Liveblog Archief vrijdag 24 juli 2020

TOP NEWS
• China orders U.S. to shut Chengdu consulate, retaliating for Houston
China ordered the United States to close its consulate in the city of Chengdu, responding to a U.S. demand this week that China close its Houston consulate, as relations between the world's two largest economies deteriorate.
• Goldman Sachs, Malaysia agree to $3.9 billion settlement over 1MDB
Malaysia said Goldman Sachs has agreed to a $3.9 billion settlement with the government over the multi-billion dollar 1MDB scandal.​
• Big tech antitrust probe report from Congress likely by early fall
A much-anticipated deep dive into antitrust allegations against four of America's largest tech companies and recommendations on how to tame their market power could be released by late summer or early fall from the House of Representatives Judiciary Committee's antitrust panel, senior committee aides said.
• Airbus offers subsidy concession to end U.S. tariffs
Europe's Airbus said it was amending French and Spanish government loans in a "final" bid to reverse U.S. tariffs and jog the United States into settling a 16-year-old dispute over billions of dollars of aircraft subsidies.
• Huawei lawyers claim Trump created "ominous" climate for extradition of CFO Meng to U.S.-documents
Lawyers for Meng Wanzhou, the chief financial officer of Huawei, have applied to a Canadian court seeking stays in the proceedings for her extradition to the United States, documents released on Thursday showed.​


BEFORE THE BELL
U.S. stock index futures slipped, tracking global shares, after China ordered the United States to close its consulate in Chengdu, which escalated tensions between the world's two largest economies. The Japanese yen rose against the dollar and spot gold rose due to their safe-haven appeal. Oil prices edged up. The Purchasing Managers' Index (PMI) readings for July are on the economic radar.​


STOCKS TO WATCH
Results
• Equinor ASA (EQNR). The energy firm reported a sharp drop in second-quarter operating profit that beat analysts' estimates, as strong performance by its refinery and trading unit countered impact of a coronavirus-led slump in oil and gas prices. The Norwegian oil and gas explorer posted an 89% slump in its adjusted earnings before interest and tax (EBIT) to $0.35 billion in the April-June quarter, compared with $3.15 billion in the year-ago period. Equinor maintained a quarterly dividend of $0.09 per share. The company reiterated its goal of increasing output by 3% per year from 2019 to 2026, and kept capital spending plans for this year unchanged at $8.5 billion.
• Intel Corp (INTC). The company said on Thursday its new 7-nanometer chip technology was six months behind schedule and it would consider farming out more work to outside semiconductor foundries, eroding a founding principle that manufacturing is key to its success. The company estimated third-quarter revenue of about $18.2 billion on adjusted earnings of $1.10 per share, compared with analysts' average forecast of $17.9 billion and $1.14 per share. It updated its full-year 2020 revenue guidance to $75 billion versus analysts' consensus estimate of $73.86 billion. For the second quarter ended in June, Intel said overall revenue and adjusted profits were $19.73 billion and $1.23 per share, compared with analysts' estimates of $18.55 billion and $1.11 per share.
• Mattel Inc (MAT). The toymaker beat quarterly sales expectations on Thursday, as its North Americans customers splurged on Barbie dolls and Uno playing cards to keep their kids entertained during coronavirus-induced lockdowns. Mattel's net sales fell nearly 15% to $732.1 million, as the economic fallout of the health crisis hammered demand in overseas markets. That still beat analysts' average estimate of $678.5 million. Net loss widened to $109.2 million in the quarter ended June 30, from $108 million a year earlier. Overall gross Barbie sales increased 7% to $199.3 million in the second quarter.
• Pearson PLC (PSO). The British education company said it has seen a rebound in demand since June and remains on track to hit its targets this year despite a loss in the first half. Pearson reported a loss of 23 million pounds for the first half to June 30 versus a profit of 144 million a year earlier. Analysts forecast an annual adjusted operating profit of 332 million pounds on revenue of 3.46 billion. Chairman Sidney Taurel also said the search for a replacement for CEO John Fallon, who is set to retire this year, was "well advanced".


