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2022/04/27 / Erste Group Research

Volatilität wird hoch bleiben

Gestiegene Renditen in den USA und Europa, die COVID-Lockdowns in China, sowie hohe Energie- und Rohstoffpreise belasten die Gewinnerwartungen für globale Unternehmen. Die technische Situation des globalen Aktienindex hat sich zuletzt verschlechtert. Der Index notiert unter seiner 200-Tages-Durchschnittslinie. Nur mehr 1/3 der Aktien befinden sich über dieser psychologisch wichtigen Marke. Die Bodenbildung des Marktes ist noch nicht abgeschlossen. Die Volatilität wird weiter hoch bleiben.

Die globale Berichtssaison ist in vollem Gange. Die US-Banken haben mehrheitlich besser als erwartete Ergebnisse berichtet. Microsoft berichtete über den Erwartungen liegende Steigerungen der Umsätze und Gewinne. Alphabet lieferte zwar auch gute Q1-Ergebnisse, diese lagen aber leicht unter den Erwartungen. Apple berichtet morgen nach Börsenschluss.

Empfehlungsänderungen: Anthem, Charles Schwab, Southern.

Anthem: Starker Rückgang der Verwaltungskosten, Margenanstieg erwartet
Nestle: Leichter Umsatzanstieg, aber Rückgang der operativen Marge in 2021

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General information

AuthorErste Group Research
Date2022/04/27
Languagede
Product nameEmpfehlungsliste
Topic in focusEquities
Economy in focusEurozone
Currency in focusEuro
Sector in focusAutomobiles & Parts, Banks, Basic Resources, Chemicals, Construction & Material, Financial Services, Food & Beverage, Health Care, Industrial Goods & Services, Insurance, Media, Oil & Gas, Personal & Household Goods, Retail, Technology, Telecommunications, Travel & Leisure, Utilities
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Erste Group related products

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Name  ISIN# Erste Group products
Bank of America US06050510460
BASFDE000BASF11128
Bayer DE000BAY001733
BeiersdorfDE000520000026
BHP GroupGB00BH0P3Z910
BMWDE000519000329
BNP ParibasFR00001311040
Booking HoldingsUS09857L10890
BPGB00079805910
Coca-ColaUS19121610070
ColoplastDK00604485950
DanoneFR00001206440
Deutsche BankDE000514000824
Deutsche TelekomDE000555750825
DiageoGB00023740060
EquinorNO00100969850
Exxon MobilUS30231G10220
General Motors US37045V10080
GlaxoSmithKlineGB00092528820
HSBCGB00054052860
IBMUS45920010140
InditexES01483960070
Infineon DE000623100441
IntelUS45814010010
Johnson & JohnsonUS47816010460



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