In the equities sector, double-digit price movements in the tops and flops in the first quarter can be observed on the Dow Jones and the Nasdaq. In the Dow Jones, it was Walt Disney shares that showed the strongest movement and, with an increase of 34 percent, dwarfed all other shares. Since the change of CEO and the restructuring, things have been moving forward at the entertainment group.
Things went similarly well in the banking sector this year. Waiting for an interest rate cut in the US plays into the hands of high-interest deposits. Given Americans’ good spending habits, the “cards” themselves, i.e. credit cards, are an additional guarantee for the good results with American Express. The shares have already increased by 22 percent in 2024.
Until the end of 2023, one could not have imagined that Apple would be listed among the losers. But what was once the most valuable company has some construction sites and problems, which we will summarize here again. The sporting goods manufacturer Nike also has problems and has at least ended its recent upward trend with a lowered outlook. Will the corporate restructuring be as successful here as it was at Walt Disney?
We don’t have to say much about the absolute loser. Because Boeing had many technical problems and now also a problem in the management team. The result was a minus of 26 percent in the first quarter.
Things were much more positive for some Nasdaq stocks, with Nvidia at the forefront of course. The value increased by an incredible 82 percent, putting all other stocks in the shade. The topic of chips and AI also played a major role at Micron Technologies, which still increased by 39.7 percent.
A real surprise to our reporting, because it was very rare at this value, was the food delivery company Doordash. With the expansion in the USA and further internationalization fantasies, the share achieved a profit of over 40 percent in the first quarter and shows that even companies without positive cash flow can be popular on the stock market.
The conclusion was the reporting on Tesla. Not much needs to be said about the electric car pioneer, except that the pressure at the international level continues to increase.
With this review we wish you a great start into the new quarter and now, first of all, a Happy Easter!