For all those who cannot immediately classify the name: State Street $STT (-0,35 %) is one of the largest asset managers in the world, manages around USD 4 trillion in assets and is the issuer of the well-known SPD ETFs (pronounced SPIDER) - including probably the most famous ETF in the world: SPDR S&P 500 ETF (SPY).

Why buy now?

Dividend: approx. 3.5%, solid distribution history.

Valuation: P/E ratio currently below the industry average - no hype, but substance.

Business model: Earns from fees for the management of ETFs and funds - i.e. they profit from the steady flow of capital into passive investments, regardless of whether there is a bull or bear market.

Stability: Has been on the market for over 200 years, surviving every financial crisis and still standing.

To me, this is an investment in the infrastructure of the financial world - like a toll road operator on Wall Street. The SPDR ETFs keep rolling, and State Street collects the toll. I plan to hold the position long term plus add to ongoing,

and benefit from dividends + price appreciation."

$APO (+0,09 %) and $STT (-0,35 %) have launched the SPDR SSGA Apollo IG Public & Private Credit ETF ($US78470P6227 ). The ETF invests at least 80% of its portfolio in investment grade bonds, including public and private credit, and may hold up to 35% in private securities.

• 0.70% management fee

• Apollo provides liquidity through repurchases of private credit, but with daily limits

• The SEC allows up to 35% illiquid investments instead of the usual 15%

https://www.ssga.com/us/en/intermediary/etfs/spdr-ssga-apollo-ig-public-private-credit-etf-priv

The week will be pure entertainment.

Monday:

• Release of the Empire State Manufacturing Index (July)
• Start of the Republican National Convention
• Statements by FED Chair Jerome Powell and San Francisco
  Fed President Mary C. Daly
• Quarterly results from Goldman Sachs ($GS (-0,21 %) ), BlackRock ($BLK ) and Servis1st Bancshares ($SFBS )

Tuesday:

• Start of the ⚠️Amazon Prime Day⚠️
• Continuation of the Republican National Convention
• Publication of retail sales (June), business inventories (May), import/export prices (June) and the real estate market index (July)
• Quarterly results from UnitedHealth ($UNH (-0,73 %)), Bank of America ($BAC (-0,21 %)), Morgan Stanley ($MS (-0,08 %)), Charles Schwab ($SCHW (-0,05 %)), PNC Financial ($PNC (-1,13 %)), State Street ($STT (-0,35 %)) and J.B. Hunt Transport ($JBHT (-1,58 %))
• Statements by FED Governor Adriana Kugler

Wednesday:

• End of of the ⚠️Amazon Prime Day⚠️
• Continuation of the Republican National Convention
• Publication of housing data (June) and industrial production (June)
• Publication of the FED Beige Book
• Quarterly results from Johnson & Johnson ($JNJ (-0,95 %)), US Bancorp ($USB (-0,48 %)), Kinder Morgan ($KMI (+0 %)) and Discover Financial Services ($DFS)

Thursday:

• Publication of the weekly Jobless Claims (until July 13)
• Publication of of the Philadelphia Fed Manufacturing Index (June)
• Quarterly results from TSMC ($TSM (+0,99 %)), Netflix ($NFLX (+0,2 %)), Novartis ($NVS (-0,46 %)), Abbott ($ABT (-0,37 %)), United Airlines ($UAL (+0,71 %)) and Intuitive Surgical ($ISRG (-0,51 %))
• ⚠️Abschluss of the Republican National Convention with speeches by Donald Trump (not sure)⚠️

Friday:

• Quarterly results from American Express ($AXP (+1,19 %)), Travelers Cos. ($TRV (-1,17 %)), Halliburton ($HAL (+0,89 %)), Fifth Third Bancorp ($FITB (+0,2 %)), Huntington Bancshares ($HBAN (-0,26 %)) and Regions Financial ($RF (+0 %))
• Statements from New York
  FED President
  John C. Williams and Atlanta Federal Reserve President Raphael Bostic

The market overview for 🇺🇸 & 🇪🇺:

US MARKET🇺🇸

Monday

• PACS Group ($PACS) and UL Solutions ($ULS) have potential IPOs.
• Neel KashkariPresident of the Minneapolis Fed, delivers remarks.

