Goldman lowers Teamviewer to 'Neutral' - target down to 12 euros + Hornbach Holding adjusts sales forecast + Nike outperforms in second fiscal quarter + Today is big expiration day

Downgrade for Teamviewer $TMV (-2,93 %)

• The US investment bank Goldman Sachs has downgraded Teamviewer from "Buy" to "Neutral" and lowered its target price from 17 to 12 euros.
• Analyst Mohammed Moawalla wrote on Thursday evening that his buy recommendation was based, among other things, on the prospect of share buybacks.
• However, distributions have become more uncertain in view of the takeover of 1E.
• However, Moawalla remains optimistic about the company's growth potential.

Key figures HORNBACH Holding AG & Co. KGaA Group $HBH (-12,53 %)

• Hornbach Holding adjusts its sales forecast for the 2024/25 financial year to the previous year's level, while the forecast for adjusted earnings before interest and taxes (EBIT) is confirmed.
• Third-quarter sales increase by 1.3 percent to EUR 1.505 billion thanks to the European business, while EBIT falls by 28 percent to EUR 34.6 million, mainly due to wage increases

Nike $NKE (-6,85 %)
with quarterly figures

• Nike exceeds analysts' expectations in the second quarter with sales of 12.35 billion dollars, although sales fell by 8 percent year-on-year.
• Profit falls by 26 percent to 1.16 billion dollars, while the share price rises by around 8 percent in after-hours trading.

Friday: Stock market dates, economic data, quarterly figures

Big expiry day

• ex-dividend of individual stocks

Hewlett Packard Enterprise 0.13 USD

British American Tobacco USD 0.74

• Quarterly figures / company dates Europe

07:00 Hornbach Holding AG Quarterly figures

• Economic data

08:00 DE: Producer prices November FORECAST: +0.3% yoy/-0.3% yoy previously: +0.2% yoy/-1.1% yoy

08:00 UK: Retail Sales November OUTLOOK: -0.3% yoy/+1.5% yoy previous: -0.7% yoy/+2.4% yoy

12:00 DE: Expiry futures and options STOXX family (Eurex)

13:00 DE: Expiry DAX futures and options (Eurex)

13:00 DE: Expiry TecDAX futures and options (Eurex)

14:30 US: Personal Spending and Income November Spending / Income FORECAST: +0.5% yoy/+0.4% yoy previous: +0.4% yoy/+0.6% yoy PCE Price Index / Total Rate FORECAST: +0.2% yoy/+2.5% yoy previous: +0.2% yoy/+2.3% yoy PCE price index / core rate PROGNOSE: +0.2% yoy/+2.9% yoy PREV: +0.3% yoy/+2.8% yoy

16:00 EU: Eurozone Consumer Confidence Index (flash estimate) December FORECAST: -14.0 previous: -13.7

16:00 US: Index Consumer Sentiment Uni Michigan (2nd survey) December FORECAST: 74.0 1st survey: 74.0 PREVIOUS: 71.8

17:20 DE: Expiry SMI future (Eurex)

17:30 DE: Expiry equity options (Eurex)

21:15 US: Expiry e-mini Nasdaq future | e-mini S&P future

Once upon a time....

A stock market recommendation with a dividend strategy

Aareal Bank
$ARLN

Purchase was made in 2014, buy into rising prices, buy bank stocks with dividends

was said 😊

After several lows and takeover recommendations, the share price has not really recovered for over 10 years

recovered and has not seen a new ATH. 😭

Dividends were canceled in 2021 nor collected in previous years: EUR 3816

After the bank was finally taken over in 2023, trading was low except for some stock exchanges, where trading was

possible anymore.

Sale comes after a long wait and consideration, probably the price is now rising like Hella $HLE (-0,06 %) and Hornbach $HBH (-12,53 %) after I sold.

Money will either be put into the savings plan or bought in stages for interesting stocks.

Economy on 22.05.2024...

Markets take a breath near the ATH. A lot going on today. Paypal AGM, Nvidia figures and so on... ⤵️

There has been a lot going on in the last few weeks. Nevertheless, trading went very well and I still have a few positions open.

