500% in one week what's going on?
Discussion about WOLF
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14
2Mon·
Dates week 22
As every Sunday, the most important news from the past week, as well as the most important dates for the coming week.
Also as a video:
https://youtube.com/shorts/v6AYDp_r3Tc?si=vg0ef8skpP7Mdt8R
Tuesday:
The DAX rises to more than 24,000 points at the start of trading. In addition to the dividend payments, producer prices are also responsible for this. These were lower than expected and were 0.9% below the same month last year. Falling energy prices are primarily responsible for this.
Wednesday:
After Northvolt, Wolfspeed also faces $WOLF (-6.06%) Wolfspeed also faces insolvency. Northvolt received billions for the construction of a factory in Schleswig-Holstein, Wolfspeed should have received large subsidies. Fortunately, the company put the plans on ice some time ago. Intel $INTC (-0.51%) Intel has also postponed investments. It should be clear that subsidies are not a sustainable industrial policy.
Thursday:
Uncertainty is decreasing according to the ifo business barometer, which is good news. Uncertainty is the little brother of a lack of planning security and therefore an obstacle to investment.
Friday:
The German economy surprisingly grew again. Compared to the previous quarter, GDP increased by 0.4%, whereas only 0.2% had been expected.
Trump puts renewed pressure on the negotiations with the EU and announces 50% extra tariffs. The markets slide before the weekend.
Saturday:
The Supreme Court in the US strengthens Jerome Powell's position. The Chairman of the Fed cannot be dismissed by Trump. His demand was dubious from the outset, and the confirmation is also likely to be a signal to investors that the Fed will remain independent.
These are the most important dates in the coming week:
Wednesday: 20:00 FOMC minutes (USA)
Thursday: 14:30 Labor market data (USA)
Friday: 01:30 Inflation data (Japan)
22
2Mon·
21.05.2025
Hornbach Holding sets itself modest targets + Wolfspeed prepares to file for insolvency + Siemens senses a unique opportunity in AI
Hornbach Holding $HBH (+0.77%)sets itself cautious targets
- The poor consumer sentiment and ongoing cost pressure will weigh on the DIY store and building materials group Hornbach Holding in the coming months.
- Despite ongoing spending discipline, further cost increases are expected due to inflation-driven salary rises, as the company announced on Wednesday in Bornheim when presenting its figures for the past 2024/2025 financial year (to the end of February).
- Meanwhile, the start to the spring season was "very successful", according to the statement.
- However, the volatile macroeconomic and geopolitical environment continues to pose risks with regard to supply chains and consumer sentiment.
- The management expects sales for the new financial year, which has been running since the beginning of March, to be at or slightly above the previous year's level, when 6.2 billion euros were generated.
- This will be helped not least by newly opened stores. At the same time, only stable adjusted operating earnings before interest and taxes are expected compared to the 270 million euros achieved last year.
- Analysts had expected an increase.
- Hornbach had already presented preliminary figures for the past financial year almost two months ago.
- These have now been confirmed.
Wolfspeed $WOLF (-6.06%)is preparing to file for insolvency in the coming weeks
- Semiconductor supplier Wolfspeed is preparing to file for insolvency in the coming weeks as the company is struggling to cope with its mountain of debt.
- This was reported by the Wall Street Journal on Tuesday, citing people familiar with the matter.
- The company's shares fell by more than 57 percent in after-hours trading.
- Wolfspeed is struggling with sluggish demand in the industrial and automotive markets as well as uncertainty caused by tariffs.
- According to the report, the company plans to file for Chapter 11 bankruptcy with the support of a majority of its creditors after several out-of-court restructuring proposals were previously rejected by creditors.Wolfspeed declined to comment to Reuters.
- The company, which manufactures chips based on silicon carbide, had already expressed doubts about its ability to continue as a going concern earlier this month and forecast weaker annual sales than expected.
- Wolfspeed expects sales of USD 850 million for 2026, which is significantly below analysts' estimates of USD 958.7 million.
Siemens $SIE (+0.84%)senses a unique opportunity in artificial intelligence (AI)
- to take the digitalization and automation of industry to a new level.
