Liveblog Archief dinsdag 3 mei 2022

TOP NEWS
• Pfizer keeps sales forecast for COVID antiviral pill unchanged
Pfizer stuck to its annual sales forecasts for its COVID-19 antiviral pill Paxlovid and its vaccines as it faces tepid demand.

• BP boosts buybacks on soaring energy prices after costly Russia exit
BP recorded its biggest quarterly loss after writing down $24 billion to exit its Russia businesses but a strong operational performance on the back of rocketing oil and gas prices helped the British energy firm step up share buybacks.

• Marathon Petroleum posts profit as fuel demand nears pre-COVID levels
Marathon Petroleum posted a first-quarter profit, compared with a loss a year earlier, as demand for fuel and refined products recovered to near pre-pandemic levels amid tight supplies.

• Thomson Reuters ups 2022 revenue forecast after Q1 beat
Thomson Reuters raised its 2022 revenue forecast after beating first-quarter expectations on strong growth across its core legal, tax and accounting, and corporate businesses.

• DuPont profit falls on higher material costs
DuPont de Nemours reported a fall in first-quarter profit, hurt by headwinds related to raw material and logistic costs.


BEFORE THE BELL
U.S. stock index futures slipped as investors remained nervous ahead of the Federal Reserve's policy decision this week. Upbeat earnings and gains in banking shares supported most European stocks, while UK's FTSE 100 dipped as a strong sterling weighed on export-oriented stocks. In Asia, equities were mostly steady in holiday-thinned trade, with both China and Japan markets shut, while in Hong Kong, stocks managed to hold onto most of their gains from the previous session with heavyweight HSBC rising after its largest shareholder called for a break-up. The dollar fell against a basket of major currencies before an expected Fed rate hike. In commodities, concerns over the demand outlook continued to weigh on oil prices and gold prices slipped. Earnings from American International Group and Starbucks will be in watch later in the day. ​


STOCKS TO WATCH

Results
• BP Plc: The energy company recorded its biggest quarterly loss after writing down $24 billion to exit its Russia businesses but a strong operational performance on the back of rocketing oil and gas prices helped the British energy firm step up share buybacks. Soaring oil and gas prices in the wake of the Russian invasion of Ukraine on Feb. 24 helped offset losses BP incurred from abruptly abandoning its shareholdings in Russia, including its 19.75% stake in oil giant Rosneft. BP's underlying replacement cost profit, the company's definition of net earnings, reached $6.2 billion in the first quarter, the strongest since 2008 and far exceeding analysts' expectations for a $4.49 billion profit. BP's refined oil products unit made a profit of $1.6 billion in the first three months, compared with a loss of $26 million in the previous quarter and a $2 million loss a year ago. Separately, the energy company said it expected to pay up to 1 billion pounds in taxes in Britain on its 2022 profits, after its operating profit surged despite reporting a big writedown for exiting its Russian businesses. BP, which did not say how much British tax it paid in 2021, made the comments amid calls for a windfall tax on energy firms to help consumers who are facing surging fuel prices. BP Chief Executive Bernard Looney told Reuters this meant Britain would receive 15%-20% of BP's global investment budget, up from about 10%-15%, adding that just over a quarter of the amount invested would go on oil and gas projects.

• Chemours Co: The company lifted its projection for annual adjusted earnings on Monday after profit nearly doubled in the first quarter thanks to strong demand for its specialty and industrial chemicals. Sales at Chemours' largest business Titanium Technologies - which produces the titanium dioxide pigment - jumped about 28% to $928 million in the quarter, while volumes climbed 6%. Volumes at its thermal and specialized solutions segment, the business that produces refrigerants, propellants and other specialty chemicals, rose 1%. Net income came in at $239 million, or $1.46 per share, in the three months ended March 31, compared with $120 million, or 71 cents per share, a year earlier. The quarterly results included a $16-million charge related to restructuring and write-offs of certain assets following the company's decision to suspend business with Russian entities over Moscow's invasion of Ukraine. Chemours said it now expects 2022 adjusted core earnings between $1.475 billion and $1.575 billion, compared with its previous range of $1.3 billion to $1.425 billion.

• Coterra Energy Inc, Devon Energy Corp & Diamondback Energy Inc: U.S. shale producers on Monday reported sharp increases in profit that beat Wall Street estimates, but held production plans steady as they stressed a focus on shareholder returns. U.S. oil and gas producers are facing a windfall from higher energy prices, as Russia's invasion of Ukraine has stoked global supply concerns and sent oil futures to their highest levels in years. Devon and Coterra reported more than a four-fold rise in quarterly income on Monday, while Diamondback's profit rose more than three-fold. All three increased their dividends. Devon raised its dividend payout by 27% to a record high of $1.27 per share and also increased its share repurchase program by 25% to $2 billion. Diamondback boosted its base dividend by 17% to $2.80 a share, while Coterra's payout was 7% higher at 60 cents per share. Coterra reported an adjusted profit of $818 million, or $1.01 per share, topping analysts' forecasts of 83 cents. Diamondback's adjusted net income was $929 million, o $5.20 a share, also topping estimates of $4.51. Oklahoma City-based Devon's earnings rose to $1 billion, or $1.48 per share, for the quarter ended March 31, from $213 million, or 32 cents per share, last year.

