As we do every week, here are the top news stories from the past week:

Monday:

CXMT made its stock market debut in China. The company instantly became the most valuable company in mainland China. The company produces DRAM (random-access memory) for smartphones and servers used in AI. As a result, its revenue surged by 700% in the first quarter.

https://www.tagesschau.de/wirtschaft/finanzen/marktbericht-boersengang-cxmt-100.html

Tuesday:

So far, AI has had no negative impact on $NEM (+1,16%) Nemetschek. On the contrary, the software group is raising its forecast for 2026 by 6 percentage points due to the HCSS acquisition. Organic growth is still estimated at 14–15%.

https://www.wallstreet-online.de/nachricht/21161519-nemetschek-se-erhoeht-2026-ausblick-hcss-uebernahme-organisch-bestaetigt

$TMV (+4,24%) TeamViewer confirms its full-year forecast and expects slight growth. On a currency-adjusted basis, revenue remained virtually flat in the second quarter. The enterprise business grew by 8%. The SME business continues to lose ground but expects to stabilize in the second half of the year.

https://www.onvista.de/news/2026/07-28-teamviewer-ausbruch-abwarten-40338625-19-26536886

Wednesday:

The Fed leaves the benchmark interest rate unchanged. Market expectations were mixed. Inflation in the U.S. is more than 1 percentage point away from the 2% target, and fuel costs are likely to rise further due to the war in Iran.

https://www.handelsblatt.com/finanzen/geldpolitik/us-notenbank-fed-laesst-zinsen-unveraendert/100242042.html

Thursday:

Germany’s economy grew in both the first and second quarters. GDP growth stood at 0.4% in the first quarter and 0.2% in the second quarter. The GDP growth of 0.2% exceeded experts’ expectations.

https://www.handelsblatt.com/politik/konjunktur/konjunktur-deutsche-wirtschaft-waechst-im-zweiten-quartal-leicht/100243747.html

At $BMW (+1,65%) BMW, profits fell by over 30% in Q2 to 1.2 billion euros. The main reason for this development is China. While BMW sold more cars in Europe and the U.S., sales in China dropped significantly.

https://www.tagesschau.de/wirtschaft/unternehmen/ueberblick-autobauer-krise-probleme-sparmassnahmen-100.html

$ADS (+3,55%) Adidas posted a loss despite record figures. Revenue reached a new record high of 6.74 billion euros. Even the World Cup finalists wore Adidas. However, marketing expenses also rose by 200 million euros to a total of 924 million euros. As a result, profits fell short of expectations.

https://m.bild.de/politik/trotz-rekordumsatz-und-trikot-boom-adidas-aktie-rauscht-17-prozent-runter-6a6b02a4b5b26399f0be0c70?t_ref=https%3A%2F%2Fwww.bild.de%2Fpolitik%2Ftrotz-rekordumsatz-und-trikot-boom-adidas-aktie-rauscht-17-prozent-runter-6a6b02a4b5b26399f0be0c70

After $ADS (+3,55%) it briefly dropped 20% yesterday, I doubled my position in that stock in my small portfolio, since Adidas has gained a solid 37% over the last three months.

Who else took advantage of the dip to buy?

Hi everyone,

Exciting opportunities keep popping up during earnings season.

I’ve taken advantage of some of these—in my opinion, in a somewhat countercyclical way—for the quality companies in my portfolio, and I hope to have $SU (-0,41%)
$ADS (+3,55%)
$ASML (+0,12%)
$SAP (+2,33%) have built up some good long-term positions. I’ll use this to make additional purchases whenever opportunities arise.

The four ETFs in my portfolio remain the foundation for the long term.

If I ask the AI, my portfolio is missing a position in the bond class.

I’d personally like to allocate a moderate portion of $ERNA (-0,29%) as a reserve.

What are your thoughts on bonds/bond ETFs, and do you have a recommendation for my portfolio that would serve as a suitable liquidity/cash reserve?

Best regards and have a great weekend

$MC (+1,77%)
$MBG (+2,89%)
$ULVR (+0,9%)
$PYPL (+0,62%)
$NBIS (+1,8%)
$SPGI (-0,11%)
$UPS (-0,23%)
$KO (-0,7%)
$GLW (+2,48%)
$BA (+0,68%)
$KER (-0,79%)
$ENPH (+1,23%)
$NXPI (+0,06%)
$STX (+1,22%)
$BE (-0,06%)
$V (+0,28%)
$MDLZ (+0,08%)
$000660
$P911 (+1,12%)
$BN (+0,09%)
$RMS (+1,61%)
$BAS (+0,35%)
$AG1 (-0,92%)
$LMND (+0,52%)
$SOFI (+0,87%)
$NDX1 (-3,46%)
$TER (+0,92%)
$GD (+0,3%)
$APH (+1,22%)
$AIR (+2,78%)
$SBUX (+0,72%)
$CMG (+0,15%)
$META (+1,51%)
$FTNT (+0,83%)
$QCOM (+0,94%)
$LRCX (+1,31%)
$HOOD (+1,13%)
$ARM (+1,22%)
$MSFT (+0,79%)
$CVNA (+1,27%)
$005930
$SU (-0,41%)
$INGA (-1,36%)
$OR (+0,38%)
$BMW (+1,65%)
$BATS (-0,21%)
$MA (-0,58%)
$ADS (+3,55%)
$SHEL (-1,54%)
$RACE (+1,08%)
$RDDT (+1,23%)
$TEM (+1,41%)
$COIN (+0,06%)
$AAPL (-0,32%)
$AMZN (+1,08%)
$CCO (+1,57%)
$LIN (+0,72%)
$ABBV (+0,21%)
$PUM (+2,23%)
$HAG (+6,19%)
$XOM (-2,81%)
$CVX (-1,6%)

