Markets by Region
| 2022/11/18 / Erste Group Research |
| Global Equity Ratings |
3Q reporting season slightly positive In Europe, more than half of the companies have already published 3Q reports. Of these, 59% of companies have reported better-than-expected earnings. 79% of companies have beaten consensus expectations on sales. Earnings forecasts have improved for European equities over the next few quarters. Earnings are expected to rise +20.1% (y/y) in 4Q and +9.1% (y/y) in 1Q. The technology, financials, consumer staples, and healthcare sectors should see the largest earnings gains in Europe in 2023. In contrast, the energy, materials, and industrial sectors should see earnings decline in 2023. We expect the global stock market index to a slight increase in the medium term. Rating changes: Mercedes-Benz Group, Schneider Electric, Taiwan Semiconductor, Amazon.Com, Diageo, Hershey Co. Taiwan Semiconductor: expected US fab expansion reduces geopolitical risk, technology lead over Samsung grows NVIDIA: Sales decline in gaming segment, but data center segment growing very strongly Allianz: 3Q very successful in property and casualty insurance segment |
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General information
| Author | Erste Group Research |
| Date | 2022/11/18 |
| 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 |
| - | CH0418792922 | 0 |
| - | GB00BH4HKS39 | 0 |
| - | US3696041033 | 0 |
| - | GB00BZ09BD16 | 0 |
| - | US70450Y1038 | 0 |
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| - | CH0024608827 | 0 |
| - | CH0030170408 | 0 |
| - | DE000ENAG999 | 0 |
| - | US2788651006 | 0 |
| 3M Company | US88579Y1010 | 0 |
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| Abbott Laboratories | US0028241000 | 0 |
| AbbVie | US00287Y1091 | 0 |
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| Adobe | US00724F1012 | 0 |
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| Alibaba | US01609W1027 | 0 |
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| Alphabet | US02079K3059 | 0 |
| Amadeus IT Group | ES0109067019 | 0 |
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| Chevron | US1667641005 | 0 |
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| Roche Holding | CH0012032113 | 0 |
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| Ryanair | IE00BYTBXV33 | 0 |
| Samsung Electronics | KR7005930003 | 0 |
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| Starbucks | US8552441094 | 0 |
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| Walmart | US9311421039 | 0 |
| Walt Disney | US2546871060 | 0 |
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