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Bank of America (BofA) has put together a basket of stocks to list the winners of the German infrastructure package.

The basket contains 14 stocks that the US bank expects to benefit in particular.

• The German technology group Siemens
  $SIE (-1,01%) (weighted at 10.3 percent, as of August 21)
• The French construction group Eiffage $FGR (-0,1%) (9 percent)
• The German building materials manufacturer Heidelberg Materials
  $HEI (8.8 percent)
• The German energy technology group Siemens Energy $ENR (+1,42%) (8.6 percent)
• The German truck manufacturer Daimler Truck
  $DTG (-0,12%) (8.4 percent)
• The Italian building materials company Buzzi S.p.A.
  $BZU (-1,03%) (7.9 percent)
• The Swiss cement group Holcim $HOLN (-0,99%) (7.6 percent)
• The Swiss chemicals group Sika AG $SIKA (-0,65%)
  
  (7.4 percent)
• The German forklift manufacturer Kion
  $KGX (+0,86%) (6.7 percent)
• The French communications and energy company Spie $SPIE (-0,68%) (6.4 percent)
• The German industrial group Thyssen-Krupp $TKA (+0,64%) (6.4 percent)
• The German wind turbine manufacturer Nordex
  $NDX1 (+0,17%) (4.6 percent)
• The Swedish steel group SSAB $SSAB A (-0,82%)
  
  (4.1 percent)
• The German industrial services provider Bilfinger
  $GBF (-0,41%) (4.0 percent)

Hopes for the infrastructure package have already caused the shares to rise significantly in some cases in recent months. Since the beginning of the year, the shares included in the basket have risen by around 47 percent. BofA has been offering the share basket to its major clients since the beginning of July.

Despite the jump in the prices of many infrastructure stocks in the first half of the year, BofA manager Klein is confident that the stocks in the basket will continue to rise. According to him, it now depends on when the investments really show up in the profits of the companies.

Oliver Schneider, portfolio advisor at US asset manager Wellington, says: "In the past six to nine months, investor interest in infrastructure stocks has grown rapidly." This is particularly true for European investors.

He cites two factors that he believes will drive infrastructure stocks worldwide in the future. Firstly, there is a great need to modernize infrastructure. Secondly, the demand for electricity is growing due to artificial intelligence. Schneider says: "This is a growth topic that will be with us for the next ten to 20 years."

Source: Text (excerpt) & graphic, Handelsblatt 01.09.25

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$DTG (-0,12%) Daimler Truck intends to buy back its own shares worth up to EUR 2 billion from the second half of 2025. The Board of Management and Supervisory Board have decided on a corresponding program.

https://stock3.com/news/daimler-truck-2-mrd-eur-fuer-aktienrueckkaeufe-heute-kapitalmarkttag-16497045

Bayer shows consistent success

Bayer $BAYN (+0,23%) surprises with positive figures, despite the challenge of job cuts. On Monday, it was announced that crop protection production in Frankfurt am Main will be discontinued by the end of 2028, affecting around 500 jobs. These drastic measures are part of a comprehensive five-year plan for the Crop Science division, which aims to achieve savings of one billion euros. But the company is not letting this get it down: Things are going well in the pharmaceuticals business, with operating profit from the prescription drugs division shooting up by an impressive 13.4 percent in the first quarter. CEO Anderson, who is facing criticism from investors due to the delayed overall development, attributes this success to a well thought-out organizational model that sets standards in the industry.

Daimler Truck adjusts outlook

In the USA, the situation for Daimler Truck $DTG (-0,12%) looks less encouraging. The management duo, consisting of Karin Radström and CFO Eva Scherer, has revised the annual outlook for 2025 downwards. Instead of the original target of 52 to 54 billion euros in turnover, a range of 48 to 51 billion euros is now given. The reason for this adjustment is the new tariffs introduced by the Trump administration. This uncertainty means that freight forwarders in America do not know how their business will continue and whether they will be able to distribute goods from domestic ports. This has a direct impact on Daimler Truck's customers, who are now more hesitant to order new vehicles. The current challenges present the company with new hurdles to overcome.

