Tuesday:

Aliko Dangote is taking his oil refinery public. It is the largest in Nigeria and could now be expanded to become one of the largest in the world. The company benefited from the kerosene shortage in the first half of the year and posted a profit of about 1.8 billion USD.

https://www.tagesschau.de/wirtschaft/energie/oel-boom-nigeria-100.html

Thursday:

U.S. Treasury yields reach new record highs, which also drives up yields in Germany, the U.K., and Japan. The level is now so high that it is weighing on other asset classes, such as stocks.

https://www.handelsblatt.com/finanzen/maerkte/anleihen/anleihemarkt-ausverkauf-bei-us-anleihen-erfasst-den-gesamten-bondmarkt/100256963.html

$NVDA (-1,52 %) NVIDIA is now valued at a P/E ratio of just 18—the company hasn’t been this cheap since the 2010s. However, NVIDIA’s margins are so exorbitantly high that many market participants do not believe they can be sustained. Therefore, while the 18 P/E ratio appears cheap, it could rise significantly if margins were to fall sharply.

https://www.handelsblatt.com/finanzen/anlagestrategie/kolumnen/aktien-nvidia-ist-so-billig-wie-seit-mehr-als-zehn-jahren-nicht-mehr/100256080.html

Friday:

$BAS (+0,72 %) BASF is planning to acquire its competitor $EVK (+0,42 %) Evonik. As is almost always the case with takeovers, the shares of the target company react very positively, while the buyer’s shares fall. So far, there has been no concrete offer, only initial contact with banks.

https://www.handelsblatt.com/unternehmen/industrie/chemie-basf-arbeitet-an-uebernahme-von-evonik/100257452.html

My 2nd derivative trade worked out $EVK (+0,42 %) . The war in the Gulf and the outages have led to a severe shortage of methionine. $EVK (+0,42 %) Barclays holds 45% of its share outside Asia and can therefore guarantee security of supply for Europe and the USA. Barclays expects an uplift in EBITDA of € 580 million in 2026 due to the higher price level.

Where are the highest dividends expected to be paid in Germany in 2026?

The editors of "Welt | Alles auf Aktien" have looked into the question. Here is an excerpt:

Overall, the total dividend payout in Dax and MDax will probably decline overall in 2026. One of the main reasons for this is the weak earnings performance in the automotive industry, which is an important dividend payer.

The amounts that German companies will pay out in 2026 have only been determined in a few cases.

The highest payout in 2026 can be expected from the RTL Group
$RTLL (+0,66 %) can be expected. According to analysts, shareholders of the media group can expect a credit of 3.19 euros per share next year, which corresponds to a yield of 9.6 percent based on the current share price. This does not yet include the expected five-euro special dividend resulting from the sale of RTL Nederland. Incidentally, RTL was already one of the top dividend payers this year, with an additional 23 percent share price gain.

Shareholders of Evonik Industries $EVK (+0,42 %) can also hope for more than nine percent. The Essen-based company is so stable in its niches that it has been able to maintain its dividend at EUR 1.17 for four years. Overall, they are the market leader in 20 different areas. In 2026, too, there will be 1.17 euros per share, which would be a current yield of 9.1 percent at the current share price.

Another dividend pearl is Freenet $FNTN (-0,22 %). The mobile operator is a favorite of dividend collectors. Experts say it will probably pay 2.10 euros per share in 2026. That would be 7.5 percent. This year, the share price has risen slightly in addition to the generous dividend.

The same cannot be said for the next dividend share: Ströer $SAX (-1,18 %). Not only did the operator of outdoor and online advertising lose a lot in 2025, the share price has not budged for ten years. In this case, the dividend yield of 6.3 percent is little consolation.

The last dividend pearl is BASF $BAS (+0,72 %). The company was once the largest chemical group in the world, but here too - if you look at the share price - there has been no progress and no growth for more than ten years. At least the Ludwigshafen-based company will be able to keep its dividend stable in 2026, according to analysts. That would be 2.25 euros per share, or a good five percent current yield.

