$EL (+1.17%)
$TEM (+0.15%)
$VRTX (+2.57%)
$AAPL (+2.13%)
$PLTR (-5.56%)
$ON (-0.71%)
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$OKLO
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$UAA (+1.11%)

$RHM (-0.81%)

The German manufacturer of Leopard 2 tanks and ammunition that Europe is sending to Ukraine hit €909 on Xetra on October 8—its lowest level since June—and closed at €1,090.20 on Friday, October 16: up 19.9% over six trading sessions, with a 6.26% gain on the last day and nearly double the usual trading volume. That same Friday, the company launched a new ammunition production line in Albacete: a €20 million investment and a workforce that will grow from about 210 to 300 employees. Even so, the stock remains 44.5% below its high for the year. We explain what has changed, what hasn’t, and why November 5 is the date that will decide it all.

https://forobolsa.es/noticias/191-rheinmetall-rozo-los-900-y-rebota-un-20-en-seis-sesiones

$SHEL (-0.75%)

$RHM (-0.81%)

$NESN (+1.3%)
#memes
#meme
#humor
#lustig
#witzig

In July, Tempus AI was my biggest loser, down 25 percent. In August, it was my biggest winner, up 42 percent. I didn’t buy or sell anything in either month.

August had two sides to it. At the beginning of the month, mild inflation data was released, and the S&P 500 hit an all-time high of 7,816 points on August 13. After that, sentiment in the bond markets shifted. The 30-year U.S. Treasury yield rose to its highest level in nearly twenty years, and U.S. gross debt exceeded forty trillion dollars. At the end of the month, Nvidia reported quarterly revenue of 96.2 billion, an increase of 106 percent. The very next day, Fed Chair Warsh signaled a pause in Jackson Hole, and the market priced in an interest rate hike in September.

Following the chip sell-off in July, this was a significantly calmer month for my portfolio:

📊 Monthly performance: +3.15%

📊 Portfolio value: ~€45,506

📊 Max. performance (Jan. 6, 2022): +40.28%

📊 YTD performance: ~+11.88%

Performance & Comparison 🚀

August was a positive month for all major indices, led by the Nasdaq. My portfolio outperformed the DAX, S&P, and FTSE, but lagged behind the Nasdaq.

Performance Comparison (August 1–31, 2026, end of day):

My portfolio: +3.15%

NASDAQ 100: +4.42%

DAX: +2.41%

S&P 500: +2.29%

FTSE All-World: +2.24%

Purchases, Sales & Allocation 💶

None. In July, I reduced my cash position and invested in BE Semiconductor$BESI (-2.13%) , Solaria $SLR (+3.49%) and Hermès $RMS (+3.3%) . I didn’t make any changes in August.

Top Movers in August 🟢

Tempus AI $TEM (+0.15%) posted the strongest gain at +42.72% (+71.12 €), marking a strong rebound following the July slump. Bitcoin $BTC (-0.01%) rose by +23.68% (+€211.78). CrowdStrike $CRWD (-0.13%) rose by +19.04% (+€463.68), making it the biggest euro gain in the portfolio; cybersecurity performed well in August regardless of the chip cycle. American Lithium gained +12.50% (+€27.62), while the VanEck Uranium and Nuclear ETF $NUKL (+0.09%) rose by +9.50% (+81.71 €). Snowflake $SNOW (-2.59%) rounded out the list with a gain of +8.30% (+€87.07).

August’s Worst Performers 🔴

The losses were significantly smaller than in the previous month. BYD $1211 (+0.99%) fell -7.52% (-€107.74), taking a breather after a 27 percent gain in July. Alibaba $BABA (+4.24%) followed with a -6.12% drop (-€45.58); here, too, the China rally from July ran out of steam. Berkshire Hathaway $BRK.B (+1.16%) fell -3.68% (-103.67 €), and Rheinmetall $RHM (-0.81%) -2.56% (-€18.22). BE Semiconductor $BESI (-2.13%) fell by only -1.39% (-€10.18) and has stabilized following the slump in July. Solaria $SLR (+3.49%) closed down 1.10% (-€4.83).

Conclusion 💡

July was a month in which a lot happened. August was the month in which much of that reversed. Tempus AI $TEM (+0.15%) went from the biggest loser to the biggest winner, while BYD $1211 (+0.99%) and Alibaba $BABA (+4.24%) the other way around. Anyone who had sold in a panic in July would have been on the wrong side of the market in August.

❓ Question for the Community

Did the market fluctuations in August make you get cold feet, or did you hold onto your positions? And what was your best buy?

👇 Share your thoughts in the comments!

