I‘ll continue to buy companies that are more isolated from tariffs than others during these downturns. Like $GOOGL (-2,74%)
$META (-4,44%)
$MSFT (-2,36%) and for longer-term $NVDA (-7,25%)

Microsoft
Price
Discussão sobre MSFT
Postos
989New perspective, new insights
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$RIO (-6,32%)
- Main Street Capital$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 🥳

04.04.2025
Tariffs hamper Big Tech in the US + Apple has to raise prices + E-prescription drives growth of online pharmacy Redcare + Puma replaces boss after disappointing results + Canada imposes counter tariffs on some vehicles from the US
Tariffs hamper big tech in the USA
$AMZN (-3,47%) / $NVDA (-7,25%) / $MSFT (-2,36%)
- The high import tariffs announced by US President Trump on technology equipment from Asia, including 34% on China, 32% on Taiwan and 25% on South Korea, could hinder Big Tech's multi-billion dollar AI infrastructure projects in the US, according to analysts.
- Project Stargate, a $500 billion data center project by OpenAI, SoftBank and Oracle, as well as AI investments by Microsoft, Alphabet and Amazon could be delayed or curtailed as a result.
Apple $AAPL (-6,8%)must raise prices
- Apple faces the choice of absorbing the additional costs or raising iPhone prices by up to 43% due to new US import tariffs of 54% on Chinese goods, according to Rosenblatt Securities.
- Even if Apple were to relocate production to Vietnam or India, it would have to raise prices by at least 30% due to tariffs of 46% and 26% respectively, according to Counterpoint Research.
- Goldman Sachs warns that far-reaching US tariffs will weigh on global growth and force the Federal Reserve to cut interest rates more aggressively than previously expected.
- Ashish Shah, Chief Investment Officer at Goldman Sachs Asset Management, describes this as a growth shock and a burden for US consumers.
E-prescription drives growth of online pharmacy Redcare $RDC (-2,11%)
- The online pharmacy Redcare Pharmacy grew strongly in the first quarter.
- The company continued to benefit from a strong increase in business with electronic prescriptions, particularly in Germany.
- According to a statement on Friday, the company increased its revenue by 28 percent year-on-year to 717 million euros, which was slightly above market estimates.
- In Germany alone, sales of e-prescriptions almost tripled to 108 million euros.
- This key figure is a particular focus for investors and analysts.
- At company level, it reportedly increased by almost 50 percent to 233 million euros.
- However, Redcare continues to generate the lion's share of its business with the sale of non-prescription products.
- Revenues here rose by almost a fifth to 484 million euros.
- The online pharmacy did not disclose earnings figures, but the earnings before interest, taxes, depreciation and amortization (EBITDA) margin "should be positive again," explained CFO Jasper Eenhorst.
- Redcare is "clearly on course" to achieve its annual targets.
- The company plans to publish its full quarterly report on May 6.
Puma $PUM (-2,41%)replaces CEO after disappointing results
- Following a recent disappointing performance, the sporting goods manufacturer Puma is making a change of boss.
- Arne Freundt is stepping down as CEO on April 11 "due to differing views on the implementation of the strategy", the company announced in Herzogenaurach on Thursday.
- The Supervisory Board has appointed Arthur Hoeld as the new Puma CEO from July 1, it said. He was responsible for global sales as a member of the Adidas Executive Board until October 2024.
- Matthias Bäumer, previously Vice President for the Teamsport segment, will also take over the position of Chief Sales Officer from April 1.
- Puma is currently experiencing a huge crunch: after a decline in profits last year, the Adidas competitor is also expecting falling results for 2025.
- Trade tensions, cautious consumers and strong fluctuations in exchange rates are weighing on the Swiss franc, which is massively lagging behind its local rival.
Canada imposes counter-tariffs on some vehicles from the USA
- Canada is responding to US President Donald Trump in the trade war and imposing counter-tariffs on certain vehicle imports from the United States.
- Ottawa will impose 25 percent import duties on all cars not produced under the North American trade pact USMCA, announced Canadian Prime Minister Mark Carney.
- The measures should cause maximum damage to the US economy, but spare the Canadian economy as much as possible.
- Carney emphasized that the United States was no longer a friendly partner for Canada and that the country would defend its interests and sovereignty.
- According to Carney, he had also spoken to the acting Federal Chancellor Olaf Scholz on the phone that morning.
- They discussed strengthening the "diverse trade relations" between the two countries.
- "In light of the crisis caused by President Trump's tariffs, reliable trading partners are more important than ever," Carney wrote on the X platform.
- Trump launched a trade war against neighboring Canada and Mexico shortly after taking office, but has withdrawn some tariffs several times.
- Although Canada was not mentioned in the latest announcements by the US government, tariffs already imposed on the country still apply.
- The Canadian automotive industry is particularly affected.
Friday: Stock market dates, economic data, quarterly figures
Stock market holiday in China and Hong Kong
- ex-dividend of individual stocks
- Aurubis EUR 1.50
- JPMorgan Chase 1.40 USD
- American Express USD 0.82
- Bristol-Myers Squibb USD 0.62
- Quarterly figures / company dates Europe
- 07:00 Sodexo half-year figures
- 11:00 Bawag Group AGM
- No time specified: Banco Santander AGM
- Economic data
08:00 DE: New orders February seasonally adjusted FORECAST: +3.5% yoy previous: -7.0% yoy
08:00 DE: Manufacturing Turnover February | Services Turnover January
08:45 FR: Industrial Production February FORECAST: +0.2% yoy previous: -0.6% yoy
10:00 EUECB Vice-President Luis de Guindos, speaks at Academia Europea Leadership Event
14:30 US: Labor Market Data March Employment ex Agriculture PROGNOSE: +140,000 yoy previous: +151,000 yoy Unemployment rate PROGNOSE: 4.1% previous: 4.1% Average hourly earnings PROGNOSE: +0.3% yoy/+3.9% yoy previous: +0.3% yoy/+4.0% yoy
17:25 US: Fed Chairman Powell, economic outlook speech
No time specified: UK: Governor of the Bank of England, meeting of the Financial Policy Committee

