Liveblog Archief woensdag 24 februari 2021

6 liveblog items op woensdag 24 februari 2021.

Wo 24 feb. 2021, 16:32

Marktcijfers

Actueel Verwacht Vorige
USA USA: Ruwe Olievoorraden 16:30 1,285M -5,190M -7,258M Actueel: 1,285M Verwacht: -5,190M Vorige: -7,258M
Wo 24 feb. 2021, 16:02

Marktcijfers

Actueel Verwacht Vorige
USA USA: Nieuwe Woningen Verkoop (Jan) 16:00 923K 855K 885K Actueel: 923K Verwacht: 855K Vorige: 885K
Wo 24 feb. 2021, 13:42

Markt snapshot Wall Street 24 februari

TOP NEWS
Australia's antitrust chief claims victory after Facebook standoff
The architect of Australia's laws forcing Google and Facebook to pay media companies for content claimed victory though critics said last-minute changes to appease Facebook favoured Big Tech over smaller news outlets.

FAA orders inspections of some Boeing 777 engines after United fire
The Federal Aviation Administration (FAA) said it was ordering immediate inspections of Boeing planes with Pratt & Whitney PW4000 engines before further flights after an engine failed on a United flight on Saturday.

• Lowe's scores home run as quarterly sales hold above $20 billion
Lowe's rode a sustained boom in demand from people sprucing up their homes as a result of the COVID-19 pandemic, exceeding analyst estimates with quarterly sales of $20.31 billion.

Icon Plc to buy rival PRA Health Sciences in $12 billion deal
Contract research organization Icon said it will acquire rival PRA Health Sciences in a cash-and-stock transaction valued at about $12 billion.

Ark adds $171 million Tesla shares as short bets on ETF soar
Cathie Wood's Ark Invest funds bought a further $171 million of Tesla shares, the fund group said, after the electric carmaker's stock fell sharply and closed below $700 for the first time this year.


BEFORE THE BELL
Futures tracking the tech-heavy Nasdaq edged down as investors sold growth-oriented technology shares for stocks that stand to gain from an economic rebound.European equities rose, supported by stronger-than-expected growth in Germany's economy, while Chinese shares closed lower as investors were worried about high valuations amid growing concerns of tightening in policies. The dollar was little changed, while gold prices gained. Oil prices advanced.


STOCKS TO WATCH
Results
Cheniere Energy Inc: The company reported a smaller fourth-quarter loss compared with the third, as an uptick in economic activity fueled by COVID-19 vaccines lifted demand and prices for liquefied natural gas. Net loss attributable to shareholders narrowed to 77 cents per share in the quarter, from $1.84 per share, in the third quarter. Revenue climbed to $2.79 billion from $1.46 billion in the third quarter. Cheniere said uncertainty about the COVID-19 pandemic remains the primary near-term risk to LNG trade.

Crescent Point Energy Corp: The Canadian oil and gas producer posted a higher fourth-quarter profit compared to the third, as commodity prices rebounded from pandemic lows. Crescent Point's total average selling price in the quarter ended Dec. 31 rose to C$43.76 per barrel of oil equivalent from C$41.89 in the previous quarter. The Calgary-based company said its total average production in the quarter fell 1.9% to 111,217 barrels of oil equivalent per day, compared with the third quarter. Crescent's adjusted net earnings from operations were 16 Canadian cents per share in the quarter, compared with 13 Canadian cents per share in the prior quarter.

Ecopetrol SA: Colombia's state-run oil company will make up to $15 billion of organic investment between 2021 and 2023, it said, as it reported an 87.3% drop in 2020 net profit. The company will invest $12 billion to $15 billion over the next three years, Ecopetrol said in a statement, averaging $4 billion to $5 billion a year. The investment plan is aimed at ensuring profitable growth based on Brent oil at $45 per barrel in 2021, rising to $50 and more in later years, Chief Executive Felipe Bayon said. Ecopetrol's 2020 net profit fell to 1.69 trillion pesos from 13.3 trillion pesos the previous year, it said in a statement. Fourth-quarter net profit fell to 675 billion pesos from 4 trillion pesos in the year-earlier period. Full-year earnings before interest, taxes, depreciation and amortization fell 45.9% to 16.8 trillion pesos.

HollyFrontier Corp: The U.S. refiner said its loss widened in the three months to December from the previous quarter, hurt by lower fuel demand and weaker refining margins. HollyFrontier said its quarterly refinery gross margins dropped 18.5% sequentially to $4.02 per barrel produced. Adjusted net loss widened to $118.6 million, or 74 cents per share, in the fourth quarter, from a loss of $66.9 million, or 41 cents per share, in the third quarter. U.S. refining margins were below $10 a barrel on average - the threshold above which most refiners make money - for the majority of the fourth quarter of 2020.

