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10Yesterday was the worst day for the S&P 500 since June 11, 2020 $SP500TR . The same is true for the NASDAQ 100 $NDAQ (+0.05%) .
RIP to all fellow tech investors.
As a reminder, on the Thursday 11/06/20, the Federal Reserve highlighted the ongoing economic concerns due to the coronavirus pandemic and the actions taken to contain it. On that day, the DowJones fell 1861 points.
getquin Daily Summary 01.09.2022
Hello getquin,
also today a lot has happened. Not only the fuel discount and the 9-Euro-Ticket expired, but also in the business world there was one or the other new start.
Europe🌍:
1. Oliver Blume's first day at work at VW
Oliver Blume was previously known primarily as CEO of Porsche. As of today, he additionally takes over as CEO at Volkswagen. "Olli" is seen as a people catcher compared to his predecessor and is expected to smooth the rifts between the board and the workforce that were created by the transformation pressure of Herbert Diess. It remains to be seen whether Oliver Blume can do this and at the same time drive forward the tough renewal process.
Read more: https://bit.ly/3AHMDMc
🟥 $VOW3 (+0.19%) €181,85 (🔽 -1,96%)
America🌏:
2. no more NVIDIA chips for China
$NVDA (-0.8%) Is getting more and more headwind. If the graphics card and chip manufacturer has profited greatly in recent years, mainly due to the Bitcoin farming hype, the market climate is currently changing. Now the U.S. government has ordered NVIDIA to stop selling chips to China. As a result, NVIDIA may lose up to $400 million in revenue this quarter. The reason for this is probably fears that the chips could be used by the Chinese military.
Read more: https://cnb.cx/3Rqd8MR
🟥 $NVDA (-0.8%) €137,98 (🔽 -8,15%)
Asia🌏:
3rd Toyota to invest $5.6 billion in battery production
The largest automaker by unit sales is not yet completely convinced of the battery cell trend and has invested heavily in hydrogen fuel cell research in the past. Now, however, the Japanese are investing heavily and want to build battery cell factories in Japan as well as in the USA. Nevertheless, Toyota continues to back the hydrogen fuel cell and wants to advance both technologies in parallel.
Read more: https://cnn.it/3q3jbvm
🟥 $TM (+1.84%) €147,50 (🔽 -0,67%)
Special: fuel discount and 9-euro ticket
Today is a new start for all car and train drivers, because today the term of the fuel discount and the 9-Euro-Ticket ends. For many, this means more expensive costs for commuting to work again. Both will probably not be available again in the usual form. However, there are already plans for a successor to the 9-euro ticket. The SPD, for example, is in favor of a nationwide 49-euro ticket. How expensive the ticket will be in the end, or whether there will be one at all, remains to be seen. What do you think? Should there be a successor model and how much are you prepared to pay for it?
Read more: https://bit.ly/3wN1cwW
Stocks of the day:
🟩 $SNAP (+4.74%) €11,07 (🔼 +3,29%)
➡️ Social Media
👍 SNAP lays off approx. 6000 employees
🟥 $NVDA (-0.8%) €137,98 (🔽 -8,15%)
➡️ Technology
👍 May no longer sell chips to China
🟥 Most searched $BYDDY (-3.66%) €29,32 (🔽 -4,48%)
🟥 Most traded $NVDA (-0.8%) €137,98 (🔽 -8,15%)
🟥 $SP500TR 3.915,93 (🔽 -0,99%)
🟥 $GDAXI 12.660,44 (🔽 -1,36%)
🟩 $BTC (-0.36%) ₿ 20.017,42 (🔼 +0,23%)
Time: 17:30 CEST
Fun Fact:
Investors can trade just five shares on the stock exchange in Phnom Penh, Cambodia. The market capitalization of all companies listed in Phnom Penh was around 480 million euros at the end of March 2019.
getquin Daily Summary 31.08.2022
Hello getquin,
Today we have again exciting topics for you from the search at J.P. Morgan in Frankfurt to layoffs and crazy market movements at Snapchat.
