United Internet

Analyst updates, 18.11.

⬆️⬆️⬆️

- MORGAN STANLEY raises the price target for SIEMENS from EUR 212 to EUR 220. Overweight. $SIE (-1,05%)

- HSBC raises the target price for RHEINMETALL from EUR 660 to EUR 700. Buy. $RHM (+0,87%)

- HSBC raises the target price for DEUTSCHE TELEKOM from EUR 33.50 to EUR 34. Buy. $DTE (+0,28%)

- DEUTSCHE BANK RESEARCH raises the price target for ALLIANZ SE from EUR 275 to EUR 310. Buy. $ALV (-0,58%)

- DEUTSCHE BANK RESEARCH raises the price target for SIEMENS ENERGY from EUR 52 to EUR 57. Buy. $ENR (+1,49%)

- UBS upgrades AIR PRODUCTS & CHEMICALS from Neutral to Buy and raises target price from USD 338 to USD 375. $APD (+0,27%)

- ODDO BHF raises the price target for SWISS RE from CHF 127 to CHF 138. Outperform. $SREN (-0,11%)

- BARCLAYS raises the price target for MUNICH RE from EUR 523 to EUR 551. Overweight. $MUV2 (-0,47%)

- BARCLAYS raises the target price for HANNOVER RÜCK from EUR 206 to EUR 217. Underweight. $HNR1 (-0,14%)

⬇️⬇️⬇️

- MORGAN STANLEY lowers the target price for BAYER from EUR 35 to EUR 30. Equal-Weight. $BAYN (-0,88%)

- KEPLER CHEUVREUX lowers the target price for SIEMENS HEALTHINEERS from EUR 60.50 to EUR 59. Buy. $SHL (-0,07%)

- KEPLER CHEUVREUX downgrades KNAUS TABBERT to Hold. Target price EUR 15. $KTA (+0,76%)

- DEUTSCHE BANK RESEARCH lowers the price target for SGL CARBON from EUR 10.60 to EUR 9. Buy. $SGL (-1,26%)

- DEUTSCHE BANK RESEARCH lowers the price target for PVA TEPLA from EUR 18 to EUR 14.50. Hold. $TPE (+12,02%)

- DEUTSCHE BANK RESEARCH lowers the price target for KERING from EUR 340 to EUR 320. Buy. $KER (-0,27%)

- ODDO BHF downgrades BECHTLE to Neutral. Target price 37 EUR. $BC8 (+0,78%)

- BARCLAYS lowers the price target for UNITED INTERNET from EUR 27 to EUR 23. Equal-Weight. $UTDI (+0,9%)

- BARCLAYS lowers the price target for 1&1 from EUR 19 to EUR 17. Equal-Weight. $1U1 (+0,17%)

- BERENBERG lowers the target price for AIR LIQUIDE from EUR 195 to EUR 190. Buy. $AI (-0,32%)

- HSBC downgrades PORSCHE SE from Hold to Reduce and lowers target price from EUR 36 to EUR 26. $PAH3 (-0,75%)

Summary Earnings, 12.11. 👇🏼

$VOD (+0,61%) | Vodafone Q2/H1 24 Earnings

Q2 Service Rev EU7.64B (est EU7.62B)

H1 Oper Profit EU2.38B (est EU2.41B)

Still Sees FY Adj Free Cash Flow At Least EU2.4B

FY25 Guidance Reiterated

$AZN (+1,88%) | AstraZeneca Q3 24 Earnings

Core EPS $2.08 (est $2.06)

Rev. $13.57B (est $13.08B)

Raises FY Core Eps View To High Teens Percentage Growth

To Invest $3.5B In R&D And Manufacturing In The US

Upgrades FY Guidance

$9434 (-0,25%) | SoftBank Q2/H1 Earnings 2024

Q2 SVF Profit 313.14B Yen (est 83.11B Yen)

Q2 Net Income 1.181 Yen (est 294.83B Yen)

Q2 Dividend 22.00 Yen

H1 Net Income 1,011 Yen

H1 Net Sales 3,471 Yen (est 3.42T Yen)

Still FY Dividend 44.00 Yen (est 44.00 Yen)

$BAYN (-0,88%) | Bayer Q3 24 Earnings

Sales EU9.97B (est EU10.15B)

Core EPS EUO.24 (est EU0.31)

Adj. EBITDA EU1.25B (est EU1.33B)

