$UBER (+1,56 %)
$DASH (+2,48 %)

Uber buys a majority stake in the Turkish food delivery service Trendyol GO for 700 million US dollars and expands its business portfolio.

The US service provider Uber has announced that it is acquiring an 85 percent majority stake in the Turkish food delivery platform Trendyol for 700 million US dollars, which is currently controlled by the Chinese e-commerce giant Alibaba. According to observers, the move, which was reported by various media on Tuesday, is an attempt by Uber to tap into new growth markets.

The Trendyol Group is one of Turkey's largest e-commerce platforms. With Trendyol Go, it operates an app-based delivery service for food and groceries that serves customers nationwide and delivers food and meals from over 90,000 restaurants and markets via 19,000 couriers, according to the Reuters news agency. Trendyol Go delivered more than 200 million orders in 2024 and generated gross sales of around two billion US dollars - an increase of more than 50 percent compared to the previous year.

According to the news agency Bloomberg, the transaction will be settled in cash and without incurring debt. This was announced by Uber in a report to the US Securities and Exchange Commission (SEC) on Tuesday. If the authority gives the green light, the transaction should be completed in the second half of the year, according to the report. The Trendyol Go app will then continue to be available to customers, dealers and couriers as a separate service. However, according to Reuters, Uber plans to integrate functions of its delivery service Uber Eats over time.

Expansion of the business portfolio

Although Uber dominates the US market with its ride-hailing service, it is reaching the limits of its growth there. The US company is therefore trying to expand its business portfolio and tap into new markets. In mid-April, Uber announced that it would be bringing self-driving cars onto the roads in the USA from 2026 in collaboration with Volkswagen.

However, Uber withdrew its 950 million US dollar offer for the Taiwan business of Delivery Hero subsidiary Foodpanda a few weeks ago due to regulatory hurdles. Among other things, the government in Taipei had expressed competition concerns. Delivery Hero will probably retain its business in Southeast Asia. And Uber has now set its sights on the Turkish market with the Trendyol takeover.

It was also announced on Tuesday that the US food delivery service and Uber competitor DoorDash wants to take over the British company Deliveroo for 2.9 billion British pounds (3.4 billion euros). The boards of directors of both companies have agreed on the deal.

https://www.heise.de/news/Uber-uebernimmt-den-tuerkischen-Lieferdienst-Trendyol-10374124.html

The British food delivery service Deliveroo $ROO (-1,43 %) has officially confirmed that a takeover bid from US competitor DoorDash $DASH (+2,48 %) is on the table. This rumor had been floating around since last year, when earlier talks about a potential purchase stalled due to differing views on the company's valuation. Negotiations were broken off in May 2022, but the current offer could breathe new life into the discussions. A merger between these two heavyweights in the food delivery industry could not only shake up market shares, but also set new standards in the delivery services industry. The question remains as to how the two companies will react to their previous differences and whether they can now develop a common vision for the future.

In the USA, Volkswagen $VOW3 (-0,96 %)-CEO Oliver Blume caused a stir by questioning the planned end of new combustion cars in 2035. In a revealing interview, Blume expressed his approval of a proposal from the EU Commission that envisages a three-year compensation mechanism for the CO₂ fleet targets from 2025 to 2027. This concept could give manufacturers more leeway to achieve their CO₂ targets without losing valuable savings. Blume emphasized that politicians urgently need to provide more support in order to really master the challenges associated with the upcoming milestones. Given the changing framework conditions in the automotive industry and the focus on sustainability, how these discussions develop and what role the company will play in them could be crucial for Volkswagen.

Sources:

https://www.spiegel.de/wirtschaft/unternehmen/deliveroo-bestaetigt-uebernahmeangebot-von-doordash-a-593890ba-05f9-4818-81f0-127be36898d5

https://www.spiegel.de/wirtschaft/unternehmen/vw-chef-oliver-blume-stellt-aus-fuer-neue-verbrennerautos-im-jahr-2035-infrage-a-93f98987-a454-4d80-9722-37009fd5aef8

Aftermarket after quarterly figures

+21% Carvana $CVNA (+0,79 %)

+11% Twilio $TWLO (+1,5 %)

+9% Sprouts Farmers Market $SFM (+4,45 %)

+7% Booking $BKNG (+1,52 %)

+7% Paycom Software

+5% Allstate

+4% Transocean

+3% Clorox $CLX (+1,25 %)

+2% KLA $KLAC (-1,45 %)

+1% Starbucks $SBUX (-1,76 %)

+1% Omega Healthcare

+0% Microsoft $MSFT (+0,27 %)

-1% Amgen

-1% DoorDash $DASH (+2,48 %)

