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Today, we are publishing the Auto section of our 30th Tech Infrastructure Quarterly Bible. The Tech Bible is a must-read for any tech investor, as it summarizes the quarterly earnings reports from the over 140 companies we track, providing an update on our key perspectives and convictions. In the coming weeks we will publish sections on Hyperscale & Cloud, Telecom Equipment, PCs, Enterprise IT, and Foundry. Auto demand came in above expectations. Semiconductor revenue growth remains muted as customers continue to work down inventories. We expect the headwind to ease and a recovery to emerge i...
Rdos. 4T'25 vs 4T'24: Ventas: 83.245 M euros (-4,7% vs -2,9% BS(e) y -2,6% consenso); EBIT: 3.460 M euros (-44,6% vs -37,2% BS(e) y -35,6% consenso); Rdos. 2025 vs 2024: Ventas: 321.913 M euros (-0,8% vs -0,4% BS(e) y -0,3% consenso); EBIT: 8.868 M euros (-53,5% vs -51,0% BS(e) y -50,5% consenso).
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: OHLA, SANTANDER, SECTOR ELÉCTRICO. EUROPA: AIRBUS, PROSUS, VOLKSWAGEN. Incluido en el informe diario de hoy, y durante toda la campaña de resultados, incorporamos al final una presentación con los resultados destacados en positivo y negativo y previews de Rdos. 4T’25 que se publicarán en España y Europa en los próximos días. El Brent termina por debajo de los 100 dólares Fuerte volatilidad en los mercados de la mano de las subidas del Brent pero que fue moderándose gracias a las conversaciones de liberación de reservas de del G7 (que hoy continua...
NEWS SUMMARY: N/A. Stock markets continue to price in the end of the war European stock markets saw an increasing performance, pricing in D. Tump’s comments about an imminent end of the war (in 2-3 weeks) although he also stated that if the Strait of Hormuz is closed is not relevant and crude oil prices continued to hit highs. D. Trump is expected to update the conflict situation tonight. Iran’s president stated that Iran wishes to end the conflict provided that guarantees are offered the country will not be attacked again. Thus, in the STOXX 600, Basic Resources and cyclical sectors, in gen...
COMPAÑÍAS QUE APARECEN EN EL INFORME: N/A. Las bolsas siguen comprando el final de la guerra Jornada de menos a más en las bolsas europeas, animadas por los comentarios de D. Trump de un final próximo de la guerra, aunque también dijo que daba igual si el estrecho de Ormuz seguía cerrado y el crudo siguió marcando máximos. D. Trump hará unas declaraciones esta noche en EE.UU. sobre la situación del conflicto. Por otra parte, el presidente de Irán reconoció que el país estaría activamente buscando el fin del conflicto siempre y cuando se dieran garantías de no volver a ser atacado. En el STOXX...
NEWS SUMMARY: AENA, CAF, GRIFOLS, NEINOR HOMES. Stock markets amid doubts of an excessive correction and the deterioration of the Gulf prospects Stock markets fluctuated within a narrow range yesterday at around last week’s close. The deterioration of prospects regarding a rapid solution to the conflict with the arrival of US troops to the region and the entry of Yemen’s Houthi rebels had a negative impact. On another note, several investment banks outlined that the correction is starting to be excessive, which contrasts with the good earnings prospects and recalled that historically the imp...
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