Lloyds Banking Group PLC: The bank’s outgoing Chief Executive António Horta-Osório set out fresh targets to expand the lender's insurance and wealth business and further cut costs, as the bank resumed a dividend despite a sharp fall in profits for 2020. The lender reported pretax profits of 1.2 billion pounds, well down on 4.4 billion pounds the previous year, after pandemic lockdowns shrank household spending and drove up provisions for bad loans. But it still beat the average of analyst forecasts of 905 million pounds. Horta-Osório said the bank would increase funds from insurance and wealth customers by 25 billion pounds by 2023 and expands its currency and rates services for corporate customers. Lloyds will also cut office space by 20% within three years and it said its overall costs would be trimmed below 7.5 billion pounds by the end of this year. Lloyds set aside 4.2 billion pounds to cover loans expected to sour, which was less than the 4.5 billion to 5.5 billion pound range previously given.

Lowe's Cos Inc: The company rode a sustained boom in demand from people sprucing up their homes as a result of the COVID-19 pandemic, exceeding analyst estimates with quarterly sales of $20.31 billion. Same-store sales for Lowe's rose 28.1% in the fourth quarter, beating analysts' estimates for a 21.2% increase. Lowe's reiterated its December outlook when it provided a range of scenarios for 2021. Even a "robust" year for the home-improvement space would mean demand being down 5% to 7%, Lowe's had said. It expects to outperform the home-improvement market by 300 to 400 basis points. Lowe's total net sales rose to $20.31 billion from $16.03 billion in the fourth quarter, beating estimates of $19.48 billion. Excluding items, the company earned $1.33 per share, beating estimates of $1.21.

Pioneer Natural Resources Co: The U.S. shale producer reported a better-than-expected gain of $177 million for the fourth quarter as crude oil prices recovered from pandemic-driven lows. The recent winter storm in Texas will cut the company's production by about 30,000 to 55,000 barrels of oil and gas per day this quarter, the company said when it reported financial results after market close. Pioneer reported earnings of $1.07 per share, while analysts expected earnings of 68 cents per share, excluding one-time items, according to Refinitiv estimates. The company reported adjusted earnings of $2.36 per share for the fourth quarter of 2019. The company had fourth quarter net income of $43 million, or 26 cents per share, down from $344 million, or $2.06 per share the year prior.

Square Inc: The payment company raised the bets on bitcoin by investing $170 million more and Chief Executive Jack Dorsey promised to "double down" on the company's commitment to the world's biggest cryptocurrency. "The Internet needs a native currency, and we believe bitcoin is it," Dorsey said. Square bought 3,318 bitcoins in the fourth quarter, adding to the mainstream acceptance of the digital currency that has been winning support from several big investors. Square's revenue in the quarter more than doubled to $3.16 billion, which the company said was helped by bitcoin purchases on Cash App. Square's gross profit on bitcoin trading rose 13 times in the fourth quarter, but it was still just 2% of its revenue from the cryptocurrency. Its bitcoin holdings are now worth about 5% of its $4.4 billion cash pile. The company posted adjusted earnings of 32 cents per share, beating market expectation of 24 cents.

XP Inc: The Brazilian broker said its fourth-quarter net income grew by 30%, as assets under custody jumped more than 60% from a year earlier and it added more clients. Earnings before interest, taxes, depreciation and amortization went up 42% year-over-year. XP's assets under management ended December at 660 billion reais, 61% higher in 12 months, as the broker announced earlier this year. XP's Chief Financial Officer Bruno Constantino said the broker is expanding its banking activities, with the launch of a credit card this month and digital banking accounts by mid-year. XP ended December with a 3.9 billion real credit portfolio, an activity the broker began last year. The portfolio is comprised mainly of loans with the clients' investments as collateral.

Deals Of The Day
Icon Plc & PRA Health Sciences Inc: The Contract research organization said it will acquire rival PRA Health Sciences in a cash-and-stock transaction valued at about $12 billion. Icon will pay about $166 per PRA share, a premium of 30% to PRA's closing price on Tuesday. The transaction brings together two organizations that focus on quality and efficient clinical trial execution from Phase 1 to post-approval studies, Icon said.

Moves
GameStop Corp: The video game retailer’s Chief Financial Officer Jim Bell will step down next month, the company said, as it focuses on shifting into technology-driven sales in the wake of headline-grabbing big betting in its stock. GameStop said Bell's resignation was not due to any disagreement with the company relating to its operations, including accounting principles and practices. However, a source said that while Bell's exit was unrelated to the recent wild swings in GameStop's stock spurred by retail traders on the Reddit social media site, his departure was initiated by the company. Bell will leave the company on March 26 and he did not respond to requests for comment. GameStop said it has begun a search for a permanent CFO, adding that it would appoint Chief Accounting Officer Diana Jajeh as interim CFO if a permanent replacement was not found before Bell's departure.

