- 14 positive surprises

- Three negative surprises

- Dividend increases

- Dividend decreases

- Overview of all DAX stocks

Link:

https://shorturl.at/Tdnfw

$ALV (-0,38%)
$MUV2 (+0,74%)
$RHM (+2,85%)
$MBG (-2,59%)
$SAP (-2,37%)
$BMW (-2,74%)
$AIR (-1,99%)
$VOW (-2,97%)
$DBK (-6,4%)
$CBK (-3,52%)
$SIE (-7,02%)
$P911 (+0,06%)
$DTE (+0,37%)
$IFX (-7,23%)

Almost three-quarters of all DAX and MDAX companies pay out dividends in May.

Dividend calendar with payday and expected yield:

This year's dividend champion is likely to be $RTLL (-0,51%) - RTL Group. Shareholders can expect a yield of around 8%. However, this is only half as high as three years ago.

Deutsche Telekom is now increasingly seen as a dividend pearl. $DTE (+0,37%) - Deutsche Telekom is increasingly seen as a dividend pearl. This year's dividend is EUR 0.90, i.e. an increase of 17% on the previous year, with a yield of around 2.7%.

Other reliable payers are $SIE (-7,02%) - Siemens and $SAP (-2,37%) - SAP.

One of the most reliable payers of all is $MUV2 (+0,74%) - Munich Re. There has never been a dividend shortfall since 1960 and the amount paid per share has increased sixteen-fold since the beginning of the millennium.

There are also some attractive dividend payers in Europe, such as $ENI (-4,3%) - ENI and $ISP (-7,5%) - Intensa and $BNP (-5%) - BNP.

Source (excerpt) / graphics: WELT

Deutsche Telekom is one of my top investments because it plays an important role in the telecommunications sector. With a strong market position in Europe and expansion in the US through T-Mobile, there is a lot of growth potential here. I was particularly impressed by the continuous investment in network technologies such as 5G and fiber optics, which will enable future innovations and services. Stable cash flows and an attractive dividend policy make Deutsche Telekom a valuable part of my portfolio. $DTE (+0,37%)

At 53 billion euros, the 40 DAX companies are likely to pay out almost one billion euros more this year than a year ago - more than ever before.

The reason for the strong development is high consolidated profits and unexpectedly rising dividends at a good dozen companies, including $ALV (-0,38%) Allianz, $MUV2 (+0,74%) Munich Re and $RHM (+2,85%) Rheinmetall.

At 109 billion euros net profit, the DAX companies are likely to have earned as much in 2024 as in the previous year, according to Handelsblatt calculations. Slump in earnings for the three car manufacturers $BMW (-2,74%) BMW, $MBG (-2,59%) Mercedes and $VOW (-2,97%) VW will be offset by companies in other sectors, in particular the major insurers Allianz, Munich Re and $HNR1 (+0,61%) Hannover Re, but also $DTE (+0,37%) Deutsche Telekom, $HEN (+1,69%) Henkel and $EOAN (+5,4%) Eon.

More than a dozen DAX companies have announced higher dividends than the market had previously expected. For example $ALV (-0,38%) 15.40 euros per share after 13.80 euros in the previous year. Analysts had forecast just under 15 euros. The insurer is thus distributing just under six billion euros. This is a record in the German corporate landscape.

The biggest jump is at $MUV2 (+0,74%) Munich Re: The reinsurer is increasing its dividend by five euros per share to 20 euros.

The two healthcare specialists $FRE (+1,42%) Fresenius and $FME (+3,68%) Fresenius Medical Care, the brand manufacturer $HEN (+1,69%) Henkel, the automotive supplier $BTR Continental, the $CBK (-3,52%) Commerzbank, $RHM (+2,85%) Rheinmetall and $HNR1 (+0,61%) Hannover Re have raised their dividends, in some cases significantly more than expected. This is also due to rising profits, which justify a higher profit share for shareholders.

The largest dividend payers in the DAX are

• $ALV (-0,38%)
• 
  $DTE (+0,37%)
• 
  $MBG (-2,59%)
• 
  $SIE (-7,02%)
• 
  $VOW (-2,97%)

Like the car manufacturers, a number of companies in the DAX remain below the usual international payout ratios, including the family-run groups $BEI (+1,09%) Beiersdorf and $MRK (-2,43%) Merck. They pass on less than 30 percent of their profits. This leaves enough of a buffer so that dividends do not have to be reduced immediately in more difficult times.

