Liveblog Archief donderdag 3 september 2020

TOP NEWS
• Amazon bucks UK labour market gloom with 7,000 new jobs
Amazon brought a little cheer to Britain's troubled labour market, saying it will create a further 7,000 permanent jobs in 2020, taking total new hires this year to 10,000.
• VW-backed U.S. battery maker QuantumScape to go public at $3.3 billion valuation
QuantumScape, the 10-year-old Silicon Valley battery startup backed by Volkswagen, said it plans to go public through a reverse merger with Kensington Capital Acquisition with an enterprise value of $3.3 billion.
• Sanofi, GSK launch trial for COVID-19 protein-based vaccine
French drugmaker Sanofi and Britain's GlaxoSmithKline said they had started a clinical trial of their protein-based COVID-19 vaccine candidate, and aimed to reach the final testing stage by December.
• Euro zone recovery lost momentum in August as economies diverge
The euro zone's rebound from its deepest economic downturn on record faltered in August, surveys showed, with some countries in the bloc suffering more than others from restrictions imposed to limit the spread of the coronavirus.
• Vaccine group says 76 rich countries now committed to "COVAX" access plan
Seventy-six wealthy nations are now committed to joining a global COVID-19 vaccine allocation plan co-led by the World Health Organization (WHO) that aims to help buy and fairly distribute the shots, the project's co-lead said on Wednesday.​


BEFORE THE BELLU.S. stock index futures slipped as a rally in technology shares cooled, with investors looking forward to data on weekly jobless claims and business surveys. Bets on easy monetary policy supported European shares. Japan's Nikkei hit a six-month high, while China stocks ended lower as Sino-U.S. tensions dented sentiment. A strong dollar weighed on gold prices. Oil prices fell on worries about weaker U.S. gasoline demand.

STOCKS TO WATCH
Results
• Rocket Companies Inc (RKT). The parent of mortgage lender Quicken Loans swung to a quarterly profit in its first results as a public company on Wednesday, driven by higher borrowings on the back of lower interest rates. The company, founded by billionaire Dan Gilbert, raised $1.8 billion in its downsized initial public offering, giving it a valuation of $36 billion. Rocket's quarterly net revenue rose to $5.04 billion from $937.5 million in the second quarter. Its closed loan origination volume more than doubled to $72.32 billion. Net income was $3.5 billion in the quarter, compared to a loss of $54 million a year earlier.​

In Other News
• Amazon.com Inc (AMZN). The company brought a little cheer to Britain's troubled labour market, saying it will create a further 7,000 permanent jobs in 2020, taking total new hires this year to 10,000. The U.S. internet giant said the 7,000 new roles will be for warehouse workers, as well as engineers, HR and IT professionals and health and safety and finance specialists. Separately, Verizon Communications and Amazon.com may invest more than $4 billion for a stake in India's Vodafone Idea, the Mint newspaper reported.
• CureVac NV (CVAC) & Tesla Inc (TSLA). Silicon Valley entrepreneur Elon Musk and German Economy Minister Peter Altmaier consider the vaccine company as one the world's most innovative firms, a source said, after Musk and Altmaier met on Wednesday. Musk, who is CEO of Tesla, during the meeting also discussed Tesla's investments in Germany as well as space technology and autonomous driving, the source familiar with the discussions told Reuters.
• Facebook Inc (FB). The company said its users can transfer photos and videos stored on its servers to two new tech platforms - its latest move to address antitrust concerns by giving users an option to easily leave the company's services. The social media company's new partners are cloud storage firms Dropbox and Koofr - a Europen Union-based startup. Facebook announced a similar partnership with Alphabet-owned Google Photos in April. The feature that allows such transfers is called data portability. It gives users more control over their data and allows the social media company to respond to U.S. regulators and lawmakers who are investigating its competitive practices and allegations it has stifled competition. Separately, Facebook said it would stop accepting new political ads in the week before the U.S. presidential election in November, bowing to concern that its loose approach to free speech could once again be exploited to interfere with the vote.
• JPMorgan Chase & Co (JPM). The bank has first right to buy a 20% stake in its Chinese securities joint venture that has been put up for sale by one of its local partners for 177.7 million yuan, a filing by the partner showed. The potential transaction could take the bank's stake from 51% to 71% as it edges closer to full ownership of a securities entity in China at a time when geopolitical relations between the United States and China remain fragile. The state-owned Shanghai Waigaoqiao FTZ is selling its stake in the joint venture, which made a net loss of 86.8 million yuan in 2019, according to its filing on the Shanghai United Assets and Equity Exchange.
• McDonald's Corp (MCD). The global fast food giant has filed a trademark infringement notice in Australia after the local unit of Burger King created a similar product called the "Big Jack," according to a local newspaper report. Australian franchise Hungry Jack's released a double layer hamburger in July, similar in construction and appearance to the Big Mac, McDonald's alleges in documents filed with the Federal Court on Aug. 28, the Sydney Morning Herald newspaper reported. Hungry Jack's "deliberately adopted or imitated" the "distinctive appearance or build" of the Big Mac, along with its ingredients and tagline; "two all-beef patties, special sauce, lettuce, cheese, pickles, onions – on a sesame seed bun", McDonald's alleged, according to the report.
• Qualcomm Inc (QCOM). The chipmaker is ramping up its effort to put 5G mobile phones within reach of billions of people and backing new connected laptops aimed at the growing number of people working at home due to the COVID-19 pandemic. It launched a 5G-ready version of its Snapdragon 4 chips that will run on cheaper phones, priced at $125-$250, that will hit markets in the first quarter of next year. "It will deliver on the promise of making 5G accessible to all smartphone users," Qualcomm's president, Cristiano Amon, said in an opening video address to the IFA consumer technology fair in Berlin.
• Sanofi SA (SNY) & GlaxoSmithKline PLC (GSK). Sanofi and GlaxoSmithKline said they had started a clinical trial of their protein-based COVID-19 vaccine candidate, and aimed to reach the final testing stage by December. If the results are conclusive, Sanofi and GSK hope to get the vaccine approved in the first half of next year. The trial is currently in a "Phase 1/2 study" aimed at evaluating the safety, tolerability and immune response of the vaccine in 440 healthy adults across 11 investigational sites in the United States.
• Visa Inc (V). Norwegian fintech company Vipps, said it had struck a deal with the global payments giant to expand in Europe. "The partnership between Visa and Vipps will give banks and card issuers access to a mobile wallet that is easy to use and which will contribute to an increased adoption of digital payments," Vipps said in a statement.


