Tilray

Earnings next week

$PEP (+0,41%)

$TLRY (-0,52%)

$DELTA

$AEHR (+0,9%)

$JPM (+0,73%)

$WFC (+0,68%)

$BLK (+0,05%)

26.09.2024

Tilray: In the fast lane with HDD9 drinks + SMA Solar is cutting back - job cuts likely + SAP is being targeted by the US Department of Justice + 50,000 Wirecard shareholders can hope for a little cash + Delivery Hero rally continues - 12-month high

The US investment bank Jefferies has raised its rating for Tilray $TLRY (-0,52%) to "Buy" with a price target of 2.50 dollars. Based on the current share price, this corresponds to a potential return of 48%. In his current study, analyst Kaumil Gajrawala highlighted the launch of a new range of beverages containing hemp-derived Delta-9-THC (HDD9). These products are expected to be available in key US markets from October 2024.

https://de.investing.com/news/stock-market-news/tilray-mit-hdd9drinks-auf-die-uberholspur--jefferies-sieht-49-potenzial-2715190

The weakening inverter manufacturer SMA Solar $S92 (+0%) wants to make substantial savings due to the problems in the business with private and commercial solar systems and is also likely to cut jobs. The Managing Board intends to launch a restructuring and transformation program that is expected to result in cost savings of 150 to 200 million euros, as the SDax company announced late Wednesday evening in Niestetal, Hesse. The sales development in the Home Solutions and Commercial & Industrial Solutions segments continues to be significantly influenced by persistently high inventories at dealers and installers as well as a generally very challenging market environment, it said. The share price rose by two percent after the close of trading on the Tradegate trading platform compared to the Xetra close. "In order for SMA to remain an integral part of the global energy transition in the future, we must now position ourselves better and for the future," said CEO Jürgen Reinert according to the press release. He wants to use the cost-cutting program to stabilize the company financially in the short term and realign it on the market.

SAP $SAP (+0,17%) was under pressure to sell following a report that the company in the USA, as well as the US IT reseller Carahsoft, had been targeted by the US Department of Justice. Since at least 2022, lawyers have been investigating whether the German software group had entered into possible price agreements with Carahsoft in order to obtain excessive prices from the US Army and other US authorities. This is according to court documents filed, reported the news agency Bloomberg. An SAP spokesperson did not want to comment on this when asked by Dow Jones Newswires.

Following a new decision by the Munich Higher Regional Court, a good 50,000 Wirecard $WDI -shareholders can hope for compensation in the insolvency proceedings for the time being. The fifth senate of the Higher Regional Court has decided that Wirecard shareholders can file their claims in the insolvency proceedings. The lawsuit against the insolvency administrator Michael Jaffé was brought by the asset management company Union Investment, which had purchased Wirecard shares for 33 of its clients between 2015 and 2020. First reported by the "Süddeutsche Zeitung". The case is not yet closed. It is a so-called "interim judgment"; the judges in the case did not decide on the grounds or the amount of the claims for damages filed by Union Investment.

The mood of optimism among investors in Delivery Hero $DHER (+1,78%) continued on Wednesday. The shares continued their rapid recovery, which began at the beginning of August, with a 7.7 percent jump in price to EUR 34.53. This was the first time in more than a year that they had exceeded the EUR 34 mark. The old highs from November 2023 and April 2024 were recently close to this level, but the increase was recently put back into perspective to almost 5%. Recently, the prospect of an IPO of the rapidly growing Middle East and North Africa brand Talabat, among other things, has been arousing the imagination of investors, who have been used to a lot of grief since the record high from the coronavirus era. In January 2021, up to EUR 145 was paid when the pandemic lockdowns triggered hype around online services. In the spring of this year, the sell-off then ended at a level of just under EUR 15, from which there have only been temporary recovery rallies so far. In July and August, the shares came even closer to the low.

