Liveblog Archief vrijdag 18 juni 2021

TOP NEWS
• U.S. House panel to vote Wednesday on bills targeting Big Tech
The U.S. House Judiciary Committee will vote on Wednesday on a package of six antitrust bills, including several targeting the market power of Big Tech, the panel said on Thursday.

• Chinese apps could face subpoenas or bans under Biden order -sources
President Joe Biden's executive order aimed at safeguarding Americans' sensitive data would force some Chinese apps to take tougher measures to protect private information if they want to remain in the U.S. market, according to people familiar with the matter.

• Adevinta, eBay clear final hurdle in $13 billion advertising tie-up
U.S. e-commerce group eBay and Norway's Adevinta have secured final regulatory approval for a tie-up of their global classified ads businesses, the Norwegian firm said.

• Google searches for new measure of skin tones to curb bias in products
Alphabet Inc's Google told Reuters this week it is developing an alternative to the industry standard method for classifying skin tones, which a growing chorus of technology researchers and dermatologists says is inadequate for assessing whether products are biased against people of color.

• Twitter's India woes worsen as police summon chief over viral video
Police in India have summoned Twitter's top official in the country to answer allegations that the U.S. firm failed to stop the spread of a video that allegedly incited "hate and enmity" between Hindu and Muslim communities.​


BEFORE THE BELL
Futures tracking the Nasdaq hovered near record highs as optimism around a speedy economic recovery overshadowed the Federal Reserve's hawkish stance on monetary stimulus. A slide in bank and energy stocks hit European shares. Japanese stocks fell, with the Topix index dragged lower by financial stocks, and China stocks ended flat, while posting their third straight weekly drop. Gold rose as a pause in the dollar's rally helped bullion claw back some ground from a sharp slide in the previous sessions. Britain’s biggest daily rise in new cases of COVID-19 since Feb. 19 and new Iranian supply weighed on oil prices.


STOCKS TO WATCH

Results
• Manchester United PLC: The football club posted a 21.7 million pounds loss in the first three months of 2021 due to the near absence of matchday sales as its iconic Old Trafford stadium stayed shut due to the coronavirus pandemic. Matchday sales slumped to 1.6 million pounds in the quarter compared to 29.1 million a year earlier as the English Premier League club lamented the absence of fans at its stadiums. Total revenue slid 4.4% from last year, with Executive Vice Chairman Ed Woodward saying it proved spectators were "the lifeblood of the game". The club did not provide a forecast and Woodward said it "remains optimistic about the prospect of fans returning to Old Trafford in larger numbers."​

Deals Of The Day
• CAI International Inc: Transportation finance and logistics company CAI said on Thursday it has agreed to a $1.1 billion takeover by Mitsubishi HC Capital, as the Japanese financial firm expands its overseas operations. The deal consists of $104 million worth of preferred stock and $986 million of common stock equity value, and has an enterprise value of $2.9 billion, CAI said on Thursday. Mitsubishi HC Capital has offered $56 per share in cash according to the company's statement, marking a 46.8% premium over CAI's last closing price. The deal has been unanimously approved by CAI's board of directors, the company said, adding that shares of CAI will no longer be listed on the New York Stock Exchange after the deal is completed.

• Pilgrim's Pride Corp: Irish food firm Kerry Group said on Thursday it would sell its British and Irish Consumer Foods’ Meats and Meals business to U.S. poultry producer Pilgrim's Pride for 819 million euros. "Kerry Group plc today announces that it has reached agreement to sell its Consumer Foods’ Meats and Meals business in the UK and Ireland to Pilgrim’s Pride Corporation for a cash consideration of 819 million euros subject to routine closing adjustments," the statement said. Pilgrim’s Pride CEO Fabio Sandri said the deal would allow it to position itself as a "leading prepared foods and branded products player."​