Sources:

https://www.manager-magazin.de/unternehmen/pharma/bayer-aktie-schiesst-nach-zahlen-um-10-prozent-hoch-a-79ba5e34-bd91-49e2-a57d-03f9dc887e0b

https://www.manager-magazin.de/unternehmen/daimler-truck-senkt-jahresausblick-a-df303c80-b99e-4267-92f4-d754c6c0c439

$DTG (-0,12%)

🚛 Strong Q1 - but more cautious forecast for the year:

- Group Q1:

▪️ adj. EBIT: € 1,164 million (cons.: € 1,027 million)

▪️ Industry sales: € 11,558 million (cons.: € 11,459 million)

▪️ adj. ROS Industry: 9.6% (cons.: 8.5%)

▪️ Free cash flow: € 33 million (cons.: € 341 million)

📉 Lowered outlook:

- North America sales lowered: 155-175k units (previously: 180-200k)

- Group sales new: 430-460k (previously: 460-480k)

- Industry sales new: € 48-51 billion (previously: € 52-54 billion)

- Group adj. EBIT: now -5% to +5% vs. PY (previously: +5% to +15%)

- Adj. ROE Financial Services: 6-8% (previously: 8-10%)

📌 Annual targets partly confirmed:

- Group adj. ROS Industry: 8-10 %

- Margin target for Trucks North America: 11-13% remains unchanged despite decline in sales

📊 Segment results Q1:

- *Trucks North America:* adj. EBIT € 778 million | ROS 14.4 %

- Mercedes-Benz Trucks:* adj. EBIT € 238 million | ROS 5.4 %

- Trucks Asia:* adj. EBIT € 64 million | ROS 5.4 %

- Daimler Buses:* adj. EBIT € 126 million | ROS 9.4 %

- Financial Services:* adj. EBIT € 55 million | ROE 7.3 %

📎 Note: Further adjustments possible - depending on geopolitical situation & USMCA situation. China risks not yet taken into account.

$DTG (-0,12%)
https://mbpassion.de/2025/04/daimler-truck-verkauft-im-ersten-quartal-deutlich-weniger/#

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/cpIdQFYiLeY?si=gaKXoxc1Q7c_VbNC

Sunday:

Due to industrial overcapacity, deflation is depressing prices in China. Prices there fell by an average of 0.7% compared to the same month last year. The reason for the decline was probably a high basis for comparison from the previous year, as well as government programs to boost consumption.

https://www.handelsblatt.com/finanzen/geldpolitik/deflation-verbraucherpreise-in-china-sinken-nach-13-jahren-erstmals-deutlich/100112409.html

Monday:

$HFG (-0,89%) Hellofresh shocks the markets with a sales warning, down more than 10%. Analysts at JP Morgan continue to see the price target at 15 euros. This is because EBITDA is expected to rise again. Hellofresh is dispensing with expensive marketing campaigns, which hurts sales but may increase profits.

https://www.deraktionaer.de/artikel/aktien/hellofresh-schockt-mit-umsatzprognose-aktie-rauscht-nach-unten-20376335.html

Tuesday:

$VOW3 (-2,69%) Volkswagen is struggling with a drop in sales and profits. Overall, 2.3% fewer vehicles were sold. Sales for 2024 increased minimally by one percent to 324.7 billion euros. Profit fell from 17.8 to 12.3 billion euros.

https://m.bild.de/geld/wirtschaft/zahlen-fuer-2024-volkswagen-gewinn-bricht-um-30-6-prozent-ein-67cfda107831137d2727f9c3

Wednesday:

$P911 (-0,95%) Porsche earns significantly less. Similar to VW, profits are down by around 30%. The dividend is to remain stable. Turnover is also expected to stagnate in 2025.

https://www.handelsblatt.com/unternehmen/industrie/porsche-gewinn-sinkt-um-30-prozent-dividende-bleibt-stabil/100111337.html

Not only is Rheinmetall's share price rising $RHM (+3,09%) Rheinmetall is rising, sales are also increasing significantly. Rheinmetall could grow by 34% in 2024. Growth of 25-30% is also expected for 2025. Rheinmetall achieved sales of just under 10 billion euros in 2024. The order backlog grew to 55 billion euros. The dividend is set to rise from 5.70 to 8.10 euros per share.

https://www.handelsblatt.com/unternehmen/industrie/rheinmetall-ruestungskonzern-steigert-umsatz-um-36-prozent-dividende-erhoeht/100112608.html

