Liveblog Archief maandag 29 juni 2020

In een open brief zegt Gilead Sciences Chairman & CEO Dan O'Day dat de prijs voor het antiviral remdesivir, wat tot nu toe het enige medicijn is dat werd goedgekeurd door de FDA als nood middel voor gebruik tegen COVID-19, per injectie 390 dollar zal kosten ofwel 2340 dollar voor een kuur van 5 dagen ... Best een pittige prijs maar analisten dachten dat het nog duurder zou worden ...

Het bedrijf voert de productie verder op en verwacht dat zijn investering in de ontwikkeling en productie van remdesivir tegen het einde van het jaar meer dan 1 miljard dollar zal bedragen.

In de derde wereld heeft Gilead deals met generieke fabrikanten om behandeling tegen aanzienlijk lagere kosten mogelijk te maken.

Een update alleen voor de leden, die ik waar nodig opmaak en waar ik uitleg wat ik verwacht van de...

Deze inhoud is alleen beschikbaar voor betalende leden.

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TOP NEWS
• Global coronavirus deaths top half a million
The death toll from COVID-19 surpassed half a million people on Sunday, according to a Reuters tally, a grim milestone for the global pandemic that seems to be resurgent in some countries even as other regions are still grappling with the first wave.
• Shale pioneer Chesapeake Energy files for bankruptcy
Chesapeake Energy filed for Chapter 11 on Sunday, becoming the largest U.S. oil and gas producer to seek bankruptcy protection in recent years as it bowed to heavy debts and the impact of the coronavirus outbreak on energy markets.
• Boeing 737 MAX certification flight tests to begin on Monday -sources
Pilots and test crew members from the U.S. Federal Aviation Administration and Boeing are slated to begin a three-day certification test campaign for the 737 MAX on Monday, people familiar with the matter told Reuters.
• KKR, Apollo among suitors for National Australia Bank's wealth unit -sources
KKR and Apollo Global Management are among potential buyers which have conducted due diligence on National Australia Bank's wealth management unit, three sources familiar with the matter told Reuters.
• BP sells petchems arm for $5 billion in energy transition revamp
BP has agreed to sell its global petrochemicals business to billionaire Jim Ratcliffe's Ineos for $5 billion, pulling out of a sector widely seen as a key driver of oil demand growth in the coming decades.​


BEFORE THE BELL
Wall Street futures were little changed as the relentless spread of the coronavirus curbed optimism on the global economy. European shares struggled for direction and Japan’s Nikkei sank. Gold prices rose on safe-haven bets, while the dollar fell against rival currencies. Oil prices rose. U.S. pending home sales data is due later in the day.​


STOCKS TO WATCH
Deals Of The Day
• BP Plc (BP). The company has agreed to sell its global petrochemicals business to billionaire Jim Ratcliffe's Ineos for $5 billion, pulling out of a sector widely seen as a key driver of oil demand growth in the coming decades. The surprise move means BP has hit its $15 billion asset sales target a year ahead of schedule as CEO Bernard Looney prepares the company for a shift to low-carbon energy. Looney acknowledged that the sale of the business, which employs 1,700 people and produced 9.7 million tonnes of petrochemicals last year, "will come as a surprise".​

