RBC - Royal Bank of Canada

Earnings next week 🗓️

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Disney ($DIS (-0,24%) ) and Comcast ($CMCSA (+1,11%) ) are in final negotiations on the valuation of Hulualthough the two companies have very different estimates. Disney values Hulu at 27.5 billion US dollarswhile Comcast increased the value to over 40 billion US dollars estimates.

Both companies have their valuations RBC Capital ($RY (+0,23%) ). However, differences in the valuation process have caused the talks to stall, raising the possibility of a legal proceedings increased.

Hulu has 50 million subscribers and is central to Disney's direct-to-consumer strategy and was recently integrated into the Disney+ app. Disney aims to achieve profitability in the streaming segment by the end of the streaming segment while Comcast its focus on its own streaming service Peacock service.

Negotiations continue as both sides await RBC Capital's independent valuation to resolve the ownership dispute to settle the ownership dispute.

The coming week summarized:

Monday:

• New home sales (January)
• Quarterly reports from Workday ($WDAY (+1,08%) ), Zoom Video Communications ($ZM (+0,91%) ), Domino's Pizza ($DPZ (-0,94%) ) and Unity Software ($U (+0,33%) )

Tuesday:

• Orders for durable goods (January)
• S&P Case-Shiller Home Price Index
• Consumer Confidence (February)
• Quarterly reports from Lowe's ($LOW (+0,7%) ), ONEOK ($OKE (+1,44%) ), Bank of Montreal ($BMO (-0,68%) ), American Tower ($AMT (+1,79%) ) and AutoZone ($AZO (+0,58%) )

Wednesday:

• Gross Domestic Product of the USA (first revision of the fourth quarter)
• US trade balance (January)
• Retail inventories (January)
• Wholesale inventories (January)
• Quarterly reports from Salesforce ($CRM (+0,69%) ), Snowflake ($SNOW (+0,59%) ), Royal Bank of Canada ($RY (+0,23%) ), HP ($HPQ (+0,51%) ), TJX ($TJX (+0,11%) ), Paramount Global ($PARA (+0%) ) and Monster Beverage Corp. ($MNST (-0,16%) )

Thursday:

• Personal Consumer Price Index (PCE)
• Initial claims for unemployment benefits
• Pending home sales (January)
• Statements by Atlanta Fed President
  Raphael Bostic, Chicago Fed President Austan Goolsbee and Cleveland Fed President Loretta Mester
• Quarterly reports from Anheuser-Busch InBev ($BUD (+0%) ), Dell Technologies ($DELL (+2,56%) ), Toronto-Dominion Bank ($TD.PR.P ), Hewlett Packard Enterprise ($HPE (+2,55%) ) and Best Buy ($BBY (-0,68%) )

Friday:

• Statements from Dallas Fed President Lorie Logan, Federal Reserve Board Gov. Christopher Waller, Atlanta Fed President Bostic and San Francisco Fed President Mary C. Daly
• Quarterly reports from RadNet ($RDNT (+1,45%) ), Plug
  Power ($PLUG (+9,5%) ) and FuboTV ($FUBO )

As an employee in a large bank, I follow news about leading banks on a daily basis. Yesterday I read an article about the preliminary findings of the investigation by the UK competition authority CMA. According to the investigation, Deutsche Bank and 4 other major banks (Citigroup, HSBC, Morgan Stanley and Royal Bank of Canada) colluded in the bond market. Between 2009 and 2013, the banks shared sensitive information on UK government bonds in online Bloomberg chat rooms. Details of prices and trading strategies were shared, ultimately harming the British government and taxpayers.

The $DBK (-1,71%) escaped a leniency penalty because it informed the CMA of the misconduct. $C (+0,59%) also applied for leniency, and both banks admitted their involvement. The penalty for Citigroup is reduced. $HSBA (-0,91%), $MS (+1,17%) and $RY (+0,23%) have not admitted any misconduct, and the amount of the potential penalties has not yet been determined.

The CMA's findings are preliminary and investigations are ongoing. Have you heard about the investigations?

