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Highlights of the day: 18 July

March 1, 2024
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FinMeUp
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FinMeUp

FinMeUp highlights of the day

 

South Africa

Lewis Group Limited

  • Dimensional Fund Advisors LP has acquired shares in Lewis Group and now owns 5.152% of the issued capital of the company.
  • LSV Asset Management acquired shares in Lewis Group and now holds 5.28% of the issued capital of the company.

 

The U.S

Goldman Sachs Earnings

  • EPS of $7.73 beating expectations of $7.25.
  • Revenue of $11.86B beating expectations of $10.96B.
  • The company also announced it will be increasing its quarterly dividend to $2.50 per share up from its previous quarterly dividend of $2.00 per share.

Coinbase

  • Coinbase has won approval from Italian regulators to "provide ongoing crypto services to its residents".

Alphabet [Google]

  • Googles stock split has officially set in. The 20-for-1 split means investors will receive an additional 19 shares for each one they already own

General Motors

  • Following General Electric's planned spin-offs, here's what the 3 new companies will be called:
  • The Aviation business will be GE Aerospace.
  • The Healthcare business will be GE Healthcare.
  • The remainder will come together as GE Vernova.

Bank of America Earnings

  • EPS of $0.73 missing expectations of $0.78.
  • Revenue of $22.70B missing expectations of $22.78B.

Snapchat

  • Snapchat is creating a web version of its app for the first time ever.

 

Biggest winners and losers

JSE

  • Exxaro +7.41%
  • Telkom -5.84%

US

  • Nvidia +3.42%
  • Netflix -6.75%

Crypto

  • Bitcoin +4.4%
  • Ethereum +9.2%
  • Matic +17.8%

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