Smartbroker

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

The most important dates in the video:

https://youtube.com/shorts/q6UzjDvEMvc?si=0N-11GnIvot8vU_7

Monday:

Switzerland 🇨🇭 is struggling with similar problems to Germany. In the 2nd quarter, the economy did not grow. Although consumption increased, industry shrank. The hospitality industry in particular grew significantly.

https://www.nzz.ch/wirtschaft/bip-stagniert-die-schweizer-wirtschaft-waechst-nicht-mehr-ld.1754542

The Swiss group $NESN (-0,76%) Nestlé sells its peanut allergy business Palforzia. The biopharma company Stallergenes Greer is buying Nestlé's shares. However, Nestlé will continue to be involved in research successes.

https://app.handelsblatt.com/unternehmen/handel-konsumgueter/nahrungsmittelkonzern-nestle-verkauft-erdnuss-allergiegeschaeft-palforzia/29370204.html

Following a price target confirmation at 51 euros from Kepler Cheuvreaux, the share of $KGX (-0,42%) Kion share price has risen significantly. We have held the share in our value portfolio for some time.

https://www.finanzen.net/nachricht/aktien/analystenstudie-kion-aktie-gefragt-kepler-cheuvreux-bestaetigt-kaufempfehlung-fuer-kion-12793843

German exports fell again, 0.9% compared with the previous month of June. Goods worth 130.4 billion euros were still exported. The most important customer country remains the USA 🇺🇸, exports to which rose by 5.2%.

https://app.handelsblatt.com/politik/konjunktur/konjunktur-globale-nachfrageschwaeche-deutsche-exporte-sinken/29370248.html

Tuesday:

Things are still not going well in China 🇨🇳. China's service sector was slower in August than it has been in 8 months. The Caixin purchasing managers index fell from 54.1 to 51.8 points.

https://www.handelszeitung.ch/newsticker/chinas-dienstleistungssektor-verliert-an-schwung-634176

$SB1 (-0,76%) Smartbroker released its first-half results. Sales fell significantly, and the sales forecast for the full year has to be revised downwards. Instead of 51 to 56 million, sales of EUR 46 to 51 million are now expected.

https://www.boerse.de/nachrichten-amp/EQS-Adhoc-Smartbroker-Holding-AG-veroeffentlicht-vorlaeufiges-Finanzergebnis-fuer-H1-2023-und-passt-Prognose-2023-an/35259384

Wednesday:

Manufacturing orders slumped 11.7% in July compared to the same month last year. Economists had expected a drop of only 4.0%.

https://app.handelsblatt.com/politik/konjunktur/konjunktur-deutsche-industrie-verzeichnet-groessten-auftragseinbruch-seit-2020-bleibt-sorgenkind/29374754.html

The Ukrainian economy grew by 2.2% in the year to July. In 2022, the economy slumped massively due to Russia's war of aggression; now the economy is recovering a little.

https://app.handelsblatt.com/politik/international/live-blog-zum-ukraine-krieg-ukrainische-wirtschaft-bis-juli-um-2-2-prozent-gewachsen-us-aussenminister-blinken-in-der-ukraine/27982126.html

Some changes in the German indices. United Internet moves up to the MDAX, while Krones moves to the SDAX. Also $NCH2 (+0,44%) Thyssenkrupp Nucera moves up to the SDAX, as does Ionos, Basler drops out.

https://www.deraktionaer.de/artikel/indizes/dax-mdax-co-united-internet-thyssenkrupp-nucera-und-ionos-steigen-auf-das-sind-die-absteiger-20338897.html

Retail sales in the euro zone fell slightly, down 0.2% on the previous month. However, business with food, beverages and tobacco picked up.

https://www.lebensmittelzeitung.net/handel/nachrichten/konjunktur-einzelhandelsumsatz-in-der-eurozone-geht-leicht-zurueck-173279?crefresh=1

Thursday:

$NESN (-0,76%) Nestlé buys chocolate manufacturer Copenhagen for about EUR 500 million. This improves Nestlé's position in the Brazilian market.

