Commerzbank

I just found it on my old iPhone 4 😅

At the time, there were many issues that led to this loss. Debt crisis in the EU, takeover of Dresdner Bank in 2008... and much more.

The combination of internal problems and external crises meant that the stock was one of the worst performers in the DAX at times and lost a lot of value.

$CBK (-1,01 %)
#historie

⬆️⬆️⬆️

- DEUTSCHE BANK RESEARCH raises its price target for BMW from EUR 90 to EUR 95. Buy. $DBK (+0,74 %)

- BERNSTEIN raises the price target for QUALCOMM from USD 200 to USD 215. Outperform. $QCOM (+1,7 %)

- UBS raises the price target for LYFT from USD 13 to USD 18. Neutral. $LYFT (-2,14 %)

- BARCLAYS raises the price target for SIEMENS HEALTH from EUR 60.50 to EUR 62.50. Overweight. $SHL (-0,87 %)

- WARBURG RESEARCH raises the price target for KONTRON from EUR 28 to EUR 28.40. Buy. $KTN (-1,71 %)

- UBS upgrades KINGSPAN GROUP from Neutral to Buy. Target price 90 EUR. $KRX (+1,52 %)

- WARBURG RESEARCH raises the price target for ZEAL NETWORK from EUR 59 to EUR 64. Buy. $TIMA (-0,58 %)

- GOLDMAN raises the price target for VONOVIA from EUR 42.70 to EUR 43.70. Buy. $VNA (-0,83 %)

- BARCLAYS raises the price target for AHOLD DELHAIZE from EUR 30 to EUR 31. Equal-Weight. $AD (-1,04 %)

- BARCLAYS raises the target price for FMC from EUR 38.50 to EUR 39. Equal-Weight. $FMC (+2,34 %)

- JPMORGAN raises the target price for COMMERZBANK from EUR 18 to EUR 18.40. Overweight. $CBK (-1,01 %)

- JPMORGAN raises the target price for PUMA SE from EUR 40 to EUR 44. Neutral. $PUM (-2,77 %)

- JPMORGAN raises the target price for JUST EAT TAKEAWAY from GBP 13.96 to GBP 14.15. Overweight. $TKWY (+0,18 %)

⬇️⬇️⬇️

- JEFFERIES downgrades PALANTIR from Hold to Underperform. Target price USD 28. $PLTR (+0,69 %)

- DEUTSCHE BANK RESEARCH lowers the price target for NOVO NORDISK from DKK 1100 to DKK 1000. Buy. $NOVO B (-2,54 %)

- RBC lowers the price target for NIKE from 82 USD to 80 USD. Sector Perform. $NKE (+3,29 %)

- ODDO BHF downgrades ASM INTERNATIONAL to Outperform. Target price EUR 960. $ASM (+1,39 %)

- KEPLER CHEUVREUX downgrades HENSOLDT from Buy to Hold. Target price EUR 34. $HAG (+1,93 %)

- DEUTSCHE BANK RESEARCH lowers the price target for ZALANDO from EUR 40 to EUR 36. Buy. $ZAL (+0,47 %)

- DEUTSCHE BANK RESEARCH lowers the price target for VESTAS from DKK 165 to DKK 150. Hold. $VWS (-1,6 %)

- BOFA downgrades SIEMENS ENERGY from Buy to Neutral. Target price EUR 40. $ENR (+3,25 %)

- METZLER lowers the price target for VONOVIA from EUR 28.50 to EUR 28. Sell. $VNA (-0,83 %)

- BARCLAYS lowers the price target for TEAMVIEWER from EUR 18 to EUR 15.50. Overweight. $TMV (-1,8 %)

- 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 (-0,17 %)

- WARBURG downgrades EDAG ENGINEERING from Buy to Hold and lowers target price from EUR 13 to EUR 9.50. $ED4 (-0,52 %)

- 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 (+0,21 %)

- BERENBERG lowers the price target for KRONES from EUR 157 to EUR 154. Buy. $KRN (+1,76 %)

Analyst updates, 05.11.

