IPG Photonics

𝗴𝗲𝘁𝗾𝘂𝗶𝗻 𝗗𝗮𝗶𝗹𝘆 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 𝟬𝟯.𝟬𝟱.𝟮𝟬𝟮𝟮

Hello getquin,

today we are talking about the quarterly results of BP, Deutsche Post and Pfizer. BER airport has taken a big loss and there was a flash crash due to a wrong entry at Citi.

𝗗𝗲𝘂𝘁𝘀𝗰𝗵𝗹𝗮𝗻𝗱🇩🇪:

1. 𝘏𝘰𝘩𝘦𝘳 𝘝𝘦𝘳𝘭𝘶𝘴𝘵 𝘣𝘦𝘪 𝘍𝘭𝘶𝘨𝘩𝘢𝘧𝘦𝘯 𝘉𝘌𝘙

In its first full financial year after going into operation, BER Airport once again made a large loss, as expected. Almost 570 million euros was the deficit last year, according to the annual report presented by airport CEO Aletta von Massenbach with Supervisory Board Chairman Jörg Simon in Berlin on Tuesday. This means that the loss has almost halved compared to the previous year. However, von Massenbach stressed that this was "only reassuring to a limited extent".

Read more: https://bit.ly/3vCwIxj

𝗘𝘂𝗿𝗼𝗽𝗮🌍:

2. 𝘍𝘭𝘢𝘴𝘩 𝘊𝘳𝘢𝘴𝘩 𝘥𝘶𝘳𝘤𝘩 𝘏ä𝘯𝘥𝘭𝘦𝘳𝘧𝘦𝘩𝘭𝘦𝘳 𝘣𝘦𝘪 𝘊𝘪𝘵𝘪

Citi admits that a trader error entering a transaction triggered a "flash crash" that sent Swedish stocks down 8% and European stocks down. Sweden's benchmark OMX 30 index plunged 7.9% in morning trading Monday before quickly recovering to shock investors.

🟩 $C (+1.84%) Citigroup Inc, $49.86 (🔼+2.34%)

𝘐𝘯𝘧𝘰: A flash crash describes a sharp drop in stock prices that lasts only a few minutes. The sudden collapse is followed in each case by a similarly rapid recovery.

Read more: https://bit.ly/3Fbs50n

𝗪𝗲𝗹𝘁🌎🌏🌍:

3. 𝘒𝘳𝘦𝘥𝘪𝘵𝘧𝘢𝘻𝘪𝘭𝘪𝘵ä𝘵 𝘷𝘰𝘯 𝘎𝘰𝘭𝘥𝘮𝘢𝘯 𝘥𝘶𝘳𝘤𝘩 𝘉𝘪𝘵𝘤𝘰𝘪𝘯 𝘨𝘦𝘴𝘪𝘤𝘩𝘦𝘳𝘵

Goldman Sachs Group Inc.'s first credit facility backed by bitcoin is the latest attempt by crypto exchange Coinbase Global Inc. to move money from Wall Street into the digital asset space. "Coinbase's collaboration with Goldman is a first step toward recognizing cryptocurrencies as collateral, deepening the bridge between the fiat and crypto economies," Brett Tejpaul, head of Coinbase Institutional, said in an emailed response. Coinbase did not disclose further details about the loan. A Goldman Sachs spokeswoman said last week that the loan was secured by bitcoin owned by the previously unnamed borrower.

🟩 $GS (+1.81%) Goldman Sachs Group, $315.32 (🔼+1.56%)

🟩 $COIN (+4.25%) Coinbase Global Inc, $125.52 (🔼+3.47%).

Coinbase and Goldman Sachs: https://bloom.bg/3s8Ra70

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻:

--German Post--

Today Deutsche Post $DPW (+1.33%) published its quarterly figures. The company said revenue soared 19.8 percent to 22.6 billion euros from January to March 2022, according to a statement in Bonn. Operating profit (EBIT) rose to 2.2 billion euros from 1.9 billion euros a year earlier.

EPS: 🟩 €1.08 vs €0.99 expected (+9.62%)

Revenue: 🟩22.59 billion vs 20.79 billion expected (+8.65 %)

More on the logistics group here: https://bit.ly/3s8XdIM

--BP--

Actually, the oil company BP $BP. (+1.3%) could have hoped for a good result in the first quarter with the high oil prices, but the group suffered from the write-down on its stake in the oil company Rosneft and from the withdrawal from the Russian business.

EPS: 🟥 $0.32 vs $1.37 missed by -76.62%.

Revenue: 🟥 $49.26 billion vs $53.20 billion by -7.41%

Read more at Handelsblatt: https://bit.ly/3MO3128

--Pfizer--

EPS: 🟩 $1.62 vs $1.57 expected

Revenue: 🟩 $25.66bn vs $24.73bn expected

𝗦𝘁𝗼𝗰𝗸 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗮𝘆:

🟩 TOP, $IPGP (+4.55%) IPG Photonics Corp (🔼+16.01%).

🟥 FLOP, $EXPE (+1.28%) Expedian Group Inc (🔽-15.01%)

🟥 Most searched, $AMZN (+0.2%)
Amazon.com Inc (🔽-0.24%)

🟥 Most traded, $BAS (+1.22%) BASF SE (🔽1.02%)

🟩 S&P500 (🔼+0.33%)

🟩 DAX (🔼+0.02%)

🟥 $BTC (+0.86%) Bitcoin ₿, $38,266.50 (🔽-0.63%)

Time: 17:00 CEST

𝗙𝘂𝗻𝗙𝗮𝗰𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗮𝘆:

14 companies that started in the DAX 31 years ago are still in the leading index today, including Allianz, BMW, Daimler, Deutsche Bank, Lufthansa and Siemens.