Liveblog Archief vrijdag 17 juli 2020

TOP NEWS
• U.S. Congress set for battle over next coronavirus aid bill
The U.S. Congress returns to Washington on Monday with Democratic and Republican leaders agreeing that they need to pass something to salve the heavy toll of the coronavirus pandemic but $2 trillion apart on what that something should be.
• BlackRock profit jumps 21% on fixed-income boost
BlackRock, the world's largest asset manager, reported a 21% jump in quarterly profit as investors poured money into its fixed-income funds and cash management services.
• "The stakes couldn't be higher": EU recovery plan summit under way
European Union leaders met for tense summit talks on a multi-billion-euro plan to breathe life into their economies, their first face-to-face meeting since the coronavirus pandemic plunged the bloc into its latest crisis.
• Twitter says about 130 accounts were targeted in cyber attack this week
Twitter disclosed late on Thursday that hackers targeted about 130 accounts during the cyber attack this week, an incident in which profiles of many prominent personalities and organizations were compromised.
• Daimler to stop building sedans in the U.S. after Q2 loss
Daimler will stop building Mercedes-Benz sedans in the United States and Mexico as it seeks deeper cuts after posting a smaller-than-expected quarterly loss.​


BEFORE THE BELL
U.S. stock index futures rose as investors pinned hopes on more official stimulus by government as coronavirus cases continued to surge. European shares were little changed, with stocks trading in a narrow range as focus turned to Brussels where European Union leaders met to try to hammer through a 750-billion-euro post-pandemic recovery fund. Japan's Nikkei slid on concerns about rising virus infections. The dollar fell, while gold prices gained to hold steady above the $1,800 level. Oil slipped amid growing uncertainty about the global recovery in fuel demand as coronavirus cases surged in several countries, while major producers were set to ease output curbs. U.S. housing starts and building permits numbers for June are scheduled for release along with the University of Michigan's consumer sentiment index report.


STOCKS TO WATCH
Results
• Autoliv Inc (ALV). The Swedish airbag producer, said it was seeing signs of recovery after running a deeper-than-expected quarterly loss as lockdowns due to the pandemic slammed car production and demand. The group still reported a second-quarter operating loss of $234 million compared with a $170 million profit in the year-ago quarter, well below of a mean forecast for a $133 million loss based on a poll of analysts published by the company. The company said its adjusted operating loss was $171 million in the quarter.
• BlackRock Inc (BLK). The world's largest asset manager reported a 21% jump in quarterly profit as investors poured money into its fixed-income funds and cash management services. The company's fixed-income funds took in $60.27 billion in new money. Its cash-management business attracted over $24.2 billion in net inflows in the second quarter. It ended the quarter with $7.32 trillion in assets under management, up from $6.84 trillion a year earlier. The New York-based company's net income rose to $1.21 billion, or $7.85 per share, in the three months ended June 30, from $1.00 billion, or $6.41 per share, a year earlier.
• Netflix Inc (NFLX). The company on Thursday elevated its content chief Ted Sarandos to co-CEO, making the 20-year veteran of the pioneering streaming video service a clear successor to co-founder Reed Hastings. For July through September, Netflix forecast it would add 2.5 million new paid streaming customers around the world. Analysts on averaged expected a projection of 5.3 million. For the June quarter, the company reported diluted earnings per share of $1.59, below analyst forecasts of $1.81. Revenue climbed 25% to $6.1 billion.