In Other News
Alphabet Inc & Facebook Inc: The architect of Australia's laws forcing Alphabet’s Google and Facebook to pay media companies for content claimed victory though critics said last-minute changes to appease Facebook favoured Big Tech over smaller news outlets. Even though Facebook said its concerns had been met and opposition lawmakers warned that smaller media players may be overlooked, Australian Competition and Consumer Commission Chair Rod Sims said the bargaining power imbalance had been righted. "The changes the government's done are things that either don't matter much or are just to clarify things that, at least in Facebook's mind, were unclear," Sims, who helped draft the original laws, told Reuters. Facebook's vice president of global news partnerships, Campbell Brown, said in a blogpost that the changes confirmed the U.S. company could decide which news, if any, appeared on its platform and that it could avoid forced arbitration. Separately, Facebook said some content was inadvertently blocked on its social network platform when it banned all news content in Australia.

AstraZeneca PLC: The drugmaker has told the European Union it expects to deliver less than half the COVID-19 vaccines it was contracted to supply in the second quarter, an EU official told Reuters on Tuesday. Contacted by Reuters, AstraZeneca did not deny what the official said, but a statement late in the day said the company was striving to increase productivity to deliver the promised 180 million doses. The EU official, who is directly involved in talks with the Anglo-Swedish drugmaker, said the company had told the bloc during internal meetings that it "would deliver less than 90 million doses in the second quarter." A spokesman for AstraZeneca said, “the company's most recent Q2 forecast for the delivery of its COVID-19 vaccine aims to deliver in line with its contract with the European Commission." He added: "At this stage AstraZeneca is working to increase productivity in its EU supply chain and to continue to make use of its global capability in order to achieve delivery of 180 million doses to the EU in the second quarter."

Boeing Co, Raytheon Technologies Corp & United Airlines Holdings Inc: The Federal Aviation Administration (FAA) said it was ordering immediate inspections of Boeing 777 planes with Pratt & Whitney PW4000 engines before further flights after an engine failed on a United Airlines flight on Saturday. Operators must conduct a thermal acoustic image inspection of the large titanium fan blades located at the front of each engine, the FAA said. "Based on the initial results as we receive them, as well as other data gained from the ongoing investigation, the FAA may revise this directive to set a new interval for this inspection or subsequent ones," the FAA said. A spokeswoman for Pratt, owned by Raytheon Technologies, said fan blades would need to be shipped to its repair station in East Hartford, Connecticut, for the fresh inspections, including those from airlines in Japan and South Korea. Boeing said it supported the FAA's latest inspection guidance and would work through the process with its customers. United said it would comply with the airworthiness directive.

Banco Bilbao Vizcaya Argentaria SA: The Spain-based bank is considering cutting around 3,000 jobs in its home market, or around 10% of its staff there, to adapt to the rise in online banking, newspaper Expansion reported, citing sources with knowledge of the matter. The lender declined to comment. A spokeswoman for Comisiones Obreras, the biggest union at the bank, said negotiations or meetings with the bank on potential job cuts had not started yet. It has around 29,300 employees in Spain out of around 123,000 globally. The cuts would be roughly in line with similar measures taken by other Spanish lenders.

Barclays PLC & HSBC Holdings PLC: Both the banks which have pledged to stop financing new coal projects, have been challenged by a legal group over a Japanese bond it says will contribute to the financing of coal-fired power in Vietnam. Both banks have come under pressure from investors keen to see them do more to help the world shift to a low-carbon economy and HSBC faces a shareholder vote over its fossil fuel financing at its annual meeting in April. While both have policies to refrain from financing new coal plants, the complaint focuses on their alleged role in helping to fund others who go on to finance such projects. Legal experts say this could be just the first in a series of challenges to banks over indirect financing at odds with their climate commitments. HSBC declined to comment when contacted by Reuters. Barclays and JBIC did not immediately return requests for comment.

BHP Group Ltd: The miner has launched a joint investigation with an Indigenous group into what caused a rock fall at a culturally significant rock shelter at its iron ore operations in Western Australia, both groups said. BHP discovered the damage to the site of significance to the Banjima people on Jan. 29, as part of monitoring at its Mining Area C operations. It informed its Banjima partners and the groups agreed to set up a probe into the incident, BHP President Minerals Australia, Edgar Basto said in a statement. “This site is not part of current mining operations. The cause of this rock fall is not known," Basto said in a statement late on Tuesday. "We will continue to work with the Banjima in a spirit of respect and cooperation,” BHP said.

