|2023/01/30 / Erste Group Research|
Industrial and software companies successful in 4Q 2022
In the current 4Q reporting, the positive revenue and earnings surprises have so far clearly predominated, especially in the financials and industrial sectors. This was also the case for the Financial Services sector.
The 4Q reporting season continues this week on Tuesday. Most 4Q reports will be published on 2.2. Then the largest technology companies such as Alphabet, Apple, Amazon as well as Qualcomm, but also pharmaceutical companies Roche Holdings, Merck, Bristol-Myers Squibb, Eli Lilly and Gilead Sciences report their results. We expect the global stock market index to trend moderately upwards next week.
Recommendation changes: Kering, NextEra Energy, Alibaba, Baidu, Tencent
LVMH: Strong demand in Europe, profit +17% y/y, China recovery foreseeable
Microsoft: Azure revenue +31% y/y, PC division with cyclical weakness
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|Author||Erste Group Research|
|Product name||Recommendation List|
|Topic in focus||Equities|
|Economy in focus||Eurozone, Germany, United States|
|Currency in focus||Euro, 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||3|
|Amadeus IT Group||ES0109067019||0|
|Anheuser Busch Inbev||BE0974293251||1|
|Bank of America||US0605051046||0|
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