Adidas

30.10.2024

Xiaomi SU7 Ultra breaks record on the North Loop + Visa posts double-digit sales and profit growth + Google's advertising business grows significantly again + Adidas recovers strongly - "good prospects" + McDonald's has to nibble at sluggish consumption worldwide + PayPal Holdings Inc. outperforms in the third quarter

On October 28, 2024, the prototype $1810 (+0,79 %)Xiaomi SU7 Ultra prototype set a new record for four-door electric cars with a lap time of 6 minutes 46.874 seconds on the Nordschleife of the Nürburgring. Xiaomi EV thus broke the track record that had stood for seven years and underlines its commitment to further increasing the performance of electric vehicles.

https://www.goingelectric.de/2024/10/29/news/xiaomi-su7-ultra-bricht-rekord-auf-der-nordschleife/

The credit card group Visa $V (+1,31 %) benefited greatly from the desire to consume and travel in the past financial year. Thanks to a strong final quarter, growth in the twelve months to the end of September was in double figures. Turnover climbed by ten percent to almost 36 billion dollars (33.2 billion euros), the Dow Jones-listed company announced in San Francisco on Tuesday. Visa recorded a 14 percent increase in profits to 19.7 billion dollars. The result was therefore slightly better than experts had expected. In the current financial year 2024/25, Visa is once again aiming for strong growth in sales and profits. Despite the positive outlook, the company is planning to cut jobs, according to a report in the Wall Street Journal. The share price initially rose slightly in after-hours trading. After years of soaring, the stock has run out of steam this year. Since the end of 2023, the share price has only risen by eight percent, lagging somewhat behind the Dow Jones. In the ten years before that, however, the share price rose by almost 400%, significantly more than most other blue chips. With a market capitalization of just over 570 billion dollars, Visa is the 13th most valuable US company, only just behind the much larger US bank JPMorgan .

Google's $GOOGL (-5,23 %) advertising business continues to grow rapidly despite the new AI competition. Advertising revenue rose by a good ten percent year-on-year to 65.85 billion dollars in the past quarter. The quarterly profit of parent company Alphabet jumped by a third to 26.3 billion dollars (24.3 billion euros), as the company announced on Tuesday after the close of the US stock exchange. Google's advertising revenues continue to form the basis of Alphabet's business. The video subsidiary YouTube contributed 8.9 billion dollars - a good twelve percent more than in the same quarter last year. This was in line with analysts' expectations. The share price rose by around four percent in after-hours trading. Overall, Alphabet's turnover grew by 15 percent to 88.27 billion dollars. The development of Google's advertising business is being watched very closely. A key question is whether attempts by competitors to use artificial intelligence to display direct answers instead of links will leave a mark on Google's search engine. In the so-called "other bets" - future projects such as self-driving cars or delivery drones - the quarterly turnover of all companies rose from 297 to 388 million dollars within a year. The division's operating loss was around 1.12 billion dollars, compared to just under 1.2 billion dollars a year ago.

Adidas $ADS (-1,54 %) rose by 3.8 percent after its final figures. The RBC analysts were positive about the profit, which significantly exceeded market expectations thanks to lower financing costs and slightly higher financial income. And for 2025, the order book looks "strong, at least for the first quarter, but also into the second quarter", according to the group. Adidas has also confirmed its medium-term margin target of 10 percent for 2026.

The fast food group McDonald's $MCD (-0,18 %) continues to struggle with tight customer budgets worldwide. On a comparable basis, revenue in the third quarter slipped by 1.5 percent compared to the same period last year, as the US company announced in Chicago on Tuesday. The decline was thus twice as high as analysts had feared on average. McDonald's uses this key figure to compare the revenues of those restaurants that have been open for at least the past 13 months, as well as all temporarily closed restaurants. In addition to the effects of the conflict in the Middle East and calls for boycotts in the region, business in China, France and the UK was also worse. McDonald's only recorded a minimal increase in its home market. At Group level, sales rose by three percent to just under 6.9 billion US dollars (around 6.35 billion euros). However, the operating result fell by one percent to just under 3.2 billion dollars. On the bottom line, the BurgerKing competitor earned 2.26 billion dollars after 2.32 billion in the previous year.

PayPal Holdings Inc. $PYPL (+0,64 %) outperformed analysts' estimates of USD 1.07 in the third quarter with earnings per share of USD 1.20. Revenue of USD 7.85 billion below expectations of USD 7.88 billion. Paypal shares fall 5.6% in early US trading yesterday as the company's revenue forecast for the final quarter disappoints, despite a better-than-expected third-quarter profit.

