Look for:

Research Detail

Global Equity Ratings

Upward trend on the stock markets continues
Rating changes: Intuit, Waste Management, BP, Toyota, WW Grainger, Unilever, Booking Holdings, Apple, Arista Networks

The global stock index recently reached a new all-time high. The S&P 500 and the Stoxx 600 also reached record highs. The upward trend of the leading indices is supported by the good performance of companies and the prospect of profit increases this year and next. Sales growth of +3.6% (y/y) and earnings growth of +6.6% (y/y) are forecasted for the global equity market in 2024. In the coming year, sales should then grow by +4.8% (y/y) and profits by +10.8% (y/y).

After higher than expected profit growth in 1Q in the US (+6% y/y) and a lower than forecasted profit decline in Europe (-3% y/y), the outlook for profits in 2Q is very positive. Profit growth in the US will rise to +9% (y/y) and in Europe profit development will be positive again after four quarters of profit declines (2Qe: +3% y/y). Earnings growth will accelerate in the second half of the year in both the US and Europe. We expect the upward trend on the stock markets to continue.

PDF Download Download PDF (8.4MB)
2024/06/14 / Erste Group Research

Upward trend on the stock markets continues
Rating changes: Intuit, Waste Management, BP, Toyota, WW Grainger, Unilever, Booking Holdings, Apple, Arista Networks

The global stock index recently reached a new all-time high. The S&P 500 and the Stoxx 600 also reached record highs. The upward trend of the leading indices is supported by the good performance of companies and the prospect of profit increases this year and next. Sales growth of +3.6% (y/y) and earnings growth of +6.6% (y/y) are forecasted for the global equity market in 2024. In the coming year, sales should then grow by +4.8% (y/y) and profits by +10.8% (y/y).

After higher than expected profit growth in 1Q in the US (+6% y/y) and a lower than forecasted profit decline in Europe (-3% y/y), the outlook for profits in 2Q is very positive. Profit growth in the US will rise to +9% (y/y) and in Europe profit development will be positive again after four quarters of profit declines (2Qe: +3% y/y). Earnings growth will accelerate in the second half of the year in both the US and Europe. We expect the upward trend on the stock markets to continue.

PDF Download Download PDF (8.4MB)

Erste Group related products

Page 1 of 5
<<
<
>
>>
Name  ISIN# Erste Group products
-US90353T10070
-CA45303840860
-US79466L30240
-US04041310640
ABBCH00122217160
Abbott LaboratoriesUS00282410000
AbbVieUS00287Y10910
AdidasDE000A1EWWW034
AdobeUS00724F10120
Advanced Micro DevicesUS00790310780
AlibabaUS01609W10270
AllianzDE000840400533
AlphabetUS02079K30590
Amazon.ComUS02313510671
AmgenUS03116210090
Anheuser Busch InbevBE09742932510
AppleUS03783310050
ASMLNL00102732150
AT&TUS00206R10230
Banco Santander ES0113900J370
Bank of America US06050510460
BASFDE000BASF11129
BeiersdorfDE000520000026
BHP GroupGB00BH0P3Z910
BMWDE000519000335



Decline
Accept

We use cookies and web analysis software to give you the best possible experience on our website. If you consent, these tools will be used. For more details please read our Data protection policy.

INFORMATION FOR CORPORATE AND INSTITUTIONAL CLIENTS

Any information, material and services regarding financial instruments and securities provided by Erste Group Bank AG or any of its affiliates (collectively “Erste Group“) on this and any linked website hereafter (jointly the “Websites”) shall be exclusively to investors who are not subject to any legal sale or purchase restrictions (the “Interested Party“).

The publication and distribution of information as well as offering and selling of products and services described on the Websites is prohibited by law in some jurisdictions. For this reason, persons in countries in which the publication as well as the offering and selling of products and services described on the Websites are not permitted by law, must not enter the Websites and/or acquire the products displayed on the Websites.

Neither Erste Group nor any third party shall offer access to the Websites or offer the products to especially, but not limited to citizen/residents of the United States and “U.S. person” (as defined in Regulation S under the US Securities Act 1933 as amended). For this reason, the distribution or redistribution of the information, materials and products into United States or into any other jurisdiction where it is not permitted under the applicable law, as well as to the citizens/residents of these countries shall be prohibited. The securities displayed on the Websites have not been and will not be registered under the US Securities Act of 1933 and trading in the securities has not been approved for purposes of the US Commodities Exchange Act of 1936. For this reason the securities may, inter alia, not be offered, sold or delivered within the United States or, for the account and benefit of U.S. persons.

The Interested Party is solely responsible to examine, whether he may enter the Websites under the law applicable to it. Erste Group shall not be responsible for the distribution of content of any of the Websites to individuals or entities which provide false information about their right to enter the Websites. For this reason Erste Group shall not be liable for any legal claims or damages which may result from the unauthorized entering or reading of the Websites.

By agreeing to this hereto, the Interested Party confirms that
(i) It has read, understood and accepted this Information and the Disclaimer;
(ii) It informed itself about any possible legal restriction and warrants that it is not restricted or prohibited to enter the Websites according to any law applicable; and
(iii) It does not make available the contents of the Websites to any person who is not qualified by law to enter the Websites.
(iV) It is no consumer.