US MARKET RALLY STALLS – FED INTEREST OPINION OF

RATE CUT HOPES REVIVE – DEERE (+4.31 DAVID ENGELHARDT

COREWEAVE
%), NEXTRACKER (+12 %), CISCO (+6 %)
POSITIONS ITSELF IN THE QUANTUM COM-
PUTING TREND AND FOOT LOCKER (+83 %) REMAINS WELL
CELEBRATES A BILLION - DOLLAR WEDDING.
DAX TURNS POSITIVE – COMEBACK IN THE POSITIONED IN
AFTERNOON: GERMAN DEFENSE STOCKS THE GROWTH
BENEFIT FROM NATO BOOST! Pages 3 - 4 Page 14 MARKET OF AI
FRIDAY
MAY 16, 2025

Price per issue:

www.tradertimes.com €3.20 | $3.49 | £2.90

To a s t

Photo: PeopleImages.com - Yuri A - shutterstock.com

G ro w th P la n s fo r 2 0 2 5 W it h
R e c o rd n e t G ro w th a n d
E x p a n d e d A I C a p a b il it ie s New
Volume Perf. since
Price
Stock half-year low high
indicator
WKN | Symbol

100.81 % 1 Tage
Carvana 297.69 $ 104.68 %
A2DPW1 | CVNA

71.70 % 2 Tage
Garrett Motion 12.04 $ 152.12 %
GTX
96.21 % 2 Tage
NRG Energy 156.12 $ 124.81 %
A0BLR4 | NRG
90.67 % Tage VAS
The 3DAR
Faro Technologies 42.29 $ 494.63 %
909382 | FARO met hod
Pa ge 11

CISCO S Y S T E M S
ia t iv e s a n d R e q u ir e d
B e n e f it s Fr o m A I In it u lt s !
y ! S o li d Q 3 R e s
N e t w o r k S e c u r it
Pa ge 5
MISSION STATEMENT OF THE TRADER TIMES

Equity research is the basis for exceptional stock market profits. SIMON BETSCHINGER
(Graduate economist,
Our reporting focuses 100% on the stock market and stocks. In CEO TraderFox)

The Trader Times, you will find all the important developments
that you need to know as an active trader. This saves you an im-
mense amount of time in your own research.

OTHER IMPORTANT TOPICS IN TODAY‘S ISSUE

Page 19

QATAR IN BUYING MOOD!

BOEING Receives Largest Order
in its History of up to 210 Aircraft!
Photo: Falcons Spotters - shutterstock.com

Page 23

Deere & Company

High Resilience in Weak a Industry Environment:
Agricultural Machinery Specialist Deere & Company
Shrinks Less Than Expected. The Stock Breaks out.
Photo: ShDrohnenFly - shutterstock.com

Meta
Page 16 Page 6

Zuckerberg‘s Vision - Will MetaAI Scout24

Bring the End of the Advertising Strong Q1 and Optimistic Forecasts.
Industry as we Know it? JPMorgan Sees 50% Potential in the
Photo: JarTee - shutterstock.com
Bull Case Scenario! Photo: MacroEcon - shutterstock.com
Page 3 THE TRADER TIMES MAY 15, 2025

MARKET REPORT

THE US MARKET RALLY IS SLOWING DOWN

– FED Interest Rate Cut Hopes Revive – Deere
(+4.31%), Nextracker (+12%), Cisco (+6%)
Positions Itself in the Quantum Computing
Trend and Foot Locker (+83%) Celebrates a
Billion-Dollar Wedding. DAX Turns Positive –
Comeback in the Afternoon: German Defense
Stocks Benefit From NATO Boost!
Text: Leonid Kulikov I Photo: Karolis Kavolelis - shutterstock.com

Wall Street takes a breather: After a remarkable The company specializes in secure IT solutions in
comeback since the April low, the major US indices areas such as border control, cryptography, mo- Top US stock stories:
showed signs of fatigue today. The S&P 500 dipped bile workplaces, and healthcare. NATO states are
by 0.02%, while the tech-heavy Nasdaq 100 faced already among its customers, particularly for ro- Qatar boosts Boeing (+1.2%)
stronger pressure with a decrease of 0.13%. The bust, mobile devices for secure data exchange. SE-
traditional Dow Jones Industrial Average also lost CUNET is currently working on new generations of – Dick‘s snatches up Foot
0.07%. products that are „post-quantum ready“ and able
to withstand future threats from quantum compu- Locker (+83%) – the solar
The stock market gauge was fueled today by sur- ters. The drive technology specialist RENK (+4%)
prisingly weak economic data, which reignited could significantly benefit from a strategic expan- specialist Nextracker (+12%)
hopes for imminent interest rate cuts from the US sion of military infrastructure and increasing de-
Federal Reserve FED. Producer prices unexpected- mands for troop mobility. soars – Cisco (+6%) benefits
ly fell by 0.5% in April – the sharpest decline in five
years. At the same time, US retail sales weakened, In the US market, UnitedHealth Group (-17%) once from the AI boom – Wingstop
and industrial production shrank for the first time again made negative headlines in the healthcare
in six months. This resulted in significantly falling sector. The insurance giant‘s stock plummeted af- (+0.16%) bets on AI-based kit-
yields in the bond market: The yield on ten-year ter reports surfaced regarding investigations into
US Treasury bonds dropped by five basis points to potential Medicare fraud. The retail giant Walmart chen system!
4.48%. (-2.88 %) reported solid numbers but warned that,
due to Trump‘s tariff policies and increasing eco- The Boeing stock continues its upward trend. The
The German benchmark index DAX showed a slight nomic uncertainty, it will begin raising some prices reason for the recent price strength: a record-set-
recovery in the afternoon, currently up by +0.58%. this month. Meanwhile, Danish pharmaceutical ting order from the Middle East. Qatar Airways has
Arms boom fuels the market – NATO targets as a giant Novo Nordisk (-0.92 %) is strengthening its reportedly placed the largest order for long-haul
driving force: The increasing NATO spending tar- position in the booming obesity treatment market: jets of the type 787 Dreamliner to date, amounting to
gets are expected to lead to further growth in the Together with US biotech company Septerna (-5%), up to 210 aircraft of the types 787 and 777X – a deal
defense sector. Germany supports US President Novo aims to develop new oral drugs to combat totaling $96 billion. The aircraft are to be equipped
Trump‘s call to raise NATO member countries‘ obesity. with engines from GE Aerospace. The stock of GE
defense spending to 5% of GDP. Furthermore, in- also rose as a result.
vestors seem to believe that no resolution for the In the tech world, Microsoft (+0.08 %) remains a hot
Ukraine conflict can be found in Turkey. tip: Analysts from US banking giant Citi raised their Nextracker (+12%) – the solar technology spe-
price target for the stock from $480 to $540 – an cialist hits the ground running with billion-dollar
Noteworthy is the stock of defense electronics increase of about 20% from the current level. This sales!
specialist HENSOLDT (+8%). The company is a lea- bullish rating is based on strong growth in the Azu- Nextracker closed the fiscal year 2025 with im-
ding provider of sensor solutions for defense and re cloud business and anticipated efficiency gains pressive figures: In the fourth quarter, the compa-
security, known for radar systems and optronics. from recently announced job cuts. ny achieved a revenue increase of 26%. The order
SECUNET (+6.6%) prepares for the quantum era: backlog also shows a steep upward trend, standing
Page 4 THE TRADER TIMES MAY 15, 2025

MARKET REPORT
at over $4.5 billion at the end of the quarter. The in-
novative solar tracking systems were particularly in
demand again. Nextracker has now made a strategic
move by acquiring Bentek Corporation – an experien-
ced provider of electrical infrastructure for large pho-
tovoltaic systems. By entering the realm of so-called
Electrical Balance of System products, Nextracker ex-
pands its core business and positions itself as a com-
prehensive platform provider for solar power plants.

Cisco (+6%) – the network equipment provider be-

nefits from the AI boom and positions itself in the
quantum computing trend!
Cisco Systems once again impresses with strong
quarterly results and proves to be one of the benefi-
ciaries of the ongoing demand for AI infrastructure. A
particular driver was the growing demand from the AI
sector. Cisco announced that AI-related infrastructure
orders in the webscale segment reached $600 million
in the quarter – surpassing the initially targeted goal
of $1 billion by year-end a quarter early. Additionally,
Cisco presented a chip for scaling quantum networks
– a step that could significantly shorten the time until
practical use of quantum computing.

Foot Locker (+83%) – the sneaker retailer on the ver-

ge of being acquired by Dick‘s – stock soars!
The stock of Foot Locker has taken a spectacular leap:
The reason is a media report stating that Dick‘s Spor-
ting Goods is close to acquiring the troubled sneaker
retailer. The context of the deal: President Trump
recently imposed new tariffs on imports from Asia,
which put pressure on both sporting goods retailers.
Through the merger, they hope to gain more negotia-
ting power with suppliers and landlords as well as
significant cost synergies.

Wingstop (+0.16%) - The US restaurant chain digiti-

zes the kitchen – AI initiative boosts the stock!
The US restaurant chain Wingstop shows innova-
tion: The stock experienced a remarkable leap after
the presentation of a new AI-based kitchen system.
The „Smart Kitchen“ system analyzes over 100 data
points in real-time and predicts demand in 15-minu-
te intervals. The new technology halves the average
order processing time to around 10 minutes – a real
game-changer in the fast-paced fast-food industry.
The increased service speed is also expected to en-
hance visibility on delivery platforms like DoorDash,
potentially boosting delivery order growth.
Page 5 THE TRADER TIMES MAY 15, 2025

HOT NEWS

CISCO SYSTEMS BENEFITS FROM AI INITIATIVES AND

REQUIRED NETWORK SECURITY! SOLID RESULTS WERE
REPORTED IN Q3!
Text: Andreas Wimbauer

The technology company in the field of networking and service margins showing slight increases. In and corporate governance. He will play a key role in
technology, Cisco Systems (CSCO), published its addition, Cisco completed the acquisition of Sna- further aligning Cisco with high-growth areas such
financial results for the third quarter of the fiscal pAttack, a provider of threat detection platforms. as AI, cloud, and security solutions.
year 2025 on Wednesday, May 14, 2025, and mana- The company also announced a quarterly dividend
ged to exceed revenue and earnings expectations. of $0.41 per share, payable on July 23, 2025. AI offensive in the Middle East with strategic part-
Thanks to strong momentum in the AI sector, the nerships
outlook was very positive, and the stock rose more „Cisco has once again delivered strong quarterly Cisco is strengthening its presence in the Middle
than 3% in after-hours trading to $63.14. results and recorded significant demand for our East and has announced new strategic AI initiatives
technologies. The momentum we observe in AI is to promote the development of secure, scalable,
Strong quarter: Cisco exceeds expectations for driven by the capabilities of our secure network and efficient AI infrastructures in the region. This
earnings and orders portfolio, our trusted global partnerships, and the includes a partnership with the startup HUMAIN in
Cisco Systems is a leading provider of networking value we provide to our customers,“ said Chuck Saudi Arabia to develop an open and cost-effective
technology, cybersecurity, and communication Robbins, Chairman and CEO of Cisco. AI platform. In the United Arab Emirates, the exis-
technologies, increasingly focusing on software- ting collaboration with G42 is being expanded to
based, cloud-enabled, and AI-driven solutions. In Solid growth with stable margins expected foster AI innovation both in the region and in the
the third quarter of 2025, Cisco recorded a revenue Cisco forecasts revenue between $14.5 billion and USA. Additionally, Cisco is participating in the AI
increase of 11% to $14.1 billion, slightly above ex- $14.7 billion for the fourth quarter of 2025, along Infrastructure Partnership (AIP), a global initiative
pectations of $14.06 billion. The adjusted earnings with adjusted earnings per share of $0.96-0.98. led by companies like BlackRock, Microsoft, and
per share were also above the consensus estimate This is slightly above estimates of $14.51 billion in NVIDIA, aimed at mobilizing investments of up to
of $0.92, at $0.96. Product orders grew particularly revenue and $0.95 in earnings per share. For the $30 billion in the expansion of data centers and AI
strong with an increase of 20%, and the AI infras- fiscal year 2025, the company expects revenues infrastructure. Furthermore, Cisco is working with
tructure segment recorded orders of over $600 between $56.5 billion and $56.7 billion with adjus- the Ministry of Interior of Qatar on projects related
million, reaching the set goal of $1 billion a quarter ted earnings per share of $3.77-3.79. The forecasts to digital transformation, AI usage, and cybersecu-
earlier. The total for the fiscal year amounts to over already consider potential impacts from existing rity.
$1.25 billion. Remaining performance obligations tariff regulations, including 30% for China and 25%
increased by 7% to $41.7 billion, well above expec- for Canada and Mexico. From networking pioneer to versatile technology
tations of $40.48 billion – more than half of this is provider
expected to be recognized as revenue in the next Cisco CFO to retire Cisco has been among the biggest beneficiaries
twelve months. Cisco Systems has announced that Chief Financial of the rise of connected systems and the internet.
Officer Scott Herren will retire on July 26, 2025. Its current networking portfolio ranges from Wi-Fi
Solid growth in all regions – security sector par- His successor will be Mark Patterson, the current base stations to high-speed switches in data cen-
ticularly strong Chief Strategy Officer of the company, who will take ters. Networking hardware continues to account for
Cisco experienced revenue growth of 14% in the on the role of CFO starting July 27. This leadership more than half of its revenue. Cisco has long sought
Americas, 8% in EMEA, and 9% in the APJC region in change comes at a time when Cisco is benefiting to diversify from its core business. In addition to
the third quarter of 2025. The product segments of from increasing demand for networking equip- networking, the company also offers WebEx colla-
security (+54%), observability (+24%), and networ- ment, particularly due to the growing interest in ar- boration tools and network security, as evidenced
king (+8%) developed particularly strong. The gross tificial intelligence and investments in data centers. by the acquisition of Splunk in March 2024, which
margin slightly improved from 65.1% to 65.6% Mark Patterson has been with Cisco since 2000 and at around $28 billion was the largest acquisition in
compared to the previous year, with both product brings extensive experience in strategic planning Cisco‘s history.
Page 6 THE TRADER TIMES MAY 15, 2025

TRADING ROOM NOTES

SCOUT24: STRONG Q1 AND EINHELL A SMALL CAP

OPTIMISTIC FORECASTS. THAT BENEFITS FROM THE
JPMORGAN SEES 50% HOUSING CONSTRUCTION
POTENTIAL IN THE BULL BOOM WHILE FLYING UNDER
CASE SCENARIO! THE RADAR!
• Scout24 is experiencing double-digit growth and • Einhell shines with 12.4% growth in a weak consumer
is a typical beneficiary of the market upturn with environment, which speaks for a strong competitive
its real estate portal ImmoScout24. position in power tools.