Wednesday: Stock market dates, economic data, quarterly figures

ex-dividend of individual stocks

Inditex EUR 0.50

Texas Instruments 1.36 USD

Kinder Morgan Registered (P) USD 0.29

Quarterly figures / company dates USA / Asia

11:30 Caterpilla | GE Healthcare quarterly figures

11:45 Eli Lilly quarterly figures

12:00 Kraft Heinz quarterly figures

12:45 Abbvie quarterly figures

21:00 Microsoft | Booking Holdings | Amgen quarterly figures

21:05 Meta Platforms | Ebay | Starbucks quarterly figures

21:15 Allstate quarterly figures

Untimed: Biogen quarterly figures

Quarterly figures / Company dates Europe

06:45 UBS | Aker ASA Quarterly figures

07:00 BASF | Fuchs | Kion | Capgemini Quarterly figures

07:30 Volkswagen | Schneider Electric | Raiffeisen Bank International quarterly figures

08:00 GSK plc | Standard Chartered Quarterly Figures | Glencore Production Report 3Q

08:30 BASF Analyst Conference

09:00 Aston Martin quarterly figures | VW analyst and press conference | UBS analyst conference

10:00 BASF | Fuchs PK

10:45 UBS PK

12:00 Fuchs Analyst Conference

15:00 Kion Analyst Conference

17:45 Airbus quarterly figures | Axa 9 months sales

18:30 Airbus PK

19:30 Airbus Analyst Conference

No time specified: Outokumpu | Telenor quarterly figures

Economic data

• 07:30 FR: GDP (1st release) 3Q FORECAST: +0.3% yoy Q2: +0.2% yoy
• 08:00 DE: Employment September
• 08:45 FR: Private consumption September FORECAST: +0.1% yoy/+0.2% yoy Previous: +0.2% yoy/0.0% yoy
• 09:00 DE: Economic forecast of the DIW - German Institute for Economic Research
• 09:00 ES: GDP (1st release) 3Q FORECAST: +0.6% yoy/+2.9% yoy Q2: +0.8% yoy/+3.1% yoy | HICP and consumer prices (preliminary) October HICP FORECAST: +1.6% yoy previous: +1.7 yoy
• 09:55 DE: Labor market data October seasonally adjusted unemployment rate FORECAST: +15,000 yoy previously: +17,000 yoy Unemployment rate seasonally adjusted FORECAST: 6.1% previously: 6.0%
• 10:00 DE: GDP (1st release) 3Q calendar and seasonally adjusted yoy FORECAST: -0.1% yoy Q2: -0.1% yoy Q2: calendar-adjusted yoy FORECAST: -0.3% yoy Q2: 0.0% yoy
• 10:00 DE: Consumer prices Bavaria | Brandenburg | Hesse | Saxony | Baden-Württemberg October
• 10:00 IT: GDP (1st release) 3Q PROGNOSIS: +0.2% yoy/+0.8% yoy Q2: +0.2% yoy/+0.6% yoy
• 10:50 EU: ECB, allotment of a 7-day dollar tender
• 11:00 EU: GDP (1st release) 3Q Eurozone FORECAST: +0.2% yoy/+0.8% yoy Q2: +0.2% yoy/+0.6% yoy
• 11:00 EU: Economic Sentiment Index October Economic Sentiment Eurozone FORECAST: 96.3 Previous: 96.2 Industrial Confidence Eurozone FORECAST: -10.9 PREV: -10.9 Eurozone Consumer Confidence FORECAST: -12.5 PREV: -12.5 PREV: -12.9
• 11:00 EU: Eurozone Business Climate Index October
• 13:15 US: ADP Labor Market Report October Private Sector Employment Forecast: +113,000 jobs Previous: +143,000 jobs
• 13:30 US: GDP (1st release) 3Q annualized PROGNOSE: +3.1% yoy Q2: +3.0% yoy GDP deflator PROGNOSE: +2.0% yoy Q2: +2.5% yoy
• 14:00 DE: Consumer prices (preliminary) October PROGNOSE: +0.2% yoy/+1.8% yoy previous: 0.0% yoy/+1.6% yoy HICP PROGNOSE: +0.2% yoy/+2.1% yoy previous: -0.1% yoy/+1.8% yoy

