For me in any case. Today, after-hours figures from $NVDA (-2,46%) and $CRM (-0,29%) . Not only could there be strong fluctuations in these stocks afterwards, but it will also have an impact on the entire tech stock market.

What do you expect?

Are you positioning yourself in advance or are you waiting?

I expect $NVDA (-2,46%) rather with falling prices if expectations are not pulverized,

which I can't imagine. The share has performed very well from the April low. People are hoping for a positive surprise. If that fails to materialize, it will go down. In the case of $CRM, on the other hand, I expect the share price to rise and also consider it interesting in the medium term.

I am planning to enter both stocks.

The current market sentiment at $BTC (-0,54%) makes me personally incredibly bullish. We are just scratching the $100k mark again and nobody seems to care.

With New Hampshire, we have the first US state with a strategic BTC reserve.

A bill also came into force yesterday in Arizona that does not allow direct investment, but transfers confiscated BTC to the state reserve. In many other states, SBR laws are currently going through the official legislative process, which you can follow here:

https://bitcoinlaws.io/reserve-race

$MSTR (-0,37%) hosted "Strategy World 2025" in Orlando from May 5-8. A conference at which BTC strategies and use cases for companies were presented.

Among others were:

- Visa $V (+1,04%)

- Dell $DELL

- Salesforce $CRM (-0,29%)

- Siemens $SIE (+0,35%)

- Palantir $PLTR (+7,32%)

- JP Morgan $JPM (+0,06%)

All of these companies are apparently involved with Bitcoin.

There are more and more strategy imitators. More and more companies are dedicating their entire business model to buying as much BTC as possible.

The funding rate is at bear market levels, which indicates a healthy, sustainable increase. There are no over-leveraged long trades in the market.

There is less and less BTC on the exchanges. The stock on the exchanges has been falling continuously for 5 years. BTC is not only being bought, it is being withdrawn from the exchanges. The supply is therefore falling continuously.

And while all this is going on, interest in Bitcoin is absolutely low, as can be seen from Google Trends.

It's interesting to see the direction in which this is all developing. What do you think?

1 Meta Platforms (A)

Meta is investing heavily in AI and the metaverse - an exciting tech giant with solid cash flow after the correction.

2. paypal

Fintech giant with a strong market position in digital payments - currently valued more favorably due to the correction.

3. realty income

Stable dividend payer ("Monthly Dividend Company") from the real estate sector - down due to interest rate concerns, now an attractive entry point.

4. salesforce

Market leader in CRM software with good growth prospects - the correction is pushing the price down to a more interesting level.

5 Shopify (A)

E-commerce enabler with potential to profit from global online trade - more attractive again after setbacks.

6. target

Solid retail company with stable sales - fallen due to economic uncertainties and now valued more excitingly.

7 The Trade Desk (A)

Profiteer of growing digital advertising - currently cheaper due to tech sector correction.

8 Zeta Global Holdings

Growing in data-driven marketing - still a small cap with opportunities due to current valuation weakness.

9 Alphabet (A)

Google parent with strong AI and cloud position - correction offers long-term investors favorable entry opportunities.

10. amazon.com

Market leader in e-commerce and strong in the cloud sector (AWS) - currently more exciting again after declines.

11. ASML

Monopolist in EUV lithography machines for the chip industry - cheaper due to market downturn, but essential in the long term.

12. diageo

Strong consumer goods stock (e.g. spirits) - currently under pressure due to economic concerns, which creates good opportunities for additional buying.

13. HCA Healthcare

Largest private hospital operator in the USA - defensive business model, more interesting valuation after the correction.

14. Lam Research

Important supplier for the semiconductor industry - currently affected by the weak semiconductor market, but enormously important in the long term.

With these words, I wish you a pleasant Sunday evening and a successful week! $META (+0,56%)
$LRCX (-3,6%)
$HCA (+1,1%)
$DGE (+0,56%)
$ASML (-1,02%)
$AMZN (-0,1%)
$GOOGL (-0,13%)
$ZETA (-0,22%)
$TTD (+0,27%)
$TGT (-0,74%)
$SHOP (-0,16%)
$CRM (-0,29%)
$O (+0,67%)
$PYPL (-0,62%)

#etfs
#dividends
#stockanalysis
#aktien
#tech

2025 - A stock market year that has so far been more reminiscent of rough seas. It goes uphill and the next moment it goes abruptly downhill again.

The January began with a lot of Trump euphoria on the markets, before this was halted by DeepSeek in the second half of January.

