Hugo Silva
Dear friends, Here is the news of the top of today's Market Movers (Part 1 of 2) 📈 $DAL (Delta Air Lines Inc (DE)) 1.87% The airlines group trading higher this morning after Delta reported better than expected quarterly results, DAL posts Q4 adj. EPS of 22 cents ahead of estimates of 14 cents, however the company flagged significant headwinds from Omicron variant of COVID-19. DAL posts Q4 revenue of $9.47 mln vs estimates of $9.21 mln. The company said it benefited from strong holiday travel demand in the qtr, expects the recovery of flights to resume around the Presidents Day holiday in February. 📈 $BA (Boeing) 2.52% A Bloomberg report this morning is suggesting the company's troubled 737 Max jets could get the green light to resume flight operations in China as soon as this month. No specific date was given with the report citing “sources” close the operation. 📈 $TSM (Taiwan Semiconductor Manufacturing Co Ltd - ADR) 4.57% Chipmakers are higher premarket after the company posted a new record net profit in the fourth quarter of 2021, up more than 6 percent from the previous quarter as its gross margin continued to improve. TSMC, the world's largest contract chipmaker, said it earned a fourth-quarter net profit of NT$166.23 billion (US$6.0 billion), up 6.4 percent from the third quarter and up 16.4 percent from the same period one year earlier. The chipmaker's EPS of $1.15/share beats by $0.04, revenue of $15.74B however missed by $30M. 📈 📉 $TPG (TPG Inc.) 0 PE firm set to make its debut on the Nasdaq today after raising $1 billion in its U.S. initial public offering (IPO) at a valuation of $9.1 billion. TPG said on Wednesday it priced its IPO at $29.50 per share. The buyout firm had said this week it planned to sell the shares at between $28 and $31 apiece. The Fort Worth, Texas-based firm has nearly $109 billion in assets under management, with investments in companies including $ABNB (Airbnb Inc), $SPOT (Spotify ) , Burger King and $MCFE.
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