Liveblog Archief maandag 20 juli 2020

Rotatie in volle gang, Dow amper hoger, Nasdaq topdag en Russel 2000 samen met de Transport lager sluiten, de Transport zelfs for lager ... Amazon was de blikvanger met een stijging van maar liefst 236 dollar, waar hebben we het in hemelsnaam over? Ook Apple en Microsoft kennen een sterke rebound, beiden winnen behoorlijk ... En dat na een matige voorbeurs indicatie, er staat wel weer een groene maandag op de borden in ieder geval. De komende dagen zal moeten blijken of de Nasdaq weer nieuwe records kan maken, ik dacht na een technische rebound dat we de index short kunnen pakken, tot nu toe nog geen succes maar dat kan snel ander worden de komende dagen, de volatiliteit blijft hoog en dus uitdagend ...

Tot morgen ... Guy

TOP NEWS
• Chevron to buy Noble Energy in $5 billion deal
Oil major Chevron said it agreed to buy Noble Energy in an all-stock deal, valuing the Houston-based oil and gas producer at $5 billion.
• Britain signs deals with Pfizer, BioNTech, Valneva for COVID-19 vaccines
Britain has signed deals to secure 90 million doses of two possible COVID-19 vaccines from an alliance of Pfizer and BioNTech, and French group Valneva, the business ministry said.
• EU leaders show first signs of compromise on stimulus plan
Signs emerged that leaders of northern European Union countries were willing to compromise on a $2 trillion coronavirus stimulus plan as talks in Brussels extended to a fourth day.
• Amazon says exports from India-based sellers cross $2 billion
Amazon.com's total exports from small and medium sellers in India, part of a company programme to export products to global markets, have crossed the $2 billion mark, two company executives said.
• Global banks scrutinize their Hong Kong clients for pro-democracy ties -sources
Global wealth managers are examining whether their clients in Hong Kong have ties to the city's pro-democracy movement, in an attempt to avoid getting caught in the crosshairs of China's new national security law, according to six people with knowledge of the matter.


BEFORE THE BELL
Wall Street futures dipped as investors assessed the possibility of further damage to business activity from surging COVID-19 cases. Most European shares fell, dragged down by cyclical sectors, while investors remained cautiously optimistic about the ongoing talks over an EU-wide recovery fund. Japan’s Nikkei ended higher as expectations that the central bank would purchase exchange-traded funds offset weak exports data. The dollar edged lower against rival currencies, while gold inched up. Oil prices fell on fuel demand concerns.


STOCKS TO WATCH
Results
• Koninklijke Philips NV (PHG). The Dutch health technology company said it expected to return to growth in the second half of the year, if hospitals and consumers were able to gradually overcome the first shock of the coronavirus pandemic. The firm said comparable sales dropped 6% in the second quarter, to 4.4 billion euros, as the global spread of COVID-19 hit demand for its consumer products and caused hospitals to delay the installation of new equipment. But the pandemic also spurred a 27% increase in new orders, as hospitals rushed to buy CT scanners, ventilators and monitoring equipment needed to help patients battling the respiratory disease. Philips said its adjusted earnings before interest, taxes and amortisation (EBITA) fell 24% to 418 million euros in the April-June period, beating analysts' expectations for a drop to 344 million euros.

Deals Of The Day
• Chevron Corp (CVX) & Noble Energy Inc (NBL). Chevron said it agreed to buy Noble Energy in an all-stock deal, valuing the Houston-based oil and gas producer at $5 billion. The offer values Noble at $10.38 a share or 0.1191 Chevron share, a 7.5% premium to Noble's Friday close. The deal would value Noble at roughly $13 billion, including debt. Noble's assets will expand Chevron's presence in the DJ Basin of Colorado and the Permian Basin across West Texas and New Mexico. They would also add to Chevron's assets in the eastern Mediterranean and West Africa and yield potential annual cost savings of $300 million.

