Commercial Metal

Here is a summary of important economic events for next week:

Monday

• Dallas Fed President Logan speaks at 9:00
  Clock.

• Fed Gov. Jefferson speaks at 12:50 p.m.

Tuesday

• PepsiCo ($PEP (-0,38 %) ) and Neogen Corp.. ($NEOG (+6,76 %) ) publish their quarterly reports.

• The NFIB Business Optimism Index for September is published.

• Publication of the Consumer Inflation Expectations for September.

• Publication of wholesale inventories for August.

• The first day of the Amazon Prime Big Deal Days event.

Wednesday

• Publication of the Producer Price Index
  (PPI) for September.

• Publication of the Meeting Minutes of the FOMC meeting.

• The second day of the Amazon Prime Big Deal Days event.

Thursday

• Companies like Infosys Ltd. ($INFY (+1,75 %) ), Fastenal Co.. ($FAST (+2,38 %) ), Delta Air Lines ($DAL (+5,05 %) ), Walgreens Boots Alliance ($WBA (+0,1 %) ), Domino's Pizza ($DPZ (+3,23 %) ) and Commercial Metals Co. ($CMC (+2,5 %) ) publish their quarterly reports.

• Publication of the Consumer Price Index
  (CPI) for September.

• Publication of the inflation rate in China for September.

• Publication of the trade balance from China for September.

Friday

• Companies like UnitedHealth Group ($UNH (+3,35 %) ), JPMorgan Chase ($JPM (+1,68 %) ), BlackRock ($BLK ), Progressive Corp. ($PRG (+0,79 %) ), Citigroup ($C (+2,34 %) ), Wells Fargo ($WFC (+2,18 %) ) and PNC Financial Services ($PNC (+2,62 %) ) publish their quarterly reports.

• Publication of the Michigan Consumer Sentiment Index (preliminary reading) for October.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗜𝗣𝗢𝘀 🔔

Volvo Cars has had to scale back its ambitions. The carmaker, owned by the Chinese group ($GRU (-2,12 %)), will be listed on the Stockholm stock exchange on October 29 at a price of 53 Swedish kronor (5.3 euros) per share. On the occasion of this IPO, Volvo Cars should raise gross proceeds of about 20 billion Swedish kronor (2 billion euros), while it was previously expected to raise about 25 billion kronor

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

Ex-dividend date: Antero Midstream ( $AM (+2,17 %) ), Clorox ($CXX (+0,9 %)), AptarGroup, Inc ( $AGT (+1,01 %) ), Commercial Metals Company ( $CMS (+2,5 %) ), Krispy Kreme, Inc ( $9YM (+0 %) ), Entegris, Inc ( $ENQ (+1,68 %) ), Infosys Technologies ( $IOY (+1,75 %) ) und Prospect Capital ( $RK8 (+2,53 %) )

𝗖𝗵𝗶𝗳𝗳𝗿𝗲𝘀 𝘁𝗿𝗶𝗺𝗲𝘀𝘁𝗿𝗶𝗲𝗹𝘀 📈

Today 3M ( $MMM (-0,05 %) ), Aphabet ( $ABEA (+3,98 %) ), Canon ( $CNNA (+0 %) ), Capital One ( $CFX (+3,27 %) ), General Electric ( $GCP (+1,82 %) ), Hasbro ( $HAS (+2,21 %) ), Hitachi Construction Machinery ( $HTCMY ), IDEX ( $ID7 (+2,13 %) ), Lockheed Martin Corp ( $LOM (+1,37 %) ), Logitech ( $LTEC (+1,46 %) ), Microsoft ( $MSF (+0,93 %) ), Novartis ( $NOTA (+0,97 %) ), Texas Instruments ( $TII (+0,9 %) ), Twitter ( $TWR ), UBS ( $UBRA (+2,72 %) ), UPS ( $UPAB (+1,84 %)) and Visa ( $3V64 (+1,56 %) ) present their figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

Tesla ( TL0) - After the car rental company "Hertz" ordered 100,000 Tesla electric cars by the end of 2022, Tesla's stock price reached a level of more than 1,000 US dollars. This transaction brought Tesla's stock value to more than US$1 trillion. By May 2021, the stock was still below 600 euros.

Automotive industry: The German automotive industry is now facing a shortage of magnesium. Magnesium is mainly needed for the alloying of aluminum. The supply shortage is due to energy saving measures in China, which have resulted in a reduction of magnesium production. China's market share, which represents 95% of European magnesium supply, is problematic. Some companies only have magnesium stocks until November, so experts are warning of a possible production shutdown.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

MasterCard () - In collaboration with Bakkt, the payment service provider is integrating crypto-currencies into its system. This would allow more than 2 billion customers to access a wide range of cryptocurrencies and they could even earn additional rewards in bitcoin or similar.

In this context, Bakkt will take over the custody of crypto assets. Since the announcement of this project, Bakkt's share price has already increased by about 470%.

