Stock Take 26/07/2021

Tesla impresses again with a strong jump in sales and profits The electric car manufacturer Tesla opened its books after the close of trading on Monday and reported on its business performance in the second quarter. Tesla announced that earnings per share rose significantly from 0.436 US dollars to 1.45 US dollars in the reporting period. The company, led by …

Markets Update Monday 26/07/2021 – Big-Tech Week

Frankfurt – 26/07/2021 Big-Tech Week The stock market week on Wall Street has begun as the old one ended: with new records. Not all international stock exchanges were able to keep up, but optimism continues to spread on the trading floor. However, investors have been rather cautious ahead of the eagerly awaited quarterly figures of the tech giants.  China continues …

Stock Take 23/07/2021

American Express with big profit leap Credit card provider American Express Co posted higher sales and profits in the second quarter as consumer spending on travel and entertainment continued to rise, and the company built up credit reserves. American Express’ net income rose to $2.28 billion from $257 million a year earlier, the financial services provider said. Earnings were $2.80 …

Markets Update Friday 23/07/2021 – Social Media Rally

Frankfurt – 23/07/2021 Social Media Rally It was the day of the high-tech and social media stocks. Strong quarterly figures from Twitter and Snap fuelled the stock rally in New York. Snap shares shot up by 23 per cent, and Facebook shares also rose strongly. The “old economy” also reported good results: American Express and Honeywell surprised positively.  Only markets …

Stock Take 22/07/2021

Visa acquires Currencycloud Visa buys for a high three-digit million amount. The company said it is acquiring Currencycloud, a London-based provider of cross-border payments technology. The latter is valued at £700 million in the deal. “The acquisition of Currencycloud will enable us to help our customers and partners reduce the hassle of cross-border payments,” said Colleen Ostrowski, global treasurer at …

Markets Update Thursday 22/07/2021 – ECB Tailwind

Frankfurt – 22/07/2021 ECB Tailwind With its announcement that it will maintain its ultra-loose monetary policy for longer, the ECB boosted Europe’s stock markets today. Wall Street, on the other hand, was in the doldrums. ECB President Christine Lagarde sets herself up permanently for a zero interest rate strategy and an ultra-loose monetary policy. “Our key interest rates have been …

Stock Take 21/07/2021

Coca-Cola raises forecast Beverage company Coca-Cola earned more than expected in the second quarter and raised its full-year forecast. Net income rose to $2.64 billion, or 61 cents per share, from $1.78 billion, or 41 cents, in the year-ago period. Adjusted EPS of 68 cents exceeded the Factset consensus of 56 cents. Revenue rose to $10.13 billion from $7.15 billion …

Markets Udpate Wednesday 21/07/2021 – Equities all-time highs

Equities all-time highs Above all, the lack of investment alternatives and the fear of missing out is once again driving investors into equities. Bargain hunters, in particular, have returned to the trading floor and continued to drive prices up today. Worries about price increases, rising yields on the bond market or even corona and the economic recovery are retaking a …

Stock Take 20/07/2021

IBM share on the rise Computer specialist IBM posted a significant increase in revenue in the second quarter thanks to strong demand for cloud software and IT services. In the second quarter, revenues rose by 3.4 per cent year-on-year to 18.7 billion dollars, IBM announced on Monday after the US stock exchange closed. The company thus achieved its strongest growth …

Markets Update Tuesday 20/07/2021 – Wall Street’s back!

Frankfurt – 20/07/2021 Wall Street’s back! After the previous days’ sell-off, Wall Street rallied again in a powerful counter-movement. Above all, however, it was bargain hunters who drove the market. Meanwhile, experts at US big bank JPMorgan believe investors’ fears of a possible end to the economic recovery from the pandemic are overblown. In the US, the ongoing economic recovery …