getquin Daily Summary 08/24/2022

Hey getquin,

we hope you all made it through the first half of the week. Today was a quiet day except for a few news. As always, we hope you enjoy reading:

America🌏:

1st Amazon 🤝 Peloton

Peloton $PTON (+6%) and Amazon$AMZN (+1,14%) have reached an agreement that Peloton will sell its gear and apparel through Amazon, according to CNBC. Peloton's stock surged after the announcement.

CNBC: https://cnb.cx/3pFpbtR

🟩$PTON (+6%) €13,15 (🔼 +12,74%)

2. $364 million for bill.

California's sports betting bill received $364 million in support from casinos, Native American tribes, and other interested parties. That's the largest amount ever spent on a state ballot measure to legalize, shape or prevent it, according to Bloomberg. One of the proposals for legalization would include a 10% tax on betting revenue and a $100 million licensing fee per operator.

What do you guys think about this, should something like this be legal?

Go here to Bloomberg: https://bloom.bg/3pHSFHS

World 🗺:

3rd Daimler instead of Rivian & Nikola ?

Daimler and Google subsidiary Waymo are currently testing an electric truck in Tesla's hometown of Texas. On Tuesday, at the press conference of both companies, it was announced that Daimler's electric trucks will drive independently under the name "Freightliner". This form of driving is also called "Level 4." According to both companies, the tests are to start in a few weeks. Why the USA of all places? According to recent estimates, there is a shortage of 80,000 drivers in the U.S., which may be the reason for Daimler's interest.

Read more here: https://bit.ly/3cipzvr

🟥 Mercedes-Benz Group $MBG (-2,54%) , €56,02 (-1,49%)

What we will look at tomorrow👀:

• NVIDIA Earning Calls
• AutoDesk Earning Calls
• Salesforce Earning Calls
• Royal Bank of Canada Earning Calls

Stocks of the day:

🟩 TOP: Farfetch$FTCH c $9,61 (🔼 +22,26%)

👍 Farfetch announced to acquire 47.5% of Yoox

🟥 FLOP: Nordstrom Inc. $JWN (+0,74%) , $18,75 (🔽 -19,18%)

👎 Cut full-year earnings guidance.

🟥 Most searched: Allianz $ALV (+0,8%) , €172,60 (🔽 -0,58%)

🟩 Most traded: Bed Bath & Beyond$BBBY , €10.06 (🔼 14.80%) (68.9M vol.)

🟩 S&P500, 4,137.52Pkt (🔼 +0.21%)

🟩 DAX, 13,228.12Pkt (🔼 +0.24%)

🟥 Bitcoin ₿, €21,532.88 (🔽 -0.25%)

Time: 17:30 CEST

Investors 101: Market capitalization (market cap).

Market cap refers to the total dollar market value of a company's outstanding shares. The investment community uses this number to determine the size of a company, rather than sales figures or total assets. In a takeover, market capitalization is used to determine whether or not a takeover candidate represents a good value for the acquirer.

#marketnews #marketnewsupdate