Churchill Capital IV Corp: Shares of the blank-check company fell on Tuesday, as its merger with electric vehicle maker Lucid Motors sparked concerns about the real worth of the company which has yet to start regular production. The share slump followed weeks of speculation about the deal that had pushed the stock of Churchill Capital IV, a special purpose acquisition company (SPAC), up more than 500%. Still, even after the slide, Churchill Capital IV's stock price implied a $56 billion market capitalization for Lucid once the deal closes, making it one of the highest valued vehicle makers in the world, and marking a hefty premium to the price at which the Lucid agreed to merge with Churchill Capital IV. It also implied a paper gain of nearly $3.3 billion for veteran dealmaker Michael Klein and his partners in the blank-check acquisition firm. "We've got the marriage made in heaven. The royalty of SPACs is Michael Klein and Churchill Capital IV," Lucid Chief Executive Peter Rawlinson told Reuters in an interview.

Deutsche Bank AG & Mastercard Inc: Both the companies said they would deepen their collaboration as the German lender aims for a greater share of the payments business. The partnership will seek to jointly develop digital payment solutions for companies, they said. "The coronavirus pandemic has triggered exponential growth in corporates' demand for digital payment solutions," said Ole Matthiessen, Deutsche Bank's global head of cash management.

Moderna Inc, Novavax Inc & Takeda Pharmaceutical Co: Takeda said the first patient had been given Novavax's COVID-19 vaccine candidate in a Japanese clinical trial. Takeda, Japan's biggest drugmaker, is helping bring two Western-developed COVID-19 vaccines to the domestic market. It plans to produce about 250 million doses of the Novavax vaccine in Japan and will import 50 million of the one made by Moderna. The first volunteer was given a Novavax dose as part of a combined phase I and II study of 200 adult volunteers in Japan, Takeda said in a release. A separate domestic study of the Moderna vaccine has reached full enrollment after it began last month, the company said. Pending regulatory approval, Takeda plans to start distributing the Moderna vaccine in the first half of this year, while Novavax's is expected in late 2021.

Nasdaq Inc: Two organizations representing people with disabilities asked the exchange operator to be more inclusive in the company's proposal to require all of its listed companies to adopt new rules related to board diversity. People with disabilities should be included in Nasdaq's definition of an underrepresented minority given their extreme social isolation, economic isolation and economic inequality, said Ted Kennedy Jr, chairman of the American Association of People With Disabilities (AAPD). "I can't think of any single pronouncement that could have more of an impact on disability inclusion in the workplace than this proposal," he said in an interview. Nasdaq said in a statement it was encouraged by all of the positive feedback on its proposal and that it was listening to all perspectives.

Oshkosh Corp: The U.S. Postal Service (USPS) said it will award a multibillion-dollar, 10-year contract to Oshkosh Defense to manufacture a new generation of postal delivery vehicles. Under the initial $482 million investment, Oshkosh Defense, a unit of the company, will finalize the production design, testing and vehicle tooling necessary prior to vehicle production. The per-vehicle price was not disclosed. The contract, which could be worth more than $6 billion in total, allows for delivery of between 50,000 and 165,000 of the vehicles over 10 years, which will be a mix of internal combustion-powered and battery-electric vehicles. John Bryant, Oshkosh Defense's president, said in an interview with Reuters that the winning vehicle "is not a Ford Transit ... but is a purpose-built vehicle."

Petroleo Brasileiro SA: The board of Brazilian state-run oil company called an extraordinary shareholders' meeting, a move that all but guarantees the exit of Chief Executive Roberto Castello Branco. In a statement, Petroleo Brasileiro, said it had called the meeting in response to a request by the nation's Mines and Energy Ministry. At the meeting, shareholders are expected to formalize the replacement of Castello Branco with Joaquim Silva e Luna, a general picked by President Jair Bolsonaro. In the statement, Petrobras quoted the board as saying it "will continue to watch over governance standards at Petrobras, including what those standards say with respect to the pricing policies of the company's products."

RMG Acquisition Corporation II: India's largest renewable energy firm ReNew Power agreed to go public through a merger with the blank-check firm RMG Acquisition Corporation II, in a deal that values the merged entity at roughly $8 billion. The deal will be financed with cash proceeds of $1.2 billion, including investments of $855 million from investors including serial blank-check dealmaker Chamath Palihapitiya, funds managed by BlackRock and Sylebra Capital among others.

Stellantis NV: The chief executive of the carmaker said average production costs for cars in Italy were higher than in other countries where the automaker operates, like France and Spain, but it was not due to labor costs, according to two union sources. Carlos Tavares, the CEO of the carmaker, was in Turin to meet local worker representatives at one the group's facilities. A union source, who attended the meeting, said Tavares told workers he wanted to reduce the additional costs Stellantis was now paying to produce cars in Italy, compared to similar vehicles in France and Spain. Tavares did not give details about what was causing the higher costs, though he said they were not attributable to wages, the source added.

