16.07.2024 +++ Apple increases sales in India +++ Hugo Boss lowers forecast +++ Netflix with new price target +++ SMC joins the NASDAQ 100 +++ Solar sector under pressure +++
Jefferies raises target for NETFLIX $NFLX (-5,74%) to USD 780 (655) - 'BUY'
SolarEdge $SEDG (-4,8%) Technologies lost around 9% after the company announced plans to lay off 400 employees to restore profitability at a time of declining revenues. Other solar stocks fell, with Sunrun $RUN (+5,06%) and Sunnova Energy $NOVA (-12,9%) recently falling by more than 6 % each. Nextera Energy $NEE (-5,91%) slipped by 2%. Joe Biden stood for this sector, but he has not delivered on his promises in recent years. Now that he is losing more respect and Trump is further ahead, this is reflected in the sector!
Apple $AAPL (-6,8%) achieved a new record turnover of 8 billion dollars in India in the past financial year. The 33 percent year-on-year increase is in line with the increased attention Apple is paying to the Indian market, writes the agency. The iPhone manufacturer is benefiting from the increased purchasing power of Indians and has set its sights on the country as a production location and source of revenue beyond China against the backdrop of growing tensions in trade with the USA.
Hugo Boss lowers annual forecast below market expectations - weak quarter
The fashion retailer Hugo Boss $BOSS (-2,48%) is more pessimistic about the year as a whole after a disappointing second quarter. The company announced late Monday evening that it only expects sales to increase by one to four percent to 4.20 to 4.35 billion euros in 2024. This means that the upper end of the range is below the market expectation of 4.37 billion euros. Previously, Hugo Boss had expected an increase in sales of three to six percent. In its new forecast, the company assumes that currency effects will have a slightly negative impact on sales development in 2024.
Tuesday: Stock market dates, economic data, quarterly figures
ex-dividend of individual stocks
Clinica Baviera EUR 1.57
Quarterly figures / company dates USA / Asia
00:30 Rio Tinto Operation Report 2Q
11:55 Unitedhealth Group quarterly figures
12:45 Bank of America quarterly figures
13:30 Morgan Stanley quarterly figures
13:30 State Street quarterly figures
14:00 Alco Extraordinary General Meeting
Quarterly figures / Company dates Europe
07:30 Richemont Trading Update 1Q
17:45 Vinci Q2 sales
19:00 Telekom Austria quarterly figures
Economic data
- 10:00 EU: ECB, Quarterly Lending Report 2Q
- 11:00 EU: Trade Balance May
- 11:00 DE: ZEW Indicator of Economic Sentiment July FORECAST: 41.0 points previously: 47.5 points Economic situation FORECAST: -75.5 points previously: -73.8 points
- 14:30 US: Retail Sales June FORECAST: -0.2% yoy previous: +0.1% yoy Retail Sales ex Motor Vehicles FORECAST: +0.1% yoy previous: -0.1% yoy
- 14:30 US: Import and Export Prices June Import Prices PROGNOSE: -0.1% yoy previous: -0.4% yoy
- 16:00 US: Inventories May PROGNOSE: +0.5% yoy previous: +0.3% yoy