⬆️⬆️⬆️

- ODDO BHF raises the price target for BIONTECH from USD 110 to USD 130. Outperform. $BNTX (+6,37 %)

- BARCLAYS raises the price target for AIRBUS from EUR 161 to EUR 165. Overweight. $AIR (+0,93 %)

- CITIGROUP raises the price target for SCOUT24 from EUR 91 to EUR 94.50. Buy. $G24 (-0,06 %)

- WARBURG RESEARCH raises the price target for REDCARE PHARMACY from EUR 174 to EUR 176. Buy. $RDC (-3,11 %)

- DEUTSCHE BANK RESEARCH raises the price target for RYANAIR from EUR 17 to EUR 17.50. Hold. $RYA (-0,89 %)

- BERNSTEIN rates EBAY from Market-Perform to Outperform. Target price USD 70. $EBAY (+1,18 %)

- ODDO BHF raises the price target for SALZGITTER from EUR 14 to EUR 15.50. Underperform. $SZG (-1,9 %)

- BARCLAYS raises the target price for COMMERZBANK from EUR 16 to EUR 17. Equal-Weight. $CBK (-1,01 %)

- BARCLAYS raises the target price for MTU from EUR 295 to EUR 340. Equal-Weight. $MTX (+1,36 %)

- MORGAN STANLEY rates LUFTHANSA to Equal-Weight. Target price EUR 7. $LHA (-1,42 %)

- BERENBERG raises the price target for DEUTSCHE KONSUM REIT from EUR 3.50 to EUR 5. Hold.

⬇️⬇️⬇️

- GOLDMAN lowers the price target for MERCEDES-BENZ from EUR 65 to EUR 63. Buy. $MBG (-0,53 %)

- UBS lowers target price for 1&1 from EUR 21.60 to EUR 21. Buy.

- WARBURG RESEARCH lowers the price target for GFT TECHNOLOGIES from EUR 40 to EUR 37.50. Buy. $GFT (-0,91 %)

- HAUCK AUFHÄUSER IB lowers the price target for ECKERT & ZIEGLER from EUR 63.50 to EUR 55. Buy. $EUZ (-1,61 %)

- BARCLAYS lowers the price target for BNP PARIBAS from EUR 90 to EUR 85. Overweight. $BNP (-0,09 %)

- BERENBERG downgrades SCHNEIDER ELECTRIC from Buy to Hold and lowers price target from EUR 261 to EUR 255. $SU (+0,97 %)

- BERENBERG lowers the price target for BEFESA from EUR 41 to EUR 31. Buy. $BFSA (-2,52 %)

Podcast episode 60 "Buy High. Sell Low."

Banker interview part 2, job application, life, personal & private matters. Subscribe to the podcast, because part 3 is coming soon!

Spotify

https://open.spotify.com/episode/67iGQ3lcRqhxsQSXgsdHdY?si=pl4NBip0SK2HevoroljtQA

YouTube

https://youtu.be/_T1XtsyfKx4

Apple Podcast

https://podcasts.apple.com/us/podcast/folge-60-b%C3%A4nker-interview-teil-2-bewerbung-leben-pers%C3%B6nliches/id1695869891?i=1000673078238

$DBK (+0,74 %)
$CBK (-1,01 %)
$BNP (-0,09 %)
$HSBC (+0 %)
$HSBA (+0,37 %)
$GLE (+0,07 %)
$ACA (-0,08 %)
$FUT
$MS (+2,75 %)
$GS (+2,89 %)
$C (+1,62 %)
$WFC (+2,42 %)
$SAN (+0,23 %)
$BAC (+1,49 %)
$USB (+1,91 %)
$RBC (+0,98 %)$NUBR33$BNS (+0,92 %)$PBB (-0,44 %)
#podcast
$SPOT (+0,9 %)
$AAPL (+0,52 %)
$GOOGL (-5,23 %)
$GOOG (-4,95 %)
#bank
#banken
#karriere
#geld
#job

