IBM

The only positive thing today 👀📉

Amazon Web Services
$AMZN (+0,26%) is in negotiations for a potential contract that would allow IBM
$IBM (-0,87%) access to Nvidia
$NVDA (+2,01%) GPUs via its cloud service service. The deal could be worth around 475 million dollars over a period of five years - Bloomberg.

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 (-4,58%)
$NVDA (+2,01%)
$PLTR (+6,35%)
$VST (+1,56%)
$BTC (-1,89%)
$AAPL (+1,34%)
$MCD (-0,31%)
$SAP (-0,03%)
$DBK (-1,71%)
$MBG (-0,07%)
$QCOM (+2,48%)
$ARM (-2,66%)
$MSFT (-1,05%)
$MSTR (+8,98%)
$RTX (-0,37%)
$LMT (+0,94%)
$LHX (+0,74%)
$UPS (+0,66%)
$DBK (-1,71%)
$SAP (-0,03%)
$TXN (-0,01%)
$KO (-0,4%)
$IBM (-0,87%)
$MUV2 (-1,1%)
$SBUX (-1,55%)
$KER (+0,06%)
$E2NP34
#steuern
#steuernsindraub
#rückblick
#palantir
#bitcoin
#krypto
#crypto
#aktien
#meme
#memes
#pltrgang

Unpopular trades Part XXI

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Were sold:

$AAPL (+1,34%)

Apple is overvalued in my opinion, no longer particularly innovative and while the debt is rising, the equity continues to fall. I could of course be wrong, but then I would still have one position less in my portfolio (54) and in the end I still have a lot of Apple thanks to the ETFs.

$IBM (-0,87%)

$WM (-0,32%) 🥹

$HPQ (+0,51%)

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Rheinmetall was purchased $RHM (-0,78%)

Update analyst assessments:

$TSLA (-4,58%) | RBC raises target price for TESLA from USD 236 to USD 249. Outperform.

$KO (-0,4%) | JPMORGAN lowers the price target for COCA-COLA from USD 78 to USD 75. Overweight.

$TMUS (+0,18%) | UBS raises the price target for T-MOBILE US from USD 210 to USD 255. Buy.

$T (-0,14%) | UBS raises the price target for AT&T from USD 24 to USD 25. Buy.

$AOF (-3,11%) | WARBURG RESEARCH raises the price target for ATOSS SOFTWARE from EUR 142 to EUR 144. Buy.

$UA (+0,27%) | UBS raises the price target for UNDER ARMOUR from USD 11 to USD 12. Buy.

$JST (+1,33%) | WARBURG RESEARCH raises the price target for JOST WERKE from EUR 62 to EUR 77. Buy

$IBM (-0,87%) | UBS raises the price target for IBM from USD 145 to USD 150. Sell.

$FTK (-0,34%) | HAUCK AUFHÄUSER IB downgrades FLATEXDEGIRO from Buy to Hold and lowers target price from EUR 16 to EUR 15.

$ROG (+0,46%) | DEUTSCHE BANK RESEARCH raises the price target for ROCHE from CHF 235 to CHF 250. Sell.

$EBAY (+0,18%) | UBS raises the price target for EBAY from USD 59 to USD 72. Neutral.

$KER (+0,06%) | RBC lowers the price target for KERING from EUR 280 to EUR 230. Sector-Perform.

23.10.2024

IBM with strong profit growth but sales disappoint + Tesla share jumps after quarterly figures + Musk promises two million robotaxis per year + Coca-Cola exceeds expectations in the third quarter + TUI picks up speed: Break made and share price continues to rise

Strong demand for software has IBM $IBM (-0,87%) a surprisingly high quarterly profit. The artificial intelligence (AI) developed by the IT group is trustworthy and powerful, said CEO Arvind Krishna on Wednesday. He expects similar growth rates for the annual financial statements as in the past quarter. He is also confident of achieving the full-year target for free cash flow, which was raised to twelve billion dollars a few months ago and is used as an indicator for the dividend amount. Thanks to the growing demand for profitable AI software, IBM made a net profit of 2.30 dollars per share in the past quarter. The volume of the AI order book, which includes orders and booked sales related to this technology, has grown by one to three billion dollars in recent months, emphasized CEO Krishna. However, due to a weakening consulting and infrastructure business, total sales fell short of expectations at 14.97 billion dollars. The gloomy economic outlook had an impact here, explained IBM CFO James Kavanaugh in an interview with the Reuters news agency.

