SFC Energy

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- BOFA raises the price target for WALMART from USD 95 to USD 105. Buy. $WMT (+2,04 %)

- JEFFERIES raises the price target for WALMART from USD 100 to USD 105. Buy. $WMT (+2,04 %)

- HAUCK AUFHÄUSER IB raises the target price for RHEINMETALL from EUR 680 to EUR 750. Buy. $RHM (+1,35 %)

- WARBURG RESEARCH raises the target price for RHEINMETALL from EUR 600 to EUR 700. Buy. $RHM (+1,35 %)

- JPMORGAN raises the price target for SALESFORCE from USD 310 to USD 340. Overweight. $CRM (+4,63 %)

- WARBURG RESEARCH raises the target price for LEG IMMOBILIEN from EUR 81.60 to EUR 90.50. Hold. $LEG (-0,46 %)

- DEUTSCHE BANK RESEARCH raises the price target for HEIDELBERG MATERIALS from EUR 116 to EUR 137. Buy. $HEI (-0,13 %)

- KEPLER CHEUVREUX raises the price target for GFT TECHNOLOGIES from EUR 31 to EUR 32. Buy. $GFT (-0,91 %)

- ODDO BHF raises the target price for TALANX from EUR 76 to EUR 78. Underperform. $TLX (+0,87 %)

- KEPLER CHEUVREUX raises the target price for THYSSENKRUPP from EUR 3.70 to EUR 3.80. Hold. $TKA (-0,54 %)

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- STIFEL lowers the price target for BAYER from EUR 36 to EUR 28. Hold. $BAYN (-0,14 %)

- LBBW downgrades ENI from Buy to Hold and lowers target price from EUR 16.70 to EUR 15. $ENI (+0,8 %)

- WARBURG RESEARCH lowers the target price for SFC ENERGY from EUR 29 to EUR 27. Buy. $F3C (-4,71 %)

- WARBURG RESEARCH lowers the target price for TECHNOTRANS from EUR 23 to EUR 21. Buy. $TTR1 (-2,93 %)

- DEUTSCHE BANK RESEARCH lowers the price target for CUREVAC from USD 3.90 to USD 2.50. Hold. $CVAC (+3,39 %)

- BERENBERG lowers the price target for ASTRAZENECA from GBP 150 to GBP 140. Buy. $AZN (+1,64 %)

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

Also as a video:

https://youtube.com/shorts/f1cIaitToNs?si=tMcWHG_ghWmIROch

Sunday:

More and more companies are pushing into the $NVDA (+1,51 %) NVIDIA. After Alphabet and Intel, the most valuable company in the world is now also announcing its own AI chips. Microsoft has become the most valuable listed company thanks to Chat GPT and OpenAI and could thus also reduce its dependency. Experts expect annual growth of 25% in the AI chip market by 2029

https://www.handelsblatt.com/technik/forschung-innovation/microsoft-wie-der-softwareriese-zum-chiphersteller-wird/100033199.html

Monday:

Milei has recently been repeatedly criticized for a variety of reasons. However, his reforms are now paying off for Argentina 🇦🇷. The IMF is satisfied and releases a new loan tranche. Argentina has attracted attention in the past with debt cuts and state bankruptcies. Javier Milei has now cut jobs in the public sector, reduced subsidies and ended social programs.

https://www.handelsblatt.com/finanzen/geldpolitik/argentinien-besser-als-erwartet-iwf-gibt-kredittranche-frei/100037515.html

Tuesday:

Consolidation in the delivery service market continues. Uber joins $DHER (-0,83 %) Delivery Hero and takes over the Taiwan business. Uber buys new shares worth 300 million euros, 30% above yesterday's closing price.

https://www.manager-magazin.de/unternehmen/delivery-hero-aktie-mit-kursrallye-uber-steigt-ein-bei-lieferdienst-a-957f5cca-a5bc-484a-80f9-e25226345ef8

Contrary to many claims that the location in Germany is not attractive enough, Germany is now reporting a record level of foreign investment. These increased by a third to 34 billion euros. The USA remains the largest investor, followed by Switzerland and then China. However, foreign investors also complain about bureaucracy, comparatively expensive energy and the weak economy in Germany.