Earnings summary this morning 👇🏼

$BP. (+1,87 %)
| BP Q3 2024 Earnings

EPS Adj 13.89C (12.67C)

Adj Net $2.27B (est $2.05B)

Oper Cash Flow $6.16B (est $6.29B)

Net Debt $24.21B (est $23.28)

Plans 1.75B Share Buyback For Third Quarter

Sees 4Q Reported Upstream Production To Be Lower Vs Q3

$OMV (+1,22 %) | OMV AG Q3 24 Earnings:

- Clean CCS Oper Profit EU1.10B (est EU1.05B)

- Clean CCS Net Income EU346M (est EU447.8M)

- Still Sees FY Organic CAPEX About EU3.8B (est EU3.68B)

- Sees FY Avg Production 330, 000 To 350, 000 BOE/D

$NOVN (+0,88 %) | Novartis Q3 24 Earnings:

- Core EPS $2.06 (est $1.94)

- Net Sales $12.82B (est 12.68B)

- Net Sales Expected To Grow By 'Double Digit'

- Raises FY Outlook

- Now Sees FY Core Oper Income Growth In High Teens

$SAN (+0,23 %) | Santander Q3 24 Earnings:

- Net Income EU3.35B (est EU3.17B)

- Net Interest Income EU11.23B (est EU11.57B)

- Net Loan - Loss Provision EU2.98B (est EU3.18B)

- Confident It'll Deliver On All Targets

$HSBA (+0,37 %) | HSBC Q3 24 Earnings:

- Div/Shr 10C (est 10C)

- Net Interest Income $7.64B (est $9.25B)

- Sees Div payout Ratio Target Basis of 50% for 2024

- Announces Up $3B Buy Back

$ADS (-1,54 %) | Adidas is optimistic after a strong third quarter and confirms a sales increase of 7.3% to 6.4 billion euros. Demand in Europe and growth in China are driving the development, while profits increase by 73.4% to 469 million euros.

$HYQ (-0,28 %) | Hypoport increases revenue by 29% to 114 million euros in the third quarter and achieves an operating profit of 3.6 million euros, which is above analysts' expectations. The upturn in real estate finance is driving growth.

$LHA (-1,42 %) | Lufthansa announces a savings program to increase adjusted operating profit by EUR 1.5 billion by 2026. Adjusted profit in the third quarter of 2024 falls by 9% to EUR 1.3 billion Deutsche Lufthansa AG expects an operating profit of between EUR 1.4 billion and EUR 1.8 billion for the full year 2024, after focusing on the cost structure in the third quarter. The share is benefiting from hopes of an easing of the Middle East conflict.

$CEC (-0,77 %) | Ceconomy exceeds analysts' expectations with adjusted EBIT in the upper half of the range of 290 to 310 million euros. Sales increase by 5.3% to around 22.4 billion euros in the 2023/2024 financial year

$HFG (-5,04 %) | HelloFresh Group achieves currency-adjusted revenue growth of 1.9% compared to the previous year and adjusted EBITDA ("AEBITDA") of €72 million

17.10.2024

Adidas weak + Airbus cuts up to 2,500 jobs in defense and aerospace division + LVMH under pressure after figures + Nestle lowers annual targets + Nokia sees turning point coming

For the share of Adidas $ADS (-1,54 %) fell by 6.3 percent after the sporting goods manufacturer raised its forecast the previous evening. The stock market criticized the fact that the forecast was now where the consensus of analysts had already seen it beforehand - and therefore did not provide a positive surprise. Deutsche Bank analysts pointed out that operating costs had risen by around 5 percent in the third quarter compared to a stable first half of the year. In addition, luxury goods manufacturer LVMH reported that the short-term outlook remains cautious, as it is unclear whether demand in China has bottomed out and whether growth in the US and Europe is accelerating.

Airbus $AIR (+0,93 %) is struggling with huge losses in the satellite business and therefore wants to cut up to 2,500 jobs in its defense and aerospace division. The aerospace company announced on Wednesday that the cuts would take place by mid-2026. The Airbus division employs almost 35,000 people in Germany and other European countries. The locations affected are to be clarified at the end of the year following talks with the trade unions and works councils. Airbus mainly builds satellites in Immenstaad on Lake Constance, in Toulouse, in London and in Munich.