• DuPont de Nemours Inc: Industrial materials maker reported a fall in first-quarter profit, hurt by headwinds related to raw material and logistic costs. The profit declined despite the company hiking prices of its products by 6% in the quarter to offset higher inflationary costs from raw materials, logistics and energy. DuPont said sales in electronics and industrial, one of its highest revenue generating segments, rose 18% to $1.54 billion. The company makes electronic materials used in chip packaging, mobile devices and autonomous vehicles. The company's adjusted net income fell to $420 million, or 82 cents per share, in the three months ended March. 31, from $421 million, or 69 cents per share, a year earlier.

• Estee Lauder Companies Inc: The company cut its full-year sales forecast, as fresh COVID-19 restrictions in China and Russia's invasion of Ukraine dampen demand for the cosmetics maker's luxury products. The company expects net sales for the full year to rise between 7% and 9%, down from its prior forecast of an increase in the range of 13% to 16%. Estee said net sales in Russia and Ukraine declined following the suspension of all commercial activities in Russia, including closing all stores in the country following the invasion. The company estimates adjusted annual profit of between $7.05 and $7.15 per share for the full year, compared with its prior outlook of between $7.43 and $7.58 per share.

• Hilton Worldwide Holdings Inc: The hotel operator reported a quarterly profit, compared with a year-earlier loss, following a rebound in travel demand after a surge in COVID-19 cases early in the year due to the Omicron variant. Hilton's comparable RevPAR, or revenue per available room, rose 80.5% for the reported quarter. The company resumed share repurchases in March and declared a quarterly cash dividend in May this year. The company reported revenue of $1.72 billion for the first quarter, compared with $874 million a year earlier. Net income attributable to Hilton stockholders was $212 million, or 75 cents per share, for the quarter ended March 31, compared with a loss of $108 million, or 39 cents per share, a year earlier.

• KKR & Co Inc: The private equity firm said that its first-quarter distributable earnings rose 47% year-on-year, thanks to a surge in asset sales and a rise in revenue from fees it charges investors to manage their money. The New York-based firm said its after-tax distributable earnings, which represent the cash used to pay dividends to shareholders, rose to $968.5 million, compared with $660.2 million a year earlier. That translated to after-tax distributable earnings per share of $1.10, exceeding the mean Wall Street analyst estimate of $0.98 per share, according to financial data provider Refinitiv. During the quarter, KKR generated $609.2 million in income from performance fees, up from $171.3 million a year ago, as it booked more profits from asset divestments. Its fee-related earnings, which reflect revenue from management and capital market transaction fees, rose to $624.9 million from $439.7 million a year earlier. KKR's assets under management rose to $479 billion at the end of the first quarter, up from $471 billion at the end of the fourth quarter, while unspent capital totaled $115 billion.

• Logitech International SA: The company cut its 2023 outlook as a result of the Ukraine conflict, marking a rare downgrade from the computer mouse and webcam maker, which grew rapidly during the COVID-19 pandemic, and prompting its shares to fall. The Swiss-U.S. company has halted its activities in both Ukraine and Russia, where it generates around 1.5% to 2% of its sales according to analysts, and has removed the figures from its calculations for next year's performance. Logitech, whose products have been bought by people equipping their home offices, said it now expects sales growth in constant currency of 2 to 4% in the 12 months to the end of March 2023, from a previous mid-single digit increase forecast. Logitech also expects non GAAP operating income to be $875 million to $925 million in the year ahead, down from $900 million to $950 million it previously forecast. During the three months to March 31, Logitech, whose keyboards and headsets are used by gamers and esports participants, reported a 20% drop in sales to $1.23 billion as it lapped high comparisons with the year before. Non GAAP operating income fell 52% to $156 million as the company spent more developing new products.

• Marathon Petroleum Corp: the U.S. refiner posted a first-quarter profit, compared with a loss a year earlier, as demand for fuel and refined products recovered to near pre-pandemic levels amid tight supplies. The company said its refining and marketing margins rose to $15.31 per barrel in the first quarter from $10.16 per barrel a year ago. Crude capacity utilization was 91%, resulting in total throughput of 2.8 million barrels per day (bpd), compared with an 83% utilization and total throughput of 2.6 million bpd a year earlier. The Findlay, Ohio-based refiner said net profit was $845 million, or $1.49 per share, for the three months ended March 31, compared with a loss of $242 million, or 37 cents per share, a year earlier.

• Nutrien Ltd: The company on Monday raised its full-year earnings forecast well above estimates after posting a more than 10-fold jump in first-quarter profit, as the world's largest fertilizer company benefits strongly from soaring prices of crop nutrients. Nutrien expects 2022 adjusted earnings of $16.20 to $18.70 per share, compared with its previous forecast of $10.20 to $11.80 per share. Analysts were expecting $15.20 per share, as per Refinitiv data. Net earnings rose to $1.39 billion, or $2.49 per share, in the quarter ended March 31 from $133 million, or 22 cents per share, a year earlier. Excluding items, it posted a profit of $2.70 per share, but missed estimates of $2.75.

• Pfizer Inc: The drugmaker stuck to its annual sales forecasts for its COVID-19 antiviral pill Paxlovid and its vaccines as it faces tepid demand. The company said it expects $22 billion in Paxlovid sales this year. It also reiterated its forecast of $32 billion in sales from the vaccine it developed with BioNTech. At the request of the U.S. Securities and Exchange Commission, several drug companies have adjusted their forecasts to include expenses from milestone payments and acquisitions. The company said it now expects full-year adjusted profit of $6.25 to $6.45 per share, below its prior forecast of $6.35 to $6.55, mostly due to the impact of those expenses.

