Research Detail

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

Author	Erste Group Research
Date	2024/01/05
Language
Product name	Equity Weekly
Topic in focus	Equities
Economy in focus	Austria
Currency in focus	Euro
Sector in focus	Banks, Construction & Material, Industrial Goods & Services, Technology, Travel & Leisure, Utilities
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Erste Group related products

Name	ISIN	# Erste Group products
Andritz	AT0000730007	87
DO & CO	AT0000818802	0
EVN	AT0000741053	22
Kontron	AT0000A0E9W5	0
RBI	AT0000606306	115
STRABAG	AT000000STR1	0

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