Market (@MarketNewsUpdate) su getquin

getquin Daily Summary 12.07.2022

Hello getquin,

the impact of the Ukraine war is continuously a very high driver of the current global economy. Today we have news on Renault, Walmart and Gap!

Europe🌍:

1. Renault sales slump by almost 30 percent

French automaker Renault's sales fell dramatically in the first half of the year as a result of its withdrawal from Russia. According to Tuesday's Renault report, global sales fell 29.7% to just over one million vehicles.

Excluding the Russian company, sales were down 13%, it said. The market climate continues to be characterized by a shortage of semiconductors, it said. The stock price fell as much as 2.4% by midday due to the disappointing stock market environment.

More on the problems: https://bit.ly/3O61BAd

🟥 $FR0000131906 (🔽 -0.11%)

America🌏:

2nd Walmart buys 45% of Canoo's delivery trucks.

Shares of electric car maker Canoo rise after Walmart agreed to buy 4,500 electric delivery trucks. Walmart will buy at least 4,500 and up to 10,000 of Canoo's electric delivery trucks. The delivery trucks are expected to be in service by 2023. Canoo's shares rose more than 70% after the news.

What a deal! https://cnb.cx/3cbX2Yd

🟩 $GOEV (🔼 +106,90%)

🟩 $WMT (+2,62%) (🔼 +1,75%)

3. Gap CEO Sonia Syngal resigns with immediate effect

Sonia Syngal, CEO and president of Gap, is stepping down effective immediately, the apparel company announced Monday. The retailer also named a new chief executive for its Old Navy business. Gap added that higher promotional activity had a negative impact on gross margin; it now forecasts an adjusted operating margin percentage in the second quarter of zero to slightly negative.

Who will be next? https://cnb.cx/3nVTAU1

🟥 $GPS (-1,76%) (🔽 -2,87%)

Quarterly figures:

Pepsico $PEP (+0,5%)

EPS: 🟩 $1.74 expected vs $1.86 published; difference: 7.10%.

Revenue: 🟩 $19.51 billion expected vs $20.22 billion published; Difference: 3.67%.

Stocks of the day:

🟩 TOP $HLF (+1,64%) 22,76 € (🔼 +15,67%)

🟥 FLOP $BYDDY (-1,54%) , 68,88 (🔽 -11,04%)

🟩Most searched $ALV (+0,21%) , 178,46 € (🔼 +0,08%)

🟥 Most traded $BYDDY (-1,54%) , 68,88 🔽 -11,04%)

🟥 S&P500, 3,851.57 (🔽 -0.074%)