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 (-1,88%) 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 (+2,94%) 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 (+2,81%) 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 (+1,63%) 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 (+0,42%) 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 (-0,01%) 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

Heidelberg Materials aims for further growth in operating profit + Hamborner REIT exceeds expectations + Fuel cell specialist SFC Energy expects further growth + Citigroup raises Thyssenkrupp price target and praises Marine IPO

Heidelberg Materials $HEI (+1,3%)aims for further growth after record operating profit

• The building materials group Heidelberg Materials (formerly Heidelbergcement) is optimistic for the current year following a record operating profit.
• "Thanks to our broad geographical positioning and active cost and price management, we were able to more than compensate for declines in demand in individual regions," said CEO Dominik von Achten on Tuesday in Heidelberg.
• Although the construction sector is still characterized by volatility in some regions, the stabilization in the core markets is continuing.
• The management therefore expects earnings growth again in the current year.
• In 2024, turnover remained at the previous year's level of just under EUR 21.2 billion despite declining sales volumes, as the DAX-listed company announced.
• Adjusted EBIT - the so-called RCO - increased by 6 percent to 3.2 billion euros.
• A savings program also contributed to this. This was as much as analysts had expected.
• The bottom line was a profit attributable to shareholders of just under 1.8 billion euros after around 1.9 billion euros in the previous year.
• For the current year, the Executive Board expects adjusted earnings before interest and taxes of between EUR 3.25 billion and EUR 3.55 billion.

Hamborner REIT $HABA (+4,13%)exceeds expectations with operating result

• The commercial real estate specialist Hamborner Reit generated more rental and lease income last year thanks to property acquisitions.
• Rental and leasing income rose by 2 percent year-on-year to EUR 93.0 million in 2024, as the company announced on Tuesday based on preliminary figures.
• However, funds from operations (FFO), an important operating indicator for the real estate sector, fell by 5.5% to EUR 51.6 million.
• Higher expenses for maintenance, personnel and administration also had a negative impact here.
• FFO is slightly above the average analyst estimate.
• The net asset value per share fell by 2.3% year-on-year to EUR 9.79.
• The company had already commented on the outlook and the dividend last week.
• Accordingly, income from rents and leases is expected to fall to between EUR 87.5 million and EUR 89.0 million, primarily due to the sale of properties.
• The expected decline in FFO to between EUR 44.0 million and EUR 46.0 million was also held back by increased maintenance and personnel costs as well as expenses for strategic and regulatory projects.
• As already announced, the dividend is expected to remain at the previous year's level of 48 cents per share.

Fuel cell specialist SFC Energy $F3C (-1,88%)expects further growth

• The fuel cell specialist SFC Energy intends to continue its growth course in the current year.
• Sales are expected to increase by around 11 to 25 percent to between 160.6 million and 180.9 million euros in 2025, the company announced when presenting its preliminary annual figures.
• The strongest growth impetus is likely to come from the North American and Asian regions.
• SFC expects adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to be between 24.7 and 28.2 million euros.
• The company can build on well-filled order books.
• The order backlog rose by 28.6 percent to around 104.6 million euros at the end of the year.
• Thanks to high demand in the fourth quarter, incoming orders increased from 124.8 to 167.7 million euros in 2024.
• Last year, SFC increased its turnover by 22.5% to 144.75 million euros, according to the statement.
• The company thus reached the upper end of its forecast.
• Adjusted EBITDA grew by 45.2 percent to 22 million euros and was better than SFC had recently forecast.

Citigroup raises thyssenkrupp price target $TKA (-7,57%)and praises Marine IPO

• The US bank Citigroup has raised its target price for Thyssenkrupp from 5.50 to 8.50 euros and left its rating at "Buy".
• Cash, price drivers, options - the steel and industrial group has all this practically in abundance, wrote analyst Ephrem Ravi in his reassessment published on Tuesday.
• The only decisive factor for success is implementation.
• The spin-off of the marine division and the further reduction of the steel business could create enormous value.
• The marine division alone could cover the current market capitalization of the entire group.