https://www.handelsblatt.com/politik/konjunktur/konjunktur-studie-auslandsinvestitionen-in-deutschland-steigen-auf-rekordniveau/100037580.html

Producer prices in the USA 🇺🇸 have risen more sharply than expected. This could postpone a Fed rate cut further and has dampened the euphoria on the stock markets.

https://www.handelsblatt.com/finanzen/maerkte/marktberichte/dow-jones-sp-500-nasdaq-us-anleger-reagieren-kaum-auf-hohe-erzeugerpreise/100037660.html

Wednesday:

Inflation in the USA 🇺🇸 is easing slightly. In March, inflation stood at 3.5% and in April at 3.4%. This was expected by experts and is therefore not surprising information.

https://www.handelsblatt.com/finanzen/geldpolitik/verbraucherpreise-us-inflation-sinkt-leicht-auf-34-prozent/100037130.html

Our moonshot stock $F3C (-4,71 %) SFC Energy has made significant gains. Sales increased significantly again in Q1 by 46% to 40.1 million euros. Net profit also grew by more than 100%. The order volume also increased significantly. SFC Energy specializes in fuel cells for power supply.

https://www.deraktionaer.de/artikel/aktien/sfc-energy-wasserstoff-aktie-geht-durch-die-decke-das-ist-der-grund-20357540.html

Our value stock $CSCO (+0,82 %) Cisco is also performing well, exceeding expectations by USD 0.05 per share. Sales in Q3 were also higher than expected. Cisco's revenue forecast also exceeds expectations.

https://de.investing.com/news/stock-market-news/cisco-eps-ubertrifft-schatzungen--um-005---umsatz-besser-als-erwartet-2622101

Thursday:

$BOSS (-2,36 %) Hugo Boss can make significant gains on the stock market after a multi-year partnership with David Beckham was announced. Beckham even traveled to the HQ in Metzingen a few weeks ago, but it was unclear whether such a deal would actually materialize.

https://group.hugoboss.com/en/newsroom/news/news-detail/hugo-boss-signs-strategic-partnership-with-david-beckham-in-a-multi-year-design-collaboration

Friday:

Japan's GDP 🇯🇵 is shrinking. This makes interest rate hikes in Japan less likely again; the last time there was an increase was in 2007. Japan's GDP shrank by 2.0%, significantly more than the 1.5% expected by experts. The central bank in Japan should actually raise interest rates, as the national currency is worth as little as it was last in 1990.

https://www.handelsblatt.com/finanzen/geldpolitik/asien-japans-bip-schrumpft-und-erschwert-zinserhoehungsplaene-der-bank-of-japan/100037773.html

Most important dates in the coming week:

Monday: 10:00 ifo Business Climate Index (DE)

Wednesday: 20:00 FOMC Minutes (USA)

Friday: 10:00 Purchasing Managers' Index (EU)

Hello everyone,

Today I would like to introduce you to my portfolio. As you probably know, it's just too much fun to expand my portfolio with new stocks. There are now a few too many, but I still can't really part with my worst-performing stocks ($NVM (+3,42 %) , $ENPH (+0,28 %) , $WAC (+1,83 %) ). I'm hoping that I'll be able to sell them in positive territory at some point, or am I on the wrong track and in your opinion should I sell at a loss and try to make up the loss with other stocks?

I have been investing since the end of 2022 and at 29 years old, I still have a long time to go. My strategy is to be as desertified as possible in sectors and to beat the market in the long term (just let me believe that it works :D), hence so many individual stocks. I want to hold these for many years (esp. $AMZN (-1,7 %) , $GOOGL (-5,23 %) , $QCOM (+1,7 %) , $MSFT (+0,08 %) , $V (+1,31 %) , $MC (-1,36 %) , $SALM (+0,64 %) ) but I'm also not too keen to pocket the profits. Are there any stocks in my portfolio that you would view critically for the next few years and would be worth considering selling? Recession and all that...

Priority is on growth, which is reasonably safe, so only a few small caps - but a few bets have to be in there :) ($AIDX (+1,93 %) , $NRX (-5,6 %) , $ITM (-1,5 %) , $F3C (-4,71 %) , $MITK (+4,44 %) ). But with rather small amounts, probably too small or what do you say?