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 (-0,14 %)

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? 👍❤️

27.09.2024

Micron with strong share price gains after figures + Ceconomy share price jumps after buy vote + Commerzbank courted + Evotec and Mutares with news

Micron $MU (+5 %) reported brisk demand for chips for AI applications and forecast higher profits for the current quarter than the market had expected. "In times of real growth fears, positive company assessments of future profits are welcome news and can easily push share prices higher," says Jan von Gerich, chief analyst at Nordea. The shares of other chip manufacturers are also recording price gains. Nvidia and AMD are up 1.9 percent each. Broadcom gained 1.5 percent and Intel 2.6 percent. Some tailwind is also likely to come from Asia. Following the latest economic stimulus measures by the Chinese central bank, further support measures for the weakening economy of the second-largest national economy are to come from the Chinese government. This caused prices to rise sharply on the stock exchanges in China.

Following a new buy recommendation Ceconomy $CEC (-0,77 %) jumped in price on Thursday. With a recent gain of 14.3 percent to 3.24 euros, the electronics retailer secured first place in the small cap index SDax - ahead of the biofuel producer Verbio . Ceconomy shares have now also broken above the 100-day moving average, which is an indicator of the medium to long-term trend. They had already broken above the other trend lines days ago in view of the recent gains. The share price correction since June, when the shares reached their highest level since spring 2022 at EUR 3.39, has thus been virtually ironed out. Since the beginning of the year, the shares have gained a whopping 31%, which also puts them at the top of the index for this period.

For the shares of Commerzbank $CBK (-1,01 %) went up by 6.9 percent. There were two reasons for this. Firstly, it intends to increase its return on equity more than previously planned in the coming years. The return on equity is set to rise to over 12 percent in 2027. Previously, the bank had forecast more than 11 percent. It also wants to distribute more money to its shareholders. In addition, a first meeting between the Frankfurt-based bank and Unicredit will take place tomorrow following the latter's share purchase. It is possible that a second acquirer will enter the ring, in which case things could get expensive.

Evotec $EVT (-0,03 %) rose by 3.5 percent with the announcement of a technology partnership with the pharmaceutical giant Novo Nordisk. Also in the SDAX Mutares $MUX (-1,97 %) fell by a further 14 percent. In trading, reference was made to a report by short-seller Gotham City Research. The report mentions inconsistencies in Mutares' balance sheet. According to the report, Gotham City has built up a position together with partners that is betting on a falling Mutares share price. The share price recovered significantly in the afternoon after Mutares rejected the allegations made by the short seller as misleading.

Friday: Stock market dates, economic data, quarterly figures

ex-dividend of individual stocks

British American Tobacco USD 0.74

Quarterly figures / company dates Europe

08:30 BASF Capital Market Day Day 2

08:30 Baywa quarterly figures + analyst conference

10:30 Baywa PK

11:00 Borussia Dortmund detailed annual results

Untimed: Commerzbank first meeting with Unicredit SpA after share purchase | Vossloh Capital Markets Day - Innotrans

