Continent

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/qddXVLwZJxA?si=fuYDrtqdo6eoQnvb

Monday:

After various announcements, China is apparently getting serious and actually changing its monetary policy, for the first time in 14 years. The central bank is to pursue a looser monetary policy, meaning interest rate cuts to stimulate the economy. Stocks in China and luxury companies are also benefiting from the news.

https://www.handelsblatt.com/finanzen/geldpolitik/geldpolitik-china-lockert-seine-geldpolitik-und-will-konsum-ankurbeln/100093699.html

$CON (-2,07 %) Continental is following the path of many suppliers. The tire business (which has a promising future) is being spun off from the traditional supplier business. In this way, Continental is ensuring that the company will survive the end of the combustion engine.

https://www.handelsblatt.com/unternehmen/industrie/autozulieferer-continental-vorstand-beschliesst-abspaltung-des-zulieferergeschaefts/100093743.html

Tuesday:

The company $TMV (-1,84 %) Teamviewer is under pressure following the purchase of London-based software specialists 1E. Teamviewer is buying 1E for around 720 million euros, which would be the largest acquisition in the history of the Göppingen-based company. Products from 1E can probably detect and rectify software problems at an early stage. Well-known customers include Adidas, Nike and AT&T.

https://m.focus.de/finanzen/boerse/software-konzern-expandiert-teamviewer-uebernimmt-softwarefirma-1e_id_260549204.html

Inflation in Germany remains above the ECB's 2% target for the time being. According to the HICP, inflation in November was 2.2% compared to the previous year.

https://www.handelsblatt.com/politik/konjunktur/teuerungsrate-inflation-wieder-ueber-zwei-prozent-marke/100093884.html

Wednesday:

$ZAL (-3,57 %) Zalando buys its direct competitor $YOU (+0 %) About You for 1.1 billion euros. The reason for the consolidation is the growing competition from China, e.g. Shein and Temu. Zalando pays a hefty premium of 65% on the last stock market price.

https://www.handelsblatt.com/unternehmen/handel-konsumgueter/zalando-moderiese-kauft-konkurrenten-about-you-von-otto-gruppe/100094079.html

The Bank of Canada cuts its key interest rate by half a percentage point. This major cut in the prime rate was expected by most experts. The reason for this was poor labor market

https://www.bnnbloomberg.ca/business/economics/1970/01/01/bank-of-canada-cuts-key-interest-rate-by-50-bps-to-325/

Thursday:

The Kiel Institute for the World Economy also expects 0% growth in Germany in 2025. Stefan Kooth, economist and Head of the Forecasting Center at the IfW, is calling for a move away from interventionism in economic policy and for better framework conditions instead. In this context, he takes a positive view of the idea of more Musk and Milei.

https://www.handelsblatt.com/politik/konjunktur/stefan-kooths-solche-werte-sehen-wir-sonst-nur-bei-massiven-schocks/100093744.html

The ECB cuts the deposit rate again to 3.0%. This is the fourth rate cut we have seen this year.

https://www.n-tv.de/wirtschaft/EZB-schraubt-Zinsen-weiter-nach-unten-article25428364.html

Most important dates in the coming week:

Monday: 9:30 Purchasing Managers' Index (DE)

Wednesday: 20:00 Interest rate decision (USA)

Thursday: 14:30 Economic data (USA)

What other important dates can you think of?

#index
#usa
#fed
#zinsen

10.10.2024

Ministry of Justice considers splitting up Google + Varta in rally mode due to contract with Porsche for lithium cells + Deutsche Telekom wants to pay out more money and buy back its own shares + Bayer very weak + Continental very firm

In August, an American federal court ruled that Google $GOOGL (-1,77 %) used illegal methods to maintain its monopoly in the online search sector. The consequences of the decision are now under discussion. The US Federal Department of Justice is continuing to discuss a split-up.

https://www.computerbase.de/news/netzpolitik/kartellklage-in-den-usa-justizministerium-erwaegt-aufspaltung-von-google.89908/

The recovery rally that began the previous day at Varta $VAR1 (+9,45 %) continued on Wednesday due to encouraging news. The share price had already risen by more than 29 percent on Tuesday and now there was a further jump of 79 percent on Wednesday. Most recently, the shares of the battery manufacturer, which had got into difficulties, cost 3.40 euros. Varta had announced the signing of a contract with the sports car manufacturer Porsche AG $P911 (+3,25 %) regarding an investment in the field of large-format lithium-ion cells. According to a statement on Wednesday, the company agreed with its customer Porsche on a majority stake in the Varta subsidiary V4Drive Battery GmbH. A capital increase is to be carried out at the subsidiary in order to implement the investment. Varta had already announced on Monday that key agreements had been concluded with financiers and investors, marking a further milestone in its restructuring concept. Short-term bridge financing was also announced on Monday.