In Other News
• Alphabet Inc: Google told Reuters this week it is developing an alternative to the industry standard method for classifying skin tones, which a growing chorus of technology researchers and dermatologists says is inadequate for assessing whether products are biased against people of color. At issue is a six-color scale known as Fitzpatrick Skin Type (FST), which dermatologists have used since the 1970s. Tech companies now rely on it to categorize people and measure whether products such as facial recognition systems or smartwatch heart-rate sensors perform equally well across skin tones. Critics say FST, which includes four categories for "white" skin and one apiece for "black" and "brown," disregards diversity among people of color. Researchers at the U.S. Department of Homeland Security, during a federal technology standards conference last October, recommended abandoning FST for evaluating facial recognition because it poorly represents color range in diverse populations.

• Alphabet Inc & Amazon.com Inc: The U.S. House Judiciary Committee will vote on Wednesday on a package of six antitrust bills, including several targeting the market power of Big Tech, the panel said on Thursday. The bills will be marked up in committee to consider changes and then voted on by the panel to decide whether the full House of Representatives should vote on the measures. Two of the bills address the issue of giant companies, such as Amazon.com and Alphabet's Google, creating a platform for other businesses and then competing against those same businesses. These bills - one of which would force companies to sell businesses - have attracted the most opposition. Some pro-tech groups have said they could mean the end of popular promotions like Amazon Prime free shipping and iMessage in iPhones.

• Amazon Inc: Ferrari and Amazon Web Services (AWS) have entered an agreement to make Amazon's cloud computing unit the luxury carmaker's cloud storage, machine learning, and artificial intelligence provider, AWS said. The deal will help Ferrari streamline design and testing of its cars, and allow its Scuderia Ferrari Formula One racing team to launch a digital fan engagement platform, AWS said in a statement. "Together, the companies will accelerate the pace of innovation across the entire Ferrari organization", including their road cars department, GT Competitions, the Ferrari Challenge, and the Formula One team, it added. Ferrari will rely on AWS's advanced analytics, machine learning, compute, storage, and database capabilities "to rapidly achieve insights into car design and performance on the road and track," AWS said.

• Apple Inc: The company said Thursday it will give $5 million to four historically Black universities to help expand their engineering programs for designing the chips that power electronic devices. Apple said the $5 million will be spread across Alabama A&M University, Howard University, in Washington, D.C., Morgan State University, in Baltimore, and Prairie View A&M University, in Texas, over three years. The money comes from Apple's broader racial justice initiative, which it announced last year with $100 million in initial funding. The grants will support each school's engineering departments and seek to focus expanding course work in fields like computing architecture and designing chips. The money will also support fellowships and internships in hardware technologies, Apple said.

• Boeing Co: Boeing was readying the largest member of its 737 MAX family for its maiden flight on Friday, a person familiar with the matter said, as the planemaker tries to close a sales gap with a competing Airbus jet. The first voyage of the 737 MAX 10, expected around 10 a.m. local time from the Seattle area, the person said, heralds months of testing and certification before it enters service in 2023. In an unusual departure from the PR buzz surrounding first flights, the event was expected to be kept low-key as Boeing tries to recover from overlapping crises caused by the 20-month safety grounding of the MAX and the global pandemic.

• Bristol-Myers Squibb Co: Bristol-Myers and Eisai Co said on Thursday they had entered into an agreement worth up to $3.10 billion to jointly develop and market an experimental cancer drug. Bristol-Myers would pay $650 million, including for research and development expenses to Eisai, which will also be eligible for up to $2.45 billion in milestone payments, the companies said. They would jointly develop and market the drug, MORAb-202, in Asia, Europe, the United States and Canada. Bristol-Myers in May entered into a $1.56 billion deal with Agenus to exclusively develop and market its experimental drug for immuno-oncology treatments, including non-small-cell lung cancer.

