Recap

Amazon (AMZN), Apple (AAPL) and Meta (FB) all lift the bonnet on their quarters in a volatile week on the US markets. Kogan’s (KGN) stockpiling of inventory backfires somewhat as customers return to stores. NZ Herald’s Business Editor at Large Liam Dann chats about Elon Musk and his pursuit of Twitter.

Liam Dann on Musk and Twitter (paywalled)

Recode Media: Elon and Twitter: A love/hate story

Farhad Manjoo: Is Elon Musk Really That Bad? (paywalled)

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New Zealand Oil & Gas (NZO) is looking to switch its primary listing to the ASX and launch a rights offering. Alphabet (GOOGL) misses estimates for its first quarter results, YouTube came in at $6.87 billion vs. $7.51 billion expected. Microsoft (MSFT) results meet and beat expectations for the third quarter across the board.

Who is Clippy?

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The Twitter (TWTR) board votes unanimously to approve Elon Musk’s bid to buy the social media company. QEX Logistics is delisted from the NZX after a saga of censures and fines for not meeting market disclosure obligations. Pushpay (PPH) informs the NZX it's received buyout offers and interest from third parties.

New Zealand Shareholders’ Association

Financial Markets Authority

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Elon Musk shakes off the Twitter (TWTR) board’s poison pill and comes back with funding and a plan. MOVe Logistics (MOV) has applied to become a foreign exempt entity in the ASX: it could be dual listed by the end of May. Independent economist and Casual Friday guest Tony Alexander makes sense of the latest annual inflation rate, how we got here and what’s on the cards for the next year or so.

Tony’s latest edition of Investing Insights

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Netflix (NFLX) share price drops 25 percent. Johnson & Johnson (JNJ) beats Q1 estimates, but reports weak demand for its Covid-19 vaccine. Ramsay Health Care (RHC) says it's received a takeover bid from a consortium led by KKR & Co (KKR), if it goes through it could be the biggest overseas private equity purchase in Australian history.

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US banks have not fared well this earnings season, but Bank of America’s (BAC) consumer lending business gives it a left. The wave of unionisation has breached  Apple’s (AAPL) shores, workers at a New York store plan to organise and petition for better conditions. Rus Bioscience (RUA) is to produce revenue after launching their first medicinal cannabis medicine.

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To fight inflation the Reserve Bank hikes the OCR by 0.5 percent. Lululemon (LULU) launches a trade-in and resell programme for gently used leggings, tops and jackets later this month in the US. NZME (NZM) inks an agreement with Meta (FB) to support subscriber growth and retention.  New Zealand King Salmon (NZK) seeks $60.1 million NZD to change its farming model and reverse high fish mortality rates.

On Thursday the 14th of April, Chapman Tripp senior associate Philip Ascroft and Frances Cook (Investments Editor at Business Desk) talk about rights offers on Shared Lunch. Register to watch!

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Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider.

Shopify (SHOP) wants to restructure its shares with a stock split and unorthodox shares for CEO Tobi Lütke. The Commerce Commission has granted provisional approval for the NPA to start collective bargaining with the Meta (FB) and Google (GOOGL) overlords for content deals. ResApp (RAP) signs a deal for a takeover by Pfizer (PFE) for its machine learning technology which detects Covid-19 from audio recordings.

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Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider.

Spark (SPK) starts a process that may lead to selling off part of its cell tower network. Amazon (AMZN) argues the election that created the first union of its workers was “tainted”. BlueScope (bsl) is to buy Cornerstone Building Brands (CNR) owned Coil Coatings  for $500  million USD expanding its US holdings greatly.

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Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider.

Join us for an interview with Air New Zealand CEO Greg Foran where he takes us through why the company is undertaking this $2.2 billion capital raise and its plans for the future.   We also put to Greg some of the most common questions that Sharesies investors are asking.

Air New Zealand rights offer: a rundown

Investing involves risk, you aren’t guaranteed to make money and you might lose the money you started with. Any information we provide is general only and current at the time. If you're looking for help with your investment choices, we recommend talking to a licensed financial advice provider.  We won’t be providing any personalised advice as part of this webinar.

Sharesies will be paid a fee from Air New Zealand for distributing the offer to Sharesies investors.