Market (@MarketNewsUpdate) en getquin

𝗴𝗲𝘁𝗾𝘂𝗶𝗻 𝗗𝗮𝗶𝗹𝘆 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 𝟭𝟮.𝟬𝟱.𝟮𝟬𝟮𝟮

Hello getquin,

Siemens exits Russia, SoftBank cuts investments and GM hits weekly low 📉. How was your day like? What does your portfolio say?

𝗘𝘂𝗿𝗼𝗽𝗮🌍:

1. Siemens leaves Russia

Siemens $SIE (+0,17 %) will withdraw from the Russian market due to the war in Ukraine after operating there for 170 years. This will cost the company 600 million euros in damages in the second quarter, and it won't stop there.

🟥 $SIE (+0,17 %) Siemens AG (🔽-2.00%)

https://reut.rs/3svl8lE

𝗔𝘀𝗶𝗲𝗻🌏:

2. SoftBank could cut investments in startups

According to Masayoshi Son, CEO of SoftBank. $9984 (+0,06 %) , it could cut investments in startups by more than half this fiscal year. SoftBank $9984 (+0,06 %) is very cautious about opportunities in private markets given the global economic slowdown and the weak performance of the Japanese conglomerate.

🟥 $9984 (+0,06 %) SoftBank Group Corp. (🔽-5.44%)

https://tcrn.ch/3FEKHX8

𝗔𝗺𝗲𝗿𝗶𝗸𝗮🌎:

3rd GM stock hits new 52-week low

Following a ratings downgrade by Wells Fargo. $WFC (-0,39 %) , shares of General Motors opened $GM (+0,27 %) at a 52-week low and the lowest level since November 2020. With this downgrade, the price target also dropped from $74 per share to $33 per share.

🟥 $GM (+0,27 %) General Motors Corp. (🔽-3.88%)

https://reut.rs/3L4mhax

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻🗣:

1. Walt Disney Co $DIS (-0,6 %)

🟥 EPS: $1.08 vs $1.19 expected (-9.09%)

🟥 Revenue: $19.25bn vs $20.04bn expected (-3.94%)

2. BT Group $BT.A (-0,57 %)

🟦 EPS: £0.0454 vs £0.0454 expected (0% - match)

🟥 Revenue: £5.37bn vs £5.44bn expected (-1.31%)

𝗦𝘁𝗼𝗰𝗸𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗮𝘆🔔:

🟩 TOP, $NVAX (-0,95 %) Novavax Inc (🔼+9.55%).

🟥 FLOP, $BMW (-1,16 %) BMW Group (🔽-7.88%)