Liveblog Archief woensdag 22 december 2021

TOP NEWS
• U.S. SEC allows Apple shareholder's push for details on non-disclosure
The U.S. Securities and Exchange Commission has denied Apple’s bid to exclude a shareholder proposal that would require the company to inform investors about its use of non-disclosure agreements and other concealment clauses, according to a document viewed by Reuters.

• U.S. opens investigation into 580,000 Tesla vehicles over game feature
U.S auto safety regulators said they have opened a formal safety investigation into 580,000 Tesla vehicles sold since 2017 over the automaker's decision to allow games to be played on the front center touchscreen.

• SK Hynix's Intel NAND business takeover wins China approval with conditions
South Korea's SK Hynix said it has received merger clearances from the Chinese antitrust authority for its acquisition of Intel's NAND memory chip business, clearing the way for the world's second-largest memory chip maker to completion of securing regulatory approvals from all eight countries.

• GRAPHIC-Global Markets in 2021: Recoveries, reflation and wrecking balls
For global financial markets, the second year of the COVID pandemic has been nearly as dramatic as the first. The stocks bulls have stayed firmly in charge, surging energy and food prices have turbo-charged inflation, rattling the bond markets, while China has seen $1 trillion wipeouts in its heavyweight tech and property sectors.

• Biden holding meeting on supply chain issues
President Joe Biden on Wednesday is convening a meeting of U.S. officials and private sector companies, including FedEx, to talk about ongoing efforts to address supply chain disruptions.


BEFORE THE BELL
Wall Street futures were mixed in a choppy trading amid fears surrounding the spread of Omicron COVID-19 variant. Gains in food-delivery stocks nudged European shares higher. Nikkei closed slightly higher, buoyed by a rally in chipmakers and other tech stocks, although gains were capped by weakness in Nintendo and sauce makers. The dollar fell, while gold prices were up. Oil prices rose as fears of tight supply were offset by COVID-19 concerns. The final reading of gross domestic product (GDP), consumer confidence and existing home sales data are on the economic radar.


STOCKS TO WATCH
Results
• BlackBerry Ltd: The company beat Wall Street estimates for third-quarter revenue on Tuesday, helped by sustained demand for its cybersecurity and Internet of Things products. BlackBerry posted third-quarter cybersecurity revenue of $128 million and forecast that to be between $125 million and $135 million in the fourth quarter, below an estimate of $143 million by one analyst, according to Refinitiv data. BlackBerry reported a net profit of $74 million in the third quarter, compared with a loss of $130 million a year earlier. Excluding items, the company broke even on a per-share basis, beating analysts' average estimate of a loss of 7 cents per share. Revenue fell to $184 million for the quarter ended Nov. 30, from $218 million a year earlier, but beat analysts' average expectation of $177.25 million, according to IBES data from Refinitiv.

In Other News
• Amazon Inc, Meta Platforms Inc, Pinterest Inc, T-Mobile US Inc & Twitter Inc: The companies will not send teams to the Consumer Electronics Show (CES) in Las Vegas as concerns grow about Omicron, the firms said on Tuesday. CES, which serves as an annual showcase of new trends and gadgets in the technology industry has attracted more than 180,000 people from around the world to a sprawling array of casinos and convention spaces in the past. Amazon and its smart-home unit Ring said they would not be onsite at next month's event due to the "quickly shifting situation and uncertainty around the Omicron variant" of coronavirus, the firm's spokesperson told Reuters in an email. T-Mobile also said the vast majority of its contingent would no longer be going and its chief executive would not deliver a keynote speech.

• Apple Inc: The U.S. Securities and Exchange Commission has denied Apple's bid to exclude a shareholder proposal that would require the company to inform investors about its use of non-disclosure agreements and other concealment clauses, according to a document viewed by Reuters. The move means that Apple will have to face a vote on the proposal at its annual shareholder meeting next year, barring a deal with the activist. Apple has said its policy is not to use concealment clauses, but former employees dispute that. In September, investor Nia Impact Capital filed a shareholder proposal calling for Apple's board to prepare a "public report assessing the potential risks to the company associated with its use of concealment clauses in the context of harassment, discrimination and other unlawful acts."

