Economy on 05.05.2023...

With good numbers from Apple into the WE, right? ⤵️

Yes, the figures from $AAPL (+0,95%)
Appleexceeded expectations, but they were also quite low. Apple recorded a 3% decline in revenue compared to the previous year and will also end 2023 with a decline compared to 2022. But again, for me, the comparisons between the tech industry and 2021/2021 are very misleading. In some cases, it was not possible to deliver, there were no raw materials or they had to pay significantly more for them, and suppliers had the same problems. What really started in 2022 and only became apparent later is continuing and is now increasingly visible in the figures.

Apple sales in the second quarter: iPhone 51.33 billion, Mac 7.17 billion, iPad 6.67 billion, Services 20.91 billion, Products 73.93 billion, Greater China 17.81 billion.

Apple also launches a USD 90 billion share buyback program and raises the dividend by 4.3%. Apple could afford much more, but in my opinion it is doing the right thing. Take small steps and invest more in growth (which is of course becoming increasingly difficult). It remains exciting!

Also interesting yesterday were $SHOP (+0,91%)
Shopifywhich rose by over 25%, $DDOG (+0,03%)
Datadog with +15% and there were also some disappointments like $PARA (+2,22%)
Paramount, $PTON (+3,44%)
Peloton, $BKNG (+1,85%)
Booking Holdings, $VNA (+0,11%)
Vonovia and so on. So not everything is shining at the moment. Vonovia continues to record heavy losses and is now selling 5 projects for just under €560 million. Rising interest rates and declining sales are continuing to cause major problems here, even though demand for housing remains strong and rents are still rising slightly on average. I will use the crisis to add to my position. I have now also added to Paypal at this level. Technically I really like the chart at the moment and next week we will know more about the fundamentals! What are you currently looking at, or which dip have you bought or are planning to buy?

What else is on the agenda for the weekend (I'm very interested in MüRück's figures)?

Stock market holiday in Denmark, Japan and South Korea

Economic data

08:00

DE: New orders March seasonally adjusted FORECAST: -2.0% yoy previous: +4.8% yoy
DE: Turnover in the service sector February

08:30

CH: Consumer prices April FORECAST: +0.2% yoy/+2.8% yoy previously: +0.2% yoy/+2.9% yoy

08:45

FR: Industrial production FORECAST: -0.5% yoy previous: +1.2% yoy

10:00

EU: ECB, publication of the results of the business survey
EU: ECB, publication of the results of the Survey of Professional Forcasters

11:00

EU: Retail Sales March Eurozone FORECAST: 0.0% yoy previous: -0.8% yoy

14:30

US: Labor Market Data April Employment ex Agriculture PROGNOSE: +180,000 yoy previous: +236,000 yoy Unemployment rate PROGNOSE: 3.6% previous: 3.5% Average hourly earnings PROGNOSE: +0.3% yoy/+4.2% yoy previous: +0.3% yoy/+4.2% yoy

21:00

US: Consumer Credit March

Without time data

EU: Rating review for Sweden (S&P);

EFSF (Fitch); ESM (Fitch); Norway (Moody's);

Romania (Moody's); Switzerland (Fitch);

ex-dividend of individual stocks

Allianz EUR 11.40

Alstria Office EUR 0.06

Deutsche Post EUR 1.85

RWE 0.90 EUR

Softing 0.10 EUR

Talanx EUR 2.00

Quarterly figures / Company dates USA / Asia

12:30 Cigna quarterly figures

Quarterly figures / Company dates Europe

07:00 Krones | Clariant Quarterly figures

07:15 Air France-KLM quarterly figures

07:30 Adidas | Gea Group | SGL Carbon Quarterly figures

08:00 International Consolidated Airlines quarterly figures

09:00 Audi AG quarterly figures

10:00 Munich Re | Drägerwerk | Knorr-Bremse

10:00 Siltronic AGM

10:00 Vantage Towers AG, ao AGM with vote on domination and profit and loss transfer agreement with major shareholder Oak Holdings (joint venture of Vodafone, GIP and KKR)

13:00 Intesa Sanpaolo quarterly figures

#quartalszahlen
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#datedog

Mister_ultra@Mister_ultra

2Ano

The only thing I find really weak is the dividend increase at Apple. 4% is really puny with 7% inflation.

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Martin von mit Verstand zum Kapital@MitVerstandzumKapital

@Mister_ultra well, it is not a dividend stock but rather a growth stock. I think it's good that they do not increase the dividend too quickly and rather focus on your business and continue to grow!

@MitVerstandzumKapital That's true, although for me Apple is more of a dividend growth stock (comparable to Microsoft, ASML, MasterCard, Thermo Fisher,...) Low dividend yield, but with above-average increases (at least 7-8% p.a.).

But this is probably also due to the personal classification of the stock, for me Apple, like the above-mentioned stocks between dividend (classics like JNJ, Procter,...) and growth (Palo Alto, Shopify,...). In addition, I'm also not too big a fan of share buybacks, a little less of it and for +8% in dividends would be more to my liking.

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