Tuesday: Stock market dates, economic data, quarterly figures

• ex-dividend of individual stocks
• Compania de Distribucion Integral Logista Holdings EUR 1.53
• CDW Corporation USD 0.63

• Quarterly figures / company dates USA / Asia
• 12:00 Home Depot annual results
• 14:30 Paypal Investor Day
• 17:00 Apple AGM

• Quarterly figures / Company dates Europe
• 07:00 Fresenius Medical Care | Heidelberg Materials | Hamborner Reit Annual results
• 07:30 Raiffeisen Bank International | SFC Energy | Uniper Annual Results
• 08:00 Flatexdegiro Annual results
• 08:30 Uniper Analyst Conference
• 09:00 Flatexdegiro PK
• 10:00 Fresenius Medical Care | Heidelberg Materials BI-PK
• 11:00 Hamborner Reit Analyst and Press Conference | Uniper BI-PK
• 14:00 Fresenius Medical Care | Heidelberg Materials | Flatexdegiro Analyst Conference
• 18:00 ASM International annual figures
• 22:00 Alcon annual figures

Economic data

08:00 DE: GDP (2nd release) 4Q calendar and seasonally adjusted yoy FORECAST: -0.2% yoy 1st release: -0.2% yoy 3rd quarter: +0.1% yoy calendar adjusted yoy FORECAST: -0.2% yoy 1st release: -0.2% yoy 3rd quarter: -0.3% yoy

08:00 DE: Main construction sector, new orders and sales December

08:00 DE: Maastricht ratio (government revenue and expenditure) 2024

11:00 EU: ECB wage index

11:00 DE: Governing Council member Nagel, press conference on the presentation of the Bundesbank Annual Report 2024

11:00 DE: Deutsche Bundesbank, Balance sheet press conference with President Nagel

14:00 UK: ECB Director Schnabel, speech at conference on "The Future of the Central Bank Balance Sheet"

14:00 HU: Hungarian Central Bank results of the Monetary Policy Council

16:00 US: Consumer Confidence Index February FORECAST: 102.4 previous: 104.1

17:45 US: Fed Governor Barr, speech at "Yale Program on Financial Stability" event

19:00 US: Fed Richmond President Barkin, speech at the Rotary Club of Richmond

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

Also as a video:

https://youtube.com/shorts/1twl5CSaT68?si=UjOEsp-L4PnrhQWi

Sunday:

Due to the support for Ukraine 🇺🇦, arms exports from Germany are heading for a new record high. Goods worth 10.9 billion euros have already been exported. The record value from the previous year is 12.2 billion euros.

https://www.handelsblatt.com/unternehmen/industrie/waffenindustrie-deutsche-ruestungsexporte-steuern-auf-rekordhoch-zu/100089056.html

Tuesday:

$F3C (-1,88%) SFC Energy has raised its forecast for the year. Sales increased by 20 % in the first three quarters. Profit before tax also increased by 35 %. In the third quarter, however, there was a decline of 27%. The forecast for the overall result for the year has been raised slightly.

https://www.ecoreporter.de/artikel/wasserstoff-sfc-energy-hebt-jahresprognose-an/

The inflation rate in Canada 🇨🇦 is rising again, to 2%. Adjusted core inflation is also still well above the Canadian central bank's 2% inflation target.

https://ch.marketscreener.com/kurs/wahrung/CANADIAN-DOLLAR-US-DOLLAR-2373592/news/Kanadas-jahrliche-Inflationsrate-steigt-im-Oktober-auf-2-48407017/

Wednesday:

Producer prices in Germany continue to fall, albeit by only 1.1%. The sharpest rise was in butter, of all things. On average, butter cost more than 50% more than a year ago.

https://www.handelsblatt.com/finanzen/geldpolitik/inflation-erzeugerpreise-fallen-zum-16-mal-in-folge-hohes-plus-bei-butter/100089621.html

Thursday:

As inflation in Turkey remains high, the central bank is leaving the key interest rate at 50%. However, experts expect it to be cut to 47.5% in December or January at the latest.

https://www.handelsblatt.com/finanzen/geldpolitik/geldpolitik-tuerkische-zentralbank-belaesst-leitzins-bei-50-prozent/100089901.html

Friday:

GDP in Germany in the 3rd quarter was lower than expected, with growth of 0.1% in the previous quarter. Growth of 0.2 % had been forecast.

https://www.handelsblatt.com/politik/konjunktur/bip-deutsche-wirtschaft-waechst-im-dritten-quartal-langsamer-als-erwartet/100090073.html

Angela Merkel criticizes Olaf Scholz for his direct criticism of Christian Lindner after his dismissal. Merkel even goes so far as to say that Olaf Scholz has thereby violated the dignity of the office of Chancellor.

https://www.handelsblatt.com/politik/deutschland/interview-merkel-kritisiert-scholz-auftritt-bei-rauswurf-von-lindner/100090113.html

Most important dates in the coming week:

Tuesday: 20:00 FOMC minutes (USA)

Wednesday: 14:30 Economic data (USA)

Friday: 00:50 Economic data (Japan)

What other important dates can you think of?

