{"id":923,"date":"2024-10-13T11:01:52","date_gmt":"2024-10-13T08:01:52","guid":{"rendered":"https:\/\/market-monitor.staginghub.net\/?p=923"},"modified":"2024-10-27T12:54:18","modified_gmt":"2024-10-27T09:54:18","slug":"market-monitor-8","status":"publish","type":"post","link":"https:\/\/market-monitor.staginghub.net\/ro\/2024\/10\/13\/market-monitor-8\/","title":{"rendered":"Market Monitor 8"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><strong>14 octombrie 2024<\/strong><\/h3>\n\n\n\n<p>Bine ai venit la edi\u021bia s\u0103pt\u0103m\u00e2nal\u0103 a newsletter-ului nostru despre pie\u021bele interna\u021bionale.&nbsp;<\/p>\n\n\n\n<p>Structurat pe<strong> 3 categorii de informa\u021bii, <\/strong>pentru o lectur\u0103 mai facil\u0103 \u0219i urm\u0103rirea cursiv\u0103:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Informa\u021bii de lucru &#8211; MARKET PERFORMANCE&nbsp;<\/strong><\/li>\n\n\n\n<li><strong>Informa\u021bii utile &#8211; ADDITIONAL RESOURCES&nbsp;<\/strong><\/li>\n\n\n\n<li><strong>Informa\u021bii educative &#8211; EDUCATION GUIDE&nbsp;<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Acest newsletter are scop pur informativ \u0219i educativ, prin urmare nu con\u021bine recomand\u0103ri de investi\u021bii.&nbsp;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><strong><em>SEC\u021aIUNEA: MARKET PERFORMANCE<\/em><\/strong><strong><em>&nbsp;<\/em><\/strong><\/h4>\n\n\n\n<p><strong>Rezumatul s\u0103pt\u0103m\u00e2nii precedente:<\/strong><strong>&nbsp;<\/strong><\/p>\n\n\n\n<p><strong>7 &#8211; 11 octombrie 2024&nbsp;<\/strong><\/p>\n\n\n\n<p>\u25cf &nbsp; <strong>HOSPITAL PMI MAI SLAB<\/strong>. Institute for Supply Management (ISM) a publicat luni, 7 octombrie, raportul Hospital PMI pentru luna septembrie 2024.&nbsp;<\/p>\n\n\n\n<p>Potrivit acestui raport, indicele se situeaz\u0103 la valoarea de 55%, \u00een scadere cu 3,6 puncte procentuale fa\u021b\u0103 de luna anterioar\u0103. O valoare peste 50% indic\u0103 o accelerare a activit\u0103\u021bii \u00een zona de hospital. (Citeste raportul aici <a href=\"https:\/\/www.ismworld.org\/supply-management-news-and-reports\/reports\/ism-report-on-business\/hospital\/september\/\">September 2024 Hospital ISM\u00ae Report On Business\u00ae (ismworld.org)<\/a>)&nbsp;<\/p>\n\n\n\n<p>\u25cf <strong>NOI MAXIME PENTRU PRINCIPALII INDICI AMERICANI<\/strong>. Indicii S&amp;P 500 \u0219i Dow Jones au \u00eenregistrat maxime record de \u00eenchidere vineri, cu cre\u0219teri mari din partea ac\u021biunilor financiare dup\u0103 ce b\u0103ncile au raportat rezultate trimestriale puternice.&nbsp;<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;Cele mai recente date privind infla\u021bia cresc a\u0219tept\u0103rile pentru o reducere a ratei dobanzii de c\u0103tre Rezerva Federal\u0103 a SUA \u00een noiembrie. (Cite\u0219te tot articolul aici <a href=\"https:\/\/www.reuters.com\/markets\/us\/futures-fall-investors-brace-earnings-season-tesla-dips-2024-10-11\/\">S&amp;P 500, Dow hit records, boosted by bank earnings surprise | Reuters<\/a>)<\/p>\n\n\n\n<p>\u25cf <strong>AC\u021aIUNILE TESLA AU PIERDUT 9% VINERI<\/strong>. CEO-ul Elon Musk a prezentat designul pentru prototipul robo-taxiului Tesla, numit Cybercab, la un eveniment foarte mediatizat, joi seara. Acesta ar intra \u00een produc\u021bie c\u00e2ndva \u00een 2026 \u0219i ar costa mai pu\u021bin de 30.000 de dolari bucata, a spus el.&nbsp;<\/p>\n\n\n\n<p>Investitorii nu au apreciat \u00eens\u0103 designul \u0219i lipsa de detalii financiare, ac\u021biunile Tesla sc\u0103z\u00e2nd cu 9% pe Wall Street vineri. (Cite\u0219te tot articolul aici <a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/teslas-sporty-two-seater-robotaxi-design-puzzles-experts-2024-10-12\/\">Tesla&#8217;s sporty, two-seater robotaxi design puzzles experts | Reuters<\/a>)<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>RANDAMENTUL BONDURILOR CRE\u0218TE SURPRINZ\u0102TOR, \u00ceN CONTINUARE<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Recenta t\u0103iere a ratei dobanzii de c\u0103tre FED, anun\u021bat\u0103 pe data de 18 septembrie, a fost menit\u0103 s\u0103 stimuleze cre\u0219terea economic\u0103 \u0219i sa reduc\u0103 presiunea asupra debitorilor.&nbsp;<\/p>\n\n\n\n<p>Cu toate acestea, reac\u021bia pietei obligatiunilor americane la aceasta decizie nu a fost deloc previzibil\u0103. Randamentele obliga\u021biunilor au crescut \u00een loc s\u0103 scad\u0103, a\u0219a cum ne-am a\u0219tepta dup\u0103 o reducere a dob\u00e2nzii.&nbsp;<\/p>\n\n\n\n<p>Aceasta evolu\u021bie surprinz\u0103toare semnaleaz\u0103 <strong>o schimbare semnificativ\u0103 \u00een sentimentul investitorilor,<\/strong> deoarece ace\u0219tia anticipeaza randamente mai mari \u00een viitor, \u00een ciuda ac\u021biunilor FED.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"874\" height=\"1074\" src=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/10Y-bonds-14-oct-20241.png\" alt=\"\" class=\"wp-image-531\" srcset=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/10Y-bonds-14-oct-20241.png 874w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/10Y-bonds-14-oct-20241-244x300.png 244w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/10Y-bonds-14-oct-20241-833x1024.png 833w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/10Y-bonds-14-oct-20241-768x944.png 768w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/10Y-bonds-14-oct-20241-150x184.png 150w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/10Y-bonds-14-oct-20241-300x369.png 300w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/10Y-bonds-14-oct-20241-696x855.png 696w\" sizes=\"(max-width: 874px) 100vw, 874px\" \/><\/figure>\n\n\n\n<p>Randamentul <strong>titlurilor de stat americane pe 10 ani<\/strong> a continuat s\u0103 creasc\u0103 \u0219i s\u0103pt\u0103m\u00e2na trecut\u0103, \u00een ciuda public\u0103rii miercuri a minutei \u0219edin\u021bei Fed de luna trecut\u0103 prin care se anun\u021base t\u0103ierea de dob\u00e2nzi, ajung\u00e2nd acum la o majorare de peste 4%. Practic, \u00een ultimele 3 s\u0103pt\u0103m\u00e2ni s-a inversat trendul negativ din ultimele 5 luni.