Liveblog Archief donderdag 30 juni 2022

TOP NEWS
• Google targeted in fresh EU consumer groups' privacy complaints
Google has been targeted by a French consumer group and its peers in complaints to privacy watchdogs over its vast trove of users' personal data harvested via their Google accounts, European consumer organisation BEUC said.

• OPEC+ meets with little prospect of pumping more oil
OPEC+ enters a second and final day of meetings with sources saying the group is unlikely to decide imminently to pump more barrels to the market beyond August.

• With IPOs on ice, banks' stock offering fees plummet
Recession fears and Russia's invasion of Ukraine sent a chill through equity capital markets in the second quarter, depriving bankers of lucrative fees for arranging stock sales such as initial public offerings (IPOs).

• Pfizer asks for formal U.S. approval of oral COVID treatment Paxlovid
Pfizer said it is seeking full U.S. approval for its oral COVID-19 antiviral treatment Paxlovid, which is currently available under an emergency use authorization.

• U.S. watchdog to audit FAA oversight of Boeing 787, 737 production
The office of the inspector general of the U.S. Transportation Department will audit the Federal Aviation Administration's (FAA's) oversight of Boeing 737 and 787 production, it said on Wednesday.​


BEFORE THE BELL
U.S. stock index futures and European shares slid on worries that central banks determined to tame inflation will hamper global economic growth. In Asian markets, Japan's Nikkei dropped on weak monthly production data, while Chinese stocks marked their best month in nearly two years supported by signs of an economic recovery after the easing of COVID-19 restrictions. Bound for its worst quarter, gold prices fell while the dollar strengthened. Oil prices steadied as investors weighed concerns over global supply against a build in U.S. fuel product inventories.


STOCKS TO WATCH
• Alphabet Inc: Google has been targeted by a French consumer group and its peers in complaints to privacy watchdogs over its vast trove of users' personal data harvested via their Google accounts, European consumer organisation BEUC said. In addition to the French consumer group, others in Greece, the Czech Republic, Norway and Slovenia have taken their complaints to their data protection authorities, BEUC said. It said the German consumer body had sent a letter to Google that could lead to a civil lawsuit, while consumer agencies in the Netherlands, Denmark and Sweden have written to their privacy regulators alerting them about Google's practices. BEUC said the issue was Google's account sign-up process. Separately, French defence company Thales said it has created a new firm, dubbed S3NS, in partnership with Google to offer state-vetted cloud computing services for the storage of some of the country's most sensitive data. Additionally, a Republican member of the Federal Communications Commission has urged the chief executives of Apple and Google to kick Chinese-owned TikTok out of its app stores.

• AstraZeneca Plc: The company said a combination of its cancer drug, Imfinzi, and chemotherapy showed promise in a late-stage trial in patients with an aggressive form of lung cancer, when given before surgery. Data showed the combination was more effective in removing cancer cells in tissue samples taken during surgery when compared with just chemotherapy in patients with non-small cell lung cancer, the Anglo-Swedish drugmaker said.

• Boeing Co: The office of the inspector general of the U.S. Transportation Department will audit the Federal Aviation Administration's (FAA's) oversight of Boeing 737 and 787 production, it said on Wednesday. The watchdog said it would review the FAA's processes for "identifying and resolving" production issues and "addressing allegations of undue pressure within the production environment." The Office of Inspector General (OIG) said since 2019 "a number of concerns have been raised regarding production of the Boeing 737 and 787 aircraft - the two production lines with the largest number of aircraft on order."

• Booz Allen Hamilton Holding Corp: The U.S. Justice Department filed a lawsuit on Wednesday asking a court to stop Booz Allen Hamilton's planned purchase of rival EverWatch, according to a complaint filed in U.S. District Court in Maryland. The deal was announced in March. Terms of the transaction were not disclosed. The Justice Department said the deal would have threatened competition to provide the National Security Agency with operational modeling and simulation services. The deal, if allowed, would leave just one company to provide these services, the department said.

• BP Plc: The oil producer on Wednesday joined Shell in pledging to cover travel expenses for U.S. employee health care treatment following a Supreme Court decision overturning the Constitutional right to an abortion. Neither of the two European companies explicitly named abortion in their statements. They were the first oil producers to update their health care plans to extend benefits for women, while U.S. oil majors remained silent on the issue. BP will "assist with travel expenses for covered health care services that cannot be obtained near where an employee lives," the company said in response to questions over Friday's Supreme Court opinion overruling the Roe v. Wade decision.