➡️ Every month, I post a portfolio update here, along with research from my quantitative model in between.

🗞️ Newsletter: codeandcapitalquant.beehiiv.com

📈 Wikifolio: https://www.wikifolio.com/de/de/w/wf0gquant6

July was a month of contrasts. The Nasdaq slipped into its second correction of 2026, triggered by a sharp sell-off in semiconductor stocks—memory chip manufacturers and chip equipment suppliers saw losses, in some cases in the double digits, and even strong quarterly results were no longer enough to prop up share prices. The DAX, on the other hand, hit new record highs during the same period, driven by software stocks and a rebound at Rheinmetall. At the same time, a significant amount of capital rotated out of AI and chip stocks and into Chinese tech and electric vehicle stocks, which staged a strong comeback after months of decline.

My portfolio benefited from this rotation and is back in the black:

📊 Monthly performance: +1.02%

📊 Portfolio value: ~€44,139

📊 Peak performance (Jan. 6, 2022): +43%

📊 YTD performance: ~+14.09%

Performance & Comparison 🚀

July demonstrated how differently the indices could perform depending on their composition. While the Nasdaq suffered from the chip sell-off, the DAX benefited from its lower concentration of semiconductor stocks and the Rheinmetall recovery. My portfolio tracked the DAX more closely than the Nasdaq and ended the month in positive territory.

Performance Comparison (July 1–July 31, 2026, end of day):

My portfolio: +1.02%

DAX: +2.57%

S&P 500: -1.25%

FTSE All-World: -1.47%

NASDAQ 100: -6.97%

Purchases, Sales & Allocation 💶

In July, I reduced my cash position. The Xtrackers II EUR Overnight Rate Swap ETF, which I had been using to park liquidity, was sold in three tranches: €301.00 on July 17, and €232.13 each on July 28 and July 29—totaling approximately €765. The freed-up funds were immediately allocated to three positions: BE Semiconductor Ind. $BESI (-2.13%) I increased my position in two steps: €150.00 on July 17 and €230.00 on July 29. For Solaria $SLR (+3.49%) , I added another €150.00 on July 17, and for Hermès $RMS (+3.3%) on July 28. In doing so, I deliberately reallocated cash into stocks rather than injecting new capital.

Additionally, on July 30, I invested €454.36 in my own Wikifolio certificate $DE000LS9V052 (-1%) —a private position separate from the rest of my portfolio.

Top Movers in July 🟢

The month clearly belonged to stocks that benefited from the rotation out of U.S. tech.

BYD posted the strongest gain at +27.08% (+€305.27). The stock received a double boost: capital flowed from AI and chip stocks into Chinese electric vehicle stocks, and BYD also reported $1211 (+0.99%) reported a nearly 22% jump in sales for July and more than a doubling of overseas deliveries. Alibaba $BABA (+4.24%) followed suit with a gain of +25.33% (+€149.06)—part of the same China-led rally that also swept up Tencent and Xiaomi. Snowflake $SNOW (-2.59%) rose by +17.46% (+€155.91) and Cloudflare $NET (-4.14%) by +15.62% (+344.80 €), the largest euro gain in the portfolio—both software stocks fared significantly better than hardware and chips in the rotation. Rheinmetall $RHM (-0.81%) rebounded by +15.09% (+€186.59) from its 52-week low following the frigate shock in June, supported by full order books and rising defense budgets in Europe. Nubank $NU (+1.68%) rounded out the list with a gain of +9.49% (+€97.49)—here, too, the rotation away from U.S. tech toward other regions played a role.

July’s Big Losers 🔴

On the other hand, the list consisted almost exclusively of stocks that were directly or indirectly hit by the chip sell-off.

Tempus AI $TEM (+0.15%) suffered the biggest loss at -25.08% (-€55.74)—AI-related stocks came under particular pressure during the broad sell-off. IREN $IREN (-8.02%) fell by -20.39% (-€179.15) and has remained weak since the price slump in early summer, still weighed down by the combination of Bitcoin weakness and skepticism regarding its transition to an AI cloud provider. BE Semiconductor Ind. $BESI (-2.13%) fell by -18.77% (-€169.56), directly impacted by the global sell-off among chip equipment manufacturers. TSMC $TSM (-3.33%) lost -15.04% (-€80.55)—despite a strong quarter, the stock was swept up in the general semiconductor correction. Hermès $RMS (+3.3%) dropped -10.27% (-24.26 €), with luxury goods following the downward trend of weaker growth stocks. Solaria $SLR (+3.49%) rounded out the list with a -9.50% (-€46.19) decline—solar and renewable energy stocks remain under pressure.

