Liveblog Archief vrijdag 23 oktober 2020

TOP NEWS
• Debates over, Trump and Biden enter campaign's 11-day homestretch
President Donald Trump and rival Joe Biden begin a sprint through the final 11 days of the U.S. presidential race, a day after battling over the COVID-19 pandemic and personal integrity in their second and final debate. Trump, 74, will hold two rallies in the battleground state of Florida, where opinion polls show a tight race. Biden, 77, will deliver a speech in his home state of Delaware on his plans for leading a recovery from the pandemic.

• Gilead shares rise after United States approves remdesivir as COVID-19 drug
Shares of Gilead Sciences rose after its antiviral drug, remdesivir, became the first and only approved treatment for COVID-19 in the United States.

• Wells Fargo explores sale of asset management business-sources
Wells Fargo is exploring a sale of its asset management business, in what would be the U.S. bank's biggest shake-up since former Bank of New York Mellon chief executive Charles Scharf joined as CEO last year, people familiar with the matter said on Thursday.

• California appeals court rules Uber, Lyft must reclassify drivers as employees
A California appeals court on Thursday unanimously ruled against ride-hailing companies Uber and Lyft, saying they must reclassify their drivers in the state as employees.

• LSE expects Refinitiv deal to close in first-quarter 2021
The London Stock Exchange expects to close its $27 billion purchase of data analytics company Refinitiv in the first-quarter of next year, as the group reported forecast-beating third-quarter income.


BEFORE THE BELL
Futures tracking the S&P 500 and the Dow rose slightly as investors anticipated progress in bipartisan talks over the next coronavirus aid bill as the Nov. 3 presidential election neared. European stocks rose, boosted by positive earnings updates from Barclays and carmakers. Japan’s Nikkei ended in the green after signs of progress in U.S. stimulus talks helped Wall Street finish higher overnight. Gold prices firmed above $1,900 an ounce, as the dollar weakened. Oil edged higher on the prospect of an extension to OPEC-led supply curbs. IHS Markit’s manufacturing and services PMI numbers are due on the U.S. economic calendar later in the day.


STOCKS TO WATCH
Results
• Autoliv Inc (ALV). The world's largest producer of airbags and seatbelts reported higher than expected quarterly earnings as it returned to profit in the wake of a plunge in car production due to the pandemic. The Sweden-based rival of ZF TRW and Joyson Safety Systems also said that for the full year it expected to further outperform global light vehicle production during a "very busy" fourth quarter for order intake. Autoliv reported a third-quarter operating profit of $175 million compared with a $154 million profit in the year-ago quarter and a mean forecast of $163 million based on a poll of analysts published by the company. On an adjusted basis, operating earnings were $206 million in the quarter, up from a year-ago $183 million.

• Barclays PLC (BCS). The company reported stronger than expected third-quarter results thanks to a return to profit for the bank's consumer businesses and Chief Executive Jes Staley said he aimed to stay on for two more years. Barclays reported profit before tax of $1.4 billion for the three months to the end of September, almost double the 507 million pounds analysts had forecast. The bank booked 608 million pounds in provisions for bad loans and other charges, down 63% from the previous quarter and well below the 1 billion pounds analysts had expected. However, Barclays said it was considering further cost-cutting measures, which could result in more charges.

• Intel Corp (INTC). The company on Thursday reported that margins tumbled in the latest quarter as consumers bought cheaper laptops and pandemic-stricken businesses and governments clamped down on data center spending. Intel said a 10-nanometer chip factory in Arizona had reached full production capacity and that it now expects to ship 30% higher 10nm product volumes in 2020 compared to January expectations. Excluding items, it earned $1.11 per share, in line with estimates. The company said it was expecting fourth-quarter revenue of about $17.4 billion, while analysts were expecting revenue of $17.36 billion.

• Mattel Inc (MAT). The company reported a surprise rise in quarterly sales on Thursday and forecast more growth in the holiday season, as retailers rushed to restock their shelves of Barbie dolls and other toys in high demand from stuck-at-home kids. Chief Executive Officer Ynon Kreiz said he expects Barbie play houses and fashion dolls to be among the company's best-selling toys for the holiday quarter, but warned of potential overall supply challenges. Mattel posted net sales of $1.63 billion in the quarter, beating analysts' estimates of $1.46 billion. The company reported adjusted earnings of 95 cents per share, beating estimates of 39 cents, as cost cuts beefed up profit margins.

