$FTCH gained +25% yesterday as the quarterly report was much better than expected.
Question: What do you think: is a further short-term price increase to be expected and is a profit-taking to be realized?
Discussion sur FTCH
Postes
22
2Année·
getquin Daily Summary 04.10.2022
Hello getquin,
we hope you had a relaxing weekend and started well into the slightly shorter week.
Europe🌍:
1. RWE plans to phase out coal in 2030
Energy company RWE plans to bring forward its coal phase-out by eight years to 2030. This emerges from a key points agreement between RWE, the Federal Ministry of Economics and the NRW Ministry of Economics. The traffic light coalition at the federal level aims to bring forward the coal phase-out in Germany, which is scheduled for 2038 at the latest, "ideally" to 2030
Read more: https://bit.ly/3M8z8e2
🟩 $RWE (-0,18 %) 39,59€ (🔼 +2,80%)
2. is Credit Suisse having a Lehman Brothers moment right now?
A sharp drop in the share price of Credit Suisse, a major Swiss bank, is fueling concerns in the financial market. European financial regulators are alarmed about possible contagion risks in the industry. The background to the turbulence is doubts about the financial strength of the institution. The financing of a pending restructuring of the group appears to be questionable.
Read more: https://bit.ly/3C1eoQC
🟩 $CSGN 4,30€ (🔼 +4,37%)
America🌏:
3rd Apple must implement charging cable standard
The iPhone and other Apple devices may have to use a common charger after EU lawmakers approved a rule. The European Parliament has approved the rule, which, if passed, will mean all phones, tablets and cameras sold in the European Union must be equipped with a USB Type-C charging port by the end of 2024. EU lawmakers argue that the rules will reduce waste because consumers won't have to buy a new charger every time they purchase a device. The EU said this will reduce the production and disposal of new chargers.
Read more: https://cnb.cx/3rrshmf
🟩 $AAPL (+1,34 %) 146,80€ (🔼 +2,69%)
Special: Reparation claims from Poland
Germany continues to say no to demands for reparations from Poland. German Foreign Minister Annalena Baerbock rejected the neighboring country's demand for payments in the billions for damages suffered during World War II. Germany will not pay reparations to Poland for damages suffered during World War II. However, she said, legal foundations had been created during the establishment of the EU, and therefore the question of reparations had been "legally clarified." During the meeting with her Polish counterpart Rau, however, Foreign Minister Baerbock also made it clear that Germany's historical responsibility would not end.
Read more: https://bit.ly/3M2On8f
Stocks of the day:
🟩 TOP $FTCH 7,72€ (🔼 +10,62%)
🟥 FLOP $RHM (-0,78 %) 154,00€ (🔽 -4,64%)
🟩 Most searched $TSLA (-4,58 %) , 256,00€ (🔼 +2,67%)
🟩 Most traded $TSLA (-4,58 %) , 256,00€ (🔼 +2,67%)
🟩 S&P500, 3,777.23 (🔼 +2.69%)
🟩 DAX, 12,620.08 (🔼 +3.36%)
🟩 Bitcoin ₿, 20,256.81€ (🔼 +1.45%)
Time: 17:15 CEST
(Maybe not so) Fun Fact:
There is a "pirate exchange" in Somalia where locals can invest in pirate gangs planning kidnapping operations.
66
2Année·
getquin Daily Summary 29.08.2022
Hello getquin,
today the market was not so positive. In addition to news on European stocks, today we have an all-round view with Asia and America. Despite that the market was generally negative, bitcoin was able to perform positively. Have fun reading!
Europe🌍:
1. central bankers cause further price losses for European stocks
European markets fell today while bond yields rose as central bankers' comments fueled concerns about drastic measures to fight inflation despite growing recession risks.
The STOXX 600 index hit a more than one-month low, and interest-rate-sensitive technology stocks also fell 1.8%. The yield on 10-year German debt rose 10 basis points to a two-month high.
Read more: https://reut.rs/3RfaZne
🟥 $SC0C (-0,75 %) €97,08 (🔽 -0,08%)
🟩 10-year German government bonds 1,510% (🔼 +0,118%)
America🌏:
2nd Honda and LG to build EV battery production in U.S.
Honda Motor and LG Energy Solution announced Monday that they will spend $4.4 billion to build a new battery production facility in the United States.
As the industry tries to meet stricter requirements and accelerate the production of zero-emission cars and trucks, this news is the intention of automakers to invest in American production of battery cells for electric vehicles. General Motors, Ford Motor, Rivian Automotive and Hyundai Motor are among the other manufacturers.
Read more: https://reut.rs/3RiL6TD
🟩 $HMC (+0 %) €26,63 (🔼 +0,13%)
Asia🌏:
3rd Chinese tech giants posted worst quarterly growth in their history
Chinese tech giants have had the worst quarter in their history as the sharp slowdown in the world's second-largest economy, fueled by Beijing's strict covid policies, takes its toll. In the second quarter of the year, e-commerce company Alibaba posted its first flat year-on-year revenue growth, and social media and gaming company Tencent reported its first revenue decline in history. JD.com, China's second-largest e-commerce company, posted the slowest revenue growth in its history, while electric vehicle maker Xpeng issued a larger-than-expected loss and a weak forecast. Together, these companies have a market capitalization of more than $770 billion. China's economy grew by only 0.4% in the second quarter, affecting consumer strength and corporate spending in areas such as advertising and cloud computing.