#fed
#usa
#japan
#wirtschaftsdaten

⬆️⬆️⬆️

- BOFA raises the price target for WALMART from USD 95 to USD 105. Buy. $WMT (-4,08%)

- JEFFERIES raises the price target for WALMART from USD 100 to USD 105. Buy. $WMT (-4,08%)

- HAUCK AUFHÄUSER IB raises the target price for RHEINMETALL from EUR 680 to EUR 750. Buy. $RHM (-6,51%)

- WARBURG RESEARCH raises the target price for RHEINMETALL from EUR 600 to EUR 700. Buy. $RHM (-6,51%)

- JPMORGAN raises the price target for SALESFORCE from USD 310 to USD 340. Overweight. $CRM (-2,42%)

- WARBURG RESEARCH raises the target price for LEG IMMOBILIEN from EUR 81.60 to EUR 90.50. Hold. $LEG (-1,42%)

- DEUTSCHE BANK RESEARCH raises the price target for HEIDELBERG MATERIALS from EUR 116 to EUR 137. Buy. $HEI (+1,3%)

- KEPLER CHEUVREUX raises the price target for GFT TECHNOLOGIES from EUR 31 to EUR 32. Buy. $GFT (-4,39%)

- ODDO BHF raises the target price for TALANX from EUR 76 to EUR 78. Underperform. $TLX (-0,05%)

- KEPLER CHEUVREUX raises the target price for THYSSENKRUPP from EUR 3.70 to EUR 3.80. Hold. $TKA (-7,57%)

⬇️⬇️⬇️

- STIFEL lowers the price target for BAYER from EUR 36 to EUR 28. Hold. $BAYN (-6,21%)

- LBBW downgrades ENI from Buy to Hold and lowers target price from EUR 16.70 to EUR 15. $ENI (+2,03%)

- WARBURG RESEARCH lowers the target price for SFC ENERGY from EUR 29 to EUR 27. Buy. $F3C (-1,88%)

- WARBURG RESEARCH lowers the target price for TECHNOTRANS from EUR 23 to EUR 21. Buy. $TTR1 (+0,75%)

- DEUTSCHE BANK RESEARCH lowers the price target for CUREVAC from USD 3.90 to USD 2.50. Hold. $CVAC (-5,76%)

- BERENBERG lowers the price target for ASTRAZENECA from GBP 150 to GBP 140. Buy. $AZN (-0,42%)

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

Also as a video:

https://youtube.com/shorts/f1cIaitToNs?si=tMcWHG_ghWmIROch

Sunday:

More and more companies are pushing into the $NVDA (-0,95%) NVIDIA. After Alphabet and Intel, the most valuable company in the world is now also announcing its own AI chips. Microsoft has become the most valuable listed company thanks to Chat GPT and OpenAI and could thus also reduce its dependency. Experts expect annual growth of 25% in the AI chip market by 2029

https://www.handelsblatt.com/technik/forschung-innovation/microsoft-wie-der-softwareriese-zum-chiphersteller-wird/100033199.html

Monday:

Milei has recently been repeatedly criticized for a variety of reasons. However, his reforms are now paying off for Argentina 🇦🇷. The IMF is satisfied and releases a new loan tranche. Argentina has attracted attention in the past with debt cuts and state bankruptcies. Javier Milei has now cut jobs in the public sector, reduced subsidies and ended social programs.

https://www.handelsblatt.com/finanzen/geldpolitik/argentinien-besser-als-erwartet-iwf-gibt-kredittranche-frei/100037515.html

Tuesday:

Consolidation in the delivery service market continues. Uber joins $DHER (+1,53%) Delivery Hero and takes over the Taiwan business. Uber buys new shares worth 300 million euros, 30% above yesterday's closing price.

