Liveblog Archief dinsdag 9 augustus 2022

TOP NEWS
• Biden to sign bill to boost U.S. chips, compete with China
President Joe Biden will sign a bill to provide $52.7 billion in subsidies for U.S. semiconductor production and research and to boost efforts to make the United States more competitive with China's science and technology efforts.

• Tesla's July sales of Chinese-made vehicles slide due to factory line upgrades
Tesla sold 28,217 Chinese-made vehicles in July, nearly two-thirds less than a month earlier as a scheduled upgrade to its factory lines in Shanghai disrupted production.

• U.S. small business sentiment edges up in July, NFIB says
U.S. small business confidence edged up in July as fuel prices eased and job openings became marginally easier to fill, but inflation worries intensified, a survey showed.

• Michael Kors-owner beats revenue estimates on resilient luxury demand
Michael Kors-owner Capri Holdings beat quarterly revenue estimates, helped by unwavering demand for luxury goods from higher-income consumers who remain largely unaffected by rising prices.

• Chipmaker Micron forecasts negative free cash flow for first quarter
Memory chipmaker Micron Technology said its free cash flow was expected to be negative for the fiscal first quarter and that it could see significant sequential declines in revenue and margins in the period due to a fall in shipments.


BEFORE THE BELL
Wall Street futures edged lower and European shares dipped as investors awaited the U.S. inflation data due later in the week and maintained a cautious stance amid fears of the impending interest rate hike by the Fed. Japan's Nikkei ended lower following weak corporate earnings. The dollar fell, while gold prices strengthened. Oil prices slipped over possibility of the Iran nuclear deal which would boost supply.


STOCKS TO WATCH

Results
• American International Group Inc: The insurer beat market estimates for quarterly profit on Monday as a jump in underwriting income cushioned the blow from lower investment returns. Net premiums written in the company's general insurance business rose 5% on a constant currency basis in the April-June quarter to $6.9 billion, while underwriting income climbed 73%. That helped AIG report adjusted after-tax income attributable to common shareholders of $1.19 per share. Analysts had expected a figure of $1.10 a share.

• Capri Holdings Ltd: The Michael Kors-owner beat quarterly revenue estimates, helped by unwavering demand for luxury goods from higher-income consumers who remain largely unaffected by rising prices. The company's total revenue rose 8.5% to $1.36 billion in the first quarter, beating analysts' average estimate of $1.29 billion. Net income for Capri, which also owns Italian fashion house Versace, fell to $203 million, or $1.40 per share, from $219 million, or $1.41 per share, a year earlier.

• Micron Technology Inc: The memory chipmaker said its free cash flow was expected to be negative for the fiscal first quarter and that it could see significant sequential declines in revenue and margins in the period due to a fall in shipments. The company also said fourth-quarter revenue may come in at or below the low end of its previous forecast in June, further pointing to weakening demand from PC and gaming industries. Micron forecast adjusted revenue for the current quarter at $7.2 billion, plus or minus $400 million.

• Novavax Inc: The company on Monday halved its full-year revenue forecast as it does not expect further sales of its COVID-19 shot this year in the United States in the face of a global supply glut and soft demand, sending its shares down. Novavax said it now expects 2022 total revenue in the range of $2 billion to $2.3 billion, compared with its prior forecast of $4 billion to $5 billion. Novavax also said it does not expect to receive an order in 2022 from the COVAX facility, which is backed by the World Health Organization and the global vaccine alliance Gavi.

• Take-Two Interactive Software Inc: The company on Monday became the latest videogame publisher to forecast weak annual sales, providing further evidence that absence of major releases and easing COVID-19 curbs have reined in the industry's growth. The "Grand Theft Auto" publisher said it expects full-year adjusted sales between $5.8 billion and $5.9 billion. Analysts expected $6.32 billion. Take-Two's forecast factored in contributions from mobile game maker Zynga, which it recently acquired in a $11.04 billion in a cash-and-stock deal. Though adjusted sales grew 41% to $1.0 billion for the quarter ended June 30, it was still below Street's expectation of $1.1 billion.