• Biogen Inc: A Japanese health ministry panel said that inconsistent trial results made it difficult to determine the efficacy of an Alzheimer's treatment developed by Eisai and Biogen. Tokyo-based Eisai and its United States partner filed for Japanese regulatory approval just over a year ago for the drug Adulhelm, which was approved in the United States in June. In a statement the panel cited inconsistent results from global Phase III trials and a lack of clinical significance in the drug's ability to reduce plaques in the brain. The panel said it would take another look if further data is submitted.

• CVS Health Corp & Mondelez International Inc: The companies joined a growing list of U.S. firms to put off their return-to-office plans as COVID-19 cases surge across the country due to the fast-spreading Omicron variant. A Mondelez spokesperson said "concern and uncertainty" caused by the Omicron variant has led the company to postpone the planned reopening of its global headquarters in West Fulton Market, Chicago to a later date from Jan. 10. CVS has also decided to delay plans for its U.S. corporate employees to return to a hybrid work format on Jan. 10, spokesperson Erin Shields Britt said in an e-mailed statement.

• Delta Air Lines Inc: The company’s chief executive asked the head of the U.S. Centers for Disease Control and Prevention on Tuesday to shrink quarantine guidelines for fully vaccinated individuals who experience breakthrough COVID-19 infections, citing the impact on the carrier's workforce. CEO Ed Bastian, along with the company's chief health officer and a medical adviser, asked in a letter to CDC Director Rochelle Walensky seen by Reuters that the agency's recommended quarantine period for anyone who tests positive with a breakthrough COVID-19 infection be reduced to five days from the current 10. The letter suggested that individuals could end isolation with appropriate testing. "With the rapid spread of the Omicron variant, the 10-day isolation for those who are fully vaccinated may significantly impact our workforce and operations," Bastian wrote. "Similar to healthcare, police, fire, and public transportation workforces, the Omicron surge may exacerbate shortages and create significant disruptions."

• Intel Corp: South Korea's SK Hynix said it has received merger clearances from the Chinese antitrust authority for its acquisition of Intel's NAND memory chip business, clearing the way for the world's second-largest memory chip maker to completion of securing regulatory approvals from all eight countries. China's market regulator said that it had approved the acquisition deal but with conditions. The concentration of the PCIe and SATA solid state drive businesses after the acquisition will have or may have a restrictive effect on competition in those markets, so additional conditions to this deal are needed, China's State Administration for Market Regulation said in a statement. Additional conditions include that SK Hynix should not supply PCIe and SATA enterprise-class solid state drive products to China's domestic market at unreasonable prices.

• Novavax Inc: The company said on Tuesday the World Health Organization's (WHO) panel of experts had recommended a third dose of its vaccine, NVX-CoV2373, for immunocompromised persons. The WHO's Strategic Advisory Group of Experts on Immunization, known as SAGE, issued a series of recommendations, including the use of the vaccine in persons with comorbidities, breastfeeding women, and those living with HIV. After reviewing Novavax data the independent experts said the vaccine could be used in pregnant women if the benefits of vaccination to the pregnant woman outweigh the potential risks. The company also said it had begun administering its first booster doses of NVX-CoV2373 in a late-stage trial.

• Sempra Energy: The energy infrastructure company said on Tuesday it would sell a 10% stake in its business platform, Sempra Infrastructure Partners, to a unit of the Abu Dhabi Investment Authority (ADIA) for $1.79 billion in cash. The deal implies an enterprise value of $26.5 billion for the unit, according to Sempra, which has been focusing more on renewables and energy storage to cater to the growing global demand for cleaner fuels. The company also said it would use proceeds from the sale to finance capital expenditures at its utilities and buy back shares worth $500 million. Sempra Energy expects the deal with the United Arab Emirates' biggest sovereign wealth fund to close next year, after which it would hold a 70% stake in Sempra Infrastructure.

• Southwest Gas Holdings Inc: Billionaire activist investor Carl Icahn's investment firm cannot stop the company’s board from potentially selling $1 billion worth of shares at a discounted price to fund an acquisition, a Delaware state judge ruled on Tuesday. Chancellor Kathaleen McCormick of the Delaware Chancery Court denied during a phone hearing Icahn Partners LP’s request to block a considered sale. She said the challenged deal had not happened yet and it was hard to imagine the harm a hypothetical transaction might cause. Icahn’s investment firm had sought to block gas distribution company Southwest Gas’s roughly $1.98 billion acquisition of Dominion Energy Questar Pipeline, which was announced in October. Icahn's firm owns a roughly 4.8% stake in the company, much of which has been acquired since July, court documents show.

