NEW YORK (dpa-AFX) – On Wall Street, the business figures of the much-noticed US heavyweights Tesla, Apple and Facebook on Thursday caused disappointment. Although the results were mostly very positive, they did not spark any new enthusiasm for the papers, which had recently performed very well. This made investors cash in on shares in Apple and Tesla.
The papers of the electric car maker Tesla fell among the weakest values in the technology-heavy Nasdaq 100 index by around three percent to 839.77 US dollars. In the meantime, they had even dropped by more than seven percent and dropped to their lowest level since the beginning of January. However, the shares had only reached a record high on Monday at a good $ 900.
Tesla had made its sixth quarter in the black in a row and closed a full calendar year with profit for the first time. However, the company was unable to meet the high expectations of the fourth quarter, wrote market analyst Konstantin Oldenburger from the trading house CMC Marktes.
For the shares of Apple it was the bottom of the firm US leading index Dow Jones Industrial down by more than two percent. The papers of the iPhone group had also reached a high at the beginning of the week.
Apple had made a record profit in the last quarter of the year. All product lines as well as the services business contributed to the growth. The computer company brought the new iPhone 12 onto the market for Christmas business, which is equipped for the first time for super-fast 5G cellular communications and also got a new design for the first time in years.
But given the record highs of stocks, investors were no longer willing to buy. Analysts were also skeptical. The upside potential of the papers is now exhausted, judged the expert David Vogt from the Swiss bank UBS. Especially since, in his opinion, the iPhone sales show that this product is not in a “super cycle”.
The share certificates from Facebook still managed a moderate plus of 0.3 percent, but lagged significantly behind the overall market. The world’s largest online network continues to grow unchecked in the corona pandemic. However, the company spoke of “significant imponderables” in the future. During the pandemic, they still benefited from the general boost in online business. However, should this trend reverse, it will also slow the growth of Facebook’s advertising revenue.
In addition, the online network has already warned that, in view of the rapid growth in the second half of 2020, there will be foreseeable lower growth in the current year. Another factor of uncertainty is the situation regarding data transmission from the European Union. The European Court of Justice also overturned the new data protection agreement “Privacy Shield” last summer./la/jsl/he
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