Ericsson Action Forum

Largest European tech stocks by market capitalization

SAP € 259 billion $SAP (-0,4 %)

ASML € 253 billion $ASML (-0,38 %)

ARM Holdings € 160 billion $ARM (-1,08 %)

NXP Semiconductors € 54 billion $NXPI (-0,46 %)

Dassault Systèmes € 44 billion $DSY (-0,67 %)

Infineon € 40 billion $IFX (-0,83 %)

Capgemini € 32 billion $CAP (+0,34 %)

ASM International € 26 billion $ASM (-1,38 %)

Ericsson € 26 billion $ERIC B (+0,31 %)

Hexagon € 23 billion $HEXA B (-2,91 %)

Nokia € 22 billion $NOKIA (-0,81 %)

STMicroelectronics € 22 billion $STM (-2,37 %)

Logitech € 12 billion $LOGN (-1,67 %)

Sage Group € 12 billion $SGE (+1,12 %)

>> Which ones are you invested in and how are they performing? Most of these European tech stocks can be found in the iShares MSCI Europe Information Technology - ETF, WKN: A2QBZ3

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16.10.2024

Relief rally for airlines thanks to oil price + ASML more pessimistic for 2025 after disappointing order intake + Adidas and Puma in demand - strong quarterly figures expected + LVMH records a decline in sales in the third quarter + Ericsson share price jumps after figures

Airline shares were among the day's winners. Oil prices fell by up to 5 percent at the peak, leading to a relief rally. Lufthansa $LHA (+0,59 %) rose by 3.2 percent. Oil prices were driven by reports that Israel would not target oil facilities in the event of a retaliatory attack on Iran. In the DAX MTU $MTX (-0,88 %) jumped to an all-time high with a 4.9 percent gain. As hoped, the engine manufacturer raised its annual profit forecast slightly to over 1 billion euros.

The chip supplier ASML $ASML (-0,38 %) is taking a more cautious view of 2025 after a disappointing order intake. The company announced on Tuesday that net sales are likely to be between 30 and 35 billion euros. ASML had previously expected 30 to 40 billion euros. Analysts previously expected an average of 36 billion euros. The gross margin is now expected to be 51 to 53 percent, compared to 54 to 56 percent previously. Market expectations had previously been just under 54 percent.

The shares of the sporting goods manufacturers Adidas $ADS (-1,81 %) and Puma $PUM (+0,67 %) posted above-average gains on Tuesday. Stock expert Frederik Altmann from Alpha Wertpapierhandel saw several reasons for this, even though "there is no solid news on the day". Strong quarterly reports are expected from both companies. In addition, both stocks are "China plays". The hope that the announced economic stimuli could rekindle consumer sentiment in China is also driving these two stocks. While Adidas rose by 1.4 percent to 239.90 euros in the Dax, Puma rose by 3.1 percent to 37.13 euros in the MDax. With a view to the upcoming quarterly figures, there was a positive commentary on Puma from Deutsche Bank in addition to an outlook from Metzler Bank. The bank reiterated its buy recommendation and expects the figures expected on November 6 to be a price driver. Adidas plans to report on the past quarter on October 29 - and could also surprise positively, as Warburg Research expects.

LVMH $MC (-2,6 %) recorded a 4.4% drop in sales to 19.08 billion euros in the third quarter, which fell short of analysts' expectations. The shares of the luxury goods group fell by around six percent in after-hours trading. Luxury goods stocks such as Hermes, LVMH and Kering record losses of up to 3.5% in the EuroStoxx 50 due to concerns about the Chinese market. Richemont and Swatch in Zurich also lose 3.1% and 1.4% respectively.

The shares of Ericsson $ERIC B (+0,31 %) rose significantly in early trading on Tuesday. The shares of the Swedish network equipment provider recently gained 8.5%. The stock thus continued the upward trend of the previous months at an accelerated pace. Just under a year ago, Ericsson achieved a technical turnaround, as a result of which the share price has almost doubled to date. In an initial assessment, analysts at Goldman Sachs spoke of slightly better than expected figures in the third quarter, but of a cautious outlook for the fourth quarter. The analysts at JPMorgan identified as a positive aspect that the better than expected figures were primarily due to the favorable shift in the composition of sales towards the USA. Another positive aspect was the improved free cash flow, which had increased further

Wednesday: Stock market dates, economic data, quarterly figures

Quarterly figures / company dates USA / Asia

12:45 U.S. Bancorp quarterly figures

13:30 Morgan Stanley | Abbott Labs quarterly figures

22:10 Alcoa quarterly figures

Quarterly figures / Company dates Europe

07:15 ASML quarterly figures | Just Eat Takeaway Trading Update 3Q

10:00 Swiss Re: Industry meeting in Baden-Baden (Call 10 a.m.)

