After an exciting week on the stock market, events eased somewhat over the weekend. The Dax rose slightly and the Dow Jones even fell a little.
As we do every week, we let our community decide which stocks they think are relevant or not. Some will look familiar, while others may be a hidden gem.
P.S. and as always, please remember that investing comes with risk, especially at times like now when we are seeing increased volatility and an abundance of liquidity in the markets.
Good prospects for McDonalds
The fast-food chain had already exceeded analysts' expectations in the first quarter of 2021. Profit rose by more than 30 percent compared to the same period last year and amounted to $1.92 per share.
This result exceeded forecasts by 11 cents. Consolidated revenue also rose 8.7 percent to $5.12 billion. 🍟
Now the group was the victim of a large-scale hacker attack. However, customer data was hardly affected. Cyberattacks in which hackers demand money to release data have been more common recently. A few weeks ago, Colonial was extorted for over $4 million.
Puma shows ambitions towards sustainability
French luxury goods group Kering took advantage of the upswing in Puma's stock and sold more shares of the sporting goods manufacturer. Until 2018, Kering was the majority owner but steadily reduced its stake since then.
Puma itself recently expressed its own plans. By 2025, the textile group wants to use polyester made from three-quarters recycled materials. The ratio of recycled polyester in 2020 was around 50 percent. 🏅
Overall, the M-DAX co-player was given a very good rating by investment bank Jefferies. The analysts set PUMA SE's price target from 90 to 110 euros and rated the company "BUY."
Shopify continues to benefit from e-commerce trend
The Canadian company Shopify grew very strongly during the Corona pandemic. However, this was to be expected; after all, e-commerce was already a megatrend before Covid, but the pandemic only made it more relevant.
This is also reflected in Shopify. The company posted high double- to triple-digit revenue growth rates. Shopify now handles over $120 billion in gross merchandise volume per year. 🛍️
As a result, the group is becoming a driving force in e-commerce. Some rumor that Shopify may become a long-term rival to industry giant Amazon.
Intel: Rescue through takeover?
High demand for semiconductors gave chip company Intel a rapid growth rate last quarter. While many experts expect the tight market situation to improve in the second half of the year, Intel CEO Pat Gelsinger says it could be a long time before things return to normal.
Now Intel has takeover talks with the young company SiFive. The offer amounts to more than $2 billion.
SiFive is one of the driving forces for the further development of instruction set architecture RISC-V for processors, microcontrollers, and computing accelerators. 🖥️
New plans at Lufthansa
The Corona pandemic has hit MDAX-listed Lufthansa hard. But the Executive Board has already emphasized that the company wants to emerge stronger from the crisis.
The subsidiary Eurowings wants to expand into the European metropolis of Prague. Initially, two Airbuses are to be stationed in the Czech capital.
Further aircraft are then to follow in the coming year. ✈️
It is also possible that Lufthansa intends to grow into other regions in the near future. Outsiders see this as an attempt to compensate for the decline in business travel.