Tesla Inc: Cathie Wood's Ark Invest funds bought a further $171 million of Tesla shares on Tuesday, the fund group said, after the electric carmaker's stock fell sharply and closed below $700 for the first time this year. The sell-off triggered heavy trading, with $5 billion of ARK Innovation shares changing hands on Tuesday - more than double the previous session's volume. The fund traded slightly higher on Wednesday but has lost 9% this week. According to Ark Invest's website, the Tesla share purchases were carried out in three instalments worth about $124 million, $39 million and $8 million. On the same day Ark Invest's funds also sold $126 million of Taiwan Semiconductor's U.S.-listed shares. Ark Invest now holds a more than 0.5% stake in Tesla for a weighting of 6.6% across all its funds.

Vodafone Group PLC: Vantage Towers, the mobile masts company spun out of the company, plans to float in Frankfurt by the end of March in a deal that could value it at up to 18 billion euros, making it Europe's largest listing so far this year. Vantage operates about 82,000 towers across 10 countries, where it is usually the leading or second largest supplier. Germany is its largest market, which is one of the reasons for the venue of the IPO. Vodafone said it would sell a "meaningful minority" stake to create a liquid market in Vantage Towers' shares. No new shares will be on offer, meaning Vantage will not reap proceeds from the deal. People familiar with the matter said stock worth about 3 billion euros would be sold, possibly giving the company a valuation of 15-18 billion euros.


ANALYSIS
Urban states come out ahead, rural states get less in Biden's COVID-19 relief bill
The $1.9 trillion COVID-19 relief package now making its way through the U.S. Congress would provide $350 billion to help pandemic-hit state and local governments balance their budgets, more than twice the amount lawmakers approved last year. But not every state comes out ahead: urban, Democratic-led states like Connecticut, New York and Massachusetts that took drastic steps to stop the coronavirus' spread would get about three times as much money per person as they did in the package passed at the beginning of the health crisis in March.


ANALYSTS' RECOMMENDATION
Dow Inc: Jefferies raises target price to $73 from $70, citing the company’s improved prospects with global demand growth in consumer goods and consumer durables.

Home Depot Inc: JPMorgan cuts target price to $285 from $294, noting the company’s uncertain revenue growth outlook and lower gross margin forecast.

Mcafee Corp: Piper Sandler raises target price to $25 from $22, citing the company’s better-than-expected revenue growth in its fourth quarter and higher consumer subscription.

Medtronic Plc: Cowen and Company raises target price to $135 from $120, following the company’s higher revenue guidance and improved operating margin in the coming quarters.

Thomson Reuters Corp: RBC raises target price to $98 from $92, following the company’s better-than-expected fourth-quarter results and higher organic revenue growth.


ECONOMIC EVENTS (All timings in U.S. Eastern Time)
0800 (approx.) Building permits R number for Jan: Prior 1.881 mln
0800 (approx.) Building permits R change mm for Jan: Prior 10.4%
1000 (approx.) New home sales-units for Jan: Expected 0.855 mln; Prior 0.842 mln
1000 (approx.) New home sales change mm for Jan: Expected 2.1%; Prior 1.6%


COMPANIES REPORTING RESULTS
L Brands Inc: Expected Q4 earnings of $2.91 per share
Lowe's Companies Inc: Expected Q4 earnings of $1.21 per share
NetApp Inc: Expected Q3 earnings of $1.01 per share
NVIDIA Corp: Expected Q4 earnings of $2.81 per share
Pinnacle West Capital Corp: Expected Q4 earnings of 4 cents per share
Public Storage: Expected Q4 earnings of $1.94 per share
TechnipFMC PLC: Expected Q4 earnings of 20 cents per share
TJX Companies Inc: Expected Q4 earnings of 62 cents per share
ViacomCBS Inc: Expected Q4 earnings of $1.02 per share