-1% AFLAC

-1% Public Storage

-2% Equinix

-3% Meta $META (-0,65 %)

-4% MicroStrategy $MSTR (+0,6 %)

-4% Coinbase $COIN (+7,99 %)

-6% MetLife

-6% MGM Resorts

-6% Riot Platforms $RIOT (+5,16 %)

-7% eBay $EBAY (+1,73 %)

-7% Ventas

-9% Robinhood Markets $HOOD (+1,03 %)

-10% Roku

-11% Monolithic Power Systems

-13% Aurora Innovation

#aktien
#börse
#earnings#quartalszahlen

Upcoming events for next week:

Monday:

• Arista Networks Inc. ($ANET ) and Cadence Design Systems Inc. ($CDNS (+0,6 %) ) report quarterly figures before.
• Monthly US federal budget statement (January).

Tuesday:

• Quarterly figures from Coca-Cola ($KO (+0,9 %) ), Moody's Corp. ($MCO (+0,46 %) ), Shopify Inc. ($SHOP (+0,04 %) ), Airbnb Inc. ($ABNB (-0,04 %) ) and Marriott International Inc. ($MAR (-0,32 %) ).
• Consumer Price Index (CPI) (January).

Wednesday:

• Quarterly figures from Cisco ($CSCO (-1,29 %) ), Sony Group Corp. ($6758 (-0,52 %) ) and Kraft Heinz Co. ($KHC (+1,02 %) ).

Thursday:

• Quarterly figures of Applied Materials Inc. ($AMAT (-0,59 %) ), Stellantis ($STLAM (+0,81 %) ), Occidental Petroleum Corp. ($OXY (-0,67 %) ), John Deere & Co. ($DE (+3,12 %) ), DoorDash Inc. ($DASH (+2,48 %) ), CBRE Group Inc. ($CBRE (+0,86 %) ), Coinbase Global Inc. ($COIN (-0 %) ) and DraftKings Inc. ($DKNG (+0,4 %) ).
• Initial claims for unemployment benefits (week ending February 10)
• US Retail Sales (January)
• Import Price Index (January)
• Industrial Production (January)
• Capacity utilization (January)
• Homebuilder confidence index (February)

Friday:

• Producer Price Index
  (PPI) (January)
• Building permits (January)
• Michigan Consumer Sentiment Index (Preliminary February)

These are the current Upgrades🟩 for this Monday, the September 18, 2023.

• $AGNC (+1,48 %)
  UBS downgrades from "Neutral" to "Buy", with a Target price of $11.50 (previously $10.50).🟩

• $AIN (+1,22 %)
  TD Cowen Downgrades from "Market Perform" to "Outperform", with a Target price from $106 (previously $100).🟩

• $AYX
  Morgan Stanley downgrades from "Equalweight" to "Overweight", with no change in price target.🟩

• $BCRX (+0,31 %)
  RBC Capital downgrades from "Sector Perform" to "Outperform", with a Target Price from $10 (previously $9).🟩

• $CVNA (+0,79 %)
  Wedbush downgrades from "Underperform" to "Neutral", with a Target Price of $48 (previously $40).🟩

• $DASH (+2,48 %)
  Mizuho Securities downgrades from "Neutral" to "Buy", with a Target price of $105 (previously $90).🟩

• $ESAB (+1,74 %)
  BofA Securities downgrades from "Neutral" to "Buy", with a Target price of $89 (previously $61).🟩

• $IRDM (-1 %)
  Deutsche Bank downgrades from "Hold" to "Buy", with no change in price target.🟩

• $JKHY (+1,33 %)
  Northcoast Research downgrades from "Neutral" to "Buy", with a price target of $185.🟩

• $KIM (+1,57 %)
  Mizuho Securities downgrades from "Neutral" to "Buy", with a price target of $20.🟩

• $LHX (+0,81 %)
  Wells Fargo downgrades from "Equal Weight" to "Overweight", with a price target of $209 (previously $204).🟩

• $LMT (+0,52 %)
  Wells Fargo Downgrades from "Underweight" to "Equal Weight", with a Target Price from $440 (previously $433).🟩

• $MU (+2,2 %)
  Deutsche Bank downgrades from "Hold" to "Buy", with a Target price of $85 (previously $65).🟩

• -$NLY (+1,08 %)
  UBS downgrades from "Neutral" to "Buy", with a Target price of $24 (previously $21).🟩

• $ONCT
  H.C. Wainwright downgrades from "Neutral" to "Buy", with a Target price of $2.🟩

• $PB (+0,78 %)
  Hovde Group Downgrades from "Market Perform" to "Outperform".🟩

• $RL (+2,22 %)
  Guggenheim downgrades from "Neutral" to "Buy", with a Target price of $166.🟩

• $SKX (+0 %)
  Piper Sandler Downgrades from "Neutral" to "Overweight", with a Target Price of $59 (previously $54).🟩

• $SMPL (-0,02 %)
  Morgan Stanley downgrades from "Equalweight" to "Overweight", with a price target of $40 (previously $37).🟩

• $ZIM (+2,88 %)
  JPMorgan downgrades from "Neutral" to "Overweight", with a price target of $15.40.🟩

Quarterly figures on 03.11.2022...