In Other News
• Alphabet Inc & Apple Inc: South Korea's telecommunications regulator said it plans to launch an investigation into app store operators such as Apple, Google and One Store over suspected violations of in-app payment law. The Korea Communications Commissions said in a statement it had conducted an inspection since May 17 to determine whether Google, Apple and One Store had violated the revised Telecommunications Business Act. It determined that all three app operators might have violated the rules. The KCC added that it plans to take strict measures such as correction orders or imposing fines if the probe finds barred activities.

• Berkshire Hathaway Inc & Occidental Petroleum Corp: Berkshire bought more shares of Occidental, surpassing the 20% stake where it could record some of the oil company's earnings with its own and potentially add billions of dollars of profit. In a regulatory filing on Monday night, Berkshire said it paid about $391 million for nearly 6.7 million Occidental shares between Aug. 4 and Aug. 8. The purchases gave Berkshire 188.4 million Occidental shares, or 20.2% of reported shares outstanding, worth $11.3 billion. A 20% stake would let Berkshire report its proportionate share of Houston-based Occidental's earnings with operating results, through the so-called equity method of accounting.

• BioNTech SE & Pfizer Inc: The European Medicines Agency (EMA) has started a rolling review of a variant-adapted COVID-19 vaccine from Pfizer and BioNTech, it said. The so-called bivalent vaccine targets two strains of the SARS-CoV-2 virus behind COVID - the original strain first identified in China, and the Omicron offshoots BA.4/5 that are currently behind most cases in Europe. A rolling review means the EMA assesses the data as it becomes available, and the process continues until there is enough data for a formal marketing application.

• BP Plc: The oil major has begun drilling an appraisal well in Texas for its U.S. carbon capture and sequestration business, an executive said on Monday. In May, BP said it and partner Linde planned to develop a site along the Texas coast to bury carbon dioxide produced from a Linde manufacturing site outside of Houston. "We are currently using our subsurface and expertise to drill an appraisal well, for our U.S. carbon capture and storage business," Jack Collins, finance chief of BP's BPX Energy shale subsidiary, said at the EnerCom conference. He declined to provide details.

• Snap Inc: The company is in early stages of planning layoffs, the Verge reported on Monday, citing people familiar with the plans. The scope of the job cuts is currently unclear as managers are still planning it for their teams, the report said, adding that the Snapchat-owner has more than 6,000 employees. Separately, Snap rolled out its first parental control tools, which will allow parents to see who their teens are talking to, but not the substance of their conversations.

• Tesla Inc: The company sold 28,217 Chinese-made vehicles in July, nearly two-thirds less than a month earlier as a scheduled upgrade to its factory lines in Shanghai disrupted production. The U.S. carmaker exported 19,756 Model 3s and Model Ys from China last month, the China Passenger Car Association (CPCA)said. In June, it sold 78,906 vehicles and exported 968. Tesla suspended most of its production at the Shanghai plant in July due to an upgrade that aims to bring the factory's weekly output to around 22,000 units compared with levels of around 17,000 in June, according to internal memos seen by Reuters.


FOCUS
Burning cash, commercial EV startups race to deliver vehicles
A handful of commercial electric vehicle (EV) startups are burning through cash fast, racing to bring vans or trucks to market before the funds run out or customers choose to buy from legacy automakers like Ford or General Motors.


ANALYSTS' RECOMMENDATION
• Aspen Technology Inc: Baird raises target price to $182 from $162, after the company posted annual spend above estimates in the fourth quarter.

• Corteva Inc: Berenberg raises target price to $66 from $58, saying the company is accelerating its market share gains in the U.S. soybean seed market and rolling out its portfolio of new crop protection products at a faster pace than expected.

• Luminar Technologies Inc: Cowen and Company raises target price to $14 from $12, following the company’s second-quarter revenue beat.

• Nvidia Corp: JPMorgan cuts target price to $230 from $285, after the company preannounced that weaker demand in gaming would hurt its second-quarter results.

• Palantir Technologies Inc: Credit Suisse cuts target price to $11 from $12, following the company’s mixed second-quarter results.


