Overview of Top weekly news 9.2. 2021

09 / 02 / 2022
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Stopping the acquisition of Arm

The giant Nvidia had to suspend the planned acquisition of Arm Ltd. from SoftBank. Regulatory problems have caused this. The transaction was to reach up to $ 80 billion in cash and stock. It would thus become the largest agreement in the chip sector. The acquisition has been under scrutiny since the beginning of the announcement. As for Softbank, the company will make some money to cancel the transaction.

Commodity growth was reflected in BP’s profit

Multinational energy giant British Petroleum has announced a rapid increase in full-year net profit. It is the highest in the last eight years, and this has been significantly helped by soaring commodity prices. Net income was $ 4.1 billion in the fourth quarter, beating analysts’ expectations of $ 3.9 billion. The British company reported a basic profit from reproduction costs, which is used as a replacement for net profit, at $ 12.8 billion in 2021.

Uber financial reports on Wednesday

Worldwide taxi company Uber will release earning reports for 2021 after market will close on Wednesday. Uber has according to analysts a lot of potential, as average target price is set to 66$, right now we are on 37$ per stock, which means there is potential for 80% growth. [1] Uber is expected to announce bigger demand for delivery services. Also in their favour, is information from WHO in November last year, that they expect Covid will end in Europe in April this year, which would mean more demand for services like Uber offers.

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Uber performance. (Source: Investing.com)

Stock split from Google may spark a wave

According to analyst from BofA, companies who announced stock splits have outperformed on the market. On average companies that have done it, have gained 25% over the next 12 months. Google announced stock split 20 to 1, which means that new price for stock will be 20 times lower. Also, people holding stocks now, will have 20 times the number of stocks they own. However, some of the outperformance is likely due to momentum.

Výkonnost společnosti Alphabet Inc Class A. (Zdroj: Investing.com)

Sledujte tento týden:

Ve čtvrtek budou zveřejněné U.S. Initial Jobless Claims.

V pátek ve Spojeném království zveřejní index nákupních manažerů ve službách (PMI).

 

[*]          Minulá výkonnost není zárukou budoucích výsledků

[1]          Výhledová prohlášení vycházejí z předpokladů a aktuálních očekávání, která mohou být nepřesná, nebo z aktuálního ekonomického prostředí, které se může změnit. Taková prohlášení nejsou zárukou budoucí výkonnosti. Zahrnují rizika a další nejistoty, které lze obtížně předvídat. Výsledky se mohou podstatně lišit od výsledků vyjádřených nebo implikovaných v jakýchkoli výhledových prohlášeních.

 

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