Here is the article: https://www.finanzen.net/nachricht/aktien/keine-strafe-deutsche-bank-aktie-klar-im-minus-deutsche-bank-ist-kronzeugin-bei-absprachen-im-britischen-bondmarkt-12490475

Cost price not entered, already sold as at $RY (+0,23%) sold with 65% plus 2 quarterly dividends (performance over 5 months)

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗨𝗻𝗶𝗹𝗲𝘃𝗲𝗿 𝗯𝗮𝘂𝘁 𝗝𝗼𝗯𝘀 𝗮𝗯 / 𝗞𝗿𝘆𝗽𝘁𝗼𝗱𝗶𝗽 𝗶𝘀𝘁 𝗿𝗲𝗮𝗹 / 𝗛𝗲𝘂𝘁𝗲 𝘃𝗼𝗿 𝗲𝗶𝗻𝗲𝗺 𝗝𝗮𝗵𝗿

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, among others, Microsoft Corporation ($MSFT (-1,05%)), Johnson & Johnson ($JNJ (+0,03%)) and Texas Instruments Incorporated ($TXN (-0,01%)) present their quarterly figures.

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, among others, Royal Bank of Canada ($RY (+0,23%)) and VSE Corp. ($VSEC (-3,05%)) are trading ex-dividend.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

Unilever ($ULVR (-1,44%)) - After Unilever spent the last week spreading a lot of news that shareholders didn't like, things are now looking different. After the activist investor Trian Partners entered Unilever, it was already announced that a massive job cut in management will be completed to speed up decision making in the group. The share rose against the trend yesterday by more than 6%.

GameStop ($GME (+2,79%)) - At this time a year ago in January 2021, the Gamestop hype was really starting to pick up steam. From January 8, 2021 to January 28, in less than three weeks, the stock price rose 2700 percent to $483 at the time. According to the U.S. Securities and Exchange Commission, 900,000 people were trading Gamestop stock at the end of January. Today, the share is significantly lower at €87.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

The dip in the crypto market is getting bigger. We are now about 50% away from the highs in the crypto market, thus losing more than a $1 trillion USD in market capitalization. Bitcoin is now more than 50% away from the high.

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𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗡𝗲𝘂𝗲 𝗧𝘄𝗶𝘁𝘁𝗲𝗿 𝗦𝗽𝗶𝘁𝘇𝗲 / 𝗚𝗶𝗽𝗵𝘆 𝗺𝘂𝘀𝘀 𝘄𝗲𝗴 / 𝗩𝗶𝗿𝘂𝘀 𝗖𝗼𝗶𝗻

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, among others, Goldman Sachs ($GS (+1,09%)), The Home Depot ($HD (+1,1%)), Nvidia ($NVDA (+2,01%)) and Qualcomm ($QCOM (+2,48%)) are trading ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, among others, CrowdStrike ($CRWD (+2,85%)), Okta Inc. ($OKTA (+0,68%)), Royal Bank of Canada ($RY (+0,23%)), Snowflake Inc. ($SNOW (+0,59%)), Synopsys ($SNPS (-1,06%)) and Veeva Systems ($VEEV (+0,84%) )presented their figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

Twitter ($TWTR) - Jack Dorsey is stepping down from his role as CEO. He is succeeded by former chief technology officer Agrawal. The Stanford graduate enjoys a good reputation within Twitter, but his promotion to CEO comes as a surprise to the staff, who would have preferred an established manager from the tech world. Agrawal has big tasks ahead of him, as Twitter is exposed to strong competitive pressure, but ex-CEO Jack Dorsey trusts him blindly.

Meta ($FB (-2,23%)) - The U.K.'s competition watchdog CMA classifies Meta's acquisition of Giphy as anti-competitive and calls for a resale. It says the deal creates significant market power that would make it harder for other platforms to access GIF files.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

Omicron ($OMIC (+0,01%)) - When you hear this word, the first thing that comes to mind is the new Covid-19 variant, but in this case, we are talking about cryptocurrencies.

Omicron token, which was very unknown a few days ago, gained 1100% in value thanks to the Covid-19 viral mutation of the same name.

On November 27, the token was trading at $64 and jumped up to $711 by November 29.

However, within a few hours, the token lost 75% again.

Today, the Omicron Coin is trading at around $500.

Bitcoin ($BTC (-1,25%)) - not a safe haven after all?- While many investors call Bitcoin a safe haven when other assets like stocks & precious metals crash, reality shows otherwise.

Last Friday, Bitcoin fell 6% after it came out that there is a new viral mutation. The S&P 500 (US78378X1072) lost only - 2.44%.

Bitcoin also lost 26% during the first Coronacrash in March 2020.

