Porsche AG under pressure + Amazon beats analysts' estimates in the fourth quarter + Armaments group Hensoldt reports orders worth billions + USA: Initial jobless claims rise more than expected
Porsche AG $P911 (+0.35%)under pressure
- Shareholders from the Volkswagen Group environment are unlikely to have a tailwind on Friday.
- At the sports car subsidiary Porsche AG, the outlook given the previous evening after the close of trading was disappointing, resulting in a 1.2 percent drop at the broker Lang & Schwarz.
- The Group holding company Porsche SE followed suit by announcing higher write-downs on the carrying amounts of its core investments.
- The share price fell by half a percent in pre-market indications.
- Volkswagen shares, which were valued at 0.3 percent down at Lang & Schwarz, could also be affected.
- Porsche AG is spending money to defend itself against the crisis, but this is clouding the outlook, which according to traders is well below expectations.
- Porsche expects sales of 39 to 40 billion euros in 2025 and an operating return on sales of 10 to 12 percent.
- Group CEO Oliver Blume is therefore accepting a significant drop in the operating margin, but the dividend should remain stable.
- In an initial reaction, JPMorgan analyst Jose Asumendi spoke of a positive step in order to make the necessary investments in the powertrain strategy.
- These should enable the car manufacturer to return to growth over the next 24 months.
Amazon $AMZN (-2.39%)exceeds analysts' estimates in the fourth quarter
- Amazon's fourth-quarter earnings per share of USD 1.86 beat analysts' estimates of USD 1.47.
- Sales of USD 187.8 billion above expectations of USD 187.33 billion.
- Wall Street is also watching some other numbers in the report:
- Amazon Web Services: $28.8 billion, according to StreetAccount
- Advertising: $17.4 billion, according to StreetAccount
- Analysts expect sales growth of about 10% this quarter, which includes results from the holiday shopping season. Online spending rose nearly 9% to $241.1 billion in November and December, according to data from Adobe Analytics, which tracks sales on retailers' websites.
- This is slightly above analysts' forecasts, which had expected sales of USD 240.8 billion.
- According to FactSet estimates, operating profit in the fourth quarter is expected to increase by 44% year-on-year to around USD 19 billion.
Defense contractor Hensoldt $HAG (+0.92%)reports orders worth billions
- The defense electronics specialist Hensoldt received orders worth billions over the turn of the year.
- In the months from October to January, orders totaled more than 1.4 billion euros, as the company announced on Thursday in Taufkirchen near Munich.
- The orders reportedly included the radar for the Eurofighter fighter jet, systems for the Leopard 2 A8 main battle tank and the modernization of the German Armed Forces' Electronic Warfare Center (ZEK).
USA: Initial jobless claims rise more than expected
- In the USA, initial jobless claims have risen unexpectedly sharply.
- Their number rose by 11,000 to 219,000 last week, as announced by the Department of Labor in Washington on Thursday.
- Economists had on average only expected an increase to 213,000 applications.
- The previous week's figure was revised slightly upwards, by 1,000 to 208,000.
- Despite the increase, the number of applications for aid is still estimated to be low.
- Experts at Landesbank Hessen-Thüringen continue to see no indications of a significant slowdown in the increase in employment.
- At the beginning of the year, applications for assistance reached their lowest level for a year at 203,000.
- The weekly initial claims are observed on the financial markets because they are an indicator of general developments on the US labor market.
- In general, labor market data plays an important role in the Fed's interest rate decisions.
- Last week, the Fed kept key interest rates stable.
Friday: Stock market dates, economic data, quarterly figures
- ex-dividend of individual stocks
- Costco Wholesale USD 1.16
- Quarterly figures / company dates USA / Asia
- 05:00 Mazda quarterly figures
- Quarterly figures / company dates Europe
- 07:30 Talanx preliminary annual results
- 08:00 Yara annual figures
- 09:00 Loreal AGM
- No time specified: Konecranes | Banca Monte dei Paschi annual figures
Economic data
08:00 DE: Trade balance December and year 2024 Trade balance calendar and seasonally adjusted FORECAST: +16.8 bn euros previously: +19.7 bn euros Exports FORECAST: -0.5% yoy previously: +2.1% yoy Imports FORECAST: +1.8% yoy previously: -3.3% yoy
08:00 DE: Production in the manufacturing sector December and year 2024 seasonally adjusted OUTLOOK: -0.9% yoy previous: +1.5% yoy
14:30 US: Labor market data January employment ex agriculture PROGNOSE: +169,000 yoy previous: +256,000 yoy Unemployment rate PROGNOSE: 4.1% previous: 4.1% Average hourly earnings PROGNOSE: +0.3% yoy/+3.7% yoy previous: +0.3% yoy/+3.9% yoy
16:00 US: Index consumer sentiment Uni Michigan (1st survey) February FORECAST: 71.3 previous: 71.1
21:00 US: Consumer Credit 12/24
Untimed US: First meeting between President Trump and Japan's Prime Minister Shigeru Ishiba in Washington