• Restaurant Brands International Inc: The company beat estimates for quarterly revenue, boosted by higher prices and increased traffic at the Burger King parent's restaurant chains as more consumers stepped out of their homes and resumed pre-pandemic habits. The price hikes have helped the company cushion a hit from a decline in comparable sales at its Popeyes chain, which is grappling with staffing shortages and stiff competition from rivals launching similar menu items. The company's total revenue rose to $1.45 billion in the first quarter ended March 31, from $1.26 billion a year earlier. Analysts on average were expecting revenue of $1.39 billion. Net income attributable to common shareholders rose to $183 million, or 59 cents per share, from $179 million, or 58 cents per share, a year earlier.

• Thomson Reuters Corp: The company raised its 2022 revenue forecast after beating first-quarter expectations on strong growth across its core legal, tax and accounting, and corporate businesses. Thomson Reuters, said that while the first quarter gave it more confidence in its financial outlook, the ongoing pandemic and geopolitical risks and any worsening of the economy could hurt its ability to reach its goals. It reported adjusted earnings of 66 cents per share, 5 cents ahead of Wall Street expectations. Operating profit was up 7% to $414 million, while total revenues rose 5.5% in the quarter to $1.67 billion. Analysts expected revenue of $1.6 billion, according to estimates from Refinitiv. Revenues are now forecast to rise 5.5% this year, up from an earlier estimate of about a 5% rise. The three main divisions - Legal Professionals, Tax & Accounting Professionals, and Corporates - reported higher quarterly sales, led by an 11% increase in the tax business. Revenue in the Reuters News segment rose 9% to $176 million.​

Deals Of The Day
• Stellantis NV: The company has agreed to buy the Share Now car sharing business from BMW and Mercedes-Benz as the two German groups focus more on the software part of their mobility alliance. Formed last year through the merger of Fiat Chrysler and Peugeot maker PSA, Stellantis wants to become a global leader in car-sharing, using this acquisition announced on Tuesday to expand its existing business in the area. The deal reflects different approaches by carmakers who are trying to tap new sources of revenues beyond selling vehicles, most notably in the developing area of mobility services. "We think this reinforces our belief that premium OEMs (manufacturers) like BMW and Mercedes will focus on private car ownership and less on fleet services," Royal Bank of Canada analyst Tom Narayan said. Stellantis said the deal would allow Free2move to add 14 major European cities and 10,000 vehicles to its current 2,500-strong car sharing fleet, gaining over 3.4 million customers.

In Other News
• Alphabet Inc: The search engine provider said on Monday it had recently fired a senior engineering manager after colleagues, whose landmark research on artificial intelligence software he had been trying to discredit, accused him of harassing behavior. The dispute, which stems from efforts to automate chip design, threatens to undermine the reputation of Google's research in the academic community. It also could disrupt the flow of millions of dollars in government grants for research into AI and chips. The new episode emerged after the scientific journal Nature in June published "A graph placement methodology for fast chip design," led by Google scientists Azalia Mirhoseini and Anna Goldie. They discovered that AI could complete a key step in the design process for chips, known as floorplanning, faster and better than an unspecified human expert, a subjective reference point. The company said it refused to publish Stronger Baselines because it did not meet its standards, and soon after fired Satrajit Chatterjee, a leading driver of the work. After "Stronger Baselines" emerged online, Zoubin Ghahramani, a vice president at Google Research, wrote on Twitter last month that "Google stands by this work published in Nature on ML for Chip Design, which has been independently replicated, open-sourced, and used in production at Google."

• Alphabet Inc & Meta platforms Inc: Britain is poised to shelve plans to provide statutory powers to a new technology regulator, in a blow to global efforts to curb the dominance of internet companies, including Google and Facebook, the Financial Times reported. The government's new legislative programme is not expected to include a bill to provide statutory underpinning to the digital markets unit that is based within the Competition and Markets Authority (CMA), the FT reported, citing people briefed on the situation.The UK announced in 2020 a plan to set up the digital markets unit in order to impose a new competition regime to prevent Google and Facebook from using their dominance to push out smaller firms and disadvantage consumers.

• Amazon.com Inc: A former e-commerce company’s employee sued the online retailer on Monday, saying it wrongly fired her and demanded she repay wages after she contracted "long COVID." Brittany Hope, 29, a former brand manager for Amazon's fashion line The Drop in Manhattan, is seeking damages for alleged violations of federal, state and New York City disability laws. The Brooklyn resident said she was hospitalized after being diagnosed with the flu on Feb. 3, 2020, four months after being hired, and a few weeks before the coronavirus started taking hold in the United States. Hope said she "later realized" she had been "seriously ill with COVID and long COVID." The complaint filed in Manhattan federal court does not say whether Hope was diagnosed with COVID-19. It said Hope also complained to the U.S. Equal Employment Opportunity Commission. Separately, the U.S. Senate Budget Committee will hold a hearing Thursday on the online retailer's labor practices with a key union organizer after the panel's chair urged the White House to end federal government contracts with the retail giant over accusations of "anti-union activity."