In Other News
• Amazon.com Inc (AMZN). The Indian unit of the company has eliminated all single-use plastic in its packaging across fulfillment centers in the country, in line with its target to weed out the packaging material by June, the e-commerce giant said. Separately, Workers at six Amazon sites in Germany will go on strike in protest over safety after some staff at logistics centres tested positive for coronavirus, labour union Verdi said.
• American Airlines Group Inc (AAL). The company expects to have between 10% and 20% more workers than needed in July 2021, Chief Executive Doug Parker told employees at a town hall this week, and said that avoiding furloughs will be difficult. "It's going to be even harder than I thought," Parker said at an employee town hall on Wednesday, adding that "revenue is not coming back as fast as we'd like." "It really makes zero sense to go furlough a pilot in October if you're going to need that pilot again in July," Parker said, noting the costly training needed to bring a pilot back from a furlough.
• Andersons Inc (ANDE). CME Group, parent of the Chicago Board of Trade (CBOT), has ordered Andersons, an Ohio-based grain business, to pay a $2 million fine for violating futures trading rules in late 2017, the exchange said in a statement on Friday. The Andersons confirmed the settlement in a statement to Reuters and said it cooperated with the CME's investigation. "We do not believe we engaged in any wrongdoing," it said in the statement.
• Boeing Co (BA). Pilots and test crew members from the U.S. Federal Aviation Administration and Boeing are slated to begin a three-day certification test campaign for the 737 MAX, people familiar with the matter told Reuters. The FAA confirmed to U.S. lawmakers on Sunday that an agency board had completed a review of Boeing's safety system assessment for the 737 MAX "clearing the way for flight certification testing to begin. Flights with FAA test pilots could begin as early as Monday, evaluating Boeing’s proposed changes to the automated flight control system on the 737 MAX." After a preflight briefing over several hours, the crew will board a 737 MAX 7 outfitted with test equipment at Boeing Field near Seattle, one of the people said.
• Chesapeake Energy Corp (CHK). The company filed for Chapter 11 on Sunday, becoming the largest U.S. oil and gas producer to seek bankruptcy protection in recent years as it bowed to heavy debts and the impact of the coronavirus outbreak on energy markets. The filing marks an end of an era for the Oklahoma City-based shale pioneer, and comes after months of negotiations with creditors. "Despite having removed over $20 billion of leverage and financial commitments, we believe this restructuring is necessary for the long-term success and value creation of the business," Lawler said in a statement announcing the filing.​
• Coty Inc (COTY). The company has agreed to buy a 20% stake in reality TV star Kim Kardashian West's makeup brand KKW for $200 mln, the Financial Times reported, citing people familiar with the matter. The deal values West's cosmetics company at $1 billion, slightly lower than the $1.2 billion valuation Coty put on West's half sister Kylie Jenner's business, the report said.
• Delta Air Lines (DAL). The company said late on Friday it will soon send warning notices to about 2,500 pilots regarding possible furloughs at the airline, as the industry takes a huge blow after the coronavirus pandemic slashed air travel demand. "In an effort to best prepare our pilots should furloughs be needed, Delta will send required notices to approximately 2,500 pilots," a Delta spokesperson said, adding that the so-called 'WARN' notices will be sent next week. Delta also reached a tentative agreement with the Air Line Pilots Association (ALPA) labor union on a pilot-specific voluntary early retirement option.
• KKR & Co Inc (KKR) & Apollo Global Management Inc (APO). The two companies are among potential buyers which have conducted due diligence on National Australia Bank's wealth management unit, three sources familiar with the matter told Reuters. The sale of the unit, called MLC, could fetch more than $688 million, said two of the sources, who declined to be identified as the negotiations are private. Suitors are expected to submit bids for MLC by Tuesday, one of the sources said. A second source said the timeline for the sale was fluid.
• Pfizer Inc (PFE). The company filed a lawsuit on Friday seeking to require the federal government to let it help Medicare beneficiaries afford two drugs to treat a rare and sometimes fatal heart condition, and which cost $225,000 a year. The drugmaker said the U.S. Department of Health and Human Services' Office of Inspector General is blocking it from offering financial aid to patients unable to afford copayments for its Vyndaqel and Vyndamax drugs, because it views such aid as an illegal kickback.
• Starbucks Corp (SBUX). The company will pause advertising on all social media platforms as it explores the best ways to help stop the spread of hate speech, the company said in a statement on Sunday. The company will "have discussions internally and with media partners and civil rights organizations to stop the spread of hate speech," the statement said. A CNBC report on Sunday added that this social media pause by Starbucks will not include YouTube.
• Under Armour (UAA). The athletic apparel maker said on Saturday it will discontinue its partnership with UCLA - a 15-year, $280 million accord announced in 2016 that was billed as the largest apparel deal in the history of American collegiate sports. The University of California, Los Angeles promised to fight the move. The company said that it made the decision to terminate the agreement with UCLA because "we have been paying for marketing benefits that we have not received for an extended time period." The agreement with UCLA allowed the company to terminate the deal in such an event and it is exercising its right, Under Armour added.
• Walmart Inc (WMT). A shooting at a Walmart distribution center in Red Bluff, California, killed at least two people and injured four others late on Saturday, officials said. Tehama County's assistant sheriff said the attacker circled the center's parking lot four times before crashing his vehicle into the building and opening fire with a semi-automatic rifle. The shooter killed an employee before police officers shot and killed the attacker.
• Walt Disney Co (DIS). Workers at California's Disneyland Resort protested from their cars on Saturday, arguing that the company has not agreed to adequate protections for employees when the destination reopens to the public amid a pandemic. The company had planned to welcome guests back to Disneyland and neighboring California Adventure starting July 17 but delayed the restart date indefinitely. On Saturday, about 200 cars formed a caravan outside the resort in the protest staged by the Coalition of Resort Labor Unions, a group of 11 unions that represent 17,000 Disneyland workers. The unions have called on the company to commit to providing onsite testing for COVID-19.​


