{"id":925,"date":"2024-10-21T01:12:09","date_gmt":"2024-10-20T22:12:09","guid":{"rendered":"https:\/\/market-monitor.staginghub.net\/?p=925"},"modified":"2024-10-27T12:54:46","modified_gmt":"2024-10-27T09:54:46","slug":"market-monitor-9","status":"publish","type":"post","link":"https:\/\/market-monitor.staginghub.net\/ro\/2024\/10\/21\/market-monitor-9\/","title":{"rendered":"Market Monitor 9"},"content":{"rendered":"\n<p><strong>21 Octombrie 2024<\/strong><\/p>\n\n\n\n<p>Bun venit 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>Acest material este structurat pe<strong> 3 categorii de informa\u021bii, <\/strong>pentru o lectur\u0103 mai facil\u0103 \u0219i urm\u0103rire 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>14-18 octombrie 2024&nbsp;<\/strong><\/p>\n\n\n\n<p>\u25cf &nbsp; <strong>INFLA\u021aIE \u00ceN CRE\u0218TERE PE TERMEN MEDIU \u0218I LUNG<\/strong>. Mar\u021bi, 15 octombrie, Centrul pentru Date Microeconomice al NY Fed Reserve a publicat sondajul privind a\u0219tept\u0103rile consumatorilor pentru luna septembrie 2024.&nbsp;<\/p>\n\n\n\n<p>Astfel, a\u0219tept\u0103rile privind infla\u021bia la un an au r\u0103mas neschimbate la <strong>3,0%<\/strong>, au crescut la <strong>2,7%<\/strong> de la <strong>2,5%<\/strong> la trei ani \u0219i au crescut la <strong>2,9%<\/strong> de la <strong>2,8%<\/strong> la cinci ani. (Cite\u0219te raportul aici <a href=\"https:\/\/www.newyorkfed.org\/newsevents\/news\/research\/2024\/20241015\">Delinquency Expectations Continue to Deteriorate; Inflation Expectations Tick Up at the Medium- and Longer-Term Horizons &#8211; FEDERAL RESERVE BANK of NEW YORK (newyorkfed.org)<\/a>&nbsp;<\/p>\n\n\n\n<p>\u25cf <strong>INDICII AMERICANI \u00ceN CRE\u0218TERE VINERI<\/strong>. Indicii S&amp;P 500<strong> <\/strong>\u0219i Nasdaq<strong> <\/strong>au crescut vineri, impulsionate de o cre\u0219tere a ac\u021biunilor Netflix<strong> <\/strong>\u0219i de c\u00e2\u0219tigurile ample ale ac\u021biunilor din sectorul tehnologiei. (Cite\u0219te tot articolul aici <a href=\"https:\/\/www.reuters.com\/markets\/us\/wall-street-futures-rise-tech-stocks-gain-netflix-jumps-after-strong-earnings-2024-10-18\/\">S&amp;P 500, Nasdaq buoyed by tech stocks; Netflix soars after results | Reuters<\/a><\/p>\n\n\n\n<p>\u25cf <strong>US RETAIL SALES A CRESCUT PESTE PREVIZIUNI.<\/strong> \u00centr-un semn \u00eencurajator pentru cre\u0219terea economic\u0103 din trimestrul al treilea, valoarea <strong>v\u00e2nz\u0103rilor cu am\u0103nuntul din SUA a crescut cu 0,4% luna trecut\u0103<\/strong> (fa\u021b\u0103 de o previziune de cre\u0219tere de 0,3%), acceler\u00e2nd de la cre\u0219terea de 0,1% \u00eenregistrat\u0103 \u00een August.&nbsp; <\/p>\n\n\n\n<p>Cre\u0219terea cheltuielilor de consum a fost larg r\u0103sp\u00e2ndit\u0103: 10 din cele 13 categorii de comercian\u021bi cu am\u0103nuntul au raportat v\u00e2nz\u0103ri mai mari pentru luna trecut\u0103.<br>Dac\u0103 se exclud dealerii auto, materialele de construc\u021bie, serviciile alimentare \u0219i sta\u021biile de benzin\u0103 &#8211; indicele de consum a urcat cu 0,7% fa\u021b\u0103 de luna precedent\u0103 cea, mai rapid\u0103 rat\u0103 de cre\u0219tere din ultimele trei luni.<\/p>\n\n\n\n<p><strong>\u25cf PRODUC\u021aIA INDUSTRIAL\u0102 A SC\u0102ZUT, FED SPUNE C\u0102 E CONJUNCTURAL<\/strong> &#8211; Indicele produc\u021biei industriale <strong>(IPI)<\/strong> urm\u0103re\u0219te produc\u021bia total\u0103 a fabricilor, minelor \u0219i utilit\u0103\u021bilor din SUA.&nbsp;<\/p>\n\n\n\n<p>Previziunea a fost de sc\u0103dere de <strong>-0.1%<\/strong>, dar cifra raportat\u0103 a fost mai defavorabil\u0103 &#8211; sc\u0103dere de <strong>-0,3%<\/strong> a produc\u021biei industriale pe luna Septembrie, fapt v\u0103zut de Fed ca fiind o chestiune conjunctural\u0103 \u0219i pus\u0103 pe seama grevei de la Boeing \u0219i celor dou\u0103 uragane care au m\u0103turat SUA.<\/p>\n\n\n\n<p><strong>\u25cf SECTORUL REAL ESTATE, UNA CALD\u0102, UNA RECE<\/strong>&nbsp;&#8211; Num\u0103rul caselor noi \u00een Septembrie a fost raportat la 1,35 milioane, \u00een sc\u0103dere cu -0,5% fa\u021b\u0103 de luna august, \u00een timp ce autoriza\u021biile de construc\u021bie, un indicator pentru proiectele viitoare,<strong> <\/strong>au sc\u0103zut cu -2,9%, la 1,4 milioane.<br>\u00cen acela\u0219i timp, a sc\u0103zut \u0219i rata dob\u00e2nzii pentru creditele imobiliare, ceea ce a impulsionat sectorul <strong>Real Estate<\/strong> &#8211; vezi graficul evolu\u021biei pe sectoare pentru s\u0103pt\u0103m\u00e2na trecut\u0103, c\u00e2nd <strong>Real Estate<\/strong> a avut o cre\u0219tere de <strong>2,76%<\/strong>.<\/p>\n\n\n\n<p><strong>\u25cf PIB-UL CHINEI ESTE \u00ceN SC\u0102DERE<\/strong>&nbsp;&#8211; Economia Chinei a crescut sub a\u0219tept\u0103ri \u00een trimestrul al treilea, au ar\u0103tat vineri datele oficiale, subliniind provocarea cu care se confrunt\u0103 Beijingul \u00een \u00eencercarea de a revigora activitatea economic\u0103.<\/p>\n\n\n\n<p>Produsul intern brut al Chinei a crescut cu 4,6% de la an la an \u00een perioada iulie-septembrie, mai pu\u021bin dec\u00e2t cre\u0219terea de 4,7% raportat\u0103 pentru trimestrul anterior. A fost cel mai slab raport din ultimele 18 luni \u0219i sub \u021binta de 5% a guvernului pentru tot parcursul anului 2024..