Detail analýzy
| 13.03.2024 / Erste Group Research |
Magnificent 7 with strong momentum Rating changes: Imperial Oil, Uber Technologies, Deutsche Bank, Booking Holdings, UnitedHealth Group The S&P 500 Index recently soared to a new all-time high and has now risen by +9% since the beginning of the year. A large part of the upward trend is attributable to the strong performance of the so-called Magnificent 7 stocks. These are the shares of Microsoft, Apple, NVIDIA, Amazon, Alphabet, Meta and Broadcom. With a combined market capitalization of USD 13,200 billion, they have a weighting of 28% in the S&P 500 Index. These seven technology stocks alone have risen by +14% since the beginning of the year and are therefore largely responsible for the rise in the overall index due to their high weighting. The valuation of the Magnificent 7 has also fallen since the beginning of the year. While the weighted P/E ratio for the calendar year 2024e was still 31x at the beginning of the year, it has now fallen to 29x. This is because the consensus earnings forecasts have risen even more sharply than the share prices. In our view, the high growth figures in the 4Q23 results and the companies' strong guidance for this year were the justifiable reasons for the higher forecasts. The high demand for hardware and software with a focus on AI solutions will continue in the coming years and the Magnificent 7 have business models to monetize the demand. Holcim: Dividend increased by 12% after record result and CHF 1 billion buyback announced. Solid guidance 2024 Broadcom: High margin and profit increase in Q2 as well |
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Základní informace
| Autor | Erste Group Research |
| Datum | 13.03.2024 |
| Jazyk |  |
| Název produktu | Recommendation List |
| Hlavní téma | Akcie |
| Zaostřeno na ekonomiku | Eurozóna, Německo, Spojené Státy |
| Zaměřeno na měnu | Americký dolar, Euro |
| Zaměřeno na sektor | Automobilový průmysl, Banky, Cestování a volný čas, Chemický průmysl, Finanční služby, Jídlo a nápoje, Maloobchodní prodej, Média, Pojišťovnictví, Průmyslové zboží a služby, Ropa & plyn, Síťová odvětví, Stavebnictví a materiály, Technologie, Telekomunikace, Základní materiály, Zboží osobní spotřeby, Zdravotnictví |
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Související investiční nástroje
Strana 4 z 5
| Název | ISIN | |
| NextEra Energy | US65339F1012 | 0 |
| Nike | US6541061031 | 0 |
| Novartis | CH0012005267 | 0 |
| Novo Nordisk | DK0060534915 | 0 |
| NVIDIA | US67066G1040 | 0 |
| Oracle | US68389X1054 | 0 |
| PepsiCo | US7134481081 | 0 |
| Pfizer | US7170811035 | 0 |
| Porsche AG | DE000PAG9113 | 0 |
| Procter & Gamble | US7427181091 | 0 |
| Qualcomm | US7475251036 | 0 |
| Rio Tinto | GB0007188757 | 0 |
| Roche Holding | CH0012032113 | 0 |
| Royal Bank of Canada | CA7800871021 | 0 |
| RWE | DE0007037129 | 3 |
| Ryanair | IE00BYTBXV33 | 0 |
| Samsung Electronics | KR7005930003 | 0 |
| Sanofi | FR0000120578 | 0 |
| SAP | DE0007164600 | 4 |
| Schneider Electric | FR0000121972 | 0 |
| ServiceNow | US81762P1021 | 0 |
| Shell | GB00B03MLX29 | 0 |
| Siemens | DE0007236101 | 0 |
| Southern Co | US8425871071 | 0 |
| Starbucks | US8552441094 | 0 |