In Other News
• Amazon.com Inc (AMZN). The company's total exports from small and medium sellers in India, part of a company programme to export products to global markets, have crossed the $2 billion mark, two company executives said. Current sales are still a fraction of India's total exports of goods and services, which are estimated at nearly $530 billion in the financial year that ended on March 31. "It took us three years plus to hit the first billion dollars, today we are able to hit the next billion dollars, 100% growth in the last 18 months," Gopal Pillai, vice president for seller services at Amazon India, said in a phone interview.
• Cloudflare Inc (NET). The internet infrastructure firm said it was in the process of applying a fix after a number of its customers began "experiencing issues" on Friday. Disruptions percolated across the web late afternoon in the United States and Europe, hitting chat app Discord and retail site Shopify, among several others. Discord said in a message posted to Twitter that "an upstream internet issue" was to blame. Because sites across the world use Cloudflare to deliver web content to internet users and protect themselves from denial of service attacks, an outage at the San Francisco-based company can have knock-on effects across the globe.
• Delta Air Lines Inc (DAL). The airlines told pilots on Friday it would avoid furloughs if they agreed to reduced guaranteed minimum pay, according to a memo seen by Reuters. Delta flight operations senior vice president John Laughter said in a memo the company is "committed to preventing involuntary furloughs for as many, if not all, Delta people." Laughter said the company proposed reducing guaranteed minimum pilot pay by 15% for 12 months in exchange for a guarantee of no furloughs for one year. Laughter said Delta pilots are currently being paid for more hours than they are actually flying. In June pilots flew about 10 actual hours and it will be 15.5 in July.
• eBay Inc (EBAY). The online auction pioneer is in advanced talks to sell its classified-ads unit to Norwegian group Adevinta as the company seeks to refocus on its core marketplace business, the Wall Street Journal reported. The price of the cash-and-stock deal was not disclosed, but the eBay unit is expected to sell for roughly $8 billion or more and the agreement could be announced as soon as Monday, WSJ said, citing people familiar with the matter. Ebay's classified business includes brands such as Gumtree and Kijiji and offers online ads to more than 1,000 cities around the world.
• Facebook Inc (FB) & Walt Disney Co (DIS). Disney has become the latest company to slash its advertising spending on Facebook as the social media giant faces an ad boycott over its handling of hate speech and controversial content, the Wall Street Journal reported on Saturday, citing people familiar with the situation. Disney has paused advertising of its streaming video service Disney+ on Facebook as the company is concerned about Facebook's enforcement of its policies surrounding objectionable content, the report said. The company has also paused ad spending on Facebook-owned Instagram for its another streaming service called Hulu, the report added. Separately, the Wall Street Journal reported on Friday the U.S. Federal Trade Commission is considering taking sworn testimony from Facebook's top executives Mark Zuckerberg and Sheryl Sandberg as a part of its probe into whether the company has engaged in unlawful monopolistic practices.
• Ford Motor Co (F) & Intel Corp (INTC). Ford will work with Intel's autonomous driving unit, Mobileye, to develop an improved collision avoidance system for its vehicles, the No.2 U.S. carmaker said. Ford said the collaboration with Mobileye will be to develop improved camera-based collision warning, detection of vehicles and pedestrians and lane-keeping features for its vehicles, including F-150 and Mustang Mach-E cars. The carmaker said Mobileye will provide its EyeQ sensing technology along with a vision-processing software to support Ford's Co-Pilot360 system as well as a hands-free driving feature that will be introduced next year.
• Goldman Sachs Group Inc (GS). Executives from the investment bank would resume negotiations with the Malaysian government this week over the recovery of assets lost in the scandal at sovereign fund 1MDB, Finance Minister Tengku Zafrul Abdul Aziz said. Confirming the arrival in Malaysia of the Goldman negotiating team in a statement, Tengku Zafrul expressed hope that the talks would "enable us to move closer towards achieving the desired results on the recovery of 1MDB assets." A source close to the government said Malaysia's attorney-general, Idrus Harun, will lead the Malaysian team in talks with Goldman Sachs' executives.
• Pfizer Inc (PFE) & BioNTech SE (BNTX). Britain has signed deals to secure 90 million doses of two possible COVID-19 vaccines from an alliance of Pfizer and BioNTech, and French group Valneva, the business ministry said. The firms are aiming to make up to 100 million doses by the end of this year and potentially more than 1.2 billion doses by end of 2021, if the vaccine is successful. It uses the so-called messenger RNA approach, in contrast to the more traditional, inactivated whole virus vaccine being developed by Valneva.
• Taiwan Semiconductor Manufacturing Co Ltd (TSM). Japan is aiming to invite the company or other global chipmakers to build an advanced chip manufacturing plant jointly with domestic chip equipment suppliers, the Yomiuri daily reported on Sunday. The government is planning to offer a total of several hundred billion yen, or equivalent to several billion dollars, over multiple years to overseas chipmakers who join the project, the daily said, without citing sources. A TSMC spokesperson denied there was any such plan at the moment when contacted by Reuters but said the company would not rule anything out in the future.
• Twitter Inc (TWTR). The social media company said on Saturday that hackers were able to download account information for up to eight accounts involved in the hack of its systems this week, but said none of them were verified accounts. The company said the unidentified attackers targeted 130 accounts, and were able to reset passwords to take control of 45 of them and tweet from those accounts. "In cases where an account was taken over by the attacker, they may have been able to view additional information", Twitter said in the statement without specifying the type of information accessed. Meanwhile, the company disabled a campaign-style video that President Donald Trump retweeted on Saturday, citing a copyright complaint.


