𝗴𝗲𝘁𝗾𝘂𝗶𝗻 𝗗𝗮𝗶𝗹𝘆 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 𝟭𝟬.𝟬𝟱.𝟮𝟬𝟮𝟮
Hello getquin!
I saw a funny post here on this platform about inflation, and boy oh boy does that remain to be relevant. It’s a good post, I think you should follow him, if someone could tag him or the post in the comments. Also don’t forget to tag @ccf_en in good posts 👍
𝗔𝘀𝗶𝗮🌏:
1. China’s internet users pay close attention to the crypto crash
Despite cryptocurrency trading being banned in China, many internet users remain interested in the ups and downs of the crypto market. Many have also found workarounds and continue to trade a range of tokens. Yesterday, the hashtag #luna made it into the top 10 keywords on Weibo $9898 (+0.58%) , China’s equivalent of Twitter $TWTR
🟥 $LUNA Terra, $30.98 (🔽-45.88%)
Link: https://tcrn.ch/3PbllUR
𝗔𝗳𝗿𝗶𝗰𝗮🌍:
2. Angola’s first IPO to spur wave of listings🇦🇴
Next month, BAI, Angola’s largest private bank, will be the first ever initial public offering (IPO) on Angola’s BODIVA stock exchange. This is expected to unlock a wave of new listings according to the exchange’s chief executive, as Angola pushes forward with their privatisation drive. The OPEC member state has an ambition reform programme to modernise the economy and attract private investment.
Link: https://reut.rs/38juVEz
𝗔𝗺𝗲𝗿𝗶𝗰𝗮𝘀🌏:
3. National average for gasoline hits record $4.37 a gallon
Gasoline prices in the USA have reached record levels, with oil prices holding steady above $100 a barrel, leading to inflation across the economy. Nationwide, gasoline prices are averaging $4.37 a gallon, with some states having prices as high as $6. Although the West Texas Intermediate crude futures (US oil benchmark) is trading around the $100 per barrel mark - a lot lower than March highs of $130 - labour constraints and supply chain issues have contributed to these record high prices.
🟥 Oil (WTI Futures), $99.78/barrel (🔽-3.21%)
Link: https://cnb.cx/397wp4O
𝗘𝗮𝗿𝗻𝗶𝗻𝗴𝘀 𝗰𝗮𝗹𝗹𝘀🗣:
1. AMC
🟩 Loss per share: -$0.65 vs -$0.67 expected (+2.85%)
🟩 Revenue: $785.70m vs $743.43m expected (+5.69%)
Although they exceeded expectations, not even Spider-Man and Batman releases could make $AMC Entertainment profitable during Q1’22. Having released their Q1 earnings after market close, shares rose by more than 4% after hours
2. Peloton
🟥 EPS: -$1.22 vs -$0.92 expected (-33.03%)
🟥 Revenue: $1.13bn vs $1.15bn expected (-1.51%)
Losses were expected, however Peloton $PTON (+3.38%) still missed expectations. Their own outlook for the current quarter is weak, as they expect planned subscription price increases will further decrease demand.
3. Novavax
🟥 EPS: $2.56 vs $2.74 expected (-6.43%)
🟥 Revenue: $703.97m vs $873.04m expected (-19.37%)
Despite reporting its first profitable quarter, Novavax $NVAX (+4.76%) still fell behind analyst expectations. The company reiterated its 2022 revenue guidance of $4bn to $5bn, however they have not yet received an order from Covax, the international partnership procuring vaccines for lower-income nations.
𝗦𝘁𝗼𝗰𝗸𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗮𝘆🔔:
🟩 TOP, $BPOST (-0.26%) Bpost SA (🔼+5.69%)
🟥 FLOP, $PTON (+3.38%) Peloton Interactive (🔽-14.65%)
🟩 Most traded, $TSLA (+4.63%) Tesla Inc (🔼+0.48%)
🟥 S&P500 (🔽-0.49%)
🟩 DAX (🔼+1.15%)
🟩 $BTC (+1.49%) Bitcoin ₿, $31,131.30 (🔼+3.50%)
Time: 18:30 CEST
Do you remember when we mentioned what a flash crash is? Well the largest ever flash crash took place on the 6th of May 2010, when large American indexes plunged by 9% within minutes, quickly recovering.
