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Interview with Clemens Fuest - Germany on the brink? Ifo President finds: "Elon Musk is talking nonsense"

The German economy is stagnating and economic output is not rising above the 2019 level. That is the bitter outcome of a lost half-decade, as Clemens Fuest, President of the Ifo Institute, makes clear in an interview with the FAZ.

"We have real problems," says Fuest, adding that it is not just external circumstances that are weighing on Germany's economy, but also home-grown problems. In this tense economic environment, Fuest voices fierce criticism of Elon Muskthe CEO of Tesla. Musk, known for his sometimes controversial statements and visions, hatte zuletzt Vorschläge gemacht which Fuest describes as "gross nonsense". These proposals relate in particular to Musk's ideas on the industry of the future.

"Germany is not on the brink"

Musk has repeatedly emphasized that Germany must fundamentally change its industrial policy in order to remain competitive. Fuest replied: "Germany is not on the brink, wie er behauptet . Our country is stuck in stagnation, that's something completely different."

Fuest emphasizes in the interview that German economic policy should aim to further promote its strengths. "Depending on the count, there are between 1,000 and 1,500 companies in Germany that are world market leaders in a niche. No other country has this in this form. And that leads to the export strength that continues to characterize Germany."

The Ifo Director calls for political decision-makers in Germany and Europe to rethink and adapt their strategies. "The approach of relying heavily on subsidies to transform the economy" was wrong, he emphasizes. The "traffic light coalition has also failed to find an answer to the decline in investment in companies and housing construction".

"Depending on the count, there are between 1,000 and 1,500 companies in Germany that are world market leaders in a niche. No other country has this in this form. And that leads to the export strength that continues to characterize Germany."

My dears, which world market leaders can you think of here? And which German niche companies are you counting on?

$SIE (-0,04%)
$MUM (+0%)
$SAP (+0,18%)
$AIXA (-0,3%)
$ADS (+0,06%)
$RR. (+0,26%)
$FRE (-0,01%)

Interview mit Clemens Fuest - Deutschland am Abgrund? Ifo-Präsident findet: „Elon Musk redet groben Unfug“

- ECB & Fed key rate cuts

- Government bond and foreign exchange markets

- The economy

- Trump

- Corporate profits

- Earnings revisions

- Valuations

- Dividend increase

- Auto sector

- Volatility

Link: https://www.ideas-magazin.de/2025/ausgabe-273/titelthema/?utm_source=techaktien-instagram&utm_medium=influencer&utm_content=titelthema&utm_campaign=ideas-magazin

#dividende
#dividenden
#2025
#sap
$SAP (+0,18%)
$MURGY
$ALV (-0,03%)
$VOW (-0,19%)
$RHM (+0,78%)
#aktien #stock market

Good evening,

I have just come across the ETF $IEFM (+0,02%) (actually $CEMR, but unfortunately it is not shown here) (Edge Europe Momentum EUR (Acc)) and it seems very interesting to me as it covers the European market. Over the long term, the ETF has had nice growth and the individual companies such as $SAP (+0,18%) , $ASML (-0,28%) , $NOV (+0,36%) but also $RACE (+0,17%) I like very much. In $SAP (+0,18%) I am also already invested. However, I am currently also investing in other ETFs such as the $VWCE (-0,01%) the $IGLN (-0,06%) , the $DFEN (+0,08%) , the $VHYL (-0,03%) (actually $VGWD but it is not shown here either) and the $QDV5 (-0,57%) . Would it be worthwhile to include the $IEFM (+0,02%) in my savings plan and thus increase the European share in my portfolio? What do you think of the ETF?

1/3 tranches and one of two new shares

The FED interest rate decision is today at 8 pm + Ceconomy targets significantly higher operating profit + Jefferies ranks SAP among 'Top Picks' in Europe - 'Buy'

The Fed is expected to cut the key interest rate by a further 25 basis points.

cut. "More exciting than the interest rate decision itself is the update of the Fed's

the Fed's forecasts for 2025, 2026 and 2027," wrote market expert

Thomas Altmann from QC Partners. So far, the central bank has avoided

Donald Trump's election as the next US president. But now

Fed members could no longer avoid discussing the effects of Trump's economic

economic policy on inflation, growth and the key interest rate.

