Snowflake

22.11.2024

Snowflake rises up to 25% + Bitcoin almost at $100,000 + Rotation in MDax + Carl Zeiss Meditec falls to low since 2018 + Berenberg rates CTS Eventim a 'Buy' - target 100 euros

The Snowflake $SNOW (-0,13 %) shares rose 25% after the data analytics provider raised its full-year product revenue guidance and announced that it has partnered with AI company Anthropic to expand its cloud services.

The Bitcoin $BTC (+1,41 %) reached just under $100,000 overnight and currently stands at $99,000.

What do you think, will Bitcoin reach $100,000 in November, or even today?

The US bank JPMorgan expects only a few changes for the next index review by Deutsche Börse at the beginning of December. While everything should remain the same in the leading Dax index, analyst Pankaj Gupta expects a swap in the mid-cap index below it, the MDax, where, according to him, industrial recycler Befesa will probably make way for drug researcher Evotec $EVT (+0,96 %) will have to give way. Befesa $BFSA (-0,58 %) would be relegated to the SDax, the index of smaller stocks. In the TecDax, Gupta expects that SMA Solar $S92 (-0,6 %) will make way for the internet service provider Ionos $IOS (+0,22 %) Deutsche Börse will review the indices of the Dax family (Dax, MDax, SDax and TecDax) on Wednesday, December 4, and announce any changes after the close of trading in the US. The changes will come into effect on Monday, December 23.

The downturn in the share price of Carl Zeiss Meditec $AFX (+0,37 %) continued on Thursday with a new six-year low. The trend at the medical technology manufacturer has been pointing downwards since 2021, and this trend has intensified in the current year since March. At that time, the shares were still trading above 123 euros. On Thursday, the drop of over four percent pushed them down to 54.45 euros. This marks the lowest level since April 2018. With brief exceptions in August and late October and early September, the shares have been trading below the 200-day line, which is a popular long-term indicator for chart-oriented investors, for months. Jack Reynolds-Clark from RBC Research did not paint a good picture for the company at the beginning of November, downgrading it to "Sector Perform" due to uncertain demand in the various end markets. He emphasized that the consensus for 2025 depicts a rather optimistic scenario that is difficult to justify.

The private bank Berenberg has raised its rating for CTS Eventim $EVD (+1,25 %) to "Buy" with a target price of 100 euros. The event organizer presented mixed quarterly figures, wrote analyst Gerhard Orgonas on Thursday evening. He cut his earnings estimates until 2026, taking into account integration costs and a slightly lower ticketing margin.

• CTS Eventim increased its consolidated revenue by 15.8 percent to EUR 2.027 billion in the first nine months of 2024. Adjusted EBITDA grows by 12.1 percent to EUR 322.7 million in the same period. The company's management is sticking to its forecast and expects a significantly higher Adjusted EBITDA for the full year compared to the previous year.
• CTS Eventim records a 22.9 percent increase in revenue to EUR 564.6 million in the Ticketing segment and a 13.6 percent increase to EUR 1.494 billion in the Live Entertainment segment. The company is also awarded the contract for the construction and operation of a new large arena by Wien Holding.