Craig Erlam, senior market analyst at OANDA has this to say:

"This has dealt a fatal blow to its reputation as a safe haven".

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𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗦𝗰𝗵𝘄𝗮𝗰𝗵𝗲 𝗘𝗿𝘄𝗮𝗿𝘁𝘂𝗻𝗴𝗲𝗻 / 𝗠𝗮𝗴𝗻𝗲𝘀𝗶𝘂𝗺𝗺𝗮𝗻𝗴𝗲𝗹 / 𝗥𝗶𝗽𝗽𝗹𝗲 - 𝘀𝗰𝗵𝗹𝗲𝗰𝗵𝘁𝗲𝗿 𝗩𝗲𝗿𝗹𝗶𝗲𝗿𝗲𝗿

𝗜𝗣𝗢𝘀 🔔

Volvo - Expectations of proceeds from the IPO of Volvo Cars had to be lowered. Proceeds from the IPO were expected to reach 25 billion kroner, but now the expectations of the subsidiary of Chinese car company Geely ($GRU (-0,87%)) have been downgraded to 20 billion kroner (2 billion euros). The first day of trading is scheduled for this Friday (October 29).

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

Starting today, Apogee Enterprises Inc. ($ANP (-1,81%)), Carpenter Technology Corporation ($XTY (+0%)), Codorus Valley Bancorp Inc. ($CVLY), Fastenal Company ($FAS (+0,41%)) and Royal Bank Of Canada ($RYC (+0,23%)) are trading ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, Alexandria Real Estate Equities Inc ($A6W (-0,78%)), Galp Energia ($GZ5 (-1,04%)), Facebook Inc. ($FB2A (-2,23%)), HSBC Holdings plc ($HBC1 (-0,91%)), Icade SA ($3IC (+1,47%)), Kimberly-Clark Corp. ($KMY (-0,62%)), Magnitogorsk Iron & Steel Works ($MHQ), Orange Polska S.A. ($TPA1 (+0,07%)), Packaging Corp. of America ($PKA (-0,64%)), SSAB ($SKWC (-2,18%)) and Universal Health Services Inc. ($UHS (+2,06%)) presented their figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

Monte dei Paschi di Siena - Italy's nationalized bank is in crisis, but a planned sale to rival UniCredit ($CRIN (+0,05%)) has fallen through. Mainly due to the different valuations of the parts of MPS up for sale by UniCredit and the Ministry of Finance, no agreement could be reached. UniCredit arrived at a valuation of 1.3 billion euros, while the Ministry of Finance assumed 3.6 to 4.8 billion euros. Now Italy must find another way to save the bank.

Auto industry - In addition to chips, magnesium bottlenecks are now also hitting the German auto industry. Magnesium is needed above all for aluminum alloying. The reason for this supply shortage is the energy-saving measures in China, as a result of which magnesium production has been greatly reduced.

The Chinese market share of 95% of the European magnesium supply is problematic. Some companies only have magnesium stocks until November, so experts are warning of a possible production stop.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

eNaira - Nigerian president unveils central bank's digital currency eNeira. Due to delays, the unveiling of the central bank digital currency (CBDC) is almost a month late. The Central Bank of Nigeria (CBN) now considers itself ready to launch it. Overall, the CBN is working on a global cryptocurrency that will be used as a means of payment in addition to cash. On October 2, the Federal High Court of Nigeria already approved the CBDC as legal tender.

XRP ($XRP-USD (-2,82%)) - Brad Garlinghouse, the CEO of Ripple, the company behind the cryptocurrency XRP, is sharply critical of the U.S. Securities and Exchange Commission (SEC). The company has been in a legal dispute with the latter for almost a year. Garlinghouse goes on to argue that unequal treatment of cryptocurrencies by the SEC has led to Ethereum growing to become the second largest cryptocurrency after bitcoin. He said, "In the last couple of years, XRP was the second most valuable digital asset. When it became clear that the SEC had given ETH a pass, ETH obviously really exploded and that clarity helped."

So far, there is no end in sight to the said legal battle. XRP is currently in 7th place with a market cap of $51.3 billion.

Bitcoin ($BTC-EUR (-1,25%)) - Other Bitcoin ETFs from Valkyrie, Van Eck & Invesco. Valkyrie's ETF has the acronym BTFD, which alludes to the, especially in the crypto scene, well-known saying "Buy the fucking Dip".