https://www.manager-magazin.de/unternehmen/delivery-hero-aktie-mit-kursrallye-uber-steigt-ein-bei-lieferdienst-a-957f5cca-a5bc-484a-80f9-e25226345ef8

Contrary to many claims that the location in Germany is not attractive enough, Germany is now reporting a record level of foreign investment. These increased by a third to 34 billion euros. The USA remains the largest investor, followed by Switzerland and then China. However, foreign investors also complain about bureaucracy, comparatively expensive energy and the weak economy in Germany.

https://www.handelsblatt.com/politik/konjunktur/konjunktur-studie-auslandsinvestitionen-in-deutschland-steigen-auf-rekordniveau/100037580.html

Producer prices in the USA 🇺🇸 have risen more sharply than expected. This could postpone a Fed rate cut further and has dampened the euphoria on the stock markets.

https://www.handelsblatt.com/finanzen/maerkte/marktberichte/dow-jones-sp-500-nasdaq-us-anleger-reagieren-kaum-auf-hohe-erzeugerpreise/100037660.html

Wednesday:

Inflation in the USA 🇺🇸 is easing slightly. In March, inflation stood at 3.5% and in April at 3.4%. This was expected by experts and is therefore not surprising information.

https://www.handelsblatt.com/finanzen/geldpolitik/verbraucherpreise-us-inflation-sinkt-leicht-auf-34-prozent/100037130.html

Our moonshot stock $F3C (-1,88%) SFC Energy has made significant gains. Sales increased significantly again in Q1 by 46% to 40.1 million euros. Net profit also grew by more than 100%. The order volume also increased significantly. SFC Energy specializes in fuel cells for power supply.

https://www.deraktionaer.de/artikel/aktien/sfc-energy-wasserstoff-aktie-geht-durch-die-decke-das-ist-der-grund-20357540.html

Our value stock $CSCO (+0%) Cisco is also performing well, exceeding expectations by USD 0.05 per share. Sales in Q3 were also higher than expected. Cisco's revenue forecast also exceeds expectations.

https://de.investing.com/news/stock-market-news/cisco-eps-ubertrifft-schatzungen--um-005---umsatz-besser-als-erwartet-2622101

Thursday:

$BOSS (-1,65%) Hugo Boss can make significant gains on the stock market after a multi-year partnership with David Beckham was announced. Beckham even traveled to the HQ in Metzingen a few weeks ago, but it was unclear whether such a deal would actually materialize.

https://group.hugoboss.com/en/newsroom/news/news-detail/hugo-boss-signs-strategic-partnership-with-david-beckham-in-a-multi-year-design-collaboration

Friday:

Japan's GDP 🇯🇵 is shrinking. This makes interest rate hikes in Japan less likely again; the last time there was an increase was in 2007. Japan's GDP shrank by 2.0%, significantly more than the 1.5% expected by experts. The central bank in Japan should actually raise interest rates, as the national currency is worth as little as it was last in 1990.

https://www.handelsblatt.com/finanzen/geldpolitik/asien-japans-bip-schrumpft-und-erschwert-zinserhoehungsplaene-der-bank-of-japan/100037773.html

Most important dates in the coming week:

Monday: 10:00 ifo Business Climate Index (DE)

Wednesday: 20:00 FOMC Minutes (USA)

Friday: 10:00 Purchasing Managers' Index (EU)

Hello everyone,

Today I would like to introduce you to my portfolio. As you probably know, it's just too much fun to expand my portfolio with new stocks. There are now a few too many, but I still can't really part with my worst-performing stocks ($NVM (+0,49%) , $ENPH (+3,86%) , $WAC (+0,26%) ). I'm hoping that I'll be able to sell them in positive territory at some point, or am I on the wrong track and in your opinion should I sell at a loss and try to make up the loss with other stocks?

I have been investing since the end of 2022 and at 29 years old, I still have a long time to go. My strategy is to be as desertified as possible in sectors and to beat the market in the long term (just let me believe that it works :D), hence so many individual stocks. I want to hold these for many years (esp. $AMZN (-2,23%) , $GOOGL (+0,19%) , $QCOM (+2,15%) , $MSFT (-2,26%) , $V (-0,72%) , $MC (-2,24%) , $SALM (+3,37%) ) but I'm also not too keen to pocket the profits. Are there any stocks in my portfolio that you would view critically for the next few years and would be worth considering selling? Recession and all that...