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>INVESTITORII VOR T\u0102IERI DE DOB\u00c2NZI MAI AGRESIVE. Guvernatorul Fed, Jerome Powell,<\/strong> a sus\u021binut miercurea trecut\u0103 o conferin\u021b\u0103 de pres\u0103, cu ocazia prezent\u0103rii publice a minutei \u0219edin\u021bei din Septembrie, c\u00e2nd s-a decis t\u0103ierea ratei de dob\u00e2nd\u0103 cu 0,5%.<\/li>\n<\/ul>\n\n\n\n<p>Powell a subliniat c\u0103, \u00een timp ce Fed \u021bine ratele de dob\u00e2nd\u0103 mai stabile pentru moment, investitorii se a\u0219teapt\u0103 la o poten\u021bial\u0103 reducere a ratei de dob\u00e2nd\u0103 de 125 de puncte de baz\u0103 p\u00e2n\u0103 la finele lui 2025.<\/p>\n\n\n\n<p>Powell a descris economia SUA ca fiind \u201dputernic\u0103 \u00een general\u201d, cu <strong>previziune de cre\u0219tere a PIB de aproximativ 2%.<\/strong><\/p>\n\n\n\n<p>Guvernatorul Fed a subliniat c\u0103 de\u0219i infla\u021bia a sc\u0103zut la 2,4%, pericolele nu au trecut, influen\u021bele fiind mai ales de natur\u0103 geopolitic\u0103, care pot afecta lan\u021burile de aprovizionare.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>CHINA VA INJECTA 325 MILIARDE DE DOLARI \u00ceN ECONOMIE. <\/strong>S\u00e2mb\u0103t\u0103, 12 octombrie, ministrul de finan\u021be chinez a declarat c\u0103 China va emite obliga\u021biuni speciale de 325 miliarde de dolari pentru a ajuta economia, aflat\u0103 \u00een declin.<\/li>\n<\/ul>\n\n\n\n<p>Este unul dintre cele mai mari pachete de sprijin din ultimii ani, <strong>menit a sus\u021bine b\u0103ncile, pia\u021ba imobiliar\u0103 \u0219i a sc\u0103dea presiunea de pe datoria guvernamental\u0103 local\u0103.<\/strong> Vezi articolul complet aici: <a href=\"https:\/\/www.france24.com\/en\/live-news\/20241012-china-offers-325-bn-in-fiscal-stimulus-for-ailing-economy\">https:\/\/www.france24.com\/en\/live-news\/20241012-china-offers-325-bn-in-fiscal-stimulus-for-ailing-economy<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>&nbsp;Raportari financiare importante:&nbsp;<\/strong><\/h4>\n\n\n\n<p><strong><span style=\"background-color:#b90a0a\" class=\"td_text_highlight_marker\">ATEN\u021aIE: A \u00eenceput sezonul raport\u0103rilor pentru Q3 2024.<\/span><\/strong><\/p>\n\n\n\n<p><strong>Ce s-a \u00eent\u00e2mplat s\u0103pt\u0103m\u00e2na trecut\u0103<\/strong>:<\/p>\n\n\n\n<p>Au \u00eenceput raport\u0103rile financiare pentru trimestrul trei (Q3 2024) cu dou\u0103 b\u0103nci importante, care au avut rezultate foarte bune, influen\u021b\u00e2nd sectorul <strong>Financiar.<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>JP Morgan (JPM) a avut raportarea Q3 cu rezultate mult peste a\u0219tept\u0103ri: <\/strong>EPS a\u0219teptat 3,99 USD dar a raportat 4,37 USD pe ac\u021biune! Ac\u021biunile au crescut vineri cu 4,4%.<\/li>\n\n\n\n<li><strong>Wells Fargo (WFC) &#8211; <\/strong>EPS a\u0219teptat 1,28 USD dar a raportat 1,40 USD pe ac\u021biune.<\/li>\n<\/ul>\n\n\n\n<p><strong>Ce se va \u00eent\u00e2mpla s\u0103pt\u0103m\u00e2na aceasta:<\/strong><\/p>\n\n\n\n<p><strong>B\u0103ncile <\/strong>vor fi cele care dau startul valului de raport\u0103ri financiare privitoare la rezultatele \u00eenregistrate \u00een Q3 2024, <strong>aten\u021bie la sectorul financiar.<\/strong><\/p>\n\n\n\n<p>Mai jos, o scurt\u0103 selec\u021bie de firme majore care i\u0219i vor raporta datele:<\/p>\n\n\n\n<p><strong>Mar\u021bi, 15 Octombrie:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bank of America (BAC) &#8211;<\/strong> EPS a\u0219teptat 0,76 USD pe ac\u021biune<\/li>\n\n\n\n<li><strong>Goldman Sachs (GS)<\/strong> &#8211; 6,93 USD pe ac\u021biune<\/li>\n\n\n\n<li><strong>CitiGroup (C)<\/strong> &#8211; 1,3 USD pe ac\u021biune<\/li>\n\n\n\n<li><strong>Interactive Brokers (IBKR)<\/strong> &#8211; 1,81 USD pe ac\u021biune<\/li>\n\n\n\n<li><strong>United Airlines (UAL<\/strong>) &#8211; 3,13 USD pe ac\u021biune<\/li>\n<\/ul>\n\n\n\n<p><strong>&nbsp;Miercuri, 16 Octombrie<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>ASML ADR (ASML)<\/strong> &#8211; 5,4 USD pe ac\u021biune<\/li>\n\n\n\n<li><strong>Morgan Stanley (MS)<\/strong> &#8211; 1,59 USD pe ac\u021biune<\/li>\n\n\n\n<li><strong>US Bancorp (USB<\/strong>) &#8211; 0,98 USD pe ac\u021biune<\/li>\n<\/ul>\n\n\n\n<p><strong>&nbsp;Joi 17 Octombrie<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Taiwan Semiconductors (TSM)<\/strong> &#8211; 1,79 USD pe ac\u021biune<\/li>\n\n\n\n<li><strong>Netflix (NFLX) <\/strong>&#8211; 5,1 USD pe ac\u021biune<\/li>\n\n\n\n<li><strong>Blackstone (BX) <\/strong>&#8211; 0,97 USD pe ac\u021biune<\/li>\n\n\n\n<li><strong>Nestle (NSRGY)<\/strong>&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong>Vineri, 18 Octombrie<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>P&amp;G (PG)<\/strong> &#8211; 1,9 USD pe ac\u021biune<\/li>\n\n\n\n<li><strong>American Express (AXP)<\/strong> &#8211; 3,38 USD pe ac\u021biune<\/li>\n\n\n\n<li><strong>Volvo