The profit forecasts for the current financial year have risen for 21 of the 40 DAX companies.

According to research by Handelsblatt, analysts have raised their profit estimates for these 7 of the 40 DAX companies by at least five percent in the last three months.

Handelsblatt sheds light on the prospects of these seven companies and their shares with a view to their prospects: the development of earnings this year, the resulting changes in valuation - and how analysts are positioning themselves.

Below is a brief overview, details with further information can be found at "Handelsblatt"

$ENR (-4,27%) The earnings forecasts for Siemens Energy shares are rising most rapidly

$DBK (+0,12%) Deutsche Bank share: Rising profits cause valuation to fall sharply

For $QGEN Qiagen: Difficult times after the pandemic are over

$VNA (+0,26%) Vonovia makes billions in profit after billions in losses

$ZAL (-1,25%) Zalando: Takeover gives new share price potential

$MTX (-3,41%) MTU: Global market leader generates stable earnings

$DTE (+0,67%) Deutsche-Telekom: Unusually strong vote from analysts

Source / Graphics: Handelsblatt, 18.02.25

$ZAL (-1,25%) Zalando's share price has already doubled again in the last 12 months from its low. But there is still plenty of room for improvement 📈

With $YOU (+0,15%) the market share will be further expanded 👆

https://de.investing.com/news/press-releases/eqsnews-about-you-holding-se-vorstand-und-aufsichtsrat-von-about-you-unterstutzen-offentliches-ubernahmeangebot-von-zalando-deutsch-2858330

Total return

1.425,88 €

True time-weighted rate of return

24.37 % That's my balance sheet from January! I am very happy with that! I have sold all my short-term trading positions. I built up my first positions for February yesterday and today. These are derivatives on $ADYEN (-0,84%) (MG9L2B) purchase yesterday at 4.15 $ZAL (-1,25%) ( UG0W0H) Buy today at 5.84 $NOC (+2,66%) (HT21L8) purchase day before yesterday at 1.10 I have planned purchases in $FTNT (-3,08%) ( JT7XG3) $AMZN (-2,39%) ( MJ5V94) $ADS (-0,81%) (ME44Y2) and for a little longer $AXON (-4,57%) (Ht1KYH) I am keeping the remaining powder dry in case there are great opportunities like last Monday.

As every Sunday, the most important news from the past week. As well as the most important dates for the coming week.

Also as a video:

https://youtube.com/shorts/6kS3uOc3Gyo?si=ylP3Ik3aaxt4tQ6Q

Monday:

The Dutch pension fund ABP sold all of its $TSLA (-4,32%) Tesla shares. However, the reason for the sale is not Elon Musk's political statements. It was his remuneration model and the working conditions at Tesla. According to Tesla, Musk is entitled to a 56 billion dollar share package that Musk has been fighting over with American courts.

https://www.handelsblatt.com/finanzen/anlagestrategie/fonds-etf/tesla-europas-groesster-pensionsfonds-verkauft-alle-tesla-aktien/100100218.html

Tuesday:

$ST5 (-2,12%) Steico exceeded expectations in terms of turnover 376.3 million euros instead of 375 million euros. However, profits were slightly lower than expected. Steico manufactures sustainable insulation materials.

https://www.ecoreporter.de/artikel/steico-mehr-umsatz-weniger-gewinn-aktie-legt-zu/

Producer prices in the USA are less hot than expected. Year-on-year, producer prices rose by 3.3%. However, analysts had expected an increase of 3.5%. Producer prices are regarded as a leading indicator for inflation.

https://www.ariva.de/news/usa-erzeugerpreise-steigen-weniger-als-erwartet-11501258

Wednesday:

The German economy remains in a permanent slump. According to initial estimates, GDP shrank by 0.2% in 2024. This means that GDP has shrunk for two consecutive years (2023: 0.3%). This was last seen in 2002 and 2003 and resulted in Agenda 2010. It is striking that comparable political players were in government in 2002 and 2003, as well as in 2023 and 2024.

https://www.handelsblatt.com/politik/konjunktur/bip-daten-deutsche-wirtschaft-schrumpft-erneut-minus-von-02-prozent/100100833.html

New DAX record at 20,609 points. The reason for the rise is a decline in core inflation in the USA. This reduces the risk of a restrictive monetary policy by the Fed. Core inflation was expected to be 3.3 %, but was actually 3.2 %.

https://www.handelsblatt.com/finanzen/maerkte/marktberichte/dax-aktuell-dax-steigt-nach-us-inflationsdaten-auf-neuen-rekord/100100826.html

Thursday:

As the Swiss luxury group $CFR (+0,31%) Richemont presents strong figures, the entire luxury goods sector takes off. Even $KER (+1,01%) Kering and $MC (+0,4%) LVMH were also able to make significant gains. The Christmas quarter went much better than expected.

https://www.deraktionaer.de/artikel/commerce-brands-unicorns/richemont-mit-knaller-zahlen-lvmh-kering-und-co-starten-durch-20373118.html

Also $ZAL (-1,25%) Zalando reported a strong final quarter and exceeded its profit targets in Q4. EBIT is likely to rise to 510 million euros, whereas a maximum of 480 million euros was originally forecast.

https://www.handelsblatt.com/unternehmen/handel-konsumgueter/online-modehaendler-zalando-uebertrifft-mit-schlussspurt-gewinnziel-fuer-2024/100101118.html

In his first days as President of the European manufacturers' association ACEA, Ola Källenius is campaigning against the CO2 sanctions imposed on car manufacturers. His argument is that we need a market-driven path to decarbonization and not one driven by EU sanctions.

https://www.handelsblatt.com/unternehmen/industrie/autoverband-acea-ola-kaellenius-wehrt-sich-zu-beginn-seiner-amtszeit-sich-gegen-co2-strafe/100101161.html

Friday:

Trump is likely planning to make cryptocurrencies a national priority and wants to give crypto insiders a voice in the government to do so.

https://www.instagram.com/p/DE6ZsF6R-5v/?igsh=bjgyMGVhemZjMWZx

Industrial production in the US rises by a surprising 0.6% in December. Experts had only expected an increase of 0.2%. Mining and the production of utilities also increased.

https://www.n-tv.de/ticker/Industrieproduktion-in-den-USA-steigt-im-Dezember-ueberraschend-um-0-9-Prozent-article25496778.html

These are the most important dates for the coming week:

Monday: 08:00 Producer prices (DE)

Tuesday: 14:30 Inflation data (Canada)

Thursday: 14:30 Unemployment figures (USA)

Can you think of any other dates? Write it in the comments 👇

#termine
#inflation
#kanada
#erzeugerpreise

UBS raises Zalando to 'Buy' with target up to 40 euros + Interest rate prospects move Wall Street + US inflation data give Bitcoin a boost + Drägerwerk earns more than expected operationally - sales disappoint

UBS raises Zalando $ZAL (-1,25%)to 'Buy' with target up to 40 euros

• The major Swiss bank UBS has upgraded Zalando from "Neutral" to "Buy" and raised its price target from 28 to 40 euros.
• Analyst Yashraj Rajani is significantly more optimistic than the market consensus in his buy recommendation published on Thursday.
• His forecast for the operating result (EBIT) for 2025 is 8 percent higher, even if he expects the online retailer's outlook to be conservative again.
• Zalando is probably in an "upgrade cycle" and is likely to gradually set itself ever higher targets.
• Rajani sees the takeover of About You as an enormous opportunity for value creation.

Leading index rises significantly again

• Investors on Wall Street also reacted positively to the inflation figures, especially in the particularly interest-sensitive technology sector.
• The Nasdaq 100 broke above its 50-day line and is now starting to tackle its consolidation trend from the record in mid-December.
• The core rate of inflation (excluding energy and food), which is particularly important for the Fed's monetary policy, surprisingly fell slightly at the end of 2024.
• This alleviated concerns that the Fed could halt its interest rate cut in 2025 or perhaps even have to raise the key interest rate in the future.

Drägerwerk $DRW3 (+0%)earns more than expected in operating terms - sales disappoint

• The medical and safety technology group Drägerwerk did not increase net sales as much as expected last year.
• However, the operating result was better than expected.
• Sales stagnated at 3.37 billion euros, as the SDax-listed company surprisingly announced on Wednesday evening in Lübeck.
• Adjusted for the effects of the strong euro, turnover would have risen by 0.6 percent.
• The Group had recently forecast currency-adjusted growth of between one and three percent.
• The margin based on earnings before interest and taxes (EBIT) would have amounted to 5.8 percent (2023: 4.9 percent), slightly higher than recently forecast.
• However, Dräger also benefited from positive one-off effects.
• In 2025, net sales are expected to increase by between one and five percent excluding the impact of currency translation and the operating margin is expected to be between 3.5 and 6.5 percent.
• Following the announcement of the figures on Tradegate, the Dräger share price recently rose by 1.5 percent compared to the Xetra close.
• The share thus tested the interim high from mid-October.