CORPORATE EVENTS (All timings in U.S. Eastern Time)
0800 Elanco Animal Health Inc: Q4 earnings conference call
0800 Equitable Holdings Inc: Q4 earnings conference call
0800 SAGE Therapeutics Inc: Q4 earnings conference call
0800 SiteOne Landscape Supply Inc: Q4 earnings conference call
0830 HollyFrontier Corp: Q4 earnings conference call
0830 Iron Mountain Inc: Q4 earnings conference call
0830 Neogenomics Inc: Q4 earnings conference call
0830 Repligen Corp: Q4 earnings conference call
0830 Toll Brothers Inc: Q1 earnings conference call
0830 Travel + Leisure Co: Q4 earnings conference call
0830 Verisk Analytics Inc: Q4 earnings conference call
0900 Clean Harbors Inc: Q4 earnings conference call
0900 HEICO Corp: Q1 earnings conference call
0900 Ionis Pharmaceuticals Inc: Q4 earnings conference call
0900 Lowe's Companies Inc: Q4 earnings conference call
0900 PPD Inc: Q4 earnings conference call
0900 United Therapeutics Corp: Q4 earnings conference call
0900 WEX Inc: Q4 earnings conference call
1000 Avangrid Inc: Q4 earnings conference call
1000 Chemed Corp: Q4 earnings conference call
1000 Exelon Corp: Q4 earnings conference call
1000 Owl Rock Capital Corp: Q4 earnings conference call
1000 Pioneer Natural Resources Co: Q4 earnings conference call
1100 AECOM: Annual Shareholders Meeting
1100 Berry Global Group Inc: Annual Shareholders Meeting
1100 Cabot Oil & Gas Corp: Q4 earnings conference call
1100 Deere & Co: Annual Shareholders Meeting
1100 Entergy Corp: Q4 earnings conference call
1100 Flowserve Corp: Q4 earnings conference call
1100 Pinnacle West Capital Corp: Q4 earnings conference call
1100 TJX Companies Inc: Q4 earnings conference call
1100 Vertiv Holdings Co: Q4 earnings conference call
1300 Tetra Tech Inc: Annual Shareholders Meeting
1330 VEREIT Inc: Q4 earnings conference call
1400 Western Midstream Partners LP: Q4 earnings conference call
1615 ViacomCBS Inc: Q4 earnings conference call
1630 ACADIA Pharmaceuticals Inc: Q4 earnings conference call
1630 Adaptive Biotechnologies Corp: Q4 earnings conference call
1630 Booking Holdings Inc: Q4 earnings conference call
1630 Magnite Inc: Q4 earnings conference call
1630 Nevro Corp: Q4 earnings conference call
1630 Nutanix Inc: Q2 earnings conference call
1630 Redfin Corp: Q4 earnings conference call
1630 STAAR Surgical Co: Q4 earnings conference call
1630 Tandem Diabetes Care Inc: Q4 earnings conference call
1630 Teladoc Health Inc: Q4 earnings conference call
1700 Elastic NV: Q3 earnings conference call
1700 Fate Therapeutics Inc: Q4 earnings conference call
1700 Guardant Health Inc: Q4 earnings conference call
1700 NVIDIA Corp: Q4 earnings conference call
1700 Pure Storage Inc: Q4 earnings conference call
1730 NetApp Inc: Q3 earnings conference call
2000 Bilibili Inc: Q4 earnings conference call


EX-DIVIDENDS
Applied Materials Inc: Amount $0.22
Moody's Corp: Amount $0.62
Robert Half International Inc: Amount $0.38
Tempur Sealy International Inc: Amount $0.07

Wo 24 feb. 2021, 08:40

Wake-up call: Nasdaq extreem volatiel door onzekerheden

De futures staan wat lager vanmorgen, wel blijft alles behoorlijk volatiel zodat het niet logisch is om er een stand bij te plaatsen want over een half uur is die toch anders en dat kan een groot verschil zijn in deze fase. Toch hebben we een stevig herstel gezien op Wall Street gisteren tijdens het laatste uur met zelfs nog net een plus voor de Dow Jones en de SP 500. De Nasdaq en de Nasdaq 100 verloren dan wel iets maar vergeet niet dat deze index gedurende de sessie even fors lager stond, zelfs tot bijna 4% lager meteen na de opening waar alles weer in de uitverkoop werd gedaan.

Vooral na de getuigenis van FED-voorzitter Jerome Powell voor het Congres wist de markt te draaien na de forse daling vooraf zijn commentaar. Verder kwam er weer optimisme over het einde van de sociale beperkingen die vrijwel overal naar voren komen, dat zet vooral de reis- en vrijetijdsaandelen hoger, ook de Transport aandelen blijven sterk liggen en dat al een langere periode. Naast de aandelen binnen deze sectoren zien we ook de energie prijzen oplopen, vooral de olie blijft sterk liggen en wist opnieuw wat hoger te sluiten dinsdag.

Jerome Powell ontkende gisteren de suggestie dat een te soepel monetair beleid met de oplopende inflatie en financiële risico's ervoor kan zorgen dat er een economische hausse op gang komt. Hij zei ook dat de centrale bank de aandacht vooral blijft richten om de Amerikaan weer aan het werk te krijgen na het verlies van de vele banen. Verder zal het vaccin voor de rest zorgen later dit jaar gaf hij ook nog aan. En zo zijn we weer op de hoogte van hoe de FED erin staat en dat er mogelijk wat rust kan komen op de rentemarkten, voorlopig in ieder geval.

