UBS raises target for Rheinmetall to 2200 euros and 'Buy' + Okta increases non-GAAP net income and sales + Aroundtown benefits from higher rent

UBS raises target for Rheinmetall $RHM (-3,99%)to 2200 euros - 'Buy'

• The major Swiss bank UBS has raised its target price for Rheinmetall from 1840 to 2200 euros and left its rating at "Buy".
• Unlisted defense companies are an important backbone of the industry, but in theory they also cause capacity bottlenecks due to more difficult access to financing, wrote Sven Weier on Wednesday in the run-up to the NATO summit.
• However, he does not see any problems for Rheinmetall.
• The company is financially strong enough to support its suppliers.
• In view of the NATO summit, Weier believes that a 3.5 percent investment target of economic output for armaments is still fully priced into Rheinmetall shares.
• He raised his sales estimates once again.

Okta $OKTA (+1,12%)increases non-GAAP net profit and sales

• Okta late Tuesday reported first-quarter non-GAAP net income of $0.86 per diluted share, up from $0.65 a year earlier.
• Analysts polled by FactSet had expected $0.77.
• Revenue for the quarter ended April 30 was $688 million, up from $617 million a year earlier.
• Analysts had expected 680.3 million US dollars.
• For the second quarter, the company expects non-GAAP earnings per share of $0.83 to $0.84 on sales of $710 million to $712 million.
• Analysts are forecasting USD 0.79 and USD 708.8 million.
• For the 2026 financial year, the company raised its EPS forecast from USD 3.15 to USD 3.20 to USD 3.23 to USD 3.28.
• The revenue forecast for the financial year remains at USD 2.85 to 2.86 billion.
• Analysts surveyed by FactSet expect earnings per share of 3.2 US dollars on sales of 2.86 billion US dollars.
• Okta shares fell 11% in after-hours trading.

Aroundtown $AT1 (+0,94%)benefits from higher rent

• The commercial real estate specialist Aroundtown benefited from rising rents in the first quarter.
• Net rental income climbed by one percent to 295 million euros despite the sale of properties, as the MDax group announced on Wednesday.
• On a comparable basis, rents increased by 3 percent.
• At 76.3 million euros, the operating profit (FFO1) remained at the previous year's level.
• In addition to the lower number of properties, the perpetual bonds also had a negative impact here.
• For the current year, the real estate group is still aiming for a further decline in operating profit (FFO1) and is forecasting between EUR 280 million and EUR 310 million.
• At the bottom line, profit amounted to just under 319 million euros, mainly due to positive valuation effects, compared to 102 million euros in the same period of the previous year.
• Meanwhile, the company once again does not intend to pay a dividend for the past year.

Wednesday: Stock market dates, economic data, quarterly figures

Stock exchange trading in Sweden shortened (until 1 p.m.)

• ex-dividend of individual stocks
• Daimler Truck Holding AG € 1.90
• Bechtle AG € 0.70
• Hensoldt AG € 0.50
• SMA Solar Technology AG € 0.50
• KION GROUP AG € 0.82
• Deutsche Beteiligungs AG € 1.25
• Krones AG € 2.60
• Indus Holding AG € 1.20
• ABO Energy GmbH & Co KGaA € 0.65
• OHB SE € 0.60

• Quarterly figures / company dates USA / Asia
• 22:00 Nvidia | Salesforce Quarterly figures
• 22:30 HP Inc Quarterly figures

• Quarterly figures / Company dates Europe
• 06:50 Aroundtown Quarterly figures
• 07:30 Heidelberg Materials Capital Markets Day
• 10:00 Evonik Industries | Prosiebensat1 | Secunet Security AGM
• 10:30 Klöckner & Co AGM
• 11:00 Teamviewer AGM

• Economic data

08:00 DE: Import/Export Prices April Import Prices PROGNOSE: -1.2% yoy/+0.2% yoy previous: -1.0% yoy/+2.1% yoy | Employment April

08:45 FR: Private consumption April FORECAST: +0.3% yoy previous: -1.0% yoy | GDP (2nd release) 1Q

09:00 DE: Economic Barometer of the DIW - German Institute for Economic Research May

09:55 DE: Labor market data May seasonally adjusted unemployment rate FORECAST: +14,000 yoy previous: +4,000 yoy Unemployment rate seasonally adjusted FORECAST: 6.3% previous: 6.3%

10:00 EU: ECB, May consumer survey results

20:00 US: Fed, minutes of the FOMC meeting

Presumably because the New York Times reports on the Pentagon's war plans against China, which Musk was apparently briefed on at the Pentagon today.