In Other News
• Alibaba Group Holding Ltd (BABA). China's Alibaba is seizing on a new business opportunity thrown up by the novel coronavirus: helping foreign universities skirt China's stringent internet controls to keep classes going for their mainland Chinese students. Many Chinese students returned home after the virus prompted campuses to shut and have difficulty watching live-streamed tutorials or accessing class materials due to the so-called Great Firewall. University associations told Reuters that, soon after the virus started spreading globally, Alibaba's cloud division met with member institutions and pitched access to a network that could be established within 48 hours and act as a bridge between universities' portals and mainland Chinese students.
• AstraZeneca PLC (AZN). The U.S. Food and Drug Administration approved AstraZeneca's drug to treat patients with a form of lung disease, the British drugmaker said. The drug Breztri Aerosphere is being approved as a maintenance treatment for patients with chronic obstructive pulmonary disease (COPD), the third leading cause of death globally, AstraZeneca said. Breztri Aerosphere, which is a three-drug inhaler, is already approved in Japan and China for patients with COPD and is under regulatory review in the European Union, AstraZeneca said.
• Citigroup Inc (C). Australian investigators who brought criminal cartel charges against Citigroup and Deutsche Bank "pre-populated" a witness statement with incriminating claims before interviewing the person who ultimately signed off on them, a court heard. Investigators wrote a statement which appeared to show a rival banker's concern about "inappropriate" co-ordination between the companies while they were working on a stock issue, then interviewed the witness and the passages re-appeared the witness's final signed statement, the court heard.
• Comcast Corp (CMCSA). UK media company Sky, a unit of Comcast, said it will partner with TV measurement firm TVSquared to allow advertisers to track whether their ads lead to sales and website visits, in an effort to retain advertising dollars during a coronavirus-inspired slump. Sky and TVSquared said the partnership will let Sky's advertisers track in real-time whether their traditional TV and streaming video ads are attracting consumers' interest and therefore leading to more traffic on their websites. Previously, advertisers might wait weeks to see reports about how their commercials performed, said Calum Smeaton, chief executive of TVSquared.
• Goldman Sachs Group Inc (GS). Malaysia said the investment bank has agreed to a $3.9 billion settlement with the government over the multi-billion dollar 1MDB scandal. The deal includes a $2.5 billion cash payout by Goldman and a guarantee by the bank to return at least $1.4 billion in assets linked to 1MDB bonds, Malaysia's finance ministry said in a statement. The units of Goldman Sachs have pleaded not guilty to the charges. The U.S. Department of Justice has said around $4.5 billion was misappropriated from 1MDB.
• Taro Pharmaceutical Industries Ltd (TARO). The pharmaceutical company agreed to pay more than $200 million to settle allegations that it conspired to fix the prices of generic drugs, the Justice Department said on Thursday. Under the terms of a three-year deferred prosecution agreement, Taro will pay $205.7 million and agreed to cooperate in the department's ongoing investigation, the Justice Department said. Taro and other companies fixed prices and rigged bids for medications used to prevent and control seizures and treat bipolar disorder, pain and arthritis, and various skin conditions, the Justice Department said.
• Walt Disney Co (DIS) & ViacomCBS Inc (VIACA). Disney on Thursday postponed the debut of its movie "Mulan" indefinitely, dealing a new blow to theater operators that were counting on the live-action epic to help attract audiences during a pandemic. Paramount Pictures also said "Top Gun: Maverick", the much-awaited sequel to the Tom Cruise-starring "Top Gun", has been delayed to July 2, 2021 from December 23, 2020. Disney also said it had delayed the next film installments from two of its biggest franchises, "Avatar" and "Star Wars," by one year as the novel coronavirus has disrupted production.


FOCUS
U.S. insurers explore officer coverage as police reform debate rages
U.S. insurers and brokers are starting to craft professional liability coverage for police officers, spurred on by signs that policymakers in some cities and states want to use a financial stick to curb police misconduct.