Sees FY Adj. EBITDA EU10.4B To EU10.7B (est EU10.35B)

Now Sees FY Pharma Outlook At Upper End Of Range

Bayer Confirms Sales Growth Outlook

$IFNNY (-0,34%) | Infineon Q4 24 Earnings

Rev, EU3.92B (est EU3.98B)

Total Segment Profit EU832M (est EU792.5M)

Infineon Sees Q1 Revenue About EU3.2B (est EU3.77B)

Sees Q1 Rev. About EU3.2B (est EU3.77B)

2025 Revenue Is Expected To 'Slightly' Decline

$BNR (+4,55%) | Brenntag Q3 24 Earnings:

- Oper EBITA EU281.1M (est EU295.8M)

- Still Sees FY Oper EBITA EU1.1B To EU1.2B

- Cites Challenging Geopolitical, Macroeconomic Operating Conditions

$VBK (-1,89%) | Verbio recorded an operating loss of 6.6 million euros in the first quarter of the financial year due to a weak biofuel market. Group CEO Claus Sauter expects significant increases in earnings in the second half of the year due to possible new legal regulations.

$JUN3 (-0,54%) | Jungheinrich faces a subdued business outlook due to the weak economy and expects sales and incoming orders to be at the lower end of the forecast ranges. In the third quarter, however, the company recorded a 6.5 per cent increase in incoming orders to 1.3 billion euros, while sales declined slightly.

$JEN (-0,57%) | Jenoptik increases its operating result (EBITDA) by 14.9% to 59.1 million euros in the third quarter and confirms its annual targets for 2024 despite an uncertain market environment. Revenue grows by 4.0% to 274.3 million euros, but falls short of expectations

$SIX2 (+0,32%) | Sixt is again lowering its profit forecast for the full year to a pre-tax profit of around EUR 340 million, while analysts had expected an average of EUR 352 million. Despite a ten percent increase in revenue in the third quarter, the negative impact of falling residual values is expected to remain high.

$SFQ (+1,73%) | SAF-Holland is lowering its sales expectations for 2024 from EUR 2 billion to EUR 1.95 billion, but is maintaining its target margin of around ten percent for adjusted EBIT. In the third quarter, the company recorded a decline in sales of over 20 percent and a 63 percent drop in net profit to EUR 9.3 million.

$UTDI (+0,9%) | United Internet reports a slight decline in EBITDA to EUR 978 million in the first nine months due to increased expenses for the 1&1 mobile network. Sales of the 1&1 mobile subsidiary rose by 2.5 percent, but EBITDA fell by nine percent to EUR 463 million, while the sales forecast was lowered.

$IOS (-0,11%) | Ionos increases sales in the first nine months by almost eight percent to over 1.1 billion euros and adjusted EBITDA by nine percent to 334.5 million euros. The company confirms its annual targets and is optimistic about the remaining months of the financial year.

$KWS (+0,85%) | KWS Saat increases net sales by 18 percent to 248.6 million euros in the first quarter and reduces its loss before taxes by 19.4 percent to 37.4 million euros. The company confirms its guidance for fiscal 2024/25 and records extraordinary income of EUR110 million from the sale of its South American corn and sorghum business.

$UTDI (+0,9%) What potential does United Internet have in the long term? Dommermuth hasn't fallen on his head. He is planning his own 5G network and many other things. What else is possible?

As every Sunday, the most important news of the last week and the dates of the coming week.

The dates of the coming week also as a video:

https://youtube.com/shorts/uNIsOOcy9J8?feature=share

Monday:

Manufacturing data from China 🇨🇳 comes in slightly better than expected, with a PMI of 49.3 instead of 49.2. However, the reading falls for the fourth month in a row. The value for services falls to the lowest this year. The Chinese economy is cooling down, but everyone is looking at the announced stimulus program.

https://www.cnbc.com/amp/2023/07/31/china-manufacturing-pmi-july-2023.html

Inflation in Europe falls further to 5.3%. This increases the probability that key interest rates in the euro zone have peaked. Experts had expected an inflation rate of 5.2%.

https://app.handelsblatt.com/finanzen/geldpolitik/verbraucherpreise-inflationsrate-im-euro-raum-sinkt-auf-5-3-prozent/29287546.html

Tuesday:

DHL Group's figures disappoint the markets. Revenue slumped by 16.4%. Quarterly earnings per share slump to 0.80 cents. The markets had expected 0.84 cents. Nevertheless, Deutsche Post raises the profit forecast for the full year a little.

