DER AKTIONÄR TV|15. Mai
DAX-Check LIVE: BMW, Fraport, Freenet, Nagarro, Rheinmetall, SAP, Siemens im Fokus
📉 DAX Opens Lower – Oil Prices and Yields Weigh
- After a positive holiday session, the DAX is set to open lower on Friday, May 15. The Late-DAX indicates a drop of around 0.9%, currently near 24,230 points.
- Key drags: Rising oil prices (Brent at ~$107) and increasing bond yields (10-year US Treasuries at 4.53%, German Bunds near 3.10%).
- Important levels: The 24,500 resistance and the 200-day moving average (support around 24,000) are in focus.
- BMW (+ Simplified capital structure: conversion of preferred into common shares at 1:1, no additional payment). Stock still weak at ~€76, near yearly lows. Stay on sidelines.
- Fraport (- Strikes hurt passenger traffic in April by 11% YoY). Chart risks breaking below key support. Caution advised.
- Freenet (+ Quarterly results: revenue jump from acquisition, but EBITDA -4%, Free Cash Flow +10%). Dividend deduction of €2.07 already priced in. Stop at €22.50.
- Nagarro (+ IT service provider with organic growth and EBITDA improvement, but negative operating cash flow due to higher working capital). Chart shows a fall from €80 to €40 – AI fears persist. Caution.
- Rheinmetall (- Peace hopes in Ukraine weigh on defense stocks). Stopped out at €1,100, now around €1,170. Potential support at €1,000.
- SAP (- After a multi-year low of €135, slight recovery above €140). Remains fragile until €150 is sustainably broken.
- Siemens (+ Acquisition of MMC's rail technology core businesses (estimated €2.5–3.5 bn)). Stock near all-time high, but a pullback is possible. Long-term strong.
- Allianz (+) recovering despite rising rates.
- Commerzbank benefits from higher rates at €36.
- Upcoming US data: Empire State Index, industrial production, and capacity utilization for April.
- Key drivers remain oil prices and Middle East developments.
The DAX recovers slightly to -0.7% (24,285 points) by the end of the broadcast. Have a great weekend!
