Frankfurt, New York Speculation of an imminent ceasefire in Ukraine is drawing investors back to Wall Street. Investors were encouraged by the statement by Russian President Vladimir Putin that there were “certain positive changes” in the talks with Ukraine. The leading US indices Dow Jones, Nasdaq and S&P 500 then rose by around half a percent each at the opening on Friday.
“It shows the extent to which the market is clinging to any hope or expectation of a resolution to the conflict,” said Albert Brenner, a manager at investment adviser People’s United. Price turbulence must therefore be expected until a final ceasefire is reached.
When it came to companies, Oracle took the spotlight. Analyst Julie Bhusal Sharma from the research house Morningstar complained that the SAP rival had disappointed in both quarterly sales and profits despite some bright spots such as the cloud business. In addition, she sees few synergies in connection with the $28 billion takeover of IT service provider Cerner. She therefore considers the stock to be overvalued. Oracle titles were little changed at $ 76.70.
Thanks to a possible takeover by the financial investor Apollo, Pearson’s shares can look forward to the biggest daily profit in the company’s history. The educational publisher’s titles are up 26 percent in London to a seven-month high of 818 pence. According to its own statements, Apollo is considering an offer. However, a decision has not yet been made.
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AT&T: The announced focus on the core business encourages investors to get started. Shares in the telecom group rose 2.2 percent on Wall Street. After separating from its media division, the company plans to invest 48 billion dollars in the expansion of its fiber optic and 5G mobile network by next year.
Rivian: Shares fell 3 percent following the electric vehicle maker reported a bigger-than-expected loss. The forecast was also poor because the problems in the supply chain would limit production this year.
Didi Global: According to a report by the Bloomberg news agency, the driving service provider ssuspended plans for a Hong Kong listing. Didi is said to have failed to meet the demands of the Chinese supervisory authorities to revise the handling of sensitive user data. Shares on the US stock market fell 26 percent.
Docusign: The electronic signature company reported adjusted quarterly earnings of 48 cents a share, a cent above estimates. Sales were also above expectations. However, shares fell nearly 20 percent following Docusign issued a weaker-than-expected full-year guidance.
Ulta Beauty: The cosmetics retailer’s shares lost 0.3 percent. Earnings and sales for the past quarter have turned out better than expected. Ulta Beauty announced a new $2 billion share buyback.
Blink Charging: The maker of electric vehicle chargers reported a better-than-expected quarterly loss even as sales beat analysts’ estimates. Blink’s shares fell 6.7 percent.
Zumiez: Shares in the streetwear and action sports apparel maker fell 14 percent. The company’s quarterly figures missed analysts’ estimates. The forecasts for the current quarter also fell short of the estimates.
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