Priority is on growth, which is reasonably safe, so only a few small caps - but a few bets have to be in there :) ($AIDX (+2,47%) , $NRX (-2,2%) , $ITM (-0,91%) , $F3C (-1,88%) , $MITK (-0,45%) ). But with rather small amounts, probably too small or what do you say?

At the same time, I would also like to claim a €900 allowance via dividends ( $BATS (+0,05%) , $ENB (+1,33%) , $BNPQY (+0,52%) , $STLAM (-0,97%) , $ENGI (+2,38%) , $RIO (-0,51%) ) and secure a trade or two.

Recently I have been investing 240€/m in the $XDWD (-0,12%) and between 200 - 500€/m in individual shares (depending on what is left). Actually, I want to increase the existing shares properly now, but somehow there are always nice entry options in solid companies like $0L2T (+1,03%) , $ZTS (+1,01%) , $ADM (+1,91%) , $PANW (-0,52%) , $ENR (-3,02%) . Help what to do? :D

And then there's also crypto $BTC (+2,43%)
$NEAR (+2,39%)
$ADA (+3,71%)

And Japan, they're doing well too $4063 (-2,8%) , $6501 (-0,48%) , $8001 (+2,21%)

Looking forward to your feedback and advice!

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/_fYt2kvdPcI?si=oXqhl5CxOBSVXN6R

Monday:

Now also $BEI (-0,85%) Beiersdorf, the Nivea Group, is also increasing its dividend. For the first time since 2008, from 70 cents to one euro per share. The share price rises significantly.

https://www.handelsblatt.com/unternehmen/handel-konsumgueter/nivea-hersteller-beiersdorf-erhoeht-dividende-von-70-cent-auf-einen-euro/100012941.html

Tuesday:

$F3C (-1,88%) SFC Energy, an investment from our Growth Portfolio, was able to impress with its figures. Sales and EBITDA both exceeded expectations. Sales growth amounted to 39%. SFC Energy manufactures methanol and hydrogen fuel cells.

https://www.handelsblatt.com/unternehmen/industrie/geschaeftszahlen-im-newsblog-toyota-hebt-nach-gewinnsprung-die-jahresprognose-an-infineon-mit-umsatzrueckgang/24098412.html

The Reserve Bank of Australia (RBA) leaves the key interest rate at 4.35% as inflation continues to fall. Weak retail sales figures in Australia are strengthening hopes that a rate cut could be imminent. Before today's meeting, some were expecting a further rate hike to get inflation under control.

https://amp.theguardian.com/australia-news/2024/feb/06/rba-interest-rates-announcement-hold-4-35

The retail sector in the EU can look back on a weak year in terms of sales. Sales fell by 1.8%. Despite Christmas sales, revenue in December fell by 1.1% compared to November.

https://www.handelsblatt.com/politik/konjunktur/handel-einzelhandel-im-euroraum-hat-2023-weniger-kasse-gemacht-auch-minus-im-dezember/100013122.html

Wednesday:

Our value stock $TMV (-1,93%) Teamviewer presented figures and surprised positively. Sales increased by 11% in the lower range of the forecast. Net profit increased by 66% to 114 million euros. In its forecast for the coming year, Teamviewer expects sales growth of 7 - 11% and an EBITDA margin of 43%.

https://www.finanzen.net/amp/marge-soll-weiter-wachsen-teamviewer-aktie-teamviewer-kann-nettogewinn-deutlich-steigern-13238074

Thursday:

While the rest of the world is battling inflation, China is struggling with deflation. In January, prices fell by 0.8% compared to the previous month.

