2022/08/08 / Erste Group Research |
Global Equity Ratings |
2Q Earnings Season better than expected Rating Changes: Deutsche Post, Waste Management, EOG Resources, Roche Holding. After the declines of the previous months, the global stock market index rose by +10.9% in EUR terms in July. Volatility fell sharply at the same time. For the global equity index, the forecast for 2023 is revenue growth of +8.2% and earnings growth of +6.7%. The 2Q earnings reporting season has gone well in the US. 73% of companies have published results above expectations so far. For 2Q, earnings are expected to rise +6.0% y/y. This year, US companies' sales should rise +10.6% and profits +6.1%. In Europe, 2Q earnings growth is expected to be high at +28% y/y. However, the longer outlook shows a slowdown in sales and profit growth over the year. Profits are then forecast to decline in the first three quarters of 2023. The risk of a shortage of natural gas for industry is weighing on the planning security of many companies in Europe. We expect the relative weakness of the European stock market versus the US market to continue. Deutsche Post: Profitable air and sea freight business Waste Management: Sales forecast raised sharply, operating margin expected to remain stable |
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Author | Erste Group Research |
Date | 2022/08/08 |
Product type | weekly / bi-weekly |
Product name | Recommendation List |
Topic in focus | Equities |
Language | |
Market cap | - |
Availability | All [1] |
Download |
Name | ISIN | # Erste Group products |
Walt Disney | US2546871060 | 0 |
Walmart | US9311421039 | 0 |
Volkswagen | DE0007664039 | 4 |
Visa | US92826C8394 | 0 |
Vinci | FR0000125486 | 0 |
Vestas Wind Systems | DK0010268606 | 0 |
Vertex Pharmaceuticals | US92532F1003 | 0 |
Verizon | US92343V1044 | 0 |
Vale | BRVALEACNOR0 | 0 |
UnitedHealth Group | US91324P1021 | 0 |
Unilever | GB00B10RZP78 | 0 |
UniCredit | IT0005239360 | 0 |
UBS | CH0244767585 | 0 |
Toyota Motor | JP3633400001 | 0 |
TotalEnergies | FR0000120271 | 0 |
Tokyo Electron | JP3571400005 | 0 |
Thermo Fisher Scientific | US8835561023 | 0 |
Tesla | US88160R1014 | 0 |
Tencent | KYG875721634 | 0 |
Taiwan Semiconductor | TW0002330008 | 0 |
T-Mobile US | US8725901040 | 0 |
Starbucks | US8552441094 | 0 |
Southern Co | US8425871071 | 0 |
Siemens | DE0007236101 | 0 |
Shell | GB00B03MLX29 | 0 |
ServiceNow | US81762P1021 | 0 |
Schneider Electric | FR0000121972 | 0 |
SAP | DE0007164600 | 4 |
Sanofi | FR0000120578 | 0 |
Samsung Electronics | KR7005930003 | 0 |
Ryanair | IE00BYTBXV33 | 0 |
RWE | DE0007037129 | 3 |
Royal Bank of Canada | CA7800871021 | 0 |
Roche Holding | CH0012032113 | 0 |
Rio Tinto | GB0007188757 | 0 |
Qualcomm | US7475251036 | 0 |
Procter & Gamble | US7427181091 | 0 |
Pfizer | US7170811035 | 0 |
PepsiCo | US7134481081 | 0 |
Oracle | US68389X1054 | 0 |
NVIDIA | US67066G1040 | 0 |
Novo Nordisk | DK0060534915 | 0 |
