Ferguson Action Forum

Here is a summary of important economic events for the coming week:

Monday, September 25

• Thor Industries Inc.. ($THO (-2,46 %) ) publishes quarterly reports.

• -Publication of the Chicago Fed National Activity Index for August.

• Publication of the Dallas Fed Manufacturing Index for September.

Tuesday, September 26

• Quarterly reports From Costco Wholesale Corp.. ($COST (+0,38 %) ), Cintas Corp. ($CTAS (-0,33 %) ), Ferguson PLC ($FERG ) and Neogen Corp. ($NEOG (-6,17 %) )

• Publication of the S&P Case-Shiller National Home Price Index for July.

• Publication of the FHFA House Price Index for July.

• Publication of the Sales figures for new homes in August.

• Publication of the CB Consumer Confidence Index for September.

• Publication of the Richmond Fed Manufacturing Index for September.

• Publication of the Dallas Fed Services Index for September.

Wednesday, September 27

• Quarterly reports From Micron Technology Inc.. ($MU (-3,75 %) ), Paychex Inc. ($PAYX (+0,21 %) ), Jefferies Financial Group ($JEF (+0,67 %) ), Concentrix Corp. ($CNXC ) and H.B. Fuller Company ($FUL (-1,37 %) ).

Thursday, September 28

• Quarterly Reports From Accenture PLC ($ACN (+1,48 %) ), Nike ($NKE (+0,26 %) ), Jabil Inc. ($JBL (-1,64 %) ), CarMax Inc .. ($KMX (+0,18 %) ), Vail Resorts Inc. ($MTN (+0 %) ) and BlackBerry Ltd.. ($BB (-1,3 %) ).

• Publication of the final GDP for the second quarter of 2023.

• Publication of the final data on real consumer spending in the second quarter of 2023.

• Publication of the sales figures for outstanding homes in August.

• Speech by Fed Chair Jerome Powell at a Town Hall Event.

Friday, September 29

• Carnival Corporation ($CCL (+0,56 %) ) published Quarterly Reports.

• Publication of consumer income and expenditure data in August.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗘𝗹𝗲𝗸𝘁𝗿𝗼𝗮𝘂𝘁𝗼𝘀 𝗮𝘂𝗳 𝗱𝗲𝗺 𝗩𝗼𝗿𝗺𝗮𝗿𝘀𝗰𝗵 / 𝗔𝗱𝗶𝗱𝗮𝘀 𝘂𝗻𝗱 𝗕𝗼𝗿𝗲𝗱 𝗔𝗽𝗲𝘀

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, among others, Ametek ($AME (+1,57 %)), Electronic Arts ($EA (+2,82 %)) and HP ($HPQ (-1,52 %)) are trading ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, among others, Ashtead Group ($AHT (-2,61 %)), AutoZone ($AZO (+0,37 %)) and Ferguson ($FERG) present their figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

Heidelberger Druck ($HDD (+1,17 %)) - Heidelberger Druckmaschinen AG is expanding its range of products and services in the field of electromobility by acquiring the charging column technology of EnBW ($EBK). In addition to the range of charging devices on the wall at home (wallbox), corresponding products for public spaces are added. This is expected to attract new customers from the municipal utility, local authority or corporate sectors. The share was able to rise after this news and is currently at a level of 2.68 euros.

Tesla ($TSLA (-6,59 %)) - Norway is the e-car front-runner. There are 81 e-cars per 1,000 inhabitants and 11,269 new electric vehicles were registered in November, most of which were Tesla models.

In Germany, the number of new registrations also increased, although there is still a lot of catching up to do in terms of network infrastructure.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

Adidas ($ADS (-2,05 %)) - Adidas dives into the metaverse. In early December, adidas Originals confirmed collaborations with Bored Ape Yacht Club (BAYC), NFT comics PUNKS Comic, and crypto investor and NFT collector gmoney. Alongside this, adidas Originals has changed its Twitter profile image to a Bored Ape cartoon with adidas Originals apparel, featuring the PUNKS Comic logo and gmoney's iconography alongside the adidas Originals logo.