Thursday: Stock market dates, economic data, quarterly figures

ex-dividend of individual stocks

British American Tobacco 0.59 GBP

Philip Morris International 1.35 US

Quarterly figures / company dates USA / Asia

17:00 Intuit Investor Day

22:00 Costco Wholesale quarterly figures

Quarterly figures / Company dates Europe

07:00 KWS Saat detailed annual results + annual report

08:00 Verbio annual results and annual report | Hennes & Mauritz 9-month results

10:00 KWS Saat BI-PK

11:30 BASF Capital Markets Day, Day 1

14:00 Verbio Earnings-Call

Untimed: Thyssenkrupp: Supervisory Board meeting at Thyssenkrupp Steel

Economic data

• 08:00 DE: GfK consumer climate indicator September FORECAST: -21.3 points previously: -22.0 points
• 09:30 CH: Swiss National Bank (SNB), outcome of the Monetary Policy Council meeting
• 10:00 EU: ECB, M3 money supply and lending August M3 money supply FORECAST: +2.6% yoy previously: +2.3% yoy
• 14:30 US: New orders for durable goods August PROGNOSE: -3.0% yoy previous: +9.8% yoy
• 14:30 US: GDP (3rd release) 2Q annualized PROGNOSE: +3.0% yoy 2nd release: +3.0% yoy 1st quarter: +1.4% yoy GDP deflator PROGNOSE: +2.5% yoy 2nd release: +2.5% yoy 1st quarter: +3.1% yoy
• 14:30 US: Initial jobless claims (week) FORECAST: 223,000 Previous: 219,000

30.07.2024 + today Microsoft, Paypal and many more + Tesla with technical progress + Abbott with high fine + Tilray with less loss + McDonalds high demand for the 5$ menu

McDonald's Corp. $MCD (+0,61%) misses analysts' estimates of $3.07 in the second quarter with earnings per share of $2.80. Sales of $6.49 billion are below expectations of $6.62 billion. Due to the high demand for the $5 menu, however, the company's outlook remains positive. 93% of all restaurants want to expand this offer further.

Tesla $TSLA (+0,87%) shares rose 1.4% after Piper Sandler issued a bullish note on the electric car maker, suggesting that Tesla may have finally cracked the code on fully self-driving technology and is worth a "buy" rating. Morgan Stanley has also elevated Tesla to its "top pick" in the US auto sector.

Abbott $ABT (+1,27%) fell 6.2% after a jury ordered the healthcare company to pay $495 million in damages in a premature baby formula lawsuit.

Tilray $TLRY (-0,52%) grows thanks to positive sales in the fourth quarter, the loss is smaller

