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Romain Fournier

Chief Editor
Having worked in the British, French and Swiss financial press, Romain is able to report on local and international issues, as comfortable in French as in the language of Shakespeare, Romain Fournier leads the editorial team at Marketscreener. Fine connoisseur of the English-speaking markets, Romain delivers an editorial every day on US and UK markets.

Global markets live: Airbnb, Infineon, PayPal, Moderna, Starbucks...

08/03/2022 | 11:54am EST

Everyday, the MarketScreener team selects the most important news about listed companies across the world. Here is a short recap for your convenience (The list is updated during the day):

 

 

 

Corporate results:

  • Advanced Micro Devices: The stock lost 7% after the close and the release of its quarterly results.
  • Airbnb said it expects bookings in the current quarter to be on par with the previous quarter.
  • BMW: The automaker's net profit was higher than expected in Q2.
  • Commerzbank: The German bank reported a stronger-than-expected net profit in Q2, helped by rising interest rates.
  • Infineon: The semiconductor group slightly raised its annual margin forecast.
  • PayPal: The stock soared 11% after the release of its results, the announcement of a new share buyback and the presence of activist fund Elliott in the capital.
  • Starbucks: The stock gained 1.5% after the publication of its quarterly results.
  • Moderna on Wednesday maintained its annual sales target for its Covid-19 vaccine at $21 billion and announced a $3 billion share buyback program.
  • Advanced Micro Devices expects third-quarter revenue to fall slightly short of Wall Street estimates despite reporting good results in July.
  • CVS Health raised its full-year profit forecast as healthy insurance business and sales of COVID-19 tests helped the U.S. drugstore chain post a 6% increase in second-quarter profit.
  • Regeneron Pharmaceuticals reported a 72.5% drop in quarterly profit on Wednesday, hurt by disappointing sales of its COVID-19 antibody cocktail.
  • Gilead Sciences said Tuesday that its adjusted second-quarter profit fell due in part to higher research costs and lower sales of its COVID-19 treatment, Veklury, but total revenue came in above expectations.
  • Starbucks gained 1.5% in premarket trading after reporting a better-than-expected quarterly profit, as higher prices and strong demand in the U.S. helped offset a hit to its China business from further confinements.
  • Paypal Holdings raised its annual profit forecast, announced a $15 billion buyback program and that activist fund Elliott Management had a stake of more than $2 billion in its stock.
  • Occidental Petroleum on Tuesday reported better-than-expected quarterly earnings, lower debt and a share buyback program thanks to high oil and gas prices.
  • Electronic Arts reported lower-than-expected adjusted quarterly revenue on Tuesday as the easing of COVID-19 restrictions led to a decline in video game purchases.
  • Chesapeake Energy and Pioneer Natural Resources on Tuesday reported strong second-quarter earnings and increased cash distributions to shareholders via dividends or stock buybacks.
  • Under Armour lowered its full-year profit target, hurt by higher transportation costs, raw materials and increased promotions to attract customers.
  • Yum Brands, owner of KFC, reported same-store sales in line with expectations.
  • Robinhood Markets - The online brokerage announced Tuesday that it would lay off 23% of its staff as it posted a 44% drop in revenue due to a slump in trading.
  • General Motors said it will pay Livent $198 million up front for a guaranteed six-year supply of lithium, a deal that reflects the auto industry's growing concern about a tightening market for the metal used in electric vehicle batteries.

In other news:

  • Match Group announced the resignation of the CEO of its dating app Renate Nyborg and disappointing quarterly guidance.
  • Tod's founding chairman will delist the stock at EUR 40 per share.
  • The U.K. Competition and Markets Authority provisionally approved NortonLifeLock's $8.6 billion takeover of cybersecurity company Avast.
  • Just Eat Takeaway takes a €3bn write-down on the Grubhub acquisition.
  • Uber Technologies on Wednesday sold its 7.8 percent stake in Indian meal delivery company Zomato for $392 million, two sources close to the matter told Reuters.

Main earnings reports today: Costco, CVS Health, Booking, Siemens Healthineers, AXA, Nutrien, Infineon, Wolters Kluwer, Societe Generale, Veolia, Tenaris... All the agenda here.


ę MarketScreener.com 2022
Stocks mentioned in the article
ChangeLast1st jan.
ADVANCED MICRO DEVICES, INC. -4.55% 70.27 Delayed Quote.-48.84%
AIRBNB, INC. -5.47% 93.12 Delayed Quote.-44.07%
AXA -0.27% 27.385 Real-time Quote.4.87%
BMW AG -0.07% 85.16 Delayed Quote.-3.73%
BOOKING HOLDINGS INC. -0.70% 2042.19 Delayed Quote.-14.88%
CHESAPEAKE ENERGY CORPORATION -2.19% 93.72 Delayed Quote.45.26%
COMMERZBANK AG -0.58% 7.834 Delayed Quote.17.72%
COSTCO WHOLESALE CORPORATION -1.53% 481.16 Delayed Quote.-15.24%
CVS HEALTH CORPORATION -0.80% 101.19 Delayed Quote.-1.11%
ELECTRONIC ARTS INC. -2.31% 127.41 Delayed Quote.-1.12%
GENERAL MOTORS COMPANY -1.99% 38.02 Delayed Quote.-35.15%
GILEAD SCIENCES, INC. -0.02% 87.96 Delayed Quote.21.14%
INFINEON TECHNOLOGIES AG -1.65% 30.82 Delayed Quote.-23.20%
JUST EAT TAKEAWAY.COM N.V. -1.46% 21.25 Real-time Quote.-55.53%
MATCH GROUP, INC. -5.35% 43.33 Delayed Quote.-67.24%
MODERNA, INC. -1.36% 173.54 Delayed Quote.-31.67%
NORTONLIFELOCK INC. -1.99% 23.13 Delayed Quote.-10.97%
NUTRIEN LTD. -1.22% 105.65 Delayed Quote.11.12%
OCCIDENTAL PETROLEUM CORPORATION -3.35% 64.14 Delayed Quote.128.91%
PAYPAL HOLDINGS, INC. -1.89% 72.23 Delayed Quote.-61.70%
PIONEER NATURAL RESOURCES COMPANY -1.84% 226.14 Delayed Quote.24.33%
REGENERON PHARMACEUTICALS, INC. -1.06% 747.47 Delayed Quote.19.62%
ROBINHOOD MARKETS, INC. -2.90% 9.39 Delayed Quote.-47.13%
SIEMENS HEALTHINEERS AG -0.37% 49.12 Delayed Quote.-25.17%
SOCIÉTÉ GÉNÉRALE -0.35% 22.655 Real-time Quote.-24.68%
STARBUCKS CORPORATION -1.42% 102.08 Delayed Quote.-12.73%
TENARIS S.A. -0.45% 15.6 Delayed Quote.70.14%
TOD'S S.P.A. -1.20% 33 Delayed Quote.-32.22%
UBER TECHNOLOGIES, INC. -2.82% 26.92 Delayed Quote.-35.80%
UNDER ARMOUR, INC. -1.45% 9.51 Delayed Quote.-55.12%
VEOLIA ENVIRONNEMENT 0.24% 24.89 Real-time Quote.-23.03%
WOLTERS KLUWER 0.24% 104.4 Real-time Quote.0.53%
YUM! BRANDS, INC. -0.22% 130.62 Delayed Quote.-5.73%