getquin Daily Summary 07/25/2022

Hello getquin,

what a hot start to the week... Fashion retailer New Yorker has suffered an as-yet-unknown loss from a scam web setie, Goldman Sachs cuts earnings forecast for MSCI China, and South Africa looks to combat power shortages.

Europe🌍:

1. Fake Online Store Scams New Yorkers.

A fake online retailer has defrauded Brunswick-based fast fashion retailer New Yorker. Until recently, unknown fraudsters had used the streetwear retailer's brand name to create a fake internet store called "Blacksquad.fr". The store appeared genuine as the operators also used illegally stolen video and photo content from New Yorker. It is not known how many customers were harmed by the scam.

A fashion store with 1,150 stores without an online store... https://bit.ly/3zwlc8R

Asia🌏:

2. GS cuts earnings forecast for MSCI China.

Goldman Sachs lowered its earnings forecast for the MSCI China stock index to zero growth for the year, from 4% previously, according to a report released Thursday. China's property market has come under renewed pressure in recent weeks as many homebuyers have stopped making mortgage payments. According to Henry Chin, head of research for Asia-Pacific at CBRE, it could take five years for the property market to recover from oversupply in China's smaller cities.

Interested: https://cnb.cx/3vdg07j

🟥 $36BZ (+0,93%) (Ex. ETF) (🔽 -0.37 %)

Africa🌏:.

3. South Africa wants to address electricity shortages.

South Africa will seek to address its chronic electricity shortage by making it easier for private companies to build plants and by paying households and businesses to generate electricity from solar panels.

The urgent need to fix the country's 14-year power crisis was highlighted by the five-week blackouts that ended last week, the worst since the power grid nearly collapsed in 2008. President Cyril Ramaphosa and the ruling African National Congress have been heavily criticized for failing to fix the problem despite repeated promises.

Here is more on that topic: https://bloom.bg/3PPhixd

Quarterly figures

Philips $NL00009538

Investors had to cope with surprisingly weak quarterly figures on Monday. Analysts from Societe Generale had already withdrawn their buy recommendation for the stock on Friday

EPS: 🟥 €0.28 expected vs. €0.14 published; difference: 50%.

Sales: 🟥 €4.22 billion expected vs. €4.18 billion published; variance: -0.97%

Source: https://bit.ly/3cK53Uw

Ryanair $RYA (-1,16%)

EPS: 🟩 -0.60 € expected vs. -0.47 € published; difference: 21.21 %

Sales: 🟥 €1.55 billion expected vs. €1.47 billion published; Difference: 5.11%

Stocks of the day:

🟩 TOP $EVEX 9,20 $ (🔼 +7,48%)

🟥 FLOP $HKD , 41,38 $ (🔽 -39,15%)

🟥 Most searched $AAPL (+0,17%) , 149,47 € (🔽 -1,05%)

🟥 Most traded $ULVR (-0,3%) , 6,37 (🔽 -14,24%)

🟩 S&P500, 3.964,01 (🔼 -0,069%)

🟥 DAX, 13.187,16 (🔽 -0,50%)

🟥 Bitcoin ₿, 21.443,62 € (🔽 +3,15%)

Time: 17:10 CEST

Question of the day:

Where is the largest port in the world?

𝗴𝗲𝘁𝗾𝘂𝗶𝗻 𝗗𝗮𝗶𝗹𝘆 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 𝟮𝟵.𝟬𝟰.𝟮𝟬𝟮𝟮

Hello getquinners!

What a week it has been! From takeovers, to earnings, there’s been a lot. Amazon may be down 12%, but we’re still here to deliver some prime news content😉

Also, a friendly reminder that there's still time to take part in our survey and potentially win a Mercedes Benz Group share worth roughly 65 Euros!! (T&C in the survey👇)

https://m6q2hlakjib.typeform.com/to/wAMdWb6S

𝗘𝘂𝗿𝗼𝗽𝗲🌍:

1. Denmark first country to halt covid-vaccination program

Denmark has become the first country so far to halt its Covid vaccination program, as officials say that the virus is now under control. “Vaccine coverage in the Danish population is high” says the Danish Health Authority, while they acknowledge the need to invite people to be vaccinated might need to resume in the autumn.

🟥 $EDEN iShares MSCI Denmark ETF, $95.45 (🔽-0.05%)

Want to understand the reasoning a bit more? https://cnb.cx/3rWIVe8

𝗔𝘀𝗶𝗮🌏:

2. China signals easing of tech squeeze in bid to lift economy

China has signalled that they will begin to ease their crackdown on the tech sector, as President Xi Jinping aims to bolster and support the economy amid lockdowns, which have hampered growth. Optimism has also risen, as there are reports that China’s top leaders will hold a symposium early next month with a number of internet companies.