In Other News
• Boeing Co (BA). British Airways, the world's largest operator of Boeing 747s, will retire its entire jumbo jet fleet with immediate effect after the novel coronavirus pandemic sent air travel into freefall. BA had been planning to retire the aircraft in 2024 but with passenger numbers decimated this year and forecasts that it will be years before they recover, the airline said it was unlikely its 747s would ever operate commercially for it again. "It is with great sadness that we can confirm we are proposing to retire our entire 747 fleet with immediate effect," BA said in a statement on Thursday. BA has said it needs to cut up to 12,000 jobs, or about 28% of its workforce, to prepare for the smaller travel market expected over the coming years.
• Lyft Inc (LYFT). The ride-hailing company said it would distribute some 60,000 vehicle partition shields to its most-active drivers as a protection against the coronavirus and begin selling the custom-made protective barriers to other drivers later this summer. "It was critical to us that the design met the needs of rideshare drivers specifically, accommodated a wide range of vehicle models, could be self-installed and easily removed, and could be produced at a price point far lower than what is currently available in the market," the spokeswoman said in a statement. Lyft will sell the partitions for about $50 at production cost and without a markup, the company said. Vehicle partition shields are available online from various manufacturers, with prices ranging from $50 to more than $100.
• Microsoft Corp (MSFT). The software giant said on Thursday it had trimmed its workforce across geographies and teams as it entered a new fiscal year from July 1. The company declined to elaborate on the roles which had been eliminated, their numbers or their locations. The company cut roles at its online news portal MSN.com, as it shifted to an AI-powered algorithmic feed, according to a Business Insider report earlier this week, which added that jobs were also cut in the Microsoft Azure cloud division. A spokesman said it is common for the company to re-evaluate its business as it enters a new fiscal year.
• PG&E Corp (PCG). The Kincade wildfire in California's wine country last October that forced some 2,000 people to flee homes was caused by PG&E's electrical transmission lines, the state's Department of Forestry and Fire Protection (Cal Fire) said on Thursday. Responding to the finding, Pacific Gas and Electric Co said it did not have access to the investigative report or the evidence Cal Fire has collected at this time. "We look forward to reviewing both at the appropriate time," the company added. Tinder dry vegetation and strong winds, combined with low humidity and warm temperatures, contributed to extreme rates of fire spread, which burned a total of 77,758 acres and destroyed more than 370 structures, Cal Fire said in a statement.
• Twitter Inc (TWTR). The company disclosed late on Thursday that hackers targeted about 130 accounts during the cyber attack this week, an incident in which profiles of many prominent personalities and organizations were compromised. Twitter said that the hackers were able to gain control to a "small subset" of the targeted accounts, and send tweets from them. The company added that it was continuing to assess whether the attackers were able to access private data of the targeted accounts. "We're still in the process of assessing longer-term steps that we may take and will share more details as soon as we can," Twitter added in its statement.
• United Airlines Holdings Inc (UAL). The airlines and its pilots' union said on Thursday they had reached an agreement on two different packages aimed at reducing involuntary furloughs in the fall and keeping pilots at the ready once coronavirus-hit demand starts to pick up. United's agreement with the Air Line Pilots Association International (ALPA) includes an early retirement deal for pilots 62 and older, as well as a slew of different options for pilots to voluntarily reduce their hours or take a leave of absence during which they would potentially receive health benefits as long as they keep up their training, covered by United.


INSIGHT
On eve of bankruptcy, U.S. firms shower execs with bonuses
Nearly a third of more than 40 large companies seeking U.S. bankruptcy protection during the coronavirus pandemic awarded bonuses to executives within a month of filing their cases, according to a Reuters analysis of securities filings and court records. Under a 2005 bankruptcy law, companies are banned, with few exceptions, from paying executives retention bonuses while in bankruptcy. But the firms seized on a loophole by granting payouts before filing.​


ANALYSTS' RECOMMENDATION
• J B Hunt Transport Services Inc (JBHT). Credit Suisse raises target price to $138 from $122, citing second-quarter revenue coming in 5% above forecasts and EBIT a notable 29% above expectations.
• Johnson & Johnson (JNJ). Credit Suisse raises target price to $163 from $161, viewing the company as attractively valued and well-positioned to weather the pandemic environment, supported by a robust high-value pharma franchise, and improving performance in med devices and consumer.
• Lockheed Martin Corp (LMT). RBC cuts target price to $404 from $410, as they are lowering estimates ahead of second-quarter earnings to account for COVID-19 production headwinds on the F-35 program.
• Morgan Stanley (MS). KBW raises target price to $58 from $53, after the bank posted strong second-quarter results with all business segments producing better top line results than expected.
• Netflix Inc (NFLX). JPMorgan raises target price to $625 from $535, believing Netflix is a key beneficiary and driver of the ongoing disruption of linear TV, with the company’s content performing well globally and driving a virtuous circle of strong subscriber growth, more revenue and growing profit.


ECONOMIC EVENTS (All timings in U.S. Eastern Time)
0830 Building permits number for Jun: Expected 1.290 mln; Prior 1.216 mln
0830 Building permits mm change for Jun: Prior 14.1%
0830 Housing starts number for Jun: Expected 1.169 mln; Prior 0.974 mln
0830 Housing starts mm change for Jun: Prior 4.3%
1000 U Mich Sentiment Preliminary for Jul: Expected 79; Prior 78.1
1000 U Mich Conditions Preliminary for Jul: Expected 86.5; Prior 87.1
1000 U Mich Expectations Preliminary for Jul: Expected 73.5; Prior 72.3
1000 U Mich 1-year inflation preliminary for Jul: Prior 3%
1000 U Mich 5-year inflation preliminary for Jul: Prior 2.5%