The February recovered relatively quickly from this shock before falling again in the second half of the month. The Trump euphoria has turned into a Trump shock for the time being.

Nevertheless, I will continue to hold a 75-80% USA quota with a high proportion of tea.

I can get over the fact that after 2 years of outperformance against my benchmarks, there may be an underperformance this year.

Monthly view:

In total, February was -3,2%. This corresponds to price losses of almost 10.000€.

The MSCI World (benchmark) was down -2.5% and the S&P500 -1.4%.

Winners & losers:

A look at the winners and losers nevertheless reveals a surprising picture for the top performer in February.

But first a look at the losersThe biggest loser by far is Alphabet $GOOG (-0,11%) With losses of almost €3,000, the share price took a heavy hit in February. This is followed by a total of almost €5,000 in price losses Bitcoin
$BTC (-0,54%) & Ethereum
$ETH (-1,93%) . 4th & 5th place goes to Salesforce
$CRM (-0,29%) and TSMC $TSM (-1,62%) two more tech stocks

On the winning side are actually at the top, much to my own surprise NVIDIA
$NVDA (-2,46%) with a price gain of almost €1,000. And this despite the fact that NVIDIA lost over 10% on the penultimate trading day in February. Nevertheless, the recovery after the DeepSeek shock in February was greater than expected.

The top 5 includes Amgen
$AMGN (+1,43%) and Johnson & Johnson
$JNJ (+1,86%) two stocks from the healthcare sector, a rather defensive sector. These are joined by MercadoLibre $MELI (+1,83%) and Palo Alto Networks $PANW (+4,01%) but also two tech stocks.

The performance-neutral movements were positive again in February at € 900, after January was clearly negative due to a property purchase.

current year:

In the YTD my portfolio is still just in the plus with +0,6%. However, the MSCI World is up +1.9% and I am currently underperforming my benchmark.

In total, my portfolio currently stands at ~288.000€. This corresponds to an absolute growth of ~€3,000 in the current year 2025. ~1.000€ of this comes from price increases, ~500€ from dividends / interest and ~1.500€ from additional investments.

Dividend:

• Dividends in February were 19% above the previous year at ~€188
• At the top of the list Procter & Gamble
  $PG (+1,21%) with now over €50 (gross) dividend every 3 months
• In the current year, the dividends after 2 months are +24% over the first 2 months of 2025 at ~350€

Buys & sells:

• I bought in November for ~800€
• 520€ shares
• 210€ ETFs
• Here I took up a new ETF via a savings plan, an ETF that normally does not correspond to my strategy at all. This is a Covered Call ETF on the NASDAQ $JEPQ (+1,53%) - The ETF uses a covered call strategy to aim for a distribution of ~10% p.a. and still generate price gains. I know that this doesn't make sense from a tax perspective, but what the heck: you can have fun sometimes 😉
• 100€ crypto
• sales there were none in February

YouTube:

I uploaded a few new videos to YouTube in February and I'm starting to feel less stupid talking into a microphone.

I've also uploaded my portfolio update there as a video if anyone would like to see some more information about the portfolio performance in February:

https://youtu.be/iJZ0i3EO5Hs

Here I act according to the motto: Let's see what happens - What will happen!

Goal 2025

Building a house makes it particularly difficult to formulate a goal this year.

A certain savings rate? Difficult if additional costs are suddenly added

A certain deposit value? Also difficult, as I can't really back this up with my savings rate this year and the markets are very volatile.

The current portfolio balance is ~€290,000. I would estimate additional investments at ~€15,000. This would bring me to just over €300,000. I originally assumed a market return of 7% for this year. However, after the first two months it is difficult for me to estimate how this year will go.

That's why I'm being honest: A target doesn't make sense for me this year.

The goal is to build a successful house and for the portfolio we'll just see what happens.

#dividends

#dividende

#rückblick

#depotupdate

#aktie

#stocks

#etfs

#crypto

#personalstrategy

Shares in Salesforce $CRM (-0,29%) fell by around 5% in pre-market trading after the company issued a revenue forecast for the 2026 financial year that was below Wall Street's expectations. The reason for this is the slow uptake of the Agentforce platform, which is based on artificial intelligence.

Salesforce, a pioneer in software-as-a-service, is relying heavily on AI agents to drive growth. In a market where companies like Microsoft and Amazon are already leaders, the pressure on Salesforce is particularly high.

Forecast revenues for 2025 are expected to be between USD 40.5 billion and USD 40.9 billion, while analysts expect an average of USD 41.35 billion. Adjusted earnings per share of USD 11.09 to USD 11.17 are also expected to be below analysts' estimates of USD 11.18.

