Stock exchange operators profit directly from the trading volume on the financial markets. They earn from every transaction, regardless of whether the markets rise or fall, which gives them a certain crisis resistance. They also offer stable income through trading fees, data licenses and index products.

During my research for the $SPGI (-0,15 %) stock presentation, I came across London Stock Exchange when I wanted to know who was actually behind the FTSE indices.

I immediately imagined a fantastic narrative about LSEG, but after a superficial analysis and comparison with Deutsche Börse, I was disillusioned.

In summary, there is a lot to be said for $DB1 (+0,76 %)a solid business model, high profitability, attractive margins, strong market position in the EU and continuous growth, a real quality company.

What do you think?

JP Morgan $JPM (+0,35 %)

Visa $V (-0,06 %)

Chubb $CB (-0,81 %)

Blackrock $BLK (-0,74 %)

Intuit $INTU (+0,22 %) (very expensive)

German Stock Exchange $DB1 (+0,76 %)

S&P Global $SPGI (-0,15 %)

HDFC Bank
$HDFCBANK (speculative - India bet)

I would be interested to know which are your favorites for a long-term investment?

In January I decided to set up a dividend portfolio for myself. I immediately used the setback in February to end my one-year "test phase" as a stock market novice and start my long-term plan. In addition to two dividend-paying ETFs for retirement provision $XDWL (+0,72 %) & $XSX7 I want to build up a strong portfolio through stable dividend stocks, regular purchases and reinvestment of dividends.

I would like to take you with me on my journey and now share regular updates on the development of my portfolio.

You can find my goals and how I want to achieve them in my first post → My path to financial freedom: I'm building a dividend portfolio - goals & strategy 📈💰

(https://getqu.in/T7yDJe/)

📊 My current dividend portfolio (sorted by market capitalization):

1️⃣ $SAP (+2,08 %) - Europe's largest software group with a stable dividend policy

2️⃣ $BAC - One of the largest US banks with a solid payout

3️⃣ $AXP - Strong brand with long-term potential

4️⃣ $ALV (+0,85 %) - High dividend yield & strong financials

5️⃣ $DB1 (+0,76 %) - Benefits from rising trading volumes

6️⃣ $BATS (-0,52 %) - High dividend yield & stable cash flow

7️⃣ $MO - Continuous dividend increases, but regulatory risks

8️⃣ $O (-0,52 %) - The famous "Monthly Dividend Company" REIT

9️⃣ $INGA - European bank with attractive dividend yield

I start my journey with these 9 stocks. All of them convince me and are stable stocks. I'm not doing anything here for no reason. That's why there's a good reason for every stock I buy.

If you would like to know why I chose one of the stocks, let's discuss it in the comments. I look forward to the exchange! 😊

I wish you a good start to the weekend!

#Dividendenstrategie
#FinanzielleFreiheit
#Investieren
#Börse
#Dividenden
#PassivesEinkommen
#Aktien

Only moved sideways for 3 years. Also still $DHL sold. But 10x $DB1 (+0,76 %) bought and another 125x $1810 ✅

Tesla shares fall by more than 15 percent in one day + Tonner drones accelerate commercial development of INHIBITOR solution + Redcare hopes for strong sales growth + Henkel to invest one billion euros in share buyback + Deutsche Börse at record high + Apple has to work longer on new AI-Siri

Tesla share $TSLA (+10,24 %)falls by more than 15 percent in one day

• The share price of Tesla, the electric car manufacturer led by Elon Musk, fell by more than 15 percent to 222 dollars on Monday, thus losing the last gains made after the US presidential election in November.
• Prior to the accelerated share price losses on Monday, another analyst had lowered the forecast for Tesla deliveries.
• The share price fell a further three percent after the close of trading.
• Since the record high in mid-December, the drop now amounts to more than 50 percent.
• Musk had become a close ally of the ultimately victorious Republican Donald Trump during the US election campaign.
• Following his triumph in the presidential election, Tesla shares soared.
• At its peak in mid-December, it was worth around twice as much as on election day on November 4.
• A downward slide then set in, which recently became steeper.
• After the share price plummeted, Trump claimed that "radical left-wing lunatics" were boycotting Tesla in order to harm Musk.
• He would buy a Tesla car on Tuesday as a sign of support for the "great American" Musk, the US President announced via the online platform Truth Social.