The electric car manufacturer Tesla $TSLA (-4,58%) earned more in the past quarter than Wall Street had expected. The share price jumped by more than nine percent at times in after-hours trading in New York on Wednesday. In terms of turnover, Tesla just missed analysts' forecasts. Revenue rose by eight percent year-on-year to just under 25.2 billion dollars. The market had expected an average of around 25.4 billion dollars. The money that Tesla earns from the sale of CO2 certificates to car manufacturers with combustion engines also played a role here. In the pure car business, turnover rose by two percent to a good 20 billion dollars. On the bottom line, Tesla's profit rose by 17 percent year-on-year to around 2.17 billion dollars. Adjusted earnings per share amounted to 72 US cents - while analysts had only expected 58 US cents. Tesla increased deliveries in the past quarter by six percent to just under 463,000 vehicles. The lion's share of this was made up of around 440,000 cars from the more affordable Models 3 and Y. However, the new electric pickup "Cybertruck" now follows them in third place in the ranking of electric vehicles sold in the USA, Tesla announced without providing a specific sales figure.

Elon Musk is backtracking on his bold promises to make Tesla the leading provider of self-driving cars. At least two million vehicles of the specialized robotaxi model "Cybercab" will be built annually, "maybe four million in the end", Musk said at the presentation of fresh quarterly figures. He qualified that the forecast was his "best possible estimate". Moreover, every current Tesla electric car will be able to drive autonomously anyway.

https://de.marketscreener.com/kurs/aktie/TESLA-INC-6344549/news/Musk-verspricht-zwei-Millionen-Robotaxis-pro-Jahr-48147007/

The Coca-Cola Co. $KO (-0,4%) beat analysts' estimates of USD 0.75 with earnings per share of USD 0.77 in the third quarter. Sales of USD 11.9 billion above expectations of USD 11.63 billion. Coca-Cola exceeds expectations in the third quarter with organic sales growth of nine percent, although net sales declined slightly. The Group is more optimistic for 2024 and is raising its forecast for organic sales growth to ten percent.

The TUI share $TUI1 (+2,78%) gains more than one percent to 7.62 euros on Wednesday. The next resistance level is the psychologically important 8 euro mark. If further buyers come onto the scene, it could continue above this level towards 9.50 euros. A horizontal resistance can be identified there - the November 2022 high was around EUR 9.48.

https://www.deraktionaer.de/artikel/aktien/tui-nimmt-fahrt-auf-break-geschafft-kurs-steigt-weiter-20368747.html

Thursday: Stock market dates, economic data, quarterly figures

ex-dividend of individual stocks

BAE Systems GBP 0.12

Quarterly figures / company dates USA / Asia

07:00 Hyundai quarterly figures

07:30 LG Electronics quarterly figures

12:00 UPS quarterly figures

12:30 Honeywell quarterly figures

13:00 American Airlines quarterly figures

14:00 Dow Inc quarterly figures

No time specified: Harley-Davidson | Valero Energy | ResMed | Hasbro | Southern Company | Northrop Grumman | Weyerhaeuser Quarterly figures

Quarterly figures / Company dates Europe

06:45 Equinor ASA Quarterly figures

07:00 Beiersdorf | Siltronic | Takkt | Amadeus Fire quarterly figures | Renault sales 3Q

07:30 Orange SA | Symrise Trading Update 9 months | Danone sales 3Q

08:00 MTU | LPKF Laser | Villeroy & Boch | Anglo American | Barclays Quarterly Figures | Hermes Turnover 3Q | Unilever | Relx | London Stock Ex. Trading Statement

17:45 Vinci | Accor 3Q sales

18:30 Valeo 3Q sales

Without time information: Sodexo | Dassault Systemes quarterly figures | Atos sales 3Q

