Deutsche Telekom Faces Pressure from SpaceX and Starlink; BMW Grapples with China; Almonty Industries Shines with Tungsten!

Telekom vs. Starlink: The US Market in Turmoil

Deutsche Telekom stock has not only entered a crisis in recent days—it is currently in the midst of one. The stock recently slipped to a new annual low, and the Relative Strength Index (RSI), hovering around 27, signals that the stock is oversold. The main reason for this downturn is generally believed to lie in the US, where the lucrative subsidiary T-Mobile US generates the majority of the group's profits. It is precisely there that SpaceX is building a hybrid mobile network consisting of satellites and ground stations under the Starlink brand, which is shaking up the market considerably. In addition, the planned spin-off of the US conglomerate Comcast into separate media and network businesses is causing noticeable unrest and selling pressure across the entire telecommunications sector. The concern is that Starlink could erode T-Mobile US's business. However, it is still too early to tell, and things are often not as bad as they seem.

Strategy to Counter the Downward Trend

In any case, management in Bonn is taking decisive action to counter the crisis. Telekom has just launched the third tranche of a massive share buyback program. By September 2026, the company plans to repurchase its own shares for a maximum of EUR 560 million on the stock exchange. This initiative is part of an even larger plan that allocates a total of EUR 2 billion for buybacks by the end of 2026. This sends a clear signal of strength, which is supported by direct insider purchases by members of the Executive Board. Despite the concerns, analysts remain optimistic and continue to see significant upside potential for the T-share.

Most price targets are therefore well above EUR 30. Currently, Telekom would need to reclaim the EUR 26 mark; if it did, the overall picture would look significantly more positive again. If, on the other hand, the stock falls below EUR 24, there is a risk of another technical slide toward EUR 20.

BMW in a Pinch: Profit Warnings and Index Exclusion

The situation at Munich-based premium automaker BMW is similarly turbulent, albeit for entirely different reasons. Here, the fundamental headwinds are weighing heavily. The company was delisted from the S&P Europe 350 and the FTSE All-World Index, effective July 1, 2026, significantly reducing its visibility among institutional investors. This was preceded by a drastic profit warning in June, in which expectations for the operating margin in the automotive business were slashed from 4 to 6% to just 1 to 3%. A rapid cooling of demand in China, along with rising energy costs, is now forcing the company to implement a tough cost-cutting program that could result in the loss of up to 7,700 jobs worldwide.

Hope from US Investment

As a result, BMW's share price has fallen sharply, down nearly 40% since the beginning of the year. Nevertheless, there are rays of hope. Similar to Telekom, BMW is also propping up its share price through share buybacks and is implementing a third tranche worth millions. In addition, the automaker invested USD 1.7 billion in its Spartanburg, US, plant to manufacture the new X5 there with extreme flexibility—in five different powertrain variants—on a single assembly line. Analysts view this high level of flexibility and the use of humanoid robots in US manufacturing as positive in the long term. Here, too, a rebound in BMW's stock could be on the horizon. The stock appears oversold, and too much pessimism is currently priced in—which should translate into rising prices once sentiment turns around.

Almonty Industries: The Quiet Winner in the Raw Materials Sector

While German heavyweights are grappling with a number of obstacles, some of which are self-inflicted, and economic headwinds, a somewhat different, highly dynamic success story is unfolding—or rather, continuing—across the pond. The spotlight is on Almonty Industries, a leading global producer of strategically important tungsten. The company delivers an impressive stream of news almost week after week, underscoring the consistent implementation of its corporate strategy.

Operational Milestones: From Mine to Revenue

On June 16, 2026, Almonty announced an update on its large-scale drilling program at the Sangdong molybdenum project in South Korea. Approximately 37% of the planned 12,000 m program has already been completed, with the results to date impressively confirming the high historical grades. Almonty is purposefully accelerating this work, as South Korea is currently facing an acute molybdenum supply crisis and the government is urgently asking private companies to secure reserves.

A few days later, on June 29, the company's next round of news followed. Almonty was officially added to the prestigious Russell 1000 and the broad-based Russell 3000 Index. This inclusion was based purely on strict market capitalization criteria and opens the door for the stock to a large universe of index-linked funds, which should ensure higher trading liquidity over the long term.

The latest highlight in the company's positive news came the day before yesterday, on July 1, 2026. Almonty announced the official start of processing operations at the newly commissioned Sangdong Mine facility. The company is now "feeding the plant" with a massive stockpile of nearly 140,000 metric tonnes of ore to produce marketable tungsten concentrate. This marks the decisive and historic transition from mine development to active, revenue-generating operations. Given the geopolitical tensions and upcoming US restrictions on Chinese tungsten starting in 2027, this new, conflict-free source of production is likely to be immensely important not only for the US but also for the entire West.

Technical Outlook: Ready for the Next Leap?

Almonty Industries' stock is currently in a healthy consolidation phase after reaching its high of just over USD 24. The stock is currently trading within a consolidation channel whose upper boundary is just under USD 18. If the share breaks above this level with momentum toward or at USD 18.50–19.00, the technical breakout from the consolidation phase should be definitively confirmed. This could be immediately followed by another upward surge, which, based on the chart pattern, has truly strong potential to reach as high as USD 30. That would represent significant upside and, with a correspondingly tight stop-loss order, would yield an attractive risk-reward ratio. At the same time, the stock currently has fairly strong downside support. At just under USD 16, we see a strong foundation, and even below that level, the stock is "cushioned" multiple times by horizontal support lines and the lower boundary of the consolidation channel.

In summary, investors must currently be highly selective. Deutsche Telekom must prove that it can defend its dominant position in the US against new competitors backed by space-based technology. However, the company is mitigating this uncertainty through aggressive share buybacks.

BMW faces the monumental task of offsetting losses in the crucial Chinese market through maximum manufacturing flexibility and strict cost management.

Almonty Industries is currently operating, and will likely continue to do so, from a position of strength. The company is skillfully riding the wave of strategic raw material securing, delivering operational milestones such as the start of production right on schedule, and increasingly drawing the attention of major investors. Investors looking for an exciting investment will currently find an extremely attractive risk-reward ratio with this producer—following its breakout.