Puma

Build up some cash

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- DEUTSCHE BANK RESEARCH raises its price target for BMW from EUR 90 to EUR 95. Buy. $DBK (-4,02 %)

- BERNSTEIN raises the price target for QUALCOMM from USD 200 to USD 215. Outperform. $QCOM (+0,4 %)

- UBS raises the price target for LYFT from USD 13 to USD 18. Neutral. $LYFT (+1,24 %)

- BARCLAYS raises the price target for SIEMENS HEALTH from EUR 60.50 to EUR 62.50. Overweight. $SHL (-0,05 %)

- WARBURG RESEARCH raises the price target for KONTRON from EUR 28 to EUR 28.40. Buy. $KTN (-0,3 %)

- UBS upgrades KINGSPAN GROUP from Neutral to Buy. Target price 90 EUR. $KRX (+0,98 %)

- WARBURG RESEARCH raises the price target for ZEAL NETWORK from EUR 59 to EUR 64. Buy. $TIMA (+0,46 %)

- GOLDMAN raises the price target for VONOVIA from EUR 42.70 to EUR 43.70. Buy. $VNA (+3,21 %)

- BARCLAYS raises the price target for AHOLD DELHAIZE from EUR 30 to EUR 31. Equal-Weight. $AD (-0,11 %)

- BARCLAYS raises the target price for FMC from EUR 38.50 to EUR 39. Equal-Weight. $FMC (+1,54 %)

- JPMORGAN raises the target price for COMMERZBANK from EUR 18 to EUR 18.40. Overweight. $CBK (-3,65 %)

- JPMORGAN raises the target price for PUMA SE from EUR 40 to EUR 44. Neutral. $PUM (-3,35 %)

- JPMORGAN raises the target price for JUST EAT TAKEAWAY from GBP 13.96 to GBP 14.15. Overweight. $TKWY (-1,3 %)

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- JEFFERIES downgrades PALANTIR from Hold to Underperform. Target price USD 28. $PLTR (+0,56 %)

- DEUTSCHE BANK RESEARCH lowers the price target for NOVO NORDISK from DKK 1100 to DKK 1000. Buy. $NOVO B (-0,14 %)

- RBC lowers the price target for NIKE from 82 USD to 80 USD. Sector Perform. $NKE (+0,9 %)

- ODDO BHF downgrades ASM INTERNATIONAL to Outperform. Target price EUR 960. $ASM (+0,45 %)

- KEPLER CHEUVREUX downgrades HENSOLDT from Buy to Hold. Target price EUR 34. $HAG (+0 %)

- DEUTSCHE BANK RESEARCH lowers the price target for ZALANDO from EUR 40 to EUR 36. Buy. $ZAL (+1,66 %)

- DEUTSCHE BANK RESEARCH lowers the price target for VESTAS from DKK 165 to DKK 150. Hold. $VWS (-1,34 %)

- BOFA downgrades SIEMENS ENERGY from Buy to Neutral. Target price EUR 40. $ENR (+0,78 %)

- METZLER lowers the price target for VONOVIA from EUR 28.50 to EUR 28. Sell. $VNA (+3,21 %)

- BARCLAYS lowers the price target for TEAMVIEWER from EUR 18 to EUR 15.50. Overweight. $TMV (+0 %)

- WARBURG RESEARCH lowers the price target for KLÖCKNER & CO from EUR 6 to EUR 5.70. Buy. $KCOB

- HAUCK AUFHÄUSER IB lowers the target price for NORMA GROUP from EUR 32 to EUR 27. Buy. $NOEJ (+0,6 %)

- WARBURG downgrades EDAG ENGINEERING from Buy to Hold and lowers target price from EUR 13 to EUR 9.50. $ED4 (+2,48 %)

- LBBW lowers the price target for ALLGEIER from EUR 24 to EUR 20. Buy. $AEIA

- BARCLAYS lowers the price target for HENKEL from EUR 79 to EUR 77. Equal-Weight. $HEN (-0,61 %)

- BERENBERG lowers the price target for KRONES from EUR 157 to EUR 154. Buy. $KRN (+0,17 %)