• In the bull case scenario, the stock still has 50% • The group will grow significantly by 2029 and, thanks
potential according to JPMorgan if margins improve. to the Professional Line, will also benefit from the re-
sidential construction turbo and more refurbishments.
Jörg Meyer - Thursday, 8:45 AM CET: Scout24 (WKN A12DM8) is a
leading provider of digital marketplaces in the real estate sector Jörg Meyer - Thursday, 1:25 PM CET: The German tool manufacturer
in Germany. With its platform ImmoScout24, the company supports Einhell (WKN A40ESU) is on a successful trajectory: With its battery
both private customers and professional providers in searching platform Power X-Change, the company has not only established a
for, marketing, and financing real estate. Scout24 benefits from the strong competitive position but has also laid the foundation for global
recovery of the real estate market in Germany. According to Hypo- growth. The platform now includes over 300 devices, all of which can
port, private real estate financing is gaining momentum due to the be powered by the same type of battery - a flexibility that appeals to
increasing unattractiveness of renting. This is expected to have a both DIY enthusiasts and professional craftsmen.
positive impact on demand and page views for Scout24.
In the first quarter of 2025, Einhell achieved a record revenue of €302.8
In the first quarter of 2025, Scout24 continued its profitable growth million. This represents an increase of 12.4% compared to the previous
trajectory and increased revenue by 15.8% (organic +12.1%) to year. 51% of the revenue came from Power X-Change products. The EPS
€157.6 million. Growth drivers included the high demand for mem- rose in the same period by 28.6% to €1.80. The plans for the future are
berships and the positive development in the transaction business. ambitious: By the end of 2025, the Power X-Change family is expected
EBITDA rose by 17.9% to €93.7 million, while the EBITDA margin to grow to over 350 products, and by the end of 2027, it should reach
improved to 59.5%. The number of subscribers grew by 19.8% to 450. In parallel, Einhell aims for a revenue share of over 70% in the
495,150 customers. In particular, Scout24 is gaining more property battery platform segment. By the end of the decade, revenue could
owners as registered customers. double to €2 billion.

Despite global economic uncertainties and rising mortgage rates, The planned „housing construction turbo“ by the federal government,
Scout24 appears optimistic for the 2025 fiscal year. The successful enshrined in the coalition agreement between the Union and the SPD,
implementation of an AI solution from Anthropic, the economies of could become an additional growth engine for Einhell. With the Pro-
scale from the interconnectivity strategy, and the integration of re- fessional Line, the company is increasingly targeting craft businesses
cent acquisitions strengthen the market position. The goal is to grow that are expected to benefit from the rising construction activity. By the
by 12-14% this year and to increase the EBITDA margin by 50 basis end of 2025, the range of the Professional Line is set to expand to 117
points. products.

The US bank JPMorgan raised its price target for Scout24 from €114
to €141 and placed the stock on its „Analyst Focus List.“ The funda-
mental rating remains at Overweight. In the bull case scenario, €165
is possible for Scout24, representing a 50% upside potential. Crucial
for this is the company‘s profitability. Traders can rely on a trend-
following approach for the stock after a brief consolidation.
Page 7 THE TRADER TIMES MAY 15, 2025

ARRAY TECHNOLOGIES: SOLAR INDUSTRY

Industries and sectors BREATHES A SIGH OF RELIEF! TAX BENEFITS
TECHNOLOGY AND SUBSIDIES BY THE US GOVERNMENT
The leading stocks from the leading sectors.
What are the logical reasons behind the DON‘T EXPIRE UNTIL 2029!
industry movements? Text: Andreas Wimbauer I Photo: Quality Stock Arts - shutterstock.com

It is almost alarming how dominant the „Techno- drove up the prices of green energy stocks.
logy“ sector is presenting itself. More than 17%
return in 4 weeks is an extraordinary situation. Innovative solar tracker solutions for maximum
The solar industry stands out with a remarkable efficiency and site flexibility
44.61%. Let‘s take a closer look at the sector lea- With over 30 years of innovation, Array Techno-
Sector Perf. 4 weeks der Array Technologies and find out why the solar logies offers advanced solar trackers for large
Technology 17.31% company was able to more than double its stock projects that maximize energy yield and minimize
price in a month. installation and maintenance efforts. The robust
Consumer Cyclical 17.01%
DuraTrack impresses with high reliability, main-
Industrials 11.82%
• Array Technologies offers solar trackers for tenance-free technology, and wind resistance. The
Communication Services 10.94% large projects dual-row STI H250 is ideal for uneven terrain and
Energy 8.78% • The products maximize energy yield and redu- agri-PV applications. OmniTrack adapts flexibly
Financial Services 7.97% ce maintenance effort to challenging topographies and reduces leve-
Basic Materials 5.87% • Revenue in Q1 nearly doubled and net profit ling work, while SkyLink simplifies installation
Real Estate 2.67% was generated with wireless control and grid independence. The
portfolio is complemented by SmarTrack, an intel-
Utilities 1.26%
Array Technologies Inc. (ARRY) is considered one ligent software for optimizing power production—
Consumer Defensive -0.16% of the leading providers of solar tracking techno- even in snow, hail, or cloud cover. Recently, the
Healthcare -2.70% logy for ground-mounted photovoltaic systems solar tracker STI H250 has been enhanced with
worldwide as a US-based company. The firm de- the intelligent SmarTrack backtracking and dif-
velops and manufactures robust solar trackers fuse functions. The software uses real-time data
Industry Perf. 4 weeks
and intelligent software solutions specifically and algorithmic training to minimize shading and
Solar 44.61% designed for extreme weather conditions to ma- capture more diffuse light, thereby improving the
Computer Hardware 32.25% ximize the energy output of solar power plants. performance of solar projects worldwide.
Electronic Components 25.00% Founded in 1989 by Ronald P. Corio, the compa-
Semiconductors 23.06% ny is headquartered in Albuquerque, New Mexico, Array exceeds expectations in Q1 and confirms
and has a market capitalization of $1.26 billion. strong annual forecast
Semiconductor Equipment & Materials 19.94%
The expected P/E ratio for 2025 is 13.12, and the In Q1 2025, Array Technologies achieved reve-
Software - Application 19.43%
P/S ratio is 1.14. nue of $302.4 million. This represents almost a
Software - Infrastructure 18.48%
doubling in sales compared to the previous year,
Electronics & Computer Distribution 16.33% Growth through subsidy policies: Array benefits which was $153.4 million. The net profit of $2.3
Scientific & Technical Instruments 15.03% from the upswing in the solar industry million corresponds to earnings of $0.02 per
Communication Equipment 10.24% Array supplies large customers such as engi- share and significantly improves upon the previ-
neering, procurement, and construction (EPC) ous year‘s result, which reported a loss of $11.3
companies, independent power producers, and million. For the full year 2025, Array maintains
utilities. The company relies on a globally diver- its strong forecast. Revenue is expected to be
sified supply chain and supports the planning, de- between $1.05 and $1.15 billion, adjusted EBIT-

Sector leaders Perf.

livery, commissioning, training, and maintenance
of solar projects throughout their entire lifecycle
DA between $180 million and $200 million, and
adjusted earnings per share between $0.60 and
Industry Leader 4 weeks with its technology-driven and customer-orien- $0.70. CEO Kevin Hostetler emphasizes the strong
Solar Array Technologies Inc. 104.63% ted approach—aiming to advance the global use revenue growth, high delivery volumes, and the
Seagate Technology Hol- of clean, affordable energy. The solar industry recovery of market share. The robust supply
Computer Hardware 46.13%
dings has experienced an upswing because the new US chains and IRA-compliant products position Array
Electronic Components TTM Technologies Inc. 57.74% budget proposal extends tax benefits—particular- well for further growth and global expansion.
Semiconductors Impinj Inc. 82.76% ly the 30% tax incentive for wind and solar pro-
jects—for renewable energy until 2029. Instead Array Technologies was able to break through the
Semiconductor Equip-
Ambarella Inc. 35.21% of an immediate phase-out, they will be gradually resistance at $7.70 and starts a new recovery ral-
ment & Materials
Software - Application Porch Group Inc. 97.41% reduced. This boosted investor confidence and ly thanks to the strong business report.

Software - Infrastructure Pagaya Technologies Ltd 50.90%

Electronics & Computer
Scansource Inc. 29.96%
Distribution
Scientific & Technical
Faro Technologies Inc. 67.42%
Instruments
Communication Equip-
Applied Optoelectronics Inc. 66.96%
ment
Page 8 THE TRADER TIMES MAY 15, 2025

FIRST SOLAR:
SOLAR : LYFT - Ride Service
Akkumulation Solar Producer Bene- Provider Impresses
Diese Aktien steigen unter fits From Renewable With Strong new
hohem Handelsvolumen Energy Transition and Customer Growth
• Wir screenen den Markt täglich nach Aktien, die
unter hohem Handelsvolumen steigen und halten
Restrictions on Cheap and Record Results!
nach den Gründen für die starken Käufe Ausschau. Imports from China! Business drivers: The US company Lyft (LYFT)
Ziel ist es, frühzeitig Newsimpulse zu erkennen, die
is one of the leading US mobility service provi-
Potenzial für größere Aufwärtsbewegungen bieten. Business drivers: First Solar (FSLR) is one of
ders, allowing users to book rides with private
Hier ist das aktuelle Screening: the leading thin-film solar module manufac-
drivers through the Lyft app. Lyft charges a
turers in the USA, and should therefore be-
Text: Martin Springmann I commission on each ride arranged. In contrast
Photo: Kurt Kleemann - shutterstock.com nefit significantly from the energy transition
to its main competitor Uber, Lyft focuses ex-
and the increasing demand for CO2-neutral
Rang Aktie Perf. 5 Tage
Volumen-
Kurs clusively on the mobility sector and does not
indikator energy. Hyperscalers like AWS, Alphabet, Mi-
offer additional services such as food delive-
1 First Solar 41.44 % 271.82 % 189.19 $ crosoft, or Oracle are relying on CO2-neutral
ry. Besides the traditional ride-hailing service,
2 ProSiebenSat.1 Media 12.84 % 242.32 % 7.05 € energy sources such as solar power for their
Lyft also offers additional mobility services,
3 Rocket Companies 9.61 % 230.53 % 12.79 $ electricity supply. As the expansion of cloud
4 Sunrun 50.01 % 226.16 % 12.74 $ including bike and e-scooter rentals in selec-
and data center capacities continues to acce-
5 Lyft 28.51 % 225.23 % 16.70 $ ted cities. Furthermore, the company has de-
lerate in the wake of the AI boom, First Solar‘s
6 Trade Desk 28.07 % 222.87 % 76.67 $ veloped programs for business clients, such
sales are expected to increase significantly in
7 Hapag-Lloyd 30.31 % 219.48 % 166.80 € as „Lyft Business,“ which enables companies
the medium term. Concerns that the expansi-
8 Matson 16.69 % 205.19 % 115.83 $ to organize and manage rides for employees
on of renewable energies will be significantly
9 Coinbase Global 22.12 % 196.02 % 252.32 $ or customers. In the medium term, Lyft aims to
restricted under the new Trump administra-
10 Toast 23.48 % 188.07 % 45.26 $ increase the use of autonomous vehicles, col-
tion due to the cancellation of subsidies and
11 Insulet 24.93 % 186.47 % 321.06 $ laborating with providers like MobileEye.
tax incentives are likely to prove unfounded,
12 Pinterest 17.01 % 179.09 % 32.60 $
especially since the new US government‘s bill
13 IONOS Group 7.41 % 179.01 % 35.35 € • On May 9, Lyft surprised with a signifi-
14 GFT Technologies 6.93 % 178.93 % 24.75 €
does not include a complete elimination of the
cantly better-than-expected result. The
15 Hims & Hers Health 10.66 % 177.80 % 56.96 $ planned tax incentives. Furthermore, due to
adjusted earnings per share were 1 cent
16 NRG Energy 29.74 % 173.54 % 156.13 $ the planned implementation of cheap imports
above the consensus expectations of
17 Darden Restaurants 5.55 % 167.00 % 210.04 $ from companies with connections to „Foreign
-1 cent per share. Additionally, revenue
18 Under Armour (Class A) 10.46 % 156.25 % 6.56 $ Entities of Concern“ – particularly from China,
impressed with an increase of 13.53%
19 Yeti Holdings 8.87 % 155.61 % 32.24 $ First Solar‘s margins are expected to improve
to $1.45 billion. With 218.4 million rides,
20 Exelixis 31.67 % 155.22 % 48.06 $ further.
21 Oklo 34.68 % 152.34 % 36.27 $ the mobility platform showed a growth of
22 Nextracker 37.26 % 152.06 % 61.22 $ 16% compared to the previous year. The
• On May 13, it was announced that the bill
23 Steven Madden 11.00 % 149.09 % 26.47 $ number of active users also reached a
from the US House of Representatives
24 Applied Optoelectronics 23.87 % 143.05 % 18.28 $ record high of 24.2 million.
stipulates that the existing tax credits
25 SolarEdge Technologies 11.82 % 139.37 % 20.45 $ • Subsequently, the share buyback pro-
for solar projects will not be revoked im-
26 Masco 8.76 % 137.27 % 67.11 $ gram was increased by $750 million.
mediately, but will instead be phased out
27 Six Flags Entertainment 6.63 % 136.79 % 36.72 $
gradually starting in 2029. This is likely to
28 Stanley Black & Decker 14.52 % 136.68 % 70.83 $
play in favor of the industry leader First
29 Wayfair 17.33 % 132.49 % 39.46 $
Solar.
30 TransMedics Group 30.45 % 129.44 % 121.61 $
31 ARCHER AVIATION 36.87 % 127.23 % 11.99 $ • On May 13, Wolfe Research upgraded its
32 Cloudflare 24.06 % 127.10 % 154.22 $ rating from Peer Perform to Outperform
33 Primoris Services 10.64 % 126.61 % 75.77 $ and set a price target of $221.
34 Nextera Energy 8.34 % 126.11 % 74.02 $
35 NuScale Power 40.34 % 124.87 % 23.76 $
36 Zebra Technologies 12.13 % 124.47 % 297.55 $
37 Match Group 7.12 % 124.34 % 29.43 $
38 TPG 5.97 % 123.13 % 51.67 $
39 Lucid Group 17.97 % 122.73 % 2.73 $
40 Nutanix 8.83 % 122.50 % 80.99 $
41 Middleby 6.61 % 122.40 % 148.82 $
42 Builders Firstsource 5.88 % 121.54 % 117.60 $
43 Phillips 66 13.20 % 121.52 % 123.60 $
44 Texas Roadhouse 9.70 % 120.97 % 189.28 $
45 Regeneron Pharmaceut... 5.54 % 120.24 % 578.00 $
46 Alcoa 12.10 % 119.52 % 28.83 $
47 Ensign Group 7.45 % 118.92 % 146.43 $
48 American Airlines Group 6.46 % 118.85 % 11.74 $
49 Chewy 8.77 % 118.44 % 41.59 $
50 Redfin 10.63 % 117.65 % 10.02 $
Page 9 THE TRADER TIMES MAY 15, 2025