The Deutsche Telekom $DTE (+0,4 %) intends to pay out a higher dividend to its shareholders for the current year than expected. The payout is to rise from 77 cents in the previous year to 90 cents per share, the DAX-listed company announced before an investor event in Bonn on Thursday. Analysts had expected slightly less on average. The dividend proposal still has to be confirmed at the Annual General Meeting. Deutsche Telekom also announced share buybacks of up to two billion euros for 2025. The Board of Management will then present its targets for the coming years on Thursday and Friday.

Bayer $BAYN (+1,96 %) fell by 6.8 percent following a decision by the Supreme Court in the US state of Washington to reopen a lawsuit concerning the long-term health effects of the chemical PCB. Bayer had received a favorable decision in the lower court as recently as May, when an appeals court overturned a first-instance decision due to errors. Compensatory and punitive damages totaling USD 185 million, which three teachers at a school in the greater Seattle area had won before a jury in 2021, were awarded.

Continental $CON (-2,07 %) on the other hand, gained 7.2 percent. The automotive supplier is likely to achieve the majority of the positive effects from outstanding price negotiations in the third quarter, as it told analysts. "The statements are being interpreted to mean that the third quarter went somewhat better than feared," said one market participant.

Thursday: Stock market dates, economic data, quarterly figures

ex-dividend of individual stocks

AT&T USD 0.28

Oracle 0.40 USD

Verizon Communications USD 0.68

Quarterly figures / company dates USA / Asia

Untimed: Tesla: Presentation of Tesla's Robotaxi announced

Quarterly figures / company dates Europe

07:00 Deutsche Telekom | Gerresheimer | Südzucker quarterly figures | Givaudan sales 9 months

07:30 About You result 1H

09:30 Mercedes-Benz sales figures 3Q | Deutsche Pfandbriefbank PK for Capital Markets Day

10:00 BMW sales figures 3Q

No time specified: Deutsche Telekom Capital Markets Day

Economic data

• 01:50 JP: Producer prices 9/24
• 08:00 DE: Retail sales August
• 13:30 EU: ECB, minutes of the September 11/12 Governing Council meeting
• 14:30 US: Initial Jobless Claims (week) FORECAST: 230,000 previous: 225,000 | Real Income September
• 14:30 US: Consumer Prices September PROGNOSE: +0.1% yoy/+2.3% yoy previous: +0.2% yoy/+2.5% yoy Core rate PROGNOSE: +0.2% yoy/+3.2% yoy previous: +0.3% yoy/+3.2% yoy

$CON (-2,07 %) Take the right step and to our blessing we can only hope that other German companies will do the same. Information from today's presentation.

Stock analysis/Share presentation ⬇️

Today we are talking about the company Continental: $CON (-2,07 %)

What is and does Continental anyway 🤔

Continental is a leading German company in the automotive industry. They develop and produce tires, brakes, drive systems and other vehicle components. They are also active in the fields of electromobility, autonomous driving, and vehicle safety. Continental is known worldwide for their innovative technology and high-quality products.

How many employees does the company have: 🙋🏽‍♂️🙋🏻‍♀️

Continental currently employs a total of around 240,000 people.

Market capitalization: 🏦

Continental currently has a market capitalization of around €13.2 billion.

Dividend yield: 💰

The company currently pays its shareholders a dividend of 2.27%. The dividend will be paid to shareholders in May.

Strengths of the share: 📈

Some of Contintal's strengths are:

• Innovation leadership: Continental is known for its continuous development and introduction of innovative technologies in the automotive industry.
• Broad product portfolio: The company offers a wide range of products, including tires, brakes, powertrain systems, driver assistance systems and more.
• Worldwide presence: Continental operates globally and has locations all over the world, which enables them to serve customers in different markets.
• Sustainability: The company is committed to sustainability and develops environmentally friendly solutions, such as low rolling resistance tires and electric mobility technologies.
• Research and development expertise: Continental invests heavily in research and development to develop innovative solutions for the mobility of the future.
• Strong customer relationships: The company maintains close relationships with leading automakers and is a preferred supplier to many of them.

