(11th July) Share Your Trading Plans
GameStop — Shares of the video game retailer jumped 15.1% after the company said a 4-for-1 stock split was approved by its board. A stock split theoretically makes the stock more affordable for investors, but it doesn't change the fundamentals of the company.
Billionaire Elon Musk wants to end his $44 billion deal to buy Twitter, according to a letter sent by a lawyer on his behalf to the company's chief legal officer Friday.
But Twitter's board chair Bret Taylor said the company is still committed to closing the deal at the agreed-upon price and plans to pursue legal action to enforce the agreement.
"We are confident we will prevail in the Delaware Court of Chancery," Taylor wrote.
Twitter shares were down about 6% after hours on Friday.
In the letter, disclosed in a Securities and Exchange Commission filing, Skadden Arps attorney Mike Ringler said that "Twitter has not complied with its contractual obligations."
Ringler claimed that Twitter did not provide Musk with relevant business information he requested, as Ringler said the contract would require. Musk has previously said he wanted to assess Twitter's claims that about 5% of its monetizable daily active users (mDAUs) are spam accounts.
"Twitter has failed or refused to provide this information," Ringler claimed. "Sometimes Twitter has ignored Mr. Musk's requests, sometimes it has rejected them for reasons that appear to be unjustified, and sometimes it has claimed to comply while giving Mr. Musk incomplete or unusable information."
"Amazon.com's stake in Grubhub looks similar to its expansion in the UK food-delivery market with its share of Deliveroo and is undoubtedly going to pressure order-volume growth for Uber and DoorDash," BI analyst Singh said.
The rout in DoorDash's stock this year has come as the severity of the pandemic waned and people started stepping out, weighing on demand for online food delivery. In addition, investors have also been moving away from unprofitable, riskier assets in favour of safer havens in the face of a looming recession.
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$维珍银河(SPCE)$
$Toughbuilt Industries, Inc.(TBLT)$
财报季将于本周拉开帷幕，首先是大银行，投资者将密切关注它们能否实现高预期。以下是我们在周一公开赛前关注的内容。
与标准普尔500指数相关的期货价格持平，此前大盘指数周五创下历史新高。与纳斯达克100指数相关的期货上涨0.5%，表明在纳斯达克综合指数上周创下纪录后，科技股进一步上涨。道琼斯工业平均指数期货下跌0.3%。
Stock Market Updates
U.S. stocks posted modest weekly gains, reversing the negative trend of the previous week. There was a wide divergence across the major U.S. indexes, with the $NASDAQ(.IXIC)$ gaining nearly 5%, the $S&P 500(.SPX)$ adding 2%, and the $DJIA(.DJI)$ rising less than 1%.
As of last Friday, the Indexes and Market weekly and YTD performances are as below: $S&P/ASX 200(XJO.AU)$ increased 2.1%, $Straits Times Index(STI.SI)$ rose 2.1%.