ACCUMULATION
SUNRUN - Turnaround at ROCKET COMPANIES INSULET - new Omnipod
Solar Specialist Leads to - Mr. Cooper Acquisition 5 Version Leads to Strong
Strong Price Increases! Leads to Significant Profit Profit Increase!
Business drivers: Sunrun Inc. (RUN) is one of Increase for the Mortgage Geschäftstreiber: Insulet (PODD) is one of the
the largest providers of solar energy and batte-
ry storage systems for households in the USA.
Financier! world‘s leading manufacturers of insulin pump
systems. Its flagship product is the Omnipod sys-
The company offers customized solar solutions Business drivers: Rocket Companies (RKT) is one tem, a portable, tubeless insulin pump that con-
that enable homeowners to generate their own of the leading online financial platform providers tinuously delivers insulin, eliminating the need
clean electricity and reduce their dependence on in the USA. With its wide range of offerings, which for daily injections. The latest version, Omnipod
the traditional power grid. Sunrun provides high- includes the financial platform Rocket Money 5, integrates with continuous glucose monitors
quality solar panels that can be purchased either and the loan platform Rocket Loans specializing like the Dexcom G6 and G7 and automatically ad-
through flexible leasing models with low or no in consumer credit, primarily it focuses on on- justs insulin delivery every five minutes based on
upfront costs or through outright purchase. In ad- line services related to mortgage loans (Rocket current glucose levels. Excitingly, this system is
dition to electricity generation, Sunrun also offers Mortgage) and real estate sales (Rocket Homes). suitable for both type 1 and type 2 diabetics, gi-
battery storage solutions like „Brightbox,“ which Through its „For-More-Than-Profit“ philosophy, ving Insulet a significant competitive advantage.
allows households to store excess solar energy the company mainly addresses private clients. Recently, the new Omnipod 5 was approved in
and use it when needed. The company handles Recently, Rocket Companies significantly expan- Australia and Canada, and there are plans to in-
the entire project execution—from planning to in- ded its offerings in the real estate segment, ha- troduce the new insulin pump in additional mar-
stallation to maintenance and monitoring of the ving acquired the real estate platform Redfin for kets such as Belgium, Israel, and Switzerland.
systems. Sunrun generates revenue through both $1.75 billion in March. With the acquisition of the
direct sales and recurring payments from leasing real estate financing specialist Mr. Cooper, Rocket • On May 8, the company surprised with a
and PPA agreements. Companies is now emerging as one of the leading significantly better than expected Q1 result.
providers of online mortgage loans in the USA. The adjusted earnings per share were $1.02
• On May 7, Sunrun surprised with signifi- (+39.73%), well above the consensus ex-
cantly better-than-expected Q1 figures. • On May 8, the company surprised with a very pectations of 80 cents per share. Revenues
Accordingly, it reported a profit of 20 cents strong Q1 result. Accordingly, the adjusted also saw a substantial increase of 28.82% to
per share, while the analyst consensus had earnings per share were 4 cents in line with $543.40 million, significantly exceeding con-
anticipated a loss of 25 cents. Additionally, consensus expectations. In terms of reve- sensus expectations of $441.70 million.
with a revenue increase of 10.06% to $504.6 nue, it exceeded consensus expectations of
million, it significantly exceeded consensus $1.23 billion with an increase of 11.04% to • Subsequently, the revenue forecast for the
expectations. $1.25 billion. full year was raised, now expecting $2.49-
2.55 billion (previously: $2.40-2.49 billion).
Page 10 THE TRADER TIMES MAY 15, 2025

NEXTRACKER ON THE RISE: FROM TRACKER

Leading growth stocks SPECIALIST TO GLOBAL SOLAR PLATFORM
of the USA Text: Dr. Philip Bußmann I Photo: Miha Creative - shutterstock.com

· The US market leader in solar trackers re- USA as growth core: regulation as tailwind
• 2000 highest-volume stocks in Europe ports record numbers and is repositioning The clear focus is on the domestic market.
• high sales growth on a TTM basis itself as an integrated platform for solar in- 69% of revenues in 2025 were generated in
• Ordered by distance to the 52-week high! frastructure. the USA, where Nextracker can draw on a net-

Goal: We won't miss a single top story!

· With the acquisition of Bentek and two foun- work of over 25 production partners. With the
dation providers, Nextracker is consistently Inflation Reduction Act (IRA) and targeted in-
expanding its offering as a modular solar centives such as the 45X tax credits, US policy
platform. currently provides an ideally supportive envi-
ronment for domestic providers.
Stock Price Revenue gr. Dist. Perf. 20D
With a strong finish to the fiscal year 2025,
WKN | Symbol EPS gr. 52-WH RS
Nextracker (NASDAQ: NXT) underscores its At the same time, the company is closely mo-
Mercadolibre 41.92 % 25.27 %
1 A0MYNP | MELI
2,586.19 $
81.19 %
0.20 %
89 ambition to be more than just a supplier of nitoring developments around new political in-
Axon Enterprise 32.48 % 28.04 % solar installations. The company is transfor- itiatives – such as the Republican “Big Beauti-
2 A2DPZU | AXON
734.08 $
24.36 %
0.28 %
98 ming from a tracker manufacturer to a com- ful Bill.” Topics like FEOC restrictions (Foreign
Insulet 23.49 % 28.07 % prehensive infrastructure platform – with ra- Entity of Concern) or changes to the “placed
3 A0MQX8 | PODD
321.06 $
71.34 %
0.58 %
94
pid growth, increasing profitability, and a clear in service” timing for tax benefits could have
Amphenol 30.70 % 32.78 %
4 882749 | APH
86.00 $
27.44 %
0.92 %
82
focus on the US market. long-term implications.
HEICO 23.06 % 9.37 %
5 914043 | HEI/A
217.18 $
32.69 %
0.93 %
80 The California-based company, which has “For the fiscal year 2026, we do not expect any
Duolingo 39.14 % 63.91 % been recognized as the market leader in solar significant impacts. Only from 2027 could new
6 A3CWBB | DUOL
534.99 $
101.80 %
1.82 %
99 tracking systems for years, reported a reve- rules come into effect.”
Sezzle 91.69 % 112.99 %
7 A3EGAB | SEZL
91.03 $
704.24 %
2.63 %
100
nue jump of 26% to $924 million in Q4. Annual – Dan Shugar, CEO
revenues rose to $3.0 billion, accompanied by
Nextracker 21.46 % 54.23 %
8 A3D5CW | NXT
61.26 $
122.60 %
2.99 %
83 an adjusted EBITDA of $776 million (+49%). Valuation: solid growth at a fair price
Argan 52.47 % 24.38 % Free cash flow stood at $622 million, while the With a market capitalization of around $9 bil-
9 784598 | AGX
184.98 $
161.57 %
3.38 %
98 company remains completely debt-free. lion, the P/S ratio is about 3, and the P/E ratio
Heico 23.06 % 10.85 % is around 14 – both moderate valuations for
10 889997 | HEI
273.97 $
32.69 %
3.39 %
81
Platform strategy instead of standalone so- a high-growth company with a solid US core
Palantir Techno-
lutions business. Nextracker impresses not only with
11 logies 128.95 $ 33.45 % 3.40 % 39.09 %
A2QA4J | PLTR 84.62 % 100 The pure financial figures indicate a dynamic, its strong market position but also with sus-
AllianceBernstein robust business. However, what the manage- tainable profitability. The “Rule-of-40” value
12 Ho... 40.22 $ 48.03 % 3.92 % 8.85 %
ment team led by CEO Dan Shugar and CFO of 83% signals an exceptional combination of
A0JEGN | AB 54.18 % 71
Chuck Boynton emphasizes particularly is the growth and efficiency – and is significantly ab-
Interdigital 33.52 % 12.16 %
13 A0MWY3 | IDCC
220.94 $
109.93 %
4.75 %
96 strategic direction: Nextracker is increasingly ove the industry average.
Progressive 20.74 % 1.43 % positioning itself as a provider of integrated
14 865496 | PGR
279.06 $
51.73 %
4.75 %
83 solar technology solutions. Conclusion: structural winner of the energy
Palomar Holdings 50.51 % 4.08 % transition
15 A2PHB6 | PLMR
156.58 $
43.98 %
5.10 %
95
The acquisition of Bentek, a specialist in elec- Nextracker delivers – not only in terms of re-
Houlihan Lokey 24.81 % 17.99 %
16 A14WN3 | HLI
179.47 $
39.45 %
6.58 %
82
trical BOS components (eBOS), announced in venue and margin but especially strategically.
Northern Trust 28.66 % 22.09 % May 2025, is a crucial building block. Toge- The transition from hardware provider to solar
17 854009 | NTRS
106.74 $
137.53 %
6.92 %
77 ther with two previously acquired foundation infrastructure platform is no longer a vision
Tradeweb Mar- manufacturers, a modular platform model is but becomes more tangible with each acqui-
18 kets 141.36 $ 28.86 % 7.40 % 5.08 %
being developed that offers customers com- sition. The focus on the US market, the integ-
TW 29.47 % 79
Welltower OP 24.49 % -0.02 %
prehensive solutions for solar parks from a ration of vertical products, and a solid balance
19 A1409D | WELL
145.60 $
113.41 %
8.17 %
87 single source – from substructures to trackers sheet create the best conditions for sustaina-
Catalyst Pharma- to electrical integration. ble growth. For investors who are looking not
20 ceuti... 23.64 $ 29.97 % 9.63 % 6.53 % only at short-term volatility but at structural
A0LCUL | CPRX 176.67 % 87
“Our customers want more from us – integra- trends, Nextracker is an exciting stock in the
Ubiquiti 21.43 % 38.16 %
21 A2PQP8 | UI
423.52 $
56.82 %
9.89 %
99
ted solutions, predictable supply chains, and a energy transition portfolio.
Virtu Financial 32.65 % 5.88 % bankable partner. That is exactly what we are
22 A14RHF | VIRT
40.02 $
143.36 %
10.23 %
93 building.”
Robinhood – Chuck Boynton, CFO
23 Markets 59.74 $ 59.65 % 10.71 % 46.93 %
A3CVQC | HOOD 1,100.00 % 99
Page 11 THE TRADER TIMES MAY 15, 2025

TOAST: POS PROVIDER OUTLINES GROWTH

PLANS FOR 2025 WITH RECORD NET GROWTH
The DARVAS method IN Q2 AND ENHANCED AI CAPABILITIES
Text: David Engelhardt I Photo: Shutterstock AI Generator - shutterstock.com
•
•
2000 highest-volume stocks of the USA
The stock has reached a new 5-year high
· Toast is a US-based restaurant technology Focus on data-based strategies and the use of AI
company that provides POS systems, payment Toast recorded a significant rise in its share price
• At least 60% since half-year low processing and various software services. last month. The positive momentum goes hand in

Goal: we will not miss a top story!