Disappointing quarterly figures from LVMH $MC (-1,36 %) put the entire sector under pressure on Wednesday. Luxury and consumer goods stocks fell significantly. LVMH fell by 5.1 percent to 593.70 euros. Also Kering $KER (-2,7 %) and numerous other stocks in the sector also lost ground. Negative analyst opinions also played a role for the French cosmetics manufacturer. LVMH continued its disappointing performance in the current year with these losses. The downward trend since the spring is intact, after the share marked new lows for the year and wiped out the recovery attempts of the past week. The French luxury goods group continues to struggle with subdued demand. In the third quarter, turnover fell by three percent, excluding currency effects and acquisitions and disposals of parts of the company. Analysts had expected slight growth of 0.9 percent on average. Overall, turnover fell by 4.4 percent to 19.08 billion euros. This is also less than experts had expected. The analysts at Goldman Sachs therefore spoke of a disappointment, although expectations before the report had already been cautious. The fashion and leather goods segment in particular had suffered from weak demand from China, but the spirits segment had also missed estimates. The economic environment for luxury goods remains difficult and the next six months are unlikely to be easy. L'Oreal $OR (+1,38 %) recently lost 3.4 percent to 363.70 euros after JPMorgan downgraded the shares from "Neutral" to "Underweight" and lowered the price target from 390 to 325 euros.

The food group Nestle has lowered its forecasts for the current year following a disappointing quarter. Growth in the first nine months was too low to maintain the previous targets. The new CEO Laurent Freixe has therefore cut expectations for 2024 and the company now expects growth of around two percent. Former CEO Mark Schneider had recently emphasized that Nestle would grow organically by "over 3 percent" for the year as a whole, but this seems too optimistic. Laurent Freixe, who took over as CEO in August after a long career at the food multinational, has now rejected these false hopes and lowered his expectations for the year as a whole.

The network equipment supplier Nokia $NOKIA (-2,29 %) is gradually seeing the turning point in its weak markets. "Net sales are recovering more slowly than we expected, but we are compensating for this in part with an improved gross margin and cost savings," said Group CEO Pekka Lundmark in a statement on Thursday. Signs of recovery are already visible in business with fixed-line and IP products. The market for mobile networks, on the other hand, is proving more difficult. In the third quarter, Nokia therefore fell short of analysts' expectations: in the three months to the end of September, net revenue slipped by eight percent year-on-year to 4.3 billion euros. Industry experts had expected more on average.

Thursday: Stock market dates, economic data, quarterly figures

Quarterly figures / company dates USA / Asia

07:30 TSMC quarterly figures

12:30 KeyCorp quarterly figures

13:00 Travelers Cos quarterly figures

22:00 Netflix quarterly figures

Quarterly figures / Company dates Europe

07:00 ABB | Nordea | Nokia | Essilor-Luxottica

07:00 Sartorius quarterly figures | Hella sales 3Q

07:15 Nestle 9 months sales

09:00 Pernod-Ricard 1Q sales

09:00 Sartorius PK

Economic data

• 08:00 DE: Manufacturing orders on hand and backlog August
• 08:00 CH: Trade Balance
• 11:00 EU: Trade balance sb August FORECAST: n/a previous: +15.5 bn euro
• 11:00 EU: Consumer prices September Eurozone FORECAST: -0.1% yoy/+1.8% yoy PREVIEW: -0.1% yoy/+1.8% yoy PREVIEW: +0.1% yoy/+2.2% yoy CORE RATE FORECAST: +0.1% yoy/+2.7% yoy PREVIEW: +0.1% yoy/+2.7% yoy PREVIEW: +0.3% yoy/+2.8% yoy
• 14:15 EU: ECB, outcome of the Governing Council meeting Deposit rate FORECAST: 3.25% previously: 3.50%
• 14:30 US: Retail Sales September PROGNOSE: +0.3% yoy previous: +0.1% yoy Retail Sales ex Motor Vehicles PROGNOSE: +0.1% yoy previous: +0.1% yoy
• 14:30 US: Initial jobless claims (week) FORECAST: 260,000 Previous: 258,000
• 14:30 US: Philadelphia Fed Index October FORECAST: 3.0 PREVIOUS: 1.7
• 14:45 EU: ECB, PK after Governing Council meeting
• 15:15 US: Industrial Production and Capacity Utilization September Industrial Production PROGNOSE: -0.2% yoy previous: +0.8% yoy Capacity utilization PROGNOSE: 77.8% previous: 78.0%
• 16:00 US: Inventories August PROGNOSE: +0.3% yoy previous: +0.4% yoy

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 (-1,42 %) 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 (+1,36 %) 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 (+3,19 %) 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 (-1,54 %) and Puma $PUM (-2,77 %) 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 (-1,36 %) 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 (+0,75 %) 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