IPOs
• Lufax Holding Ltd (LU). The company, one of China's largest online wealth management platforms, aims to raise up to $2.36 billion in a U.S. initial public offering just days before the Nov. 3 election. A filing with the Securities and Exchange Commission (SEC) showed Lufax plans to sell 175 million American Depository Shares (ADS) within a price range of $11.50 to $13.50 each. There is a so-called green shoe option to sell a further 26.25 million ADS that can be exercised within 30 days of listing. It will list the ADS on the New York Stock Exchange.

In Other News
• Apple Inc (AAPL). Two of Apple's latest iPhone 12 models went on sale in China, after early pre-order data showed strong consumer interest in the 5G-enabled device in the firm's second-largest market. The short queues outside Apple stores in the business hub of Shanghai struck a contrast with the crowds that flocked to past launch events, as most ordering has now shifted online. Chinese e-commerce retailer JD.com saw pre-orders for all four models of the iPhone 12 hit 1.6 million on the first day of the announcement.

• AstraZeneca PLC (AZN). The Peruvian government said on Thursday that it refused to sign a coronavirus vaccine purchase agreement with the company because it did not provide sufficient data from its studies and offered minimal amounts of inoculations. Prime Minister Walter Martos said in a news conference that the government had asked AstraZeneca for data from its vaccine studies, but that the firm had not sent the information. "The other labs have caught up with us accordingly, however AstraZeneca has not," Martos said. "They were offering us a very low quantity of vaccines compared with other laboratories that are offering us large quantities at lower costs," he said.

• Carlyle Group Inc (CG). Link Administration rejected a takeover offer of $1.96 billion from private equity firms Carlyle Group and Pacific Equity Partners, but said it was willing to continue talks over the bid. The shareholder registry firm said it had arrived at the decision after discussions with the private equity duo, their advisers and its own shareholders. The conditional offer of A$5.20 a share undervalued PEXA, an online property transaction firm that Link holds a stake in, and did not factor in a market recovery, the company said.

• Cisco Systems Inc (CSCO). The company’s video-conferencing app Webex clocked 590 million participants in September and is on track to record over 600 million this month, nearly double the numbers recorded in March when countries started shutting down due to the pandemic. While the expansion in Webex user numbers started in March, it has not tapered off, and attendees are at all-time highs in October amid a resurgent pandemic, Jeetu Patel, Cisco Systems Inc's general manager for security and applications business, told Reuters.

• Gilead Sciences Inc (GILD). Shares of the company rose after its antiviral drug, remdesivir, became the first and only approved treatment for COVID-19 in the United States. The U.S. health regulator's approval on Thursday for its use in hospitalized patients came despite the World Health Organization last week saying the drug did not have a substantial effect on patients' length of hospital stay or chances of survival in a global trial. The U.S. Food and Drug Administration's (FDA) backing signals its confidence in Gilead's U.S.-based study results, which showed the drug was able to cut time to recovery in patients, Piper Sandler analyst Tyler Van Buren said in a client note.

• Uber Technologies Inc (UBER) & Lyft Inc (LYFT). A California appeals court on Thursday unanimously ruled against ride-hailing companies Uber and Lyft, saying they must reclassify their drivers in the state as employees. While the ruling does not take effect before a Nov. 3company-sponsored ballot measure that will give voters the chance to decide over the future status of gig workers, it narrows the companies' options should their ballot fail. The case emerged after California implemented a law, known as AB5, aimed at reclassifying ride-hail, food delivery and other app-based workers as employees entitled to benefits such as unemployment insurance and minimum wage.

• Walmart Inc (WMT). The company said on Thursday it had filed a lawsuit against the federal government, seeking clarity on the roles and legal responsibilities of pharmacists and pharmacies in filling opioid prescriptions. Walmart said certain officials in the U.S. Justice Department are threatening to sue the retail giant, claiming pharmacists should have refused to fill otherwise valid opioid prescriptions. Walmart in the lawsuit against the DOJ and the Drug Enforcement Administration (DEA) said the federal authorities are seeking civil penalties related to its alleged failure to submit suspicious order reports and added that this potential move would be "unprecedented." Separately, Walmart's Flipkart will buy a 7.8% stake in India's Aditya Birla Fashion and Retail for $204 million, giving the ecommerce company a bigger foothold in the high-margin fashion business as it battles it out with rival Amazon.com in the country.

