Course towards Dax? A Lufthansa Boeing 747 at Frankfurt Airport
Image: dpa
After the index adjustment is before the index adjustment: With a view to possible investments, it is worth taking a look at the potential next movers and shakers after a change.
Although there will be no change in the composition of the Dax 40 during the regular semi-annual index adjustment in September, the upcoming changes in the Euro Stoxx 50 (from September 18, 2023; removal of Vonovia and – due to a special situation – from CRH, inclusion of Ferrari and Saint-Gobain) make it clear that, as a rule, there is a medium-term outperformance or underperformance compared to the index development in the upfront and withdrawal stocks.
Therefore, from a technical perspective and with a view to possible investments, it makes sense to analyze the situation of the next possible inclusion and withdrawal candidates for the subsequent index adjustment immediately after the index adjustment. In the DAX, the focus is on Fresenius Medical Care (FMC) (weak technical holding position) and Deutsche Lufthansa (counter-cyclical, technical buy).