Liveblog Archief vrijdag 17 juni 2022

TOP NEWS
• Once feted for pandemic heroics, world's central banks now face an uneasy crowd
Global central bankers, who shared the limelight for skirting a pandemic-driven depression with quick action two years ago, are now stumbling through the aftermath as they try to quell an inflation surge none predicted or have been able to forestall.

• WTO strikes global trade deals after 'roller coaster' talks
The World Trade Organization agreed the first change to global trading rules in years as well as a deal to boost the supply of COVID-19 vaccines in a series of pledges that were heavy on compromise.

• U.S. banking stress indicator could worsen after Fed hike
An indicator of credit risk in the U.S. banking system may be showing signs of stress, as the Federal Reserve's aggressive rate hike path ratchets up expectations of economic pain.

• Tesla investor sues Musk, board over accusation of workplace discrimination
A Tesla shareholder sued the electric car maker, Chief Executive Elon Musk and its board, accusing them of neglecting to tackle complaints about workplace discrimination and harassment, and engendering a "toxic workplace culture."

• India's Reliance considers buying out Revlon in U.S. - ET Now
Indian conglomerate Reliance Industries is considering buying out Revlon in the United States, days after the cosmetics giant filed for bankruptcy, business channel ET Now reported, citing sources.


BEFORE THE BELL
Wall Street futures and European stocks edged higher but were set for sharp weekly losses as a slew of interest rate hikes from major central banks fuelled worries about a sharp economic slowdown. In Asian equity markets, Japan's Nikkei index posted its biggest weekly drop in more than two years, even as the Bank of Japan maintained its massive stimulus and provided no negative surprises. Meanwhile, Chinese shares ended higher as investors began to see Beijing's dovish monetary policy supportive of battered stocks. Gold prices fell, dented by a stronger dollar. Oil prices rose supported by supply tightness and new sanctions on Iran.


STOCKS TO WATCH

Deals Of The Day
• Targa Resources Corp: The oil and gas infrastructure company on Thursday agreed to buy natural gas processor Lucid Energy Group for $3.55 billion in cash, using the financial benefits of high commodity prices to boost its presence in the Permian Basin. Deal activity in the basin, the heart of the U.S. shale industry, has been buoyant in recent months as owners of assets, often buyout firms with longstanding investments, seek to use the market backdrop to sell to strategic players emboldened by higher commodity prices. Targa has been reshaping its operations in 2022: agreeing in February to sell its stake in Gulf Coast Express Pipeline for $857 million, after saying in January it would buy out partners in certain joint ventures for $925 million.

