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$NOVO B (+0,14%)
$VNA (-1,56%)
$BAYN (+0,24%)
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$SHOP (+1,18%)
$MCD (+0,01%)
$DIS (+0,27%)
$ROK (+0,52%)
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$RUN (+1,09%)
$FTNT (+0,78%)
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$DUOL
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$GOOS (+0,24%)
$PETR3T
$ANET (+0,08%)

I have started to reduce the number of positions in my portfolio. I have now bought 3 stocks and invested for 1,000. $DIS (+0,27%) Is 1 of the shares I closed completely.

#investeren
#aandelen
#etfs
#dividend

https://youtube.com/playlist?list=PLvf6raDPg9Fmfy1ylhhn2MSXKHEOfqym9&si=t-pyCBn-K_6j9H6z

The US Federal Reserve leaves key interest rates unchanged + Online company Amazon invests in logistics + Alphabet slumps - Apple tests AI search in its browser + Paypal further expands its market leadership in German e-commerce + Disney benefits from theme parks and streaming

The US Federal Reserve leaves key interest rates unchanged

• but points to increased risks of both higher inflation and rising unemployment.
• According to the FOMC, the economy continues to expand at a solid pace, with the decline in production in the first quarter attributable to record imports.
• It reports that the economy is growing at a solid pace.
• The Fed reports that employment is stable and the labor market remains solid.
• It sees increased risks of higher unemployment and inflation.
• This assessment could have an impact on future monetary policy.
• The latest interest rate decision was taken unanimously.
• It was noted that uncertainty about the economic outlook has increased further.
• Investors should pay attention to possible effects on future monetary policy decisions.
• The US Federal Reserve is holding the key interest rate at 4.25 to 4.50 %, which is in line with forecasts.

The online company Amazon $AMZN (+0,46%)invests in logistics

• so that it can deliver to its customers even more frequently on the day they order.
• This was announced by Rocco Bräuniger, Vice President responsible for Amazon's German-speaking regions, among other things.
• "We are working on further expanding same-day delivery and extending order acceptance times," said Bräuninger at Amazon's innovation presentation "Delivering the Future".
• The intention is for customers to be able to order later in the day and still receive their items on the same day.
• Amazon then plans to introduce same-day delivery at 20 new locations in Europe over the next twelve months, including Augsburg, Metz and Bergamo, for groceries and cosmetics, but also for many other everyday items.
• (Handelsblatt)

Alphabet $GOOGL (+0,8%)slump - Apple $AAPL (+0,24%)tests AI search in its browser

• Alphabet's A-share price fell sharply in response to the news that Apple is testing an artificial intelligence (AI)-based search function in its internet browser.
• The shares of Google's parent company were recently trading 5.8 percent lower at USD 153.71.
• Apple's shares also fell sharply in response to the news, losing 2.1 percent to 194.32 dollars.
• The slide of the two heavyweights also caused the technology-heavy Nasdaq 100 index to slide into negative territory on Wednesday, having previously posted a moderate gain.
• Apple is "actively" looking into transforming the Safari web browser on its devices into an AI-powered search engine, said Eddy Cue, senior vice president of services at the technology company.
• He made this statement during his testimony in the US Department of Justice trial against Alphabet.
• At the center of the dispute is the agreement between Apple and Google, worth an estimated 20 billion dollars per year, which makes Google the default offering for search queries in Apple's integrated browser.

Paypal $PYPL (+0,6%)further expands its market leadership in German e-commerce

• This was announced by the EHI Institute on Wednesday on the occasion of its Payment Congress in Bonn.
• According to the report, the proportion of online purchases paid for via PayPal rose by 0.8 percentage points to 28.5% compared to 2023.
• Paypal has a strong market position in Germany, particularly thanks to its cooperation with the online auction house Ebay $EBAY (+1,55%)a strong market position.
• Unlike in other European markets, the local banks and savings banks did not succeed in launching their own payment system for paying for online purchases at an early stage.
• "Paypal's market share would be significantly higher if market leader Amazon offered this payment method," states payment expert Horst Rüter from EHI.
• (Börsen-Zeitung)

Disney $DIS (+0,27%)profits from theme parks and streaming

• Thanks to its theme park and streaming business, entertainment giant Disney is defying the uncertainty following Donald Trump's tariff crackdown.
• While many US companies are withdrawing their forecasts for this year, Disney exceeded analysts' expectations with its outlook.
• The share price rose by more than five percent at times in pre-market US trading.
• Contrary to the company's own expectations, the number of subscriptions to the Disney+ streaming service grew by 1.4 million to 126 million within three months.
• The business, which has long been loss-making in recent years, generated an operating profit of 336 million dollars.
• In theme parks and cruises, the operating result rose by nine percent year-on-year to just under 2.5 billion dollars.
• Disney remains optimistic for the rest of the financial year, emphasized CEO Bob Iger.
• Disney now expects adjusted earnings per share to increase by 16 percent to 5.75 dollars for the year to the end of September.
• Analysts had expected an average forecast of 5.44 dollars.
• In the last quarter, Disney sales rose by seven percent year-on-year to 23.6 billion dollars.
• The bottom line was a profit of just under 3.28 billion dollars after a loss of 20 million dollars a year earlier.