$PUM (-3,35 %) really strong in the last few weeks 💪

$PUM (-3,35 %) cracked the €40 mark today even before the figures 👍

16.10.2024

Relief rally for airlines thanks to oil price + ASML more pessimistic for 2025 after disappointing order intake + Adidas and Puma in demand - strong quarterly figures expected + LVMH records a decline in sales in the third quarter + Ericsson share price jumps after figures

Airline shares were among the day's winners. Oil prices fell by up to 5 percent at the peak, leading to a relief rally. Lufthansa $LHA (-1,15 %) rose by 3.2 percent. Oil prices were driven by reports that Israel would not target oil facilities in the event of a retaliatory attack on Iran. In the DAX MTU $MTX (+0,3 %) jumped to an all-time high with a 4.9 percent gain. As hoped, the engine manufacturer raised its annual profit forecast slightly to over 1 billion euros.

The chip supplier ASML $ASML (-0,93 %) is taking a more cautious view of 2025 after a disappointing order intake. The company announced on Tuesday that net sales are likely to be between 30 and 35 billion euros. ASML had previously expected 30 to 40 billion euros. Analysts previously expected an average of 36 billion euros. The gross margin is now expected to be 51 to 53 percent, compared to 54 to 56 percent previously. Market expectations had previously been just under 54 percent.

The shares of the sporting goods manufacturers Adidas $ADS (-1,33 %) and Puma $PUM (-3,35 %) posted above-average gains on Tuesday. Stock expert Frederik Altmann from Alpha Wertpapierhandel saw several reasons for this, even though "there is no solid news on the day". Strong quarterly reports are expected from both companies. In addition, both stocks are "China plays". The hope that the announced economic stimuli could rekindle consumer sentiment in China is also driving these two stocks. While Adidas rose by 1.4 percent to 239.90 euros in the Dax, Puma rose by 3.1 percent to 37.13 euros in the MDax. With a view to the upcoming quarterly figures, there was a positive commentary on Puma from Deutsche Bank in addition to an outlook from Metzler Bank. The bank reiterated its buy recommendation and expects the figures expected on November 6 to be a price driver. Adidas plans to report on the past quarter on October 29 - and could also surprise positively, as Warburg Research expects.

LVMH $MC (+0,34 %) recorded a 4.4% drop in sales to 19.08 billion euros in the third quarter, which fell short of analysts' expectations. The shares of the luxury goods group fell by around six percent in after-hours trading. Luxury goods stocks such as Hermes, LVMH and Kering record losses of up to 3.5% in the EuroStoxx 50 due to concerns about the Chinese market. Richemont and Swatch in Zurich also lose 3.1% and 1.4% respectively.

The shares of Ericsson $ERIC B (-0,09 %) rose significantly in early trading on Tuesday. The shares of the Swedish network equipment provider recently gained 8.5%. The stock thus continued the upward trend of the previous months at an accelerated pace. Just under a year ago, Ericsson achieved a technical turnaround, as a result of which the share price has almost doubled to date. In an initial assessment, analysts at Goldman Sachs spoke of slightly better than expected figures in the third quarter, but of a cautious outlook for the fourth quarter. The analysts at JPMorgan identified as a positive aspect that the better than expected figures were primarily due to the favorable shift in the composition of sales towards the USA. Another positive aspect was the improved free cash flow, which had increased further

Wednesday: Stock market dates, economic data, quarterly figures

Quarterly figures / company dates USA / Asia

12:45 U.S. Bancorp quarterly figures

13:30 Morgan Stanley | Abbott Labs quarterly figures

22:10 Alcoa quarterly figures

Quarterly figures / Company dates Europe

07:15 ASML quarterly figures | Just Eat Takeaway Trading Update 3Q

10:00 Swiss Re: Industry meeting in Baden-Baden (Call 10 a.m.)

