Market Summary 06/11/2020
1. Shopify will ring its e-commence to TikTok
2. AMD looks to buy chip peer Xilinx for $35 billion in data centre push
3. Dunkin’ Brands shocked investors this week as talks overtaking it rose
4. The Google parent company was the star of the evening after crushing expectations with revenue of $46.17 billion and EPS of $16.40
5. The world’s largest e-commerce platform posted sales growth of 37% to $96.15 billion, with earnings per share smashing expectations at $12.37 versus the $7.41 estimate
6. The Australian firm topped analyst estimates with earnings of $0.30 per share on revenue of $459.5 million
7. Everyone wants a pickup according to Ford’s blowout Q3 earnings, which saw EPS come in at a whopping $0.65 versus $0.19 expected, on revenue of $34.71 billion versus $33.51 billion
8. The American sports equipment company topped expectations today, reporting revenue of $1.43 billion versus the $1.16 billion expected. EPS rose to $0.26
9. Despite strong Mac and iPad sales, Apple’s earnings disappointed as iPhone revenue of $26.44 billion missed estimates, while EPS of $0.73 on overall revenue of $64.7 billion barely beat the Street
10. Microsoft got the ball rolling for Big Tech on Tuesday after reporting expectation-beating earnings of $1.82 on revenue of $37.15 billion. However, guidance for the current quarter disappointed at between $39.5 and $40.4 billion, causing shares to fall on Wednesday
11. The virus showed us yet again this week that it’s in charge. Global yields had only just started climbing, with polls suggesting Democrats have a shot at a clean sweep of the White House and Congress and an unfettered decision on a large spending package
12. Christine Lagardedidn’t mince words in Thursday’s European Central