Waardering, technische conditie markt:
Vorige week gaf ik al aan dat er een correctie zou komen op Wall Street en dan vooral bij de TOP 8 aandelen, we zien die correctie nu bij de Nasdaq en de Nasdaq 100, ook de semi-conductor index kende een slechte sessie maandag en moest ook gisteren inleveren. De correctie zien we dus vooral bij de tech aandelen en dus bij die grote 8 waar ik het steeds over heb. Daardoor valt het meteen ook op dat de correctie niet overal ofwel in de gehele breedte van de markt op gang komt want indices met de meer traditionele economie zoals de Dow Jones Industrials en de Dow Transport weten zelfs nog te plussen en dat voor de 2e sessie na elkaar deze week. Ze staan dan ook rond hun recordstand nog steeds.

De sectoren die het goed doen zijn nu de Transport, de industrie aandelen, de energie, de vrije tijd sector, de reis sector en de banken. Na wat we de afgelopen dagen hebben gezien ga ik nog steeds uit van een 8 tot 12% correctie bij de technologie indices. Wat de andere sectoren en indices gaan doen valt moeilijk te zeggen nu, het is logisch dat de Tech fors onderuit gaat maar het is wat moeilijk te begrijpen dat de correctie de rest niet met zich mee trekt.

Vergeet ook niet dat de retail ofwel nieuwe beleggers niet in die traditionele aandelen zitten maar juist in die grote winners van de afgelopen periode. Mogelijk worden er daar veel uitgeduwd en krijgen we een herschikking in de markt zodat we later verder kunnen met de echte markt kenners die er ook een beetje klaar mee zijn dat er zo fors werd gespeculeerd door een nieuwe groep die totaal onervaren met de beurs bezig zijn. Hou er wel rekening mee dat er tussendoor zeker nog hersteldagen komen met ook dan sector rotaties.

De afgelopen week enkele posities goed kunnen sluiten:
Deze maand verloopt nog altijd naar wens, voor de 3e maand op rij is er winst maar de markt blijft moeilijk en uitdagend zodat ik voorzichtig moet blijven. Het is zeker ook niet de bedoeling om teveel risico te nemen, we moeten de markt rustig benaderen en vooral kalm blijven. Meedoen kan door lid te worden via de nieuwe aanbieding tot 1 MEI en dat voor €39 ...

De LIVEBLOG en. Twitter:
Via de LIVEBLOG en tussendoor ook via mijn Twitter account laat ik gedurende de dag ook wat grafiekjes met korte uitleg voorbij komen over de markt. Op Twitter kunt u mij volgen via @USMarkets dan kunt u deze snelle informatie die ik deel uiteraard ook inzien .... https://twitter.com/USMarkets , ook opvallende beursfeiten komen er vaak langs !

Euro, olie en goud:
De euro zien we nu rond de 1.215 dollar, de prijs van een vat Brent olie komt uit op 64,25 dollar terwijl een troy ounce goud nu op 1808 dollar staat.

Inter Market overzicht op slotbasis ...

Wordt nu lid tot 1 MEI voor €39 (nieuwe aanbieding):
Blijven schakelen tussen long en short blijft daarbij belangrijk de komende weken. Ook deze maand komen er nog genoeg kansen. Doe nu in ieder geval mee met de proef aanbieding voor nieuwe leden, die loopt tot 1 MEI en dat met een mooie korting !! ... €39 tot 1 MEI 2021 ... en voor Polleke €49 tot 1 MEI 2021 !!!

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Guy Boscart

Grafieken markt overzicht dinsdag ...

Schermafbeelding 2021 02 24 om 07 39 07
Wo 24 feb. 2021, 08:02

Marktcijfers

Actueel Verwacht Vorige
DEU DEU: Duitse BBP (Kwartaal) (Q4) 08:00 0,3% 0,1% 8,5% Actueel: 0,3% Verwacht: 0,1% Vorige: 8,5%
Wo 24 feb. 2021, 07:36

Markt snapshot Europa 24 februari

GLOBAL TOP NEWS
Federal Reserve Chair Jerome Powell, pushing back on suggestions that loose monetary policy risked unleashing inflation and financial risks in what may be an emerging economic boom, said the central bank would keep its attention focused on getting Americans back to work as a vaccine-related recovery proceeds.

Europe's top banks must justify why they should not have to shift clearing of euro-denominated derivativesworth billions of euros from London to the European Union after Brexit, an EU document seen by Reuters on Tuesday showed.

The Federal Aviation Administration said on Tuesday it was ordering immediate inspections of Boeing 777planes with Pratt & Whitney PW4000 engines before further flights after an engine failed on a United flight on Saturday.


EUROPEAN COMPANY NEWS
AstraZeneca has told the European Union it expects to deliver less than half the COVID-19 vaccines it was contracted to supply in the second quarter, an EU official told Reuters on Tuesday.

