Liveblog Archief woensdag 11 november 2020

TOP NEWS
• EU seals deal with Pfizer-BioNTech for supply of 300 million doses of COVID vaccine
The European Commission said it had sealed a deal with Pfizer and BioNTech for the supply of up to 300 million doses of their COVID-19 vaccine candidate.

• Biden plans move into White House as Trump clings to hope
U.S. President-elect Joe Biden will further lay the groundwork for his new administration as President Donald Trump pursues a flurry of lawsuits challenging the election results in an effort to cling to power.

• Amazon accuses India's Future of insider trading as it seeks to block Reliance deal
Amazon.com has asked India's market regulator to investigate Future Retail for insider trading, a letter seen by Reuters showed, as it seeks to prevent its business partner from becoming part of rival Reliance's empire.

• Global regulators ease capital burden on JPMorgan
JPMorgan is no longer the world's most systemically-important bank, according to rankings for additional capital requirements published by the Financial Stability Board.

• Russia says its Sputnik V COVID-19 vaccine is 92% effective
Russia's Sputnik V vaccine is 92% effective at protecting people from COVID-19 according to interim trial results, the country's sovereign wealth fund said, as Moscow rushes to keep pace with Western drugmakers in the race for a shot.


BEFORE THE BELL
Wall Street futures were higher, mirroring global share markets, as optimism around a COVID-19 vaccine offset concerns about the economic damage from surging infections. Japan’s Nikkei jumped to close at a fresh 29-year peak. A stronger dollar weighed on gold prices. Brent oil touched a more than two-month high, supported by an industry report that showed U.S. crude inventories fell more than expected.


STOCKS TO WATCH

Results
• Lyft Inc (LYFT). The company said on Tuesday it was working on a new service to take a slice of the burgeoning food-delivery market as it works to make up for a 48% drop in quarterly revenue and a slow recovery of ride-hail demand. While much of Lyft's recovery depends on the containment of the novel coronavirus, executives said stringent budgeting and cost cuts meant Lyft would still achieve profitability on an adjusted basis by the end of 2021. They said it would hit the profitability goal even if ride bookings remained 5% to 10% below pre-pandemic levels. Lyft's third-quarter revenue fell to $499.7 million, surpassing average analyst expectations of $486.5 million, according to Refinitiv data. Lyft on Tuesday said demand for rides continued to increase in the months from July to September, despite varying significantly between U.S. cities. Active ridership remained down 44% on a yearly basis. Lyft on Tuesday said it expected ridership in the fourth quarter to increase by 800,000 to 1 million and revenue growth of 11% to 15%. Lyft reported a third-quarter adjusted EBITDA loss of $239.7 million, narrower than the $254.1 million loss expected by analysts.

• Tencent Music Entertainment Group (TME). The company reported on Tuesday a better-than-expected quarterly revenue as it added more paying users to its music streaming service, at a time when people are largely homebound due to the COVID-19 pandemic. While its revenue rose to 7.58 billion yuan in the third quarter ended Sept. 30 from 6.51 billion yuan last year, paid subscribers in the company's online music service jumped 46% to 51.7 million. The company's Chief Strategy Officer Tony Yip said the retention rate of paying users continues to improve, and Tencent Music was using bundled discounts and promotions to capture long-term subscribers and "lock them in". Excluding items, the company earned 0.80 yuan per American Depository Share, above estimates of 0.71 yuan per ADS. Analysts had expected revenue of 7.47 billion yuan.

Deals Of The Day
• Apollo Global Management Inc (APO). Great Canadian Gaming said on Tuesday that Apollo would acquire the company for about C$2.16 billion through funds managed by its affiliates. Apollo's offer of C$39 per share is at a premium of about 34.9% as of Tuesday's close, with a total enterprise valuation of more than C$3.3 billion. The deal, which is expected to close in the second quarter of 2021, has been approved unanimously by Great Canadian's board, the Ontario-based company said in a statement. Scotiabank is the lead financial adviser to Great Canadian, with CIBC World Markets Inc serving as financial adviser to its special committee. Macquarie Capital acted as lead financial adviser to Apollo, with Deutsche Bank Securities and Barclays also advising the private equity firm on the deal.

In Other News
• Alibaba Group Holding Ltd (BABA). The company said orders on its e-commerce platforms during the Singles' Day shopping extravaganza had exceeded $56 billion by Wednesday morning, as lockdown-weary consumers splashed out on as many as 16 million discounted goods. The world's biggest sales event - eclipsing Black Friday and Cyber Monday in the United States - spans four main days this year, and so far has brought sellers 16 times as many orders by value than Amazon.com's two-day global Prime Day last month. Over 340 firms, including Apple, L'Oreal and Huawei, have exceeded 100 million yuan in sales, with 13 brands recording GMV above 1 billion yuan, Alibaba said.