• Centene Corp, CVS Health Corp & Molina Healthcare Inc: The U.S. healthcare industry and analysts praised a U.S. Supreme Court decision that preserved the Obamacare health plan, with insurer CVS reaffirming that it will rejoin the individual insurance exchange and others predicting more federal support. Shares of health insurers Centene and Molina Healthcare, which participate in the exchanges to buy individual health insurance set up by the law, closed up more than 2%. In February, CVS said it would return to selling individual health insurance plans on the online marketplaces created by the ACA, saying the market had stabilized. "We look forward to bringing innovative solutions and more options to the marketplace as we enter the exchanges in 2022," it said.

• Chevron Corp & Occidental Petroleum Corp: Chevron and Occidental said on Thursday they were withdrawing staff and implementing storm precautions at their U.S. Gulf of Mexico offshore facilities ahead of a brewing tropical storm. A weather disturbance over the Gulf of Mexico could become a tropical storm by Friday and take aim at the Louisiana and Mississippi coasts, the U.S. National Weather Service said on Thursday. "All of our facilities have plans to prepare for weather-related events and are implementing those procedures," Occidental said on its website. It did not comment on production. Chevron said it had removed non-essential staff from three U.S. Gulf of Mexico oil platforms and fully evacuated a fourth. Output remains at normal levels, the company said.

• eBay Inc: U.S. e-commerce group eBay and Norway's Adevinta have secured final regulatory approval for a tie-up of their global classified ads businesses, the Norwegian firm said. Under a deal struck last year, Adevinta will acquire eBay's Classifieds Group in return for $2.5 billion in cash and 540 million shares, valuing the transaction at around $13 billion at current stock market prices. The final regulatory approval came from the Austrian competition watchdog after eBay agreed to reduce its ownership stake in Adevinta during the next 18 months, the Norwegian firm said. The compromise removes the sole outstanding obstacle to the deal following a go-ahead from Britain's Competition and Markets Authority earlier this month. "Adevinta is pleased to announce that closing of the transaction will be initiated shortly and is expected to complete on or about 25 June," the Oslo-listed company said in a statement.​

• Exxon Mobil Corp: The company said on Thursday it rejected proposals by the United Steelworkers union to end a seven-week lockout at the company's Beaumont, Texas, refinery. A union official confirmed the two sides met for about two hours on Thursday, but declined to discuss any proposals. No date for another negotiation session has been set. "They told us: 'We're not compelled to move,'" said Mark Morgan, chairman of the negotiating committee representing union workers at the 369,000-barrel-per-day (bpd) refinery and lubricant oil plant. In a statement posted online, Exxon said the company and union remain far apart based on Thursday's meeting. "The union provided five partial proposals which included items that significantly increase cost and do not meet the objectives we informed the union of in January," Exxon said.

• JPMorgan Chase & Co, UBS Group AG & Wells Fargo & Co: JPMorgan will give its U.S. employees one floating day off for the newly implemented Juneteenth federal holiday, according to an internal memo seen by Reuters. While the holiday falls on a weekend, employees can coordinate with managers for a paid day off between July 1 and Dec. 31, the memo from Chief Executive Officer Jamie Dimon and global head of diversity and inclusion Brian Lamb said. Wealth manager UBS also unveiled similar plans for its U.S. employees, an internal memo showed. Wells Fargo will provide an additional personal holiday in 2021 to all eligible U.S. based employees to commemorate Juneteenth, a company spokesperson said.

• Tesla Inc: U.S. auto safety regulators said on Thursday they have opened 30 investigations into Tesla crashes involving 10 deaths since 2016 where advanced driver assistance systems were suspected of use. The National Highway Traffic Safety Administration (NHTSA) released a list offering details about crashes under review by its Special Crash Investigations programs. Of the 30 Tesla crashes, NHTSA has ruled out Tesla's Autopilot in three and published reports on two of the crashes.