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𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗘𝗻𝗲𝗿𝗴𝗶𝗲𝗿𝗲𝗶𝗰𝗵𝗲𝗿 𝗜𝗣𝗢 / 𝗢𝗵𝗻𝗲 𝗛𝗮𝗹𝗯𝗹𝗲𝗶𝘁𝗲𝗿 𝗳𝗮𝗵𝗿 𝗶𝗰𝗵 𝗻𝗶𝗰𝗵𝘁 𝘄𝗲𝗶𝘁𝗲𝗿 / 𝗠𝗲𝗵𝗿 𝗠𝗲𝗱𝗶𝗸𝗮𝗺𝗲𝗻𝘁𝗲 𝗮𝘂𝗳 𝗱𝗲𝗺 𝗠𝗮𝗿𝗸𝘁 / 𝗗𝗮𝘀 𝗴𝗿𝗼𝘀𝘀𝗲 𝗛𝘂𝗻𝗱𝗲𝗿𝗲𝗻𝗻𝗲𝗻

𝗜𝗣𝗢𝘀 🔔

Fluence Energy - The issue price is $28, above the price range of $21 to $24. This puts the joint venture between Siemens ($SIEGY) and AES ($AES (-2,76 %)) raised approximately 1.01 billion euros in the IPO. This gives an enterprise value of $4.6 billion, valuing Siemens' stake at $1.6 billion. Fluence Energy produces giant lithium-ion batteries that play a major role in renewable energy storage.

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, A. O. Smith Corporation ($3SM (-1,89 %)), Carrier ($4PN (+0,62 %)), Ferguson ($FERG), Genesis Energy ($GEL), Levi Strauss & Co. ($LV2B (-0,19 %)), Morgan Stanley ($DWD (-0,61 %)), Signature Bank ($TQJ), Signet Jewelers ($SZ2 (+0,81 %)) and UnumProvident ($UUM (+1,27 %)) traded ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

The reporting season is in full swing and today, among others, Anheuser-Busch InBev ($1NBA (-1,51 %)), Airbus Group ($AIR (-3,24 %)A), Amazon ($AMZ (+1,9 %)), Apple ($APC (+0,17 %)), Caterpillar ($CAT1 (-0,67 %)), Hochtief ($HOT (-0,22 %)), Linde ($LIN), MasterCard ($M41 (+0,06 %)), Merck & Co. ($6MK (-1,64 %)), Moody's ($DUT (-0,32 %)), Panasonic Corp. ($MAT1 (+0,38 %)), Sanofi ($SNW (-0,54 %)), Royal Dutch Shell ($R6C), Sony ($SON1 (-1,67 %)), Starbucks ($SRB (-1,15 %)), Volkswagen ($VOW3 (+0,38 %)) and Wacker Chemie ($WCH (-4,33 %)) presented their figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

VW ($VOW3 (+0,38 %)) - Due to shortages of electronic components and semiconductors, VW has to cut back. Despite red figures in the last quarter at Volkswagen Passenger Cars, Skoda and Seat, the group continues to adhere to its annual targets, as the premium brands Porsche and Audi perform comparatively well. Compared with the same period last year, profits from July to September fell 12 percent to 2.8 billion euros. As with most other automakers, the scarce semiconductors are being used where they promise the most return. As a result, the premium brands Audi and Porsche are not feeling the chip shortage as much as the volume brands.

Sanofi ($SNW (-0,54 %)) - Business at French pharmaceuticals group Sanofi is going from strength to strength. As a result of the better third quarter, management is once again raising the group's annual targets. Compared to the previous year, sales of 10.4 billion euros were generated, which corresponds to an increase of 10 percent. The neurodermatitis drug Dupixent, as well as over-the-counter medicines and the vaccination business, are driving growth. Profit amounted to 2.3 billion euros, 19 percent more than in the same period of the previous year.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

Shiba Inu ($SHIB) - The meme coin has caused a strong stir due to its huge price increase in recent weeks. The coin broke its all-time high again and currently stands at $0.00006743 and a market capitalization of $35.2 billion. For a short time, it even made it to 9th place among the largest cryptocurrencies, overtaking even the legendary Dogecoin. The price of the new meme coin could rise even further as the trading volume could increase even more. The launch of an original $SHIB-NFT series called Shiboshi's could also push the price even higher. These are 10,000 individual pixel images of Shiba-Inus (see image). The cheapest of these NFTs are currently selling on Opensea for the equivalent of $7,480.37.

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