ANALYSTS' RECOMMENDATION
• Dow Inc (DOW). Scotiabank raises target price to $40 from $37, reflecting on partial recovery of oil.
• Intel Corp (INTC). Credit Suisse cuts target price to $70 from $75, after the company reported lower EPS in the second-quarter.
• Pultegroup Inc (PHM). RBC raises target price to $44 from $39, citing the company's stronger than expected orders and margins for the second-quarter.
• Twitter Inc (TWTR). JPMorgan raises target price to $39 from $33, citing strong user growth and improved ad engagements.
• Xerox Holdings Corp (XRX). JPMorgan cuts price target to $20 from $23, expecting the company's sales to be down for the second-quarter. ​


ECONOMIC EVENTS (All timings in U.S. Eastern Time)
0800 (approx.) Building permits number for Jun: Prior 1.241 mln
0945 Markit Composite Flash PMI for Jul: Prior 47.9
0945 Markit Manufacturing PMI Flash for Jul: Expected 51.5; Prior 49.8
0945 Markit Services PMI Flash for Jul: Expected 51.0; Prior 47.9
1000 New home sales-units for Jun: Expected 0.700 mln; Prior 0.676 mln
1000 New home sales change mm for Jun: Expected 4.0%; Prior 16.6%


COMPANIES REPORTING RESULTS
Nextera Energy Inc (NEE). Expected Q2 earnings of $2.52 per share
Verizon Communications Inc (VZ). Expected Q2 earnings of $1.15 per share


CORPORATE EVENTS (All timings in U.S. Eastern Time)
0830 American Express Co (AXP). Q2 earnings conference call
0830 Honeywell International Inc (HON). Q2 earnings conference call
0830 Schlumberger NV (SLB). Q2 earnings conference call
0830 Verizon Communications Inc (VZ). Q2 earnings conference call
0900 Nextera Energy Inc (NEE). Q2 earnings conference call
0930 Gentex Corp (GNTX). Q2 earnings conference call
1000 FirstEnergy Corp (FE). Q2 earnings conference call
1000 Southern Copper Corp (SCCO). Annual Shareholders Meeting
1030 IDEX Corp (IEX). Q2 earnings conference call


EXDIVIDENDS
Bank of New York Mellon Corp (BK). Amount $0.31
Celanese Corp (CE). Amount $0.62
Marsh & McLennan Companies Inc (MMC). Amount $0.46

Goedemorgen
We merken dat de tech aandelen voor een 2e keer binnen pakweg 2 weken met een grotere terugval komen die de technologie indices behoorlijk wat lager zetten. De Nasdaq 100 verloor voor de 3e dag op rij en ziet er technisch plots heel wat minder goed uit, de indicatoren draaien naar negatief terwijl het 20-MA al voor de 2e keer wordt aangetikt na een herstel wat er vorige week en maandag op volgde. Als de daling door weet te zetten dan kan er een snelle test komen van het 50-MA dat rond de 9900 punten uitkomt, nogmaals daarbij zijn de indicatoren aan het verzwakken en dan heb ik het vooral over de RSI en de MACD die in de negatieve zone terecht komen nu. Kortom, het technologie feest lijkt aan het einde te komen deze keer, wel moeten we de komende sessies nog wel de bevestiging daarover zien te krijgen.

Verder zien we dat de Dow Jones 350 punten moest inleveren, de S&P 500 verloor gisteren ook 40 punten. De Dow Jones Transport beperkte het verlies tot 33 punten zodat het deze sector werd die er wat beter vanaf kwam gisteren. Maar wat ik wel heb gemist is duidelijke sector rotatie, in ieder geval niet zoals we gewend waren de afgelopen weken. Dat gaf ik al enkele keren aan de afgelopen periode, sector sprongen geven aan dat beleggers het niet meer weten en dus naar alternatieven zoeken ofwel naar aandelen die achterbleven uit zwaarder getroffen sectoren. Dat kan bij de Dow aandelen die meer defensief overkomen zijn maar ook richting de Transport en de nog altijd wat achterblijvende small-cap index.

Europa daarentegen presteerde nog redelijk gisteren met de AEX in de plus door Unilever, het aandeel sprong er goed uit na de cijfers en won 8%. De rest deed niet zoveel maar nabeurs moest ook de AEX inleveren door de daling van Wall Street later op de avond. We zien dat de AEX vanmorgen zo'n 4 tot 5 punten lager kan openen, dan zal de 568 en de 562 moeten worden verdedigd als steun en of dat ook deze keer zal lukken valt nog af te wachten.