• Hasbro Inc: Activist investor Ancora Holdings Inc wants the toymaker to explore a full or partial sale of its Entertainment One unit to cut debt and replace longstanding directors on the board, according to its letter that was seen by Reuters. Ancora has a roughly 1% stake in Hasbro, the investor said in the letter, adding that the divesture of Entertainment One can yield up to $2 billion for the company and result in tax benefits. The move comes after activist investor Alta Fox Capital Management's push last week to oust Hasbro's chairman and two other directors, as it seeks changes at the company, including a spin-off of its Wizards of Coast unit. Ancora urged Hasbro's board to reassess a tax-free spinoff of the Wizards of Coast unit, which publishes "Dungeons & Dragons" and "Magic: The Gathering," given that its shares are trading at about 75% discount to intrinsic value according to its analysis.

• HSBC Holdings Plc: Shares in the Europe’s largest bank gained after its largest shareholder, Chinese insurance giant Ping An, urged a break-up of the London-headquartered bank in a bid to improve returns. Sources familiar with the situation said on Friday that Ping An had called on HSBC to look at options including spinning off the Asian business, where it earns two-thirds of its pre-tax profits or taking other steps to boost its valuation. HSBC shares added 1.85% in Hong Kong trade, helping lift the broader market. "That Asia makes up the majority of HSBC's revenues suggests that a spin-off may be logical, but it needs to be balanced by the fact that a significant portion of that is the result of HSBC's global footprint bridging East and West," said Justin Tang, head of Asian research at investment advisory firm United First Partners. Ping An owned an 8.23% stake in the banking giant as of Feb. 11, according to Refinitiv data. It first reported a 5% stake in HSBC in late 2017 and HSBC's shares have shed 35% since then.

• Lockheed Martin Co: President Joe Biden heads to Alabama to visit a company’s facility that manufactures the anti-tank Javelin missile, putting the spotlight on a weapon that has helped Ukraine fight Russia's invasion. Biden will use the visit to press Congress to approve his proposed $33 billion assistance package for Ukraine, including more than $20 billion in military aid, White House press secretary Jen Psaki said Monday. Biden will "remind people in the country of why we're fighting, why we're supporting the Ukrainians in this war, the type of equipment and the type of assistance we are providing from the United States .... and why it is urgent to get this funding across the finish line," she said. Aid to Ukraine has not been a subject of the usual partisan bickering among lawmakers. But $20 billion is a huge jump and any legislative proposal can fall victim to political polarization in Washington. Biden, a Democrat, is visiting a state that has backed Republican presidential candidates for decades to avoid that outcome.

• MPLX LP: The company on Monday said it would move forward with the expansion of a Permian basin natural gas pipeline that will ease an expected lack of takeaway capacity from the top U.S. shale region. Natural gas output in the Permian basin, spread across Texas and New Mexico, is slowing, with companies blaming lack of adequate pipeline infrastructure, despite prices near 14-year highs. MPLX said it would expand the mainline capacity on the Whistler pipeline by 500 million cubic feet per day to 2.5 billion cubic feet per day (bcfd), which will begin service in September 2023. The pipeline transports natural gas from the Permian Basin to South Texas.

• Norwegian Cruise Line Holdings Ltd: Italian shipbuilder Fincantieri is in talks with cruise company over an order worth around $4 billion to build new cruise ships, a source with knowledge of the matter told Reuters on Monday. Italian daily Il Secolo XIX reported on Sunday that six new ships could be built by Fincantieri for the Miami-based company.

• Raytheon Technologies Corp: Taiwan's Defence Ministry said deliveries of shoulder-fired Stinger anti-aircraft missiles could be delayed, saying they were pressing the United States to deliver on schedule as the war in Ukraine pressures supplies. The missiles are in hot demand in Ukraine, where they have successfully kept Russian aircraft at bay, but U.S. supplies have shrunk and producing more of the anti-aircraft weapons faces significant hurdles. The United States approved the sale of 250 of Raytheon Technologies' Stinger missiles to Taiwan in 2019. Taiwanese media has reported Taiwan expected to complete delivery by 2026. Chu Wen-wu, deputy head of Taiwan's army planning department, said those deliveries may get held up.

• Rivian Automotive Inc: The electric carmaker will receive $1.5 billion in state and local incentives and tax credits for the electric vehicle assembly plant it plans to build in Georgia, the state and company said on Monday. The $5 billion plant is expected to employ some 7,500 workers once up and running. Workers will be paid an average annual salary of $56,000, Georgia's Department of Economic Development said in a statement. A Rivian spokeswoman in a statement said the company aimed to open the plant in late 2024, pending permit applications and approvals. Under the agreement with the state, Rivian has until the end of 2028 to meet the 7,500 jobs target and $5 billion investment target and receive the full amount of incentives and tax savings.

• Rocket Lab USA Inc: To more Small launch firm the company on Monday captured a falling rocket stage out of the air with a helicopter before dropping it in the ocean, appearing to achieve a partially successful test of the company's novel cost-savings approach to recovering used rockets for multiple mission to space. The demonstration, involving parachutes and a long cable hanging from a helicopter, sought to check off a key milestone for the Long Beach, California-based company as it ventures to slash the cost of sending things into space, an industry trend pioneered by billionaire entrepreneur Elon Musk's SpaceX. After lifting off to send 34 satellites toward orbit at 10:50 a.m. (2250 GMT) in New Zealand, the Long Beach, California-based company's four-story-tall Electron booster stage fell back through Earth's atmosphere and deployed a series of parachutes to brake its speed.