Friday: Stock market dates, economic data, quarterly figures

ex-dividend of individual stocks

Schloss Wachenheim EUR 0.60

Cummins Inc. USD 1.82

CRH 0.35 GBP

Quarterly figures / company dates Europe

No time specified: Vinci Investor Day | Unilever Capital Markets Day

Economic data

• 08:00 DE: GDP (2nd release) 3Q calendar and seasonally adjusted yoy FORECAST: +0.2% yoy 1st release: +0.2% yoy 2nd quarter: -0.3% yoy calendar-adjusted yoy FORECAST: -0.2% yoy 1st release: -0.2% yoy 2nd quarter: -0.3% yoy
• 09:15 FR: Purchasing Managers' Index/PMI non-manufacturing (1st release) November FORECAST: 49.0 PREV: 49.2 Total Purchasing Managers' Index (1st release) FORECAST: 48.1 PREV: 48.1
• 09:15 FR: Purchasing Managers' Index/PMI manufacturing (1st release) November FORECAST: 44.0 PREVIOUS: 44.5
• 09:30 DE: Purchasing Managers' Index/PMI non-manufacturing (1st release) November PROGNOSE: 51.8 PREVIOUS: 51.6 Total Purchasing Managers' Index (1st release) PROGNOSE: 48.3 PREVIOUS: 48.6
• 09:30 DE: Purchasing Managers' Index/PMI manufacturing (1st release) November FORECAST: 43.0 PREVIOUS: 43.0
• 10:00 EU: Purchasing Managers' Index/PMI non-manufacturing Eurozone (1st release) November FORECAST: 51.5 previously: 51.6
• 10:00 EU: Purchasing Managers' Index/PMI manufacturing Eurozone (1st release) November PROGNOSE: 46.0 PREVIOUS: 46.0 Total Purchasing Managers' Index (1st release) PROGNOSE: 49.8 PREVIOUS: 50.0
• 10:30 UK: Purchasing Managers' Index/PMI non-manufacturing (1st release) November FORECAST: 52.0 PREVIOUS: 52.0
• 10:30 UK: Purchasing Managers' Index/PMI Manufacturing (1st release) November FORECAST: 50.0 PREVIOUS: 49.9
• 15:45 US: Purchasing Managers' Index/PMI Services (1st release) November FORECAST: 55.0 PREVIOUS: 55.0
• 15:45 US: Purchasing Managers' Index/PMI Manufacturing (1st release) November FORECAST: 48.8 PREVIOUS: 48.5
• 16:00 US: Consumer Sentiment Index Uni Michigan (2nd survey) November FORECAST: 73.5 1st survey: 73.0 previous: 70.5

Unfortunately too little invested. :-)

New position in the portfolio.

After the strong rise yesterday, I see a breakout to higher prices.

The figures were also good and the analysts are also positive.

I think Snowflake still has plenty of upside potential.

Let's see what happens. 📈

Snowflake $SNOW (-0,13 %) has signed a significant deal with Anthropic a leading company in the field of artificial intelligence. The partnership aims to integrate generative AI technologies into Snowflake's cloud data platform. This will enable customers to perform AI-powered analytics and efficiently use their data for advanced modeling. This collaboration strengthens Snowflake's position in the growing market for AI data solutions.

Further details can be found in the article on Reuters.

The news is based on what I personally consider to be reputable sources. However, I do not guarantee their accuracy. No investment advice. Follow me for further updates!

Snowflake
$SNOW (-0,13 %) has just announced its quarterly figures.

The earnings per share (EPS) is $0,20 and exceeds expectations of $0,15.

The sales amounted to $942,0 million and is also above expectations of $898,5 million.

Earnings next week | all eyes on $NVDA (-0,01 %) 👀

$NVDA (-0,01 %)

$SNOW (-0,13 %)

$WMT (+0,15 %)

$PANW (+0,04 %)

$NIO (-2 %)

$SYM

$TGT (+0,28 %)

$ZIM (+0,83 %)

$TCOM (-1,37 %)

$WKHS

$LOW (+0,5 %)

$BTBT

$POWL (+0,47 %)

$BIDU (-3,53 %)

$PDD (-2,4 %)

$XPEV (-5,32 %)

$TJX (-0,26 %)

$JACK (+0,44 %)

$WIX (+0,19 %)

$BTDR

$DE (+0,07 %)

$MDT (+0,18 %)

$AZEK (+0 %)

$BRBR (+0 %)

$CPA (-0,28 %)

$EH

$ROST (-0,13 %)

$DY (+0,29 %)

$ESTC (+6,29 %)

$GPS (+1,78 %)

$INTU (+0,11 %)

$BRC (+0 %)

$TUYA (+17,92 %)

$TWST (-1,13 %)

$SQM (+0,4 %)

$KEYS (+0,72 %)

$BJ

$FUTU (-4 %)

$VIPS (-0,39 %)

$VIK

$ZTO (-0,53 %)

$MMS

$MOND (+1,33 %)

$ATAT

$ACM

$ALLT (+0,72 %)

$WSM (+0,12 %)

$LZB (+0,24 %)

$MYTE

$J (+0,39 %)

Further trading profits from put KOs on $SNOW (-0,13 %) and $CAT (+0,13 %) reinvested.

$COST (+0,23 %) is always too expensive anyway, so what solls🤷‍♂️

30% of Snow's profits remain in the bill, as the figures are due next week and 3 of the last 4 quarterly figures each resulted in a massive sell-off.

Another depot update. Values are not quite correct but the reference value is. The crypto values are completely wrong but I have no idea where the entry price is (made kind of annoying at Coinbase). The best positions at the moment are $SOFI (+1,29 %)
$FTNT (-0,48 %)
$D05 (-0,53 %) . The interesting values for me are $BNTX (-1,21 %)
$FYB (+0,64 %)
$SNOW (-0,13 %)