Subsequent purchase Teamviewer
We have also struck at Teamviewer. The software company from Göppingen is hardly directly affected by the tariffs, but is nevertheless being punished on the stock market.
In a multiple comparison with other software groups, we believe that TeamViewer is fundamentally undervalued. We have therefore increased our position in the company and taken advantage of the current correction.
TeamViewer is the global market leader for remote desktop applications. However, contrary to what US analysts regularly confuse, it is not a direct competitor of $MSFT (-2,36%) Teams or $ZM (-7,2%)
TeamViewer is used more for the remote control of machines or cash register systems. The share of sales generated by large corporations is also growing year on year.
What do you think of the purchase?
Review March 2025
March is already over, daylight saving time is on and by the time you read this, it will be "liberation day". Let's see what Mr. Trump does today at noon. But that will probably be the subject of April.
For now, let's take a look back at my March 2025.
I posted a loss of 3.09% in March. With my portfolio size, this corresponds to a value of almost €4,000. The Dax (-1.72%) beat me again, but compared to the HSBC MSCI World (-7.88%) I am still doing very well.
Over the year (YTD), I lost ground to the DAX, which remained fairly stable, but at the same time I was able to extend my lead over the MSCI World. After all...
Overall, however, I am also satisfied in March. As in February, my portfolio is quite stable compared to the MSCI World. Yes, in good phases I forego profits, but I don't have so many losses now. Volatility is supposed to be a real mental challenge for some people. I'm just glad that things are a bit more subdued for me.
My high and low performers in February were (top 3):
$EOAN (-6,15%) EON +13.45%
$UNH (-2%) UnitedHealth +7.15%
$ALV (-8,43%) Allianz +6.60%
$RACE (-3,06%) Ferrari -12.35%
$LLY (-7,56%) Lilly -13.04%
$MC (-4,14%) LVMH -17.71%
Funny that UnitedHealth was the second worst performing stock in February and now the second best.
Dividends:
In March, I received a net €165.60 from a total of 22 distributions.
Compared to March 2024 (€128.38), that was an increase of 28.99%
Investments:
As I mentioned in February, I am still building up my nest egg again. This is also not yet complete.
A special payment is due in April, but this will go into the $XEON (-0%) as I am saving all the special payments for the loan repayment in 5 years' time.
I have actually stopped some savings plans in order to have more money for individual purchases or to build up cash. More on this later.
Buying and selling:
There were no sales this month.
I bought Ferrari, and there is still room here until the position is full.
As I mentioned above, I stopped some savings plans. Realty, STAG, Gladstone Investment and Hercules Capital have been stopped. I would like to add to Realty again to fill the position (I'm still €300 short). The price of the others is moving sideways, so I imagine that I will be able to buy them at a later date at the same price.
Savings plans (total €175):
- Cintas ($CTAS (-6,69%) )
- LVMH ($MC (-4,14%) )
- Monster Beverage ($MNST (-3,46%) )
- Microsoft ($MSFT (-2,36%) )
Goals 2025:
My goal is to have €130,000 in my portfolio at the end of the year. The goal is to be achieved by reinvesting the dividend, making payments and, of course, increasing the share price. The share price increase is of course impossible to predict in any way, so the motto is: if the share price falls or does not rise enough, more cash is needed.
This comes from the sale of useless items on eBay, additional income from e.g. "neighborhood help", etc. The worse the share price, the more additional cash has to be raised.
Target achievement at the end of March 2025: 21.05%
So I'm on the right track (so far), although I would have needed a bit more in March to maintain the average. Well, everything is still open at the moment.
Now I'll wait and see what tariffs come in today (or not), look forward to the dividends and just wait and see. "Because doing nothing often leads to the very best of something."
How was your March? I have the latent hope that, for once, I did better in March than my usual 50% or so of the getquin community.
#washbaerreview