At the same time, I would also like to claim a €900 allowance via dividends ( $BATS (+0,27 %) , $ENB (+2,32 %) , $BNPQY , $STLAM (+0,22 %) , $ENGI (-0,03 %) , $RIO (-0,01 %) ) and secure a trade or two.

Recently I have been investing 240€/m in the $XDWD (+1 %) and between 200 - 500€/m in individual shares (depending on what is left). Actually, I want to increase the existing shares properly now, but somehow there are always nice entry options in solid companies like $0L2T (+2,12 %) , $ZTS (+1,14 %) , $ADM (-0,07 %) , $PANW (+7,32 %) , $ENR (+3,25 %) . Help what to do? :D

And then there's also crypto $BTC (+0,54 %)
$NEAR (+0,52 %)
$ADA (+6,72 %)

And Japan, they're doing well too $4063 (+1,39 %) , $6501 (+2,79 %) , $8001 (-0,28 %)

Looking forward to your feedback and advice!

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/_fYt2kvdPcI?si=oXqhl5CxOBSVXN6R

Monday:

Now also $BEI (+0,37 %) Beiersdorf, the Nivea Group, is also increasing its dividend. For the first time since 2008, from 70 cents to one euro per share. The share price rises significantly.

https://www.handelsblatt.com/unternehmen/handel-konsumgueter/nivea-hersteller-beiersdorf-erhoeht-dividende-von-70-cent-auf-einen-euro/100012941.html

Tuesday:

$F3C (-4,71 %) SFC Energy, an investment from our Growth Portfolio, was able to impress with its figures. Sales and EBITDA both exceeded expectations. Sales growth amounted to 39%. SFC Energy manufactures methanol and hydrogen fuel cells.

https://www.handelsblatt.com/unternehmen/industrie/geschaeftszahlen-im-newsblog-toyota-hebt-nach-gewinnsprung-die-jahresprognose-an-infineon-mit-umsatzrueckgang/24098412.html

The Reserve Bank of Australia (RBA) leaves the key interest rate at 4.35% as inflation continues to fall. Weak retail sales figures in Australia are strengthening hopes that a rate cut could be imminent. Before today's meeting, some were expecting a further rate hike to get inflation under control.

https://amp.theguardian.com/australia-news/2024/feb/06/rba-interest-rates-announcement-hold-4-35

The retail sector in the EU can look back on a weak year in terms of sales. Sales fell by 1.8%. Despite Christmas sales, revenue in December fell by 1.1% compared to November.

https://www.handelsblatt.com/politik/konjunktur/handel-einzelhandel-im-euroraum-hat-2023-weniger-kasse-gemacht-auch-minus-im-dezember/100013122.html

Wednesday:

Our value stock $TMV (-1,8 %) Teamviewer presented figures and surprised positively. Sales increased by 11% in the lower range of the forecast. Net profit increased by 66% to 114 million euros. In its forecast for the coming year, Teamviewer expects sales growth of 7 - 11% and an EBITDA margin of 43%.

https://www.finanzen.net/amp/marge-soll-weiter-wachsen-teamviewer-aktie-teamviewer-kann-nettogewinn-deutlich-steigern-13238074

Thursday:

While the rest of the world is battling inflation, China is struggling with deflation. In January, prices fell by 0.8% compared to the previous month.

Deflation is more dangerous than inflation because investments and consumption are often postponed, which can trigger a negative spiral. For this reason, central banks worldwide also have an inflation target of around 2.0% per year.

https://www.handelsblatt.com/politik/international/deflation-preise-in-china-fallen-im-januar-so-stark-wie-seit-2009-nicht/100013117.html

$NET (+7,65 %) Cloudflare, one of our portfolio stocks, has gained significantly in value. One reason for this is probably the news that Mark Anderson is to become the new President of Revenue. Mark Anderson was previously CEO of Alteryx and before that he helped to significantly increase Palo Alto Networks' revenue. More important, however, is probably the news that Cloudflare was able to increase its free cash flow to 14% of revenue, which increased by 32% over the year. Cloudflare is therefore growing profitably, but with a KCV of around 60, it still has a sporty valuation.

https://cloudflare.net/news/news-details/2024/Cloudflare-Appoints-Mark-Anderson-as-President-of-Revenue/default.aspx