• Twitter Inc & Tesla Inc: Elon Musk said on Monday he wants to expand the reach of the social media platform beyond the current "niche" until most Americans it. Musk has signed a deal to buy Twitter for $44 billion, raising questions among employees and the public about his strategy for running the social media network. He told reporters gathered on the red carpet at the annual Met Gala in New York that an important measure of success would be whether Twitter could expand its audience significantly. "Right now it's sort of niche. I want a much bigger percentage of the country to be on it, engaging in dialogue," said Musk, who attended the celebrity-studded event with his mother Maye Musk, a model. Separately, Elon Musk is in talks with large investment firms and high net-worth individuals about taking on more financing for his $44 billion acquisition of Twitter and tying up less of his wealth in the deal, people familiar with the matter said. The new financing, which could come in the form of preferred or common equity, could reduce the $21 billion cash contribution that Musk has committed to the deal as well as a margin loan he secured against his Tesla shares, the sources said. The company also estimated in a filing on Monday that false or spam accounts represented fewer than 5% of its monetizable daily active users during the first quarter. The social media company had 229 million users who were served advertising in the first quarter. ​


FOCUS
Two warehouses, two outcomes for Amazon's union
Two warehouses facing another, each the length of four football fields, speed goods to Amazon customers in New York City and beyond from the western shore of Staten Island. They are part of the same operation, hire from the same communities and decided within 30 days of each other whether to join the same union.


ANALYSTS' RECOMMENDATION
• Chegg Inc: Piper Sandler cuts rating to neutral from overweight to reflect lower visibility with the backdrop of a deteriorating macro, including fluid enrollment trends, dampened consumer spending, and easier student workloads.

• Expedia Group Inc: RBC cuts target price to $185 from $200, factoring the company’s room night miss in Q1 and higher costs.

• Global Payments Inc: JPMorgan cuts target price to $170 from $190, citing the company’s shift to the lower end of FY2022 revenue growth guide.

• McDonald's Corp: Stifel cuts target price to $250 from $260, based on the company’s updated guidance, including a stronger FX headwind and slightly lower expectations for net unit growth.

• Tyson Foods Inc: Piper Sandler cuts rating to underweight from neutral, as consumers are cutting back spending, even on basic goods, in the face of higher inflation.​


ECONOMIC EVENTS (All timings in U.S. Eastern Time)
1000 (approx.) Durables ex-defense R mm for March: Prior 1.2%
1000 (approx.) Durable goods R mm for March: Prior 0.8%
1000 (approx.) Factory orders mm for March: Expected 1.1%; Prior -0.5%
1000 (approx.) Durables ex-transport R mm for March: Prior 1.1%
1000 (approx.) Non-defense capital goods ex-air R mm for March: Prior 1.0%
1000 (approx.) Factory ex-transport mm for March: Prior 0.4%
1000 (approx.) JOLTS job openings for March: Expected 11.0 mln; Prior 11.266 mln


COMPANIES REPORTING RESULTS
Advanced Micro Devices Inc: Expected Q1 earnings of 91 cents per share
Akamai Technologies Inc: Expected Q1 earnings of $1.42 cents per share
Amcor PLC: Expected Q3 earnings of 20 cents per share
American International Group Inc: Expected Q1 earnings of $1.18 cents per share
Assurant Inc: Expected Q1 earnings of $2.87 cents per share
Caesars Entertainment Inc: Expected Q1 loss of $2.21 cents per share
CMS Energy Corp: Expected Q1 earnings of $1.12 cents per share
Cummins Inc: Expected Q1 earnings of $3.56 cents per share
Edison International: Expected Q1 earnings of 79 cents per share
Expeditors International of Washington Inc: Expected Q1 earnings of $1.74 cents per share
Extra Space Storage Inc: Expected Q1 earnings of $1.35 cents per share
Franklin Resources Inc: Expected Q2 earnings of 82 cents per share
Healthpeak Properties Inc: Expected Q1 earnings of 09 cents per share
Illinois Tool Works Inc: Expected Q1 earnings of $2.07 cents per share
IPG Photonics Corp: Expected Q1 earnings of 98 cents per share
Jack Henry & Associates Inc: Expected Q3 earnings of $1.06 cents per share
Match Group Inc: Expected Q1 earnings of 54 cents per share
ONEOK Inc: Expected Q1 earnings of 89 cents per share
Paycom Software Inc: Expected Q1 earnings of $1.75 cents per share
PerkinElmer Inc: Expected Q1 earnings of $2.08 cents per share
Prudential Financial Inc: Expected Q1 earnings of $2.70 cents per share
Public Service Enterprise Group Inc: Expected Q1 earnings of $1.12 cents per share
Public Storage: Expected Q1 earnings of $2.32 cents per share
Regency Centers Corp: Expected Q1 earnings of 44 cents per share
S&P Global Inc: Expected Q1 earnings of $2.98 cents per share
Skyworks Solutions Inc: Expected Q2 earnings of $2.63 cents per share
Starbucks Corp: Expected Q2 earnings of 59 cents per share
Verisk Analytics Inc: Expected Q1 earnings of $1.39 cents per share


