Valentine's Day + Gamestop to invest in cryptocurrency + Coinbase Global Q4 earnings with revenue increase + Nestle raises dividend despite profit decline + Cisco raises full-year revenue forecast + Producer prices in the US rise more than expected
Meme stock giant Gamestop $GME (-1,75 %)considers investment in Bitcoin$BTC (+0,68 %)
- Gamestop is rumored to be exploring possible investments in bitcoin to expand its financial horizons, according to people with knowledge of the situation who spoke to CNBC.
- Stock rallies strongly.
- https://news.bitcoin.com/de/bericht-behauptet-dass-meme-aktienriese-gamestop-die-zuweisung-von-bitcoin-in-die-schatzkammer-in-erwaegung-zieht/
Coinbase Global $COIN (-7,3 %)Q4 earnings with revenue increase
- Coinbase Global (COIN) on Thursday reported fourth-quarter diluted earnings of $4.68 per share, up from $1.04 a year earlier.
- Analysts polled by FactSet had expected $2.11.
- Revenue for the quarter ended Dec. 31 was $2.27 billion, up from $953.8 million a year earlier.
- Analysts polled by FactSet had expected $1.84 billion.
- The company said it expects first-quarter subscription and services revenue of $685 million to $765 million.
- Shares rose nearly 2% in after-hours trading.
Nestle $NSRGY (+4,01 %)increases dividend despite profit decline
- Nestle, the world's largest food manufacturer, wants to increase its dividend despite the recent difficult times.
- It is to be increased by five centimes to 3.05 francs, the producer of brands such as Kitkat and Nespresso announced in Zurich on Thursday.
- This will be the 29th consecutive increase in the dividend, despite a fall in sales and profits last year.
- The Group recently struggled with weak demand, high costs and the strong Swiss franc.
- Sales fell by 1.8 percent year-on-year to 91.4 billion Swiss francs in 2024.
- Adjusted for exchange rate changes and acquisitions and disposals of business units, however, Nestle grew by 2.2 percent compared to the previous year.
- The so-called organic growth is made up of price adjustments of 1.5 percent and volume increases (RIG) of 0.8 percent.
- Growth was therefore slightly better than experts had expected.
- The dividend is also a tad higher than expected.
- For 2025, the management continues to forecast an improvement in organic sales growth compared to 2024.
- The underlying operating profit margin is expected to be 16.0 percent or higher.
- In the medium term, Nestle wants to return to values of over 17 percent.
- Organic sales growth is expected to be "4 percent plus in a normal business environment".
- As already announced at the Investor Day in November, the Group intends to save around 2.5 billion Swiss francs by the end of 2027.
- The savings will be used to finance higher investments in marketing.
Cisco $CSCO (-0,55 %)raises sales forecast for the full year
- Cisco Systems raised its full-year revenue forecast on Wednesday, banking on higher demand for its cloud networking devices amid a boom in artificial intelligence technology.
- The company expects revenue of between $56 billion and $56.5 billion for fiscal 2025, compared with its previous forecast of $55.3 billion to $56.3 billion.
- Analysts on average expect 55.99 billion dollars, according to data compiled by LSEG.
Producer prices in the USA rise more than expected
- In the USA, producer prices have risen more strongly than expected.
- In January, the prices that manufacturers charge for their goods rose by 3.5 percent year-on-year, according to the US Department of Labor in Washington on Thursday.
- Economists had only expected 3.3 percent.
- The last time the rate was higher was in February 2023, when the core rate, which excludes volatile prices for energy and food, was 3.6 percent in January.
- Economists had expected just 3.3 percent.
- According to economists, the core rate better reflects the price trend.
- Compared to the previous month, producer prices rose by 0.4 percent.
- An increase of 0.3 percent had been expected here.
- The core rate rose by 0.3% month-on-month, as expected.
- Producer prices influence consumer prices, on which the US Federal Reserve bases its monetary policy.
- In January, the inflation rate in the US was 3.0%, above the Fed's inflation target of 2%.
- Inflation has recently proved to be stubborn.
- Economists therefore do not expect further interest rate cuts until the end of the year.
Friday: Stock market dates, economic data, quarterly figures
Valentine's Day, think of your loved ones and not just your shares :)
- ex-dividend of individual stocks
- Siemens EUR 5.20
- Shell 0.72 USD
- Eli Lilly 1.50 USD
- Chevron Corporation 1.71 USD
- 3M USD 0.73
- Amgen USD 2.38
- Starbucks USD 0.61
- Quarterly figures / Company dates USA / Asia
- Untimed: Moderna quarterly figures
- Quarterly figures / Company dates Europe
- 07:00 Safran annual results
- 08:00 Hermes International| Natwest Group annual results
- 11:00 Borussia Dortmund result 1H
- Economic data
11:00 EU: GDP (2nd release) 4Q Eurozone PROGNOSIS: 0.0% yoy/+0.9% yoy 1st release: 0.0% yoy/+0.9% yoy 3rd quarter: +0.4% yoy/+0.9% yoy
14:30 US: Retail Sales January FORECAST: -0.2% yoy previous: +0.4% yoy Retail Sales ex Motor Vehicles FORECAST: +0.3% yoy previous: +0.4% yoy
14:30 US: Import and export prices January import prices PROGNOSE: +0.3% yoy previous: +0.1% yoy
15:15 US: Industrial Production and Capacity Utilization January Industrial Production PROGNOSE: +0.3% yoy previous: +0.9% yoy Capacity utilization PROGNOSE: 77.7% previous: 77.6%
16:00 US: Inventories December FORECAST: -0.1% yoy previous: +0.1% yoy
20:15 US: Fed Dallas President Logan, speech at Southern Methodist University event