Tonner drones $ALDRaccelerates the commercial development of the INHIBITOR solution

• Tonner Drones ("the Company") announces that it is intensifying its efforts to commercialize its Inhibitor product.
• Tonner Drones holds valuable patents for stabilizing drones and counteracting the recoil effect.
• This technology can significantly improve the operation of drones after a target has been shot down.
• In light of the global increase in defense spending, Tonner Drones would like to take this opportunity to generate interest in the inhibitor patents from the parties.
• While Tonner Drones itself has no ambitions to develop the product, the company aims to optimize the value of the patents through sales or licensing agreements.

Redcare $RDChopes for strong sales growth

• The online pharmacy Redcare Pharmacy (formerly Shop Apotheke) is also aiming for strong growth in the current year.
• The MDax-listed company announced in Sevenum on Tuesday that sales are set to increase by at least a quarter.
• Based on sales of just under 2.4 billion euros last year, this would be 3.0 billion euros in the worst-case scenario, which is roughly what analysts surveyed by Bloomberg have in mind.
• In terms of profitability, however, the Dutch company could possibly disappoint again: The margin for adjusted earnings before interest, taxes, depreciation and amortization (ber EBITDA) is expected to improve slightly to between 2 and 2.5 percent.
• Analysts currently expect 2.3 percent. Redcare had already announced turnover figures in January.
• These have now been confirmed. The adjusted operating result fell by more than a third to 33.3 million euros, with the margin more than halving to 1.4 percent.
• The market had been expecting a less severe decline.
• In the final quarter, Redcare was even in the red in its day-to-day business.
• And the bottom line for shareholders in 2024 was again a loss: it increased to 45 million euros, compared to minus 12 million euros in 2023.

Henkel $HENwants to invest one billion euros in share buyback

• The consumer goods group Henkel has announced that it will buy back its own shares for up to one billion euros.
• The Dax-listed preference shares worth up to 800 million euros are to be acquired, as the company announced on Tuesday shortly before the announced presentation of the annual figures in Düsseldorf.
• The remaining 200 million euros are to be invested in the purchase of ordinary shares.
• "Based on the current share price, this corresponds to around 2.7 percent of the company's share capital."
• Henkel shares have significantly lagged behind the DAX in recent years.
• The company currently has a market capitalization of just under 36 billion euros.

German stock exchange $DB1 (+0,76 %)at record high

• In a weak overall market, Deutsche Börse shares reached another record high on Monday.
• The increasing price fluctuations on the financial markets are likely to keep investors on their toes and ensure good turnover for stock exchange operators.
• The shares of the stock exchange operator rose by 2.9 percent to 264.80 euros at the peak in the afternoon.
• Deutsche Börse shares have climbed by almost 20 percent since the beginning of the year.
• The shares of counterparty Euronext had reached a high on Thursday.
• Not least the political developments since the election of Donald Trump as US President and his erratic actions are likely to force investors to constantly adjust their portfolios - with positive consequences for exchange operators.
• According to analyst Jochen Schmitt from Metzler Bank, turnover in interest rate products on the Eurex derivatives exchange and in cash trading on Xetra increased in January and February compared to the previous year.
• Deutsche Börse should benefit from the favorable capital market environment.
• Economies of scale would benefit the results, as the cost base is strongly determined by fixed costs.