• Wells Fargo & Co (WFC). The company is exploring a sale of its asset management business, in what would be the U.S. bank's biggest shake-up since former Bank of New York Mellon chief executive Charles Scharf joined as CEO last year, people familiar with the matter said on Thursday. The potential deal would illustrate how Scharf is looking at drastic moves, beyond cost cuts, as he seeks to turn Wells Fargo around following a years-old sales practices scandal. He has said he is targeting $10 billion in savings annually over the long term. Wells Fargo's asset management arm, which managed $578 billion on behalf of customers as of the end of June, could fetch more than $3 billion in a sale, two of the sources said.


WALL STREET WEEK AHEAD
More U.S. companies offer earnings guidance despite pandemic
With earnings season in full swing, more companies are again offering earnings guidance, signaling to investors that some corporations are adapting to uncertainty about a global pandemic that may extend deep into next year.


ANALYSTS' RECOMMENDATION
• Coca-Cola Co (KO). Jefferies raises target price to $53 from $51, citing the company’s recovery in progress as it shows sequential progress aided by easing lockdown measures and strong cost controls combined with significant organizational changes.

• Whirlpool Corp (WHR). Credit Suisse raises target price to $162 from $136, citing strong margin beat in the third quarter by a wide margin which is likely to expand in the fourth quarter along with green shoots in EMEA region which could be a positive operating profit driver in 2021.


ECONOMIC EVENTS (All timings in U.S. Eastern Time)
0945 Markit Composite Flash PMI for Oct: Prior 54.3
0945 Markit Manufacturing PMI Flash for Oct: Expected 53.4; Prior 53.2
0945 Markit Services PMI Flash for Oct: Expected 54.6; Prior 54.6


COMPANIES REPORTING RESULTS
Illinois Tool Works Inc (ITW). Expected Q3 earnings of $1.49 cents per share


CORPORATE EVENTS
No major events are scheduled for the day.


EX-DIVIDENDS
Albertsons Companies Inc (ACI). Amount $0.10
Caterpillar Inc (CAT). Amount $1.03

Goedemorgen
Even een blik het marktverloop van gisteren, de AEX verloor opnieuw 0,6% zodat we met de index op 554,2 punten uitkomen terwijl het weekverlies verder oploopt (-14 punten). De Franse CAC 40 verloor minimaal (3 punten) terwijl de DAX 21 punten lager de sessie verliet, de DAX staat op weekbasis al 366 punten lager. Europa zit dus in een moeilijke week met verlies op de borden, het zou nu wel kunnen dat er een opleving komt maar dat zien we later op de dag wel.

Op Wall Street sluit de Dow Jones 153 punten hoger (+0,55%) na weer een volatiele sessie, de SP 500 won 18 punten (+0,5%). De tech deed het niet zo goed, de Nasdaq won dan nog 21 punten (+0,2%) maar de Nasdaq 100 verloor iets, de SOX ofwel de semi-conductor index sluit 3 punten in de plus (+0,1%). eerder op de dag stonden de technologie indices nog even diep in het rood maar door de slotrally werd dat verlies weg gewerkt. Op weekbasis staat Wall Street wel op verlies, de Dow en SP 500 tot nu toe -0,85%, beide Nasdaq indices rond de 1.5%.

Beleggers blijven kijken naar wanneer het steunpakket rond geraakt, de ene dag niet de andere dag weer wel en dat speelt al een week of 3, het is best moeilijk om daarop te anticiperen want als je verkeerd zit kan het snel gaan weten we. Ook al nemen we dan kleine posities. Gisteren was er weer een bericht dat ze vorderingen maken. We kunnen wel eens een surprise krijgen in het weekend, ik zeg wel we kunnen maar het kan net zo goed weer spaak lopen. Gisteren werd ook bekend gemaakt dat er 787.000 Amerikanen een uitkering hebben aangevraagd, dat is minder dan de week ervoor en voor het eerst sinds de start van de crisis onder de 800.000. Nogmaals, er speelt vee waardoor we voorzichtig moeten blijven, ook al lijkt het erop dat je veel kunt pakken in deze markt.

Binnen de Dow Jones zien we dat olie bedrijf Chevron sterk voor de dag kwam, ook de banken hadden een goeie dag gisteren. Verder reageerde Coca-Cola(+1,3%) goed op de kwartaalcijfers, Tesla won amper de dag nadat het bedrijf met cijfers kwam, het aandeel sloot 0,75% hoger. Wat betreft de AEX waar Unilever met cijfers kwam zien we een verlies, het aandeel Unilever bleef nagenoeg onveranderd na de cijfers, wel zien we dat AKZO ruim 2% moet inleveren, ook ASML verloor 1,3%, Shell won door de berichten uit de oliesector 1%.