Weaknesses of the share: 📉

Some of Continental's weaknesses are:

• Dependence on the automotive industry: as Continental is mainly active in the automotive sector, the company is highly dependent on the fluctuations in this sector.
• Challenges of electromobility: The transition to electromobility poses a challenge as the demand for certain components, such as combustion engines, may change.
• Competitive pressure: Continental faces a highly competitive market environment and competes with other large companies in the automotive supply industry.
• Dependence on raw material prices: Fluctuations in raw material prices, especially of rubber and metals, may have an impact on Continental's costs and profitability.
• Regulatory challenges: The company has to deal with various regulations and rules in the different countries in which it operates.

A little more about the business model: ⬇️

Continental's business model is very diverse and covers various areas in the automotive industry. The company is one of the world's leading automotive suppliers and develops, produces and sells a wide range of products and solutions for vehicles. A central part of Continental's business model is the development and production of vehicle components such as tires, brakes, drive systems, electronics and sensor technology. Continental is known for its high-quality tires and supplies both the original equipment market and the aftermarket. The company is also a major supplier of brakes and drive systems for vehicles. In addition, electronics play a crucial role in Continental's business model. The company develops and produces innovative electronics solutions for various applications in vehicles, such as infotainment systems, driver assistance systems and vehicle networking. These technologies help to improve the safety, comfort and efficiency of vehicles. Another important area in Continental's business model is software development. The company invests heavily in the development of software solutions for connected vehicles and autonomous driving. Continental is working to develop advanced driver assistance systems and autonomous driving functions to shape the mobility of the future. In addition to the development and production of vehicle components, electronics and software, Continental also offers various services. For example, the company operates an extensive network of workshops and service centers to support customers in the maintenance and repair of vehicles. Continental's business model is based on innovation, quality and customer proximity. The company continuously invests in research and development to develop innovative solutions for the constantly changing requirements of the automotive industry.

When and where Continental was founded 🤔

Continental was founded in Hanover, Germany, in 1871. The company started as a pure rubber factory and has developed over time into a leading global technology company for the automotive industry. Today, Continental is a global player with locations in over 60 countries. The company is known for its innovative solutions in the fields of tires, vehicle electronics, drive systems and intelligent mobility. Continental has a long tradition in the development of pioneering technologies and makes a significant contribution to the progress of mobility.

Continental's goal: 🏁

Continental is a leading technology provider for the mobility of the future. Continental's goal is to develop innovative solutions that improve the safety, efficiency and sustainability of vehicles. The company focuses on the development of intelligent tires, advanced driver assistance systems, and environmentally friendly drive technologies. Through its products and services, Continental helps to make mobility safer, more comfortable and more environmentally friendly.

Your opinion: 🤔🧐

Now I would like to hear your opinion about this stock in the comments.

What do you think of Continental and did you already know this company?

Do you have this stock in your portfolio?

Feel free to let me know in the comments.

Of course, this is not investment advice but just my own opinion that I would like to share with you.

getquin Daily Summary 09.08.2022

Hello getquin,

Very cool to see all your #sankey to see your money flows! Added nevertheless gladly the #sankey to your posts so that other users can find your posts better.🚀

Feel free to check out https://www.finanzfluss.de/rechner/flussdiagramm/ to create your Sankey diagram!

Europe🌍:

1. fintech Nuri is insolvent

The Berlin-based crypto bank has not received any new investments from backers. About 500,000 customers and total assets of about 500 million euros are affected. The fintech had been working hard to raise fresh capital in recent hours, but it is now clear: Berlin-based cryptobank Nuri is insolvent. The company announced the information on Tuesday afternoon.

Surprising news: https://bit.ly/3bK4zgP

America🌏:

2nd Devon Energy buys Validus for $1.8 billion

Shale oil producer Devon Energy (DVN.N) announced Tuesday that it will buy Validus Energy, an operator in the Eagle Ford Basin, for $1.8 billion.

The deal comes at a time when oil producers are benefiting massively from a surge in oil and gas prices as sanctions against major producer Russia following its invasion of Ukraine curb supply amid a rebound in demand.