· AI initiatives such as Sous Chef and ToastIQ are hand with several developments. The most im-
being developed to improve restaurant proces- portant of these was the launch of the Menu Price
ses. Monitor on May 13, 2025, which provides valuable

Stock Price Volume Perf. since New · The more restaurants use Toast, the more each price information to over 140,000 restaurants.
WKN | Symbol indicator half-year low high user benefits from the shared data. The Q1 2025 results also showed robust growth
Comstock Re- with a year-on-year increase in sales. Together
sources 24.18 $ 90.18 % 71.65 % 0 Days Toast (NYSE: TOST) was founded in 2012 and in- with the announcement of a strategic partnership
A2APM4 | CRK troduced a PoS (Point of Sale) system specifically with Topgolf, these initiatives improved market
Urban Outfitters tailored to the needs of the restaurant indus- sentiment towards the company. These initia-
61.17 $ 80.61 % 67.69 % 0 Days
888903 | URBN try. The company‘s technology handles various tives could potentially increase future revenue
Okta aspects of restaurant management easily and by providing key data insights to customers and
124.56 $ 69.16 % 67.97 % 0 Days
A2DNKR | OKTA
smoothly. What was originally conceived primar- supporting Toast‘s planned expansion into new
Liquidia Techno-
ily as a PoS company for restaurants has grown segments and international markets. This is in
logies 19.28 $ 151.65 % 94.16 % 0 Days
A2JRNS | LQDA over time through internal development and ac- line with Toast‘s focus on increasing customer
Eos Energy Enter- quisitions into a “restaurant operating system” adoption and improving sales through data-dri-
prises 7.06 $ 144.51 % 218.02 % 0 Days provider that covers every aspect of restaurant ven strategies and the use of AI.
A2QD94 | EOSE needs, from order taking to inventory manage-
Hallador Energy ment, menu design and modification, and payroll High switching costs and network effects as a
18.94 $ 121.75 % 126.30 % 0 Days
A1CUUM | HNRG management. Toast has a market share of around competitive advantage
Roblox 15% of the US restaurant industry in terms of For SMEs without technical teams, switching sys-
80.10 $ 104.48 % 67.05 % 0 Days
A2QHVS | RBLX
payment processing volume. There is still consi- tems is complex and costly. By the end of 2023,
Carpenter Tech-
nology
derable upside potential here, as 32% of restau- 43% of Toast customers were using six or more
229.41 $ 90.18 % 65.51 % 1 Day
858605 | CRS rants in the US stated that installing a new PoS modules. This is a testament to customer satis-
Groupon was a priority in 2022. faction and the increasing difficulty of replacing
26.09 $ 159.05 % 209.86 % 1 Day
A2P6UE | GRPN Toast. The more restaurants use Toast, the more
Astronics Toast helps increase productivity and sales each user benefits from the shared data. With
29.90 $ 143.58 % 111.58 % 1 Day
867880 | ATRO Toast is often seen as just another PoS provider, cross-industry insights, from fast food to ca-
Duolingo but it offers far more than just payments. Deve- sual dining, Toast can support smart tools such
535.25 $ 134.36 % 102.99 % 1 Day
A3CWBB | DUOL loped specifically for restaurants, Toast focused as Sous Chef, an AI assistant for managers. For
Allegheny Tech- early on small and medium-sized enterprises example, if nearby stores are experiencing in-
nologies 75.17 $ 105.87 % 91.61 % 1 Day
(SMEs) and delivered customized, cloud-based creased customer traffic, Sous Chef can suggest
931083 | ATI
solutions. Over time, the offering expanded to in- promotions or engagement strategies to boost
Palantir Techno-
logies 129.23 $ 105.31 % 115.53 % 1 Day clude online ordering (via DoorDash), marketing performance.
A2QA4J | PLTR tools, payroll and more. The focus on customer
Carvana experience and support strengthens the com- Conclusion: Toast‘s Q1 2025 conference call pre-
297.69 $ 104.68 % 100.81 % 1 Day
A2DPW1 | CVNA pany‘s position in the small and medium-sized sented strong financial performance and stra-
Toast business market and contributes to its competi- tegic progress, including significant corporate
45.25 $ 152.61 % 60.91 % 2 Days
A3C3Y4 | TOST tive advantage. In short, Toast helps restaurants wins, robust location growth and progress on AI
Garrett Motion increase productivity and revenue, reduce costs integration. With an increased full-year guidance
12.04 $ 152.12 % 71.70 % 2 Days
GTX
and simplify technology management. For exam- and confidence of achieving record revenue in the
NRG Energy
156.12 $ 124.81 % 96.21 % 2 Days ple, Colada Shop tripled its locations and gross second quarter, the company underscored its ab-
A0BLR4 | NRG
sales with the help of Toast‘s growing suite of ility to overcome macroeconomic challenges and
Faro Technologies
42.29 $ 494.63 % 90.67 % 3 Days tools, enabling more efficient operations. sustain long-term growth.
909382 | FARO
Page 12 THE TRADER TIMES MAY 15, 2025

ADVANCED MICRO DEVICES IN OUR PIVOTAL

Pivotal points USA POINT CHECK: $10 BILLION AI OFFENSIVE
Pivotal points are key points that can be traced back to
significant company news and can mark the starting point of WITH HUMAIN AND $6 BILLION SHARE
major rallies. They are usually formed by quarterly figures.
This template finds stocks that have formed a gap-up of more BUYBACK PROGRAM BOOST!
than 6% in the last 10 days. In addition, the volume must be
Text: Wolfgang Zussner I Photo: Rozhnovskaya Tanya - shutterstock.com
at least 50 % above the 100-day volume MA.

Goal: Recognize the start of great rallys! · $10 billion milestone in the further develop- based AI data centers will be created from the
ment of the global AI infrastructure with Saidi Kingdom of Saudi Arabia to the United States.
Arabia. „Our investment in HUMAIN is a significant

Stock Price Perf. Gap-Up Volume

· New share buyback program worth $6 billion milestone in the advancement of global AI in-
announced. frastructure. Together, we are building a world-
·
WKN | Symbol 10 days ... ago increase
BofA confirms its Buy rating and raises its class AI platform that delivers unprecedented
Foot Locker
23.81 $ 91.59 % 0 Days 90.15 % price target from $120 to $130. levels of performance, openness and reach,“
877539 | FL
said Dr. Lisa Su, Chairman and CEO of AMD.
NV5 Global
22.30 $ 21.00 % 0 Days 73.83 % On Tuesday, May 13, 2025, the White House an-
A1W6GS | NVEE nounced that Saudi Arabia will invest $600 bil- AMD continued to deliver good news on Wed-
Boot Barn Hol- lion in the USA as part of several agreements. nesday. The company announced that its Board
dings 154.81 $ 43.70 % 0 Days 97.82 % The kingdom wants to transform itself from an of Directors has approved a new $6 billion share
A12EFD | BOOT oil state into a modern high-tech location. To repurchase program. This volume is in addition
Ibotta achieve this, the country is fully committed to to an existing buyback program of $4 billion.
61.62 $ 24.50 % 0 Days 99.46 %
A409MX | IBTA artificial intelligence. AMD, which is the most “Our expanded share repurchase program ref-
Reshape Life- important company for AI chips alongside NVI- lects the Board‘s confidence in AMD‘s strategic
sciences 1,724.66
0.33 $ 0 Days 133.22 % DIA, is also benefiting from the Saudi AI boom. direction, growth prospects and ability to con-
%
A40P0G | RSLS sistently generate strong free cash flow,” said
PVH On Tuesday, AMD announced a deal with HU- CEO Lisa Su. Analysts reacted quickly - BofA rai-
85.00 $ 23.71 % 1 Day 93.72 % MAIN, a subsidiary of the Saudi sovereign we- sed its price target for AMD from $120 to $130
A1JHA5 | PVH
Super Micro alth fund, worth $10 billion. A multi-year stra- and confirmed its Buy rating.
Computer 45.23 $ 38.16 % 1 Day 90.15 % tegic cooperation has been agreed with Saudi
A40MRM | SMCI Arabia‘s new AI company. The plan is to build Advanced Micro Devices has a market capita-
Red Cat Holdings 500 MW of AI computing capacity in Saudi Ara- lization of $189.67 billion. Analysts expect re-
6.60 $ 30.16 % 1 Day 66.72 % bia over the next five years, based on the entire venue of $31.65 billion in 2025. Earnings per
A2PPXB | RCAT
AMD computing spectrum and enabled by the share are expected to reach $4.02. Revenue of
Advanced Micro
AMD ROCm Open Software Ecosystem. The data $43.38 billion is expected by 2027. Earnings per
Devices 116.16 $ 20.19 % 1 Day 121.16 %
center is scheduled to commence operations in share should then amount to $7.19. The forward
863186 | AMD
early 2026. P/E 2027 ratio is a moderate 16.3. Demand for
Exelixis
48.04 $ 23.53 % 1 Day 131.08 % AMD chips is increasing due to the billions being
936718 | EXEL
The AI structure agreed between AMD and HU- invested in AI hardware worldwide. The deal in
Everus Construc- MAIN will be open, scalable and deployed to Saudi Arabia was groundbreaking and could
tion ... 60.35 $ 40.64 % 1 Day 127.96 % support AI workloads in enterprises, start-ups lead to further collaborations to expand the glo-
ECGw
and the government market. A network of AMD- bal AI infrastructure.
Nutex Health
166.65 $ 41.24 % 1 Day 183.17 %
NUTX
Arrowhead Phar-
maceut... 15.21 $ 8.34 % 2 Days 91.19 %
A2AGYB | ARWR
Intuitive Machi-
nes 11.49 $ 33.24 % 2 Days 70.57 %
LUNR
First Solar
189.13 $ 49.43 % 2 Days 183.54 %
A0LEKM | FSLR
Sunrun
12.73 $ 77.00 % 2 Days 162.19 %
A14V1T | RUN
Coinbase Global
252.84 $ 25.55 % 2 Days 136.93 %
A2QP7J | COIN
Nextracker
61.22 $ 46.21 % 2 Days 113.54 %
A3D5CW | NXT
Hallador Energy
18.95 $ 29.64 % 2 Days 121.75 %
A1CUUM | HNRG
Page 13 THE TRADER TIMES MAY 15, 2025

3. OKTA
Okta (NASDAQ: OKTA) is a cloud-native security
company focusing on identity and access ma-

THE NEO-DARVAS STRATEGY

nagement. Okta‘s employee offerings enable se-
cure access to cloud and on-premises resources.
With the increasing cyber threats, the demand
for identity and access management solutions is
rising. More and more companies want to con-
solidate their disparate and ineffective identity
systems, increasingly relying on Okta‘s identity
security platform.
The NEO-DARVAS STRATEGY is a remarkable trend-following approach
based on a simple yet powerful concept: Invest in the stocks that are cur-
rently dominating the stage of Wall Street with breathtaking energy and
momentum. The idea is to enter stocks that have experienced a remarka-
ble rise of at least 70% since their mid-year low. But that‘s not all – these
stocks must also have reached a new 52-week high in the last 20 trading
days. For the NEO-DARVAS followers, it‘s about being exactly where the
action is – in the stocks that are currently soaring with full force.

Text: David Engelhardt I Photo: Who is Danny - shutterstock.com

1. NRG ENERGY 2. ASTRONICS CORPORATION 4. GROUPON

NRG Energy is a leading energy company in the Astronics Corporation (Nasdaq: ATRO) provides Groupon (NASDAQ: GRPN) is a global market-
U.S. (Texas) involved in power generation and proven, innovative technology solutions to the place that connects consumers with merchants.
marketing, as well as home services. The compa- aerospace, defense, and other critical industries Consumers access the marketplace through mo-
ny serves over 7 million customers across 24 U.S. worldwide. Astronics works closely with its custo- bile apps and websites, primarily localized pages
states and eight Canadian provinces. It continues mers, integrating its range of technologies for pow- in thirteen countries. Groupon operates in two
to strengthen its position in the U.S. energy sector er, connectivity, lighting, structures, interiors, and segments, North America and International, and
benefiting from the rising energy demand, primar- testing to tackle complex challenges. Today, global across three categories (Local, Goods, and Travel).
ily driven by the rapid development of data centers aircraft manufacturers, airlines, military branches, Revenue is typically generated through transac-
and AI technologies. NRG held a market share of and Fortune 500 companies rely on the innovative tions where commissions are earned from the
7.45% in the U.S. power generation market, ranking capabilities of Astronics. The company‘s strategy sale of goods or services on behalf of third par-
third after Duke Energy (8.04%) and The Southern is to increase its value by developing technologies ties.
Company (7.99%). and competencies that offer innovative solutions
for its target markets.