<\/p>\n\n\n\n<p>Beijingul a anun\u021bat recent m\u0103suri de stimulare \u00een valoare de 325 de miliarde de dolari, pentru a impulsiona o economie ce pare \u00een fr\u00e2nare. <\/p>\n\n\n\n<p>O tendin\u021b\u0103 defla\u021bionist\u0103 sus\u021binut\u0103, cheltuielile private foarte sc\u0103zute \u0219i crash-ul prelungit al pie\u021bei imobiliare reprezint\u0103 \u00een continuare problemele presante ale celei de-a doua economii a lumii.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-left\"><strong>SEZONUL RAPORT\u0102RILOR FINANCIARE<\/strong><\/h4>\n\n\n\n<p><strong>Raport\u0103ri financiare importante<\/strong><strong>:<\/strong><strong>&nbsp;<\/strong><\/p>\n\n\n\n<p><strong><span style=\"background-color:#920505\" class=\"td_text_highlight_marker\">ATEN\u021aIE: <\/span><\/strong>Numeroase raport\u0103ri financiare \u00een s\u0103pt\u0103m\u00e2na care s-a \u00eencheiat&nbsp; pentru Q3 2024 \u0219i alte raport\u0103ri importante \u00een s\u0103pt\u0103m\u00e2na care urmeaz\u0103, ce \u00ee\u021bi pot afecta portofoliul. <strong>Verific\u0103 datele de raportare<\/strong> pentru ac\u021biunile de\u021binute \u0219i urm\u0103re\u0219te \u00eendeaproape evolu\u021bia lor \u00een aceast\u0103 perioad\u0103. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/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>S\u0103pt\u0103m\u00e2na ce s-a \u00eencheiat a marcat raport\u0103ri financiare excelente, mult peste a\u0219tept\u0103ri, pentru unele dintre b\u0103ncile americane <strong>(Bank of America, Goldman Sachs, Morgan Stanley, CitiGroup etc.)<\/strong> \u0219i pentru companii din sectorul tehnologic <strong>(TSM \u0219i ASML)<\/strong>. <strong>Netflix<\/strong>, la r\u00e2ndul s\u0103u, a impulsionat pia\u021ba cu cifre foarte bune, num\u0103r de abona\u021bi \u00een cre\u0219tere \u0219i raport\u00e2nd \u0219i un <strong>EPS<\/strong> surprinz\u0103tor de bun.<\/p>\n\n\n\n<p>Ai mai jos un tabel cu c\u00e2teva dintre companiile mai importante care au prezentat rezultatele financiare ale activit\u0103\u021bii pentru trimestrul trecut.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXc0UHHnjwM3trQ7dAK50gGN582GYRJiG1vXzLMMqQ_QaKhloppZ6vhTzufGhFR1uHK2bsrbSXXSyJxAGbymT6xWydNIjwedVaGRlMJIr7p6qx_Qeqpn9f3C4qQ0eqjmQrHkEQK6IhixSgrw643HrjUMnVHbJEd531zXCH1y_g?key=AZGG1dij_R1XZtP2muS9fw\" alt=\"\"\/><\/figure>\n\n\n\n<p><strong>Ce se va \u00eent\u00e2mpla s\u0103pt\u0103m\u00e2na aceasta:<\/strong><\/p>\n\n\n\n<p>\u00cen aceast\u0103 s\u0103pt\u0103m\u00e2n\u0103, sute de alte raport\u0103ri &#8211; miercuri este a\u0219teptat\u0103 <strong>Tesla (TSLA) <\/strong>\u0219i <strong>Coca-Cola (KO)<\/strong>, joi avem <strong>London Stock Exchange (LNSTY)<\/strong>, vineri <strong>Sanofi (SNY)<\/strong> \u0219i <strong>Mercedes Benz (MGBAF)<\/strong>, pentru a da numai c\u00e2teva exemple.<\/p>\n\n\n\n<p>Mai jos, o scurt\u0103 selec\u021bie a companiilor care \u00ee\u0219i vor prezenta public cifrele s\u0103pt\u0103m\u00e2na aceasta:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXdUq3UL_475aONoDPlTRqP491A0MMjxX39XdJ4s6Y6vk5U5VjSYdx5RTLAbBiJrS61AewdXc3Z2DZY1SOJYO1Wvo6av1rRWl-DNfSlgMRx8QGrR0yvX6X9v_RvEVjl8hfh7W9lCl7sx2apf_KVlmOQXtmMMrLxOIMjUPYSRcg?key=AZGG1dij_R1XZtP2muS9fw\" alt=\"\"\/><\/figure>\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>&nbsp;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 <\/strong>(simbol US500\/SPX) cu 0,85%&nbsp;<\/li>\n\n\n\n<li><strong>Dow Jones Industrial Average <\/strong>(simbol DJI) cu 0,96%<\/li>\n\n\n\n<li><strong>Nasdaq Composite (simbol IXIC) <\/strong>cu 0,80%&nbsp;<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"868\" height=\"1112\" src=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-11.39.16.png\" alt=\"\" class=\"wp-image-632\" srcset=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-11.39.16.png 868w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-11.39.16-234x300.png 234w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-11.39.16-799x1024.png 799w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-11.39.16-768x984.png 768w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-11.39.16-150x192.png 150w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-11.39.16-300x384.png 300w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-11.39.16-696x892.png 696w\" sizes=\"(max-width: 868px) 100vw, 868px\" \/><\/figure>\n\n\n\n<p><em>S&amp;P 500 (US) &#8211; grafic daily&nbsp; <\/em><strong><em>&nbsp; &nbsp; &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\/Screenshot-2024-10-19-at-11.48.41.png\" alt=\"\" class=\"wp-image-631\" srcset=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-11.48.41.png 870w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-11.48.41-234x300.png 234w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-11.48.41-800x1024.png 800w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-11.48.41-768x983.png 768w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-11.48.41-150x192.png 150w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-11.48.41-300x384.png 300w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-11.48.41-696x891.png 696w\" sizes=\"(max-width: 870px) 100vw, 870px\" \/><\/figure>\n\n\n\n<p><strong><em>&nbsp;<\/em><\/strong><em>DJI (US) &#8211; grafic daily&nbsp;<\/em><strong><em>&nbsp;&nbsp;&nbsp;<\/em><\/strong><\/p>\n\n\n\n<p><em>Sursa graficelor: investing.com&nbsp;<\/em><\/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 din nou maxime noi s\u0103pt\u0103m\u00e2na trecut\u0103. Indicatorul RSI r\u0103m\u00e2ne sub nivelul de 70, ceea ce \u00eenseamn\u0103 ca trendul pozitiv pierde momentum, specific fazei finale a unui trend cresc\u0103tor.