Hedge fund Elliott Management invested in Validus last year to help the company acquire assets in Eagle Ford, Texas, from Ovintiv Inc for $880 million.

More on the deal: https://reut.rs/3QebOwr

🟩 $DVN (-0,39 %) (🔼 +0,76%)

Special:🎤

3. Serena Williams announces her retirement from tennis

Tennis legend Serena Williams announced her retirement in a Vogue article published Tuesday. "I've never liked the word retirement," Williams wrote. "Perhaps the best word to describe what I'm about to do is evolution. I'm here to tell you that I'm evolving away from tennis and toward other things that are important to me."

Williams, who turns 41 next month, has 73 singles titles, 23 doubles titles and more than $94 million in winnings in her career.

Do you follow tennis? https://cnb.cx/3QqkShm

• Domino's Pizza announces withdrawal from Italy

• Warren Buffet's Berkshire Hathaway now owns more than 20% of Occidental (exploration and production of oil and natural gas)

Quarterly figures:

🚘Continental $CON (-2,07 %)

Continental AG on Tuesday reported second-quarter figures that missed analysts' forecasts and sales that exceeded expectations. Shares of the automotive supplier are down 27% year-to-date, trading at €67.11, below their 52-week high, and underperforming the DAX, which is down 14.84% so far this year.

EPS: 🟥 € 1.24 expected vs € -1.26 published; Difference: -201.69 %

⛴ Norwegian Cruise Line $NCLH (-1,82 %)

EPS: 🟥 -0.86 $ expected vs -1.14 $ published

Sales: 🟥 Missed by $1.2 billion

Stocks of the day:

🟩 TOP. $NLSN 27,00 € (🔼 +20,54%)

➡️ Market research company

👍 Dividend payout

🟥 FLOP $HKD 276 $ (🔽 -31,85%)

➡️ software solutions provider

👎 Volatile share

🟥 Most searched $NVDA (-1,98 %) , 167,68 (🔽 -3,94%)

🟥 Most traded $BBBY , 9,92 (🔽 -18,1%)

🟥 S&P500, 4,120.63 (🔽 -0.47%)

🟥 DAX, 13,566.04 (🔽 -0.86%)

🟥 bitcoin ₿, 22,601.84 (🔽 -3.23%)

Time: 17:00 CEST

Fun Fact:

Did you know that 65% of the autobahns in Germany have no speed limit?

𝗴𝗲𝘁𝗾𝘂𝗶𝗻 𝗗𝗮𝗶𝗹𝘆 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 𝟮𝟭.𝟬𝟰.𝟮𝟬𝟮𝟮

Hello dear getquin community,

No more Solarisbank after all? +3% despite lowered profit forecast? Read about it now in your Daily Summary!

𝗗𝗲𝘂𝘁𝘀𝗰𝗵𝗹𝗮𝗻𝗱🇩🇪:

𝟭. 𝗧𝗿𝗮𝗱𝗲 𝗥𝗲𝗽𝘂𝗯𝗹𝗶𝗰 𝘄𝗲𝗰𝗵𝘀𝗲𝗹𝘁 𝘇𝘂𝗿 𝗗𝗲𝘂𝘁𝘀𝗰𝗵𝗲𝗻 𝗕𝗮𝗻𝗸

The German unicorn and neo-bank Trade Republic has changed its partner bank from Solarisbank to Deutsche Bank $DBK (-2,83 %) switched. Trade Republic users received the news via email today. The reasons remain unclear, especially since the partnership between Neobank and the "banking as a service" provider seemed more "natural".

🟩 Deutsche Bank:11,39€ (🔼+1,57%)

Click here for the article: https://bit.ly/3OlT0uR

𝟮. 𝗖𝗼𝗻𝘁𝗶𝗻𝗲𝗻𝘁𝗮𝗹 𝘀𝗲𝗻𝗸𝘁 𝗚𝗲𝘄𝗶𝗻𝗻𝗽𝗿𝗼𝗴𝗻𝗼𝘀𝗲 𝗳ü𝗿 𝟮𝟬𝟮𝟮 𝗱𝗲𝘂𝘁𝗹𝗶𝗰𝗵

In view of the Ukraine war and the Corona lockdown in China, it was only a matter of time before the first companies from the automotive industry had to revise their profit targets downward. Continental too $CON (-2,07 %) had to adjust its profit forecast.