COMPANIES REPORTING RESULTS
Kansas City Southern (KSU). Expected Q2 earnings of $1.12 per share
State Street Corp (STT). Expected Q2 earnings of $1.61 per share


CORPORATE EVENTS (All timings in U.S. Eastern Time)
0800 PPG Industries Inc (PPG). Q2 earnings conference call
0830 E*TRADE Financial Corp (ETFC). Shareholders Meeting
0830 BlackRock Inc (BLK). Q2 earnings conference call
0845 Kansas City Southern (KSU). Q2 earnings conference call
0900 Ally Financial Inc (ALLY). Q2 earnings conference call
0900 Citizens Financial Group Inc (CFG). Q2 earnings conference call
0930 First Horizon National Corp (FHN). Q2 earnings conference call
1000 State Street Corp (STT). Q2 earnings conference call
1100 Regions Financial Corp (RF). Q2 earnings conference call
1600 Snap Inc (SNAP). Annual Shareholders Meeting


EX-DIVIDENDS
Caterpillar Inc (CAT). Amount $1.03
Colgate-Palmolive Co (CL). Amount $0.44
ConocoPhillips (COP). Amount $0.42
Graco Inc (GGG). Amount $0.17

Goedemorgen
We zien momenteel behoorlijke sector rotaties op Wall Street en eerder zorgde dit voor een grotere correctie over de gehele markt. Zie het als een soort twijfel bij beleggers, ze weten niet meer wat ze moeten doen. Opvallend blijft dat de Tech aandelen het moeilijker krijgen, neem nu de top van maandag en waar we nu staan met de Nasdaq 100, het scheelt bijna 500 punten. De cijfers van Netflix, een hoogvlieger van de afgelopen weken lieten al zien dat de lat veel te hoog lag, het bedrijf kon niet aan de verwachtingen voldoen en als de waardering dan zo hoog is merkt je dat het aandeel fors verliest na de cijfers (nabeurs verloor Netflix meer dan 10%).

Gisteren zien we de gehele dag al druk op de koersen al viel het slot nog mee achteraf bekeken, de Dow liet 135 punten liggen, de Nasdaq verloor 77 punten. Wat betreft Europa zien we een kleine daling, de koersen stonden overdag wel veel lager maar richting het slot viel alles op zich weer mee. De AEX verloor 3,6 punten terwijl de DAX 56 punten liet liggen.

Vanmorgen zien we de futures wat hoger, let er wel op dat de Nasdaq future een deel van het verlies nabeurs goedmaakt en nu in feite rond de slotstand van 22:00 uitkomt. Vandaag de markt maar eens volgen, het is en blijft moeilijk om de Timing goed te pakken maar zoals altijd probeer ik er het beste van te maken. We zitten nog altijd met die zogenaamde Robin Hood nieuwelingen die de markt deels bepalen, verder zitten we ook nog met steeds die nieuwsberichten die tussendoor voorbij komen over dingen die puur op hoop drijven. We gaan het zien, normaal gezien staan alle beurzen momenteel te hoog en zijn ze veel te duur als we naar de winst ontwikkelingen kijken vergeleken met vorig jaar. En het is nog maar de vraag of het volgend jaar beter zal gaan?

Meedoen met de signalen ofwel suggesties? Dat kan vanaf vandaag tot 1 OKTOBER voor €39 ... Om u in te schrijven kunt u naar onze Tradershop gaan om een keuze te maken ... Ga naar https://www.usmarkets.nl/tradershop

Tot later ... Guy

GLOBAL TOP NEWS
The Trump administration is considering banning travel to the United States by all members of the Chinese Communist Party and their families, a person familiar with the matter said on Thursday, a move that would worsen already tense U.S.-China relations.

Colorado and Arkansas on Thursday joined a growing list of U.S. states requiring face coverings in public to combat a surge in coronavirus infections, after Georgia's governor moved the other way and barred such measures from being imposed at the local level.

Hackers backed by the Russian state are trying to steal COVID-19 vaccine and treatment research from academic and pharmaceutical institutions around the world, Britain's National Cyber Security Centre (NCSC) said on Thursday.

EUROPEAN COMPANY NEWS
British Airways, the world's largest operator of Boeing 747, said late Thursday it would retire its entire jumbo jet fleet with immediate effect due to the downturn in travel industry caused by the coronavirus pandemic.

The former head of a key subsidiary of Wirecard, who was arrested earlier this month, has admitted wrongdoing to prosecutors for his role in a multi-billion-euros fraud, his lawyer said on Thursday.

