Nokia Stock Forum

Largest European tech stocks by market capitalization

SAP € 259 billion $SAP (-0.4%)

ASML € 253 billion $ASML (-0.38%)

ARM Holdings € 160 billion $ARM (-1.08%)

NXP Semiconductors € 54 billion $NXPI (-0.46%)

Dassault Systèmes € 44 billion $DSY (-0.67%)

Infineon € 40 billion $IFX (-0.83%)

Capgemini € 32 billion $CAP (+0.34%)

ASM International € 26 billion $ASM (-1.38%)

Ericsson € 26 billion $ERIC B (+0.31%)

Hexagon € 23 billion $HEXA B (-2.91%)

Nokia € 22 billion $NOKIA (-0.81%)

STMicroelectronics € 22 billion $STM (-2.37%)

Logitech € 12 billion $LOGN (-1.67%)

Sage Group € 12 billion $SGE (+1.12%)

>> Which ones are you invested in and how are they performing? Most of these European tech stocks can be found in the iShares MSCI Europe Information Technology - ETF, WKN: A2QBZ3

#halbleiter
#semiconductor
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#künstlicheinteligenz

$NOKIA (-0.81%) There is light at the end of the tunnel 💪 Brazil business is also going well 👍

17.10.2024

Adidas weak + Airbus cuts up to 2,500 jobs in defense and aerospace division + LVMH under pressure after figures + Nestle lowers annual targets + Nokia sees turning point coming

For the share of Adidas $ADS (-1.81%) fell by 6.3 percent after the sporting goods manufacturer raised its forecast the previous evening. The stock market criticized the fact that the forecast was now where the consensus of analysts had already seen it beforehand - and therefore did not provide a positive surprise. Deutsche Bank analysts pointed out that operating costs had risen by around 5 percent in the third quarter compared to a stable first half of the year. In addition, luxury goods manufacturer LVMH reported that the short-term outlook remains cautious, as it is unclear whether demand in China has bottomed out and whether growth in the US and Europe is accelerating.

Airbus $AIR (-1.42%) is struggling with huge losses in the satellite business and therefore wants to cut up to 2,500 jobs in its defense and aerospace division. The aerospace company announced on Wednesday that the cuts would take place by mid-2026. The Airbus division employs almost 35,000 people in Germany and other European countries. The locations affected are to be clarified at the end of the year following talks with the trade unions and works councils. Airbus mainly builds satellites in Immenstaad on Lake Constance, in Toulouse, in London and in Munich.

Disappointing quarterly figures from LVMH $MC (-2.6%) put the entire sector under pressure on Wednesday. Luxury and consumer goods stocks fell significantly. LVMH fell by 5.1 percent to 593.70 euros. Also Kering $KER (-5.61%) and numerous other stocks in the sector also lost ground. Negative analyst opinions also played a role for the French cosmetics manufacturer. LVMH continued its disappointing performance in the current year with these losses. The downward trend since the spring is intact, after the share marked new lows for the year and wiped out the recovery attempts of the past week. The French luxury goods group continues to struggle with subdued demand. In the third quarter, turnover fell by three percent, excluding currency effects and acquisitions and disposals of parts of the company. Analysts had expected slight growth of 0.9 percent on average. Overall, turnover fell by 4.4 percent to 19.08 billion euros. This is also less than experts had expected. The analysts at Goldman Sachs therefore spoke of a disappointment, although expectations before the report had already been cautious. The fashion and leather goods segment in particular had suffered from weak demand from China, but the spirits segment had also missed estimates. The economic environment for luxury goods remains difficult and the next six months are unlikely to be easy. L'Oreal $OR (-2.66%) recently lost 3.4 percent to 363.70 euros after JPMorgan downgraded the shares from "Neutral" to "Underweight" and lowered the price target from 390 to 325 euros.

The food group Nestle has lowered its forecasts for the current year following a disappointing quarter. Growth in the first nine months was too low to maintain the previous targets. The new CEO Laurent Freixe has therefore cut expectations for 2024 and the company now expects growth of around two percent. Former CEO Mark Schneider had recently emphasized that Nestle would grow organically by "over 3 percent" for the year as a whole, but this seems too optimistic. Laurent Freixe, who took over as CEO in August after a long career at the food multinational, has now rejected these false hopes and lowered his expectations for the year as a whole.