The Magnificent 7 in the ranking
Inspired by @MozartTrading you can now read my assessment of the 7 most important stocks in the US economy.
Let's start with what is probably the most boring of the 7 stocks. Apple hasn't done much wrong for years, but it hasn't done much right either. Overall, the operating business is moving sideways and the valuation is not cheap. Overall, however, you don't get a quality company too cheap here. There are certainly worse stocks, but there are also plenty of better ones.
HOLD.
META is also relatively boring, but at least significantly cheaper. Overall, I see more sense in buying here, but META is also relatively lacking in innovation and not very well diversified. META still refuses to break down how much revenue is made with which app, but as I see it, they probably make the absolute majority of their total revenue through Instagram and advertising. META has certainly been trying to broaden its base for decades, but even several years after my last analysis, they have not been really successful. At least they have a good M&A team because they have had more success on average with the companies they have acquired than with those that come entirely from their own company. HOLD
Can actually be summarized in a few words, because this is by far the most volatile share of the big 7. A share that has a lot of potential, if you want to believe the CEO's promises. But only then. Fundamentally, Tesla is not really understandable at all, you either have to have confidence in Elon or leave it alone. HOLD (or SELL)
$GOOGL (-2,74%) / $GOOG (-2,49%)
Is probably the slightly more exciting alternative to META, cheaper and simply more broadly positioned. Alphabet also makes a lot of money through advertising, but they also have several other irons in the fire. They have Cloud. They have Android. They have YouTube. They're also trying to do something in the direction of quantum computing and Waymo. Somehow Alphabet is at least involved somewhere in all the important topics. That's pretty good. In comparison, however, it's noticeable that Alphabet has also been responsible for a lot of pipe failures over the last few years. Of course, Alphabet is by far the best value compared to the other stocks. But there is usually a reason why shares are cheap. And again, no one wants to give you Alphabet, but Alphabet also has to fear by far the most pressure from regulatory authorities, even ahead of Apple and Tesla. Overall, however, it has to be said that Alphabet is better diversified than META and cheaper than Apple, which is why this is the first BUY rating.
The shooting star par excellence. Nvidia is strongly positioned in the most important trend of our time and has very high market power due to its unique technology, which the competition is currently unable to keep up with. The only reason for this is that the business model is not particularly well diversified. At the moment, everything depends on the data centers and here I will let you in on an industry secret: they will not continue to grow at 30-40% p.a. forever. However, this knowledge is already reflected in the share price and has already been priced in to some extent. Compared to Alphabet, Nvidia is less diversified, but has fewer regulatory worries and better management. Therefore, there is also a very clear BUY.
Time for the first S-tier company in the mag7. Microsoft actually has the perfect business model and is represented in countless future trends. You have the cloud, you have gaming, you also have something like social media with LinkedIn, you sell your own hardware, you also have a search engine and earn money through advertising, but of course mainly through the subscription model. Microsoft is not the market leader in every area, but it is fundamentally successful in every area. And that's what makes Microsoft so special. There are markets in which Microsoft is absolutely dominant and those in which it is only number #2 or #3 it is at least enough to avoid being completely flattened and having to retreat. For example, they are not the biggest cloud, but at least they are the most profitable. By and large, this is what sets Microsoft apart from Google. Microsoft only really knows the word failure from the times of Steve Ballmer, who maneuvered the company onto very sharp cliffs a few times. The biggest fails in Microsoft's history, such as Windows Mobile, also date back to these times. I would love to try out an MS Surface to see how well Windows performs on mobile devices today, but in the past it was a real disaster.
But before I digress too much, I'll tell you that MSFT is definitely a STRONG BUY from me.
Drum roll here comes my favorite stock. Amazon started as a bookstore, is known to most as an online store but is actually so much more. As if it wasn't impressive enough that Amazon gets so much out of such an unattractive business model as e-commerce, they are also active in many other areas and are amazingly successful overall. When it comes to shopping, they often manage to be one of the cheapest providers and still earn a lot of money. They are also a postal service provider. And an airline. And a streaming service. And not forgetting the world's largest cloud provider. What makes Amazon so special is that they often build up business areas for their own needs and then sell them to other customers at the same time. This horizontal integration and the resulting synergy effects are amazing and offer further compounding potential, especially in the future. Together with Rivian, they build their own vehicles for their own delivery service and are then themselves their biggest customer. I don't think there's even enough space to tell you about all the business areas in which they are now active. For example, they are now also active in the advertising business. Amazon is a company that really excites me because they keep finding niches where the other big tech companies aren't really active and because they consistently push ahead with developing products that not only their customers but also they themselves can use. At the moment, earnings are still a size smaller than Apple, Microsoft and Alphabet, but they still have the potential to make the leap to the very top. Therefore, in addition to MSFT, a STRONG BUY.

Buy more now?
$MSFT (-2,36%) Store now or wait a little longer?