Read more: https://cnb.cx/3Q0e5ul
🟥 $BABA (-2,95 %) €98,20 (🔽 -1,16 %)
🟥 $JD (-1,37 %) €31,20 (🔽 -2,35 %)
🟥 $XPEV (-1,02 %) €18,50(🔽 -2,22 %)
Welt🗺️:
4. Savage plays along with Sony's Playstation
Savage Game Studios will join PlayStation's newly formed Studios Mobile division. Sony announced today that they have reached a definitive agreement to acquire Savage Game Studios. Savage games studio, which was founded as recently as 2020 by veterans from teams at Rockstar, Wargaming, Rovio and Next Games, among others, had raised $4.4 million in seed funding just last year. Savage games works primarily on mobile content, further confirming Sony's focus on expanding their mobile games division.
For all gaming investors: https://bwnews.pr/3QUhaNM
🟥 $SONY (+1,01 %) €81,84 (🔽 -2,41%)
Stocks of the day:
🟩 $PDD (-2,16 %) €67,95 (🔼 +17,56%)
👍 Shares of the China-based e-commerce company rose 17.56% on the stock market after better-than-expected quarterly results. The company said its performance was boosted by a recovery in consumer sentiment.
🟥 $FTCH €10,56 (🔽 -12,62%)
👎 After gaining 17.13% on Friday, Farfetch's shares fell again today by 12.62%. This could be due to the decline to the hype from the partnership with luxury goods manufacturer Richemont (Cartier, Montblanc, A. Lange & Söhne).
🟥 $EUNL (+0,23 %) €74.72 (🔽 -0.52%)
🟥 $TSLA (-4,58 %) €281.30 (🔽 -2.40)
🟥 $SP500TR 4.034,48 (🔽 -0,57 %)
🟥 $GDAXI 12.897,27 (🔽 -0,57 %)
🟩 $BTC (-0,87 %) ₿, €20.266,67 (🔼 +2,91 %)
Time: 18:00 CEST
(Not so) Fun Fact:
If you think we have it bad, Zimbabwe had the worst inflation in the world in 2008. 6.5 sextillion percent in November 2008 only. Again to clarify, a sextillion is a one with 36 zeros! That makes 8% sound a lot better.
2525
2Année·
getquin Daily Summary 26.08.2022
Hello getquin,
today we are on the sporty side and cover among other things the two car manufacturers Porsche and Audi, which will both enter Formula 1. In addition, we have rumors about a purchase of EA by Amazon and the speech of Powell in the Marketnews. Enjoy reading!
Europe🌍:
1st Porsche IPO valuation
Porsche's initial public offering is just around the corner. Bloomberg reported Friday that Porsche has secured investor interest in a deal. Any IPO involves the process of creating a book of buyers of shares. Porsche is a publicly traded company that owns 53.3% of Volkswagen's common stock. The company has long been a supporter of Volkswagen.
The estimate for the IPO, scheduled for September, could be between $60 billion and $85 billion. By comparison, Volkswagen's market value is about $85 billion, so the high end of Porsche's valuation range is equal to VW's entire value.
Read more: https://bit.ly/3wxgIgl
🟩 $PAH3 €67.35 (🔼 +0,39%)
America🌏:
2nd Powell speaks about market situation
On Friday, Powell reiterated his commitment to curbing inflation, while indicating that he expects the Fed to continue raising interest rates in a way that will "somewhat" hurt the U.S. economy. He said the bank will "use its tools decisively" to fight inflation, which is currently stuck at its highest level in 40 years.
Many pundits expected the Fed chairman to strike a tough tone and emphasize the Fed's determination to push inflation back toward its target, although some investors reacted optimistically to remarks that hinted at a possible accommodative stance.
Read more: https://cnb.cx/3wyqizy
3. EA to be acquired by Amazon - or not?
Amazon, among other things, is a big player in the gaming and digital industry and is reportedly planning to make a big statement with the purchase of Electronic Arts, often known as EA. The information comes from GLHF, which says that Amazon will make a public offer to buy the game publisher and developer on August 26, 2022, today.
After initial rumors that Amazon was drafting a bid to buy Electronic Arts, the idea was quickly dismissed, according to CNBC Now's David Faber, who claims that: "It's not going to happen," and confirmed that Amazon will not make a bid for Electronic Arts.
Read more: https://reut.rs/3Tmb768
🟩 $EA (-1,01 %) €135.61 (🔼 +5,35%)
Special🎤:
4. Audi will be part of Formula 1 from 2026 onwards
Audi CEO Markus Duesmann said Friday that the German automaker has officially registered as a Formula One power unit manufacturer.