The network equipment supplier Nokia $NOKIA (-0.81%) is gradually seeing the turning point in its weak markets. "Net sales are recovering more slowly than we expected, but we are compensating for this in part with an improved gross margin and cost savings," said Group CEO Pekka Lundmark in a statement on Thursday. Signs of recovery are already visible in business with fixed-line and IP products. The market for mobile networks, on the other hand, is proving more difficult. In the third quarter, Nokia therefore fell short of analysts' expectations: in the three months to the end of September, net revenue slipped by eight percent year-on-year to 4.3 billion euros. Industry experts had expected more on average.

Thursday: Stock market dates, economic data, quarterly figures

Quarterly figures / company dates USA / Asia

07:30 TSMC quarterly figures

12:30 KeyCorp quarterly figures

13:00 Travelers Cos quarterly figures

22:00 Netflix quarterly figures

Quarterly figures / Company dates Europe

07:00 ABB | Nordea | Nokia | Essilor-Luxottica

07:00 Sartorius quarterly figures | Hella sales 3Q

07:15 Nestle 9 months sales

09:00 Pernod-Ricard 1Q sales

09:00 Sartorius PK

Economic data

• 08:00 DE: Manufacturing orders on hand and backlog August
• 08:00 CH: Trade Balance
• 11:00 EU: Trade balance sb August FORECAST: n/a previous: +15.5 bn euro
• 11:00 EU: Consumer prices September Eurozone FORECAST: -0.1% yoy/+1.8% yoy PREVIEW: -0.1% yoy/+1.8% yoy PREVIEW: +0.1% yoy/+2.2% yoy CORE RATE FORECAST: +0.1% yoy/+2.7% yoy PREVIEW: +0.1% yoy/+2.7% yoy PREVIEW: +0.3% yoy/+2.8% yoy
• 14:15 EU: ECB, outcome of the Governing Council meeting Deposit rate FORECAST: 3.25% previously: 3.50%
• 14:30 US: Retail Sales September PROGNOSE: +0.3% yoy previous: +0.1% yoy Retail Sales ex Motor Vehicles PROGNOSE: +0.1% yoy previous: +0.1% yoy
• 14:30 US: Initial jobless claims (week) FORECAST: 260,000 Previous: 258,000
• 14:30 US: Philadelphia Fed Index October FORECAST: 3.0 PREVIOUS: 1.7
• 14:45 EU: ECB, PK after Governing Council meeting
• 15:15 US: Industrial Production and Capacity Utilization September Industrial Production PROGNOSE: -0.2% yoy previous: +0.8% yoy Capacity utilization PROGNOSE: 77.8% previous: 78.0%
• 16:00 US: Inventories August PROGNOSE: +0.3% yoy previous: +0.4% yoy

Here is a summary of important events & the Formatting is Getquin's fault!

US MARKET🇺🇸

Monday

Publication of the Empire State Manufacturing Survey of the New York Fed for April.

Publication of the retail sales in the USA for March.

Publication of the business inventories for February.

Publication of the homebuilder confidence for April.

Speeches by Lorie LoganPresident of the FED of Dallasand Mary C. DalyPresident of the FED Bank of San Francisco.

Quarterly reports from Goldman Sachs ($GS (+2.22%) ), Charles Schwab ($SCHW (+2.16%) ) and M&T Bank ($MTB (+1.41%) ).

Tuesday

Publication of the building permits for March.

Publication of the industrial production for March.

Quarterly reports from UnitedHealth Group ($UNH (+3.09%) ) , Johnson & Johnson ($JNJ (+0.03%) ), Bank of America ($BAC (+1.3%) ), Morgan Stanley ($MS (+1.35%) ), BNY Mellon ($BK (+0.21%) ) and PNC Bank ($PNC (+1.07%) ).

Wednesday

Publication of the mortgage applications for the week ending April 12.

Publication of the FED Beige Books.

Quarterly reports from United Airlines ($UAL (+3.22%) ), Abbott Laboratories ($ABT (+2.48%) ), U.S. Bancorp ($USB (+2.13%) ), Travelers Cos. ($TRVC34 ), Citizens Financial ($FCNCA (+0.5%) ), First Horizon ($FHN (+1.66%) ) and Discover Financial Services ($DFS (+0.81%) ).

Thursday

Publication of initial jobless claims for the week ending April 13.

Publication of the Philadelphia Fed Manufacturing Survey for April.

Release of existing home sales for March.

Speeches by John C. WilliamsPresident of the FED of New Yorkand Raphael BosticPresident of the FED of Atlanta.

Quarterly reports from Netflix ($NFLX (+0.37%) ), Intuitive Surgical ($ISRG (+2.71%) ) and Infosys ($INFY ).

Friday

Speech by Austan GoolsbeePresident of the FED of Chicago.