<\/p>\n\n\n\n<p>(vezi si sec\u021biunea <strong>Analiza trendurilor<\/strong> principalilor indici globali)<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Evolu\u021bii pe sectoare, s\u0103pt\u0103m\u00e2na trecut\u0103 \/ 14 &#8211; 18 Octombrie<\/strong><\/h4>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1180\" height=\"399\" src=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/week.png\" alt=\"\" class=\"wp-image-630\" srcset=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/week.png 1180w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/week-300x101.png 300w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/week-1024x346.png 1024w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/week-768x260.png 768w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/week-150x51.png 150w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/week-696x235.png 696w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/week-1068x361.png 1068w\" sizes=\"(max-width: 1180px) 100vw, 1180px\" \/><\/figure>\n\n\n\n<p><strong><em>&nbsp;Sursa: Finviz<\/em><\/strong><\/p>\n\n\n\n<p>O s\u0103pt\u0103m\u00e2n\u0103 cu&nbsp;<strong>9 sectoare pe verde<\/strong>&nbsp;<strong>2 sectoare pe sc\u0103dere.<\/strong><\/p>\n\n\n\n<p><strong>Energia, care a fost campioana ultimei luni, cu o cre\u0219tere de +7,32%, <\/strong>avut acum o a doua s\u0103pt\u0103m\u00e2n\u0103 de sc\u0103dere, cu -2,5%, \u00een principal din cauza sc\u0103derii pre\u021bului petrolului, care a avut s\u0103pt\u0103m\u00e2na aceasta un declin de -4%, \u00een principal pe fondul tensiunilor din orientul Mijlociu.<\/p>\n\n\n\n<p><strong>Real Estate<\/strong> &#8211; sectorul \u0219i-a revenit \u00een condi\u021biile sc\u0103derii ratei dob\u00e2nzii pentru creditele imobiliare, cump\u0103r\u0103torii dau semne c\u0103 revin \u00een pia\u021b\u0103 iar pre\u021bul caselor s-a mai temperat. Rata dob\u00e2nzii la \u00eemprumuturi pe 30 de ani a sc\u0103zut de la 7,79% \u00een octombrie anul trecut la 6,44 % s\u0103pt\u0103m\u00e2na trecut\u0103.<\/p>\n\n\n\n<p><strong>Sectorul Technology r\u0103m\u00e2ne pe trend pozitiv, <\/strong>av\u00e2nd o cre\u0219tere \u00een ultima lun\u0103 de 5,26%, continu\u00e2nd s\u0103pt\u0103m\u00e2na trecut\u0103 cu o apreciere de +0,69%. Raport\u0103rile <strong>Taiwan Semiconductor Manufacturing (TSM)<\/strong> din aceast\u0103 s\u0103pt\u0103m\u00e2n\u0103, mult peste a\u0219tept\u0103ri &#8211; EPS raportat pe Q3 cu 8,7% mai mare fa\u021b\u0103 de cel previzionat, au impulsionat sectorul <strong>Technology.<\/strong><\/p>\n\n\n\n<p>Sectorul <strong>Utilities <\/strong>a crescut puternic dup\u0103 ce investitorii s-au reorientat c\u0103tre acest sector \u00een trendul cererii tot mai mari de energie a companiilor Big Tech, necesare pentru tehnologiile de big data, clouds \u0219i AI.<\/p>\n\n\n\n<p>Sectorul <strong>Financial <\/strong>are o cre\u0219tere sus\u021binut\u0103 oferit\u0103 de raport\u0103rile pozitive pe Q3 de s\u0103pt\u0103m\u00e2na trecut\u0103 ale marilor b\u0103nci americane.<\/p>\n\n\n\n<p><strong>Basic materials <\/strong>cre\u0219te de pe urma cre\u0219terii pre\u021bului la materiile prime (metalele au cunoscut o cre\u0219tere de pre\u021b consolidat\u0103 de 17% de la \u00eenceputul anului), aurul a ajuns la noi maxime &#8211; 2721 dolari pe uncie, vineri.<\/p>\n\n\n\n<p><strong>Cre\u0219teri:<\/strong><\/p>\n\n\n\n<p>\u25a0 <strong>Utilities, <\/strong>cu o cre\u0219tere de&nbsp; +3,35%<\/p>\n\n\n\n<p>\u25a0 <strong>Real Estate, <\/strong>cu o cre\u0219tere de +2,76 %<\/p>\n\n\n\n<p>\u25a0 <strong>Financial, <\/strong>cu o cre\u0219tere de +2,34%<\/p>\n\n\n\n<p>\u25a0 <strong>Basic materials, <\/strong>cu o cre\u0219tere de +1,39 %<\/p>\n\n\n\n<p>\u25a0 <strong>Industrials, <\/strong>cu o cre\u0219tere de +1,01 %&nbsp;<\/p>\n\n\n\n<p>\u25a0 <strong>Technology, <\/strong>cu o cre\u0219tere de de +0,69 %<\/p>\n\n\n\n<p>\u25a0 <strong>Consumer defensive, <\/strong>cu o cre\u0219tere&nbsp; de +0,67 %<\/p>\n\n\n\n<p>\u25a0 <strong>Communication Services, <\/strong>cu o cre\u0219tere de +0,4%&nbsp;<\/p>\n\n\n\n<p>\u25a0 <strong>Consumer Cyclical, <\/strong>cu o cre\u0219tere de +0,17 %<\/p>\n\n\n\n<p><strong>Sc\u0103deri:<\/strong><\/p>\n\n\n\n<p>\u25a0 <strong>Healthcare, <\/strong>cu o sc\u0103dere de -0,05 %<\/p>\n\n\n\n<p>\u25a0 <strong>Energy, <\/strong>cu o sc\u0103dere de -2,5%<\/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><strong>14-18 Octombrie<\/strong><\/p>\n\n\n\n<p><em>Un calendar economic mult mai lejer \u00een aceast\u0103 s\u0103pt\u0103m\u00e2n\u0103, f\u0103r\u0103 prea multe evenimente care s\u0103 afecteze bursa. Vor fi mai multe declara\u021bii publice ale membrilor boardului Fed.