Mercedes Benz Group Azione Forum

Hi dear community,

After some thought, I have decided to sell my German shares. I had already decided for some time that I wanted to get rid of Bayer. But now there are also $MBG (-1,33%) and $PAH3 (-6,15%) have been added. I've had these up to now to diversify because of my large US holding. However, the current times make me doubt whether the EU and especially Germany are still competitive at all. I myself am a professional soldier and am glad that Trump won. You can think what you like about him, but his "America First" principle means that the EU will finally have to think about 1. the military and 2. the economy. I am of the opinion that an alliance like the EU should not become so dependent on America. I may now turn my attention to China and turn away from European companies for the time being.

Let me know if you share my opinion or not :)

Best regards

Portfolio changes in November and outlook for December 2024:

The allocation of the savings rate was adjusted in November. The bond share was increased ($SGIL (-0,03%) , $IGHY (+0,38%) ) and individual shares reduced. The ETF share remains (small and) constant as always.

For December, an increased focus on $MC (-0,96%) , $MONC (-0,58%) , $KER (+0,58%) and $OR (-1,17%) as the luxury sector has suffered severe setbacks this year, many companies are therefore attractively valued and offer a good buying opportunity.

$ASML (+0,71%) has also fallen sharply, but is still very highly valued. The correction is therefore likely to continue for a while yet. Nevertheless, another small buy is planned for December.

$MBG (-1,33%) is included in the portfolio for personal reasons and is more of a "fun investment". The dividends are very attractive, but I do not expect any significant price gains.

$GAIN (+1,88%) The company pays high monthly dividends and should therefore generate a larger cash flow in the portfolio. As the share price has fallen sharply over the year, now is a good opportunity to get in.

So much for last month and the outlook for December. As always, I look forward to constructive feedback 😄✌🏻

Report on the political and economic situation in Germany

After prolonged tensions and disagreements over the economic policy course, particularly with regard to the debt brake and investmentsChancellor Olaf Scholz effectively ended the traffic light coalition on November 6, 2024 with the dismissal of Finance Minister Christian Lindner (FDP) ended. The FDP then withdrew from the government and left the previous coalition with the Greens and the SPD broke up. Scholz sharply criticized Lindner's financial policy and accused him of using one-sided austerity policy the urgently needed modernization and promotion of growth in Germany.

In order to clarify the situation and "secure" the confidence of the Bundestag Scholz held a vote of confidence for January 15, 2025 has been announced. Should he lose this, the path for new elections would already be open end of March 2025 would be free. The CDU/CSU however, are calling for a quicker vote and are banking on new elections as early as January. Until the new elections, Scholz would form a minority government with the Greens lead.

The upcoming new elections could lead to a clear change of direction in Germany. Currently, the CDU/CSU dominate the opinion polls with around 32%. Voters who are disappointed with the previous traffic light coalition could now switch to a more conservative, more business-friendly program program. It is assumed that the election campaign topics will primarily focus on economic policy issues. At a time when Germany is struggling with weak economic growth, investment laziness and infrastructural challenges issues surrounding the debt brakefinancing public investment and ways to revive the economy could play a central role.

The political instability could short-term put pressure on the DAX $DAX under pressure in the short term. The index recently reached 19,275 points, a record high. Especially the sectors automotive industry ($VOW3 (-2,82%) | $MBG (-1,33%) | $BMW (-2,03%) ), the energy sector ($RWE (+4,16%) | $EOAN (-0,45%) ) and infrastructure companies could be affected by increased volatility due to their dependence on government increased volatility but this would also be limited.

At the heart of the crisis is the question of whether the debt brake can be loosened to allow urgently needed investments in infrastructure, education and digitalization to be financed. The possibility of a new government pursuing a looser fiscal policy could have a positive effect on the German economy and remove barriers to investment. reduce barriers to investment reduce barriers to investment.

A clear economic policy signal after the new elections could boost the confidence of investors and the long-term growth prospects of Germany. Election campaign topics such as structural reforms, improvement the competitiveness and investments in a sustainable infrastructure could lead Germany into a phase of sustainable growth.