Economic data

• 08:00 JP: Machine tool orders 9/24 (final)
• 08:45 FR: Business Climate Index October PROGNOSIS: 98 previously: 99
• 09:15 FR: Purchasing Managers' Index/PMI non-manufacturing | Purchasing Managers' Index/PMI manufacturing
• 09:30 DE: Purchasing Managers' Index/PMI non-manufacturing (1st release) October FORECAST: 50.6 PREVIOUS: 50.6 Total Purchasing Managers' Index (1st release) FORECAST: 47.6 PREVIOUS: 47.5
• 09:30 DE: Purchasing Managers' Index/PMI manufacturing (1st release) October FORECAST: 40.7 PREVIOUS: 40.6
• 10:00 EU: Purchasing Managers' Index/PMI non-manufacturing Eurozone (1st release) October FORECAST: 51.5 PREVIOUS: 51.4
• 10:00 EU: Purchasing Managers' Index/PMI manufacturing Eurozone (1st release) October FORECAST: 45.3 PREVIOUS: 45.0 Total Purchasing Managers' Index (1st release) FORECAST: 49.8 PREVIOUS: 49.6
• 10:30 UK: Purchasing Managers' Index/PMI non-manufacturing | Purchasing Managers' Index/PMI manufacturing
• 14:30 US: Initial jobless claims (week) FORECAST: 245,000 Previous: 241,000
• 15:45 US: Purchasing Managers' Index/PMI Services (1st release) October FORECAST: 55.3 PREVIOUS: 55.2
• 15:45 US: Purchasing Managers' Index/PMI Manufacturing (1st release) October FORECAST: 47.5 PREVIOUS: 47.3
• 16:00 US: New Home Sales September FORECAST: +0.6% yoy previous: -4.7% yoy

Earnings next week 🗓️

$SAP (-0,03%)

$NUE (+0,42%)

$VZ (-0,62%)

$GM (+1,81%)

$MMM (+1,06%)

$RTX (-0,37%)

$GE (+1,41%)

$ENPH (+6,64%)

$TXN (-0,01%)

$VRT (+2,61%)

$BA (-0,46%)

$T (-0,14%)

$KO (-0,4%)

$NEE (+1,64%)

$GEV (+2,49%)

$TMO (+0,81%)

$TSLA (-4,58%)

$LRCX (+0,38%)

$IBM (-0,87%)

$NOW (+1,32%)

$TMUS (+0,18%)

$AAL (+0,56%)

$UPS (+0,66%)

$LUV (+0,47%)

The enemy of the best is often the good.

I have these ETFs in my portfolio:

$TDIV (+0,29%)

$GGRP (-0,09%)

$FUSD (+0,25%)

$FGEQ (+0,06%)

Some, if not all, have outperformed the MSCI World at times.

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At the moment they are all about the same weighting and should be increased further. While I am trying to implement a growth strategy with equities, these ETFs are intended to generate passive income.

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Objectively speaking, I would have to sell the $FUSD (+0,25%) as it further increases the US share and overlaps heavily with at least two of the other ETFs. In other words, it reduces diversification in all respects.

But on the other hand $FUSD (+0,25%) also the one with the best past return and will probably remain so in the future.

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One approach could be to take the US weighting and overlaps into account in the ETF weighting of the portfolio and implement it as follows, for example:

$TDIV (+0,29%) 40%

$GGRP (-0,09%) 30%

$FGEQ (+0,06%) 15%

$FUSD (+0,25%) 15%

If the ETFs were weighted in this way, the following allocations would result:

Countries/Regions:

USA 56.4%

Canada 4.4%

Europe 33.2%

Asia 5.4%

Top 10 weighting:

$MSFT (-1,05%) 3%

$AAPL (+1,34%) 3%

$VZ (-0,62%) 2,3%

$CVX (+0,4%) 2,1%

$ROG (+0,46%) 2%

$NVDA (+2,01%) 1,9%

$PFE (+1,49%) 1,7%

$HSBA (-0,91%) 1,6%

$IBM (-0,87%) 1,4%

$AVGO (+0,31%) 1,4%

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What do you think of this allocation example? Do you have any suggestions for improvement or comments?