Volume Dist. from Volume

New high
Price indicator low (120 indicator Total score
(700 periods)
periods) score
Page 14 THE TRADER TIMES MAY 15, 2025

OPINION SHARE ON FIRE

COREWEAVE REMAINS WELL

POSITIONED IN THE GROWTH
MARKET OF AI COREWEAVE: AI HYPERSCALER
CoreWeave has established itself as a
leading provider of AI cloud infrastructure,
INCREASES REVENUE BY 420%
offering specialized GPU-based services. The
company maintains strategic partnerships
IN Q1 - THE CEO DEFENDS HIGH
with industry leaders such as Nvidia, Micro-
soft, and Meta Platforms. Nvidia holds a 5% INFRASTRUCTURE COSTS!
stake in CoreWeave, highlighting the close
collaboration. Analysts, including Brent Thill
from Jefferies, rate the stock positively and
emphasize the scalability and early market
positioning of the company. CoreWeave
recently demonstrated impressive revenue
growth and a strong position in the expanding
AI infrastructure market. The company plans
to spend $20-23 billion on AI infrastructure
Text: Andreas Zehetner I Photo: Caureem - shutterstock.com
and data center capacities this year to meet
the booming demand from customers like Mi- COREWEAVE - CoreWeave sector this year. The potential to the high investment costs of
crosoft. In light of the trade tensions between (CRWV) considers itself a leading appears enormous. AI is projec- $20-23 billion this year. To date,
the U.S. and China, CoreWeave is actively wor- AI hyperscaler, fully focused on ted to have a global economic over $21 billion has been spent.
king to diversify its supply chains to minimize providing AI computing capacities impact of $20 trillion by 2030. CEO Michael Intrator defended
the impact of tariffs. with its 33 globally distributed Consequently, the total addressa- the plans, emphasizing that in-
data centers. This is expected to ble market is expected to grow to vestments in new infrastructure
offer performance and cost ad- $400 billion by 2028. A risk factor will only be made when there
vantages compared to other pro- remains the high customer con- are already multi-year customer
viders, with a new industry record centration, with Microsoft alone contracts that justify these in-

Revenue of between $1.06 and $1.1 in AI inference performance set accounting for over 62% of total vestments. The stock continues
in April based on NVIDIA‘s GB200 revenues last year. to trade around its all-time high.
billion is forecast for the second Grace Blackwell Superchips. The
quarter, while revenue of between company has now increased its On May 14, revenue expectations
$4.9 and $5.1 billion is expected for order backlog by 63% to $25.9 were significantly exceeded with
billion, particularly thanks to a a 420% increase to $981.6 million
the full year 2025. contract announced in March with (consensus: $859.8 million). Ad-
OpenAI worth $11.9 billion. justed EBITDA nearly sextupled,
climbing by 480% to $606 mil-
The company‘s order backlog Northland analysts have a price lion, with the margin improving
recently amounted to almost target of $80 (Buy) and expect the by around 6% year-over-year to
$26 billion, with the five-year company to capture and maintain 62%. However, there were ini-
a 10% market share in the AIaaS tial after-hours profit-taking due Andreas Zehetner
contract with OpenAI contributing
$11.2 billion.
Page 15 THE TRADER TIMES MAY 15, 2025

OPINION AKTIE ON FIRE

4 REASONS WHY I NOW

HAVE THE LIFE360 STOCK
ON MY WATCHLIST!
- Life360 reported strong quarterly numbers
on May 12, with a revenue increase of 32% to
$103.6 million. EBITDA rose from $4.4 million

THE IPO LIFE360 IMPRESSES WITH

to $15.9 million, indicating improved operatio-
nal efficiency.
- Additionally, the number of monthly active
users grew by 26% to 83.7 million, while
paying subscribers increased by 43% to 2.4
QUARTERLY RESULTS EXCEEDING
million. Since only 3% of users are currently
paying subscribers, there is still significant
EXPECTATIONS — THE STOCK BREAKS
room for growth.
- What I also like is the implementation of ad-
OUT TO AN ALL-TIME HIGH!
vertising. So far, advertising revenue accounts
for only 12%. However, this segment grew by
a staggering 99% in the last quarter, which I
believe has the potential to further accelerate
overall growth in the coming quarters.
- The stock demonstrates relative strength
Text: Andreas Haslinger I Photo: fizkes - shutterstock.com
and broke out from a multi-month base to
reach a new all-time high with the quarterly LIFE360 - Life360 is a company fitable for the first time this year. to a new all-time high of $60 fol-
numbers. Further purchases could follow. that went public a year ago. Follo- In Q1, earnings per share were lowing the Q1 results. Should we
wing a breakout from a base after $0.06. Profitability is likely to see a multi-day pullback to the
strong quarterly results to an all- further increase as Life360 has EMA 10 or the breakout level at
time high, the stock must now be recently initiated multiple mone- $54, this presents a good entry
on the watchlist. The company of- tization efforts for advertising. point with favorable risk-reward
fers software for location sharing Additionally, the number of pay- ratio. (LIF)
Following strong quarterly figures and family networking with vari- ing subscribers continues to rise.
that exceeded expectations, the ous features such as geofencing The number of paying subscri-
share price broke out of a multi- to enhance safety and coordina- bers increased YoY by 26% to 2.4
tion within families or groups. million users. Currently, there are
month base to a new all-time high.
83.7 million monthly active users
On May 12, the company repor- on the platform. Since only 3% of
ted strong numbers for Q1, which them have a paid subscription so
significantly exceeded expecta- far, there seems to be significant
The number of monthly active tions. Revenue rose by 32% to room for growth.
users recently grew by 26% to 83.7 $103.62 million, while the com-
million. As only 3% are paying sub- pany is expected to become pro- The stock was able to break out Andreas Haslinger

scribers so far, there could still be

plenty of room for growth here.
Page 16 THE TRADER TIMES MAY 15, 2025

HOT NEWS SHARE ON FIRE

Zuckerberg‘s Vision - Will MetaAI

Bring the End of the Advertising
Industry as we Know it?
SECUNET SECURITY PROVIDES
Text: Thorsten Reich

CYBERSECURITY AND ENCRYPTION

CAPABILITIES. NEW CONTRACTS
AWAIT WITH ANNUAL DEFENSE
Mark Zuckerberg has outlined a radical vision for
the future of the advertising world in a new inter-
SPENDING OVER € 200 BILLION!
view – and it’s quite striking. The direction is clear:
Artificial intelligence should not only assist in the
Text: Jörg Meyer I Photo: Gorodenkoff - shutterstock.com
future but take over the entire advertising value
creation. Creatives, agencies, and marketing teams
could become redundant as a result.

MetaAI takes control

The message is clear: Companies will only need to SECUNET SECURITY - In Turkey, border controls, cryptography, ket for Secunet Security, making
link their bank account – the rest will be handled a summit between Russia and secure mobile workplaces, and it a beneficiary of the new go-
by Meta. From copywriting and video production to Ukraine will take place on May 15, connectors for healthcare. NATO vernment, budget approvals, and
precise target audience engagement and success 2025. Whether there will be pro- states have already been among higher defense spending. A solid
evaluation, MetaAI will take over all tasks that are gress in the negotiations towards their customers, equipped with foundation for the current year is
currently distributed across many shoulders. This peace remains uncertain. At the robust and mobile laptops for the order backlog of €201.9 mil-
is not just about individual automation steps, but same time, NATO foreign mi- secure data exchange. Currently, lion. Management sees a strong
about the ambitious goal of transforming large nisters are also meeting. In this they are working on new next-ge- pipeline. In any case, growth is
parts of an advertising market that moves over context, German Foreign Minis- neration products that are „post- expected in the defense sector
$1.15 trillion annually. ter Johann Wadephul supported quantum cryptography ready,“ over the next few years, and hig-
Trump‘s demand for NATO spen- ensuring that quantum compu- her NATO spending targets would
Creative industry under pressure ding to increase from 2% to 5%. ters cannot perform decryption. reinforce this. Chart-wise, the
What sounds like efficiency is, for many, also a de- This could send a signal to other stock becomes attractive once it
claration of war. Copywriters, film crews, media countries if Germany spends over The first quarter showed un- breaks above the resistance line.
agencies – all these classic players could be pus- €200 billion a year in the future usually strong growth of 35.9%
hed to the sidelines in an AI-driven future. Meta is on defense and military infras- to €78.3 million, driven by the
thereby posing a fundamental question: Does mo- tructures. high order intake from the fourth
dern advertising still need humans? quarter of 2024. Both revenue
A beneficiary, regardless of the from the public sector (+38.9%)
Opportunities for small players – or dangerous outcomes in Turkey but a win- and from the corporate sector
dependency? ner in the face of higher defen- (+20.5%) made significant pro-
Zuckerberg emphasizes the benefits for small and se spending, is Secunet Securi- gress. With a share of 88%, Ger-
medium-sized enterprises: They will gain access ty. The company specializes in many still represents a key mar- Jörg Meyer
to tools that were previously reserved for large
corporations. However, the downside is evident –
an entire economic sector could become centrali-
zed due to Meta‘s growing dominance.

Advertising revolution
What remains is a feeling of awe – and unease. Is
this the next logical step in digital progress? Or is
Meta steering towards an advertising world where
human creativity is ultimately pushed aside? The
question remains open – but the change has alrea-
dy begun.
Page 17 THE TRADER TIMES MAY 15, 2025

OPINION SHARE ON FIRE

EINHELL: A SMALL CAP THAT

BENEFITS FROM THE HOUSING
CONSTRUCTION BOOM WHILE
FLYING UNDER THE RADAR! DLOCAL LTD: FINTECH INCREASES
Most investors are familiar with Einhell (WKN
A40ESU) because the company is present
PROCESSED PAYMENT VOLUME BY
in hardware stores with its power tools and
garden equipment. Thanks to their unified 51% IN Q1!
battery system for 300 products, customers
become repeat buyers. Those who use Einhell
products will turn to the brand again for new
purchases to save on the acquisition of other
battery systems. Einhell plans to expand its
offering to over 450 Power-X-Change products Text: Marvin Herzberger I Photo: wee dezign - shutterstock.com
by the end of 2027, aiming to increase the
revenue share of these products from 51% to DLOCAL LTD - dLocal Ltd. (DLO) improved by 150% to $0.15. The flow to net income ratio stood at a
70%. is a fintech company from Uru- processed payment volume (Total solid 85%, confirming the strength
guay. The company offers a com- Payment Volume, TPV) positively of the business model. At the end
In my opinion, the stock is one of the small prehensive payment platform impacted the results with a rise of of the quarter, the company had
caps that operates under the radar. This still that enables global merchants to 51% to a record value of $8.1 bil- $511.5 million in liquid assets,
offers opportunities even after the current efficiently process payments in lion. The gross margin was 39%, including $355.9 million in corpo-
rise, as it has a low valuation with a P/E ratio emerging markets. With a single while gross profit as a percentage rate cash. Despite share buybacks
of 11.5 for 2025. As a reminder, in a weak API, businesses can accept pay- of TPV fell to 1.05%—primarily due totaling $100 million, the cash
consumption environment, Einhell grew ments from customers (Pay-ins) as to structural changes in Brazil and position increased by $58 million
by 12.4% in the first quarter of 2025. The well as make payouts to partners seasonal effects in Mexico. Chal- year-over-year. The company con-
competitive position is strong. By expanding and service providers (Payouts). lenges in South Africa and Nigeria tinues to invest in technology and
the „Professional Line“ of power tools for The company operates in more led to increased processing costs, infrastructure to solidify its posi-
tradespeople to 117 products, the company than 40 countries, has over 1,000 but were partially offset by strong tion as a leading payment platform
will benefit from the housing construction members, and over 700 connected developments in Argentina and in emerging markets and to benefit
boom with more renovations and new builds merchants. The services are pri- Chile. This shows how differently from the growing demand for digi-
in Germany. Furthermore, internationaliza- marily aimed at large international regional markets can impact the tal payment services.
tion is a key focus. The company aims to sell companies operating in emerging overall results. Meanwhile, experts
its products in the largest DIY market in the markets. had only anticipated a revenue
world - the USA. of $210.08 million and an EPS of
On May 14, the company presented $0.11 for the first quarter.

Einhell is one of the second-line stocks its report for the first quarter after
market close. Accordingly, reve- dLocal achieved a free cash flow of
that stock market players pay less nue increased by approximately $39.7 million in the first quarter—
attention to, even though it is growing 17.55% compared to the previous an increase of 200% compared to
significantly, has a moderate valuation year to $216.80 million, and EPS the previous year. The free cash Marvin Herzberger
and offers growth opportunities.

More construction and renovation

activity in Germany and expansion
in the USA are the most important
demand drivers in the medium term.
Page 18 THE TRADER TIMES MAY 15, 2025

BOOT BARN HOLDINGS

US0994061002 UBS
In a current analysis, the Swiss bank UBS describes Boot Barn as an underrated

ANALYSTS‘
growth story with significant potential for the coming years. According to the
responsible analyst, the company plans to open about 330 new locations in the
next five years. This expansion could lead to an average annual earnings growth

TOP 5 per share of about 13%. Another advantage of Boot Barn, according to UBS, is its
ability to cope better with import tariffs and trade barriers than many smaller
competitors. The experts consider Boot Barn to be well-positioned for long-

PRICE TARGETS term, profitable growth, supported by a clear expansion strategy, operational
efficiency, and competitive advantages in retail.

