𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️
𝗕𝗲𝗮𝘂𝘁𝘆 𝗶𝗻 𝗜𝗻𝗱𝗶𝗮 / 𝗣𝗲𝗽𝗽𝗲𝗿𝘀 𝗻𝗲𝘂𝗲𝗿 𝗕𝗲𝘀𝗶𝘁𝘇𝗲𝗿 / 𝗭𝗮𝗵𝗹𝘂𝗻𝗴𝘀𝗮𝘂𝘀𝗳𝗮𝗹𝗹 𝗴𝗲𝘀𝘁𝗼𝗽𝗽𝘁 / 𝗕𝗶𝘁𝗰𝗼𝗶𝗻-ETF boom
IPOs 🔔
Nykaa - On October 28, the Indian company FSN E-Commerce Ventures, the parent company of India’s largest cosmetics retailer Nykaa, plans to go public and is aiming for a valuation of $7.4 billion. A total of 41,972,660 shares will be available for sale by November 1. Nykaa was founded in 2012 and already has 1,500 beauty brands in its portfolio.
𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅
Starting today, Caterpillar Inc. ($CAT1 (+1,47 %)), Kaiser Aluminum Corp. ($KLU1 (+0 %)), Pmbina Pipeline Corp. ($P5P (+1,48 %)), The RMR Group Inc. ($PMR (-1,2 %)), Simulations Plus, Inc. ($SD3), and SM Energy Company ($SJL (+0 %)) are trading ex-dividend.
𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈
Today, American Express ($AEC1 (+0,13 %)), BB Biotech ($BBZA (+2,99 %)), Chugai Pharmaceutical Co., Ltd. ($CUP (+5,8 %)), Honeywell ($ALD), Reliance Industries Ltd. ($RLI (+0,62 %)), Roper Industries Inc. ($ROP (-0,08 %)), Schlumberger ($SCL (+0,36 %)), and V.F. Corp. ($VFP (+1,41 %)) are reporting their earnings.
𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️
SoftBank ($SFT (+2,63 %)) — According to insiders, Japanese technology investor SoftBank is in talks with the German company United Robotics regarding the purchase of its French robotics business centered on the humanoid robot Pepper. The Bochum-based company United Robotics already collaborates with SoftBank and distributes its Pepper and Nao robots in Europe. Neither company has issued an official statement regarding the takeover rumors.
Evergrande ($EV1) - Just before the deadline, the Chinese real estate group Evergrande managed to make an interest payment worth millions. A total of $83.5 million was transferred to bondholders. As a result, the stock price temporarily rose by more than seven percent. So far in 2021, the stock has lost more than 80 percent of its value. However, additional interest payments are due soon. The next grace period for a bond expires on October 29. To be able to pay banks, suppliers, and bondholders on time, Evergrande must therefore continue to raise funds.
𝗖𝗿𝘆𝗽𝘁𝗼 💎
ProShares Bitcoin Strategy ETF Update – The ETF is so extremely popular that there is now a risk it is on track to reach the existing futures limit. One way to address this bottleneck would be to extend the investment contracts. However, this carries the risk that the fund will diverge too much from the actual Bitcoin price and will no longer track it one-to-one. The ETF created by ProShares was the first fund ever to reach more than one billion U.S. dollars in assets under management within just two days.
Solana ($SOL/EUR (-1,83 %)) – One of the strongest performers in recent days was once again SOL, the cryptocurrency of the Solana blockchain. After a 36.8% increase over the past seven days, the current price of SOL stands at $205.28, resulting in a market capitalization of $61.56 billion. SOL has thus overtaken Ripple’s XRP ($21XX (+4,83 %)) and takes sixth place among the world’s largest cryptocurrencies. One of the main reasons for SOL’s strong growth is likely the booming DeFi (Decentralized Finance) sector on the Solana blockchain. Solana differs from other blockchains, such as Ethereum or the Binance Smart Chain, due to its incredible speed and extremely low transaction fees.
