BMW

⬆️⬆️⬆️

- UBS raises its price target for NVIDIA from USD 150 to USD 185. Buy. $NVDA (+1,51 %)

- METZLER raises the price target for MUNICH RE from EUR 535 to EUR 543. Buy. $MUV2 (+1,94 %)

- GOLDMAN lowers the target price for NOVO NORDISK from DKK 1040 to DKK 1025. Buy. $NOVO B (-2,54 %)

- GOLDMAN upgrades MTU from Neutral to Buy and raises target price from EUR 276 to EUR 400. $MTX (+1,36 %)

- GOLDMAN upgrades BASF from Neutral to Buy and raises target price from EUR 45 to EUR 53. $BAS (-1,23 %)

- DEUTSCHE BANK RESEARCH raises the price target for FRESENIUS SE from EUR 42 to EUR 44. Buy. $FRE (+2,55 %)

- DEUTSCHE BANK RESEARCH raises the price target for EMBRACER from SEK 24 to SEK 28. Hold. $TH9A

- DEUTSCHE BANK RESEARCH raises the price target for AMADEUS IT from EUR 62 to EUR 65. Hold. $AMS (+0,23 %)

- DEUTSCHE BANK RESEARCH raises the price target for NEMETSCHEK from EUR 85 to EUR 100. Hold. $NEM (-1,17 %)

- WARBURG RESEARCH raises the price target for DÜRR from EUR 32 to EUR 33. Buy. $DURYY

- HAUCK AUFHÄUSER IB upgrades CANCOM from Hold to Buy. Target price EUR 32. $COK (-1,19 %)

- ODDO BHF upgrades GENERALI to Neutral. Target price EUR 26.10. $G (+0,6 %)

- METZLER raises the price target for HEIDELBERG MATERIALS from EUR 131 to EUR 138. Buy. $HEI (-0,13 %)

- BERENBERG raises the price target for FLATEXDEGIRO from EUR 16 to EUR 18. Buy. $FTK (-0,97 %)

- BERENBERG raises the price target for FREENET from EUR 29 to EUR 32. Buy. $FNTN (+0,14 %)

- JPMORGAN raises the target price for HEIDELBERG MATERIALS from EUR 108 to EUR 149. Overweight. $HEI (-0,13 %)

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- UBS lowers the price target for MUNICH RE from EUR 560 to EUR 540. Buy. $MUV2 (+1,94 %)

- ODDO BHF downgrades MODERNA to Outperform. Target price USD 86. $MRNA (+4,46 %)

- UBS downgrades VALE from Buy to Neutral and lowers target price from USD 14 to USD 11.50. $VALE (+0,21 %)

- DZ BANK lowers target price for DEUTZ from EUR 6.80 to EUR 5.80. Buy. $DEZ (+1,28 %)

- DZ BANK lowers the price target for BECHTLE from EUR 51 to EUR 45. Buy. $BC8 (-0,68 %)

- BERENBERG lowers the target price for ESTEE LAUDER from USD 87 to USD 76. Hold. $EL (+2,73 %)

- RBC lowers the target price for ASOS from GBP 4.60 to GBP 4. Sector Perform. $ASC (-0,09 %)

- RBC lowers the price target for EVOTEC from EUR 12 to EUR 11.60. Outperform. $EVT (-0,03 %)

- RBC lowers the price target for VESTAS from DKK 222 to DKK 156. Outperform. $VWS (-1,6 %)

- BERENBERG lowers the price target for SUSS MICROTEC from EUR 80 to EUR 75. Buy. $SMHN (+3,96 %)

- JEFFERIES downgrades NEL from Hold to Underperform and lowers target price from NOK 5.50 to NOK 3. $NEL (-7,75 %)

- RBC lowers the price target for BMW from EUR 81 to EUR 80. Sector Perform. $BMW (-1,54 %)

- JEFFERIES lowers the price target for KNAUS TABBERT from EUR 26 to EUR 20. Hold. $KTA (-4,38 %)

As every Sunday, the most important news from the past week, as well as the dates for the coming week.