https://app.handelsblatt.com/unternehmen/handel-konsumgueter/logistik-gewinn-der-dhl-group-bricht-um-ein-viertel-ein-/29289040.html

Teamviewer continues to deliver. The company is growing at a double-digit rate and is fully on track to reach the annual forecast. The return on sales is down a little to 41%, but that was expected.

https://www.n-tv.de/wirtschaft/der_boersen_tag/Teamviewer-waechst-prozentual-zweistellig-article24297300.html

Unemployment figures in Germany are rising again. This comes as less of a surprise, as the economic mood was already poor. Overall, there are 147,000 more unemployed than a year ago. The unemployment rate rose by 0.2 percentage points to 5.7%. At the same time, however, the number of employees subject to social insurance contributions rose to 34.7 million (+253,000). The increase is due solely to skilled workers from abroad. There are still 772,000 jobs advertised, but 108,000 fewer than a year ago.

https://www.handelsblatt.com/politik/konjunktur/nachrichten/arbeitsmarkt-zahl-der-arbeitslosen-steigt-auf-mehr-als-2-6-millionen/29289752.html

Wednesday:

Renewed forecast increase from $BOSS (-0,93%) Hugo Boss. The company is currently simply delivering and remains our biggest winner in the value portfolio. In 2023, sales are already expected to rise up to EUR 4.2 billion. Originally, sales of EUR 4 billion were expected by 2025!

https://app.handelsblatt.com/unternehmen/industrie/-geschaeftszahlen-im-newsblog-hugo-boss-wird-erneut-optimistischer-fuer-das-gesamtjahr/24098412.html

Also $FRE (+0,69%) Fresenius is also doing better than expected. Three percent more sales with a slightly smaller drop in earnings than expected. However, restructuring costs continue to be incurred.

https://app.handelsblatt.com/unternehmen/industrie/gesundheitskonzern-fresenius-kommt-im-kerngeschaeft-gut-voran-doch-die-kleinste-sparte-macht-probleme/29291552.html

Overall, however, the markets are down this morning. The reason is that the U.S. has lost its top rating. The rating agency Fitch has #usa given the new credit rating of AA+. The reason is the high debt, as well as regular dispute about the debt ceiling.

For the stock exchanges this is bad news, because the USA could possibly cut spending, which of course also affects companies. It also creates uncertainty in general.

https://amp.focus.de/finanzen/news/finanzen-fitch-entzieht-usa-top-kreditrating_id_200676789.html

Breakthrough for 1&1 and United Internet. $UTDI (+0,9%) United Internet. A cooperation agreement is signed with Vodafone. Customers will be able to use the Vodafone network in future. Previously, there was a framework agreement with Telefonica. However, this did not include access to 5G. Since the company's own rollout stalled, a new solution was needed. Founder Dommermuth has now delivered it.

https://app.handelsblatt.com/technik/it-internet/telekommunikation-5g-deal-mit-vodafone-1und1-gelingt-befreiungsschlag/29292468.html

Thursday:

$ZAL (+3,06%) Zalando was able to significantly increase profits in the 2nd quarter due to cost reductions. Sales declined somewhat, but adjusted EBIT was significantly above expectations.

Dow Jones

The $LHA (-0,72%) Lufthansa achieved a record profit. Earnings in a 2nd quarter have never been so high. The Group raises its forecast. Earnings before interest, taxes and one-off income of EUR 2.6 billion are now expected. The high ticket prices are making Lufthansa's cash register ring.

https://app.handelsblatt.com/unternehmen/handel-konsumgueter/airlines-lufthansa-erzielt-bei-hoeheren-ticketpreisen-rekordgewinn/29290714.html

Also $BEI (+0,64%) Beiersdorf also raises its forecast. The Consumer segment in particular is doing well. EBIT margin already improved to 17.3% in the 2nd quarter.

