Attempt to break out last week, slowed down and back to the beginning at the end. Nothing burned, but also not taken off. While most quarterly reports were initially able to surprise positively or at least the companies were able to live up to their expectations,
After the close of trading on Thursday, the two tech giants Apple and Amazon gave rather sobering numbers. Heavy mortgage for a “year-end rally”. Starbucks also had to pay tribute to China. In Germany it was rather vain: forecast increases, record sales and a pinch of takeover speculation at Qiagen on Friday. So far, supply bottlenecks have had little impact on companies’ quarterly results, but the warnings are getting louder. And what next? Anything is possible: the real estate crisis in China could “land softly”. At least hope is increasing after Evergrande was able to make some interest payments recently. Inflation concerns remain and the associated fear of “too brutal intervention” by the central banks. This contrasts with the previous communication between the most important central bank managers. Who believes in corrections:
“Defensive stocks”. PART 1: DEFAMA, Deutsche Konsum REIT and Noratis. Three real estate stocks that should stay on course even when the stock market turmoil.
“Defensive stocks”. PART 2: Encavis, PNE and BayWa. Three ESG values with continuously growing hidden reserves. Well prepared for more volatile stock market times.
It started last Saturday – as always – with the Weekly review and outlook: KW42 lays the groundwork for year-end rally? Steinhoff, Mutares, NanoRepro, publity, Nel, Encavis,… deliver news.And the revival of the hydrogen values was “underlined” by the IEA:Nel’s optimistic mood through Q3 and the potential order pipeline could be confirmed and accelerated by an IEA study
ADDENDUM 10/30/2021, 7:00 p.m .: publity’s half-yearly figures show cluster risk and raise questions
Monday
After starting at 15,580.58 points, unexcited trading ended at 15,599.23 points. Hydrogen lives, also for the big ones: Daimler Truck receives road approval for H2 trucks. Nonetheless, NIKOLA is way ahead. At least 3 years. – still? Exciting insights granted: EXCLUSIVE INTERVIEW with CTO and CFO of TubeSolar AG. Start of production in 2022, interesting niche approach with charm.
and In Q3, Bechtle AG made significantly more profit than expected and is “fully on track” with sales increasing by 8%. While others give the all-clear: Media and Games Invest could cope with the challenges of the changed AppleStore policy, delivery bottlenecks and advertising downturn, and even benefit.And the ATOSS Software AG is looking forward to the next record year – sales, cloud share and recurring sales – everything fits in Q3.
EXPECTED DISASTER OCCURRED – and no response from the company until the end of the week: Eyemaxx Real Estate AG cannot pay due bond interest of EUR 1.5 million. Was that it? Of course, the balance sheet is still not available.
Tuesday the train seemed to pick up speed – year-end rally ahead?
On Tuesday the DAX started at 15,652.91 points and made its way to end the day at 15,757.06 points. Was that the longed-for breakthrough out of the course of the past few weeks? The news situation was very good: Evotec’s expectations for the nine-month figures show strong sales increases and profit-burdening expenses for the start of production in the US. And also the Pfeiffer Vacuum with very strong nine-month figures “must” raise the forecast again. Semiconductors are the turbo. the Kion remains on course. Heidelberg reported progress on this: Heidelberger Druck relies on e-mobility and is expanding its business with charging boxes. And targets foreign markets. But what is not enough for PLATOW: Heidelberger Druckmaschinen shares are not a buy for Platow Brief. Significance / revenue share of the wallbox hopeful division too low in the context.
EXCITING: Self-confident CEO of Mensch und Maschine SE in an EXCLUSIVE INTERVIEW. “We don’t need any extra earnings drivers.”
The question that one has to ask oneself in view of the current development is less beautiful: Eyemaxx Real Estate AG cannot pay due bond interest of EUR 1.5 million. Is bankruptcy coming now? Or succeed …
And back a little on Wednesday. But not a sprint to new highs, rather …
After starting at 15,725.40 points, it closes slightly lower at 15,705.81 points. Hydrogen stocks are experiencing their revival. Reasons? Maybe also: Bloom Energy with USD 4.5 billion contract, Nel with new US customer. Life in the hydrogen sector again, stocks take off. Summary of the last quarterly reports: Evotec, Pfeiffer Vacuum, Kion, K + S US with convincing figures – fodder for year-end rally …
With a laughing and a crying eye:Deutsche Industrie REIT-AG becomes Dutch. Takeover offer “in shares” is attractive. Majority already secured. When a stock “has a run” there is usually more than one reason: Encavis share continues to recover. First 12.5 MW solar park is under construction – from the Danish 500 MW + development portfolio.
Thursday further down, but only a few points …
… opened at 15,681.52 points and closed at 15,696.33 points. And further in the round of positive news: Wacker Chemie delivers record sales in the third quarter and expects an “excellent year”. All divisions run smoothly. Also good: Nabaltec increases sales forecast. As expected: LPKF delivers weak nine-month figures and at the same time confirms the annual forecast. at the lower end of the respective bandwidths.
Friday “Apple / Amazon” headache
15,579.90 points at the start, then first taken the 15,600 mark to fall below the 13,500 mark a little later and finally closed at 15,688.77 points on the XETRA basis. Then it went even higher up to 15,719.10 at 10:00 p.m. Justice crime on the back of the stakeholders? Steinhoff shareholders need patience. Time that Steinhoff doesn’t actually have. Yesterday partial success in front of high court after a heavy blow.
Today we have an exclusive interview with the CEO of Biofrontera, yesterday there was Biofrontera wants USD 18 million for US expansion. Subsidiary starts IPO on NASDAQ. Otherwise a lot of positive things on Friday: Surteco – sales increase, essential. and Fuchs Petrolub – traffic lights on green. While the RIB grows, the shareholders are “thrown away” by a squeeze out. And the Nabaltec increases sales forecast. While the GK is growing almost into new dimensions with two important new customers.
ADDENDUM 10/30/2021, 7:00 p.m .: publity’s half-yearly figures show cluster risk and raise questions
Monday started at 15,580.58 points and on Friday the market closed at 15,688.77 points. The bottom line was little change – the music was playing in America – the big techs reported. They took off earlier in the week, but on Thursday Amazon and Apple delivered more of a cold shower. And so it stays that way: The stock markets are slowly facing a directional decision: The big issues remain. And here are some predetermined breaking points for a further unchecked price increase. On the other hand, there is currently a relatively great deal of caution in the market. Even if some have already consulted the statistics and see further price increases by the end of the year, you can also hear the warning voices. The valuation ratios of the – larger – DAX are historically very high. Of course, this is also due to the newcomers who “pushed the numbers up”. It probably depends on whether the next news on the fronts of “real estate developer China”, tapering, inflation, the US infrastructure package and quarterly figures are viewed positively or negatively. Purchasing power is on the market, but the pure buy the dip and “don’t want to miss anything” are no longer the only things that shape it. So:
OPEN EYES.
ADDENDUM 10/30/2021, 7:00 p.m .: publity’s half-yearly figures show cluster risk and raise questions
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