In the still young year, the DAX has already recorded 16 record highs, the last one only yesterday. Most other stock market indices are also close to their all-time highs.

Where can you still invest now?

Handelsblatt experts have analyzed 1,000 stocks worldwide and identified 15 recommendations in three categories:

• Five shares of companies that are growing strongly over the long term but are still reasonably valued

$FTNT (-3,08%) Fortinet | $NOVO B (+5,32%) Novo Nordisk | $GDDY (-1,48%) GoDaddy | $PLD (+1,06%) ProLogis | $NOW (-2,3%) Service Now

• Five shares of companies that have been paying rising dividends for at least 20 years thanks to their earnings power

$PEP (+3,26%) PepsiCo | $CVX (-0,58%) Chevron | $FPE Fuchs Petrolab | $NWN (+1,51%) Northwest Natural Holding | $SAN (+0,91%) Sanofi

• Five shares of companies that have plummeted on the stock market but have an intact business model and turnaround potential

$SLB (-1,54%) Schlumberger | $BIIB (+2,62%) Biogen | $GPN (-1,89%) Global Payments | $MAKSY Marks & Spencer | $VOW (-0,15%) Volkswagen

Detailed analysis can be found at "Handelsblatt"

Source: Handelsblatt | Image: ChatGPT

... of infrastructure software.

The low cost of training and inference of the new model could trigger a new wave of AI adoption by improving the economics of AI projects and thus enabling wider use.

Increasing demand through lower costs:

DeepSeek's model offers superior inference performance at a disruptively low cost, which is expected to increase demand for AI solutions.

Bernstein points to previous examples, such as OpenAI's 4o-mini model, which promised lower prices with higher quality and increased usage by 50% within a quarter. Such effects could also occur again with DeepSeek.

Winners at the software infrastructure level:

Despite lower computational intensity, higher demand leads to opportunities for software vendors that provide the infrastructure for AI projects. This includes areas such as:

Data infrastructure (e.g. Confluent $CFLT (-5,23%) )

Identity management (e.g. Okta $OKTA (-1,66%) )

Observability tools (e.g. Datadog $DDOG (-4,67%) )

Communication technology (e.g. Twilio $TWLO (-2,53%) )

Browser integration and delivery (e.g. Cloudflare $NET (-2,1%) )

Platforms for service desk AI projects (e.g. ServiceNow $NOW (-2,3%) ) could also benefit, especially if they introduce a consumption-based pricing model that covers inference costs.

All of these shares reached new ALL-TIME HIGHS at some point today ⤵️

Nvidia $NVDA (-3,63%)

Amazon $AMZN (-2,39%)

Netflix $NFLX (-1,73%)

Walmart $WMT (-2,31%)

JPMorgan $JPM (-0,57%)

Goldman Sachs $GOS0

Palantir $PLTR (-3,33%)

Blackrock $BLK

American Express $AXP (-2,31%)

Arista $ANET

Apollo $APO PR A

Blackstone $BX (-3,26%)

Booking $BKNG (-5,35%)

Instacart $INSTA (-0,27%)

Caterpillar $CAT (-2,26%)

Capital One $COF (-2,3%)

Discover Financial $DFS (-2,44%)

Electronic Arts $EA (+1,45%)

GE Vernova $GEV (-8,21%)

Hilton $HLT (-2,82%)

Howmet $HWM (-5,88%)

Interactive Brokers $IBKR (-2,25%)

$KKR (-1,3%)

Cheniere $LNG (-2,15%)

Morgan Stanley $MS (-1,6%)

Marriot $MAR (-1,49%)

Nasdaq $NDAQ (-0,87%)

News Corp $NWSA (-1,45%)

Oracle $ORCL (-4,33%)

Palo Alto $PANW (-3,05%)

ServiceNow $NOW (-2,3%)

Steel Dynamics $STLD (-2,84%)

Stryker $SYK (-0,56%)

Royal Caribbean $RCL (-3,06%)

Reddit $RDDT (+0,01%)

