Owens Corning

$OC (+2.92%)

Hello everyone,

Does anyone know Owens Corning? I had to deal with their glass fibers from time to time in my job, but apparently they do even more.

Since I stumbled across the stock recently and liked the fundamental data, I opened a position, could be a solid boring stock.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗪𝗲𝗪𝗼𝗿𝗸 𝟮.𝟬 / 𝗠𝗶𝘁 𝗱𝗲𝗺 "𝗚𝗿𝗲𝘆𝗵𝗼𝘂𝗻𝗱" 𝗮𝘂𝗳 𝗱𝗲𝗺 𝗪𝗲𝗴 𝘇𝘂𝗺 𝗜𝗣𝗢 / 𝗪𝗼𝗹𝗸𝗶𝗴 𝗺𝗶𝘁 𝗔𝘂𝘀𝘀𝗶𝗰𝗵𝘁 𝗮𝘂𝗳 𝗚𝗲𝘄𝗶𝗻𝗻𝘇𝘂𝘄𝗮𝗰𝗵𝘀

𝗜𝗣𝗢𝘀 🔔

WeWork - After its failed first attempt in 2019, office broker WeWork is trying again with a stock exchange listing. This time, however, not by means of an IPO, but via a SPAC (Special Purpose Acquisition Company) merger. The path to the stock exchange is to be paved by a merger with SPAC BowX Acquisition Corp. ($BOWXU) will pave the way. In 2019, the valuation of the former startup was $47 billion. But now it is aiming for a valuation of nine billion U.S. dollars and is looking to raise one billion U.S. dollars in fresh money from existing and new investors. It remains to be seen whether the projected business figures can be met or are too optimistic.

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

Starting today, Owens Corning Inc. ($O5Q (+2.92%)), Procter & Gamble ($PRG (+2.58%)), Pentair plc ($PNT (+1.16%)), Thor Industries Inc. ($TIV (+1.42%)) and Williams-Sonoma Inc. ($WM1 (+0.36%)) are trading ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, AT&T ($SOBA (+1.5%)), American Airlines ($A1G (+1.42%)), Alaska Air Group ($ALK (-0.24%)), Barclays ($BCY (-1.81%)), China Unicom ($XCI), Chipotle Mexican Grill ($C9F (+4.33%)), Danaher ($DAP (+0.92%)), Intel ($INL (+0.95%)), SAP ($SAP (+0.54%)), Schindler ($SHRQ (+1.11%)), Union Pacific ($UNP (+1.75%)) and Volvo ($VOL1 (+1.63%)) presented their figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

FlixBus - For $172 million, Munich-based FlixBus buys the legendary "Greyhound" buses in the U.S. from British company FirstGroup ($FGR (+1.92%)). These acquisitions are intended to drive a key part of FlixMobility's growth strategy and expand its global presence as a result. This purchase will make the German mobility startup the market leader in the U.S. and it could also be another step towards an IPO.

SAP ($SAP (+0.54%)) - SAP's quarterly revenue is boosted by double-digit growth in the cloud. But the competition of the core product S/4 Hana does not sleep. Europe's largest software company can count on many new customers through its enterprise transformation in the cloud. "Demand is enormous, which has led to a significant acceleration in cloud growth," says Group CEO Christian Klein. However, the company faces major challenges due to high competitive pressure.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

Facebook ($FB2A (+0.02%)) - Facebook has announced a pilot project by its subsidiary Novi (formerly Calibra) in the U.S. and Guatemala. The company is working on a crypto wallet on which the planned stablecoin Diem (formerly Libra), will be stored and made mailable. However, the pilot project will not use Diem, but PAX US dollars (USDP). This is a stablecoin backed by the real US dollar. This is to be securely stored on Coinbase's platform in cooperation with Coinbase ($1QZ (+5.87%)) on their platform. The aim of the project is to make it easier for people to send money (in the form of cryptocurrencies) securely and without financial intermediaries. By using a stablecoin, the users of the wallet should be protected from possible price fluctuations. Facebook is receiving strong criticism from five high-ranking Democratic senators (including former presidential candidate Elizabeth Warren) for this plan. These make it clear that the corporation should not be trusted when it comes to introducing a digital currency. They are calling for an immediate halt to Project Novi.