• Coinbase Global Inc: The cryptocurrency exchange has renewed focus on its expansion in Europe and is in the process of registering in markets including Italy, Spain, France and the Netherlands, Bloomberg News reported on Wednesday. "In all these markets our intention is to have retail and institutional products," the report quoted Nana Murugesan, Coinbase's vice president of business development and international, as saying in an interview.

• Costco Wholesale Corp: Australia's Brambles said it had cancelled its investment in plastic pallets for customers who supply to Costco, ending a three-year old project after the companies failed to agree on pricing and commercial terms. The decision takes the company out of the U.S.-based big-box retailer's plans to migrate all pallets used in its supply chains to plastic over time, given their longevity and low maintenance needs. The Australian supply chain logistics firm said last year it would invest in Costco's shift to plastic pallets only if return on capital invested (ROCI) was over 15%.Brambles had spent about A$20 million so far on trials of the plastic pallets, according to local media.

• Frontier Group Holdings Inc & Spirit Airlines Inc: Spirit on Wednesday deferred a shareholder vote on Frontier's merger offer for the budget carrier until next week. Its shareholders had been scheduled to finalize their vote at a special meeting on Thursday. The Florida-based carrier said the meeting will now reconvene on July 8. This was the second time Spirit has delayed the vote, suggesting it had not convinced enough shareholders to back the deal, which is being contested by JetBlue Airways.

• Kinder Morgan Inc: The pipeline operator Kinder Morgan gave the greenlight to financing expanded capacity on a natural gas pipeline that brings fuel from fields in west Texas to export hubs near Houston, the company said on Wednesday. The expansion comes as several new liquefied natural gas (LNG) processing plants have been proposed along the U.S. Gulf Coast to meet rising demand in Europe and Asia. The proposed LNG plants would require about 3.1 billion cubic feet per day of new gas supply.

• McDonald's Corp: Italy's antitrust authority said it had closed an investigation launched last year over U.S. fast-food chain McDonald's franchise terms in the country. The AGCM regulator said that the company had committed to removing clauses in contracts with its Italian affiliates which could raise economic dependence issues and "which could unduly condition their work and reduce, in an unjustified way, their profit margins". "The Authority considered that the commitments proposed were adequate to remove the competition concerns related to abuse of economic dependence alleged in the opening proceedings," it said in a statement.

• Novartis AG: The company said it resumed the production and delivery of radioligand therapy medicines after fixing the issues that had led to a temporary suspension of production last month. "The company has remediated the issues that led to the temporary, voluntary suspension of production in May," the Swiss drugmaker said, adding these issues did not affect patient safety.

• Pfizer Inc & BioNTech SE: Pfizer said it is seeking full U.S. approval for its oral COVID-19 antiviral treatment Paxlovid, which is currently available under an emergency use authorization. Pfizer said it submitted a New Drug Application for Paxlovid to the Food and Drug Administration for the treatment of COVID-19 in vaccinated and unvaccinated people at high risk for progression to severe illness. That is basically consistent with the drug's current EUA, which Pfizer said covers 50% to 60% of the U.S. population, citing estimates from the U.S. Centers for Disease Control and Prevention. Separately, Pfizer and partner BioNTech said on Wednesday they signed a $3.2 billion deal with the U.S. government for 105 million doses of their COVID-19 vaccine, which could be delivered as soon as later this summer. Additionally, BioNTech said the two companies would start tests on humans of next-generation shots that protect against a wide variety of coronaviruses in the second half of the year.

• TotalEnergies SE: The company, under pressure from the French government to do more to help consumers tackle higher energy costs, announced discounts on pump prices at French motorway petrol stations. The French energy group said that it would offer a 0.12 euros-per-litre discount on fuel at motorway service stations in France from July 1 to Aug. 31. This would result in an overall discount at TotalEnergies service stations of 0.30 euros per litre, coming on top of French state discounts of 0.18 euros.

• UBS Group AG: The wealth manager and banking group will pay $25 million to settle fraud charges relating to an options trading strategy, the U.S. Securities and Exchange Commission (SEC) said on Wednesday. UBS marketed and sold the "Yield Enhancement Strategy (YES)" to about 600 investors through its platform of domestic financial advisers from February 2016 through February 2017, the SEC said, adding its order found that UBS did not provide its financial advisers with adequate training and oversight in the strategy. Although UBS recognized and documented the possibility of significant risk in those investments, it failed to share this data with advisers or clients, the SEC said.