Ceconomy $CEC (-0,16%)with new dividend policy

• The MediaMarkt and Saturn parent company Ceconomy intends to earn significantly more operationally in the new financial year.
• It is also realigning its dividend policy. In future, 10 to 25 percent of earnings per share will be passed on to shareholders, the SDax company announced on Wednesday.
• In previous years, there was nothing as a result of the Convergenta transaction.
• Earnings per share (EPS) for the completed financial year 2023/24 amounted to 16 cents after a loss of 8 cents in the same period of the previous year.
• The new target for the payout ratio, which is significantly lower than the previous one, and earnings per share result in a dividend of between 1.6 and 4 cents for the 2023/24 financial year. Analysts surveyed by Bloomberg had previously expected a dividend of 7.5 cents on average.
• Ceconomy last paid a dividend of 17 cents for the 2020/21 financial year.
• Thanks to strict cost control, Ceconomy was back in the black in the past financial year: Net profit amounted to 77 million euros. In the previous year, the company had posted a loss of 37 million euros.
• However, analysts had hoped for more.

SAP $SAP (+0,18%)a top pick for 2025?

• The analyst firm Jefferies ranks SAP among the "top picks" in Europe for 2025.
• As analyst Raj Jilka wrote in a strategy study published on Tuesday, the general argument for investors to invest in the USA in the coming year is well known.
• However, the difference in valuation compared to European companies is simply too great to ignore.
• Against this backdrop, the expert left SAP at "buy" with a target price of 255 euros.
• The software group is in the middle of a sustainable product cycle, which will enable it to escape the generally difficult environment for IT spending.

Wednesday: Stock market dates, economic data, quarterly figures

• ex-dividend of individual stocks

Salesforce USD 0.40

• Quarterly figures / company dates Europe

07:00 Ceconomy detailed annual results

09:00 Ceconomy analyst conference

11:00 Birkenstock quarterly figures | Ceconomy PK

• Economic data

08:00 DE: Manufacturing orders on hand and backlog October | Building permits February

08:00 UK: Consumer prices November Forecast: +0.2% yoy/+2.6% yoy Previous: +0.6% yoy/+2.3% yoy Core Forecast: +0.1% yoy/+3.5% yoy Previous: +0.4% yoy/+3.3% yoy

11:00 EU: Consumer prices November Eurozone PROGNOSE: -0.3%gg FM/+2.3% yoy Previous estimate: -0.3%gg FM/+2.3% yoy Previous estimate: +0.3%gg FM/+2.0% yoy Core rate PROGNOSE: -0.6%gg FM/+2.7% yoy Previous estimate: -0.6%gg FM/+2.7% yoy Previous estimate: +0.2%gg FM/+2.7% yoy

14:30 US: Housing starts/permits November housing starts FORECAST: +2.2% yoy previous: -3.1% yoy Building Permits FORECAST: +1.0% yoy previous: -0.6% yoy

14:30 US: Current account 3Q FORECAST: -286.6 bn USD 2nd quarter: -266.8 bn USD

16:30 US: Crude oil inventory data (week) from the Energy Information Administration (EIA) December

20:00 US: Fed, outcome of FOMC meeting Fed funds target rate FORECAST: 4.25% to 4.50% Previous: 4.50% to 4.75%

20:30 US: Fed Pk

Analyst updates, 16.12.

⬆️⬆️⬆️

• JEFFERIES raises the price target for AMAZON from USD 235 to USD 275. Buy. $AMZN (+0,02%)
• CITIGROUP raises the price target for MUNICH RE from EUR 475 to EUR 522. Neutral. $MUV2 (-0,02%)
• BERENBERG raises the price target for RHEINMETALL from EUR 655 to EUR 750. Buy. $RHM (+0,78%)
• WARBURG RESEARCH raises the price target for PORSCHE SE from EUR 36 to EUR 37. Hold. $PAH3 (+0,03%)
• WARBURG RESEARCH raises the price target for HENSOLDT from EUR 40 to EUR 42. Buy. $HAG (+0,72%)
• JEFFERIES raises the target price for SHELL from GBP 31 to GBP 32. Buy. $SHEL (-0,16%)