Unfortunately, the political crisis comes at a time of geopolitical change, particularly with Donald Trump's return to the White House. Germany's role on the international stage, especially in transatlantic transatlantic relations and in trade issuescould be influenced by this realignment. The possibility of punitive tariffs or changes in US policy could economic policy decisions and investment decisions German companies even more difficult.

Analyst updates, 05.11.

⬆️⬆️⬆️

- ODDO BHF raises the price target for BIONTECH from USD 110 to USD 130. Outperform. $BNTX (+5,81%)

- BARCLAYS raises the price target for AIRBUS from EUR 161 to EUR 165. Overweight. $AIR (-1,39%)

- CITIGROUP raises the price target for SCOUT24 from EUR 91 to EUR 94.50. Buy. $G24 (-2,72%)

- WARBURG RESEARCH raises the price target for REDCARE PHARMACY from EUR 174 to EUR 176. Buy. $RDC (+1,08%)

- DEUTSCHE BANK RESEARCH raises the price target for RYANAIR from EUR 17 to EUR 17.50. Hold. $RYA (-1,69%)

- BERNSTEIN rates EBAY from Market-Perform to Outperform. Target price USD 70. $EBAY (+0,72%)

- ODDO BHF raises the price target for SALZGITTER from EUR 14 to EUR 15.50. Underperform. $SZG (-1,49%)

- BARCLAYS raises the target price for COMMERZBANK from EUR 16 to EUR 17. Equal-Weight. $CBK (-0,87%)

- BARCLAYS raises the target price for MTU from EUR 295 to EUR 340. Equal-Weight. $MTX (-1,01%)

- MORGAN STANLEY rates LUFTHANSA to Equal-Weight. Target price EUR 7. $LHA (-1,88%)

- BERENBERG raises the price target for DEUTSCHE KONSUM REIT from EUR 3.50 to EUR 5. Hold.

⬇️⬇️⬇️

- GOLDMAN lowers the price target for MERCEDES-BENZ from EUR 65 to EUR 63. Buy. $MBG (-1,33%)

- UBS lowers target price for 1&1 from EUR 21.60 to EUR 21. Buy.

- WARBURG RESEARCH lowers the price target for GFT TECHNOLOGIES from EUR 40 to EUR 37.50. Buy. $GFT (-2,1%)

- HAUCK AUFHÄUSER IB lowers the price target for ECKERT & ZIEGLER from EUR 63.50 to EUR 55. Buy. $EUZ (+2,04%)

- BARCLAYS lowers the price target for BNP PARIBAS from EUR 90 to EUR 85. Overweight. $BNP (-0,95%)

- BERENBERG downgrades SCHNEIDER ELECTRIC from Buy to Hold and lowers price target from EUR 261 to EUR 255. $SU (+0,54%)

- BERENBERG lowers the price target for BEFESA from EUR 41 to EUR 31. Buy. $BFSA (-2,49%)

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

The dates as a video:

https://youtube.com/shorts/Zvoh_ATJ8eU?si=HFvc8sRUsi38eXJf

Monday:

The ECB seems to have made the right decision last week. In Germany, producer prices fall for the 15th time in a row. This time more than expected. Producer prices fell by 1.4 %, 1.0 % had been expected. Energy in particular became cheaper. The price of other products even rose by an average of 1.5%.

https://www.handelsblatt.com/finanzen/geldpolitik/inflation-rueckgang-der-deutschen-erzeugerpreise-beschleunigt-sich/100081404.html

The truck subsidiary of VW, $8TRA (-0,97%) Traton, can report a significantly better operating result than expected. The net cash flow is also developing strongly. VW holds just under 90% of Traton. Business is particularly good in the USA.

https://www.handelsblatt.com/unternehmen/industrie/auto-vw-lkw-holding-traton-macht-bessere-geschaefte-als-gedacht/100081595.html