Share of companies in the development of the DAX

34.8% SAP $SAP (+0,95 %)

13.1% Allianz $ALV (+1,84 %)

10.9% Munich RE $MUV2 (+1,94 %)$MURGY

10.2% Deutsche Telekom $DTE (+0,38 %)

7.3% Rheinmetall $RHM (+1,35 %)

5.2% Siemens Energy $ENR (+3,25 %)

5.1% Adidas $ADS (-1,54 %)

3.6% Deutsche Bank $DBK (+0,74 %)

9.8% remaining 32 shares together

>> Which ones are you invested in?

Source: HQ Trust Research, as of August 2024

$LYY7 (+0,35 %)
$DAX
$GDAXI
$EXS1 (+0,38 %)
$EXIC (+0,4 %)
#dax
#deutschland

Week in review 05.10.

New all-time highs for Arista Networks, BlackRock, Caterpillar, Exxon Mobil, Fiserv, Jefferies Financial, Home Depot, Lockheed Martin, MetLife, Otis Worldwide, Piper Sandler, Stifel Financial, Unum Group, Vistra Corp.

New 52-week highs for Carvana, Juniper Networks, NextEra Energy, Palantir, Tanger, ZIM Integrated Shipping

BTC rises +10% in September, best September for Bitcoin in its history

Good labor market report on Friday in the US, recession / hard landing is canceled for now

Dock workers strike in the US ends thanks to strong wage increase, possible rising inflation due to long strike and crisis are canceled

Palantir breaks $40 mark for the first time since February 2021, +154% in 12 months #PLTRgang 🤜🤛👊✊

Alphabet imitates Microsoft and now also wants nuclear power for AI data centers

YouTube shorts can now be a maximum of three minutes long instead of just 60 seconds to compete with Instagram Reels and TikTok

Tesla disappoints with delivery figures in Q3 despite new record, shares fall 4%, rumors say a new Tesla model will be presented at the upcoming Robotaxi event on 10.10.

Microsoft now offers Office 2024 without a subscription fee for a one-off €149 for PC & Mac and ends HoloLens AR headset program

Amazon wants to increase advertising on Prime Video

New "affordable" Apple iPhone SE to arrive in 2025 and new iPad Mini, Mac Mini and Macbooks with M4 chip later this year (rumors)

Rivian lowers its production targets for 2024 due to supply bottlenecks, delivery figures for Q3 worse than expected as at Tesla, Rivian shares -3%

China stocks continue to rise thanks to money printers and stimulus program, weekly performance: +42% Alibaba Health, +30% Jinko Solar, +30% Meituan, +28% ZTE, +21% Ping An, +20% JD. com, +19% Kingsoft, +19% Weibo, +17% Pinduoduo, +14% Xiaomi, +13% BYD, +8% Alibaba, +7% Baidu

Oil price rises this week due to war in the Middle East, oil companies up and airlines down

Nike with mixed figures. Shares fall 6% in after-hours trading after the sporting goods company reported a significant drop in sales for the third quarter and canceled its annual targets. In addition, an investor day planned for November was postponed. Adidas shares much better this year.

BlackRock now holds $24 billion worth of Bitcoin, representing 2% of the total

MicroStrategy has now bought bitcoin 40 times in the last four years for a total of $10 billion

Coinase's own blockchain "Base" now holds $2bn total value locked, which is +370% since the beginning of the year

Boeing considers capital increase, strike has been going on for three weeks

German economy stagnates until the end of the year, slight improvement maybe in 2025

Inflation in Germany falls to 1.6%, but services increase by +3.8%

Rheinmetall with new order from Denmark for 16 Sky Ranger 30 including ammunition for air defense

EU car tariffs against China are now possible, German car shares rise

Profit warning at Stellantis and again at VW

Springer Nature - IPO successful, issue price €22.50, last price €23.05

>> If you want to read a review like this every week, leave a like & subscribe.

$AAPL (+0,52 %)
$GOOGL (-5,23 %)
$GOOG (-4,95 %)
$TSLA (+0,05 %)
$RHM (+1,35 %)
$PLTR (+0,69 %)
$BA (-1,36 %)
$BTC (+0,18 %)
$COIN (-7,73 %)
$MSTR (-12,57 %)
$MSFT (+0,08 %)
$RIVN (+0,52 %)
$AMZN (-1,7 %)
$9988 (-0,72 %)
$PDD (-9,39 %)
$NKE (+3,29 %)
$ADS (-1,54 %)
$BLK
$VOW (-1,62 %)
$STELLA

Week in review 28.09.

