Over the last few weeks, I have been looking at shares from a new perspective and have started to take a closer look at balance sheets and fundamental data. 🤯

Unfortunately, I still don't use a screener and have therefore only looked at the stocks that I am familiar with in some form.

In view of the tradable shares on the global market, this is certainly a big mistake and I have some catching up to do. Nevertheless, I would like to share some of my findings with you.

I have created two lists for this purpose.

On the lists you will find stocks that in my opinion have excellent fundamental quality characteristics.

The first list contains the absolute quality companies, some of which have already proven themselves over many years, and the second list contains companies that could still become such or have not yet proven themselves long enough and could therefore be a good long-term investment. The lists are neither correct nor complete and, depending on your point of view, some stocks belong on one list or the other, or perhaps not on any list at all.

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Quality companies:

• Visa$V (-6,9%)

Duopoly, very strong profit margin,

Risks: Google Pay/Apple Pay etc.

• Waste Management$WM (-4,02%)

Long-term contracts, strong balance sheet, regular share buybacks

• Stryker$SYK (-5,39%)

• Intuitive Surgical$ISRG (-8,5%)

• Novo Nordisk$NOVO B (-6,66%)

• Essilor Luxottica$EL (-4,31%)

Strong moat, good growth,

Weaknesses: low return on equity

• Hershey$HSY (-1,95%)

Solid cash flow, >50% return on equity,

Weaknesses: approx. 90 % of sales generated in the USA, trend towards healthier food

• ASML$ASML (-2,09%)

• Alphabet$GOOGL (-2,74%)

• Hermes$RMS (-4,6%)

• Wal-Mart de Mexico$WALMEX* (-5,99%)

The only retail food group I know of with a significant margin of

significant margin of >5%, stable growth and healthy balance sheet,

Growing middle class in Mexico and expansion in Central America.

Weaknesses: Mexican peso

• Lotus Bakeries$LOTB (-2,66%)

Continuous sales and profit growth, very nice balance sheet, but a high stock valuation

high stock valuation (like the vast majority in this list)

• Ferrari$RACE (-3,06%)

• Zoeties$ZTS (-4,18%)

Market leader, high margin, solid cash flow, growing dividend,

• Idexx Laboratories$IDXX (-3,38%)

Very nice growth stock with high customer loyalty, strong growth, >80%

return on equity, solid balance sheet,

• alliance$ALV (-8,43%)

• Microsoft$MSFT (-2,36%)

• Procter & Gamble$PG (-4,13%)

• Pepsi$PEP (-1,81%)

• Adobe$ADBE (-4,21%)

• L'Oreal$OR (-1,22%)

• Schneider Electric$SU (-8,15%)

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Opportunities and future quality Company?

• Rio Tinto$RIO (-6,32%)

• 3i$III (-7%)

• Main Street Capital$MAIN (-6,56%)

• Mutares$MUX (-8,93%)

• Altria$MO (-2,25%)

• Terna$TRN (-4,98%)

• Pfizer$PFE (-4,59%)

• Vinci$DG (-5,04%)

• Mercadolibre$MELI (-4,71%)

• Caterpillar$CAT (-4,89%)

• BAE Systems$BA. (-9,05%)

• Lululemon$LULU (+4,59%)

• Generali$G (-6,61%)

• Energiekontor$EKT (-6%)

• Vici$VICI (-2,83%)

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Thanks for reading and I look forward to additions, corrections and exchanges of opinion.

Are there any of the stocks mentioned that are of particular interest to you?

Has anyone delved particularly deeply into one or other stock?

Then have a nice weekend 🥳

Lululemon warns cautious consumers

Lululemon $LULU (+4,59%) experienced a painful 15% drop in its shares this afternoon. The reason? CEO Calvin McDonald announced at an investor conference that consumers in the US are increasingly hesitant when it comes to spending. This development is not surprising, as the current economic climate is causing uncertainty. The University of Michigan's consumer index has reached its lowest level since November 2022, clearly showing that people are rethinking their spending. Retailers are also reporting a reluctance to spend, which is directly attributable to concerns about economic changes and rising tariffs. Despite these challenges, Lululemon is optimistic about the future: net sales of between EUR 11.1 and 11.3 billion and adjusted earnings per share of EUR 14.95 to 15.15 are targeted for the 2025 financial year. The diversification of products and low dependence on China could benefit the company in these turbulent times.

Boeing plans to sell Jeppesen navigation unit for over 8 billion dollars

In the USA, Boeing is planning $BA (-8,12%) is planning a significant sale of its Jeppesen navigation unit, and interest is high. Several private equity firms and an aerospace supplier have already signaled their offers. The estimated price for this valuable unit is over 8 billion euros and Boeing will be reviewing the bids received in the coming weeks. Potential buyers include prominent names such as Vista Equity, Warburg Pincus and TransDigm. This sale is part of CEO Kelly Ortberg's strategy to streamline Boeing and reduce debt. If the sale is successful, it could go down in history as one of the largest carve-out transactions in recent years. Jeppesen, known for its navigation products and software, is seen as a valuable asset that could potentially generate stable cash flows for the buyers.

Sources:

https://finance.yahoo.com/news/lululemon-warns-about-cautious-consumer-as-inflation-tariff-concerns-take-a-toll-172907689.html

https://finance.yahoo.com/news/exclusive-buyout-aerospace-firms-close-174043591.html

$LULU (+4,59%) 2k profit

$LULU (+4,59%) would have been better

Sales of selected competitors of Nike $NKE (+3,05%) :

Nike(USA): $49.0 billion, -8% in the last quarter compared to the previous year, $NKE (+3,05%)

Adidas*(Germany): $24.6 billion, +7%, $ADS (-0,23%)

Lululemon**(USA): $10.2 billion, +9%, $LULU (+4,59%)

VF Corporation**(USA): $9.9 billion, +2%, $VFC (-0,19%)

Anta Sports*(China): $9.7 billion, +14%, $2020 (-2,31%)

Puma*(Germany): $9.3 billion, +0%, $PUM (-2,41%)

Skechers**(USA): $8.7 billion, +13%, $SKX (+3,27%)

New Balance*(USA): $7.8 bn, unlisted

Under Armour*(USA): $5.4 billion, -6%, $UAA (-1,85%)

Deckers Brands**(USA): $4.6 billion, +17%, $DECK (+6,04%)

ASICS*(Japan): $4.1 billion , +16%, $7936 (-4,48%)

Li Ning*(China): $3.9 bn, +2%, $2331 (-0,61%)

On Holding**(Switzerland): $2.5 billion, +32%, $ONON

Despite all its problems, Nike is still twice as big as Adidas and somewhat as big as its four main competitors (Adidas, Anta Sports, Puma, New Balance) combined. together.

The Nike share is currently in a 60% drawdown (the worst in 25 years) and is roughly at the level of the COVID-19 low in March 2020.

Attractive risk-reward ratio?

Is Nike a buy, hold or sell for you?

*Main competitor

**Competitor in certain segments

$LULU (+4,59%) 😃+65% since 29.8. good decision (that I didn't $NKE (+3,05%) bought)

Aftermarket after quarterly figures, 05.12.

$ASAN (+0,76%)
$RBRK (-8,91%) +15.82%

$DOCU (-5,93%)
$ULTA (+0,75%)
$GTLB (+0,26%)
$LULU (+4,59%)

$VEEV (-4,65%)
$PATH (-1,94%)
$VSCO (+12,99%)
$HPE (-5,81%)
$IOT -6.58%