$SAP (-1,07%) SAP earns strongly and raises its forecast. Sales increased by 10% to 8.5 billion euros in the third quarter, while profits rose by 28% to 2.28 billion euros. This growth is primarily due to AI applications in the cloud division, which are in demand from customers.

https://www.handelsblatt.com/technik/it-internet/softwarekonzern-sap-gewinn-steigt-um-28-prozent-und-bringt-konzern-ins-dilemma/100081365.html

Tuesday:

After the stop at $INTC (+4,27%) Intel, now the stop at the next highly subsidized chip factory in Saarland. ZF, a domestic company, was even supposed to invest here together with the US company Wolfspeed. ZF is now pulling out of the billion-euro project. Once again it is clear that a planned economy does not work. Subsidized settlements are not a sustainable location policy.

https://www.handelsblatt.com/technik/it-internet/zf-autozulieferer-zieht-sich-aus-wolfspeed-chipfabrik-im-saarland-zurueck/100081423.html

The IMF has also lowered its GDP growth forecast for Germany. This year will probably see stagnation. Growth of 0.8 % is still expected next year. By comparison, Spain is expected to grow by 2.9 % this year. The biggest problems are well known. Too much bureaucracy, too high a tax burden and too much austerity on the part of the state. In such a situation, the state should actually invest more (infrastructure, education, etc.) instead of making savings. However, competitiveness must also be increased.

https://www.handelsblatt.com/politik/deutschland/weltwirtschaft-iwf-prognose-sieht-deutschland-weiter-als-wachstumsschlusslicht/100079427.html

The $MCD (+0,2%) McDonald's share price plummeted after it became known that E. coli cases were probably attributable to it. Yesterday, McDonald's was still in the headlines for Donald Trump's appearance.

https://www.cnbc.com/amp/2024/10/22/mcdonalds-shares-fall-after-cdc-says-e-coli-outbreak-linked-to-quarter-pounders.html

The Bank of Canada is accelerating its interest rate cuts. The key interest rate was cut by 50 basis points on Wednesday. This leaves the interest rate at 3.75%. The central bank now wants growth again now that inflation rates are back in line.

https://www.cbc.ca/amp/1.7360509

Thursday:

The Purchasing Managers' Index in Germany has risen surprisingly sharply. Both the Bundesbank and the IMF expect Germany to stagnate in 2024. The purchasing managers' index figures could point to an upturn. The index rose to 48.4 points, while economists were only expecting 47.6 points. However, the index only signals growth above 50 points ...

https://www.handelsblatt.com/politik/konjunktur/einkaufsmanagerindex-talfahrt-der-deutschen-wirtschaft-gestoppt/100082484.html

Good figures from $RNO (-0,98%) Renault and also $TSLA (+1,2%) Tesla are driving car stocks higher today. Renault was able to increase sales thanks to new models. Although Tesla achieved lower sales than expected, its profits were impressive thanks to cost savings.

https://www.handelsblatt.com/unternehmen/industrie/geschaeftszahlen-im-newsblog-renault-steigert-umsatz-mit-vielen-neuen-modellen-siltronic-leidet-unter-schwacher-nachfrage/24098412.html

Friday:

$MBG (-1,33%) Mercedes suffers from weak sales in China. Profits plummet by more than 50% in the third quarter. The return on sales falls below 5%. This puts the company on a par with core brand VW. In any case, too little for a luxury group. At least the cash flow is improving.

https://www.handelsblatt.com/unternehmen/industrie/autobauer-gewinn-von-mercedes-benz-bricht-um-54-prozent-ein/100081520.html

$HFG (+7,14%) Hellofresh delivers Q3 figures that are well above market expectations. Due to the high short ratio, there may now be a short squeeze here. Sales increased by 1.9% to 1.8 billion euros. AEBITDA amounted to 72 million euros, 30 million euros more than expected. Hellofresh lowers its sales forecast but raises its AEBITDA forecast for the full year.

https://stock3.com/news/hellofresh-q3-ebitda-deutlich-ueber-markterwartung-aktie-steigt-deutlich-15599996