Quarterly reports from Procter & Gamble ($PG (+3.31%) ), American Express ($AXP (+0.52%) ), Fifth Third Bancorp ($FITB (+1.7%) ) and Huntington Bancshares ($HBAN (+0.19%) ).

Saturday

Possible events in connection with the Bitcoin halving.

EU MARKET

Monday

Release of industrial production

Speech by Philip Lane, Member of the Executive Board of the ECB

Quarterly reports from Pagegroup ($PAGE (+1.13%) ) 🇬🇧, Playtech $PTEC (-0.29%) ) 🇬🇧

Tuesday

Trade Balance (Feb)

ZEW Economic Sentiment

Eurogroup Meetings

Publication of the quarterly reports of Ashmore ($ASHM (-0.23%) ) 🇬🇧

Wednesday

Publication of CPI data

EU Summit & Eurogroup Meetings

Speech by Isabel Schnabel, Member of the Executive Board of the ECB

Quarterly figures from Severstal ($CHMF ) 🇷🇺, Volvo B ($VOLV B (-3.37%) ) 🇸🇪, Viscofan $VIS (+1.06%) ) 🇪🇸, Petershill Partners ($PHLL ) 🇬🇧, Hays ($HAS (-1.04%) ) 🇬🇧

thursday

Speech by Luis de GuindosVice President of the ECB

EU Summit & Eurogroup Meetings

Speech by Isabel Schnabel, Member of the Executive Board of the ECB

- Quarterly figures from EQT AB ($EQT (-2.29%) ) 🇸🇪, EssilorLuxottica ($EL (+0.83%) ) 🇫🇷, Nordea Bank ($NDA FI (-0.25%) ) 🇸🇪, Sartorius Stedim ($DIM (-1.61%) ) 🇩🇪, Nokia Oyj $NOKIA (-0.81%) ) 🇫🇮, Inter Cars SA ($n/a) 🇵🇱, Tauron Polska Energia ($TPE (+1.04%) ) 🇵🇱, Forvia ($FRVIA (-2.55%) ) 🇫🇮, Dunelm ($DNLM (+0.75%) ) 🇬🇧, Adtran Networks SE ($ADV (+0%) ) 🇩🇪, Olvi Oyj A ($OLVAS (-0.17%) ) 🇫🇮, Econocom ($ECOM ) 🇧🇪, Talenom Oyj $TNOM (+2.33%) ) 🇫🇮, Alisa Pankki Oyj ($ALISA (-0.42%) ) 🇫🇮

Friday

Eurogroup Meetings

CFTC EUR speculative net positions

Quarterly figures from Sodexo ($SW (+0.51%) ) 🇫🇷, Linea Directa Aseguradora ($LDA (-3.21%) ) 🇪🇸, Alma Media ($002950 ) 🇫🇮, Gofore ($GOFORE (+1.34%) ) 🇫🇮

The market overview for 🇺🇸 & 🇪🇺:

US MARKET🇺🇸

Monday

• PACS Group ($PACS) and UL Solutions ($ULS) have potential IPOs.
• Neel KashkariPresident of the Minneapolis Fed, delivers remarks.

Tuesday

• Release of the NFIB Small Business Optimism Index (March).
• Quarterly reports from WD-40 ($WDFC (+3.19%) ) and Tilray Brands ($TLRY (-2.1%) ).

Wednesday

• Publication of the consumer price index (March).
• Publication of the wholesale stocks (March).
• Publication of the minutes of the March meeting of the Federal Open Market Committee (FOMC).
• Publication of the monthly federal budget of the USA (March).
• Speeches by Austan GoolsbeePresident of the Chicago Fed.
• Quarterly reports from Delta Air Lines ($DAL (+1.41%) ) and Applied Digital ($APLD ).

Thursday

• Publication of the initial applications for unemployment benefits (April 5).
• Publication of the producer price index (March).
• Speeches by John C. Williams, President of the New York Fed, and Raphael BosticPresident of the Atlanta Fed.
• Quarterly reports from Constellation Brands ($STZ (+1.23%) ), Fastenal ($FAST (-0.16%) ) and CarMax ($KMX (-0.39%) ).

Friday

• Publication of the preliminary Michigan Consumer Sentiment Index (April).
• Speeches by Raphael Bostic, President of the Atlanta Fed, and Mary C. DalyPresident of the San Francisco Fed.
• Quarterly reports from JPMorgan Chase ($JPM (+0.97%) ), Wells Fargo ($WFC (+1.06%) ), BlackRock ($BLK ), Citigroup ($C (+1.33%) ), State Street ($STT (-0.14%) ) and Progressive ($PGR (+3.25%) ).

