09.12.2024
Robinhood in the fast lane with expansion into Asia + Stabilus to pay lower dividend and sales could grow + JPMorgan raises Nokia to 'Overweight' - target up to EUR 6.05
- Analysts bullish after investor day at $HOOD (-0,03%)
After the investor day of Robinhood analysts are bullish for the broker. Robinhood (HOOD) has shot an arrow in the direction of investors - and hit it! At the company's investor day this week, CEO Vlad Tenev said that his clients are interested in sports betting. There is no concrete information yet, but the direction is clear: expansion; not only geographically, but also into new areas. The company recently successfully entered the UK market and is set to enter the Asian market next year. Goldman's strategists are now sniffing the morning air. In a recent press release, the bank explained that Robinhood has a "growing ...
- New buy signal for Stabilus $STM (+0%)?
Automotive supplier Stabilus aims to generate at least as much revenue in the 2024/25 fiscal year, which runs until the end of September, as in the previous year. The company is targeting sales of EUR 1.3 to 1.45 billion, Stabilus announced on Monday when presenting its final annual figures for 2023/24. Analysts already have the upper end of the range on their notes. This should leave 11 to 13 percent as operating profit (adjusted EBIT). In the worst case scenario, this would mean that the specialist for luggage compartment gas springs would be less profitable than in the past financial year with a margin of 12%. The Stabilus management intends to pay a dividend of EUR 1.15 per share for the past fiscal year. This compares to EUR 1.75 a year earlier. The company confirmed its key figures for 2023/24 from November, according to which earnings before interest and taxes (EBIT) adjusted for special effects fell slightly year-on-year to EUR 157 million. Below the line, the Group generated a profit of 72 million euros - compared to 103 million euros a year ago. Thanks in part to the US acquisition of Destaco, a supplier of automation and clamping technology products, turnover increased by 7.5 percent to 1.31 billion euros.
- Nokia $NOKIA (+0,94%)back on track?
The US bank JPMorgan has upgraded Nokia from "Neutral" to "Overweight" and raised its target price from 4.00 to 6.05 euros. Analyst Sandeep Deshpande wrote in his outlook published on Monday that the earnings estimates for the network equipment provider are beatable, meaning that the share price, which has already performed well in 2024, should continue to rise in 2025. In the coming year, he is primarily counting on growth in the weak investments made by telecom companies in 2023 and 2024.
Monday: Stock market dates, economic data, quarterly figures
- ex-dividend of individual stocks
Verbio EUR 0.20
Analog Devices 0.92 US
Alphabet 0.20 USD
- Quarterly figures / company dates USA / Asia
17:00 Cisco AGM
22:05 Oracle quarterly figures
- Quarterly figures / Company dates Europe
07:00 Stabilus detailed annual results and annual report
10:30 Stabilus analyst conference
15:00 Vivendi AGM
16:00 Novartis Impact & Sustainability investor event
- Economic data
08:00 DE: Labor Cost Index | Truck Toll Performance Index June
10:30 DE: Sentix Economic Index Germany | Sentix Economic Index Germany and Euro Area
11:30 DE: Government Pk, Berlin
17:00 EU: Eurogroup meeting
17:00 DE: Event on the new perspectives for IFRS in Germany, Berlin