Europe🌍:
1. investigators search US major bank J.P. Morgan in Frankfurt
JP Morgan wants to cooperate. The background is the Cum-Ex scandal. There are said to be more than 20 defendants, including managers and employees from the compliance department. The term Cum-Ex stands for trading in large blocks of shares with (cum) and without (ex) dividends, which comes from Latin. Those involved had capital gains taxes refunded to them that they had not paid at all. JP Morgan is said to have been involved in classic cum-ex transactions and later also used corresponding models for tax evasion.
Read more: https://bit.ly/3CHK2oj
🟥 $JEDT €114.16 (🔽 -0.24%)
Americas🌏:
2nd Snapchat announces 20% employee layoffs
Snapchat will lay off 20% of its more than 6,000 employees and discontinue several projects, including its Pixy photo drone and Snap Originals premium shows. The company promoted Jerry Hunter, senior vice president of engineering, to chief operating officer. Snapchat recently reported disappointing second-quarter results and said it would not provide guidance for the current quarter.
Read more: https://cnb.cx/3pWFaDY
🟩 $SNAP (+4.74%) €11.14 (🔼 +11.14%)
Asia🌏:
3rd top Softbank executive resigns
Rajeev Misra, a top SoftBank executive and a key ally of CEO Masayoshi Son, has stepped down from his roles as corporate officer and executive vice president of SoftBank Group. He remains CEO of SoftBank Investment Advisers, the company responsible for the $100 billion Vision Fund, which has made high-profile bets on companies such as Uber. SoftBank's investment strategy has come under fire after a series of bad investments such as WeWork, and the recent slide in tech stocks has hurt the fund's performance. SoftBank's Vision Fund posted a record loss of 3.5 trillion Japanese yen for the fiscal year ended March 31.
Read more: https://cnb.cx/3AE1yH9
🟩 $SFTBY (+3.57%) €20,01 (🔼 +1,65 %)
Welt🗺️:
4th BYD plunges after Buffett reduces his stake
Hong Kong-listed shares of BYD plunged Wednesday after Warren Buffett's Berkshire Hathaway cut its stake in the Chinese electric carmaker. One fund manager said this could be a warning sign of further developments.
The conglomerate slightly reduced its stake to 19.92% from 20.04%, according to a filing on the Hong Kong Stock Exchange. Berkshire sold 1.33 million BYD shares for about $47 million - the group now owns 218.7 million shares, according to the report. EV maker BYD falls more than 12%, dragging down the Hang Seng Index on Wednesday.
Read more: https://cnb.cx/3KynUym
🟥 $BYDDY (-3.66%) €30,90(🔼 +3,89 %)
Special:🎤
5. Bed Bath & Beyond shares plummet after memestock submits share offer for undisclosed amount
Shares of Bed Bath & Beyond fell after the meme-stock-turned-retailer said in a filing that it would sell shares for an undisclosed amount. The company also announced $500 million in new financing and plans for layoffs. The stock fell 24% when the market opened Wednesday. The announcement came just hours before Bed Bath & Beyond unveiled a turnaround plan Wednesday to regain the trust of customers, investors and suppliers. Some investors had called for the retailer to capitalize on its meme status by issuing stock to raise much-needed cash.
Read more: https://cnb.cx/3dYe3Wr
🟥 $BBBY €9,51 (🔼 -23,35%)
Quarterly figures:
🚖 Crowdstrike $CRWD (-1.48%)
EPS: 🟩 $28 cents expected vs $36 cents published
Revenue: 🟩 $516 million expected vs $516 million published
🚖 Hewlett Packard $HPQ (+0.09%)
EPS: 🟥 $1.05 cents expected vs $0.94 cents published
Revenue: 🟥 $14.9 billion million expected vs $14.7 billion million published
🟥 $EUNL (-0.04%) €73.62 (🔽 -0.25%)
🟥 $TSLA (-2.01%) €274.83 (🔽 -1.26%)
🟥 $SP500TR 3.985,56 (🔽 -0,010 %)
🟥 $GDAXI 12.929,62 (🔽 -0,23 %)
🟩 $BTC (-0.36%) ₿, €19.986,32 (🔼 +0,63%)
Time: 17:30 CEST
Joke of the day:
'I won $3 million on the lottery this weekend so I decided to donate a quarter of it to charity. Now I have $2,999,999.75.'
getquin Daily Summary 30.08.2022
Hello getquin,
here is your daily collection of news, useless and sometimes useful facts and everything that could have to do with stocks. Today the market was not so positive. In addition to news on European stocks, today we have an all-round view with Asia and America. Please write in the comments how your portfolio fared today.