<\/em><\/p>\n\n\n\n<p><em>Chiar dac\u0103 evenimentele economice sunt \u00een registrul benign, nu uita de sezonul raport\u0103rilor financiare, fii cu ochii pe \u201dearnings\u201d pentru c\u0103 pot ajuta sau dezavantaja portofoliul t\u0103u.<\/em><\/p>\n\n\n\n<p><strong>LUNI \/ 21 OCTOMBRIE<\/strong><\/p>\n\n\n\n<p><strong>Ora 17,00<\/strong><\/p>\n\n\n\n<p><strong>\u25cf US Leading economic indicators (LEIs) <\/strong>&#8211; un set de 10 indicatori care ofer\u0103 date referitoare la tendin\u021bele economiei americane, lu\u00e2nd ca baz\u0103 de raportare luna Septembrie. Ultima raportare &#8211; pentru luna August &#8211; a fost \u00een 19 Septembrie, \u0219i a ar\u0103tat un declin al acestui indicator compus (de la valoarea de 101 \u00een Iunie, la 100,4 \u00een Iulie \u0219i 100,2 \u00een August), semnal\u00e2nd un u\u0219oar\u0103 \u00eencetinire a economiei americane.<br>Acum se previzioneaz\u0103 continuarea sc\u0103derii, cu \u00eenc\u0103 -0,3%, fa\u021b\u0103 de valoarea anterioar\u0103 a acestui indice.<\/p>\n\n\n\n<p><strong>JOI \/ 24 OCTOMBRIE<\/strong><\/p>\n\n\n\n<p><strong>Ora 15,30<\/strong><\/p>\n\n\n\n<p><strong>\u25cf Initial Jobless Claims &#8211; <\/strong>noile cereri de \u0219omaj, previzionate \u00een u\u0219oar\u0103 cre\u0219tere, de la 241,000 s\u0103pt\u0103m\u00e2na trecut\u0103 la 250,000.<\/p>\n\n\n\n<p><strong>Ora 17,30<\/strong><\/p>\n\n\n\n<p><strong>\u25cf New homes sales<\/strong>: O previziune \u00een cre\u0219tere, de la 716,000 \u00een luna August, la 720,000 \u00een luna Septembrie, confirm\u00e2nd \u0219i cre\u0219terea sectorului <strong>Real Estate.<\/strong><\/p>\n\n\n\n<p><strong>VINERI \/ 25 OCTOMBRIE&nbsp;<\/strong><\/p>\n\n\n\n<p><strong>ORA 15,30&nbsp;<\/strong><\/p>\n\n\n\n<p><strong>\u25cf Durable goods orders&nbsp; <\/strong>&#8211; un indice care m\u0103soar\u0103 noile comenzi de \u201ddurable goods\u201d &#8211; automobile, mobil\u0103, computere, echipamente de gospod\u0103rie etc. Este un indicator ce este legat de ac\u021biunile din sectorul <strong>Consumer Cyclical. <\/strong>Previziunea pentru luna septembrie este ca acest indicator s\u0103 scad\u0103 cu -1%, ar\u0103t\u00e2nd re\u021binerea consumatorilor \u00een a face cheltuieli cu bunuri de care nu au urgent\u0103 nevoie.<\/p>\n\n\n\n<p><strong>ORA 17,00<\/strong><\/p>\n\n\n\n<p><strong>\u25cf Consumer sentiment (final)<\/strong> &#8211; este un indice foarte atent supravegheat de pia\u021b\u0103,&nbsp; realizat de c\u0103tre Universitatea din Michigan, despre gradul de optimism sau pesimism al consumatorilor americani vizavi de economie \u0219i despre finan\u021bele personale.<br>Pentru aceast\u0103 lun\u0103, previziunea este de u\u0219oar\u0103 cre\u0219tere, de la 68,9 la 69.<\/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&nbsp;<\/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 0,85% \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 1,46% \u00een ultima s\u0103pt\u0103m\u00e2n\u0103;&nbsp;<\/p>\n\n\n\n<p>\u25cf&nbsp; <strong>Shanghai, China (SSEC) <\/strong>a \u00eenregistrat o cre\u0219tere de 1,36%&nbsp; \u00een ultima s\u0103pt\u0103m\u00e2n\u0103;<\/p>\n\n\n\n<p>\u25cf <strong>Nifty, India (NFTY) <\/strong>a \u00eenregistrat o sc\u0103dere de 1,27% \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 sc\u0103dere de 1,51% \u00een ultima s\u0103pt\u0103m\u00e2n\u0103.&nbsp;<\/p>\n\n\n\n<p><strong>Indicele DAX din Germania <\/strong>r\u0103m\u00e2ne pe trend cresc\u0103tor \u0219i a f\u0103cut saptamana aceasta noi maxime.&nbsp;<\/p>\n\n\n\n<p><strong>Indicele japonez <\/strong>a recuperat 78,6% din sc\u0103derea masiv\u0103 de la \u00eenceputul lunii august. Insa revenirea pare mai degraba <strong>corectiva<\/strong> decat reluarea trendului crescator.&nbsp;<\/p>\n\n\n\n<p><strong>Corectia indicelui Shanghai <\/strong>pare s\u0103 se fi stabilizat la valoarea de 50% din cre\u0219terea \u00eenceput\u0103 \u00een luna septembrie.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Indicele din <strong>India <\/strong>a continuat saptamana aceasta tendin\u021ba descresc\u0103toare pe termen scurt. Trendul principal ramane crescator.&nbsp;<\/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=\"1122\" height=\"1341\" src=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/dax.png\" alt=\"\" class=\"wp-image-633\" srcset=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/dax.png 1122w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/dax-251x300.png 251w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/dax-857x1024.png 857w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/dax-768x918.png 768w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/dax-150x179.png 150w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/dax-300x359.png 300w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/dax-696x832.png 696w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/dax-1068x1276.png 1068w\" sizes=\"(max-width: 