Highlights of the day: 18 July

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%