RENK, MiMedia Holdings, Coinbase – Explosive momentum

Coinbase – The stock of the hour

Back in April, when Donald Trump caused the stock markets to plummet, the crypto market remained stable and showed relative strength compared to other asset classes. With the recovery of the global stock markets, Bitcoin also gained strongly and reestablished itself above the USD 100,000 mark. In the wake of the recovery, stocks in the segment benefited, led by the crypto exchange Coinbase. Since its low for the year on April 8, it has posted a whopping gain of over 86% to USD 266.46. This enabled Coinbase shares to break out of the downward trend that had been in place since December 2024. The breakout and support from indicators suggest that a new all-time high of USD 349.49 is on the cards.

The Company, led by CEO Brian Armstrong, announced a milestone last week. Coinbase Global will become part of the S&P 500. The crypto exchange operator will replace Discover Financial Services in the broad US market index on May 19. The index change is related to the planned acquisition of Discover by Capital One Financial. The transaction volume amounts to USD 35.3 billion. If the merger is completed as scheduled on May 18, it will create the sixth-largest bank in the US. As a result, Discover will be removed from the S&P 500.

Coinbase plans to acquire the Deribit platform. The Dubai-based company is the world's largest exchange for Bitcoin and Ether futures and options by trading volume. The acquisition price is expected to be USD 2.9 billion. Coinbase's market capitalization has increased to USD 67.87 billion in recent weeks.

MiMedia Holdings – Quantum leap through Walmart cooperation

MiMedia Holdings has seen an even stronger upturn than the crypto exchange Coinbase since the end of last year. With the announcement of a groundbreaking partnership with retail giant Walmart, MiMedia's share price exploded by nearly 225% within three months to a historic high of CAD 0.60. Since then, the shares of the provider of an AI-based cloud platform for consumers have consolidated at a high level of CAD 0.48. If the partnership entered into by MiMedia is reflected in the figures soon, the recent high and the valuation of CAD 40.73 million are likely to be a thing of the past.

The cloud platform developed for end users, which specializes in the secure storage, organization, and cross-platform availability of personal media such as photos, videos, music, and documents, has a decisive advantage over its in-house counterparts from Apple, Google, and Spotify in that it is independent and available across all devices and operating systems. By offering white-label cloud solutions, MiMedia has already been able to announce partnerships with some of the world's largest telecommunications companies and device manufacturers in the past.

However, the latest alliance with Walmart Latin America, which has committed itself through its subsidiary Bait, the third-largest provider of telecommunications services in Mexico, can be described as nothing less than a quantum leap. MiMedia will be pre-installed on millions of new smartphones sold by Bait in Mexico. In addition, the mobile app will also be distributed to the existing 18.3 million Android devices. Another component of the partnership is close cooperation with Walmart's digital ecosystem, which MiMedia will integrate into its app platform for all of Latin America.

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RENK – Enormous increase

Defense stocks, which were generally classified as "socially harmful" before the war in Ukraine, remain high in investors' favor and are climbing to new highs week after week. It is highly unlikely that this development will come to an end even if peace is achieved in neighboring Europe. This is because the turning point and the resulting rearmament of NATO countries, which the new German Foreign Minister Johann Wadephul brought to the table last week with a proposal to invest 5% of gross domestic product in defense, is likely to be only the beginning of the movement.

As a result, the order books of defense companies such as RENK are overflowing.

The figures for the first quarter illustrate this impressively. Revenue rose by 15% year-on-year to EUR 273 million. Adjusted EBIT grew by an above-average 38% to EUR 38 million. The adjusted EBIT margin also improved by 2.4% to 14.1%. The Company thus met analysts' expectations. Order intake recorded particularly strong growth. At EUR 549 million, it was 164% above the level of the same quarter last year.

The euphoric analysts at JPMorgan reacted accordingly and doubled their price target from EUR 35 to EUR 70. The investment rating was upgraded from "Neutral" to "Overweight."

According to analyst David Perry, the revenue outlook is excellent. The expert expects RENK to achieve average annual revenue growth of 18% by 2030. He sees additional upside potential for the stock in possible strategic acquisitions. He explains the doubling of his price target with, among other things, the significantly higher valuations of German defense companies such as Rheinmetall and Hensoldt.

The crypto exchange Coinbase has benefited significantly from its inclusion in the S&P 500. The defense company RENK shines with strong figures and full order books, and analysts doubled their price target. MiMedia has achieved a milestone with its cooperation with Walmart.