De futures overnight in de VS staan nog een stapje lager vanmorgen, ook Azië laat behoorlijk wat liggen vanmorgen met de HangSeng dat 2,6% lager staat terwijl nu ook de Shanghai index uit China meer dan 3% inlevert vanmorgen. De spanningen tussen de VS en China lopen weer behoorlijk op, Trump stuurde eerder enkele Chinezen terug en vanmorgen deed China hetzelfde met Amerikaanse ambtenaren die het land uit moeten. Kortom, Trump zet in op weer eens een confrontatie met China, het land dat de VS economisch teveel in de weg zit ...

We gaan zien hoe de dag verloopt, de posities die nu lopen doen het goed, ik heb wel wat moeten schakelen begin deze week maar op zich was dat geen slechte keuze. In deze markt moet je ruim blijven dekken met de stoploss van het product waar je mee werkt en bij ons is dat met Boosters of Turbo's van BNP Paribas. De leden die volgen en vooral blijven volgen zullen wel weer op het goeie en winstgevende spoor geraken, daar ben ik niet bang voor. Het duurde even voor ik wat meer grip krijg op de markt maar zo te zien kunnen we na de dubbele TOP bij de Nasdaq nu meer correctie verwachten. Daar zal ik op anticiperen, of beter daar zijn we dus al mee aan de gang. Ook op de AEX en de DAX kunt u nog mee met posities, het wordt nu de tijd om te oogsten. Daar ga ik vanuit in ieder geval. Bij Trading moet je af en toe geduld opbrengen en soms een mindere periode overbruggen maar vergeet niet dat er bij mijn signalen en coaching ook periodes komen die langdurig goed scoren. Ik voel dat er weer zo'n periode aan zit te komen.

Wordt dus lid tot 1 OKTOBER voor €39, dan staat u op de lijst en ontvangt u de signalen, de coaching en de updates ...

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

Tot later ... Guy

GLOBAL TOP NEWS
U.S. Secretary of State Mike Pompeo took fresh aim at China and said Washington and its allies must use "more creative and assertive ways" to press the Chinese Communist Party to change its ways, calling it the "mission of our time."

More than a thousand Twitter employees and contractors as of earlier this year had access to internal tools that could change user account settings and hand control to others, two former employees said, making it hard to defend against the hacking that occurred last week.

The United States recorded more than 1,100 deaths from COVID-19, marking the third straight day the nation passed that grim milestone as the pandemic escalates in southern and western U.S. states.


EUROPEAN COMPANY NEWS
Second-quarter sales at Unilever fell much less than expected as a pick up in eating at home during coronavirus lockdowns boosted demand for products such as Hellmann's mayonnaise and Breyers ice cream.

Britain's Rolls-Royce was still considering all options for bolstering its balance sheet in the wake of the pandemic, CEO Warren East said, as he highlighted progress on new technologies to drive future growth.

TCI Fund Management, an investor in Italian infrastructure group Atlantia, accused Rome of an "illegitimate expropriation" of Atlantia's motorways unit Autostrade per l'Italia.


