Economy on 12.09.2023...
Disney settles dispute, cannabis stocks soar, Oracle numbers and news on Apple IPhone!⤵️
The Canadian cannabis company's stock is skyrocketing these days. Yesterday, pre-market buyers put one more on top. $WEED
Canopy Growth was up nearly 85%. Hopes for an easing of U.S. drug policy regarding cannabis have been driving the rally in cannabis stocks since late August. I personally wouldn't say that a new hype is reignited here, also the risk is way too high. If the policy again ( as in 2019 ) does not play along, then it also goes again very quickly in the other direction.
Are you or were you invested there?
Charter and $DIS (+2.17%)
Walt Disney have settled their dispute, according to a Wall Street Journal report, ending the blackout of ESPN and ABC for nearly 15 million customers. The dispute was primarily over prices, as Disney was demanding an increase for their services. According to Disney, these prices are determined by the market. The reputation of cable TV is ey no longer the best and the rising cost of programming, are the reason for the high cable TV prices. I don't know what the agreement looks like now.
Disney in your portfolio?
$ORCL (+2.96%)
Oracle's first quarter earnings per share of $1.19 beat analyst estimates of $1.15. Revenue of $12.5 billion beat expectations of $12.44 billion. The stock has been doing well lately and will probably start pre-market with some profit taking.
From $AAPL (+0.88%) Apple is expected to unveil its next iPhone models on Tuesday (starting at 7 p.m.). The group invites to a new product presentation at its headquarters in Cupertino in the U.S. state of California. September events also traditionally feature the unveiling of the next generation of the Apple Watch computer watch. Apple itself usually keeps mum about what to expect until the very end.The most noticeable change for iPhone users is likely to be the new charging port of the USB-C standard instead of Apple's in-house Lightning connectors. The change comes as a result of the EU requirement for a single charging connector for different types of devices. According to calculations by analysis firm IDC, a good six percent fewer iPhones were sold in the second quarter than a year earlier. However, sales fell by only about 2.4 percent - indicating that Apple is succeeding in selling more expensive models.According to information from the financial service Bloomberg, Apple plans to continue this trend this year. The more expensive iPhone 15 Pro model should stand out even more from the standard version and thus become more attractive. Among other things, Apple wants to score with faster chips and thinner edges around the screen. The zoom function of the camera should also be significantly improved in the large Pro Max model.
I myself use an Apple IPhone 13 mini. Since I personally do not like the larger models and rather stand on a cell phone, which I can also reasonably put in the pocket. But Apple it must already be, since I also have all other hardware, from there and am caught in the cosmos :D
Apple or Samsung?
Economic data
08:00
- DE: Wholesale prices August | Foreign trade (detailed results) July
- UK: Labor Market Data August
11:00
- DE: ZEW-Index Economic Sentiment September PROGNOSIS: -15.0 points previous: -12.3 points Economic Situation PROGNOSIS: -75.5 points previous: -71.3 points
22:30
- US: Crude oil inventory data (week) from private American Petroleum Institute (API)
Without time
- AT: Opec monthly oil market report
Quarterly figures / Corporate dates USA / Asia
18:00 Nike AGM
19:00 Apple: expected presentation of new products
Quarterly figures / Company dates Europe
08:00 AB FoodsTrading Update 4Q
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