Feel free to leave a follow, because...⤵️

...at 5,000 followers there will be together with getquin, a small thank you for the community. But this post could already be created tomorrow. I look forward to it! On to today's quarterly numbers. In this post that I post every morning, I had announced what was happening today:

https://app.getquin.com/activity/ydggsOLkpb?lang=de&utm_source=sharing

$SBUX (-1,76 %)
Starbucks:

Beat analyst estimates of $0.73 in the fourth quarter with earnings per share of $0.81. Revenue of $8.4 billion beat expectations of $8.33 billion.

$PYPL (+0,75 %)
PayPal:

Beats analyst estimates of $0.96 in the third quarter with earnings per share of $1.08. Revenue of $6.85 billion beats expectations of $6.82 billion.

$DBX (-1,67 %)
Dropbox:

Beat analyst estimates of $0.38 in the third quarter with earnings per share of $0.43. Revenue of $591 million exceeded expectations of $586.15 million.

$DASH (+2,48 %)
DoorDash:

Missed analyst estimates of -$0.55 in the third quarter with earnings per share of -$0.77. Revenue of $1.7 billion exceeded expectations of $1.62 billion.

$GPRO (+1,85 %)
GoPro:

Beat analyst estimates of $0.17 in the third quarter with earnings per share of $0.19. Revenue of $305 million exceeded expectations of $298.85 million.

$MSI (-0,34 %)
Motorola Solutions:

Beats third-quarter analyst estimates of $2.88 with earnings per share of $3.00. Revenue of $2.37 billion beats expectations of $2.31 billion.

$HOT (-0,12 %)
Hochtief:

Reached sales of 7.18 billion euros in the third quarter, up from 5.32 billion a year earlier, and earned 115 million euros on the bottom line, up from 99.8 million a year earlier. Order intake on a comparable basis was 6.5 billion (prior year 7.5 billion).

$K (+0,5 %)
Kellogg Co:

Surpassed analysts' estimates of $0.97 in the third quarter with earnings per share of $1.01. Sales of $3.95 billion exceeded expectations of $3.77 billion.

$RCL (+2,2 %)
Royal Caribbean Cruises Ltd:

Beat analyst estimates of $0.19 in the third quarter with earnings per share of $0.26. Revenue of $3 billion exceeded expectations of $2.99 billion.

$UAA (+3,26 %)
Under Armour Inc:

Second-quarter earnings per share of $0.20 beat analyst estimates of $0.10. Revenue of $1.57 billion exceeded expectations of $1.42 billion.

$W (+1,12 %)
Wayfair Inc:

Missed analyst estimates of -$2.05 in the third quarter with earnings per share of -$2.11. Revenue of $2.8 billion below expectations of $2.82 billion.

$PTON (-0,18 %)
Peloton Interactive Inc:

Missed analyst estimates of -$0.64 with first-quarter earnings per share of -$1.20. Revenue of $616.5 million below expectations of $637.07 million.

$DDOG (+0,46 %)
Datadog Inc:

Third-quarter earnings per share of $0.23 beat analyst estimates of $0.16. Revenue of $437 million exceeded expectations of $415.07 million.

$MRNA (+5,16 %)
Moderna Inc:

Missed analyst estimates of $4.81 in the third quarter with earnings per share of $2.53. Revenue of $3.36 billion below expectations of $4.63 billion.

$CROX (+0,45 %)
Crocs Inc:

Missed analyst estimates of $2.62 in the third quarter with earnings per share of $2.50. Revenue of $985.1 million exceeded expectations of $942.52 million.

$IRM (+1,33 %)
Iron Mountain Inc:

Third-quarter earnings per share of $0.48 beat analyst estimates of $0.44. Sales of $1.29 billion below expectations of $1.31 billion.

$SBS (+7,38 %)
STRATEC:

Posts Q1-3 sales of €207.7 million (preliminary: €207.7 million), adjusted EBIT margin of 18.3% (preliminary: 18.3%), and net income (adjusted) of €29.5 million (PY: €40.6 million). Outlook confirmed.

