StockWatch: Week of November 8-12

  • DTE.de
    (${instrument.percentChange}%)
  • DIS.us
    (${instrument.percentChange}%)
  • DASH.us
    (${instrument.percentChange}%)
  • SYD.au
    (${instrument.percentChange}%)

This week featured financial results and other news from high-profile companies, as well as big stock moves, with Disney's post-earnings plunge standing out. Here are some firms that drew our attention and some that will be in our sight next week.

DISNEY (DIS.us)

The firm's Q4 FY2021 results after market close on Wednesday, largely missed estimates and revealed a slowdown in Disney+ subscriber growth, adding just 2.1 million users [1]. The streaming service had impressed up until now, having launched just two years ago.

DIS.us collapsed on Thursday after the results, registering the worst day of the year and new 2021 lows, having shed around 7%.


Past Performance: Past Performance is not an indicator of future results.

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NIO INC (NIO.us)

The EV maker released its Q3 earnings on Tuesday after market close, reporting higher Revenue on both quarterly and yearly basis (US$1,521.8 million). The firm projected lower Deliveries and Revenues for the fourth quarter compared to Q3 [2], with NIO.us reacting lower.

DOORDASH (DASH.us)

The US company announced that it will be acquiring the Helsinki-based delivery company Wolt, in a deal valued at around € 7.0 billion [3]. On the same day, DoorDash also released mostly encouraging Q3 results, despite seeing its Net Loss doubling y/y to $101 million [4].

DASH.us popped to its highest since January, after these news.


Past Performance: Past Performance is not an indicator of future results.

FORD (F.us)

The historic car manufacturer's stock rose past $20 for the first time in 20 years on Tuesday, as investors appear to like its recent turnaround plan. This milestone for F.us, was the culmination (so far) of its 100+% rally this year.

SYDNEY AIRPORT (SYD.au)

Sydney Airport announced on Monday that it has agreed to accept the approximately A$23.6 billion takeover bid from Sydney Aviation Alliance (SAA) [5]. The deal will have to clear regulatory checks and the company's board, which is expected to meet in Q1 2022.

SYD.au jumped nearly 3% after the announcement and reached 2021 highs.

DEUTSCHE TELEKOM (DTE.de)

The telecommunications giant announced solid financial results for the third quarter on Friday, reporting Revenue of €26.877 and 250.5 million customers, up 5.3% compare to a year ago. It also raised its full-year outlook [6], helping DTE.de rose to November highs.

WEEK OF NOVEMBER 15-19

During the coming week, there are some "heavy" names reporting, such as Nvidia (NVDA.us), Target (TGT.us), Vodafone (VOD.uk) and Alibaba (BABA.us, BABA.hk).

The one we are looking forward the most though, is Lucid Group (LCID.us), which releases its quarterly results on Monday. It is one of the hottest EV start-ups, that only recently went public and begun its first vehicle deliveries just a few days ago.

Nikos Tzabouras

Senior Market Specialist

Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. He has a long time presence at FXCM, as he joined the company in 2011. He has served from multiple positions, but specializes in financial market analysis and commentary.

With his educational background in international relations, he emphasizes not only on Technical Analysis but also in Fundamental Analysis and Geopolitics – which have been having increasing impact on financial markets. He has longtime experience in market analysis and as a host of educational trading courses via online and in-person sessions and conferences.

References

1

Retrieved 12 Nov 2021 https://thewaltdisneycompany.com/app/uploads/2021/11/q4-fy21-earnings.pdf

2

Retrieved 12 Nov 2021 https://ir.nio.com/static-files/b4d0737e-cce3-46b8-9cac-8e4500952756

3

Retrieved 12 Nov 2021 https://ir.doordash.com/news/news-details/2021/DoorDash-Joins-Forces-with-Wolt/default.aspx

4

Retrieved 12 Nov 2021 https://s22.q4cdn.com/280253921/files/doc_financials/2021/q3/DASH-Q3-2021-Financials_FINAL.pdf

5

Retrieved 12 Nov 2021 https://assets.ctfassets.net/v228i5y5k0x4/4E8IujXbovh6jYvB3lFrpF/54f59055011803b98b85aaaf5150644e/SYD_enters_into_Scheme_Implementation_Deed.pdf

6

Retrieved 12 Nov 2021 https://report.telekom.com/interim-report-q3-2021/

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