Market (@MarketNewsUpdate) en getquin

𝗴𝗲𝘁𝗾𝘂𝗶𝗻 𝗗𝗮𝗶𝗹𝘆 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 𝟭𝟴.𝟬𝟱.𝟮𝟬𝟮𝟮

Hello getquin,

inflation doesn't seem to be stopping either... Target shares are down 25% and with them today are Tencent's quarterly numbers!

𝗘𝘂𝗿𝗼𝗽𝗮🌍:

1. 𝘉𝘳𝘪𝘵𝘪𝘴𝘤𝘩𝘦 𝘐𝘯𝘧𝘭𝘢𝘵𝘪𝘰𝘯 𝘴𝘵𝘦𝘪𝘨𝘵 𝘢𝘶𝘧 40-𝘑𝘢𝘩𝘳𝘦𝘴-𝘏𝘰𝘤𝘩 𝘷𝘰𝘯 9%

The 9% increase in the consumer price index is the highest since records began in 1989, surpassing the annual increase of 8.4% recorded in March 1992 and well above the 7% recorded in March this year. A quarter of Britons have already given up meals as inflationary pressures and the food crisis combine to create what Bank of England Governor Andrew Bailey recently called an "apocalyptic" outlook for consumers.

1€≠1€: https://cnb.cx/3wxQTfj

𝗔𝗺𝗲𝗿𝗶𝗸𝗮 🌎:

2. 𝘛𝘢𝘳𝘨𝘦𝘵-𝘈𝘬𝘵𝘪𝘦𝘯 𝘴𝘪𝘯𝘬𝘦𝘯 𝘶𝘮 25%

Shares of Target $TGT (+3,36 %) fell sharply Wednesday after the company announced that its quarterly earnings were hurt by supply chain issues, higher fuel costs and lower-than-expected sales of consumer products.

The retailer said it is seeing a healthy customer base but a shift to experience-oriented purchases, such as toys for birthday parties and luggage for travel. Target reiterated its sales forecast, which calls for mid-single-digit growth this year and beyond.

🟥 Target, $TGT (+3,36 %) 154,11€ (🔽 -24,86%)

More on Target: https://cnb.cx/3Mn1Xm6

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻:

Tencent $700 (-1,14 %)

EPS: 🟥 2.81 CNY expected vs 2.62 CNY reported; variance: -6.70%

Revenue: 🟥 140.03 billion CNY expected vs 135.47 billion CNY reported; variance: -3.26%

Target $TGT (+3,36 %)

EPS: 🟥 $3.06 expected vs $2.19 reported; variance: -28.53%

Sales: 🟥 $24.48bn expected vs $25.17bn reported; variance: -2.81%

𝗦𝘁𝗼𝗰𝗸𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗮𝘆:

🟩 TOP Fisker $FSR , 10,59(🔼 +5,25%)

🟥 FLOP Target, $TGT (+3,36 %) 154,11€ (🔽 -24,86%)