1122px) 100vw, 1122px\" \/><\/figure>\n\n\n\n<p><em>DAX (Germania) &#8211; grafic daily&nbsp; &nbsp; <\/em><strong><em>&nbsp; &nbsp; <\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"872\" height=\"1022\" src=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-12.17.00.png\" alt=\"\" class=\"wp-image-636\" srcset=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-12.17.00.png 872w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-12.17.00-256x300.png 256w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-12.17.00-768x900.png 768w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-12.17.00-150x176.png 150w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-12.17.00-300x352.png 300w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-12.17.00-696x816.png 696w\" sizes=\"(max-width: 872px) 100vw, 872px\" \/><\/figure>\n\n\n\n<p><strong><em>&nbsp;<\/em><\/strong><em>Indicele Nikkei 225 &#8211; grafic daily <\/em><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"870\" height=\"1112\" src=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-11.56.37-1.png\" alt=\"\" class=\"wp-image-637\" srcset=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-11.56.37-1.png 870w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-11.56.37-1-235x300.png 235w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-11.56.37-1-801x1024.png 801w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-11.56.37-1-768x982.png 768w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-11.56.37-1-150x192.png 150w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-11.56.37-1-300x383.png 300w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-11.56.37-1-696x890.png 696w\" sizes=\"(max-width: 870px) 100vw, 870px\" \/><\/figure>\n\n\n\n<p><em>Shanghai Composite (China) &#8211; daily<\/em><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"872\" height=\"984\" src=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-12.11.12-1.png\" alt=\"\" class=\"wp-image-638\" srcset=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-12.11.12-1.png 872w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-12.11.12-1-266x300.png 266w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-12.11.12-1-768x867.png 768w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-12.11.12-1-150x169.png 150w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-12.11.12-1-300x339.png 300w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-19-at-12.11.12-1-696x785.png 696w\" sizes=\"(max-width: 872px) 100vw, 872px\" \/><\/figure>\n\n\n\n<p><em>Nifty 50 (India) &#8211; grafic daily<\/em><\/p>\n\n\n\n<p><em>Sursa: investing.com &nbsp; &nbsp;<\/em><\/p>\n\n\n\n<p>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 \u0219i Japonia)<\/strong>.&nbsp;<\/p>\n\n\n\n<p>\u25cf Pe termen scurt, indice <strong>Shanghai<\/strong> a intrat \u0219i el pe un trend ascendent.&nbsp;<\/p>\n\n\n\n<p>\u25cf Indicele <strong>american<\/strong> \u0219i cel din <strong>Germania<\/strong> au 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 \u0219i perspective &#8211; ce spun anali\u0219tii&nbsp;despre pia\u021b\u0103<\/strong><\/h4>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>\u25cf <\/strong><strong>AR PUTEA FI AL DOILEA AN CONSECUTIV CU CRE\u0218TERE PESTE 20%. <\/strong>Dac\u0103 acest lucru se \u00eent\u00e2mpl\u0103, ar fi a cincea oar\u0103, \u00een 75 de ani, c\u00e2nd ar avea loc un astfel de eveniment. Analiza pie\u021bei arat\u0103 c\u0103, \u00een cele mai multe cazuri, dup\u0103 aceste cre\u0219teri de doi ani consecutivi cu rate peste 20%, <strong>a urmat un an tot cu cre\u0219tere<\/strong>, chiar dac\u0103 \u00een termeni mai mode\u0219ti.<\/p>\n\n\n\n<p><strong><em>\u201dBut the strength of this market over the last two years has not been by luck. Instead, it&#8217;s been powered by the &#8222;big three&#8221; fundamentals: a growing economy, a more friendly interest-rate policy outlook, and rising corporate profits.\u201d<\/em><\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.edwardjones.com\/us-en\/market-news-insights\/stock-market-news\/stock-market-weekly-update\">Vezi articolul complet aici.<\/a><\/p>\n\n\n\n<p><strong>\u25cf<\/strong> <strong>DE CE CRED ANALI\u0218TII C\u0102 ECONOMIA AMERICAN\u0102 ARAT\u0102 BINE<\/strong>. Anali\u0219tii de la<strong> Market Watch<\/strong> cred c\u0103 economia american\u0103 arat\u0103 mult mai bine dec\u00e2t cred politicienii \u0219i o parte din pres\u0103. Ei spun c\u0103 economia US o duce mult mai bine dec\u00e2t economiile \u021b\u0103rilor din G7 \u0219i c\u0103, cu excep\u021bia anilor de pandemie, are o cre\u0219tere sus\u021binut\u0103 de aproape dou\u0103 decenii. \u0218i au \u0219i c\u00e2teva motive &#8211; vezi articolul.<\/p>\n\n\n\n<p><strong><em>&#8222;<\/em><\/strong><strong><em>The U.S. unemployment rate is 4.1%. And&nbsp; there are still 8 million job openings.&nbsp; Employers simply can\u2019t find enough workers.\u201d<\/em><\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.marketwatch.com\/story\/washington-d-c-doesnt-work-you-know-what-does-america-itself-f4aba595?&amp;mod=home-page\">Vezi articolul complet aici.