RBC - Royal Bank of Canada

CA7800871021

RY

RY

Disney ($DIS (-0,71 %) ) and Comcast ($CMCSA (+0,53 %) ) are in final negotiations on the valuation of Hulualthough the two companies have very different estimates. Disney values Hulu at 27.5 billion US dollarswhile Comcast increased the value to over 40 billion US dollars estimates.

Both companies have their valuations RBC Capital ($RY (+2,68 %) ). However, differences in the valuation process have caused the talks to stall, raising the possibility of a legal proceedings increased.

Hulu has 50 million subscribers and is central to Disney's direct-to-consumer strategy and was recently integrated into the Disney+ app. Disney aims to achieve profitability in the streaming segment by the end of the streaming segment while Comcast its focus on its own streaming service Peacock service.

Negotiations continue as both sides await RBC Capital's independent valuation to resolve the ownership dispute to settle the ownership dispute.

The coming week summarized:

Monday:

• New home sales (January)
• Quarterly reports from Workday ($WDAY (-1,32 %) ), Zoom Video Communications ($ZM (-0,5 %) ), Domino's Pizza ($DPZ (+0,27 %) ) and Unity Software ($U (-0,44 %) )

Tuesday:

• Orders for durable goods (January)
• S&P Case-Shiller Home Price Index
• Consumer Confidence (February)
• Quarterly reports from Lowe's ($LOW (+0,59 %) ), ONEOK ($OKE (-0,53 %) ), Bank of Montreal ($BMO (+2,21 %) ), American Tower ($AMT (-3,12 %) ) and AutoZone ($AZO (-1,5 %) )

Wednesday:

• Gross Domestic Product of the USA (first revision of the fourth quarter)
• US trade balance (January)
• Retail inventories (January)
• Wholesale inventories (January)
• Quarterly reports from Salesforce ($CRM (+5,04 %) ), Snowflake ($SNOW (+2,25 %) ), Royal Bank of Canada ($RY (+2,68 %) ), HP ($HPQ (+0,45 %) ), TJX ($TJX (+0,25 %) ), Paramount Global ($PARA (-1,16 %) ) and Monster Beverage Corp. ($MNST (-1,42 %) )

Thursday:

• Personal Consumer Price Index (PCE)
• Initial claims for unemployment benefits
• Pending home sales (January)
• Statements by Atlanta Fed President
  Raphael Bostic, Chicago Fed President Austan Goolsbee and Cleveland Fed President Loretta Mester
• Quarterly reports from Anheuser-Busch InBev ($BUD (-0,44 %) ), Dell Technologies ($DELL (+0,14 %) ), Toronto-Dominion Bank ($TD.PR.P ), Hewlett Packard Enterprise ($HPE (+1,62 %) ) and Best Buy ($BBY (-0,98 %) )

Friday:

• Statements from Dallas Fed President Lorie Logan, Federal Reserve Board Gov. Christopher Waller, Atlanta Fed President Bostic and San Francisco Fed President Mary C. Daly
• Quarterly reports from RadNet ($RDNT (+3,31 %) ), Plug
  Power ($PLUG (-2,3 %) ) and FuboTV ($FUBO )

As an employee in a large bank, I follow news about leading banks on a daily basis. Yesterday I read an article about the preliminary findings of the investigation by the UK competition authority CMA. According to the investigation, Deutsche Bank and 4 other major banks (Citigroup, HSBC, Morgan Stanley and Royal Bank of Canada) colluded in the bond market. Between 2009 and 2013, the banks shared sensitive information on UK government bonds in online Bloomberg chat rooms. Details of prices and trading strategies were shared, ultimately harming the British government and taxpayers.

The $DBK (+1,72 %) escaped a leniency penalty because it informed the CMA of the misconduct. $C (+4,51 %) also applied for leniency, and both banks admitted their involvement. The penalty for Citigroup is reduced. $HSBA (+1,51 %), $MS (+0,94 %) and $RY (+2,68 %) have not admitted any misconduct, and the amount of the potential penalties has not yet been determined.

The CMA's findings are preliminary and investigations are ongoing. Have you heard about the investigations?

Here is the article: https://www.finanzen.net/nachricht/aktien/keine-strafe-deutsche-bank-aktie-klar-im-minus-deutsche-bank-ist-kronzeugin-bei-absprachen-im-britischen-bondmarkt-12490475

Cost price not entered, already sold as at $RY (+2,68 %) sold with 65% plus 2 quarterly dividends (performance over 5 months)

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗨𝗻𝗶𝗹𝗲𝘃𝗲𝗿 𝗯𝗮𝘂𝘁 𝗝𝗼𝗯𝘀 𝗮𝗯 / 𝗞𝗿𝘆𝗽𝘁𝗼𝗱𝗶𝗽 𝗶𝘀𝘁 𝗿𝗲𝗮𝗹 / 𝗛𝗲𝘂𝘁𝗲 𝘃𝗼𝗿 𝗲𝗶𝗻𝗲𝗺 𝗝𝗮𝗵𝗿

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, among others, Microsoft Corporation ($MSFT (+1,09 %)), Johnson & Johnson ($JNJ (-1,21 %)) and Texas Instruments Incorporated ($TXN (+3,02 %)) present their quarterly figures.

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, among others, Royal Bank of Canada ($RY (+2,68 %)) and VSE Corp. ($VSEC (+0,31 %)) are trading ex-dividend.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

Unilever ($ULVR (-0,87 %)) - After Unilever spent the last week spreading a lot of news that shareholders didn't like, things are now looking different. After the activist investor Trian Partners entered Unilever, it was already announced that a massive job cut in management will be completed to speed up decision making in the group. The share rose against the trend yesterday by more than 6%.

GameStop ($GME (-1,24 %)) - At this time a year ago in January 2021, the Gamestop hype was really starting to pick up steam. From January 8, 2021 to January 28, in less than three weeks, the stock price rose 2700 percent to $483 at the time. According to the U.S. Securities and Exchange Commission, 900,000 people were trading Gamestop stock at the end of January. Today, the share is significantly lower at €87.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

The dip in the crypto market is getting bigger. We are now about 50% away from the highs in the crypto market, thus losing more than a $1 trillion USD in market capitalization. Bitcoin is now more than 50% away from the high.

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