50- en 20-daags gemiddelde
We zien op Wall Street dat de indices nu hun 50- en 20-daags gemiddelde hebben aangetikt gisteren hetgeen voor steun ofwel voor een rebound kan zorgen hetgeen er al gebeurde gisteren richting het slot. Wat betreft Europa zien we dat nu ook de AEX onder die 2 belangrijke gemiddelden zakt hetgeen dan weer niet goed is. Let dus goed op deze belangrijke steunzone de komende dagen want al een paar keer wist de markt stevig te herstellen na een test van deze niveaus. Ik zeg absoluut niet dat het nu weer zo gaat zijn maar bij een positief nieuwsfeit kan de markt zich weer losmaken van dat 50- en 20-MA. Aan de andere kant is het ook zo dat als de indices er duidelijk onder duiken het net zo goed verder omlaag kan, zie maar de AEX en de DAX momenteel ...

De euro zakt wat terug tot 1,179 dollar, de olie (Brent) herpakt zich wat tot rond de 42,25 dollar. De prijs van het goud zien we vanmorgen rond de 1905 dollar voor een troy ounce.

US Markets Trading nu voor €39 tot 1 JANUARI 2021:
Maak gebruik van de nieuwe aanbieding die loopt tot het einde van dit beursjaar, ofwel tot 1 januari 2021 ... We hebben gisteren winst genomen op de lopende posities en staan in ieder geval voor deze maand oktober in de plus bij alle abonnementen. Vandaag bekijk ik de markt of er weer mogelijkheden komen om een nieuwe positie op te nemen die u dan kunt opnemen door lid te worden.

De markt blijft wel nog wat te moeilijk om met grotere posities te werken dus blijf ik het met kleine aantallen doen tot na de verkiezingen in de VS. De volatiliteit is wel stevig genoeg om ook met kleine posities te werken hetgeen we aan beide kanten merken. Op zich kunnen we ermee overweg maar wel blijf ik zeer alert in deze markt en moeten we waar het kan geduld blijven houden.

Meedoen kan nu via de speciale aanbieding tot 1 JANUARI voor €39, na uw inschrijving staat u meteen op de verzendlijst en ontvangt u de updates, de signalen en kunt u inloggen op onze Tradershop om alle posities LIVE te volgen.

Schrijf u in via https://www.usmarkets.nl/tradershop

Tot snel,

Guy Boscart

GLOBAL TOP NEWS
U.S. President Donald Trump and Democratic challenger Joe Biden offered sharply contrasting views on the still-raging coronavirus pandemic at Thursday's final presidential debate, seeking to persuade the few remaining undecided voters 12 days before the Nov. 3 election.

Britain and Japan formally signed a trade agreement, marking the UK's first big post-Brexit deal on trade, as it continues to struggle to agree on a deal with its closest trading partners in the European Union.​

U.S. House Speaker Nancy Pelosi on Thursday said negotiators were making progress in talks with the White House for another round of COVID-19 stimulus, but Senate Republicans remained skeptical of a possible deal costing trillions of dollars.


EUROPEAN COMPANY NEWS
Airbus has asked suppliers to be ready to support a conditional 18% increase in production of its best-selling single-aisle A320 jet family once demand recovers from the coronavirus crisis, the European planemaker said.

The French government asked power group Engie to hold off on signing a multibillion-dollar U.S. liquefied natural gas import contract on concerns over the deal's environmental implications, a source familiar with the matter said.

Unilever held back from celebrating a much stronger-than-expected return to sales growth in the third quarter on Thursday, as the CEO said the outlook remained "highly unpredictable".


