Have you heard about Renault's latest successes? $RNO (-1,67%) yet? Despite the difficult situation in the car industry, the French car manufacturer achieved a turnover of 56.2 billion euros last year - an increase of 7.4 percent! 🚗

Operating profit even climbed to around 4.3 billion euros, which corresponds to an increase of almost 4 percent. Renault thus exceeded the expectations of analysts, who had predicted 4.2 billion euros. The company not only achieved its annual targets, but also exceeded its own target of 7.5 percent with an operating return on sales of 7.6 percent.

Despite this positive news, however, Renault had to accept a book loss from the sale of shares in Nissan $NISA shares in Nissan. Without this effect, profit would have risen to 2.8 billion euros - an increase of 21 percent compared to the previous year.

Despite a fall in net profit to 752 million euros compared to 2.2 billion euros in the previous year, Renault plans to increase the dividend for shareholders next year. What do you think about the future of Renault and developments in the automotive industry?

Despite the ongoing slump in the automotive industry, Renault shares are showing $RNO (-1,67%) a positive development! 🚗 Last year, the French group increased its turnover by 7.4% to 56.2 billion euros and achieved an operating profit of around 4.3 billion euros - a record figure.

However, not everything was rosy: a sale of shares to Nissan led to considerable book losses, causing net profit to fall to just 752 million euros, compared to 2.2 billion euros in the previous year.

However, there is hope for 2024: the dividend is set to rise by 20% to 2.20 euros per share. Renault is also planning an exciting product offensive with the launch of the new all-electric R4.

Do you think the Renault share $RNO can continue to grow despite the challenges? What role does the electric offensive play in this? 📈

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

The dates as a video:

https://youtube.com/shorts/Zvoh_ATJ8eU?si=HFvc8sRUsi38eXJf

Monday:

The ECB seems to have made the right decision last week. In Germany, producer prices fall for the 15th time in a row. This time more than expected. Producer prices fell by 1.4 %, 1.0 % had been expected. Energy in particular became cheaper. The price of other products even rose by an average of 1.5%.

https://www.handelsblatt.com/finanzen/geldpolitik/inflation-rueckgang-der-deutschen-erzeugerpreise-beschleunigt-sich/100081404.html

The truck subsidiary of VW, $8TRA (-0,07%) Traton, can report a significantly better operating result than expected. The net cash flow is also developing strongly. VW holds just under 90% of Traton. Business is particularly good in the USA.

https://www.handelsblatt.com/unternehmen/industrie/auto-vw-lkw-holding-traton-macht-bessere-geschaefte-als-gedacht/100081595.html

$SAP (-1,87%) SAP earns strongly and raises its forecast. Sales increased by 10% to 8.5 billion euros in the third quarter, while profits rose by 28% to 2.28 billion euros. This growth is primarily due to AI applications in the cloud division, which are in demand from customers.

https://www.handelsblatt.com/technik/it-internet/softwarekonzern-sap-gewinn-steigt-um-28-prozent-und-bringt-konzern-ins-dilemma/100081365.html

Tuesday:

After the stop at $INTC (-4,07%) Intel, now the stop at the next highly subsidized chip factory in Saarland. ZF, a domestic company, was even supposed to invest here together with the US company Wolfspeed. ZF is now pulling out of the billion-euro project. Once again it is clear that a planned economy does not work. Subsidized settlements are not a sustainable location policy.

https://www.handelsblatt.com/technik/it-internet/zf-autozulieferer-zieht-sich-aus-wolfspeed-chipfabrik-im-saarland-zurueck/100081423.html

The IMF has also lowered its GDP growth forecast for Germany. This year will probably see stagnation. Growth of 0.8 % is still expected next year. By comparison, Spain is expected to grow by 2.9 % this year. The biggest problems are well known. Too much bureaucracy, too high a tax burden and too much austerity on the part of the state. In such a situation, the state should actually invest more (infrastructure, education, etc.) instead of making savings. However, competitiveness must also be increased.

https://www.handelsblatt.com/politik/deutschland/weltwirtschaft-iwf-prognose-sieht-deutschland-weiter-als-wachstumsschlusslicht/100079427.html

The $MCD (+0,5%) McDonald's share price plummeted after it became known that E. coli cases were probably attributable to it. Yesterday, McDonald's was still in the headlines for Donald Trump's appearance.

https://www.cnbc.com/amp/2024/10/22/mcdonalds-shares-fall-after-cdc-says-e-coli-outbreak-linked-to-quarter-pounders.html

