The DAX Index remained in a tight range this week, even as some of its top constituent companies like SAP, Porsche, and MTU Aero Engines published their financial results. It was trading at €24,207, down from the year-to-date high of €24,700.
Top DAX Index shares to watch next week
Some key German companies will be in the spotlight next week as they publish their financial results. Some of the top ones to watch will be Deutsche Bank, Deutsche Boerse, Mercedes-Benz, BASF, Adidas, Volkswagen, Linde, and Lufthansa.
Deutsche Bank (DBK)
Deutsche Bank share price has pulled back in the past few days, moving from the year-to-date high of €32.17 to the current €28.77. It remains about 87% above the lowest point this year.
The upcoming earnings will likely lead to a rebound now that it has formed an island reversal pattern on the daily chart.
Its main catalyst is that other top global banks have reported strong trading and investment banking revenue. This is notable since the company is a major player in these industries.
The most recent results showed that its corporate bank profit before tax rose by 13% to €1.4 billion, while the investment bank, private bank, and asset management rose by 18%, 50%, and 52%, respectively.
The company will likely announce a new share buyback program. It announced the completion of its €200 million share buyback program this week.
Automakers: VW and Mercedes Bank
German automakers have come under pressure in the past few months, and their upcoming results will provide more details on their performance.
The main concern among companies like Volkswagen and Mercedes-Benz is Donald Trump’s tariffs, which have affected one of their biggest market.
At the same time, the companies are now contending with the influx of Chinese brands like BYD and Xpeng in their local market.
Most importantly, companies like VW and Mercedes-Benz have largely lost the Chinese market, which used to be their top markets.
Volkswagen’s stock price has declined by 14.5% from its year-to-date high, while Mercedes-Benz has remained within a tight range over the past few months.
The upcoming results will provide more information on the impact of tariffs, competition, and supply chain challenges.
Adidas (ADS)
Adidas is another top DAX Index stock to watch next week as it releases its results. These numbers come as the stock attempts to make a comeback, as it jumped from a low of €160.80 in August to the current €190. This price is about 27% below its highes point this year.
Adidas and other top companies in the industry, like Nike and Lululemon, are facing substantial challenges. Demand in China has softened a bit, while many customers there are opting for local brands.
The companies are also contending with Donald Trump’s tariffs, which have affected their margins. Still, Adidas reported strong preliminary results this week. Its revenue for the Adidas brand ose by 12%.
Adidas reported an improved gross margin, with its operating margin rising to 11.1%. Most importantly, it increased its full-year guidance. The CEO said:
“Given the positive development in Q3, we narrow our top-line guidance and raise our full-year EBIT outlook from between € 1.7 billion and € 1.8 billion to around € 2.0 billion. 2025 is a success for us already.”
Read more: Is the crashing Adidas share price a buying opportunity?
BASF (BAS)
BASF, the biggest chemical company in the world, is another top DAX Index stock to watch. Its shares have plunged by about 16% from its highest point this year.
BASF’s business has been under pressure this year as key industries slowed. Its half-year EBITDA dropped to €4.3 billion, while its adjusted EBITDA margin eased to 14.6%. Also, the company’s net income plunged by €910 million to €887 million. Therefore, the upcoming results will provide more information on its turnaround efforts.
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