Europe🌍:
1st German inflation rate reaches 7.9%, the highest level in 50 years
Sharp price increases for energy and food have driven the inflation rate in Germany to its highest level in almost 50 years. According to calculations by the Federal Statistical Office, consumer prices in May were 7.9% higher than in the same month last year.
This means that the inflation rate in Europe's largest economy remained above the seven percent mark for the third month in a row. From April to May 2022, prices rose by 0.9 percent. The Wiesbaden-based statisticians confirmed their preliminary data from the end of May on Tuesday.
Read more: https://bit.ly/3wG6jz7
🟩 $GDAXI 12.957,92 (🔼 +0,50 %)
America🌏:
2nd Elon Musk invokes whistleblower claims in latest attempt to kill Twitter deal
Elon Musk filed another notice on Tuesday to end the Twitter acquisition, citing more reasons. Twitter shares fell more than 1% in pre-market trading.The latest filings come after Twitter's former chief security officer Peiter "Mudge" Zatko earlier this month alleged "extreme, egregious deficiencies" at the social media company in terms of privacy, security and content moderation. Twitter said Musk's latest termination attempt was "invalid and unlawful" under the acquisition agreement.
Read more: https://cnb.cx/3cr3M4Y
🟥 $TWTR €39,62 (🔽 -2,05 %)
Asia🌏:
3. concerns about the impact of Covid restrictions in China's major business centers
Concerns are growing over the tightening of Covid restrictions in several major Chinese cities as authorities lock out millions of citizens in Shenzhen and Dalian.
The measures have heightened uncertainty and concern over China's shaky economy. Analysts believe that the tightening of restrictions in major economic centers such as Shenzhen, Dalian and Chengdu in the southwest could have a far more serious impact than the lockdowns in smaller centers.
The new measures, which are only planned for a few days for now, reflect China's insistence on its "dynamic zero Covid" policy, which aims to quell any outbreak as soon as it occurs.
"Markets could come under renewed pressure in the coming weeks, likely triggering another round of cuts by economists on the street," Nomura warned in a note on Tuesday, highlighting the importance of cities such as the southern tech hub of Shenzhen.
Read more: https://bit.ly/3AXbMUw
🟥 $XCH $18,48 (🔽 -2,17%)
Welt🗺️:
4th battle of the chip giants
An exciting day for all chip and graphics card stock holders. It seems like one company is trying to top the other with announcements.
AMD's CEO Lisa SU announced today that AMD will be introducing four new architectures in the next few quarters, the first of which will launch as early as next month and is expected to surpass even Intel's powerhouse Core I9 in terms of gaming speed.
Shortly afterwards, Nvidia announced a new data center solution together with Dell. The data center is said to work at the forefront of AI innovation. The announcement states that the two companies aim to provide "cutting-edge AI training, AI inference, data processing, data science and zero-trust security capabilities for enterprises around the world".
Nevertheless, the news was not reflected in the share performance and both shares fell by more than 3%.
🟥 $AMD (-3.56%) €86,10 (🔽 -3,13 %)
🟥 $NVDA (-0.8%) €154,02 (🔽 -3,07%)
Special:🎤
Today is Warren Buffet's 92nd birthday.
🟥 $BRK.A (+0.43%) €432,500.00 (🔽 -1,14%)
Stocks of the day:
🟩 $PAH3 €72,74 (🔼 +4,06%)
👍 The planned IPO of VW's sports car subsidiary Porsche AG continues to drive the share price forward and is encouraging investors. In particular, the shares of Volkswagen Group holding company Porsche SE continued their rally following the new speculation that arose on Friday about the valuation of Porsche AG.
