Liveblog Archief woensdag 2 september 2020

TOP NEWS
• Exxon weighs global job cuts after unveiling Australian lay-off plan
Exxon Mobil is assessing possible worldwide job cuts, a spokesman said, after the company announced a voluntary lay-off programme in Australia.
• Ant Group plans to raise more funds in Shanghai than HK in giant IPO -sources
China's Ant Group plans to raise more funds on Shanghai's Nasdaq-style market than in Hong Kong as part of its up to $30 billion dual listing, people with direct knowledge of the matter said, in a major endorsement of the year-old mainland exchange.
• Glass Lewis recommends Tesla chairwoman's re-election after opposing it earlier
Proxy advisory firm Glass Lewis said late on Tuesday it had recommended Tesla's investors to vote in favor of re-electing Chairwoman Robyn Denholm after having earlier opposed her re-election in June.
• Weak German retail sales dash hopes for strong recovery
German retail sales fell unexpectedly in July, data showed, dashing hopes that household spending in Europe's largest economy can drive a strong recovery in the third quarter from the coronavirus shock.
• Qatar Airways agrees delivery delays with Airbus, still talking to Boeing
Qatar Airways has struck a deal with Airbus to delay delivery of airplanes due to the pandemic-induced travel downturn but remains in talks with Boeing about deferrals, the airline's chief executive said.​


BEFORE THE BELLU.S. stock index futures rose, fueled by a rally in tech stocks, with investors focusing on economic data that is likely to show a jump in private jobs in August. European shares advanced and Asian stocks ended mostly higher as investors bet on improving economic data and more policy stimulus from Washington. The dollarextended overnight gains after positive U.S. manufacturing data. In commodities, oil prices rose, following a drop in U.S. crude inventories. Gold fell as risk sentiment rose.

STOCKS TO WATCH
Deals Of The Day
• Apollo Global Management Inc (APO). Abu Dhabi National Oil Company (ADNOC) said it had entered into a $5.5 billion real estate investment partnership with a consortium led by the company. ADNOC said in a statement that the transaction will result in upfront proceeds of $2.7 billion and is expected to close before year-end. "The strategic investment will leverage the rental income streams from select ADNOC real estate assets under a 24-year master lease agreement," it added. Under the real estate transaction, which ADNOC said was one of the region’s largest, private equity firm Apollo led a consortium of institutional investors to acquire a 49% stake in Abu Dhabi Property Leasing Holding Company, a wholly owned ADNOC affiliate. ADNOC will retain a 51% majority stake, maintaining full ownership and control over the select real estate and social infrastructure assets, it added.​