The three most important dates in the coming week:

Tuesday: 14:30 Inflation data (USA)

Wednesday: 11:00 GDP figures (EU)

Thursday: 03:00 Retail sales (China)

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/2coHw8RyH4w?si=I1h6S0_Cn96_RdOg

Monday:

$F3C (-4,71 %) SFC Energy raises its forecast. They want to grow by 30 % every year. We have had the company in our Moonshot portfolio for some time. Especially because of the hydrogen technology in their new fuel cell.

https://stock3.com/news/sfc-energy-die-latte-wird-sehr-hochgelegt-13662218

The price of gold rises to a new 6-month high. The previous record high was USD 2075 in 2020. We personally only hold very small amounts of gold. This is because gold is not a productive asset and therefore only fulfills the purpose of risk diversification at best.

https://www.handelsblatt.com/finanzen/anlagestrategie/chart-des-tages-goldpreis-steigt-auf-sechs-monats-hoch/100001542.html

Exciting developments at $VOW3 (-1,43 %) VW, the Group is valued particularly low on the stock market compared to its competitors. Although VW sells around a third as many electric cars as Tesla, the Group is only worth around a tenth of Tesla on the stock market. In addition, the VW Group sells around five times as many combustion cars as Tesla sells in total. One reason is that VW's margins are too low. The costs are too high, including labor costs. That is why Wolfsburg is now planning job cuts despite billions in profits. The aim is to survive the competition with Tesla in the long term.

https://www.handelsblatt.com/unternehmen/industrie/volkswagen-vw-markenchef-bereitet-belegschaft-auf-moeglichen-stellenabbau-vor/29524848.html

Sales in the USA fell by 5.6% to 679,000 units in October due to higher financing costs. Despite this, however, experts emphasize that house sales remain very stable. Especially in historical comparison with periods of rising interest rates.

https://www.reuters.com/markets/us/us-new-home-sales-fall-more-than-expected-october-2023-11-27/

Tuesday:

Consumer confidence in Germany remains stable. The indicator for December stands at -27.8 points. Economists had forecast a further decline to -28.5 points.

https://www.finanznachrichten.de/nachrichten-2023-11/60775004-gfk-konsumklima-in-deutschland-stabil-015.htm

The energy supplier $RWE (-0,87 %) RWE plans to continuously increase its dividend by 5 - 10 %. As we will need more and more electricity in the course of the ecological transformation, this should also be possible. At the same time, RWE plans to invest 55 billion euros in the expansion of its green electricity business by 2030.

https://www.handelsblatt.com/finanzen/maerkte/aktien/chart-des-tages-rwe-plant-stetig-hoehere-dividende/100001369.html

Wednesday:

Good news for Germany - real wages are rising again. This means that even after inflation, average salary growth is positive. The increase amounted to 0.6% compared to the same quarter of the previous year. Wages rose by 6.3 %, while inflation only increased by 5.7 %.

https://www.tagesschau.de/wirtschaft/verbraucher/realloehne-inflation-einfuhrpreise-100.html

Inflation in Germany continues to fall to 3.2%, well below the expected 3.5%. In October, inflation was still at 3.8%. However, inflation could pick up again somewhat in December ...

https://m.faz.net/aktuell/finanzen/die-inflation-in-deutschland-sinkt-auf-3-2-prozent-19347498.html

Thursday:

Inflation in the eurozone also falls more sharply than expected to 2.4%. Energy prices in particular are falling noticeably. This is just 0.4 percentage points short of the ECB's target inflation rate. Further interest rate hikes are therefore becoming increasingly unlikely. The first interest rate cuts are becoming increasingly likely.

https://www.handelsblatt.com/finanzen/geldpolitik/verbraucherpreise-inflationsrate-im-euro-raum-sinkt-im-november-staerker-als-erwartet/100001620.html

OPEC+ decides to produce even less oil. However, as the production cut of 1 million barrels per day is voluntary rather than binding, the oil price does not rise.

https://www.handelsblatt.com/finanzen/maerkte/devisen-rohstoffe/oel-kartell-opec-plus-foerdert-noch-weniger-oel-und-nimmt-ein-neues-mitglied-auf/100001591.html