ECONOMIC EVENTS (All timings in U.S. Eastern Time)
0830 Unit labor costs preliminary for Q2: Expected 9.5%; Prior 12.6%
0830 Productivity preliminary for Q2: Expected -4.7%; Prior -7.3%


COMPANIES REPORTING RESULTS
Akamai Technologies Inc: Expected Q2 earnings of $1.31 per share
Norwegian Cruise Line Holdings Ltd: Expected Q2 loss of 86 cents per share
Ralph Lauren Corp: Expected Q1 earnings of $1.75 per share
Sysco Corp: Expected Q4 earnings of $1.11 per share
TransDigm Group Inc: Expected Q3 earnings of $4.39 per share
Welltower Inc: Expected Q2 earnings of 18 cents per share
Wynn Resorts Ltd: Expected Q2 loss of $1.02 per share


CORPORATE EVENTS (All timings in U.S. Eastern Time)
0800 AECOM: Q3 earnings conference call
0800 Planet Fitness Inc: Q2 earnings conference call
0800 Reynolds Consumer Products Inc: Q2 earnings conference call
0815 Bentley Systems Inc: Q2 earnings conference call
0815 Nielsen Holdings PLC: Annual Shareholders Meeting
0830 American International Group Inc: Q2 earnings conference call
0830 Aramark: Q3 earnings conference call
0830 Globalfoundries Inc: Q1 earnings conference call
0830 Intra-Cellular Therapies Inc: Q2 earnings conference call
0830 Marriott Vacations Worldwide Corp: Q2 earnings conference call
0830 Warner Music Group Corp: Q3 earnings conference call
0900 CLARIVATE PLC: Q2 earnings conference call
0900 Emerson Electric Co: Q3 earnings conference call
0900 FS KKR Capital Corp: Q2 earnings conference call
0900 Hyatt Hotels Corp: Q2 earnings conference call
0900 IAA Inc: Q2 earnings conference call
0900 Ingredion Inc: Q2 earnings conference call
0900 International Flavors & Fragrances Inc: Q2 earnings conference call
0900 Olaplex Holdings Inc: Q2 earnings conference call
0900 Primerica Inc: Q2 earnings conference call
0900 Qorvo Inc: Annual Shareholders Meeting
0900 Ralph Lauren Corp: Q1 earnings conference call
1000 Novanta Inc: Q2 earnings conference call
1000 Principal Financial Group Inc: Q2 earnings conference call
1000 Sysco Corp: Q4 earnings conference call
1000 UWM Holdings Corp: Q2 earnings conference call
1100 Hilton Grand Vacations Inc: Q2 earnings conference call
1100 Louisiana-Pacific Corp: Q2 earnings conference call
1100 ONEOK Inc: Q2 earnings conference call
1100 TPG Inc: Q2 earnings conference call
1100 TransDigm Group Inc: Q3 earnings conference call
1130 Ionis Pharmaceuticals Inc: Q2 earnings conference call
1630 Akamai Technologies Inc: Q2 earnings conference call
1630 Azenta Inc: Q3 earnings conference call
1630 Celsius Holdings Inc: Q2 earnings conference call
1630 Dolby Laboratories Inc: Q3 earnings conference call
1630 H & R Block Inc: Q4 earnings conference call
1630 Halozyme Therapeutics Inc: Q2 earnings conference call
1630 Light & Wonder Inc: Q2 earnings conference call
1630 Masimo Corp: Q2 earnings conference call
1630 Plug Power Inc: Q2 earnings conference call
1700 Axon Enterprise Inc: Q2 earnings conference call
1700 Exelixis Inc: Q2 earnings conference call
1700 Trade Desk Inc: Q2 earnings conference call
1700 Unity Software Inc: Q2 earnings conference call
1700 Wynn Resorts Ltd: Q2 earnings conference call
1700 Xp Inc: Q2 earnings conference call
1730 Coinbase Global Inc: Q2 earnings conference call