Photo: Who is Danny - shutterstock.com PRICE TARGET $210 POTENTIAL 50 %

SCOUT24 CYTOMX THERAPEUTICS

DE000A12DM80 JPMorgan
US23284F1057 H.C. Wainwright
The responsible analyst Marcus Diebel justifies the revaluation with a combi-
nation of strong price development, convincing revenue dynamics, and future The reason for the revaluation is promising clinical data on the drug candidate
margin potential. Diebel highlights that new products have accelerated growth CX-2051, a so-called masked EpCAM ProBody Topo-1 antibody-drug conjugate
and led to positive adjustments in earnings estimates. While revenue growth (ADC). The experts from Wainwright see a clear indication of the efficacy of CX-
is now largely understood by the market, profitability has now come into the 2051 in the data and now recognize a realistic development path for the use of
focus of investors. Here, Diebel sees further potential, particularly through the drug in the treatment of colorectal cancer. CytomX‘s technology is based
measures from the new CEO Ralf Weitz, who aims to improve the cost structu- on so-called ProBody therapeutics, which are activated only in tumor tissue
re through more efficient marketing spending, targeted personnel measures, and thus largely spare healthy cells. The goal is a more targeted and tolerable
and the use of artificial intelligence. In a particularly optimistic scenario, the
expert even sees a price of €165 as possible. cancer therapy.

PRICE TARGET €141 POTENTIAL 27 % PRICE TARGET $5 POTENTIAL 113 %

SPX TECHNOLOGIES TUI

US78473E1038 B. Riley DE000TUAG505 Hauck Aufhäuser
SPX is a global provider of highly specialized technical solutions in HVAC
(Heating, Ventilation, Air Conditioning) as well as Detection and Measurement Analyst Marie-Therese Gruebner sees the recent decline in TUI‘s stock price as
(D&M). The company has an impressive track record of profitable growth, both exaggerated and recommends investors use this pullback as a buying oppor-
through organic development and targeted acquisitions, according to analyst tunity. In her analysis, she points out that the second fiscal quarter for TUI is
Jeff Van Sinderen. In his analysis, the expert highlights SPX‘s strong market traditionally the seasonally weakest. This year, it was additionally complicated
position. About 90% of the revenue comes from brands that are market lea- by Easter falling in the third quarter, which further burdened booking numbers
ders or runners-up in their segments. Van Sinderen sees the company well- in the second quarter. Normally, summer bookings significantly increase after
positioned for years of revenue growth and increasing profitability, supported Easter. Gruebner emphasizes that the booking trends are positive, and there-
by strategic initiatives and a highly differentiated product portfolio. fore the stock has not been unjustifiably punished fundamentally.

PRICE TARGET $195 POTENTIAL 28 % PRICE TARGET €11.20 POTENTIAL 60 %

OPINION

H. LUNDBECK A/S: SPECIALIST IN PSYCHIATRIC

AND NEUROLOGICAL DISORDERS!
H. Lundbeck A/S Ordinary Shares B (A3DMBV) (i.) is a healthcare
company focused on medications for the treatment of depres-
sion, schizophrenia, Alzheimer‘s, Parkinson‘s, migraines, and
epilepsy. I believe the company is addressing several diseases
The start to the year was
where the demand for treatment could increase in the future, strong with an 18% increase
partly due to an aging population. On May 14, the company in sales and EPS growth of
already attracted positive attention. Expectations for revenue
and EPS were exceeded in the first quarter. Particularly positive 15%. The subsequent forecast
was the demand for Vyepti for migraine prevention, which saw a increase should allow share
revenue increase of 62% compared to the same period last year.
prices to rise!
The generally positive developments were also taken as an op-
portunity to raise the annual forecast and announce significant
investments in further research and development. With a P/E ra-
tio of 10 and a dividend yield of just over 3%, the stock currently The expected uncertainty in business
appears attractive for traders. in the USA could be exaggerated!
Page 19 THE TRADER TIMES MAY 15, 2025

HOT NEWS

QATAR IN BUYING MOOD! BOEING RECEIVES LARGEST

ORDER IN ITS HISTORY OF UP TO 210 AIRCRAFT!
Text: Andreas Wimbauer

The aircraft manufacturer Boeing (BA) received its Qatar Airways over the next decade that will connect „This is a pivotal next step for Qatar Airways on our
largest order to date for up to 210 wide-body aircraft more people and businesses worldwide with unmat- journey to invest in the cleanest, youngest, and most
worth over $96 billion on Wednesday, May 14, 2025. ched efficiency and comfort,“ said Stephanie Pope, efficient fleet in global aviation. This allows us to
The contract with Qatar Airways was signed during a President and CEO of Boeing Commercial Airplanes. meet the strong demand from the airline and connect
visit by President Trump to the country. Boeing CEO passengers seamlessly and better than anyone else
Kelly Ortberg was present at the ceremony alongside Details of the record deal with the world. After two consecutive years of record-
Trump and the Emir of Qatar, Sheikh Tamim bin Ha- The order includes 130 Boeing 787 Dreamliners and breaking commercial achievements and this historic
mad Al-Thani. The stock reached a new 52-week high 30 Boeing 777-9s. The 787 family offers a 25% impro- Boeing aircraft order, we are not only aiming for size,
and closed the trading day up 0.6% at $204.72. ved fuel efficiency compared to older models and is but building strength that allows us to continue deli-
considered particularly comfortable for passengers. vering our unmatched products and customer expe-
Historic milestone for Boeing and Qatar Airways The 777-9 is the largest twin-engine aircraft in the riences. We thank our Boeing partners for answering
After receiving an order for 20 737-8 jets and options world and is also expected to consume 25% less fuel the call, and we look forward to a shared future with
for ten more aircraft from Saudi Arabia the day befo- and reduce emissions. Additionally, the agreement in- continued intelligent growth,“ said Qatar Airways
re, Boeing was able to announce its largest order in cludes options for another 50 aircraft of both types. Group CEO Badr Mohammed Al-Meer.
the company‘s history. Boeing and Qatar Airways have With this order, Qatar Airways becomes the largest
reported a groundbreaking agreement to purchase up operator of 787 Dreamliners in the Middle East, cur- Boeing hopes for a turnaround after years of crisis
to 210 wide-body aircraft. This order represents the rently operating over 150 Boeing aircraft. The billion-dollar order from Qatar could mark a turn-
largest wide-body order in Boeing‘s history and marks ing point for Boeing. Since 2018, the aircraft manufac-
the largest order for the 787 Dreamliner as well as Partnership for sustainable growth turer has been operating at a loss due to safety issu-
the largest aircraft purchase in the history of Qatar Earlier this week, China reportedly lifted a ban on deli- es, production defects, a nearly two-month strike, and
Airways. The ceremony was signed in the presence veries of Boeing aircraft for its airlines as part of tariff trade conflicts with China. However, there has recent-
of U.S. President Donald J. Trump and the Emir of reductions with the U.S. Qatar Airways now views this ly been a slight recovery. In the first quarter of 2025,
Qatar, Sheikh Tamim bin Hamad Al Thani. The mega- investment as a critical step in expanding and moder- Boeing was able to reduce losses and reported 175
deal is set to secure around 400,000 jobs in the U.S. nizing its fleet with a focus on efficiency, sustainabi- aircraft delivered by April – significantly more than
and strengthens Qatar Airways‘ position as a leading lity, and customer satisfaction. CEO Badr Mohammed 107 during the same period last year. In April alone,
international airline. Al-Meer emphasized that it is not only about growth 45 jets were delivered. With a backlog of over $500
but also about strategically enhancing the strengths billion and the new record order from Qatar, Boeing
„We are deeply honored that Qatar Airways has placed of the airline. Boeing, in turn, sees this order as a con- now hopes for a significant increase in production and
this record order with Boeing. It solidifies their future firmation of confidence in its wide-body products and a return to profitability.
fleet with our market-leading wide-body family. Our announced that it will continue the production of jets
team looks forward to building 787s and 777s for for Qatar Airways over the next decade.
Page 20 THE TRADER TIMES MAY 15, 2025

HOT NEWS

SEPTERNA STOCK EXPLODES AFTER BILLION - DOLLAR

DEAL WITH NOVO NORDISK
Text: Dr. Philip Bußmann

The stock of the US biotechnology company Sep- payments from Novo Nordisk could total up to $2.2 logical step to expand its leadership position in the
terna (NASDAQ: SEPN) experienced a spectacular billion. Additionally, the agreement includes tiered area of metabolic diseases into the oral segment as
price jump on Wednesday, May 15. Following the royalties on the global net sales of marketed pro- well. The Danish company is currently the market
announcement of a far-reaching research and de- ducts. leader in GLP-1-based injectables but faces increa-
velopment collaboration with the Danish pharma- sing competition, such as from Eli Lilly, which has a
ceutical company Novo Nordisk (NYSE: NVO), the The stock market reacted promptly: Septerna‘s promising oral GLP-1 agonist, Orforglipron, in clini-
stock surged by approximately 50% during regular share price climbed to over $10 at times during cal development.
trading. The background is a strategic agreement the day, ending trading with a substantial gain of
with a potential total value of up to $2.2 billion. No- around 50%. Through the collaboration with Septerna, Novo se-
tably, even after the price jump, Septerna‘s market cures early access to technology that has the poten-
capitalization remains below $500 million. Novo Nordisk Expands Oral Portfolio tial to complement or surpass existing therapeutic
For Novo Nordisk, the partnership is a strategically approaches, both medically and commercially.
Strategic partnership in the growing field of obe-
sity
The core of the collaboration is the joint develop-
ment and potential future commercialization of
oral, low-molecular-weight compounds for the
treatment of obesity, type 2 diabetes, and other
cardiometabolic diseases. The focus is on so-called
G-protein-coupled receptors (GPCRs), a significant
target class in drug research.

Novo Nordisk will cover all research and develop-

ment costs for the agreed-upon programs. In re-
turn, the company will gain access to Septerna‘s
technology platform, designed to identify novel
compounds targeting GPCRs. The addressed recep-
tors include GLP-1, GIP, and glucagon receptors –
all key mechanisms in current obesity therapy.

Septerna‘s technology as the basis for collabora-

tion
Septerna contributes its proprietary Native Com-
plex Platform™ – an innovative method for the
structural analysis of GPCRs outside of living cells.
This technology allows for the identification of
new binding sites and the targeted development of
compounds that can modulate multiple receptors
simultaneously. The goal is to develop oral formu-
lations that achieve similar or improved efficacy
compared to established injectable medications
like Wegovy or Ozempic.

With this approach, Septerna aims to contribute to

the next generation of obesity medications, with
the advantage of oral administration, which is sig-
nificantly more comfortable and accessible for pa-
tients.

Financial dimension and market reaction

The financial terms of the deal underscore its stra-
tegic importance: Septerna will receive over $200
million in upfront and near-term milestone pay-
ments. Depending on the progress of the programs,
Page 21 THE TRADER TIMES MAY 15, 2025

OPINION

AEVA TECHNOLOGIES: FIRST MOVER IN 4D LIDAR

SENSORS CONCLUDES BOT TOM FORMATION
Aeva Technologies (AEVA) is an exciting option to play the megatrends of autonomous driving, indus-
trial automation, and robotics. The company is a first mover in 4D LiDAR sensors, which integrate all
components for compact and cost-effective solutions on a chip thanks to CoreVision. The FMCW tech-
nology enables precise position and speed measurements, surpassing conventional Time-of-Flight
LiDARs. The prolonged base formation phase of over two years is likely now concluded:

SICK and LMI Technologies are the first major customers in the industrial sector to initially order
1,000 Eve 1D sensors. These claim 15% market share in precision measurement technology. The Revenue is set to increase significantly
opportunities improve in a $4 billion market with over 2 million sensors sold annually.
to almost $245 million by 2028
A milestone was achieved with the integration of Atlas Ultra at a top 10 automobile manufacturer. A
large production order could be secured this year. A new Tier-2 manufacturing partner accelerates
product introduction in both industrial and consumer markets. The partner invests $50 million and Expansion into road safety - Sensys
acquires 6% of Aeva shares. Gatso as an exclusive partner for
The co-founder and CEO speaks of a turning point. Revenues are expected to increase by 80-100%
speed measurements
this year, but significant sales are not expected until 2027.

HOT NEWS

ALLIANZ: STRONGEST QUARTER EVER – FLEXIBLE

RETIREMENT PLANNING AND DIGITAL HEALTH
PROTECTION AS GROWTH DRIVERS!
Text: Moritz Blattmann

Allianz has started the fiscal year 2025 with an particularly through new telematics tariffs in the of the sector rose to €811 million. This impressively
operational record result of €4.2 billion. The busi- automotive sector, residential property insurance demonstrates that responsible capital investment
ness volume increased by 11.7% in the first quarter with climate risk coverage, and flexible product and economic success are not contradictory but
to €54 billion. This strong start not only demon- solutions for self-employed individuals. These new rather a viable model for the future.
strates operational efficiency but also the targeted offerings enable tailored protection that adapts to
implementation of strategic growth measures. With individual needs and risks. At the same time, the Excellent foundation for an ambitious year
new products, consistent digitization, and a clear loss ratio was reduced to 91.8% – a reflection of The operational result of the first quarter already
customer focus, Allianz is solidifying its position as effective risk management and high operational accounted for 26% of the targeted annual value of
an innovation leader in a challenging market envi- quality in this segment. €16 billion. The business in strategic core areas
ronment. developed particularly positively, confirming the
Sustainable investments on a growth path consistent focus on future-oriented customer solu-
Flexible retirement planning meets digital health In the area of asset management, Allianz has tions. Additionally, the share buyback program an-
In the life and health insurance segment, Allianz achieved strong net inflows of €28.7 billion despite nounced in February was implemented as planned,
reported an impressive new business growth of a challenging market environment. Particularly in with shares valued at €0.1 billion being repurcha-
16.8%. The new flexible retirement plan combi- demand were ESG products from PIMCO and Alli- sed in the first quarter. This not only demonstrates
nes classic guarantees with opportunity-oriented anz Global Investors – such as funds focused on cli- Allianz‘s operational strength but also a consistent
capital investment and also offers options for ad- mate protection, social infrastructure, or sustaina- capital management aimed at long-term stability
justments throughout life – such as during family ble corporate development. The operational result and sustainable value creation.
formation or retirement planning. Additionally, a
digital health solution has been introduced that
consolidates telemedical care, preventive services,
and care insurance into a modular platform. Both
new products aim to provide customers with more
design freedom, transparency, and security – digi-
tally and in a contemporary manner.