No time specified: British American Tobacco Capital Markets Day

Economic data

• 08:00 UK: Consumer Prices September | Producer Prices September (Output) FORECAST: -0.3% yoy/-0.6% yoy previous: -0.4% yoy/+0.2% yoy
• 14:30 US: Import and export prices September import prices FORECAST: -0.3% yoy previous: -0.3% yoy

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗘𝗿𝘀𝘁 𝗶𝗣𝗵𝗼𝗻𝗲 𝗷𝗲𝘁𝘇𝘁 𝗘-𝗔𝘂𝘁𝗼 / 𝗙𝗿𝗶𝘀𝗰𝗵𝗲𝘀 𝗚𝗼𝗿𝗶𝗹𝗹𝗮𝗳𝘂𝘁𝘁𝗲𝗿 / 𝗕𝗶𝘁𝗰𝗼𝗶𝗻-𝗘𝗧𝗙 𝗶𝘀𝘁 𝗱𝗮

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, Atlas Corp. ($ATCO), Costamare Inc. ($LCM (-1,33 %)), Herc Holdings Inc. ($H9B1 (+0,92 %)), CBRE Global Real Estate Income Fund ($IGR) Lowe's Companies Inc. ($LWE (+2,33 %)), High Income Securities Fund ($PCF), Tekla Healthcare Opportunities Fund ($THQ) and Tekla World Healthcare Fund ($THW) traded ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, America Movil ($MV9), Bank of New York Mellon ($BN9 (+0,21 %)), Canadian National Railway Co. ($CY2 (-1,27 %)), China Overseas Land & Investment LtdShs ($CPP (-3,86 %)), Deutsche Börse AG ($DBOEY), Dover Corp ($DOV (+0,66 %)), Entra ASA Unitary ($2EN (+1,89 %)), Telefon AB L.M.Ericsson ($ERCB (+0,31 %)), Fifth Third Bancorp ($FITBI), Halliburton Co. ($HAL (-0,29 %)), Hindustan Unilever Ltd. ($N/A), Intuitive Surgical Inc. ($IUI1 (+2,71 %)), Johnson & Johnson ($JNJ (+0,03 %)), Kansas City Southern ($KCY), Netflix Inc. ($NFC (+0,37 %)), Omnicom Group Inc. ($OCN (+0,85 %)), Philip Morris Inc. ($4I1 (+1,85 %)), Procter & Gamble Co. ($PRG (+3,31 %)), Synchrony Financial ($SFE (-0,52 %)), Tele2 AB ($NCYD (+0,23 %)), Telekom Austria AG ($TKAGY), Travelers Inc. ($PA9 (+2,63 %)) and United Airlines Holdings Inc. ($UAL1 (+3,22 %)) presented their figures.

𝗜𝗣𝗢𝘀 🔔

Kotyark - From October 21 to 25, the company plans to launch its IPO. The biofuel production company was established in 2016 with SItz in Vadodara (India). They serve renewable green energy and sustainable development of renewable natural resources (biofuels) and through the use of environmentally friendly technologies, the net reduction of greenhouse gas emissions for use in a vehicle for public and private transport and various equipment and gene sets.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

Foxconn ($0FJ (+0,99 %)) - The Taiwanese company not only wants to make smartphones like the iPhone for Apple ($APC (+0,65 %)), but now also to produce electric cars. In the process, cars are to be manufactured for a wide variety of companies, which can be adapted to the wishes of the clients. Three different models were presented: a sedan, an SUV and a bus. The sedan is expected to have a range of up to 750 kilometers, the bus a little under 400 kilometers.

Due to this announcement, rumors about a possible electric car from Apple are getting louder.

Delivery Hero ($DHER (-1,16 %)) + 🦍 - Delivery Hero has acquired eight percent of Berlin-based start-up Gorillas with a stake of $235 million. In addition to Tencent ($NNND (-4,51 %)), Gorillas has now also been able to win Delivery Hero as an investor. After this investment round, the company's value rose to 2.1 billion US dollars ("pre-money valuation").

𝗖𝗿𝘆𝗽𝘁𝗼 💎

ProShares Bitcoin Strategy ETF - The futures-based bitcoin ($BTC-EUR (+3,3 %)) ETF celebrates its debut on the New York Stock Exchange today. In doing so, investors can participate in bitcoin without having to physically hold it.

Square ($SQ3 (+6,29 %)) - CEO Jack Dorsey announced plans to mine for bitcoin ($BTC-EUR (+3,3 %)) to mine. The main focus is to be on transparency. According to the CEO, the power of Bitcoin lies in its decentralization, which is to be expanded and promoted.