Liveblog Archief dinsdag 26 januari 2021

TOP NEWS
• GE tops free cash flow estimates, provides upbeat 2021 outlook
General Electric posted better-than-expected quarterly free cash flow and set an annual target for the key performance measure at $2.5 billion to $4.5 billion, as it benefits from a recovery at its power and renewable energy units.

• Johnson & Johnson promises vaccine data "soon"
Johnson & Johnson said it would share details from its widely watched coronavirus vaccine trial soon, as the healthcare conglomerate races to develop a potential single-dose vaccine for COVID-19.

• 3M profit rises after boost from healthcare
3M, which makes N95 face masks and Post-it notes, reported a higher quarterly profit, helped by an increase in demand for its healthcare products during the COVID-19 pandemic.

• Leon Black step downs as Apollo CEO after review of Epstein ties
Leon Black said on Monday he would step down as chief executive at Apollo Global Management, following an independent review of his ties to the late financier and convicted sex offender Jeffrey Epstein.

• D.R. Horton's profit beats on low mortgage rates, shift to suburbs
U.S. homebuilder D.R. Horton raised its forecast for 2021 home sales and topped Wall Street estimates for quarterly profit as low mortgage rates and a shift towards suburban living continued to whet buyer appetite.


BEFORE THE BELL
U.S. stock index futures edged lower as investors refrained from making big bets ahead of a series of quarterly earnings reports from Corporate America and Federal Reserve's policy meeting, while concerns over a pandemic-relief package also weighed on sentiment. Gains in financial services and chemical sectors helped European stocks rise. Japan’s Nikkei closed lower as worries about delays in distributing coronavirus vaccines, delay in U.S. stimulus package and jitters before earnings season triggered profit-taking. The dollar was little changed, and gold prices slipped. Oil ticked up amid reports of a blast in Saudi Arabia. U.S. consumer confidence data is due later in the day.


STOCKS TO WATCH
Results
• 3M Co: The company, which makes N95 face masks and Post-it notes, reported a higher quarterly profit, helped by an increase in demand for its healthcare products during the COVID-19 pandemic. The company forecast 2021 earnings per share at between $9.20 and $9.70, or $9.45 at the midpoint, which was below analysts' average estimate of $9.52 per share. 3M said its full-year total sales would grow in the range of 5% to 8%. Net income attributable to 3M rose 43% to $1.40 million, or $2.38 per share, in the fourth quarter ended Dec. 31.

• Autoliv Inc: The company reported higher than expected quarterly earnings, boosted by a recovery in car production following a plunge due to the coronavirus pandemic. Autoliv said it expects around 20% organic sales growth and an adjusted operating margin of about 10% in 2021. Autoliv reported a fourth-quarter operating profit of $307 million compared with a $229 million profit in the year-ago quarter and a mean forecast of $283 million based on a poll of analysts published by the company. On an adjusted basis, operating earnings were $311 million, up from $242 million a year earlier, the company said. Quarterly like-for-like sales grew 12.7%.

• D.R. Horton Inc: The homebuilder raised its forecast for 2021 home sales and topped Wall Street estimates for quarterly profit as low mortgage rates and a shift towards suburban living continued to whet buyer appetite. Horton now expects home sales in fiscal year 2021 to be between 80,000 and 82,000 homes, compared with its previous forecast of between 77,000 and 80,000 homes. Total revenue rose to $5.93 billion, from $4.02 billion on-year. Net income attributable to the company rose to $791.8 million, or $2.14 per share, from $431.3 million, or $1.16 per share, in the year-ago period.

• General Electric Co: The company posted better-than-expected quarterly free cash flow and set an annual target for the key performance measure at $2.5 billion to $4.5 billion, as it benefits from a recovery at its power and renewable energy units. Profit at GE's power unit rose 3% in the quarter, compared with last year. Adjusted profit for the fourth quarter ended Dec. 31 came in at 8 cents per share.