• Twitter Inc: Police in India have summoned Twitter's top official in the country to answer allegations that the U.S. firm failed to stop the spread of a video that allegedly incited "hate and enmity" between Hindu and Muslim communities. An official police notice, seen by Reuters, showed a case had been registered in Ghaziabad in northern Uttar Pradesh state over a video of a few men, apparently Hindu, beating an elderly man believed to be a Muslim and cutting his beard. The police report names Twitter, its local unit and seven others for their alleged roles in disseminating a video that was deemed insulting to religious beliefs and causing public mischief in a state with a long, bloody history of communal violence.​


FOCUS
Facebook's 'Neighborhoods' faces crowded niche market, profiling concerns
Facebook has in recent years focused on on-site communities that matter to its users as a tactic to drive engagement. The company, which made the vast majority of its almost $84.2 billion ad revenue last year from smaller businesses, many of whom court local users, also said users' activity and information in Neighborhoods may be used to personalize their experience and ads across Facebook.


ANALYSTS' RECOMMENDATION
• Adobe Inc: Oppenheimer raises target price to $600 from $550, after the company reported strong second-quarter results and guidance ahead of expectations on both top and bottom line.

• Biogen Inc: Piper Sandler raises rating to overweight from neutral, saying chances are good for Aduhelm’s launch to beat expectations.

• Danaher Corp: Credit Suisse raises target price to $288 from $282, following the company’s announcement for acquiring Aldevron.

• Jabil Inc: Raymond James raises target price to $66 from $58, following the company’s third-quarter results that again featured quality upside as revenue beat.

• Lennar Corp: BTIG raises target price to $127 from $117, factoring the company’s strong second-quarter earnings and positive third-quarter order guidance.​


ECONOMIC EVENTS
No economic indicators are scheduled for release.


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


CORPORATE EVENTS (All timings in U.S. Eastern Time)
0830 Ocular Therapeutix Inc: Annual Shareholders Meeting
1000 Phillips Edison & Co Inc: Annual Shareholders Meeting
1100 Keurig Dr Pepper Inc: Annual Shareholders Meeting
1200 Biolife Solutions Inc: Annual Shareholders Meeting
1300 Fortinet Inc: Annual Shareholders Meeting
1300 iRhythm Technologies Inc: Annual Shareholders Meeting
1330 Prelude Therapeutics Inc: Annual Shareholders Meeting


EX-DIVIDENDS
CDK Global Inc: Amount $0.15
DTE Energy Co: Amount $1.08
Greif Inc: Amount $0.44
Heartland Express Inc: Amount $0.02
ITT Inc: Amount $0.22
J & J Snack Foods Corp: Amount $0.63
Lamar Advertising Co: Amount $0.75
Stock Yards Bancorp Inc: Amount $0.27
UnitedHealth Group Inc: Amount $1.45
Utz Brands Inc: Amount $0.05

Goedemorgen,
Gisteren weer een volatiele sessie, eerst moest alles lager maar naarmate de sessie vorderde hebben we gezien dat de indices die zwaar onder invloed zijn van de technologie aandelen opkrabbelen en de tech gerelateerde indices naar een positief slot brachten. Let ook op de olie die plots omlaag moest, verder valt het op dat de euro-dollar nu moet inleveren, ofwel de euro lager en de dollar sterker. Dat komt natuurlijk door wat de FED aangaf woensdag. Ook is het wat vreemd dat de tech aandelen nu juist hoger geraken terwijl de dollar aan kracht wint en de rente verwachting werd bijgesteld maar we kijken nergens meer van op in deze markt ...

De S&P 500 verloor iets (-0,05%), de Dow Jones lag er weer slecht bij net als de Dow Transport index die ruim 2% moest inleveren. De Dow Jones verloor 210 punten ofwel 0,62%. Aan de andere kant zien we een ruime winst bij de Nasdaq (+0,9%) en de Nasdaq 100 (+1,3%), ook de SOX deed het met een winst van 1% goed tijdens deze vreemde sessie. In Europa een kleine plus voor de DAX en de AEX, ze begonnen de sessie met verlies maar richting het slot werd dat omgezet in een plus zodat de AEX opnieuw een record neerzette. Ook de Franse CAC 40 zet een nieuw record neer.