Tuesday

• Release of the NFIB Small Business Optimism Index (March).
• Quarterly reports from WD-40 ($WDFC (-2,1 %) ) and Tilray Brands ($TLRY (+7,44 %) ).

Wednesday

• Publication of the consumer price index (March).
• Publication of the wholesale stocks (March).
• Publication of the minutes of the March meeting of the Federal Open Market Committee (FOMC).
• Publication of the monthly federal budget of the USA (March).
• Speeches by Austan GoolsbeePresident of the Chicago Fed.
• Quarterly reports from Delta Air Lines ($DAL (+0,68 %) ) and Applied Digital ($APLD (+1,07 %) ).

Thursday

• Publication of the initial applications for unemployment benefits (April 5).
• Publication of the producer price index (March).
• Speeches by John C. Williams, President of the New York Fed, and Raphael BosticPresident of the Atlanta Fed.
• Quarterly reports from Constellation Brands ($STZ (-0,77 %) ), Fastenal ($FAST (+0,56 %) ) and CarMax ($KMX (-0,22 %) ).

Friday

• Publication of the preliminary Michigan Consumer Sentiment Index (April).
• Speeches by Raphael Bostic, President of the Atlanta Fed, and Mary C. DalyPresident of the San Francisco Fed.
• Quarterly reports from JPMorgan Chase ($JPM (+0,21 %) ), Wells Fargo ($WFC (-1,37 %) ), BlackRock ($BLK ), Citigroup ($C (-0,78 %) ), State Street ($STT (-0,35 %) ) and Progressive ($PGR (+0,26 %) ).

EUROPEAN MARKET🇪🇺

Monday

• Publication of Industrial Production Index🇪🇺

Tuesday

• ZEW Economic Sentiment🇩🇪 will be published
• Quarterly reports from Ericsson ($ERIC A (-0,87 %) )🇸🇪, Beiersdorf AG ($BEI (+0,55 %) )🇩🇪, Sika ($SIKA (+0,2 %) )🇨🇭, Rio Tinto PLC ($RIO (+0,76 %) )🇬🇧

Wednesday

• Release of CPI data🇪🇺
• Quarterly reports from Hays ($HAS (-0,69 %) )🇬🇧, Petershill Partners ($PHLL (-0,72 %) )🇬🇧, Just Eat Takeaway ($TKWY (+0,07 %) )🇬🇧, Entain ($ENT (+0,71 %) )🇬🇧, La Francaise ($FDJ (-0,14 %) )🇫🇷, Legal & General ($LGEN (-0,5 %) ), Tryg ($TRYG (-0,35 %) )🇩🇰, BHP Group Ltd ($BHP (+0,34 %) )🇬🇧, ASML Holding ($ASML (-0,76 %) )🇳🇱Volvo B ($VOLV B (+0,55 %) )🇸🇪, Severstal ($CHMF )🇷🇺

thursday

• Publication of Construction Output🇪🇺
• Quarterly reports from Danone ($BN (-1,17 %) )🇫🇷, Nokia Oyj ($NOKIA (+0,35 %) )🇫🇮, Tele2 AB ($TEL2 B (-0,05 %) )🇸🇪

Share analysis/share presentation ⬇️

Today we are talking about the company State Street: $STT (-0,35 %)

What is State Street and what does it do?

State Street is a financial services company that specializes in investment management and investment servicing. They work with institutional investors and offer services such as asset management, risk management and securities lending. As a custodian bank, they manage assets and provide safekeeping. State Street also helps clients implement investment strategies and offers investment management services. Overall, State Street is a major player in the financial industry and offers a wide range of services to institutional investors.