Deflation is more dangerous than inflation because investments and consumption are often postponed, which can trigger a negative spiral. For this reason, central banks worldwide also have an inflation target of around 2.0% per year.

https://www.handelsblatt.com/politik/international/deflation-preise-in-china-fallen-im-januar-so-stark-wie-seit-2009-nicht/100013117.html

$NET (-4,57%) Cloudflare, one of our portfolio stocks, has gained significantly in value. One reason for this is probably the news that Mark Anderson is to become the new President of Revenue. Mark Anderson was previously CEO of Alteryx and before that he helped to significantly increase Palo Alto Networks' revenue. More important, however, is probably the news that Cloudflare was able to increase its free cash flow to 14% of revenue, which increased by 32% over the year. Cloudflare is therefore growing profitably, but with a KCV of around 60, it still has a sporty valuation.

https://cloudflare.net/news/news-details/2024/Cloudflare-Appoints-Mark-Anderson-as-President-of-Revenue/default.aspx

The three most important dates in the coming week:

Tuesday: 14:30 Inflation data (USA)

Wednesday: 11:00 GDP figures (EU)

Thursday: 03:00 Retail sales (China)

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

Also as a video:

https://youtube.com/shorts/2coHw8RyH4w?si=I1h6S0_Cn96_RdOg

Monday:

$F3C (-1,88%) SFC Energy raises its forecast. They want to grow by 30 % every year. We have had the company in our Moonshot portfolio for some time. Especially because of the hydrogen technology in their new fuel cell.

https://stock3.com/news/sfc-energy-die-latte-wird-sehr-hochgelegt-13662218

The price of gold rises to a new 6-month high. The previous record high was USD 2075 in 2020. We personally only hold very small amounts of gold. This is because gold is not a productive asset and therefore only fulfills the purpose of risk diversification at best.

https://www.handelsblatt.com/finanzen/anlagestrategie/chart-des-tages-goldpreis-steigt-auf-sechs-monats-hoch/100001542.html

Exciting developments at $VOW3 (-0,07%) VW, the Group is valued particularly low on the stock market compared to its competitors. Although VW sells around a third as many electric cars as Tesla, the Group is only worth around a tenth of Tesla on the stock market. In addition, the VW Group sells around five times as many combustion cars as Tesla sells in total. One reason is that VW's margins are too low. The costs are too high, including labor costs. That is why Wolfsburg is now planning job cuts despite billions in profits. The aim is to survive the competition with Tesla in the long term.

https://www.handelsblatt.com/unternehmen/industrie/volkswagen-vw-markenchef-bereitet-belegschaft-auf-moeglichen-stellenabbau-vor/29524848.html

Sales in the USA fell by 5.6% to 679,000 units in October due to higher financing costs. Despite this, however, experts emphasize that house sales remain very stable. Especially in historical comparison with periods of rising interest rates.

https://www.reuters.com/markets/us/us-new-home-sales-fall-more-than-expected-october-2023-11-27/

Tuesday:

Consumer confidence in Germany remains stable. The indicator for December stands at -27.8 points. Economists had forecast a further decline to -28.5 points.

https://www.finanznachrichten.de/nachrichten-2023-11/60775004-gfk-konsumklima-in-deutschland-stabil-015.htm

The energy supplier $RWE (+0,47%) RWE plans to continuously increase its dividend by 5 - 10 %. As we will need more and more electricity in the course of the ecological transformation, this should also be possible. At the same time, RWE plans to invest 55 billion euros in the expansion of its green electricity business by 2030.

https://www.handelsblatt.com/finanzen/maerkte/aktien/chart-des-tages-rwe-plant-stetig-hoehere-dividende/100001369.html

Wednesday:

Good news for Germany - real wages are rising again. This means that even after inflation, average salary growth is positive. The increase amounted to 0.6% compared to the same quarter of the previous year. Wages rose by 6.3 %, while inflation only increased by 5.7 %.

https://www.tagesschau.de/wirtschaft/verbraucher/realloehne-inflation-einfuhrpreise-100.html

Inflation in Germany continues to fall to 3.2%, well below the expected 3.5%. In October, inflation was still at 3.8%. However, inflation could pick up again somewhat in December ...

https://m.faz.net/aktuell/finanzen/die-inflation-in-deutschland-sinkt-auf-3-2-prozent-19347498.html

Thursday:

Inflation in the eurozone also falls more sharply than expected to 2.4%. Energy prices in particular are falling noticeably. This is just 0.4 percentage points short of the ECB's target inflation rate. Further interest rate hikes are therefore becoming increasingly unlikely. The first interest rate cuts are becoming increasingly likely.

https://www.handelsblatt.com/finanzen/geldpolitik/verbraucherpreise-inflationsrate-im-euro-raum-sinkt-im-november-staerker-als-erwartet/100001620.html