EUROPEAN MARKET🇪🇺

Monday

• Publication of Industrial Production Index🇪🇺

Tuesday

• ZEW Economic Sentiment🇩🇪 will be published
• Quarterly reports from Ericsson ($ERIC A (-0.26%) )🇸🇪, Beiersdorf AG ($BEI (-0.46%) )🇩🇪, Sika ($SIKA (-2.16%) )🇨🇭, Rio Tinto PLC ($RIO (-2.95%) )🇬🇧

Wednesday

• Release of CPI data🇪🇺
• Quarterly reports from Hays ($HAS (-1.04%) )🇬🇧, Petershill Partners ($PHLL )🇬🇧, Just Eat Takeaway ($TKWY (+0.07%) )🇬🇧, Entain ($ENT (+1.34%) )🇬🇧, La Francaise ($FDJ (+0.94%) )🇫🇷, Legal & General ($LGEN (-0.62%) ), Tryg ($TRYG (+0.33%) )🇩🇰, BHP Group Ltd ($BHP (-3.74%) )🇬🇧, ASML Holding ($ASML (-0.38%) )🇳🇱Volvo B ($VOLV B (-3.37%) )🇸🇪, Severstal ($CHMF )🇷🇺

thursday

• Publication of Construction Output🇪🇺
• Quarterly reports from Danone ($BN (-0.89%) )🇫🇷, Nokia Oyj ($NOKIA (-0.81%) )🇫🇮, Tele2 AB ($TEL2 B (+0.23%) )🇸🇪

Christmas gift dad

Nokia is back on the cell phone market with a new 6310. The 0.3 megapixel camera and the lack of LTE / 5G features are particularly convincing for me.

But all jokes aside. I really had to laugh when I saw that Nokia is going back to the roots here. I mean a real advantage is maybe the battery life, if you need the phone only for emergencies or somewhere long in the wilderness is on the road.

Still, I wonder who would buy a device here, except for nostalgia, given the current smartphone offer. 60 € should cost the fun in any case :)

$NOKIA (-0.81%) will in any case by the new device a Strong Buy for me 🧢

https://www.pcgameshardware.de/Handy-Smartphone-229953/News/Neues-Nokia-6310-1384232/

Happy start of the week dear 𝐆𝐞𝐭𝐪𝐮𝐢𝐧 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐭𝐲. I'm still on vacation, but look forward to bringing you content again soon, which Sören is currently taking over. Last week, the renowned IAM magazine (leader in technology/licensing and patents) published a tech-report about 𝐒𝐦𝐚𝐫𝐭 𝐄𝐧𝐞𝐫𝐠𝐲 written by me, which already made it to the Most Reads list. Here is a small excerpt for you - 𝐋𝐢𝐧𝐤 𝐮𝐧𝐭𝐞𝐫𝐦 𝐓𝐞𝐱𝐭. The article is written in English - here is a short translation.

The demand for electricity and for energy in general has increased rapidly in the last century, and so has the price. Therefore, efficient use of electricity is essential. One solution to meet the rising demand is smart energy technologies, i.e., so-called "smart technologies" that improve efficiency in the areas of energy conversion, generation, storage, transmission and consumption. Innovations in this area typically focus on sustainable and renewable energy sources while reducing costs.

[...]

The success and adoption of smart energy depends on the technology leaders listed in the report developing devices, chips, networks, applications, services, sensors, and connectivity standards to realize the initial use cases of smart energy. As electricity supply and consumption become more expensive, advances in smart energy must be made. These achievements can not only reduce costs, but also lead to a reduction in CO2 emissions and make an important contribution to combating climate change.

𝐋𝐢𝐧𝐤 𝐳𝐮𝐦 𝐀𝐫𝐭𝐢𝐤𝐞𝐥:

https://www.iam-media.com/the-biggest-owners-of-patents-seps-and-standard-contributions-smart-energy-technology

Best regards from France,

your Magnus from @rainbow_stocks

𝐍𝐨𝐤𝐢𝐚 𝐭𝐨 𝐭𝐡𝐞 𝐦𝐨𝐨𝐧? Nokia was in the headlines after it announced it would cut 10,000 jobs at the beginning of the year. At the same time, however, it was also conveyed that it wanted to put the money into research and development. Since March, Nokia has been doing well and the Q2 numbers have given Nokia a further boost. UBS, Goldman Sachs, JP Morgan, Barclays have given the stock a Buy rating, according to Finanznachrichten.de rated the stock at Buy. The stock, which has also been discussed in Reddit forums, definitely has what it takes to attract some investors again. We remain excited and look forward to the future development.

Group restructuring underway and producing first good results. I will build up a small item for this and create a savings plan.