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2022/10/31 / Erste Group Research

Technical stock market recovery

Rating changes: Porsche AG, Alibaba, China Construction Bank, Tencent

In the USA, numerous technology groups such as Alphabet, Apple, Microsoft or Meta Platforms have reported on their sales and profit development. It is becoming apparent that for the year 2022 a decline in profits of around -2.3% is to be expected for the global technology sector. Positive earnings growth should not be achieved again until next year.

Earnings revisions are down for the global stock market index. This affects both the expected profits for 2022 and those for 2023. However, the operating profit margin should increase slightly next year. We expect the current technical recovery in the global stock market index to continue for the time being.

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General information

AuthorErste Group Research
Date2022/10/31
Languageen
Product nameRecommendation List
Topic in focusEquities
Economy in focusEurozone, Germany, United States
Currency in focusEuro, US Dollar
Sector in focusAutomobiles & 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
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