⬇️⬇️⬇️

• BERNSTEIN lowers the price target for PORSCHE SE from EUR 46 to EUR 42. Market Perform. $PAH3 (+0,03%)
• HSBC downgrades SAP to Hold. Target price EUR 260. $SAP (+0,18%)
• LOOP CAPITAL downgrades NETFLIX to Hold. Target price 950 USD. $NFLX (+0,01%)
• EXANE BNP lowers the price target for MERCEDES-BENZ from EUR 57 to EUR 54. Underperform. $MBG (-0,08%)
• JEFFERIES downgrades FORD from Hold to Underperform and lowers target price from USD 12 to USD 9. $F (+0,36%)
• CITIGROUP lowers the price target for THYSSENKRUPP from EUR 5.80 to EUR 5.50. Buy. $TKA (+0,15%)
• STIFEL lowers the price target for AIXTRON from EUR 20 to EUR 18. Hold. $AIXA (-0,3%)
• PARETO downgrades TRATON to Hold. Target price EUR 32.50. $8TRA (+0,09%)
• DEUTSCHE BANK RESEARCH lowers the target price for KINGFISHER from GBP 3.50 to GBP 3.40. Buy. $KGF (-0,27%)
• METZLER lowers the price target for CARL ZEISS MEDITEC from EUR 104 to EUR 90. Buy. $AFX (+0,12%)
• BERENBERG lowers the price target for SCHOTT PHARMA from EUR 32 to EUR 28. Hold. $1SXP (+0,08%)
• CITIGROUP downgrades 1&1 to Neutral. Target price EUR 15. $1U1 (+0,17%)

11.12.2024

Teamviewer continues to grow + Oracle's quarterly figures received negatively + IPO of Delivery Hero subsidiary Talabat flops

Teamviewer $TMV (+5,8%)went shopping again, share plummets.

• The shares slumped by 12.2 percent after an acquisition.
• The software company acquired the London-based company 1E, a specialist for digital workplaces, for 720 million dollars.

Oracle $ORCL (+0,18%)with quarterly figures from the previous evening, left its biggest competitor SAP $SAP (+0,18%)cold.

• The SAP competitor's figures were slightly below expectations on both the revenue and earnings side.
• It was mainly analysts' comments that moved share prices.
• Analysts from Jefferies and JPMorgan emphasize that Oracle needs stronger growth in the cloud segment for further share price gains.
• Oracle recorded an increase in sales of just under 9 percent in the second quarter, but missed analysts' expectations in terms of profit and growth.
• The stock recorded a 9% increase in sales to 14.06 billion dollars in the second quarter, missing market expectations of 14.11 billion dollars, according to LSEG.
• Despite robust growth in the cloud segment, Morgan Stanley analysts say the company is under scrutiny for how it can translate strong demand into accelerated revenue and sustained double-digit EPS growth.

IPO of Delivery Hero subsidiary $DHER (-0,39%)Talabat $TALABATflops

• The IPO of Delivery Hero subsidiary Talabat turned out to be a disappointment on the first day of trading.
• Talabat shares were last listed on the Dubai Stock Exchange with a discount of almost seven percent at 1.49 dirhams (0.38 euros). At the start, it had still looked like a successful debut.
• The Talabat share had initially risen by 7.5 percent.
• The parent company has now also lost ground.
• Shares in Delivery Hero lost 9.6 percent to 32.17 euros around midday.
• The Delivery Hero Group had raised the equivalent of almost two billion euros with the offered 20 percent stake in Talabat.
• Originally, the Berlin-based food delivery service wanted to offer 15 percent of its Middle East subsidiary on the market.
• According to Bloomberg data, the IPO was the largest in the region in 2024. Talabat is active in the United Arab Emirates, Qatar and Egypt, among other countries, and delivers food and everyday items.
• In 2023, the business recorded a gross merchandise value (GMV) of more than five billion euros.
• In the first half of 2024, this figure increased by more than a fifth.
• Of the gross merchandise value, more than six percent remained as operating profit adjusted for special effects (EBITDA margin).

Wednesday: Stock market dates, economic data, quarterly figures

• Quarterly figures / company dates USA / Asia

13:00 Exxon Mobil strategy update

13:00 Exxon Mobil analyst and press conference

22:05 Adobe detailed annual results

• Quarterly figures / Company dates Europe

07:00 Tui | Carl Zeiss Meditec detailed annual results

07:30 Inditex 9-month results | Talanx Capital Markets Day press conference

08:00 British American Tobacco Pre-Close Trading Update Annual Results

09:15 Tui PK

10:00 Metro Annual Press Conference & Capital Markets Update

• Economic data

08:00 DE: Domestic Tourism October

11:00 DE: Federal Government, Cabinet Meeting, Berlin

13:00 US: MBA Mortgage Applications

14:30 US: Consumer Prices November PROGNOSE: +0.3% yoy/+2.7% yoy previous: +0.2% yoy/+2.6% yoy Core Consumer Prices PROGNOSE: +0.3% yoy/+3.3% yoy previous: +0.3% yoy/+3.3% yoy

14:30 US: Real income November

15:45 CA: Bank of Canada (BoC), outcome of the Monetary Policy Council meeting Overnight Rate PROGNOSE: n.a. previously: 3.75%

16:30 US: Crude oil inventory data (week) from the Energy Information Administration (EIA)

Good luck dear GetQuin Community,

today I would like to ask if anyone would like to give their opinion on my portfolio.