Source text and image, "Welt", 09.12.25

November was once again a classic "rollercoaster month" - with a fortunately positive outcome. We started with a portfolio performance of -3% and then rose to +5% in the middle, then fell again to -2% and closed the month with around +8%! For the portfolio, this means that we have reached a new all-time high! 👍🏼

Start: 1,148,200 euros

End: 1,253,497 euros + 19,000 cash

Deposit: 30,000 euros

Profit: +94,297 euros (+8.2%)

Once again this month (as in October), my two gold positions were mainly responsible for the volatility, as they now account for 44% of my portfolio - but hey, I'm still convinced that there's a lot of potential in these stocks. So the rollercoaster will continue... 🎢

One of my less heavily weighted mining stocks, $SCZ (+0 %) SantaCruz Silver Mining, I sold completely on Friday after disappointing quarterly figures. Although the share is being driven by the strong silver price, this can quickly go in the other direction if the support falls away. The bottom line was a gain of +12% after only 6 weeks. We can be satisfied with that. I only have a total of 4 mines left in my portfolio: $KNT (-1,05 %)
$EQX (-0,7 %)
$BTO (+1,95 %) and $ESM (+3,11 %) .

Otherwise, I used the month to buy stocks that had fallen out of favor but that I am still convinced of. These include $PYPL (-0,42 %)
$NOVO B (-1,65 %)
$1810 (-2,52 %) (Xiaomi) $GLJ (+1,47 %) (Grenke), $LXS (+1,74 %) and $EVK (+0,42 %) have been. Novo-Nordirsk in particular presented a great opportunity a few days ago when the share price briefly plummeted by 10% without justification. 📉

At the same time, I was also able to realize a few profits. I took the opportunity to sell some of my Puma shares after the takeover rumors and at the beginning of the month I also sold Lufthansa, BHP Billiton and a small amount of Western Union (which has already been bought back at a lower price). 📈

I currently hold 19,000 euros in cash again and am waiting for the next opportunities! 💵

➡️🆓: On my way towards 4 million total assets, the target achievement rate is now 42.3%. 😊

Let's see how November turns out. As always, it remains exciting!

Since September 1999, Bankhaus Metzler has published a list of ten German shares that it recommends for the following quarter. Since then, this top ten list has achieved a return of more than 600 percent. In the same period, Germany's leading index, the Dax, gained around 350 percent.

The research team has now published the top 10 for the third quarter.

• 4 DAX stocks

$DB1 (+1,05 %)
$MUV2 (+0,18 %)
$SIE (-1,31 %)

• 3 MDAX stocks

$BC8 (-1,06 %)
$EVK (+0,42 %)
$JUN3 (+0,78 %)

• 2 SDAX stocks

$BFSA (-0,15 %)
$VOS (+2,05 %)

• 1 stock outside the indices

$IVU (+0,75 %)

Source: Handelsblatt, 04.07.25

$EVK (+0,42 %) is unfortunately not at its best at the moment, like so many other companies.

Personally, however, I have to say that I am quite optimistic about Evonik's future. I think the restructuring and reallocation of investments that Evonik is currently planning and already implementing is a good opportunity to become one of the top chemical companies in a few years' time. In a world where the demand for resources is pushing the limits every year, a company that focuses on sustainable product development is a goldmine.

With a little good leadership and confidence in the plan, Evonik can turn the tide. Nevertheless, one should not count one's chickens before they hatch. Evonik still has a long way to go and a lot can still happen. I will keep an eye on the share and base my decisions on my observations. That's my opinion, let me know what you think.

The German bank has now also used the coalition agreement and the associated special fund as the basis for a list of recommendations.

The result is a list of 10 potential profiteers.

The result:

$CBK (-0,67 %) - Commerzbank

$ENR (-0,89 %) - Siemens Energy

$VOS (+2,05 %) - Vossloh

$HEI (+0,77 %) - Heidelberg Materials

$EVK (+0,42 %) - Evonik

$KGX (+0,57 %) - Kion

$BC8 (-1,06 %) - Bechtle

$COK (+0 %) - Cancom

$VOW (+2,08 %) - Volkswagen

$PAL (+1,88 %) - Palfinger

Source: "Welt"

I was inspired by a Focus Money article and because many people here are asking.

I won't be investing myself, it's too short-term for me. But there are still some very interesting companies.

