Detailed BASF share analysis
$BAS (+2,68%)
Quarterly figures & performance
Outlook & dates
Market environment
Global diversification
Ratings
Competitiveness
Spin-off of exhaust catalysts
Expansion of battery materials
Detailed BASF share analysis
$BAS (+2,68%)
Quarterly figures & performance
Outlook & dates
Market environment
Global diversification
Ratings
Competitiveness
Spin-off of exhaust catalysts
Expansion of battery materials
02.09.2024
STOXX-50 under review + USA without stock market trading today + German elections in Thuringia and Saxony, without surprise + VARTA in negotiations with creditors + Is the FED lowering more than expected? Soon we will have more clarity
German Post $DHL (-0,74%) and BASF $BAS (+2,68%) about to leave the Stoxx-50 - Kering to leave the Euro-Stoxx-50 The weakness of the German economy is now also reflected in the indices: in addition to Reckitt Benckiser, Deutsche Post and BASF will probably also have to leave the Stoxx-50 with effect from September 23. The shares of the British stock exchange operator LSE and the bank shares Intesa Sanpaolo and BBVA are likely to move up. Kering will probably have to make way for Engie shares in the Euro Stoxx 50. However, VW's survival in its class was also not entirely assured shortly before the end of the counting period.
25 or 50 basis points - more clarity after the labor market report
As the reporting season for the first half of the year has come to an end, impetus can now be expected primarily from the macro side. The highlights in the coming week will be the Federal Reserve's economic report on Wednesday and the major US labor market report for August on Friday. Following this, there will be more clarity as to whether the US Federal Reserve will cut key interest rates by 25 or 50 basis points at its next meeting on September 18.
The Swabian battery manufacturer Varta $VAR1 (+1,27%) is still wrestling with some of its creditors over changes to its restructuring concept, according to insiders. Some of the promissory note creditors have demanded improvements in their favor, and the company has subsequently improved the concept twice, two people familiar with the negotiations told Reuters news agency on Friday. The ball is now in the creditors' court: they have until today to approve the proposal, said one of the insiders. Varta did not want to comment on this.
It ended August, which was weak in the meantime, with a plus of a good two percent. JPMorgan expert Greg Fuzesi considers the election results in the federal states of Thuringia and Saxony to be "difficult, but not dramatic". After all, it is close to the previous polls. The electoral success of the AfD in Thuringia and the second place in Saxony are a poor testimony to the federal traffic light system. The SPD, Greens and FDP's performance was correspondingly poor. However, according to Fuzesi, this is unlikely to have a direct impact on their federal policy. In addition, the AfD is likely to be excluded from forming a government because other parties are refusing to form coalitions
Monday: Stock market dates, economic data, quarterly figures
ex-dividend of individual stocks
/
Quarterly figures / Company dates USA / Asia
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Quarterly figures / Company dates Europe
No time specified:
- Heidelberg Materials, SdK Investor Forum
- Rheinmetall, Bank of America Virtual Industrials Back to School Conference, New York
Stock market holiday USA and Canada
Economic data
Have you ever thought about how companies actually get their ticker symbols?
Of course, you can make it as easy as Okta and $OKTA (+2,41%) or just take Meta $META (+2,96%) , $UBER (+2,41%) , $SAP (+3,39%) etc. or you can be clever like Porsche with $P911 (+1,46%) or Salesforce with $CRM (+4,59%) and advertise the product with your own ticker.
But then there are also companies that omit a letter from their name for no reason, such as $BAS (+2,68%) , $PEP (-0,72%) or $TSLA (+6,02%) and there are really crazy ones that simply use $AAPL (+3,18%) instead of $APPLE or $BAYN (+3,75%) instead of $BAYER. Steve Jobs can't tell me that there was nothing better than writing Apple with two A's back then.
And of course there are $AFX (+0,72%) and $KO (-1,83%) the ticker has nothing to do with the actual name.
Finally, there is also the faction that simply uses the classic $C (+3,43%) , $O (-2,97%) , $V (-1,36%) or $F (+0,66%) which at least makes sense because it really is much shorter.
I still don't know what to do with my global clean energy etf or with $INTC (+3,54%) should I do?
I would also like to have some industry in my portfolio. I'm thinking about investing far away from the usa. The obvious choice would be in Germany $BAS (+2,68%) or from AT $OMV (+1,52%) . Do you have any suggestions?
