Markets by Region
| 2023/05/24 / Erste Group Research |
| Global Equity Ratings |
Mostly positive EPS surprises in 1Q Rating Changes: ICICI Bank, Meta Platforms, WW Grainger, Deere & Co, Factset Research Systems , Morgan Stanley. In the US, 95% of the companies in the S&P 500 released their 1Q results. 78% of the companies reported a positive earnings surprise. Thus, the earnings decline for the S&P 500 was only -2.2% y/y, significantly better than expected at the beginning of the quarter. (-6,6%). In Europe, 84% of Stoxx 600 companies reported 1Q results. Earnings were higher than expected for 66% of the companies. Overall, profits rose by +9.5% y/y. The financials, technology, and utilities sectors in particular contributed to the growth with profit increases of around 50% y/y. It is apparent that with the expected end of interest rate hikes in the USA, investors are again significantly increasing the weighting of growth stocks (technology/healthcare/industry). We expect this trend to continue, especially as energy and commodity prices (including oil, gas, copper) fell, in some cases significantly, in Q2 and no trend reversal is apparent. Meta Platforms: Costs reduced and significant sales and earnings growth expected in 2023 SAP: Cloud revenue growth remains very strong in 2023 |
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General information
| Author | Erste Group Research |
| Date | 2023/05/24 |
| Product type | weekly / bi-weekly |
| Product name | Recommendation List |
| Topic in focus | Equities |
| Language |  |
| Market cap | - |
| Availability | All [1] |
| Download |
Erste Group related products
| 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 |
| Porsche AG | DE000PAG9113 | 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 |
| Linde | IE000S9YS762 | 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 |
| Gilead Sciences | US3755581036 | 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 | 4 |
| 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 | 5 |
| 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 |
| - | US5184391044 | 0 |
| - | US88579Y1010 | 0 |
| - | NL00150001Q9 | 0 |
| - | US0567521085 | 0 |
Analysis and Forecasting
| Date | Headline | Download | |
| 2024/05/21 |  | Akciové trhy - denní zpráva |  |
| 2024/05/21 | | CZ Ranní restart | |
| 2024/05/20 | | Akciové trhy - denní zpráva | |
| 2024/05/20 | | Ranní restart | |
| 2024/05/19 | | Hungarian central bank to cut rates further | |