3M and plaintiffs' attorneys are nearing a settlement that would resolve hundreds of thousands of veterans' claims that earplugs made by the company and its subsidiary did not protect them from hearing loss. Under the terms being negotiated, 3M would pay about $5.5 billion.
What do you think about next week and the results, who will you be watching? I'm clear - $NIO-0.2% 😎
Did you see this news about $NIO-0.2% yesterday?
In response to the upcoming requirement that all taxis in Oslo operate as electric vehicles by November 2024, Oslo Taxi has made a significant choice. The company has decided to partner with Nio Norge as its primary EV provider, marking a significant step towards a more sustainable transport future.
NIO
NIONext from Never base your predictions on analysts' predictions 👇
I'm a little amused by HSBC's prediction on $NVDA+0.1% stock right now. They raised their price target to $780 per share, the previous target was about $100 lower. The funny thing is that earlier in the year there was one company here that was loud and clear on Nvidia saying Sell (target was maybe $135 or $136). Do… read more
Another quarter and another stunt for $NU+0.6% 🚀 Quarter after quarter it gets better and better, so I'm really happy to have accumulated a position here of around $4 a share.
Berkshire buys stock in homebuilders 🚨
Warren Buffett's Berkshire Hathaway disclosed new positions in three U.S. homebuilders on Monday, sending the companies' shares higher as the billionaire bets on the U.S. housing market.
Berkshire Hathaway
BRK-BSlowly but surely, Nio is starting to establish itself in Europe. To date, NIO Germany has launched its seventh PowerSwap station located in Ulm Seligweiler. To date, NIO has launched 24 PowerSwap stations and 9 PowerCharger stations in Europe.
NIO
NIOTo follow up on my post yesterday - AI and Disney $DIS+1.5% results.
According to the results released for the second quarter of fiscal year 2023, The Walt Disney Company posted a 4% year-over-year increase in revenue to $22.3 billion (narrowly missing estimates). Net income per share excluding extraordinary items was $1.03, down 6% from $1.09 last year.
Disney
DISAI sees it clearly with Disney's $DIS+1.5% results, saying it has as much as a 77% chance of beating EPS estimates, while giving "only" a 37% chance of beating on revenue.
That's how the analysts see it 👇
The consensus revenue figure is set at $22.44 billion, suggesting a 4.34% growth from the previous quarter. For EPS, they are counting on $0.99.
… read moreThis is literally a BIG MOVE for Apple $AAPL-1.3%! 👇
Apple will save billions of dollars in chip manufacturing costs for new iPhones in 2023. This is due to the move to a more advanced 4nm manufacturing process. Apple buys tens of billions of dollars worth of chips each year for its products, especially iPhones. Currently, the chips are manufactured using a 5nm process, but TSMC… read more
What do you think of Berkshire $BRK-B'+0.1%s quarterly results? 🤔
Berkshire Hathaway reported second-quarter earnings per share (EPS) of $3.75, missing analysts' estimates of $3.76. Revenue for the quarter was $82.12 billion, compared to the consensus estimate of $82.14 billion.
Berkshire Hathaway
BRK-BHow do you see it in the next week? Whose results will you be interested in? For me, the obvious ones are $PLTR-4.0%, $DIS+1.5%, $PARA+0.7%, $LLY+1.5% and $BABA+1.1%.
Amazon $AMZN+0.6% reported sales of $127.4 billion during Q2, meaning Amazon made a profit:
$42.5B each month
$9.8B each week
$1.4B every day
$58.3M every hour
$972K every minute
$16.2K every second
Crazy numbers huh? 😀
Warren Buffett comments on the US credit rating downgrade 👇
"There are some things people shouldn't worry about," he said. "This is one of them."
Buffett said: We bought $10 billion of Treasuries this Monday. And the only question for next Monday is whether we buy three-month or six-month $10 billion Treasury bonds.
Ratings firm Fitch said on Tuesday: We expect fiscal… read more
Electric vehicle (EV) manufacturer $NIO-0.2% seems to be enjoying the fruits of a particularly generous Chinese government of late. China's National Development and Reform Commission "urged local governments to ease restrictions on car purchases and introduce measures to encourage new car purchases."
I'm sure this is good news but then again I wouldn't expect +40% in a week :) I think this is already priced in considering how long it takes