1 Meta Platforms (A)

Meta is investing heavily in AI and the metaverse - an exciting tech giant with solid cash flow after the correction.

2. paypal

Fintech giant with a strong market position in digital payments - currently valued more favorably due to the correction.

3. realty income

Stable dividend payer ("Monthly Dividend Company") from the real estate sector - down due to interest rate concerns, now an attractive entry point.

4. salesforce

Market leader in CRM software with good growth prospects - the correction is pushing the price down to a more interesting level.

5 Shopify (A)

E-commerce enabler with potential to profit from global online trade - more attractive again after setbacks.

6. target

Solid retail company with stable sales - fallen due to economic uncertainties and now valued more excitingly.

7 The Trade Desk (A)

Profiteer of growing digital advertising - currently cheaper due to tech sector correction.

8 Zeta Global Holdings

Growing in data-driven marketing - still a small cap with opportunities due to current valuation weakness.

9 Alphabet (A)

Google parent with strong AI and cloud position - correction offers long-term investors favorable entry opportunities.

10. amazon.com

Market leader in e-commerce and strong in the cloud sector (AWS) - currently more exciting again after declines.

11. ASML

Monopolist in EUV lithography machines for the chip industry - cheaper due to market downturn, but essential in the long term.

12. diageo

Strong consumer goods stock (e.g. spirits) - currently under pressure due to economic concerns, which creates good opportunities for additional buying.

13. HCA Healthcare

Largest private hospital operator in the USA - defensive business model, more interesting valuation after the correction.

14. Lam Research

Important supplier for the semiconductor industry - currently affected by the weak semiconductor market, but enormously important in the long term.

With these words, I wish you a pleasant Sunday evening and a successful week! $META (+0,53%)
$LRCX (+1,05%)
$HCA (-3,85%)
$DGE (-1,34%)
$ASML (-0,08%)
$AMZN (+0,25%)
$GOOGL (-1,98%)
$ZETA (+4,06%)
$TTD (-0,15%)
$TGT (+1,34%)
$SHOP (+2,12%)
$CRM (+1,45%)
$O (-0,52%)
$PYPL (+1,18%)

#etfs
#dividends
#stockanalysis
#aktien
#tech

2025 - A stock market year that has so far been more reminiscent of rough seas. It goes uphill and the next moment it goes abruptly downhill again.

The January began with a lot of Trump euphoria on the markets, before this was halted by DeepSeek in the second half of January.

The February recovered relatively quickly from this shock before falling again in the second half of the month. The Trump euphoria has turned into a Trump shock for the time being.

Nevertheless, I will continue to hold a 75-80% USA quota with a high proportion of tea.

I can get over the fact that after 2 years of outperformance against my benchmarks, there may be an underperformance this year.

Monthly view:

In total, February was -3,2%. This corresponds to price losses of almost 10.000€.

The MSCI World (benchmark) was down -2.5% and the S&P500 -1.4%.

Winners & losers:

A look at the winners and losers nevertheless reveals a surprising picture for the top performer in February.

But first a look at the losersThe biggest loser by far is Alphabet $GOOG (-1,83%) With losses of almost €3,000, the share price took a heavy hit in February. This is followed by a total of almost €5,000 in price losses Bitcoin
$BTC (-0,34%) & Ethereum
$ETH (+0,82%) . 4th & 5th place goes to Salesforce
$CRM (+1,45%) and TSMC $TSM (+0,97%) two more tech stocks

On the winning side are actually at the top, much to my own surprise NVIDIA
$NVDA (+4,72%) with a price gain of almost €1,000. And this despite the fact that NVIDIA lost over 10% on the penultimate trading day in February. Nevertheless, the recovery after the DeepSeek shock in February was greater than expected.

The top 5 includes Amgen
$AMGN (+0,76%) and Johnson & Johnson
$JNJ (-0,01%) two stocks from the healthcare sector, a rather defensive sector. These are joined by MercadoLibre $MELI (+1,25%) and Palo Alto Networks $PANW (+1,93%) but also two tech stocks.

The performance-neutral movements were positive again in February at € 900, after January was clearly negative due to a property purchase.

current year:

In the YTD my portfolio is still just in the plus with +0,6%. However, the MSCI World is up +1.9% and I am currently underperforming my benchmark.

In total, my portfolio currently stands at ~288.000€. This corresponds to an absolute growth of ~€3,000 in the current year 2025. ~1.000€ of this comes from price increases, ~500€ from dividends / interest and ~1.500€ from additional investments.

