FlowBank's hand-curated fresh financial news [header_noDither] 1.2.2023 Plug Power Price Targets Doubled Shares of Plug Power, a company specializing in hydrogen fuel cells, have seen a significant increase of over 25% in the past week, partly fueled by yesterdays 17.8% gain. This surge comes after a period of decline due to bankruptcy concerns raised in November. However, the company's fortunes began to improve after it announced the commencement of operations at its new green hydrogen plant in Georgia, the largest in the U.S. This development, along with a positive re-evaluation from Roth MKM analyst Craig Irwin, who raised the firm's stock price target for Plug Power to $9, has contributed to the stock's recent rally. WHAT'S MOVING [Group 1742 (16)-1] [Start Trading](113/cXx8Z04/VWJ7Z38fc5RXW4mVf6M4qM336W4zFhY958-vq-N1RGL-F2-ZVTW6N1vHY6lZ3pQW7p9N1d8HFqppW1XC4WY29KRk0VvsV2Q440_WCW1tngnz8bBy9PW1bkBc17nRZ-cN8lWwDCsLdQbW8mlVwJ3BW7_8W9fQWxk6YTHVxW7QLr4L7NDCgCW10xgP88HxggFW3YvLvn3j6vFsW6r7Bf069vGYJVDDf-l2vlRHwW8Fd_-396kQXgW40YCJY8-GFnTN1mZGXNVLYxQW6-rY985HrJ5JW76VfVT4Wk6rnW4jsFMS4VkjfhVJRgNF8LXBDdW8gX0pf6pKZ0QW1Lrwkp1qtj70f4YF6Jb04) [Group 3 (14)-1] Deutsche Bank Deutsche Bank exceeded fourth-quarter earnings forecasts with a 1.3 billion euro profit and has announced plans to increase shareholder returns to 1.6 billion euros in 2024, despite a nearly 30% YoY decline in profit. The bank intends to boost share buybacks and dividends by 50%, including a 675 million euro buyback and 900 million euros in dividends for 2023. [Group 1752 (7)] Adidas Adidas caught the markets off guard by releasing its fourth-quarter results early, which were satisfactory but sparked worries about a slowdown in athleticwear demand for 2024, causing unease across the industry. [Group 1750 (14)] Qualcomm Qualcomm exceeded expectations with quarterly earnings of $2.75 per share, surpassing the predicted $2.38 and showcasing a 15.55% earnings surprise, continuing its trend of beating consensus estimates in three of the last four quarters. With revenue reaching $9.94 billion, a 4.52% beat over estimates. WHAT'S COMING UP? EUR: CPI (YoY) (Jan): Exp. 2.7% v Prev. 2.9% GBP : BoE Interest Rate Decision (Jan): Exp. 5.25% v Prev. 5.25% USD: Initial Jobless Claims: Exp. 213K v Prev. 214K USD: S&P Global US Manufacturing PMI (Jan): Exp. 50.3 v Prev. 47.9 USD: ISM Manufacturing PMI (Jan): Exp. 7.2 v Prev. 47.4
USD: ISM Manufacturing Prices (Jan): Exp. 46.0 v Prev. 45.2 IN OTHER NEWS Wall Street S&P 500 and Nasdaq 100 futures experienced an uptick, increasing by 0.21% and 0.34% respectively, while Dow Jones futures rose by 39 points or 0.1%, following a challenging day for major stock indices after the Federal Reserve decided to maintain current interest rates and indicated a rate cut in March is unlikely. [Group 1769] Europe European markets are anticipated to open with mixed movements, with the U.K.'s FTSE 100 expected to rise by 23 points, while Germany's DAX, France's CAC, and Italy's FTSE MIB are predicted to decline by 42, 12, and 16 points respectively. MARKET INSIGHTS Star Power Economics: The Market Impact of Celebrity Endorsements Ever wondered how the charm of George Clooney or the athletic prowess of Michael Jordan could impact the stock price of your favorite coffee brand or sports apparel? [Read more](113/cXx8Z04/VWJ7Z38fc5RXW4mVf6M4qM336W4zFhY958-vq-N1RGL-22-ZVTW5BW0B06lZ3pDW1MF_vH4tQ9C4W5b93MQ7QyNxhW6hpJf08lMhS2W7zHzBN4kTgKGW2z65Tm1rKYVpVqPt1n2FLv9QW4bqtct3ywVlNVxmJDD3cW7SkW4zt29L2RqFV4VcTyFW91j6XhW4NkK4q31ZbHRW4wRJFn3g6sZJW5mPgXl47FL9nW2Bptvk1sgWlQW728xr_4ly-3jW2ZzrBh98nLTjW19RK926k-R4fW8P7kyf8GbrRqf8xX8jM04) Please note that due to market volatility, some of the prices may have already been reached and scenarios played out. The information above is not investment advice. [flowbank-logo-2022-green-3] [Facebook](113/cXx8Z04/VWJ7Z38fc5RXW4mVf6M4qM336W4zFhY958-vq-N1RGL-22-ZVTW5BW0B06lZ3nWW6vNM6K5NKYL6N850h-_Wh_QMW5rgQ7x1LGS7DW415WlT3nhVmSW16lnbg6jCvlnW3wFs593J61xvW7cZVrT4dcW41W7Q4DkJ2wtdg6N3gdJCkJ_k3rV-DzD033vLd5W5dBvSr9k2gQKW7T_-7x6RS2lxW56BQNn9bjyGPW7Ch7Yy1XpCvFW6km-908lS_KXW6CpMF66M7Jr2W6mRz6P4SzWvHN2X3LK41FFn2f3N3SzC04)
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