ANALYSIS
When the U.S. sneezes, the world catches a cold. What happens when it has severe COVID-19?
During a blue-sky moment in 2018 near the end of a decade-long economic expansion, it was the United States that helped pull the world along as the extra cash from tax cuts and government spending flowed through domestic and global markets.


ANALYSTS' RECOMMENDATION
• BlackRock Inc (BLK). KBW raises target price to $614 from $560, following the company’s second-quarter results and noting operating income was above forecast driven by higher management fee and performance fee.
• Moderna Inc (MRNA). JPMorgan cuts rating to neutral from overweight on valuation concerns and raises target price to $89 from $60, remaining bullish on Moderna’s long-term outlook and chances of being one of the first companies to bring a COVID-19 vaccine to market.
• Schnitzer Steel Industries Inc (SCHN). Cowen and Company raises target price to $17 from $16, reflecting their higher FY20 and FY21 EBITDA forecasts.


ECONOMIC EVENTS
No economic indicators are scheduled for release

Goedemorgen
We zien dat de futures wat lager staan vanmorgen, wel is het zo dat Azië er wat verdeeld bij ligt, zo zien we dat de Nikkei en de Hang Seng vlak liggen terwijl China wat hoger staat vanmorgen. Op Wall Street zien we dat de futures een daling aangeven van rond de 0,5%. Niet echt veel spektakel te verwachten, we gaan zien of de indices een richting gaan kiezen in de loop van de dag. Het is maandag, de afgelopen pakwel 5 keer op maandag was het raak met een stijging, vandaag maar eens zien of deze reeks wordt afgebroken. Vorige week maandag was het wel zo dat de Nasdaq die hoge top neerzette en er later in de week niet meer wist te geraken.

We zullen toch moeten wachten op de cijfers van enkele grote ofwel belangrijke bedrijven, er komen er enkele die de richting kunnen bepalen in de loop van deze week. Op de kalender zie ik vandaag Philips en IBM staan, morgen is het de beurt aan Coca-cola en Texas Instruments. Later deze week en vooral woensdag komen er nog wat hoogvliegers aan de beurt, denk hierbij aan Microsoft en Tesla waar velen naar benieuwd zijn na de recente koersstijging bij deze bedrijven en dan vooral Tesla ... Donderdag is Amazon aan de beurt, ook een hoogvlieger die wel al wat correctie liet zien vorige week, donderdag komt ook Intel met cijfers en hier in Nederland Unilever. Verder komen er nog veel meer bedrijven, ik heb er een paar vermeld in ieder geval die we in de gaten moeten houden.