Following the Purchasing Managers' Index, the ifo Index also rises surprisingly strongly. The index rose from 85.4 to 86.5 points. Economists had only expected an increase to 85.6 points. The current business situation is therefore being viewed more positively again by managers.

https://www.handelsblatt.com/politik/konjunktur/konjunktur-ifo-index-steigt-unerwartet-kraeftig/100082816.html

Most important dates in the coming week:

Tuesday: 14:00 House price index (USA)

Wednesday: 14:00 Inflation data (DE)

Thursday: 04:00 BoJ interest rate decision (Japan)

What other important dates can you think of?

#immos#inflation#boj

Week in review 26.10.

New 52-week highs or all-time highs: Gold, Silver, Booz Allen Hamilton, Boyd Gaming, Carvana, Endeavour Silver, GE Vernova, Iron Mountain, L3Harris, Philip Morris, Reddit, SAP, Sea Ltd, Teledyne Netflix, Nvidia, Microstrategy, Palantir PayPal, SoFi, Wells Fargo, Welltower, Wyndham Hotels & Resorts

Palantir (+170%) points to 2024 Vistra (+231%) and Nvidia (+202%) the third-best performer in the S&P 500

Tesla +20% after good quarterly figures, best trading day in 11 years, cheaper new model coming in H1/2025, +9% since the beginning of the year

New Apple MacBooks with M4, Mac mini and iMac will be presented next Monday, Apple shares +26% since the beginning of the year

McDonald's E.coli - bacteria in burger meat, one dead and several injured, shares fall 8%, +1% since the beginning of the year

SAP with good quarterly figures, +61% since the beginning of the year

Deutsche Bank with good quarterly figures, +26% since the beginning of the year

Mercedes with poor quarterly figures due to weak business in China, -9% since the beginning of the year

Microsoft-shareholders want to vote on Bitcoin purchase for the balance sheet at the Annual General Meeting in December, Bitcoin +59% since the beginning of the year

Qualcomm and ARM are in a license dispute over the Nuvia takeover, ARM +112% since the beginning of the year, Qualcomm +23% since the beginning of the year

Lockheed Martin with good quarterly figures, +24% since the beginning of the year

L3Harris with good quarterly figures, +24% since the beginning of the year

RTX (Raytheon) with good quarterly figures, sales and profit forecasts raised, +48% since the beginning of the year

UPS with good quarterly figures, -9% since the beginning of the year

Texas Instruments with good quarterly figures, +25% since the beginning of the year

Coca Cola with good quarterly figures, +15% since the beginning of the year

IBM with strong profit growth but disappointed sales, +36% since the beginning of the year

Munich RE Profit warning due to major losses, +24% since the beginning of the year

Starbucks has suspended its forecast for the coming financial year as new CEO Brian Niccol seeks to restructure the company but increases dividend, +5% year-to-date

Kering with profit warning as Gucci weakens in China, -40% since the beginning of the year

Enphase Energy with poor figures, share falls -12%, -37% since the beginning of the year

Traffic light government decides exit tax on ETF assets from €500,000, savings and independent investing are penalized even more, prosperity and freedom are made more difficult and hindered

Loopholes in the rent control for furnished apartments remain

" If you want to read a review like this every week, leave a like & subscribe here.

$TSLA (+1,2%)
$NVDA (-0,57%)
$PLTR (+2,5%)
$VST (+0,49%)
$BTC (+0,35%)
$AAPL (+1,15%)
$MCD (+0,2%)
$SAP (-1,07%)
$DBK (-1,86%)
$MBG (-1,33%)
$QCOM (-1,13%)
$ARM (-2,51%)
$MSFT (+0,97%)
$MSTR (-5,37%)
$RTX (+1,31%)
$LMT (-0,88%)
$LHX (+0,69%)
$UPS (+3,36%)
$DBK (-1,86%)
$SAP (-1,07%)
$TXN (-2,51%)
$KO (+0,3%)
$IBM (+0,56%)
$MUV2 (+0,21%)
$SBUX (+1,63%)
$KER (+0,58%)
$E2NP34
#steuern
#steuernsindraub
#rückblick
#palantir
#bitcoin
#krypto
#crypto
#aktien
#meme
#memes
#pltrgang

