getquin Daily Summary 07.10.2022
Hello getquin,
Happy Friday to all of you. How did your portfolios perform this week?
Europe🌍:
1. will Adidas continue its partnership with Kanye West?
Adidas has announced it is reviewing its partnership with Kanye West. So far, the partnership has been very profitable for both parties, generating over $1 billion in revenue annually. For Kanye, it was the first major partnership, which helped in to a fortune of about 2 billion US dollars. In recent months, however, there have been more and more scandals involving Kanye and there has also been more and more friction in the relationship with Adidas. What is your opinion? Who would be hurt more by the end of the partnership?
Read more: https://cnb.cx/3el20D7
🟥 $ADS (-0,51%) 116,66€ (🔽 -4,27%)
America🌏:
2nd Peloton lays off another 500 employees
The next wave of layoffs is now coming for Peloton employees. According to CEO Barry McCarthy, the ailing fitness equipment manufacturer, should thus be brought back to growth. The cuts, which represent about 12% of Peloton's workforce, mark a turning point for the company, McCarthy says. Peloton has already had several rounds of layoffs this year. Will it also be the last? According to CEO Barry McCarthy, it will.
Read more: https://cnb.cx/3rESrC2
🟩 $PTON (+0,41%) 8,82€ (🔼 +3,78%)
3. amazon has christmas fever
Amazon plans to hire about 150,000 employees for its logistics centers in the coming months. Despite inflation and declining consumer sentiment, Amazon expects order volume to be higher again in Q4 this year. Ahead for Prime Day, Black Friday, Cyber Monday and the Christmas season, Amazon and other retailers need hundreds of thousands of additional employees each year to keep up with the order volume.
Read more: https://reut.rs/3ehzfr1
🟥 $AMZN (+0,76%) 119,2€ (🔽 -3,18%)
Stocks of the day:
🟩 TOP $CDR (+0,78%) 23,64€ (🔼 +5,14%)
👍 The gaming developer has published its gaming roadmap for the next few years. Investors apparently like what CD Projekt is working on.
🟥 FLOP $AMD (+1,48%) 63,93€ (🔽 -4,54%)
👎 Investors continued to sell AMD shares on Friday after the chipmaker released weak preliminary third-quarter results.
🟩 Most searched Porsche AG, 92,59€ (🔼 +1,52%)
🟥 Most traded $TLRY (+11,02%) , 3,70€ (🔽 -7,86%)
🟥 S&P500, 3,672.32 (🔽 -1.93%)
🟥 DAX, 12,323.22 (🔽 -1.18%)
🟥 bitcoin ₿, 20,110.28€ (🔽 -1.40%)
Time: 17:00 CEST
Fun Fact:
When the Ethereum merge took place, it was no longer possible to mine using graphics cards. As a result, global power consumption appears to have dropped by 0.2%.