No time specified: British American Tobacco Capital Markets Day

Economic data

• 08:00 UK: Consumer Prices September | Producer Prices September (Output) FORECAST: -0.3% yoy/-0.6% yoy previous: -0.4% yoy/+0.2% yoy
• 14:30 US: Import and export prices September import prices FORECAST: -0.3% yoy previous: -0.3% yoy

$PUM (-3,35 %)

everyone watch out I'm shopping, the share will explode next week !!! 💥

As every Sunday, the most important news from the past week and dates for the coming week.

Also as a video:

https://youtube.com/shorts/1XvAW5dIDFI?si=nl0PB75twJ5F_NzZ

Monday:

Good news in terms of inflation. Producer prices in Europe have fallen further by 7.8% compared to the same month last year. Energy prices have fallen particularly sharply.

https://www.handelsblatt.com/politik/konjunktur/konjunktur-erzeugerpreise-in-der-euro-zone-sinken-erneut-deutlich/100036948.html

Tuesday:

$TMV (+0 %) TeamViewer unfortunately cannot meet high expectations. Although revenue rose by 7%, the Management Board emphasized the difficult environment, which also had an impact on billings. The majority of analysts continue to have a positive view of the share, with some even describing Teamviewer as 'undervalued', including Barclays analysts.

https://www.finanzen.net/nachricht/aktien/wachstum-erzielt-teamviewer-aktie-mit-kraeftigem-abschlag-teamviewer-kann-erwartungen-nicht-erfuellen-13487727

Wednesday:

The sheet at $PUM (-3,35 %) Puma and $ADS (-1,33 %) Adidas seem to be turning again. In recent years, Puma has grown faster than Adidas. In the first quarter, the 'big brother' was stronger again. Puma increased sales by 0.5% to 2.1 billion euros, Adidas by 8% to 5.5 billion euros. It is interesting to note that the change in growth correlates strongly with Björn Gulden's move to Adidas.

https://www.handelsblatt.com/unternehmen/handel-konsumgueter/puma-sportartikelhersteller-waechst-langsamer-als-adidas/100035947.html

Despite many voices saying "you should buy now", real estate prices continue to fall. These are often interest-driven statements. The bottom of the real estate market does not yet appear to have been reached. This could change again with falling key interest rates. According to the Association of German Pfandbrief Banks, prices fell by an average of 5.3% in the first quarter. Residential real estate prices still fell by 4.3 %.

https://www.handelsblatt.com/finanzen/immobilien/immobilien-preise-fuer-haeuser-und-wohnungen-rutschen-weiter-ab/100037075.html

Thursday:

China's 🇨🇳 foreign trade appears to be picking up again. Imports grew by 8.4% compared to the same month last year. Contrary to the trend, imports from Germany fell by 2.6%. If the trend remains the same, the USA 🇺🇸 is likely to soon become Germany's most important trading partner. Exports to Russia also fell, probably due to new sanctions imposed by the USA.

https://www.handelsblatt.com/politik/international/konjunktur-china-exportiert-im-april-mehr-weniger-handel-mit-deutschland/100037292.html

The BoE is not changing the key interest rate of 5.25% in the UK 🇬🇧. Experts expect the first interest rate cut in the UK at the end of August. The decision was not taken unanimously.

https://www.euronews.com/business/2024/05/09/boe-holds-rates-steady-and-expects-inflation-below-target-by-mid-2026

Friday:

Consumer confidence in the US 🇺🇸 is falling, but this is also supporting the markets. In the meantime, 90% of market participants once again believe that the Fed will cut interest rates in early fall. At the beginning of the week, the figure was still at 50%.

https://www.handelsblatt.com/politik/international/usa-us-verbraucherlaune-schlecht-wie-seit-einem-halben-jahr-nicht-mehr/100037363.html

Most important dates in the coming week:

Wednesday: 4:00 Economic data (China)

Wednesday: 14:30 Producer prices (USA)

Friday: 1:30 GDP figures (Japan)

Moin Moin,

I'm trying to take my retirement provision into my own hands. At the beginning, I had the following target allocation:

- 60% - $IWDA (+0,36 %)

- 30% - $EIMI (+0,31 %)

- 10% - $SMEA (-0,13 %)

In the course of time, I have slightly lost my way and have also added a dividend ETF ($VHYL (+0,25 %) ) and bought individual shares more frequently. I have no idea about analysis; I simply bought when the price seemed fair to me, sometimes more and sometimes less successfully.