Conclusion 💡

July showed just how quickly capital flows can shift. While the chip sector underwent one of the sharpest corrections of the year, Chinese tech and electric vehicle stocks found their bottom. For my portfolio, this was a good example of why broad diversification across sectors and regions makes all the difference.

❓ Question for the Community

That was my month in numbers—how did the July chip sell-off affect you? Did you rotate into Chinese stocks, or are you holding onto your U.S. tech positions?

👇 Let us know in the comments!

➡️ Follow @codeandcapital26 for transparent portfolio updates!

🗞️ Newsletter: codeandcapitalquant.beehiiv.com

📈 Wikifolio: https://www.wikifolio.com/de/de/w/wf0gquant6

$RHM (-0.81%) It has now recovered well from its last severe drop. The price has now risen by €400 since the crash, reaching €900. Will Rheinmetall recover enough for us to ultimately reach the expected targets of around €1,800, or is the hype short-lived, which would result in another crash or collapse?

I’m curious to see what the future holds.

$PLTR (-5.56%)
$SNAP (+0.85%)
$HSBA (+4.38%)
$9434 (-1.62%)
$ZAL (+6.35%)
$BOSS (+0.85%)
$BNTX (+2.06%)
$SPOT (+0.75%)
$BP. (-0.82%)
$BAYN (+4.46%)
$DOCN (-5.31%)
$MCD (+2.9%)
$CAT (-4.49%)
$PFE (+1.57%)
$ANET (-8.9%)
$PINS (-0.27%)
$SPCX (-7.54%)
$AMD (-8.38%)
$PARA (+1.36%)
$LUMN (+0.12%)
$KTOS (-2.93%)
$CPNG (+6.68%)
$IFX (-2.07%)
$ENR (-4.55%)
$DHL (+2.28%)
$NOVO B (+4.4%)
$CVS (-5.02%)
$UBER (+0.08%)
$SEDG (-9.11%)
$WULF (+0.03%)
$CRCL (-3.32%)
$SHOP (+1.19%)
$DIS (+1.71%)
$HUBS (+1.24%)
$DASH (+3.13%)
$FSLY (-2.02%)
$SNDK (-5.67%)
$MELI (+1.34%)
$DUOL
$APP (+0.48%)
$SMR
$FIG (-0.11%)
$SIE (+2.12%)
$CBK (+6.06%)
$IOS (+2.13%)
$FI (+0%)
$DDOG (-16.11%)
$RHM (-0.81%)
$QBTS (-2.26%)
$G24 (+6.51%)
$AKAM (-0.59%)
$MUV2 (+1.69%)
$UA (-0.76%)
$OKLO

Summary:

Perhaps—the preliminary figures certainly provide a strong case for it. On July 29, 2026, Rheinmetall reported preliminary Q2 results in an ad hoc announcement that surprised even optimistic analysts: Revenue climbed by about 69% to EUR 3.289 billion—well above the company’s own forecast of “over 60% growth,” which had been communicated in early July. The jump in earnings was even more pronounced: Operating profit rose to EUR 562 million, about 20% above the analyst consensus of EUR 469.9 million. All business segments contributed to this increase. The stock reacted promptly—rising from around EUR 1,078 in the morning to as high as EUR 1,167.40 at one point, an increase of over 7% during the trading day. The downside: Rheinmetall expects a significantly negative operating free cash flow for the quarter, due to deferred advance payments and preparations for capacity expansions. The company will not provide the full details of its half-year results until August 6, 2026.

Key highlights:

• Q2 2026 (preliminary): Revenue of EUR 3.289 billion (+69% YoY) — exceeds the company’s own forecast by over 60%

• Operating profit: EUR 562 million — approximately 20% above the analyst consensus (EUR 469.9 million)

• Order backlog: over EUR 80 billion

• New orders: Loitering munitions contract with the Bundeswehr, SAFE order package with Romania

• Stock: +7.42% during the trading day to as high as EUR 1,167.40

• Warning sign: significantly negative operating free cash flow expected for the quarter

• F126 delivery (July 2, 2026) remains a drag, but has long been offset operationally

• Full half-year report: August 6, 2026

Buy now $RHM (-0.81%) ?

$RHM (-0.81%) It has reached a stable position, but will not be funded for the time being. Thanks to $MNST (+2.99%) , $BAC (+1.66%) and $ADS (+3.84%) the loss has been manageable given the size of the portfolio. For me, the future still lies more in consumer stocks, as well as expanding my ETF holdings.

Who knows what other great ideas I’ll come up with for these speculative stocks :D