Questions on securities

Monday - Friday 09:00-17:00

Quick guide

Choose your country

Research Detail

2022/09/01 / Erste Group Research

Defensive Aktien bevorzugt

Empfehlungsänderungen: Deere & Co, NVIDIA

Der globale Aktienmarkt kam nach den bisher starken Zugewinnen im 3Q in den letzten zwei August Wochen deutlich unter Druck. Gründe dafür waren Gewinnmitnahmen, etwas schwächer als erwartete Konjunkturdaten (EMIs) sowie das bestätigte Commitment der Fed, die Zinsen weiter anzuheben.

Negativ wirkt sich jetzt der neue große Lockdown in China in der Stadt Chengdu mit 21 Mio. Einwohnern auf den Aktienmarkt aus. Die Stadt - die ca. 1,7 % des chinesischen BIPs erwirtschaftet - ist ein wichtiger Sitz von Tech- und Autofirmen, darunter Toyota, VW China, Foxconn und Intel. Die Auswirkungen werden von der Länge des Lockdowns abhängig sein. Zum Vergleich der Shanghai Lockdown dauerte ca. zwei Monate. Wir empfehlen Investoren weiterhin in Aktien aus den Sektoren Basiskonsum, Gesundheit und Technologie zu investieren.

NVIDIA: US-staatliche Lizenzpflicht für High End GPU Exporte nach China

Deere & Co: Hohe Preissetzungskraft in einem Sektor mit stark steigender Nachfrage

PDF Download Download PDF (5.6MB)

General information

AuthorErste Group Research
Product nameEmpfehlungsliste
Topic in focusEquities
Economy in focusEurozone, Germany, Switzerland, United States
Currency in focusEuro, Swiss Franc, US Dollar
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

Erste Group related products

Page 1 of 6
Name  ISIN# Erste Group products
Abbott LaboratoriesUS00282410000
Advanced Micro DevicesUS00790310780
Amadeus IT GroupES01090670190


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.


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.