• Walt Disney Co: More than a thousand visitors streamed in as the company's Shanghai Disney Resort theme park opened after a closure of three months, with face masks and social distancing the order of the day. The park shut on March 21 as cases rose in the Chinese business hub, leading to a two-month-long citywide lockdown that eased on June 1. Just over a week later, the resort began opening some areas, with the theme park the last to re-open. After the re-opening, it requires guests to show proof of a negative COVID test taken within the last 72 hours, in line with rules for public areas in Shanghai and other cities. The park has also said it will limit capacity, but gave no details, adding that some attractions, such as Marvel Universe, will stay closed.

• Xerox Holdings Corp: The printer maker said on Wednesday Chief Executive Officer John Visentin, 59, has died due to complications from an ongoing illness. Xerox called Visentin's death unexpected and said it has named Steve Bandrowczak, president and chief operations officer, as interim CEO. Visentin, who was also the vice chairman, joined Xerox as its CEO in May 2018 after he was nominated by Carl Icahn. The activist investor's firm is the biggest shareholder of the company, according to Refinitiv data.


INSIGHT
It's alive! How belief in AI sentience is becoming a problem
AI chatbot company Replika, which offers customers bespoke avatars that talk and listen to them, says it receives a handful of messages almost every day from users who believe their online friend is sentient. "We're not talking about crazy people or people who are hallucinating or having delusions," said Chief Executive Eugenia Kuyda. "They talk to AI and that's the experience they have."​


ANALYSTS' RECOMMENDATION
• Amkor Technology Inc: D.A. Davidson initiates coverage with buy rating, citing upsides including location, projected industry strength and attractive valuation.

• Bath & Body Works Inc: Piper Sandler initiates coverage with overweight rating, seeing the company's strong business model along with the resilience of the beauty and wellness market.

• Duck Creek Technologies Inc: Raymond James cuts target price to $18 from $24, following mixed third-quarter earnings and a weaker-than-expected outlook for the fourth quarter.

• Ithax Acquisition Corp: Northland Capital initiates coverage with outperform rating, seeing the company's proven track record and significant industry experience in supporting high-growth companies.

• MSC Industrial Direct Co Inc: Stephens cuts target price to $100 from $115, on the back of risks including unexpected inflation, higher interest rates, or further supply chain issues.


ECONOMIC EVENTS (All timings in U.S. Eastern Time)
0830 Personal income mm for May: Expected 0.5%; Prior 0.4%
0830 Personal consumption real mm for May: Prior 0.7%
0830 Consumption adjusted mm for May: Expected 0.4%; Prior 0.9%
0830 Core PCE price index mm for May: Expected 0.4%; Prior 0.3%
0830 Core PCE price index yy for May: Expected 4.8%; Prior 4.9%
0830 PCE price index mm for May: Prior 0.2%
0830 PCE price index yy for May: Prior 6.3%
0830 Initial jobless claims: Expected 228,000; Prior 229,000
0830 Jobless claim 4-week average: Prior 223,500
0830 Continue jobless claims: Expected 1.310 mln; Prior 1.315 mln
0945 Chicago PMI for June: Expected 58.0; Prior 60.3


COMPANIES REPORTING RESULTS
Micron Technology Inc: Expected Q3 earnings of $2.43 per share


CORPORATE EVENTS (All timings in U.S. Eastern Time)
0800 Acuity Brands Inc: Q3 earnings conference call
0830 Simply Good Foods Co: Q3 earnings conference call
0830 Walgreens Boots Alliance Inc: Q3 earnings conference call
0900 Phreesia Inc: Annual Shareholders Meeting
0900 Spirit Airlines Inc: Shareholders Meeting
0930 Ci&T Inc: Annual Shareholders Meeting
1000 Plug Power Inc: Annual Shareholders Meeting
1030 Constellation Brands Inc: Q1 earnings conference call
1100 Dollar Tree Inc: Annual Shareholders Meeting
1100 Kinetik Holdings Inc: Annual Shareholders Meeting
1100 Lindsay Corp: Q3 earnings conference call
1200 Nikola Corp: Annual Shareholders Meeting
1200 SentinelOne Inc: Annual Shareholders Meeting
1330 RH: Annual Shareholders Meeting
1330 SailPoint Technologies Holdings Inc: Shareholders Meeting
1400 Braze Inc: Annual Shareholders Meeting
1630 Micron Technology Inc: Q3 earnings conference call