ADR (VLVVY)<\/strong> &#8211; 0,45 USD pe ac\u021biune<\/li>\n<\/ul>\n\n\n\n<p>Vezi toate raport\u0103rile s\u0103pt\u0103m\u00e2nii aici:&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/www.investing.com\/earnings-calendar\">https:\/\/www.investing.com\/earnings-calendar<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Analiza evolu\u021biei principalilor indici&nbsp;<\/strong><\/h4>\n\n\n\n<p>To\u021bi cei trei indici americani au continuat s\u0103 creasc\u0103 u\u0219or s\u0103pt\u0103m\u00e2na trecut\u0103:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>S&amp;P 500 (simbol US500\/SPX) cu <\/strong><strong>1,11%&nbsp;<\/strong><\/li>\n\n\n\n<li><strong>Dow Jones Industrial Average (simbol DJI) cu<\/strong><strong> <\/strong><strong>1,21%<\/strong><\/li>\n\n\n\n<li><strong>Nasdaq Composite (simbol IXIC) cu <\/strong><strong>1,13%<\/strong><strong>&nbsp;<\/strong><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"866\" height=\"1112\" src=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/SP500-14-Oct-20241.png\" alt=\"\" class=\"wp-image-532\" srcset=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/SP500-14-Oct-20241.png 866w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/SP500-14-Oct-20241-234x300.png 234w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/SP500-14-Oct-20241-797x1024.png 797w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/SP500-14-Oct-20241-768x986.png 768w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/SP500-14-Oct-20241-150x193.png 150w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/SP500-14-Oct-20241-300x385.png 300w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/SP500-14-Oct-20241-696x894.png 696w\" sizes=\"(max-width: 866px) 100vw, 866px\" \/><\/figure>\n\n\n\n<p><strong><em>&nbsp;S&amp;P 500 (US) &#8211; grafic daily&nbsp; &nbsp; &nbsp; <\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"866\" height=\"1074\" src=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/DJI-14-Oct-20241.png\" alt=\"\" class=\"wp-image-533\" srcset=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/DJI-14-Oct-20241.png 866w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/DJI-14-Oct-20241-242x300.png 242w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/DJI-14-Oct-20241-826x1024.png 826w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/DJI-14-Oct-20241-768x952.png 768w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/DJI-14-Oct-20241-150x186.png 150w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/DJI-14-Oct-20241-300x372.png 300w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/DJI-14-Oct-20241-696x863.png 696w\" sizes=\"(max-width: 866px) 100vw, 866px\" \/><\/figure>\n\n\n\n<p><strong><em> DJI (US) &#8211; grafic daily&nbsp;&nbsp;&nbsp;&nbsp;<\/em><\/strong><\/p>\n\n\n\n<p><strong><em>Sursa graficelor: investing.com&nbsp;<\/em><\/strong><\/p>\n\n\n\n<p><strong>Trendul r\u0103m\u00e2ne cresc\u0103tor pentru pia\u021ba american\u0103<\/strong>, pe fondul raport\u0103rilor bune venite de la b\u0103nci.&nbsp;<\/p>\n\n\n\n<p><strong>Indicii americani S&amp;P500 \u0219i Dow Jones Industrials (DJI) <\/strong>au atins noi maxime s\u0103pt\u0103m\u00e2na trecut\u0103. Indicatorul momentum (RSI) \u00eens\u0103 nu reu\u0219e\u0219te s\u0103 mai intre \u00een zona de accelera\u021bie (peste nivelul de 70).<\/p>\n\n\n\n<p><strong>(vezi si sec\u021biunea Analiza trendurilor principalilor indici globali)<\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>&nbsp;Evolutii pe sectoare, s\u0103pt\u0103m\u00e2na trecut\u0103 \/ 07-11 Octombrie<\/strong><\/h4>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1171\" height=\"403\" src=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/week-perf.png\" alt=\"\" class=\"wp-image-534\" srcset=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/week-perf.png 1171w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/week-perf-300x103.png 300w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/week-perf-1024x352.png 1024w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/week-perf-768x264.png 768w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/week-perf-150x52.png 150w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/week-perf-696x240.png 696w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/week-perf-1068x368.png 1068w\" sizes=\"(max-width: 1171px) 100vw, 1171px\" \/><\/figure>\n\n\n\n<p><strong><em>&nbsp;Sursa: Finviz<\/em><\/strong><\/p>\n\n\n\n<p>O saptamana cu <strong>6 sectoare pe verde<\/strong>, si <strong>5 pe scadere.<\/strong><\/p>\n\n\n\n<p><strong>Energia este campioana ultimei luni, cu o cre\u0219tere de +7,32%<\/strong><\/p>\n\n\n\n<p>Sectorul a fost influen\u021bat de deciziile \u00eent\u00e2lnirii OPEC+ din Septembrie, la care s-a decis reducerea produc\u021biei de petrol. M\u0103sura a dus la cre\u0219terea pre\u021bului petrolului brut Brent de la 70 USD in Septembrie, la 81 USD \u00een Octombrie. Pre\u021bul la care s-a \u00eenchis vineri, 11 Septembrie, a fost de 76,71 USD, \u00een u\u0219oar\u0103 sc\u0103dere, acesta a fost \u0219i motivul pentru scaderea sectorului.<\/p>\n\n\n\n<p><strong>Sectorul Technology revine pe trend pozitiv, <\/strong>av\u00e2nd o cre\u0219tere \u00een ultima lun\u0103 de <strong>5,26%<\/strong>.