• Johnson & Johnson: The company said it would share details from its widely watched coronavirus vaccine trial soon, as the healthcare conglomerate races to develop a potential single-dose vaccine for COVID-19. Data from Johnson & Johnson's single-dose COVID-19 shot is expected this month, with global hopes to battle the virus riding on multiple vaccines to ensure adequate supply. Johnson & Johnson also forecast 2021 adjusted profit of between $9.40 and $9.60 per share after its fourth-quarter sales rose to $22.48 billion from $20.75 billion.

• Novartis AG: The company said delays of two blockbuster hopefuls - heart drug Leqvio that cost it $10 billion and $2.1 million-per-patient Zolgensma - remain in regulators' hands, dragging on sales already hit by the pandemic. Chief Executive Vas Narasimhan, who reported fourth-quarter results that missed expectations, said cholesterol-reducing Leqvio's approval timeline depends on the U.S. Food and Drug Administration, after the agency flagged a supplier's "facility inspection-related conditions". Moreover, expanding Zolgensma to older patients is stalled, as the FDA seeks safety data. Sales rose 1% to $12.77 billion, missing the $12.88 billion poll forecast, as COVID-19 lockdowns hurt drug sales. Novartis proposed raising its dividend 1.7% to 3 Swiss francs, and forecast 2021 net sales growing at a low- to mid-single-digit percentage rate.

• UBS Group AG: The company reported its highest annual pre-tax profit of the post financial crisis era, as lending to the world's ultra-rich and bumper trading volumes during the global pandemic triggered a surge in revenue. The results handily beat forecasts, as investment gains and lower provisions for expected credit losses helped the bank post fourth-quarter net profit of $1.708 billion, nearly double the $966 million analysts expected for the quarter. Investment banking saw pre-tax profit jump to $529 million from a loss in the fourth quarter of 2019, thanks to double-digit revenue growth in both its trading and advisory businesses, and as it pared back costs.

Moves
• Apollo Global Management Inc: Leon Black said on Monday he would step down as chief executive at Apollo Global Management, following an independent review of his ties to the late financier and convicted sex offender Jeffrey Epstein. While Black, whose net worth is pegged by Forbes at $8.2 billion, will remain Apollo's chairman, his decision to step down illustrates how doing business with Epstein weighed on the reputation of one of Wall Street's most prominent investment firms. Black co-founded Apollo 31 years ago. Apollo said it plans to change its corporate governance structure, doing away with shares with special voting rights that currently give Black and other co-founders effective control of the firm. The independent review, conducted by law firm Dechert LLP, found Black was not involved in any way with Epstein's criminal activities. Black paid Epstein $158 million for advice on tax and estate planning and related services between 2012 and 2017, according to the review.

• Apple Inc: The company’s hardware engineering chief, Dan Riccio, will step down to oversee a new project, the iPhone maker said on Monday, providing few details on the longtime executive's latest role. Riccio will report to Chief Executive Officer Tim Cook, Apple said in a statement. He will be replaced by company veteran John Ternus, who will join the executive team as senior vice president of hardware engineering. Riccio, who joined Apple over two decades ago as vice president of product design, was named vice president of iPad hardware engineering in 2010 and leads the Mac, iPhone, iPad and iPod engineering teams.


In Other News
• Alphabet Inc: Google said on Monday it will not make contributions from its political action committee this election cycle to any Congress member who voted against certifying the results of the presidential election. Earlier this month, following the violent storming of the U.S. Capitol, the tech giant had paused all political contributions to reassess its policies toward political contribution. "Following that review, the NetPAC board has decided that it will not be making any contributions this cycle to any member of Congress who voted against certification of the election results," a Google representative said in a statement.

• Aspirational Consumer Lifestyle Corp: Wheels Up Partners is in talks to go public through a merger with blank-check acquisition company Aspirational Consumer Lifestyle in a deal which could value the private jet charter company at more than $2 billion, people familiar with the matter said on Monday. Aspirational Consumer Lifestyle has engaged with potential investors to buy into a private investment in public equity, or PIPE, transaction to raise additional funding for the deal to invest in Wheels Up, the sources said. The sources, who requested anonymity to discuss the transaction, cautioned that it is possible talks could still collapse.