🟩 Continental: €68.46 (🔼+3.04%)

You can find the article here: https://bit.ly/37uB3K3

𝗪𝗲𝗹𝘁🌎🌏🌍:

𝟯. 𝐓𝐞𝐬𝐥𝐚 𝐐𝐮𝐚𝐫𝐭𝐚𝐥𝐬𝐳𝐚𝐡𝐥𝐞𝐧

In Q1, Tesla $TSLA (-2,8 %) delivered over 310,000 vehicles, according to its own figures. In the process, the company generated Q1 revenue of $18.8 billion and the company's Q1 2022 profit was $3.3 billion.

🟩 Tesla: €1,052.60 (🔼+7.72%)

Tesla 🚀: https://bit.ly/3jW9dJ5

𝙎𝙩𝙤𝙘𝙠 𝙤𝙛 𝙩𝙝𝙚 𝙙𝙖𝙮:

🟩 TOP, $UAL (-2,39 %) United Airlines Holding Inc (🔼+11.91%)

🟥 FLOP, $AAL (-2,28 %) Anglo American PLC (🔽-8.26%)

🟥 Most searched, $NVDA (-1,98 %) Nvidia (🔽-0.84%)

🟥 Most traded, $NFLX (-1,28 %) Netflix Inc (🔽-6.38%)

🟩 S&P500, $4,482.72 (🔼+0.54%)

🟩 DAX, 14,527.79€ (🔼+1.15%)

🟩 $BTC (+2,68 %) ₿, $42,452.50 (🔼+2.60%)

🟩 $AAPL (-1,42 %) Apple Inc, $170.27 (🔼+1.82%)

Time: 17:00 CEST

What a day... That's all I'm going to say! Feel free to share your thoughts in the comments!

One of the big German companies that hasn't been able to get off the ground in recent years.

Over a 5-year period, the share is down almost 60%.

How do you plan to get out of this slump? With the now universally propagated panacea of splitting up.

The large Continental AG could become four independent companies:

1️⃣ Conti Tires

2️⃣ Conti Automotive

3️⃣ Conti Tech

4️⃣ Conti Autonomous Driving

So once again hidden assets are to be lifted. Once again, the story of the speedboats is propagated, which can act much faster independently and are more maneuverable.

The example of Siemens has shown that this can work. However, it is en vogue everywhere to play this management phrase. While the declared goal for many decades was to create large conglomerates, we are currently experiencing the opposite everywhere. It will be interesting to see whether things go in the other direction again in 20 years.

For me personally, such considerations as those made by Continental are no reason to invest. I would much rather see what the plans for the future of a company look like. In my opinion, very little comes from the management.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗗𝗶𝗴𝗶𝘁𝗮𝗹𝗲𝗿 𝗜𝗣𝗢 / 𝗚𝗲𝗻𝗲𝗿𝗮𝗹 𝗘𝗹𝗲𝗰𝘁𝗿𝗶𝗰𝘀 𝘁𝗲𝗶𝗹𝘁 𝘀𝗶𝗰𝗵 / 𝗧𝗵𝗲 𝗠𝘂𝘀𝗸 𝗯𝗿𝗼𝘁𝗵𝗲𝗿𝘀 / 𝗜𝗡𝗚 𝘂𝗻𝗱 𝗞𝗿𝘆𝗽𝘁𝗼

𝗜𝗣𝗢𝘀 🔔

CI&T - The price of CI&T's initial public offering has been announced. Shares are expected to begin trading on the New York Stock Exchange under "CINT" on November 10, 2021. A total of 13,043,478 shares of common stock will be offered at $15 per share. CI&T is a global digital specialist and end-to-end digital transformation partner for over 50 large enterprises. It also has a global presence in 8 countries.

