getquin Daily Summary 07/29/2022
Hello getquin,
a new plant for battery stations will start up in Hungary. Also in the mix, Apple and Procter & Gamble quarterly results!
Europe🌍:
1. Nio starts up battery station plant in Hungary*
E-car maker Nio is looking to expand its market share in Europe by starting production of battery swap stations outside China. To that end, Nio said Friday in Hungary that it will open a facility in September that will serve as a production, service and research and development center, as well as a site for these activities.
In addition to selling its China-made cars in Norway, Nio plans to enter the German, Dutch, Swedish and Danish markets this year. These countries will be supplied with battery changing stations from the plant near Budapest. Until now, the company has imported battery-changing stations from China.
Would you have chosen Hungary as the location? https://bit.ly/3Je1txQ
🟥 $NIO (-0.31%) (🔽 -0.21%)
America🌏:
2. US chip bill to distort global semiconductor supply chain, according to China
The US Congress will distort the global semiconductor supply chain and disrupt international trade, according to China. The U.S. House of Representatives passed sweeping legislation Thursday to subsidize the domestic semiconductor industry in competition with Chinese and other foreign manufacturers. China will continue to monitor the progress and implementation of the U.S. law and, if necessary, take action to protect its legitimate rights, the ministry said in a statement.
Read more here: https://reut.rs/3zHaP1X
Appel $AAPL (-0.17%)
EPS: 🟩 $1.16 expected vs $1.20 published; difference: 3.86%.
Revenue: 🟥 $82.97 billion expected vs $82.96 billion published; variance: -0.01%.
Procter & Gamble $PG (+0.04%)
Procter & Gamble reported mixed quarterly results on Friday as the consumer goods giant faced rising raw material costs and warned it expects "significant headwinds" to continue in fiscal 2023.
The Cincinnati-based maker of products such as Pampers, Pantene and Tide said higher prices in its fiscal fourth quarter offset a decline in sales volume primarily due to pandemic-related closures in China and reduced activity in Russia.
The company's shares fell about 4% in premarket trading.
EPS: 🟥 $1.23 expected vs $1.21 published; Difference: -1.43%
Revenue: 🟩 $19.41 billion expected vs $19.52 billion published; variance: 0.54%
Source: https://cnb.cx/3voKIuf
Stocks of the day:
🟩 TOP $AMZN (-0.05%) €135.04 (🔼 +13.35%)
🟥 FLOP $ROKU (-0.04%) , 61,49 € (🔽 -26,95%)
🟩Most searched $AMZN (-0.05%) 135,04 € (🔼 +13,35 %)
🟩 Most traded $AMZN (-0.05%) 135,04 € (🔼 +13,35 %)
🟩 S&P500, 4,110.46 (🔼 +0.93%)
🟩 DAX, 13,498.24 (🔼 +1.63%)
🟩 Bitcoin ₿, €23,748.31(🔼 +1.48%)
Time: 16:30 CEST
Fun Fact:
Did you know that when Nintendo was founded in 1889 they were a playing card company?