Friday:

Data from Caixin shows that production in China 🇨🇳 is picking up again. At 50.7, the value is above 50, indicating an expansion in production. This means that the Chinese economy is gradually recovering.

https://www.caixinglobal.com/2023-12-01/chinas-manufacturing-pmi-rises-to-three-month-high-caixin-survey-shows-102141149.html

$PFE (+1,18 %) Pfizer has to end studies on a weight loss drug. The reason is too many side effects. This means that Pfizer cannot get a slice of the cake from the attractive market. The share reacts accordingly.

https://www.handelsblatt.com/finanzen/maerkte/marktberichte/dow-jones-sp-500-nasdaq-wall-street-startet-schwunglos-pfizer-fallen-nach-rueckschlag/100001933.html

Slight economic growth in Switzerland, GDP increases by 0.3 % in the third quarter. The economy actually contracted slightly in the second quarter. Like Germany, Switzerland is not really recovering from the coronavirus shock. This is due to the fact that both economies are suffering from weak foreign demand for their export goods.

https://www.nzz.ch/wirtschaft/bip-im-3-quartal-2023-schweizer-wirtschaft-waechst-leicht-ld.1768483

The most important dates for the coming week:

Monday: 08:30 Inflation data (Switzerland)

Tuesday: 04:30 Interest rate decision (Australia)

Wednesday: 16:00 Interest rate decision (Canada)

Thursday: 04:00 Trade Balance (China)

Friday: 14:30 Labor market data (USA)

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

Here are the dates of the coming week:

https://youtube.com/shorts/xwA7DCnogM4?si=VWzzbPzr4BMTQGHj

Monday:

#china Lowers interest rates on one of the central bank's interest rate lines. The one-year loan now costs 3.45% interest instead of 3.55%. China is trying to stimulate the economy with this. The real estate sector in particular is expected to benefit from lower interest rates.

https://www.bbc.com/news/business-66567085.amp

$PANW (+7,32 %) Palo Alto Networks can surprise the stock market with strong figures. The cybersecurity provider increased sales by 26%. In addition, there was a positive outlook for the full year.

https://www.deraktionaer.de/artikel/aktien/an-diesem-aktionaer-cybersecurity-tipp-fuehrt-kein-weg-vorbei-20337977.html

Good omen for #inflation producer prices fall for the first time since 2020. Producer prices are seen as a harbinger of actual inflation; if producers produce more cheaply, this also depresses the inflation rate in the future. Compared with the previous year, producer prices have fallen by 6.0%, significantly more than the assumed 5.1%.

https://www.handelsblatt.com/politik/konjunktur/nachrichten/konjunktur-erzeugerpreise-fallen-erstmals-seit-ende-2020/29343326.html

According to a Bundesbank report, the economic situation in Germany remains tense. There will probably be a 0 round in the 3rd quarter as well, meaning no growth.

https://app.handelsblatt.com/finanzen/geldpolitik/monatsbericht-deutsche-wirtschaft-wird-im-sommer-wohl-ebenfalls-nur-stagnieren/29344192.html

Tuesday:

$F3C (-4,71 %) SFC Energy remains the big hope in our moonshot portfolio. The figures were above expectations. Second quarter sales grew 46%. The guidance for the full year is increased.

https://www.finanzen.net/nachricht/aktien/gute-geschaefte-sfc-energy-aktie-gibt-vorboerslich-gas-sfc-energy-nach-umsatzsprung-optimistischer-12757967

$COTY (+1,79 %) Coty, which produces, among other things, perfumes for luxury labels, reports significant growth. Sales increased by 16%. However, profit was below expectations due to higher costs.

$9888 (-3,5 %) Baidu performs better than expected. The Chinese equivalent of Google increases advertising revenues by 15%.

The construction manufacturer $STO3 (+0,53 %) Sto lowers its forecast. Due to poor weather conditions, among other things, full-year sales will probably be slightly lower.

