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2024/01/05 / Erste Group Research

Leicht positive Aussichten für 2024


Der globalen Aktienmarktindex fiel in der ersten Handelswoche in EUR um -0,9%. Der S&P 500 verlor in EUR eben-falls -0,9%. Der Nikkei 225 schwächte sich in EUR um -2,1% ab. Der Stoxx 600 gab um -0,3% nach. Der globale Emerging Market Index notierte in EUR um -1,1% tiefer.

Aktien Global: Die Aussichten für einen weiteren Anstieg des Aktienmarktes sind heuer wegen der Gewinnwachstums-Perspektiven und wegen der angemessenen Bewertung des Aktienmarktes positiv. Alle Sektoren werden 2024 positive Beiträge zum globalen Gewinnwachstum liefern. Den geringsten Beitrag zum Gewinnwachstum wird heuer der Energiesektor leisten. Da das Gewinnwachstum dieses Sektors gering ist und leicht auch negativ ausfallen könnte, sehen wir kein attraktives Chance/Risikoverhältnis.

Ausblick: Die U.S.-Berichtsaison für die Ergebnisse des 4Q beginnt am kommenden Freitag, dem 12.1. Die Großbanken JPMorgan Chase, Citigroup und Bank of America werden über den jüngsten Verlauf ihrer Geschäfte berichten. Auch der weltweit zweitgrößte Gesundheitskonzern UnitedHealth Group wird dann seine Ergebnisse publizieren. Wir erwarten, dass der globale Aktienmarktindex in der nächsten Woche seitwärts tendieren wird.

Aktien Österreich: Der ATX verzeichnete einen schwachen Start ins Neue Jahr, Newsflow gab es erwartungsgemäß wenig. In unserer Pressekonferenz zum Ausblick Wiener Börse 2024 gaben wir unsere Top Picks für dieses Jahr bekannt. Das Kursziel für den ATX sehen wir bei 3.900 Punkten. Von den Einzelwerten gefallen uns aktuell am besten Andritz, DO & CO, EVN, Kontron, RBI und STRABAG.

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General information

AuthorErste Group Research
Date2024/01/05
Languagede
Product nameEquity Weekly
Topic in focusEquities
Economy in focusAustria
Currency in focusEuro
Sector in focusBanks, Construction & Material, Industrial Goods & Services, Technology, Travel & Leisure, Utilities
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Erste Group related products

Name  ISIN# Erste Group products
AndritzAT000073000788
DO & COAT00008188020
EVNAT000074105324
KontronAT0000A0E9W50
RBIAT0000606306108
STRABAGAT000000STR10



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