CORPORATE EVENTS (All timings in U.S. Eastern Time)
0800 Biogen Inc: Q1 earnings conference call
0800 CenterPoint Energy Inc: Q1 earnings conference call
0800 DuPont de Nemours Inc: Q1 earnings conference call
0800 Gartner Inc: Q1 earnings conference call
0800 Incyte Corp: Q1 earnings conference call
0800 Leidos Holdings Inc: Q1 earnings conference call
0800 New Residential Investment Corp: Q1 earnings conference call
0800 Waters Corp: Q1 earnings conference call
0815 Catalent Inc: Q3 earnings conference call
0830 AGNC Investment Corp: Q1 earnings conference call
0830 AMETEK Inc: Q1 earnings conference call
0830 Avis Budget Group Inc: Q1 earnings conference call
0830 Broadridge Financial Solutions Inc: Q3 earnings conference call
0830 Chemours Co: Q1 earnings conference call
0830 Fidelity National Information Services Inc: Q1 earnings conference call
0830 ITT Inc: Q1 earnings conference call
0830 Lear Corp: Q1 earnings conference call
0830 Leggett & Platt Inc: Q1 earnings conference call
0830 Paramount Global: Q1 earnings conference call
0830 Rockwell Automation Inc: Q2 earnings conference call
0830 S&P Global Inc: Q1 earnings conference call
0830 Surgery Partners Inc: Q1 earnings conference call
0830 Zebra Technologies Corp: Q1 earnings conference call
0830 Zimmer Biomet Holdings Inc: Q1 earnings conference call
0900 Ally Financial Inc: Annual Shareholders Meeting
0900 American Express Co: Annual Shareholders Meeting
0900 CMS Energy Corp: Q1 earnings conference call
0900 Diamondback Energy Inc: Q1 earnings conference call
0900 FMC Corp: Q1 earnings conference call
0900 Fortune Brands Home & Security Inc: Annual Shareholders Meeting
0900 Magnolia Oil & Gas Corp: Annual Shareholders Meeting
0900 Ryman Hospitality Properties Inc: Q1 earnings conference call
0900 Scotts Miracle-Gro Co: Q2 earnings conference call
0900 Selective Insurance Group Inc: Annual Shareholders Meeting
0930 BWX Technologies Inc: Annual Shareholders Meeting
0930 Estee Lauder Companies Inc: Q3 earnings conference call
0930 Progressive Corp: Q1 earnings conference call
0930 Williams Companies Inc: Q1 earnings conference call
1000 AGCO Corp: Q1 earnings conference call
1000 Baxter International Inc: Annual Shareholders Meeting
1000 Bristol-Myers Squibb Co: Annual Shareholders Meeting
1000 Brixmor Property Group Inc: Q1 earnings conference call
1000 Ceridian HCM Holding Inc: Annual Shareholders Meeting
1000 Coterra Energy Inc: Q1 earnings conference call
1000 Cummins Inc: Q1 earnings conference call
1000 Evoqua Water Technologies Corp: Q2 earnings conference call
1000 Henry Schein Inc: Q1 earnings conference call
1000 Hilton Worldwide Holdings Inc: Q1 earnings conference call
1000 Howmet Aerospace Inc: Q1 earnings conference call
1000 Illinois Tool Works Inc: Q1 earnings conference call
1000 IPG Photonics Corp: Q1 earnings conference call
1000 Jacobs Engineering Group Inc: Q2 earnings conference call
1000 KKR & Co Inc: Q1 earnings conference call
1000 Omega Healthcare Investors Inc: Q1 earnings conference call
1000 Omnicom Group Inc: Annual Shareholders Meeting
1000 Pfizer Inc: Q1 earnings conference call
1000 Pool Corp: Annual Shareholders Meeting
1000 Sealed Air Corp: Q1 earnings conference call
1000 Vistra Corp: Annual Shareholders Meeting
1000 Vornado Realty Trust: Q1 earnings conference call
1030 National Retail Properties Inc: Q1 earnings conference call
1100 Boston Properties Inc: Q1 earnings conference call
1100 Devon Energy Corp: Q1 earnings conference call
1100 Evergy Inc: Annual Shareholders Meeting
1100 Expeditors International of Washington Inc: Annual Shareholders Meeting
1100 Franklin Resources Inc: Q2 earnings conference call
1100 Huntington Ingalls Industries Inc: Annual Shareholders Meeting
1100 Louisiana-Pacific Corp: Q1 earnings conference call
1100 Marathon Petroleum Corp: Q1 earnings conference call
1100 Martin Marietta Materials Inc: Q1 earnings conference call
1100 Molson Coors Beverage Co: Q1 earnings conference call
1100 Mosaic Co: Q1 earnings conference call
1100 Public Service Enterprise Group Inc: Q1 earnings conference call
1100 Terreno Realty Corp: Annual Shareholders Meeting
1100 Westlake Corp: Q1 earnings conference call
1200 American Homes 4 Rent: Annual Shareholders Meeting
1200 Viper Energy Partners LP: Q1 earnings conference call
1300 Edwards Lifesciences Corp: Annual Shareholders Meeting
1300 MPLX LP: Q1 earnings conference call
1530 BOK Financial Corp: Annual Shareholders Meeting
1630 Akamai Technologies Inc: Q1 earnings conference call
1630 Edison International: Q1 earnings conference call
1630 LYFT Inc: Q1 earnings conference call
1630 Masimo Corp: Q1 earnings conference call
1630 Penumbra Inc: Q1 earnings conference call
1630 Red Rock Resorts Inc: Q1 earnings conference call
1630 Skyworks Solutions Inc: Q2 earnings conference call
1700 Advanced Micro Devices Inc: Q1 earnings conference call
1700 Alteryx Inc: Q1 earnings conference call
1700 Bright Horizons Family Solutions Inc: Q1 earnings conference call
1700 Caesars Entertainment Inc: Q1 earnings conference call
1700 Freshworks Inc: Q1 earnings conference call
1700 Inspire Medical Systems Inc: Q1 earnings conference call
1700 Lattice Semiconductor Corp: Q1 earnings conference call
1700 Paycom Software Inc: Q1 earnings conference call
1700 PerkinElmer Inc: Q1 earnings conference call
1700 Starbucks Corp: Q2 earnings conference call
1700 Workiva Inc: Q1 earnings conference call
1700 Xp Inc: Q1 earnings conference call
1730 Airbnb Inc: Q1 earnings conference call
1730 Amcor PLC: Q3 earnings conference call
2000 Yum China Holdings Inc: Q1 earnings conference call