🟥 $BYDDY (-3.66%) €63,93 (🔽 -8,33%)
👎 In addition to increasing lockdown concerns, a report by the US news agency Bloomberg weighed heavily on the share price of the Chinese e-car manufacturer and Tesla rival. According to rumors, star investor Warren Buffett could sell his shares in BYD.
🟥 Most searched
$ALV (-0.22%) €170,08 (🔽 -0,15%)
🟥 Most traded
$BBBY €12,86 (🔽 -5,3%)
🟥 $SP500TR 2.987,96 (🔽 -1,06%)
🟩 $GDAXI 12.937,49 (🔼 +0,35%)
🟥 $BTC (-0.36%) ₿, €19.758,54 (🔽 -2,48%)
Time: 17:00 CEST
Lesson of the day:
Lucid $LCID (+2.14%) today submitted an application for a "mixed shelf offering" of up to 8 billion dollars. But what is that anyway?
A shelf offering is a provision of the Securities and Exchange Commission (SEC) that allows a stock issuer (e.g. a company) to register a new issue of securities without having to sell the entire issue at once. Instead, the issuer can sell portions of the issue over a three-year period without having to re-register the security or pay penalties.
getquin Daily Summary 29.08.2022
Hello getquin,
today the market was not so positive. In addition to news on European stocks, today we have an all-round view with Asia and America. Despite that the market was generally negative, bitcoin was able to perform positively. Have fun reading!
Europe🌍:
1. central bankers cause further price losses for European stocks
European markets fell today while bond yields rose as central bankers' comments fueled concerns about drastic measures to fight inflation despite growing recession risks.
The STOXX 600 index hit a more than one-month low, and interest-rate-sensitive technology stocks also fell 1.8%. The yield on 10-year German debt rose 10 basis points to a two-month high.
Read more: https://reut.rs/3RfaZne
🟥 $SC0C (+0.4%) €97,08 (🔽 -0,08%)
🟩 10-year German government bonds 1,510% (🔼 +0,118%)
America🌏:
2nd Honda and LG to build EV battery production in U.S.
Honda Motor and LG Energy Solution announced Monday that they will spend $4.4 billion to build a new battery production facility in the United States.
As the industry tries to meet stricter requirements and accelerate the production of zero-emission cars and trucks, this news is the intention of automakers to invest in American production of battery cells for electric vehicles. General Motors, Ford Motor, Rivian Automotive and Hyundai Motor are among the other manufacturers.
Read more: https://reut.rs/3RiL6TD
🟩 $HMC (+1.92%) €26,63 (🔼 +0,13%)
Asia🌏:
3rd Chinese tech giants posted worst quarterly growth in their history
Chinese tech giants have had the worst quarter in their history as the sharp slowdown in the world's second-largest economy, fueled by Beijing's strict covid policies, takes its toll. In the second quarter of the year, e-commerce company Alibaba posted its first flat year-on-year revenue growth, and social media and gaming company Tencent reported its first revenue decline in history. JD.com, China's second-largest e-commerce company, posted the slowest revenue growth in its history, while electric vehicle maker Xpeng issued a larger-than-expected loss and a weak forecast. Together, these companies have a market capitalization of more than $770 billion. China's economy grew by only 0.4% in the second quarter, affecting consumer strength and corporate spending in areas such as advertising and cloud computing.
Read more: https://cnb.cx/3Q0e5ul
🟥 $BABA (-0.87%) €98,20 (🔽 -1,16 %)
🟥 $JD (-1.63%) €31,20 (🔽 -2,35 %)
🟥 $XPEV (-3.43%) €18,50(🔽 -2,22 %)
Welt🗺️:
4. Savage plays along with Sony's Playstation
Savage Game Studios will join PlayStation's newly formed Studios Mobile division. Sony announced today that they have reached a definitive agreement to acquire Savage Game Studios. Savage games studio, which was founded as recently as 2020 by veterans from teams at Rockstar, Wargaming, Rovio and Next Games, among others, had raised $4.4 million in seed funding just last year. Savage games works primarily on mobile content, further confirming Sony's focus on expanding their mobile games division.