TODAY'S COMPANY ANNOUNCEMENTS
Aberdeen Japan Investment Trust PLC Annual Shareholders Meeting
Airtel Africa PLC Q1 2021 Earnings Call
Almirall SA Annual Shareholders Meeting
Arkle Resources PLC Annual Shareholders Meeting
Ascent Resources PLC Annual Shareholders Meeting
Bahamas Petroleum Company PLC Annual Shareholders Meeting
Cavotec SA HY 2020 Earnings Call
Equinor ASA Q2 2020 Earnings Call
Euskaltel SA Q2 2020 Earnings Call
Finnair Plc Q2 2020 Earnings Call
Gecina SA HY 2020 Earnings Call
Genomic Vision SA Annual Shareholders Meeting
Great Portland Estates PLC Annual Shareholders Meeting
Hexagon AB Q2 2020 Earnings Release
Kambi Group PLC Q2 2020 Earnings Call
Kindred Group PLC Q2 2020 Earnings Call
Kingfisher PLC Annual Shareholders Meeting
Knot Offshore Partners LP Annual Shareholders Meeting
Lonza Group AG HY 2020 Earnings Call
Mapfre SA HY 2020 Earnings Release
Medicover AB Q2 2020 Earnings Release
NCAB Group AB (publ) Q2 2020 Earnings Call
Nordic Waterproofing Holding A/S HY 2020 Earnings Call
Nostra Terra Oil and Gas Company PLC Annual Shareholders Meeting
Orange Belgium SA Q2 2020 Earnings Call
PayPoint plc Annual Shareholders Meeting
Petrel Resources PLC Annual Shareholders Meeting
Pharol SGPS SA HY 2020 Earnings Release
Remote Monitored Systems PLC Annual Shareholders Meeting
Safe Orthopaedics SA Annual Shareholders Meeting
Sanoma Oyj Q2 2020 Earnings Call
Schindler Holding AG HY 2020 Earnings Call
Signify NV Q2 2020 Earnings Call
Solocal Group SA Annual Shareholders Meeting
Sulzer AG HY 2020 Earnings Call
Surface Transforms PLC Annual Shareholders Meeting
Thales SA HY 2020 Earnings Call
Thespac SpA Shareholders Meeting
TietoEVRY Corp Q2 2020 Earnings Call
Tikkurila Oyj HY 2020 Earnings Release
United Utilities Group PLC Annual Shareholders Meeting
Verkkokauppa.com Oyj Q2 2020 Earnings Call
Vidrala SA HY 2020 Earnings Call
Zumtobel Group AG Annual Shareholders Meeting​


ECONOMIC EVENTS (All times GMT)
0600 (approx.) United Kingdom Retail Sales mm for Jun: Expected 8.0%; Prior 12.0%
0600 (approx.) United Kingdom Retail Sales Ex-Fuel mm for Jun: Expected 7.5%; Prior 10.2%
0600 (approx.) United Kingdom Retail Sales yy for Jun: Expected -6.4%; Prior -13.1%
0600 (approx.) United Kingdom Retail Sales Ex-Fuel yy for Jun: Expected -3.7%; Prior -9.8%
0700 (approx.) Austria Industrial Production yy for May: Prior -21.4%
0715 France Markit Manufacturing Flash PMI for Jul: Expected 53.2; Prior 52.3
0715 France Markit Service Flash PMI for Jul: Expected 52.3; Prior 50.7
0715 France Markit Composite Flash PMI for Jul: Expected 53.5; Prior 51.7
0730 Germany Markit Manufacturing Flash PMI for Jul: Expected 48.0; Prior 45.2
0730 Germany Markit Service Flash PMI for Jul: Expected 50.5; Prior 47.3
0730 Germany Markit Composite Flash PMI for Jul: Expected 50.3; Prior 47.0
0730 Sweden PPI mm for Jun: Prior -0.9%
0730 Sweden PPI yy for Jun: Prior -3.8%
0800 Italy Manufacturing Business Confidence for Jul: Expected 85.5; Prior 79.8
0800 Italy Consumer Confidence for Jul: Expected 103.8; Prior 100.6
0800 Euro Zone Markit Manufacturing Flash PMI for Jul: Expected 50.0; Prior 47.4
0800 Euro Zone Markit Service Flash PMI for Jul: Expected 51.0; Prior 48.3
0800 Euro Zone Markit Composite Flash PMI for Jul: Expected 51.1; Prior 48.5
0830 United Kingdom Flash Composite PMI for Jul: Expected 51.1; Prior 47.7
0830 United Kingdom Flash Manufacturing PMI for Jul: Expected 52.0; Prior 50.1
0830 United Kingdom Flash Services PMI for Jul: Expected 51.5; Prior 47.1
0900 (approx.) Italy Flash Trade Balance Non-EU for Jun: Prior 4.15 bln EUR
1300 Belgium Leading Indicator for Jul: Expected -14.0; Prior -22.9