Economic data

• 08:45 FR: Private consumption August FORECAST: n/a previous: +0.3% yoy/-0.6% yoy
• 08:45 FR: Consumer prices (preliminary) September FORECAST: N/A yoy/+1.6% yoy Previous: +0.5% yoy/+1.8% yoy HICP FORECAST: N/A yoy/+1.9% yoy Previous: +0.6% yoy/+2.2% yoy
• 09:00 ES: HICP and consumer prices (preliminary) September HICP FORECAST: +2.0% yoy previously: +2.4% yoy
• 09:55 DE: Labor market data September seasonally adjusted unemployment rate PROGNOSE: +15,000 yoy previously: +2,000 yoy Unemployment rate seasonally adjusted PROGNOSE: 6.0% previously: 6.0%
• 11:00 EU: Economic Sentiment Index September Eurozone Economic Sentiment Forecast: 96.5 Previous: 96.6 Industrial confidence Eurozone Forecast: -10.3 Previous: -9.7 Consumer confidence Eurozone Forecast: n.a. flash estimate: -12.9 previous: -13.5 | Eurozone Business Climate Index September
• 14:30 US: Personal Spending and Income August Personal Spending PROGNOSE: +0.3% yoy previous: +0.5% yoy Personal Income PROGNOSE: +0.4% yoy previous: +0.3% yoy PCE Price Index / Core Rate PROGNOSE: +0.2% yoy/+2.7% yoy previous: +0.2% yoy/+2.6% yoy
• 16:00 US: Consumer Sentiment Index Uni Michigan (2nd survey) September FORECAST: 69.3 1st survey: 69.0 previous: 68.4

$CBK (-1,01 %) starts trading with $BTC (-0,14 %) and $ETH (-1,59 %) !

Commerzbank is now offering institutional investors trading and custody of Bitcoin and Ether in cooperation with Deutsche Börse subsidiary Crypto Finance.

The offer is aimed primarily at pension funds, insurers, asset managers and family offices.

Crypto Finance CEO Stijn Vander Straeten also predicts that the price of Bitcoin will soon rise to over 100,000 dollars🚀

https://www.handelsblatt.com/finanzen/banken-versicherungen/bitcoin-und-ether-commerzbank-bietet-profi-investoren-ab-sofort-krypto-an/100066813.html

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/98gSyf4ik54?si=lSB_tDY1ht0EYRQS

Monday:

Food prices are rising in China 🇨🇳 and thus increasing inflation. In the first few years after coronavirus, China even had problems with deflation. Even now, inflation is only 0.6%.

https://www.handelsblatt.com/finanzen/geldpolitik/inflation-anstieg-von-chinas-verbraucherpreisen-beschleunigt-sich/100067517.html

Tuesday:

Despite all the crises, more dividends will still be paid out in 2024. 92% of all companies worldwide are likely to increase their dividends. Overall, dividends paid out are likely to rise by 5% to 1.74 trillion US dollars worldwide. The 20 largest dividend payers worldwide in the second quarter include many German 🇩🇪Unternehmen $MBG (-0,53 %) Mercedes (USD 6.1 billion),$ALV (+1,84 %) Allianz (USD 5.8 billion), Deutsche Telekom (USD $DTE (+0,38 %) Deutsche Telekom (USD 4.1 billion) and $BMW (-1,54 %) BMW (USD 3.9 billion). The largest payout was made by $HSBA (+0,37 %) HSBC (USD 11.7 billion). This is followed by the Swiss 🇨🇭Konzern $NESN (-0,15 %) Nestlé (USD 8.7 billion).

https://www.handelsblatt.com/finanzen/anlagestrategie/aktien-das-sind-die-weltweit-groessten-dividendenzahler/100066172.html

The two tech companies $AAPL (+0,52 %) Apple and $GOOGL (-5,23 %) Alphabet must pay billions to the EU. Apple has now suffered a final defeat before the ECJ due to alleged state aid by Ireland. Apple now has to pay 13 billion euros in back taxes plus interest.

