With the actual exercise simply effectively after the closing of Amsterdam, it may not be an incredible buying and selling day on the Damrak, we already knew that the AEX made a variety of effort immediately and simply fell to a decrease stage ( -0.11%) close to 910.52.
Not that there was nothing to do in any respect, however we needed to enter the small and medium sector at Beursplein 5. There, for instance, the development firm Heijmans has an entire file 12 months. With a rise of +67% since January 1, CEO Ton Hillen will not be solely smiling on the small cap index as a complete, but in addition on all the tech sector, which has a variety of pleasure in Amsterdam.
At this time’s technique replace was once more overwhelmingly constructive with traders. Heijmans got here up with bold targets that had analysts on their toes: €3 billion in turnover in 2027, an Ebitda margin of seven% to 9%, and a dividend payout of fifty% of revenue.
The Heijmans press launch this morning was accompanied by a set of ‘heavy statements’ (as Heijmans calls them), which embrace not solely monetary targets, but in addition sustainability, worker satisfaction and variety targets. And one other attention-grabbing one:
- In 2030, 50% of Heijmans staff could have a task that didn’t but exist in 2020.
Whereas Heijmans continued his profitable march in 2024, Aalberts was the bitten canine. This morning’s quick buying and selling replace – half an A4 web page – confirmed that Aalberts has began the 12 months weakly, with a decline in natural turnover of two.6%. That is barely greater than analysts anticipated.
That isn’t a trigger for concern, says analyst Martin Crum: Aalberts may be very sturdy financially and might overcome a interval of financial decline with none issues. What the numbers imply for his recommendation you’ll be able to learn right here.
Fed as help perform
In any case, the actual motion solely continues tonight, with the at all times eagerly-spent Fed minutes simply the help act Sure. After Wall Avenue closes, Nvidia will launch quarterly outcomes and everyone seems to be gearing up for that.
Final 12 months, these Q1 figures had been one of many beginning factors for the large rally in AI shares and Nvidia itself specifically. In accordance with an analyst from Deutsche Financial institution, Nvidia’s figures are actually “probably the most vital occasions on the financial agenda”.
The chip maker should after all meet expectations and ideally beat them by a large margin to advance the market. It is also anybody’s guess what occurs if a setback comes again. For what it is value, listed here are the scores from the previous:
$NVDA on BEATEN consensus forecasts by avg. to +19.5% over the past 4 quarters in 2023, with inventory motion as follows:
This autumn: Beat by 11.8%, inventory +16.4%
Q3: Beat by 19.1%, inventory -2.46%
Q2: Beat by 28.8%, inventory +0.1%
Q1: Beat by 18.4%, inventory +24.3%The implied shifting common for the…
– Wall St Engine (@wallstengine) Could 22, 2024
Nvidia is buying and selling barely decrease immediately (for that share): -0.6%. Analyst Ivo Breukink gave our subscribers a preview of what to anticipate from Nvidia.
Nvidia will open the books once more on Wednesday evening. The quarterly present is essentially the most anticipated on Wall Avenue and merchants exterior of it. Will Nvidia handle to dwell as much as the lofty expectations? https://t.co/P3uuOdC23L
– IEX Traders Desk (@Beleggersdesk) Could 20, 2024
The broad market
- The uproar was certainly among the many small caps: AScX is at +1.3%, because of Heijmans and NX Filtration
- At -0.1%, the AEX compares effectively with different European inventory exchanges
- Wall Avenue can also be just a little nervous within the ready room: S&P 500 fraction empty, Nasdaq barely increased
- The greenback is strengthening a bit, however EURUSD remains to be comfortably above $1.08
- The value of oil goes down: Brent is now beneath $82
- Bitcoin is again above $70K, gold is again beneath $2,400
Builders & Fallers
High 3 and flop 3 of the Damrak:
- UMG rises 2.8% with out important information; The change within the share worth was HSBC
- DSM-Firmenich (+0.9%) can also be doing effectively, primarily based on recommendation from Morgan Stanley
- ASML and ASMI hardly transfer in time as much as Nvidia’s figures, Besi remains to be trying ahead to it: +0.9%
- Backside fishermen search for Alfen (+5.1%) at low water, after yesterday -15%
- Alberts’ Q1s (-3.2%) they had been just a little determined
- As Obtain the bold technique van Heijmans doing effectively: +8.8%
- NX filtering is simply barely higher within the small cap nook
From the agenda
Probably the most tough capacity market movers coming tonight, within the type of Nvidia and the Fed minutes, however there are many attention-grabbing issues on the agenda tomorrow as effectively. Buying supervisor information in Europe and the US give a sign of the state of the financial system and Ahold CEO Frans Muller reveals his strategic plans: will that American takeover nonetheless occur? And what’s Bol.com’s plan?
- 20:00 Federal Reserve Notes (VS)
- 10:00 PM Nvidia Q1 numbers
- 10:00 PM Snowflake Q1 numbers
- 01:30 Could Composite Buying Managers’ Index (Jap)
- 06:30 Investments March (NL)
- 08:00 Shopper confidence in Could (NL)
- 08:00 Ackermans & Van Haaren figures Q1
- 09:30 Composite Buying Managers’ Index Could (Dld)
- 09:30 Ahold Delhaize – investor day
- 10:00 Composite Buying Managers’ Index Could (Eurozone)
- 10:30 Composite Buying Managers’ Index Could (UK)
- 11:00 Alberts – annual assembly
- 13:00 Turkish Central Financial institution – rate of interest determination
- 2:00 PM Van Lanschot Kempen – annual assembly
- 2:30 PM Assist Requests – Weekly (US)
- 14:30 Chicago Fed-index in April (VS)
- 15:45 Composite Buying Managers’ Index Could (US)
- 4:00pm New Residence Gross sales in April (US)
After which this
The 25 largest corporations in market worth. 21 American corporations, first European as a substitute of 17, first Dutch title as a substitute of 20
The 25 finest shares on this planet ranked by market worth. pic.twitter.com/CC4f16xo75
– Corné van Zeijl (@inventory analyst) Could 22, 2024
Caps are small – or will they keep? – free
???? Analysis
For long-term traders seeking to diversify their funding portfolios, small caps might be a pretty choice as they provide comparatively cheaper valuations in comparison with giant caps.
?? https://t.co/14i5SQVCfdh/t @BofAML #analysis #alternatives $rut #small caps # inventory pic.twitter.com/zfrx53N0M6
— ISABELNET (@ISABELNET_SA) Could 21, 2024
To play the subsequent stage of the AI revolution, asset managers are setting their sights on utilities, information suppliers and copper mines
European inventory pickers are turning to extra established sectors corresponding to utilities, skilled information suppliers and even copper miners to faucet into the subsequent wave of the AI increase, a 12 months after AI chipmaker Nvidia emerged as a driving drive. Extra right here: https://t.co/Bm7x6AnAge
— Reuters Enterprise (@ReutersBiz) Could 22, 2024
Pieter Brief is editor-in-chief of IEX Media. The knowledge on this column will not be meant as skilled funding recommendation or as a suggestion to make particular investments.
2024-05-22 20:49:02
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