DATA MODUL AG

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗜𝗣𝗢𝘀 🔔

Stepstone - Axel Springer ( $AXELF ) plans to continue preparations for the initial public offering of the job portal Stepstone. Goldman Sachs ( $GOS (+0,56 %) ) and Morgan Stanley ( $DWD (+0,74 %) ) have been selected to lead the transaction, which could take place in the second quarter of 2022. As part of the offering, Stepstone could be valued at approximately seven billion euros. This would correspond to 25 times the operating profit (EBITDA) of approximately 300 million euros projected for 2023. The job portal has been performing very well recently and has posted annual growth of 20% over the past ten years.

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

Ex-dividend date: Apple Inc. ( $APC (+0,49 %) ), AmeriServ Financial Inc. ( $ASRV ), Brink’s ( $PTY (+0 %) ), Clarus ( $BDO (+0,61 %) ), Core Laboratories ( $CEI ), Federated Hermes ( $3KC (-0,46 %) ), First Interstate BancSystem ( $4FB (-0,31 %) ), W. W. Grainger ( $GWW (+0,53 %) ), Janus Henderson ( $HDJA ), Lazard ( $LAZ ), Louisiana Pacific ( $LP3 (-0,19 %) ), US Steel ( $USX1 ) and Xilinx ( $XIX ).

𝗖𝗵𝗶𝗳𝗳𝗿𝗲𝘀 𝘁𝗿𝗶𝗺𝗲𝘀𝘁𝗿𝗶𝗲𝗹𝘀📈

Today, 11,880 Solutions ( $TGT (+2,96 %) ), Andritz AG ( $AZ2 (-0,86 %) ), Amadeus IT Group ( $AI3A (+2,17 %) ), Asahi Kasei ( $ASAA (+0,07 %) ), Berkshire Hathaway ( $BRYN (+0,47 %) ), Data Modul ( $DAM (+0,36 %) ), GS Yuasa ( $G9Y (+0,68 %) ), Honda ( $HDMA (+0 %) ), Johnson Controls ( $TYIA (+0 %) ), Kikkoman ( $KIK (+0 %) ), Kobe Steel ( $KST (+0,41 %) ), Krones AG ( $KRN (-0,52 %) ), Mitsubishi ( $MBI (-1,06 %) ), Nippon Paper Industries ( $9NI (+0,33 %) ), Olympus ( $OCPNY ), Rheinmetall ( $RHM (+0,19 %) ), Sempra Energy ( $SE4 (-0,01 %) ), TLG Immobilien ( $TLG ) and Uniper ( $UN01 ) are reporting their earnings.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

United Internet ( $UTDI (-0,68 %) ) - Ralph Dommermuth wants to buy United Internet for 35 euros per share. This would give him more than half of the Internet group. The investor intends to acquire 17 million United Internet shares, either through an existing company or a new company he controls. The share price, which was nearly 37 euros in September, had fallen by about 5 euros by the end of October. United Internet had announced in mid-September that it intended to terminate its share buyback program early due to low trading volumes. However, it is not yet certain that Dommermuth will actually acquire the company.

Peloton ( $2ON (-0,42 %) ) — The surge in demand for exercise bikes driven by the COVID-19 pandemic has come to an end. Last quarter, the fitness equipment manufacturer reported a loss of $376 million. This forced Peloton to lower its revenue forecasts for the current fiscal year and its subscriber growth projections. Investors reacted immediately, and the stock price plummeted by about 33% in a single day.

Varta ( $VAR1 ) - The battery manufacturer lowered its sales forecast for the current fiscal year due to production difficulties at certain suppliers. In response, the stock price fell by about 19%.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

New York City - New York’s new mayor (a Democrat), Eric Adams, discussed in an interview—one day after his official election—his plan to introduce a coin for the city. This is intended to be one of the first steps in transforming New York into a cryptocurrency-friendly city. In addition, he announced that he would like to receive his first three paychecks in cryptocurrency. He has also already met with Miami Mayor Francis Suarez, who is known for his positive stance on cryptocurrencies and who, last week, also requested that 100% of his salary be paid in Bitcoin. Miami already has its own City Coin, which is indeed very popular. Francis and Adams have now decided to engage in a friendly competition to see which of the two cities can demonstrate the most progress in the crypto space. Adams’ goal is for New York to maintain its reputation as a financial capital in the age of cryptocurrencies.

Commonwealth Bank ( $CWW (-2,03 %) ) — Australia’s largest bank announced yesterday that it is working to make Bitcoin and other cryptocurrencies tradable for its customers in the coming weeks. In addition, the bank stated that it also plans to offer customers the option to store cryptocurrencies with the bank. Initially, only Bitcoin ($BTC-EUR), Bitcoin Cash ($BCH-EUR), Ethereum ($ETH-USD), and Litecoin ($LTC-EUR) will be available. The rollout will be carried out in collaboration with Gemini, a U.S. company specializing in crypto-asset custody. The Commonwealth Bank is by far the largest financial institution on the continent, with total assets of $688.4 billion, so this news represents a major step forward for the crypto industry.