I'll take a long look at Hugo Boss after the figures and the co-op with David Beckham.

I have gone long on some solar stocks and I am still working on a turnaround $VNA (+2,37 %) Vonovia, $PYPL (-0,38 %) Paypal and $PAH3 (+0,42 %) Porsche.

Closed trades of the last weeks are:

$BAYN (+0,17 %) Bayer, $ADE (-6,62 %) Bitcoin Group, $JNJ (+0,03 %) Johnson & Johnson, $FME (-0,96 %) Fresenius Medical Care and $AFX (+0,2 %) Carl Zeiss

My savings plans on the ETFs are continuing and otherwise I am building up a lot of cash in order to be able to participate in one or two setbacks

Cryptos have also started well again, especially Ethereum, after the chances of an ETH ETF being approved rose to 75%.

Let's take a look at today's trading day and the dates. There are a few general meetings that are interesting. Paypal, McDonalds and so on, among others. See for yourself:

Singapore stock market holiday

Economic data

08:00

• UK: Consumer prices April PROGNOSE: +0.2% yoy/+2.1% yoy previous: +0.6% yoy/+3.2% yoy Core PROGNOSE: +0.7% yoy/+3.6% yoy previous: +0.6% yoy/+4.2% yoy

10:05

• EU: ECB President Lagarde, video message for Esma event on Capital Markets Union

16:00

• US: Existing Home Sales April PROGNOSE: +1.4% yoy previous: -4.3% yoy

16:30

• US: Crude Oil Inventories EIA

20:00

• US: Fed, minutes of the FOMC meeting April 30/May 1

ex-dividend of individual stocks

Renault EUR 1.85

Quarterly figures / company dates USA / Asia

16:00 $MCD (-0,31 %)
McDonalds | $MDLZ (-1,01 %)
Mondelez

16:00 $UAL (+1,43 %)
United Airlines AGM

16:30 US: Crude Oil Inventories EIA

17:00 PayPal AGM

18:00 $AMZN (+0,26 %)
Amazon AGM

22:20 $NVDA (+2,01 %)
Nvidia quarterly figures

Quarterly figures / Company dates Europe

07:00 $EVT (+1,24 %)
Evotec | $HBH (-12,53 %)
Hornbach Holding

10:00 $COP (+0,05 %)
Compugroup Medical AGM

10:30 Indus Holding AGM

11:00 $PUMA (-1,95 %)
Puma AGM

14:00 Evotec Earnings-Call

Untimed: Einhell quarterly figures

Trend score fell below 60%.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗠𝗲𝗴𝗮𝗸𝗮𝘂𝗳 𝗯𝗲𝗶 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 / 𝗘𝗹𝗼𝗻 𝗠𝘂𝘀𝗸 𝗵𝗮𝘁 𝗴𝗲𝗻𝘂𝗴

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, among others, Philip Morris International ($PHMO11BF), Altria Group Inc. ($MO (+0,78 %)), and Ralph Lauren Corporation ( $RL (+2,89 %)) are trading ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, among others, Hornbach Holding. ($HBH (-12,53 %)) and Carmax Inc. ($KMX (-2 %)) present their quarterly figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

Tesla ($TSLA (-4,58 %)) - Tesla shareholders can breathe a sigh of relief, CEO Elon Musk announced that he has now sold enough Tesla shares. After a total of 13.5 million shares sold, he now has $13 billion, of which he says he will pay $11 billion in taxes.

Rocket Internet ($RKET) - Rocket Internet shares rose by a full 26% yesterday. The reason for this is the company's offer to buy its own shares now for €35. Last year, the company already announced a delisting from the stock exchange, at that time the takeover price of the shares was around €18.50.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

Bitcoin ($BTC (-2,82 %)) - The dip in the crypto market was neatly exploited. A previously unknown investor covered himself with 3000 Bitcoins worth 150 million US dollars. In total, the value of this investor's wallet is close to 6 billion US dollars. This makes him the third largest Bitcoin investor in the world.

Follow us for french content on @MarketNewsUpdateFR

The Corona boom may have faded, but business at Hornbach Holding is still excellent. Following a strong third quarter, the DIY chain is even more optimistic for the year as a whole and surprises the stock market with new targets. The share price is soaring.