Monday evening $ZM (+3,41 %) Zoom still presented figures above analysts' expectations.

https://app.handelsblatt.com/unternehmen/industrie/-geschaeftszahlen-im-newsblog-rabatte-lassen-macys-gewinn-einbrechen/24098412.html

Wednesday:

On average, a bank account in Germany costs 100 euros per year, according to a study. Although there is interest again almost everywhere, but not on the current account.

https://app.handelsblatt.com/finanzen/banken-versicherungen/banken/banken-banken-erhoehen-gebuehren-weniger-gratiskonten/29348194.html

Poor purchasing managers' index figures, a clear signal of recession. The index plummeted to 44.7 points. Expected was only a decline to 48.3 points. In particular, the service sector sags more than expected, so far poor industrial data could be compensated here.

https://deutsche-wirtschafts-nachrichten.de/705530/deutsche-wirtschaft-im-august-auf-rasanter-talfahrt

At $FL (+1,55 %) Foot Locker is currently not doing so well. Dividend and outlook are being lowered.

https://www.t-online.de/finanzen/boerse/ticker/aktien-im-fokus-foot-locker-belastet-kurse-von-adidas-puma-und-nike/0DAE2E00BA467D5B/

$NVDA (+1,51 %) Nvidia does not disappoint, figures and outlook are above expectations. Sales increased year-on-year from USD 6.7 billion to USD 13.5 billion.

https://www.finanzen.net/nachricht/aktien/bilanz-vorgelegt-nvidia-aktie-zuendet-an-der-nasdaq-nachboerslich-erneut-den-turbo-nvidia-mit-gewinnsprung-erwartungen-uebertroffen-12757955

Thursday:

The BRICS states expand by 6 countries. This also increases the economic power and global influence, the declared goal is to form a counterpole to the G7. Through the merger, the interests of the member countries should be better enforced. Brazil, Russia, India, China and South Africa are now joined by Iran, Saudi Arabia, the UAE, Egypt, Ethiopia and Argentina.

https://www.handelsblatt.com/politik/international/staatenbund-brics-staaten-beschliessen-erweiterung-um-sechs-laender/29351372.html

$CEVMY CTS Eventim is benefiting from the event boom. The ticket marketer broke the billion mark in the first half of the year and reported a 39% increase in sales.

https://app.handelsblatt.com/unternehmen/industrie/-geschaeftszahlen-im-newsblog-gewinnsprung-bei-cts-eventim/24098412.html

Friday:

Inflation is also coming back in Japan 🇯🇵. The increase was still at 2.8% year-on-year. The expected figure was 2.9%. The whole thing is remarkable, because the Japanese central bank has changed virtually nothing in the interest rate level.

https://www.n-tv.de/wirtschaft/der_boersen_tag/Inflation-in-Japan-verlangsamt-sich-weiter-article24349602.html

According to new figures, Germany's GDP neither grew nor shrank in the second quarter. Economic output stagnated. This means that we have experienced three quarters in a row without growth.

https://www.handelsblatt.com/politik/konjunktur/nachrichten/konjunktur-keine-rezession-mehr-aber-die-euro-zone-haengt-deutschland-ab/29349782.html

Short squeeze at $VFS (-0,2 %) Vinfast, the manufacturer from Vietnam 🇻🇳 is trying its hand as an electric car manufacturer and is considered an industrial hope in the country.

https://www.deraktionaer.de/artikel/mobilitaet-oel-energie/stellt-dieses-e-auto-start-up-bald-alle-in-den-schatten-20338318.html

Powell emphasizes at the Jackson Hole meeting that there could be another interest rate hike, but that they want to proceed 'cautiously'. Basically, nothing new in the communication. The market is sold off a bit, it was probably hoped that interest rate cuts would also be discussed.

https://stock3.com/news/fed-chef-powell-sind-vorsichtig-bei-weiteren-zin-12954987

These are the most important dates of the coming week:

Monday: 03:30 Retail Sales (AUS)

Tuesday: 15:00 Housing Price Index (USA)

Wednesday: 14:00 Inflation data (DE)

Thursday: 11:00 Inflation data (EU)

Friday: 03:45 Caixin Production (China)

After a detailed study of the fundamental data, I have come to the conclusion that there is no great upside potential for this hidden champion at the moment and I have therefore closed the position.

Economy on 22.08.2023...

