Nokia

$NOKIA (+0,29%) announces cooperation with $MSFT (-0,52%) 💡⚠️

$NOKIA (+0,29%) with multi-billion dollar deal 👍🚀🤑💡⚠️

$NOKIA (+0,29%) in focus ✌️ Very good news ✈️

$NOKIA (+0,29%) gets the day off to a good start 👌

The shares of Nokia$NOKIA (+0,29%) rose in the USA after T-Mobile US announced that there are no plans to end the partnership with the Finnish company. Previously, speculation about possible changes in the business relationship had caused uncertainty. However, T-Mobile confirmed that Nokia will remain a key partner for the expansion and modernization of the 5G network.

This clarification strengthened investors' confidence in Nokia and underlines the importance of the cooperation with one of the leading mobile providers in the USA. Despite challenges in the industry, the company continues to see itself as a key player in the telecommunications infrastructure sector. Whether the run so far this year will continue is questionable, however, as the stock is already up 30% YTD, which is impressive.

You can find more information in the article on MarketScreener.

The news is based on what I personally consider to be reputable sources. However, I do not guarantee their accuracy. No advice.

$NOKIA (+0,29%) another good chance to buy?

Largest European tech stocks by market capitalization

SAP € 259 billion $SAP (-0,53%)

ASML € 253 billion $ASML (+1,21%)

ARM Holdings € 160 billion $ARM (+1,3%)

NXP Semiconductors € 54 billion $NXPI (+0,23%)

Dassault Systèmes € 44 billion $DSY (+0,08%)

Infineon € 40 billion $IFX (+0,86%)

Capgemini € 32 billion $CAP (-0,87%)

ASM International € 26 billion $ASM (+2,53%)

Ericsson € 26 billion $ERIC B (-0,77%)

Hexagon € 23 billion $HEXA B (+0,93%)

Nokia € 22 billion $NOKIA (+0,29%)

STMicroelectronics € 22 billion $STM (+1,7%)

Logitech € 12 billion $LOGN (+0,01%)

Sage Group € 12 billion $SGE (+1,2%)

>> Which ones are you invested in and how are they performing? Most of these European tech stocks can be found in the iShares MSCI Europe Information Technology - ETF, WKN: A2QBZ3

#halbleiter
#semiconductor
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#europa
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#künstlicheinteligenz

$NOKIA (+0,29%) There is light at the end of the tunnel 💪 Brazil business is also going well 👍

17.10.2024

Adidas weak + Airbus cuts up to 2,500 jobs in defense and aerospace division + LVMH under pressure after figures + Nestle lowers annual targets + Nokia sees turning point coming

For the share of Adidas $ADS (+1,96%) fell by 6.3 percent after the sporting goods manufacturer raised its forecast the previous evening. The stock market criticized the fact that the forecast was now where the consensus of analysts had already seen it beforehand - and therefore did not provide a positive surprise. Deutsche Bank analysts pointed out that operating costs had risen by around 5 percent in the third quarter compared to a stable first half of the year. In addition, luxury goods manufacturer LVMH reported that the short-term outlook remains cautious, as it is unclear whether demand in China has bottomed out and whether growth in the US and Europe is accelerating.

Airbus $AIR (+0,43%) is struggling with huge losses in the satellite business and therefore wants to cut up to 2,500 jobs in its defense and aerospace division. The aerospace company announced on Wednesday that the cuts would take place by mid-2026. The Airbus division employs almost 35,000 people in Germany and other European countries. The locations affected are to be clarified at the end of the year following talks with the trade unions and works councils. Airbus mainly builds satellites in Immenstaad on Lake Constance, in Toulouse, in London and in Munich.

Disappointing quarterly figures from LVMH $MC (+2,19%) put the entire sector under pressure on Wednesday. Luxury and consumer goods stocks fell significantly. LVMH fell by 5.1 percent to 593.70 euros. Also Kering $KER (+2,88%) and numerous other stocks in the sector also lost ground. Negative analyst opinions also played a role for the French cosmetics manufacturer. LVMH continued its disappointing performance in the current year with these losses. The downward trend since the spring is intact, after the share marked new lows for the year and wiped out the recovery attempts of the past week. The French luxury goods group continues to struggle with subdued demand. In the third quarter, turnover fell by three percent, excluding currency effects and acquisitions and disposals of parts of the company. Analysts had expected slight growth of 0.9 percent on average. Overall, turnover fell by 4.4 percent to 19.08 billion euros. This is also less than experts had expected. The analysts at Goldman Sachs therefore spoke of a disappointment, although expectations before the report had already been cautious. The fashion and leather goods segment in particular had suffered from weak demand from China, but the spirits segment had also missed estimates. The economic environment for luxury goods remains difficult and the next six months are unlikely to be easy. L'Oreal $OR (-0,11%) recently lost 3.4 percent to 363.70 euros after JPMorgan downgraded the shares from "Neutral" to "Underweight" and lowered the price target from 390 to 325 euros.