Apple $AAPL (+0,28 %)has to work longer on new AI-Siri

• Setback for Apple in the AI race with other tech giants: The iPhone company is taking longer than planned to develop its improved assistance software Siri.
• The new far-reaching functions with artificial intelligence will not be available until "next year", an Apple spokesperson told the website "Daring Fireball".
• The function was generally expected to be available this spring.
• Apple's plan is for the future Siri to be particularly helpful for users because the software has access to users' personal information and can be active across different apps.
• Rivals such as Google and Samsung also want to establish such functions in the everyday lives of users of their devices and software.
• Amazon will soon be opening advance access to an AI version of its Alexa assistance software in the USA. Apple has summarized its new AI offerings under the name "Apple Intelligence".
• So far, the software can reword and summarize texts and create new emoji from user descriptions, among other things.
• The first functions of "Apple Intelligence" are set to appear in Germany in April.
• The company is focusing on AI functions in the marketing of its current iPhone generation.

Tuesday: Stock market dates, economic data, quarterly figures

• ex-dividend of individual stocks
• Novartis CHF 3.50
• Qantas Airways 0.10 AUD
• Spire 0.79 USD

• Quarterly figures / company dates USA / Asia
• 19:00 Eaton Investor Conference Call

• Quarterly figures / company dates Europe
• 06:45 Redcare Pharmacy NV, annual results
• 07:30 Gea Group | Henkel | Volkswagen annual results
• 09:00 Henkel Analyst Conference
• 09:30 Gea Group | Volkswagen BI-PK
• 11:00 Henkel BI-PK

Economic data

01:50 JP: GDP (2nd release) 4Q FORECAST: n.a. 1st release: +0.7% yoy previous: +0.4% yoy

08:00 DE: Labor Cost Index 4Q

15:00 US: Job Openings and Labor Turnover Survey (Jolts) January

No time specified:

- BE: Ecofin meeting of EU finance ministers

- CN: China's People's Congress, closing

Deutsche Börse $DB1 (+0,76 %)
remains on course for growth and therefore intends to launch another share buyback program with a volume of 500 million euros this year. Shareholders are also set to benefit. Among other things, a takeover has provided a tailwind.

Deutsche Börse earned more in the past financial year and has now announced a share buyback program worth millions. Net profit attributable to shareholders increased by 13 percent to 1.95 billion euros in 2024, the exchange operator announced.

Net revenue increased by 15 percent to 5.83 billion euros, with organic growth of eight percent. Earnings before interest, taxes, depreciation and amortization (EBITDA) also increased by 15 percent to 3.4 billion euros.

Among other things, growth as a result of the acquisition of the Danish financial software specialist SimCorp and in the Commodities division, where significant growth was achieved for the fourth year in a row, provided a tailwind. "We have benefited from strong organic growth across the entire Group - even without taking interest income into account," summarized CEO Stephan Leithner.

Shareholders should also benefit from the profit boost: The company held out the prospect of a higher dividend of EUR 4.00 per share, compared to EUR 3.80 in the previous year. In addition, it intends to acquire its own shares for 500 million euros in 2025 to supplement the planned dividend. Deutsche Börse is confident about the future: "We are well on track to achieve our strategic and financial targets for 2026," said Leithner.

The structural trends in the industry remain fully intact, he added. "We therefore expect significant organic growth again in the current financial year." In figures, the stock exchange operator expects net revenue of around EUR 5.2 billion (previous year: EUR 4.78 billion) and EBITDA of around EUR 2.7 billion (EUR 2.35 billion) for 2025, excluding the treasury result.

The key figures exclude net interest income and fees for deposited collateral (treasury result). In future, the Group intends to manage its business increasingly on the basis of the new key figure, as this excludes cyclical interest rate effects.