Alphabet also lost in court and has to pay a fine of 2.4 billion euros. The reason is that Alphabet probably favored its own price comparison service in search engine advertising.

https://www.handelsblatt.com/technik/it-internet/eugh-urteil-apple-muss-milliarden-an-steuern-zurueckzahlen/100067907.html

https://www.handelsblatt.com/technik/it-internet/eugh-urteil-europaeischer-gerichtshof-bestaetigt-milliardenstrafe-fuer-google/100067884.html

$BMW (-1,54 %) BMW cuts its targets and recalls 1.5 million cars. The main reason is probably faulty parts from suppliers. BMW is therefore focusing more on monitoring and training suppliers. Instead of 8 - 10 % profit margin, the target is now 6 - 7 %.

https://www.handelsblatt.com/unternehmen/industrie/bmw-autobauer-ruft-bis-zu-15-millionen-autos-zurueck-und-kassiert-gewinnziel/100067982.html

$VOW (-1,62 %) VW unilaterally cancels the job guarantee. The termination letters for six collective agreements were handed over to IG-Metall Lower Saxony and Saxony-Anhalt today. Dismissals for operational reasons are possible from July 1, 2025. Previously, job guarantees were in place until 2029, with VW justifying the end with excessively high costs in Germany, which are no longer competitive.

https://www.bild.de/politik/inland/vw-streicht-job-garantie-zum-ende-des-jahres-neue-details-zum-sparhammer-66e0551cd007b74a58276877

Wednesday:

Heated debate between Trump and Harris. Trump is directly convicted several times by the moderators with false statements. Immediately after the debate, Taylor Swift also speaks out in favor of Harris.

https://www.handelsblatt.com/politik/international/tv-duell-vor-us-wahl-donald-trump-und-kamala-harris-liefern-sich-eine-hitzige-debatte/100068156.html

Major insider purchase at $HFG (-5,04 %) Hellofresh, CEO Dominik Richter buys shares for more than 10 million euros.

https://www.boerse.de/nachrichten/EQS-DD-HelloFresh-SE-DSR-Ventures-GmbH-Kauf/36459409

There are many indications of an attempted takeover of $CBK (-1,01 %) Commerzbank by $UCG (-0,22 %) Unicredit buys directly from the German state for more than 700 million euros.

https://www.handelsblatt.com/finanzen/banken-versicherungen/banken/banken-unicredit-steigt-bei-der-commerzbank-ein/100068216.html

Inflation in the USA falls to 2.5% shortly before the Fed meeting and is thus approaching the 2.0% target. Experts had only expected a fall to 2.6%. Core inflation (excluding food and energy) remained at 3.2%. This should make it clear that the Fed is lowering interest rates. However, the amount of the cut is still unclear.

https://www.manager-magazin.de/finanzen/us-inflation-flaut-vor-zinswende-der-federal-reserve-ab-a-06c3e4b5-6579-43f5-917d-f860239c69ca

Thursday:

The ECB cuts the key interest rate by 25 basis points, which is in line with expectations. As a result, there has hardly been any impact on the stock market so far.

https://www.spiegel.de/wirtschaft/europaeische-zentralbank-ezb-senkt-leitzins-auf-3-50-prozent-a-3fcb19ed-950f-413c-b21f-d7c25a36f31d

Producer prices in the US have risen slightly more than expected. However, the previous month's data was revised downwards slightly. Compared to the same month last year, producer prices rose by 1.7%. Producer prices are a leading indicator for the inflation rate in around 3 months' time.

https://www.ariva.de/news/usa-anstieg-der-erzeugerpreise-schwcht-sich-ab-11369313

Friday:

More and more market participants are expecting a large rate cut of 50 basis points at the Fed decision next week. In the meantime, 47% of interest rate traders believe a rate cut of half a percentage point is likely. If this is indeed the case, there is further upside potential for the markets. On the other hand, if this does not happen, there could be a major sell-off. This decision is therefore likely to move the markets in any case.

https://www.handelsblatt.com/finanzen/anlagestrategie/trends/zinswende-steigende-wetten-auf-grossen-fed-zinsschritt-bewegen-die-maerkte/100068927.html

Most important dates in the coming week:

Tuesday: 11:00 ZEW Economic Sentiment (DE)

Wednesday: 20:00 Fed interest rate decision (USA)

Thursday: 13:00 BoE interest rate decision (UK)