21.10.2024

iPhone 16 gets off to a strong start: Apple registers 20% more sales in China + SAP is too valuable for the German stock exchange + DAX outlook: 20,000-point mark remains firmly in sight + 11 DATEs that will be important this week + Jefferies lowers Munich Re to 'Hold' - target 485 euros

Apple $AAPL (+1,15%) can score points in China with a successful launch of the new iPhone 16. According to a Bloomberg report based on data from Counterpoint Research, sales in the first three weeks after the market launch were 20 percent higher than the previous year's model, with the more expensive versions of the new iPhone doing particularly well. Sales of the Pro and Pro Max models increased by 44 percent. According to Counterpoint analyst Ivan Lam, the start of production of the iPhone 15 last year was still characterized by supply bottlenecks, which slowed down the initial sales figures. These problems have largely been overcome with the iPhone 16.

The software company SAP $SAP (-1,07%) was the first to reach the new DAX cap of 15 percent. What now? Over the past year, the value of the German software group SAP has risen sharply. The company is currently valued at 212 euros per share on the Dax. Twelve months ago it was less than 130 euros.

https://www.golem.de/news/dax-unternehmen-sap-ist-zu-wertvoll-fuer-die-deutsche-boerse-2410-189998.html

With an increase of around 0.4 percent to 19,657 points, the DAX $GDAXI went into the weekend last Friday. This means that the stock market barometer could launch another attack on the 20,000-point mark in the coming week. Investors can find out which topics could influence the price trend in the DAX outlook. Do you think the 20,000 points will fall?

https://www.deraktionaer.de/artikel/maerkte-forex-zinsen/dax-ausblick-20000-punkte-marke-bleibt-fest-im-visier-20368521.html

The analyst firm Jefferies has Munich Re $MUV2 (+0,21%) from "buy" to "hold" and lowered its price target from 495 to 485 euros. In a study published on Monday, analyst Philip Kett mentioned that the reinsurer's share price had reached record highs despite Hurricane Milton. He reassessed his estimates and came to the conclusion that there was hardly any room for rising market expectations. His price target had already been exceeded.

11 DATES that will be important this week

1 China's central bank cuts key interest rates

The People's Bank of China is likely to ease its monetary policy further. Analysts expect it to lower its reference rates for 5-year and 1-year corporate loans to 3.65% (currently: 3.85%) and 3.15% (3.35%) respectively. This expectation is not only fueled by the announcement of comprehensive economic policy measures to stimulate growth, but also by statements made by central bank governor Pan Gongsheng. According to reports in the Chinese local media, he held out the prospect of a reduction of 20 to 25 basis points at an event.

>>> Monday, October 21, 2024; 3:00

2nd IMF hardly changes growth forecasts - focus on government debt

Economists and politicians are meeting in Washington for the annual meeting of the International Monetary Fund (IMF) and World Bank. The agenda initially includes the publication of the current World Economic Outlook (3.00 p.m.) and the Global Financial Stability Report (4.15 p.m.) on Monday, followed by the Fiscal Monitor on Tuesday (3.00 p.m.). The opening speech by IMF chief Kristalina Georgieva indicates that the IMF will primarily discuss the high and rising level of public debt and look for ways to strengthen economic growth in order to improve debt sustainability. There will also be no shortage of calls for austerity. The finance ministers and central bank governors of the G20 will meet on Thursday.

>>> Monday, October 21, 2024, 15:00

3. SAP $SAP (-1,07%)defies the weak economic environment

SAP appears to be unaffected by the weak economy. According to analysts' expectations, the Group seamlessly continued the growth of its cloud business in the third quarter. Even slight disruptive factors such as investigations in the USA and the departure of three board members have not thrown the Walldorf-based software giant off track. SAP will present its figures on Monday shortly after 22:00 after the close of the US stock exchange. An analysts' conference will take place at 23:00.