Thursday: Stock market dates, economic data, quarterly figures

• Quarterly figures / company dates USA / Asia
• 07:30 TSMC annual results
• 11:55 Unitedhealth quarterly figures
• 12:30 PNC Financial Services | First Horizon quarterly figures
• 12:45 Bank of America quarterly figures
• 13:30 Morgan Stanley quarterly figures
• Untimed: U.S. Bancorp Q4 figures

• Quarterly figures / Company dates Europe
• 07:00 Fraport traffic figures December | Richemont Trading Update 3Q
• 17:45 Vinci Q4 sales
• Unspecified time: Aker ASA Q4 salesz

• Economic data

08:00 DE: Consumer prices (final) December PROGNOSE: +0.4% yoy/+2.6% yoy Preliminary: +0.4% yoy/+2.6% yoy Previous: -0.2% yoy/+2.2% yoy HICP PROGNOSE: +0.7% yoy/+2.8% yoy Preliminary: +0.7% yoy/+2.8% yoy Previous: -0.7% yoy/+2.4% yoy

08:00 UK: GDP month November PROGNOSE: +0.2% yoy/+1.1% yoy previously: -0.1% yoy/+1.3% yoy Three-month rate PROGNOSE: -0.1% yoy/ n.a. previously: +0.1% yoy/+1.1% yoy

08:00 UK: Trade Balance November PROGNOSE: -17.9 bn GBP previous: -19.0 bn GBP | Industrial Production November PROGNOSE: 0.0% yoy/-1.5% yoy previous: -0.6% yoy/-0.7% yoy

14:30 US: Retail Sales December FORECAST: +0.5% yoy previous: +0.7% yoy Retail sales ex motor vehicles FORECAST: +0.4% yoy previous: +0.2% yoy

14:30 US: Initial jobless claims (week) PROGNOSE: 210,000 previous: 201,000 | Philadelphia Fed Index January PROGNOSE: -6.0 previous: -16.4

14:30 US: Import and Export Prices December Import Prices FORECAST: -0.1% yoy previous: +0.1% yoy

16:00 US: Inventories November PROGNOSE: +0.1% yoy previous: +0.1% yoy

Hello Community,

I'm in the process of revising my portfolio and would like to get your opinions and advice. Here is my current thinking:

Portfolio allocation:

Equities (75%):

80 % ETFs (core investments):

MSCI World

NASDAQ 100

DAX

20% individual stocks:

Alphabet $GOOGL (-2,28%)

Apple $AAPL (+0,26%)

Alliance $ALV (-0,14%)

Ahold Delhaize $AD (+0,12%)

Coca-Cola $KO (+2,3%)

LVMH $MC (+0,4%)

Bonds (15 %)

Gold (5 %)

Bitcoin (3 %)

Cash (2 %)

Background

Investment objective:

I am 35 years old and aim for financial freedom at the age of 50 to 55, with a target of €2000 net per month in retirement.

Strategy:

A balanced portfolio construction that includes both high-growth companies and stable dividend stocks, supplemented by diversifications in ETFs, bonds, gold and Bitcoin.

Adjustment considerations:

To make my portfolio more robust, I plan to make the following changes:

Buy:

ASML $ASML (-0,72%) Leader in the semiconductor sector with great long-term growth potential due to trends such as AI and electromobility.

Johnson & Johnson (J&J) $JNJ (+2,12%) : Stable dividend stock (~2.5%), ideal as a defensive anchor in the healthcare sector.

Sell:

Ahold Delhaize $AD (+0,12%) : Good dividend growth, but limited growth prospects.

Unilever $ULVR (+0,79%) : Defensive character, but lower future potential compared to J&J.

Zalando $ZAL (-1,25%) Cyclical consumer stock with increased volatility and questionable growth path.

Coca-Cola $KO (+2,3%) : Good dividend, but limited growth opportunities - could be replaced by more innovative stocks such as ASML.

Questions for you:

1. how do you rate my new core allocation (MSCI World, NASDAQ 100, DAX)? Should I add anything?

2. do you think the inclusion of ASML and Johnson & Johnson makes sense?

3. what do you think of the sell candidates (Ahold Delhaize, Unilever, Zalando, Coca-Cola)? Would you do anything differently?

4. do you have any other ideas or recommendations on how I can make my portfolio more diversified and robust?

Thank you very much for your support and your opinions!

One takeover candidate is being replaced by the next in Deutsche Börse's small-cap index SDax. On Monday (January 13), the hospital software company Nexus $NXS (-0,6%) will have to leave the index after the US financial investor TA Associates secured almost 95 percent of the Donaueschingen-based company.

