getquin Daily Summary 25.08.2022
Hello getquin,
you almost made it to the weekend, hang in there! Just in time for closing time, here's your Market News again. Gas prices continue to rise, Amazon lets deals fall through and Apple does what Apple does. Read more here:
Europe🌍:
1. gas price rises to more than 300€
Gas prices in Europe are rising due to shortages caused by the conflict in Ukraine. After remaining reasonably constant for two days, the TTF futures contract on the Amsterdam Energy Exchange, the benchmark for European gas trading, exceeded €300 per megawatt hour on Thursday.
Read more: https://bit.ly/3AW9a9H
America🌏:
2nd Amazon discontinues Amazon Care
The retail giant is taking a significant step back in its attempts to enter the healthcare industry by discontinuing its telehealth program, Amazon Care.
Amazon's head of Amazon Health Services, Neil Lindsay, said in a company email Wednesday that the program will be discontinued after Dec. 31. After deciding it wasn't "the ideal long-term solution for our enterprise customers," Lindsay said in the message, originally published by GeekWire, the e-commerce giant made the decision to make the change.
Read more: https://cnb.cx/3AH2TNN
🟩 $AMZN €136,88 (🔼 +1,69%)
3. Apple publishes date for probable iPhone 14 presentation
The new iPhones are expected to be unveiled during Apple's press event on September 7, the company recently announced.
Apple's website will live stream the debut event. Since the start of the Covid epidemic in 2020, Apple has held virtually prerecorded launch ceremonies. Additionally, Apple is inviting guests to its campus in Cupertino, California, to watch the event live.
Analysts will be closely watching Apple's new product pricing to determine if the company has raised prices in the face of unstable supply chains and rising inflation.
Read more: https://bit.ly/3QP2U95
🟩 $AAPL €169,55 (🔼 +0,69%)
Quarterly figures💰:
🚖 NVIDIA $NVDA
EPS: 🟥 $0.52 expected vs $0.51 published; difference: -1.49%.
Revenue: 🟩 $6.7B expected vs $6.7B published; variance: +0.05%
🚖 Salesforce $CRM
EPS: 🟩 $1.03 expected vs $1.19 published; difference: +15.75%
Revenue: 🟩 $7.7B expected vs $7.72B published; variance: +0.3%
Stocks of the day:
🟩 $SNOW €190,98 (🔼 +19,49%)
👍 The company released second quarter results that significantly exceeded analysts' revenue expectations ($497M vs. $467M)
🟥 $PTON €10,74 (🔽 -20,47%)
👎 Sporting goods specialist Peloton ended last quarter with a billion-dollar loss amid a large-scale reorganization ($1.24B shortfall)
🟩Most searched: Allianz $ALV €173,60 (🔼 +0,16%)
🟥 Most traded: Tesla $TSLA €292,73 (🔽 -1,47%)
🟩 S&P500, 4,162.83 (🔼 +0.54%)
🟩 DAX, 13,298.05 (🔼 +0.59%)
🟩 Bitcoin ₿, €21,697.37 (🔼 +1.22%)
Time: 17:30 CEST
Useless fact of the day:
JP Morgan's uncle, James Pierpont, composed the melody for "Jingle Bells" in 1857.
We hope you enjoyed the Market News Update. If you have any requests for additional formats or other things you'd like to see here, feel free to write it in the comments!
See you tomorrow,
Your getquin MNU Team
#marketnews #marketnewsupdate