In Other News• Alphabet Inc: The Russian subsidiary of the company, Google has submitted a declaration of bankruptcy, Interfax reported, citing court filings online. The subsidiary announced plans to file for bankruptcy in May after authorities seized its bank account, making it impossible to pay staff and vendors. Google and its YouTube video hosting service, though under pressure, remain available for now. Moscow in particular objects to YouTube's treatment of Russian media, which it has blocked. But Anton Gorelkin, deputy head of the State Duma committee on information policy, said the U.S. company was not yet at risk of being blocked. • CVS Health Corp, Walmart Inc, Rite Aid Corp & Moderna Inc: The companies plan to provide COVID-19 vaccinations to young children in the United States if they are authorized by authorities, the companies said on Thursday. The U.S. Food and Drug Administration is likely to authorize Moderna Inc's COVID-19 vaccine for children aged six months to under six years old and the Pfizer Inc /BioNTech vaccine for children aged six months to under five years old as soon as this week.A spokesperson for Walmart said the retail giant and its unit Sam's Club plan to begin vaccinating children as young as 3. Still, the company expects the majority of these vaccines to be distributed to pediatric providers once authorized. Rite Aid said it is prepared to provide COVID-19 vaccines to children ages three and over. • DigitalBridge Group Inc: The digital infrastructure investment firm said on Thursday it would sell a 27% stake in its data center platform, DataBank, to affiliates of Swiss Life Asset Management AG and EDF Invest for about $1.2 billion in cash. The data center industry has emerged as a hotbed of consolidation activity over the past two years due to its role in cloud computing infrastructure and a strong growth outlook underpinned by the expanding digital presence of businesses. DigitalBridge said it would own 15.5% of DataBank after the stake sale. DigitalBridge in May agreed to buy data center operator Switch Inc for $11 billion, including debt, marking a major deal in the digital asset sector that has attracted large private equity firms and infrastructure funds. • Lyft Inc: The company has reached a $25 million settlement to resolve shareholder claims that the ride-hailing company concealed safety problems, including sexual assaults by drivers, prior to its 2019 initial public offering. The preliminary all-cash settlement was filed on Thursday with the federal court in Oakland, California, and requires approval by U.S. District Judge Haywood Gilliam Jr. Lyft denied wrongdoing in agreeing to settle. Shareholders accused Lyft of trying to appear more socially responsible than rival Uber Technologies Inc by failing to disclose known problems in its IPO registration statement, and that its share price fell as the problems surfaced. Shareholders said Lyft also concealed its dependence on promotions to boost market share, resulting in a price war that saw Uber reclaim market share it had lost. They expect to seek up to $6.25 million from the settlement for legal fees. • Morgan Stanley: The head of the bank’s China securities business proposed the setting up of an international board in China to allow offshore-listed Chinese companies and foreign firms to list in the domestic market. Jing Qian, CEO of Morgan Stanley Securities (China), also told the official Shanghai Securities News in an interview that China should consider lowering the profitability threshold for initial public offerings (IPOs) by tech companies and start-ups. The proposal comes as a growing number of U.S.-traded Chinese companies conduct secondary listings in Hong Kong as a long-running dispute between China and the United States over audits threatens to kick them off American exchanges. As China further opens up its capital markets, calls are getting louder for it to establish an international board, Qian said in the interview. Although China has allowed domestic listings of so-called red-chip companies - offshore incorporated firms with businesses mainly in China - the bar was too high, Qian said. Rough half of Hong Kong-listed red chips were not eligible for a China listing. The securities venture currently has a team of more than 180 people and has completed eight IPO underwriting deals, according to the company. • Revlon Inc: The Indian conglomerate Reliance Industries is considering buying out Revlon in the United States, days after the cosmetics giant filed for bankruptcy, business channel ET Now reported, citing sources. The report comes as Revlon filed for bankruptcy earlier this week after global supply chain disruptions drove up raw material costs and prompted vendors to demand upfront payments. Reliance has pushed its way into the fashion and personal care space in recent months as it diversifies away from its mainstay oil business. It has already established a foothold in telecom and retail sectors.