Reimagining insurance – smart, modular, indivi-

dual
The property and casualty insurance business also
performed strongly. In the private customer seg-
ment, Allianz achieved an internal growth of 9% –
Page 22 THE TRADER TIMES MAY 15, 2025

TRADING SECTION

DIVERSIFICATION WITH GAMING, MUSIC, E-COMMERCE,

AND EDUCATION: NETEASE (NTES) ACHIEVES A 35%
INCREASE IN NET INCOME AND BREAKS OUT.

The stock of NetEase (NTES) was already poised for

a breakout ahead of the quarterly earnings report.
It is a leading Chinese internet and gaming company
with a diversified business model based on several
digital platforms.

Text: Stephan Bank I Photo: Sergei Elagin - shutterstock.com

The stock of NetEase (NTES) was already poised core areas. In the music and innovation segment, NetEase (ISIN US64110W1027): NetEase remains
for a breakout ahead of the quarterly earnings re- however, there were declines, primarily due to one of the leading players in the Chinese and inter-
port. It is a leading Chinese internet and gaming falling advertising revenues and decreased sales national gaming market, benefiting from success-
company with a diversified business model based at Yanxuan. Overall, revenue increased by 7.4% to ful new game releases and a strong pipeline. The
on several digital platforms. The company deve- approximately $4 billion. Net income grew by 35% stock is now experiencing a clear breakout.
lops and operates online games, music streaming, to $1.4 billion.
e-commerce, educational services, and other in-
ternet-based services.

he company reported its quarterly earnings

on Thursday (May 15). Growth drivers in Q1 in-
cluded successful new game releases such as
„Marvel Rivals“ (top seller on Steam), „Whe-
re Winds Meet“ (30 million registered players),
„FragPunk“ (over 110,000 concurrent players at
launch), „Once Human“ (No. 1 in the iOS down-
load charts in over 160 regions). Additionally,
there was strong performance from establis-
hed titles: „Identity V,“ „Fantasy Westward Jour-
ney Online,“ „Naraka: Bladepoint,“ and „Justice.“

In the online education sector (Youdao), a record

quarterly profit was achieved despite a decline in
revenue, as the focus shifted to more profitable
Page 23 THE TRADER TIMES MAY 15, 2025

TRADING SECTION

HIGH RESILIENCE IN WEAK A INDUSTRY ENVIRONMENT:

THE AGRICULTURAL MACHINERY SPECIALIST DEERE &
COMPANY IS SUFFERING LESS THAN EXPECTED.
THE STOCK BREAKS OUT.

Deere & Company (DE), globally known under the John Deere brand, is a
leading manufacturer of agricultural, construction, and forestry equip-
ment, as well as a provider of solutions for precision agriculture and
intelligent machines. The company operates globally, with key focuses
in the USA, Europe, and Latin America, serving central future markets
such as sustainable agriculture, infrastructure, and digitization.

Text: Stephan Bank I Photo: ShDrohnenFly - shutterstock.com

Deere & Company (DE), globally known under the (consensus: $5.64). For the full year 2025, Deere Company demonstrates resilience in a tough in-
John Deere brand, is a leading manufacturer of & Company expects net profit to be between $4.75 dustry environment and is consistently investing
agricultural, construction, and forestry equipment, billion and $5.5 billion. in future technologies. The innovation pipeline
as well as a provider of solutions for precision and focus on efficiency remain optimistic despite
agriculture and intelligent machines. The compa- Deere & Company (ISIN: US2441991054): Deere & short-term declines.
ny operates globally, with key focuses in the USA,
Europe, and Latin America, serving central future
markets such as sustainable agriculture, infras-
tructure, and digitization.

The stock has significantly recovered and is back

at its high. The figures presented on Thursday
(May 15) are expected to lead to another breakout.
In the second quarter, Deere & Company faced a
noticeably weaker market environment: Demand
for agricultural equipment declined, particularly
in the Small Agriculture & Turf segment. Despite
the revenue decline, Deere focused on innovations
such as autonomous, battery-electric tractors and
digital solutions to maintain competitiveness. Re-
venue fell by 16% to $12.763 billion, but was ne-
arly $2 billion above estimates. Net profit dropped
to $1.804 billion (previous year: $2.370 billion),
with EPS at $6.64, also exceeding expectations
Page 24 THE TRADER TIMES MAY 15, 2025

8 DAILY ROUTINES TO DOMINATE THE MARKET

We discuss one routine in each issue of The Trader Times.

I have already achieved the feat of increasing my portfolio tenfold twice. In the period from
2006 to 2010, I increased my trading portfolio from €100,000 to €1,000,000 as a heavy
trader. I achieved the same feat from 2016 to 2020 with a focused investing portfolio (ma-
ximum of 3 positions in the portfolio). The NVIDIA position alone exceeded the €1,000,000
profit mark in 2020. If you want to multiply your portfolio, you need to master the market.
The following 8 daily routines will help! I have been carrying out these routines every day for
over 15 years in order to become aware of the most promising stocks.

Which stocks are reaching new 52-week highs and Which stocks are the biggest winners and losers of
why? the last 4 weeks?
A stock that multiplies does not complete its price movement within a few Movement indicates that something is happening. Fundamental changes, in
days, but the rally usually extends over several months and years. Multiplier turn, are the basis for larger price movements. As traders, we need to know
stocks are regulars in the "new 52-week high" radar box. If you consistently which shares are currently moving strongly and we need to find out what
monitor all stocks that reach new 52-week highs, you will be aware of all the is behind this. Only by systematically observing price movements and their
top stocks and never miss a multiplier story again. causes are we able to recognize significant changes in good time before the
mass of market participants.

Which stocks are growing under rising Which industries and sectors are strong?
trading volumes and why? Are there logical reasons for this?
When a stock rises with increasing trading volume, this is known as accu- The state of the global economy is constantly changing in cyclical waves.
mulation. One or more market participants want to build up larger positions Even a glance at recent history shows the brute force of these cycles. After
in a stock. Why do they want to do this? Sharp changes in trading volume the Covid-19 lockdowns, freight rates for shipping containers shot up and
are particularly interesting when there is no news. Insider information may shipping company shares increased tenfold. Solar stocks fared similarly
then be priced in. And we are talking about legal insider information here, for following the Russian invasion in Ukraine. The good thing for us traders is
example from industry insiders. that these cycles take place over periods of many months. We can observe
them and react to them.

Which stocks have started a rally in the last 8 Which stocks are showing a gap-up with the poten-
weeks after a pivotal news point? tial for a pivotal news point?
Jesse Livermore once put it like this in his classic book "How to trade in A pivotal news point is the strongest and most important signal we know on
Stocks": If you buy a stock at its pivotal point, you have the security of having the stock market. It is triggered by news that creates completely new condi-
bought at the very beginning of a movement. You can then lean back and tions and opens up a completely new perspective for a company. Specifically,
enjoy the show as the stock market prices in the new prospects and fantastic there are indications that all analysts' earnings estimates for the next few
rallies develop. We must consistently track new rallies triggered by news. years will be pulverized. The term "pivotal point" comes from Jesse Livermo-
re. I developed it into the Pivotal News Point concept in 2006.

Which shares are trading at all-time highs or Which are currently the fastest-growing companies
have even formed a Darvas signal? on Wall Street?
A Nicolas Darvas breakout indicates a breakout to a new all-time high. An- The biggest winning stocks in the history of Wall Street all follow the same
other prerequisite for a Darvas signal is that the share has risen by at least script: small companies became big companies. Garage start-ups became
100% since its half-year low. The name goes back to a well-known trader, global corporations. Companies achieve this by increasing their revenue at
Nicolas Darvas, who used this method in the 1950s and made a small fortune high double-digit growth rates over a period of years. We must therefore
with the trading strategy of "betting on rising stocks"." You could say that Dar- always keep an eye on the fastest growing stocks on the market and assess
vas concentrated on the most dazzling and successful stocks on Wall Street. the future viability of the business model.
Page 25 THE TRADER TIMES MAY 15, 2025

IMPRINT

Publisher Inc., XPeng Inc. (ADRs)

TraderFox GmbH
Obere Wässere 1 Martin Springmann
72764 Reutlingen Stock positions: Awilco LNG ASA, Tesla Inc.
Phone: +49 (0) 7121 8208028 Derivative positions: Deutsche Telekom AG, Brenntag SE, Amazon.com Inc.,
www.aktien-mag.de Blackstone Group L.P., PayPal Holdings Inc., Tesla Inc.