In a military conflict between the two economic powers USA and China, the first "Line of Contact" would be a digital one: cyber attacks.

And even if only hypothetical scenarios are reported, this will probably already lead to an intensification of the constant mutual cyber attacks. Information is key.

• Cyberark $CYBR (+0,01%)
• Palantir Tech $PLTR (+7,48%)
• Check Point Software Technologies $CHKP (+1,54%)
• Crowdstrike $CRWD (+2,04%)
• VeriSign $VRSN (+3,05%)
• Zscaler $ZS (+1,44%)
• Okta $OKTA (+1,12%)
• Cloudflare $NET (+1,92%)
• Fortinet $FTNT (+1,99%)
• Cisco Systems $CSCO (+2,56%)
• Palo Alto Networks $PANW (+1,67%)
• Akamai Technologies $AKAM (+2,54%)
• BlackBerry $BB (+1,41%)
• NetScout Systems $NTCT (+0,89%)
• CommVault Systems $CVLT (+1,22%)

Sources:

• The Pentagon set up a briefing for Musk on plans for a potential war with China.
• NYTimes Liveblog: Trump Administration Live Updates: Trump Rejects Idea of Letting Musk See Secret Plans for War With China

#newyorktimes
#china
#usa
#trump
#pentagon
#elonmusk

I would like to know who still has shares at the moment that, contrary to the current market sentiment, still give them real pleasure.

Like many others, I'm almost exclusively in the red today and February wasn't a great month either. That's why I thought it would be a good idea to focus on something positive instead of always focusing on what's going wrong. True to the motto: Don't worry be happy.

So this week and for half a year now, I've been in a really good mood $OKTA (+1,12%) really good mood and is really the lone mood cannon in the depot at the moment 🙂

Bitcoin's strength fizzles out in 24 hours + Many US stocks hit annual lows + Tesla's sales in Scandinavia slump + Okta exceeds expectations + JPMorgan puts RWE on 'Positive Catalyst Watch'

Bitcoin $BTC (-0,22%)strength completely sold off again

• Bitcoin is losing value again after a strong rise on Sunday and is trading at almost 86,000 US dollars on Bitstamp.
• Market analyst Timo Emden from Emden Research describes the price rise as a "flash in the pan", as the initial euphoria following Trump's comments on cryptocurrencies has given way to a more sober view.

Many US equities at annual lows

• Microsoft Corp. $MSFT (+0,93%)falls to a new low for the year, currently down -2.62% to $386.57. The year-to-date performance is -8.30 %.
• T. Rowe Price Group Inc. $TROW (+1,22%)falls to a new low for the year, currently -1.97 % at $103.62. The year-to-date performance is -8.41 %.
• Occidental Petroleum Corp. $OXY (+2,02%)falls to a new low for the year, currently -5.98 % to $ 45.92. The year-to-date performance is -7.04 %.
• Target Corp. $TGT (+4,53%)reaches new 52-week low, currently -3.26 % at $120.19.
• Copart Inc. $CPRT (+0,02%)falls to a new low for the year, currently -0.64 % to $ 54.42. The year-to-date performance is -5.04 %.

Tesla's $TSLA (+6,14%)sales in Scandinavia collapse

• Tesla's sales in Scandinavia recorded a significant decline in February compared to the same period last year.
• The electric car manufacturer's market share is shrinking, while customer brand loyalty is being severely tested by CEO Elon Musk's political involvement in the Trump administration.
• In recent years, Tesla's vehicles have dominated the sales charts in Norway, Sweden and Denmark.
• But the tide has turned in 2024: According to the latest registration data from Monday, Tesla (NASDAQ:TSLA) is now falling behind competitors such as Volkswagen and Toyota, which are scoring points with new models.
• The figures speak for themselves: in Sweden, only 613 new Tesla vehicles were registered in February - a drop of 42% compared to the previous year.
• The situation is even more drastic in Norway and Denmark, where registrations fell by 48% to 917 and 509 vehicles respectively.
• This trend is particularly notable as the general demand for cars, especially electric vehicles, continues to grow in these countries.

