Steico

DE000A0LR936

ST5

ST5

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/uWLmaUmA94I?si=Nvgan1ND1bTBDfNJ

Sunday:

Joe Biden resigns and names Kamala Harris as possible successor. Trump has already made a statement. We are curious to see what the markets will do tomorrow. The election campaign in the US seems to be starting all over again.

https://www.handelsblatt.com/politik/international/us-wahlen-joe-biden-verzichtet-auf-kandidatur-und-schlaegt-kamala-harris-vor/100054462.html

Monday:

The battery manufacturer $VAR1 (-0,72 %) Varta is restructuring at the expense of its shareholders. In addition, Porsche and Michael Tojner secure pre-emptive rights for the issue of new shares. As a result of the StaRUG proceedings, small shareholders at Varta in particular are left empty-handed.

https://www.handelsblatt.com/meinung/kommentare/varta-gau-fuer-kleinaktionaere/100054586.html

Tuesday:

$P911 (+0,6 %) Porsche corrects its forecast. Turnover is expected to be lower than planned and the margin is also likely to fall. This is probably due to flooding at a European supplier.

https://www.handelsblatt.com/unternehmen/industrie/autohersteller-warum-porsche-jetzt-die-jahresziele-fuer-2024-kassieren-muss/100054794.html

Also $ST5 (+0,91 %) Steico also fell significantly. Although turnover and profit increased, the share price fell. The reason is a cautious outlook.

https://www.wallstreet-online.de/nachricht/18294888-steico-se-starkes-erstes-halbjahr-2024-vorsichtiger-ausblick

Wednesday:

Profit at $TSLA (+6,49 %) Tesla falls for the second quarter in a row, Tesla has clearly missed expectations with its figures. Car sales fell by seven percent to 19.9 billion USD. Total sales increased slightly thanks to the strong storage business.

https://www.handelsblatt.com/unternehmen/industrie/elektroautobauer-tesla-gewinn-sinkt-erneut-robotaxi-soll-im-oktober-vorgestellt-werden/100053233.html

$RHM (+2,51 %) Rheinmetall doubled its profit and was even able to exceed expectations. The armaments group is benefiting from numerous orders from the German armed forces. Sales increased by 49% to 2.2 billion euros in the second quarter. Profit doubled to 271 million euros. Rheinmetall is undoubtedly one of the winners of the Ukraine war.

https://www.handelsblatt.com/unternehmen/industrie/ruestung-rheinmetall-verdoppelt-gewinn-im-zweiten-quartal/100055103.html

The Purchasing Managers' Index for Germany 🇩🇪 and the USA are disappointing. The value for Germany fell below 50, and the same applies to industry in the USA. The index thus signals a recession. In the USA, at least the service sector remains above the 50 mark.

https://finanzmarktwelt.de/einkaufsmangerindex-juli-316954/?amp

Thursday:

Yesterday, the building materials group $STO3 (+4,43 %) Sto reported disappointing figures. Earnings will probably be halved and the targets for 2024 and 2027 have been canceled.

There was also weak news from the automotive industry. $7201 (+3,28 %) Nissan's profit collapses by 99%. Opel parent company Stellantnis reports a 40% drop in profits.

Things are also going badly in the luxury goods industry. Gucci's sales shrank by 19%, putting pressure on the profits of its parent company $KER (+2,91 %) Kering.

Even consumer goods giant $NESN (-0,89 %) Nestlé disappointed with a lowered forecast. Turnover fell by 2.7%, partly due to currency effects.

https://www.handelsblatt.com/unternehmen/industrie/geschaeftszahlen-im-newsblog-nissan-gewinn-faellt-um-99-prozent-astrazeneca-erhoeht-jahresziele/24098412.html

Even in Poland 🇵🇱, which is otherwise economically spoiled, the supermarket chain $DNP (+6,61 %) Dino Polska has to report poor figures. Among other things, profits fell by 28% compared to the previous year.

https://www.stockwatch.pl/wiadomosci/slabe-wyniki-biedronki-pociagnely-w-dol-notowania-dino-polska,akcje,329836

The situation was different in the pharmaceutical sector. $SAN (+1,12 %) Sanofi exceeded analysts' expectations in terms of profit and was able to increase its turnover by 8 %. Also $AZN (-0,35 %) Astrazeneca also raised its annual targets. Sales increased by 15 %. However, profits fell slightly due to exchange rate effects.

https://www.handelsblatt.com/unternehmen/industrie/geschaeftszahlen-im-newsblog-nissan-gewinn-faellt-um-99-prozent-astrazeneca-erhoeht-jahresziele/24098412.html

Good economic data from the USA 🇺🇸. GDP growth in the second quarter was probably significantly stronger than expected (2.8 % annualized, expected: 2.0 %). In addition, inflation is unlikely to exceed expectations.

