getquin Daily Summary 29.07.2022

Hello getquin,

a new plant for battery stations will start up in Hungary. Also, Apple and Procter & Gamble's quarterly figures!

Europe🌍:

1st Nio starts up battery station plant in Hungary

E-car maker Nio is looking to expand its market share in Europe by starting production of battery swap stations outside China. To that end, Nio said Friday in Hungary that it will open a facility in September that will serve as a production, service and research and development center, as well as a site for these activities.

Nio plans to sell its China-made cars not only in Norway, but also to enter the German, Dutch, Swedish and Danish markets this year. These countries will be supplied with battery changing stations from the plant near Budapest. Until now, the company has imported battery-changing stations from China.

Would you have chosen Hungary as the location? https://bit.ly/3Je1txQ

🟥 $NIO (+2,12 %) (🔽 -0,21 %)

America🌏:

2nd U.S. chip law to distort global semiconductor supply chain, China says

The US Congress will distort the global semiconductor supply chain and disrupt international trade, according to China. The U.S. House of Representatives on Thursday passed sweeping legislation to subsidize the domestic semiconductor industry in competition with Chinese and other foreign manufacturers. China will continue to monitor the progress and implementation of the U.S. law and, if necessary, take action to protect its legitimate rights, the ministry said in a statement.

Read more here: https://reut.rs/3zHaP1X

Appel $AAPL (+1,34 %)

EPS: 🟩 $1.16 expected vs $1.20 published; Difference: 3.86%

Sales: 🟥 $82.97 billion expected vs $82.96 billion published; Variance: -0.01%.

Procter & Gamble $PG (-1,24 %)

Procter & Gamble reported mixed quarterly results Friday as the consumer goods giant faced rising raw material costs and warned that it expects "significant headwinds" to continue in fiscal 2023.

The Cincinnati-based maker of products such as Pampers, Pantene and Tide said higher prices in its fiscal fourth quarter offset a decline in sales volume primarily due to pandemic-related closures in China and reduced activity in Russia.

The company's shares fell about 4% in premarket trading.

EPS: 🟥 $1.23 expected vs $1.21 published; difference: -1.43%.

Revenue: 🟩 $19.41 billion expected vs $19.52 billion published; variance: 0.54 %

Source: https://cnb.cx/3voKIuf

Stocks of the day:

🟩 TOP $AMZN (+0,26 %) 135,04 € (🔼 +13,35 %)

🟥 FLOP $ROKU (+1,65 %) , 61,49 € (🔽 -26,95%)

🟩Most searched $AMZN (+0,26 %) 135,04 € (🔼 +13,35 %)

🟩 Most traded $AMZN (+0,26 %) 135,04 € (🔼 +13,35 %)

🟩 S&P500, 4,110.46 (🔼 +0.93%)

🟩 DAX, 13,498.24 (🔼 +1.63%)

🟩 bitcoin ₿, €23,748.31(🔼 +1.48%)

Time: 16:30 CEST

Fun Fact:

Did you know that when Nintendo was founded in 1889 they were a playing card company?