Dow Jones

Like the ECB and the Fed, the #BoE also raised interest rates further. Interest rates were also raised by a quarter percentage point. Exciting here is the vote, 6 voted for the quarter percentage point, 2 for half a percentage point and 1 vote went to a pause.

https://amp.cnn.com/cnn/2023/08/03/economy/bank-of-england-uk-interest-rate/index.html

$AMZN (+0,6%) Amazon with strong numbers, on Prime Day alone it turned over $12.7 billion, in Q2 it was $134.4 billion. In particular, the cloud result is convincing. The net profit of USD 6.7 billion was 100% above expectations.

https://amp2.handelsblatt.com/unternehmen/handel-konsumgueter/e-commerce-amazon-mit-starken-zahlen-und-optimistischem-ausblick/29297384.html

Also $AAPL (+0,41%) Apple exceeded expectations. Sales were USD 81.4 billion. The decline was less than expected.

https://app.handelsblatt.com/technik/it-internet/tech-konzern-apple-trotz-schwachem-iphone-absatz-mit-zahlen-ueber-erwartungen/29297404.html

Friday:

$VNA (+3,56%) Vonovia has to write down less on real estate than in the 1st quarter. The bottom line was a loss of EUR 2 billion. Operating profit from rental increased by 10.3% year-on-year.

https://app.handelsblatt.com/finanzen/immobilien/geschaeftszahlen-vonovia-muss-immobilien-weiter-abwerten/29298170.html

German industry surprised with a high increase in orders. A further decline was actually expected, but there was a 7% increase compared with the previous month.

https://app.handelsblatt.com/politik/konjunktur/konjunktur-deutsche-industrie-ueberrascht-mit-staerkstem-auftragsplus-seit-drei-jahren/29298444.html

Main dates of the coming week:

Monday: 8:00 Industrial production (DE)

Tuesday: 5:00 Trade Balance (China)

Wednesday: 3:30 Inflation data (China)

Thursday: 14:30 Inflation data (USA)

Friday: 14:30 Producer Prices (USA)

We'll see what form that actually takes. In any case, I see potential for my shares. $UTDI (+0,9%) shares.

What do you think? Is it a bad sign for the other providers?

EDIT: Note: I am an employee and shareholder, so not neutral.

https://www.handelsblatt.com/politik/deutschland/5g-huawei-bann-rueckt-wohl-naeher-bund-und-eu-schliessen-schadenersatz-aus/29253434.html

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗜𝗣𝗢𝘀 🔔

Sono Motors - The company wants to accelerate the solar-powered automotive industry. Their solar-electric car Zion already has 16,000 pre-orders. The vehicles are scheduled to start production in the first half of 2023. So far, the company has posted a loss of $108.8 million, but that is expected to change as deliveries begin.

When it goes public, Sono Motors plans to issue 10 million shares at a price of $14 to $16.

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

Ex-dividend date: American Electric Power ( $AEP (+0%) ), American Water ( $AWC (+0,34%) ), Dover Motorsports ( $DVD ), Diamondback Energy ( $7DB (-0,41%) ), Greenbrier Companies ( $G90 (+0,79%) ), IBM ( $IBM (+0,58%) ), Matson ( $68M (+0,69%) ), Matador Resources ( $7MR (-1,3%) ), Olin Corporation ( $OLN (-0,25%) ), PPG Industries ( $PPQ (+0,51%) ), Rollins ( $RLS (+1,16%) ), Silicon Motion ( $S9M (+0,96%) ), Tempur Sealy International ( $TPD (+0,97%) ), WestRock ( $1WR ) and West Pharmaceutical Services ( $WPS (+2,45%) ).

𝗖𝗵𝗶𝗳𝗳𝗿𝗲𝘀 𝘁𝗿𝗶𝗺𝗲𝘀𝘁𝗿𝗶𝗲𝗹𝘀 📈

Today 1&1 ( $DRI (+0,17%) ), About You ( $YOU (-1,53%) ), Alcon ( $2U3 (+0,62%) ), Associated British Foods ( $ASBFY ), Bakkafrost ( $6BF (+2,2%) ), Bayer ( $BAYN (-0,88%) ), DeNA ( $D2N (-1,27%) ), Fraport ( $FRA (+0,79%) ), Gilat Satellite Networks ( $GSA (-0,5%) ), Kirin Holdings Company ( $KNBWY ), Manz AG ( $M5Z (+0%) ), Medios AG ( $ILM1 (-2,15%) ), Münchener Rück ( $MUV2 (-0,47%) ), Nissan ( $NISA (-1,85%) ), OVB Holding ( $O4B (-0,75%) ), Porsche ( $PAH3 (-0,75%) ), Schaeffler ( $SHA ), Swiss Life ( $SLW1 (+0%) ), United Internet ( $UTDI (+0,9%) ) and Wienerberger ( $WIB (-0,08%) ) present their figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

Ceconomy ( $CEC1 ) - The group wants to expand with its Media Markt and Saturn brands and open 35 department stores. Group CEO Wildberger is pursuing the goal of becoming the first omnichannel platform that combines e-commerce and in-store retail. In doing so, he even wants to compete with Amazon ( $AMZ (+0,6%) ). During Corona, Ceconomy was already able to significantly improve logistics and thus shorten delivery times.