<\/a><\/p>\n\n\n\n<p><strong>\u25cf DE CE AU CRESCUT AC\u021aIUNILE VISTRA DE 4 ORI? <\/strong><\/p>\n\n\n\n<p>JP Morgan vede <strong>VISTRA<\/strong> \u00eentr-o pozi\u021bie privilegiat\u0103 (<em>catbird seat<\/em>), urmat\u0103 de alte dou\u0103 companii din energie &#8211; <strong>Talen Energy <\/strong>\u0219i <strong>Constellation Energy.<\/strong><\/p>\n\n\n\n<p><strong>\u201c<\/strong><strong><em>We see structural tailwinds, including manufacturing onshoring, broader electrification trends (transportation, heating and more), as well [as] data-center development underpinning a paradigm shift in power demand,\u201d&nbsp; wrote JP Morgan analyst in a note to clients.<\/em><\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.marketwatch.com\/story\/vistras-stock-has-quadrupled-in-a-year-heres-why-its-not-too-late-to-buy-9e00d8e8?mod=economic-report\">Vezi articolul complet aici.<\/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><em>EDUCATION GUIDE&nbsp;<\/em><\/strong><\/h4>\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, am ajuns \u0219i la<\/em><strong><em> sec\u021biunea s\u0103pt\u0103m\u00e2nal\u0103 de educa\u021bie<\/em><\/strong><em>.&nbsp;<\/em><\/p>\n\n\n\n<p><em>Vei primi informa\u021bii peste nivelul cursurilor clasice, cu 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.&nbsp;<\/em><\/p>\n\n\n\n<p><strong><span style=\"background-color:#191717\" class=\"td_text_highlight_marker\">Analiza Fundamental\u0103.&nbsp;<\/span><\/strong><\/p>\n\n\n\n<p><strong>CUM TREBUIE FOLOSIT CORECT INDICATORUL PER<\/strong><\/p>\n\n\n\n<p><em>Avantaje \u0219i dezavantaje atunci cand utilizam PER \u00een analiza fundamental\u0103 \u0219i implicit \u00een decizia de a investi \u00een anumite ac\u021biuni&nbsp;<\/em><\/p>\n\n\n\n<p><strong>Cum se calculeaza indicatorul PER ?<\/strong><\/p>\n\n\n\n<p>Price to earnings per share (prescurtat PER) se calculeaz\u0103 astfel:<\/p>\n\n\n\n<p><strong>PER =&nbsp; Valoarea de piata a unei actiuni\/ EPS<\/strong>*<\/p>\n\n\n\n<p>*Unde EPS = earnings per share sau profitul net per ac\u021biune pentru ultimele 12 luni (<em>12 trailing twelve months, sau TTM<\/em>). Pentru mai multe detalii si exemple privind calculul EPS te rog sa consulti num\u0103rul 3 al newsletter-ului nostru din data de 9 septembrie 2024)<\/p>\n\n\n\n<p>Pentru calculul PER am folosit ca exemplu compania Eli Lilly &amp; Company (simbol LLY). Pentru a calcula PER pentru ultimele 12 luni, avem nevoie de datele companiei pentru ultimele 12 luni.<\/p>\n\n\n\n<p>Intr\u00e2nd pe site-ul companiei LLY la sec\u021biunea \u00ab investors \u00bb (<a href=\"https:\/\/investor.lilly.com\/financial-information\/quarterly-results\">Quarterly Results | Eli Lilly and Company<\/a> ) vom vedea c\u0103 ultimele situa\u021bii financiare publicate au fost la data de 30 iunie 2024.<\/p>\n\n\n\n<p>\u00cen contul de profit \u0219i pierdere g\u0103sim EPS la ultimile 3 luni (adic\u0103 pentru perioada 1 aprilie \u2013 30 iunie 2024 (marcat cu galben mai jos):&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"690\" height=\"487\" src=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Analiza_grafic-1.png\" alt=\"\" class=\"wp-image-622\" srcset=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Analiza_grafic-1.png 690w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Analiza_grafic-1-300x212.png 300w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Analiza_grafic-1-150x106.png 150w\" sizes=\"(max-width: 690px) 100vw, 690px\" \/><\/figure>\n\n\n\n<p><em>sursa :<\/em><a href=\"https:\/\/investor.lilly.com\/financial-information\/quarterly-results\"><em> <\/em><em>https:\/\/investor.lilly.com\/financial-information\/quarterly-results<\/em><\/a><\/p>\n\n\n\n<p>Proced\u0103m \u00een mod similar pentru celelalte trimestre din ultimul an \u0219i anume:<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"484\" height=\"170\" src=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Analiza_grafic-2.1.png\" alt=\"\" class=\"wp-image-623\" srcset=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Analiza_grafic-2.1.png 484w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Analiza_grafic-2.1-300x105.png 300w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Analiza_grafic-2.1-150x53.png 150w\" sizes=\"(max-width: 484px) 100vw, 484px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>Asadar, PER = 884,48 USD\/ 8,12 USD = 109<\/p>\n\n\n\n<p><strong>Cum interpretam indicatorul PER?<\/strong><\/p>\n\n\n\n<p><strong>PER indic\u0103 suma \u00een dolari pe care un investitor o investe\u0219te \u00eentr-o companie pentru a primi 1 USD din c\u00e2\u0219tigurile acelei companii. <\/strong>Prin urmare, este uneori numit multiplu de pre\u021b, deoarece arat\u0103 c\u00e2t de mult sunt dispu\u0219i investitorii s\u0103 pl\u0103teasc\u0103 pe 1 dolar de c\u00e2\u0219tiguri.&nbsp;<\/p>\n\n\n\n<p>Dac\u0103 o companie se tranzac\u021bioneaz\u0103 la un multiplu PER de 10x, investitorii pl\u0103tesc 10 USD pentru 1 USD din c\u00e2\u0219tigurile curente.