Tuesday: Stock market dates, economic data, quarterly figures

Quarterly figures / company dates USA / Asia

12:30 Merck & Co quarterly figures

12:45 Pfizer quarterly figures

12:55 Procter & Gamble quarterly figures

13:15 Paypal quarterly figures

22:01 Microsoft quarterly figures

22:05 Mondelez | Starbucks | Stryker quarterly figures

22:15 AMD quarterly figures

Quarterly figures / Company dates Europe

07:00 Redcare Pharmacy | Covestro | Fresenius Medical Care Quarterly figures

07:00 Fuchs | Heidelberg Materials | DSM-Firmenich quarterly figures

07:00 Sika quarterly figures

07:30 Raiffeisen Bank International |SCOR Half-year figures

08:00 BP | Diageo | Standard Chartered quarterly figures

11:00 Vodafone AGM

13:00 Intesa Sanpaolo half-year figures

14:00 Linde AGM | Heidelberg Materials Analyst Conference

17:45 Airbus half-year figures

18:00 L'Oreal half-year figures

18:30 Airbus Call

Economic data

• 07:30 FR: GDP (1st release) 2Q PROGNOSIS: +0.2% yoy Q1: +0.2% yoy
• 07:30 FR: Private consumption June FORECAST: 0.0% yoy/ 0.0% yoy Previous: +1.5% yoy/+0.9% yoy
• 09:00 ES: GDP (1st release) 2Q FORECAST: +0.4% yoy/+2.4% yoy 1st quarter: +0.8% yoy/+2.5% yoy
• 09:00 ES: HICP and consumer prices (preliminary) July HICP PROGNOSE: +3.3% yoy previous: +3.6% yoy
• 10:00 DE: GDP (1st release) 2Q calendar and seasonally adjusted yoy FORECAST: +0.1% yoy Q1: +0.2% yoy calendar-adjusted yoy FORECAST: 0.0% yoy Q1: -0.2% yoy
• 10:00 IT: GDP (1st release) 2Q FORECAST: +0.1% yoy/+0.9% yoy Q1: +0.3% yoy/+0.7% yoy
• 11:00 EU: GDP (1st release) 2Q Eurozone FORECAST: +0.2% yoy/+0.5% yoy Q1: +0.3% yoy/+0.4% yoy
• 11:00 EU: Economic Sentiment Index July Economic Sentiment Eurozone Forecast: 95.6 Previous: 95.9 Industrial confidence Eurozone Forecast: -10.5 Previous: -10.1 Consumer confidence Eurozone Forecast: -13.0 Previous estimate: -13.0 Previous: -14.0
• 14:00 DE: Consumer Prices (preliminary) July PROGNOSE: +0.3% yoy/+2.2% yoy PREV: +0.1% yoy/+2.2% yoy HICP PROGNOSE: +0.3% yoy/+2.4% yoy PREV: +0.2% yoy/+2.5% yoy
• 16:00 US: Consumer Confidence Index July FORECAST: 99.5 previous: 100.4
• 16:00 US: Number of job openings, quits and layoffs (Jolts) June

The market overview for 🇺🇸 & 🇪🇺:

US MARKET🇺🇸

Monday

• PACS Group ($PACS) and UL Solutions ($ULS) have potential IPOs.
• Neel KashkariPresident of the Minneapolis Fed, delivers remarks.

Tuesday

• Release of the NFIB Small Business Optimism Index (March).
• Quarterly reports from WD-40 ($WDFC (+0,75%) ) and Tilray Brands ($TLRY (-0,52%) ).

Wednesday

• Publication of the consumer price index (March).
• Publication of the wholesale stocks (March).
• Publication of the minutes of the March meeting of the Federal Open Market Committee (FOMC).
• Publication of the monthly federal budget of the USA (March).
• Speeches by Austan GoolsbeePresident of the Chicago Fed.
• Quarterly reports from Delta Air Lines ($DAL (-1,78%) ) and Applied Digital ($APLD ).

Thursday

• Publication of the initial applications for unemployment benefits (April 5).
• Publication of the producer price index (March).
• Speeches by John C. Williams, President of the New York Fed, and Raphael BosticPresident of the Atlanta Fed.
• Quarterly reports from Constellation Brands ($STZ (+0,43%) ), Fastenal ($FAST (+1,01%) ) and CarMax ($KMX (+1,16%) ).

Friday

• Publication of the preliminary Michigan Consumer Sentiment Index (April).
• Speeches by Raphael Bostic, President of the Atlanta Fed, and Mary C. DalyPresident of the San Francisco Fed.
• Quarterly reports from JPMorgan Chase ($JPM (+0,73%) ), Wells Fargo ($WFC (+0,68%) ), BlackRock ($BLK ), Citigroup ($C (+0,65%) ), State Street ($STT (+0,52%) ) and Progressive ($PGR (+1,69%) ).

EUROPEAN MARKET🇪🇺

Monday

• Publication of Industrial Production Index🇪🇺

Tuesday

• ZEW Economic Sentiment🇩🇪 will be published
• Quarterly reports from Ericsson ($ERIC A (+1,25%) )🇸🇪, Beiersdorf AG ($BEI (+1,42%) )🇩🇪, Sika ($SIKA (+0,79%) )🇨🇭, Rio Tinto PLC ($RIO (-0,62%) )🇬🇧