$BOSS (-4,3 %)
HUGO BOSS:

Achieves Q3 sales of €933 million (PY: €755, analyst forecast: €903.4 million), EBIT of €92 million (PY: €85 million, forecast: €88.1 million) and net income of €58 million (PY: €53 million, forecast: €56.6 million). In the outlook for 2022, the company now expects sales of €3.5 to €3.6 billion (previous: €3.3 to €3.5 billion) and EBIT of €310 to €330 million (previous: €285 to €310 million).

$SGL (-3,84 %)
SGL CARBON:

Achieves Q1-3 sales of €853.9 million (previous year: €743.5 million), Ebitda (adjusted) of €136.1 million (previous year: €108.5 million) and net income after minorities of €70.6 million (previous year: €42.6 million). Forecast confirmed.

$PFV (+1,25 %)
Pfeiffer Vacuum:

Achieves Q1-3 order intake of €866.5 million (preliminary: €866.5 million), sales of €668.7 million (preliminary: €668.7 million), EBIT of €94 million (preliminary: €94 million) and net income of €66.6 million (PY: €52.1 million). October 17 forecast for revenue and Ebit margin confirmed.

$HNR1 (+0,22 %)
Hannover Re:

Achieves 3. Gross premiums written of €8.91 billion (PY: €7.15 billion, analyst forecast: €8.02 billion), combined ratio of 99.6% (PY: 101.5%, forecast: 99.6%), investment result of €400.3 million (PY: €491.1 million), an Ebit of €408.9 million (PY: €324.5 million, forecast: €399 million) and a net profit of €221.9 million (PY: €185.4 million, forecast: €311 million). In the outlook for 2022, the company sees net income in the lower range of €1.4 billion to €1.5 billion, profit target for 2022 remains achievable.

$UN01
Uniper:

Achieves 1st to 3rd. Quarter net result of -€40 billion (PY: -€4.8 billion), net loss includes €10 billion realized costs for replacement volumes; economic net debt at €10.91 billion (PY: €0.324 billion), net loss includes €31 billion expected losses and provisions; adjusted net loss of -€3.22 billion (preliminary: -€3.2 billion, prior year: +€0.487 billion), adjusted EBIT of -€4.75 billion (preliminary: -€4.8 billion, prior year: +€0.614 billion). Concrete earnings forecast currently impossible for the time being.

$O2D (+0,35 %)
Telefonica Germany:

Achieves Q3 sales of €2.085 billion (PY: €1.967 billion, analyst forecast: €2.030 billion), service sales of €1.47 billion (PY: €1.42 billion), adjusted OIBDA of €642 million (PY: €613 million, forecast: €640.5 million). In the outlook for 2022, sales and OIBDA are now expected to be in the "lower mid-single-digit percentage range" compared to the previous year (previously: in the "low mid-single-digit percentage range").

$BMW (-1,03 %)
BMW:

Reports Q3 sales of €37.18 billion (PY: €27.47 billion, analysts' forecast: €35.53 billion), EBIT of €3.68 billion (PY: €2.88 billion, forecast: €3.5 billion), EBT of €4.1 billion (PY: €3.42 billion) and net income of €3.18 billion (PY: €2.58 billion). Outlook confirmed.

$ZAL (-0,7 %)
Zalando:

Achieves Q3 revenues of €2.34 billion (PY: €2.28 billion), Ebit (adjusted) of €13.5 million (PY: €9.8 million) and net result of -€35.4 million (PY: -€8.4 million); number of active customers grows by 8% and exceeds 50 million for the first time. Outlook confirmed.

$COP (-0,23 %)
CompuGroup:

Posts Q1-3 revenue of €802 million (preliminary: €802 million), Ebitda of €166 million (preliminary: €166 million) and net income of €59.8 million (PY: 56.6 million). Outlook confirmed.

$RAA (-1,82 %)
RATIONAL:

Achieves Q3 sales of €274.2 million (PY: €207 million, analyst forecast: €270 million), Ebit of €70.3 million (PY: €49.7 million, forecast: €64.4 million), Ebit margin of 25.6% (PY: 24.0%) and net income of €53.8 million (PY: €37.8 million). Forecast confirmed.

$KCO (-1,64 %)
Klöckner & Co:

Achieves 3rd quarter sales of €2.37 billion (PY: €2.0 billion), Ebitda (adjusted) of €16 million (PY: €277 million) and net result of -€22 million (PY: +€185 million). Outlook confirmed.

#quartalszahlen
#boerse
#börse
#aktien
#paypal
#starbucks
#sandp500
#communityfeedback
#community