Thursday: Stock market dates, economic data, quarterly figures

• ex-dividend of individual stocks
• Vonovia EUR 0.90
• Mercedes-Benz Group EUR 5.30
• GRENKE 0.40 EUR
• Wacker Chemie EUR 2.50
• Hannover Rueck EUR 7.20
• Rational 13.50 EUR
• Schoeller-Bleckmann Oilfield EUR 1.75
• Renault EUR 2.20
• FUCHS EUR 1.11
• H & M SEK 3.40

• Quarterly figures / company dates USA / Asia
• 06:45 Toyota quarterly figures
• 08:30 Nintendo annual results
• 13:00 Conocophillips quarterly figures
• 14:00 UPS AGM
• 14:30 Ford AGM
• 17:00 Kraft Heinz AGM
• 22:00 Expedia | News Corp | Pinterest | Lyft | Quarterly figures
• 23:30 Alcoa AGM

• Quarterly figures / Company dates Europe
• 06:45 Zurich Insurance | Basler quarterly figures
• 07:00 Anheuser-Busch | Aurubis | Hella | Knorr-Bremse quarterly figures
• 07:00 Heidelberg Materials Trading Update 1Q
• 07:00 Lanxess | Siemens Energy | Ströer | Hamborner Reit | SMA Solar
• 07:00 Wacker Neuson quarterly figures
• 07:30 Gea | Henkel | Infineon | Rheinmetall | Elringklinger | Fielmann
• 07:30 GFT Technologies | SGL Carbon | SAF-Holland quarterly figures
• 07:50 Suss Microtec quarterly figures
• 08:00 Puma | Deutsche Beteiligungs | A.P. Moeller-Maersk Quarterly Figures | Infineon PK
• 09:00 Hella | Henkel Analyst Conference | Ströer Analyst and Press Conference
• 09:30 Deutz AGM | Infineon Analysts' Conference
• 10:00 Sto SE quarterly figures | Allianz | EnBW | MTU Aero Engines | Qiagen
• 10:00 KSB | Uniper AGM | Lanxess | Qiagen PK
• 10:30 Talanx AGM | Siemens Energy Analyst Conference | Henkel PK
• 11:00 Jost Werke AGM | Hamborner Reit Analyst and Press Conference
• 13:00 Zurich Insurance | Lanxess Analyst Conference
• 14:00 Baywa quarterly figures | Basler | Heidelberg Materials | Gea
• 14:00 Rheinmetall Analyst Conference
• 15:00 Elringklinger Earnings Call | Puma | Qiagen Analyst Conference
• 17:00 DocMorris AGM
• 18:00 Enel | Leonardo Quarterly figures

• Economic data

08:00 DE: Trade balance March trade balance calendar and seasonally adjusted FORECAST: n.a. previous: +17.7 bn Euro Exports FORECAST: +1.0% yoy previous: +1.8% yoy Imports FORECAST: +0.5% yoy previous: +0.7% yoy

08:00 DE: Production in the manufacturing sector March seasonally adjusted PROGNOSE: +0.8% yoy previous: -1.3% yoy

09:30 SE: Sveriges Riksbank, outcome of the Monetary Policy Council meeting FORECAST: 2.25% previously: 2.25%

10:00 NO: Norges Bank, outcome of the Monetary Policy Council meeting FORECAST: 4.50% previously: 4.50%

13:00 UK: BoE, outcome and minutes of the Monetary Policy Council meeting Bank Rate PROGNOSE: 4.25% previously: 4.50%

14:30 US: Initial jobless claims (week) Forecast: 230,000 Previous: 241,000

14:30 US: Productivity ex Agriculture (1st release) 1Q annualized PROGNOSE: -0.7% yoy 4th quarter: +1.5% yoy Unit labor costs PROGNOSE: +5.1% yoy 4th quarter: +2.2% yoy

16:00 US: Wholesale inventories 3/25 (final)

$DIS (+0,27%) Quality always pays off.

And again something in $DIS (+0,27%) put in

As a listener to the Disney Entertainment conference call ($DIS (+0,27%) ), I was able to learn many interesting details about the company's current strategy and future plans.

Analyst Benjamin Swinburne from Morgan Stanley conducted the call with Dana Walden, Co-Chairman of Disney Entertainment. She answered questions and gave insights into the organization, the creation of value through content, the streaming strategy, the focus on children's and family programming, technological development, advertising opportunities and the management of the company.