Dividend:

• Dividends in February were 19% above the previous year at ~€188
• At the top of the list Procter & Gamble
  $PG (+1,18%) with now over €50 (gross) dividend every 3 months
• In the current year, the dividends after 2 months are +24% over the first 2 months of 2025 at ~350€

Buys & sells:

• I bought in November for ~800€
• 520€ shares
• 210€ ETFs
• Here I took up a new ETF via a savings plan, an ETF that normally does not correspond to my strategy at all. This is a Covered Call ETF on the NASDAQ $JEPQ (+0,99%) - The ETF uses a covered call strategy to aim for a distribution of ~10% p.a. and still generate price gains. I know that this doesn't make sense from a tax perspective, but what the heck: you can have fun sometimes 😉
• 100€ crypto
• sales there were none in February

YouTube:

I uploaded a few new videos to YouTube in February and I'm starting to feel less stupid talking into a microphone.

I've also uploaded my portfolio update there as a video if anyone would like to see some more information about the portfolio performance in February:

https://youtu.be/iJZ0i3EO5Hs

Here I act according to the motto: Let's see what happens - What will happen!

Goal 2025

Building a house makes it particularly difficult to formulate a goal this year.

A certain savings rate? Difficult if additional costs are suddenly added

A certain deposit value? Also difficult, as I can't really back this up with my savings rate this year and the markets are very volatile.

The current portfolio balance is ~€290,000. I would estimate additional investments at ~€15,000. This would bring me to just over €300,000. I originally assumed a market return of 7% for this year. However, after the first two months it is difficult for me to estimate how this year will go.

That's why I'm being honest: A target doesn't make sense for me this year.

The goal is to build a successful house and for the portfolio we'll just see what happens.

#dividends

#dividende

#rückblick

#depotupdate

#aktie

#stocks

#etfs

#crypto

#personalstrategy

Shares in Salesforce $CRM (+1,45%) fell by around 5% in pre-market trading after the company issued a revenue forecast for the 2026 financial year that was below Wall Street's expectations. The reason for this is the slow uptake of the Agentforce platform, which is based on artificial intelligence.

Salesforce, a pioneer in software-as-a-service, is relying heavily on AI agents to drive growth. In a market where companies like Microsoft and Amazon are already leaders, the pressure on Salesforce is particularly high.

Forecast revenues for 2025 are expected to be between USD 40.5 billion and USD 40.9 billion, while analysts expect an average of USD 41.35 billion. Adjusted earnings per share of USD 11.09 to USD 11.17 are also expected to be below analysts' estimates of USD 11.18.

Analysts emphasize that the return to double-digit growth rates depends on the successful introduction of Agentforce, especially after the weak growth figures of recent quarters.

The analyst ference on the results of the fourth quarter from Salesforce ($CRM (+1,45%)) revealed a company that is developing innovative AI solutions at the forefront of digital transformation.

Marc Benioff, Chairman and CEObegan the conference with a strong message: Salesforce achieved record record revenue of 10 billion dollars in the quarter and for the first time exceeded the the 60 billion dollar mark in remaining performance obligations (RPO) for the first time - a sign of customers' continued confidence in the company's vision.

The performance of the latest products was particularly impressive: Data Cloud and Agentforcewhich have already become a multi-billion dollar product line product line. Data Cloud and AI alone achieved an annual recurring earnings of 900 million dollarswhich represents growth of 120 % compared to the previous year compared to the previous year.

Benioff clarified Salesforce's central strategy: Customer 360 apps, Data Cloud and an AI agent platform form the core of a fully integrated system that is characterized by trust and efficiency sets new standards. Especially Agentforcethe AI-supported automation solution, is showing ground-breaking results: Just 90 days after its launch, Salesforce was able to acquire over 3,000 paying customerswho are seeing huge productivity gains.

Brian Millham, President and COOelaborated on the success of Agentforce and cited some impressive examples. OpenTable used Agentforce to to automatically process 73% of all web inquiries from restaurants within just three weeks. Even more remarkable is the use in Salesforce's own help portalhelp portal, where Agentforce solved 380,000 service requests autonomously - with an impressive success rate of 84% and an escalation rate of just 2%.. In addition, Agentforce accelerates the quotation process by more than 75% and and increases the productivity of account executives by 7 %.

