getquin Daily Summary 04.08.2022
Hello getquin,
today the focus for MarketNews is on the USA! 🇺🇸 There are very interesting posts and am looking forward to exciting discussions. 🥊
America🌏:
1. Beyond Meat terminates 4% of its workforce
Beyond Meat on Thursday lowered its sales forecast for the year and announced it would cut its workforce by 4%, citing general economic uncertainty and consumers' shift to cheaper proteins.
The El Segundo, California-based company also reported a wider-than-expected loss and weak sales for the second quarter. Shares of the company fell 1% in extended trading.
Are you Beyond Meat customers? https://cnb.cx/3bBRCWs
🟥 $BYND (+1.4%) (🔽 -4.97%)
2. Twitter rejects Musk's claim
Twitter Inc. on Thursday rejected Elon Musk's claims in a Delaware court filing that he was hoodwinked into signing a deal to buy the social media company, saying they were "implausible and contrary to fact."
Musk made those claims in a counterclaim filed under seal last Friday and made public Thursday.
"According to Musk, he - the billionaire founder of several companies who was advised by Wall Street bankers and lawyers - was tricked by Twitter into signing a $44 billion merger agreement. This story is as implausible and fact-defying as it sounds," reads the dossier released by Twitter on Thursday.
Do you believe Elon Musk? https://reut.rs/3zYP79L
🟩 $TWTR (🔼 +2.10%)
3. Amazon buys Roomba maker iRobot for $1.7 billion
The world's largest online retailer, Amazon, is interested in buying iRobot, a company best known for its self-propelled Roomba vacuum cleaners. The companies announced Friday that they had agreed on a purchase price of $61 per share.
That would make iRobot worth about $1.7 billion (1.67 billion euros), taking into account outstanding debt. The money will be paid in cash by Amazon. However, the deal still needs regulatory approval and shareholder approval.
Is this a good investment?
🟩 $AMZN (-1.08%) (🔼 +0.55%)
🟩 $IRBT (-0.83%) (🔼 +19.78%)
Quarterly figures:
📦 Deutsche Post $DPW (+1.52%)
Deutsche Post's freight business continued to pay off in the second quarter, with the Group more than offsetting declining mail volumes from private customers due in part to high transport prices in its international business with corporate customers. Overall, it was the most successful quarter in the company's history, Deutsche Post Chief Financial Officer Melanie Kreis said in a conference call Friday in Bonn. Double-digit percentage increases in revenue and profit exceeded experts' expectations.
EPS: 🟩 1.02 expected vs 1.17 published; difference: 14.58 %.
Sales: 🟩 €21.46 billion expected vs €24.03 billion published; variance: 11.97%
Stocks of the day:
🟩 TOP $CVNA (+0.28%) €45.02 (🔼 +25.92%)
➡️Used car dealer USA
🟥 FLOP $CNK (+0.86%) , €16.81 (🔽 -10.28%)
➡️American cinema chain
🟥 Most searched Allianz $ALV (-0.24%) , 176.41 € (🔽 -1.81%)
🟩 Most traded Amazon, $AMZN (-1.08%) €139.87 (🔼 +0.55%)
🟥 S&P500, 4,141.61 (🔽 -0.25%)
🟥 DAX, 13,634.26 (🔽 -0.21%)
🟩 Bitcoin ₿, €22,825.49 (🔼 +3.40%)
Time: 17:00 CEST
Fun Fact:
Did you know that Beyond Meat's popularity has led to the company making $464.7 million in revenue in 2021?
