Hornbach Holding

DE0006083405

HBH

HBH

Economy on 22.05.2024...

Markets take a breath near the ATH. A lot going on today. Paypal AGM, Nvidia figures and so on... ⤵️

There has been a lot going on in the last few weeks. Nevertheless, trading went very well and I still have a few positions open.

I'll take a long look at Hugo Boss after the figures and the co-op with David Beckham.

I have gone long on some solar stocks and I am still working on a turnaround $VNA (-2,92 %) Vonovia, $PYPL (+5,3 %) Paypal and $PAH3 (-0,1 %) Porsche.

Closed trades of the last weeks are:

$BAYN (+3,44 %) Bayer, $ADE (+2,17 %) Bitcoin Group, $JNJ (-1,21 %) Johnson & Johnson, $FME (-1,04 %) Fresenius Medical Care and $AFX (+0,38 %) Carl Zeiss

My savings plans on the ETFs are continuing and otherwise I am building up a lot of cash in order to be able to participate in one or two setbacks

Cryptos have also started well again, especially Ethereum, after the chances of an ETH ETF being approved rose to 75%.

Let's take a look at today's trading day and the dates. There are a few general meetings that are interesting. Paypal, McDonalds and so on, among others. See for yourself:

Singapore stock market holiday

Economic data

08:00

• UK: Consumer prices April PROGNOSE: +0.2% yoy/+2.1% yoy previous: +0.6% yoy/+3.2% yoy Core PROGNOSE: +0.7% yoy/+3.6% yoy previous: +0.6% yoy/+4.2% yoy

10:05

• EU: ECB President Lagarde, video message for Esma event on Capital Markets Union

16:00

• US: Existing Home Sales April PROGNOSE: +1.4% yoy previous: -4.3% yoy

16:30

• US: Crude Oil Inventories EIA

20:00

• US: Fed, minutes of the FOMC meeting April 30/May 1

ex-dividend of individual stocks

Renault EUR 1.85

Quarterly figures / company dates USA / Asia

16:00 $MCD (+0,17 %)
McDonalds | $MDLZ (-0,83 %)
Mondelez

16:00 $UAL (-1,27 %)
United Airlines AGM

16:30 US: Crude Oil Inventories EIA

17:00 PayPal AGM

18:00 $AMZN (+1,14 %)
Amazon AGM

22:20 $NVDA (+3,67 %)
Nvidia quarterly figures

Quarterly figures / Company dates Europe

07:00 $EVT (-0,81 %)
Evotec | $HBH (+0,29 %)
Hornbach Holding

10:00 $COP (+2,12 %)
Compugroup Medical AGM

10:30 Indus Holding AGM

11:00 $PUMA (-0 %)
Puma AGM

14:00 Evotec Earnings-Call

Untimed: Einhell quarterly figures

Trend score fell below 60%.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗠𝗲𝗴𝗮𝗸𝗮𝘂𝗳 𝗯𝗲𝗶 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 / 𝗘𝗹𝗼𝗻 𝗠𝘂𝘀𝗸 𝗵𝗮𝘁 𝗴𝗲𝗻𝘂𝗴

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, among others, Philip Morris International ($PHMO11BF), Altria Group Inc. ($MO (-1,17 %)), and Ralph Lauren Corporation ( $RL (+0,23 %)) are trading ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, among others, Hornbach Holding. ($HBH (+0,29 %)) and Carmax Inc. ($KMX (-0,17 %)) present their quarterly figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

Tesla ($TSLA (+6,49 %)) - Tesla shareholders can breathe a sigh of relief, CEO Elon Musk announced that he has now sold enough Tesla shares. After a total of 13.5 million shares sold, he now has $13 billion, of which he says he will pay $11 billion in taxes.

Rocket Internet ($RKET) - Rocket Internet shares rose by a full 26% yesterday. The reason for this is the company's offer to buy its own shares now for €35. Last year, the company already announced a delisting from the stock exchange, at that time the takeover price of the shares was around €18.50.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

Bitcoin ($BTC (-0,16 %)) - The dip in the crypto market was neatly exploited. A previously unknown investor covered himself with 3000 Bitcoins worth 150 million US dollars. In total, the value of this investor's wallet is close to 6 billion US dollars. This makes him the third largest Bitcoin investor in the world.

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The Corona boom may have faded, but business at Hornbach Holding is still excellent. Following a strong third quarter, the DIY chain is even more optimistic for the year as a whole and surprises the stock market with new targets. The share price is soaring.

The holding company's adjusted earnings before interest and taxes (EBIT) are now expected to reach between Euro 330 million and Euro 380 million in the current financial year. Most recently, Hornbach had also targeted the upper third with a range of Euro 290 million to Euro 326 million.

In the best case scenario, Hornbach is thus confident of achieving earnings growth of more than 16 percent this year.

For Hornbach, this is not the first increase in its forecast this year. The company had already raised its targets following a good first quarter in June and then narrowed these to the upper third in terms of sales and adjusted earnings at the end of September.