New all-time highs for DAX, Dow Jones, S&P 500, Gold, GE Vernova, Meta, Netflix, SAP, Vistra Corp, Walmart 👑🥇 $LYY7 (+0,35 %)
$CSPX (+0,89 %)
$ABX (+1,83 %)
$GEV (+0,62 %)
$META (-0,47 %)
$NFLX (+1,95 %)
$SAP (+0,95 %)
$VST (+7,75 %)
$WMT (+2,04 %)

New 52-week highs for 3M, Air Products, Alibaba, Arista Networks, Barrick Gold, Bank of Nova Scotia, BlackRock, Caterpillar, Constellation Energy, DuPont, HSBC, Infosys, Live Nation, McDonald's, Palantir, PayPal, Public Storage, Royal Bank of Canada, Royal Caribbean, Sea Ltd, Spotify, Tangier 💵📈 $PLTR (+0,69 %)
$9988 (-0,72 %)
$BABA (-0,73 %)
$BLK
$CAT (+3,05 %)
$BNS (+0,92 %)
$STZ (+1,1 %)
$DD (+1,73 %)
$HSBA (+0,37 %)
$HSBC (+0 %)
$INFY
$LYV (+2,78 %)
$MCD (-0,18 %)$PUB
$PUB
$RCL (+1,15 %)
$SEA (-0 %)
$SKT (+1,92 %)

Bitcoin with new 1-month high, +22% in three weeks since the low on 07.09. from 52k$ to 66k$, +150% in 12 months📉📈 $BTC (+0,18 %)

PayPal's own stablecoin PYUSD (crypto) is growing strongly and is now one of the top 100 cryptos by market capitalization at 95th place 💰 $PYPL (+0,64 %)

Palantir with inclusion in the S&P 500 on Monday #PLTRgang 🤜🤛👊✊ $PLTR (+0,69 %)

Uber is working with Google's Waymo (Alphabet) and wants to offer robotaxis for a surcharge 🚗🤖 $UBER (+0,76 %)
$GOOGL (-5,23 %)
$GOOG (-4,95 %)

After the ECB and FED, China has also turned on the money printer *brrr brrr*, plus a big economic stimulus program, China stocks therefore have their best week in 10 years, car and luxury stocks with Chinese business are therefore rising 🖨🇨🇳 $MC (-1,36 %)
$P911 (-2,39 %)
$BMW (-1,54 %)
$MBG (-0,53 %)

AMD CEO and Nvidia CEO confirm continued high demand for AI chips 🧠🤖, Nvidia CEO does not want to sell any more of his own shares for the time being. $AMD (+0,64 %)
$NVDA (+1,51 %)

Upcoming Playstation 6 with AMD chip again, but AMD will leave the high-end graphics card market for PC gamers and try to scale more strongly in the mid and lower segments. Nvidia would then have a monopoly 🎮 $SONY (-0,27 %)
$6758 (-0,58 %)

Super Micro suspected of accounting fraud. US justice is apparently already investigating according to an insider, -62% share price in three months 🔍👮 $SMCI

AI needs a lot of electricity and nuclear power plants are being reactivated in the USA. In Germany, it's the other way around due to the world's stupidest energy policy. US electricity provider shares, uranium mines - shares and ETFs are rising. ⚛️⚡️ (see podcast episode 57 "Buy High. Sell Low." pinned to my profile at the top) $URNM
$URA (+4,15 %)
$UEC (+3,28 %)

Micron with good quarterly figures and +13% share price, semiconductor stocks rally 💻📈 $MU (+5 %)

Costco - quarterly figures mixed, EPS exceeds estimates but sales worse than expected, share price falls slightly 🛒 $COST (+3,43 %)

McDonald's increases quarterly dividend by 6% to 1.77$. Since the first dividend payment in 1976, the payout has been increased 48 years in a row. 🍟🍔 $MCD (-0,18 %)

Investigation initiated against Visa 💳 and SAP 💻 in the USA for illegal price fixing $V (+1,31 %)
$SAP (+0,95 %)

Oil price falls again, Shell & Co. on the way to 1-year low 🛢⛽️ $SHEL (+1,41 %)
$GB00B03MM408
$RDS.A