Crypto-currency fraud campaign - YouTube channels are currently being hijacked by hacking creators with fake cooperation requests, according to Threat Analysis Group. After the channels are taken over, they are either sold or used for livestreaming crypto-currency fraud. This campaign can be attributed to a group of Russian hackers.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗗𝗲𝗿 𝗖𝗹𝘂𝗯 𝗱𝗲𝗿 𝗕𝗶𝗹𝗹𝗶𝗼𝗻𝗲𝗻 / 𝗜𝗺 𝗩𝗮𝗸𝘂𝘂𝗺 𝗱𝗲𝘀 𝗖𝗵𝗶𝗽𝗺𝗮𝗻𝗴𝗲𝗹𝘀 / 𝗦𝗰𝗮𝗺 𝗖𝗼𝗶𝗻𝘀 𝗼𝗻 𝗬𝗼𝘂𝗧𝘂𝗯𝗲

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, Antero Midstream ($AM (+2,17 %)), Clorox ($CXX (+0,9 %)), AptarGroup Inc ($AGT (+1,01 %)), Commercial Metals Company ($CMS (+2,5 %)), Krispy Kreme Inc. ($9YM (+0 %)), Entegris Inc ($ENQ (+1,68 %)), Infosys Technologies ($IOY (+1,75 %)) and Prospect Capital ($RK8 (+2,53 %)) traded ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, 3M ($MMM (-0,05 %)), Aphabet ($ABEA (+3,98 %)), Canon ($CNNA (+0 %)), Capital One ($CFX (+3,27 %)), General Electric ($GCP (+1,82 %)), Hasbro ($HAS (+2,21 %)), Hitachi Construction Machinery ($HCM (+0,74 %)), IDEX ($ID7 (+2,13 %)), Juniper Networks Inc. ($JNP (+1,11 %)), Lockheed Martin Corp. ($LOM (+1,37 %)), Logitech ($LOGN), Microsoft ($MSF (+0,93 %)), Novartis ($NOTA (+0,97 %)), Texas Instruments ($TII (+0,9 %)), Twitter ($TWR), UBS ($UBRA (+2,72 %)), UPS ($UPAB (+1,84 %)), Visa ($3V64 (+1,56 %)) and WH Group ($WHGLY) presented their figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

Tesla ($TL0 (+6,14 %)) - After car rental company "Hertz" ordered 100,000 Tesla electric cars by the end of 2022, Tesla's stock price rose to a record level of over $1,000. This deal has increased Tesla's stock value to over one trillion US dollars. In May 2021, the the security was still below 600 US dollars. Tesla posted a profit of US$1.62 billion in the third quarter, a year-on-year increase of 389 percent. Tesla is thus in the club of companies with a market capitalization of over one trillion US dollars. Apple ($APC (+2,14 %)), with a market capitalization of 2.5 trillion U.S. dollars, is alongside Microsoft ($MSF (+0,93 %)), Alphabet ($ABEA (+3,98 %)) and Amazon ($AMZ (+3,59 %)) are the leaders in this club.

Pfeiffer Vacuum ($PFV (-0,31 %)) - Due to high demand from chip manufacturers, vacuum pump specialist Pfeiffer Vacuum is able to benefit and is again raising its forecast. The company now anticipates sales of between €730 million and €750 million for the fiscal year. Previously, sales of between €710 and €730 million had been anticipated. The renewed increase in the sales forecast is due to the record order backlog. The margin for earnings before interest and taxes is expected to be between 12 and 13 percent. Pfeiffer has been particularly buoyed by high demand from the semiconductor industry over the past nine months. Due to the worldwide chip shortage, chip companies are currently expanding their capacities. To this end, the vacuum pumps manufactured by Pfeiffer are also in very strong demand.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

MasterCard ($M41 (+1,49 %)) - Together with Bakkt, the payment service provider is building cryptocurrencies into its system. As a result, more than 2 billion customers would have access to a wide variety of cryptos and can even earn rewards in Bitcoin or the like on top of that.

In this context, Bakkt will take over the custody of crypto assets. Since the announcement of this venture, Bakkt's share price has already risen by about 470%.

Crypto Fraud Campaign - According to Threat Analysis Group, Youtube channels are currently being hijacked by hacking the creators with fake cooperation requests. After the channels are taken over, they are either sold or used for crypto fraud by distributing it via livestream. This campaign is said to be attributed to a group of Russian hackers.

𝗔𝗹𝗹𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 𝗴𝗶𝗯𝘁 𝗲𝘀 𝗮𝗯 𝗷𝗲𝘁𝘇𝘁 𝗮𝘂𝗰𝗵 𝗮𝘂𝗳 𝗙𝗿𝗮𝗻𝘇ö𝘀𝗶𝘀𝗰𝗵

Likes to follow @MarketNewsUpdateFR 📈🚀