Okta $OKTA (+1,12%)exceeds expectations

• Okta Inc. fourth quarter earnings per share of $0.78 beat analyst estimates of $0.74.
• Revenue of USD 682 million exceeds expectations of USD 668.91 million.

JPMorgan places RWE $RWE (+0,62%)on 'Positive Catalyst Watch'

• The US bank JPMorgan has placed RWE shares on its "Positive Catalyst Watch".
• According to analyst Javier Garrido's commentary published on Tuesday, he expects the Essen-based company to provide encouraging news on the use of capital with the publication of its annual results.
• He sees scope for further investment cuts of EUR 3 to 5 billion, which could open the door to further share buybacks in the future.
• Garrido's fundamental rating remains "Overweight" with a price target of 47.50 euros.

Tuesday: Stock market dates, economic data, quarterly figures

• Quarterly figures / company dates USA / Asia
• 18:00 Warner Music AGM
• No time specified: Target | Best Buy quarterly figures

• Quarterly figures / Company dates Europe
• 06:45 Kuehne & Nagel Annual results
• 07:00 Bilfinger | Lindt & Sprüngli Annual results
• 07:30 Continental | Fielmann Annual results
• 09:00 Continental BI-PK
• 10:00 Bilfinger BI-PK
• 12:30 Continental Analyst Conference
• 18:00 Freenet preliminary annual results
• Without time information: Bawag Group | VAT | Thales | Prada Annual figures

• Economic data

00:30 JP: Unemployment rate 1/25

00:50 JP: Investment Q4/24

11:00 EU: Labor market data January Eurozone Unemployment rate FORECAST: 6.3% previously: 6.3%

12:30 UK: Chancellor of the Exchequer Reeves, hearing in the House of Commons

15:00 EU: ECB, APP/PEPP monthly report

No time given:

CN: National People's Congress of China, press conference

US: Import tariffs on goods from China, Canada and Mexico come into force

US: Fed Richmond President Barkin, speech at Fredericksburg Regional Alliance event

- Monday: $GTLB (+0,47%) , $OKTA (+1,12%) .

- Tuesday: $CRWD (+2,04%) , $FLTR (+3,09%) , $ONON (-3,44%) , $TGT (+4,53%) , $SE-ED .

- Wednesday: $MDB (-1,91%) , $MRVL (+7,38%) , $VEEV (+0,1%) , $ZS (+1,44%) .

- Thursday: $AVGO (-0,94%) , $COST (+0,7%) , $HCP , $HPE (+2,45%) , $27C , $JD. (+0,52%)

... of infrastructure software.

The low cost of training and inference of the new model could trigger a new wave of AI adoption by improving the economics of AI projects and thus enabling wider use.

Increasing demand through lower costs:

DeepSeek's model offers superior inference performance at a disruptively low cost, which is expected to increase demand for AI solutions.

Bernstein points to previous examples, such as OpenAI's 4o-mini model, which promised lower prices with higher quality and increased usage by 50% within a quarter. Such effects could also occur again with DeepSeek.

Winners at the software infrastructure level:

Despite lower computational intensity, higher demand leads to opportunities for software vendors that provide the infrastructure for AI projects. This includes areas such as:

Data infrastructure (e.g. Confluent $CFLT (+1,18%) )

Identity management (e.g. Okta $OKTA (+1,12%) )

Observability tools (e.g. Datadog $DDOG (+0,99%) )

Communication technology (e.g. Twilio $TWLO (+1,55%) )

Browser integration and delivery (e.g. Cloudflare $NET (+1,92%) )

Platforms for service desk AI projects (e.g. ServiceNow $NOW (+1,82%) ) could also benefit, especially if they introduce a consumption-based pricing model that covers inference costs.