Better-than-expected inflation figures are making equity investors eager to buy today. It is increasingly likely that central banks, here and there, will have finished raising rates. The AEX is once again making a nice profit, and the mood on Wall Street is also fairly cheerful, after the roof finally came off yesterday.
Current market expectations for path of the Fed Funds Rate…
-Dec 13, 2023: Pause
-Jan 31, 2024: Break
-Mar 20, 2024: Pause
-May 1, 2024: 25 bps cut to 5.00-5.25%
-Additional cuts to 3.80% by Nov 2025 pic.twitter.com/lT8bAakj7b— Charlie Bilello (@charliebilello) November 15, 2023
Winner of the day is Prosus (+5.84%). The South African investment vehicle has a stake of more than 25% in Tencent, making the Chinese tech giant by far the most important share position. In fact, the stake in Tencent is worth approximately 12% more than Prosus as a whole. A movement in Tencent shares therefore has major consequences for the share price of the Prosus. Today the Chinese have good news to report, because the company managed to significantly increase its turnover and profitability in the third quarter, so Prosus is also flying away. Is it still worth getting on the Prosus train? Read Niels Koerts’ analysis.
Profit jump from Tencent helps Prosus make significant progress on IEX Premium via @IEXnl
— IEX Investors Desk (@Beleggersdesk) November 15, 2023
More analyzes from the IEX Investor Desk:
Analyst Hildo Laman sees numerous risks for the Belgian company Agfa-Gevaert (+0.72%), at the top and bottom. That does not lead to cowardly holding advice. What? Read the verdict here.
There are bright spots, but uncertainty remains IEX Premium via @IEXnl
— IEX Investors Desk (@Beleggersdesk) November 15, 2023
Still a somewhat unpleasant surprise Pharming (-1.48%) at the end of last week. Joenja’s application for admission to Europe is being delayed. Reason: the EMA has come up with a second list of additional questions. As a result, a decision on admission will not be made until the first quarter of 2024 at the earliest. Is that bad? That is what analyst Martin Crum calculates.
Pharming receives a second set of additional questions from the EMA IEX Premium via @IEXnl
— IEX Investors Desk (@Beleggersdesk) November 15, 2023
You want to benefit from a further price increase of Just Eat Takeaways? Hildo Laman has specially designed an attractive option construction for this purpose. No, it’s not a butterfly. More than the stake cannot be lost.
Option position aimed at large increase in IEX Premium price via @IEXnl
— IEX Investors Desk (@Beleggersdesk) November 15, 2023
Top 3 strongest decliners and gainers Damrak
ASML (+1.05) continues its advance after more and more positive chip news is reported worldwide. ASMI (+1.45%) and Besi (+2.16%) rose even faster today. Certainly investors in Besi should get a fear of heights at some point.
Adyen (-1.04%), time for a small step back after the exuberance of the last few days.
Ahold Delhaize (-0.90%) has been removed from the buy list by investment bank Morgan Stanley.
Just Eat Takeaway (+3.34%), the grocery delivery company is making an impressive rally. You don’t have to be a TA specialist to understand that we are dealing with a real outbreak here. Lower interest rates are the main cause.
GOES Peet’s (-3.94%). Douwe Egbert’s mother is in bad shape today.
Accomodation (-3.0%) drops sharply due to some rumblings at the top of the company and a failed cocoa deal, analyst Martin Crum already reported extensively on this last Monday.
Broad markets
Just before six, the European stock markets closed in the green and the American stock markets fell to yesterday’s closing position. The dollar, which lost a lot against the euro yesterday, is recovering somewhat. The various oil prices are all falling. The gold price is doing remarkably little.
Annuities
American ten-year: 4.53% (+1.95%) Dutch ten-year: 2.95% (+0.97%) German ten-year: 2.63% (-0.04%) British ten-year: 4.25% ( +2.33%) Italian ten-year: 4.43% (-0.14%) Japanese ten-year: 0.80% (-0.31%)
Reference date: 5:30 PM
Special IEX Election Podcast
In a special IEX Election Podcast, five parties are put to the test. Voting: it’s like investing. You want to, but which assets or party do you choose? Maybe this extra IEXBeleggersPodcast will help you out.
Macro news
US inflation is falling across a broad front
More good news on the inflation front – PPI data generally came in lower than expected. pic.twitter.com/MrUHnaCDut
— Kathy Jones (@KathyJones) November 15, 2023
EU economic growth adjusted downwards
EU cuts Eurozone 2023 GDP forecast to 0.6%, down from a Sep forecast of 0.8%. Sees 1.2% growth in 2024, a downward revision from 1.3%, and 1.6% in 2025. (Chart via BBG) pic.twitter.com/MsQyea1dTF
— Holger Zschaepitz (@Schuldensuehner) November 15, 2023
Latest stock recommendations
Cheerful purchasing advice for Alfen, TKH, AIR France, Fugro, RWE and a number of car manufacturers.
Bron:Guruwatch
Agenda 15 november 2023
Dutch company figures:
Foreign company figures:
Macro figures:
And then this
Painful! Always being right is difficult.
??BREAKING NEWS??
Michael Burry has closed his “$1.6 billion dollar notional value” S&P 500 and NASDAQ short position for an estimated 40% loss pic.twitter.com/FUkeL0OykI
— Grit Capital (@Grit_Capital) November 14, 2023
Rob Stallinga is a financial journalist. The information in his articles is not intended as professional investment advice or as a recommendation to make certain investments.
2023-11-15 17:03:00
#IEX #closing #call #Wednesday #November #IEX.nl
