Innoviz Tech

Just bought $INVZ at the opening because they recently scored a big deal with $MBLY that is a company I recently decided to invest in

I think this is extremely undervalued right now.

NOT FINANCIAL ADVICE! 👀

getquin Daily Summary 02.08.2022

Hello getquin,

today there are again exciting quarterly figures! Also, Simens Gamesa lowers outlook and Fiat Chrysler has to pay millions in the US. In the special: Innoviz closes a deal with VW.

Europe🌍:

1. Siemens Gamesa lowers outlook.

Troubled wind power company Siemens Gamesa has been forced to lower its targets, despite previously expecting a significant loss. Releasing its quarterly figures on Tuesday, the German-Spanish turbine maker warned that its return on investment could possibly fall to as low as minus 5.5 percent instead of the previous minus four percent. The return will also be negative in 2023, it said.

Group CEO Jochen Eickholt said, "The situation remains tight, we observe that material costs continue to rise, at the same time we have long-term contracts that were negotiated in 2021 with significantly lower prices." The Siemens Energy division has been making losses for years.

Not good news from Gamesa: https://bit.ly/3vBiIDL

🟥 $SGRE (🔽 -0.08%)

America🌏:

2. Fiat Chrysler to pay $300 million in U.S. fines.

Automaker Fiat Chrysler has been fined yet another time in the U.S. over the controversy surrounding emissions manipulation. A federal judge in Detroit fined the company about $300 million (about 290 million euros) on Monday (local time) for falsifying emissions data.

The manufacturer, now a subsidiary of global automaker Stellantis, had pleaded guilty in June and reached a settlement with the U.S. Justice Department. Fiat Chrysler said the money was covered by provisions at the time. The court has now approved the settlement.

Authorities in the United States had accused the automaker of lying about the emissions levels of just over 100,000 diesel vehicles. The Justice Department had filed charges in 2017.

Interested in the issue? https://bit.ly/3zqf6po

$2FI

Special:🎤

3. Innoviz signs deal with VW.

Israeli lidar manufacturer Innoviz announced Tuesday that it has signed a contract to supply lidar units and related software for autonomous driving to a division of Volkswagen worth $4 billion over eight years.

Under the contract, Volkswagen will install Innoviz's latest lidar unit and proprietary perception software across its vehicle portfolio.

The contract is for eight years, beginning in the "middle of the decade," when the first Innoviz-equipped Volkswagen Group vehicles are scheduled to be delivered. Innoviz expects to deliver lidar units for between 5 and 8 million Volkswagen Group vehicles during the eight-year term.

Now that's what I call a good deal! https://cnb.cx/3BEueSD

🟩 $INVZ (🔼 +12.25%)

Quarterly Figures:

🚖Uber $UBER (+1.07%)

Uber Technologies Inc on Tuesday reported third-quarter cash flow positive for the first time and forecast operating profit above estimates as more people rely on its services for transportation and meal delivery.

The company's shares rose 13% to $27.9, helping to lift shares of rival Lyft Inc.

EPS: 🟩🟥 -$0.05 expected vs tba reported; difference: tba%.

Revenue: 🟩 $7.37 billion expected vs $8.07 billion published; variance: 9.50%.

Source: https://reut.rs/3OXSW3f

🏎Ferrari $RACE (-0.09%)

Thanks to strong demand for its high-end sports cars, Ferrari posted record results and raised its forecast. It beat analysts' forecasts as second-quarter earnings before interest, taxes, depreciation and amortization (Ebitda) rose 15% to 446 million euros. Sales rose 25% to nearly 1.3 billion euros. However, the return on sales fell by almost three percentage points over the course of the year to a still lush 34.6%. By comparison, sports car manufacturer Lamborghini, a division of Audi owned by VW, achieved 31.9 percent after six months.

EPS: 🟩 € 1.20 expected vs € 1.36 published; difference: 13.12 %.

Sales: 🟩 €1.22 billion expected vs €1.29 billion published; difference: 5.90%.

Stocks of the day:

🟩 TOP $RIG €3.15 (🔼 +16.25%)

➡️Deepwater drilling based in Switzerland.

🟥 FLOP $SYNH , €64.09 (🔽 -16.97%)

➡️Service for pharmaceutical and medical technology & clinical trials

🟩Most searched $AMZN (+0.43%) , 132,95€ (🔼 +0,53%)

🟩 Most traded $TSLA (+2.81%) , 887.00 (🔼 +1.99%)

🟥 S&P500, 4,106.50 (🔽 -0.29%)

🟥 DAX, 13,437.37 (🔽 -0.31%)

🟥 Bitcoin ₿, €22,426.05 (🔽 -1.12%)

Time: 16:45 CEST

Fun Fact:

Did you know that Ferrari has been in F1 continuously since its inception in 1950?