• AstraZeneca PLC: The company denied on Monday its COVID-19 vaccine is not very effective for people over 65, after German media reports said officials fear the vaccine may not be approved in the European Union for use in the elderly. German daily papers Handelsblatt and Bild said in separate reports the vaccine - co-developed by AstraZeneca and Oxford University - had an efficacy of 8% or less than 10%, respectively, in those over 65. German officials were concerned that the vaccine may not receive approval from the EU's medicines authority EMA for use in those over 65, Bild said in its online edition. Meanwhile, there is no data that would suggest efficacy of only 8% among older people for AstraZeneca's COVID-19 vaccine, the German health ministry said in response to corresponding media reports. Meanwhile, European Union member states could take AstraZeneca to court for a breach of supply contracts if the company does not honour the COVID-19 vaccine delivery schedule, Latvian foreign affairs minister Edgars Rinkevics said.

• Blackstone Group Inc: India's Aadhar Housing Finance, backed by private equity firm Blackstone, has filed for an initial public offering of up to $999.68 million, draft papers submitted to the market regulator showed. The offering will comprise a fresh issue of shares worth up to 15 billion rupees by the housing financier and shares worth up to 58 billion rupees by BCP Topco VII Pte Ltd, an entity managed by Blackstone that owns 98.72% in the company.

• Endo International Plc & Amneal Pharmaceuticals Inc: The U.S. Federal Trade Commission said on Monday it has filed a lawsuit against Endo Pharmaceuticals and Impax Laboratories that alleges a 2017 agreement eliminated competition between the companies for the pain medicine oxymorphone ER. In addition to Endo Pharmaceuticals and Impax Laboratories, the lawsuit names as defendants Endo International and Impax's owner, Amneal Pharmaceuticals, the agency said. Endo said in a statement that the lawsuit was "meritless" and that its agreement with Impax "had no adverse impact on actual or potential competition."

• Merck & Co Inc: A U.S. judge granted a Reuters request to unseal Merck & Co documents produced in lawsuits related to its anti-baldness treatment Propecia, finding that the public's right to access outweighed the drug maker's arguments for keeping the information secret. Plaintiffs suing Merck alleged that the company did not fully disclose on Propecia's label the incidence and duration of sexual dysfunction in men who took the drug in clinical trials. As part of an investigation of the impact of court secrecy on public health and safety, Reuters published an article in 2019 that examined the basis for those allegations, but many internal Merck documents that might have shed further light on the case remained under seal.

• Pfizer Inc: Sweden's Health Agency has paused COVID-19 vaccine payments to Pfizer and is seeking clarification over the amount of doses available in each vial, Swedish daily Dagens Nyheter reported. Sweden is seeking clarity on the number of doses it has been billed after Pfizer charged for six doses in each vial rather than the agreed upon five doses. Sweden now want the EU Commission and Pfizer to reach an agreement on how many doses there are contained in each vial. "Until then, we have told the company that we must wait with the invoices that are available until we get clarity on what applies," Chief Epidemiologist Anders Tegnell told Dagens Nyheter.


FOCUS
More carats and sparkle: How LVMH plans to change Tiffany
French luxury goods group LVMH plans to overhaul Tiffany & Co's vast merchandise lineup to focus more on gold and precious gems while going more upmarket with its silver bangles after closing the $15.8 billion takeover of the U.S. jeweller this month.


ANALYSTS' RECOMMENDATION
• Axonics Modulation Technologies: Piper Sandler raises target price to $64 from $57, following strong fourth-quarter results amid the significant impact of COVID-19 pandemic, especially in November and December months.

• Blackberry Ltd: RBC cuts rating to underperform from sector perform, citing no fundamental changes in the company's software and services along with saying the probability of an unannounced IP licensing gain appears to be low.

• Cadence Bancorporation: RBC raises target price to $23 from $22, following collar gain benefitted fourth-quarter results and improving credit driving stronger outlook.