This means that Nexus no longer meets the minimum free float of ten percent, which is a prerequisite for membership in the index, as the Deutsche Börse subsidiary ISS Stoxx announced on Wednesday evening.

Instead, the online fashion retailer About You
$YOU (+0,15%) is returning to the SDax - but its days there are probably numbered. Because its much larger competitor Zalando $ZAL (-1,25%) only announced a 1.13 billion euro takeover bid for About You in December and has already secured three quarters of the shares.

Source: Handelsblatt

As every Sunday, the most important news from the past week, as well as the most important dates for the coming week.

Also as a video:

https://youtube.com/shorts/qddXVLwZJxA?si=fuYDrtqdo6eoQnvb

Monday:

After various announcements, China is apparently getting serious and actually changing its monetary policy, for the first time in 14 years. The central bank is to pursue a looser monetary policy, meaning interest rate cuts to stimulate the economy. Stocks in China and luxury companies are also benefiting from the news.

https://www.handelsblatt.com/finanzen/geldpolitik/geldpolitik-china-lockert-seine-geldpolitik-und-will-konsum-ankurbeln/100093699.html

$CON (-0,36%) Continental is following the path of many suppliers. The tire business (which has a promising future) is being spun off from the traditional supplier business. In this way, Continental is ensuring that the company will survive the end of the combustion engine.

https://www.handelsblatt.com/unternehmen/industrie/autozulieferer-continental-vorstand-beschliesst-abspaltung-des-zulieferergeschaefts/100093743.html

Tuesday:

The company $TMV (+1,21%) Teamviewer is under pressure following the purchase of London-based software specialists 1E. Teamviewer is buying 1E for around 720 million euros, which would be the largest acquisition in the history of the Göppingen-based company. Products from 1E can probably detect and rectify software problems at an early stage. Well-known customers include Adidas, Nike and AT&T.

https://m.focus.de/finanzen/boerse/software-konzern-expandiert-teamviewer-uebernimmt-softwarefirma-1e_id_260549204.html

Inflation in Germany remains above the ECB's 2% target for the time being. According to the HICP, inflation in November was 2.2% compared to the previous year.

https://www.handelsblatt.com/politik/konjunktur/teuerungsrate-inflation-wieder-ueber-zwei-prozent-marke/100093884.html

Wednesday:

$ZAL (-1,25%) Zalando buys its direct competitor $YOU (+0,15%) About You for 1.1 billion euros. The reason for the consolidation is the growing competition from China, e.g. Shein and Temu. Zalando pays a hefty premium of 65% on the last stock market price.

https://www.handelsblatt.com/unternehmen/handel-konsumgueter/zalando-moderiese-kauft-konkurrenten-about-you-von-otto-gruppe/100094079.html

The Bank of Canada cuts its key interest rate by half a percentage point. This major cut in the prime rate was expected by most experts. The reason for this was poor labor market

https://www.bnnbloomberg.ca/business/economics/1970/01/01/bank-of-canada-cuts-key-interest-rate-by-50-bps-to-325/

Thursday:

The Kiel Institute for the World Economy also expects 0% growth in Germany in 2025. Stefan Kooth, economist and Head of the Forecasting Center at the IfW, is calling for a move away from interventionism in economic policy and for better framework conditions instead. In this context, he takes a positive view of the idea of more Musk and Milei.

https://www.handelsblatt.com/politik/konjunktur/stefan-kooths-solche-werte-sehen-wir-sonst-nur-bei-massiven-schocks/100093744.html

The ECB cuts the deposit rate again to 3.0%. This is the fourth rate cut we have seen this year.

https://www.n-tv.de/wirtschaft/EZB-schraubt-Zinsen-weiter-nach-unten-article25428364.html

Most important dates in the coming week:

Monday: 9:30 Purchasing Managers' Index (DE)

Wednesday: 20:00 Interest rate decision (USA)

Thursday: 14:30 Economic data (USA)

What other important dates can you think of?

#index
#usa
#fed
#zinsen

$ZAL (-1,25%) has submitted a takeover bid for $YOU (+0,15%) submitted. Patience has paid off🤝

$BTC (+0,03%) 100,000$ you could often read that in the feed today. But +100% $ZAL (-1,25%) there aren't quite so many anymore 🤣

Besides $BAYN (+1,43%) and $PFE (+1,91%) Zalando was one of my 3 turnaround bets for 2024.

I'll keep quiet about Bayer, Pfizer is bobbing along with a slight plus. But Zalando is fun, especially because it still has a way to go.

Weekly chart

Daily chart

I'm already looking at what my 2025 turnaround candidates could be🤓