Meta releases VR glasses Quest 3s for €330 from 15.10.24 📱👓

Intel launches AI accelerator "Gaudi 3" as an alternative to Nvidia's H100. IBM, Google & Dell as first customers. 🧠 $INTC (+2,41 %)

US debt level climbs above 35 trillion dollars for the first time 🖨💵

Ubisoft share price collapses due to postponement of "Assassin's Creed: Shadows", -70% 1-year performance 🎮📉 $UBI (-3,19 %)

DHL raises outlook / growth forecast until 2030 and increases letter postage by 10.5% in Germany from 2025 📦✉️📯 $DHL (-0,87 %)

BASF struggles with high energy prices and weak demand, threat of plant closure and dividend cut 🇩🇪📉 $BAS (-1,23 %)

Adidas (+28%) significantly better than Nike (-18%) since the beginning of the year ⚽️🏀👟 $ADS (-1,54 %)
$NKE (+3,29 %)

Takeover poker at Commerzbank by Ital. Unicredit continues 🏦🇮🇹🇩🇪 $CBK (-1,01 %)
$UCG (-0,22 %)

Jefferies issued a buy recommendation for BioNTech and sees the antibody BNT327 against cancer as a potential massive sales driver. 👨‍⚕️⚕️💊 $DE000A0V9BC4

Mutares -14% because shortseller Gotham City raises serious allegations against the SDAX member: Ponzi scheme, false accounting and circular business model 🔍👮 $MUX (-1,97 %)

>> If you want to read a review like this every week, leave a like & subscribe. What important news have I forgotten? 👍❤️

What do you do with shares/companies that you have sold?

We sell our shares for various reasons:

• The investment case no longer works out
• We need the money for a purchase, move, wedding, etc.
• Buy other shares
• Extract profit
• Reduce loss

&many more...

But what happens to shares that you have sold? Do the shares disappear from your field of vision or do they end up on your watchlist?

Adidas $ADS (-1,54 %) ,Reality Income $O (+1,58 %) and American Tower$AMT.

Three of many stocks that I have sold in recent months/years and now find exciting again.

I often sell a stock because I want to buy another stock or because my investment case is in danger or is no longer working out.

I then sell the share - but I leave the share out of consideration for the time being. I then no longer follow the share price or look at valuations, quarterly results, etc. I don't want to do anything more with the share.

I want to have virtually nothing more to do with the share😂🫢

How is it with you?

01.08.2024 + Vonovia with fewer losses + Interest rate cut in September not certain + Meta and Qualcomm with good figures + Mastercard increases profit significantly + Adidas with better margin

Meta
$META (-0,47 %) second quarter earnings per share of $5.16 beat analysts' estimates of $4.70. Revenue of $39.07bn above expectations of $38.26bn. Meta sees third quarter revenue of $38.5-41.0bn (consensus $39.10bn).

Qualcomm
$QCOM (+1,7 %) Q3 EPS of $2.33 beats analyst estimates of $2.25. Revenue of $9.39 billion beats expectations of $9.21 billion. Qualcomm sees Q4 EPS of $2.45-2.65 (consensus $2.45) and revenue of $9.5-10.3 billion (consensus $9.69 billion).

Germany's largest residential real estate group Vonovia $VNA (-0,83 %) made another loss in the first half of the year. However, this was significantly lower than a year ago. "We are seeing higher volumes of real estate transactions again in the second quarter and the expected bottoming out of our real estate values," said CEO Rolf Buch in a statement on Thursday. Vonovia's business is receiving a tailwind. This makes the management optimistic about the year as a whole.

Mastercard $MA (+1,13 %) posted higher sales and earnings in the second quarter as consumers continued to spend heavily and business with more expensive services continued to grow. The credit card company reported a profit of 3.26 billion dollars or 3.50 dollars per share compared to 2.85 billion dollars or 3 dollars per share in the same quarter last year. Adjusted for one-time items, adjusted earnings were 3.59 dollars per share. Analysts polled by Factset had expected 3.51 dollars per share. Sales rose from 6.27 billion dollars in the same quarter of the previous year to 6.96 billion dollars, exceeding the analysts' consensus of 6.85 billion dollars.

As most expected, the Federal Reserve left its key interest rate unchanged. However, the central bankers made two important changes to their monetary policy statement, recognizing the recent progress in the fight against inflation, but without explicitly committing to a rate cut. During the press conference following the decision, Fed Chairman Jerome Powell said that a rate cut could be "on the table" as early as the next meeting in September. As the development of the labor market is an important factor for the Fed's future monetary policy course, investors are now waiting for the US labor market report for July on Friday. If there is a further slowdown here, this would further increase expectations of a rate cut in September, it is said.