EX-DIVIDENDS
Air Products and Chemicals Inc: Amount $1.62
American Express Co: Amount $0.52
Andersons Inc: Amount $0.18
Bristol-Myers Squibb Co: Amount $0.54
Cardinal Health Inc: Amount $0.49
ChampionX Corp: Amount $0.07
Choice Hotels International Inc: Amount $0.23
CubeSmart: Amount $0.43
Encore Wire Corp: Amount $0.02
ESAB Corp: Amount $0.05
Franchise Group Inc: Amount $0.62
Fulton Financial Corp: Amount $0.15
General Dynamics Corp: Amount $1.26
HEICO Corp: Amount $0.09
Ingredion Inc: Amount $0.65
Keurig Dr Pepper Inc: Amount $0.18
Morningstar Inc: Amount $0.36
Pegasystems Inc: Amount $0.03
Philip Morris International Inc: Amount $1.25
Quanta Services Inc: Amount $0.07
Ralph Lauren Corp: Amount $0.75
Raymond James Financial Inc: Amount $0.34
Realty Income Corp: Amount $0.24
Republic Services Inc: Amount $0.46
Royal Gold Inc: Amount $0.35
ServisFirst Bancshares Inc: Amount $0.23
State Street Corp: Amount $0.57
Sysco Corp: Amount $0.49
Ventas Inc: Amount $0.45
Wolverine World Wide Inc: Amount $0.10

Goeiemorgen,

Op Wall Street weinig verandering woensdag, we zien vooral een verlies van 2,2% bij de SOX index maar de rest bleef dicht bij huis. De Dow Jones kon zelfs 82 punten winst boeken. De beide Nasdaq indices sluiten nagenoeg vlak, de S&P 500 verloor iets. Europa liet via de DAX 1,75% liggen, de AEX verloor 2,5 punten terwijl ook de Franse CAC 40 en de BEL 20 wat verlies lieten zien. De Brent olie staat vanmorgen op 112,75 dollar, de 10 jaars rente in de VS zien we rond de 3,1% uitkomen vanmorgen. We kunnen in deze fase niet veel doen, de markt staat nu tussen de bodem en de recente top, het is wachten op een goed momentum en dat is er nu niet. Ergens midden in een fase wat doen is meer een muntje opgooien en daar pas ik voor, eerst meer duidelijkheid voor ik instap voor de leden.

We moeten nu vooral goed nadenken over de volgende stap die we gaan zetten met posities, alles werd gesloten gisteren en dan ook nog op het beste moment, zo werd de maand juni afgerond met een mooie winst bij alle abonnementen en dat al voor de 6e maand op rij dit jaar. Meedoen met de signalen die we versturen kan door lid te worden via de Tradershop ... Let op, er loopt nu een nieuwe aanbieding tot 1 SEPTEMBER voor €35 ...

Update donderdag 30 juni:
Woensdag sluiten de beurzen op Wall Street verdeeld, de S&P 500 sloot 2,7 punten lager op 3818,8 punten terwijl de Dow Jones met 0,3% winst de sessie afsluit op 31.029 punten. Verder zien we de Nasdaq vlak de sessie afsluiten (-3 punten) terwijl de Nasdaq 100 een kleine plus van 20 punten laat zien. Wel kreeg de bekende chip index SOX opnieuw met een daling te maken, deze index verloor 2,2% woensdag. Verder zien we een verlies van 0,45% bij de Dow Transport index.

In Europa was er verlies bij alle indices, de DAX verloor 1,75% terwijl de AEX 0,35% verloor. Verder was er 0,9% verlies voor de Franse CAC 40 terwijl de BEL 20 met 0,55% terug moest. Alle indices in Europa staan nu op een punt waar we weinig mee kunnen, eerst wachten op een duidelijke steun of weerstand want nu staat alles ergens in het midden waar we alle kanten mee op kunnen.

Wat ik aangeef is voor mij het enige wat telt, als ik niet weer welke kant op te handelen kan ik ook niet zeggen waar we de komende 2-3 sessies naartoe gaan met de indices. We moeten gewoon wachten en dat voelt comfortabeler aan dan dat we in een positie zitten waarvan je niet weet welke kant het op zal gaan. Als we nog even wachten dan komt er wel weer een momentum om wat te doen, tegen dan zal ik de leden wel informeren.

Gisteren sprak FED voorzitter Powell weer in Portugal, hij herhaalde dat de centrale banken nu alles uit de kast moeten halen om de inflatie in te dammen en dat kan de economie wel verstoren in de fase waarin de FED met actie moet komen. Powell weer nog niet wanneer alles weer zal stabiliseren maar hij zei wel dat het doel om dat te bereiken voorop blijft staan.

De signaaldiensten:
Wie mee wil doen kan lid worden, via de Tradershop kunt u de posities dan nog opnemen uiteraard. Na het sluiten van de posities voor de maand juni lopen de resultaten voor dit jaar 2022 gestaag verder op. Lid worden is altijd een goeie keuze, het ondersteunt vooral veel leden bij het maken van hun eigen beslissing, ook voor u kan dat enorm helpen in deze moeilijke markt.

