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Ferrari Crashes Most In A Year After Delaying 2022 Financial Target By A Year


by Tyler Durden
Tuesday, May 04, 2021 - 02:10 PM
In a world flooded with liquidity, where the backlog to get a new supercar is sometimes measured in years, one would think that ultra luxury carmakers would be soaring. Alas, that s not the case for Ferrari (RACE) today, whose stock plunged more than 8% in Milan trading,
the biggest drop since March 2020, making it the worst performer on the FTSE MIB and the Stoxx 600 Automobiles & Parts Index
after the supercar maker delayed by a year longstanding profit targets for 2022 initially set before the Covid-19 pandemic, adding to a roster of challenges for the carmaker that has been without a CEO for almost five months. ....

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Futures Hit All Time High In Sleepy, Overnight Session


by Tyler Durden
Tuesday, Apr 27, 2021 - 07:46 AM
For the second day in a row, U.S. equity futures are starting the day barely changed, up just 0.1% and at new all time highs, alongside Treasury yields as earnings reports added to positive sentiment regarding an economic recovery in the developed world despite some disappointment in the latest TSLA results. The S&P 500 and the Nasdaq closed at record levels on Monday, with the tech-heavy Nasdaq completing a full recovery from its 11% correction that began in February.
At 07:15 a.m. ET, Dow E-minis were up 12 points, or 0.04%, S&P 500 E-minis were up 4.5 points or 0.1% to 4,184, trimming earlier gains that pushed the Emini as high as 4,192.5, and Nasdaq 100 E-minis were up 20 points, or 0.14%. ....

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