• Franchise Group Inc: Barrington Research raises target price to $40 from $33, after the company announced that it has entered into a definitive agreement under which it will acquire Pet Supplies Plus from Sentinel Capital Partners in an all-cash transaction valued at approximately $700 million.


ECONOMIC EVENTS (All timings in U.S. Eastern Time)
0900 (approx.) Monthly home price mm for Nov: Prior 1.5%
0900 (approx.) Monthly home price yy for Nov: Prior 10.2%
0900 (approx.) Monthly Home Price Index for Nov: Prior 307.0
0900 Caseshiller 20 mm SA for Nov: Expected 1.0%; Prior 1.6%
0900 Caseshiller 20 mm NSA for Nov: Prior 1.3%
0900 Caseshiller 20 yy for Nov: Expected 8.6%; Prior 7.9%
1000 (approx.) Consumer Confidence for Jan: Expected 89.0; Prior 88.6
1000 (approx.) Rich Fed Composite Index for Jan: Prior 19
1000 (approx.) Rich Fed Services Index for Jan : Prior -9
1000 (approx.) Rich Fed Manufacturing Shipments for Jan: Prior 12
1030 (approx.) Texas Service Sector Outlook for Jan: Prior -4.3
1030 (approx.) Dallas Fed Services Revenues for Jan: Prior 4.2


COMPANIES REPORTING RESULTS
Advanced Micro Devices Inc: Expected Q4 earnings of 47 cents per share
Alaska Air Group Inc: Expected Q4 loss of $2.87 per share
Boston Properties Inc: Expected Q4 earnings of 59 cents per share
Capital One Financial Corp: Expected Q4 earnings of $2.86 per share
CH Robinson Worldwide Inc: Expected Q4 earnings of 97 cents per share
F5 Networks Inc: Expected Q1 earnings of $2.47 per share
Freeport-McMoRan Inc: Expected Q4 earnings of 38 cents per share
Lockheed Martin Corp: Expected Q4 earnings of $6.41 per share
Maxim Integrated Products Inc: Expected Q2 earnings of 68 cents per share
Microsoft Corp:. Expected Q2 earnings of $1.64 per share
Nextera Energy Inc: Expected Q4 earnings of 37 cents per share
Paccar Inc: Expected Q4 earnings of $1.22 per share
Prologis Inc: Expected Q4 earnings of 36 cents per share
Starbucks Corp: Expected Q1 earnings of 55 cents per share
Varian Medical Systems Inc: Expected Q1 earnings of $1.10 per share
W. R. Berkley Corp: Expected Q4 earnings of 79 cents per share


CORPORATE EVENTS (All timings in U.S. Eastern Time)
0800 Brown & Brown Inc: Q4 earnings conference call
0800 General Electric Co: Q4 earnings conference call
0830 AGNC Investment Corp: Q4 earnings conference call
0830 American Express Co: Q4 earnings conference call
0830 D.R. Horton Inc: Q1 earnings conference call
0830 Johnson & Johnson: Q4 earnings conference call
0830 Raytheon Technologies Corp: Q4 earnings conference call
0830 Rockwell Automation Inc: Q1 earnings conference call
0830 Steel Dynamics Inc: Q4 earnings conference call
0830 Synovus Financial Corp: Q4 earnings conference call
0830 Verizon Communications Inc: Q4 earnings conference call
0900 3M Co: Q4 earnings conference call
0900 Archer-Daniels-Midland Co: Q4 earnings conference call
0900 Invesco Ltd: Q4 earnings conference call
0900 Nextera Energy Inc: Q4 earnings conference call
0900 Nextera Energy Partners LP: Q4 earnings conference call
1000 Brooks Automation Inc: Annual Shareholders Meeting
1000 Crane Co: Q4 earnings conference call
1000 Freeport-McMoRan Inc: Q4 earnings conference call
1000 Polaris Inc: Q4 earnings conference call
1100 Equity LifeStyle Properties Inc: Q4 earnings conference call
1100 Graco Inc: Q4 earnings conference call
1100 Lockheed Martin Corp: Q4 earnings conference call
1130 Alaska Air Group Inc: Q4 earnings conference call
1130 Visa Inc: Annual Shareholders Meeting
1200 Paccar Inc: Q4 earnings conference call
1200 Prologis Inc: Q4 earnings conference call
1300 Becton Dickinson and Co: Annual Shareholders Meeting
1630 F5 Networks Inc: Q1 earnings conference call
1630 Texas Instruments Inc: Q4 earnings conference call
1700 Advanced Micro Devices Inc: Q4 earnings conference call
1700 Capital One Financial Corp: Q4 earnings conference call
1700 Starbucks Corp: Q1 earnings conference call
1700 W. R. Berkley Corp: Q4 earnings conference call
1730 Microsoft Corp: Q2 earnings conference call
1800 Jacobs Engineering Group Inc: Annual Shareholders Meeting
1900 Hormel Foods Corp: Annual Shareholders Meeting


