Omnicom Group Azione Forum

Very interesting key figures. Worth taking a closer look

📉 Analysts aggressively lower price targets for 10 stocks

👀 Analysts are generally bullish on most of the S&P 500 stocks quite optimistic. When they're not, it pays all the more to look twice.

👨🏼‍💻 In just one month Wall Street analysts their 12-month price targets for 10 S&P 500 stocks, including $CCL (-0,12%), $MU (-3,75%) and $NKE (+0,26%) , by more than 10% lowered. That's the strongest signal of caution you can get from analysts.

📊 Why all the big cuts now, after the S&P 500 has already entered a Bear Market fallen? It's all about fears that the upcoming earnings reporting season for the second quarter more difficult than many had previously anticipated.

"Corporate earnings in the second quarter are going to have a tough time because inflation has been much stronger than expected," said Edward Moya, strategist at Oanda.

📅 The price targets for S&P 500 stocks for the next 12 months keep getting lowered. In the last month alone, analysts have lowered their price targets for nearly 80% of the S&P 500 stocks lowered. The average reduction amounts to more than 3%.

Even "safe havens" such as large technology companies like Apple and Microsoft are also affected. After lowering their price targets on Monday, analysts have lowered their 12-month price target for Apple by more than 2% and for Microsoft by 1,8%.

😳 Biggest S&P 500 price target cuts

For these stocks, analysts have lowered their 12-month price targets the most in the past month:

• $CCL (-0,12%) -28.7% (Consumer Staples)
• $MU (-3,75%) -24.6% (information technology)
• $ADBE (+4,53%) -16.4% (information technology)
• $LEN (-2,72%) -15.6% (consumer goods)
• $IPG (-0,97%) -13.7% (communication services)
• $NKE (+0,26%) -12.5% (consumer goods)
• $ACN (+1,48%) -12.4% (information technology)
• $OMC (-0,26%) -12.4% (communication services)
• $BLK -11.5% (financial services)
• $NVR (-1,15%) -11.2% (consumer goods)

🤔 Are analysts lowering their price targets for S&P 500 stocks too late? Possibly. What do you think about the analysts' adjustments?

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗘𝗿𝘀𝘁 𝗶𝗣𝗵𝗼𝗻𝗲 𝗷𝗲𝘁𝘇𝘁 𝗘-𝗔𝘂𝘁𝗼 / 𝗙𝗿𝗶𝘀𝗰𝗵𝗲𝘀 𝗚𝗼𝗿𝗶𝗹𝗹𝗮𝗳𝘂𝘁𝘁𝗲𝗿 / 𝗕𝗶𝘁𝗰𝗼𝗶𝗻-𝗘𝗧𝗙 𝗶𝘀𝘁 𝗱𝗮

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, Atlas Corp. ($ATCO), Costamare Inc. ($LCM (-0,6%)), Herc Holdings Inc. ($H9B1 (-1,4%)), CBRE Global Real Estate Income Fund ($IGR) Lowe's Companies Inc. ($LWE (-1,13%)), High Income Securities Fund ($PCF), Tekla Healthcare Opportunities Fund ($THQ) and Tekla World Healthcare Fund ($THW) traded ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, America Movil ($MV9), Bank of New York Mellon ($BN9 (-1,05%)), Canadian National Railway Co. ($CY2 (+0,19%)), China Overseas Land & Investment LtdShs ($CPP (-2,65%)), Deutsche Börse AG ($DBOEY), Dover Corp ($DOV (-0,81%)), Entra ASA Unitary ($2EN (-1,26%)), Telefon AB L.M.Ericsson ($ERCB (-0,84%)), Fifth Third Bancorp ($FITBI), Halliburton Co. ($HAL (+0,57%)), Hindustan Unilever Ltd. ($N/A), Intuitive Surgical Inc. ($IUI1 (-0,95%)), Johnson & Johnson ($JNJ (-1,06%)), Kansas City Southern ($KCY), Netflix Inc. ($NFC (+2,19%)), Omnicom Group Inc. ($OCN (-0,26%)), Philip Morris Inc. ($4I1 (-0,2%)), Procter & Gamble Co. ($PRG (+0,18%)), Synchrony Financial ($SFE (-0,44%)), Tele2 AB ($NCYD (-1,65%)), Telekom Austria AG ($TKAGY), Travelers Inc. ($PA9 (+0,14%)) and United Airlines Holdings Inc. ($UAL1 (-0,18%)) presented their figures.

𝗜𝗣𝗢𝘀 🔔

Kotyark - From October 21 to 25, the company plans to launch its IPO. The biofuel production company was established in 2016 with SItz in Vadodara (India). They serve renewable green energy and sustainable development of renewable natural resources (biofuels) and through the use of environmentally friendly technologies, the net reduction of greenhouse gas emissions for use in a vehicle for public and private transport and various equipment and gene sets.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

Foxconn ($0FJ (-5,85%)) - The Taiwanese company not only wants to make smartphones like the iPhone for Apple ($APC (+0,17%)), but now also to produce electric cars. In the process, cars are to be manufactured for a wide variety of companies, which can be adapted to the wishes of the clients. Three different models were presented: a sedan, an SUV and a bus. The sedan is expected to have a range of up to 750 kilometers, the bus a little under 400 kilometers.

Due to this announcement, rumors about a possible electric car from Apple are getting louder.

Delivery Hero ($DHER (-3,56%)) + 🦍 - Delivery Hero has acquired eight percent of Berlin-based start-up Gorillas with a stake of $235 million. In addition to Tencent ($NNND (-2,42%)), Gorillas has now also been able to win Delivery Hero as an investor. After this investment round, the company's value rose to 2.1 billion US dollars ("pre-money valuation").

𝗖𝗿𝘆𝗽𝘁𝗼 💎

ProShares Bitcoin Strategy ETF - The futures-based bitcoin ($BTC-EUR (-0,63%)) ETF celebrates its debut on the New York Stock Exchange today. In doing so, investors can participate in bitcoin without having to physically hold it.

Square ($SQ3 (+5%)) - CEO Jack Dorsey announced plans to mine for bitcoin ($BTC-EUR (-0,63%)) to mine. The main focus is to be on transparency. According to the CEO, the power of Bitcoin lies in its decentralization, which is to be expanded and promoted.