FRANKFURT (dpa-AFX) - Bankhaus Metzler has adjusted its "German Top Ten" for the third quarter, which started on Monday. The stocks of Carl Zeiss Meditec, IVU Traffic, Kion Group, Knorr-Bremse and Porsche AG have been replaced by Adidas, Bilfinger, Heidelberg Materials, MLP and Siemens.

"All in all, the growth prospects for the third quarter are meagre," wrote financial analyst Uwe Hohmann. The tentative economic recovery since the end of the first quarter is already losing momentum again. The hope at the time that the economy had bottomed out has been negated by the negative trends of the latest leading indicators. They rather suggest that growth will continue to hover around the zero line, according to the expert.

Hohmann is focusing on companies that benefit from exports to the USA. He tends to weed out cyclical and cyclical companies and instead focuses on consumer-related stocks. Hohmann also favors shares in companies that are growing structurally even without economic support.

Deutsche Borse, Fraport, Krones, SAP and Siemens Healthineers remain among the "top ten"./ag/mis

Publication of the original study: 01/07/2024 / 08:29 / CEST

First dissemination of the original study: 01/07/2024 / 08:29 / CEST