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NestléCH0038863350NESNNESN
Low performers, shitcoin collectors, uphill brakers and poolside swimmers!
Now it's time for a little #beerchallenge with me🍻
If you don't want to read it now: I spent two weeks with my boss and the camper including mountain equipment and gravel in the Schweiz🇨🇭 and in Südfrankreich🇫🇷
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🇨🇭🇨🇭 SWITZERLAND 🇨🇭🇨🇭
We first headed towards Kandersteg via Freiburg to take a look at Lake Oeschinen. I have to say, it's a beautiful lake with a great panorama!
We then continued towards Lake Geneva to Vevey to dip our big toe in the pond and (unintentionally) take a look at the $NESN (-0,89%) the headquarters.
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🇫🇷 🇫🇷 FRANCE 🇫🇷 🇫🇷
First of all: rejoice you $DG (-0,14%) shareholders, you got €65 toll from me.
We went to the Verdon Gorge via Grenoble. A bit up and down in just under 3.5 hours.
The next stop was the small coastal town of Hyeres on the Côté d'Azur for a swim and a tan.
Of course, we shopped at $CA (+0,8%) and refueled at $TTE (+1,13%) refueling.
Via St. Tropez, Cannes and Monaco, we then headed back home via Lake Maggiore.
After a total of almost 2200km, we had a moderately tasty meal at the lake Dosenbier❤️
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The end of the story:
We were on the road for a total of three weeks, drove 2700km and paid around €200 in tolls.
The vacation was good to get away from the hassle of saving money and enjoy life 🫶🏽
Greetings and kisses,
alpaca
Driving. That's not a challenge... 😂
But very nice pictures and certainly a very interesting tour. Thanks for sharing.
As every Sunday, the most important news from the past week, as well as the most important dates for the coming week.
Also as a video:
https://youtube.com/shorts/98gSyf4ik54?si=lSB_tDY1ht0EYRQS
Monday:
Food prices are rising in China 🇨🇳 and thus increasing inflation. In the first few years after coronavirus, China even had problems with deflation. Even now, inflation is only 0.6%.
Tuesday:
Despite all the crises, more dividends will still be paid out in 2024. 92% of all companies worldwide are likely to increase their dividends. Overall, dividends paid out are likely to rise by 5% to 1.74 trillion US dollars worldwide. The 20 largest dividend payers worldwide in the second quarter include many German 🇩🇪Unternehmen $MBG (-2,54%) Mercedes (USD 6.1 billion),$ALV (+0,8%) Allianz (USD 5.8 billion), Deutsche Telekom (USD $DTE (-1,29%) Deutsche Telekom (USD 4.1 billion) and $BMW (+0,81%) BMW (USD 3.9 billion). The largest payout was made by $HSBA (+1,51%) HSBC (USD 11.7 billion). This is followed by the Swiss 🇨🇭Konzern $NESN (-0,89%) Nestlé (USD 8.7 billion).
The two tech companies $AAPL (+2,87%) Apple and $GOOGL (+0,99%) Alphabet must pay billions to the EU. Apple has now suffered a final defeat before the ECJ due to alleged state aid by Ireland. Apple now has to pay 13 billion euros in back taxes plus interest.
Alphabet also lost in court and has to pay a fine of 2.4 billion euros. The reason is that Alphabet probably favored its own price comparison service in search engine advertising.
$BMW (+0,81%) BMW cuts its targets and recalls 1.5 million cars. The main reason is probably faulty parts from suppliers. BMW is therefore focusing more on monitoring and training suppliers. Instead of 8 - 10 % profit margin, the target is now 6 - 7 %.
$VOW (-0,25%) VW unilaterally cancels the job guarantee. The termination letters for six collective agreements were handed over to IG-Metall Lower Saxony and Saxony-Anhalt today. Dismissals for operational reasons are possible from July 1, 2025. Previously, job guarantees were in place until 2029, with VW justifying the end with excessively high costs in Germany, which are no longer competitive.
Wednesday:
Heated debate between Trump and Harris. Trump is directly convicted several times by the moderators with false statements. Immediately after the debate, Taylor Swift also speaks out in favor of Harris.
Major insider purchase at $HFG (-3,63%) Hellofresh, CEO Dominik Richter buys shares for more than 10 million euros.
https://www.boerse.de/nachrichten/EQS-DD-HelloFresh-SE-DSR-Ventures-GmbH-Kauf/36459409
There are many indications of an attempted takeover of $CBK (-1,28%) Commerzbank by $UCG (+0,49%) Unicredit buys directly from the German state for more than 700 million euros.
Inflation in the USA falls to 2.5% shortly before the Fed meeting and is thus approaching the 2.0% target. Experts had only expected a fall to 2.6%. Core inflation (excluding food and energy) remained at 3.2%. This should make it clear that the Fed is lowering interest rates. However, the amount of the cut is still unclear.
Thursday:
The ECB cuts the key interest rate by 25 basis points, which is in line with expectations. As a result, there has hardly been any impact on the stock market so far.
Producer prices in the US have risen slightly more than expected. However, the previous month's data was revised downwards slightly. Compared to the same month last year, producer prices rose by 1.7%. Producer prices are a leading indicator for the inflation rate in around 3 months' time.
https://www.ariva.de/news/usa-anstieg-der-erzeugerpreise-schwcht-sich-ab-11369313
Friday:
More and more market participants are expecting a large rate cut of 50 basis points at the Fed decision next week. In the meantime, 47% of interest rate traders believe a rate cut of half a percentage point is likely. If this is indeed the case, there is further upside potential for the markets. On the other hand, if this does not happen, there could be a major sell-off. This decision is therefore likely to move the markets in any case.
Most important dates in the coming week:
Tuesday: 11:00 ZEW Economic Sentiment (DE)
Wednesday: 20:00 Fed interest rate decision (USA)
Thursday: 13:00 BoE interest rate decision (UK)
$NESN (-0,89%) or $ULVR (-0,87%) ?
Which of the two food giants is currently the better choice for the portfolio?
In recent months, Unilever has performed significantly better than Nestlé, but the latter is an absolute giant that has historically always been reliable, while Unilever has often disappointed?
Withholding tax on dividends does not apply to Unilever, as it is based in the UK. Withholding tax on dividends at Nestlé is 35% (Switzerland), but at least for me (from Switzerland) this can be claimed on my tax return and is therefore not a disadvantage.
What are your thoughts?
They will probably (have to) succeed, because at the end of the day the consumer determines the product range. I could also imagine that they could play a role in the marketing of synthetic foods (as soon as it is understood that they will be relevant in the future)