The Bank of Canada is accelerating its interest rate cuts. The key interest rate was cut by 50 basis points on Wednesday. This leaves the interest rate at 3.75%. The central bank now wants growth again now that inflation rates are back in line.

https://www.cbc.ca/amp/1.7360509

Thursday:

The Purchasing Managers' Index in Germany has risen surprisingly sharply. Both the Bundesbank and the IMF expect Germany to stagnate in 2024. The purchasing managers' index figures could point to an upturn. The index rose to 48.4 points, while economists were only expecting 47.6 points. However, the index only signals growth above 50 points ...

https://www.handelsblatt.com/politik/konjunktur/einkaufsmanagerindex-talfahrt-der-deutschen-wirtschaft-gestoppt/100082484.html

Good figures from $RNO (-1,67%) Renault and also $TSLA (-4,32%) Tesla are driving car stocks higher today. Renault was able to increase sales thanks to new models. Although Tesla achieved lower sales than expected, its profits were impressive thanks to cost savings.

https://www.handelsblatt.com/unternehmen/industrie/geschaeftszahlen-im-newsblog-renault-steigert-umsatz-mit-vielen-neuen-modellen-siltronic-leidet-unter-schwacher-nachfrage/24098412.html

Friday:

$MBG (-1,31%) Mercedes suffers from weak sales in China. Profits plummet by more than 50% in the third quarter. The return on sales falls below 5%. This puts the company on a par with core brand VW. In any case, too little for a luxury group. At least the cash flow is improving.

https://www.handelsblatt.com/unternehmen/industrie/autobauer-gewinn-von-mercedes-benz-bricht-um-54-prozent-ein/100081520.html

$HFG (-0,1%) Hellofresh delivers Q3 figures that are well above market expectations. Due to the high short ratio, there may now be a short squeeze here. Sales increased by 1.9% to 1.8 billion euros. AEBITDA amounted to 72 million euros, 30 million euros more than expected. Hellofresh lowers its sales forecast but raises its AEBITDA forecast for the full year.

https://stock3.com/news/hellofresh-q3-ebitda-deutlich-ueber-markterwartung-aktie-steigt-deutlich-15599996

Following the Purchasing Managers' Index, the ifo Index also rises surprisingly strongly. The index rose from 85.4 to 86.5 points. Economists had only expected an increase to 85.6 points. The current business situation is therefore being viewed more positively again by managers.

https://www.handelsblatt.com/politik/konjunktur/konjunktur-ifo-index-steigt-unerwartet-kraeftig/100082816.html

Most important dates in the coming week:

Tuesday: 14:00 House price index (USA)

Wednesday: 14:00 Inflation data (DE)

Thursday: 04:00 BoJ interest rate decision (Japan)

What other important dates can you think of?

#immos#inflation#boj

Earnings summary this morning 👇🏼

$ULVR (+0,79%) | Unilever Q3 2024 Earnings

Rev €15.25B (est €15.398B)

DIV/SHR €O.4396

Underlying Volume 3.6% (est 3.1%)

Underlying Sales 4.5%, (est 4.25%)

Still Sees FY Underlying Sales To 5% (est 4.2%)

Still Sees FY Underlying Oper. Margin At Least 18%

2024 FY Outlook Unchanged

$BARC (-0,18%) | Barclays Q3 2024 Earnings

Pretax Profit £2.23B (est £1.96B)

Net Interest Income £3.31B (est £3.11B)

Investment Banking £594M (est £552.3M)

FICC Rev. £1.18B (est £1.13B)

Sees FY Cost To Income Ratio About

Sees FY UK Net Interest Income About £6.5B

$AAL (-0,25%) | Anglo American Q3 2024 Earnings

Diamond Prod 5.6M Carats (est 5.6M)

Copper Output 181,000 tons (est 181,334)

American Sees Fy Diamond Prod 23M to 26M Carats

De Beers To Continue To Assess Options To Lower Output

PGMS Demerger Is On Track To Complete By Mid 2025

$RMS (+0,11%) | Hermes International Q3 2024 Earnings

Rev €3.70B (est €3.68B)

Sales At Constant FX 11.3% (est 10.5%)

Leather Goods Sales At Constant FX 14% (est 12.8%)

CFO: Sees No Change In Global Trends Early Q4

CFO: China Higher Basket Spend Made Up For Lower Traffic

$005380 | Hyundai reports a 6.5% drop in profits in the third quarter despite an increase in sales, leading to a fall in the Seoul share price of almost 5%. Operating profit falls to 3.6 trillion won, while the operating margin drops to 8.3%.