For all gaming investors: https://bwnews.pr/3QUhaNM
🟥 $SONY (+2.08%) €81,84 (🔽 -2,41%)
Stocks of the day:
🟩 $PDD (-1.08%) €67,95 (🔼 +17,56%)
👍 Shares of the China-based e-commerce company rose 17.56% on the stock market after better-than-expected quarterly results. The company said its performance was boosted by a recovery in consumer sentiment.
🟥 $FTCH €10,56 (🔽 -12,62%)
👎 After gaining 17.13% on Friday, Farfetch's shares fell again today by 12.62%. This could be due to the decline to the hype from the partnership with luxury goods manufacturer Richemont (Cartier, Montblanc, A. Lange & Söhne).
🟥 $EUNL (-0.04%) €74.72 (🔽 -0.52%)
🟥 $TSLA (-2.01%) €281.30 (🔽 -2.40)
🟥 $SP500TR 4.034,48 (🔽 -0,57 %)
🟥 $GDAXI 12.897,27 (🔽 -0,57 %)
🟩 $BTC (-0.36%) ₿, €20.266,67 (🔼 +2,91 %)
Time: 18:00 CEST
(Not so) Fun Fact:
If you think we have it bad, Zimbabwe had the worst inflation in the world in 2008. 6.5 sextillion percent in November 2008 only. Again to clarify, a sextillion is a one with 36 zeros! That makes 8% sound a lot better.
As many experts continue to #aktienmarkt still facing difficult times, it could make sense to look at dividend stocks for the remainder of 2022. Dividend stocks are somewhat less growth driven, but they provide a relatively stable cash flow. Over the long term, dividend stocks actually outperform the $SP500TR.
A well-known portfolio with a high proportion of dividend stocks belongs to the Bill & Melinda Gates Foundation Trust. Three dividend stocks in the portfolio are Waste Management ($WM (+1.03%)), Caterpillar ($CAT (+1.49%)) and Walmart ($WALM34).
⁉️ What do you think of the three stocks and the strategy of focusing on a dividend portfolio?
Source: https://finance.yahoo.com/news/bill-gates-using-dividend-stocks-192500009.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr
𝙈𝙖𝙧𝙠𝙚𝙩 𝙉𝙚𝙬𝙨 🗞️
𝙄𝙣𝙛𝙡𝙖𝙩𝙞𝙤𝙣𝙨𝙨𝙤𝙧𝙜𝙚𝙣 / 𝙏𝙝𝙚𝙡𝙚𝙣 𝙨𝙩𝙖𝙧𝙩𝙚𝙩 𝙁𝙤𝙣𝙙𝙨 / 𝙎𝙀𝘾 𝙬𝙞𝙡𝙡 𝙆𝙧𝙮𝙥𝙩𝙤 𝙍𝙚𝙜𝙪𝙡𝙞𝙚𝙧𝙪𝙣𝙜
𝙀𝙭-𝘿𝙖𝙩𝙚𝙨 📅
The interesting ex-dates today are at Home Depot ($HDI (-0.26%)) and Qualcomm ($QCI (-0.19%)).
𝙌𝙪𝙖𝙧𝙩𝙖𝙡𝙨𝙯𝙖𝙝𝙡𝙚𝙣 📈
Today, Chewy ($CHWY (-4.47%)), C3.ai ($724 (+5.01%)) and Campbell Soup Co. ($CSC (+0.22%)) will present their figures.
𝙄𝙋𝙊𝙨 🔔
𝙑𝙞𝙟𝙖𝙮𝙖 𝘿𝙞𝙖𝙜𝙣𝙤𝙨𝙩𝙞𝙘𝙨 𝘾𝙚𝙣𝙩𝙧𝙚 - if you are still looking for Indian health values, you might want to take a closer look at this company. The company provides pathology and radiology services. It operates 81 diagnostic centers as well as 11 laboratories in 13 different cities and is going public today.