Het wordt dus een week waar we moeten zoeken naar richting, zijn de cijfers goed genoeg? Zit alles wel goed voor de rest van dit jaar nu er weer de nodige angst aan zit te komen voor een 2e golf van besmettingen? Vooral in de VS lijkt de situatie met de dag erger te worden en het lijkt erop dat het Trump niet zoveel kan schelen, enfin dat haal ik uit zijn commentaren die je voorbij ziet komen. Iedereen zit fout behalve hij zelf ...

Een belangrijke week dus, we gaan rustig te werk en zoeken waar het kan naar kansen om op te handelen. Er komen wel weer mogelijkheden, we hebben amper wat open staan nu na dat ik eind vorige week winst heb genomen op de Amerikaanse indices, die wil ik er wel weer bij zien te pakken maar het is wachten op het juiste moment.

Lid worden kan nu via de nieuwe aanbieding, die loopt nu tot 1 OKTOBER voor €39 ... Dan krijgt u de updates, de signalen, suggesties en vooral waar het kan coaching over de markt ...

Om lid te worden ga naar https://www.usmarkets.nl/tradershop en schrijf u dus in ...

Tot later ... Guy

GLOBAL TOP NEWS
EU leaders stood at an impasse after three days of haggling over a plan to revive economies throttled by the COVID-19 pandemic, but the chairman of their near-record-length summit urged them to make one last push on "mission impossible".

Japan's exports plunged at a double-digit pace for the fourth month in a row in June, backing signs the coronavirus crisis has knocked the economy into its worst postwar recession and raising the spectre of a longer and more painful global downturn.

Florida reported over 12,000 new cases of COVID-19 on Sunday, the fifth day in a row the state has announced over 10,000 new infections, even as President Donald Trump pledged that "it's going to be under control."


EUROPEAN COMPANY NEWS
Global wealth managers are examining whether their clients in Hong Kong have ties to the city's pro-democracy movement, in an attempt to avoid getting caught in the crosshairs of China's new national security law, according to six people with knowledge of the matter.

British retailer Marks and Spencer Group plans to announce hundreds of job cuts in the coming week, Sky News reported on Sunday, citing sources.

Former Nissan Motor Chairman Carlos Ghosn took a swipe at his old employers in a newspaper interview on Sunday, calling the Renault and Nissan results "pathetic", driven as much by a lack of joint leadership than the COVID-19 pandemic.


TODAY'S COMPANY ANNOUNCEMENTS
Amigo Holdings PLC FY 2020 Earnings Call
B.P. Marsh & Partners PLC Annual Shareholders Meeting
Energean PLC Annual Shareholders Meeting
Julius Baer Gruppe AG HY 2020 Earnings Release
Koninklijke Philips NV Q2 2020 Earnings Release
Nobia AB Q2 2020 Earnings Release
Redx Pharma PLC Shareholders Meeting
SThree PLC HY 2020 Earnings Call
Technicolor SA Annual Shareholders Meeting
Trelleborg AB Q2 2020 Earnings Release


ECONOMIC EVENTS (All times GMT)
0600 (approx.) Germany Producer Prices mm Jun: Expected 0.2%; Prior -0.4%
0600 (approx.) Germany Producer Prices yy Jun: Expected -1.6%; Prior -2.2%
0800 (approx.) Euro Zone Current Account NSA May: Prior 10.2 bln EUR
0800 Euro Zone Current Account SA May: Prior 14.400 bln EUR
0900 Belgium Consumer Confidence Index Jul: Prior -19
1000 (approx.) Portugal Current Account Balance May: Prior -1.579 bln EUR