TODAY'S COMPANY ANNOUNCEMENTS
Abb Ltd Q3 2020 Earnings Call
AcadeMedia AB Q1 2021 Earnings Call
Addtech AB Q2 2021 Earnings Release
AF Poyry AB Q3 2020 Earnings Call
Airtel Africa PLC HY 2021 Earnings Call
Asetek A/S Q3 2020 Earnings Call
Attendo AB (publ) Q3 2020 Earnings Release
Autoliv Inc Q3 2020 Earnings Release
Barclays PLC Q3 2020 Earnings Release
Betsson AB Q3 2020 Earnings Release
Biogaia AB Q3 2020 Earnings Release
Bonava AB (publ) Q3 2020 Earnings Release
Bonheur ASA Q3 2020 Earnings Call
CellaVision AB Q3 2020 Earnings Call
Collagen Solutions PLC Annual Shareholders Meeting
Daimler AG Q3 2020 Earnings Call
Dios Fastigheter AB Nine Months 2020 Earnings Call
Dometic Group AB (publ) Q3 2020 Earnings Release
Doro AB Q3 2020 Earnings Call
Edgeware AB (publ) Q3 2020 Earnings Call
Elanders AB Q3 2020 Earnings Release
Electrolux AB Q3 2020 Earnings Release
Epiroc AB Q3 2020 Earnings Call
Eurasia Groupe SA Annual Shareholders Meeting
Hexpol AB Q3 2020 Earnings Release
HMS Networks AB Q3 2020 Earnings Release
ICA Gruppen AB Q3 2020 Earnings Call
Intrum AB Q3 2020 Earnings Call
Lindab International AB Q3 2020 Earnings Release
Momentum Group AB Q2 2021 Earnings Call
Nederman Holding AB Q3 2020 Earnings Call
Nolato AB Q3 2020 Earnings Release
Nordea Bank Abp Q3 2020 Earnings Call
Norsk Hydro ASA Q3 2020 Earnings Call
Orange Belgium SA Q3 2020 Earnings Call
Oriola Oyj Q3 2020 Earnings Release
Pandox AB Q3 2020 Earnings Call
Polight ASA Q3 2020 Earnings Call
Proact IT Group AB Q3 2020 Earnings Release
Signify NV Q3 2020 Earnings Call
Sino German United AG Annual Shareholders Meeting
Sogefi SpA Nine Months 2020 Earnings Call
Sparebank 1 Nord-Norge Q3 2020 Earnings Release
Steam France SA Shareholders Meeting
Thule Group AB Q3 2020 Earnings Release
Topdanmark A/S Q3 2020 Earnings Release
Tufton Oceanic Assets Ltd Annual Shareholders Meeting
United Labels AG Annual Shareholders Meeting
Verkkokauppa.com Oyj Q3 2020 Earnings Call
VNV Global AB (publ) Q3 2020 Earnings Call
Wartsila Oyj Abp Q3 2020 Earnings Release
Wihlborgs Fastigheter AB Q3 2020 Earnings Release
Xvivo Perfusion AB Q3 2020 Earnings Call


ECONOMIC EVENTS (All times GMT)
0600 (approx.) United Kingdom retail sales mm for Sep: Expected 0.4%; Prior 0.8%
0600 (approx.) United Kingdom retail sales ex-fuel mm for Sep: Expected 0.5%; Prior 0.6%
0600 (approx.) United Kingdom retail sales yy for Sep: Expected 3.7%; Prior 2.8%
0600 (approx.) United Kingdom retail sales ex-fuel yy for Sep; Expected 5.0%; Prior 4.3%
0700 (approx.) Spain overnight stays for Sep: Prior 1,68,02,742
0700 (approx.) Austria industrial production yy for Aug: Prior -4.4%
0715 France Markit Manufacturing Flash PMI for Oct: Expected 51.0; Prior 51.2
0715 France Markit Services Flash PMI for Oct: Expected 46.8; Prior 47.5
0715 France Markit Composite Flash PMI for Oct: Expected 48.0; Prior 48.5
0730 Germany Markit Manufacturing Flash PMI for Oct: Expected 55.1; Prior 56.4
0730 Germany Markit Service Flash PMI for Oct: Expected 49.2; Prior 50.6
0730 Germany Markit Composite Flash PMI for Oct: Expected 53.2; Prior 54.7
0730 Sweden PPI mm for Sep: Prior -0.2%
0730 Sweden PPI yy for Sep: Prior -4.6%
0800 Euro Zone Markit Manufacturing Flash PMI for Oct: Expected 53.1; Prior 53.7
0800 Euro Zone Markit Services Flash PMI for Oct: Expected 47.0; Prior 48.0
0800 Euro Zone Markit Composite Flash PMI for Oct: Expected 49.3; Prior 50.4
0830 United Kingdom Flash Composite PMI for Oct: Expected 53.9; Prior 56.5
0830 United Kingdom Flash Manufacturing PMI for Oct: Expected 53.1; Prior 54.1
0830 United Kingdom Flash Services PMI for Oct: Expected 54.0; Prior 56.1
1000 United Kingdom labour productivity for Q2: Prior -0.6%
1300 Belgium leading indicator for Oct: Expected -11.5; Prior -10.8