The founding family of Nordstrom $JWN is privatizing the department store chain with El Puerto de Liverpool for 6.25 billion dollars, giving me a plus of 58.37% after tax.

https://shop-eat-surf-outdoor.com/news/nordstroms-bid-to-go-private-finalized-with-acquisition-by-nordstrom-family-and-liverpool/607911/

PS: A first lawsuit (Trice v. Nordstrom) has already been filed:

https://de.investing.com/news/sec-filings/nordstromaktionar-reicht-sammelklage-ein-93CH-2995175

Earnings next week

$DELL (-1,72%)

$CRWD (-0,44%)

$ANF (-1,61%)

$ZM

$KSS (+3,45%)

$WDAY

$BBY (+1,4%)

$BBWI (+1,17%)

$BLBD (+0,87%)

$ADSK (-0,45%)

$M (-0,04%)

$FLNC (+6,04%)

$HPQ (+0,88%)

$DKS (+2%)

$AMBA (-0,3%)

$URBN

$DDD

$BURL (+1,38%)

$A (+2,01%)

$WWD

$HDL

$IREN (+9,25%)

$GIW

$SMTC (-0,36%)

$JWN

$NTNX (+0%)

$HSAI (-1,7%)

$LESL

$PFLT (-0,2%)

$GES (+0%)

$ENTA (+1,42%)

$ADI (+1,68%)

$PNNT (-0,44%)

$SUPV (+2,83%)

$BLRX

$PD

$FRO (+1,02%)

$NJR (+0,25%)

$ARWR (+2,29%)

$TWG

$MANU (-0,8%)

$YY (-0,8%)

$NOAH (-0%)

$ICCM

$SJM

$CLGN

$UNM

$GOGL

$TITN

The upcoming week summarized:

Monday

• Publication of the quarterly reports of GitLab ($GTLB )
• Speech by Philadelphia Fed President Tom Harker

Tuesday

• Release of factory orders (January) and the ISM Services PMI (February)
• Super Tuesday pre-elections in 16 states
• Quarterly reports from CrowdStrike ($CRWD (-0,44%) ), Target Corp ($TGT (-0,05%) ), Ross Stores ($ROST ) and Nordstrom ($JWN )

Wednesday

• Release of the ADP Employment Report (February)
• Statements from Fed Chair Jerome Powell before the House of Representatives
• Publication of wholesale inventories (January), job vacancies (January) and the Federal Reserve Beige Book
• Speeches from San Francisco Fed President Mary C. Daly and Minneapolis Fed President Neel Kashkari
• Quarterly reports from Campbell Soup ($CPB ) and Abercrombie & Fitch ($ANF (-1,61%) )

Thursday

• Statements by Fed Chair Jerome Powell before the Senate
• State of the Union Speech
• Publication of initial applications for unemployment benefits (March 2), productivity (revisions to the fourth quarter) and the trade balance
• Speech by Cleveland Fed President Loretta Mester
• Quarterly reports from Broadcom ($AVGO (+0,39%) ), Costco Wholesale Corp ($COST ), Kroger Company ($KR ), Marvell Technology ($MRVL (+0,17%) ) and Victoria's Secret ($VSCO )

Friday

• Release of the USlabor market report (February)
• Speech by New York Fed President John C. Williams

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 $PTON and Amazon$AMZN (-0,2%) 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 €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 (+0,62%) , €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 , $18,75 (🔽 -19,18%)

👎 Cut full-year earnings guidance.

🟥 Most searched: Allianz $ALV (-0,25%) , €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

𝗴𝗲𝘁𝗾𝘂𝗶𝗻 𝗗𝗮𝗶𝗹𝘆 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 𝟮5.𝟬𝟱.𝟮𝟬𝟮𝟮

Hello getquin,

if you haven't noticed yet go here to the survey where you can win 4x50€ Amazon vouchers:

👉 https://m6q2hlakjib.typeform.com/to/Mo0E1uv4👈

𝗗𝗲𝘂𝘁𝘀𝗰𝗵𝗹𝗮𝗻𝗱🇩🇪:

1. 𝘒𝘳𝘺𝘱𝘵𝘰𝘸ä𝘩𝘳𝘶𝘯𝘨𝘴𝘢𝘣𝘴𝘵𝘶𝘳𝘻 𝘦𝘯𝘵𝘸𝘦𝘳𝘵𝘦𝘵 𝘥𝘪𝘦 𝘒𝘳𝘺𝘱𝘵𝘰-𝘚𝘱𝘦𝘯𝘥𝘦𝘯𝘢𝘬𝘵𝘪𝘰𝘯 𝘥𝘦𝘳 𝘶𝘬𝘳𝘢𝘪𝘯𝘪𝘴𝘤𝘩𝘦𝘯 𝘙𝘦𝘨𝘪𝘦𝘳𝘶𝘯𝘨

After the Russian invasion of Ukraine in February, the Ukrainian government called for donations in cryptocurrencies on social media. However, the crash of cryptocurrencies has led to a significant drop in the value of the amount collected. Ukraine continued to woo investors at the World Economic Forum in Davos this week.