ANALYSIS
A cash cliff spells trouble for U.S. unemployed, and everyone else
Judith Ramirez is bracing for July. That's when the hotel housekeeper and her electrician husband - who have both been out of work for three months - expect their combined unemployment benefits to drop by more than half, and their deferred $1,500 monthly mortgage payment on their Honolulu home to come due. It's a cash cliff millions of Americans face this summer as the emergency benefits -- which lifted U.S. consumer incomes by a record 10.8% in April -- expire.


ANALYSTS' RECOMMENDATION
• BCB Bancorp Inc (BCBP). Piper Sandler cuts target price to $9.50 from $11, noting the risk of a downturn in economic performance or real estate markets in the company’s core operating footprint.
• Bristol-Myers Squibb Co (BMY). Cowen and Company cuts target price to $66 from $72, reflecting lower 2022-25 earnings per share estimates.
• Zogenix Inc (ZGNX). Mizuho cuts target price to $55 from $64, reflecting the lower-than-expected average list price of Fintepla.
• Zoominfo Technologies Inc (ZI). RBC initiates coverage with sector perform and target price of $50, believing the company offers the leading go-to-market intelligence database, as well as valuable surrounding data.


ECONOMIC EVENTS (All timings in U.S. Eastern Time)
1000 Pending home sales index for May: Prior 69.0
1000 Pending home sales change mm for May: Expected 19.7%; Prior -21.8%​
1030 (approx.) Dallas Fed Manufacturing Business Index for Jun: Prior -49.20


COMPANIES REPORTING RESULTS
Micron Technology Inc (MU). Expected Q3 earnings of 77 cents per share


CORPORATE EVENTS (All timings in U.S. Eastern Time)
0900 TransDigm Group Inc (TDG). Annual Shareholders Meeting
1000 Constellium SE (CSTM). Annual Shareholders Meeting
1100 Dell Technologies Inc (DELL). Annual Shareholders Meeting
1100 eBay Inc (EBAY). Annual Shareholders Meeting
1200 Eldorado Resorts Inc (ERI). Annual Shareholders Meeting
1630 Micron Technology Inc (MU). Q3 earnings conference call