<\/p>\n\n\n\n<p><strong>Cresteri:<\/strong><\/p>\n\n\n\n<p>\u25a0 <strong>Technology, <\/strong>cu o cre\u0219tere de de +2,82 %<br>\u25a0 <strong>Industrials, <\/strong>cu o cre\u0219tere de +1,57 %&nbsp;<\/p>\n\n\n\n<p>\u25a0 <strong>Healthcare, <\/strong>cu o cre\u0219tere de +1,3 %<\/p>\n\n\n\n<p>\u25a0 <strong>Financial, <\/strong>cu o cre\u0219tere de +1,18%<\/p>\n\n\n\n<p>\u25a0 <strong>Basic materials, <\/strong>cu o scadere de +0,47 %<\/p>\n\n\n\n<p>\u25a0 <strong>Consumer defensive, <\/strong>cu o scadere&nbsp; de +0,04 %<\/p>\n\n\n\n<p><strong>Sc\u0103deri:<\/strong><\/p>\n\n\n\n<p>\u25a0 <strong>Energy, <\/strong>cu o scadere de -0,41%<\/p>\n\n\n\n<p>\u25a0 <strong>Real Estate, <\/strong>cu o scadere de -0,64 %<\/p>\n\n\n\n<p>\u25a0 <strong>Consumer Cyclical, <\/strong>cu o scadere de -1,11 %<\/p>\n\n\n\n<p>\u25a0 <strong>Communication Services, <\/strong>cu o scadere de -1,55%&nbsp;<\/p>\n\n\n\n<p>\u25a0 <strong>Utilities, <\/strong>cu o scadere de&nbsp; -2,29%<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Calendarul s\u0103pt\u0103m\u00e2nii \u00een curs<\/strong><\/h4>\n\n\n\n<p>\u00cen s\u0103pt\u0103m\u00e2na aceasta, mai multe evenimente economice din SUA ar putea avea un impact asupra pie\u021bei bursiere:<\/p>\n\n\n\n<p><strong>LUNI \/ 14 OCTOMBRIE<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Chiar dac\u0103 e <strong>Columbus Day,<\/strong> pia\u021ba e deschis\u0103, numai pia\u021ba bondurilor este in vacan\u021b\u0103.<\/li>\n<\/ul>\n\n\n\n<p><strong>Ora 14,00<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Raportul lunar OPEC <\/strong>&#8211; ofer\u0103 date referitoare pia\u021ba global\u0103 a petrolului, cu tendin\u021be \u00een domeniul cererii \u0219i ofertei, care pot avea impact asupra sectorului <strong>Energy<\/strong> din pia\u021b\u0103.<\/li>\n<\/ul>\n\n\n\n<p><strong>Ora 18,00<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>NY Fed 1-year Consumer Inflation Expectations<\/strong> (anterior: 3.0%): Ofer\u0103 o perspectiv\u0103 asupra a\u0219tept\u0103rilor consumatorilor \u00een leg\u0103tur\u0103 cu infla\u021bia, care poate influen\u021ba politic\u0103 Fed \u0219i sentimentul pie\u021bei.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong>&nbsp;MIERCURI \/ 16 OCTOMBRIE&nbsp;<\/strong><\/p>\n\n\n\n<p><strong>ORA 15,30&nbsp;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Initial Jobless Claims <\/strong>&#8211; raportarea s\u0103pt\u0103m\u00e2nal\u0103, se a\u0219teapt\u0103 o sc\u0103dere a cererilor noi de \u0219omaj, de la 258,000 la 245,000.&nbsp;<\/li>\n\n\n\n<li><strong>US Retail Sales<\/strong> &#8211; Acest raport este un indicator economic semnificativ, deoarece reflect\u0103 cheltuielile de consum, care impacteaz\u0103 o mare parte din activitatea economic\u0103 a SUA. Datele privind v\u00e2nz\u0103rile cu am\u0103nuntul pot influen\u021ba mi\u0219c\u0103rile pie\u021bei bursiere, \u00een special pentru \u00eentreprinderile din sectoarele orientate c\u0103tre consumatori, cum ar fi <strong>Consumer Discretionary.<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Indicele are o previziune de cre\u0219tere cu <strong>0,3%<\/strong>, fa\u021b\u0103 de cre\u0219terea anterioar\u0103 de numai <strong>0,1%.<\/strong>&nbsp;<\/p>\n\n\n\n<p><strong>ORA 16,15<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Produc\u021bie Industrial\u0103 (Septembrie)<\/strong> &#8211; Acest raport urm\u0103re\u0219te produc\u021bia total\u0103 a fabricilor, minelor \u0219i utilit\u0103\u021bilor din SUA. Previziunea este de scadere, la <strong>-0.1%<\/strong>, fa\u021b\u0103 de raportul anterior ce a prezentat o cre\u0219tere cu 0,8%.<\/li>\n\n\n\n<li><strong>&nbsp;NAHB\/Wells Fargo Housing Market Index (Octombrie) <\/strong>&#8211;&nbsp; va oferi o privire asupra perspectivelor pie\u021bei locuin\u021belor din SUA. O sc\u0103dere brusc\u0103 ar putea ridica \u00eengrijor\u0103ri cu privire la sectorul imobiliar.<\/li>\n<\/ul>\n\n\n\n<p><strong>&nbsp;VINERI, 18 OCTOMBRIE<\/strong><\/p>\n\n\n\n<p>&nbsp;<strong>ORA 15,30<\/strong><\/p>\n\n\n\n<p><strong>Housing Starts and Building Permits (Septembrie) <\/strong>&#8211; Aceste cifre ofer\u0103 o perspectiv\u0103 asupra s\u0103n\u0103t\u0103\u021bii pie\u021bei locuin\u021belor \u0219i a viitoarei activit\u0103\u021bi de construc\u021bie. Previziunile sunt de u\u0219oare corec\u021bii negative, cu o <strong>scadere de la 1,36 milioane la 1,34 milioane<\/strong> de locuin\u021be noi \u0219i cu o reducere a permiselor de construire de la <strong>1,48 milioane la 1,44 milioane.<\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Analiza trendurilor principalilor indici bursieri<\/strong><\/h4>\n\n\n\n<p>Iat\u0103 cum au stat lucrurile s\u0103pt\u0103m\u00e2na trecut\u0103 pentru 5 dintre indicii globali:&nbsp;<\/p>\n\n\n\n<p>\u25cf <strong>S&amp;P500, US (simbol US500) <\/strong>a \u00eenregistrat o cre\u0219tere de 1,11% \u00een ultima s\u0103pt\u0103m\u00e2n\u0103;<\/p>\n\n\n\n<p>\u25cf <strong>DAX, Germania (simbol DE40) <\/strong>a \u00eenregistrat o cre\u0219tere de 1,32% \u00een ultima s\u0103pt\u0103m\u00e2n\u0103;&nbsp;<\/p>\n\n\n\n<p>\u25cf <strong>Nikkei 225, Japonia (simbol JP225) <\/strong>a \u00eenregistrat o cre\u0219tere de 2,45% \u00een ultima s\u0103pt\u0103m\u00e2n\u0103;&nbsp;<\/p>\n\n\n\n<p>\u25cf <strong>Nifty, India (NFTY) <\/strong>a \u00eenregistrat o cre\u0219tere de 0,22% \u00een ultima s\u0103pt\u0103m\u00e2n\u0103;&nbsp;<\/p>\n\n\n\n<p>\u25cf&nbsp; <strong>Shanghai, China (SSEC) <\/strong>a \u00eenregistrat o sc\u0103dere de 3,56%&nbsp; \u00een ultima s\u0103pt\u0103m\u00e2n\u0103.<\/p>\n\n\n\n<p><strong>Indicele american \u0219i cel din Germania r\u0103m\u00e2n pe trend cresc\u0103tor.&nbsp;<\/strong><\/p>\n\n\n\n<p>Indicele japonez a reu\u0219it s\u0103 recupereze par\u021bial sc\u0103derea masiv\u0103 de la \u00eenceputul lunii august.