"If you think about Le Mans, the DTM and Formula E, we have always been very active and very successful. We want to continue this success story in Formula 1," he said.
Audi did not comment on whether it would manage its own team or just provide engines. More information is expected to be released before the end of the year. The Swiss-based Sauber team, now called Alfa Romeo, is expected to be acquired by Audi. Another VW brand, Porsche, is expected to enter Formula 1 as Red Bull's engine partner in 2026.
Read more: https://bit.ly/3clsa7O
🟥 $VOW3 €141,91 (🔽 -0,03%)
Stocks of the day:
🟩 Farfetch $FTCH €12,10 (🔼 +17,13%)
👍 Luxury goods manufacturer Richemont (Cartier, Montblanc, A. Lange & Söhne) has long been looking for partners for its online fashion retailer Yoox-Net-a-Porter and has finally found Farfetch and the investment firm Alabbar. The latter took over the majority of Yoox-Net-a-Porter.
🟥 Dell $DELL (+2,56 %) €43,25 (🔽 -10,32%)
👎 Dell reported July quarter earnings that beat Wall Street estimates, but also noted that there are growing signs that customers are becoming more cautious in a difficult economic environment. Dell lowered its outlook for the full year and the stock fell sharply in after-hours trading.
🟥 Most searched: Tesla $TSLA (-4,58 %) €292,70 (🔽 -1,35%)
🟥 Most searched: Tesla $TSLA (-4,58 %) €292,70 (🔽 -1,35%)
🟥 S&P500, 4.129,05 (🔽 -1,67%)
🟥 DAX, 13.026,46 (🔽 -1,85%)
🟥 Bitcoin ₿, €21.125,03 (🔽 -2,44%)
Time: 17:30 CEST
Fun Fact:
One of the smallest economies with its own U.S.-listed ETF is Israel. The ETF is traded under the ticker symbol $ECILC.E traded.
1919
1 Commentaire
Looking forward to Formula 1 with Audi/Porsche.
•
66
•2Année·
getquin Daily Summary 08/24/2022
Hey getquin,
we hope you all made it through the first half of the week. Today was a quiet day except for a few news. As always, we hope you enjoy reading:
America🌏:
1st Amazon 🤝 Peloton
Peloton $PTON (+0,79 %) and Amazon$AMZN (+0,26 %) have reached an agreement that Peloton will sell its gear and apparel through Amazon, according to CNBC. Peloton's stock surged after the announcement.
CNBC: https://cnb.cx/3pFpbtR
🟩$PTON (+0,79 %) €13,15 (🔼 +12,74%)
2. $364 million for bill.
California's sports betting bill received $364 million in support from casinos, Native American tribes, and other interested parties. That's the largest amount ever spent on a state ballot measure to legalize, shape or prevent it, according to Bloomberg. One of the proposals for legalization would include a 10% tax on betting revenue and a $100 million licensing fee per operator.
What do you guys think about this, should something like this be legal?
Go here to Bloomberg: https://bloom.bg/3pHSFHS
World 🗺:
3rd Daimler instead of Rivian & Nikola ?
Daimler and Google subsidiary Waymo are currently testing an electric truck in Tesla's hometown of Texas. On Tuesday, at the press conference of both companies, it was announced that Daimler's electric trucks will drive independently under the name "Freightliner". This form of driving is also called "Level 4." According to both companies, the tests are to start in a few weeks. Why the USA of all places? According to recent estimates, there is a shortage of 80,000 drivers in the U.S., which may be the reason for Daimler's interest.
Read more here: https://bit.ly/3cipzvr
🟥 Mercedes-Benz Group $MBG (-0,07 %) , €56,02 (-1,49%)
What we will look at tomorrow👀:
- NVIDIA Earning Calls
- AutoDesk Earning Calls
- Salesforce Earning Calls
- Royal Bank of Canada Earning Calls
Stocks of the day:
🟩 TOP: Farfetch$FTCH c $9,61 (🔼 +22,26%)
👍 Farfetch announced to acquire 47.5% of Yoox
🟥 FLOP: Nordstrom Inc. $JWN (+0,64 %) , $18,75 (🔽 -19,18%)
👎 Cut full-year earnings guidance.
🟥 Most searched: Allianz $ALV (-0,66 %) , €172,60 (🔽 -0,58%)
🟩 Most traded: Bed Bath & Beyond$BBBY , €10.06 (🔼 14.80%) (68.9M vol.)
🟩 S&P500, 4,137.52Pkt (🔼 +0.21%)
🟩 DAX, 13,228.12Pkt (🔼 +0.24%)
🟥 Bitcoin ₿, €21,532.88 (🔽 -0.25%)
Time: 17:30 CEST
Investors 101: Market capitalization (market cap).
Market cap refers to the total dollar market value of a company's outstanding shares. The investment community uses this number to determine the size of a company, rather than sales figures or total assets. In a takeover, market capitalization is used to determine whether or not a takeover candidate represents a good value for the acquirer.
#marketnews #marketnewsupdate
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