30.08.2024

Intel curbs expansion + Lululemon earns more than expected and lowers outlook + Apple prepares for AI sales push + Delivery Hero takes subsidiary Talabat public

Intel $INTC (+0,01%) examines various options with banks due to difficult situation.

Intel is also looking into spinning off production.

Intel could significantly scale back expansion plans such as the construction of new plants.

Apple $AAPL (+0,17%) rose 1.5% after the tech giant was seen ordering components for a much higher number of iPhones than last year, suggesting it is preparing for an artificial intelligence-driven sales surge.

Lululemon Athletica $LULU (-0,28%) is struggling with a further slowdown in its business in the Americas region. The sportswear manufacturer lowered its outlook for the year as a whole. The Group exceeded profit expectations in the second quarter. Lululemon now only expects sales of 10.38 to 10.48 billion US dollars instead of 10.7 to 10.8 billion dollars. Earnings per share are now expected to be between 13.95 and 14.15 dollars instead of 14.27 to 14.47 dollars. In the second quarter of the past financial year, profit rose from 342 million US dollars to 393 million US dollars. Earnings per share amounted to 3.15 dollars, exceeding analysts' expectations of 2.93 dollars. Turnover rose by 7 percent to 2.4 billion dollars. In the Americas region, sales rose by only 1 percent, while international sales climbed by 29 percent. Growth on a like-for-like basis amounted to 2 percent across the Group.

Delivery Hero $DHER (+1,57%) rose by 12.2 percent following quarterly figures and IPO plans for its subsidiary Talabat. The market hopes that the IPO will result in the individual parts being valued higher than the company as a whole. The delivery service wants to list Talabat, which is mainly active in countries in the Middle East and North Africa, on the stock exchange in Dubai this year, while retaining a majority stake.

Friday: Stock market dates, economic data, quarterly figures

ex-dividend of individual stocks

The Kraft Heinz Company 0.40 US

Estee Lauder Companies Registered (A) 0.66 US

Quarterly figures / company dates USA / Asia

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Quarterly figures / Company dates Europe

09:00 PVA TePla AGM

Economic data

• 08:00 DE: Retail sales May seasonally adjusted real FORECAST: +0.1% yoy previous: -0.2% yoy
• 08:00 DE: Import/export prices July import prices FORECAST: +0.1% yoy/+1.4% yoy previously: +0.4% yoy/+0.7% yoy | Employment July
• 08:45 FR: Private consumption July FORECAST: +0.2% yoy/-0.9% yoy previously: -0.5% yoy/-1.0% yoy
• 08:45 FR: Consumer prices (preliminary) August PROGNOSE: +0.4% yoy/+1.9% yoy previous: +0.2% yoy/+2.3% yoy HICP PROGNOSE: +0.7% yoy/+2.3% yoy previous: +0.2% yoy/+2.7% yoy
• 09:55 DE: Labor market data August seasonally adjusted unemployment rate FORECAST: +16,000 yoy previous: +18,000 yoy Unemployment rate seasonally adjusted FORECAST: 6.0% previous: 6.0%
• 11:00 EU: Labor market data July Eurozone Unemployment rate FORECAST: 6.5% previously: 6.5%
• 11:00 EU: Eurozone consumer prices (flash estimate) August Eurozone FORECAST: +0.1%gg month/+2.2% yoy PREV: 0.0%gg month/+2.6% yoy Core rate (excluding energy, food, alcohol, tobacco) FORECAST: +0.3%gg month/+2.8% yoy PREV: -0.2%gg month/+2.9% yoy
• 11:00 IT: Consumer prices (preliminary) August FORECAST: +0.3% yoy/+1.2% yoy previously: +0.4% yoy/+1.3% yoy
• 14:30 US: Personal Spending and Income July Personal Spending PROGNOSE: +0.5% yoy previous: +0.3% yoy Personal income PROGNOSE: +0.2% yoy previous: +0.2% yoy PCE price index / core rate PROGNOSE: +0.2% yoy/+2.7% yoy previous: +0.2% yoy/+2.6% yoy
• 15:45 US: Chicago Purchasing Managers' Index August FORECAST: 45.6 PREV: 45.3
• 16:00 US: Index Consumer Sentiment Uni Michigan (2nd survey) August FORECAST: 68.0 1st survey: 67.8 PREVIOUS: 66.4