• Snap Inc: The parent company of photo messaging app Snapchat, is testing a new subscription service called Snapchat+ that would give subscribers access to exclusive and pre-release features, a Snap spokesperson confirmed on Thursday. The subscription feature, which Snap said is being tested internally, was first revealed on Twitter by a user named Alessandro Paluzzi, a mobile developer and reserve engineer according to his Twitter bio. Snapchat+ would cost 4.59 euros for a one-month subscription or 45.99 euros for one year, according to screenshots Paluzzi posted on Twitter. It would be the first subscription product for Snapchat, which lets users post content stories, play games and scroll through a TikTok-like feature called Spotlight. • Sony Group Corp, Honda Motor Co Ltd & Toyota Motor Corp: Japan's Sony and Honda Motor on Thursday officially agreed to an equally owned joint venture that will start selling electric cars in 2025. Honda, like bigger rival Toyota Motor, has been slower to shift to electric vehicles (EV) than global automakers and is under pressure from investors to make cars that are carbon-free and equipped with newer technology such as self-driving features. To the JV, first announced in March and named Sony Honda Mobility, Honda will bring its expertise in building and selling cars and Sony will add its software and technology chops, the companies said in a statement on Thursday. Each company will invest $37.52 million in the JV. • Taiwan Semiconductor Manufacturing Co Ltd: The company’s executives said on Thursday the world's biggest chipmaker will have the next version of ASML Holding NV's most advanced chipmaking tool in 2024. The tool called "high-NA EUV" produces beams of focused light that create the microscopic circuitry on computer chips used in phones, laptops, cars, and artificial intelligence devices such as smart speakers. EUV stands for extreme ultraviolet, the wavelength of light used by ASML's most advanced machines. As Intel enters the business of making chips that other companies design, it will be competing with TSMC for those customers. On Thursday, TSMC also gave more details on the technology for its 2-nanometer chips, which it said are on track for volume production in 2025. • Tesla Inc: The company’s shareholders sued the electric car maker, Chief Executive Elon Musk and its board, accusing them of neglecting to tackle complaints about workplace discrimination and harassment, and engendering a "toxic workplace culture." Thursday's lawsuit is the latest against the company, which has been accused of racial discrimination and sexual harassment in its factories. Tesla did not immediately respond to an email seeking comment outside regular U.S. business hours. This caused Tesla to lose high-quality employees and incur costs for defending cases and settling fines for violations, the lawsuit said. The company has said it does not tolerate discrimination and has taken steps to tackle workers' complaints.

ANALYSIS
Blown off course again, Fed policymakers see near-record uncertainty
Federal Reserve policymakers are less confident than at any time since the height of the pandemic about what will happen with the economy, data published alongside their forecasts and the Fed's hefty three-quarters-of-a-point rate hike this week show.


ANALYSTS' RECOMMENDATION
• Adobe Inc: Credit Suisse cuts target price to $425 from $525, citing the management’s guidance for Q3 which is well below expectations.

• Charter Communications Inc: RBC cuts target price to $575 from $700, to reflect management's commentary regarding the removal of its broadband customers that have been de-enrolled from the FCC's subsidy programs.

• Kroger Co: JPMorgan raises target price to $54 from $52, after the company reiterated that the competitive environment remains largely unchanged.

• Marriott Vacations Worldwide Corp: Jefferies cuts target price to $191 from $193, expecting some impact to the company's rental business.

• Olo Inc: JPMorgan cuts target price to $21 from $26, reflecting the increase in discount rate and a change in the free cash flow profile based on margin compression in 2022.


ECONOMIC EVENTS (All timings in U.S. Eastern Time)
0915 Industrial production mm for May: Expected 0.4%; Prior 1.1%
0915 Capacity utilization SA for May: Expected 79.2%; Prior 79%
0915 Manufacturing output mm for May: Expected 0.3%; Prior 0.8%
0915 Industrial production YoY for May: Prior 6.4%
1000 Leading index change mm for May: Expected -0.4%; Prior -0.3%


COMPANIES REPORTING RESULTS
No major S&P 500 companies are scheduled to report.​


CORPORATE EVENTS (All timings in U.S. Eastern Time)
1300 Fortinet Inc: Annual Shareholders Meeting


EX-DIVIDENDS
Amphenol Corp: Amount $0.20
Ecolab Inc: Amount $0.51
PPL Corp: Amount $0.22
UWM Holdings Corp: Amount $0.10

Goedemorgen,

De markt blijft in moeilijkheden door de oplopende rente, de vrees voor een recessie en ook door dat er veel indices al in een "Bear Market" zitten. De Dow Jones komt nu ook snel dichterbij om aan deze voorwaarde te voldoen, dat is als een index vanaf de top 20% verliest. Na de stevige terugval is het ook zo dat er een kort maar krachtig herstel op komst is, de indices kunnen dan tussen de pakweg 3 en 5% omhoog op zeer korte termijn. Hou daar in ieder geval rekening mee vanaf nu, we kennen deze uitslagen goed genoeg en die kwamen al vaak voorbij de afgelopen periode. Verder zien we dat de Brent olie rond de 119 dollar blijft hangen, de 10-jaars rente zakt wat terug tot rond de 3,24%.