Persons involved and clarification of own positions. Jörg Meyer

All editors have committed themselves to strict standards of conduct. Stock positions: Fabasoft AG, Kontron AG, Amadeus Fire AG, All for One Group
SE, Energiekontor AG, Cancom SE, Data Modul AG, Init Innovation in traffic
Martin Niebuhr Systems SE, ABO Energy GmbH & Co. KGaA, GFT Technologies SE, YOC AG, KSB
Stock positions: Apple Inc., Meta Platforms Inc., Tesla Inc. SE & Co. KGaA, Sto SE & Co. KGaA Vz., IVU Traffic Technologies AG, PVA TePla AG,
MBB SE, 2G energy AG, Datagroup SE, Nynomic AG, technotrans SE, Gesco SE,
Simon Betschinger Allgeier SE, TeamViewer SE, IONOS Group SE, Bauer AG, HENSOLDT AG, Zeal
Stock positions: Deutsche Bank AG, Bayerische Motoren Werke AG, Bayerische Network SE, Intel Corp., Robinhood Markets Inc., Tesla Inc.
Motoren Werke AG, Deutsche Post AG, Deutsche Telekom AG, Salzgitter AG, Lang
& Schwarz AG, Puma SE, Siemens AG, Sto SE & Co. KGaA Vz., Uzin Utz SE, TraderFox-Depots
Villeroy & Boch AG, Vossloh AG, Hannover Rück SE, Allianz SE, Münchener Stock positions: United Internet AG, Bechtle AG, Cancom SE, Jungheinrich AG,
Rückversicherungs-Gesellschaft AG in München, MTU Aero Engines AG, 2G Merck KGaA, SAP SE, Siemens AG, Allianz SE, Münchener Rückversicherungs-
energy AG, adesso SE, Freenet AG, DocCheck AG, Vonovia SE, Thales S.A., Adobe Gesellschaft AG in München, M1 Kliniken AG, technotrans SE, adesso SE,
Inc., Alphabet Inc., Amazon.com Inc., American Express Co., Applied Materials Siemens Energy AG, TraderFox High-Quality Alpha Selection Index/Call/GOLDS,
Inc., Cboe Global Markets Inc., The Coca-Cola Co., Deere & Co., ExlService KION GROUP AG, QIX Deutschland Index (EUR)/Call/UBS, QIX Dividenden Europa
Holdings Inc., Meta Platforms Inc., General Dynamics Corp., Jack Henry & Index (EUR)/Call/UBS, Pernod-Ricard S.A., Thales S.A., Vinci S.A., Accenture PLC,
Associates Inc., Keysight Technologies Inc., L3 Harris Technologies Inc., Leidos Franklin FSTE India UCITS ETF, Elbit Systems Ltd., Wix.com Ltd., JD.com Inc.,
Holdings Inc., Lockheed Martin Corp., McDonald‘s Corp, Microsoft Corp., Tencent Holdings Ltd, Nebius Group N.V., Leroy Seafood Group AS, Salmar ASA,
Northrop Grumman Corp., NVIDIA Corp., Oracle Corp., PepsiCo, Inc., QUALCOMM AGCO Corp., Adobe Inc., Alphabet Inc., American Express Co., Amphenol Corp.,
Inc., Robinhood Markets Inc., Salesforce Inc., Stryker Corp., Tesla Inc., Visa Inc. Applied Materials Inc., Arista Networks Inc., Autodesk Inc., Broadcom Inc., Cboe
Derivative positions: TraderFox High-Quality Alpha Selection Index/Call/GOLDS, Global Markets Inc., Curtiss-Wright Corp., Deere & Co., Dell Technologies Inc.,
HVB Open End Index Zertifikat bezogen auf den TraderFox High-Quality-Stocks The Walt Disney Co., Dropbox Inc., Electronic Arts Inc., ExlService Holdings Inc.,
Europe, QIX Deutschland Index (EUR)/Call/UBS, L3 Harris Technologies Inc. Meta Platforms Inc., Factset Research Systems Inc., General Dynamics Corp.,
Hilton Inc., ICICI Bank Ltd. (ADRs), Infosys Ltd. (ADRs), Interactive Brokers Group
Andreas Zehetner Inc., International Flavors & Fragrances Inc., Jabil Inc., L3 Harris Technologies
Stock positions: Einhell Germany AG, Evolus Inc., Impinj Inc. Inc., Leidos Holdings Inc., Lockheed Martin Corp., Marriott International Inc.,
Derivative positions: Electronic Arts Inc., Resmed Inc. McDonald‘s Corp, Northrop Grumman Corp., NVIDIA Corp., Primoris Services
Corp., QUALCOMM Inc., RadNet Inc., RTX Corp., Reliance Industries GDR,
Peter Elsner Robinhood Markets Inc., Rocket Lab USA Inc., Salesforce Inc., Signature Bank,
Stock positions: GFT Technologies SE, Sixt SE, Salmar ASA, Grieg Seafood ASA, Stryker Corp., Taiwan Semiconductor Manufacturing Co. Ltd. (ADRs), Tesla Inc.,
IQVIA Holdings Inc., Visa Inc. UFP Technologies Inc., Universal Health Services Inc., Vistra Energy Corp.
Derivative positions: Deutsche Bank AG (Short), Vossloh AG, MTU Aero Engines
Marvin Herzberger AG, adidas AG, Hugo Boss AG, CompuGroup Medical SE & Co.KGaA, Jenoptik AG,
Stock positions: Exasol AG, Rezolve AI Ltd. Bayer AG, TraderFox High-Quality Alpha Selection Index/Call/GOLDS, nan,
Derivative positions: Kontron AG, Amadeus Fire AG, Energiekontor AG, Heineken N.V., Airbus SE, Apple Inc. (Short), Meta Platforms Inc., Servicenow Inc.
HelloFresh SE, adidas AG, AUTO1 Group SE, Forvia SE, Valneva SE, Intel Corp.,
Robinhood Markets Inc., Tesla Inc. Stephan Bank
Stock positions: MBB SE, 2G energy AG, Zeal Network SE, Thales S.A., ODDITY
Leonid Kulikov Tech Ltd, Advanced Micro Devices Inc., Alphabet Inc., Oklo Inc., Broadcom Inc.,
Stock positions: Schlumberger Ltd. (SLB), Norwegian Cruise Line Holdings Ltd., ExlService Holdings Inc., Meta Platforms Inc., Intel Corp., Jabil Inc., Kratos
Ubisoft Entertainment S.A., LVMH Moet Hennessy Louis Vuitton SE, Rezolve AI Defense & Security Solutions Inc., L3 Harris Technologies Inc., Lockheed Martin
Ltd., Perion Network Ltd., Nel ASA, Advanced Micro Devices Inc., Alphabet Inc., Corp., Northrop Grumman Corp., RTX Corp., Red Cat Holdings Inc., Rocket Lab
Bluebird Bio Inc., D.R.Horton Inc., The Walt Disney Co., Discovery Inc., Esperion USA Inc., Tesla Inc.
Therapeutics Inc., Five9 Inc., G1 Therapeutics Inc., Intel Corp., JD.com Inc. Derivative positions: Robinhood Markets Inc.
(ADRs), KRISPY KREME DL-,01, Mobileye Global, Nio Inc. (ADRs), Peloton
Interactive Inc., Rocket Lab USA Inc., Sangamo Biosciences, Sberbank of Russia Michael Kissig
PJSC (ADRs), Sirius XM Holdings Inc., Taiwan Semiconductor Manufacturing Co. Stock positions: Energiekontor AG, Hypoport SE, Funkwerk AG, MBB SE, STEICO
Ltd. (ADRs), Tilray Brands Inc., Twilio Inc., U.S. Bancorp, UiPath Inc. (A), Velodyne SE, Mutares SE & Co. KGaA
Lidar Inc., Workhorse Group Inc., XPeng Inc. (ADRs)
Philip Bußmann
Andreas Haslinger Stock positions: Hims & Hers Health Inc., Robinhood Markets Inc., XPeng Inc.
Stock positions: Fairfax Financial Holdings Ltd., Novartis AG, Jungfraubahn (ADRs)
Holding AG, Partners Group Holding AG, Salzgitter AG, KSB SE & Co. KGaA, Derivative positions: LUS Wikifolio-Index Investment 4.0/Call/LuS, LUS
Merck KGaA, Allianz SE, Münchener Rückversicherungs-Gesellschaft AG in Wikifolio-Index Tradeconometrics/Call/LuS
München, adesso SE, Novo-Nordisk AS, Hermes International S.A., L OREAL INH.
EO 0,2, LVMH Moet Hennessy Louis Vuitton SE, Accenture PLC, Medtronic PLC, Luca Bißmaier
Capcom Co. Ltd., Joby Aviation, ASML Holding N.V., Tomra Systems ASA, Abbvie Stock positions: Agnico Eagle Mines Ltd., Münchener Rückversicherungs-Gesell-
Inc., Adobe Inc., Agree Realty Corp., Alexandria Real Estate Equities Inc., schaft AG in München, Novo-Nordisk AS, Apple Inc., Costco Wholesale Corp.,
Alphabet Inc., Amgen Inc., Amphenol Corp., Autodesk Inc., BlackRock Inc., Cboe Exxon Mobil Corp., Infosys Ltd. (ADRs), Microsoft Corp., Philip Morris
Global Markets Inc., CME GROUP INC., CACI International Inc., Carlisle Cos. Inc., International Inc.
The Coca-Cola Co., Coca-Cola FEMSA S.A.B. de C.V. (ADRs), Deere & Co., Essential
Properties Realty Trust Inc., Exxon Mobil Corp., Meta Platforms Inc., General David Engelhardt
Dynamics Corp., Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (OMAB) Stock positions: Hiscox Ltd., Novartis AG, ROCHE HLDG AG GEN., Sandoz Group,
(ADRs), The Hershey Co., L3 Harris Technologies Inc., LandBridge Co LLC, Leidos Deutsche Post AG, Henkel AG & Co. KGaA, Münchener Rückversicherungs-Ge-
Holdings Inc., McDonald‘s Corp, Merck & Co. Inc., Microsoft Corp., Mid-America sellschaft AG in München, LVMH Moet Hennessy Louis Vuitton SE, Rio Tinto PLC,
Apartment Communitie Inc., National Retail Properties Inc., Norfolk Southern Unilever PLC, Nu Holdings Ltd., Wolters Kluwer N.V., ASML Holding N.V., Investor
Corp., Northrop Grumman Corp., PepsiCo, Inc., Prologis Inc., Starbucks Corp., AB (B), AFLAC Inc., Abbvie Inc., Amgen Inc., BlackRock Inc., Hims & Hers Health
Tesla Inc., Texas Pacific Land Corp., Toro Co., UFP Technologies Inc., UFP Inc., The Home Depot Inc., JPMorgan Chase & Co., McDonald‘s Corp, Microsoft
Industries Inc., Unilever PLC (ADRs), UnitedHealth Group Inc., Vici Properties Corp., Novo-Nordisk AS (ADRs), PayPal Holdings Inc., The Procter & Gamble Co.,
Page 26 THE TRADER TIMES MAY 15, 2025

IMPRESSUM

RTX Corp., Robinhood Markets Inc., SoFi Technologies Inc., Stryker Corp., The Phillips 66, PDD Holdings Inc. (ADRs), The Procter & Gamble Co., RCI Hospitality
Trade Desk Inc., Vici Properties Inc., Visa Inc. Holdings Inc., Realty Income Corp., Roche Holding AG (Sp. ADRs), S&P Global Inc.,
Derivative positions: BWX Technologies Inc. Salesforce Inc., Samsung Electronics Co. Ltd. (GDRs), Sberbank of Russia PJSC
(ADRs), Sea Ltd.(ADRs), Servicenow Inc., Snowflake Inc., Spirit Realty Capital Inc.,
Martin König: - Block Inc., Starbucks Corp., Endeavor Operating Co LLC, Take-Two Interactive
Software Inc., Target Corp., Tesla Inc., Texas Instruments Inc., 3M Co., Tractor
Daniel Dünn Supply Co., UNION PACIFIC CORP., United Parcel Service Inc., UnitedHealth Group
Stock positions: Lyxor MSCI World UCITS ETF - Dist, iShares Global Clean Energy Inc., Paramount Global, Vici Properties Inc., Visa Inc., W.P. Carey Inc., Walmart Inc.,
UCITS ETF, iShares S&P 500 Information Technology Sector UCITS ETF, iShares Warner Bros. Discovery Inc., Waste Management Inc., Wells Fargo & Co.,
MSCI Europe SRI UCITS ETF, iShares MSCI Wrld Health Care Sector UCITS ETF Weyerhaeuser Co., Yum! Brands Inc.
USD Dist, Xtrackers MSCI World Momentum UCITS ETF, Xtrackers MSCI World
Information Technology UCITS ETF, VanEck Vectors Video Gaming and eSports Maksymilian Kulig:-
UCITS ETF, iShares MSCI India UCITS ETF, UBS ETF ? MSCI Japan UCITS ETF, UBS
ETF ? MSCI World Socially Responsible UCITS ETF, AMUNDI ETF NASDAQ - 100 Andreas Wimbauer
UCITS ETF - DAILY HEDGED EUR, Alphabet Inc., Cummins Inc., Exelixis Inc., Hannon Stock positions: Alphabet Inc., Amazon.com Inc., Automatic Data Processing Inc.,
Armstrong Sustainable Infrastructure Capital Inc., The Home Depot Inc., JPMorgan BlackRock Inc., Booking Holdings Inc., Caterpillar Inc., Cintas Corp., The Coca-Cola
Chase & Co., Merck & Co. Inc., RTX Corp. Co., Fortinet Inc., The Home Depot Inc., Johnson & Johnson, MSCI Inc., McDonald‘s
Corp, Microsoft Corp., PepsiCo, Inc., QUALCOMM Inc., Salesforce Inc., Starbucks
Dominik Teichgraeber Corp., Uber Technologies Inc., Visa Inc.
Stock positions: OMV AG, BHP Group Ltd., Anheuser-Busch InBev N.V./S.A., China
Water Affairs Group Ltd., Barrick Gold Corp., Shopify Inc., BYD Co. Ltd., China Thorsten Reich
Construction Bank Corp., Ping An Insurance Group Co. of China Ltd., Bechtle AG, Stock positions: Palfinger AG, Deutsche Bank AG, Init Innovation in traffic Systems
Bayerische Motoren Werke AG, Deutsche Post AG, Deutsche Telekom AG, SE, Mensch und Maschine Software SE, Rheinmetall AG, Uzin Utz SE, TAG Im-
Fresenius SE & Co. KGaA, Heidelberg Materials AG, Covestro AG, Hochtief AG, mobilien AG, M1 Kliniken AG, Vonovia SE, SBF AG, fashionette AG, IONOS Group SE,
Infineon Technologies AG, VA-Q-Tec AG, Puma SE, RWE AG, Mercedes-Benz Group Fluidra S.A., Apple Inc.
AG, SAP SE, Sixt SE, Siemens AG, Villeroy & Boch AG, Volkswagen AG Vz., Derivative positions: Hugo Boss AG, JD.com Inc. (ADRs), PDD Holdings Inc. (ADRs)
Hannover Rück SE, Allianz SE, Münchener Rückversicherungs-Gesellschaft AG in
München, Freenet AG, adidas AG, Telefonica Deutschland Holding AG, Vonovia SE, Moritz Blattmann
Vantage Towers AG, BASF SE, Bayer AG, Daimler Truck Holding AG, DWS Group Stock positions: Aurora Cannabis Inc., BAE SYSTEMS PLC, Elbit Systems Ltd.,
GmbH & Co. KGaA, E.ON SE, Siemens Energy AG, Dr. Ing. h.c. F. Porsche AG, American Express Co., Cboe Global Markets Inc., Coinbase Global Inc., D-Wave
Porsche Automobil Holding SE, Siemens Healthineers AG, Novo-Nordisk AS, Quantum Inc., ExlService Holdings Inc., L3 Harris Technologies Inc., Lockheed
Repsol S.A., Carrefour S.A., TotalEnergies SE, L OREAL INH. EO 0,2, AXA S.A., Martin Corp., Northrop Grumman Corp., RTX Corp., Rocket Lab USA Inc., Salesfor-
Danone S.A., Pernod-Ricard S.A., LVMH Moet Hennessy Louis Vuitton SE, BNP ce Inc., Stryker Corp., UFP Technologies Inc., XPeng Inc. (ADRs)
Paribas S.A., Diageo PLC, British American Tobacco PLC, Imperial Brands PLC, Rio Derivative positions: Alibaba Group Holding Ltd. (ADRs)/KO/Call [endlos]/MS,
Tinto PLC, BP PLC, AstraZeneca PLC, Unilever PLC, Anglo American PLC, 3i Group XPeng Inc. (ADRs)/KO/Call [endlos]/MS
PLC, Shell PLC, China Mobile Ltd., Fiverr International Ltd., CVC Capital Partners
PLC, Sega Sammy Holdings Inc., Sony Group Corp., Nintendo Co. Ltd., Nu Holdings Layout & Typesetting
Ltd., Tencent Holdings Ltd, Xiaomi Corp., Aroundtown S.A., Spotify Technology S.A., Jessica Igel (CD), Maksymilian Kulig
ASML Holding N.V., CureVac N.V., Mowi ASA, Tomra Systems ASA, Readly
International AB, DBS Group Holdings Ltd., AFLAC Inc., AT & T Inc., Activision Image material
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