In Other News
• Amazon.com Inc (AMZN). The company has added insurance and even gold to its menu of financial services in India, to expand its customer base and attract more subscribers to its Prime loyalty programme in a battleground growth market. The push ramps up competition as financial technology (fin-tech) rivals and their deep-pocketed foreign backers struggle for profitability in a predominantly cash-based economy where about 190 million adults do not have bank accounts. To boost online payments, Amazon launched its Amazon Pay digital wallet in 2016. It has since introduced a credit card, signed up to a state-backed payments network, and processes payments for movie and flight tickets as well as telephone and utility bills. It began offering auto insurance in July and gold investment products in August - both a first for Amazon.
• Boeing Co (BA). Qatar Airways has struck a deal with Airbus to delay delivery of airplanes due to the pandemic-induced travel downturn but remains in talks with Boeing about deferrals, the airline's chief executive said. "We have the ability to bring forward the deliveries if there is a rebound in air travel," Qatar Airways CEO Akbar al-Baker said of the Airbus deal at the CAPA Australia Pacific Aviation Summit, without providing further details. Al-Baker said the airline had not reached an agreement with Boeing.
• Citigroup Inc (C). A Citigroup China unit has received a domestic fund custody licence from the China Securities Regulatory Commission, the bank said, the latest foreign financial firm to expand its presence in mainland China. Citi is the first U.S. bank to receive such a licence, which will allow it to hold securities for safekeeping on behalf of mutual funds and private funds domiciled in China, once it has passed an onsite inspection.
• Exxon Mobil Corp (XOM). The company is assessing possible worldwide job cuts, a spokesman said, after the company announced a voluntary lay-off programme in Australia. "We have evaluations underway on a country-by-country basis to assess possible additional efficiencies to right-size our business and make it stronger for the future," spokesman Casey Norton, based at the company headquarters in Irving, Texas, said in emailed comments to Reuters. In Australia, Exxon said it had completed a review of its current and future project work in the country and was seeking volunteers to quit the company. The company did not say what percentage of its workforce it was seeking to cut, but said in Australia it would consider all employees who expressed an interest in voluntary redundancy.
• Medtronic Plc (MDT). The company on Tuesday said it would cut costs by $450 million to $475 million a year by fiscal 2023 as the medical device maker embarks on a restructuring exercise to create focused "operating units" from its existing businesses. The company said in a regulatory filing it would move to the new model beginning in its fiscal third quarter and that the operating units would focus on specific therapy areas. The world's largest standalone medical device maker is also assessing the impact of these changes to the reporting of its four business segments: minimally invasive therapies group, restorative therapies group, diabetes group and cardiac and vascular group. As a result of the restructuring program, the company expects to incur $400 million-$450 million in costs by the end of fiscal 2022.
• Netflix Inc (NFLX). The streaming giant and Russia's National Media Group (NMG) have set up a partnership to run the U.S. group's Russian service, NGM said in a statement. Netflix's international version has been available in Russia since 2015. "National Media Group confirms its partnership with Netflix in Russia. The holding becomes the operator of Netflix service in Russia," Olga Plaskina, NMG chief executive, said in a statement.
• Orthofix Medical Inc (OFIX). The U.S. Securities and Exchange Commission (SEC) on Tuesday issued a joint $2.5 million award to two external analysts who flagged financial reporting abuses by the company, the agency and the lawyers for the analysts said in separate statements. The case is unusual because company whistleblowers are typically more likely to be insiders and legal questions have been raised in the past as to whether outsiders using public information can qualify for an award under the SEC's landmark whistleblower program introduced following the 2007-09 financial crisis.
• Ovintiv Inc (OVV). The oil and gas producer said on Tuesday it would end a nearly eight-year joint venture with China's state-owned firm PetroChina in the Duvernay shale region in west-central Alberta. The two parties have agreed to partition the Duvernay acreage and related infrastructure, Ovintiv said. Ovintiv served as the operator under the joint venture and each company will now independently own and operate their interests.
• Tesla Inc (TSLA). The company’s CEO Elon Musk is scheduled to meet German Economy Minister Peter Altmaier on Wednesday during a visit to Germany, coalition sources told Reuters. The Silicon Valley entrepreneur said in July Tesla was building "RNA microfactories" for coronavirus vaccine developer CureVac in Germany. Additionally, Tesla is building an electric car plant just outside Berlin. Separately, the proxy advisory firm Glass Lewis said late on Tuesday it had recommended Tesla's investors to vote in favor of re-electing Chairwoman Robyn Denholm after having earlier opposed her re-election in June.​


INSIGHT
Coffee, donuts and Spic and Span: P&G finds new ways to plug products amid pandemic
Germ-conscious in the pandemic era but still craving a donut and coffee? Procter & Gamble, which has already teamed up with Dunkin' Brands to promote the use of its cleaning products in restaurants, is looking for more partners -- and it's hoping for a payoff in the grocery store aisle.​


ANALYSTS' RECOMMENDATION
• American Airlines Group Inc (AAL). Berenberg cuts rating to sell from hold and cuts target price to $10 from $14, anticipating slower revenue recovery and lesser flexibility from U.S. Tresury loans which adds to equity risks.
• JAMF Holding Corp (JAMF). Barclays raises target price to $41 from $40, reflecting on solid second-quarter results and confidence for the second half of the year.
• Lululemon Athletica Inc (LULU). Piper Sandler raises target price to $396 from $365, anticipating better long-term growth fueled by accelerating demand and consumer behavior shifting towards comfort and exercise clothing.
• Planet Fitness Inc (PLNT). Piper Sandler raises target price to $81 from $61, stating that near-term member cancellation trends for gyms open several months appear to be moderating and national advertising starting next week should help new member growth.