&nbsp;<\/p>\n\n\n\n<p><strong>Pe pia\u021ba din CHINA, Indicele Shanghai<\/strong> \u0219i-a continuat cre\u0219terea p\u00e2n\u0103 mar\u021bi, 8 octombrie, c\u00e2nd a reu\u0219it s\u0103 treac\u0103 de maximul anterior din luna mai 2023. Incep\u00e2nd de miercuri a corectat 50% din toat\u0103 cre\u0219terea. Volatilitatea r\u0103m\u00e2ne ridicat\u0103.<\/p>\n\n\n\n<p><strong>Vezi graficele de mai jos:&nbsp;<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"866\" height=\"1112\" src=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/SP500-14-Oct-20241-1.png\" alt=\"\" class=\"wp-image-535\" srcset=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/SP500-14-Oct-20241-1.png 866w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/SP500-14-Oct-20241-1-234x300.png 234w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/SP500-14-Oct-20241-1-797x1024.png 797w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/SP500-14-Oct-20241-1-768x986.png 768w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/SP500-14-Oct-20241-1-150x193.png 150w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/SP500-14-Oct-20241-1-300x385.png 300w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/SP500-14-Oct-20241-1-696x894.png 696w\" sizes=\"(max-width: 866px) 100vw, 866px\" \/><\/figure>\n\n\n\n<p><strong><em>S&amp;P 500 (US) &#8211; grafic daily &nbsp; <\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"870\" height=\"1114\" src=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/DAX-14-Oct-20241.png\" alt=\"\" class=\"wp-image-536\" srcset=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/DAX-14-Oct-20241.png 870w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/DAX-14-Oct-20241-234x300.png 234w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/DAX-14-Oct-20241-800x1024.png 800w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/DAX-14-Oct-20241-768x983.png 768w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/DAX-14-Oct-20241-150x192.png 150w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/DAX-14-Oct-20241-300x384.png 300w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/DAX-14-Oct-20241-696x891.png 696w\" sizes=\"(max-width: 870px) 100vw, 870px\" \/><\/figure>\n\n\n\n<p><strong><em> <\/em><\/strong><strong><em>DAX (Germania) &#8211; grafic daily<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"864\" height=\"1112\" src=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Nikkei-14-Oct-20241.png\" alt=\"\" class=\"wp-image-537\" srcset=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Nikkei-14-Oct-20241.png 864w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Nikkei-14-Oct-20241-233x300.png 233w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Nikkei-14-Oct-20241-796x1024.png 796w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Nikkei-14-Oct-20241-768x988.png 768w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Nikkei-14-Oct-20241-150x193.png 150w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Nikkei-14-Oct-20241-300x386.png 300w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Nikkei-14-Oct-20241-696x896.png 696w\" sizes=\"(max-width: 864px) 100vw, 864px\" \/><\/figure>\n\n\n\n<p><strong><em>&nbsp;Indicele Nikkei 225 &#8211; grafic daily &nbsp; <\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"870\" height=\"976\" src=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/SSEC-14-Oct-20241.png\" alt=\"\" class=\"wp-image-538\" srcset=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/SSEC-14-Oct-20241.png 870w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/SSEC-14-Oct-20241-267x300.png 267w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/SSEC-14-Oct-20241-768x862.png 768w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/SSEC-14-Oct-20241-150x168.png 150w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/SSEC-14-Oct-20241-300x337.png 300w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/SSEC-14-Oct-20241-696x781.png 696w\" sizes=\"(max-width: 870px) 100vw, 870px\" \/><\/figure>\n\n\n\n<p><strong><em>Shanghai Composite (China) &#8211; grafic daily <\/em><\/strong><\/p>\n\n\n\n<p>&nbsp;<strong><em>Sursele graficelor investing.com <\/em><\/strong>&nbsp; <strong><em>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <\/em><\/strong>Concluzie \u00een ceea ce prive\u0219te trendurile principalilor indici:&nbsp;<\/p>\n\n\n\n<p>\u25cf patru dintre cei cinci principali indici se afl\u0103 pe un trend primar ascendent <strong>(US, Germania, India si Japonia)<\/strong>.&nbsp;<\/p>\n\n\n\n<p>\u25cf Indicele american a atins noi maxime s\u0103pt\u0103m\u00e2na trecut\u0103.&nbsp;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Opinii &amp; perspective &#8211; ce spun anali\u0219tii&nbsp;<\/strong><\/h4>\n\n\n\n<p><strong>\u25cf <\/strong><strong>INVESTITORII SE A\u0218TEAPT\u0102 CA RATA DOB\u00c2NZII S\u0102 SCAD\u0102 CU 1,25% P\u00c2N\u0102 LA FINALUL ANULUI VIITOR.<\/strong><strong>&nbsp;<\/strong><\/p>\n\n\n\n<p>Anali\u0219tii de la <strong>Investing.com <\/strong>analizeaz\u0103 conferin\u021ba de pres\u0103 a lui Jerome Powell, pre\u0219edintele Fed, ulterioar\u0103 public\u0103rii minutei \u0219edin\u021bei din Septembrie, c\u00e2nd Fed a decis t\u0103ierea ratei dob\u00e2nzii cu 0,5 puncte procentuale. Ei remarc\u0103 faptul c\u0103 Fed este ingrijorat\u0103 mai degrab\u0103 de infla\u021bie, care a cobor\u00e2t acum la 2,4% dar pe care ei o \u021bintesc la valoarea de 2%.