Market (@MarketNewsUpdate) on getquin

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗦𝗼𝗹𝗮𝗿-𝗔𝘂𝘁𝗼 / 𝗔𝗺𝗮𝘇𝗼𝗻𝘀 𝗻𝗲𝘂𝗲𝗿 𝗞𝗼𝗻𝗸𝘂𝗿𝗿𝗲𝗻𝘁 / 𝗕𝗮𝘆𝗲𝗿𝘀 𝗕𝗹𝗶𝗰𝗸 𝗮𝘂𝗳 𝗚𝗲𝘄𝗶𝗻𝗻 / 𝗞𝗿𝘆𝗽𝘁𝗼𝗺𝗮𝗿𝗸𝘁 𝗶𝗺 𝗚𝗼𝗹𝗱𝗿𝗮𝘂𝘀𝗰𝗵

𝗜𝗣𝗢𝘀 🔔

Sono Motors - The company aims to accelerate the solar-powered automotive industry. Their Sion solar-electric car already has 16 thousand pre-orders. Production of the vehicles is expected to start in the first half of 2023. So far, the company has made a loss of $108.8 million, but this is expected to change as deliveries begin.

In going public, Sono Motors plans to issue 10 million shares at a price of $14 to $16.

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, among others, American Electric Power ($AEP (+1.63%)), American Water ($AWC (+1.03%)), Dover Motorsports ($DVD), Diamondback Energy ($7DB (+2.34%)), Greenbrier Companies ($G90 (+3.28%)), IBM ($IBM (+4.22%)), Matson ($68M (+1.05%)), Matador Resources ($7MR (+3.13%)), Olin Corporation ($OLN (+4.18%)), PPG Industries ($PPQ (+1.83%)), Rollins ($RLS (+0.98%)), Silicon Motion ($S9M (+3.07%)), Tempur Sealy International ($TPD (+1.97%)), WestRock ($1WR) and West Pharmaceutical Services ($WPS (+1.42%)) traded ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, among others, 1&1 ($DRI (+1.09%)), About You ($YOU (+1.8%)), Alcon ($2U3 (+0.96%)), Associated British Foods ($ASBFY), Bakkafrost ($6BF (+1.13%)), Bayer ($BAYN (-0.14%)), DeNA ($D2N (+4.29%)), Fraport ($FRA (-1.27%)), Gilat Satellite Networks ($GSA (+0%)), Kirin Holdings Company ($KNBWY), Manz AG ($M5Z (-2.03%)), Medios AG ($ILM1 (-3.58%)), Munich Re ($MUV2 (+1.94%)), Nissan ($NISA (+0.39%)), OVB Holding ($O4B (+0%)), Porsche ($PAH3 (-0.76%)), Schaeffler ($SHA), Schloss Wachenheim AG ($SWA (+0.67%)), Swiss Life ($SLW1 (+1.03%)), United Internet ($UTDI (-0.8%)) and Wienerberger ($WIB (+1.45%)) presented their figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

Ceconomy ($CEC (-0.77%)) - The Group plans to expand with its Mediamarkt and Saturn brands and open 35 large stores. Group CEO Wildberger is pursuing the goal of becoming the leading omnichannel platform, combining e-commerce and bricks-and-mortar retail. In doing so, he even wants to compete with Amazon ($AMZ (-1.7%)) to compete. During Corona, Ceconomy was already able to significantly improve logistics and thus shorten delivery times.

The stores are to become smaller and more "smart stores" with 600 to 800 square meters are to be built in the city centers, as 33% of total sales are already attributable to online retailing.

Bayer ($BAYN (-0.14%)) - tailwinds provided Bayer with high demand for seeds and crop protection products as well as over-the-counter medicines in the past quarter. Bayer shares recently rose 2.16 percent to 51.09 euros. There will also be a change at the top of the Crop Science division. Rodrigo Santos will take over as COO from Liam Condon, who terminated his contract early. Bayer increased Group-wide sales in the third quarter by nearly 15 percent year-on-year to 9.8 billion euros. The Group posted a total profit of 85 million euros. Profits were depressed by high costs for restructuring measures.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

Crypto market in gold rush - Last night, the two leading cryptocurrencies Bitcoin ($BTC-EUR (+1.26%)) and Ethereum ($ETH-USD (+0.4%)) reached new all-time highs. Bitcoin was able to set the mark now at $68,642.00 with a daily increase of almost 5%. This puts its market capitalization at $1.28 trillion, which means bitcoin managed to outpace Tesla ($TL0 (+0.05%)) behind it. Ethereum followed Bitcoin's lead and also set a new all-time high of $4,857.25. Successes like these have been evident across the market in recent weeks. For example, Ethereum competitor Cardano ($ADA-USD (+8%)) gained 12% overnight, or even Litecoin ($LTC-EUR (+2.09%)) was able to grow by 20.3% in one day. This very strong performance, which can be seen across all cryptocurrencies, led to the total market capitalization of all cryptocurrencies breaking through the 3 trillion US dollar barrier for the first time.