Source: ntv.de, jki/rts

Which German shares did you buy and how did they perform?#dax
#dax40
#deutschland
$SAP (+2,08 %)
$RHM (+0,16 %)
$MUV2 (-0,54 %)
$ALV (+0,85 %)
$ADS (-0,28 %)
$DE000A0PNN47
$VOW (+0,86 %)
$MBG (+1,59 %)
$P911 (-0,66 %)
$PAH3 (+1,4 %)
$BMW (+1,77 %)
$DTE (-2,85 %)
$DHL
$DB1 (+0,76 %)
$DBK
$RHM (+0,16 %)
$AIR (+2,53 %)
$LYY7 (+0,95 %)

⬆️⬆️⬆️

- GOLDMAN raises the price target for SIEMENS ENERGY from EUR 56 to EUR 60. Buy. $ENR (+2,01 %)

- BARCLAYS raises the target price for MERCEDES-BENZ from EUR 48.50 to EUR 50. Underweight. $MBG (+1,59 %)

- JEFFERIES upgrades SMA SOLAR from Hold to Buy and raises target price from EUR 14 to EUR 20. $S92 (+3,11 %)

- GOLDMAN raises the price target for DEUTSCHE BÖRSE from EUR 226 to EUR 231. Neutral. $DB1 (+0,76 %)

- BOFA upgrades BBVA from Neutral to Buy and raises target price from EUR 11 to EUR 13. $BBVA (+1,15 %)

- WARBURG RESEARCH upgrades FUCHS SE from Hold to Buy. Target price EUR 50. $FPE

- GOLDMAN raises the price target for FLATEXDEGIRO from EUR 17 to EUR 18. Buy. $FTK (-1,21 %)

- BERENBERG raises the target price for IBERDROLA from EUR 12.30 to EUR 14. Hold. $IBE (+0,69 %)

- JEFFERIES upgrades PVA TEPLA from Hold to Buy and raises target price from EUR 12 to EUR 19. $TPE (-0,56 %)

- JEFFERIES raises the price target for FRIEDRICH VORWERK from EUR 23 to EUR 30. Hold. $VH2 (+3,59 %)

- JEFFERIES raises the price target for ZEAL NETWORK from EUR 45 to EUR 58. Buy. $TIMA (-0,11 %)

- JEFFERIES raises the price target for ADESSO from EUR 75 to EUR 85. Hold. $ADN1 (-1,3 %)

- JEFFERIES upgrades NEL from Underperform to Hold. Target price NOK 3. $NEL (+0,25 %)

⬇️⬇️⬇️

- BERENBERG lowers the price target for RWE from EUR 46.50 to EUR 42. Buy. $RWE (+0,06 %)

- GOLDMAN lowers target price for EON from EUR 17.50 to EUR 17. Buy. $EOAN (-0,76 %)

- HAUCK AUFHÄUSER IB downgrades AIXTRON from Buy to Hold and lowers target price from EUR 26.40 to EUR 13.80. $AIXA (+0,61 %)

- METZLER lowers the price target for DWS from EUR 41 to EUR 40.50. Hold. $DWS (+2,81 %)

- GOLDMAN lowers the price target for ASTRAZENECA from GBP 159.55 to GBP 155.58. Buy. $AZN (+0,12 %)

- TD COWEN downgrades STMICRO to Hold. Target price EUR 24.50. $STM (+0,98 %)

- JPMORGAN downgrades CONSTELLATION BRANDS to Neutral. Target price USD 203. $STZ (-0,91 %)

- JEFFERIES lowers the price target for DOCMORRIS from CHF 65 to CHF 39. Buy. $DOCM (-0,32 %)

- JEFFERIES lowers the price target for ATOSS SOFTWARE from EUR 112 to EUR 108. Hold. $AOF (-3,42 %)

- JEFFERIES lowers the price target for JENOPTIK from EUR 34 to EUR 29. Buy. $JEN (+2,63 %)

- JEFFERIES lowers the price target for KONTRON from EUR 29 to EUR 27. Buy. $KTN (+0,18 %)

- JEFFERIES lowers the price target for SILTRONIC from EUR 95 to EUR 90. Buy. $WAF (+2,65 %)

- JEFFERIES downgrades VERBIO from Buy to Hold and lowers target price from EUR 22 to EUR 11. $VBK (+1,69 %)