Nvidia turns up the heat even before the numbers!⤵️

Yesterday, Nvidia with over 8% plus, went out of trading. Reason for this, were some positive rating measures. The share is close to the all-time high and knew only one direction this year. At the beginning of the year, the share stood at 130$ and now stands at just under 470$. Very surprising to me and I congratulate everyone who has been on this great journey. Anyway, Nividia is one of the companies that ran against the market. Just the last week there were big pullbacks. While 2023 is still a positive year (so far), that was quite a big pullback last week. Yesterday, this continued. Of course, this is positive for the bonds.

Also, the Fed stressed yesterday once again, that inflation target of 2%, continues to be the goal and a change in this target, is not necessary.

With the quarterly figures, it is slowly quieter. The big ones have all reported and a few still follow. Among other things, this week is still $NVDA (+1,51 %) Nvidia is next. I'm very excited about that. Even though I'm only standing on the sidelines there.

I currently invest only passively in ETFs and continue to accumulate cash. My time is still going into paving my driveway. And there I need probably still 2-3 weeks for. I still have to do my normal job and unlike in many other areas, we currently have a very high order situation in shipbuilding. We now have 15 ships on order and, as purchasing manager, I have a lot to do again. It is still difficult to get some parts or we have very long delivery times. That's why we have to act very early now.

Let's take a quick look at the day today. There is not that much going on, but there are a few exciting numbers coming up today. $F3C (-4,71 %) SFC Energy and my main broker: $FTK (-0,97 %) Flatexdegiro

Economic data

08:00

• CH: Trade Balance July

10:00

• DE: Expert Council on Climate Issues, Pk on publication of the statement on the climate protection program 2023 and the review report for the sectors buildings and transport, Berlin

13:30

• US: Fed Richmond President Barkin (2023 non-voting FOMC member), speech at Danville Pittsylvania County Chamber of Commerce.

16:00

• US: Existing home sales July PROGNOSIS: -0.2% yoy previous: -3.3% yoy

20:30

• US: Fed Chicago President Goolsbee (2023 FOMC voting member), speech at "Fed Listens" event.

22:30

• US: Crude oil inventory data (week) from private American Petroleum Institute (API).

ex-dividend individual stocks

EQUINIX INC 3.1296 EUR

PETROLEO BRASILEIRO SA ADR 0.2159 EUR

Quarterly figures / Company dates USA / Asia

00:30 BHP annual figures

No time stated: Lowe's Cos | Coty | Macy's

Quarterly figures / company dates Europe

07:30 SFC Energy quarterly figures

10:00 Flatexdegiro detailed result 1H

No time stated: Medtronic quarterly figures

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As every Sunday, the most important dates of the coming week and the news of the last week:

https://youtube.com/shorts/pfzYa1llP08?feature=share

Monday:

Signs of #deflation in China 🇨🇳mehren. In June, there was 0% inflation. Deflation is as damaging to the economy as inflation that is too high. With deflation, consumption is stifled. Since it pays more not to spend money and just leave it lying around, people spend less money on consumption. As a result, domestic demand falls and the economy grows more slowly.

https://www.toponline.ch/news/welt/detail/news/inflation-in-china-hat-stop-eingelegt-angst-vor-deflation-00216283/

Already on Friday, the major bank $UBSG (+0,2 %) (UBS) from Switzerland left its assessment for $BOSS (-2,36 %) (Hugo Boss) unchanged at "Buy" after a roadshow in which CFO Yves Müller participated, among others. The price target was set at 87 euros. According to analyst Susy Tibaldi, who commented in an available report on Friday, relaxed tones were struck during the roadshow. There were no signs of a slowdown in broad-based sales growth. Then on Saturday, Societe General still raised the price target from EUR 75 to EUR 78. The rating is still left at 'Hold'. Finally, this morning JPMorgan raised the price target from EUR 76 to EUR 82. The rating remains at 'Overweight'.

https://goldesel.de/Artikel/mehrere-aufstufungen-bei-dieser-aktie

Tuesday:

Harmonized #consumer prices (comparable across the EU) increase to 6.8% year-on-year in Germany. Main reason are the effects of the EUR 9 ticket and the fuel price discount, which were introduced in June 2022.

dpa-AFX ProFeed

Corporate profits in Germany have increased at an above-average rate in recent years. While unit profits have increased by 24% since 2019, unit labor costs have increased by only 13%. The #OECD stresses the high difference between unit labor costs and unit profits allows further wage increases to spread the cost of inflation more evenly.