OPEC+ decides to produce even less oil. However, as the production cut of 1 million barrels per day is voluntary rather than binding, the oil price does not rise.

https://www.handelsblatt.com/finanzen/maerkte/devisen-rohstoffe/oel-kartell-opec-plus-foerdert-noch-weniger-oel-und-nimmt-ein-neues-mitglied-auf/100001591.html

Friday:

Data from Caixin shows that production in China 🇨🇳 is picking up again. At 50.7, the value is above 50, indicating an expansion in production. This means that the Chinese economy is gradually recovering.

https://www.caixinglobal.com/2023-12-01/chinas-manufacturing-pmi-rises-to-three-month-high-caixin-survey-shows-102141149.html

$PFE (+1,61%) Pfizer has to end studies on a weight loss drug. The reason is too many side effects. This means that Pfizer cannot get a slice of the cake from the attractive market. The share reacts accordingly.

https://www.handelsblatt.com/finanzen/maerkte/marktberichte/dow-jones-sp-500-nasdaq-wall-street-startet-schwunglos-pfizer-fallen-nach-rueckschlag/100001933.html

Slight economic growth in Switzerland, GDP increases by 0.3 % in the third quarter. The economy actually contracted slightly in the second quarter. Like Germany, Switzerland is not really recovering from the coronavirus shock. This is due to the fact that both economies are suffering from weak foreign demand for their export goods.

https://www.nzz.ch/wirtschaft/bip-im-3-quartal-2023-schweizer-wirtschaft-waechst-leicht-ld.1768483

The most important dates for the coming week:

Monday: 08:30 Inflation data (Switzerland)

Tuesday: 04:30 Interest rate decision (Australia)

Wednesday: 16:00 Interest rate decision (Canada)

Thursday: 04:00 Trade Balance (China)

Friday: 14:30 Labor market data (USA)

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

Here are the dates of the coming week:

https://youtube.com/shorts/xwA7DCnogM4?si=VWzzbPzr4BMTQGHj

Monday:

#china Lowers interest rates on one of the central bank's interest rate lines. The one-year loan now costs 3.45% interest instead of 3.55%. China is trying to stimulate the economy with this. The real estate sector in particular is expected to benefit from lower interest rates.

https://www.bbc.com/news/business-66567085.amp

$PANW (-0,52%) Palo Alto Networks can surprise the stock market with strong figures. The cybersecurity provider increased sales by 26%. In addition, there was a positive outlook for the full year.

https://www.deraktionaer.de/artikel/aktien/an-diesem-aktionaer-cybersecurity-tipp-fuehrt-kein-weg-vorbei-20337977.html

Good omen for #inflation producer prices fall for the first time since 2020. Producer prices are seen as a harbinger of actual inflation; if producers produce more cheaply, this also depresses the inflation rate in the future. Compared with the previous year, producer prices have fallen by 6.0%, significantly more than the assumed 5.1%.

https://www.handelsblatt.com/politik/konjunktur/nachrichten/konjunktur-erzeugerpreise-fallen-erstmals-seit-ende-2020/29343326.html

According to a Bundesbank report, the economic situation in Germany remains tense. There will probably be a 0 round in the 3rd quarter as well, meaning no growth.

https://app.handelsblatt.com/finanzen/geldpolitik/monatsbericht-deutsche-wirtschaft-wird-im-sommer-wohl-ebenfalls-nur-stagnieren/29344192.html

Tuesday:

$F3C (-1,88%) SFC Energy remains the big hope in our moonshot portfolio. The figures were above expectations. Second quarter sales grew 46%. The guidance for the full year is increased.

https://www.finanzen.net/nachricht/aktien/gute-geschaefte-sfc-energy-aktie-gibt-vorboerslich-gas-sfc-energy-nach-umsatzsprung-optimistischer-12757967

$COTY (+1,7%) Coty, which produces, among other things, perfumes for luxury labels, reports significant growth. Sales increased by 16%. However, profit was below expectations due to higher costs.

$9888 (+1,62%) Baidu performs better than expected. The Chinese equivalent of Google increases advertising revenues by 15%.

The construction manufacturer $STO3 (-0,57%) Sto lowers its forecast. Due to poor weather conditions, among other things, full-year sales will probably be slightly lower.