https://www.handelsblatt.com/politik/konjunktur/konjunktur-us-wirtschaft-waechst-im-zweiten-quartal-staerker-als-erwartet/100055373.html

Friday:

$MBG (-2,54 %) Mercedes is able to slightly improve its return on sales again. In addition, there was no profit warning, which many had expected.

https://www.handelsblatt.com/unternehmen/industrie/autoindustrie-mercedes-verliert-an-fahrt-absatz-der-s-klasse-stuerzt-ab/100054892.html

BASF $BAS (+2,29 %) BASF does not have to lower its forecast, but continues to struggle with rather weak figures. Sales fell by 7%, while adjusted profits of 2 billion euros in the second quarter were roughly at the previous year's level.

https://www.handelsblatt.com/unternehmen/industrie/chemiekonzern-basf-macht-weniger-umsatz-als-im-vorjahr-bestaetigt-aber-den-ausblick/100054625.html

Inflation in Japan 🇯🇵 was above expectations. Real interest rate hikes may still have to be made there after all. However, even the price increases for core consumer prices in the capital Tokyo are barely above the BoJ's 2% target.

https://www.fxstreet.com/news/japan-inflation-tokyo-consumer-price-index-rises-22-yoy-in-july-vs-23-prior-202407252333

The German pharmaceutical group $MRK (+0,24 %) Merck also delivered strong figures and raised its forecast slightly. Instead of sales of 20.6 - 22.1 billion euros, the range was raised to 20.7 - 22.1 billion euros. Sales stagnated in the second quarter. The reason for the forecast increase is good figures for the cancer drug Xevinapant.

https://www.handelsblatt.com/unternehmen/industrie/pharma-und-techkonzern-merck-hebt-prognose-fuer-2024-leicht-an/100055694.html

Most important dates in the coming week:

Tuesday: 14:00 Inflation data (Germany)

Wednesday: 05:00 Interest rate decision (BoJ)

Thursday: 13:00 Interest rate decision (BoE)

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/Tzvt-QWMEx0?si=s6XBg1idGvlqJmah

Monday:

Global military spending reaches a new record high. Global military spending amounted to 2.3 trillion euros in 2023. This is roughly equivalent to the GDP of France. At 859 billion euros, the USA spent around 37% of this. It is followed by China, Russia, India and Saudi Arabia. Germany follows in seventh place, just behind the UK. Ukraine follows in eighth place.

https://www.handelsblatt.com/politik/international/sipri-bericht-weltweite-militaerausgaben-wieder-auf-hoechststand/100034128.html

Despite the crisis in the construction industry, the sustainable insulation specialist $ST5 (+0,91 %) Steico can significantly increase its profit. In particular, profits rose significantly in the first quarter from 2.1 to 5.9 million euros. The main reason was falling purchase prices, which is also exciting in view of the upcoming ECB interest rate decision. We hold a very small position of 3 shares in Steico in our value portfolio. For the most part, we exited at prices well above EUR 60.

https://www.ecoreporter.de/artikel/steico-gewinn-im-ersten-quartal-wächst-deutlich/

Tuesday:

The Chinese are buying fewer and fewer iPhones and more and more smartphones from the Chinese manufacturer Huawei. $AAPL (+2,87 %) Apple's sales fell by 20% in China in the first quarter. Huawei's sales increased by 70 %. Apple is a victim of the rising tensions between the USA and China.

https://www.handelsblatt.com/technik/it-internet/apple-iphone-absatz-in-china-bricht-ein-huawei-profitiert/100034492.html

Wednesday:

$TSLA (+6,49 %) Tesla suffers first drop in sales since 2020 in Q1 2024. Sales fell by 9% to USD 21.3 billion. The announcement of more affordable models at the end of the year already generated enthusiasm.

https://www.handelsblatt.com/technik/it-internet/e-mobilitaet-tesla-gewinn-bricht-ein-musk-verspricht-neue-modelle/100032651.html

The German government surprisingly raises its growth forecast; instead of 0.2%, GDP growth of 0.3% is now expected. Among other things, the ifo business climate index has already climbed for 3 months in a row.

https://www.handelsblatt.com/politik/konjunktur/konjunktur-bundesregierung-erwartet-etwas-mehr-wachstum-doch-sorgen-bleiben/100032800.html

Thursday:

Our value stock $KGX (+5,89 %) Kion starts the new quarter with solid figures. Turnover increased by 2.8%. Profitability increased, only the cash flow deteriorated slightly. In our view, it is also positive that incoming orders increased again compared to the same quarter last year.

https://www.boerse.de/nachrichten-amp/EQS-News-Solider-Start-in-das-Geschaeftsjahr-KION-steigert-Umsatz-und-Ergebnis-im-ersten-Quartal/35992507