𝙈𝙖𝙧𝙠𝙚𝙩𝙨 🏛️
𝙐𝙎𝘼 - The S&P 500 ($SP500TR) posted its seventh consecutive monthly gain. This is the longest streak in three and a half years. This is due to optimism for the ongoing economic recovery and Powell's remarks at the Federal Reserve's meeting in Jackson Hole. However, economists are reacting with concern to the market's momentum. For example, they fear that the Fed is reacting too late to inflation. Reacting too late would lead to stronger intervention, which in turn could weigh on the economy.
𝙁𝙧𝙖𝙣𝙠 𝙏𝙝𝙚𝙡𝙚𝙣 - the venture capitalist is launching its own funds. The funds are launched today and include stocks and cryptocurrencies. The goal is to triple the value of the investments over four to eight years. A maximum of 30 individual positions are targeted and offered by Axxion. The fund for retail investors will be savings plan eligible and come with no minimum investment amount, according to Thelen. However, the annual fee is 1.8 percent, and there is also a performance fee.
Yesterday, there was already a discussion about this in the community: https://app.getquin.com/activity/jqwdqsDlkz
𝘾𝙧𝙮𝙥𝙩𝙤 💎
𝙎𝙀𝘾 - already yesterday there were signs of increased regulations when the SEC announced that it would ban the PFOF model. Now Gary Gensler announced that Crypto Exchanges are too big to exist outside of a regulatory framework.
According to Gensler, the same constraints apply to cryptocurrencies as to stocks or bonds. Therefore, investor protection and stability should also be ensured. Therefore, Gensler urged crypto trading platforms to cooperate more with regulators.
Almost Bergfest Friends 😊
𝐌𝐚𝐫𝐤𝐞𝐭𝐬:
The $GDAXI continues to be friendly on Tuesday. The $MDAXI was even able to record a 𝐧𝐞𝐮𝐞𝐬 𝐑𝐞𝐤𝐨𝐫𝐝𝐡𝐨𝐜𝐡 at 36,181 points. Also the $SP500TR is picking up speed again and also marked a new all-time high. Thus, the index could even 𝐯𝐞𝐫𝐝𝐨𝐩𝐩𝐞𝐥𝐧 since the low of the Corona crash on 23.03.20 and 16.08.21.
𝐉𝐚𝐜𝐤𝐬𝐨𝐧 𝐇𝐨𝐥𝐞:
Also important for the markets is the upcoming 𝐔𝐒-𝐍𝐨𝐭𝐞𝐧𝐛𝐚𝐧𝐤𝐤𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐳. There, Jerome Powell will address a the further course of bond purchases on Friday.
𝐓𝐞𝐬𝐥𝐚:
The electric car manufacturer enters the German market with 𝐓𝐞𝐬𝐥𝐚 𝐄𝐧𝐞𝐫𝐠𝐲 ( $TL0 (-2.01%) ) into the German 𝐒𝐭𝐫𝐨𝐦𝐠𝐞𝐬𝐜𝐡ä𝐟𝐭. At the moment, the offer is limited to Bavaria and Baden-Württemberg, but is to be expanded nationwide from 2022.
So far, only customers with a solar roof and Powerwall have a way to book the electricity. Tesla Energy is already active in Australia, Great Britain and the USA.
𝐊𝐫𝐚𝐤𝐞𝐧:
The crypto exchange wants to 𝐄𝐮𝐫𝐨𝐩𝐚 𝐞𝐱𝐩𝐚𝐧𝐝𝐢𝐞𝐫𝐞𝐧. Currently, the company is still working on a license, but is expected to enter the market by 𝐄𝐧𝐝𝐞 𝐝𝐢𝐞𝐬𝐞𝐬 𝐉𝐚𝐡𝐫𝐞𝐬. Kraken handles a transaction volume of $1.3 billion within 24h, making it the fifth largest crypto exchange in the world by transaction volume.
Top creators this week