• Amazon.com Inc (AMZN). The company has asked India's market regulator to investigate Future Retail for insider trading, a letter seen by Reuters showed, as it seeks to prevent its business partner from becoming part of rival Reliance's empire. The Nov. 8 letter to SEBI alleges Future Retail disclosed to Reliance price sensitive details of an injunction granted by a Singapore arbitrator to block the deal. Ambani's group "was not a party to the arbitration proceedings ... and could have received details related thereto only from FRL (Future Retail) or its Promoters," said the letter. A spokesman for Future Group said in a statement to Reuters it denies the allegations made in the letter and that news of the injunction was in the public domain from Sunday.

• Amgen Inc (AMGN) & AstraZeneca Plc (AZN). The drugmakers said on Tuesday a pivotal trial found that their experimental medication tezepelumab significantly reduced asthma attacks for people with severe forms of the respiratory condition compared to a placebo. The partners said that the year-long trial met its primary goal in patients with severe asthma who were also receiving standard care, including medium- or high-dose inhaled corticosteroids plus at least one other controller medication. The drug was also shown to work in a subgroup of patients with low levels of a type of white blood cell, called eosinophil, associated with swelling and narrowing of airways, the drugmakers said in a press release. Full results from the trial will be presented at an upcoming medical meeting, Amgen said in a statement.

• BrightSphere Investment Group (BSIG). The company is exploring a sale of its majority stake in Landmark Partners, a private equity fund investment firm that could be worth around $1 billion, people familiar with the matter said on Tuesday. BrightSphere has hired a financial adviser to work on a sale process for its 60% stake in Landmark, which specializes in buying and selling stakes in private equity and real estate funds, the sources said, cautioning that no deal is certain. The remaining 40% stake in Landmark is owned by its management. BrightSphere also held informal talks with interested parties in the summer about selling its quant manager Acadian, but it did not pursue a deal, the sources said.

• JPMorgan Chase & Co (JPM). The bank is no longer the world's most systemically-important bank, according to rankings for additional capital requirements published by the Financial Stability Board. JPMorgan had been alone in having to hold extra capital equivalent to 2.5% of its assets on a risk-weighted basis out of the 30 top banks listed by the FSB, which coordinates financial rules for the Group of 20 Economies (G20). JPMorgan has joined Citigroup and HSBC in the next "bucket" down that requires 2% in extra capital, the FSB said in the annual review of its list. Goldman Sachs and Wells Fargo have dropped from 1.5% to the lowest bucket at 1% applied to 19 of the 30 lenders.

• Pfizer Inc (PFE) & BioNTech SE (BNTX). The European Commission said it had sealed a deal with the drugmakers for the supply of up to 300 million doses of their COVID-19 vaccine candidate. "I'm very happy to announce today's agreement with the European company BioNTech and Pfizer to purchase 300 million doses of the vaccine," the President of the European Commission Ursula von der Leyen said. Under the EU deal, the 27 EU countries could buy 200 million doses, and have an option to purchase another 100 million. The purchases could take place only after the vaccine is authorized as effective and safe by the EU drug regulator.


COLUMN
Beware of whiplash in 'normality trade' :Mike Dolan
For a couple of days at least, there's been a craving for the 'old normal'. But the past is never quite what it seemed. The mere glimpse of economic and political 'normality' returning with this week's U.S. election results and COVID-19 vaccine breakthrough prompted a scramble for burnt-out 'value' stocks, bonds and currencies and away from lockdown winners, safe-havens and anti-globalisation plays.


ANALYSTS' RECOMMENDATION
• Motorola Solutions Inc (MSI). Credit Suisse raises price target to $202 from $181, noting the potential for growth for its products and software & services segments while also highlighting the company's command center offerings which continue to have strong uptake in North America.

• Dolby Laboratories Inc (DLB). JPMorgan raises price target to $78 from $74, citing a solid outlook for the fourth quarter as consumer demand comes in better than feared and guidance sees momentum extending into the holiday season.

• Hershey Co (HSY). RBC raises price target to $149 from $142, following positive third-quarter results that saw organic sales rise and Halloween net sales slightly higher than expectations with additional evidence of more sophisticated capabilities.

• Spirit Aerosystems Holdings Inc (SPR). Berenberg raises price target to $30 from $25, highlighting the company's strong run of late, driven by positive vaccine news, progress towards the imminent ungrounding of the Boeing 737 MAX, and the completion of the Bombardier asset acquisition.