Germany's most valuable group, $SAP (-2,37%) SAP, with a payout ratio of 85%, is pushing the limit: net profit of 3.1 billion euros in the past year compares with a total dividend payout of 2.7 billion euros. However, the profit was burdened by a one-off effect.

So far, a total of 20 companies have increased their dividends, with only $BAS (-5,22%) BASF and the three car manufacturers. Four companies have yet to do so: $RWE (+1,77%) RWE, $SY1 (-1,13%) Symrise and $VNA (+8,1%) Vonovia are likely to increase their dividends, while analysts expect $PAH3 (-1,68%) analysts expect a reduction at Porsche Holding.

Source (excerpt) & chart: Handelsblatt, 15.03.25

From the proceeds of Palantir.

As every Sunday, the most important news from the past week, as well as the dates for the coming week.

Also as a video:

https://youtube.com/shorts/yU_UfNQy7OQ?feature=shared

Sunday:

Another crypto theft occurred, this time probably the biggest ever. 1.5 billion dollars were stolen from the crypto exchange Bybit. Although the blockchain is considered secure, access to the individual wallets in which the cryptos are stored is not. As a result, there was a 'bank run' on the exchange as investors lost confidence and withdrew their money.

https://www.handelsblatt.com/finanzen/maerkte/devisen-rohstoffe/krypto-milliarden-diebstahl-schockt-krypto-markt/100109251.html

Monday:

No tailwind for the new federal government in Germany, the ifo business climate index is stagnating. The economy therefore remains a major construction site and urgent action is needed.

https://www.handelsblatt.com/politik/konjunktur/konjunktur-ifo-geschaeftsklima-stagniert-deutsche-wirtschaft-wartet-ab/100109446.html

Tuesday:

Fuel cell specialist$F3C (+4,62%) FC Energy is also forecasting double-digit growth for 2025. In 2024, the company achieved the upper end of the forecast for sales growth (+22.5%). Adjusted EBITDA grew to 22 million euros, exceeding the forecast.

https://www.finanzen.net/nachricht/aktien/auf-wachstumskurs-sfc-energy-aktie-sfc-energy-rechnet-mit-anhaltendem-wachstum-14267631

Wednesday:

Deutsche Telekom $DTE (+0,37%) Deutsche Telekom is on a record course but falls short of the expectations of some analysts. Sales rose by 3.4 % to 115.77 billion euros, the dividend is to rise to 90 cents per share. The development of the US subsidiary remains decisive for Deutsche Telekom.

https://www.handelsblatt.com/technik/it-internet/deutsche-telekom-setzt-nach-rekordjahr-2024-auf-weiteres-wachstum/100108104.html

e.on $EOAN (+5,4%) is convincing in terms of figures, even if the results here were slightly below the previous year's figures. EBITDA is expected to increase by 6-9% in 2025. The CEO of e.on expects the new German government to finally implement an efficient energy transition instead of adhering to expansion targets at all costs. The dividend is to rise to 55 cents per share.

https://www.waz.de/wirtschaft/article408409404/stromriese-eon-verdient-trotz-rezession-erneut-milliarden.html

Thursday:

$SIX2 (-5,29%) Sixt, the car rental company, presents record sales figures. Turnover increased by 10.5% to 4 billion euros. The US business in particular is doing well. Profits fall slightly due to falling used car prices. The dividend is to rise to 2.70 per share. Sales growth of 5 - 10 % is also planned for the coming year.

https://www.boerse.de/nachrichten/EQS-News-SIXT-durchbricht-erstmals-die-Vier-Milliarden-Umsatzmarke-Drittes-Rekordjahr-in-Folge/37085370

Also $KGX (-3,23%) Kion is planning to increase its dividend from 0.70 to 0.82 euros per share. Turnover is expected to stagnate in 2025 and amount to 10.9 - 11.7 billion euros. In 2024 it was 11.5 billion euros.

https://www.finanzen.net/nachricht/aktien/ausblick-vorsichtig-kion-aktie-mit-aufschlaegen-hoehere-dividende-nach-gewinnzuwachs-geplant-14275807

GDP growth in the USA falls to a growth rate of 2.3% in the 4th quarter. However, this is in line with expectations. Germany is a long way from 2.3 % growth. The country is in the longest recession phase in post-war history.