Analysts emphasize that the return to double-digit growth rates depends on the successful introduction of Agentforce, especially after the weak growth figures of recent quarters.

The analyst ference on the results of the fourth quarter from Salesforce ($CRM (-0,29%)) revealed a company that is developing innovative AI solutions at the forefront of digital transformation.

Marc Benioff, Chairman and CEObegan the conference with a strong message: Salesforce achieved record record revenue of 10 billion dollars in the quarter and for the first time exceeded the the 60 billion dollar mark in remaining performance obligations (RPO) for the first time - a sign of customers' continued confidence in the company's vision.

The performance of the latest products was particularly impressive: Data Cloud and Agentforcewhich have already become a multi-billion dollar product line product line. Data Cloud and AI alone achieved an annual recurring earnings of 900 million dollarswhich represents growth of 120 % compared to the previous year compared to the previous year.

Benioff clarified Salesforce's central strategy: Customer 360 apps, Data Cloud and an AI agent platform form the core of a fully integrated system that is characterized by trust and efficiency sets new standards. Especially Agentforcethe AI-supported automation solution, is showing ground-breaking results: Just 90 days after its launch, Salesforce was able to acquire over 3,000 paying customerswho are seeing huge productivity gains.

Brian Millham, President and COOelaborated on the success of Agentforce and cited some impressive examples. OpenTable used Agentforce to to automatically process 73% of all web inquiries from restaurants within just three weeks. Even more remarkable is the use in Salesforce's own help portalhelp portal, where Agentforce solved 380,000 service requests autonomously - with an impressive success rate of 84% and an escalation rate of just 2%.. In addition, Agentforce accelerates the quotation process by more than 75% and and increases the productivity of account executives by 7 %.

Amy Weaver, CFO of Salesforcegave a detailed overview of the company's financial position. Total revenue for the 2025 financial year amounted to 37.9 billion dollarsan increase of 9 % compared to the previous year. In the fourth quarter alone, sales amounted to 10 billion dollarsan increase of 8 %despite a negative currency effect of 75 million dollars. The non-GAAP operating margin increased to 33.1 %which represents an increase of 170 basis points compared to the previous year year - a sign of efficient cost management and increasing economies of scale. Particularly impressive was the operating cash flowwhich, at 13.1 billion dollars, a new record, 28 % above the previous year.

With a view to the new financial year, Weaver gave a sales forecast of 40.5 to 40.9 billion dollars which corresponds to growth of 7 to 8 % growth. The Subscriptions and Support business is expected to growwhich is expected to grow by around 9 %. At the same time, it is expected that the non-GAAP operating margin is expected to rise to 34 %.

In the subsequent Q&A part of the conference the main focus was on Agentforce as a key technology for the future was discussed. Keith Weiss from Morgan Stanley wanted to know how the pricing model for Agentforce - will it remain user-based or will new approaches come into play? Benioff explainedthat Salesforce is relying on a hybrid model that includes both usage-based elements for AI agents as well as classic user licenses. user licenses. Millham added that Salesforce is considering a universal credit pricing structure that offers customers more flexibility.

Another topic was the impact of Agentforce on other products. Kirk Materne from Evercore ISI asked if Agentforce would have a positive effect on existing solutions. Millham confirmed that Agentforce enables new workflows and enhances Salesforce's core technology, which in the long term enhances the entire SaaS stack.

The management structure was also a point of discussion. Raimo Lenschow from Barclays inquired about the the merging of the COO and CFO positionsafter both Weaver and Millham left the company. Benioff clarifiedthat Robin Washington as COFO these two roles in an ideal combination in an ideal combination.

Other interesting questions concerned the impact of Agentforce on the labor market labor market and corporate structures. Brent Thill from Jefferies wanted to know whether Salesforce has a role in the government regulation of AI technology plays. Benioff explainedthat Salesforce does not engage in direct political influence, but does supports government projects when needed.

Mark Murphy from JPMorgan raised the question of how much Agentforce has on the efficiency and cost savings of companies. impact. Benioff repliedthat Agentforce enables companies to massively can massively expand their workforce without additional personnel costs - a paradigm shift in which CEOs will not only manage human employees in the future, but also AI agents.

At the end of the conference, Benioff made a clear announcement: 2025 will be the year of Agentforce. The impact of AI on business processes, automation and customer loyalty will accelerate rapidly. With a clear focus on AI-supported productivity solutions, Salesforce remains one of the most exciting tech stocks for investors.