Also as a video:

https://youtube.com/shorts/I6Spb2-8GPY?si=EkrAKROkkdawQVwE

Monday:

The mood on the employment market has not been this bad for four years. Companies are hardly hiring any new employees. "The autumn revival on the labor market has largely failed to materialize this year," said Andrea Nahles, head of the Federal Employment Agency.

https://www.handelsblatt.com/politik/deutschland/arbeitsmarkt-ifo-beschaeftigungsbarometer-auf-tiefstem-stand-seit-2020/100085716.html

Tuesday:

$BOSS (-2,36 %) HUGO BOSS can make gains in the pre-market, the Q3 figures are convincing. The company was able to increase sales against the market and thus gain further market share. Sales rose by one percent to 1.029 billion euros. Profits, on the other hand, fell slightly to 55 million euros. As a result, the company was able to beat both the sales forecast and the operating profit forecast. The profit was lower than expected.

https://www.finanzen.net/amp/ziele-bestaetigt-hugo-boss-verzeichnet-gewinnrueckgang-trotz-leichtem-umsatzplus-13983161

A purchase offer for $SZG (-1,9 %) Salzgitter caused the share price to explode on Tuesday. The family entrepreneur Günter Papenburg probably wants to take over the steel manufacturer.

https://www.handelsblatt.com/unternehmen/industrie/guenter-papenburg-dieser-hartnaeckige-bauunternehmer-will-salzgitter-kaufen/100086053.html

Wednesday:

Black day for $BMW (-1,54 %) BMW, on the one hand Donald Trump became US President, on the other hand bad quarterly figures. In Q3, BMW earned half a billion euros, 84% less than in the same period last year. Sales slumped by 16%. BMW had to recall 1.5 million cars worldwide due to problems with the brake systems.

https://m.bild.de/regional/muenchen/bmw-gewinn-bricht-um-84-prozent-ein-das-sind-die-gruende-672b1efbc2d148466c895807

Bad share price reaction also at $TMV (-1,8 %) TeamViewer, although the Group was able to significantly increase its profit. This rose by 49 % on an adjusted basis. Revenue also increased by 7 %. The company is targeting the lower end of the forecast range for revenue for the year as a whole. The EBITDA forecast was even raised. RBC leaves the target price at 18 euros after the figures. Why the share fell by more than 10% remains a mystery to us.

https://www.4investors.de/nachrichten/dgap-meldung.php?sektion=dgap&ID=145568

That was it for the traffic lights. It had become apparent. The decisive factor was Lindner's paper calling for a change in economic policy

https://m.bild.de/politik/ausland-und-internationales/medienbericht-scholz-entlaesst-lindner-672bc4edd7f5755b6b3c1920

Thursday:

The FED cut the key interest rate again by 25 basis points. This had been expected. The US economy would grow solidly and the inflation rate would fall towards 2%.

https://www.handelsblatt.com/finanzen/geldpolitik/geldpolitik-us-notenbank-fed-senkt-leitzins-um-025-prozentpunkte/100086047.html

The Bank of England also cut interest rates by 25 basis points on Thursday. The prime rate there is still at 4.75%.

https://www.bbc.com/news/live/c3rxp879j3xt

Most important dates in the coming week:

Monday: 11:00 ZEW Economic Sentiment (DE)

Tuesday: 14:30 Inflation data (USA)

Thursday: 14:30 Producer prices (USA)

What other important dates can you think of?

#trump
#konjunktur
#inflation
#usa

Report on the political and economic situation in Germany

After prolonged tensions and disagreements over the economic policy course, particularly with regard to the debt brake and investmentsChancellor Olaf Scholz effectively ended the traffic light coalition on November 6, 2024 with the dismissal of Finance Minister Christian Lindner (FDP) ended. The FDP then withdrew from the government and left the previous coalition with the Greens and the SPD broke up. Scholz sharply criticized Lindner's financial policy and accused him of using one-sided austerity policy the urgently needed modernization and promotion of growth in Germany.

In order to clarify the situation and "secure" the confidence of the Bundestag Scholz held a vote of confidence for January 15, 2025 has been announced. Should he lose this, the path for new elections would already be open end of March 2025 would be free. The CDU/CSU however, are calling for a quicker vote and are banking on new elections as early as January. Until the new elections, Scholz would form a minority government with the Greens lead.

The upcoming new elections could lead to a clear change of direction in Germany. Currently, the CDU/CSU dominate the opinion polls with around 32%. Voters who are disappointed with the previous traffic light coalition could now switch to a more conservative, more business-friendly program program. It is assumed that the election campaign topics will primarily focus on economic policy issues. At a time when Germany is struggling with weak economic growth, investment laziness and infrastructural challenges issues surrounding the debt brakefinancing public investment and ways to revive the economy could play a central role.

The political instability could short-term put pressure on the DAX $DAX under pressure in the short term. The index recently reached 19,275 points, a record high. Especially the sectors automotive industry ($VOW3 (-1,43 %) | $MBG (-0,53 %) | $BMW (-1,54 %) ), the energy sector ($RWE (-0,87 %) | $EOAN (+0,26 %) ) and infrastructure companies could be affected by increased volatility due to their dependence on government increased volatility but this would also be limited.

At the heart of the crisis is the question of whether the debt brake can be loosened to allow urgently needed investments in infrastructure, education and digitalization to be financed. The possibility of a new government pursuing a looser fiscal policy could have a positive effect on the German economy and remove barriers to investment. reduce barriers to investment reduce barriers to investment.