We zitten in wat kleine long posities voor de leden die in de loop van deze week werden opgenomen, voor de maand juni staan we met de signaaldiensten op winst en dat al voor de 6e maand dit jaar. Meedoen met de signalen kan door lid te worden via de Tradershop ...

Update vrijdag 17 juni:
Op Wall Street was er opnieuw een fors verlies donderdag, na het herstel van woensdag meteen weer diepere bodems met de Dow Jones die zelfs onder de 30.000 punten sluit. De Dow Jones sluit uiteindelijk 741 punten (-2,4%) lager terwijl de S&P 500 index 123 punten (-3,25%) verloor donderdag. Bij de technologiehoek grote verliezen, de Nasdaq sluit 453 punten (-4%) lager terwijl de Nasdaq 100 index 466 punten (-4%) verloor, de SOX index deed het met 6,25% verlies nog slechter. De Dow Transport index verloor 3,4%. Over de gehele lijn zien we forse verliezen op Wall Street, beleggers werden opnieuw bang voor hetgeen er komt maar het sentiment kan vrijwel elke dag omslaan weten we.

In Europa zien we ook forse verliezen, de AEX index sluit 25 punten (-3,75%) lager en sluit de sessie af op 638,34 punten, de index sluit zo meteen ook ver onder de vorige bodem. De DAX verloor donderdag 447 punten (-3,3%) en komt nu dicht bij de 13.000 punten steun uit. De Franse CAC 40 verloor 144 punten (-2,4%) terwijl de BEL 20 index 105 punten (-2,8%) verloor.

Een totaal ander beeld dan woensdagavond waar de markten na de renteverhoging van 75 basispunten door de FED stevig opliepen. We zien een forse daling donderdag over de gehele lijn en we zien nu overal nieuwe laagtepunten ofwel diepere bodems. Of het nu komt door de FED, de angst voor meer renteverhogingen en vooral ook een te forse afkoeling van de economie. Met andere woorden, wordt het een zachte of harde landing richting het einde van het jaar?

Veel meer kan ik er niet over melden, de markten blijven volatiel en we zien grote uitslagen hetgeen nog wel een tijd zo zal blijven. We zitten er al mee sinds de start van het jaar toen er nog nieuwe toppen werden neergezet bij meerdere indices. Het meest belangrijke is dat de inflatie afneemt en na de reeks renteverhogingen verwacht ik wel dat er op dat front wat rust zal komen. We moeten het afwachten en verder mee zien te bewegen op de golven die we voorbij zien komen. De markt is niet makkelijk en dat is al een tijdje het geval.

De signaaldiensten:
Voorzichtig wat kunnen doen deze maand en we zitten nu in wat kleine long posities na de grote terugval, door dat de posities klein zijn en we de stops ruim kunnen nemen hebben we nog genoeg tijd om af te wachten. De markt blijft wild om zich heen slaan, na enkele zeer negatieve sessies kan er ook nu weer een forse tegenbeweging op gang komen. Wie mee wil doen kan lid worden, via de Tradershop kunt u de posities dan nog opnemen uiteraard. De resultaten voor dit jaar 2022 lopen in ieder geval gestaag verder op. Lid worden is altijd een goeie keuze, het ondersteunt 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 AUGUSTUS 2022. Schrijf u nu snel in tot 1 AUGUSTUS voor €35 via de Tradershop en kies uw abonnement via de link https://www.usmarkets.nl/tradershop

Marktoverzicht:
Wall Street moet opnieuw fors inleveren na het korte herstel van woensdag, de indices zetten zo weer een lagere bodem neer, de Dow Jones moet al tot onder de 30.000 punten op slotbasis en gaat zo ook op zoek naar de 20% daling vanaf de top ofwel het "Bear Market" gebied. De S&P 500, de Nasdaq en de SOX index die ook nieuwe bodems neerzetten blijven in de "Bear Market" hangen.

