getquin Daily Summary 16.08.2022
Hello getquin,
Today it's all about Philips and the legal dispute between Ben & Jerry's and Unilever. Also the purchase of new airplanes from $AAL (-0,52%) and the EC of Walmart and Home Depot!
Europe🌍:
1st management change at Philips
Medical technology specialist Philips is currently struggling with a number of difficulties: class action lawsuits are currently being filed in the USA, supply chains are impaired and the millions of recalls of ventilators are having a negative impact on earnings and image. In addition, the share price has fallen by a further 40% since the beginning of the year.
Things are now set to pick up again under a new CEO. On Tuesday, Philips surprisingly announced that Roy Jakobs will take over from Frans van Houten on October 15. Van Houten, who has headed the Dutch delegation for the past twelve years, will act as an advisor on a transitional basis until the end of April.
Click here for the article: https://bit.ly/3C46JCO
🟥 $PHIA (+2,89%) (🔽 -1,95%)
America🌏:
2nd dispute between Ben & Jerry's and Unilever shows the risks of losing control
The legal battle between Ben & Jerry's and Unilever (ULVR.L) highlights a problem affecting a growing number of purpose-driven brands: how to maintain their identity after being acquired by a large consumer conglomerate.
In 2000, the company bought Ben & Jerry's for 326 million dollars with an unusual condition: The Vermont-based ice cream maker would retain its independent board of directors, which is responsible for managing its social and political identity.
Ben & Jerry's now believes that commitment was breached after the company's plan to stop selling ice cream in the Israeli-occupied West Bank caused a furor and ultimately prompted Unilever to reach an agreement to sell the brand's Israeli business.
More on the legal dispute: https://reut.rs/3JXPO6M
🟥 $ULVR (+1,37%) (🔽 -0,74%)
Asia🌏:
3. American Airlines agrees to purchase 20 supersonic aircraft from Boom
American Airlines has agreed to purchase 20 supersonic Overture aircraft from Boom Supersonic, the companies announced on Tuesday.
This is the second firm order in the last two years for Boom, which is still years away from building its first commercial airplane. United Airlines committed to buying 15 Overture planes last year.
More about the deal: https://cnb.cx/3SVJwc0
🟩 $AAL (-0,52%) (🔼 +0,68%)
Special:🎤
Music streaming service from RTL
RTL Germany is expanding its video streaming service to include a music streaming service. As the company announced in Cologne on Tuesday, a music app with more than 90 million tracks will be launched next Wednesday. This is one step on the way to turning the RTL+ streaming platform into a cross-genre all-in-one service.
Until now, moving, image-heavy streaming services such as Netflix, Joyn and Disney+ have been widespread. RTL wants to set itself apart from the competition with this super platform.
Will there still be a large customer base? https://bit.ly/3dxUYKy
Quarterly figures:
🛒Walmart $WMT (+1,95%)
Walmart announced on Tuesday that sales rose more than 8% in the second quarter, but profits fell as consumers turned to the discount grocer for food and essentials. Shares rose more than 5% in early morning trading.
EPS: 🟩 $1.60 expected vs $1.77 published; difference: 10.64%
Revenue: 🟩 $149.96 billion expected vs $151.38 billion published; difference: 0.95%
🔨 Home Depot $HD (+1,84%)
EPS: 🟩 $4.93 expected vs $5.05 published; difference: 2.36%
Revenue: 🟩 $43.33 billion expected vs $43.79 billion published; difference: 1.06%
Stocks of the Day:
🟩 TOP $AMTD 2,85 € (🔼 +28,38%)
➡️ Investment holding company
👍 Investment for premium real estate worth $500 million
🟥 FLOP $SE (+2,3%) 77,55 € (🔽 -12,22%)
➡️ Online video games & e-commerce
👎 Quarterly figures
🟥 Most searched $AAPL (-1,5%) 169,42 € (🔽 -0,56%)
🟩 Most traded $BBBY 19,17 € (🔼 +24,72%)
🟥 S&P500, 4,286.48 (🔽 -0.25%)
🟩 DAX, 13,834.33 (🔼 +0.13%)
🟥 Bitcoin ₿, 23,320.78 (🔽 -1.66%)
Time: 17:00 CEST
Fun Fact:
Did you know that 680 dollars worth of transactions are made on eBay every second?
