๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ก๐ฒ๐๐ ๐๏ธ
๐๐ต๐ถ๐ป๐ฒ๐๐ถ๐๐ฐ๐ต๐ฒ ๐ฅ๐ฒ๐ด๐ถ๐ฒ๐ฟ๐๐ป๐ด ๐ฒ๐ป๐๐ฒ๐ถ๐ด๐ป๐ฒ๐ ๐๐น๐ถ๐ฃ๐ฎ๐ / ๐๐ถ๐น๐ถ๐๐บ ๐๐ฒ๐ฟ๐๐ฎ๐ด๐ ๐๐๐บ ๐๐ฃ๐ข / ๐๐ฎ๐ฟ๐ฑ๐ฎ๐ป๐ผ-๐ก๐ฒ๐๐๐๐ฒ๐ฟ๐ธ ๐บ๐ถ๐ ๐ต๐ถ๐๐๐ผ๐ฟ๐ถ๐๐ฐ๐ต๐ฒ๐บ ๐จ๐ฝ๐ฑ๐ฎ๐๐ฒ
๐๐ -๐๐ฎ๐๐ฒ๐ ๐
As of today, Best Buy ($BUY (+2,3ย %)), Ecolab ($ECJ (+1,27ย %)), Smith & Wesson ($SWS (+2,04ย %)), Camping World ($C83 (+2,62ย %)) and Solaris Oilfield ($68S (+7,66ย %)) are traded ex dividend.
๐ค๐๐ฎ๐ฟ๐๐ฎ๐น๐๐๐ฎ๐ต๐น๐ฒ๐ป ๐
Today, Oracle ($ORC (-0,03ย %)), ITM Power ($IJ8 (+3,13ย %)), Net 1 Ueps Technologies ($NJPA (-0,3ย %)) and SeaChange International ($SEAC) will present their quarterly results.
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๐ข๐ ๐ณ๐ผ๐ฟ๐ฑ ๐ก๐ฎ๐ป๐ผ๐ฝ๐ผ๐ฟ๐ฒ - The United Kingdom biotech company has announced it is seeking an IPO on the London Stock Exchange. The company is developing a portable DNA/RNA sequencer that makes it possible to analyze biological data in real time. Financial Times reports that the company could be valued at ยฃ4 billion at IPO. To date, Oxford Nanopore has received funding of more than ยฃ600 million.
๐๐ถ๐น๐ถ๐๐บ - The Munich-based flight cab start-up was able to raise significantly less capital than originally hoped during its IPO. The company's goal was to raise fresh capital and global attention through a Spac IPO. This type of IPO is designed to save time and money for the company in question by allowing it to be bought by a special purpose acquisition company (Spac). In this particular case, Lilium was to merge with New York-based shell company Quell. Quell shareholders voted in favor of the IPO on Friday. As part of that IPO, Quell shares were exchanged for Lilium shares. However, 65 percent of investors did not take this deal and instead returned their share certificates than exchanged them. This reduced the initially projected revenue from $830 million to $584 million. This also lowered the valuation of the company to 3 billion US dollars.
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On the German stock market, the new week starts with high hopes for a coming recovery. After a comparatively weak year, German shareholders are hoping for an upturn. The DAX is up about 10% since the beginning of the year. By contrast, its French counterpart, the CAC 40, has grown twice as fast. This is primarily characterized by luxury stocks, such as LVMH, which have recently been able to shine with strong price gains. The new upswing in the DAX is now expected to come primarily from the 10 new stocks included in the DAX. These should help the DAX to be more diversified and to represent the German economy even better. This should also make events on the German stock exchange more fast-moving.
Alibaba ($AHLA (-2,45ย %)) - The power of the Chinese government on the economy continues to stretch. The Financhial Times reports that the credit business of Ant Group's payment service Alipay, which is a subsidiary of Alibaba, is to be broken up and outsourced to a partially nationalized joint venture. In addition, Ant is also slated to share user data, which can then be used by authorities to conduct credit checks. Globally, Alipay has about one billion users. In China, the company has a market share of over 50%. 40% of Alipay's revenue is generated from the credit business.
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Cardano ($ADA-USD (+18,82ย %)) - Yesterday, the world's third largest cryptocurrency received arguably the most significant update since its creation. This update is expected to usher in a new era where smart contract applications are possible on the Cardano network. According to BTC-Echo, this represents a milestone for Cardano and it could also mark a significant turning point for the Decentralized Finance (DeFi) world, which to date is still mainly dominated by the Ethereum network ($ETH-USD (-2,67ย %)) dominates. The Cardano ecosystem currently consists of about 150 different projects, all running on the newly deployed network and originating from Cardano's "Catalyst" funding program.