Cassa Depositi e Prestiti (CDP) on Tuesday gave the go-ahead to submit an offer to buy Atlantia's 88% stake in Autostrade per l'Italia unit, CDP said, after two sources told Reuters the bid would value 100% of Autostrade 9 billion euros.

Telecom Italia said on Tuesday it expected profit and sales to stabilise this year after a difficult 2020 as it prepares to hand CEO Luigi Gubitosi a second term at the helm of Italy's biggest phone group.


TODAY'S COMPANY ANNOUNCEMENTS
Aalberts NV FY 2020 Earnings Release
Aareal Bank AG Preliminary Q4 2020 Earnings Call
Accor SA FY 2020 Earnings Call
Aena SME SA FY 2020 Earnings Call
Ageas SA Q4 2020 Earnings Release
Alcon AG Q4 2020 Earnings Call
alstria office REIT AG Q4 2020 Earnings Release
AMG Advanced Metallurgical Group NV Q4 2020 Earnings Release
Asetek A/S Q4 2020 Earnings Release
Axway Software SA FY 2020 Earnings Release
Bankers Investment Trust PLC Annual Shareholders Meeting
Better Collective A/S FY 2020 Earnings Call
Biomerieux SA FY 2020 Earnings Call
BTS Group AB Q4 2020 Earnings Call
Catena Media PLC FY 2020 Earnings Call
EDP Energias de Portugal SA FY 2020 Earnings Release
EDP Renovaveis SA FY 2020 Earnings Call
EFG International AG FY 2020 Earnings Call
Eiffage SA FY 2020 Earnings Release
Ence Energia y Celulosa SA Q4 2020 Earnings Call
Endesa SA FY 2020 Earnings Call
Georgia Capital PLC Q4 2020 Earnings Call
Glanbia PLC FY 2020 Earnings Release
Gooch & Housego PLC Annual Shareholders Meeting
Horizon Therapeutics PLC Q4 2020 Earnings Call
Iberdrola SA FY 2020 Earnings Call
ICON PLC FY 2020 Earnings Release
Indra Sistemas SA Q4 2020 Earnings Release
Insr Insurance Group ASA Q4 2020 Earnings Call
Kneat.com Inc Q4 2020 Earnings Call
Laboratorios Farmaceuticos ROVI SA FY 2020 Earnings Call
LivaNova PLC Q4 2020 Earnings Call
Lloyds Banking Group PLC FY 2020 Earnings Release
Luxfer Holdings PLC Q4 2020 Earnings Call
Mediaset Espana Comunicacion SA FY 2020 Earnings Release
Metro Bank PLC FY 2020 Earnings Call
New Work SE Preliminary Q4 2020 Earnings Call
Nexity SA FY 2020 Earnings Release
Next Biometrics Group ASA Q4 2020 Earnings Call
NH Hotel Group SA FY 2020 Earnings Release
NKT A/S Q4 2020 Earnings Call
Oneview Healthcare PLC FY 2020 Earnings Call
Ontex Group NV FY 2020 Earnings Release
Paragon Banking Group PLC Annual Shareholders Meeting
PCI Biotech Holding ASA Q4 2020 Earnings Release
Promotora de Informaciones SA Q4 2020 Earnings Call
Puma SE Q4 2020 Earnings Release
Reckitt Benckiser Group PLC FY 2020 Earnings Release
Scor SE FY 2020 Earnings Release
Shurgard Self Storage SA FY 2020 Earnings Call
Solvay SA Q4 2020 Earnings Release
Streamwide SA Shareholders Meeting
Sulzer AG FY 2020 Earnings Call
TCM Group A/S Q4 2020 Earnings Call
TechnipFMC PLC Q4 2020 Earnings Release
Telefonica Deutschland Holding AG Preliminary Q4 2020 Earnings Call
Tenaris SA Q4 2020 Earnings Release
Ternium SA Q4 2020 Earnings Call
Venator Materials PLC Q4 2020 Earnings Call
Wienerberger AG FY 2020 Earnings Release
Wolters Kluwer FY 2020 NV Earnings Release
Worldline SA FY 2020 Earnings Call


ECONOMIC EVENTS (All times GMT)
0700 (approx.) Germany GDP Detailed qq SA for Q4 : Expected 0.1%; Prior 0.1%
0700 (approx.) Germany GDP Detailed yy NSA for Q4 : Expected -2.9%; Prior -2.9%
0700 (approx.) Germany GDP Detailed yy SA for Q4 : Expected -3.9%; Prior -3.9%
0745 France Business Climate Manufacturing for Feb : Expected 99; Prior 98
0745 (approx.) France Business Climate Overall for Feb : Prior 92
0800 (approx.) Spain Overnight Stays for Jan : Prior 3,191,715
0900 Switzerland Investor Sentiment for Feb : Prior 43.2
0900 Austria Purchasing Managers Index for Feb : Prior 54.2