EX-DIVIDENDS
Entegris Inc: Amount $0.10
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Goedemorgen,

Opnieuw een volatiele sessie met eerst nieuwe lows voor de S&P 500, de Nasdaq, de Dow Jones en de SOX index maar deze keer kwam er een stevige draai omhoog waardoor Wall Street over de gehele lijn positief sluit. Vooral de tech aandelen lieten een stevig herstel zien vanaf de bodem. In Europa ook veel lagere bodems maar richting het slot werd de schade ook beperkt, de AEX verloor 16 punten, de DAX sluit 159 punten lager. Opvallend is dat de 10-jaars rente in de VS maandag even opliep tot net boven de 3%, vanmorgen zien we dat de rente rond die 3% blijft hangen. De Brent olie staat vanmorgen rond de 107,5 dollar wat opnieuw hoger is dan aan het begin van de week. De futures op Wall Street staan wat hoger vanmorgen maar veel is het niet.

Update dinsdag 3 mei:
Een volatiele sessie maandag maar wat hadden we anders verwacht? Dat zal nog een tijdje zo blijven, er zijn genoeg zaken die er niet goed uitzien momenteel zoals de rente, de inflatie en de oorlog die maar niet stopt. Uiteindelijk sluit de Dow Jones maandag 84 punten hoger terwijl de S&P 500 zo'n 23 punten hoger sluit. De Nasdaq deed het wat dat betreft beter, de index won 201 punten terwijl de Nasdaq 100 met 221 punten winst de dag afsluit. De SOX index won maandag 3,5% terwijl de Dow Transport een winst van 46 punten laat zien. Op slotbasis dus plussen maar gedurende de sessie hebben we ook de nodige verkoopdruk gezien, eerst moesten alle indices nog fors omlaag voor dat het herstel op gang kwam.

Deze week vestigen we de aandacht niet meer op de kwartaalcijfers al komen er nog tal van bedrijven met hun cijfers, nu letten we vooral op de rente en de FED. De FED zal deze week waarschijnlijk een renteverhoging doorvoeren van 50 basispunten maar men zal ook goed luisteren naar wat de FED erbij zal vertellen. Powell zal vermoedelijk ferme taal uitspreken over een strenger monetair beleid, er zullen dus nog tal van renteverhogingen komen dit jaar maar dat horen we woensdag rond 20:00-20:30 wel.

De kans is groot dat de indices op Wall Street na het rentebesluit woensdag weer even gaan stijgen wat vaak gebeurt na de persconferentie van de FED maar ik denk dat de rally ook nu kort zal duren en de indices daarna weer naar omlaag moeten. Zelf zie ik niet in waardoor de markt stevig zal herstellen en dat in ieder geval niet na hetgeen we de afgelopen 2-3 weken hebben gezien. De FED zal het standpunt niet aanpassen omdat de inflatie te hoog blijft momenteel en er weinig tekenen zijn dat die zal indammen op de korte termijn. Verder is het zo dat de waarderingen van aandelen zelfs na de recente correctie nog hoog blijven, als de omzetten inderdaad gevoelig lager worden dan worden deze cijfers alleen maar hoger dus we zitten in een fase waar de correctie best nog door kan zetten.

De maand april was al ronduit slecht en zelfs de slechtste maand op Wall Street sinds de markten voor het eerst werden getroffen door het coronavirus. De Nasdaq verloor in april ruim 13%, het werd de slechtste maand sinds de crash van 2008 voor deze index. De S&P 500 staat weer in de correctiezone ofwel meer dan 10% onder de top en dat voor de 2e keer dit jaar. De Nasdaq zien we in een Bear Market nu met ruim 22% onder de top van eind vorig jaar.

We bekijken het verdere verloop van deze week wel en zoeken naar mogelijkheden om eventueel kunnen doen. Vandaag en morgen wordt dat moeilijk omdat ik liever de FED afwacht, na de FED kan er van alles gebeuren en we moeten daar niet op gaan inspelen. Dus donderdag of vrijdag voorzie ik wel kansen en een beter momentum, de leden worden daarvan op de hoogte gebracht uiteraard en waar het kan kom ik met wat posities.