Amy Weaver, CFO of Salesforcegave a detailed overview of the company's financial position. Total revenue for the 2025 financial year amounted to 37.9 billion dollarsan increase of 9 % compared to the previous year. In the fourth quarter alone, sales amounted to 10 billion dollarsan increase of 8 %despite a negative currency effect of 75 million dollars. The non-GAAP operating margin increased to 33.1 %which represents an increase of 170 basis points compared to the previous year year - a sign of efficient cost management and increasing economies of scale. Particularly impressive was the operating cash flowwhich, at 13.1 billion dollars, a new record, 28 % above the previous year.

With a view to the new financial year, Weaver gave a sales forecast of 40.5 to 40.9 billion dollars which corresponds to growth of 7 to 8 % growth. The Subscriptions and Support business is expected to growwhich is expected to grow by around 9 %. At the same time, it is expected that the non-GAAP operating margin is expected to rise to 34 %.

In the subsequent Q&A part of the conference the main focus was on Agentforce as a key technology for the future was discussed. Keith Weiss from Morgan Stanley wanted to know how the pricing model for Agentforce - will it remain user-based or will new approaches come into play? Benioff explainedthat Salesforce is relying on a hybrid model that includes both usage-based elements for AI agents as well as classic user licenses. user licenses. Millham added that Salesforce is considering a universal credit pricing structure that offers customers more flexibility.

Another topic was the impact of Agentforce on other products. Kirk Materne from Evercore ISI asked if Agentforce would have a positive effect on existing solutions. Millham confirmed that Agentforce enables new workflows and enhances Salesforce's core technology, which in the long term enhances the entire SaaS stack.

The management structure was also a point of discussion. Raimo Lenschow from Barclays inquired about the the merging of the COO and CFO positionsafter both Weaver and Millham left the company. Benioff clarifiedthat Robin Washington as COFO these two roles in an ideal combination in an ideal combination.

Other interesting questions concerned the impact of Agentforce on the labor market labor market and corporate structures. Brent Thill from Jefferies wanted to know whether Salesforce has a role in the government regulation of AI technology plays. Benioff explainedthat Salesforce does not engage in direct political influence, but does supports government projects when needed.

Mark Murphy from JPMorgan raised the question of how much Agentforce has on the efficiency and cost savings of companies. impact. Benioff repliedthat Agentforce enables companies to massively can massively expand their workforce without additional personnel costs - a paradigm shift in which CEOs will not only manage human employees in the future, but also AI agents.

At the end of the conference, Benioff made a clear announcement: 2025 will be the year of Agentforce. The impact of AI on business processes, automation and customer loyalty will accelerate rapidly. With a clear focus on AI-supported productivity solutions, Salesforce remains one of the most exciting tech stocks for investors.

Nvidia quarterly figures + Salesforce revenue misses expectations and outlook disappoints + Cryptocurrency threatens to slide into a bear market + Amazon launches "Alexa+" with advanced AI features + Snowflake beats estimates + C3.ai loss narrows and revenue rises + EBay forecasts quarterly revenue

Nvidia $NVDA (+4,72%)quarterly figures

• NVIDIA Corp. fourth quarter earnings per share of $0.89 beat analyst estimates of $0.84.
• Revenue of USD 39.3 billion exceeds expectations of USD 38.02 billion.
• Sales increase of 78 percent in the past quarter
• Nvidia forecasts sales of USD 43 billion (plus/minus 2%) for the first quarter, exceeding market expectations of USD 41.78 billion, as the company expects continued strong demand for its AI chips.
• Gross margin is expected to fall to 71% due to start-up costs for the new Blackwell AI chips, below the 72.2% expected by Wall Street.

Salesforce revenue $CRM (+1,45%)misses expectations and outlook disappoints

• Salesforce reported fourth-quarter revenue late Wednesday that fell short of Wall Street estimates, while earnings from its customer relationship management platform came in higher than expected.
• Revenue rose 8% year-over-year to $9.99 billion for the three months ended Jan. 31, but fell short of the $10.04 billion consensus estimate compiled by FactSet.
• Adjusted earnings per share rose from $2.29 to $2.78, above market expectations of $2.61.
• Shares fell 5.6% in after-hours trading.
• Subscription and support revenue rose 8% to $9.45 billion, while professional services and other increased from $539 million to $542 million.
• Salesforce expects fiscal 2026 adjusted earnings per share of $11.09 to $11.17, which would be an increase from the $10.20 reported in January but below the consensus estimate of $11.20.
• Revenue is expected to increase 7% to 8% to $40.5 billion to $40.9 billion, a slowdown from the 9% growth in fiscal 2025 and below market expectations of $41.37 billion for fiscal 2026.
• For the current quarter, Salesforce expects adjusted earnings per share of $2.53 to $2.55 on revenue of between $9.71 billion and $9.76 billion, which would represent year-over-year growth of 6% to 7%.
• The Street is expecting $2.62 billion and $9.91 billion respectively.

