Pinterest Saw an Acquisition Rumor and ASML ADR Reported Quarterly Earnings 💰

Pinterest Saw an Acquisition Rumor and ASML ADR Reported Quarterly Earnings

Pinterest

Pinterest is a social media company located in San Francisco, California. It allows users to find inspiration for things like DIYs and home decoration. Although it seems a bit insignificant, the company is valued at $40.41 billion.

On Wednesday, there were rumors that Pinterest would be acquired by tech giant PayPal. This news shook the markets as it makes no sense, but some realizations came. Pinterest’s likelihood to be acquired seems to be higher than normal now, and PayPal is trying to become a super app like WeChat in China. Pinterest investors were encouraged that the acquisition would be at a premium, so the stock rose to $62.68, up 12.77%.

ASML ADR

ASML is a technology company that manufactures semiconductors and chips. They are a foreign company located in the Netherlands, and they have a market cap of $317.313 billion, making them a very large player in the industry.

ASML reported their third quarter earnings on Wednesday, and there were ups and downs. They had earnings of $4.97 per share, which beat expectations by a sizable amount, but sales fell short. Revenue slightly beat expectations, with the company receiving $6.1 billion, which fell short of the $6.17 billion expectation. The chip shortage is heavily affecting the company, and it was shown with the sales, which disappointed investors. Due to this, ASML closed the day at $767.70, down 4.15%

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:
More Posts
OPEC’s Decision 🛢

OPEC leaders just hosted an important late-November meeting that may signal a change in strategy.

Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.