📅 This week's key events: Corporate results, macro data and tech dominance !📊
The new week brings earnings season in full swing, along with important economic indicators. Personally, I'll be focusing on the results Nvidia, Dell, HP a Salesforcewhile macro data like GDP per Q4 and data on PCE inflation will certainly be key to future market direction.
🍕Monday
Results before the...
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📉 American automotive industry under pressure! 🚗🌎
The news that Donald Trump plans to introduce 25% tariffs on goods imported from Canada and Mexico has sent shockwaves through the markets. Shares of companies like General Motors $GM and Stellantis $STLA plunged by more than 8 %, while smaller players like Ford and Toyota have seen more modest losses.
It's horrible and the important thing is the reason why the stock is falling. European car companies are not doing well and it's a risk to invest now.
I don't really like those car companies, but Stellantis is a pretty good company. Buying it might not be a bad choice.
🚗📈 Mercedes-Benz and the important transition to electromobility! 🌱
Company results Mercedes-Benz for the first quarter 2024 reveals a decline in sales, but at the same time shows an increase in the share of electric vehicles.
Mercedes-Benz joins a group of European automotive giants that today reveal their financial results for the first quarter 2024.
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It's a quality company and the dividend is attractive. Thanks for the info😁
Some time ago I wrote a status about Stellantis. I was very intrigued by the company, and of the automotive sector, I like this one probably the most. However, I still don't know at what price I should buy $STLA stock. The current price doesn't seem bad to me, but I'd rather buy below $20.
What do you think about $STLA stock and its price?
I'm not sure if we'll ever go there again, but I'm also set on buying $18. Even the current price seems great.
I have a feeling that somehow the bag of investors in $STLA has been ripped open (probably due to very satisfactory results). Beware, it's not Tesla, but Stellantis - the world's fourth largest automaker in 2022.
And if you haven't heard of this holding company, here are some brands you'll be familiar with.
So I looked at the stock in more detail and I quite like it, I'm putting it on my radar and I'll consider buying it when there's a discount :3
We'll see how the $NVDA results come out tomorrow and how other stocks react.