$TMV (-0,31%) Teamviewer is celebrating its 20th anniversary, which means the tech company from Göppingen has been around longer than the average lifespan of a German company (around 12 years). Click here for a summary of the company's history:

https://www.finanzen.at/nachrichten/aktien/teamviewer-konzerngeschichte-deutschlands-unsichtbarer-tech-champion-mit-globaler-reichweite-1034321282

US inflation data comes in lower than expected, market bounces back. Compared to the same month last year, prices rose by 2.8%. An increase of 2.9% was expected.

https://finanzmarktwelt.de/inflation-us-verbraucherpreise-niedriger-jetzt-wird-bestimmt-alles-gut-342006/

Thursday:

The fashion group $BOSS Hugo Boss from Metzingen wants to increase its dividend to 1.40 euros per share. At 4.31 billion euros, turnover was three percent above the previous year's figure and higher than ever before. Declining sales in China were a particular burden on the Group. Profit therefore fell by 17% to 217 million euros. In the coming year, turnover is expected to stagnate, but profitability is set to increase.

https://fashionunited.de/nachrichten/business/trotz-umsatzrekord-jahresgewinn-von-hugo-boss-sinkt-um-17-prozent/2025031360615

Companies such as $DTG (-0,12%) Daimler Truck fell significantly after Donald Trump announced that he would relax the emissions regulations for trucks. Daimler in particular has invested billions of dollars in recent years to make its trucks environmentally friendly.

https://www.finanzen.net/amp/trump-im-fokus-daimler-truck-aktie-verliert-aufgrund-von-ergebnissorgen-zweistellig-14313701

With the inflation rate in the USA already below expectations, producer prices are also below expectations. This is particularly interesting, as producer prices are a leading indicator for inflation in the future.

https://www.ariva.de/amp/usa-erzeugerpreise-steigen-weniger-als-erwartet-11567717

Friday:

As with $VOW3 (-2,69%) VW, BMW's profits are also on the decline. BMW achieved a profit of 7.7 billion euros, 37% less than a year ago. Turnover fell by 8.2% to 142 billion euros. China is the main problem for BMW.

https://www.saarbruecker-zeitung.de/nachrichten/wirtschaft/gewinn-bei-bmw-sackt-ab-die-ganz-fetten-jahre-sind-vorbei_aid-125213969

These are the most important dates for the coming week:

Wednesday: 04:00 Interest rate decision (Japan)

Wednesday: 19:00 Interest rate decision (USA)

Thursday: 12:00 Interest rate decision (BoE)

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

#usa #interest #japan

Daimler Truck $DTG (-0,12%) recently gave a deep insight into its current challenges. Sales fell by 3 percent to 54.1 billion euros due to the tense economic situation in Europe and Asia. This difficult situation was further exacerbated by high value adjustments of 591 million euros before interest and taxes. The profit for shareholders now stands at 2.9 billion euros - a fall of almost a quarter. Despite these sobering figures, the dividend remains stable at 1.90 euros per share, which offers investors a small ray of hope in this challenging phase.

Looking to the future, however, Daimler Truck has optimistic plans. The operating margin in the industrial business, excluding financial services, fell by one percentage point to 8.9 percent. The Group has set itself the target of increasing this margin to 8 to 10 percent in the coming year. One positive sign is the order intake in the last quarter, which rose by an impressive 15 percent to 124,046 vehicles despite a 2 percent decline for the year as a whole. This development could indicate an imminent recovery and give hope for the future.

In the USA, the discussion about looser climate regulations has weighed heavily on Daimler Truck's share price. While the shares of Traton and Volvo are also under pressure, the decline of Daimler Truck as the market leader in North America is particularly striking. The US Environmental Protection Agency (EPA) recently announced more than 30 relaxations of regulations, which also affect CO₂ reduction regulations for commercial vehicles. These developments could have far-reaching consequences for Daimler Truck's most important market, especially as the company has invested heavily in zero-emission drives under CEO Karin Rådström. The coming months will show how these factors will affect the business.

Sources:

https://www.manager-magazin.de/unternehmen/autoindustrie/gewinneinbruch-bei-daimler-truck-sparprogramm-in-europa-a-ce6523c9-55d5-4580-9b50-3fef52287d74

https://www.manager-magazin.de/unternehmen/autoindustrie/daimler-truck-aktie-mit-kursturz-diskussion-ueber-lockerere-us-klimavorschriften-a-947cfb67-bdc2-4aea-8e4a-f3a6a0cc4e0c