GLOBAL MARKETS LIVE: Aibnb, Salesforce, AT&T

02/26/2021 | 10:19am

Many, many corporate results to close the week, with heavyweights such as BASF, Airbnb, DoorDash and Beyond Meat. Huawei is interested in electric vehicles, and the shortage of semiconductors also hits Tesla.

 

 

Airbnb posted a heavy net loss of $3.9 billion over the period, or -$11.24 per share. This is lower than the consensus expectation of -$9.16 per share.

BASF: the German group is targeting an adjusted operating profit of between €4.1 and €5 billion this year, with a consensus at the upper end of the range at €4.9 billion.

Beyond Meat: the share price is holding up after the close, despite rather disappointing results.

DoorDash: results were better than expected, but the share price fell by 12% in the off-event period as the chase for generously valued technology stocks continued.

Ferrovial: the Spanish group posted a loss of €410 million in 2020, due to the drop in activity in concessions. The disposal of the services business was delayed due to the context.

HP Inc: the share remains unreacted after the publication of Q4 results.

LafargeHolcim: 2020 results are better than expected. A dividend of CHF 2 will be proposed, in line with forecasts. This year, recurring operating income is expected to grow by approximately 7%.

Salesforce: the stock is hectic during the off-season, purging in technology stocks, despite better-than-expected quarterly results and prospects.

AT&T sells a portion of the capital of its pay-TV division to TPG.

Tesla announced a two-day suspension of production at its California plant due to a semiconductor shortage in the industry.

France approves Eli Lilly's monoclonal antibody-based anti-covid treatment.

The future U.S. Trade Ambassador wants to end the conflict between Airbus and The Boeing Company.

Pfizer's vaccine licensed for storage at freezer temperatures.

SIG Combibloc completes the 100% takeover of the Obeikan joint venture.

Huawei is interested in electric vehicles, according to Reuters.

Romain Fournier
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