I don't want to have to worry too much about my portfolio, but rather invest in a broadly diversified portfolio worldwide. I have the $SPYI (+0,42 %) in mind, an ETF for x years.

Does it make sense to sell the accumulating ETFs? I'm thinking about selling the distributing $VHYL (+0,25 %) together with a few individual shares like $VOW (-0,72 %) and $PUM (-3,35 %) to sell.

#etfs
#personalstrategy
#dividends
#stockanalysis
#portfoliofeedback

$PUM (-3,35 %) Do you think it's a good time to start?

As every Sunday, the most important news of the last week, as well as the most important dates of the coming week.

Also as video:

https://youtube.com/shorts/qLbcyzKvS0k?si=vt2jUcG9x5NXRrh-

Monday:

After U.S. bonds scratched the 5% mark last week, the mark has now actually been briefly torn, putting further pressure on the markets. The last time the U.S. paid such high bond yields for 10-year government bonds was in 2007.

https://www.handelsblatt.com/finanzen/maerkte/anleihen/kapitalmaerkte-rendite-fuer-zehnjaehrige-us-anleihen-steigt-ueber-fuenf-prozent/29461540.html

Consumer sentiment in the euro zone deteriorated further to -17.9 points. However, a decline to -18.2 was expected. This is the third month in a row with a decline in consumer sentiment.

https://de.investing.com/news/economic-indicators/eurozone-stimmung-der-verbraucher-trubt-sich-etwas-ein-2473384

At $VAR1 (-1,36 %) Varta, short sellers are probably closing out their first positions. As a result, the share rises, because Varta shares must be bought to close positions of short sellers. Reason for the abandonment of short selling are rumors about an Apple order.

https://www.deraktionaer.de/artikel/aktien/kurssprung-bei-varta-aktie-spekulationen-um-apple-20341621.html

First promising study results of the cancer vaccine CARVac from $BNTX (+0,34 %) Biontech. Vaccination with mRNA technology stopped 95% of tumors, in some cases even shrinking them (in 30%). Two patients (out of 44) experienced side effects, in one case life-threatening. The stock reacted positively.

https://www.bild.de/ratgeber/2023/ratgeber/erste-studien-erfolge-biontech-stellt-krebs-impfung-vor-85725940.bild.html

Tuesday:

$PUM (-3,35 %) Puma continues to grow, but at a slower pace. In the third quarter, revenues increased by six percent to EUR 2.3 billion after adjusting for foreign exchange. By contrast, operating profit fell by 8% to EUR 236 million.

https://www.handelsblatt.com/unternehmen/handel-konsumgueter/sportartikel-puma-waechst-langsamer-das-marktumfeld-bleibt-schwierig/29450716.html

The S&P Global purchasing managers' index continued to fall. In October, it fell by 0.6 points to 45.8. Above a threshold of 50 points, the barometer signals growth.

https://www.handelsblatt.com/politik/konjunktur/konjunktur-deutsche-wirtschaft-hat-den-herbstblues-vieles-deutet-auf-rezession-hin/29462696.html

$MMM (-0,11 %) 3M exceeds expectations. Earnings were $2.68 per share in the latest quarter, compared with expectations of $2.34. After the good figures, the forecast was increased. In particular, the cash flow is convincing.

https://www.onvista.de/news/2023/10-24-3m-prognoseerhoehung-endet-die-talfahrt-der-aktie-21-26190905

Both $MSFT (+0,32 %) Microsoft and $GOOGL (+1,12 %) Alphabet show double-digit growth. Microsoft increased quarterly revenue by 13% to $56 billion, Alphabet by 11% to $77 billion. Both Microsoft and Alphabet exceeded expectations in most figures. However, Alphabet's important cloud business performed worse than expected.

https://www.handelsblatt.com/technik/it-internet/quartalszahlen-google-und-microsoft-wachsen-wieder-zweistellig-doch-nur-microsoft-begeistert-die-anleger/29463914.html