https://app.handelsblatt.com/unternehmen/handel-konsumgueter/nahrungsmittelkonzern-nestle-uebernimmt-mehrheit-an-schokoladenmarke-kopenhagen/29377488.html

$SAP (+0,07%) SAP buys the software management company Leanix. The company offers a cloud platform for transparency of its own IT systems. Customers thus learn which IT systems they actually use, which helps with modernization. According to experts, the deal could have cost around 1.2 billion euros.

https://app.handelsblatt.com/technik/it-internet/software-sap-kauft-softwaremanagement-firma-leanix/29376328.html

$AAPL (+0,46%) Apple is under pressure because of bans in China. Allegedly, Beijing is banning officials from using IPhones. The ban affects a few million people, so the stock is also giving way. Already when Felix was in China, the state promoted switching to the Chinese manufacturers ZTE or Huawei. With the ban, China is now presumably also reacting to the USA's ban policy.

https://amp2.handelsblatt.com/technik/it-internet/asien-china-verbietet-angeblich-staatsbediensteten-iphone-nutzung/29375148.html

Initial jobless claims in the U.S. 🇺🇸 fell further to 216,000. This is the lowest level in 7 months and is increasingly fueling concerns that there could be another interest rate hike.

https://apnews.com/article/unemployment-benefits-jobless-claims-layoffs-labor-a5f1f57d1245c947ca0e1b1051e386d7

Friday:

Bad data from Japan 🇯🇵 makes for a bad start to the day. Japan's GDP is growing more slowly than expected. Japan grew 4.8% in the second quarter, but growth of 5.5% was expected.

https://www.cnbc.com/amp/2023/09/08/asia-stock-markets-today-live-updates.html

In China 🇨🇳 , auto sales are picking up again for the first time since May. Compared to the previous year, car sales increased by 2.2%. Tesla in particular benefited from this, with almost 65,000 Teslas sold in China in August alone thanks to discount campaigns.

https://app.handelsblatt.com/unternehmen/industrie/autobranche-pkw-absatz-in-china-nimmt-wieder-an-fahrt-auf/29380560.html

$1COV (+1,63%) Covestro is finally ready for talks with Adnoc. The Abu Dhabi-based oil company wants to buy Covestro, but the Board of Management has so far rejected this. Talks were only held through advisors, but now official talks are being held. Adnoc would probably be willing to pay EUR 60 per share.

https://app.handelsblatt.com/unternehmen/industrie/kunststoffhersteller-covestro-nimmt-offizielle-uebernahme-gespraeche-mit-adnoc-auf/29381192.html

These are the most important dates for the coming week:

Monday: 08:00 Inflation data (Norway)

Tuesday: 11:00 ZEW survey (DE)

Wednesday: 14:30 Inflation data (USA)

Thursday: 14:15 ECB interest rate decision

Friday: 04:00 Retail Sales (China)

After the really poor half-year results, we have decided to sell our position in $SB1 (-0,76%) to sell. The reasons such as the Ukraine war or inflation are not really comprehensible from our point of view for a broker that should actually profit from uncertainty.

Although the Smartbroker+ is now coming, it is completely open how well the new broker will be received. We are now realizing the profits of the last few months and increasing our cash balance for the time being.

Partial sale at our $SB1 (-0,76%) position.

The main reason was tax reasons, after FIFO we realized a loss here and a corresponding loss carry forward. We can let the profits continue to run.

The share could become more volatile in the coming weeks due to the EU decision on PfoF and the launch of SMARTBROKER+.

We use the opportunity to take advantage of tax benefits, to reduce the weighting somewhat in the turbulent times and to have more flexibility.

Following our partial sale of Kion, we have increased our holdings in Smartbroker. There has been a noticeable amount of insider buying here recently.

Ouch, what such a postponed project does, Crass!!!

Missed the Trade Republic and Flatex hype? No problem, Wallstreet:Online is still ahead with its smart broker. The share will profit massively from this. At the moment, the company is still a small cap.