The population is worried about inflation and the 4th corona wave. This is also reflected in the major indices. Indeed, these all ended the week with losses.
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.
On its way to the top
First-quarter numbers from cloud pioneer Salesforce were really something to behold. After a correction low last March, the stock has already gained 20 percent. Currently, the company has a valuation of 226 billions. E-commerce has been a strong growth market since the early 2000s.
SAP is still number 1 in the CRM market. However, if Salesforce's growth rate continues, Salesforce could replace SAP from the top spot in the next few quarters.📈
Lindt buys back shares
Swiss chocolate maker Lindt & Sprüngli recently launched a buyback program for its own shares. Securities worth approximately 750 million Swiss francs are being repurchased. Converted, this is approximately 691.38 million euros. Furthermore, a dividend of 1100 francs was distributed last year. This is an increase of almost 5 percent compared to the previous year, when only 1050 francs were distributed. The dividend yield is 1.21 percent and this was the 25th consecutive annual dividend increase. 🍫🍫
3. Siemens Energy
New assessment after profit warning
Siemens Energy was down 11 percent last Thursday. After a profit warning from its subsidiary Siemens Gamesa, the group itself had to lower its future forecasts. ⚡ Now many major banks have had to rethink their share price targets. Many have changed their assessment from "buy" to "hold". Experts explain that the profit warning destroyed a lot of value, but also priced in a lot due to the setback.
Increased sales due to pandemic
Nintendo has long benefited from the sharp rise in the popularity of video games. That popularity came from the Corona Pandemic. Since the end of March, sales of the Switch have increased by 37 percent. Now, however, Nintendo is also suffering from the global semiconductor shortage. For the current year, Nintendo is looking to sell 25.5 million Switch consoles.🎮
In recent months, there has been frequent speculation that Nintendo plans to launch a new Switch version with an even better OLED screen.
Zoom plans new business through acquisitions
The American company Zoom is launching its biggest acquisition to date. It wants to buy a call center company to expand its business. The company to be acquired is Five9. Zoom agreed to pay a purchase price of $14.7 billion.🖥️
Zoom has been listed on the stock exchange since April 2019. At the time of the IPO, the company was valued at $9 billion. In the meantime, the group has a market capitalization of just under $107 billion, partly due to the flight to the top as a result of the corona pandemic