EX-DIVIDENDS
American Electric Power Company Inc: Amount $0.78
Brown & Brown Inc: Amount $0.10
Constellation Brands Inc: Amount $0.80
International Business Machines Corp: Amount $1.65
Olin Corp: Amount $0.20
Penske Automotive Group Inc: Amount $0.53
PPG Industries Inc: Amount $0.62
Rollins Inc: Amount $0.10
Sensata Technologies Holding PLC: Amount $0.11
Sonoco Products Co: Amount $0.49

Goedemorgen,

De week start verdeeld met winst in Europa, de AEX sluit 0,7% hoger terwijl de DAX 0,2% hoger sluit. De Franse CAC 40 won 0,8% terwijl de BEL 20 index 0.95% hoger de sessie afsluit. Op Wall Street nog wat winst voor de Dow Jones en de Dow Transport, de Dow Jones sluit 0,1% hoger terwijl de Dow Transport index 0,35% hoger sluit. De Nasdaq sluit 0,1% lager, de Nasdaq 100 verloor 0,4% en de SOX sluit 1,6% lager. Verder zien we dat de Brent olie een sterk herstel liet zien, de olieprijs komt nu uit rond de 96,7 dollar vanmorgen. De 10-jaars rente in de VS zien we weer wat lager, nu rond de 2,76%. De markt schrok wel van de winstwaarschuwing door chip bedrijf Nvidia, het aandeel verloor maandag 12 dollar ofwel ruim 6%.

Meedoen met onze signalen die we versturen kan door lid te worden via de Tradershop ... Let op, er loopt nu een aanbieding tot 1 OKTOBER voor €35 ...

Update dinsdag 9 augustus:
De week begon met een volatiele sessie op Wall Street want alle indices stonden na de opening fors hoger maar moesten alles weer inleveren richting het slot om vlak tot iets lager te sluiten. De Nasdaq en de Nasdaq 100 stonden zelfs even zo'n 200 punten hoger terwijl de Dow Jones tot 300 punten winst liet zien en boven de 33.100 punten geraakte. Uiteindelijk sloot de Nasdaq 13 punten lager om op 12.644 punten te sluiten, de Nasdaq 100 verloor 48 punten om op 13.159 punten te sluiten. De Dow Jones won dan weer 29 punten met een slot op 32.832 punten, de S&P 500 sluit 5 punten lager met een slot op 4140 punten. Verder zien we dat de Dow Transport index 51 punten winst boekt, de SOX index verloor 49 punten (-1,6%) door een onverwachte winstwaarschuwing van Nvidia.

Echt veel nieuws kwam er niet, de markt verwerkt nog steeds het banenrapport van afgelopen vrijdag. De cijfers die beter waren dan werd verwacht zien beleggers als een signaal dat de Amerikaanse economie nu nog niet in een recessie zit maar aan de andere kant weet men ook dat de FED nog agressiever de rente zal moeten verhogen terwijl deze gedachte eerder nog wat werd getemperd. Zoals ik al aangaf, een beetje een dubbel gevoel na de cijfer die ook vertekend kunnen overkomen, nu maar wachten op de volgende cijfers over de inflatie in de VS die woensdag al komen. De kans op weer een renteverhoging van 0,75% in september groeit al tot 70%, dat is hoger dan pakweg een week geleden.

Woensdag krijgen we een belangrijke sessie voor beleggers want dan wordt het Amerikaanse inflatiecijfer over de maand juli bekend gemaakt, dat kan de markt opnieuw een volatiele sessie bezorgen. Verder krijgen beleggers deze week nog genoeg bedrijfscijfers over het 2e kwartaal, men kijkt vooral uit naar de cijfers van Disney die woensdag komen, verder krijgen we nog voldoende cijfers te verwerken maar de grotere bedrijven hebben we al achter de rug.

Er lopen posities nu via de signaaldiensten, zodra u lid wordt kunt u inloggen op de website bij de Tradershop waar u dan alle details kunt zien.