I used the summer months to save more for my bonds. I'm now pretty much at 75 percent equities, 15 percent bonds, 5 percent gold and 3 percent crypto.
This distribution is now to be maintained via a savings plan.
Of course, the tech sector is still overweight, even with a cluster. However, this cluster does not exceed 4 percent for those individual stocks.
Suggestions for improvement ?
As every Sunday, the most important news from the past week, as well as the dates for the coming week.
Also as a video:
https://youtube.com/shorts/a4VONpgpDy8?si=DlcRJH90N19mxo9L
Monday:
The $VOW (+0,86%) Lamborghini, a car manufacturer belonging to the VW Group, made a significantly higher profit. Turnover increased by 14.1% to 1.6 billion euros in the first half of the year. The profit rose to 458 million euros. The USA remains the most important market, ahead of Germany and the UK.
The prices for freight rates are rising sharply again, one consequence of which is that the trader Depot had to file for insolvency. Shipowners cite the Houthi attacks in the Red Sea as the cause. Traders speak of an artificial shortage.
Explosion on the factory premises of $BAS (+2,68%) BASF site in Ludwigshafen. The causes are still unclear, 14 people were slightly injured.
Tuesday:
Some company figures at a glance:
$BP. (+2,16%) BP (oil company) beats expectations on profit and raises dividend.
The Austrian $RBI (+1,55%) Raiffeisen Bank also increases its profit (Q2) to 661 million euros. Around half of this comes from the controversial Russian business.
The lubricant manufacturer $FPE Fuchs also increased its EBIT by 9%. Turnover fell by 3%.
The Swiss chemical manufacturer $CLN (-0,31%) Clariant raises its profit forecast. Although sales fell in the first half of the year, the EBITDA margin increased.
The German economy is still not making any headway. GDP fell by 0.1% in the second quarter. In the first quarter, growth was 0.2%. It is therefore questionable whether GDP will grow over the year as a whole.
Inflation in Germany 🇩🇪 remains a tough issue. At 2.3%, inflation in June was again slightly above the ECB's 2.0% target. Expectations were also slightly lower at 2.2%. However, the decisive factor is the inflation rate in the eurozone as a whole 🇪🇺. For example, Spain 🇪🇸 reported significantly lower inflation than expected.
Wednesday:
$TMV (+0,74%) Teamviewer continues to grow profitably and also exceeds expectations with an EBITDA margin of 41%. Above all, cash flow increased significantly by 29% to EUR 60.8 million in Q2. The P/E ratio is now also in the 10 range. This is very low by comparison for a software group.
https://stock3.com/news/teamviewer-ist-profitabler-als-gedacht-15091142
The BoJ raises interest rates for short-term deposits to 0.25% from 0.1% previously. Bond purchases are also to be reduced further. The BoJ is thus gradually ending its policy of negative interest rates, which has led to a massive depreciation of the Japanese yen.
Inflation in the eurozone surprisingly rises to 2.6%. This makes a faster interest rate cut by the ECB less likely. Experts had only expected inflation of 2.5%. The ECB itself has set itself a target of 2.0%. Blanchard recently criticized the target and said a target of 3.0% inflation would be better. Prices for services in particular have continued to rise sharply, increasing by 4.0%. In June, however, the increase here was still 4.1 %.
Following Jerome Powell's press conference, expectations of an interest rate cut in September in the USA 🇺🇸 have risen to 84%. The figures are currently moving in the right direction.
Thursday:
$VOW3 (+1,28%) Volkswagen exceeds expectations. Both sales (83.3 billion euros instead of 83) and operating profit (5.5 billion euros instead of 5.3) were higher than expected in the second quarter. In order to achieve the planned return of at least 6.5%, VW still has to stretch itself a little.
https://www.handelsblatt.com/unternehmen/industrie/geschaeftszahlen-im-newsblog-toyota-wird-noch-profitabler-weniger-gewinn-fuer-bmw-und-vw/24098412.ht$BOSS (+4,1%)
$BOSS (+4,1%) HUGO BOSS announced a significantly better cash flow in the second quarter. Although the forecast was recently lowered, HB remains on course for growth and is gaining market share in a generally weak market.
The BoE decides by a narrow majority to cut interest rates for the first time. The key interest rate is lowered by 0.25 percentage points to 5.0%.
Key dates in the coming week:
Monday: 16:00 Economic data (USA)
Tuesday: 11:00 Retail sales (EU)
Friday: 14:30 Employment data (Canada)