Italy's Intesa Sanpaolo on Thursday secured antitrust approval for its $4 billion takeover bid for rival UBI Banca, overcoming a major hurdle to one of Europe's biggest banking mergers in a decade.


TODAY'S COMPANY ANNOUNCEMENTS
7C Solarparken AG Annual Shareholders Meeting
AAK AB (publ) Q2 2020 Earnings Call
AddLife AB HY 2020 Earnings Call
AFC Energy PLC Shareholders Meeting
Aker ASA Q2 2020 Earnings Call
Arjo AB (publ) Q2 2020 Earnings Call
Assa Abloy AB Q2 2020 Earnings Call
Autoliv Inc Q2 2020 Earnings Call
BillerudKorsnas AB (publ) Q2 2020 Earnings Call
Bonesupport Holding AB HY 2020 Earnings Call
Bravida Holding AB Q2 2020 Earnings Call
Buergerliches Brauhaus Ravensburg Lindau AG Annual Shareholders Meeting
Cargotec Corp Q2 2020 Earnings Call
Coor Service Management Holding AB Q2 2020 Earnings Call
Danske Bank A/S Q2 2020 Earnings Call
DCC PLC Annual Shareholders Meeting
Eastnine AB (publ) Q2 2020 Earnings Call
Edgeware AB (publ) Q2 2020 Earnings Call
Electrolux AB Q2 2020 Earnings Call
EnBW Energie Baden Wuerttemberg AG Annual Shareholders Meeting
EQS Group AG Annual Shareholders Meeting
Evolution Gaming Group AB (publ) HY 2020 Earnings Call
Gunnebo AB Q2 2020 Earnings Call
Handicare Group AB HY 2020 Earnings Call
Hexpol AB Q2 2020 Earnings Call
HomeServe PLC Annual Shareholders Meeting
Indutrade AB Q2 2020 Earnings Call
Investor AB HY 2020 Earnings Call
K3 Capital Group PLC Shareholders Meeting
Kemira Oyj Q2 2020 Earnings Call
Kone Oyj Q2 2020 Earnings Call
Lifco AB (publ) Q2 2020 Earnings Call
Lime Technologies AB (publ) HY 2020 Earnings Call
Lindab International AB Q2 2020 Earnings Call
Munters Group AB HY 2020 Earnings Call
NCC AB Q2 2020 Earnings Call
Nederman Holding AB Q2 2020 Earnings Call
NetEnt AB (publ) Q2 2020 Earnings Call
Nolato AB Q2 2020 Earnings Call
Nordea Bank Abp Q2 2020 Earnings Call
Oriola Oyj Q2 2020 Earnings Release
Orion Oyj Q2 2020 Earnings Call
Peab AB Q2 2020 Earnings Release
Probi AB Q2 2020 Earnings Call
Ratos AB Q2 2020 Earnings Call
Saab AB Q2 2020 Earnings Call
Scandic Hotels Group AB Q2 2020 Earnings Call
Scatec Solar ASA Q2 2020 Earnings Call
Schibsted ASA Q2 2020 Earnings Call
Sinch AB (publ) Q2 2020 Earnings Call
Swedbank AB Q2 2020 Earnings Call
Swedish Match AB Q2 2020 Earnings Call
Telefonaktiebolaget LM Ericsson Q2 2020 Earnings Call
Telia Company AB Q2 2020 Earnings Call
Tomra Systems ASA Q2 2020 Earnings Release
Topdanmark A/S Q2 2020 Earnings Call
Volvo AB Q2 2020 Earnings Call
Wartsila Oyj Abp Q2 2020 Earnings Call
Yara International Q2 2020 ASA Earnings Release


ECONOMIC EVENTS (All times GMT)
0700 (approx.) Austria HICP mm for Jun: Prior -0.9%
0700 (approx.) Austria HICP yy for Jun: Prior 0.6%
0700 (approx.) Austria CPI yy NSA for Jun: Prior 0.75%
0700 (approx.) Austria CPI mm NSA for Jun: Prior -0.65%
0700 (approx.) Austria CPI NSA for Jun: Prior 107.5
0800 (approx.) Italy Industrial Orders mm SA for May: Prior -32.2%
0800 (approx.) Italy Industrial Orders yy NSA for May: Prior -49.0%
0800 (approx.) Italy Industrial Sales mm SA for May: Prior -29.4%
0800 (approx.) Italy Industrial Sales yy WDA for May: Prior -46.9%