The stores will become smaller and more "smart shops" of 600 to 800 square meters will be built in the city centers, because 33% of the total turnover is already attributable to online trade.

Bayer ( $BAYN (-0,88%) ) - Bayer was supported by strong demand for seeds and crop protection products as well as over-the-counter medicines in the last quarter. Bayer shares recently rose 2.16 percent to €51.09. There will also be a change at the head of the Crop Science division. Rodrigo Santos will succeed Liam Condon, who terminated his contract early, as COO. In the third quarter, Bayer was able to increase sales for the entire group by almost 15 percent year-on-year to €9.8 billion. In total, the company made a profit of 85 million euros. The profit was depressed by the high costs of restructuring measures.

Elon Musk - The founder of Tesla ( $TL0 (+0,29%) ), let his fans vote on Twitter whether he should sell ten percent of his Tesla shares. More recently, he has been called upon to pay more taxes to help solve famine problems. Out of just over 3.5 million users, 58 percent voted in favor of a sale. This means that the block of shares to be sold would currently be worth about US$20 billion. Based on this vote, Tesla's share price collapsed by 8.47% to 965.66 euros.

Gazprom ( $SCF ) - After several months of energy crisis and rising prices, the Russian gas company is once again supplying gas to Germany and Austria under pressure from Putin. Gazprom's vice president also said that Russia has no interest in such high gas prices, as it would accelerate the transition to renewable energy in Europe.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

The crypto-currency market's gold rush - Last night, the two leading crypto-currencies Bitcoin ( $BTC-EUR (+0,92%) ) and Ethereum ( $ETH-USD (-1,24%) ) were able to reach new all-time highs. Bitcoin was able to set the mark now at $68,642.00 with a daily increase of almost 5%. This brings its market capitalization to $1.28 trillion, with bitcoin managing to leave Tesla ( $TL0 (+0,29%) ) behind it. Ethereum followed Bitcoin and also hit a new all-time high of $4,857.25. Successes like these have been evident in the market in recent weeks. For example, Cardano ( $ADA-USD (+5,7%) ), Ethereum's competitor, gained 12 percent overnight, and Litecoin ( $LTC-EUR (+1,55%) ), which had long been treading water, rose 20.3 percent in one day. This very strong performance, which can be seen across all crypto-currencies, led to the total market capitalization of all crypto-currencies crossing the US$3 trillion mark for the first time.

Shiba Inu- The co-founder and creator of Dogecoin, the origin of all

"meme coins" explicitly distanced himself from Shiba Inu on Sunday. He also stressed that he himself was not the holder of the coin. Before that, various theories have been circulating that he might be involved in the project.

🤜🏼🤜🏼🤜🏼 @MarketNewsUpdate

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗦𝗼𝗹𝗮𝗿-𝗔𝘂𝘁𝗼 / 𝗔𝗺𝗮𝘇𝗼𝗻𝘀 𝗻𝗲𝘂𝗲𝗿 𝗞𝗼𝗻𝗸𝘂𝗿𝗿𝗲𝗻𝘁 / 𝗕𝗮𝘆𝗲𝗿𝘀 𝗕𝗹𝗶𝗰𝗸 𝗮𝘂𝗳 𝗚𝗲𝘄𝗶𝗻𝗻 / 𝗞𝗿𝘆𝗽𝘁𝗼𝗺𝗮𝗿𝗸𝘁 𝗶𝗺 𝗚𝗼𝗹𝗱𝗿𝗮𝘂𝘀𝗰𝗵

𝗜𝗣𝗢𝘀 🔔

Sono Motors - The company aims to accelerate the solar-powered automotive industry. Their Sion solar-electric car already has 16 thousand pre-orders. Production of the vehicles is expected to start in the first half of 2023. So far, the company has made a loss of $108.8 million, but this is expected to change as deliveries begin.

In going public, Sono Motors plans to issue 10 million shares at a price of $14 to $16.