Op Wall Street kregen we nog maar eens te maken met een behoorlijke divergentie tussen de verschillende sectoren, zo verloren de banken, de Transport sector, de olie sector en de industrie aandelen waardoor de Dow Jones meer dan 200 punten lager moest terwijl de tech indices het juist goed deden met toch een forse plus bij de TOP-5 aandelen. Het speelt al een tijdje dat moeilijke verloop waardoor je het als handelaar moeilijk kunt volgen en in feite weinig kan doen omdat het zo onzeker is.

Je kunt bijna al zien dat de Nasdaq zal inleveren maar die andere sectoren dan juist gaan herstellen. We gaan het zien, ik ben wel van plan om wat te proberen in de loop van de dag, als u de signalen ook wilt ontvangen wordt dan vandaag nog lid via de nieuwe aanbieding die loopt tot 1 september ...

Resultaat dit jaar verloopt nog altijd naar wens en we blijven rustig:
We hebben deze maand al 3 keer iets kunnen doen maar we schieten er nog niet veel mee op. Let erop dat we al geruime tijd goed bezig zijn maar als het even niet loopt zoals verwacht reageer ik snel om een eventueel verlies te beperken. We doen rustig verder en ik zoek altijd waar het kan naar een instap bij de indices. Het is wel zo dat de divergentie tussen de indices het wat lastiger maakt om een duidelijke keuze te maken.

Wordt nu dus lid en volg de signalen die er snel weer komen ... Zie hieronder het resultaat van deze maand per abonnement.

LET OP !! Maak nu meteen gebruik van de nieuwe aanbieding die loopt tot 1 SEPTEMBER voor €39 (Polleke Trading €49)... Via de site en dan de Tradershop kunt zich inschrijven en daar kunt u als lid meteen ook de lopende posities met alle details inzien. Ga naar de Tradershop en schrijf u meteen in ... https://www.usmarkets.nl/tradershop

Hieronder het resultaat van deze maand (JUNI):

Technische ontwikkeling markt:
We zien nog altijd veel divergentie in de markt, op Wall Street zelf tussen de tech aandelen en de cyclische aandelen en ook in Europa zien we dat want de AEX zet nog steeds records neer terwijl de DAX dat niet doet en zo wat achterblijft. Ik blijf erbij dat deze divergenties een signaal afgeven dat de markt voor een tijdje onder druk kan komen te staan.

Voorlopig springen beleggers nu richting de tech sectoren maar ik zie daar ook duidelijk overdrijving, vooral de BIG-5 maken stevige sprongen omhoog. De Dow Jones samen met de Dow Transport hebben het al meerdere dagen moeilijk en zakken verder.

Overzicht markt:

Technische conditie AEX:
De AEX blijft nog altijd zeer sterk liggen en zet opnieuw een recordslot neer op 734,89 punten en dat is nu het 7e record op rij. De hoogste stand ooit werd gisteren ook opnieuw wat hoger gezet op 736,07 punten. Het blijft duidelijk dat de AEX zeer afhankelijk blijft van zwaargewicht ASML, het aandeel blijft maar gaan en bereikt al een stand op €589,7 op slotbasis. Door dat ASML extreem zwaar weegt binnen de AEX zien we meteen al aan de stand van de index hoe ASML erbij ligt. ASML begon lager en zette de AEX even op 728,5 punten, later herpakt ASML zich sterk en zorgde meteen voor een fors herstel bij de AEX.

Weerstand nu blijft eerst de 735 punten, later nemen we de 738 en de 745 punten als richtpunten omhoog. Steun blijft voorlopig de oude weerstandszone rond de 718-719 punten, later de 712 punten waar we nu ook het 50-daags gemiddelde zien. Pas als de AEX duidelijk onder die 712 punten zakt ziet het er minder goed uit, dan kunnen we snel weer op 702-703 punten staan. Denk eraan dat als er een terugval op gang komt we snel enkele procenten lager kunnen staan.