ECONOMIC EVENTS (All timings in U.S. Eastern Time)
0815 (approx.) ADP national employment for Aug: Expected 950,000; Prior 167,000
0945 ISM-New York Index for Aug: Prior 807.8
0945 ISM New York Business Conditions for Aug: Prior 53.5
1000 Durables ex-defense, R mm for Jul: Prior 9.9%
1000 Durable goods, R mm for Jul: Prior 11.2%
1000 Factory orders mm for Jul: Expected 6.0%; Prior 6.2%
1000 Durables ex-transport R mm for Jul: Prior 2.4%
1000 Nondefense cap ex-air R mm for Jul: Prior 1.9%
1000 Factory ex-transport mm for Jul: Prior 4.4%​


COMPANIES REPORTING RESULTS
Brown-Forman Corp (BFb). Expected Q1 earnings of 31 cents per share
Copart Inc (CPRT). Expected Q4 earnings of 38 cents per share
PVH Corp (PVH). Expected Q2 loss of $ 2.43 cents per share


CORPORATE EVENTS (All timings in U.S. Eastern Time)
0800 Macy's Inc (M). Q2 earnings conference call
0800 GSX Techedu Inc (GSX). Q2 earnings conference call
1000 Brown-Forman Corp (BFb). Q1 earnings conference call
1000 Caseys General Stores Inc (CASY). Annual Shareholders Meeting
1100 Change Healthcare Inc (CHNG). Annual Shareholders Meeting
1630 Ambarella Inc (AMBA). Q2 earnings conference call
1630 Five Below Inc (FIVE). Q2 earnings conference call
1630 Smartsheet Inc (SMAR). Q2 earnings conference call
1630 Rocket Companies Inc (RKT). Q2 earnings conference call
1700 Guidewire Software Inc (GWRE). Q4 earnings conference call
1700 Science Applications International Corp (SAIC). Q2 earnings conference call
1700 Zuora Inc (ZUO). Q2 earnings conference call
1700 Cloudera Inc (CLDR). Q2 earnings conference call
1700 MongoDB Inc (MDB). Q2 earnings conference call
1700 PagerDuty Inc (PD). Q2 earnings conference call
1700 Crowdstrike Holdings Inc (CRWD). Q2 earnings conference call​


EXDIVIDENDS
Amcor PLC (AMCR). Amount $0.11
Home Depot Inc (HD). Amount $1.50
La-Z-Boy Inc (LZB). Amount $0.07
Linde PLC (LIN). Amount $0.96
Mosaic Co (MOS). Amount $0.05
Qualcomm Inc (QCOM). Amount $0.65
Shutterstock Inc (SSTK). Amount $0.17
Teradyne Inc (TER). Amount $0.10​

Goedemorgen
De divergentie tussen traditioneel en technologie ofwel enkele aandelen die de hoogvliegers blijven is extreem, ongekend in feite en zitten nog steeds in een ongekende bubbel. Het zijn nog altijd de retail spelers die via de optiemarkt, de Robin Hood spelers die de profs doen wachten om eruit te stappen maar in meerdere artikelen lees ik dat ze klaar zitten om toe te slaan met de grote dump en dus met deze groep volop te shorten. Hoe hoger des te meer ruimte er omlaag komt, dat is een feit maar waar zit de pijngrens? Het blijft wachten op het grote moment dat vooral de Nasdaq, ofwel dus die aandelen die zo hoog staan in de dump fase terecht komen. De Nasdaq zal zeker niet met 50 of 100 punten onderuit gaan, eerder 250-500 of zelfs richting de 1000 punten in een paar dagen tijd. De markt zit zo gespannen in elkaar dat als er een sell signaal komt het meteen extreem zal worden. Dat kun je zien aan de VIX, dat kun je ook zien aan het gedrag tijdens de stijging en dat kun je zien aan de volumes waarmee de markt recent opliep want dat bleef aan de lage kant. Ook kun je het zien aan de verhouding stijgers en dalers de afgelopen periode want die blijft uit evenwicht. Er zijn veel meer dalers dan stijgers dus ...

Europa kende wederom een moeilijke sessie, eerst hoger en fors hoger, later werd alles weg gegeven om in de min te geraken, tegen het slot kwam er door opnieuw de euforie via de TOP-7 aandelen ofwel de Nasdaq een herstel. Europa sloot een tikje hoger, de AEX zo'n 3 punten, de DAX amper 29 punten. Vanmorgen zien we dat Azië het na de nieuwe records op Wall Street ook niet best doen, daar vlak tot iets lager. De futures staan vanmorgen (07:45) hoger, de Nasdaq future zo'n 60 punten, de Dow future 80 punten en de S&P future 10 punten. Ook de DAX future staat op moment van schrijven 50 punten in de plus ...

