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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: General Motors, Gap, Meta, Amazon, Tesla...

11/18/2022 | 11:56am EST

Every day, the MarketScreener team selects the most important news about listed companies around the world. Here si a short recap for your convenience:

 

 

Corporate results:

  • The Gap: The stock gains more than 7% after good quarterly results.
  • General Motors: The manufacturer raised its free cash flow forecast for its automotive division in 2022.
  • Applied Materials - The semiconductor equipment maker climbed 5% in premarket trading after announcing that it expects better-than-expected revenue for the first quarter of its fiscal year, saying that expected easing of supply chain tensions will help it meet demand from chipmakers.
  • Gap jumped 8.6% in premarket trading on better-than-expected third-quarter revenue and profit, which were supported by resilient apparel demand despite high inflation.
  • JD.Com - The Wall Street-listed Chinese online retailer gained 5.3% in premarket trading after reporting better-than-expected quarterly sales.
  • Foot Locker was up 18% in pre-market trading after it raised its revenue and profit forecasts for this year, driven by resilient demand from affluent consumers.
  • Farfetch plunged 10.5% in premarket trading as the online retailer specializing in high-end fashion said it expects to post a negative Ebitda margin of 3-5% this year, compared to its previous guidance of breakeven.
  • Ross Stores - The retailer's stock rose 16.7% in premarket trading after announcing a profit above analysts' expectations in the third quarter.

 

In other news:

  • Meta Platforms - Mark Zuckerberg told employees Thursday that WhatsApp and Messenger would be the next growth driver for the company.
  • Amazon announced Thursday that job cuts are expected to continue next year.
  • Tesla will recall nearly 30,000 Model X vehicles for an airbag problem, a filing with the U.S. National Highway Traffic Safety Administration shows.
  • Visa announced Thursday that it has promoted Ryan McInerney to chief executive officer effective February, replacing Alfred Kelly Jr, who had led the group since 2016.
  • KKR & Co - The U.S. private equity firm is seeking to sell Canadian oil and gas producer Westbrick Energy in a deal valued at C$1.5 billion to C$2.0 billion.
  • Merck KGaA will restart the process of selling its pigments business, valued at $1bn.
  • Credit Suisse Wealth Management is focusing on growth markets and ultra-rich clients.
  • Boeing will reorganize its defense branch into four divisions.
  • Eni and Sonatrach join forces to develop solar energy in Algeria.
  • Hasbro is considering the partial sale of eOne's TV and movie business.
  • Advanced Micro Devices and Analog Devices resolve patent dispute.
  • Temenos passes 850 customer mark on its digital banking platform.
  • Volkswagen, BMW, and Mercedes back in the hot seat for measuring vehicle emissions.
  • Siemens Energy is to supply gas turbines for EnBW's district heating plant.
  • Holcim hires Nestlé executive as new CFO.

 

Main earnings reports today: Li Auto, Foot Locker, Bekaert, TotalEnergies... All the agenda is here


ę MarketScreener.com 2022
Stocks mentioned in the article
ChangeLast1st jan.
ADVANCED MICRO DEVICES, INC. 12.63% 84.64 Delayed Quote.16.03%
AMAZON.COM, INC. 1.96% 105.15 Delayed Quote.25.18%
APPLIED MATERIALS, INC. 6.75% 119.01 Delayed Quote.14.49%
BEKAERT NV 1.08% 39.3 Real-time Quote.7.17%
BOEING 0.82% 214.75 Delayed Quote.11.82%
CREDIT SUISSE GROUP AG 0.56% 3.226 Delayed Quote.16.06%
ENI SPA -0.65% 13.758 Delayed Quote.4.22%
FARFETCH LIMITED 8.94% 7.43 Delayed Quote.57.08%
FOOT LOCKER, INC. 3.98% 45.24 Delayed Quote.19.71%
GAPWAVES AB (PUBL) 1.88% 29.75 Delayed Quote.4.85%
GENERAL MOTORS COMPANY -0.05% 39.3 Delayed Quote.16.83%
HASBRO, INC. 1.81% 60.24 Delayed Quote.-1.26%
HOLCIM LTD 0.77% 55.26 Delayed Quote.14.54%
JD.COM, INC. 1.58% 60.47 Delayed Quote.7.73%
KKR & CO. INC. 2.11% 56.99 Delayed Quote.22.77%
LI AUTO INC. 5.78% 26.34 Delayed Quote.29.12%
MERCK & CO., INC. -0.40% 106.98 Delayed Quote.-3.58%
META PLATFORMS, INC. 2.79% 153.12 Delayed Quote.27.24%
NESTLÉ S.A. -0.68% 110.24 Delayed Quote.3.62%
ROSS STORES, INC. 0.28% 118.52 Delayed Quote.2.11%
SIEMENS ENERGY AG 3.11% 19.38 Delayed Quote.7.03%
TEMENOS AG 3.55% 67.16 Delayed Quote.27.83%
TESLA, INC. 4.73% 181.41 Delayed Quote.47.27%
THE GAP, INC. 4.35% 14.16 Delayed Quote.25.53%
TOTALENERGIES SE -0.82% 55.55 Real-time Quote.-4.57%
VISA, INC. 0.30% 230.9 Delayed Quote.11.14%
VOLKSWAGEN AG 1.99% 130.98 Delayed Quote.10.31%