A clear economic policy signal after the new elections could boost the confidence of investors and the long-term growth prospects of Germany. Election campaign topics such as structural reforms, improvement the competitiveness and investments in a sustainable infrastructure could lead Germany into a phase of sustainable growth.

Unfortunately, the political crisis comes at a time of geopolitical change, particularly with Donald Trump's return to the White House. Germany's role on the international stage, especially in transatlantic transatlantic relations and in trade issuescould be influenced by this realignment. The possibility of punitive tariffs or changes in US policy could economic policy decisions and investment decisions German companies even more difficult.

The CEO of BMW
$BMW (-1,54 %) is calling for Europe 🇪🇺 to lift the planned ban on combustion engines in order to reduce its dependence on China 🇨🇳.

"Europe should abandon its plan to ban the sale of new fossil fuel cars from 2035.

This could reduce dependence on China's battery supply chain and make better use of the continent's technological strengths."

Today with $BMW (-1,54 %) once again added a new position to the portfolio. I opted for the preference shares because they are cheaper and - well - 2 cents more dividend ...

#butnotallatoncespend

As every Sunday, the most important news from the past week, as well as the dates for the coming week.

Also as a video:

https://youtube.com/shorts/FGvcLLAZSYk?si=Xyx01rfa453zdtpG

Monday:

The order situation in German industry is developing poorly. Orders fell by 5.8% in August. Economists had expected a decline of only 2.0%. Experts see this as a further sign of crisis in German industry.

https://www.handelsblatt.com/politik/konjunktur/konjunktur-deutsche-industrie-mit-auftragsminus-von-58-prozent/100076767.html

In order to ease the burden on the German pension system, the economic experts now have an unconventional proposal. Children aged 6 and over could be given 10 euros a month by the state to invest in a selected fund with a high proportion of equities.

https://www.handelsblatt.com/politik/deutschland/finanzen-wirtschaftsweise-kindern-geld-fuer-fonds-kauf-geben/100076917.html

Tuesday:

$MCD (-0,18 %) McDonald's is suing the four largest beef suppliers in the USA. The company accuses them of price fixing and forming a cartel. The companies include $JBSS3 JBS, $TSN (+1,93 %) Tyson Foods, Cargill and National Beef

From Tuesday to Wednesday, the HBO documentary on $BTC (+1,13 %) Bitcoin. According to HBO, the secret of Satoshi Nakamoto will be revealed. Nakamoto is considered the creator of Bitcoin, but his identity is still unknown. Nakamoto probably owns 1.1 million Bitcoins, which corresponds to a value of around USD 60 billion. A revelation could be highly explosive for the financial markets.

The revelation is that, according to HBO, Peter Todd is behind Satoshi Nakamoto, but he vehemently denies this.

https://www.bild.de/geld/wirtschaft/bitcoin-erfinder-satoshi-nakamoto-hbo-doku-will-das-geheimnis-lueften-67055b32dd4668399e3be478

https://www.btc-echo.de/schlagzeilen/hbo-tischt-falschen-bitcoin-erfinder-auf-193148/

Wednesday:

German exports are growing, contrary to expectations. In August, goods worth 131.9 billion euros were exported, 1.3% more than in July. The USA in particular is driving exports. Exports to Germany's most important trading partner grew by 5.5%. Exports to China and the UK also increased. Imports, on the other hand, fell slightly to 109.4 billion euros.

https://www.handelsblatt.com/politik/konjunktur/aussenhandel-deutsche-exporte-legen-zu-importe-sinken-deutlich/100077496.html

The FOMC minutes were published on Wednesday evening. Overall, these were received positively on the stock market. The 0.5 percentage point cut in the US was approved by a large majority. However, this is probably not intended to determine the pace of further interest rate cuts.

https://www.handelsblatt.com/finanzen/geldpolitik/fed-prokolle-us-notenbanker-xl-senkung-gibt-kein-tempo-fuer-zinswende-vor/100077711.html

Thursday:

With $BMW (-1,54 %) BMW and $MBG (-0,53 %) Mercedes, two German brands have made it into the top 10 best-known brands. According to Interbrand, the brand alone is worth more than the companies are currently valued on the stock market. $TSLA (+0,05 %) Tesla, on the other hand, is clearly losing brand value. One of the reasons cited is that Elon Musk supports Donald Trump.

https://www.handelsblatt.com/unternehmen/it-medien/interbrand-ranking-zwei-deutsche-in-den-top-ten-der-wertvollsten-marken-der-welt/100072227.html

