2023-12-08 16:57:53
The Dax has risen to a new record level. After May, June and July, it is now the fourth upward breakout this year. 16,780 points were the new high on Friday. The important 200-day moving average line was jumped a few weeks ago. Technically the way up is clear. Winter is the best time for stocks anyway. Seven stocks made a particular contribution.
1. SAP – plus 54 percent
The software company from Walldorf is not only at the top in terms of performance, it is also the heavyweight in the Dax. Because of SAP’s great success, the stock exchange is changing the rules. From March onwards, the value will no longer be capped at 10 percent weight in the Dax, but will have room for up to 15 percent. This argues for more purchases through index funds. Current market value: around 180 billion euros – number one in the Dax by a wide margin. In the world rankings, it is only ranked 53rd. With a price-earnings ratio of 24, SAP is not highly valued for a tech company. The cloud business is growing extremely well. The 106,000 employees generated a turnover of around 22 billion euros and an operating profit of around 6 billion euros by September. That’s not the more than 20 billion euros that Apple regularly reports as profit in the quarter, but still. UBS has just raised its price target from 140 to 168 euros. At 149 euros, the share once again reached a new record high on Thursday. Two thirds of analysts still recommend buying.
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