In Europa zakt de AEX index ver terug, het slot op 638 punten is ruim onder de bodemzone 650-655 punten zodat de index naar beneden toe is uitgebroken. Verder zien we dat ook de DAX het helemaal loslaat, de index sluit 447 punten lager en kon nog net boven de 13.000 punten blijven. Zowel de AEX en de DAX hebben een zeer slechte reeks achter de rug, wel opletten voor een nieuwe rally vanaf de bodems vanaf nu.

Dow Jones:
De Dow Jones moet opnieuw fors inleveren en sluit voor het eerst sinds lange tijd onder de 30.000 punten. De daling zet door, we zien op de grafiek hoe snel het ging de afgelopen dagen. Als ik naar de grafiek kijk dan zou er vanaf nu een stevige rebound moeten komen maar in deze fase is er niets zeker maar de mogelijkheid is er wel en we moeten daar rekening mee houden.

Onder de 30.000 punten nu steun rond de 29.750 en de 29.300 punten waar ik toch enkele belangrijke steunlijnen zie samenkomen. Denk aan enkele oude toppen van begin 2020 en vooral ook het 200-weeks gemiddelde. Verder nog steun rond de 29.000 en de 28.500 punten. Weerstand nu eerst de 30.100-30.150 punten, later de 30.550-30.650 punten en de 31.000-31.050 punten.

AEX index:
De AEX laat het gaan en zakt tot ver onder de bodem die rond de 650-655 punten uitkwam. De laagste dagstand zien we rond de 636,5 punten, de index sluit op 638,3 punten. Steun nu eerst de 630-632 punten, later de 618-622 punten zone. Verder steun rond de 600-605 punten en de 590-592 punten. De AEX verloor binnen een sessie of 6 al zo'n 80 punten en dat is veel.

Weerstand nu de 650-655 punten zone ofwel de eerdere bodemzone, later de 662-665 en de 670-672 punten. Verder weerstand rond de 680, de 690 en de bekende 700-702 punten.

DAX index:
De DAX zakt verder door en zet een zeer slechte reeks neer, woensdag even wat herstel maar donderdag zakt de index opnieuw 447 punten om nog net boven de 13.000 punten te blijven. In amper 8 sessies verloor de DAX al zo'n 1750 punten. Steun nu eerst de 13.000 punten, later de 12.750 en de bodem van begin maart die uitkomt rond de 12.450-12.500 punten.

Weerstand nu eerst de 13.300-13.350 en de 13.450-13.500 punten, later rond de 13.650 en de 13.800 punten weerstand.

Nasdaq Composite:
De Nasdaq verloopt het niet best, de poging tot een herstel werd snel afgebroken waardoor de index opnieuw een lagere bodem neerzet en zo verder afzakt richting de 10.500 punten waar we nog wat steun verwachten. Als ook deze steun het niet kan houden dan moeten we rekening houden met een daling tot rond de 10.000 punten en wie weet zelfs nog lager.

Steun nu eerst de 10.500 punten, later de 10.250 en de 10.000 punten. Weerstand nu eerst de 10.800-10.850 punten, later de 11.030-11.050 punten waar we de oude bodem zien uitkomen. Verder rond de 11.300 en de 11.500 punten weerstand.

Overzicht resultaat dit jaar (2021):
We hebben in de loop van vorige week winst genomen op enkele short posities zodat we de maand juni met winst starten, we blijven rustig handelen in deze markt en nu zitten we met wat kleine long posities die werden opgenomen. We behalen dit jaar tot nu toe elke maand onze doelen ofwel een mooie winst. Zo loopt het resultaat voor dit jaar (2022) gestaag verder op, we zitten tot nu toe met een mooie plus bij alle abonnementen.

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

Overzicht resultaten deze maand maart en dit jaar (2022)

Met vriendelijke groet,
Guy Boscart