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𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗦𝘁𝗲𝗽𝘀𝘁𝗼𝗻𝗲𝘀 𝗜𝗣𝗢 / Electric in Kelle𝗿 / 𝗟𝗲𝗲𝗿𝗲 𝗕𝗮𝘁𝘁𝗲𝗿𝗶𝗲 / Hired in Krypto

𝗜𝗣𝗢𝘀 🔔

Stepstone - Axel Springer ($AXELF) aims to move forward with preparations for an initial public offering of the job portal Stepstone. Goldman Sachs ($GOS (+0,56 %)) and Morgan Stanley ($DWD (+0,74 %)) have been selected to lead the transaction, which could take place in the second quarter of 2022. In the IPO, Stepstone could be valued at around seven billion EUR. That would correspond to 25 times the operating profit (EBITDA) of approximately 300 million EUR expected for 2023. The job portal’s business has been performing very well recently, and it has posted annual growth of 20 percent over the past ten years.

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

Starting today, Apple Inc. ($APC (+0,49 %)), AmeriServ Financial Inc. ($ASRV), Brink’s ($PTY (+0 %)), Clarus ($BDO (+0,61 %)), Core Laboratories ($CEI), Federated Hermes ($3KC (-0,46 %)), First Interstate BancSystem ($4FB (-0,31 %)), W. W. Grainger ($GWW (+0,53 %)), Janus Henderson ($HDJ), Lazard ($LAZ), Louisiana Pacific ($LP3 (-0,19 %)), U.S. Steel ($USX1), and Xilinx ($XIX) are trading ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, 11880 Solutions ($TGT (+2,96 %)), Andritz AG ($AZ2 (-0,86 %)), Amadeus IT Group ($AI3A (+2,17 %)), artnet ($ART), Asahi Kasei ($ASAA (+0,07 %)), Berkshire Hathaway ($BRYN (+0,47 %)), Chiyoda Kakō Kensetsu ($CYA (-0,52 %)), Data Modul ($DAM (+0,36 %)), GS Yuasa ($G9Y (+0,68 %)), Honda ($HDMA (+0 %)), Johnson Controls ($TYIA (+0 %)), Kikkoman ($KIK (+0 %)), Kobe Steel ($KST (+0,41 %)), Krones AG ($KRN (-0,52 %)), Mitsubishi ($MBI (-1,06 %)), Nippon Paper Industries ($9NI (+0,33 %)), Olympus ($OCPNY), Rheinmetall ($RHM (+0,19 %)), Sempra Energy ($SE4 (-0,01 %)), TLG Immobilien ($TLG) and Uniper ($UN01) are reporting their earnings.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

United Internet ($UTDI (-0,68 %)) - Ralph Dommermuth is seeking to acquire United Internet for 35 EUR per share. This would give him ownership of more than half of the internet group. The executive intends to acquire 17 million United Internet shares through either an existing company or a new entity he controls. The share price, which stood at nearly 37 EUR in September, had fallen by about 5 EUR by the end of October. United Internet had announced in mid-September that it intended to end its share buyback program early due to low trading volumes. However, it remains uncertain whether Dommermuth’s purchase will actually go through.

Peloton ($2ON (-0,42 %)) — The boom in home exercise bikes driven by the COVID-19 crisis is over. In the last quarter, the fitness equipment manufacturer posted a loss of $376 million. As a result, Peloton lowered both its revenue forecast for the current fiscal year and its subscriber growth projection. Investors reacted immediately, and the stock fell by approximately 33% over the course of a single day.

Varta ($VAR1) - The battery company lowered its revenue forecast for the current fiscal year due to production difficulties at some suppliers. In response, the stock plummeted by about 19 percent.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

New York City - One day after his official election, New York’s newly elected mayor (Democrat) Eric Adams spoke in an interview about his plans to introduce a “City Coin” for the city. This is intended to be one of the first steps toward transforming New York into a crypto-friendly city. He also announced his intention to receive his first three paychecks in the form of cryptocurrencies. He also mentioned that he has already spoken with Miami Mayor Francis Suarez, who is known for his positive stance on cryptocurrencies and who last week also called for his salary to be paid 100% in Bitcoin. Miami already has its own city coin, which is indeed very popular. Francis and Adams have now decided to engage in a friendly competition to see which of the two cities can make greater progress in the crypto sector. Adams’ goal is for New York to maintain its reputation as the financial capital even in the age of cryptocurrencies.

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