Feel free to write in the comments whether such "copied articles" are of any use to the community or are legally correct :)

The signs of a peace process in Ukraine are solidifying. This is triggering a run on the stock market for shares that could benefit from reconstruction

Regardless of the political interpretation, the stock market has been turning its back on the war for several days now and is betting on the coming peace. Stocks that are likely to benefit from the reconstruction in Ukraine have soared. The UBS Ukraine Reconstruction Index, which comprises 25 of these stocks, has been climbing for days and is at an all-time high. "The effects of a possible ceasefire in Ukraine are still being underestimated on the financial markets," says Bernd Meyer, Chief Investment Strategist and Head of Multi Asset at Berenberg, who is convinced that the rally will continue. Reconstruction requires enormous resources. According to estimates by the World Bank, the costs for this amount to a total of 500 billion dollars - the equivalent of Austria's gross domestic product and more than three times Ukraine's annual economic output before the war. The money is likely to benefit construction companies, suppliers, infrastructure companies and banks in particular. European companies could be the main beneficiaries - especially from neighboring countries such as Poland and Hungary, but also the Czech Republic, Austria and Germany.

With Wärtsilä $WRT1V (+1,96 %) a provider of technologies for the shipping and energy markets, and Konecranes $KCR (+0,94 %) a manufacturer of industrial cranes and drive technology, Finnish companies are also on the list of potential peace beneficiaries - as are Italian companies such as the cement and building materials manufacturer Buzzi $BZU (+3 %) The list is long. There is a great need for building materials, steel and cables to restore the destroyed infrastructure and energy supply. There is still no thematic fund or ETF on the beneficiaries of the reconstruction in Ukraine. Investors who want to benefit from this are therefore well advised to combine several securities into a portfolio themselves.

Banks: Erste Group Bank $EBS (-0,73 %) Powszechna K. Osz $PKO (-0,33 %) Santander Polska $SPL (+0,9 %) Polska K. Opieki $PEO (+0 %) Raiffeisen Bank Int.$RBI (+1,16 %)

Construction: Wienerberger $WIE (+0,59 %) Sniezka Construction $SKA Strabag $STR (-1,08 %)

Insulation: Kingspan Group $KRX (-1,23 %) Rockwool $ROCK B

Glass: Cie de Saint-Gobain $SGO (-0,06 %)

Cranes: Konecranes $KCR (+0,94 %)

Cement: CRH $CRH (+1,43 %) Buzzi $BZU (+3 %) Holcim $HOLN (-0,56 %) Heidelberg Mat. $HEI (+0,77 %)

Construction machinery: Caterpillar $CAT (-0,94 %)

Mining: Ferrexpo $FXPO (-3,64 %) Metso $METSO (+0,12 %)

Chemicals: BASF $BAS (+0,72 %)

Industrial gases: Air Liquide $AI (-0,88 %)

Infrastructure: Schneider Electric $SU (-3,1 %) Rexel $RXL (+1,25 %) Wärtsilä $WRT1V (+1,96 %) Weir Group $WEIR (+1,92 %)

Infrastructure (E): Siemens Energy $ENR (-0,89 %) Prysmian $PRY (-3,2 %) NKT $NKT (-1,33 %) Nexans $NEX (+0 %)

Agriculture: Kernel $KER (-0,17 %)

Logistics(warehouse): Kion $KGX (+0,57 %)

Steel: Arcelor Mittal $MT (-0,14 %) and for stainless steels Outukompu $OUT1V (+0,8 %)

Sanitary technology: Geberit $GEBN (-0,74 %)

Specialty chemicals: Evonik $EVK (+0,42 %) Arkema $AKE (-1,24 %) Wacker Chemie $WCH (-0,73 %) Lanxess $LXS (+1,74 %)

⬆️⬆️⬆️

- BERNSTEIN raises the price target for MOLLER-MAERSK from DKK 9650 to DKK 9700. Underperform. $AMKBY (+1,24 %)

⬇️⬇️⬇️

-JPM Securities downgrading $GOOGL (-2,33 %)

-JPM Securities downgrading $UBER (-1,65 %)

- BERENBERG lowers the price target for EVONIK from EUR 20 to EUR 18. Hold. $EVK (+0,42 %)

- BERNSTEIN lowers the target price for DHL GROUP from EUR 42.50 to EUR 41. Outperform. $DHL (+1,37 %)

- JEFFERIES lowers the target price for LINDE from USD 550 to USD 522. Buy. $LIN (+0,86 %)

- $SOFI (-3,5 %) Keefe, Bruyette & Woods Downgrades to Underperform PT to $7 from $8

-UBS starting the year again with some negative data for $AAPL (+0,25 %) naming China an issues

The existing position is reduced in price.