28.10.2024
Porsche AG: "The ban on combustion engines must fall" + E. coli bacteria at McDonalds: number of cases on the rise + Focus on advertising market, AI and split-up at Google parent Alphabet + Meta with solid advertising business + Boeing apparently planning capital increase
The quarterly figures presented after the Xetra close were lean as expected, but the outlook for the year as a whole was confirmed. Between the lines Porsche $P911 (-0,8%) criticized the upcoming tightening of EU CO₂ emissions regulations. In the subsequent conference call, the sports car manufacturer then dropped a bombshell. Is a roll back towards the combustion engine coming?
The number of confirmed cases of illness with coli bacteria in the USA, which according to the US authorities can be traced back to the consumption of a certain McDonald's-burger $MCD (+0,35%) has risen to 75. According to the US health authority CDC, 42 of those infected stated that they had previously eaten at the McDonald's fast food chain. At least 22 of them had to be treated in hospital. Two people developed hemolytic uremic syndrome (HUS) as a result of the infection, which can lead to acute kidney failure and can be fatal, the CDC said. US authorities are investigating the outbreak after people in 13 states fell ill between September 27 and October 10 after being infected with E. coli bacteria. One of the illnesses was fatal. According to initial investigation results, the US Food and Drug Administration (FDA) attributes the outbreak to sliced onions in McDonald's Quarter Pounder Burger, the American equivalent of the Hamburger Royal. However, the authorities are not ruling out the possibility that the burger patty itself could also be the cause.
The growth of the online advertising market, the most important source of revenue for Google $GOOGL (+1,19%)has recently slowed down somewhat. But that is complaining at a high level. The Group is nevertheless likely to have grown significantly in the third quarter and posted a higher profit. It is more preoccupied with other issues anyway. Google has to make sure it keeps up in the race for artificial intelligence. And it has to deal with the US anti-trust authorities. In the course of the 3Q reporting, the possible split-up of Alphabet will certainly also be discussed. Quarterly figures on Tuesday at 21:05.
Like Google Meta $META (+0,13%) is largely dependent on online ads in its social networks. The online advertising market is likely to have been solid, with Meta Platforms once again showing significant growth. Analysts expect profit growth of 19 percent and an 18 percent increase in sales compared to the previous year. Investors are also interested in the AI offerings of the parent company of Facebook, Whatsapp and Instagram and how it can monetize them. Quarterly figures on Wednesday at 21:05.
The ailing US aircraft manufacturer Boeing $BA (+0,9%) is on the verge of a massive capital increase, according to insiders. The cash injection of over 15 billion dollars (13.86 billion euros) is to be raised today through a mixture of share sales and convertible preference shares, a person familiar with the matter told Reuters news agency. This is intended to improve the company's financial situation, which has deteriorated as a result of the ongoing strike by around 30,000 employees at its US plants. Boeing initially declined to comment. However, the company had recently announced in regulatory documents that it could raise up to 25 billion dollars in stock and debt to bolster its ailing finances and protect its investment-grade rating. The Airbus rival is in deep crisis after a cabin door came loose during a flight in early January. Since then, the company has been struggling with stricter regulatory controls, production restrictions and dwindling customer confidence. In the first quarter of 2024, Boeing recorded a loss of around six billion dollars. In order to secure liquidity, the Group recently concluded a loan agreement worth ten billion dollars with leading banks. Boeing also announced the reduction of 17,000 jobs, which corresponds to around ten percent of the global workforce. However, the rating agencies S&P, Moody's and Fitch are threatening to downgrade the company to junk status if Boeing takes on new debt without repaying existing liabilities.
Monday: Stock market dates, economic data, quarterly figures
US: Trading hours from 14:30 - 21:00 (instead of 15:30 to 22:00, until Nov. 1)
ex-dividend of individual stocks
Blackstone USD 0.86
Quarterly figures / company dates USA / Asia
21:10 Ford quarterly figures
Quarterly figures / company dates Europe
07:00 Wacker Chemie | Royal Philips Electronic Quarterly figures
07:30 KPN quarterly figures
08:00 Traton quarterly figures
09:00 Traton Analyst Conference
16:00 Wacker Chemie Analyst Conference
Untimed: Bawag quarterly figures
Economic data
- 11:30 DE: Government Pk, Berlin
- 14:30 US: Stock market opens (instead of 15:30, until Nov. 1)
- 15:30 US: Dallas Fed Manufacturing 10/24
- 20:45 ESECB Vice President De Guindos, speech at Grupo Hotusa event
- 21:00 US: Stock markets close (instead of 10 p.m., by Nov. 1)
- No time specified: DE: Expiry of the peace obligation collective bargaining in the metal and electrical industry - warning strikes possible