🟩 $BTC (+2,08%) (🔼 +0,63 %)

Read more here: https://reut.rs/3wQ5t1M

𝗔𝗺𝗲𝗿𝗶𝗸𝗮 🌏:

2. 𝘕𝘍𝘓 𝘦𝘳𝘯𝘦𝘶𝘦𝘳𝘵 𝘚𝘱𝘰𝘯𝘴𝘰𝘳𝘪𝘯𝘨𝘷𝘦𝘳𝘵𝘳𝘢𝘨 𝘮𝘪𝘵 𝘗𝘦𝘱𝘴𝘪

Pepsi, a unit of food and beverage giant PepsiCo. $PEP , has renewed its sponsorship deal with the National Football League (NFL), but without retaining the rights to the Super Bowl halftime show. CNBC has reported that the NFL could ask for up to $50 million for those rights. Pepsi $PEP still has rights, such as serving at the NFL's top events, and its sports drink subdivision Gatorade continues to have a presence on the sidelines.

🟩 $PEP PepsiCo Inc (🔼+0.45%)

Source: https://cnb.cx/3wRutG9

3rd 𝘗𝘧𝘪𝘻𝘦𝘳 𝘷𝘦𝘳𝘬𝘢𝘶𝘧𝘵 𝘱𝘢𝘵𝘦𝘯𝘵𝘪𝘦𝘳𝘵𝘦 𝘔𝘦𝘥𝘪𝘬𝘢𝘮𝘦𝘯𝘵𝘦 𝘻𝘶𝘮 𝘚𝘦𝘭𝘣𝘴𝘵𝘬𝘰𝘴𝘵𝘦𝘯𝘱𝘳𝘦𝘪𝘴

Following criticism of its Covid vaccine, Pfizer has $PFE announced that it will make all of its patented medicines available at cost in 45 of the world's poorest countries. These include Cominarty, the COVID-19 vaccine and the Covid treatment. $PFE Has also announced that as new medicines and vaccines are introduced, these 45 countries will also be included in the portfolio at cost price.

🟩 $PFE Pfizer Inc (🔼+0.71%)

Source: https://reut.rs/3amf4G9

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻:

𝘕𝘰𝘳𝘥𝘴𝘵𝘳𝘰𝘮 𝘐𝘯𝘤 $JWN

Nordstrom $JWN has raised its full-year financial outlook, citing momentum in the business. The CEO, whose great-grandfather founded the company, said the company has benefited from demand from people shopping for "long-awaited occasions."

🟥 EPS (LPS): -$0.04 expected vs -$0.06 reported (-42.01%)

🟩 Revenue: $3.29bn expected vs $3.57bn reported (+8.32%)

Source: https://cnb.cx/3GfzFrm

𝘐𝘯𝘵𝘶𝘪𝘵 𝘐𝘯𝘤 $INTU

In the last four quarters, Intuit has $INTU exceeded consensus estimates for earnings per share three times, while revenue estimates have been exceeded each of the last four quarters. Share prices have risen, but sustainability will depend on management's comments in the earnings release.

🟩 EPS: $7.60 expected vs $7.65 reported (+0.66%).

🟩 Revenue: $5.51bn expected vs $5.63bn reported (+2.06%)

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

𝗦𝘁𝗼𝗰𝗸𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗮𝘆🔔:

🟩 TOP, $INTU Intuit Inc (🔼+4.56%).

🟥 FLOP, $SW Sodexo (🔽-5.27%).

🟩 Most searched, $TSLA Tesla Inc (🔼+2.38%)

🟩 Most traded, $TSLA Tesla Inc (🔼+2.38%)

🟩 S&P500 (🔼+0.20%)

🟩 DAX (🔼+0.46%)

🟩 $BTC (+2,08%) Bitcoin ₿, $29,673.00 (🔼+0.14%)

Time: 16:30 CEST

Getting back to the NFL topic: Did you know that the Coinbase ad at the Super Bowl this year cost $14 million? That may be the most expensive commercial per second, but the most expensive commercial by far was by Chanel and cost $33 million! Feel free to watch it 👇.

www.youtube.com/watch?v=nfoMbir_Qd4

Source: https://www.cresta-awards.com/?action=ows:entries.details&e=68616&project_year=2021