EX-DIVIDENDS
Aptargroup Inc: Amount $0.36
Clorox Co: Amount $1.11
Entegris Inc: Amount $0.08

Goedemorgen
De markt wil vanmorgen via de futures wat lager openen lagere openen door problemen rondom de levering van het vaccin in veel landen, en er komt mogelijk toch weerstand en dus vertraging voor het nieuwe Amerikaanse steunpakket. Ook de combinatie problemen met de productie van vaccins dat samenvalt met in veel landen de vrees voor een nieuwe golf met de nieuwe variant van het virus. De toestand vraagt ook steeds om meer steun die maar moeilijk op gang komt of zeker de lading niet dekt voor velen die in de problemen komen.

Gisteren heb ik wel een en ander gezien op de markten, er waren grote verschillen tussen de indices en de technologie liet zeer forse bewegingen zien. De Nasdaq ging op een bepaald moment van +200 naar -200 punten intraday maar kon zich richting het slot weer herpakken om op +100 af te sluiten. We zien daar dan toch wat verschuivingen komen maar ook zit er een grote groep die de DIP wil opkopen en dat zijn dan vooral die nieuwe speculanten. Wel zien we dat als die grote 6 inleveren het meteen tot 500 punten omlaag kan en dan heb ik het nog maar over een kleine procent tot 2 procent. Laat het eens 10 of 12% worden? Dan staat de Nasdaq en zeker de Nasdaq 100 zo'n 1500 tot 2000 punten lager. Dat komt er hoe dan ook aan, hou er rekening mee, je merkt en ziet het aan alles.

Veel cijfers en de FED:
Deze week wordt dat nog moeilijk want Apple, Facebook, Microsoft en Tesla komen met cijfers, en de FED komt er ook aan morgen met een besluit over de rente, of moeten we zeggen met een melding over nieuwe steun QE ...

Gisteren heb ik een en ander al via de LIVEBLOG laten zien, en heb ik er tussendoor ook via mijn Twitter account wat grafiekjes over geplaatst. Volg me via Twitter op @USMarkets dan kunt u deze snelle informatie die ik deel ook inzien .... https://twitter.com/USMarkets waar ik tussentijds wat charts over de markt en sentiment plaats, ook opvallende beursfeiten komen er vaak langs !

Euro, olie en goud:
De euro zien we nu rond de 1.213 dollar, de prijs van een vat Brent olie komt uit op 55,4 dollar terwijl een troy ounce goud nu op 1855 dollar staat. De Bitcoin herpakt zich na enkele dolle dagen, nu moet je 31.600 dollar neertellen voor 1 Bitcoin ...

Inter Market overzicht vrijdag op slotbasis ...

Strategische posities opgenemen:
Zodra u lid wordt ontvangt u de signalen en kunt u meteen de lopende posities inzien via onze Tradershop op de website. Ik probeer in ieder geval zo goed als dat kan om met de markt mee te gaan, wel is het zo dat de markt volatiel blijft en die volatiliteit kan zelfs nog wat gaan toenemen de komende periode.