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, among others, American Electric Power ($AEP (+0%)), American Water ($AWC (+0,34%)), Dover Motorsports ($DVD), Diamondback Energy ($7DB (-0,41%)), Greenbrier Companies ($G90 (+0,79%)), IBM ($IBM (+0,58%)), Matson ($68M (+0,69%)), Matador Resources ($7MR (-1,3%)), Olin Corporation ($OLN (-0,25%)), PPG Industries ($PPQ (+0,51%)), Rollins ($RLS (+1,16%)), Silicon Motion ($S9M (+0,96%)), Tempur Sealy International ($TPD (+0,97%)), WestRock ($1WR) and West Pharmaceutical Services ($WPS (+2,45%)) traded ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, among others, 1&1 ($DRI (+0,17%)), About You ($YOU (-1,53%)), Alcon ($2U3 (+0,62%)), Associated British Foods ($ASBFY), Bakkafrost ($6BF (+2,2%)), Bayer ($BAYN (-0,88%)), DeNA ($D2N (-1,27%)), Fraport ($FRA (+0,79%)), Gilat Satellite Networks ($GSA (-0,5%)), Kirin Holdings Company ($KNBWY), Manz AG ($M5Z (+0%)), Medios AG ($ILM1 (-2,15%)), Munich Re ($MUV2 (-0,47%)), Nissan ($NISA (-1,85%)), OVB Holding ($O4B (-0,75%)), Porsche ($PAH3 (-0,75%)), Schaeffler ($SHA), Schloss Wachenheim AG ($SWA (-4,97%)), Swiss Life ($SLW1 (+0%)), United Internet ($UTDI (+0,9%)) and Wienerberger ($WIB (-0,08%)) presented their figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

Ceconomy ($CEC (-0,17%)) - The Group plans to expand with its Mediamarkt and Saturn brands and open 35 large stores. Group CEO Wildberger is pursuing the goal of becoming the leading omnichannel platform, combining e-commerce and bricks-and-mortar retail. In doing so, he even wants to compete with Amazon ($AMZ (+0,6%)) to compete. During Corona, Ceconomy was already able to significantly improve logistics and thus shorten delivery times.

The stores are to become smaller and more "smart stores" with 600 to 800 square meters are to be built in the city centers, as 33% of total sales are already attributable to online retailing.

Bayer ($BAYN (-0,88%)) - tailwinds provided Bayer with high demand for seeds and crop protection products as well as over-the-counter medicines in the past quarter. Bayer shares recently rose 2.16 percent to 51.09 euros. There will also be a change at the top of the Crop Science division. Rodrigo Santos will take over as COO from Liam Condon, who terminated his contract early. Bayer increased Group-wide sales in the third quarter by nearly 15 percent year-on-year to 9.8 billion euros. The Group posted a total profit of 85 million euros. Profits were depressed by high costs for restructuring measures.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

Crypto market in gold rush - Last night, the two leading cryptocurrencies Bitcoin ($BTC-EUR (+0,92%)) and Ethereum ($ETH-USD (-1,24%)) reached new all-time highs. Bitcoin was able to set the mark now at $68,642.00 with a daily increase of almost 5%. This puts its market capitalization at $1.28 trillion, which means bitcoin managed to outpace Tesla ($TL0 (+0,29%)) behind it. Ethereum followed Bitcoin's lead and also set a new all-time high of $4,857.25. Successes like these have been evident across the market in recent weeks. For example, Ethereum competitor Cardano ($ADA-USD (+5,7%)) gained 12% overnight, or even Litecoin ($LTC-EUR (+1,55%)) was able to grow by 20.3% in one day. This very strong performance, which can be seen across all cryptocurrencies, led to the total market capitalization of all cryptocurrencies breaking through the 3 trillion US dollar barrier for the first time.

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𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗜𝗣𝗢𝘀 🔔

Stepstone - Axel Springer ( $AXELF ) wants to continue preparations for the IPO of job portal Stepstone. Goldman Sachs ( $GOS (+0,23%) ) and Morgan Stanley ( $DWD (+0,7%) ) have been chosen to lead the transaction, which could take place in the second quarter of 2022. Under the offer, Stepstone could be valued at around seven billion euros. This would correspond to 25 times the operating profit (EBITDA) of around 300 million euros expected for 2023. The job portal's business has been doing very well recently and has been able to post annual growth of 20 percent over the past ten years.

