Market (@MarketNewsUpdate) su getquin

getquin Daily Summary 21.07.2022

Hello getquin,

the ECB raises the key interest rate, Ford cuts 15% of jobs and Amazon buys One Medical. In addition, the quarterly figures of Tesla and the Blackstone Group.

Europe🌍:

1. ECB raises key interest rate

The European Central Bank raised its key interest rate by 50 basis points, the first increase in 11 years and the largest since 2000, as it faces rising inflation while recession risks increase. With renewed political turmoil in Italy, President Christine Lagarde and her colleagues also unveiled a tool to ensure markets don't push up borrowing costs in vulnerable economies too aggressively, as they did in 2012 when the existence of the euro was called into question.

What do you think of the increase? https://bloom.bg/3zmTnQ9

America🌏:

2nd Ford cuts 8,000 jobs

Ford Motor Co is preparing to cut as many as 8,000 jobs in the coming weeks to reduce costs and increase its focus on electric vehicles. The cuts will be made to Ford employees as well as to Ford Blue, the unit created in March to handle the company's internal combustion engines, Bloomberg reported. The cuts, the details of which have not yet been finalized and are subject to change, will occur in phases and likely begin in the summer.

That's 15% of Ford's total jobs: https://reut.rs/3yWjs7s

🟩 $F (+3,98%) (🔼 +2,93%)

3. Amazon buys One Medical

Amazon announced that it will buy One Medical for $3.49 billion. The move adds inpatient physician practices to the e-commerce giant's arsenal and pushes deeper into healthcare.

The deal, which will be all-cash, heralds a dramatic expansion of Amazon's healthcare ambitions. The company launched a pilot of virtual care visits for Amazon employees in Seattle in 2019, before offering such services to other employers and in other cities under the Amazon Care brand.

More on the deal: https://reut.rs/3cpbk7D

🟥 $AMZN (+0,2%) (🔽 -0,51%)

🟩 $ONEM (🔼🔽 +68,47%)

Quarterly figures:

Tesla
$TSLA (+4,29%)

EPS: 🟩 $1.80 expected vs $2.27 published; variance: 26.33

Revenue: 🟩 $16.92 billion expected vs $16.93 billion published; Difference: 0.08%.

Blackstone Group $BX (+4,27%)

EPS: 🟩 $1.44 expected vs $1.49 published; variance: 3.57

Revenue: 🟩 $3.46 billion expected vs $4.15 billion published; Difference: 20.18%.

Stocks of the day:

🟩 TOP. $ONEM 17,10 $ (🔼 +68,47%)