&nbsp;<\/p>\n\n\n\n<p>Cu alte cuvinte, <strong>PER indica num\u0103rul de ani <\/strong>de care este nevoie pentru recuperarea investi\u021biei la pre\u021bul actual al ac\u021biunii, \u00een condi\u021biile \u00een care profitul net ramane la aceea\u0219i valoare, iar compania distribuie tot profitul sub forma de dividende.<\/p>\n\n\n\n<p>\u00cen general, un PER mai mic de 10 ne arat\u0103 o companie relativ ieftin\u0103, \u00een timp ce un PER&nbsp; mai mare de 20 ne arat\u0103 o companie supraapreciata. Trebuie sa \u021binem cont \u00eens\u0103 \u0219i de specificul companiei.<\/p>\n\n\n\n<p>Asadar, pentru compania noastra, <strong>LLY,<\/strong> vom compara PER-ul cu cel al companiilor similare, din acela\u0219i sector. <\/p>\n\n\n\n<p>Am selectat folosind Finviz toate companiile din sectorul Healthcare, industria Drug Manufacturers &#8211; General cu capitalizare mai mare de 100 miliarde de dolari:<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"855\" height=\"240\" src=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Analiza_grafic-2.png\" alt=\"\" class=\"wp-image-624\" srcset=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Analiza_grafic-2.png 855w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Analiza_grafic-2-300x84.png 300w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Analiza_grafic-2-768x216.png 768w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Analiza_grafic-2-150x42.png 150w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Analiza_grafic-2-696x195.png 696w\" sizes=\"(max-width: 855px) 100vw, 855px\" \/><\/figure>\n\n\n\n<p><em>Sursa: Finviz<\/em><\/p>\n\n\n\n<p>Dup\u0103 cum se poate observa, \u00een afar\u0103 e o singura companie, <strong>Novartis AG<\/strong>, toate celelalte companii au un PER mai mare de 20.<\/p>\n\n\n\n<p>Acest lucru ne indica faptul ca un PER peste 20 este \u00ab normal \u00bb&nbsp; pentru acest sector. O medie a companiilor selectate ne indica un PER in jur de 51.<\/p>\n\n\n\n<p>Pe de alta parte, <strong>LLY<\/strong> are un PER de 110, cel mai mare dintre cele 11 companii, ceea ce \u00eenseamn\u0103 ca ne vom recupera investi\u021bia in 110 ani !<\/p>\n\n\n\n<p>Pentru a vedea unde se pozi\u021bioneaza compania analizata \u00een func\u021bie de <strong>media sectorului<\/strong>, pute\u021bi g\u0103si mai multe informa\u021bii aici: <a href=\"https:\/\/fullratio.com\/pe-ratio-by-industry\">&nbsp;PE ratio by industry &#8211; FullRatio<\/a><\/p>\n\n\n\n<p>Dup\u0103 cum se poate vedea mai jos, industria din care face parte LLY Drug manufacturers \u2013 General are un PER mediu in jurul valorii de 37.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"529\" height=\"426\" src=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Analiza_grafic-3.png\" alt=\"\" class=\"wp-image-625\" srcset=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Analiza_grafic-3.png 529w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Analiza_grafic-3-300x242.png 300w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/10\/Analiza_grafic-3-150x121.png 150w\" sizes=\"(max-width: 529px) 100vw, 529px\" \/><\/figure>\n\n\n\n<p>Ca un sumar, va prezent\u0103m mai jos avantajele \u0219i dezavantajele folosirii PER \u00een analiza ac\u021biunilor.<\/p>\n\n\n\n<p><strong>Avantaje:<\/strong><\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Este relativ <strong>usor de calculat<\/strong>. Formula de calcul pentru PER este relativ simpla :<\/p>\n\n\n\n<p>PER&nbsp; = Pretul actiunii\/ EPS (earnings per share)*<\/p>\n\n\n\n<p><em>*(Pentru calculul EPS verzi articolul publicat \u00een nr.3 din data de 9 septembrie 2024<\/em>)<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Este <strong>simplu de utilizat<\/strong>. Indicatorul&nbsp; PER nu este doar u\u0219or de calculat, ci \u0219i u\u0219or de utilizat. Indiferent dac\u0103 obtineti o valoare mare sau o valoare mica, pute\u021bi determina imediat viabilitatea investi\u021biei (in cat timp recuperati investitia).<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Ajuta la identificarea <strong>poten\u021bialului de cre\u0219tere<\/strong>. Un PER ridicat indica una dintre cele doua posibilit\u0103\u021bi: actiunea este supraevaluata sau compania se afla pe o traiectorie de cre\u0219tere.&nbsp;<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;iv.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Daca PER este<strong> sc\u0103zut,<\/strong> acesta indica una dintre cele doua posibilit\u0103\u021bi: ac\u021biunile sunt subevaluate sau performan\u021ba companiei este \u00een sc\u0103dere. Cu pu\u021bin mai mult\u0103 cercetare, pute\u021bi afla cu u\u0219urin\u021b\u0103 care dintre cele doua posibilit\u0103\u021bi este mai viabil\u0103 \u0219i pute\u021bi lua o decizie de investi\u021bie.<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Ajut\u0103 la <strong>compara\u021bie<\/strong> cu alte ac\u021biuni din industrie. Dac\u0103 sunte\u021bi \u00een c\u0103utare de oportunitati de investi\u021bii \u00een aceea\u0219i industrie, pute\u021bi alege ac\u021biuni cu un PER mai mic, deoarece indic\u0103 faptul ca actiunile sunt subevaluate \u00een acel moment.