$BN (+0,03%) | Danone increases its turnover in the third quarter by 4.2% to 6.9 billion euros, exceeding analysts' expectations. Demand is particularly high in North America and Asia.

$RNO (-1,67%) | Renault increases sales by 1.8% to 10.7 billion euros in the third quarter, but falls short of analysts' expectations. Exchange rate effects have a dampening effect on the result, without which a 5% increase in sales would have been possible.

$SY1 (+0,2%) | Symrise raises its forecast for organic growth in 2024 to around 7 % after strong sales growth in the first nine months. Sales rose by 6 % to 3.8 billion euros, driven by petcare and fragrance products.

$WAF (+1,46%) | Siltronic raises 2024 EBITDA margin guidance to 24-26% as acceptance of new Singapore factory is delayed. Third-quarter sales rise 2.3% to EUR 357m, exceeding expectations, while profit falls to EUR 19m.

$BEI (+0,37%) | Beiersdorf records organic sales growth of 6.5% to 7.5 billion euros, but falls short of analysts' expectations. Sales of the luxury brand La Prairie fall by over 7% in China, while the annual targets for 2024 are confirmed.

Operating margin car manufacturers Q1/24

+38.2% Ferrari

+15.7% Porsche

+11.2% Stellantis

+10.8% Mercedes

+10.0% Toyota

+8.8%% BMW

+5.5% General Motors

+7.6% Renault

+7.2% Volvo

+6.6% Volkswagen

+5.8% Hyundai

+5.6% Honda

+5.5% Tesla

+4.7% BYD

+2.9% Ford

>> Opinions?

$TSLA (-4,32%)
$RACE (-0,5%)
$P911 (+0,35%)
$STLAM (-0,34%)
$MBG (-1,31%)
$7203 (-0,72%)
$BMW (-0,12%)
$GM (-2,75%)
$RNO (-1,67%)
$VOLV B (-0,41%)
$VOLV A (-0,37%)
$VOW (-0,15%)
$005380
$1211 (+2,45%)
$81211
$F (-0,67%)
$7267 (+2%)

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗕𝗶𝘁𝗰𝗼𝗶𝗻𝗸𝘂𝗿𝘀 𝗸𝗼𝗿𝗿𝗲𝗹𝗶𝗲𝗿𝘁 𝗺𝗶𝘁 𝗔𝗸𝘁𝗶𝗲𝗻𝗸𝘂𝗿𝘀𝗲𝗻 / 𝗧𝗲𝘀𝗹𝗮 𝘄𝗲𝗶𝘁 𝘂𝗻𝘁𝗲𝗻 𝗶𝗺 𝗥𝗮𝗻𝗸𝗶𝗻𝗴 / 𝗙𝗮𝘀𝘁𝗹𝘆 𝗶𝗺 𝗦𝗶𝗻𝗸𝗳𝗹𝘂𝗴

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, among others, Hermes ($RMS (+0,11%)), Allianz ($ALV (-0,14%)) and Renault SA ($RNO (-1,67%)) present their quarterly figures.

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, among others, Johnson & Johnson ( $JNJ (+2,12%)), UPS Inc ($UPS (+0,29%)) and Infineon ($IFX (-1,86%)) are trading ex-dividend.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

Tesla ($TSLA (-4,32%)) - The annual car brand ranking, dropped Tesla to 23rd place out of just 32. This is mainly due to the latest design changes and unreliability. Even the new electric car, the Mach-E from Ford ($F (-0,67%)), fared better. Tesla shares lost 3.9% yesterday.

Fastly ($FSLY (-5,8%)) - Fastly stock was on a downward slide yesterday. A full 32% went down in one day for the Cloudflare competitor. The reason for this was the disappointing revenue forecast, which the company published yesterday together with the quarterly figures. In the meantime, the share is trading at around 80% below its all-time high from 2020.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

Bitcoin ($BTC (-0,31%)) - Bank of America has studied the correlation between Bitcoin price and the S&P 500 & NASDAQ 100 indices. In doing so, Bank of America found that Bitcoin has moved much more like a risk asset than an inflation hedge. For example, the correlation with the broad-based U.S. S&P 500 index rose to an all-time high at the end of January, it said. He added that correlation also peaked against the tech stocks index NASDAQ 100: "Correlations on Jan. 31 between bitcoin and the S&P 500 and between bitcoin and the NASDAQ 100 reached all-time highs and the 99.73 percent level."

Renault