INSIGHT
Investors snap up corporate debt, pushing some real yields below zero
More U.S. corporate bonds are paying negative inflation-adjusted yields, as expectations that interest rates will stay near historic lows send investors seeking higher payouts in riskier assets.​


ANALYSTS' RECOMMENDATION
• Cloudera Inc (CLDR). Barclays raises target price to $13 from $10, noting the company’s strong beat on billings in the second quarter with revenue growth accelerating in a tough pandemic quarter.
• CrowdStrike Holdings Inc (CRWD). Jefferies raises target price to $135 from $115, following the company’s second-quarter results that exceeded estimates and an increased outlook for the next year.
• Fedex Corp (FDX). Berenberg raises rating to buy from hold and raises target price to $280 from $130, saying the company's margin upside potential is significant and that it should benefit from a step-up in e-commerce thanks to COVID-19.
• Guidewire Software Inc (GWRE). JPMorgan raises target price to $140 from $126, citing the company’s strong headline numbers in the fourth quarter that beat estimates and ten cloud deals that could increase revenue.
• Smartsheet Inc (SMAR). Jefferies raises target price to $55 from $50, after the company's second-quarter billings beat Wall Street estimates and forecast higher revenue for the next year from its acquisition of Brandfolder.


ECONOMIC EVENTS (All timings in U.S. Eastern Time)
0830 International trade for July: Expected -$58.0 bln; Prior -$50.7 bln
0830 Goods trade balance (R) for July: Prior -$79.32 bln
0830 Initial jobless claims: Expected 950,000; Prior 1,006,000
0830 Jobless claims 4-week average: Prior 1,068,000
0830 Continued jobless claim: Expected 14.0 mln; Prior 14.535 mln
0830 Labor costs revised for Q2: Expected 12.1%; Prior 12.2%
0830 Productivity revised for Q2: Expected 7.5%; Prior 7.3%
0945 Markit Composite Final PMI for Aug: Prior 54.7
0945 Markit Services PMI Final for Aug: Prior 54.8
1000 ISM N-Manufacturing PMI for Aug: Expected 57.0; Prior 58.1
1000 ISM N-Manufacturing Business Activity for Aug: Expected 65.0; Prior 67.2
1000 ISM N-Manufacturing Employment Index for Aug: Prior 42.1
1000 ISM N-Manufacturing New Orders Index for Aug: Prior 67.7
1000 ISM N-Manufacturing Price Paid Index for Aug: Prior 57.6


COMPANIES REPORTING RESULTS
Broadcom Inc (AVGO). Expected Q3 earnings of $5.24 cents per share
Cooper Companies Inc (COO). Expected Q3 earnings of $1.52 cents per share​