EX-DIVIDENDS
Agilent Technologies Inc (A). Amount $0.18
AGNC Investment Corp (AGNC). Amount $0.12
Alexandria Real Estate Equities Inc (ARE). Amount $1.06
Amdocs Ltd (DOX). Amount $0.32
Ameris Bancorp (ABCB). Amount $0.15
Annaly Capital Management Inc (NLY). Amount $0.22
AvalonBay Communities Inc (AVB). Amount $1.59
B&G Foods Inc (BGS). Amount $0.47
BancFirst Corp (BANF). Amount $0.32
CoreSite Realty Corp (COR). Amount $1.22
Deere & Co (DE). Amount $0.76
Douglas Emmett Inc (DEI). Amount $0.28
Eastgroup Properties Inc (EGP). Amount $0.75
Fifth Third Bancorp (FITB). Amount $0.27
FMC Corp (FMC). Amount $0.44
Humana Inc (HUM). Amount $0.62
Illinois Tool Works Inc (ITW). Amount $1.07
Innovative Industrial Properties Inc (IIPR). Amount $1.06
Kennedy-Wilson Holdings Inc (KW). Amount $0.22
Kilroy Realty Corp (KRC). Amount $0.48
Lennox International Inc (LII). Amount $0.77
Mondelez International Inc (MDLZ). Amount $0.28
Monolithic Power Systems Inc (MPWR). Amount $0.50
National Fuel Gas Co (NFG). Amount $0.44
National Health Investors Inc (NHI). Amount $1.10
Nucor Corp (NUE). Amount $0.40
Owl Rock Capital Corp (ORCC). Amount $0.31
Paramount Group Inc (PGRE). Amount $0.10
Pioneer Natural Resources Co (PXD). Amount $0.55
Prospect Capital Corp (PSEC). Amount $0.06
Rexford Industrial Realty Inc (REXR). Amount $0.21
Safehold Inc (SAFE). Amount $0.16
Spirit Realty Capital Inc (SRC). Amount $0.62
STAG Industrial Inc (STAG). Amount $0.12
Steel Dynamics Inc (STLD). Amount $0.25
STORE Capital Corp (STOR). Amount $0.35
Stryker Corp (SYK). Amount $0.57
Sun Communities Inc (SUI). Amount $0.79
Terreno Realty Corp (TRNO). Amount $0.27
Thor Industries Inc (THO). Amount $0.40
Towne Bank (TOWN). Amount $0.18
Two Harbors Investment Corp (TWO). Amount $0.14
VEREIT Inc (VER). Amount $0.07
VICI Properties Inc (VICI). Amount $0.29
WP Carey Inc (WPC). Amount $1.04
Xerox Holdings Corp (XRX). Amount $0.25

Goedemorgen
We zijn er weer aan begonnen, een nieuwe week met nieuwe kansen zou ik zeggen maar welke kant zal de markt gaan kiezen deze week? Eind vorige week dan toch opnieuw lager, vooral Wall Street kreeg er van langs vrijdag met nu ook een stevige terugval tot diep onder de 10.000 punten wat betreft de Nasdaq, vanmorgen zien we via de Nasdaq future de 9800 al op de borden komen. Vorige week dinsdag stond de 10.220 nog even op de borden, de vraag is nu of er weer een Buy The Dip moment komt zoals altijd de afgelopen weken? Je zou denken dat het een keer voorbij is maar in deze markt weet je nooit, dat hebben we vaak genoeg onverwacht zien gebeuren. Er spelen nog genoeg zaken op de achtergrond die dat niet toelaten maar aan de andere kant zit je nu gewoon met een meute die alles opkoopt door de hoop dat er niks kan gebeuren met de FED die telkens waar nodig hulp brengt.

Waar ik vooral naar kijk zijn de waarderingen die te hoog liggen met de huidige economische vooruitzichten en de kans dat er zich een depressie zal voordoen als de situatie in de VS niet beter wordt. We weten dat veel staten dicht blijven en dat er al staten zijn die weer open gingen weer de lock-down in moeten. En dan is er nog een hele grote kans dat Trump het niet zal halen, het begint erop te lijken dat hij het voor gezien houdt en er weinig aan doet om terug te vechten.

De peilingen geven in ieder geval aan dat Trump nu rond de 40% uitkomt, Biden staat al ruim boven de 50%, een voorsprong van gemiddeld 10-12% voor Biden is behoorlijk veel en het is algemeen bekend dat wanneer een uitdager boven de 50% uitkomt het moeilijk wordt om te verliezen zeggen opiniepeilers in de VS. Maar we leven in het jaar 2020 waar werkelijk alles mogelijk is dus laten we nog niet te ver op de zaken vooruitlopen.

Wall Street merkt dat ook, wat zal er gebeuren zonder Trump die de markten constant de hoogte in weet te praten? Trump is een Wall Street man, Biden veel minder is algemeen bekend. Maar het volk spreekt en dat is Main Street en die lijken de touwtjes dus in handen te krijgen. Een reden om er vanuit te gaan dat Wall Street hierdoor in verwarring komt en dat we druk op de koersen zien momenteel, het is niet alleen afgelopen vrijdag, het was ook al zo woensdag en de week ervoor bleef ook alles volatiel. Nogmaals, het is en blijft een momentopname maar er is behoorlijk wat werk aan de winkel voor Trump om te winnen in november. Wat hij nu doet is Biden verwijten, hem uitmaken voor leugenaar (hmmm) en dus golven in Florida ...