- Peter Körte, who has been responsible for technology and strategy on the Siemens Managing Board since October, sees Europe as a leader in industrial AI, and Siemens in particular, and announced a major AI model for industry with which the technology group intends to expand its leading role.
- In his opening speech at the two-day AI conference, he referred to the larger industrial base in Europe compared to the United States and the leading role of companies in aviation, car production, the pharmaceutical industry and mechanical engineering. (FAZ)
Wednesday: Stock market dates, economic data, quarterly figures
- ex-dividend of individual stocks
- Nemetschek SE € 0.55
- Symrise AG € 1.20
- Jungheinrich AG € 0.80
- SAF Holland SE € 0.85
- SMT Scharf AG Reg- istered Shares € 0.21
- FCR Immobilien A- G Ordinary Shares € 0.45
- Quarterly figures / Company dates USA / Asia
- 18:00 Amazon AGM
- Quarterly figures / Company dates Europe
- 07:00 Hornbach Holding Annual results
- 10:00 CTS Eventim | Porsche AG | SGL Carbon | Swatch AGM
- 11:00 Puma AGM
- 16:00 Halliburton | United Airlines | Mondelez AGM
- 18:00 Freenet quarterly figures
- Economic data
01:50 JP: April trade balance
08:00 UK: Consumer prices April Forecast: +1.0% yoy/+3.4% yoy Previous: +0.3% yoy/+2.6% yoy Core Forecast: +1.2% yoy/+3.6% yoy Previous: +0.5% yoy/+3.4% yoy
10:00 EU: ECB, Financial Stability Report May 2025
16:30 US: Crude oil inventory data (week) from the government Energy Information Administration (EIA) previous week
No time specified:
- US: U.S. President Trump, meets South Africa's President Ramphosa
- CA: Continuation of the meeting of G7 finance ministers and central bank governors (20-22.05.)
1717
2Mon·
Wolfspeed on the brink of insolvency
Wolfspeed is being crushed by its debts. Trump had canceled a government subsidy for the silicon carbide manufacturer with factories in the USA.
The manufacturer of silicon carbide semiconductors Wolfspeed will file for bankruptcy in the coming weeks. This was reported by the Wall Street Journal (paywall), citing sources familiar with the matter. The reason for this is the listed company's high level of debt.
After Wolfspeed rejected several proposals from creditors to restructure its debts out of court, the company is now seeking a plan under the US Chapter 11 procedure, which is supported by the majority of its shareholders.
The company's shares fell by over 57 percent in extended trading.
Wolfspeed is struggling with sluggish demand in the industrial and electric car markets as well as uncertainty caused by the Trump administration's tariffs. Wolfspeed did not issue a statement
made no statement.
3,500 employees could lose their jobs
The company expressed doubts about its ability to continue operations earlier this month and forecast weaker-than-expected annual sales. Wolfspeed expects revenue of USD 850 million for its 2026 financial year, which is below analysts' estimates of USD 958.7 million.
Wolfspeed is headquartered in Durham in the US state of North Carolina. The Group has 3,500 employees in 17 countries. It has its own modern factory in Marcy, New York.
Wolfspeed wanted to build the world's largest plant for silicon carbide (SiC) semiconductors in Saarland. The transmission manufacturer ZF had agreed to take a minority stake in the factory. Wolfspeed wanted to build on the site of a former coal-fired power plant in Ensdorf. The project has been postponed indefinitely.
Wolfspeed was actually supposed to receive a total of 1.5 billion US dollars for two construction projects from the US Chips Act, the 52 billion US dollar funding program for the semiconductor industry in the USA set up under the Biden administration. However, while Intel, Samsung and TSMC received funding shortly before the end of Joe Biden's term of office, Wolfspeed did not receive any government aid. Wolfspeed's debt stands at 6.4 billion US dollars, plus convertible debt of 575 million US dollars, which is due by May 2026.
In 2017, Infineon tried to buy Wolfspeed, but the acquisition was blocked by CFIUS, the Committee on Foreign Investment in the United States.