Wednesday:

The $DBK (-4,02 %) Deutsche Bank earned less than in the same quarter last year, but more than expected. Between July and September, the profit was EUR 1.03 billion. Also positive is the continuity, for 13 quarters in a row the bank reports profits.

https://www.handelsblatt.com/finanzen/banken-versicherungen/banken/quartalszahlen-gewinn-der-deutschen-bank-gesunken/29464052.html

Neobanks now have more than one billion customers worldwide. The exception here remains the DACH countries, where traditional banks still play a greater role.

https://www.handelsblatt.com/finanzen/banken-versicherungen/banken/neobanking-zahl-der-neobanking-kunden-uebersteigt-weltweit-die-milliardengrenze/29464122.html

The Canadian central bank is keeping the key interest rate at 5%, as expected.

https://www.bankofcanada.ca/2023/10/fad-press-release-2023-10-25/#:~:text=The%20Bank%20of%20Canada%20today,the%20deposit%20rate%20at%205%25.

$META (+0,18 %) Meta exceeds expectations. The Group is growing strongly again, with sales up 23% to USD 34.1 billion. Profit climbed to USD 11.5 billion in the third quarter. The share price initially turned positive, but then also fell.

https://amp2.wiwo.de/unternehmen/it/quartalszahlen-meta-kuendigt-rekordumsatz-an/29464862.html

Thursday:

$HFG (-0,1 %) Hellofresh is growing again. The company achieved quarterly sales of EUR 1.8 billion. Operating profit for the full year is expected to be EUR 470 to 540 million. The company thus remains cautious with its forecast.

https://www.handelsblatt.com/unternehmen/industrie/-geschaeftszahlen-im-newsblog-hellofresh-auf-wachstumskurs/24098412.html

$MBG (-1,03 %) Mercedes continues to adhere to its forecast. In the third quarter, however, profit fell slightly to EUR 3.7 billion. Free cash flow fell by 20% to 2.3 billion. According to Mercedes, missing components are partly responsible for the development.

https://www.handelsblatt.com/unternehmen/industrie/geschaeftszahlen-mercedes-kaempft-mit-sinkendem-umsatz-und-gewinn/29466488.html

Although Ifo sentiment for exporters improved somewhat in October, it remains cautious. In September, the barometer had slipped to its lowest level in three years. At minus 6.9 points, the barometer is still not in positive territory.

https://www.handelsblatt.com/politik/konjunktur/konjunktur-ifo-stimmung-der-exporteure-erholt-sich-etwas-vom-drei-jahres-tief/29466546.html

As expected, the ECB is leaving interest rates at a key rate of 4.5% and a deposit rate of 4.0%. This is the ECB's first interest rate pause since summer 2022 and 10 increases in a row.

https://www.faz.net/aktuell/finanzen/leitzins-nicht-weiter-erhoeht-ezb-pausiert-nach-zehn-erhoehungen-19267221.html

The $KGX (-0,37 %) Kion share loses significantly today. The reason is an order intake that was below expectations.

https://www.t-online.de/finanzen/boerse/ticker/kion-auftragseingang-enttaeuscht-aktie-rutscht-ab/0DAEB4006F4CD1B8/

$AMZN (+0,72 %) Amazon delivers strong figures, the profit could be increased to 10 billion USD in this quarter. Amazon's revenue increased by 13% to USD 143 billion. In particular, the important cloud result surprised positively.

https://www.manager-magazin.de/unternehmen/handel/amazon-verdreifacht-seinen-gewinn-a-2ff52a09-e027-4485-ae7c-478b487c2467

Consumer spending in the USA continued to rise. This increases the probability of an interest rate hike by the FED in the coming week.

https://www.boerse.de/nachrichten-amp/USA-Konsumausgaben-legen-erneut-zu/35408304

Monday: 08:00 GDP figures (DE)

Tuesday: 11:00 Inflation data (EuroZone)

Wednesday: 19:00 Interest rate decision (USA)

Thursday: 13:00 Interest rate decision (UK)

Friday: 15:00 Employment (USA)