https://finance.yahoo.com/news/gdp-us-economy-grows-at-23-annualized-pace-in-fourth-quarter-matching-estimates-133216310.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAEDHZnuC0vgU8t8P7RBXsPEgAWKgMPnwT-Drlsk8DdbuQHCNMXQ7A1RS54QADRKn60ZxSDZoUa_q_5Xoub7zQSzmycOPUkgkOlopnSzTIeKez9crAfvPN2tBrlZUdmJEpy_cgFrV-geZT0BuG_Rqr5_OMyPnvoiPClm6tDcy3OZ8

Friday:

The world's largest insurance group posts a bottom-line profit of 10 billion euros, up 10% on the previous year. Allianz $ALV (-0,38%) Allianz once again exceeds analysts' expectations and the dividend rises to €15.40 per share. At the same time, Allianz has been cutting back on life insurance benefits for years.

https://www.handelsblatt.com/finanzen/banken-versicherungen/versicherer/versicherer-allianz-erzielt-rekordgewinn-und-zahlt-mehr-dividende/100108025.html

Due to rising food prices, inflation in Germany remains at 2.3%. Next week there will be further inflation data from the EU, as well as a possible key interest rate cut by the ECB.

https://www.welt.de/wirtschaft/article255568962/Inflation-liegt-im-Februar-bei-2-3-Prozent-Nahrung-und-Dienstleistungen-werden-teurer.html

These are the most important dates for the coming week:

Monday: 11:00 Inflation data (EU)

Wednesday: 16:00 ISM data (USA)

Thursday: 14:15 Interest rate decision (EU)

Can you think of any other dates? Write it in the comments 👇

#inflation
#usa
#ezb
#zinsentscheid

... almost. In it since 27.02.2023 - and satisfied so far. Apart from the portfolio tracking here (approx. +27%), I am very satisfied with the return on my invested capital (gross approx. +42%).

I have made a change to the ETFs. 70% of it in the $VWRL (-4,28%) and 30% now in the $XESX (-3,08%) shifted. As a result, the US share has fallen to around 55% and will remain below 60% in the long term.

There are still 5 individual positions in equities:

$PLTR (-1,3%) still by far the strongest weighting. Despite the (overdue) setback since last week. I am leaving the position as it is. In the long term, my opinion remains positive - AI model, self-sufficient data analysis and automation platform, countless conceivable use cases, strong growth in the commercial sector.

$ALV (-0,38%) The biggest surprise for me. Invested last June as a position to give the whole thing a bit more stability. My target was at least 5-10% return + dividend in one year. Since then, my position has returned over +20%.

$DTE (+0,37%) I added a little out of embarrassment, but this position also surprised me. I simply wanted to use the money released from the sale of $BA. (+3,9%) in December I simply wanted to "park" it until spring with a slightly higher return than overnight interest. Since December it has already gained around 15%.

$MSFT (-2,56%) Somehow a bit of a disappointment. In my portfolio since January 2024, currently +/- 0, although I remain convinced that the investments will bear fruit and the blue chip will make strong gains again in the long term. Since the second half of '24, the high AI investments, among other things, have been a drag here.

$8001 (-5,79%) The negative surprise has developed into my second Palantir. With Palantir, I exercised patience until the middle of last year and endured downs, supported by my personal assessment and conviction. I am currently going through the next big test of patience with the Japanese. After approx. 1.5 years in my portfolio, after +17% in between, my position is currently at +/- 0 (in the meantime even at -8). My conviction in Sogo Shosha and the outlook remain positive. It will go in the right direction again and then bigger jumps upwards beckon.

Deutsche Telekom $DTE (+0,37%) has published its profit forecast for 2025 and clearly missed analysts' expectations. The reason for this is the intense price wars in the European markets, which slowed growth last year. 📉

The company expects adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to increase by around 4.5% to EUR 44.9 billion (USD 47.1 billion) this year. Analysts, however, had expected an Ebitdaal of 46.9 billion euros.

Deutsche Telekom, Europe's largest mobile communications provider, is heavily dependent on its share in the US operator T-Mobile US $TMUS (+2,03%) operator. While T-Mobile's financial figures have recently been positive, analysts expect slower growth in Germany and the rest of Europe, which will be impacted by tough competition and price wars.