Wat ik moet doen is in ieder geval blijven schakelen tussen long en short. Deze maand loopt wat wisselend, op zich met nog meer dan genoeg kansen uiteraard en we zitten nu nog met wat posities in de markt ... Doe nu mee met de nieuwe proef aanbieding die loopt tot 1 APRIL en dat met een mooie korting !!

Maak nu gebruik van de NIEUWE proef aanbieding:
Mis in ieder geval de start van 2021 niet want er komen hoe dan ook hele mooie kansen ... Via deze aanbieding ... €39 tot 1 APRIL 2021 ... Polleke €49 tot 1 APRIL 2021 !!!

Systeem Trading (€39 tot 1 APRIL)

Index Trading (€39 tot 1 APRIL)

Guy Trading (€39 tot 1 APRIL)

Polleke Trading (€49 tot 1 APRIL)

Aandelen portefeuille (€30 tot 1 APRIL)

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Met vriendelijke groet,
Guy Boscart

GLOBAL TOP NEWS
U.S. Senate Majority Leader Chuck Schumer said on Monday that Democrats may try to pass much of President Joe Biden's coronavirus relief bill using a process that would bypass a Republican filibuster and could pass with a majority vote.​

Leon Black said on Monday he would step down as chief executive at Apollo Global Management, following an independent review of his ties to the late financier and convicted sex offender Jeffrey Epstein.

British Prime Minister Boris Johnson said on Monday he was looking at toughening border quarantine rules because of the risk of "vaccine-busting" new coronavirus variants.

EUROPEAN COMPANY NEWS
Survey-software seller Qualtrics International, owned by business software group SAP, is aiming for a valuation of roughly $15 billion in its U.S. initial public offering, as it tees up for a blockbuster market debut.

AstraZeneca denied on Monday its COVID-19 vaccine is not very effective for people over 65, after German media reports said officials fear the vaccine may not be approved in the European Union for use in the elderly.

Swiss luxury watchmakers Hublot and Zenith, both part of French group LVMH, expect sales to rebound in 2021, after a difficult 2020 and a challenging start to the new year, their chief executives said on Monday.​


TODAY'S COMPANY ANNOUNCEMENTS
Autoliv Inc Q4 2020 Earnings Release
Byggmax Group AB FY 2020 Earnings Call
Christian Dior SE FY 2020 Earnings Release
Crest Nicholson Holdings PLC FY 2020 Earnings Call
Epiroc AB Q4 2020 Earnings Call
EQT AB Q4 2020 Earnings Release
EQT AB FY 2020 Earnings Call
Greencore Group PLC Annual Shareholders Meeting
LiqTech International Inc Q4 2020 Earnings Release
L'Occitane International SA Q3 2021 Earnings Call
LVMH Moet Hennessy Louis Vuitton SE FY 2020 Earnings Release
Novartis AG Q4 2020 Earnings Call
Proactis SA Annual Shareholders Meeting
PZ Cussons PLC HY 2021 Earnings Release
Tryg A/S Q4 2020 Earnings Release
UBS Group AG Q4 2020 Earnings Release
UDG Healthcare PLC Annual Shareholders Meeting​


ECONOMIC EVENTS (All times GMT)
0700 (approx.) United Kingdom Claimant Count Unemployment Change for Dec: Expected 35,000; Prior 64,300
0700 (approx.) United Kingdom ILO Unemployment Rate for Nov: Expected 5.1%; Prior 4.9%
0700 (approx.) United Kingdom Employment Change for Nov: Expected -100,000; Prior -144,000
0700 (approx.) United Kingdom Average Weekly Earnings 3m yy for Nov: Expected 2.9%; Prior 2.7%
0700 (approx.) United Kingdom Average Earnings (Ex-Bonus) for Nov: Expected 3.2%; Prior 2.8%
0830 Sweden PPI mm for Dec: Prior 0.2%
0830 Sweden PPI yy for Dec: Prior -4.4%
1100 United Kingdom CBI Distributive Trades for Jan: Expected -28; Prior -3