However, car manufacturers are unable to translate this brand strength into sales. BMW sold 13% fewer cars in the 3rd quarter than in the previous year. Sales fell to 540,000 vehicles. In China in particular, sales fell by 29.8%. However, the main reason for this was delivery stops due to Continental's brake systems. Mercedes was even able to increase sales, at least compared to the previous quarter. In China, however, Mercedes sales also fell by 13%. Mercedes sold a total of 503,600 cars in the 3rd quarter.

https://www.handelsblatt.com/unternehmen/industrie/bmw-und-mercedes-schwaches-china-geschaeft-belastet-den-absatz/100077838.html

Inflation in the USA falls to 2.4%, although this is 0.1 percentage points above the general expectation. This means that the inflation rate is still above the Fed's target of 2%. A second major interest rate cut of 50 basis points has therefore become less likely.

https://www.wiwo.de/finanzen/boerse/bitcoin-kurs-aktuell-inflation-in-den-usa-bei-2-4-prozent-bitcoin-gibt-leicht-nach/27382428.html

$NET (+7,65 %) Cloudflare acquires Kivera, enabling it to further expand its position in IT security. This will make the use of cloud services in particular more secure for corporate customers.

https://netzpalaver.de/2024/10/10/cloudflare-uebernimmt-kivera-zur-gewaehrleistung-einfacher-praeventiver-cloud-sicherheit/

Elon Musk has promised autonomous driving, but he has delivered a new date. In 2026, series production at $TSLA (+0,05 %) start at Tesla. That would be 10 years since he announced the breakthrough. Elon Musk has thus disappointed the markets. What's more, if his bet on Trump doesn't work out, 2026 is also unlikely to be achievable. Only with Trump could the rules be adapted so that the robo-taxi arrives as early as 2026.

https://www.businessinsider.de/wirtschaft/international-business/elon-musk-enthuellt-robotaxi-von-tesla-so-viel-soll-es-kosten/

Friday:

Also $P911 (-2,39 %) Porsche is also selling fewer cars, and Porsche's main problem lies in the Chinese sales market. Porsche is also selling almost 1/3 fewer vehicles in China. Similar to Mercedes and BMW, Porsche has hardly granted any price reductions on its vehicles.

https://www.handelsblatt.com/unternehmen/industrie/vw-konzern-porsche-verkauft-weniger-autos-taycan-absatz-bricht-ein/100077981.html

Most important dates in the coming week:

Tuesday: 11:00 ZEW survey (DE)

Thursday: 14:15 Interest rate decision (ECB)

Friday: 10:00 Current account balance (EU)

What other important dates can you think of?

#termine
#nachrichten
#ezb

The big question

Salve a tutti,

I'll keep it short and sweet:

Now after the dip in $TSLA (+0,05 %) (and $BMW (-1,54 %) sell)?

What is your assessment of Tesla shares and the classic car manufacturers?

(Please note: long-term investment horizon)

Hello everyone

About me:

I have just turned 19 and am still training to be a design engineer. I started investing at the beginning of the year. As my salary is not particularly high, I have not been able to invest regularly until now. I invested what was left over at the end of the month. However, I would like to change this and invest regularly in my portfolio.

My goal:

My goal is to generate passive income so that I can benefit from monthly dividends.

My selection:

A large part of my portfolio is invested in $BMW (-1,54 %) and $MBG (-0,53 %) because they pay high dividends (unfortunately the market has now plummeted). I am also invested in $VUSA (+1,05 %) and $CHDVD because they also pay good dividends, pay out several times a year and because I have heard a lot of positive things about them. With $NKE (+3,29 %) I got a good entry, but I don't know whether I should keep this position or sell it as soon as I have a 10% profit. Regarding $BTC (+1,13 %) I have been decorating weekly for a while, but not again for a long time. I've done a bit of research and reading and have been convinced that cryptocurrencies and especially $BTC (+1,13 %) will reach a new "high". If this is the case, I would exit the position and invest the entire amount in the S&P500, for example (what do you think of this idea?). I have the same idea with $AUDIO (+2,3 %) and $MATIC (+5,27 %) . With $AUDIO (+2,3 %) I already had a previous experience, which ended positively after 1 month and I exited the position. When it fell again later, I got back in, but unfortunately without success so far. However, I have no time pressure and the money invested in $AUDIO (+2,3 %) and $MATIC (+5,27 %) I don't need it and I'm using it to gain "experience". It's good if it ends positively, but if it ends negatively, at least I've learned something from it.

Next steps:

Next, I want to find a stock that pays me dividends in February, August and November. I already have my eye on $AAPL (+0,52 %) . What do you think?

My wish:

I would be happy if someone could give me tips on what I could adjust in my portfolio, possibly also which stocks I should get in or out of and how I should divide my money between the stocks/cryptocurrencies in the future if I were to invest CHF 100 every month.

Many thanks in advance