• Tesla Inc: The company’s CEO Elon Musk said he had sold "enough stock" to reach his plan to sell 10% of his shares in the world's most valuable car company, according to an interview released on Tuesday. The billionaire, who moved the company's headquarters from California to Texas this month after his personal move last year, also slammed California for "overtaxation." Tesla shares, which had hovered near record-highs, lost about a quarter of their value after Musk said on Nov. 6 he would sell 10% of his stake if Twitter users agreed. On Tuesday, Musk sold another 583,611 shares, bringing the total number of shares he has offloaded to 13.5 million - about 80% of what he had planned to sell. "I sold enough stock to get to around 10% plus the option exercise stuff and I tried to be extremely literal here," he said in the interview with satirical website Babylon Bee. Meanwhile, U.S auto safety regulators they have opened a formal safety investigation into 580,000 Tesla vehicles sold since 2017 over the automaker's decision to allow games to be played on the front center touchscreen.

• Wells Fargo & Co: The company said on Tuesday it has delayed its plans for employees to return to the office "given the changing external environment," according to a statement, the latest bank to adjust plans as the Omicron variant spreads. The bank said it will announce new plans for a full return in the new year. Wells Fargo had earlier set Jan. 10 for a mandatory return for many employees, including those who support business lines. About 100,000 employees have been reporting to Wells Fargo locations throughout the pandemic, and offices are open to those who have been vaccinated and chose to use them, the company said. The bank had 254,000 employees at the end of September.


ANALYSIS
'Hands off': Why some U.S. investors are pulling meme stocks from brokerages
Jose Castillo pulled his $60,000 worth of GameStop shares from his brokerage last summer, even though he had no intention of selling them. The 26-year-old information technology worker, who lives in the greater Minneapolis area, is among a growing number of investors in "meme" stocks -- shares such as GameStop popular with day traders -- who are withdrawing them from brokerages out of concern the shares will be lent to hedge funds engaging in short-selling.


ANALYSTS' RECOMMENDATION
• Acadia Pharmaceuticals Inc: Canaccord Genuity raises target price to $30 from $26 after the company announced that it plans to resubmit its supplemental new drug application of Nuplazid (pimavanserin) for Alzheimer's disease psychosis.

• Albemarle Corp: JPMorgan raises target price to $222 from $214 citing higher lithium prices.

• Factset Research Systems Inc: Jefferies raises target price to $482 from $388 as the company reported better-than-expected revenue for the first quarter.

• Rite Aid Corp: Evercore ISI raises target price to $12 from $11 following the company’s better-than-expected third-quarter results which were driven by increased COVID-19 vaccinations.

• United Rentals Inc: Baird cuts target price to $317 from $439 saying the company benefitted from tight equipment supply/demand dynamics in 2021, but as supply chain normalization occurs the benefit will likely dissipate.


ECONOMIC EVENTS (All timings in U.S. Eastern Time)
0830 (approx.) Corporate profits revised for Q3 : Prior 4.2%
0830 (approx.) GDP final for Q3 : Expected 2.1%; Prior 2.1%
0830 (approx.) GDP sales final for Q3 : Prior 0.0%
0830 (approx.) GDP cons spending final for Q3 : Prior 1.7%
0830 (approx.) GDP deflator final for Q3 : Expected 5.9%; Prior 5.9%
0830 (approx.) Core PCE prices final for Q3 : Expected 4.5%; Prior 4.5%
0830 (approx.) PCE prices final for Q3 : Prior 5.3%
0830 (approx.) National Activity Index for Nov : Prior 0.76
1000 (approx.) Consumer Confidence for Dec : Expected 110.8; Prior 109.5
1000 Existing home sales for Nov : Expected 6.52 mln; Prior 6.34 mln
1000 Existing home sales percentage change for Nov : Prior 0.8%


COMPANIES REPORTING RESULTS
Carmax Inc: Expected Q3 earnings of $1.44 per share
Cintas Corp: Expected Q2 earnings of $2.65 per share
Paychex Inc: Expected Q2 earnings of 80 cents per share


CORPORATE EVENTS (All timings in U.S. Eastern Time)
0830 MSC Industrial Direct Co Inc: Q1 earnings conference call
0900 Carmax Inc: Q3 earnings conference call
0930 Paychex Inc: Q2 earnings conference call
1000 Cintas Corp: Q2 earnings conference call
1700 Mission Produce Inc: Q4 earnings conference call


