receives orders for 500 MW from Canada + Oil and gas producer Equinor acquires stake in wind power company Orsted + Order intake in Germany calls for caution + China's economy remains weak

The Nordex Group
$NDX1 (-0.04%) received orders for 74 N163 turbines totaling 500 MW from Canada at the end of September. The orders also include the Premium Service for maintaining the turbines for between 15 and 30 years.

The Norwegian oil and gas producer Equinor $EQNR (+0.29%) has acquired a minority stake in the Danish wind power company Orsted $ORSTED (+1.17%) making it the second largest shareholder. Equinor bought almost 41.2 million shares, the company announced in Stavanger on Monday. This corresponds to a stake of 9.8 percent. This has a market value of 2.5 billion US dollars (just under 2.3 billion euros), based on the closing price on Friday. The largest shareholder is the Danish state. According to Orsted, the country held a good half of the shares at the end of the year. Following the announcement of the news, Orsted shares rose by a good four percent to 434 Danish kroner. Equinor emphasized that it supports Orsted's strategy and board of directors. In addition, the Norwegians did not intend to take a seat on the management board. Without specifying a time horizon, the Norwegians announced their intention to increase their stake to ten percent. There are currently no plans to increase the stake beyond this. The company described its commitment as "long-term".

As was to be feared following the recent weak sentiment indicators, the German incoming orders in August fell significantly. Even if the 5.8 percent drop compared to the previous month is partly due to a lower number of large orders, today's data confirms to Commerzbank economists that demand for industrial goods from Germany has weakened further. This suggests that the German economy will stagnate at best in the second half of the year. An upturn is not expected until next year, and even this is likely to be very modest.

Tuesday: Stock market dates, economic data, quarterly figures

ex-dividend of individual stocks

BBVA EUR 0.29

Quarterly figures / company dates USA / Asia

02:00 Samsung Electronics quarterly figures

12:00 Pepsico quarterly figures

17:00 Boeing deliveries 9/24

Untimed: General Motors Capital Markets Day | Procter & Gamble AGM

Quarterly figures / Company dates Europe

07:30 OMV Trading Update 3Q

Untimed: Deutz Capital Markets Day | BNP Paribas Extraordinary General Meeting

Economic data

• 08:00 DE: Production in the manufacturing sector August seasonally adjusted FORECAST: +0.8% yoy previous: -2.4% yoy
• 14:30 US: Trade Balance August FORECAST: -70.80 bn USD previous: -78.79 bn USD
• 18:45 US: Atlanta Fed President Bostic, speech at Atlanta Consular Corps luncheon
• 19:00 DE: ECB Governing Council member Nagel, speech at the German Bundesbank's Capital City Reception

18.09.2024

FED interest rate cut today + Tenders for onshore wind power pick up + Daimler Truck, weak demand in Europe + Tupperware files for bankruptcy in the US

The US Federal Reserve is expected to announce its interest rate turnaround this Wednesday. The tension is high. After all, it is still unclear how much it will cut key interest rates. According to a survey by the Bloomberg news agency, a majority of economists surveyed expect the interest rate spread to be reduced by 0.25 percentage points to between 5.0 and 5.25 percent. However, there are also a number of economists who believe a larger interest rate cut of 0.50 percentage points is likely. There has recently been increasing speculation on the financial markets about a larger interest rate hike. The US Federal Reserve has been holding on to the current interest rate for 14 months. Previously, it had quickly raised key interest rates in the fight against high inflation. A rate cut is now considered a foregone conclusion. After all, the inflation rate has been trending downwards in recent months and stood at 2.5 percent in August.

What do you think we can expect tonight? 0.25% or 0.5%. Will the market be disappointed by 0.25%, as 0.5% was expected? It remains exciting.

$NDX1 (-0.04%) In the tenders for onshore wind turbines the Federal Network Agency has once again set a new record. On August 1, 230 bids with a volume of 2,723 megawatts were awarded, the agency announced. The tender was oversubscribed for the first time since February 2022, meaning that one bid was not accepted. The tender was for 2,709 megawatts. "This tender is a record. The volume of bids in this round is higher than ever before: the bid volume of almost 3 gigawatts significantly exceeds the volume of 2.5 gigawatts required to achieve the annual expansion target," said the President of the Federal Network Agency, Klaus Müller.