<\/p>\n\n\n\n<p>De asemenea, proiec\u021biile celor de Fed difer\u0103 de ceea ce a\u0219teapt\u0103 pia\u021ba \u00een privin\u021ba t\u0103ierilor de rate ale dob\u00e2nzii. Investitorii se a\u0219teapt\u0103 la 5 t\u0103ieri consecutive de c\u00e2te 0,25%, deci de 1,25%, pentru anii 2024 \u0219i 2025 lua\u021bi \u00eempreun\u0103, dar Fed nu are \u00een vedere dec\u00e2t t\u0103ieri de maximum 1%, \u00een total.<\/p>\n\n\n\n<p><strong><em>\u201c<\/em><\/strong><strong><em>Powell indicated during his press conference that the labor market was in a strong place, and the Fed\u2019s rate decision was intended to keep it there,\u201d Wells Fargo strategists said in a recent note.<\/em><\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.investing.com\/news\/economy\/takeaways-from-the-start-of-a-fed-ratecutting-cycle-3653574\">https:\/\/www.investing.com\/news\/economy\/takeaways-from-the-start-of-a-fed-ratecutting-cycle-3653574<\/a><\/p>\n\n\n\n<p><strong>\u25cf<\/strong> <strong>UNDE CRED INVESTITORII DE PE WALL STREET C\u0102 SE \u00ceNDREAPT\u0102 PIA\u021aA. <\/strong>Sus\u021binut de cre\u0219terea euforiei inteligen\u021bei artificiale \u0219i de economia surprinz\u0103tor de rezistent\u0103 a SUA, S&amp;P 500 a c\u00e2\u0219tigat peste 60% \u00een ultimii doi ani \u0219i se apropie de un maxim istoric.<\/p>\n\n\n\n<p><strong><em>&#8222;If you look at what the market&#8217;s discounting right now, we&#8217;d say front and center, a big chunk of what&#8217;s being priced in is a soft landing sentiment,&#8221; Citi equity strategist Scott Chronert told Yahoo Finance.<\/em><\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/finance.yahoo.com\/news\/the-bull-market-is-2-years-old-heres-where-wall-street-thinks-stocks-go-next-100050648.html\">https:\/\/finance.yahoo.com\/news\/the-bull-market-is-2-years-old-heres-where-wall-street-thinks-stocks-go-next-100050648.html<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><em>La final, dup\u0103 ce ai fost pus la curent cu informa\u021biile importante din ultima s\u0103pt\u0103m\u00e2n\u0103,<\/em><em> <\/em><em>am ajuns \u0219i la <\/em><strong><em>capitolul s\u0103pt\u0103m\u00e2nal de educa\u021bie<\/em><\/strong><em>.<\/em><em>&nbsp;<\/em><\/p>\n\n\n\n<p><em>Vei primi informa\u021bii peste nivelul cursurilor clasice, cu<\/em><em> <\/em><em>analize pe cazuri concrete, de analiz\u0103 fundamental\u0103 \u0219i analiz\u0103 tehnic\u0103, ce te vor ajuta s\u0103 \u00een\u021belegi mai bine pia\u021ba.<\/em><em>&nbsp;<\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong><em>SEC\u021aIUNEA DE EDUCA\u021aIE&nbsp;<\/em><\/strong><\/h3>\n\n\n\n<p><strong>Analiza Fundamental\u0103.&nbsp;<\/strong><\/p>\n\n\n\n<p><strong>INDICATORI FINANCIARI PENTRU COMPANIILE DE TIP \u201cVALUE\u201d<\/strong><\/p>\n\n\n\n<p>\u00cen num\u0103rul trecut al newsletter-ului nostru am dat o lista de indicatori importan\u021bi \u00een analiza financiar\u0103 \u0219i am vorbit despre particularitatile companiilor de tip \u00ab growth \u00bb.<\/p>\n\n\n\n<p>\u00cen acest articol ne vom apleca privirea asupra indicatorilor specifici companiilor de tip \u201cvalue\u201d.<\/p>\n\n\n\n<p>Atunci cand investitorii aleg ac\u021biuni de tip <strong>\u201cgrowth\u201d<\/strong>, ei au \u00een vedere <strong>castiguri de capital viitoare uria\u0219e<\/strong>, datorit\u0103 poten\u021bialului puternic de cre\u0219tere al acestor ac\u021biuni. Cu toate acestea, ac\u021biunile de tip \u201cgrowth\u201d pot fi <strong>riscante<\/strong>. \u00cen cazul \u00een care cre\u0219terea a\u0219teptat\u0103 nu se materializeaz\u0103, investitorii ar putea ajunge s\u0103 \u00eenregistreze o pierdere.<\/p>\n\n\n\n<p>Spre deosebire de ac\u021biunile de tip \u201cgrowth\u201d, ac\u021biunile de tip <strong>\u201cvalue\u201d, sunt de obicei alese de investitori datorit\u0103 fundamentelor puternice<\/strong>.<\/p>\n\n\n\n<p>Este important s\u0103 \u00een\u021belegi cum se comport\u0103 ac\u021biunile de tip \u00ab growth \u00bb \u0219i cum se comporta cele de tip \u00ab value \u00bb. Ai mai jos un grafic care ilustreaz\u0103 acest comportament \u00een timp :<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"678\" height=\"393\" src=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Analiza-fundamentala_grafic1.png\" alt=\"\" class=\"wp-image-539\" srcset=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Analiza-fundamentala_grafic1.png 678w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Analiza-fundamentala_grafic1-300x174.png 300w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Analiza-fundamentala_grafic1-150x87.png 150w\" sizes=\"(max-width: 678px) 100vw, 678px\" \/><\/figure>\n\n\n\n<p><em>Sursa graficului: Chart of the Day (<\/em><a href=\"https:\/\/www.chartoftheday.com\/sp-500-growth-vs-sp-500-value-total-return\">S&amp;P 500 Growth vs S&amp;P 500 Value Total Return \u2022 Chart of the Day<\/a>)<\/p>\n\n\n\n<p>Ce trebuie s\u0103 re\u021bii dup\u0103 analiza graficului:<\/p>\n\n\n\n<p>Atunci cand trendul este cresc\u0103tor, companiile de tip <strong>\u201cgrowth\u201d au \u00een general o cre\u0219tere mai ampl\u0103<\/strong>, cresc mai mult decat cele de tip \u201cvalue\u201d.&nbsp;<\/p>\n\n\n\n<p>\u00cens\u0103, atunci cand trendul este descresc\u0103tor, companiile de tip <strong>\u201cvalue\u201d scad mai pu\u021bin decat cele de tip&nbsp; \u201cgrowth\u201d<\/strong>. Acest lucru este evident pe grafic \u00een special dup\u0103 anul 2020.