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

Marktoverzicht:
Wall Street sluit de sessie redelijk verdeeld af met vooral winst bij de Dow Jones, een nagenoeg vlak slot bij de S&P 500 en de Nasdaq maar de SOX index waar de chip-makers in zitten laat een verlies van 2,2% zien. De chip-sector zit al een tijdje in een moeilijke fase, eerst waren er geen chips meer te krijgen maar nu ziet men de komende recessie als reden dat de vraag enorm zal afnemen.

In Europa vooral een redelijk verlies bij de DAX index met een slot dat 228 punten (-1,75%) lager uitkomt, de AEX index verloor 2,5 punten om op 666,6 punten te sluiten. Op zich viel het bij de AEX nog mee maar het blijft uiteraard opletten voor het vervolg nu.

Dow Jones:
De Dow Jones herpakt zich iets maar blijft dicht in de buurt van de 31.000 punten ofwel een stand waar we op dit moment weinig mee kunnen doen zodat we moeten afwachten op een goed momentum. Wat betreft de Dow Jones had ik aan het begin van de week verwacht dat de index nog tot rond de 32.250 punten zou kunnen oplopen maar dat doel werd niet behaald, zo zien we maar weer dat we alert en voorzichtig moeten blijven in deze markt.

Weerstand nu de 31.500 en de 31.885 punten, later de 32.250 punten als doel omhoog al wordt dat nu weer moeilijker na de draai omlaag. Steun nu eerst de 30.900 met snel daaronder de 30.600-30.650 punten, later de 30.500 en de 30.000 punten en de bodem die uitkomt rond de 29.800-29.850 punten.

AEX index:
De AEX kon deze week nog tot rond de 676 punten geraken maar moet nu weer terug omlaag om nu op 666.6 punten te sluiten. De GAP werd maandag en dinsdag net niet gedicht en dat ziet er op zich niet goed uit voor het vervolg. Weerstand blijft de 670-672 punten met later de 680-682 punten, later de 690 en de 700-702 punten.

Steun nu eerst de 660-662 punten met later de 650-655 punten, verder omlaag zien we steun rond de 640 en de bodem rond de 632 punten.

DAX index:
De DAX die er al minder goed bijlag moet opnieuw fors inleveren en kan nog net boven de 13.000 punten sluiten maar veel blijft er niet over. Steun blijft nu eerst de 13.000 en de 12.850-12.900 punten. Later steun rond de 12.750 en de 12.500 punten waar we de bodem van begin maart zien uitkomen.

Weerstand zien we eerst rond de 13.150 punten met later vooral de 13.300 en de 13.400 punten waar we een zware en belangrijke weerstand zien nu.

Nasdaq Composite:
De Nasdaq doet het deze week niet goed en sluit voor de 3e opeenvolgende sessie met verlies, een klein verlies woensdag maar na de stevige terugval van dinsdag toch geen herstel bij deze index. We moeten nu meteen letten op de steunlijn die rond de 11.030-11.050 punten uitkomt. Onder de 11.000 punten ziet het er weer slecht uit voor de Nasdaq, dan komt de bodem weer in zicht en die zien we rond de 10.550-10.600 punten. Onder de 10.550 punten ligt de weg open om nieuwe en diepere bodems neer te zetten.

Steun nu de 11.030-11.050 punten, later de 10.750 en de 10.550-10.600 punten. Onder de bodem moeten we rekening houden met de 10.250 en de 10.000 punten, later de 9750 punten als richtpunt. Weerstand nu eerst de 11.250 en de 11.500 punten, later de 11.700 en de 11.870 punten waar het 50-daags gemiddelde nu uitkomt.

Overzicht resultaat dit jaar (2022):
De maand juni hebben we afgerond, alle posities zijn gesloten en we sluiten juni af met een mooie winst. Alle abonnementen sluiten zo voor de 6e maand op rij dit jaar met winst af. We kijken nu uit naar nieuwe mogelijkheden die meteen gaan meetellen voor de maand juli die vanaf vrijdag begint. Welke kant we moeten kiezen valt nu nog niet te zeggen, de draai begon wat vroeger dan ik dacht zodat we nu moeten wachten op een goed momentum om in te stappen. Zorg dat u op tijd lid bent zodat u de eerste instap voor de maand juli niet hoeft te missen.

Meedoen met onze signalen kan nu via de nieuwe aanbieding die loopt tot 1 SEPTEMBER 2022 voor €35. Ga naar onze Tradershop en kies uw abonnement via de link https://www.usmarkets.nl/tradershop en kies een abonnement.

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

Met vriendelijke groet,
Guy Boscart