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2023/02/07 / Erste Group Research

Positive 4Q22 Berichtssaison

Empfehlungsänderungen: Advanced Micro Devices, Exxon Mobil, Home Depot, Infineon, KBC Group,, Starbucks, Bank of America , ConocoPhillips, Equinor, Johnson & Johnson, Novartis, Unilever, Waste Management

Der Aktienmarkt nahm trotz der US-Zinsanhebung die jüngsten Äußerungen der Fed als „dovish“ wahr. Die zuletzt positiven Überraschungen der Einkaufs-managerindizes (China & Eurozone) waren für die Investoren Anlass die Risikobereitschaft zu erhöhen. Die Konsensus-Prognose für das Umsatzwachstum globaler Unternehmen im Jahr 2023 beträgt +2,5% (j/j). Die Gewinne sollten heuer geringfügig ansteigen (2023e: +1,5% j/j).

Wir sehen aufgrund der bisher positiven 4Q22-Berichtssaison und den soliden 2023-Ausblicken der Konzerne Aufwärtspotential bei den Konsensprognosen für dieses Jahr. Diese Revisionen werden sich unserer Ansicht nach positiv auf die Aktienkurse auswirken. Umsatzwachstum von ca. 17% p.a. bis 2026 erwartet

Home Depot: Solides Wachstum und stabile Margen, US-Häusermarkt mit Upside Potential
KBC Group: Sehr hohe Profitabilität mit ROE von 14%

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General information

AuthorErste Group Research
Product nameEmpfehlungsliste
Topic in focusEquities
Economy in focusEurozone, Germany, Japan, United States
Currency in focusEuro, 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
Anheuser Busch InbevBE09742932510
Bank of America US06050510460
Bayer DE000BAY001734


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