Exciting entry opportunity exploited.

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 (+0%) Fortinet | $NOVO B (-2,25%) Novo Nordisk | $GDDY (-1,8%) GoDaddy | $PLD (-11,21%) ProLogis | $NOW (-4,56%) Service Now

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

$PEP (+0,6%) PepsiCo | $CVX (-6,89%) Chevron | $FPE Fuchs Petrolab | $NWN (-1,71%) Northwest Natural Holding | $SAN (+0,84%) Sanofi

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

$SLB (-6,57%) Schlumberger | $BIIB (-1,07%) Biogen | $GPN (-8,24%) Global Payments | $MAKSY Marks & Spencer | $VOW (-2,95%) 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 (-13,6%) )

Identity management (e.g. Okta $OKTA (-4,48%) )

Observability tools (e.g. Datadog $DDOG (-4,97%) )

Communication technology (e.g. Twilio $TWLO (-9,87%) )

Browser integration and delivery (e.g. Cloudflare $NET (-8,62%) )

Platforms for service desk AI projects (e.g. ServiceNow $NOW (-4,56%) ) 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 (-6,05%)

Amazon $AMZN (-6,32%)

Netflix $NFLX (-1,34%)

Walmart $WMT (-1,54%)

JPMorgan $JPM (-6,91%)

Goldman Sachs $GOS0

Palantir $PLTR (-1,3%)

Blackrock $BLK

American Express $AXP (-9,43%)

Arista $ANET

Apollo $APO PR A

Blackstone $BX (-7,93%)

Booking $BKNG (-6,59%)

Instacart $INSTA (-2,48%)

Caterpillar $CAT (-7,99%)

Capital One $COF (-10%)

Discover Financial $DFS (-10,44%)

Electronic Arts $EA (+0,6%)

GE Vernova $GEV (-8,19%)

Hilton $HLT (-7,64%)

Howmet $HWM (-8,25%)

Interactive Brokers $IBKR (-7,55%)

$KKR (-12,85%)

Cheniere $LNG (-7,89%)

Morgan Stanley $MS (-8,66%)

Marriot $MAR (-9,01%)

Nasdaq $NDAQ (-4,31%)

News Corp $NWSA (-5,62%)

Oracle $ORCL (-4,83%)

Palo Alto $PANW (-2,8%)

ServiceNow $NOW (-4,56%)

Steel Dynamics $STLD (-8,71%)

Stryker $SYK (-4,14%)

Royal Caribbean $RCL (+0%)

Reddit $RDDT (-0,02%)

Trade Desk $TTD (-11,19%)

Visa $V (-2,64%)

Wells Fargo $WFC (-8,14%)

Earnings next week 🗓️

$SAP (-2,38%)

$NUE (-9,99%)

$VZ (+0,12%)

$GM (-2,99%)

$MMM (+0%)

$RTX (-4,3%)

$GE (-5,79%)

$ENPH (-5,1%)

$TXN (-8,2%)

$VRT (-7,16%)

$BA (-10,13%)

$T (-0,36%)

$KO (+0,82%)

$NEE (+0,71%)

$GEV (-8,19%)

$TMO (-5,25%)

$TSLA (-3,59%)

$LRCX (-10,47%)

$IBM (-3,23%)

$NOW (-4,56%)

$TMUS (+1,93%)

$AAL (-9,72%)

$UPS (-9,45%)

$LUV (-9,89%)

What we can expect from tomorrow:

Monday:

• SAP ($SAP (-2,38%)) Verizon, Communications ($VZ (+0,12%)) Ryanair Holdings ($RYAAY (-1,54%)),
• Truist Financial ($TFC (-11,56%)) report figures

Tuesday:

• Existing property sales (June)
• Alphabet ($GOOGL (-3,55%)), Tesla ($TSLA (-3,59%)), Visa ($V (-2,64%)), Coca-Cola ($KO (+0,82%)), GE Aerospace ($GE (-5,79%)), Comcast ($CMCSA (-4,16%)), United Parcel Service ($UPS (-9,45%)) 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 (-3,23%)), ServiceNow ($NOW (-4,56%)), AT&T ($T (-0,36%)) report figures

Thursday:

• Gross Domestic Product (GDP) (Q2)
• Durable goods orders (June)
• FigVie ($ABBV (-1,57%)), AstraZeneca ($AZN (+2,86%)), Union Pacific Corp ($UNP (-7,16%)), Unilever ($UL (+3,65%)), Honeywell International ($HON (-5,87%)) - report figures

Friday:

• Personal Consumption Expenditure (PCE) Index (June)
• Consumer Sentiment (July)
• Bristol Myers Squibb ($BMY (-3,71%)), Colgate-Palmolive ($CL (+2,27%)), 3M ($MMM (+0%)) report figures