Didi ($DIDI) – The Chinese ride-hailing giant has been kicked around to no end since going public. To put the cherry on top, Bloomberg reported that the CCP has a whole lot of punishment in store for the company, including; record fines larger than Alibaba's $2.8bn, suspension of certain operations, and delisting or withdrawal of U.S. shares. Everyone wants to set a record, but maybe aim for something other than the largest fine ever. Just an idea. Shares were down 11.2% yesterday.
Unilever PLC ($UL) – Be honest, what would you really do for a Klondike bar? Apparently not enough because the firm that makes them got beaten down yesterday after yet another earnings release. Unilever, the holding company of some of your favorite products, ranging from Axe Deodorant to Ben & Jerry's ice cream, is heavily impacted by inflation. As a result, margins tightened, especially in their detergent, hair care, and ice cream business lines. Investors were less than pleased, letting shares fall 5.4%.
Texas Instruments Inc. ($TXN) – In the market's latest temper tantrum, shares of Texas Instruments are down 5.3%. The semiconductor and integrated circuits maker released estimates for their quarter ending in September, and Wall Street immediately vomited as a result. Basically, the high chip demand now is seen to indicate lower chip demand later as the shortage eases up. I guess that's the problem with making too much money, you better keep it up.