• Lyft Inc (LYFT). Atlantic Equities raises price target to $44 from $40, following third-quarter earnings that came in modestly ahead of estimates while management noted profitability can now be achieved in the fourth quarter of 2021.


ECONOMIC EVENTS (All timings in U.S. Eastern Time)
1100 Refinitiv IPSOS PCSI for Nov: Prior 52.64


COMPANIES REPORTING RESULTS
Atmos Energy Corp (ATO). Expected Q4 earnings of 51 cents per share


CORPORATE EVENTS (All timings in U.S. Eastern Time)
0800 Royalty Pharma PLC (RPRX). Q3 earnings conference call
0900 Ashland Global Holdings Inc. (ASH). Q4 earnings conference call
1000 Air Products and Chemicals Inc (APD). Q4 earnings conference call
1000 Automatic Data Processing Inc (ADP). Annual Shareholders Meeting
1300 Lancaster Colony Corp (LANC). Annual Shareholders Meeting
1700 Reynolds Consumer Products Inc (REYN). Q3 earnings conference call
1700 Vroom Inc (VRM). Q3 earnings conference call

Goedemorgen
We zien momenteel een grote switch van de tech naar de traditionele sectoren zoals banen, energie, reizen, industrie en pharma. Op de economie gerelateerde sectoren omdat er een vaccin is, al blijven de aandelen natuurlijk veel te duur op Wall Street want elke index staat nu hoger dan voor de pandemie begon terwijl we met de economie nog mijlen ver achter liggen. Verder zien we nog steeds een record aantal coronabesmettingen in de Verenigde Staten en Europa. In de VS zijn er zelfs al meer dan 10,2 miljoen mensen besmet geraakt, en telt men er al 240.000 slachtoffers tot nu toe.

Verder valt het op dat Trump hele rare dingen aan het doen is, hij is overal strategisch mensen aan het vervangen die Trump gezind zijn, een zeer vreemde waarneming en met welk doel doet hij dat? Tot in het Pentagon toe is hij leiders aan het ontslaan om ze te vervangen door trouwe aanhangers. Zit er iets aan te komen waar we geen weet en vooral geen enkele verwachting over hebben? Bij CNN hebben ze het zelfs over dictatoriale veranderingen??? Krijgt dit alles nog een staartje en wil hij echt blijven zitten? Zeer vreemde zaak wordt het nu als dat allemaal klopt en met dat doel in het vooruitzicht ...

De markten lagen er dus verdeeld bij gisteren, de Dow toch weer 250 punten hoger maar de Nasdaq en de Nasdaq 100 weer tot 1,4% lager, de Nasdaq 100 moest 1,75% inleveren. Ook de SP 500 moest wat inleveren al was het maar 0,15%. Europa lag er ook verdeeld bij, de DAX sluit 0,5% hoger, de AEX verloor 0,35% terwijl de Franse CAC 40 rond de 1,5% in de plus de sessie afsloot. Europa staat zo al ongeveer 10 tot 12% hoger dan pakweg 1,5 week geleden. Ook hier mag je winstnemingen verwachten want nogmaals, de enige verandering is dat er ergens in 2021 een vaccin komt maar dat kan voor velen nog tot de zomer duren tegen dat alles veiliger is. Kortom, opletten met de huidige standen op de beurs, er zit weer heel veel hoop en euforie in de koersen verwerkt.

Euro, olie en goud:
De euro zien we vanmorgen rond de 1.1825 dollar, de prijs van een vat Brent olie staat nu op 44,2 dollar. Een troy ounce goud kost vanmorgen 1880 dollar.

US Markets Trading nu voor €39 tot 1 JANUARI 2021:
Maak gebruik van de aanbieding die loopt tot het einde van dit beursjaar, ofwel tot 1 januari 2021 ... Ik blijf zoeken naar kansen in de markt, we hebben strategisch al wat kleine posities open staan.

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 de link: https://www.usmarkets.nl/tradershop

Tot later,

Guy Boscart

GLOBAL TOP NEWS
President-elect Joe Biden said on Tuesday that nothing would stop the transfer of power in the U.S. government, while President Donald Trump pursued lawsuits in several states in a long-shot bid to hold on to power.

ByteDance, the Chinese parent company of video-sharing app TikTok, filed a petition late on Tuesday with a U.S. Appeals Court challenging a Trump administration order set to take effect on Thursday requiring it to divest TikTok.

Apple on Tuesday introduced a MacBook Air notebook and other machines with its first central processor designed in-house for Macs, a move that will tie its computers and iPhones closer together technologically.


