AT&T

Update analyst assessments:

$TSLA (+0.05%) | RBC raises target price for TESLA from USD 236 to USD 249. Outperform.

$KO (+1.89%) | JPMORGAN lowers the price target for COCA-COLA from USD 78 to USD 75. Overweight.

$TMUS (+0.79%) | UBS raises the price target for T-MOBILE US from USD 210 to USD 255. Buy.

$T (+1.34%) | UBS raises the price target for AT&T from USD 24 to USD 25. Buy.

$AOF (+0.76%) | WARBURG RESEARCH raises the price target for ATOSS SOFTWARE from EUR 142 to EUR 144. Buy.

$UA (+0.76%) | UBS raises the price target for UNDER ARMOUR from USD 11 to USD 12. Buy.

$JST (-0.12%) | WARBURG RESEARCH raises the price target for JOST WERKE from EUR 62 to EUR 77. Buy

$IBM (+4.22%) | UBS raises the price target for IBM from USD 145 to USD 150. Sell.

$FTK (-0.97%) | HAUCK AUFHÄUSER IB downgrades FLATEXDEGIRO from Buy to Hold and lowers target price from EUR 16 to EUR 15.

$ROG (+0.88%) | DEUTSCHE BANK RESEARCH raises the price target for ROCHE from CHF 235 to CHF 250. Sell.

$EBAY (+1.18%) | UBS raises the price target for EBAY from USD 59 to USD 72. Neutral.

$KER (-2.7%) | RBC lowers the price target for KERING from EUR 280 to EUR 230. Sector-Perform.

Earnings next week 🗓️

$SAP (+0.95%)

$NUE (+0.59%)

$VZ (+1.42%)

$GM (+2.23%)

$MMM (+0.67%)

$RTX (+1.87%)

$GE (+2.09%)

$ENPH (+0.28%)

$TXN (+0.59%)

$VRT (+5.47%)

$BA (-1.36%)

$T (+1.34%)

$KO (+1.89%)

$NEE (+1.44%)

$GEV (+0.62%)

$TMO (+1.71%)

$TSLA (+0.05%)

$LRCX (+4.98%)

$IBM (+4.22%)

$NOW (+1.98%)

$TMUS (+0.79%)

$AAL (-0.88%)

$UPS (+0.42%)

$LUV (+0.86%)

OpenAI has completed its financing round, raising over 6,6 billion US dollars.

This puts the company at 157 billion US dollars, which is equivalent to the market capitalization of companies such as Uber $UBER (+0.76%) and AT&T $T (+1.34%).

OpenAI is calling on investors to support rival start-ups such as Elon Musk's xAI not to support rival start-ups like Elon Musk's xAI - Financial Times

AT&T
$T (+1.34%) has decided to sell its majority stake in DirecTV for 7,6 billion dollars in cash to private equity firm TPG, Bloomberg reports.

My watchlist, and yours? 😅

$TECH
$AKT
$TI
$EN (-1.2%)

$HAT

$MICH

$GE (+2.09%)
$BLOCK (+4.36%)
$T (+1.34%)

$WAS

$EIN3 (+0.08%)

$MUS
$CHI

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 (+1.34%) 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 (+4.22%) 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 (+0%) 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 (-3.17%) 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

What we can expect from tomorrow:

Monday:

• SAP ($SAP (+0.95%)) Verizon, Communications ($VZ (+1.42%)) Ryanair Holdings ($RYAAY),
• Truist Financial ($TFC (+2.7%)) report figures

Tuesday:

• Existing property sales (June)
• Alphabet ($GOOGL (-5.23%)), Tesla ($TSLA (+0.05%)), Visa ($V (+1.31%)), Coca-Cola ($KO (+1.89%)), GE Aerospace ($GE (+2.09%)), Comcast ($CMCSA (+1.64%)), United Parcel Service ($UPS (+0.42%)) report figures

Wednesday:

• S&P Global Flash Composite U.S. PMI (July)
• New real estate sales (June)
• Advance International Trade (June)
• Advance retail inventories (June)
• Advance wholesale stocks (June)
• Thermo Fisher Scientific ($TMO), IBM ($IBM (+4.22%)), ServiceNow ($NOW (+1.98%)), AT&T ($T (+1.34%)) report figures

Thursday:

• Gross Domestic Product (GDP) (Q2)
• Durable goods orders (June)
• FigVie ($ABBV (+2.98%)), AstraZeneca ($AZN (+1.64%)), Union Pacific Corp ($UNP (+2.72%)), Unilever ($UL (-0.45%)), Honeywell International ($HON (+0.27%)) - report figures

Friday:

• Personal Consumption Expenditure (PCE) Index (June)
• Consumer Sentiment (July)
• Bristol Myers Squibb ($BMY (+0.83%)), Colgate-Palmolive ($CL (+0.76%)), 3M ($MMM (+0.67%)) report figures

Hello everyone,

I wanted to get your opinions on AT&T. I myself find the company exciting as it is a large telecommunications provider in the USA similar to Telekom in Germany. It is also the fourth largest telecommunications company in the world and the largest mobile phone provider in the USA. In addition, the share price has been moving sideways for 10 years with a slight downward trend. It must also be said that it pays a dividend of over 6%. I have Telekom in my portfolio for the German market and am considering adding AT&T for the US market. $T (+1.34%)

$T (+1.34%) Is AT&T a buy again?

"After a net profit of 3.4 billion dollars in the first quarter of this year, AT&T is aiming for a total profit of up to 16 billion dollars in 2024. With a good 120 billion dollars in sales, this would be a net return of around 13 percent - significantly more than Deutsche Telekom's eight percent. Stable earnings prospects and the high dividend make AT&T a basic investment again."

Wirtschaftswoche