On the Frankfurt Stock Exchange, Deutsche Telekom shares fell by 3.6% to 33.71 euros. Despite these declines, the shares have gained 53% in the last 12 months. In the fourth quarter, adjusted Ebitdaal in Germany rose by 2.8% to 2.66 billion euros, exceeding analysts' estimates of 2.65 billion euros.

NVIDIA to the rescue? Trump causes dip in growth + Novo Nordisk strong again + Home Depot disappoints with outlook + Eon beats 2024 market estimates + Deutsche Telekom with record dividend for 2024 + Supermicro shares rise after filing financial reports

Nvidia $NVDA (-6,04%)Numbers after hours today

• Investors are hoping that NVIDIA's quarterly figures on Wednesday after the close can turn the ship around in the tech sector.
• A positive trend on Wall Street in the run-up to the figures would therefore not be surprising.
• However, only one thing is certain - the share will see a fluctuation of a few percent in one direction or the other after the results.
• It's going to be a wild ride!

Novo Nordisk $NOVO B (-2,25%)strong - Semaglutid copycat under pressure

• Novo Nordisk shares continued to recover on Tuesday, rising 5.6 percent at times.
• On Friday, the US health authorities officially declared the shortage of the GLP-1 antidiabetic agent semaglutide to be over.
• Novo's drugs Ozempic and Wegovy, which are primarily known as weight loss injections, are also based on this active ingredient.
• With the FDA's announcement, exemptions for copycat products containing semaglutide are now likely to expire.
• What is good news for Novo is bad news for its suppliers, who are being punished accordingly on the stock market.
• The shares of Hims & Hers Health $HIMS (-7,21%)fell by almost a quarter in pre-market Nasdaq trading.
• After Monday's attempt at stabilization, the stock is now likely to continue its steep decline.
• The semaglutide boom had brought them a record price of almost 73 dollars on Wednesday last week.
• Since September, they have increased around fivefold.
• They now cost only around 39.50 dollars in pre-market trading.

Home Depot $HD (-4%)disappointed with outlook

• The world's largest DIY chain Home Depot is entering the new year with cautious targets despite recent buoyant business.
• On a comparable basis, the management around CEO Ted Decker expects an increase in sales of around one percent this year, as the company, which is listed in the leading US index Dow Jones Industrial, announced in Atlanta on Tuesday.
• Analysts had expected more on average.
• In the final quarter of last year, however, sales on a comparable basis rose by a surprising 0.8 percent.
• Experts had predicted a decline here.
• However, the share price fell by more than two percent in pre-market US trading due to the outlook for the new year.
• In the full year 2024, the US company's revenue rose by 4.5 percent to 159.5 billion dollars (152.1 billion euros); on a comparable basis, however, this represents a decline of 1.8 percent.
• The bottom line profit fell by 2.2 percent to 14.8 billion dollars.
• Home Depot spent more on administration and sales, and depreciation and amortization also increased.
• Higher interest payments were also incurred.
• The quarterly dividend is nevertheless set to rise by 2.2 percent to 2.30 dollars per share.

Eon $EOAN (+5,4%)exceeds market estimates and forecast for 2024 better than expected

• Energy supplier Eon closed the past year better than the market had expected.
• Adjusted earnings before interest, taxes, depreciation and amortization (ber EBITDA) amounted to a good €9 billion, Eon announced in Essen on Wednesday.
• Although this is three percent less than in 2023, analysts had expected an even sharper decline.
• The experts surveyed by the company also did not expect Eon to return to the earnings level of 2023 in 2025.
• However, the management of the DAX-listed company is convinced of this.
• It expects an adjusted operating profit of EUR 9.6 to 9.8 billion in the current year, which would exceed the 2023 level even in the worst-case scenario.
• This will be made possible by strong investments, particularly in the expansion of the grid infrastructure.
• Eon increased its investment plans on Wednesday, as well as its medium-term profit expectations.