EUROPEAN COMPANY NEWS
The European Commission will approve on Wednesday a contract for the supply of the COVID-19 vaccine being developed by Pfizer and BioNTech, its President Ursula von der Leyen said.

TUI is in talks with the German government on an extra 1.5-1.8 billion euros in state aid as two bailouts from earlier this year have not been enough for travel company to cope with the coronavirus travel slump, people close to the matter said.

Unilever chose Brazil, which boasts the second largest population of dogs and cats in the world, to launch a line of pet care products on Tuesday as it tries to offset lower sales of more traditional consumer goods.


TODAY'S COMPANY ANNOUNCEMENTS
3I Infrastructure PLC HY 2021 Earnings Release
ABN Amro Bank NV Q3 2020 Earnings Call
Alcon AG Q3 2020 Earnings Call
ALK-Abello A/S Q3 2020 Earnings Call
Ambu A/S FY 2020 Earnings Call
Ascendis Pharma A/S Q3 2020 Earnings Call
Atento SA Q3 2020 Earnings Release
Austevoll Seafood ASA Q3 2020 Earnings Release
Barry Callebaut AG FY 2020 Earnings Call
Bavarian Nordic A/S Q3 2020 Earnings Call
Bechtle AG Q3 2020 Earnings Release
Better Collective A/S Nine Months 2020 Earnings Call
Bewi ASA Q3 2020 Earnings Release
BTS Group AB Nine Months 2020 Earnings Call
Continental AG Q3 2020 Earnings Call
Deutsche Pfandbriefbank AG Q3 2020 Earnings Call
DiaSorin SpA Q3 2020 Earnings Call
Distribuidora Internacional de Alimentacion SA Q3 2020 Earnings Release
E.ON SE Q3 2020 Earnings Call
ERG SpA Nine Months 2020 Earnings Call
Falck Renewables SpA Q3 2020 Earnings Call
GN Store Nord A/S Q3 2020 Earnings Call
Great Portland Estates PLC HY 2021 Earnings Call
Guala Closures SpA Q3 2020 Earnings Call
Hays PLC Annual Shareholders Meeting
Hera SpA Q3 2020 Earnings Call
IMCD NV Nine Months 2020 Earnings Call
Innovaderma PLC Annual Shareholders Meeting
ITM Power PLC Shareholders Meeting
Karolinska Development AB Q3 2020 Earnings Release
Komplett Bank ASA Q3 2020 Earnings Call
Leifheit AG Q3 2020 Earnings Release
Leoni AG Q3 2020 Earnings Call
Leroy Seafood Group ASA Q3 2020 Earnings Release
Mediaset SpA Q3 2020 Earnings Call
MorphoSys AG Q3 2020 Earnings Release
Nattopharma ASA Q3 2020 Earnings Call
Nexi SpA Q3 2020 Earnings Call
NH Hotel Group SA Q3 2020 Earnings Release
Norwegian Energy Company ASA Q3 2020 Earnings Call
Patrizia Immobilien AG Q3 2020 Earnings Release
PCI Biotech Holding ASA Q3 2021 Earnings Call
Pirelli & C SpA Q3 2020 Earnings Call
PNE AG Q3 2020 Earnings Call
Rank Group PLC Annual Shareholders Meeting
Safe Bulkers Inc Q3 2020 Earnings Release
Scout24 AG Q3 2020 Earnings Call
Selvaag Bolig ASA Q3 2020 Earnings Call
Sonae SGPS SA Q3 2020 Earnings Release
Stillfront Group AB (publ) Q3 2020 Earnings Call
Supermarket Income REIT PLC Annual Shareholders Meeting
Swiss Steel Holding AG Q3 2020 Earnings Call
TCM Group A/S Q3 2020 Earnings Call
Tecnicas Reunidas SA Nine Months 2020 Earnings Release
Telecom Italia SpA Q3 2020 Earnings Call
Terna Rete Elettrica Nazionale SpA Q3 2020 Earnings Call
Torm PLC Q3 2020 Earnings Call
Webstep ASA Q3 2020 Earnings Call
Workspace Group PLC HY 2021 Earnings Call ​


ECONOMIC EVENTS (All times GMT)
0700 (approx.) Sweden Money Market CPIF Inflation 1 Year for Nov: Prior 1.0%
0700 (approx.) Sweden Money Market CPIF Inflation 5 Years for Nov: Prior 1.7%
1100 (approx.) Portugal CPI mm for Oct: Prior 0.1%
1100 (approx.) Portugal CPI yy for Oct: Prior -0.1%
1100 (approx.) Portugal CPI NSA for Oct: Prior 104.20​