https://app.handelsblatt.com/politik/international/konjunktur-oecd-gewinne-steigen-in-deutschland-besonders-stark/29251500.html

Wednesday:

The share of $YOU (+1,8 %) (About You) gains significantly. The reason is that About You surprisingly quickly reached profitability.

dpa-AFX ProFeed

$$F3C (-4,71 %) (SFC Energy) has received a follow-up order from the Netherlands. The company will supply EFOY Pro fuel cells worth approximately EUR 2.5 million to BauWatch, a leading service provider for temporary monitoring applications in Central Europe. Approximately €2 million of the order value will be recognized in sales in the current fiscal year, while the remaining amount will be recognized in 2024. The fuel cells supplied by SFC Energy will be deployed by BauWatch in camera towers mainly used for monitoring construction sites. The camera systems enable real-time tracking of construction progress remotely while increasing protection against criminal activity. BauWatch's security applications are also used in wind farms, solar farms and infrastructure projects. Each camera tower is equipped with batteries and solar panels for power supply. As an intelligent power generator, the EFOY Pro fuel cell monitors the battery's state of charge and automatically switches on to continuously recharge the battery if the voltage drops due to weather-related influences. The fuel cell then switches back to standby mode.

https://goldesel.de/Artikel/sfc-energy-mit-folgeauftraegen

Markets rise noticeably after inflation data from the USA turns out lower than expected. The inflation rate falls to 3.0% (forecast: 3.1%). Core rate also falls to 4.8% (forecast: 5.0%)

dpa-AFX ProFeed

Thursday:

After Lanxess, Evonik and Clariant, must also. $BAS (-1,23 %) (BASF) lower its forecast. The main reason is that the recovery in China fails to materialize for the time being and Germany has already slipped into a technical recession. However, this has probably already been priced in, and the share is hardly losing any ground.

The chemical sector is considered a leading indicator for economic development. There have been forecast adjustments, but BASF is expected to remain profitable this year.

https://app.handelsblatt.com/unternehmen/industrie/chemiekonzern-basf-senkt-jahresziele-nur-zaghafte-erholung-erwartet/29254958.html

No special statements in the minutes of the #ECB meeting. The assumption is that the current interest rate level may not yet be sufficient to curb inflation.

https://www.xtb.com/de/Marktanalysen/Trading-News/eur-steigt-nach-aggressivem-ezb-protokoll

Friday:

Telecom equipment maker $ERIC A (+0,13 %) (Ericsson) continues to struggle with a weak phase in its network business. In addition, the tightened austerity measures are weighing heavily on results. In the second quarter, the Swedish company posted a net loss of around 600 million Swedish kronor (52 million euros), it announced in Stockholm on Friday. That compares with a profit of just under 4.7 billion kronor a year earlier. Analysts, however, had expected an even worse result. Group CEO Börje Ekholm does not expect an improvement until the end of the year. Ericsson is suffering mainly from the reluctance of large mobile network operators to invest early in new technologies related to the 5G mobile standard and are now reducing their inventories. In the last quarter, sales in the network division fell by 13 percent, excluding acquisitions, disposals and currency effects. Performance was particularly weak in the United States. Successful business in India, where Ericsson has now become the market leader, could not compensate for this. Total Group revenue increased slightly by 3 percent to 64.4 billion kronor due to an acquisition.

https://goldesel.de/Artikel/ericsson-mit-schlechten-zahlen

Good figures from US banks 🇺🇸, JP Morgan earns 67% more than in the same quarter last year. Wells Fargo also increased its net income by more than 60%. Only Citigroup saw a decline of 31%, the reason being a weak trading business.

https://app.handelsblatt.com/finanzen/banken-versicherungen/banken/quartalszahlen-us-banken-profitieren-massiv-von-gestiegenen-zinsen/29259310.html

Key dates for the coming week:

Monday: 4:00 GDP figures (China)

Tuesday: 14:30 Retail Sales (USA)

Wednesday: 11:00 Inflation data (EU)

Thursday: 3:15 Interest rate decision (China)

Friday: 1:30 Inflation data (Japan)

Dip taken 🙂