Daimler Truck $DTG (-4.27%) is trying to cushion the weak demand for trucks in Europe, especially in Germany. "We are putting the brakes on costs in order to keep profitability at an acceptable level this year. For example, we imposed a spending freeze at the beginning of August," said CFO Eva Scherer. All costs that do not lead to sales, such as travel and events, are being reduced. "We are also avoiding new hires and replacing employees if it is not absolutely necessary." (Börsen-Zeitung)

The fresh food can specialist Tupperware $TUP has filed for bankruptcy in the USA after years of problems. At the same time, the company is seeking a sale and wants to continue operating. Proceedings under Chapter 11 of the US Bankruptcy Code protect the company from the claims of its creditors. Tupperware, a pioneer in household food containers, has been struggling with economic difficulties for some time. In recent months, negotiations have been underway with creditors, to whom Tupperware owes several hundred million dollars. A sale is now intended to protect the brand, according to a press release. At the same time, the aim is to drive forward the transformation into a primarily technology-based company.

Wednesday: Stock market dates, economic data, quarterly figures

Stock exchange holiday in Hong Kong and South Korea

ex-dividend of individual stocks

Salesforce USD 0.40

Quarterly figures / company dates USA / Asia

09:30 Alphabet Inc (Google Holding): EuG ruling on market abuse in online advertising

18:00 T-Mobile US Capital Markets Day

Economic data

• 08:00 DE: Manufacturing orders on hand and backlog July FORECAST: n/a previous: -0.2% yoy | Building Permits July
• 08:00 UK: Producer prices August output basis PROGNOSE: +0.0% yoy/+0.5% yoy previously: 0.0% yoy/+0.8% yoy | Consumer prices August PROGNOSE: +0.3% yoy/+2.2%
• 11:00 EU: August Eurozone consumer prices FORECAST: +0.2% yoy/+2.2% yoy PREVIEW: +0.2% yoy/+2.2% yoy PREVIEW: 0.0% yoy/+2.6% yoy Core (excl. energy, food, alcohol, tobacco) FORECAST: +0.3% yoy/+2.8% yoy PREVIEW: +0.3% yoy/+2.8% yoy PREVIEW: -0.2% yoy/+2.9% yoy
• 14:30 US: Housing starts/permits August housing starts FORECAST: +5.8% yoy previous: -6.8% yoy Building Permits FORECAST: +1.0% yoy previous: -4.0% yoy
• 20:00 US: Fed, outcome of FOMC meeting Fed funds target rate FORECAST: 5.00% to 5.25% previously: 5.25% to 5.50%
• 20:30 US: Press conference with Fed Chairman Powell

25.07.2024 + Frankfurt Airport completely paralyzed + Tech correction continues + AT&T gains significantly after figures + IBM exceeds expectations + Nordex raises sales forecast + STM lowers forecast

Air traffic completely shut down: Climate criminals bring Frankfurt Airport to a standstill

https://www.bild.de/news/seit-donne...-flughafen-frankfurt-66a1ccf337108137b458c15b

The sell-off on Wall Street the previous evening was echoed on the Asian stock exchanges on Thursday. This continues the recent slump on the regional stock exchanges, which has recently only been interrupted by brief interim recoveries on a daily basis. The technology sector in particular is once again suffering after US sector companies failed to impress with their business figures. According to traders, AI hopes are now being questioned more and more critically.

AT & T Inc. $T (+2.05%) hit analysts' estimates in the second quarter with earnings per share of $0.57. Sales of $29.8 billion below expectations of $29.98 billion.

IBM $IBM (+1.17%) second quarter EPS of $2.43 beats analyst estimates of $2.17. Revenue of $15.8 billion beats expectations of $15.62 billion. IBM confirms free cash flow outlook for the fiscal year and expects $12 billion and year-over-year revenue growth by division: Software +7.1 percent, Consulting -0.9 percent, Infrastructure +0.7 percent.