&nbsp;<\/p>\n\n\n\n<p>Ne vom uita \u00een continuare la c\u00e2\u021biva indicatori importan\u021bi \u0219i la particularit\u0103\u021bile lor pentru companiile de tip \u201cvalue\u201d:<\/p>\n\n\n\n<p><strong>\u00b7<\/strong><strong> &nbsp; &nbsp; &nbsp; &nbsp; <\/strong><strong>Price to earnings per share (P\/E sau PER)<\/strong>: ac\u021biunile de tip \u201cvalue\u201d, tind s\u0103 fie tranzac\u021bionate la un raport P\/E sc\u0103zut. Trebuie totu\u0219i sa avem \u00een vedere \u0219i sectorul respective industria din care compania face parte.<\/p>\n\n\n\n<p><strong>\u00b7<\/strong><strong> &nbsp; &nbsp; &nbsp; &nbsp; <\/strong><strong>Price-to-earnings growth (PEG) <\/strong>: PEG m\u0103soar\u0103 relatia dintre indicatorul anterior, P\/E, si cre\u0219terea c\u00e2\u0219tigurilor viitoare. Astfel, PEG ofer\u0103 o imagine mai complet\u0103 asupra supraevaluarii sau subevalu\u0103rii pre\u021bului unei ac\u021biuni, deoarece analizeaz\u0103 atat c\u00e2\u0219tigurile actuale, cat si rata de cre\u0219tere a\u0219teptat\u0103. Investitorii de tip \u00ab value \u00bb vor c\u0103uta \u00eentotdeauna ac\u021biuni cu un PEG sub 1.<\/p>\n\n\n\n<p><strong>\u00b7<\/strong><strong> &nbsp; &nbsp; &nbsp; &nbsp; <\/strong><strong>Price-to-book (P\/B) sau raportul dintre pre\u021b si valoarea contabil\u0103<\/strong>:&nbsp; masura dac\u0103 o ac\u021biune este supraevaluat\u0103 sau subevaluat\u0103 de acesta data prin compararea pre\u021bului unei ac\u021biuni cu valoarea contabil\u0103 pe ac\u021biune. Un raport P\/B de 0,95, de 1 sau de 1,1 \u00eenseamn\u0103 ca ac\u021biunea respectiv\u0103 se tranzactioneaza aproape de valoarea ei contabil\u0103.&nbsp;<\/p>\n\n\n\n<p>Pentru un investitor de tip \u00ab value \u00bb, o companie care se tranzac\u021bioneaz\u0103 pentru un raport P\/B de 0,5 este foarte atractiv\u0103, deoarece valoarea ei de pia\u021b\u0103 este jum\u0103tate din valoarea contabil\u0103 a companiei. Acestor investitori le place adesea s\u0103 caute companii cu o valoare de pia\u021b\u0103 mai mic\u0103 decat valoarea lor contabil\u0103, \u00een speran\u021ba c\u0103 percep\u021bia pie\u021bei se dovede\u0219te a fi gre\u0219it\u0103.<\/p>\n\n\n\n<p><strong>\u00b7<\/strong><strong> &nbsp; &nbsp; &nbsp; &nbsp; <\/strong><strong>Debt\/Equity si LT debt\/ Equity<\/strong> : este un indicator care ajuta investitorii s\u0103 determine modul \u00een care o companie \u00ee\u0219i finan\u021beaz\u0103 activele.&nbsp;<\/p>\n\n\n\n<p>Raportul arat\u0103 propor\u021bia dintre datoria (pe termen lung) \u0219i capitalului propriu pe care o companie o folose\u0219te pentru a-\u0219i finanta activele. \u00cen general companiile de tip \u201cvalue\u201d se finan\u021beaz\u0103 din fluxurile de numerar pe care le creeaz\u0103 din activitatea curent\u0103, deci acest raport este sc\u0103zut, \u00eens\u0103 acest lucru depinde \u0219i de sectorul de activitate.<\/p>\n\n\n\n<p><strong>\u00b7<\/strong><strong> &nbsp; &nbsp; &nbsp; &nbsp; <\/strong><strong>Free cash flow (FCF)<\/strong>: este numerarul produs de o companie prin opera\u021biunile sale, minus costul cheltuielilor. Cu alte cuvinte, FCF este numerarul r\u0103mas dup\u0103 ce o companie \u00ee\u0219i pl\u0103te\u0219te cheltuielile opera\u021bionale si cheltuielile de capital (CAPEX). Un FCF in cre\u0219tere poate indica o companie care \u00eencepe s\u0103 aib\u0103 c\u00e2stiguri din ce \u00een ce mai mari, care-\u0219i cre\u0219te profitabilitatea \u0219i implicit \u00ee\u0219i va remunera investorii \u00een viitor prin acordarea de dividende. Aceasta evolu\u021bie, \u0219i anume cre\u0219terea FCF de la o perioad\u0103 la alta este o alta tr\u0103satura a companiilor de tip \u00ab value \u00bb.<\/p>\n\n\n\n<p><strong>\u00b7<\/strong><strong> &nbsp; &nbsp; &nbsp; &nbsp; <\/strong><strong>Dividendele<\/strong>: sunt o rezultatul cre\u0219terii \u00een timp a indicatorului precedent, FCF. O companie de tip \u201cvalue\u201d tinde s\u0103 acorde dividende \u0219i s\u0103 men\u021bin\u0103 sau s\u0103 creasc\u0103 procentul acestor dividende pe termen lung.<\/p>\n\n\n\n<p>Indicatorii de mai sus trebuiesc \u00eens\u0103 analizati \u00eempreun\u0103 cu toate cifrele din situa\u021biile financiare publicate de companie.&nbsp;<\/p>\n\n\n\n<p>\u00cen mod special, companiile de tip \u201cvalue\u201d trebuie s\u0103 <strong>prezinte cifre solide<\/strong>.&nbsp;<\/p>\n\n\n\n<p>Un exemplu \u00een acest sens ar fi s\u0103 aib\u0103 <strong>profituri opera\u021bionale constante<\/strong>, pentru a genera fluxuri de trezorerie pozitive pe termen lung.<\/p>\n\n\n\n<p>&nbsp;De asemenea, <strong>marja opera\u021bional\u0103 s\u0103 fie pozitiv\u0103<\/strong>.<\/p>\n\n\n\n<p>\u00cen plus, orice informa\u021bie este pre\u021bioas\u0103 : de exemplu, din notele la situa\u021biile financiare aflam daca compania \u0219i-a <strong>rambursat creditele<\/strong>, dac\u0103 este sau a fost implicat\u0103 \u00een <strong>scandaluri<\/strong>, dac\u0103 este<strong> implicat\u0103 in procese<\/strong>.&nbsp;<\/p>\n\n\n\n<p>Toate aceste lucruri reprezinta riscuri : risc in ceea ce prive\u0219te <strong>reputa\u021bia<\/strong>, riscuri privind plata unor <strong>penalit\u0103\u021bi<\/strong> \u0219i amenzi la care compania este expus\u0103 \u00een viitor \u0219i implicit riscul de a fi \u00een imposibilitatea de a-\u0219i <strong>continua activitatea<\/strong>.<\/p>\n\n\n\n<p>Investitiile \u00een ac\u021biunile de tip \u201cvalue\u201d sunt de obicei o strategie de investi\u021bii pe termen lung.