Tag Archives: Deutsche

Markets remain on edge regarding the outlook for inflation, as seen in the hit to stocks last week amid a hotter than expected read on the Producer Price Index (PPI). Furthermore, this week’s Federal Reserve meeting could feature Chairman Jerome Powell pushing back on recent financial easing in markets. Couple those factors with expectations for muted corporate profit growth and a recession in the U.S., and uncertainties for the stock market in 2023 are abound. The team at Deutsche Bank led by… Source link

Semiconductor stocks are down big this year, and Deutsche Bank is warning about more weakness. The bank’s Q3 semiconductor industry preview, titled “Déjà vu all over again,” highlighted “fears of fundamental deterioration leading to very bearish investor positioning,” adding that “we expect 3Q earnings season to yield more pervasive signs of weakness, as the well-known issues in Consumer areas (PCs, Handsets, etc.) will likely spread to at least more forthcoming admissions of uncertainties… Source link

The bulls on Wall Street continue to pile back into Tesla stock, citing a host of potential catalysts. In a note out on Friday, Deutsche Bank analyst Emmanuel Rosner said he believes the rally in Tesla stock is just beginning with several likely drivers for the company in 2023. “We view 2023 as a pivotal year in which Tesla continues to grow volume at a high pace, enters new segments with Cybertruck and Semi, optimizes its manufacturing footprint, and benefits from IRA [Inflation Reduction… Source link

DekaBank Deutsche Girozentrale grew its holdings in shares of Yandex (NASDAQ:YNDX – Get Rating) by 160.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 406,516 shares of the information services provider’s stock after acquiring an additional 250,160 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Yandex were worth $333,000 at the… Source link

Europe’s biggest communication service provider chooses Google Cloud for first cloud-native trials in network and data analytics BONN, Germany and SUNNYVALE, Calif., July 12, 2022 /PRNewswire/ — Deutsche Telekom and Google Cloud today announced a new expanded partnership to define a joint roadmap for the telecommunications industry by bringing the power of the cloud closer to mobile and connected devices at the edge of Deutsche Telekom’s network. Communication service providers are… Source link

San Francisco Fed President Mary Daly told Yahoo Finance Live in an exclusive interview on Thursday that she sees the case for interest rates to move ‘expeditiously’ higher in order to pump the brakes further on surging inflation. And with the Fed growing increasingly hawkish in its endeavor to lower prices, uncertainty remains as to when month-over-month inflation will turn around. Deutsche Bank (DB) Wealth Management CIO for the Americas Deepak Puri believes that prices are currently at… Source link

A version of this post was originally published on TKer.co Deutsche Bank made waves on Tuesday when its economists became the first of the major Wall Street analysts to say the U.S. economy would soon go into recession. “Two shocks in recent months, the war in Ukraine and the build-up of momentum in elevated U.S. and European inflation, have caused us to revise down our forecast for global growth significantly,” Deutsche Bank economists, led by David Folkerts-Landau and Peter Hooper,… Source link

It’s time to load up on shares of Apple (AAPL) after the stock’s less than joyous start to 2022, argues Deutsche Bank.  “Considering a healthy demand backdrop and Apple’s strong product portfolio across its product lines, we believe the Street estimate for CY22 revenue growth of only +5% (vs. Deutsche Bank estimate of +9%) is too low with the push-out of some revenue from calendar year 2021 already accounting for ~3 percentage points of growth, and we therefore believe there is an upward… Source link

When the Fed begins its long-awaited bond-tapering program as it seeks to tame red-hot inflation, the clock starts ticking on when the U.S. might see another recession.  Or so says strategists at Deutsche Bank.  The investment bank predicts the Federal Reserve will accelerate the purchase of its bond purchases in 2022 (and then quickly), opening the door for the first interest rate hike of this economic cycle as early as March.  With that first hike and the end of the tapering program —… Source link

Stubbornly hot inflation will be unkind to the bottom line of Dollar Tree, warns Deutsche Bank.  Deutsche Bank analyst Krisztina Katai downgraded her rating on the dollar store to Hold from Buy on Monday, and slashed the price target to $102 from $129.  “We now see more balanced risk/reward, especially with renewed concerns around building inflationary pressures. We remain long-term believers in Dollar Tree’s story including the ongoing turnaround at Family Dollar, however, we are… Source link