At the beginning of the interview, Dana Walden explained the structure of Disney Entertainment . Following the return of Bob Iger, the company was divided into three segments:

• Parks and Experiences under the leadership of Josh D'Amaro
• ESPN under the management of Jimmy Pitaro
• Disney Entertainmentwhich is jointly managed by Alan Bergman and Dana Walden

Alan Bergman is responsible for movie studios and branded series, while Dana Walden oversees global television . Together they are responsible for Disney+ and Hulu, including ad sales, technology and platform distribution. This structure is designed to empower creative executives and combine accountability for revenue and expenses. Bob Iger wanted to link those responsible for expenditure directly to revenue.

A central theme was the importance of content for the value creation of the entire company . Disney is known for its outstanding stories and characters, which are used in all areas of the company. Alan Bergman's film studios led the box office with a turnover of 5.5 billion dollars. Disney owns 50% of the top 10 streaming shows of the year. This content powers Disney+ and Hulu and is used in the parks, on cruise ships and in consumer products. The result is a value chain that permeates the entire company.

In the area of streaming Disney has made considerable progress. Having previously lost over 1 billion dollars per quarter, the company is now profitable and generating increasing revenues with the prospect of double-digit margins. An important step was the integration of Hulu into Disney+ for subscribers of both services. This increases customer loyalty and reduces churn. Disney plans to continue releasing high-quality content such as "Moana 2" and "Mufasa". Dana Walden is particularly proud of the 60 Emmy Awards that Disney series have won.

An important aspect of the streaming strategy is the international expansion. Disney is investing in local original productions to appeal to subscribers worldwide. One example is the Korean series "Moving", which has gained over 1.5 million subscribers.

Another focus is on ESPN and the planned direct-to-consumer offer. Although Dana Walden leaves the details to Jimmy Pitaro, she emphasized that sports is the most successful form of entertainment. The integration of an ESPN section into Disney+ with over 3,000 hours of programming and the daily "SportsCenter" show SC+ has already led to increased usage. Many subscribers are taking advantage of the opportunity to upgrade to the trio bundle (Disney+, Hulu and ESPN+).

An important area for Disney has always been children's and family entertainment. Disney is the number 1 brand for pre-school children. The most streamed program in the USA last year was "Bluey". Disney also produces thousands of videos for YouTube to reach kids where they consume content. Disney is working on technologies that enable children to interact with content in a contemporary way. Live channels on Disney+ such as Disney Playtime are also very popular.

Dana Walden emphasized that technology is of great importance to Disney. The company has invested in technology experts, including Adam Smith from YouTube and Andre Rohe from YouTube and Meta. They are to drive forward algorithmic programming, personalization and the use of AI. An important goal is to make password sharing to combat password sharing.

In conclusion, Dana Walden emphasized the the stability and talent of the Disney leadership team. of Disney. She praised the cooperation with Bob Iger and emphasized that the company is in good hands. Despite the challenges of recent years, she is confident that Disney will continue to be successful in the future.

Overall, the conversation gave me a detailed insight into the strategy and future plans of Disney Entertainment. The clear priorities, the focus on content, technology and international expansion make me optimistic about the company's future.

Do any of you have Walt Disney in your portfolio?

Saudi Aramco plans takeover of BP's Castrol

Saudi Aramco $2222 is in the early stages of planning to make an exciting bid for BP's lubricants division Castrol $BP. (+0,03%) lubricants division. According to a source with insight into the situation, BP is reviewing all options for its Castrol business. This strategic review could potentially lead to a sale. Analyst Ashley Kelty estimates the value of the business at around 6 to 8 billion dollars. This could be a significant development in the oil and energy sector. BP has also set itself ambitious targets, with the company planning to sell $20 billion worth of assets by 2027. This should help to reduce capital expenditure and regain investor confidence. While talks between the two giants are still in their infancy, BP shares rose 1% to 412.15p, highlighting market interest in this potential takeover.

Disney lays off almost 6% of employees

In the USA, the Walt Disney Co. $DIS (+0,27%)plans to lay off around 200 employees, which corresponds to almost 6% of the total workforce of ABC News Group and Disney Entertainment Networks. According to reports in the Wall Street Journal, an official announcement could be made to employees as early as Wednesday. Disney, like many companies in the entertainment sector, is facing a drastic decline in cable network viewership. In addition, the number of subscribers to the Disney+ streaming platform has steadily declined in recent quarters. This has led to Disney's shares falling by 4% over the last 12 months, while Netflix has seen an impressive increase of almost 60%. Despite the challenges, Disney has performed better than expected in recent reporting, even if the decline in Disney+ subscribers cannot be ignored. The developments show how dynamic and challenging the market for entertainment and media has become.

Sources:

https://finance.yahoo.com/news/saudi-aramco-exploring-initial-bid-134415735.html

https://finance.yahoo.com/news/disney-lay-off-nearly-6-133014116.html

Pair of sizes $NOVO B (+0,14%) and a new position $HL (-3,46%) . We will see :)