The holding company's adjusted earnings before interest and taxes (EBIT) are now expected to reach between Euro 330 million and Euro 380 million in the current financial year. Most recently, Hornbach had also targeted the upper third with a range of Euro 290 million to Euro 326 million.

In the best case scenario, Hornbach is thus confident of achieving earnings growth of more than 16 percent this year.

For Hornbach, this is not the first increase in its forecast this year. The company had already raised its targets following a good first quarter in June and then narrowed these to the upper third in terms of sales and adjusted earnings at the end of September.

What is soon?

-Christmas. 🎅🏿

What is everyone buying?

-Christmas trees. 🌲

What are Christmas trees made of? -Wood. 🪵

What is expensive right now?

-Wood 🪵

Who can't get out because of coroner?

-You. 🤡

Who doesn't care about all that?

- $HBH (-12,53 %) . 📈

Order Christmas trees online now from $HBH (-12,53 %) order. Discount Code: SQUIRT for free glass balls.🎄

very favorable currently with potential in online trading.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗩𝗶𝗿𝗴𝗶𝗻 𝗚𝗮𝗹𝗮𝗰𝘁𝗶𝗰 𝗱𝗮𝗿𝗳 𝗮𝗯𝗵𝗲𝗯𝗲𝗻 / 𝗨𝗻𝗶𝘁𝗲𝗱 𝗳𝗲𝘂𝗲𝗿𝘁 𝗜𝗺𝗽𝗳𝘃𝗲𝗿𝘄𝗲𝗶𝗴𝗲𝗿𝗲𝗿𝗻 / 𝗠𝘂𝘀𝗸 𝘂𝗻𝗱 𝗖𝗿𝘆𝗽𝘁𝗼 𝗶𝗻 𝗖𝗵𝗶𝗻𝗮

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

Today is the deadline for Air Products ($AP3 (+0,04 %)) Bristol-Myers Squibb ($BRM (+0,75 %)), Bank of America ($NCB (+1,1 %)), British American Tobacco ($BMTA (-1,14 %)) and Realty Income Trust ($RY6 (+1,22 %)).

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, Hornbach ($HBH (-12,53 %)) and Paychex ($PCX (+0,65 %)) disclose their quarterly figures.

𝗜𝗣𝗢𝘀 🔔

𝗚𝗿𝗼𝘃𝗲𝗿 - The electronics rental company is now looking to take the next big step after entering the U.S. market by going public via SPAC, Finance Forward reports. So far, the start-up has to pre-finance the rented devices and is therefore dependent on steady access to capital. So it seems best to let the capital market secure further growth.

Grover itself has not yet commented on the IPO plans.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

𝗩𝗶𝗿𝗴𝗶𝗻 𝗚𝗮𝗹𝗮𝗰𝘁𝗶𝗰 ($SPCE) - The SpaceShipTwo spacecraft may now take off again after a three-week suspension, as the U.S. Federal Aviation Administration has cleared SpaceShipTwo for launch.

The ship deviated from its assigned air traffic control clearance in July, meaning it left its airspace corridor.

𝗨𝗻𝗶𝘁𝗲𝗱 𝗔𝗶𝗿𝗹𝗶𝗻𝗲𝘀 ($UAL1 (+1,43 %)) - The U.S. airline has laid off nearly 600 employees after an ultimatum expired. The ultimatum was set so employees could get vaccinated against Covid-19 by last Monday. The terminated employees could not show a health or religious exemption. Company CEO Scott Kirby commented, "this was an incredibly difficult decision, but the safety of our team has always been our top priority."

As a result of the mandatory vaccination program, which other major U.S. companies have also implemented, approximately 97% of United Airlines' 67,00 employees have been vaccinated.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

𝗘𝗹𝗼𝗻 𝗠𝘂𝘀𝗸 - Tesla CEO made comments at CodeCon about strong crypto regulations in China. According to Musk, the People's Party is currently struggling with severe blackouts and therefore sees a connection with the ban on mining. But the idea of decentralizing power also seems to be a thorn in the government's side.