CORPORATE EVENTS (All timings in U.S. Eastern Time)
0830 Campbell Soup Co (CPB). Q4 earnings conference call
0830 Ciena Corp (CIEN). Q3 earnings conference call
0830 GMS Inc (GMS). Q1 earnings conference call
0900 PVH Corp (PVH). Q2 earnings conference call
0900 Michaels Companies Inc (MIK). Q2 earnings conference call
0930 Hamilton Lane Inc (HLNE). Annual Shareholders Meeting
1000 Donaldson Company Inc (DCI). Q4 earnings conference call
1000 Patterson Companies Inc (PDCO). Q1 earnings conference call
1000 John Wiley & Sons Inc (JWa). Q1 earnings conference call
1100 Toro Co (TTC). Q3 earnings conference call
1100 Copart Inc (CPRT). Q4 earnings conference call
1100 Methode Electronics Inc (MEI). Q1 earnings conference call
1130 ViaSat Inc (VSAT). Annual Shareholders Meeting
1200 Korn Ferry (KFY). Q1 earnings conference call
1630 DocuSign Inc (DOCU). Q2 earnings conference call
1630 Medallia Inc (MDLA). Q2 earnings conference call
1630 Yext Inc (YEXT). Q2 earnings conference call
1700 Cooper Companies Inc (COO). Q3 earnings conference call
1700 Smith & Wesson Brands Inc (SWBI). Q1 earnings conference call
1700 Broadcom Inc (AVGO). Q3 earnings conference call
1700 Domo Inc (DOMO). Q2 earnings conference call​


EXDIVIDENDS
Acushnet Holdings Corp (GOLF). Amount $0.15
Amerco (UHAL). Amount $0.50
Arthur J Gallagher & Co (AJG). Amount $0.45
Bank of America Corp (BAC). Amount $0.18
BlackRock Inc (BLK). Amount $3.63
Brooks Automation Inc (BRKS). Amount $0.10
Brown-Forman Corp (BFa). Amount $0.17
CH Robinson Worldwide Inc (CHRW). Amount $0.51
Commerce Bancshares Inc (CBSH). Amount $0.27
Dominion Energy Inc (D). Amount $0.94
F.N.B. Corp (FNB). Amount $0.12
FedEx Corp (FDX). Amount $0.65
First Merchants Corp (FRME). Amount $0.26
Genuine Parts Co (GPC). Amount $0.79
Kimberly-Clark Corp (KMB). Amount $1.07
Knight-Swift Transportation Holdings Inc (KNX). Amount $0.08
LCI Industries (LCII). Amount $0.75
Mueller Industries Inc (MLI). Amount $0.10
Navient Corp (NAVI). Amount $0.16
New Fortress Energy Inc (NFE). Amount $0.10
Old Republic International Corp (ORI). Amount $0.21
PepsiCo Inc (PEP). Amount $1.02
Regions Financial Corp (RF). Amount $0.15
Sealed Air Corp (SEE). Amount $0.16
SLM Corp (SLM). Amount $0.03
Strategic Education Inc (STRA). Amount $0.60
Tegna Inc (TGNA). Amount $0.07
UniFirst Corp (UNF). Amount $0.25
Waste Management Inc (WM). Amount $0.54

Goedemorgen
Een sterke sessie voor de traditionele markt, de zogenaamde oude aandelen als industrie en de banken om er een paar te noemen maar ook de chipsector deed het goed met Nvidia dat opnieuw 21 dollar hoger sloot en onderweg is naar de 600 dollar. De sector trok ASML mee omhoog want het aandeel won maar liefst €10 gisteren en was daardoor verantwoordelijk voor de grote positieve beweging bij de AEX index. De AEX won gisteren 9 punten, de DAX wist 270 punten hoger te sluiten. Europa deed goed mee deze keer en dat kwam vooral door de sector rotatie.

De Nasdaq kreeg het wel even moeilijk en we hebben het bewijs als gezien dat als er een verkoopgolf op gang komt het heel snel gaat. Zo ging de Nasdaq 100 in amper een paar minuten tijd van 12.450 naar 12.250 punten wat toch een terugval was van rond de 200 punten. Ik let daarop vooral op de snelheid waarmee dat gebeurde en die was nogal heftig. Een indicatie van hoe het kan gaan zodra er een echte verkoopgolf op gang komt. Onthou dat want we gaan het nog zien en mijn inziens als het doorzet met nog meer geweld en dan enkele dagen na elkaar ...

Vanmorgen wat lagere futures, niet teveel maar toch even een stap terug zo te zien na de sterke sessie van gisteren. We moeten het verloop van de sessie verder afwachten, alles blijft dus aan de hoge kant, de Dow Jones net boven de 29.000 punten, de Nasdaq 100 dicht bij de 12.500 punten gisteren en de SP 500 kwam al even boven de 3575 punten uit. Dat zijn niveau's waar de aandelen veel te duur blijven en dus nog duurder worden als het zo doorgaat. De insteek blijft om op te letten en om uit te kijken waar we strategisch kunnen anticiperen met posities hierop ...

