|2023/04/25 / Erste Group Research|
Luxury brands attractively valued
The reporting season for the results of the 1Q is in full swing. The big U.S. banks have reported its business performance in the last quarter. Net interest income rose sharply year-on-year at major banks, while commission income fell slightly. For the most part, earnings and earnings were reported that exceeded expectations.
This week, the largest technology companies such as Microsoft, Alphabet, Amazon.com and Intel, as well as some of the largest pharmaceutical and energy companies, report on their sales and profit development in 1Q.
Rating Changes: Moncler, NVIDIA, Kering, NextEra Energy
Taiwan Semiconductor: Technology leader in the manufacturing sector - Weakening of profits expected in the short term
Stellantis: After a record year in 2022: Weakening sales and profit decline expected in 2023
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|Author||Erste Group Research|
|Product name||Recommendation List|
|Topic in focus||Equities|
|Economy in focus||Germany, Switzerland, United Kingdom, United States|
|Currency in focus||British Pound, Euro, Swiss Franc, US Dollar|
|Sector in focus||Automobiles & Parts, Banks, Basic Resources, Chemicals, Construction & Material, Financial Services, Food & Beverage, Health Care, Industrial Goods & Services, Insurance, Media, Oil & Gas, Personal & Household Goods, Retail, Technology, Telecommunications, Travel & Leisure, Utilities|
|Name||ISIN||# Erste Group products|
|Advanced Micro Devices||US0079031078||0|
|Amadeus IT Group||ES0109067019||0|
|Anheuser Busch Inbev||BE0974293251||0|
|Bank of America||US0605051046||0|
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