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EUROSTOXX 50: RESULTADOS A DESTACAR SEMANA 21 A 25 OCTUBRE 2019 (ANÁLISIS BANCO SABADELL)

Resultados 3T'19 destacados la próxima semana.
De los valores que publican Rdos. 3T'19 la semana que viene del EuroStoxx50 esperamos impacto positivo en: (i) Nokia dado que las expectativas en estos Rdos es baja (la mejora operativa del 2S'19 se concentra en 4T) y podría haber unos Rdos. positivos en Redes que deberían apoyar al valor. Por el lado negativo destacamos: (i) AB InBev, donde esperamos desaceleración en LfLs en ventas (por comparativa más exigente) y ligera caída en márgenes (efecto cobertura de tipo de cambio en costes e inversiones en publicidad) y (ii) Kering, ante la debilidad que seguirá mostrando en EE.UU. y que podría continuar presionando al valor.
Underlyings
AB Effectenbeteiligungen AG

AB Effectenbeteiligungen AG is an Austria-based company that invests in European companies. The Company is engaged in the investment in undervalued small-cap and micro-cap companies, in medium-sized companies with a growth potential, as well as in pre-initial public offering (IPO) companies. In the fiscal year ended on December 31, 2009, AB Effectenbeteiligungen AG's portfolio included Rhoen Kliniken AG, a Germany-based hospital operator, Realtime Technology AG, a Germany-based provider of visualization technologies and services for industrial applications in the automobile, aviation and consumer goods sectors and RIB Software AG, a Germany-based specialist in building construction, plant engineering and infrastructure management software.

Arizona Gold Corp

Kerr Mines is a development stage company. Co. is engaged in the development of a mining property in Virginiatown, Ontario.

Nokia Oyj

Nokia is an Internet and communications technology company based in Finland. Co.'s operations are focused on three businesses: network infrastructure software, hardware and services, which Co. offers through Networks; location intelligence, which Co. provides through HERE; and advanced technology development and licensing, which Co. pursues through Technologies. Co. maintains a global presence with operations and Researh & Development facilities located in Europe, North America and Asia, and sales in approximately 130 countries. Co. has an installed base of around 600 customers worldwide and these operators serve over 4 billion subscribers.

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