- JEFFERIES downgrades SGL CARBON from Buy to Hold and lowers target price from EUR 9.50 to EUR 4.40. $SGL (-0,07 %)

Well vltts there are still some on the shortened 30.12. 😅

$CVX (-0,13 %) x600

$XOM (+0,12 %) x600

I expect both of them to increase earnings during the Trump era, which can at least be reflected in the dividend, and that's really my only concern

$8001 (-0,12 %) x1000

$DB1 (+0,76 %) x100

$MSCI (+1,01 %) x80

$DHL x1000

-> I thought this was a good place to build up a position. I'm not entirely sure whether we'll see price growth here at some point, but they probably won't fall much further (hopefully)

$DTE (-2,85 %) x3000

Analyst updates, 29.11.

⬆️⬆️⬆️

- BOFA raises the price target for SIEMENS ENERGY from EUR 48 to EUR 52. Neutral. $ENR (+2,01 %)

- GOLDMAN raises the target price for DEUTSCHE TELEKOM from EUR 37 to EUR 39. Buy. $DTE (-2,85 %)

- BERENBERG raises the price target for PFIZER from USD 27 to USD 29. Hold. $PFE (+1,2 %)

- JPMORGAN raises the target price for JUST EAT TAKEAWAY from GBP 14.15 to GBP 16.02. Overweight. $TKWY (+0,21 %)

- WARBURG RESEARCH raises the target price for RATIONAL from EUR 800 to EUR 810. Hold. $RAA (+0,17 %)

- BOFA upgrades SCHNEIDER ELECTRIC from Underperform to Neutral and raises target price from 175 EUR to 255 EUR. $SU (+2,74 %)

- BOFA raises the price target for NORDEX from 17.90 EUR to 19.30 EUR. Buy. $NDX1 (+0,35 %)

- BERENBERG raises the target price for ZALANDO from EUR 29.70 to EUR 38. Buy. $ZAL (-2,72 %)

- WARBURG RESEARCH upgrades WACKER NEUSON from Hold to Buy. Target price EUR 17. $WAC (+2,51 %)

- WARBURG RESEARCH raises the price target for ALZCHEM from EUR 75 to EUR 77.50. Buy. $ACT (+0,1 %)

- ODDO BHF upgrades NORMA GROUP from Neutral to Outperform. Target price EUR 18.10. $NOEJ (+0 %)

- BOFA raises the price target for KNORR-BREMSE from EUR 68 to EUR 70. Underperform. $KBX (+2,5 %)

- BOFA upgrades ABB to Buy. $ABBNY (+1,99 %)

- BOFA upgrades KION from Neutral to Buy and raises target price from EUR 39.50 to EUR 48.50. $KGX (+5,51 %)

- BOFA upgrades JUNGHEINRICH from Underperform to Neutral and raises target price from EUR 24 to EUR 26. $JUN3 (+1,42 %)

- BERENBERG raises the price target for GLOBAL FASHION GROUP from EUR 0.23 to EUR 0.27. Hold. $GFG (+2,82 %)

- HSBC raises the price target for DEUTSCHE BÖRSE from EUR 230 to EUR 236. Buy. $DB1 (+0,76 %)

⬇️⬇️⬇️

- KEPLER CHEUVREUX lowers the price target for HUGO BOSS from EUR 59 to EUR 41. Buy. $BOSS (-0,07 %)

- BOFA downgrades GENERALI from Neutral to Underperform and raises target price from EUR 26 to EUR 27. $G (+1,5 %)

- DEUTSCHE BANK RESEARCH lowers the price target for L'OREAL from EUR 335 to EUR 280. Sell. $OR (-1,5 %)

- BOFA lowers the target price for BAE SYSTEMS from GBP 13.75 to GBP 12.40. Underperform. $BA. (+0,35 %)

- BERENBERG lowers the price target for ALLGEIER from EUR 22 to EUR 19. Buy. $0RQZ