Bits & Pieces
Edition #294 | 28/08/2026
Most traded | Markets & Macro | Keurig Dr Pepper | Chart of the Week | China ETFs | Scalable News | Retirement in Focus
Once again, NVIDIA’s numbers are setting the tone for the week. The chip empire built by Jensen Huang continues to thrive – partly because the company provides its own financial fertilizer. Soda or coffee? At Keurig Dr Pepper, both are growing strongly. We also take a look at the portfolio of the late German billionaire Klaus-Michael Kühne and set our sights on China’s highly sought-after mainland stocks.
Note: The data refers to the ratio of purchases and sales of the 100 most traded stocks in the Scalable broker between 21/08/2026 and 27/08/2026.
In the spotlight: Xpeng
Following disappointing Q2 results, the downturn for Chinese EV maker Xpeng continues. However, the stock responded to news that its robotics division raised over $900 million in an initial funding round, achieving a valuation of more than $6.3 billion.
Billion-dollar show without sparks
When it comes to investor sentiment around AI, there is one clear barometer: NVIDIA. The chip giant more than doubled its Q2 revenue year-over-year to $ 96.2 billion and forecasts a 70 % increase in sales for the next fiscal year. The stock made an impressive jump upward. Nevertheless, skepticism remains regarding NVIDIA’s investments in the companies buying its own chips – though those buyers are hardly standing still either. Amazon, Google, and OpenAI are also pouring billions into their own chip development. The chip race is unlikely to cool off anytime soon.
Tempers remain high at the White House as well. US Treasury Secretary Scott Bessent’s attempt to push down interest costs through increased buybacks of long-term Treasuries has so far failed to yield results – 30-year Treasury yields remain comfortably above 5 %. His former mentor, billionaire investor Stanley Druckenmiller, pulled no punches: “Governments defending prices against fundamentals always lose.” The tariff sabre-rattling between the US and Canada isn't helping matters either, while the conflict with Iran remains at a standstill. All eyes on Wall Street are therefore glued to this weekend's international central bank symposium in Jackson Hole.
For a change, there is actually good news out of Germany: second-quarter GDP rose by 0.3 %, slightly beating expectations. The August Ifo Business Climate Index also delivered a pleasant surprise.
Caffeine boost for your portfolio
More popular than Pepsi and Diet Coke: Dr Pepper. The flagship brand of the beverage giant recently climbed to number two in the US soft drink market, right behind Coca-Cola. But that wasn't enough for Keurig Dr Pepper (KDP). Thanks to its $ 18 billion acquisition of JDE Peet’s, coffee is now its core business.
- Planned spin-off: By the end of the year, the coffee division is set to become independent again and be spun off via a stock market listing – potentially creating the world’s largest pure-play coffee company. Prominent investors like KKR back the move and have opened their wallets to help pay down the heavy debt load from the acquisition.
- Tasty outlook: Following the separation, both the coffee and beverage units will be able to operate with greater focus. This should not only boost margins and brand growth, but also translate into a higher market valuation – and rising dividend payouts. The dividend yield currently sits at 2.8 %.
High energy and commodity costs, budget-conscious consumers, and the rapid rise of weight-loss drugs are currently weighing on many food and beverage stocks. KDP’s share price, however, has rebounded sharply from its lows. If the split goes smoothly, the positive momentum looks set to continue.
Legacy of a transport tycoon
Listed holdings of Kühne Holding (as of 27/08/2026)
Source: Kühne Holding
Logistics king, HSV patron, Germany’s wealthiest man. Klaus-Michael Kühne wore many hats. Passing away on August 24 at the age of 89, he leaves behind a net worth of over € 40 billion and a shipping and transport empire largely built on publicly traded companies.
At the heart of Kühne Holding is a majority stake in logistics giant Kühne + Nagel, which "KMK" took over from his father and transformed into a global powerhouse with a market cap of around € 27 billion. In 2008, Hamburg-based shipping line Hapag-Lloyd was added to the mix. That stake alone yielded € 3.3 billion in dividends in 2023 – more than Kühne ever invested in it total. The billionaire put those returns straight back into logistics: in 2022, he became the largest individual shareholder in Lufthansa, alongside a 20 % stake in chemical distributor Brenntag.
More recently, Kühne ventured into unfamiliar territory. Last year, prosthetics manufacturer Ottobock joined the portfolio. Also in the mix: Flix, the rival to Deutsche Bahn and a hot IPO candidate.
Home-field advantage China
China’s goal is clear: secure dominance in key future technologies. Beijing is unlocking billions to fuel growth in AI, semiconductors, robotics, e-mobility, and related sectors. The surge in stock market listings is no coincidence.
However, these IPOs take place on mainland exchanges in Shanghai and Shenzhen, where access is restricted to domestic investors and qualified foreign entities like ETF issuers. It is precisely these mainland listings – known as A-shares or onshore stocks — that are currently outperforming their offshore counterparts, driven by local liquidity and retail investors. The Xtrackers CSI 300 Swap ETF lets you gain exposure to the 300 largest A-share companies. Thanks to its swap structure, the ETF has historically even managed to outperform its benchmark index.
For broad-based exposure to everything China has to offer, there is the iShares MSCI China UCITS ETF. Due to trading restrictions, mainland stocks are weighted at only 20 % of their market value within the fund. Investors looking for pure-play exposure to China’s tech sector can turn to the Amundi MSCI China Tech ETF, which covers both onshore and offshore stocks while incorporating an ESG filter.
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Editorial deadline: Friday, 7 a.m.
Sources: Scalable and dpa-AFX