Lufthansa is underperforming for quite some time already. It seems dip formation can be in play. Possible reverse H&S formation and price going out of downtrend channel. First target can be 6.60s where 200dma and fibo targets sit. Q3 balance sheet results, which is seasonally best for airlines, are on the way.
Horizontal line at 720s continues to work great for LRCX Lam Research. Lam Research is trading with a Forward P/E ratio of 21.75 which is discounted to its industry group Forward P/E of 25.6.
200dma is still acting as major resistance but approaching the end of the triangle. The chances might be high that breakout occur before the end of the year. 2nd quarter numbers were good. 6-6.5 billion EUR operating profit confirmed for 2024. Decent dividend of 4.5% at current prices.
Melanie Kreis, CFO DHL Group: "Thanks to our unique logistics portfolio we...
Worries about slowdown in Chinese demand hitting luxury stocks. Bearishness increases on the street. Kering (Gucci owner) is at 7-year lows. Most probably will be cut but current indicated dividend yield reached 6%. #luxurystocks #lvmh #hermes #kering