Market Capitalization:

State Street currently has a market capitalization of around EUR 21.6 billion.

Strengths of the share:

Some of State Street's strengths:

- Experience and Reputation: Founded in 1792, State Street has a long history in the financial industry. They have built a reputation as a trusted and reliable partner for institutional investors.

- Broad range of services: State Street offers a variety of services including asset management, risk management, securities lending and custodial services. This broad range of offerings enables them to meet the diverse needs of their clients.

- Technological innovation: State Street has positioned itself as a pioneer in the use of technology to provide innovative solutions for their clients. They continuously invest in the development of new technologies and rely on mobile applications and digital platforms to provide their clients with an efficient and user-friendly service.

- Global presence: State Street operates globally and has an extensive network of offices and partners. This global presence enables them to offer their services internationally and help their clients succeed in global markets.

- Focus on sustainability: State Street has a strong focus on sustainability and pursues a long-term, responsible investment strategy. They consider environmental, social and governance factors in their investment decisions and are committed to sustainable development.

Share weaknesses:

Here are some of State Street's weaknesses:

- Dependence on institutional investors: because State Street focuses primarily on institutional investors, there is some dependence on these clients. If the investment behavior or needs of these clients change, this could have an impact on State Street's business.

- Competition in the financial industry: The financial industry is highly competitive, and State Street competes directly with other financial services companies. Competition may result in State Street losing market share or being forced to offer its services at lower prices.

- Dependence on technology: Although State Street is considered a technological pioneer, there is always a risk of technical problems or security breaches. A failure of its systems or a loss of confidence in the security of its technology could affect client confidence.

- Regulatory risks: The financial industry is subject to strict regulation and State Street must ensure that it complies with all regulatory requirements. Changes in or violations of regulations could result in legal consequences and adversely affect State Street's business.

A little more about the business model:

State Street is a global leader in financial services, providing a variety of services to institutional investors. The company specializes in three main areas: Asset Management, Securities Services and Investment Research.

In asset management, State Street offers a wide range of investment products and solutions, including mutual funds, ETFs and customized investment strategies. The firm works closely with its clients to understand their specific investment objectives and help them effectively manage and optimize their portfolios.

In the area of securities services, State Street provides comprehensive services to institutional investors, including custody and administration of securities, transaction processing, risk management and regulatory compliance support. The company has an advanced technological infrastructure that enables it to provide efficient and reliable services.

In addition, State Street has developed strong expertise in the area of investment research. The company has a team of experienced analysts and researchers who provide market analysis, investment strategies and insights into various asset classes. These research services help State Street's clients gather information and make informed investment decisions.

A key area of focus for State Street is sustainability. The firm is committed to integrating ESG (Environmental, Social, Governance) factors into its investment strategies and promoting sustainable investing. State Street supports its clients in making responsible investment decisions and creating long-term value.

A little more about the industry:

State Street's industry is the financial services industry. State Street is a leader in this field, providing comprehensive services to institutional investors, including asset management, securities services and investment research. The company has strong expertise in asset management and helps its clients optimize their portfolios. State Street also places great emphasis on sustainability and promotes responsible investment.

When and where was State Street founded?

State Street was founded in Boston, USA in 1792. The company has a long history in the financial services industry and has been active for over 200 years. Since its founding, State Street has expanded its business worldwide and is now a global company with offices in several countries. The founding of State Street marked the beginning of a successful journey in which the company consolidated its position as one of the leading providers of financial services.

State Street's goal:

State Street's mission is to help its clients achieve their financial goals and manage their wealth effectively. The company strives to provide innovative solutions to meet the needs and challenges of its clients in the ever-changing financial world. State Street places great emphasis on transparency, integrity and acting responsibly. It works closely with its clients to develop customized solutions tailored to their needs. In addition, State Street is committed to sustainability and promotes responsible investing to create long-term value for its clients and society as a whole.

Your opinion:

Now I would like to hear your opinion on this stock in the comments.