&nbsp;<\/p>\n\n\n\n<p>Deoarece investi\u021biile in acest tip de ac\u021biuni iau \u00een considerare anumite aspecte ale unei companii cotate la burs\u0103 care tind s\u0103 se mi\u0219te lent, investi\u021biile \u00een ac\u021biunile de tip \u201cvalue\u201d&nbsp; sunt de obicei folosite ca o strategie de cump\u0103rare \u0219i p\u0103strare \u00een portofoliu a acestor ac\u021biuni.<\/p>\n\n\n\n<p><strong>Concluzie:&nbsp;<\/strong><\/p>\n\n\n\n<p><strong>Alegerea ac\u021biunilor de tip \u201cgrowth\u201d sau \u201cvalue\u201d depinde de apetitul pentru risc al fiec\u0103rui investitor. Pentru a echilibra portofoliul \u0219i a nu ne expune, putem alege calea de mijloc: un portofoliu echilibrat care sa contina ac\u021biuni atat de tip \u201cgrowth\u201d c\u00e2t \u0219i \u201cvalue\u201d, adic\u0103 un portofoliu diversificat.&nbsp;<\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Rezumat final Newsletter 8&nbsp;<\/strong><\/h4>\n\n\n\n<p><strong>De re\u021binut:&nbsp;<\/strong><\/p>\n\n\n\n<p>Un rezumat al celor mai importante trei lucruri prezentate ast\u0103zi \u00een newsletter, pe care ar trebui sa le iei cu tine:&nbsp;<\/p>\n\n\n\n<p><strong>\u25cf <\/strong><strong>&nbsp;O NOU\u0102 RUND\u0102 DE RAPORT\u0102RI FINANCIARE<\/strong><strong>. <\/strong>B\u0103ncile deschid \u201dbalul\u201d raport\u0103rilor pentru trimestrul 3 din 2024, s\u0103pt\u0103m\u00e2na trecut\u0103 JP Morgan \u0219i Wells Fargo au avut cifre foarte bune, impulsion\u00e2nd at\u00e2t ac\u021biunile proprii c\u00e2t \u0219i pia\u021ba, \u00een general. S\u0103pt\u0103m\u00e2na aceasta, foarte multe companii majore &#8211; financiare mai ales &#8211; vor avea raport\u0103ri. <strong>Aten\u021bie la ac\u021biunile din sectorul Financial.<\/strong><\/p>\n\n\n\n<p>\u25cf <strong>RANDAMENTUL BONDURILOR A CRESCUT \u00ceN CONTINUARE. <\/strong>Recenta t\u0103iere a ratei dobanzii de c\u0103tre FED, anun\u021bat\u0103 pe data de 18 septembrie, a fost menit\u0103 s\u0103 stimuleze cre\u0219terea economic\u0103 \u0219i sa reduc\u0103 presiunea asupra debitorilor. Cu toate acestea,<strong> \u00een mod paradoxal, bondurile au crescut<\/strong>, av\u00e2nd un c\u00e2\u0219tig la sf\u00e2r\u0219itul s\u0103pt\u0103m\u00e2nii trecute de 4%,<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>S\u0102PT\u0102M\u00c2NA TRECUT\u0102, SURPRIZ\u0102 DIN CHINA<\/strong><\/li>\n<\/ul>\n\n\n\n<p>&nbsp;Iat\u0103 cum au stat lucrurile s\u0103pt\u0103m\u00e2na trecut\u0103 pentru 5 dintre indicii globali:&nbsp;<\/p>\n\n\n\n<p>\u25cf <strong>S&amp;P500, US (simbol US500) <\/strong>a \u00eenregistrat o cre\u0219tere de 1,11% \u00een ultima s\u0103pt\u0103m\u00e2n\u0103;<\/p>\n\n\n\n<p>\u25cf <strong>DAX, Germania (simbol DE40) <\/strong>a \u00eenregistrat o cre\u0219tere de 1,32% \u00een ultima s\u0103pt\u0103m\u00e2n\u0103;&nbsp;<\/p>\n\n\n\n<p>\u25cf <strong>Nikkei 225, Japonia (simbol JP225) <\/strong>a \u00eenregistrat o cre\u0219tere de 2,45% \u00een ultima s\u0103pt\u0103m\u00e2n\u0103;&nbsp;<\/p>\n\n\n\n<p>\u25cf <strong>Nifty, India (NFTY) <\/strong>a \u00eenregistrat o cre\u0219tere de 0,22% \u00een ultima s\u0103pt\u0103m\u00e2n\u0103;&nbsp;<\/p>\n\n\n\n<p>\u25cf&nbsp; <strong>Shanghai, China (SSEC) <\/strong>a \u00eenregistrat o sc\u0103dere de 3,56%&nbsp; \u00een ultima s\u0103pt\u0103m\u00e2n\u0103.<\/p>\n\n\n\n<p><strong>Indicele Shanghai,<\/strong> \u0219i-a continuat cre\u0219terea p\u00e2n\u0103 mar\u021bi, 8 octombrie, c\u00e2nd a reu\u0219it s\u0103 treac\u0103 de maximul anterior din luna mai 2023. Au urmat apoi 3 zile de sc\u0103dere, indicele Shanghai \u00eenchiz\u00e2nd sub nivelul s\u0103pt\u0103m\u00e2nii anterioare.&nbsp;<\/p>\n\n\n\n<p><strong>China anun\u021b\u0103 un pachet de ajutor pentru economie de 325 de miliarde USD.<\/strong><\/p>\n\n\n\n<p><strong><em>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/em><\/strong><\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>O s\u0103pt\u0103m\u00e2n\u0103<\/strong><strong> <\/strong><strong>profitabil\u0103!&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>Urm\u0103toarea edi\u021bie &#8211; 21 Octombrie<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>14 octombrie 2024 Bine ai venit la edi\u021bia s\u0103pt\u0103m\u00e2nal\u0103 a newsletter-ului nostru despre pie\u021bele interna\u021bionale.&nbsp; Structurat pe 3 categorii de informa\u021bii, pentru o lectur\u0103 mai facil\u0103 \u0219i urm\u0103rirea cursiv\u0103: Acest newsletter are scop pur informativ \u0219i educativ, prin urmare nu con\u021bine recomand\u0103ri de investi\u021bii.&nbsp; SEC\u021aIUNEA: MARKET PERFORMANCE&nbsp; Rezumatul s\u0103pt\u0103m\u00e2nii precedente:&nbsp; 7 &#8211; 11 octombrie 2024&nbsp; [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":877,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":{"0":"post-923","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-newsletter-ro"},"acf":[],"_links":{"self":[{"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/posts\/923"}],"collection":[{"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/comments?post=923"}],"version-history":[{"count":1,"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/posts\/923\/revisions"}],"predecessor-version":[{"id":924,"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/posts\/923\/revisions\/924"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/media\/877"}],"wp:attachment":[{"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/media?parent=923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/categories?post=923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/tags?post=923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}