STMicroelectronics $STM (-2.37%) continues to suffer from weak demand for chips from the automotive industry. The semiconductor manufacturer has now lowered its sales and margin forecast for the year as a whole again after April. STMicro now expects sales of 13.2 to 13.7 billion US dollars. Previously, the Group had assumed sales of 14 to 15 billion. The gross margin is now expected to be around 40 percent. The previous forecast had been for a value in the lower 40 percent range.

Nordex $NDX1 (-0.04%) achieved sales of €3.4 billion (previous year: €2.8 billion, analyst forecast: €3.1 billion), EBITDA of €118 million (previous year: -€114 million), an EBITDA margin of 3.4% (previous year: -4.2%), total output of 3.3 megawatts (previous year: 2.8 MW) and a net result of -€12.5 million (previous year: -€299 million) in the first half of the year. Order backlog at the end of June at €11.0 billion (previous year: €6.9 billion at the end of 2023). In the outlook for 2024, Nordex now sees the EBITDA margin at 3% to 4% (previously: 2% to 4%) and confirms a medium-term EBITDA margin of 8%. Wind turbine manufacturer Nordex's margin expectations for 2024 are slightly better after the first half of the year. The company announced in Hamburg on Thursday that earnings before interest, taxes, depreciation and amortization (EBITDA) are likely to be between 3 and 4 percent of sales this year. Previously, the lower end of the range was 2 percent, after only just breaking even operationally in 2023. In the medium term, Nordex is still aiming for an earnings margin of 8 percent, but is still busy working off unprofitable old orders.

Thursday: Stock market dates, economic data, quarterly figures

ex-dividend of individual stocks

Royal Bank of Canada CAD 1.42

Quarterly figures / company dates USA / Asia

01:30 SK Hynix quarterly figures

07:00 Hyundai quarterly figures

09:25 Nissan quarterly figures

12:30 Honeywell quarterly figures

13:00 American Airlines quarterly figures

13:45 Abbvie quarterly figures

22:05 Verisign quarterly figures

Quarterly figures / Company dates Europe

07:00 Roche | Nordex | Siltronic | Essilor-Luxottica | Julius Baer Quarterly figures

07:00 STMicroelectronics | Takkt | Vossloh | Renault Quarterly figures

07:15 Nestle | Air France quarterly figures

07:30 Aixtron | Befesa | Sanofi | Stellantis | Andritz quarterly figures

07:30 Baader Bank | Drägerwerk quarterly figures

08:00 LPKF | Verbund | Anglo American | Astrazeneca

08:00 British American Tobacco | BT Group | Relx | Unilever quarterly figures

08:00 Unibail-Rodamco | Lloyds Banking quarterly figures

08:00 Vodafone Trading Update 1Q

08:05 Totalenergies half-year figures

09:00 Audi half-year figures

10:00 Heidelberger Druckmaschinen AGM | Siltronic Analyst Conference

14:00 Deutsche Börse Analyst and Investor Conference 2Q

14:00 Dow Inc. quarterly figures

17:45 Vinci half-year results

17:50 Enel half-year results

18:00 Hermes International | Vivendi Half-year results

18:05 Saint-Gobain Half-year results

Economic data

• 08:45 FR: Business Climate Index July PROGNOSIS: 99 previous: 99
• 10:00 DE: Ifo Business Climate Index July PROGNOSE: 88.8 PREVIOUS: 88.6 Situation assessment PROGNOSE: 88.4 PREVIOUS: 88.3 Business expectations PROGNOSE: 89.2 PREVIOUS: 89.0
• 10:00 EU: ECB, Money Supply M3 and Lending June Money Supply M3 FORECAST: +1.9% yoy previously: +1.6% yoy
• 14:30 US: GDP (1st release) 2Q annualized PROGNOSE: +2.1% yoy Q1: +1.4% yoy GDP deflator PROGNOSE: +2.6% yoy Q1: +3.1% yoy
• 14:30 US: Initial jobless claims (week) FORECAST: 235,000 Previous: 243,000
• 14:30 US: New orders for durable goods June PROGNOSE: +0.3% yoy previous: +0.1% yoy
• 15:00 BE: Business Climate Index July FORECAST: -12.7 points previous: -11.6 points

15.07.2024 +++ Markets remain tense +++ Interest rate cut still unclear +++ Bitcoin continues to recover +++ Nordex with fewer incoming orders +++

Markets generally unimpressed by the weekend's events. Bitcoin $BTC (+0.31%) even climbed well above 60,000$ again and US markets are currently up in pre-market trading. That looks like a positive start to the week.