De indices staan dus lager vanmorgen via de futures, ook Azië zien we vanmorgen lager met verliezen tussen de 1 en 2%, de AEX lijkt zo'n 4 tot 5 punten lager te openen terwijl de DAX rond de 80 tot 100 punten lager wil tot onder de 12.000 punten. Wat betreft de AEX letten we op de 545-548 punten, de Dow moet boven de 25.000 punten zien te blijven terwijl de Nasdaq de grip op de 10.000 punten niet mag opgeven. De indicaties geven aan dat we op die kritische punten staan nu. We gaan het zien in de loop van de dag, waar ik kansen zie zal ik wat ondernemen voor de leden.

Meedoen met de signalen, de suggesties die ik verstuur kan nu tot 1 september voor €39 ... We zitten nu zonder posities, morgen of begin volgende week neem ik wel weer wat op waar het kan ... Schrijf u in via de link https://www.usmarkets.nl/tradershop

Grafieken van afgelopen vrijdag:

Tot straks ... Guy

GLOBAL TOP NEWS
The death toll from COVID-19 reached half a million people on Sunday, according to a Reuters tally, a grim milestone for the global pandemic that seems to be resurgent in some countries even as other regions are still grappling with the first wave.

France President Emmanuel Macron's centrist party received a drubbing on Sunday in municipal elections, as the Greens celebrated victories in several big cities after a surge in support.

Pilots and test crew members from the U.S. Federal Aviation Administration and Boeing are slated to begin a three-day certification test campaign for the 737 MAX on Monday, people familiar with the matter told Reuters.​


EUROPEAN COMPANY NEWS
British Airways, which has said it needs to cut 12,000 jobs and proposed pay cuts for cabin crew, has reached a deal with its pilots that will see 350 laid off and another 300 put in a 'pool' for rehiring when needed, The Sun on Sunday reported.

A Filipino lawyer embroiled in a multi-billion dollar fraud at Wirecard, Mark Tolentino, told Reuters that he was surprised to be linked to the German payments firm and that he was the "victim of a frame-up".

A bidding war for Australian wind and solar firm Infigen Energy heated up, with Spain's Iberdrola raising its bid to A$856 million, shortly after Philippine conglomerate Ayala hiked its offer.