Monday evening $ZM (-0,63%) Zoom still presented figures above analysts' expectations.

https://app.handelsblatt.com/unternehmen/industrie/-geschaeftszahlen-im-newsblog-rabatte-lassen-macys-gewinn-einbrechen/24098412.html

Wednesday:

On average, a bank account in Germany costs 100 euros per year, according to a study. Although there is interest again almost everywhere, but not on the current account.

https://app.handelsblatt.com/finanzen/banken-versicherungen/banken/banken-banken-erhoehen-gebuehren-weniger-gratiskonten/29348194.html

Poor purchasing managers' index figures, a clear signal of recession. The index plummeted to 44.7 points. Expected was only a decline to 48.3 points. In particular, the service sector sags more than expected, so far poor industrial data could be compensated here.

https://deutsche-wirtschafts-nachrichten.de/705530/deutsche-wirtschaft-im-august-auf-rasanter-talfahrt

At $FL (+3,68%) Foot Locker is currently not doing so well. Dividend and outlook are being lowered.

https://www.t-online.de/finanzen/boerse/ticker/aktien-im-fokus-foot-locker-belastet-kurse-von-adidas-puma-und-nike/0DAE2E00BA467D5B/

$NVDA (-0,95%) Nvidia does not disappoint, figures and outlook are above expectations. Sales increased year-on-year from USD 6.7 billion to USD 13.5 billion.

https://www.finanzen.net/nachricht/aktien/bilanz-vorgelegt-nvidia-aktie-zuendet-an-der-nasdaq-nachboerslich-erneut-den-turbo-nvidia-mit-gewinnsprung-erwartungen-uebertroffen-12757955

Thursday:

The BRICS states expand by 6 countries. This also increases the economic power and global influence, the declared goal is to form a counterpole to the G7. Through the merger, the interests of the member countries should be better enforced. Brazil, Russia, India, China and South Africa are now joined by Iran, Saudi Arabia, the UAE, Egypt, Ethiopia and Argentina.

https://www.handelsblatt.com/politik/international/staatenbund-brics-staaten-beschliessen-erweiterung-um-sechs-laender/29351372.html

$CEVMY (-2,42%) CTS Eventim is benefiting from the event boom. The ticket marketer broke the billion mark in the first half of the year and reported a 39% increase in sales.

https://app.handelsblatt.com/unternehmen/industrie/-geschaeftszahlen-im-newsblog-gewinnsprung-bei-cts-eventim/24098412.html

Friday:

Inflation is also coming back in Japan 🇯🇵. The increase was still at 2.8% year-on-year. The expected figure was 2.9%. The whole thing is remarkable, because the Japanese central bank has changed virtually nothing in the interest rate level.

https://www.n-tv.de/wirtschaft/der_boersen_tag/Inflation-in-Japan-verlangsamt-sich-weiter-article24349602.html

According to new figures, Germany's GDP neither grew nor shrank in the second quarter. Economic output stagnated. This means that we have experienced three quarters in a row without growth.

https://www.handelsblatt.com/politik/konjunktur/nachrichten/konjunktur-keine-rezession-mehr-aber-die-euro-zone-haengt-deutschland-ab/29349782.html

Short squeeze at $VFS (+0,62%) Vinfast, the manufacturer from Vietnam 🇻🇳 is trying its hand as an electric car manufacturer and is considered an industrial hope in the country.

https://www.deraktionaer.de/artikel/mobilitaet-oel-energie/stellt-dieses-e-auto-start-up-bald-alle-in-den-schatten-20338318.html

Powell emphasizes at the Jackson Hole meeting that there could be another interest rate hike, but that they want to proceed 'cautiously'. Basically, nothing new in the communication. The market is sold off a bit, it was probably hoped that interest rate cuts would also be discussed.

https://stock3.com/news/fed-chef-powell-sind-vorsichtig-bei-weiteren-zin-12954987

These are the most important dates of the coming week:

Monday: 03:30 Retail Sales (AUS)

Tuesday: 15:00 Housing Price Index (USA)

Wednesday: 14:00 Inflation data (DE)

Thursday: 11:00 Inflation data (EU)

Friday: 03:45 Caixin Production (China)

After a detailed study of the fundamental data, I have come to the conclusion that there is no great upside potential for this hidden champion at the moment and I have therefore closed the position.