Technische conditie DAX:
De DAX blijft boven de belangrijke 15.550 punten zone en dicht bij het record dat dinsdag werd neergezet, we blijven uiteraard letten op die 15.550 punten steun want dat niveau was eerder de zeer zware weerstand bij de DAX, de index bleef daar weken tegenaan hikken.

Weerstand nu de 15.730 punten, later de 15.850 en de 16.000 punten. Steun kunnen we dus verwachten rond de 15.550 punten, later zien we de 15.425 en de 15.380 punten als richtpunten omlaag. De DAX blijft met kleine stapjes aan winst werken maar dat is onvoldoende om kracht te tonen om definitief uit te breken.

S&P 500 analyse:
De S&P 500 bewoog behoorlijk gisteren maar verloor 2 punten, zo blijft de index onder de vorige top die op 4238 punten uitkwam. Opletten nu met die 4200 punten want als de index dat niveau verliest dan komen we zeer snel terecht bij die bekende dubbele steun die op 4180 punten wacht. Dat het snel kan gaan hebben we de afgelopen 2 sessies duidelijk kunnen zien, bij een verkoopgolf staat de index in no-time ruim 1% lager, naar boven toe zien we dat uiteraard niet.

Steun nu de 4200 en de 4180 punten, onder dat niveau duikt de index onder de zeer belangrijke steunlijn en het 50-MA. Bij een verdere daling steun rond de 4125 en de 4050 punten. Weerstand nu eerst die oude top rond de 4238 punten, daarboven de top van dinsdag rond de 4250 punten. Bij een duidelijke uitbraak weerstand rond de 4300 en de 4350 punten. Het ziet er nu onduidelijk uit op Wall Street, het kan in feite beide kanten uit al zien we de nodige moeite omhoog.

Analyse Nasdaq:
De Nasdaq lag er opnieuw sterk bij el wint 0,9% gisteren hetgeen totaal tegenover gesteld is dan wat de Dow Jones deed. De Nasdaq staat nu heel dicht bij de top die op 4211 punten wacht, de Nasdaq 100 zet wel een nieuw record neer. Nog zo'n 50 punten om de top te testen, we zien nu 3 duidelijke toppen bij deze index tussen februari en nu. Boven die 4211 punten weerstand rond de 14.350 en 14.500 punten maar reken erop dat boven die topzone de ruimte leeg is en we geen doelen meer zien.

Steun nu eerst de 14.000 punten die gisteren nog werd getest en woensdag kwamen we zelfs even nog wat lager uit. Later steun rond het 50-daags gemiddelde dat uitkomt op 13.780 punten. Eerst deze niveaus maar in de gaten houden, later zien we verder.

Euro, olie en goud:
De euro zien we nu rond de 1.19 dollar, de prijs van een vat Brent olie komt uit op 72,7 dollar terwijl een troy ounce goud nu op 1785 dollar staat.

De LIVEBLOG en Twitter:
Via de LIVEBLOG en tussendoor ook via mijn Twitter account laat ik gedurende de dag ook wat grafiekjes met korte uitleg voorbij komen over de markt. Op Twitter kunt u mij volgen via @USMarkets dan kunt u deze snelle informatie die ik deel uiteraard ook inzien .... https://twitter.com/USMarkets , ook opvallende beursfeiten komen er vaak langs !

LET OP !! Maak nu meteen gebruik van de nieuwe aanbieding die loopt tot 1 SEPTEMBER voor €39 (Polleke Trading €49)... Via de site en dan de Tradershop kunt zich inschrijven en daar kunt u als lid meteen ook de lopende posities met alle details inzien. Ga naar de Tradershop en schrijf u meteen in ... https://www.usmarkets.nl/tradershop

Hieronder de resultaten van dit jaar (2021):

Met vriendelijke groet,
Guy Boscart