Wat betreft de maand JULI hebben we opnieuw winst kunnen maken bij alle abonnementen en dat al voor de 7e maand op rij dit jaar. Meedoen met de signalen die we versturen kan door lid te worden via de Tradershop en er loopt nu een aanbieding tot 1 SEPTEMBER 2022 voor €35. Ga dus naar de Tradershop en schrijf u in via de link https://www.usmarkets.nl/tradershop

Marktoverzicht:
Wall Street sluit wat verdeeld, de tech indices opnieuw lager maar de Dow Jones kon net in de plus eindigen. Vooral de chip sector kreeg het lastig door dat Nvidia met een winstwaarschuwing kwam. De Nasdaq 100 verloor 0,37% terwijl de Nasdaq 0,1% verloor, De S&P 500 verloor 5 punten. De SOX index sluit 1,6% lager door dat veel chip bedrijven omlaag moesten door de winstwaarschuwing van Nvidia. De Dow Jones kon nog wel net in de plus sluiten, de index won 0,1%. Over het algemeen een vlak slot maar de indices stonden aan het begin van de sessie wel even fors hoger.

In Europa zien we 5 punten winst voor de AEX met een slot op 728 punten na een volatiele sessie, de index blijft wel zoeken tussen de 720 en 735 punten waar het 200-MA wacht. De DAX won 114 punten met een slot op 13.687 punten. Zowel bij de AEX als bij de DAX moeten we opletten, beide indices staan nog aan de hoge kant en bij een correctie kan er best nog wat af. Wel moet er dan een duidelijke draai omlaag op gang komen na de felle rally van de afgelopen weken.

De signaaldiensten:
Meedoen met onze signalen kan nu via de aanbieding die loopt tot 1 OKTOBER 2022 en dan voor €35. Ga snel naar onze Tradershop en kies daar uw abonnement via de link https://www.usmarkets.nl/tradershop dan staat u vandaag nog op de lijst en ziet u alle details over de posities die open staan.

Dow Jones:
De Dow Jones sluit 29 punten hoger en blijft zo nog altijd tussen de 32.500-33.000 punten hangen momenteel. Het slot kwam maandag uit op 32.832 punten, de index geraakte maandag nog even tot boven de 33.100 punten maar daarna werd er winst genomen.

Steun nu eerst rond de 32.500 en later rond de 32.200 punten, verder zien we rond de 32.000 en de 31.675-31.725 punten steun waar ook het 50-daags gemiddelde (31.725) uitkomt. Weerstand nu rond de 33.000-33.100 punten, later de 33.300 en de 33.950 punten waar het 200-MA uitkomt als weerstand.

AEX index:
De AEX sluit 5 punten hoger met een slot op 728 punten, de index beweegt nu tussen de 720 en de 735 punten met aan de onderkant een belangrijke steun en aan de bovenkant een zware weerstand waar we ook het 200-daags gemiddelde zien uitkomten (732).

Steun nu eerst rond de 720-722 punten met daaronder de 715-718 punten als steun. Verder zien we steun rond de 712 en de 708-710 punten zone. Weerstand nu eerst rond de 728-730 punten, later de 732-735 en de 750 punten als richtpunten.

DAX index:
De DAX sluit wat hoger, de index blijft met het slot op 13.687 punten nog ruim boven de 13.400 punten uitkomen waar we nu de belangrijke steun zien. Weerstand nu eerst de 13.750 punten met later de 13.900-14.000 punten als mogelijk doel mocht de DAX doorstoten omhoog.

Steun blijft nu de 13.400 punten met later de belangrijke zone 13.000-13.050 punten als steun. Verder zien we rond de 12.750 punten de volgende steun voor de DAX.

Nasdaq Composite:
De Nasdaq moet opnieuw wat inleveren, de index begon wel sterk aan de sessie met even een plus van rond de 200 punten. De index blijft wel nog rond de steun-weerstand hangen en zal de komende dagen richting moeten kiezen. Weerstand zien we nu rond de 12.750 punten, verder weerstand rond de 12.900-13.000 punten.

Steun nu eerst rond de 12.500-12.550 punten met later de 12.300 en de 12.100 punten als steun. Verder zien we steun rond de 11.750 en het 50-daags gemiddelde dat nu rond de 11.675 punten wacht.

Overzicht resultaten deze maand maart en dit jaar (2022):

Met vriendelijke groet,
Guy Boscart