Our value stock $HFG (-3,63 %) Hellofresh reports quarterly figures and is particularly impressive with its growth in the ready meals segment. Overall, sales rose by 3.8%, but the ready meals division grew by 56.2%. Hellofresh thus broke the 2.07 billion euro sales barrier in one quarter, the highest ever. The bottom line will initially be lower due to the start-up financing of the ready meals brand.

https://www.wallstreet-online.de/nachricht/18018276-eqs-news-hellofresh-se-vermeldet-quartalsumsatz-2-07-mrd-produktkategorie-fertiggerichte-waechst-zuegig-expandiert-laender

Consumer sentiment in Germany 🇩🇪verbessert continues to improve. In April, sentiment rose for the third time in a row. However, the value of the GfK barometer remains in negative territory at -24.2 points. This means that negative responses to the survey continue to predominate. However, the trend is positive.

https://www.handelsblatt.com/politik/konjunktur/verbraucherstimmung-konsumlaune-steigt-auf-zwei-jahres-hoch-lohnplus-verbessert-kaufkraft/100035003.html

Growth in the USA 🇺🇸 is lower than expected at 1.6% in Q1. The inflation rate is also higher than expected. These are bad signs. In theory, the Fed should be looking at inflation rather than economic growth. This means that a reduction in interest rates in the USA could be postponed further. The stock markets are falling sharply.

https://www.handelsblatt.com/politik/konjunktur/konjunktur-us-wirtschaft-waechst-langsamer-als-erwartet/100035035.html

After $META (+3,24 %) Meta, the next tech company is now announcing a dividend payout. Alphabet will pay out 0.20 cents per share in future. The share price literally exploded after the announcement. The other figures are also convincing, with profits rising to 22 billion euros in one quarter.

https://www.finanzen.net/nachricht/aktien/internetriese-mit-zahlen-alphabet-aktie-mit-hoehenflug-alphabet-schlaegt-alle-erwartungen-aktienrueckkauf-13446329

Friday:

The Japanese 🇯🇵 central bank postpones the interest rate decision. As a result, the yen continues to fall. Last year, Germany became the world's third-largest economy despite zero growth, thanks to the weak yen.

https://www.handelsblatt.com/finanzen/maerkte/devisen-rohstoffe/japans-notenbank-vertagt-eine-erneute-zinserhoehung-der-yen-rutscht-weiter-ab/100035026.html

Saturday:

The inflation rate in Germany is expected to have risen in April for the first time this year. Inflation was probably 2.3% in April, compared with 2.2% in March. The main reason for this is the renewed increase in VAT on gas and district heating.

https://www.handelsblatt.com/politik/konjunktur/konjunktur-inflationsrate-im-april-erstmals-in-diesem-jahr-gestiegen/100035482.html

These are the most important dates for the coming week:

Tuesday: 11:00 Inflation data (Eurozone)

Wednesday: 20:00 Interest rate decision (USA)

Friday: 14:30 Employment data (USA)

Does anyone have an idea what is going on with $ST5 (+0,91 %) is going on? Actually a sustainable market, quarterly figures ok and is passed through like nothing else. Does anyone have any info?

I plan to invest a sum of about 22,000 euros in the near future.

Planned are 50% FTSE all World accumulating $VWCE (+1,33 %) and 50% individual shares.

The individual stocks are to be diversified by sector/region as follows.

The positions are all about 500-1000 euros in size.

Strategy: Long-term asset accumulation, absorb fluctuations through ETF, buy "industry classics" instead of only betting on ETF.

If necessary, the entry points for some companies are too early, as these are currently strongly passed through. However, risking a month's loss is okay in the long term.

I look forward to qualified suggestions/comments/suggestions/additions.

Construction/Agriculture: $DE (+1,49 %) , $CAT (+4,14 %) , $ST5 (+0,91 %)

Tech: $MSFT (+1,09 %) , $AAPL (+2,87 %)

Automot: $TSLA (+6,49 %) , $1211 (+0,93 %) (BYD.)

Solar/Energy: $FSLR (-1,23 %) , SMA Solar, $NEE (-2,77 %)

Waste: $WM (+0,12 %) , $VIE (-0,15 %)

Consumption: $KO (-1,76 %) , $PG (-1,94 %) , $MCD (+0,17 %)

Industry:$DHR (+1,28 %) , $MMM (+0,41 %) , $LIN (+0,07 %) , $ASML (+4,37 %)

Med: $PFE (-0,73 %) (Pfizer)

Other: $MC (+2,48 %) , $V (-1,68 %) , $BLK (+0,66 %) ,

ca 10.000€ FTSE ALL WORLD thes.

Purchase $ST5 (+0,91 %)

Expect a trend reversal here soon

The interest rate peak will soon be reached and the focus will continue to be on insulation materials and sustainable construction.

Only a matter of time until it goes up again significantly, similar to some real estate stocks that will now also soon pull up significantly.