EX-DIVIDENDS
Alexander & Baldwin Inc (Hawaii): Amount $0.18
Altria Group Inc: Amount $0.90
Carrier Global Corp: Amount $0.15
Getty Realty Corp: Amount $0.41
Gladstone Commercial Corp: Amount $0.12
Gladstone Land Corp: Amount $0.04
LTC Properties Inc: Amount $0.19
Marriott Vacations Worldwide Corp: Amount $0.54
Philip Morris International Inc: Amount $1.25
Ralph Lauren Corp: Amount $0.68
Retail Opportunity Investments Corp: Amount $0.07
Sempra Energy: Amount $1.10
Valmont Industries Inc: Amount $0.50
VICI Properties Inc: Amount $0.36

Goedemorgen,

De kortste dag hebben we gehad, hopelijk ligt nu ook de bodem bij de beurzen ook vast nu al kan ik dat nog lang niet bevestigen met de talrijke bewegingen die we in beide richtingen krijgen de afgelopen weken. Toch opvallend dat de Nasdaq er weer uitspringt met 2,5% winst, ook de SOX won met 3,3% fors. Verder herpakt Europa zich en komen de AEX en de DAX los vanaf de bodem die maandag werd neergezet. Ook een goeie dag voor de Dow Jones en de S&P 500 die beiden meer dan 1,5% hoger sluiten.

Update woensdag 22 december:
Na de diepe dip van maandag zien we een sterk herstel op gang komen, de markt die op sentiment beweegt en behoorlijk volatiel blijft kan in no-time omslaan van negatief naar positief en andersom. Veel indices hebben maandag weer een nieuwe bodem neergezet, dat waren onder andere de AEX, de Nasdaq, de Nasdaq 100 en de SOX. Andere indices geraakten ook lager maar bleven boven hun bodem van begin deze maand, dat zijn de DAX, de S&P 500 en de Dow Jones. We zien in ieder geval een fors herstel dinsdag, de indices sluiten tussen de 1,5% en de 3,5% hoger, de technologie sectoren deden het weer beter dan de traditionele sectoren. Aan volatiliteit in ieder geval geen gebrek, nu kijken we weer naar omhoog maar de vraag is voor hoe lang?

We zien vanmorgen een hogere opening in Europa, Wall Street staat nagenoeg vlak via de futures. We moeten weer afwachten of de stijging die gisteren op gang kwam kan doorzetten om de AEX zo weer boven de 780 punten te krijgen, daarna ligt de weg weer open richting eerst de 785-788 punten. De DAX zal eerst boven de 15.500 punten moeten geraken om door te trekken richting de 15.600 of de 15.810 punten richting de Kerst. We krijgen mogelijk nog een soort eindejaar spurt als de markt positief blijft. Wel blijven uitkijken voor negatief nieuws rondom de nieuwe omicron variant van het virus, men weet er nog niet genoeg over en nieuws daar omtrent (positief of negatief) kan de markten fors in een richting doen bewegen. Te grillig om daarop te anticiperen al kunnen we nog een positieve uitschieter technisch mogelijk een kleine short positie overwegen.

Meedoen met onze signalen kan nu via de nieuwe aanbieding, die loopt tot 1 maart 2022. Schrijf u dan snel in via de mooie aanbieding tot 1 MAART voor €35. Ga meteen naar onze Tradershop via de link https://www.usmarkets.nl/tradershop

Marktoverzicht:
Wall Street sluit fors hoger, na de terugval van maandag dus een stevig herstel bij alle indices. De tech sectoren deden het weer beter dan de traditionele sectoren, de tech ongeveer 2,5% hoger en de SOX zelfs 3,5% terwijl de Dow Jones 1,6% en de S&P 500 1,8% hoger sluiten. De DAX wint 1,4% terwijl de AEX 1,6% hoger sluit. Na de valse start van de week nu weer een forse reactie omhoog.

Bekeken over de afgelopen periode valt de sessie van gisteren wel op maar dat wil niet zoveel zeggen in deze onrustige markt. Het kan makkelijk verder omhoog richting de Kerst maar we weten ook wel dat een slecht nieuwsbericht ervoor kan zorgen dat we in no-time weer enkele procenten lager staan.