🟥 $36BZ (+0,93%) iShares MSCI China A ETF, $4.84 (🔽-0.39%)

More on the world’s second largest economy: https://reut.rs/3y6KwSu

𝗔𝗺𝗲𝗿𝗶𝗰𝗮🌎:

3. Earnings season

You may or may not have seen our post earlier today on some of the earnings calls from last night, so here’s the link to the post👇

https://app.getquin.com/activity/taGheXzDbd

🟥 S&P 500 (🔽-1.72%)

𝗦𝘁𝗼𝗰𝗸𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗮𝘆:

🟩 TOP, $JMAT (+2,06%) Johnson Matthey PLC (🔼+19.10%)

🟥 FLOP, $AMZN (-0,92%)
Amazon.com Inc (🔽-12.39%)

🟩 Most searched, $FB (-0,49%) Meta Platforms Inc (🔼+0.47%)

🟥 Most traded, $AMZN (-0,92%)
Amazon.com Inc (🔽-12.39%)

🟥 S&P500 (🔽-1.72%)

🟩 DAX (🔼+0.71%)

🟥 $BTC (-0,54%) Bitcoin ₿, $38,888.40 (🔼-2.15%)

Time: 17:15 CEST

We always hear about the climate crisis, but a company is helping cities breathe by covering walls with moss. More on this good news here 😄 https://www.positive.news/environment/this-company-is-helping-cities-breathe-by-covering-walls-with-moss/

𝗴𝗲𝘁𝗾𝘂𝗶𝗻 𝗗𝗮𝗶𝗹𝘆 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 𝟮𝟲.𝟬𝟰.𝟮𝟬𝟮𝟮

Hello getquinners!

So, what might just be the takeover of the year has finally happened. Let’s see what else happened in the news today

𝗘𝘂𝗿𝗼𝗽𝗲🌍:

1. Airbus achieves a win in court

In a court case with their large customer Qatar Airways, the airplane manufacturer Airbus $AIR (-1,03%) has achieved a step towards victory. On Tuesday, the British courts allowed the manufacturer to cancel the order of over 50 medium-haul jets of the A321neo variety. The planes ordered by Qatar Airways are now allowed to be sold to other customers. The Qatari state-owned airline must get airplanes elsewhere. This dispute comes during potential shortages of the A350-outer shell and has led to a public dispute between Qatar Airways and Airbus $AIR (-1,03%)

🟩 $AIR (-1,03%) Airbus, 103.22 EUR (🔼0.21%)

Want to read more on the dispute between Qatar Airways and Airbus? https://bit.ly/3OFlmAr

𝗔𝘀𝗶𝗮🌏:

2. Covid lockdowns may lead to mass exodus of finance professionals

Having only spent a few years on the Chinese mainland, finance sector professionals are preparing to move back to Hong Kong and other offshore centres due to the harsh COVID-19 lockdown in Shanghai, and its impact on their business prospects and its upending of their daily lives. Thousands of bankers, traders and investors in the world’s second-largest economy’s financial hub have been impacted by the lockdown, including being confined to their home and struggling to secure food and other essentials for their families. This exodus could be damaging to financial stalwarts, who had planned to expand their Shanghai units.

🟥 $36BZ (+0,93%) iShares MSCI China A ETF, 4.41 EUR (🔽-0.37%)

Read more: https://reut.rs/3rUsL57

𝗪𝗼𝗿𝗹𝗱🌎🌏🌍:

3. Elon Musk buys Twitter

It has finally been confirmed, that Tesla $TSLA (+0,67%) CEO Elon Musk has bought Twitter Inc $TWTR in a deal worth around $44 billion. This is one of the largest leveraged buyouts (LBOs) of a listed company, with the billionaire having secured $13 billion in bank financing, as well as roughly $12.5 backed by his Tesla stake. Musk aims to take Twitter $TWTR private at roughly $54 a share, as part of his bid to improve the social media’s stance on free speech, with the process likely to take half a year.

🟩 $TWTR Twitter Inc, $50.19 (🔽-0.90%)

What implications could this have? Enlighten yourself here: https://cnb.cx/3KgVcAv

𝗦𝘁𝗼𝗰𝗸𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗮𝘆:

🟩 TOP, $SDRC Schroders PLC (🔼+29.82%)

🟥 FLOP, $GE (+0,03%) General Electric (🔽-10.26%)

🟥 Most searched $NVDA (+2,2%) Nvidia (🔽-4.73 %)

🟥 Most traded, $BNTX (+0,19%) BioNTech SE (🔽-2.96 %)

🟥 S&P500 (🔽-1.64%)

🟩 DAX (🔼+0.29%)

🟥 $BTC (-0,54%) Bitcoin ₿, $39,473.50 (🔽-2.39%)

Time: 17:00 CEST

Here’s something to brighten your day

Some species which wer lost to science have now been rediscovered again thanks to a pioneering programme. The task now is conserving them. Read more here: https://bit.ly/3vMJmZw 😊