I currently have a savings plan for €140 $HMWO (+0,01%) , 45€ $IEMA (-0,46%) , 15€ $FLXI (+0,77%) . Occasionally I buy individual shares for dividends or where I think they might rise.

In addition, 40€ VL per month go into $K0MR (+0,02%) .

There is also a constant €150 in employee shares paid out by $SAP (+0,18%) .

At the moment I've been bitten by the FOMO bug and I'm planning to work through @Testo-Investor in $KAS (-3,55%) in the future. In addition perhaps $NU (+0,14%) .

The one MSCI World ETF will be removed and replaced by the HSBC.

Please let me know what you think :)

-Best regards Mo

#portfoliocheck

05.12.2024

Bitcoin breaks through $100,000 + JPMorgan upgrades SAP to 'Overweight' + Jefferies raises Hellofresh to 'Buy' with target up to EUR 16.50 + Auto1 and Evotec return to MDax

Bitcoin $BTC (-1,73%)jumped above $100,000 during the night

• The $100,000 mark has been a mark that has been eagerly awaited in the crypto scene for years.
• Tonight, Bitcoin briefly jumped to $104,000.
• Now, of course, everyone is waiting to see what happens next. Will the journey continue or will the correction come now? What do you think?

JPMorgan sees SAP $SAP (+0,18%)as the favorite for 2025

• The US bank JPMorgan has left its rating for SAP at "Overweight" with a target price of 260 euros.
• Analyst Toby Ogg maintains his preference for SAP and Sage in his 2025 outlook for the software and IT industry, which was published on Wednesday.
• Both shares are also on the "Analyst Focus List".
• SAP's sales growth is likely to accelerate until 2028.

Jefferies raises Hellofresh $HFG (-0,65%)to 'Buy' - target raised to 16.50 euros

• The analyst firm Jefferies has more than doubled its price target for Hellofresh shares from 7.50 to 16.50 euros and upgraded the shares from "Hold" to "Buy".
• The cooking box mail order company is ending two difficult years with a new focus on operating profit and cash flow, wrote analyst Giles Thorne in his buy recommendation published on Thursday.
• These plans are underpinned by stabilized box sales and growth in the newer ready-to-eat segment.
• In addition, there are still opportunities for optimization.

Auto1 $AG1 (-0,16%)and Evotec $EVT (-0,09%)return to MDax - No changes in the Dax

• Hamburg-based Evotec was only forced to leave the MDax in September, but since then the shares have risen again in view of a possible sale of the company.
• Auto1 was already a member of the MDax until spring 2022.
• As expected, there are no changes in the leading Dax index of the 40 heaviest stocks.
• Three companies are moving up to the SDax: The software company Nexus is benefiting from a takeover bid worth around 1.1 billion euros from financial investor TA Associates, which caused its shares to rise sharply.
• The scientific publisher Springer Nature made the leap just over two months after its IPO.
• The changes will take effect on December 23, one day before Christmas Eve.

https://www.handelsblatt.com/finanzen/maerkte/marktberichte/maerkte-live-auto1-und-evotec-kehren-in-mdax-zurueck-keine-aenderungen-im-dax-/30026990.html

Thursday: Stock market dates, economic data, quarterly figures

• ex-dividend of individual stocks

Qualcomm USD 0.85

• Quarterly figures / company dates USA / Asia

22:05 Hewlett Packard Enterprise Annual results

• Quarterly figures / company dates Europe

07:00 Aurubis detailed annual results and annual report

10:00 Merck KGaA: Media event "Artificial Intelligence at Merck"

11:00 KWS Saat AGM

14:00 Aurubis Analyst Conference | Safran Capital Markets Day

No time specified: Fuchs SE Capital Markets Day

• Economic data

08:00 DE: New orders October seasonally adjusted FORECAST: -2.0% yoy previous: +4.2% yoy

11:00 EU: Retail Sales October Eurozone FORECAST: -0.3% yoy previous: +0.5% yoy

14:30 US: Initial jobless claims (week) FORECAST: 215,000 Previous: 213,000

14:30 US: Trade Balance October FORECAST: -74.80 bn USD previously: -84.36 bn USD