TODAY'S COMPANY ANNOUNCEMENTS
aifinyo AG Annual Shareholders Meeting
Anglo-Eastern Plantations PLC Annual Shareholders Meeting
Arjo AB (publ) Annual Shareholders Meeting
Baron Oil PLC Annual Shareholders Meeting
Blackrock Latin American Investment Trust PLC Annual Shareholders Meeting
Bluelinea SA Annual Shareholders Meeting
Bonhill Group PLC Annual Shareholders Meeting
Braime Group PLC Annual Shareholders Meeting
Carmila SA Annual Shareholders Meeting
Cellectis SA Annual Shareholders Meeting
Centamin PLC Annual Shareholders Meeting
Chesterfield Resources PLC Annual Shareholders Meeting
Cibox Inter@ctive SA Annual Shareholders Meeting
Clariant AG Annual Shareholders Meeting
Clean Motion AB Annual Shareholders Meeting
Corbion NV Annual Shareholders Meeting
Dalet SA Annual Shareholders Meeting
Diaceutics PLC Shareholders Meeting
Enagas SA Annual Shareholders Meeting
Envipco Holding NV Annual Shareholders Meeting
Faes Farma SA Annual Shareholders Meeting
Gunnebo AB Annual Shareholders Meeting
Harworth Group PLC Annual Shareholders Meeting
Hawkwing PLC Annual Shareholders Meeting
HomeChoice International PLC Annual Shareholders Meeting
John Wood Group PLC Annual Shareholders Meeting
Klassik Radio AG Annual Shareholders Meeting
Latvian Forest Company AB Annual Shareholders Meeting
Lime Technologies AB (publ) Annual Shareholders Meeting
LivaNova PLC Annual Shareholders Meeting
Lookers PLC Annual Shareholders Meeting
Lucibel SA Annual Shareholders Meeting
Mare Nostrum SA Annual Shareholders Meeting
Mereo BioPharma Group plc Annual Shareholders Meeting
Pharmagest Interactive SA Annual Shareholders Meeting
Photon Energy NV Annual Shareholders Meeting
Predator Oil & Gas Holdings PLC Annual Shareholders Meeting
Prosus NV Q4 2019 Earnings Release
Savannah Energy PLC Annual Shareholders Meeting
SensoDetect AB Annual Shareholders Meeting
Ses Imagotag SA Annual Shareholders Meeting
Sirio SpA Annual Shareholders Meeting
Skandinaviska Enskilda Banken AB Annual Shareholders Meeting
Spinnaker Opportunities PLC Annual Shareholders Meeting
Txcom SA Annual Shareholders Meeting
UniDevice AG Annual Shareholders Meeting
United Oil & Gas PLC Annual Shareholders Meeting
Victoria Oil & Gas PLC Annual Shareholders Meeting
Voluntis SA Annual Shareholders Meeting
Volvere PLC Annual Shareholders Meeting
WANdisco PLC Shareholders Meeting
Welney PLC Shareholders Meeting
Witan Pacific Investment Trust PLC Annual Shareholders Meeting
Your Family Entertainment AG Annual Shareholders Meeting


ECONOMIC EVENTS (All times GMT)0700 Spain HICP Flash yy for June: Expected -0.5%; Prior -0.9%0700 (approx.) Spain CPI yy Flash NSA for June: Expected -0.4%; Prior -0.9%0700 (approx.) Spain HICP Flash mm for June: Expected 0.3%; Prior 0.1%0700 (approx.) Spain CPI mm Flash NSA for June: Expected 0.20%; Prior 0.00%0700 (approx.) Spain CPI Flash NSA for June: Prior 103.9860730 Sweden Trade Balance for May: Prior 7.6 bln SEK0730 Sweden Exports for May: Prior 106.7 bln SEK0730 Sweden Imports for May: Prior 99.1 bln SEK0830 (approx.) United Kingdom BOE Consumer Credit for May: Expected -2.5 bln GBP; Prior -7.40 bln GBP0830 (approx.) United Kingdom Mortgage Lending for May: Expected -1.0 bln GBP: Prior 0.29 bln GBP0830 (approx.) United Kingdom Mortgage Approvals for May: Expected 25,000; Prior 15,8480830 (approx.) United Kingdom M4 Money Supply for May: Prior 1.5%0830 (approx.) United Kingdom Broad Money for May: Prior 2,659.73 bln GBP0830 (approx.) Portugal Business Confidence for June: Prior -3.200830 (approx.) Portugal Consumer Confidence for June: Prior -29.100900 (approx.) Euro Zone Business Climate for June: Prior -2.430900 Euro Zone Economic Sentiment for June: Expected 80.0; Prior 67.50900 Euro Zone Industrial Sentiment for June: Expected -20.0; Prior -27.50900 Euro Zone Services Sentiment for June: Expected -25.4; Prior -43.60900 Euro Zone Consumer Confidence Final for June: Expected -14.7; Prior -14.70900 Euro Zone Consumer Inflation Expectation for June: Prior 28.60900 Euro Zone Selling Price Expectation for June: Prior -8.60930 (approx.) Belgium CPI mm for June: Prior 0.07%0930 (approx.) Belgium CPI yy June: Prior 0.48%1200 (approx.) Germany CPI Prelim mm for June: Expected 0.3%; Prior -0.1%1200 (approx.) Germany CPI Prelim yy for June: Expected 0.6%; Prior 0.6%1200 (approx.) Germany HICP Prelim mm for June: Expected 0.4%; Prior 0.0%1200 (approx.) Germany HICP Prelim yy for June: Expected 0.6%; Prior 0.5%