Adidas
$ADS (-1,54 %) also significantly increased its bottom-line profit and improved its operating margin in the second quarter, according to the detailed results. The Herzogenaurach-based sporting goods manufacturer sees itself on track for the sales and profit forecast for the full year, which was raised for the second time in mid-July. In the second quarter, Adidas improved its operating profit margin (EBIT margin) to 5.9 percent from 3.3 percent in the previous year. Pre-tax profit amounted to 304 million euros after 123 million. After taxes, profit from continuing operations amounted to 211 million euros compared to a profit of 96 million in the previous year. Earnings per share amounted to 1.09 euros after 0.48 euros. After taxes and third parties, profit totaled 190 million euros (previous year: 84 million euros). The final figures for sales, operating profit (EBIT) and gross margin were in line with the preliminary ones. Adidas still aims to achieve an operating profit of 1 billion euros for the year as a whole, with currency-adjusted sales growth in the high single-digit percentage range compared to the previous year. In the second quarter, Yeezy contributed 200 million euros to sales, compared to 150 million in the first quarter.

More quarterly figures on German and EU companies from this morning can be found here: https://getqu.in/JVjjI6/

Thursday: stock market dates, economic data, quarterly figures

Swiss stock exchange holiday

ex-dividend of individual stocks

Reckitt Benckiser 0.80

GBP Relx 0.18 GBP

Quarterly figures / company dates USA / Asia

13:00 Conocophillips quarterly figures

13:30 Intercontinental Exchange quarterly figures

22:02 Intel | Amazon | Booking Holdings | Snap quarterly figures

22:30 Apple quarterly figures

No time specified: Air Products and Chemicals | The Mosaic | Moderna | Cummins | Hershey | Biogen Quarterly figures

Quarterly figures / Company dates Europe

06:30 Societe Generale | Toyota quarterly figures

07:00 Daimler Truck | DHL Group | Evonik | Merck Quarterly figures

07:00 Vonovia | Arcelormittal | ING Groep | Heidelberger Druck quarterly figures

07:00 Klöckner & Co | Credit Agricole | Elmos | Anheuser-Busch quarterly figures

07:30 BMW | Hugo Boss | Symrise | Volkswagen | Koenig & Bauer quarterly figures

08:00 MTU Aero | Barclays | Shell | Haleon | London Stock Exchange quarterly figures

08:00 Rolls-Royce quarterly figures

10:00 Qiagen Conferences 2Q

14:00 Ferrari quarterly figures

17:50 Pirelli half-year figures

Economic data

• 09:45 IT: Purchasing Managers' Index/PMI Manufacturing July PROGNOSIS: 46.0 previous: 45.7
• 09:50 FR: Purchasing Managers' Index/PMI Manufacturing (2nd release) July FORECAST: 44.1 1st release: 44.1 Previous: 45.3
• 09:55 DE: Purchasing Managers' Index/PMI Manufacturing (2nd release) July FORECAST: 42.6 1st release: 42.6 previous: 43.5
• 10:00 EU: Purchasing Managers' Index/PMI manufacturing Eurozone (2nd release) July FORECAST: 45.6 1st release: 45.6 Previous: 45.8
• 10:30 UK: Purchasing Managers' Index/PMI Manufacturing (2nd release) July OUTLOOK: 51.8 1st release: 51.8 previous: 50.9
• 11:00 EU: Labor Market Data June Eurozone Unemployment Rate FORECAST: 6.4% PREVIOUS: 6.4%
• 13:00 UK: BoE, outcome and minutes of the Monetary Policy Council meeting and Monetary Policy Report Bank Rate PROGNOSE: 5.00% previously: 5.25%
• 14:30 US: Productivity ex Agriculture (1st release) 2Q annualized PROGNOSE: +1.8% yoy Q1: +0.2% yoy Unit labor costs PROGNOSE: +1.7% yoy Q1: +4.0% yoy
• 15:45 US: Purchasing Managers' Index/PMI manufacturing (2nd release) July FORECAST: 49.5 1st release: 49.5 previous: 51.6
• 16:00 US: Construction Spending June FORECAST: +0.2% yoy previous: -0.1% yoy
• 16:00 US: ISM Manufacturing Index July PROGNOSIS:
  48.9 points previous: 48.5 points