88
9 Comments
Wow, I had it on my radar 2 years ago, but quickly decided against it due to years of losses. Didn't want a second Plug Power in my portfolio 😅 Seems to have been the right call. Fingers crossed for those who are invested!
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3Mon·
I told you so, Wolfspeed to the Moon
The party begins $WOLF (-6.06%)
1515
16 Comments3Mon
Great, now I'm only 70% in the red 😁
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5Mon·
Wolfspeed reported earnings Q2 FY2025 results ended on December 29, 2024
- Revenue: $180.5M, -13% YoY from $208.4M
- Net loss: $372.2M vs net loss of $126.2M YoY
- GAAP gross margin: -21% vs +13% YoY
- Mohawk Valley Fab revenue: $52M vs $12M YoY
🌱Revenue & Growth
- Power Products revenue: $90.8M vs $107.7M YoY
- Materials Products revenue: $89.7M vs $100.7M YoY
- Total revenue decline of 13% YoY to $180.5M
💰Profits & Financials
- Non-GAAP gross margin: 2% vs 16% YoY
- Operating loss: $323.0M vs $98.1M YoY
- Cash and investments: $1.4B vs $2.17B at June 30, 2024
- Free cash flow: -$598.1M vs -$755.2M YoY
📌Business Highlights
- Completed $200M at-the-market equity offering
- Incurred $188.1M restructuring costs for facility optimization
- Transitioning from 150mm to 200mm silicon carbide devices
🔮Future Outlook
- Q3 FY2025 revenue guidance: $170M-$200M
- Q3 GAAP net loss targeted: $(295)M to $(270)M
- Q3 Non-GAAP net loss targeted: $(138)M to $(119)M
- Expects $72M restructuring costs in Q3
22
7Mon·
As every Sunday, the most important news from the past week, as well as the dates for the coming week.
Also as a video:
https://youtube.com/shorts/oV3omttRVN0?si=4olXTaUPp-fMjSYS
Monday:
The subsidy bankruptcy of our Economics Minister continues. At $INTC (-0.51%) Intel and $WOLF (-6.06%) Wolfspeed, the plants were not even built and therefore no subsidies have been paid. Things could now get even worse at Northvolt, where the subsidies have already been paid out. However, Northvolt has now filed for bankruptcy. In the worst case scenario, the state has given away 620 million euros of taxpayers' money.
On Monday, the mood in US industry brightened surprisingly strongly. Nevertheless, the purchasing managers' index signals a slowdown.
Tuesday:
The DAX breaks through the 20,000 point mark for the first time in its history, reaching a new record high.
South Korea's president declares martial law. This is in response to the threat posed by North Korea. The rest of the world sees this as a coup d'état and protests break out.
https://www.instagram.com/p/DDHpNlBsl0c/?igsh=MW5ycDh2NHNkbno1dg==
Thursday:
$HFG (+1.13%) Hellofresh can gain significantly after several upgrades by analysts. Jeffries and JPMorgan have raised the price target by 100% in some cases.
Friday:
The largest free trade zone in the world could be created, the so-called Mercosur agreement between the EU and South America. France still wants to scupper the deal, but Javier Milei wants the free trade zone. The Mercosur agreement was adopted on Friday evening.
Consumer sentiment in the US has continued to improve. The Michigan Consumer Sentiment Index rose. This means that consumer sentiment has improved for the fifth month in a row.
Saturday:
Billionaires are relocating more often since Covid. At least according to a new study by $UBSG (+1.07%) UBS. The main influencing factors are the quality of life in the respective countries, as well as the legal framework for the wealthy. The main target countries are therefore also countries with particularly low taxes: The USA 🇺🇸, Switzerland 🇨🇭, the UAE 🇦🇪 and Singapore 🇸🇬.
https://www.instagram.com/p/DDSYluRumiW/?igsh=YjJkb3gybWhxc3I4
Key dates for the coming week:
Tuesday: 08:00 Inflation data (DE)
Wednesday: 15:45 Interest rate decision BoC (Canada)
Thursday: 14:30 Interest rate decision (ECB)
What other important dates can you think of?
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