Trading Idea - #DaimlerTruckMy trading idea for Daimler Truck Holding - LONG / BUY
Entry: 23.70 EUR
Target: 32.10 EUR (+35%)
Stop: 20.00 EUR
Daimler Truck Holding AG is one of the world's largest commercial vehicle manufacturers, with over 40 production facilities worldwide. The company manufactures trucks, buses and commercial vehicles, which are partly sold under other brands.
Daimler Truck expects earnings to increase for the financial year 2022. Management sees no signs of a slowdown in the business. By comparison, other companies in this industry are less optimistic. For investors, this is a strong buy signal.
Daimler Truck is the market leader in the U.S. and has ambitious goals to secure this position in the self-driving commercial vehicle business as well.
Like the entire industry, Daimler Truck is also affected by the semiconductor shortage. Some plants are going on short-time working.
Optimistic investors see a support level at the EUR 23.00 mark with a beginning price recovery.