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

Ex-dividend date: Apple Inc ( $APC (+0,41%) ), AmeriServ Financial Inc ( $ASRV ), Brink's ( $PTY (+0,56%) ), Clarus ( $BDO (+0%) ), Core Laboratories ( $CEI ), Federated Hermes ( $3KC (+0,25%) ), First Interstate BancSystem ( $4FB (+0%) ), W. W. Grainger ( $GWW (+0,22%) ), Janus Henderson ( $HDJA ), Lazard ( $LAZ ), Louisiana Pacific ( $LP3 (+2,1%) ), US Steel ( $USX1 (+0,47%) ) and Xilinx ( $XIX ).

𝗖𝗵𝗶𝗳𝗳𝗿𝗲𝘀 𝘁𝗿𝗶𝗺𝗲𝘀𝘁𝗿𝗶𝗲𝗹𝘀📈

Today 11880 Solutions ( $TGT (+0%) ), Andritz AG ( $AZ2 (+0,58%) ), Amadeus IT Group ( $AI3A (+0,65%) ), Asahi Kasei ( $ASAA (+1,94%) ), Berkshire Hathaway ( $BRYN (+0,63%) ), Data Modul ( $DAM (-2,1%) ), GS Yuasa ( $G9Y (+1,58%) ), Honda ( $HDMA (+2,4%) ), Johnson Controls ( $TYIA (+0,27%) ), Kikkoman ( $KIK (-2,38%) ), Kobe Steel ( $KST (+0,87%) ), Krones AG ( $KRN (+0%) ), Mitsubishi ( $MBI (+0,15%) ), Nippon Paper Industries ( $9NI (+0,96%) ), Olympus ( $OCPNY ), Rheinmetall ( $RHM (+0,87%) ), Sempra Energy ( $SE4 (+0,61%) ), TLG Immobilien ( $TLG ) and Uniper ( $UN01 ) present their figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

United Internet ( $UTDI (+0,9%) ) - Ralph Dommermuth wants to buy United Internet for 35 euros per share. This means that he would own more than half of the Internet group. The manager wants to acquire 17 million United Internet shares, either via an existing company or via a new company he controls. The share price, which was close to 37 euros in September, had fallen by about 5 euros by the end of October. United Internet had announced in mid-September that it wanted to end the share buyback prematurely due to low trading volumes. However, it is still unclear whether Dommermuth will actually buy the company.

Platoon ( $2ON (+3,88%) ) - The surplus demand for exercise bikes due to Corona's crisis is over. Last quarter, the fitness equipment maker posted a $376 million loss. That forced Peloton to lower its revenue forecast for the current year and subscriber growth. Investors reacted immediately, and the stock dropped about 33% within a day.

Varta ( $VAR1 (+7,18%) ) - The battery maker lowered its sales forecast for the current fiscal year due to production difficulties at some suppliers. In response, the stock price fell about 19%.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

New York City - New York City's new (Democratic) mayor, Eric Adams, discussed in an interview, a day after his official election, his plan to introduce a coin for the city. This is supposed to be one of the first steps in transforming New York into a crypto-currency-friendly city. In addition, he announced that he wants to receive his first 3 salaries in the form of crypto-currencies. He has also already met with Miami Mayor Francis Suarez, who is known for his positive attitude towards crypto-currencies and who last week also requested that his salary be paid 100% in bitcoins. Miami already has its own City Coin, which is indeed very popular. Francis and Adams have now decided to engage in a friendly competition to see which of the two cities can show the most progress in the crypto space. Adams' goal is for New York to maintain its reputation as the financial capital of the crypto-currency era.

Commonwealth Bank ( $CWW (+1,67%) ) - Australia's largest bank said the day before that they are working to make bitcoin and other crypto-currencies tradable for their customers in the coming weeks. In addition, they said that they also want to offer their customers to store crypto-currencies for them. Initially, only Bitcoin ($BTC-EUR), Bitcoin Cash ($BCH-EUR), Ethereum ($ETH-USD) and Litecoin ($LTC-EUR) will be available. The implementation will be done in collaboration with Gemini, a U.S.-based company specializing in crypto asset custody. Commonwealth Bank is by far the largest financial institution on the continent, with total assets of $688.4 billion, so this news is a big step for the crypto industry.

