04.12.2024

ARKK beats Nasdaq + China strikes back: Exports of some rare earths to the USA banned + Salesforce still somewhat more confident about the full year + Vow ASA on the verge of a breakthrough in the cruise sector + Northern Data Group plans to build a data center in the USA + JPMorgan raises target for Rheinmetall to 800 euros - 'Overweight'

ARKK $ARKK (-0,17%)beats Nasdaq - investor bets on five shares

• Ark Invest's flagship fund has recently risen five times faster than the tech index.
• Nevertheless, Cathie Wood is restructuring her portfolio and focusing on one sector in particular.
• https://www.handelsblatt.com/finanzen/anlagestrategie/trends/cathie-wood-arkk-schlaegt-nasdaq-investorin-setzt-auf-fuenf-aktien/100092080.html

China strikes back: exports of some rare earths to the USA banned

• The trade dispute between the USA and China is intensifying.
• Following the new restrictions imposed by the USA on Monday, a response was issued immediately.
• This is aimed at raw materials that are essential for the semiconductor industry and for which China has a considerable quantity.
• https://www.computerbase.de/news/wirtschaft/china-schlaegt-zurueck-exporte-von-einigen-seltenen-erden-in-die-usa-untersagt.90529/

Salesforce $CRM (+0,26%)is even more confident about the year as a whole

• SAP's industry colleague Salesforce is somewhat more confident following growth in the third quarter.
• The software specialist for customer relationship management is forecasting revenue of USD 37.8 to 38.0 billion (up to EUR 36.2 billion) for the 2024/25 financial year, which runs until the end of January.
• The operating profit margin adjusted for special effects is also expected to reach 32.9%, as the company announced on Tuesday after the close of the US stock exchange.
• This means that the lower end of the revenue range is now slightly higher than before; the margin target was raised by 0.1 percentage points.
• The shares rose by almost four percent in US after-hours trading.

Vow ASA $VOW (-0,12%)before the breakthrough in the cruise sector

• The Norwegian company Vow ASA is on the verge of a major breakthrough in the cruise sector.
• The subsidiary Scanship has agreed the main terms and conditions with a European shipyard for the delivery of advanced equipment to several cruise ships.
• The expected order value is around 500 million Norwegian kroner, with the aim of signing the final contract before the end of the year.
• This development underlines Vow's position as the market leader in wastewater treatment and waste recycling in the cruise industry.

Northern Data Group $NB2 (-2,88%)plans to build a data center in the USA

• Portfolio expansion to meet demand for AI and high-performance computing solutions
• Planned output of 120 MW with the possibility of expanding capacity up to 180 MW
• Data center will create up to 100 new jobs and strengthen the local economy

JPMorgan raises target for Rheinmetall $RHM (-0,02%)to 800 euros - 'Overweight'

• The US bank JPMorgan has raised its target price for Rheinmetall from 680 to 800 euros and left its rating at "Overweight".
• This was written by analyst David Perry on Wednesday after a closer look at Europe's fastest growing defense group. Following the latest Capital Markets Day, he raised his earnings estimates by up to 17 percent until 2027.
• Other experts had recently already raised their price targets to 820 euros.

Wednesday: Stock market dates, economic data, quarterly figures

• ex-dividend of individual stocks

Schlumberger USD 0.28

The Cigna Group USD 1.40

Proximus EUR 0.50

ageas EUR 1.50

• Quarterly figures / Company dates USA / Asia

Untimed: Foot Locker quarterly figures

• Quarterly figures / Company dates Europe

09:30 VW: Works meeting at the main plant (Wolfsburg) with CEO Oliver Blume and Labor Minister Hubertus Heil

Untimed: Siemens Annual Report

• Economic data

09:45 IT: Purchasing Managers' Index/PMI non-manufacturing November FORECAST: 51.5 previous: 52.4

09:50 FR: Purchasing Managers' Index/PMI non-manufacturing (2nd release) November PROGNOSE: 45.7 1st release: 45.7 PREV: 49.2 Total Purchasing Managers' Index (2nd release) PROGNOSE: 44.8 1st release: 44.8 PREV: 48.1

09:55 DE: Purchasing Managers' Index/PMI non-manufacturing (2nd release) November FORECAST: 49.4 1st release: 49.4 PREV: 51.6 Total Purchasing Managers' Index (2nd release) FORECAST: 47.3 1st release: 47.3 PREV: 48.6

10:00 EU: Purchasing Managers' Index/PMI non-manufacturing euro area (2nd release) November PROGNOSE: 49.2 1st release: 49.2 previous: 51.6 Total Purchasing Managers' Index (2nd release) PROGNOSE: 48.1 1st release: 48.1 previous: 50.0

10:30 UK: Purchasing Managers' Index/PMI non-manufacturing (2nd release) November PROGNOSIS: n.a. 1st release: 50.0 previous: 52.0

11:00 EU: Producer Prices October Eurozone FORECAST: +0.4% yoy/-3.2% yoy previous: -0.6% yoy/-3.4% yoy

14:15 US: ADP labor market report November private sector employment PROGNOSE: +163,000 jobs previous: +233,000 jobs

15:45 US: Purchasing Managers' Index/PMI Services (2nd release) November PROGNOSIS: 57.0 1st release: 57.0 previous: 55.0

16:00 US: Industrial New Orders October PROGNOSE: +0.2% yoy previous: -0.5% yoy

16:00 US: ISM Non-Manufacturing Index November FORECAST: 55.6 points previous: 56.0 points

19:40 US: Fed Chairman Powell to participate in discussion at New York Times Deal Book Summit

20:00 US: Fed, Beige Book

22:05 DE: Decision on possible changes in the indices of the DAX family of Deutsche Börse

Today I increased my share in $VOW (-0,12%) . Q2 is in line with Q1, net of extraordinary costs it will continue to be so. It dominates the European market, and has good share of foreign ones, given the huge holdings in automotive and non-automotive companies of various price ranges.

In addition, I have also invested in $IP (+0,95%) . Italian company that makes special machines that harness water.

What have you invested in?

P.S. Thanks to $MMM (-0,71%) for the excellent month of July

A very good growth company in the cleantech sector. Worth buying soon in my view.