De signaaldiensten:
Wat betreft het handelen werd de maand april afgerond met een mooie winst, op de valreep werd er nog een positie opgenomen en ook deze werd met winst afgesloten. Bij Systeem Trading werd er in april €663 winst behaald, bij Guy Trading €1503. Polleke Trading behaalde €957 en Index Trading sluit met €804 winst de maand af. We beginnen komende week de maand mei, er komen zeker nieuwe kansen om op te handelen. We blijven dat met kleine posities doen en zoeken telkens een goed momentum uit om in te stappen. De volgende positie wordt zeer waarschijnlijk een LONG positie.

Meedoen met onze signalen kan nu via de nieuwe aanbieding die loopt tot 1 JULI 2022. Schrijf u nu snel in tot 1 JULI voor €35 via de Tradershop en kies uw abonnement via de link https://www.usmarkets.nl/tradershop

Marktoverzicht:
Wall Street moest even diep terug maar richting het slot kwam er een rally op gang die alles in de plus zette op slotbasis. Vooral de Nasdaq deed het goed deze keer, alleen werd het grote verlies van afgelopen vrijdag niet goed gemaakt. De S&P 500 won 0,57% terwijl de Dow Jones 0,25% hoger geraakte. De SOX index won dan weer 3,5% terwijl de Nasdaq met 1,5% winst sluit. Eerder op de dag stonden alle indices op Wall Street nog tussen de 1 en 1,5% lager dus de slotrally was wel stevig maar het past in deze fase met volop volatiliteit.

In Europa wel verlies, de AEX verloor 2,3% terwijl de DAX met 1,15% terug moest. Zo staat de AEX weer onder de 700 punten terwijl de DAX onder de 14.000 punten sluit. Via de futures zien we wel dat de DAX opnieuw boven de 14.000 punten staat vanmorgen, de AEX zien we rond de 700 punten openen vanmorgen, het is nu afwachten voor het verdere verloop van de sessie en vooral kijken we uit naar wat Wall Street gaat doen vanavond.

Dow Jones:
De Dow Jones kon na een diepe terugval herstellen en in de plus sluiten, een winst van 84 punten. De index sluit op 33.061 punten maar stond ook even op 32.450 punten, de hoogste stand van de sessie zien we op 33.225 punten. Dan zien we meteen dat de volatiliteit blijft.

Weerstand wordt nu eerst de 33.200-33.250 punten (reeds getest), later de 33.500 en de 33.750 punten. Daarboven de 34.080 punten waar nu het 50-daags gemiddelde uitkomt. Steun nu eerst rond de 32.800 punten, later de bodem van maandag rond de 32.450 punten en de bodem van eind februari rond de 32.250 punten.

AEX index:
De AEX verloor weer fors maandag, de laagste stand van de sessie zien we rond de 681 punten, het slot kwam uit op 694 punten maar gedurende de opening stond de AEX zelfs even rond de 711 punten. Ook hier dus enorme uitslagen en dat blijft maar aanhouden. De index moest dus terug tot rond de 681 punten, een duik onder enkele steunpunten die belangrijk waren. Nu steun rond die 680-682 punten, later steun rond de 670-672 punten en de 660 punten.

Weerstand nu eerst de 700-702 punten, later de zone 708-710 punten en de 718-720 punten. Denk eraan dat het ook bij een opleving heel snel zal gaan, in no-time staat de index weer rond of boven die 708-712 punten.

DAX index:
De DAX sluit 159 punten lager en weer onder de 14.000 punten, de dagbodem lag rond de 13.778 punten maar via een rally richting het slot kon de DAX de schade beperken met een slot op 13.939 punten. Vandaag bekijken we of de index die 14.000 punten weer kan doorbreken want die grens blijven we zien als richtpunt in beide richtingen. Boven die 14.000 punten kan de DAX verder omhoog richting de 14.200-14.250 punten waar er een zware weerstand wacht. Later weerstand rond de 14.500 en de 14.800 punten.

Steun nu eerst de 13.750-13.800 punten en de bodem van afgelopen woensdag rond de 13.600 punten.

Nasdaq Composite:
De Nasdaq herpakt zich na een duik omlaag tot rond de 12.200 punten, vanaf die bodem herpakt de Nasdaq zich met ruim 400 punten om in de plus te sluiten. De Nasdaq komt nu uit rond de weerstand die we zien door de oude bodem en dat is rondom de 12.500-12.550 punten. Dat wordt nu de eerste weerstand, bij een verdere stijging zien we rond de 12.750 en de 12.950 punten weerstand.

Steun nu eerst die zone 12.500-12.550 punten, later de bodem van maandag rond de 12.200 punten. Daarna steun rond de 12.000 en de 11.500 punten.

Overzicht resultaat dit jaar (2021):
Alle posities die op het laatst van de maand april werden opgenomen werden met winst gesloten, het resultaat loopt zo weer wat verder op en het verloop ziet er prima uit voor dit jaar. Ik blijf vooral de rust bewaren waar dat nodig is. Het is de komende week zoeken naar een mooi momentum om opnieuw in te stappen en door de volatiliteit blijven we met kleine posities werken om zo geen onnodige risico's te lopen. Zie via de tabellen hieronder de resultaten voor deze maand (april) en dit jaar (2022).

Meedoen met onze signalen kan nu via de nieuwe aanbieding die loopt tot 1 JULI 2022. Schrijf u nu dus snel in tot 1 JULI voor €35. Ga meteen naar onze Tradershop en kies uw abonnement via de link https://www.usmarkets.nl/tradershop

Overzicht resultaten deze maand maart en dit jaar (2022)

Met vriendelijke groet,
Guy Boscart