Tupperware

18.09.2024

FED interest rate cut today + Tenders for onshore wind power pick up + Daimler Truck, weak demand in Europe + Tupperware files for bankruptcy in the US

The US Federal Reserve is expected to announce its interest rate turnaround this Wednesday. The tension is high. After all, it is still unclear how much it will cut key interest rates. According to a survey by the Bloomberg news agency, a majority of economists surveyed expect the interest rate spread to be reduced by 0.25 percentage points to between 5.0 and 5.25 percent. However, there are also a number of economists who believe a larger interest rate cut of 0.50 percentage points is likely. There has recently been increasing speculation on the financial markets about a larger interest rate hike. The US Federal Reserve has been holding on to the current interest rate for 14 months. Previously, it had quickly raised key interest rates in the fight against high inflation. A rate cut is now considered a foregone conclusion. After all, the inflation rate has been trending downwards in recent months and stood at 2.5 percent in August.

What do you think we can expect tonight? 0.25% or 0.5%. Will the market be disappointed by 0.25%, as 0.5% was expected? It remains exciting.

$NDX1 (-1,4%) In the tenders for onshore wind turbines the Federal Network Agency has once again set a new record. On August 1, 230 bids with a volume of 2,723 megawatts were awarded, the agency announced. The tender was oversubscribed for the first time since February 2022, meaning that one bid was not accepted. The tender was for 2,709 megawatts. "This tender is a record. The volume of bids in this round is higher than ever before: the bid volume of almost 3 gigawatts significantly exceeds the volume of 2.5 gigawatts required to achieve the annual expansion target," said the President of the Federal Network Agency, Klaus Müller.

Daimler Truck $DTG (-1,2%) is trying to cushion the weak demand for trucks in Europe, especially in Germany. "We are putting the brakes on costs in order to keep profitability at an acceptable level this year. For example, we imposed a spending freeze at the beginning of August," said CFO Eva Scherer. All costs that do not lead to sales, such as travel and events, are being reduced. "We are also avoiding new hires and replacing employees if it is not absolutely necessary." (Börsen-Zeitung)

The fresh food can specialist Tupperware $TUP has filed for bankruptcy in the USA after years of problems. At the same time, the company is seeking a sale and wants to continue operating. Proceedings under Chapter 11 of the US Bankruptcy Code protect the company from the claims of its creditors. Tupperware, a pioneer in household food containers, has been struggling with economic difficulties for some time. In recent months, negotiations have been underway with creditors, to whom Tupperware owes several hundred million dollars. A sale is now intended to protect the brand, according to a press release. At the same time, the aim is to drive forward the transformation into a primarily technology-based company.

Wednesday: Stock market dates, economic data, quarterly figures

Stock exchange holiday in Hong Kong and South Korea

ex-dividend of individual stocks

Salesforce USD 0.40

Quarterly figures / company dates USA / Asia

09:30 Alphabet Inc (Google Holding): EuG ruling on market abuse in online advertising

18:00 T-Mobile US Capital Markets Day

Economic data

• 08:00 DE: Manufacturing orders on hand and backlog July FORECAST: n/a previous: -0.2% yoy | Building Permits July
• 08:00 UK: Producer prices August output basis PROGNOSE: +0.0% yoy/+0.5% yoy previously: 0.0% yoy/+0.8% yoy | Consumer prices August PROGNOSE: +0.3% yoy/+2.2%
• 11:00 EU: August Eurozone consumer prices FORECAST: +0.2% yoy/+2.2% yoy PREVIEW: +0.2% yoy/+2.2% yoy PREVIEW: 0.0% yoy/+2.6% yoy Core (excl. energy, food, alcohol, tobacco) FORECAST: +0.3% yoy/+2.8% yoy PREVIEW: +0.3% yoy/+2.8% yoy PREVIEW: -0.2% yoy/+2.9% yoy
• 14:30 US: Housing starts/permits August housing starts FORECAST: +5.8% yoy previous: -6.8% yoy Building Permits FORECAST: +1.0% yoy previous: -4.0% yoy
• 20:00 US: Fed, outcome of FOMC meeting Fed funds target rate FORECAST: 5.00% to 5.25% previously: 5.25% to 5.50%
• 20:30 US: Press conference with Fed Chairman Powell