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, among others, Alliance Data ($LID (-1,14 %)), A10 Networks ($8A0 (-1,16 %)), BP ($BPE5 (+1,65 %)), Crown Holdings ($CWN (-0,82 %)), Corteva ($2X0 (-1,81 %)), Calavo Growers ($CVGW), Emerson Electric Company ($EMR (-2,37 %)), Comfort Systems USA ($9CF (-2,24 %)), Honeywell International ($ALD (-0,27 %)), Invesco ($3IW (-1,2 %)), MSCI ($3HM (-0,94 %)), Materion ($BEM (+0 %)), Royal Dutch Shell ($R6C), The J.M. Smucker Company ($JM2 (-1,15 %)), Bio-Techne ($TE1 (-0,84 %)), Visa Inc. ($3V64 (-1,35 %)) and Essential Utilities ($A2A (-1,16 %)) traded ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, among others, Adidas ($ADS (-2,77 %)), Allianz SE ($ALV (-0,62 %)), Alstom ($AOMD (-6,91 %)), Asahi Beer ($ABW (-1,49 %)), Casio ($CAC1 (-2,34 %)), Continental AG ($CON (-2,07 %)), Deutz AG ($DEZ (-1,31 %)), E.ON ($EOAN (-0,04 %)), Heidelberger Druckmaschinen ($HDD (-0,78 %)), Hensoldt ($5UH (-2,64 %)), Infineon ($IFX (-4,96 %)), Jungheinrich ($JUN3 (-3,13 %)), LEG Immobilien ($LEG (+0,51 %)), Leoni AG ($LEO), Mazda ($MZA (-1,11 %)), OHB ($OHB (-0,52 %)), OSRAM ($OSR (+0,85 %)), Siemens Energy ($ENR (-7,35 %)), SMA Solar Technology ($S92 (-3,08 %)), Synlab ($SYAB (+0,09 %)), Tencent ($NNND (-2,84 %)) and Walt Disney ($WDP (-0,85 %)) presented their figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

General Electrics ($GCP (-1,82 %)) - One of the largest companies in the United States announced it would split into three publicly traded individual companies. These companies will then focus on the "Aviation", "Health Care" and "Energy" industries. Wall Street analysts are in favor of the company's plan. This could enable GE to escape from the astonishingly weak performance of the last two decades.

Tesla ($TL0 (-2,8 %)) - Elon Musk's brother, Kimbal Musk (pictured right), sold Tesla shares shortly before his brother's Twitter poll. As previously reported, Elon Musk had a vote on the sale of ten percent of his Tesla shares via Twitter. The majority of his followers were in favor of a sale. As a result, the Tesla share price temporarily plummeted to just under 880 euros. Now Elon Musk could again find himself confronted with the U.S. supervisory authority SEC as a result of his market-moving tweets. In addition, publicly viewable SEC forms show that Kendal Musk, who is also a Tesla supervisory board member, apparently sold off his Tesla shares before the survey. He exercised an option to buy 25,000 Tesla shares at $74.17 apiece and sold them right back for prices between $1,223 and $1,236. Thus, he made a profit of $108.8 million. It remains unclear whether he knew about his brother's upcoming Twitter poll.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

ING Group ($INN1 (-2,52 %)) - ING's CIO, Annerie Vreugdenhil, announced at the Singapour FinTech Festival that the bank with the orange lion and the ad featuring Dirk Nowitzki is currently working on a DeFi (Decentralised Finance) P2P lending project. It is doing this in cooperation with the Dutch financial regulator AFM. The big bank's ambition to become part of the crypto world became known at the latest through the whitepaper they published in early 2021 about the ways in which banks can learn from what is happening in the crypto space. As a strong collaborative partner, ING cited Aave ($AAVE/EUR (+10,26 %)) - a project that offers interest on over-collateralized crypto assets without the need for an intermediary.

Apple ($APC (-1,42 %)) - The tech giant's CEO stated in the past day that he personally holds cryptocurrency, specifically Ethereum and Bitcoin. However, according to his statements, the Apple company does not currently plan to invest in cryptocurrencies.

Follow us for french content on @MarketNewsUpdateFR

What do you think of Continental?

Continental AG was founded in Hanover in 1871 and is a leading international manufacturer of tires, components and modules for the automotive industry.

In addition to tires, Continental's product range also includes technologies for braking systems, vehicle dynamics control systems and air suspension systems. Furthermore, Continental manufactures products for passenger safety as well as noise and vibration damping on the chassis and body of cars.

In addition to chassis sensors, driver assistance and airbag systems, the non-tire products also include products for engine control and injection technology, hose line systems, molded pads, conveyor belt systems and coatings.

At Continental, the vision of the future is "automated driving.

Current share price: €96.21

All-time high: €246.40

Dividend: None this year

5 year performance: -49.21

10 year performance: +157.50%

What is your opinion about Continental?

-----

Source: Continental, finanzennet, wikipedia