Wednesday

• Release of CPI data🇪🇺
• Quarterly reports from Hays ($HAS (-0,27%) )🇬🇧, Petershill Partners ($PHLL )🇬🇧, Just Eat Takeaway ($TKWY (-0,32%) )🇬🇧, Entain ($ENT (+0,58%) )🇬🇧, La Francaise ($FDJ (-2,01%) )🇫🇷, Legal & General ($LGEN (+0,24%) ), Tryg ($TRYG (+1,12%) )🇩🇰, BHP Group Ltd ($BHP (+0,02%) )🇬🇧, ASML Holding ($ASML (-0,06%) )🇳🇱Volvo B ($VOLV B (+0,34%) )🇸🇪, Severstal ($CHMF )🇷🇺

thursday

• Publication of Construction Output🇪🇺
• Quarterly reports from Danone ($BN (+0,79%) )🇫🇷, Nokia Oyj ($NOKIA (+1,13%) )🇫🇮, Tele2 AB ($TEL2 B (+1,73%) )🇸🇪

Hi folks,

which sector is still useful to cover ?

Makes me times a few suggestions.

have until Jz real estate $O (+0,95%) technology $AAPL (+0,73%) and Pharma & Cosmetics/Cannabis $TLRY (-0,52%) .

Partial sale. Holding period 50 days.

getquin Daily Summary 07.10.2022

Hello getquin,

Happy Friday to all of you. How did your portfolios perform this week?

Europe🌍:

1. will Adidas continue its partnership with Kanye West?

Adidas has announced it is reviewing its partnership with Kanye West. So far, the partnership has been very profitable for both parties, generating over $1 billion in revenue annually. For Kanye, it was the first major partnership, which helped in to a fortune of about 2 billion US dollars. In recent months, however, there have been more and more scandals involving Kanye and there has also been more and more friction in the relationship with Adidas. What is your opinion? Who would be hurt more by the end of the partnership?

Read more: https://cnb.cx/3el20D7

🟥 $ADS (+0,26%) 116,66€ (🔽 -4,27%)

America🌏:

2nd Peloton lays off another 500 employees

The next wave of layoffs is now coming for Peloton employees. According to CEO Barry McCarthy, the ailing fitness equipment manufacturer, should thus be brought back to growth. The cuts, which represent about 12% of Peloton's workforce, mark a turning point for the company, McCarthy says. Peloton has already had several rounds of layoffs this year. Will it also be the last? According to CEO Barry McCarthy, it will.

Read more: https://cnb.cx/3rESrC2

🟩 $PTON (+4,11%) 8,82€ (🔼 +3,78%)

3. amazon has christmas fever

Amazon plans to hire about 150,000 employees for its logistics centers in the coming months. Despite inflation and declining consumer sentiment, Amazon expects order volume to be higher again in Q4 this year. Ahead for Prime Day, Black Friday, Cyber Monday and the Christmas season, Amazon and other retailers need hundreds of thousands of additional employees each year to keep up with the order volume.

Read more: https://reut.rs/3ehzfr1

🟥 $AMZN (+0,81%) 119,2€ (🔽 -3,18%)

Stocks of the day:

🟩 TOP $CDR (+2,1%) 23,64€ (🔼 +5,14%)

👍 The gaming developer has published its gaming roadmap for the next few years. Investors apparently like what CD Projekt is working on.

🟥 FLOP $AMD (+0,38%) 63,93€ (🔽 -4,54%)

👎 Investors continued to sell AMD shares on Friday after the chipmaker released weak preliminary third-quarter results.

🟩 Most searched Porsche AG, 92,59€ (🔼 +1,52%)

🟥 Most traded $TLRY (-0,52%) , 3,70€ (🔽 -7,86%)

🟥 S&P500, 3,672.32 (🔽 -1.93%)

🟥 DAX, 12,323.22 (🔽 -1.18%)

🟥 bitcoin ₿, 20,110.28€ (🔽 -1.40%)

Time: 17:00 CEST

Fun Fact:

When the Ethereum merge took place, it was no longer possible to mine using graphics cards. As a result, global power consumption appears to have dropped by 0.2%.

#MarketNews
#MarketNewsUpdate

Hey I'm thinking about investing in cannabis stocks. Right now I'm looking at four different stocks that are American but also based here in Germany, according to my information. With legalization/decriminalization coming soon in Germany, there is a lot of potential in this stock area. Does anyone know anything about this area and can tell me if I am right with these stocks or if there are better options?

My watch list:

$WEED , $TLRY (-0,52%) , $ACB , $CBSX