$RHM (+1,87%) It has reached a stable position, but will not be funded for the time being. Thanks to $MNST (+0,16%) , $BAC (+0,76%) and $ADS (+3,55%) the loss has been manageable given the size of the portfolio. For me, the future still lies more in consumer stocks, as well as expanding my ETF holdings.

Who knows what other great ideas I’ll come up with for these speculative stocks :D

As we do every Sunday, here are the top news stories from the past week:

Monday:

Elon Musk may have raked in billions from SpaceX’s $SPCX (+0,57%) SpaceX, but apparently the money isn’t enough for his AI ambitions, so he’s launching a $20 billion bond program. This isn’t going over well with SpaceX investors. The bonds are expected to yield about 5–6% interest.

https://www.manager-magazin.de/unternehmen/tech/spacex-raumfahrtfirma-plant-anleiheemission-ueber-20-milliarden-dollar-a-a53d0f6c-f213-46e1-b2f0-ba302b56c037

Tuesday:

DB has once again outdone itself and hit an all-time low. For hours overnight, no trains ran in Germany. Other former state-owned corporations, such as $DHLGY (+0%) Deutsche Post (DHL) or $DTE (+3,13%) Deutsche Telekom, do not face comparable problems. Perhaps we should consider further privatization of DB or follow the Swiss model (where local municipalities also have a say at the regional level).

https://www.tagesschau.de/wirtschaft/unternehmen/deutsche-bahn-stoerung-zugfunk-100.html

Wednesday:

$ADS (+3,55%) Adidas is reportedly selling three times as many DFB jerseys as it did in Qatar in 2022. This may be partly because people can now actually wear the DFB jersey. The switch to $NKE (-0,59%) Nike could also be a factor.

https://www.handelsblatt.com/arts_und_style/lifestyle/wm-2026-deutschland-trikots-laut-adidas-boss-begehrt-wie-nie/100231388.html

$VOW3 (+2,05%) Volkswagen is selling a majority stake in Everllance to Bain, reaping billions in the process. Everllance has so far been carried on the balance sheet at a value significantly below its market value, which is likely to result in an extraordinary profit of several billion.

https://www.zeit.de/wirtschaft/unternehmen/2026-06/volkswagen-everllence-bain-capital-grossmotoren-verkauf-gxe

Thursday:

$BAYN (-1,29%) Bayer appears to have pulled off a major victory. The agricultural and pharmaceutical company won its case before the U.S. Supreme Court. The court ruled that regulations set by federal agencies take precedence over state laws. As a result, thousands of lawsuits alleging insufficient cancer warnings have lost their legal basis.

https://www.spiegel.de/wirtschaft/unternehmen/bayer-gewinnt-glyphosat-streit-in-den-usa-vor-supreme-court-a-42b636b2-e059-4560-95c9-5433ee192e62

$ADS (+3,55%)

$ADS (+3,55%)

$VZ (+1,79%)
$DPZ (+0,17%)
$CDNS (+0,36%)
$BARC (+0,98%)
$SPOT (+0,46%)
$BP. (-2,37%)
$SPGI (-0,11%)
$KO (-0,7%)
$UPS (-0,23%)
$AIR (+2,78%)
$SBUX (+0,72%)
$ENPH (+1,23%)
$NXPI (+0,06%)
$STX (+1,22%)
$BE (-0,06%)
$V (+0,28%)
$MDLZ (+0,08%)
$HOOD (+1,13%)
$MBG (+2,89%)
$UBSG (+0,57%)
$DBK (+0,97%)
$LMND (+0,52%)
$SOFI (+0,87%)
$TER (+0,92%)
$ADS (+3,55%)
$ABBV (+0,21%)
$G24 (-0,4%)
$WM (+0,24%)
$APH (+1,22%)
$CMG (+0,15%)
$GOOG (+0,91%)
$META (+1,51%)
$MSFT (+0,79%)
$AMZN (+1,08%)
$005930
$BAS (+0,35%)
$SU (-0,41%)
$INGA (-1,36%)
$ULVR (+0,9%)
$IDR (+3,11%)
$DHL (+0,24%)
$CAT (+1,54%)
$MA (-0,58%)
$PUM (+2,23%)
$MRK (+0,32%)
$CNHI (+2,42%)
$LLY (-0,31%)
$FSLR (+1,2%)
$WDC (+0,65%)
$RBLX (+0,32%)
$RDDT (+1,23%)
$SNDK (+1,91%)
$AAPL (-0,32%)
$TWLO (+0,94%)
$EL (+0,54%)
$CL (-0,31%)
$XOM (-2,81%)
$CVX (-1,6%)