There is a little more calm on the stock market again
Nvidia, BYD is heading to South Korea, TUI confirms the CEO in office and Microsoft is already getting in the mood for the holidays”/>
Compared to last week, the markets are a little quieter again and the price fluctuations on the DAX and Co. are significantly smaller. The stock market traders seem to have digested the outcome of the election in the USA as well as the end of the traffic light, even if such developments will certainly lead to a few surprising twists and turns.
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The share price has largely been decoupled from political considerations Nvidia (US67066G1040)which in the eyes of many observers is considered a winner either way. Some shareholders took advantage of the weak trading on Wednesday to take profits and the price fell by almost 1.4 percent to 146.27 US dollars. This doesn’t change much about the furious upward trend, which, according to Piper Sandler, could lead to previously unknown heights.
The analysis house reiterated its clear buy recommendation for Nvidia and described the stock as a “must-own and a top pick among technology stocks. The price target was raised again from $140 to $175, which means new records are in prospect. Analyst Harsh Kumar is not alone with such expectations. Many observers are counting on new jumps in sales and profits due to the likely imminent introduction of new chips from the Blackwell generation.
BYD remains on course for expansion
WORLD (CNE1000062P8) Things are a little more difficult at the moment, especially in the international market, which is characterized by a moderate crisis in the automotive segment. The Chinese manufacturer is obviously not unsettled by this. As can be read in “The Shareholder”, the company now wants to gain a foothold in South Korea and is currently building a sales and service network. Commercial vehicles and buses are already available in Korea. BYD cars are expected to join them in the near future.
The market in South Korea is considered challenging and Chinese manufacturers have so far failed very reliably with their advances there. BYD’s cars are of a completely different quality than Chinese cars from previous decades. The fact that this alone does not automatically ensure sales records is shown by the rather weak growth in Europe. Perhaps this is also why shareholders held back their euphoria and BYD shares only rose by 0.9 percent to 33.08 euros yesterday.
Nothing new at TUI
The tour operator TUI (DE000TUAG505) recently dealt with its own board. The supervisory board voted on the future of CEO Sebastian Ebel and CFO Mathias Kiep. Their previous contracts would have expired in September of next year. An extension of three years has now been decided, which gives the management staff confidence. The current course is likely to be maintained in the coming years.
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On the fundamental side, what the management has achieved in recent years is certainly impressive. The numbers have improved noticeably and the future outlook is positive. But the stock marketers still don’t really trust peace. The TUI share recently failed at the 8 euro mark and fell by a further 1.1 percent to 7.55 euros yesterday.
Microsoft is getting ready for the Christmas season
Things are already contemplative Microsoft (US5949181045) to. The software giant is already warning its users that there will be fewer updates for the Windows operating system in the coming weeks. Only security updates are planned for December, but new functions will have to wait until next year. This step is justified by minimal operations during the Western holidays.
This comes as no surprise and has been a tradition at Microsoft for a long time. The company did not go into further detail as to whether this also entails restrictions in the development of cloud and AI functions. The activity of stock exchange investors is already rather manageable. Microsoft shares barely moved on Wednesday at a high, but not sensational, level. At the close of trading the ticker was $452.20; the daily increase was 0.5 percent.
The calm after the storm?
The stock markets seem to be taking a quick breather and digesting the violent developments of the last few days. Maybe this could even create a trend that lasts through the Christmas period and until the end of the year. But further disruptive developments can be expected by January at the latest, when the election campaign in this country will be in full swing and Donald Trump and his illustrious chaos squad will take over the US government. It is therefore not wrong to continue preparing for wild times.
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November 14, 2024 – Andreas Göttling-Daxenbichler
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