>>> Monday, October 21, 2024; 22:05

4. deutsche Börse $DB1 (-0,72%)remains on course for growth with Simcorp

Deutsche Börse should have remained on course for growth in the third quarter. The figures are likely to be characterized by the integration of Simcorp and a good development in the Trading & Clearing division. The exchange operator will probably confirm its targets for the year as a whole. Larger acquisitions are currently not an issue, not only because of the ongoing integration of Simcorp, but probably also due to the change in the Group's top management.

>>> Tuesday, October 22, 2024; 19:00

5th Deutsche Bank $DBK (-1,86%)with good investment banking - Postbank helps

The fact that Deutsche Bank is currently attracting less attention than a certain Frankfurt-based competitor is unlikely to be changed by the third quarter report. The bank will deliver solid figures and confirm its targets. Although the bank recently had to raise its forecast for risk provisioning, things are going well in the investment bank. CFO James von Moltke recently said that significant growth is expected, particularly in the M&A and issues business. The bank will also see a positive effect on earnings from the reversal of the Postbank provision, as it will not need the full EUR 1.3 billion for the settlement with the former Postbank shareholders. In this context, statements on new share buybacks should also be of interest.

>>> Wednesday, October 23, 2024; 7:00 a.m.

6 Beiersdorf $BEI (+0,1%)on the home straight after the summer quarter

After the first nine months, Beiersdorf should be on track for its full-year targets for both sales and EBIT margin. The summer quarter is likely to have benefited from strong demand for sun protection and the derma skin care brands. The innovation Epicelline and the launch of Eucerin Face in the USA should also be well received. On the other hand, further declines in sales for the luxury cosmetics brand La Prairie in China. Nevertheless, organic sales growth at Group level and in both the Consumer and Tesa segments is likely to have been in line with the target range - with Consumer tending towards the upper end and Tesa and the Group towards the lower end. Following a pull-forward effect in the second quarter, Tesa could deliver somewhat weaker results in the third quarter. With the second quarter figures, Beiersdorf had explained that the development in the US market and at La Prairie in the second half of the year would be decisive for the positioning in the target range.

>>> Thursday, October 24, 2024; 07:00

7. symrise $SY1 (-1,55%)could raise the forecast

Symrise is likely to have increased sales and margins in the third quarter. According to analysts, strong sales in both divisions and better pricing should have contributed to this. The focus is on the forecast. In August, CFO Olaf Klinger held out the prospect of a review after the end of the quarter and a possible increase - which is expected by the market. However, analysts at UBS also point out that the fragrance and flavor manufacturer usually gives conservative forecasts. Investors may also ask about the planned sale of the business with ingredients and flavor enhancers for feed for fish farming.

>>> Thursday, October 24, 2024; 07:30

9. Mercedes-Benz $MBG (-1,33%)burdened by weakness in China

Burdened by the weak market environment and increasing price pressure, Mercedes-Benz recently had to lower its outlook for this year twice within a short space of time. The reluctance to buy has hit the DAX-listed company particularly hard in China, where sales of particularly expensive and high-margin luxury cars have increasingly lost momentum. However, there are also positive aspects that analysts are emphasizing at the Stuttgart-based premium car manufacturer, such as its commitment to the dividend payout ratio and share buybacks. The management should emphasize this again when presenting the quarterly figures so that the mood does not change even more.

>>> Friday, October 25, 2024; 07:30

10th Ifo business climate index rises in October

Economists expect the Ifo Business Climate Index to have risen again in October for the first time since April - to 85.6 (September: 85.4) points. Nevertheless, the situation of the German economy is tricky. From a cyclical perspective, an Ifo increase would indicate an improvement. Energy prices are no longer weighing so heavily on the economy and the effects of high key interest rates are slowly easing. However, the structural problems in the automotive industry, which is so important for Germany, are likely to persist for some time to come, and the rest of the export-oriented industry will also have to adjust to the new geopolitical conditions for some time to come.