$TUP is preparing for insolvency - that's probably it for the company. Yesterday the company was halved again

My savings plan:

I have created a savings plan with 500€ per month and would like to share it with you. Gladly with feedback:

All approximate data:

Etfs (44%):

$ANX (-0,31%) Amundi Nasdaq 100 36%

$XDJP (+0,16%) Xtrackers Nikkei225 4%

$VUKE (+1,02%) Vanguard Funds PLC 100 GBP 4%

Equities (56%):

$GLEN (-2,22%) Glencore 4%

$LIN (+0,12%) Linde 4%

$DTE (+3,04%) German Telekom 4%

$STLAM (-0,97%) Stellantis 4%

$WM (+1,13%) Waste Management 3%

$PG (+0,21%) Procter+Gamble 3%

$ALV (+0,07%) Alliance 2%

$IFX (-0,35%) Infineon 2%

$BLK Black Rock 2%

$RWE (+0,57%) RWE 2%

$SHA Schaeffler 2%

$MSFT (-1,69%) Microsoft 2%

$JPM (-2,22%) JP Morgan 2%

$MDLZ (+1,23%) Mondelez 2%

$WMT (-3,53%) Walmart 2%

$8001 (+2,21%) Itochu 2%

$BRK.B (-0,9%) Berkshire Hathaway 2%

$MA (-1,59%) Mastercard 2%

$V (+0,16%) Visa 2%

$DIS (-0,65%) Disney 2%

$SHEL (+0,67%) Shell 2%

$NOVO B Novo Northdisc 2%

$RHM (-6,84%) Rheinmetall 2%

The ETFs will remain. If the Tech ETF has a lull, I will switch to S+P500. I will check the stocks once a year.

In addition to the savings plan, I have short-term shares in Tupperware $TUP and medium term in Nvidia $NVDA (+0,22%) and on my investment list Hillenbrand $HI (-1,17%) .

I am very happy about feedback.

Thank you community

Huhu, can someone explain to me why $TUP has been listed as "most traded" for days?

did I miss something?

thank you and nice weekend to all who have free and to all others who have to work like me, I wish a relaxed working poor - weekend

What an exciting 4 weeks.

My Best Shares:

$TUP +600% ( especially the last 2 weeks).

$RR. (-1,2%) +31,39 %

$VBK (+1,1%) + 19,75 %

Not so well run:

$NB2 (-6,96%) -27.39% (risk position still up 10%)

$6861 (+0,89%) -11.55% ( thus only just above the purchase)

$HIMS (+4,16%) -10.95% (still thickly around plus, profit already taken)

Unfortunately, got in too late to get something out. Better to sell now than to speculate further and lose even more in the end. $TUP

$TUP I don't even want to know how many have fallen on their faces today because they got in at +12% today and are currently at -33%. This happened to me in 2011 with Plug.

So my S/L has gripped I'm completely out. was a nice trip.

Have now times the point "paid capital gains tax" looked at... we can now still build an airport in Berlin :) $TUP

26€ profit 😂. Got in today and because of the earnings tomorrow also got out again.

What can I say, I was very annoyed to have missed everything. Especially because I talked about the company almost two weeks ago and then looked at the stock, but without investing anything, and also did no real research.

Well I'm always too late. But is not bad, because long-term thinking usually wins anyway.

Post times your profits in the comments, then I can bathe even more in self-pity 😂.

Half of the profit (it is really the profit, invest I have already taken out completely) taken. the other half wait for 2.8. $TUP could again go really high, or just really down. It depends on the content.

I am asked again and again whether I regret it so early already with the Hälfe rausgegangen be. Short answer: No. Will I regret having stayed in with the rest? No.

When you take such a risk, you have to measure the risk for yourself and take precautions. Do not ask me how many times my own stop loss has "leveraged" me. I find the right to set is the true art!