I personally find the company very interesting and will continue to monitor it. It was an unknown company to me until recently, but that's exactly why I wanted to introduce the share to you.

What do you think of State Street and were you already familiar with this company?

Do you perhaps already have the share in your portfolio?

Please let me know in the comments.

This is of course not investment advice but just my own opinion that I would like to share with you.

Hopefully a few more pieces will be added. And hopefully it will go down again.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗗𝗶𝗲 𝗺𝗼𝗯𝗶𝗹𝗲 𝗭𝘂𝗸𝘂𝗻𝗳𝘁 / 𝗗𝗮𝘀 𝗻𝗲𝘂𝗲 𝗠𝗲𝘁𝗮𝘃𝗲𝗿𝘀𝘂𝗺 / 𝗗𝘂𝗿𝗰𝗵 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝘄𝗶𝗿𝗱 𝗻𝗶𝗰𝗵𝘁 𝗻𝘂𝗿 𝗔𝗻𝗹𝗲𝗴𝗲𝗿𝗻 𝘄𝗮𝗿𝗺 𝘂𝗺𝘀 𝗛𝗲𝗿𝘇

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, AZZ Inc. ($AI7 (-1,25 %)), Rothschild & Co SCA ($13F), Horizon Technology Finance Corporation ($HRZN), Civista Bancshares Inc ($CIVB (-0,56 %)) and Morningstar Inc ($MRS (-1,75 %)) are trading ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, CLP Holdings ($CLPHY), Philips N.V. ($PHI1 (-0,88 %)), Sandvik AB ($SDVKY), Severstal ($RTS2), State Street Corp. ($ZYA (-0,35 %)) and Zions Bancorporation ($ZB1 (-0,82 %)) presented their figures.

𝗜𝗣𝗢𝘀 🔔

GitLab - The code-sharing company whose software competes with Microsoft's ($MSF (+0,32 %)) GitHub, had a very successful IPO last Thursday. In total, the company was able to raise $650 million for its IPO. After this very big success, the share price rose by a whopping 35% in a very short time. After a starting price of 77 US dollars per share, the price at the close of trading was 103.89 US dollars per share. As a result, the value of the company rose from the original 11 billion US dollars to 14.9 billion US dollars in a single day.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

eFuels - A mix of technologies will most likely be used for the future of energy sources, including hydrogen but also synthetic fuels. There are already German companies dedicated to the extraction of eFuels. Sunfire is involved in a project in Norway and Porsche ($POAHY (+0 %)) is working together with Siemens ($SIE (+1,95 %)) in Chile on a production plant that is expected to produce 550 million liters of fuel per year.

The key obstacle to synthetic fuels is the amount of energy required, which thereby also increases the price of eFuel and makes it uncompetitive. However, in regions with strong winds or long hours of sunshine, things may be different. The clear advantages of these fuels are the use of an existing infrastructure and the storage capability. This makes eFuels useful as an additional energy source, even in the long term.

Facebook ($FB2A (+0,03 %)) - The Group wants to build a "metaverse" with the help of 10,000 highly skilled jobs to be created in Europe over the next 5 years. This virtual world sees itself as a fusion of augmented and virtual reality with physical reality. This "metaverse" is not intended to have an owner or proprietor, but to be openly accessible and usable, similar to the Internet.

The situation surrounding Facebook is delicate; in the USA and in the European Union, further regulations and even a split-up of the group are being discussed.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

MintGreen - The Canadian crypto mining company, which aims to mine cryptocurrencies under environmentally friendly and sustainable conditions, plans to provide heat to more than 100 residential and commercial buildings in the coming year. This will affect approximately 155,000 residents in the northern part of the city of Vancouver, according to the company's statements. Furthermore, the company stated that it is possible to recover over 96% of the electricity required for mining in the form of thermal energy. With this technical solution, it would be possible to prevent 20,000 tons of greenhouse gases per megawatt from being emitted into the atmosphere.