Trade Desk $TTD (-4,67%)

Visa $V (-0,16%)

Wells Fargo $WFC (-1,02%)

Earnings next week 🗓️

$SAP (-1,87%)

$NUE (-2,98%)

$VZ (+1,11%)

$GM (-2,75%)

$MMM (-2,37%)

$RTX (-1,21%)

$GE (-4,03%)

$ENPH (-1,43%)

$TXN (-0,26%)

$VRT (-7,34%)

$BA (-1,57%)

$T (+2,01%)

$KO (+2,3%)

$NEE (+2,37%)

$GEV (-8,21%)

$TMO (-0,59%)

$TSLA (-4,32%)

$LRCX (-3,19%)

$IBM (-0,47%)

$NOW (-2,3%)

$TMUS (+0,32%)

$AAL (-2,99%)

$UPS (+0,29%)

$LUV (-1,75%)

What we can expect from tomorrow:

Monday:

• SAP ($SAP (-1,87%)) Verizon, Communications ($VZ (+1,11%)) Ryanair Holdings ($RYAAY (+1,4%)),
• Truist Financial ($TFC (-1,73%)) report figures

Tuesday:

• Existing property sales (June)
• Alphabet ($GOOGL (-2,28%)), Tesla ($TSLA (-4,32%)), Visa ($V (-0,16%)), Coca-Cola ($KO (+2,3%)), GE Aerospace ($GE (-4,03%)), Comcast ($CMCSA (+0,26%)), United Parcel Service ($UPS (+0,29%)) report figures

Wednesday:

• S&P Global Flash Composite U.S. PMI (July)
• New real estate sales (June)
• Advance International Trade (June)
• Advance retail inventories (June)
• Advance wholesale stocks (June)
• Thermo Fisher Scientific ($TMO), IBM ($IBM (-0,47%)), ServiceNow ($NOW (-2,3%)), AT&T ($T (+2,01%)) report figures

Thursday:

• Gross Domestic Product (GDP) (Q2)
• Durable goods orders (June)
• FigVie ($ABBV (+0,94%)), AstraZeneca ($AZN (+1,03%)), Union Pacific Corp ($UNP (-0,01%)), Unilever ($UL (+1,42%)), Honeywell International ($HON (+0,19%)) - report figures

Friday:

• Personal Consumption Expenditure (PCE) Index (June)
• Consumer Sentiment (July)
• Bristol Myers Squibb ($BMY (+0,76%)), Colgate-Palmolive ($CL (+2,47%)), 3M ($MMM (-2,37%)) report figures

Economy on 25.04.2024...

Recovery stopped right away? Meta falls, despite solid figures...⤵️

Tuesday led us to believe that the correction, if it is one at all, has already come to an end and the recovery is underway. Economic data from the USA also look good and many investors were already very euphoric again.

Was that too early?

Was it just a fake breakout?

Was yesterday's setback too exaggerated?

These are questions that you always ask yourself. The stock market is not a one-way street. I stopped out a few shorts on Tuesday that would have made too much money yesterday or tonight. The stock market can be that simple :D

It's always good to have some cash in your portfolio for moments like this. It always lets you sleep well and the money management for the risk area in the portfolio has to be right. Let's see how the market continues today and how we go into the weekend. For now, let's take a look at tonight's figures.

$META (-1,11%)
Meta Platforms
first quarter EPS of $4.71 beats analyst estimates of $4.32. Revenue of $36.46bn beats expectations of $36.14bn. Meta sees second quarter revenue of $36.5-39bn (consensus $38.25bn). Meta raises CAPEX outlook for FY 2024 from $30-37bn to $35-40bn. Active users increase by 7% but spending also increases by 6%. As a result, the outlook for Q2 is somewhat weaker.

$IBM (-0,47%)
IBM
beats analyst estimates of $1.58 in the first quarter with earnings per share of $1.68. Revenue of $14.46 bn below expectations of $14.51 bn. IBM confirms guidance for 2024 and expects revenue growth in the mid-single digits. Still sees free cash flow of $12 billion.

