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Jenoptik before MDAX expulsion: IONOS as a possible successor!
Jenoptik may be facing expulsion from the MDAX. June 4th Changes Could Trigger Sales; IONOS is being discussed as a successor.
Jenoptik before MDAX expulsion: IONOS as a possible successor!
Jenoptik shares are facing a crucial turning point as the possible loss of their MDAX position is imminent. On June 4th, the Deutsche Börse subsidiary Stoxx Ltd. review the DAX index family, which could have far-reaching consequences for the companies in the indices. The focus is particularly on the possible inclusion of IONOS shares in the MDAX, while Jenoptik could in return be removed from the index. JPMorgan analyst Pankaj Gupta predicts a clear change that will take effect on June 23 and could have a significant impact on the market. This could trigger selling pressure and short-term turbulence.
The Jenoptik share is currently trading at 19.39 euros and is down slightly by 0.56%. While the stock is up 4% over the week, it is still 34% below the 52-week high of EUR 29.38. The Relative Strength Index (RSI), at 69.9, indicates that buying sentiment is overheated, further complicating the situation. Market observers emphasize how important it would be for Jenoptik to confirm its annual targets, even though the first quarter of the year was weaker than in the previous year.
Market conditions and forecasts
The difficult market conditions, especially in the semiconductor business, are putting a strain on the company. Despite the challenges, the forecast remains that sales can be maintained at the previous year's level. In addition, an EBITDA margin of between 18 and 21% is targeted, while investments have been significantly reduced. Nevertheless, the semiconductor industry could recover in the second half of the year, which brings hope that the company's situation will stabilize.
The upcoming decision on June 4th will not only affect Jenoptik's short-term performance, but also its long-term prospects. Confirmation of the annual targets is crucial and could be decisive for the future performance of the stock.
The last trading day in May serves as the cut-off date for the look-back and calculation period and is highly relevant for funds that physically replicate indices, such as ETFs. The changes in the DAX index family could therefore have far-reaching consequences for many investors.