The food group Nestle has lowered its forecasts for the current year following a disappointing quarter. Growth in the first nine months was too low to maintain the previous targets. The new CEO Laurent Freixe has therefore cut expectations for 2024 and the company now expects growth of around two percent. Former CEO Mark Schneider had recently emphasized that Nestle would grow organically by "over 3 percent" for the year as a whole, but this seems too optimistic. Laurent Freixe, who took over as CEO in August after a long career at the food multinational, has now rejected these false hopes and lowered his expectations for the year as a whole.

The network equipment supplier Nokia $NOKIA (+0,29%) is gradually seeing the turning point in its weak markets. "Net sales are recovering more slowly than we expected, but we are compensating for this in part with an improved gross margin and cost savings," said Group CEO Pekka Lundmark in a statement on Thursday. Signs of recovery are already visible in business with fixed-line and IP products. The market for mobile networks, on the other hand, is proving more difficult. In the third quarter, Nokia therefore fell short of analysts' expectations: in the three months to the end of September, net revenue slipped by eight percent year-on-year to 4.3 billion euros. Industry experts had expected more on average.

Thursday: Stock market dates, economic data, quarterly figures

Quarterly figures / company dates USA / Asia

07:30 TSMC quarterly figures

12:30 KeyCorp quarterly figures

13:00 Travelers Cos quarterly figures

22:00 Netflix quarterly figures

Quarterly figures / Company dates Europe

07:00 ABB | Nordea | Nokia | Essilor-Luxottica

07:00 Sartorius quarterly figures | Hella sales 3Q

07:15 Nestle 9 months sales

09:00 Pernod-Ricard 1Q sales

09:00 Sartorius PK

Economic data

• 08:00 DE: Manufacturing orders on hand and backlog August
• 08:00 CH: Trade Balance
• 11:00 EU: Trade balance sb August FORECAST: n/a previous: +15.5 bn euro
• 11:00 EU: Consumer prices September Eurozone FORECAST: -0.1% yoy/+1.8% yoy PREVIEW: -0.1% yoy/+1.8% yoy PREVIEW: +0.1% yoy/+2.2% yoy CORE RATE FORECAST: +0.1% yoy/+2.7% yoy PREVIEW: +0.1% yoy/+2.7% yoy PREVIEW: +0.3% yoy/+2.8% yoy
• 14:15 EU: ECB, outcome of the Governing Council meeting Deposit rate FORECAST: 3.25% previously: 3.50%
• 14:30 US: Retail Sales September PROGNOSE: +0.3% yoy previous: +0.1% yoy Retail Sales ex Motor Vehicles PROGNOSE: +0.1% yoy previous: +0.1% yoy
• 14:30 US: Initial jobless claims (week) FORECAST: 260,000 Previous: 258,000
• 14:30 US: Philadelphia Fed Index October FORECAST: 3.0 PREVIOUS: 1.7
• 14:45 EU: ECB, PK after Governing Council meeting
• 15:15 US: Industrial Production and Capacity Utilization September Industrial Production PROGNOSE: -0.2% yoy previous: +0.8% yoy Capacity utilization PROGNOSE: 77.8% previous: 78.0%
• 16:00 US: Inventories August PROGNOSE: +0.3% yoy previous: +0.4% yoy

Here is a summary of important events & the Formatting is Getquin's fault!

US MARKET🇺🇸

Monday

Publication of the Empire State Manufacturing Survey of the New York Fed for April.

Publication of the retail sales in the USA for March.

Publication of the business inventories for February.

Publication of the homebuilder confidence for April.

Speeches by Lorie LoganPresident of the FED of Dallasand Mary C. DalyPresident of the FED Bank of San Francisco.