Dow Jones:
De Dow Jones loopt weer op tot de 35.500 punten waar we de bekende weerstand weer zien uitkomen, de vraag is nu of de index weer kan doortrekken richting de 36.000 punten waar we vorige week nog een test zien. Hoe vreemd het ook is, er wordt met meer dan 1000 punten heen en weer gesmeten en dat maakt het zo moeilijk. De ene dag is het van dit, de andere weer totaal anders. Nu weer rond die belangrijke 35.500 punten, maar eens zien wat we de rest van de week kunnen verwachten en of de Dow weer kan uitbreken richting de 36.000 punten en wie weet weer richting de topzone daar zo'n 2-3% boven.

Weerstand zien we nu rond de 35.500 punten, later de 36.000 en de belangrijke 36.500-36.550 punten als weerstand. Steun nu de 35.250 en de 35.000 punten, later de 34.750 en de 34.650 (200-MA) als steun.

AEX index:
De AEX herpakt zich goed en na een test van de 755 punten waar ook het 200-MA uitkomt zien we de index weer dicht bij de 780 punten uitkomen. Als het meezit dan kan de index weer op zoek naar de top van vorige week die rond de 794-795 punten uitkomt.

Weerstand zien we nu eerst rond de 780-782 en de 788-790 punten, daar net boven de top van vorige week rond de 794-795 punten met wat hoger vooral de bekende 800-802 punten. Dat alles in deze markt behoorlijk snel gaat weten we en dat zien we vrijwel elke dag, 10-15 punten beweging bij de AEX stellen niet zoveel voor met de huidige volatiliteit.

Steun zien we nu eerst rond de 770-772 punten, later rond de 765 en de 755 punten steun, rond die 755 punten komt nu ook het 200-MA uit.

DAX index:
De DAX herpakt zich stevig na de test van de bodem net boven de 15.000 punten maandag. De DAX geraakt weer richting de 15.500 punten en we weten dat daar een zeer belangrijk punt wacht. Het 200-daags gemiddelde komt daar nu uit samen met de horizontale steunlijn. Boven de 15.500 punten lijkt de kust voorlopig weer veilig voor wat betreft de DAX, dan komen de 15.600 en de 15.810 punten weer in zicht als doelen.

Steun zien we nu rond de 15.300, de 15.100 punten en de 15.000 punten.

Nasdaq Composite:
De Nasdaq herpakt zich opnieuw sterk, we zien een stijging van 2,5% en de index breekt zo meteen de toppen van maandag en van vorige week vrijdag. Weerstand nu eerst de 15.400 punten en dat wordt meteen een belangrijk punt om in de gaten te houden de komende dagen. Geraakt de Nasdaq erboven dan voorzie ik een verdere stijging richting de 15.600 of de 15.800 punten op korte termijn.

Weerstand nu eerst de 15.400 punten, later de 15.600 en de 15.800 punten als weerstand. Steun nu eerst rond de 15.200 en de 15.000 punten.

Overzicht resultaat dit jaar (2021):
We blijven rustig met het handelen in deze volatiele markt, ik zoek wel naar kansen de komende sessies maar door de forse en onvoorspelbare uitslagen moeten we hoe dan ook voorzichtig blijven. De grote uitslagen buiten de openingstijden hier in Europa maken het best moeilijk om op tijd in te stappen, eigenlijk zou de rust op de markten eerst terug moeten keren. Deze maand blijven we net zoals het gehele jaar rustig en doen niet te veel door het risico van de enorme volatiliteit.

Verder verloopt het handelen al het gehele jaar goed want via de overzichten hieronder ziet u dat we er wat betreft 2021 mooi voorstaan. Ik zoek in ieder geval voorzichtig naar nieuwe mogelijkheden. Denk als u naar het overzicht kijkt meteen ook aan de markt, met het handelen met meer risico kon het resultaat er totaal anders uit zien. Ik kies ervoor om vooral voorzichtig te blijven in deze fase vol met onzekerheden.

Om mee te doen kan dat nu via het nieuwe proefabonnement tot 1 MAART voor €35. Schrijf u nu in via de nieuwe aanbieding en ga meteen naar onze tradershop via de link https://www.usmarkets.nl/trade...

Overzicht resultaten dit jaar (2021)

Met vriendelijke groet,
Guy Boscart