>>> Friday, 25.10.2024; 10:00

11. at Porsche $P911 (-1,57%)everything depends on the final quarter

The situation at Porsche has become increasingly gloomy in recent months. It was already foreseeable at the beginning of the year that the many model changes would entail high expenses and that the environment in China would be difficult. However, this was recently compounded by delivery problems, production interruptions and considerably tougher competition. When the figures for the third quarter are presented, analysts are only expecting a return of just over 11 percent - but Porsche is aiming for 14 to 15 percent for the year as a whole. The management's comments on the final quarter will therefore be the linchpin in terms of target achievement.

>>> Friday, October 25, 2024; 17:30

Monday: Stock market dates, economic data, quarterly figures

ex-dividend of individual stocks

CVS Health USD 0.67

Caterpillar 1.41 USD

Bank of New York Mellon USD 0.47

Husqvarna (B) SEK 2.00

Quarterly figures / company dates Europe

03:00 Logitech quarterly figures

07:35 Forvia SE sales 3Q

18:30 Metro Trading Statement 4Q

22:05 SAP quarterly figures

23:00 SAP Analyst Conference

Economic data

• 08:00 DE: Producer prices September FORECAST: -0.2% yoy/-1.0% yoy previously: +0.2% yoy/-0.8% yoy
• 16:00 US: Index of leading indicators September FORECAST: -0.3% yoy previous: -0.2% yoy
• 19:30 US: Federal Reserve Bank of Minneapolis President Neel Kashkari speaks at Chippewa Falls Area Chamber of Commerce event
• 23:00 US: Federal Reserve Bank of Kansas City President Jeffrey Schmid speaks at CFA Society Kansas City event

Unfortunately, I missed the jump in time, but so be it... It's a shame about the dividend, but I no longer see the potential at the moment, nor do I see it in the future.... for all European car manufacturers.

Money has flowed into $8001 (+0,18%) flowed into

PS: Bought in the Corona "Crash"

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/FGvcLLAZSYk?si=Xyx01rfa453zdtpG

Monday:

The order situation in German industry is developing poorly. Orders fell by 5.8% in August. Economists had expected a decline of only 2.0%. Experts see this as a further sign of crisis in German industry.

https://www.handelsblatt.com/politik/konjunktur/konjunktur-deutsche-industrie-mit-auftragsminus-von-58-prozent/100076767.html

In order to ease the burden on the German pension system, the economic experts now have an unconventional proposal. Children aged 6 and over could be given 10 euros a month by the state to invest in a selected fund with a high proportion of equities.

https://www.handelsblatt.com/politik/deutschland/finanzen-wirtschaftsweise-kindern-geld-fuer-fonds-kauf-geben/100076917.html

Tuesday:

$MCD (+0,2%) McDonald's is suing the four largest beef suppliers in the USA. The company accuses them of price fixing and forming a cartel. The companies include $JBSS3 JBS, $TSN (+1,49%) Tyson Foods, Cargill and National Beef

From Tuesday to Wednesday, the HBO documentary on $BTC (+0,35%) Bitcoin. According to HBO, the secret of Satoshi Nakamoto will be revealed. Nakamoto is considered the creator of Bitcoin, but his identity is still unknown. Nakamoto probably owns 1.1 million Bitcoins, which corresponds to a value of around USD 60 billion. A revelation could be highly explosive for the financial markets.