<\/p>\n\n\n\n<p><strong>Dezavantajele utiliz\u0103rii PER<\/strong><\/p>\n\n\n\n<p>Acum c\u0103 \u0219ti\u021bi despre avantajele indicatorului PER, este timpul sa ne uit\u0103m la dezavantajele utilizarii acestui indicator:<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <strong>Nu include datoriile companiei:<\/strong> unul dintre cele mai importante aspecte de care trebuie sa tineti cont este ca PER nu ia \u00een considerare datoria companiei. Prin urmare, un PER sc\u0103zut poate sa nu indice c\u0103 ac\u021biunile sunt subevaluate; in schimb, poate indica faptul ca compania are o datorie mare \u0219i poate fi aproape de faliment.&nbsp;<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Poate duce la <strong>oportunit\u0103\u021bi de investi\u021bii ratate:<\/strong> unele companii investesc bani pentru a-\u0219i extinde opera\u021biunile, dar nu au castiguri. \u00cen astfel de cazuri, PER nu poate fi calculat din cauza indisponibilit\u0103\u021bii componentei principale a calculului acestuia (adic\u0103 profitul). Dar oportunitatea de investi\u021bie \u00eenc\u0103 exista. Astfel, dac\u0103 utilizati doar PER pentru a lua decizii de investi\u021bii, s-ar putea s\u0103 pierde\u021bi unele oportunit\u0103\u021bi.&nbsp;<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;iii.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Poate fi \u00ab inflatat \u00bb: Dac\u0103 o companie vinde active \u0219i le inregistreaza ca venituri extraordinare, acest lucru ar putea afecta indicatorul PER prin cre\u0219terea artificial\u0103 a c\u00e2\u0219tigurilor companiei \u00een acea perioada. Aceasta posibilitate de manipulare este motivul pentru care trebuie utilizati \u0219i al\u021bi indicatori \u00een plus fata de indicatorul PER pentru a ajunge la o decizie de investi\u021bie solid\u0103.<\/p>\n\n\n\n<p><strong>Concluzie:<\/strong> <strong>doar analiz\u00e2nd indicatorul PER \u00een mod izolat nu este suficient pentru a lua decizia de investi\u021bie. <\/strong><\/p>\n\n\n\n<p><em>\u00cen num\u0103rul viitor vom vedea de ce al\u021bi indicatori care se calculeaz\u0103 pe baza PER ne putem ajuta pentru o analiza completa atunci c\u00e2nd lu\u0103m decizia de a investi.&nbsp;<\/em><\/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 al Newsletter-ului s\u0103pt\u0103m\u00e2nal Nr. 9&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 s\u0103 le iei cu tine:&nbsp;<\/p>\n\n\n\n<p><strong>\u25cf &nbsp;<span style=\"background-color:#7a0505\" class=\"td_text_highlight_marker\">SEZONUL RAPORT\u0102RILOR FINANCIARE.<\/span> <\/strong><em>Suntem \u00een plin sezon de raport\u0103ri financiare pentru Q3 2024 &#8211; verific\u0103 datele de raportare pentru firmele pe care le ai \u00een portofoliu \u0219i fii atent \u00een acele zile.<\/em><\/p>\n\n\n\n<p>\u25cf <strong>US RETAIL SALES A CRESCUT PESTE PREVIZIUNI<\/strong>. \u00centr-un semn \u00eencurajator pentru cre\u0219terea economic\u0103 din trimestrul al treilea, valoarea <strong>v\u00e2nz\u0103rilor cu am\u0103nuntul din SUA a crescut cu 0,4% luna trecut\u0103<\/strong> (fa\u021b\u0103 de o previziune de cre\u0219tere de 0,3%), acceler\u00e2nd de la cre\u0219terea de 0,1% \u00eenregistrat\u0103 \u00een August.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>EVOLU\u021aIA INDICILOR GLOBALI<\/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 0,85% \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 1,46% \u00een ultima s\u0103pt\u0103m\u00e2n\u0103;&nbsp;<\/p>\n\n\n\n<p>\u25cf&nbsp; <strong>Shanghai, China (SSEC) <\/strong>a \u00eenregistrat o cre\u0219tere de 1,36%&nbsp; \u00een ultima s\u0103pt\u0103m\u00e2n\u0103;<\/p>\n\n\n\n<p>\u25cf <strong>Nifty, India (NFTY) <\/strong>a \u00eenregistrat o sc\u0103dere de 1,27% \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 sc\u0103dere de 1,51% \u00een ultima s\u0103pt\u0103m\u00e2n\u0103.&nbsp;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>O s\u0103pt\u0103m\u00e2n\u0103 profitabil\u0103!&nbsp;<\/strong><\/p>\n\n\n\n<p><strong>Urm\u0103toarea edi\u021bie <\/strong>&#8211;<strong> 28 Octombrie<\/strong><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>21 Octombrie 2024 Bun venit venit la edi\u021bia s\u0103pt\u0103m\u00e2nal\u0103 a newsletter-ului nostru despre pie\u021bele interna\u021bionale.&nbsp; Acest material este structurat pe 3 categorii de informa\u021bii, pentru o lectur\u0103 mai facil\u0103 \u0219i urm\u0103rire 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; 14-18 octombrie [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":901,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":{"0":"post-925","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\/925"}],"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=925"}],"version-history":[{"count":1,"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/posts\/925\/revisions"}],"predecessor-version":[{"id":926,"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/posts\/925\/revisions\/926"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/media\/901"}],"wp:attachment":[{"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/media?parent=925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/categories?post=925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/tags?post=925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}