Deutsche Telekom $DTE (+0,37%)wants to grow - record dividend for 2024

• Deutsche Telekom intends to make further gains in the current year.
• Profit adjusted for special effects including leasing costs (EBITDA AL) is set to increase by around 4.5 percent to around 44.9 billion euros, the DAX-listed company announced in Bonn on Wednesday.
• The adjusted free cash flow is expected to increase by around 4 percent to around 19.9 billion euros.
• The latter figure can provide information on the ability to pay dividends and buy back shares.
• Group CEO Tim Höttges is positioning himself more cautiously than analysts expect on average for both key figures - Deutsche Telekom, on the other hand, argues with different exchange rate assumptions, among other things.
• In 2024, Deutsche Telekom generated revenue of just under 115.8 billion euros, around 3.4 percent more than in the previous year.
• Adjusted for special effects, earnings before interest, taxes, depreciation and amortization including leasing costs (EBITDA AL) rose by 6.2 percent to 43 billion euros.
• The Group's performance in both key figures was roughly in line with industry experts' expectations.
• On the bottom line, Telekom earned 11.2 billion euros after just under 17.8 billion euros in the previous year.
• There was a positive special effect from the sale of the radio tower.
• Shareholders are to be paid a dividend of 90 cents per share for the past year - more than ever before.

Supermicro shares $SMCI (-6,46%)rise after submission of financial reports

• Super Micro Computer recently filed its delayed financial reports, averting the threat of delisting from the Nasdaq.
• This news led to a significant increase in the company's share price, which rose by over 20% following the filing.
• Investors reacted positively to the news, as meeting the deadlines strengthens confidence in the company's management.
• Super Micro Computer has reached an important milestone with the timely filing of its financial reports, boosting investor confidence and driving share prices higher.
• The filing of the reports was crucial as Supermicro has faced uncertainty in recent months.
• In August last year, allegations of accounting manipulation were made, which led to the resignation of the auditor.
• These incidents had shaken investor confidence and led to a significant drop in the share price.
• The timely submission of the reports now marks a turning point for the company.

Wednesday: Stock market dates, economic data, quarterly figures

• Quarterly figures / company dates USA / Asia
• 15:00 3M Co, Investor Day
• 22:05 Salesforce.com Inc, 4Q results
• 22:05 Adtran Inc, Result 4Q
• 22:05 Ebay Inc, Result 4Q
• 22:20 Nvidia Corp, Result 4Q

• Quarterly figures / Company dates Europe
• 07:00 Fresenius SE | Covestro | Deutsche Telekom | Eon
• 07:00 Gerresheimer | Anheuser-Busch | Wienerberger Annual results
• 07:30 Auto1 | Munich Re | Danone Annual results
• 07:45 Ahold Delhaize detailed annual results and annual report
• 08:00 Stellantis | CRH annual results
• 09:00 Aston Martin annual results | Covestro BI-PK
• 10:00 Ceconomy AGM | Fresenius SE AGM-PC | Deutsche Telekom AGM-PC | Eon AGM-PC | Gerresheimer Analyst Conference
• 12:00 Eon Analyst Conference
• 13:30 Fresenius SE Analysts' Conference
• 15:00 Covestro Analyst Conference
• No time specified: BP Capital Markets Day

• Economic data

08:00 DE: GfK consumer climate indicator February

08:00 DE: Real wages (preliminary) 4Q & year 2024

08:45 FR: Consumer Confidence February

09:00 DE: Economic Barometer of the DIW (German Institute for Economic Research) February

16:00 US: New home sales January

16:30 US: Crude oil inventory data (week) from the government Energy Information Administration (EIA) previous week

The profit forecasts for the current financial year have risen for 21 of the 40 DAX companies.

According to research by Handelsblatt, analysts have raised their profit estimates for these 7 of the 40 DAX companies by at least five percent in the last three months.

Handelsblatt sheds light on the prospects of these seven companies and their shares with a view to their prospects: the development of earnings this year, the resulting changes in valuation - and how analysts are positioning themselves.

Below is a brief overview, details with further information can be found at "Handelsblatt"

$ENR (-3,42%) The earnings forecasts for Siemens Energy shares are rising most rapidly

$DBK (-6,4%) Deutsche Bank share: Rising profits cause valuation to fall sharply

For $QGEN Qiagen: Difficult times after the pandemic are over

$VNA (+8,1%) Vonovia makes billions in profit after billions in losses

$ZAL (-2,37%) Zalando: Takeover gives new share price potential

$MTX (-2,31%) MTU: Global market leader generates stable earnings

$DTE (+0,37%) Deutsche-Telekom: Unusually strong vote from analysts

Source / Graphics: Handelsblatt, 18.02.25