getquin Daily Summary 07/26/2022
Hello getquin,
what a wild week with exciting quarterly numbers! Today's topics are Lufthansa, Shopify, McDonalds, Coca-Cola and UBS!
Remember: with the #totw1 you participate in the challenge on the topic of quarterly figures and can be featured in MarketNews!
Europe🌍:
1. Lufthansa cancels 1,000 flights
Germany's Lufthansa canceled more than 1,000 flights ahead of a one-day work stoppage by ground staff planned for Wednesday, just before families across Germany leave for summer vacation.
Strikes and staff shortages have already caused airlines, including Lufthansa, to cancel thousands of flights and caused hours-long queues at major airports, frustrating holidaymakers who wanted to travel after the COVID-19-related closures.
What's your take on the strikes: https://reut.rs/3S4d3zC
🟥 $LHA (+2,32%) (🔽 -2.03%)
America🌏:
2. Shopify to lay off 10% of its workforce
Shopify plans to lay off about 10% of its global workforce, CEO Tobi Lutke wrote in a memo to employees Tuesday. About 1,000 of the global workforce will have to leave the company. Shopify's shares fell more than 16% in response. The Canadian company, which makes tools for selling products online, was one of the biggest beneficiaries of the e-commerce boom triggered by the pandemic.
Read more here: https://cnb.cx/3z8nlWR
🟥 $SHOP (+3,75%) (🔽 -13.91%)
Quarterly numbers:
McDonalds
$MCD (+0,17%)
Despite a significant sales growth in the second quarter, McDonald's has lost a lot of sales decline due to high costs and withdrawal from Russia. The Burger King rival reported Tuesday that profits fell 46% year over year to $1.2 billion. Unexpectedly, McDonald's increased like-for-like sales by 9.7%.
However, the group took special charges of $1.2 billion for abandoning its Russian business after the war in Ukraine. The giant fast-food chain is also still struggling with exorbitant expenses. Overall sales fell 3% to $5.7 billion. However, the stock initially responded with modest gains in premarket trading. In terms of global sales, McDonald's significantly beat forecasts.
EPS: 🟩 $2.47 expected vs $2.55 published; difference: 3.39%.
Revenue: 🟥 $5.82 billion expected vs $5.72 billion published; variance: -1.77%
Loving it? https://bit.ly/3J7FhFR
Coca Cola
$KO (-1,76%)
Coke reported higher sales that beat analysts' expectations on higher prices and an increase in global sales volume. Both Coke and its rival PepsiCo face higher costs for key commodities such as aluminum.
EPS: 🟩 $0.67 expected vs $0.70 published; difference: 4.69%.
Revenue: 🟩 $10.56 billion expected vs $11.30 billion published; variance: 6.98%
More on "delicious and refreshing" here: https://cnb.cx/3PSCmmq
UBS is talking about its worst quarter in over 10 years. However, second quarter profit came in higher than Q2 2021 at $2.11 billion.
EPS: 🟩 $0.51 expected vs $0.59 published; difference: 15.67%.
Revenue: 🟥 $9.02 billion expected vs $8.61 billion published; variance: -4.63%
Stocks of the day:
🟩 TOP $PGY $11.05 (🔼 +14.27%)
🟥 FLOP $SHOP (+3,75%) , 30,81€ (🔽 -11,28%)
🟩Most searched $AMZN (+1,14%) €115.25 (🔼 +1.4%)
🟥 Most traded $AMZN (+1,14%) €115.25 (🔼 +1.4%)
🟥 S&P500, 3,938.64 (🔽 +0.71%)
🟥 DAX, 13,123.40 (🔽 -0.66%)
🟥 bitcoin ₿, €20,645.28 (🔽 -0.96%)
Time: 16:30 CEST
Fun Question:
As some have already guessed correctly, the largest port is Shanghai in China. With 3,600 hectares, the port is larger than Munich (31,070 hectares)!
With which group of animals are dinosaurs most closely related?