We gaan zien hoe de dag verloopt, krijgen we vandaag dan uiteindelijk lagere koersen via de Nasdaq? Zal die TOP-7 een jasje uitdoen? Krijgt men het met gemiddelde waarderingen die extreem hoog liggen een keer door dat de bubbel hoe dan ook zal uiteen spatten en men toch de winst van tafel neemt? Het moment zit eraan te komen maar wie zal het startsein geven? Allemaal vragen waarvan we weten die die terecht zijn maar je niet weet tot waar de pijngrens zal lopen. Met andere woorden, de spelers die al langer meelopen zitten nu in de hoek waar de klappen vallen maar die weten maar al te goed dat de tijd naar hun kant zal draaien ... De wet van de zwaartekracht speelt ook op de aandelenmarkten mee, daar ontkom je gewoonweg niet aan ... En we zitten nog in de grote crisis, de ergste sinds 1929 als we naar alle economische data kijken, en die is nog lang niet voorbij als we de indicaties bekijken ...

Meedoen met de signalen die ik verstuur kan nu tot 1 NOVEMBER voor €39 ... Dat zijn 2 maanden, ook 2 nieuwe maanden waar ik met posities zal anticiperen op de bewegingen die ik verwacht. De posities die lopen kunt u eventueel nog aankopen na dat u lid wordt, alles staan op de site in de Tradershop, alle details kunt u inzien dus ...

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

Tot later ... Guy Boscart

GLOBAL TOP NEWS
Factories across Europe, Asia and North America continued to shake off the coronavirus gloom in August as the global economy emerged from a downturn triggered by the health crisis, thanks in part to massive fiscal and monetary stimulus programmes.

Japan's Chief Cabinet Secretary Yoshihide Suga is due to hold a news conference later on Wednesday when he is expected to confirm his candidacy in the ruling party's leadership election, a race he looks heavily favoured to win.​

The White House on Tuesday pushed back on concerns expressed by the World Health Organization (WHO) after a U.S. health official said a coronavirus vaccine might be approved without completing full trials. ​


EUROPEAN COMPANY NEWS
Unilever said it would invest 1 billion euros to eliminate fossil fuels from its cleaning products by 2030, cutting down on carbon emissions created by the chemicals used in making the products.

German lawmakers launched a parliamentary inquiry into the collapse of payments firm Wirecard on Tuesday in an effort to force the government to reveal more about a failure to avert the country's biggest post-war corporate fraud.

Bayer has asked California's Supreme Court to review a decision awarding $20.5 million to a groundskeeper who claimed the company's Roundup weedkiller caused his cancer, arguing the ruling was at odds with federal law and settled legal principles.


TODAY'S COMPANY ANNOUNCEMENTS
Aberdeen New Dawn Investment Trust PLC Annual Shareholders Meeting
Barratt Developments PLC FY 2020 Earnings Release
Biomerieux SA HY 2020 Earnings Call
James Latham PLC Annual Shareholders Meeting
Mediaset Espana Comunicacion SA HY 2020 Earnings Release
Pernod Ricard SA FY 2020 Earnings Release
Polar Capital Technology Trust PLC Annual Shareholders Meeting
Velocys PLC Annual Shareholders Meeting
Viohalco SA Annual Shareholders Meeting
Wereldhave Belgium Comm VA Annual Shareholders Meeting
Yellow Cake PLC Annual Shareholders Meeting​


ECONOMIC EVENTS (All times GMT)
0600 (approx.) Germany Retail Sales mm Real for Jul: Expected 0.5%; Prior -1.6%
0600 (approx.) Germany Retail Sales yy Real for Jul: Prior 5.9%
0600 United Kingdom Nationwide house price mm for Aug: Expected 0.5%; Prior 1.7%
0600 United Kingdom Nationwide house price yy for Aug: Expected 2.0%; Prior 1.5%
0900 Euro Zone Producer Prices mm for Jul: Expected 0.5%; Prior 0.7%
0900 Euro Zone Producer Prices yy for Jul: Expected -3.4%; Prior -3.7%​