Shares plummet after balance sheets, Selic stands still and what matters in the market

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The bleeding of the swings

After the balance sheets of big techs Alphabet (owner of Google) and Microsoft, announced on Tuesday (25), had sunk the shares of both companies, this Wednesday (26) it was time for Meta (owner of Facebook) to do the same. and Santander Brazil.

Highlight for the company of Mark Zuckerberg, whose shares plummeted 19% in the aftermarket.

in numbers: in this Wednesday’s trading session in the USA, Google plummeted 9.6%and Microsoft, 7.7%. The former disappointed in ad revenue, while the latter in the cloud computing business.

In BrazilSantander released its Q3 results before trading and they came in even worse than analysts had expected, which sent its shares down 5.26% in day.

• The bank reported net income of BRL 3.122 billion in the period, fall of 28% in the annual comparison and 23.5% compared to the previous quarter.

• The institution said it expected the result because it hit the brakes when it noticed a deterioration in the country’s macroeconomic framework and reduced the granting of credit. Analysts, however, had expected a smaller drop in profit, margin and profitability.

In the USA, Meta recorded a drop in revenue for the second consecutive quarter and had a drop in profit. The company also reduced its revenue estimates for the rest of the year, which contributed to the bad mood in the market.

• Big tech is going through an astral hell: global slowdown, growth in competition –read TikTok– and changes by Apple that have limited tracking of the behavior of its users.

• Some of these problems also affect other social networks, but Meta has invested a lot – including the name – in a path that is far from yielding results: the metaverse, an environment that proposes to mix virtual reality and the real world.

Selic stays where it is

The Central Bank’s Copom confirmed this Wednesday the expectations of everyone in the market and kept the Selic at 13.75% per year, as it had done at the previous meeting.

Analysts are now looking for clues from the BC to know when it will start to fall – today the market bets are for the middle of next year.

What explains: even with inflation projections for 2022 and 2023 above the targets pursued by the BC, each interest rate decision takes time to reach the economy.

• From now on, the year 2024 will gain more weight on the decision of the collegiate.

• The Copom forecast for that year’s inflation is 2.9%, a little below the 3% target, so the challenge is to get the interest rate right to bring the IPCA to the target.

And in investments? With the Selic maintained where it is, the nominal yields of the assets linked to it do not change. But as inflation projections have been falling, real income (discounting inflation) has increased.

• This is the case with savings, which, when the Selic rate is above 8.5% per year, yields around 70% of the basic rate. Today, your real income is 0.54% per year.

• Other fixed income assets, however, offer a real return well above savings with the Selic at the current level. See some of them below.

Apple will comply with the standard charger in Europe

An Apple executive said Wednesday that the company will comply with a rule that mobile devices sold in the European Union must adopt a single charger cable model, the UBS-C, by the end of 2024.

Apple iPhones have been using Lightning technology since 2012. “Obviously we will have to stick to it [a lei]. We don’t have a choice,” Apple’s vice president of marketing Greg Joswiak told a Wall Street Journal event.

He, however, did not elaborate on whether the change would only apply to models sold in EU countries or whether it would be adopted elsewhere. He also didn’t say when it would start to take effect.

Understand: the law passed by the European Parliament had as arguments an economy of 200 millions of euros (R$ 1.07 billion) per year by avoiding the purchase of new chargers and the reduction of more than a thousand tons of electronic waste in the countries of the bloc.

Apple was against the measure considering that it is a brake on innovation. Joswiak countered the waste reduction argument and said that more than a billion people already have Lightning chargers, which would be obsolete with USB-C adoption.

Is here? In the same way as the EU, Anatel (National Telecommunications Agency) opened a public consultation from June to September for the proposal to standardize USB-C chargers for cell phones.

More about Apple:

• The country’s rigid strategy had already led the American company to shift part of its production to India.

Musk, the sink and Twitter

Everything indicates that billionaire Elon Musk should close the purchase of Twitter on Friday (28), the deadline established by court decision.

This Wednesday, he visited Twitter’s headquarters in San Francisco (USA) and tweeted a video of himself carrying a porcelain sink into the building.

• “Going into Twitter HQ – get this!” he wrote. [num trocadilho com a palavra “sink”, que em inglês pode significar tanto “pia” quanto “entendam” ou “aceitem”, na expressão “sink in”].

• The Tesla and SpaceX owner also changed his Twitter profile description to “Chief Twit”.

another sign that the transaction will take place is the transfer from the banks to the Musk account of the $13 billion that they pledged to fund in the purchase of the social network, the Wall Street Journal reported.

Remember: after a rumored back-and-forth, Musk said earlier this month that he would agree to buy Twitter for its original offer made in April of $44 billion (R$ 234 billion).

• Before that, the businessman even gave up on the deal alleging that the social network had lied to user statistics, but the imminence of a lawsuit made him go back and close the purchase. We talk about the comings and goings here.