$F (-0,67%)
Ford Motor
First quarter earnings per share of $0.49 beat analyst estimates of $0.42. Revenue of $42.8bn below expectations of $42.94bn.

$CMG (-2,73%)
Chipotle Mexican Grill
first quarter earnings per share of $13.37 beat analysts' estimates of $11.65. Sales of $2.7 billion beat expectations of $2.67 billion.

$WM (-0,95%)
Waste Management Inc.
(Del.) first-quarter EPS of $1.75 beat analysts' estimates of $1.50. Revenue of $5.16 billion beat expectations of $5.21 billion.

$LRCX
Lam Research
third quarter EPS of $7.79 beats analysts' estimates of $7.29. Revenue of $3.79 billion beats expectations of $3.72 billion.

$NOW (-2,3%)
ServiceNow
first quarter earnings per share of $3.41 beat analyst estimates of $3.15. Revenue of $2.6 billion beat expectations of $2.59 billion.

The trading day today will also have a lot to offer:

Economic data

08:00

DE: GfK consumer climate indicator April FORECAST: -26.0 points previously: -27.4 points

DE: Construction industry, new orders and sales, February

08:45

FR: Business Climate Index April PROGNOSIS: 103 previous: 102

14:30

US: GDP (1st release) 1Q annualized FORECAST: +2.4% yoy Q4: +3.4% yoy GDP deflator FORECAST: +3.0% yoy Q4: +1.6% yoy

• US: Initial jobless claims (week) FORECAST: 215,000 previous: 212,000

ex-dividend of individual stocks

RTL GROUP 2.75 EUR

Quarterly figures / Company dates USA / Asia

01:30 SK Hynix quarterly figures

07:00 Hyundai quarterly figures

12:30 Caterpillar | Merck & Co | Honeywell

13:00 American Airlines quarterly figures

14:00 Dow Inc quarterly figures

22:01 Microsoft | Intel quarterly figures

22:30 Alphabet | T-Mobile US quarterly figures

Quarterly figures / Company dates Europe

01:30 SK Hynix quarterly figures

06:30 BASF | Redcare Pharmacy | Equinor

06:30 Holcim Trading Update 1Q

07:00 Deutsche Bank | DWS Group | Hella | Hellofresh

07:00 Kion Group | Wacker Chemie | BNP Paribas | Takkt

07:00 Vossloh | STMicroelectronics Quarterly figures

07:15 Nestle 1Q sales

07:30 Aixtron | Atoss | Befesa | Delivery Hero | Symrise

07:30 Baader Bank | Drägerwerk | Pfeiffer Vacuum

07:30 SNP Schneider | Sanofi | Schneider Electric

07:30 Andritz | Adyen quarterly figures

08:00 DFV Deutsche Familienversicherung | LPKF Laser

08:00 Hermes International | Repsol

08:00 Astrazeneca | Barclays quarterly figures

09:00 KSB 1Q results

10:00 BASF | Hella | Munich Re | Schaeffler

10:00 Hamborner Reit AGM

14:30 Hochtief AGM

17:45 Vinci 1Q sales | Airbus quarterly figures

18:00 Flatexdegiro quarterly figures

18:00 Saint-Gobain Turnover 1Q

#meta
#microsoft
#ibm
#alphabet
#intel
#tmobile
#tmobileus
#quartalszahlen
#quartalsbericht
#aktien
#börse
#finanzen
#news
#nachrichten

Servus,

which (software) companies do you think will benefit the most from AI development and why?

I mean really in the end application, so please no chip manufacturers, data centers etc. (shovel sellers).

For example, I think there will be companies like. $NOW (-2,3%) or Hubspot (linking doesn't want to work😅). The workflows here are automated even further by AI, for example, and companies save employees in that they also run the already good software in a much more automated way.

I have been invested in ServiceNow for a long time, and I have Hubspot on my list.

Can you think of any less obvious winners in AI development in the end-use space? Where you might not even think about it yet?