Prudential Finl Action Forum

On the hit list 🎯

My investment case for $PRU was clear when I struck in the middle of the 2020 Corona tumult. > 7% dividend yield, > 10% dividend growth, upside potential.

2 years and ~100% share price gain later, I assess the situation differently. After the price has normalized, no big jumps are to be expected here. However, there is another reason why the stock is now on my hit list.

I took a good look at the numbers and capital disposition decisions over the 2 years. In each of the 2 years of holding, the dividend has only been increased by about 4%, which falls far short of my criteria for a good (dividend) growth investment. Therefore, I will soon trim my position by 50% - to the level of my capital investment at the time.

Nevertheless, to keep my exposure to the financial sector stable, but to diversify more towards (dividend) growth, I have already opened a position in JPMorgan at about the level of my targeted sale of $PRU (-0,98 %) opened.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗩𝗼𝗻𝗼𝘃𝗶𝗮 𝘀𝗮𝗺𝗺𝗲𝗹𝘁 𝗞𝗮𝗽𝗶𝘁𝗮𝗹 𝗲𝗶𝗻 / 𝗗𝗲𝘂𝘁𝘀𝗰𝗵𝗲 𝗜𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻 𝘀𝘁𝗲𝗶𝗴𝘁 / 𝗖𝗮𝘁𝗵𝗶𝗲'𝘀 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗧𝗿𝗮𝘂𝗺

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, among others, Intesa Sanpaolo ($ISP (-0,48 %)), Johnson & Johnson ($JNJ (+0,03 %)), Moody's ($MCO (+3,79 %)), Pernod Ricard ($RI (-0,65 %)) and Prudential Financial ($PRU (-0,98 %)) are trading ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, among others, Agilent Technologies ($A (-1,35 %)), Keysight Technologies ($KEYS (+0,57 %)), Prosus ($PRX (-3,13 %)) and Zoom ($ZM (+2,61 %)) present their figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

Vonovia ($VNA (+2,7 %)) - The real estate group intends to use a capital increase of 8 billion euros to finance and finally complete its takeover of Deutsche Wohnen ($DWNI (+2,78 %)) and finally complete it. In addition to the capital increase, the real estate company is selling 15,000 apartments in Berlin to the public sector for around €2.46 billion.

Inflation - The German Bundesbank believes it is possible that inflation will rise to as high as 6% by the end of November. In October, the percentage rate of inflation was 4.6%. The central bank believes the reason for a possible jump is the temporary reduction in value-added tax due to the pandemic. Inflation is then expected to gradually decline again from 2022.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

Bitcoin ($BTC (+0,49 %)) - Cathie Wood, CEO of investment firm Ark Invest, believes that the value of the cryptocurrency can rise to as much as $500,000 within the next 5 years, provided institutional investors get on board with Bitcoin and dedicate at least 5% of their portfolios to the digital currency. This would bring the market capitalization to over $9 trillion.

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𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗠𝗶𝘁 𝗦𝘁𝗮𝗿𝗸𝘄𝗶𝗻𝗱 𝘇𝘂 𝗦𝘁𝗿𝗼𝗺, 𝗙𝗿𝗲𝘀𝗵 𝗙𝗼𝗼𝗱 𝗮𝘂𝘀 𝗱𝗲𝗿 𝗞𝗼𝗰𝗵𝗯𝗼𝘅 , 🚨 𝗖𝗿𝘆𝗽𝘁𝗼-𝗪𝗮𝗿𝗻𝗶𝗻𝗴 🚨

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, among others, ASML ($ASME (-0,38 %)), Brown & Brown ($BTW (+2,72 %)), CrossAmerican Partners ($CAPL), Diana Shipping ($DSZ (-0,95 %)), Luby's ($LUB), Metro City Bank ($MCBS (+3,26 %)), MarketAxess ($MWI (+0,87 %)), Minerals Technologies Inc. ($MNK (+1,99 %)), Northern Technologies International Corp. ($NTIC), Del Taco ($22L) and VSE Corp. ($VSEC (+3,77 %)) traded ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Things are really busy again, so here are the main companies reporting their numbers today. Today BP ($BPE5 (-1,72 %)), HelloFresh ($HFG (+1,98 %)), IDEXX Laboratories ($IX1 (+0,1 %)), OSRAM ($OSR), Pfizer ($PFE (-1,75 %)), Prudential Financial ($PLL (-0,98 %)), Ralph Lauren Corp. ($PRL (+1,18 %)), Samsung SDI ($XSDG (-2,61 %)), The Western Union Company ($W3U (+0,4 %)), T-Mobile US ($TM5 (+2,34 %)), Under Armour ($U9R (-12,43 %)) and Yamaha Corp. ($YHA (+0,47 %)) presented their figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

Wind Energy - So far in 2021, 345 wind turbines with a total capacity of 1.4 gigawatts have been connected to the grid. Compared to the same period last year, this is an increase of over 50%. Currently, the same number of turbines have already been erected in the current year 2021 as in the entire previous year. According to the president of the German Wind Energy Association, it is possible to reach the total capacity of 2 gigawatts of commissioned plants this year.

HelloFresh ($HFG (+1,98 %)) - HelloFresh has raised its revenue forecast to thanks to strong growth in the current fiscal year up to and including October another time. Core revenue increased from €970 million to €1.416 billion compared to the same period last year. This was due to strong customer growth and a continued high order rate, as well as high average order values. Adjusted operating profit margin before interest, taxes, depreciation and amortization is forecast to be between 8.25 and 10.25 percent.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

Squid Game - The coin with the acronym SQUID, which alludes to the unprecedentedly successful Netflix series Squid Game, shocked the crypto scene yesterday. The coin launched last Thursday at a starting price of $0.01. Within 4 days, the price increased by an incredible 380,000.00% to $38 on Monday morning. After further growth, the price rose to $89 on the same day. However, the journey was not to end here. Within 3 hours, events rolled over. The price of SQUID grew to an incredible $2,861.80 and just 5 minutes later the coin crashed by 99.99% to $0.0007926.

Additionally, the website that promoted the coin is no longer online. It is now also known that many holders of SQUID were no longer able to sell their positions from a certain point, so they could only watch idly. It is therefore a so-called rug-pull, i.e. that the developers of the project have sold it and have gone underground with the profits. In addition, it is now also clear that there are no connections to Netflix or other representatives of the series.

Please see this story as a warning (🚨) of what can happen when investing imprudently in small-cap meme coins. Many investors have lost their money without a chance to get it back. Inform yourself before you invest. You can see exactly which points you should pay attention to on our Instagram page in the coming days.

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