The revelation is that, according to HBO, Peter Todd is behind Satoshi Nakamoto, but he vehemently denies this.

https://www.bild.de/geld/wirtschaft/bitcoin-erfinder-satoshi-nakamoto-hbo-doku-will-das-geheimnis-lueften-67055b32dd4668399e3be478

https://www.btc-echo.de/schlagzeilen/hbo-tischt-falschen-bitcoin-erfinder-auf-193148/

Wednesday:

German exports are growing, contrary to expectations. In August, goods worth 131.9 billion euros were exported, 1.3% more than in July. The USA in particular is driving exports. Exports to Germany's most important trading partner grew by 5.5%. Exports to China and the UK also increased. Imports, on the other hand, fell slightly to 109.4 billion euros.

https://www.handelsblatt.com/politik/konjunktur/aussenhandel-deutsche-exporte-legen-zu-importe-sinken-deutlich/100077496.html

The FOMC minutes were published on Wednesday evening. Overall, these were received positively on the stock market. The 0.5 percentage point cut in the US was approved by a large majority. However, this is probably not intended to determine the pace of further interest rate cuts.

https://www.handelsblatt.com/finanzen/geldpolitik/fed-prokolle-us-notenbanker-xl-senkung-gibt-kein-tempo-fuer-zinswende-vor/100077711.html

Thursday:

With $BMW (-2,03%) BMW and $MBG (-1,33%) Mercedes, two German brands have made it into the top 10 best-known brands. According to Interbrand, the brand alone is worth more than the companies are currently valued on the stock market. $TSLA (+1,2%) Tesla, on the other hand, is clearly losing brand value. One of the reasons cited is that Elon Musk supports Donald Trump.

https://www.handelsblatt.com/unternehmen/it-medien/interbrand-ranking-zwei-deutsche-in-den-top-ten-der-wertvollsten-marken-der-welt/100072227.html

However, car manufacturers are unable to translate this brand strength into sales. BMW sold 13% fewer cars in the 3rd quarter than in the previous year. Sales fell to 540,000 vehicles. In China in particular, sales fell by 29.8%. However, the main reason for this was delivery stops due to Continental's brake systems. Mercedes was even able to increase sales, at least compared to the previous quarter. In China, however, Mercedes sales also fell by 13%. Mercedes sold a total of 503,600 cars in the 3rd quarter.

https://www.handelsblatt.com/unternehmen/industrie/bmw-und-mercedes-schwaches-china-geschaeft-belastet-den-absatz/100077838.html

Inflation in the USA falls to 2.4%, although this is 0.1 percentage points above the general expectation. This means that the inflation rate is still above the Fed's target of 2%. A second major interest rate cut of 50 basis points has therefore become less likely.

https://www.wiwo.de/finanzen/boerse/bitcoin-kurs-aktuell-inflation-in-den-usa-bei-2-4-prozent-bitcoin-gibt-leicht-nach/27382428.html

$NET (+3,8%) Cloudflare acquires Kivera, enabling it to further expand its position in IT security. This will make the use of cloud services in particular more secure for corporate customers.

https://netzpalaver.de/2024/10/10/cloudflare-uebernimmt-kivera-zur-gewaehrleistung-einfacher-praeventiver-cloud-sicherheit/

Elon Musk has promised autonomous driving, but he has delivered a new date. In 2026, series production at $TSLA (+1,2%) start at Tesla. That would be 10 years since he announced the breakthrough. Elon Musk has thus disappointed the markets. What's more, if his bet on Trump doesn't work out, 2026 is also unlikely to be achievable. Only with Trump could the rules be adapted so that the robo-taxi arrives as early as 2026.

https://www.businessinsider.de/wirtschaft/international-business/elon-musk-enthuellt-robotaxi-von-tesla-so-viel-soll-es-kosten/

Friday:

Also $P911 (-1,57%) Porsche is also selling fewer cars, and Porsche's main problem lies in the Chinese sales market. Porsche is also selling almost 1/3 fewer vehicles in China. Similar to Mercedes and BMW, Porsche has hardly granted any price reductions on its vehicles.

https://www.handelsblatt.com/unternehmen/industrie/vw-konzern-porsche-verkauft-weniger-autos-taycan-absatz-bricht-ein/100077981.html

Most important dates in the coming week:

Tuesday: 11:00 ZEW survey (DE)

Thursday: 14:15 Interest rate decision (ECB)

Friday: 10:00 Current account balance (EU)

What other important dates can you think of?

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