Time for a dividend pearl $MBG (-2,54 %) from the eurozone, first entry tranche made.
Which (European) vehicle manufacturer would you choose?
Time for a dividend pearl $MBG (-2,54 %) from the eurozone, first entry tranche made.
Which (European) vehicle manufacturer would you choose?
As every Sunday, the most important news from the past week, as well as the most important dates for the coming week.
Also as a video:
https://youtube.com/shorts/98gSyf4ik54?si=lSB_tDY1ht0EYRQS
Monday:
Food prices are rising in China 🇨🇳 and thus increasing inflation. In the first few years after coronavirus, China even had problems with deflation. Even now, inflation is only 0.6%.
Tuesday:
Despite all the crises, more dividends will still be paid out in 2024. 92% of all companies worldwide are likely to increase their dividends. Overall, dividends paid out are likely to rise by 5% to 1.74 trillion US dollars worldwide. The 20 largest dividend payers worldwide in the second quarter include many German 🇩🇪Unternehmen $MBG (-2,54 %) Mercedes (USD 6.1 billion),$ALV (+0,8 %) Allianz (USD 5.8 billion), Deutsche Telekom (USD $DTE (-1,29 %) Deutsche Telekom (USD 4.1 billion) and $BMW (+0,81 %) BMW (USD 3.9 billion). The largest payout was made by $HSBA (+1,51 %) HSBC (USD 11.7 billion). This is followed by the Swiss 🇨🇭Konzern $NESN (-0,89 %) Nestlé (USD 8.7 billion).
The two tech companies $AAPL (+2,87 %) Apple and $GOOGL (+0,99 %) Alphabet must pay billions to the EU. Apple has now suffered a final defeat before the ECJ due to alleged state aid by Ireland. Apple now has to pay 13 billion euros in back taxes plus interest.
Alphabet also lost in court and has to pay a fine of 2.4 billion euros. The reason is that Alphabet probably favored its own price comparison service in search engine advertising.
$BMW (+0,81 %) BMW cuts its targets and recalls 1.5 million cars. The main reason is probably faulty parts from suppliers. BMW is therefore focusing more on monitoring and training suppliers. Instead of 8 - 10 % profit margin, the target is now 6 - 7 %.
$VOW (-0,25 %) VW unilaterally cancels the job guarantee. The termination letters for six collective agreements were handed over to IG-Metall Lower Saxony and Saxony-Anhalt today. Dismissals for operational reasons are possible from July 1, 2025. Previously, job guarantees were in place until 2029, with VW justifying the end with excessively high costs in Germany, which are no longer competitive.
Wednesday:
Heated debate between Trump and Harris. Trump is directly convicted several times by the moderators with false statements. Immediately after the debate, Taylor Swift also speaks out in favor of Harris.
Major insider purchase at $HFG (-3,63 %) Hellofresh, CEO Dominik Richter buys shares for more than 10 million euros.
https://www.boerse.de/nachrichten/EQS-DD-HelloFresh-SE-DSR-Ventures-GmbH-Kauf/36459409
There are many indications of an attempted takeover of $CBK (-1,28 %) Commerzbank by $UCG (+0,49 %) Unicredit buys directly from the German state for more than 700 million euros.
Inflation in the USA falls to 2.5% shortly before the Fed meeting and is thus approaching the 2.0% target. Experts had only expected a fall to 2.6%. Core inflation (excluding food and energy) remained at 3.2%. This should make it clear that the Fed is lowering interest rates. However, the amount of the cut is still unclear.
Thursday:
The ECB cuts the key interest rate by 25 basis points, which is in line with expectations. As a result, there has hardly been any impact on the stock market so far.
Producer prices in the US have risen slightly more than expected. However, the previous month's data was revised downwards slightly. Compared to the same month last year, producer prices rose by 1.7%. Producer prices are a leading indicator for the inflation rate in around 3 months' time.
https://www.ariva.de/news/usa-anstieg-der-erzeugerpreise-schwcht-sich-ab-11369313
Friday:
More and more market participants are expecting a large rate cut of 50 basis points at the Fed decision next week. In the meantime, 47% of interest rate traders believe a rate cut of half a percentage point is likely. If this is indeed the case, there is further upside potential for the markets. On the other hand, if this does not happen, there could be a major sell-off. This decision is therefore likely to move the markets in any case.
Most important dates in the coming week:
Tuesday: 11:00 ZEW Economic Sentiment (DE)
Wednesday: 20:00 Fed interest rate decision (USA)
Thursday: 13:00 BoE interest rate decision (UK)
$BMW (+0,81 %)
$MBG (-2,54 %) fly out of the portfolio in the red.
Reinvestment in $TSLA (+6,49 %)
$PLTR (-1,19 %) and $NKE (+9,5 %) .
Later, the company ventures to enter the market again. Currently, 95% of BMW employees without a permanent contract are being made redundant and the warehouses are half empty.
04.09.2024
US antitrust watchdogs have questions for Nvidia + Sales figures from the semiconductor sector shock investors + Cost savings at VW not a selling point
The dominance in chips for artificial intelligence has made the chip company Nvidia $NVDA (+3,67 %) into the sights of American competition authorities. The US Department of Justice has requested information from Nvidia and other companies with legally binding requests, the financial service Bloomberg reported. The antitrust watchdogs are concerned, among other things, that Nvidia could make it more difficult for customers to switch to the competition, according to sources close to the matter. Nvidia has benefited from the AI boom more than almost any other company. The company's chips have established themselves as the leading hardware for training software with artificial intelligence in data centers. This has brought Nvidia explosive growth in turnover, profit and share price. In addition to the chips, the company also earns money from software. Rivals such as AMD and Intel have so far found it difficult to seriously compete with Nvidia in this business.
Disappointing sales figures from the semiconductor industry sent shockwaves through the sector on Tuesday. Shares in the chip company Nvidia, for example, were hit hard, plummeting by almost seven percent in New York, making them one of the weakest stocks in the Nasdaq 100. The technology-heavy index recently fell by more than two percent. Nvidia shares had already come under heavy pressure recently following a disappointing outlook. Since the beginning of the year, however, they are still up more than 120 percent. This is by far the strongest increase in value of all stocks listed in the Nasdaq 100. In New York, the following also fell ARM Holdings $ARM (+0,8 %) , Intel $INTC (+1,29 %) and KLA Corporation fell between six and seven percent on Tuesday. Among the biggest losers in the leading European index EuroStoxx 50 were ASML $ASML (+4,37 %) fell by 4.4 percent, and in Paris STMicro $STMPA (+3,08 %) fell by 4.6 percent. In Frankfurt Infineon $IFX (+1,56 %) lost 4.7 percent, which put them in last place in the leading Dax index.
Car shares were also weak. The VW share $VOW3 (+0,29 %) slipped by 1.2 percent. The tightening of austerity measures is not seen as a reason to buy. DZ Bank, for example, said that the market's profit estimates for 2024 and 2025 could fall. This is because costs for restructuring and personnel measures could have a negative impact, and the news also implies a weak development of the VW brand. Other car stocks such as Mercedes $MBG (-2,54 %) and BMW $BMW (+0,81 %) fell by up to 1.9 percent.
Wednesday: Stock market dates, economic data, quarterly figures
ex-dividend of individual stocks
Aegon EUR 0.16
Quarterly figures / company dates USA / Asia
22:05 Hewlett Packard Enterprise Quarterly figures
Quarterly figures / company dates Europe
09:30 Volkswagen works meeting at the main plant in Wolfsburg
14:00 Volkswagen Works Council meeting | Logitech H
Economic data