Quarterly reports from Goldman Sachs ($GS (+0,27%) ), Charles Schwab ($SCHW (-0,34%) ) and M&T Bank ($MTB (-0,02%) ).

Tuesday

Publication of the building permits for March.

Publication of the industrial production for March.

Quarterly reports from UnitedHealth Group ($UNH (+0,95%) ) , Johnson & Johnson ($JNJ (-0,62%) ), Bank of America ($BAC (+0,05%) ), Morgan Stanley ($MS (+0,41%) ), BNY Mellon ($BK (+0,42%) ) and PNC Bank ($PNC (+1,49%) ).

Wednesday

Publication of the mortgage applications for the week ending April 12.

Publication of the FED Beige Books.

Quarterly reports from United Airlines ($UAL (-0,17%) ), Abbott Laboratories ($ABT (+0,01%) ), U.S. Bancorp ($USB (+0,75%) ), Travelers Cos. ($TRVC34 ), Citizens Financial ($FCNCA (+0%) ), First Horizon ($FHN (-0,25%) ) and Discover Financial Services ($DFS (-0,05%) ).

Thursday

Publication of initial jobless claims for the week ending April 13.

Publication of the Philadelphia Fed Manufacturing Survey for April.

Release of existing home sales for March.

Speeches by John C. WilliamsPresident of the FED of New Yorkand Raphael BosticPresident of the FED of Atlanta.

Quarterly reports from Netflix ($NFLX (-0,06%) ), Intuitive Surgical ($ISRG (+0,33%) ) and Infosys ($INFY ).

Friday

Speech by Austan GoolsbeePresident of the FED of Chicago.

Quarterly reports from Procter & Gamble ($PG (+0%) ), American Express ($AXP (+0,51%) ), Fifth Third Bancorp ($FITB (+0,12%) ) and Huntington Bancshares ($HBAN (+0,51%) ).

Saturday

Possible events in connection with the Bitcoin halving.

EU MARKET

Monday

Release of industrial production

Speech by Philip Lane, Member of the Executive Board of the ECB

Quarterly reports from Pagegroup ($PAGE (+1,82%) ) 🇬🇧, Playtech $PTEC (-0,69%) ) 🇬🇧

Tuesday

Trade Balance (Feb)

ZEW Economic Sentiment

Eurogroup Meetings

Publication of the quarterly reports of Ashmore ($ASHM (-0,36%) ) 🇬🇧

Wednesday

Publication of CPI data

EU Summit & Eurogroup Meetings

Speech by Isabel Schnabel, Member of the Executive Board of the ECB

Quarterly figures from Severstal ($CHMF ) 🇷🇺, Volvo B ($VOLV B (-0,72%) ) 🇸🇪, Viscofan $VIS ) 🇪🇸, Petershill Partners ($PHLL ) 🇬🇧, Hays ($HAS (-0,27%) ) 🇬🇧

thursday

Speech by Luis de GuindosVice President of the ECB

EU Summit & Eurogroup Meetings

Speech by Isabel Schnabel, Member of the Executive Board of the ECB

- Quarterly figures from EQT AB ($EQT (+2,23%) ) 🇸🇪, EssilorLuxottica ($EL (-0,17%) ) 🇫🇷, Nordea Bank ($NDA FI (-0,56%) ) 🇸🇪, Sartorius Stedim ($DIM (+0,78%) ) 🇩🇪, Nokia Oyj $NOKIA (+0,29%) ) 🇫🇮, Inter Cars SA ($n/a) 🇵🇱, Tauron Polska Energia ($TPE (+1,23%) ) 🇵🇱, Forvia ($FRVIA (+0,64%) ) 🇫🇮, Dunelm ($DNLM (-2,14%) ) 🇬🇧, Adtran Networks SE ($ADV (-0,05%) ) 🇩🇪, Olvi Oyj A ($OLVAS (+0,79%) ) 🇫🇮, Econocom ($ECOM ) 🇧🇪, Talenom Oyj $TNOM (-2,07%) ) 🇫🇮, Alisa Pankki Oyj ($ALISA (+0,26%) ) 🇫🇮

Friday

Eurogroup Meetings

CFTC EUR speculative net positions

Quarterly figures from Sodexo ($SW (-0,77%) ) 🇫🇷, Linea Directa Aseguradora ($LDA (-1,13%) ) 🇪🇸, Alma Media ($002950 ) 🇫🇮, Gofore ($GOFORE (+0%) ) 🇫🇮