Meedoen met de signalen die ik verstuur kan nu tot 1 NOVEMBER voor €39 ... Dat zijn 2 maanden, ook 2 nieuwe maanden waar ik met posities zal anticiperen op de bewegingen die ik verwacht. De posities die lopen kunt u eventueel nog aankopen na dat u lid wordt, alles staan op de site in de Tradershop, alle details kunt u inzien dus ...

Schrijf u in via https://www.usmarkets.nl/tradershop ...

Tot later ... Guy Boscart

GLOBAL TOP NEWS
The recovery in China's service sector activity extended into a fourth straight month in August, an industry survey showed, with companies hiring more people for the first time since January.

Seventy-six wealthy nations are now committed to joining a global COVID-19 vaccine allocation plan co-led by the World Health Organization that aims to help buy and fairly distribute the shots, the project's co-lead said on Wednesday.

The United States said on Wednesday it would require senior Chinese diplomats to get State Department approval before visiting U.S. university campuses or holding cultural events with more than 50 people outside mission grounds.​


EUROPEAN COMPANY NEWS
Siemens Healthineers on Wednesday launched a 2.9 billion euro capital increase to finance parts of the planned takeover of U.S. peer Varian.

More than one-in-ten British shops now stand empty, reflecting recent widespread closures which are partly the result of the coronavirus crisis, a report showed.

Commerzbank on Wednesday became the latest company to drop EY as its auditor in the wake of the Wirecard accounting scandal whose accounts EY had signed off for years. ​


TODAY'S COMPANY ANNOUNCEMENTS
Albion Enterprise VCT PLC Annual Shareholders Meeting
Biocartis Group NV HY 2020 Earnings Call
Capgemini SE HY 2020 Earnings Call
Colas SA Shareholders Meeting
Dormakaba Holding AG FY 2020 Earnings Call
Dynagas LNG Partners LP Q2 2020 Earnings Release
EDP Energias de Portugal SA HY 2020 Earnings Release
EDP Renovaveis SA HY 2020 Earnings Call
EnQuest PLC HY 2020 Earnings Release
Foresight 4 VCT PLC Annual Shareholders Meeting
Gem Diamonds Ltd HY 2020 Earnings Call
Headlam Group PLC HY 2020 Earnings Release
Invesco Asia Trust PLC Annual Shareholders Meeting
JLEN Environmental Assets Group Ltd Annual Shareholders Meeting
Les Toques Blanches du Monde SA Annual Shareholders Meeting
Lindsell Train Investment Trust PLC Annual Shareholders Meeting
NCC Group PLC FY 2020 Earnings Call
Neolife SA Annual Shareholders Meeting
Neovacs SA Annual Shareholders Meeting
Ninety One PLC Annual Shareholders Meeting
Severfield PLC Annual Shareholders Meeting
Value and Income Trust PLC Annual Shareholders Meeting​


ECONOMIC EVENTS (All times GMT)
0630 Switzerland CPI mm for Aug: Expected 0.1%; Prior -0.2%
0630 Switzerland CPI yy for Aug: Expected -0.8%; Prior -0.9%
0630 (approx.) Sweden PMI Services for Aug: Prior 54.8
0715 Spain Services PMI for Aug: Expected 48.0; Prior 51.9
0745 Italy Markit/IHS Services PMI for Aug: Expected 49.2; Prior 51.6
0745 Italy Composite PMI for Aug: Prior 52.5
0750 France Markit Services PMI for Aug: Expected 51.9; Prior 51.9
0750 France Markit Composite PMI for Aug: Expected 51.7; Prior 51.7
0755 Germany Markit Services PMI for Aug: Expected 50.8; Prior 50.8
0755 Germany Markit Composite Final PMI for Aug: Expected 53.7; Prior 53.7
0800 Euro Zone Markit Services Final PMI for Aug: Expected 50.1; Prior 50.1
0800 Euro Zone Markit Composite Final PMI for Aug: Expected 51.6; Prior 51.6
0830 United Kingdom Markit/CIPS Services PMI Final for Aug: Expected 60.1; Prior 60.1
0830 United Kingdom Composite PMI Final for Aug: Expected 60.3; Prior 60.3
0830 (approx.) United Kingdom Reserve Assets Total for Aug: Prior 183,126.41 mln USD
0900 Euro Zone Retail Sales mm for Jul: Expected 1.5%; Prior 5.7%
0900 (approx.) Euro Zone Retail Sales yy for Jul: Expected 3.5%; Prior 1.3%​