Highlights of the day: 19July

FinMeUp highlights of the day

South Africa

Aveng Limited

• Aveng has announced that, through its Australasia-based subsidiary McConnell Dowell, it has been awarded an AUD600 million (approximately R6,9 billion) contract by the Tasmanian Department of State Growth to deliver the New Bridgewater Bridge. 
• This will be Tasmanias largest-ever transport infrastructure project.
• The awarded contract will increase McConnell Dowells work in hand to approximately AUD3,0 billion (R35 billion).
• This iconic project will replace the existing lift span bridge built in the 1940s.
• Stock pick to be released on the app later this week!

BHP Group Limited- Quarterly activities report

• BHP has delivered record sales volumes from Western Australia Iron Ore, which has allowed them to capitalise on high iron ore prices.
• Full-year production guidance for iron ore and energy coal was achieved.
• Revised guidance for copper and metallurgical coal was also achieved.
• Full-year nickel production was lower than revised guidance due to a smelter problem in June.
• The Jansen shaft project was completed in the June 2022 quarter and Jansen Stage 1 is going according to plan. 
• BHP is working to bring forward Jansen Stage 1 first production into 2026 and is assessing options to accelerate Jansen Stage 2.
• The divestment of BHPs 80% interest in BMC to Stanmore and the merger of BHPs oil and gas portfolio with Woodside Energy were completed during the June 2022 quarter.

Omnia Holdings Limited

• Omnia made a declaration of a special dividend in the amount of 525 cents per share and has received approval.

Mr. Price Group Limited

• JP Morgan has increased its holding in Mr. Price and now holds 5.58% of the company.

Super Group Limited- Trading statement for the year ended 30 June 2022

• Super Group expects a HEPS of between 370 cents and 410 cents, representing an increase of between 29.6% and 43.7%.
• The annual report will be published on 30 August 2022.

The U.S.

IBM Earnings

• EPS of $2.31 beating expectations of $2.28.
• Revenue of $15.5B beating expectations of $15.25B.
• IBM now expects about $10 billion in consolidated free cash flow.

Netflix

• Netflix to charge $3 more for additional homes in Latin America.
• Netflix testing new password sharing plan in Latin America.

General Motors

• General Motors has announced it will start selling an Electric Chevy Blazer starting in mid-2023.

Tesla

• Tesla plans to expand Gigafactory Texas.
• "Tesla is planning to build on a 68.11-acre plot of land located adjacent to the factorys main property" TeslaRati

Berkshire Hathaway

• Warren Buffett's Berkshire Hathaway now owns 181.68M shares of Occidental representing about 18.2% of the company.

Twitter

• Elon Musk reportedly plans to file a counter lawsuit against Twitter in the coming days.
• The purpose of the countersuit would be to push a Delaware Court of Chancery judge to grant Musks lawyers more time and power to gather information about bots on Twitter.

Johnson & Johnson Earnings

• EPS of $2.59 beating expectations of $2.57.
• Revenue of $24.02B beating expectations of $23.81B.

Electronic Arts

• Electronic Arts have announced that Kylian Mpabbe will be on the cover of FIFA 23.

Lockheed Martin Earnings

• EPS of $1.16.
• Revenue of $15.4B missing expectations of $16.05B.
• The EPS of $1.16 is inclusive of non-operational charges. The adjusted EPS was $6.32.

Google & Shopify

• Google-owned YouTube has announced a partnership with Shopify.
• The partnership will allow "creators & merchants to feature their products across their YouTube channels and content".

Halliburton earnings

• EPS of $0.49 beating expectations of $0.44.
• Revenue of $5.07B beating expectations of $4.70B.

Biggest winners and losers

JSE

• Super Group +7.80%
• Vivo -3.06%

US

• AMD +2.81%
• Okta -1.61%

Crypto

• Bitcoin +0.6%
• Ethereum +5.4% (up 41% 7d)
• Solana +12% (up 40% 7d)