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𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗦𝘁𝗲𝗽𝘀𝘁𝗼𝗻𝗲𝘀 𝗜𝗣𝗢 / 𝗘𝗹𝗲𝗸𝘁𝗿𝗼𝗿𝗮𝗱 𝗶𝗺 𝗞𝗲𝗹𝗹𝗲𝗿 / 𝗟𝗲𝗲𝗿𝗲 𝗕𝗮𝘁𝘁𝗲𝗿𝗶𝗲 / 𝗚𝗲𝗵𝗮𝗹𝘁 𝗶𝗻 𝗞𝗿𝘆𝗽𝘁𝗼

𝗜𝗣𝗢𝘀 🔔

Stepstone - Axel Springer ($AXELF) wants to push ahead with preparations for an IPO of the job ad portal Stepstone. Goldman Sachs ($GOS (+0,23%)) and Morgan Stanley ($DWD (+0,7%)) have been selected to lead-manage the transaction, which could take place in the second quarter of 2022. The issue could value Stepstone at around EUR seven billion. This would correspond to 25 times the operating profit (EBITDA) of around EUR 300 million expected for 2023. The job portal's business has been going very well recently and it has been able to show annual growth of 20 percent over the last ten years.

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, Apple Inc. ($APC (+0,41%)), AmeriServ Financial Inc. ($ASRV), Brink's ($PTY (+0,56%)), Clarus ($BDO (+0%)), Core Laboratories ($CEI), Federated Hermes ($3KC (+0,25%)), First Interstate BancSystem ($4FB (+0%)), W. W. Grainger ($GWW (+0,22%)), Janus Henderson ($HDJ), Lazard ($LAZ), Louisiana Pacific ($LP3 (+2,1%)), US Steel ($USX1 (+0,47%)) and Xilinx ($XIX) traded ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, among others, 11880 Solutions ($TGT (+0%)), Andritz AG ($AZ2 (+0,58%)), Amadeus IT Group ($AI3A (+0,65%)), artnet ($ART (-0,36%)), Asahi Kasei ($ASAA (+1,94%)), Berkshire Hathaway ($BRYN (+0,63%)), Chiyoda Kakō Kensetsu ($CYA (+6,57%)), Data Modul ($DAM (-2,1%)), GS Yuasa ($G9Y (+1,58%)), Honda ($HDMA (+2,4%)), Johnson Controls ($TYIA (+0,27%)), Kikkoman ($KIK (-2,38%)), Kobe Steel ($KST (+0,87%)), Krones AG ($KRN (+0%)), Mitsubishi ($MBI (+0,15%)), Nippon Paper Industries ($9NI (+0,96%)), Olympus ($OCPNY), Rheinmetall ($RHM (+0,87%)), Sempra Energy ($SE4 (+0,61%)), TLG Immobilien ($TLG) and Uniper ($UN01) presented their figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

United Internet ($UTDI (+0,9%)) - Ralph Dommermuth aims to take over United Internet for EUR 35 per share. This would give him more than half of the Internet group. The manager would like to acquire 17 million United Internet shares either via an existing company or a newly founded one controlled by him. The share price of almost EUR 37 in September had fallen by around EUR 5 by the end of October. United Internet had announced in mid-September that it intended to end its share buyback prematurely due to low trading volumes. However, it is still uncertain whether Dommermuth's purchase will actually take place.

Peloton ($2ON (+3,88%)) - The upswing of exercise bikes due to the Corona crisis is over. In the last quarter, the fitness equipment manufacturer posted a loss of $376 million. In the wake of that, Peloton lowered both its expected revenue for the current fiscal year and its subscriber growth. Investors reacted immediately and the stock fell by about 33% in the course of one day.

Varta ($VAR1 (+7,18%)) - The battery company lowered its sales forecast for the current fiscal year due to production difficulties at some suppliers. In response, the share slumped by around 19%.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

New York City - New York Mayor-elect (Democrats) Eric Adams spoke in an interview a day after his official election about his plans to introduce a City Coin for the city. This is said to be one of the first steps in transforming New York into a crypto-friendly city. Furthermore, he announced that he wants to receive his first 3 paychecks in the form of cryptocurrencies. He also said that he has already met with Miami Mayor Francis Suarez, who is known for his positive attitude towards cryptocurrencies and also called for his salary to be paid 100% in Bitcoin last week. Miami already has its own City Coin, which is indeed very popular. Francis and Adams now decided to try a friendly competition to see which of the two cities can show greater progress in the crypto space. Adams' goal is for New York to continue to maintain its reputation as a financial capital in the age of cryptocurrencies.

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