Novartis | CH0012005267 | 0 |
Nike | US6541061031 | 0 |
NextEra Energy | US65339F1012 | 0 |
Netflix | US64110L1061 | 0 |
Nestle | CH0038863350 | 0 |
Morgan Stanley | US6174464486 | 0 |
Mondelez | US6092071058 | 0 |
Microsoft | US5949181045 | 0 |
Meta Platforms | US30303M1027 | 0 |
Merck & Co | US58933Y1055 | 0 |
Mercedes-Benz Group | DE0007100000 | 2 |
McDonalds | US5801351017 | 0 |
Mastercard | US57636Q1040 | 0 |
LVMH | FR0000121014 | 0 |
LOreal | FR0000120321 | 0 |
Kone | FI0009013403 | 0 |
Kering | FR0000121485 | 0 |
JPMorgan | US46625H1005 | 0 |
Johnson & Johnson | US4781601046 | 0 |
Intuitive Surgical | US46120E6023 | 0 |
Intuit | US4612021034 | 0 |
Intel | US4581401001 | 0 |
Infosys | INE009A01021 | 0 |
Infineon | DE0006231004 | 3 |
Inditex | ES0148396007 | 0 |
ICICI Bank | US45104G1040 | 0 |
IBM | US4592001014 | 0 |
HSBC | GB0005405286 | 0 |
Home Depot | US4370761029 | 0 |
GlaxoSmithKline | GB0009252882 | 0 |
General Motors | US37045V1008 | 0 |
Exxon Mobil | US30231G1022 | 0 |
Equinor | NO0010096985 | 0 |
Eli Lilly | US5324571083 | 0 |
Edwards Lifesciences | US28176E1082 | 0 |
Diageo | GB0002374006 | 0 |
DHL Group | DE0005552004 | 0 |
Deutsche Telekom | DE0005557508 | 0 |
Deutsche Boerse | DE0005810055 | 0 |
Deutsche Bank | DE0005140008 | 5 |
Deere & Co | US2441991054 | 0 |
Danone | FR0000120644 | 0 |
Daikin Industries | JP3481800005 | 0 |
ConocoPhillips | US20825C1045 | 0 |
Coloplast | DK0060448595 | 0 |
Colgate-Palmolive | US1941621039 | 0 |
Coca-Cola | US1912161007 | 0 |
Citigroup | US1729674242 | 0 |
Cisco | US17275R1023 | 0 |
Cie Financiere Richemont | CH0210483332 | 0 |
China Construction Bank | CNE1000002H1 | 0 |
Chevron | US1667641005 | 0 |
Caterpillar | US1491231015 | 0 |
Bristol-Myers Squibb | US1101221083 | 0 |
BP | GB0007980591 | 0 |
Booking Holdings | US09857L1089 | 0 |
BNP Paribas | FR0000131104 | 0 |
BMW | DE0005190003 | 3 |
BHP Group | GB00BH0P3Z91 | 0 |
Beiersdorf | DE0005200000 | 0 |
Bayer | DE000BAY0017 | 0 |
BASF | DE000BASF111 | 2 |
Bank of America | US0605051046 | 0 |
AT&T | US00206R1023 | 0 |
ASML | NL0010273215 | 0 |
Apple | US0378331005 | 0 |
Anheuser Busch Inbev | BE0974293251 | 0 |
Amgen | US0311621009 | 0 |
AmBev | BRABEVACNOR1 | 0 |
Amazon.Com | US0231351067 | 0 |
Amadeus IT Group | ES0109067019 | 0 |
Alphabet | US02079K3059 | 0 |
Allianz | DE0008404005 | 0 |
Alibaba | US01609W1027 | 0 |
Advanced Micro Devices | US0079031078 | 0 |
Adobe | US00724F1012 | 0 |
Adidas | DE000A1EWWW0 | 3 |
AbbVie | US00287Y1091 | 0 |
Abbott Laboratories | US0028241000 | 0 |
ABB | CH0012221716 | 0 |
- | CH0024608827 | 0 |
- | US2788651006 | 0 |
- | CH0030170408 | 0 |
- | DE000ENAG999 | 0 |
- | US5184391044 | 0 |
- | GB00BH4HKS39 | 0 |
- | US3696041033 | 0 |
- | CH0418792922 | 0 |
- | GB00BZ09BD16 | 0 |
- | NL00150001Q9 | 0 |
- | US70450Y1038 | 0 |
- | US88579Y1010 | 0 |
- | IE00BZ12WP82 | 0 |
- | PTEDP0AM0009 | 0 |
- | US0567521085 | 0 |
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