Cryptocurrency $BTC (-0,34%)threatens slide into a bear market

• Bitcoin's price slide accelerated in the meantime on Wednesday afternoon.
• However, the oldest and best-known digital currency stabilized again recently.
• Bitcoin briefly slipped to 85,341 dollars on the Bitstamp trading platform, its lowest level since mid-November last year.
• Most recently, Bitcoin was trading at almost 87,900 dollars and thus back at the level of Tuesday evening.
• Since reaching a record high of more than 109,000 dollars in January, Bitcoin has lost around a fifth at its peak.
• From a market perspective, the cryptocurrency is in a "bear market" at this level.
• This means that prices are set to fall over a longer period of time.
• Bitcoin's most recent slide accelerated on Tuesday after the price fell below 90,000 dollars.
• This caught those investors on the wrong foot who had bet on rising prices with leveraged products.
• These investors now had to close their positions, which intensified the selling pressure in the short term.
• "Bitcoin and Co. are still in the grip of trade disputes," wrote expert Timo Emden from Emden Research.
• Investors fear further punitive tariffs by US President Donald Trump in particular, which is detrimental to general risk appetite.
• At the same time, disappointment over the lack of concrete steps to introduce strategic Bitcoin reserves in the US is likely to resonate.
• In addition, the developments of the past weekend could continue to weigh on sentiment for cryptocurrencies, Emden continued.
• A cyber attack on the service provider Bybit had caused a furor.

Amazon $AMZN (+0,25%)introduces "Alexa+" with enhanced AI functions

• With the new functions, it can converse with users and is available free of charge for Prime customers
• The new version is initially launching in the USA.
• The platform will be rolled out gradually in all countries where Alexa is currently available, enabling more natural control of smart home devices and connection to security cameras.

Snowflake $SNOW (-0,09%)exceeds estimates in the 4th quarter

• Snowflake on Wednesday reported fourth-quarter non-GAAP diluted earnings of $0.30 per share, up from $0.35 a year earlier.
• Analysts polled by FactSet had expected $0.18.
• Revenue for the quarter ended Jan. 31 was $986.8 million, up from $774.7 million a year earlier.
• Analysts polled by FactSet had expected $956.9 million.
• The company said it expects product revenue of $955 million to $960 million for the first quarter and $4.28 billion for fiscal 2026.
• Analysts were expecting $961 million for the quarter and $4.23 billion for the year.
• The stock rose more than 9% in extended trading.

C3.ai $AI (+2,99%)Q3 loss narrows and revenue increases

• C3.ai on Wednesday reported a non-GAAP diluted loss of $0.12 per share for the third quarter, down from a loss of $0.13 a year earlier.
• Analysts polled by FactSet had expected a loss of $0.25.
• Revenue for the quarter ended Jan. 31 was $98.8 million, up from $78.4 million a year earlier.
• Analysts polled by FactSet had expected $98.1 million.
• The company expects fourth-quarter revenue of $103.6 million to $113.6 million and 2025 revenue of $383.9 million to $393.9 million.
• Analysts polled by FactSet expect $108.6 million for the quarter and $388.3 million for the year.

EBay $EBAY (+0,76%)forecasts quarterly revenue

• E-commerce company eBay on Wednesday forecast first-quarter revenue below Wall Street estimates, pointing to weak demand for products such as collectibles and refurbished goods.
• Shares of eBay fell about 7% in extended trading.
• High interest rates and persistent inflation have held back consumer spending in the U.S. for two years, leading to sluggish demand for non-essential items such as collectibles and luxury accessories.
• EBay has been pressured by slowing advertising revenue.
• The company expects revenue for the quarter to be between $2.52 billion and $2.56 billion, compared with analysts' average estimate of $2.59 billion, according to data compiled by LSEG.
• The company expects first-quarter adjusted earnings between $1.32 and $1.36 per share, with the midpoint above estimates of $1.33.

