Hottest Stocks in CW 26/23

Bitcoin shot up over the past week and a half, hitting a new high for the year of $ 31,458 last Friday. This naturally gave crypto stocks a boost. Hive Digital in particular was in the wikifolio traders' sights. The company focuses on mining and selling digital currencies and saw its share price increase by a whopping 26 % last week. A look at the wikifolio trading sentiment shows a clear tendency towards buying Hive:

Trading-sentiment

A quick glance at the performance indicators of specialty chemicals group Lanxess and it's clear that something is not going according to plan. Their share price is down 16.5% week on week. How this came about is explained by wikifolio trader Christian Scheid (Scheid): "The current quarter is not going as well as expected. The Board has therefore lowered its profit target for the entire year. This caused a knock-on reaction, with their stock plunging to its lowest level since the Corona crash in March 2020." Scheid does not currently hold any Lanxess stock in his Special Situations wikifolio. However, many other wikifolio traders took the share price losses as an opportunity to add to their position.

The share price of the mail-order food company Hellofresh rose by almost 20 % at its peak last week. After the redemption of profits, the bottom line achieved a week on week increase of 9.8 %. There are two explanations for the price jump. Firstly, takeover rumours are circulating around the British online food retailer Ocado. It appears that the market is speculating that a buyer could be found for Hellofresh. The second possible performance driver is the first "neutral" rating of the Hellofresh stock by the U.S. investment bank Goldman Sachs, with a share price target of € 22.90.

Against a weak backdrop in this sector, last week Enphase Energy lost the ground it had made up in May. The previous crash from late April occurred after quarterly figures and future forecasts disappointed the market. After it initially looked like the stock would slowly fight its way back, last week's losses are a bitter blow.

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