There will be further updates here during the course of the day:

Nordex
$NDX1 (-0.04%) recorded significant growth in order intake in the first half of the year. However, orders weakened noticeably in the second quarter. Prices remained stable.

Sentiment dangerous - don't follow the interest rate cut hype

The conclusion for investors should be not to fall for wishful thinking when it comes to interest rate cuts. Even Fed officials are apparently not immune to this. Chicago Fed President Goolsbee rejoiced after the price data about "excellent" data and that "this is what the path to 2 percent looks like". However, he left open how much time will be spent on this path. If share price gains are only justified by the expectation that interest rates will fall "soon", investors should stay away. The current sentiment in the USA is also suspicious. According to surveys by the AAII investor association, the proportion of optimistic investors there has jumped to 49.2% within a week. The historical average is just under 38%.

Monday: Stock market dates, economic data, quarterly figures

Stock market holiday in Japan

ex-dividend of individual stocks

AbbVie 1.55 USD

Abbott Laboratories USD 0.55

Quarterly figures / company dates USA / Asia

12:15 Blackrock quarterly figures

13:30 Goldman Sachs quarterly figures

Quarterly figures / company dates Europe

07:00 TomTom

07:00 Nordea Bank quarterly figures

Economic data

• 11:00 EU: Industrial Production May Eurozone

FORECAST: -0.9% yoy/-3.7% yoy previous: -0.1% yoy/-3.0% yoy

• 14:30 US: Empire State Manufacturing Index July

FORECAST: -8.0 PREV: -6.0

• 17:00 US: Fed Chairman Powell, participation in Economic Club of Washington event

Hello dear community,

I am pursuing a dividend strategy, but from next year I want to focus more on growth. As a basis, I would like to run a savings plan on the $VWCE (+0.48%) This will also be my largest position. I also want to divest myself of some positions such as $NEM (+0.57%)
$RIO (-2.95%)
$NDX1 (-0.04%) when the price rises and I can sell with a plus.

As growth stocks I have thought of for the beginning $AMZN (-0.02%)
$MSFT (+0.15%)
$NOVO B (+0.73%)
$GOOGL (-0.6%) but I'm not sure yet. Many thanks in advance for the feedback 😊

Hello everyone, my first real question to you:

I own 58 Nordex shares and unfortunately I am down a whopping 48%.

(Do not ask why, was not my responsibility).

Big jumps upwards I can not really expect the share with these figures or?

My plan was to sell everything, realize losses and put the result into the MSCI World.

$NDX1 (-0.04%)

$NDX1 (-0.04%) moves towards 38 Fibo; I take profits for now and wait for the correction 🌈

But first Merci Hamburg for the return 🙏

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 (-1.43%) Commerzbank

EXCEPTION: $LIN Linde

MDAX

UPDATE: $NDX1 (-0.04%) Nordex

OUTPUT: $CBK (-1.43%) Commerzbank

SDAX

RECORD: $DBAN (-1.51%) Deutsche Beteiligungs AG OUTPUT: $NDX1 (-0.04%) Nordex

EURO-STOXX-50:

RECORD: $UCG (-0.51%) Unicredit

OUTPUT: $LIN Linde

STOXX-50

RECORD: $SAF (-1.34%) Saffron

OUTPUT: $LIN Linde

STOXX-Europe 600

RECORD: $SINCH (-3.85%) Sinch

OUTPUT: $LIN Linde

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

$NVDA (-0.03%)
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 (+0.18%)
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 (+0.56%)
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 (+0.53%)
Intel:

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

$GRMN (+1.79%)
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 (+4.33%)
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 (+1%)
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 (+0%)
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 (-1.59%)
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 (+0.24%)
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

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