Thursday: Stock market dates, economic data, quarterly figures

• ex-dividend of individual stocks
• Unilever GBP 0.38
• Diageo 0.41 GBP
• Barclays final 0.06 GBP

• Quarterly figures / company dates USA / Asia
• 22:30 HP Inc Quarterly figures
• No time specified: Edison International | The Mosaic | Dell | Autodesk quarterly figures | GE Healthcare Technologies Investor Day

• Quarterly figures / Company dates Europe
• 06:00 Adtran Networks preliminary annual results
• 07:00 Hella | Kion | Nordex | Deutsche Pfandbriefbank | Axa | ABB | Swiss Re annual results
• 07:30 Baader Bank | Befesa | Sixt | Aixtron | Hensoldt | Scout24 | Telefonica SA annual results
• 07:45 Eni SpA, Strategic Plan 2025 - 2028 | Engie SA Annual Results
• 08:00 Beiersdorf | Haleon | London Stock Exchange | Rolls-Royce Annual Results
• 09:00 Iberdrola Annual Results | Kion Analyst and Press Conference | Befesa Analyst Conference | Beiersdorf Analyst and Press Conference
• 09:30 Deutsche Pfandbriefbank BI-PK
• 10:00 Hella Analyst Conference | Scout24 PK
• 12:00 Intesa Sanpaolo detailed annual results and annual report
• 13:00 SAP Annual Report
• 14:00 Eni SpA analyst and press conference
• 15:00 Scout24 Analyst Conference
• 18:05 Saint-Gobain annual results
• Without time information: ACS | Endesa | Valeo | EDP Annual figures

• Economic data

09:00 CH: GDP 4Q FORECAST: +0.2% yoy/+1.6% yoy previous: +0.4% yoy/+2.0% yoy

09:00 ES: HICP and consumer prices (preliminary) February HICP PROGNOSE: +2.9% yoy previously: +2.9% yoy

10:00 EU: ECB, M3 money supply and lending January M3 money supply FORECAST: +3.8% yoy previously: +3.5% yoy

11:00 EU: Economic Sentiment Index February Eurozone Economic Sentiment PROGNOSE: 96.0 PREV: 95.2 Industrial confidence Eurozone PROGNOSE: -12.0 PREV: -12.9 Consumer confidence Eurozone PROGNOSE: -13.6 PREV: -13.6 PREV: -14.2

11:00 EU: Eurozone Business Climate Index February

11:30 BE: Consumer Prices February

13:30 EU: ECB, minutes of the Governing Council meeting of January 29/30

13:30 US: Richmond Fed President Barkin, speech at Fayetteville Cumberland Economic Development

14:30 US: GDP (2nd release) 4Q annualized PROGNOSE: +2.3% yoy 1st release: +2.3% yoy 3rd quarter: +3.1% yoy GDP deflator PROGNOSE: +2.2% yoy 1st release: +2.2% yoy 3rd quarter: +1.9% yoy

14:30 US: Initial jobless claims (week) FORECAST: 225,000 Previous: 219,000

14:30 US: New orders for durable goods January FORECAST: +2.0% yoy previous: -2.2% yoy

17:45 US: Fed Governor Bowman to speak at Fort Hays State University Robbins Banking Institute event

Investors are eagerly awaiting the upcoming results from Salesforce $CRM (+1,45%)which could be decisive for the future of the share and the development of AI agents. These technologies promise to manage complex processes autonomously, without human intervention. The launch of the Agentforce product in October and the positive update in December show that Salesforce is at the forefront of this innovation.

The upcoming figures, which will be published after the close of trading on Wednesday, will be a real test for the company. A positive result could not only revive the share price, which has already fallen this year, but also boost confidence in the growth and efficiency potential of AI.

Clayton Allison, Portfolio Manager at Prime Capital Financial, puts it in a nutshell: "The first hard numbers for AI agents are coming. If Salesforce delivers convincing results, this could bring the tech sector back into focus." A poor result, on the other hand, would increase concerns about the profitability of investments in AI.

The stock fell 0.9% on Tuesday and is on track for its fifth negative day in a row. However, Salesforce's previous reports were better than expected and benefited significantly from AI technology.

Hims & Hers (Monday) $HIMS (-0,04%)

Axon Enterprise (Tuesday) $AXON (+2,31%)

Cava Group (Tuesday) $CAVA

Nvidia (Wednesday) $NVDA (+4,72%)

Salesforce (Wednesday) $CRM (+1,45%)

Zoetis (Thursday) $ZTS (+1,03%)

TransMedics (Thursday) $TMDX (-1,43%)

Monster Beverage (Thursday) $MNST (+0,21%)

Rocket Lab (Thursday) $RKLB (+2,13%)

Duolingo (Thursday) $DUOL

What do you expect from these companies?