Liveblog Archief woensdag 28 april 2021

TOP NEWS
• Fed likely to stay the course despite U.S. economy's growing momentum
The U.S. economy has had a steady run of good news in recent months, with job gains accelerating as businesses reopen and forecasters projecting that 2021 will see the strongest GDP growth in decades.

• Tesla says bitcoin investment worth $2.48 billion
Tesla said that the fair market value of bitcoin the electric carmaker held as of March 31 was $2.48 billion, suggesting it could stand to make around $1 billion dollars out of the investment were it to cash in the digital currency.

• Health insurer Humana beats profit estimates on Medicare Advantage strength
Humana Inc beat Wall Street estimates for quarterly profit, benefiting from higher sales of its Medicare advantage plans for the elderly and people with disabilities.

• Alphabet sets profit record, plans $50 billion buyback
Google parent Alphabet on Tuesday reported record profit for the second consecutive quarter and a $50 billion share buyback but warned a surge in usage and ad sales during the pandemic may slow as people resume in-person activities.

• Microsoft sales grow on cloud strength, shares dip on heightened valuation
Microsoft on Tuesday met analysts' quarterly sales expectations and beat profit estimates, but its shares fell slightly reflecting some skepticism about one-off benefits included in the results and high hopes after a year-long rally.


BEFORE THE BELL
U.S. stock index futures were subdued ahead of the Federal Reserve’s policy decision as investors look out for further cues on how the central bank will respond to increasing signs of economic recovery. Investors also await quarterly results from Apple, Facebook and Ford, which are expected after the closing bell. European shares were mostly higher, buoyed by strong results from Deutsche Bank and Lloyds Banking Group. Asian equities ended in the green. The dollar rebounded as U.S. Treasury yields rose, while gold prices were in the negative territory. Oil prices gained on forecasts of recovery in global fuel demand.


STOCKS TO WATCH

Results
• Advanced Micro Devices Inc: The company raised its annual revenue forecast, betting on strong demand for its chips used in data centers and personal computers as its chief executive said she was confident the company could source the chips despite a global supply shortage. The company said it now expected 2021 revenue to rise 50% from a year earlier, implying a figure of $14.64 billion, compared with its previous forecast of a 39% jump. Revenue in the first quarter soared 93% to $3.45 billion, beating a Refinitiv IBES estimate of $3.21 billion, thanks in part to higher average selling prices for its chips. Excluding items, the company earned 52 cents per share, exceeding expectations of 44 cents per share.

• Alphabet Inc: The Google parent reported record profit for the second consecutive quarter and a $50 billion share buyback but warned a surge in usage and ad sales during the pandemic may slow as people resume in-person activities. With online consumer activity remaining elevated in the first quarter, Alphabet beat analysts' revenue estimates and nearly surpassed the sales record it set in the fourth quarter. The results provided the first sign that Google services such as search and YouTube may hold on to gains made since lockdowns and other pandemic restrictions forced people to shop and communicate online over the last year. Alphabet's quarterly profit was $17.9 billion, or $26.29 per share, beating estimates of $15.88 per share and topping its previous-high of $15.2 billion last quarter.

• Amgen Inc: The company said its first-quarter sales and profit fell due to a 7% drop in its net drug prices and the COVID-19 pandemic, which continued to limit patient interactions with healthcare providers. The company's quarterly adjusted earnings per share fell 12% from a year earlier to $3.70, short of the $4.04 forecast by Wall Street analysts, as calculated by Refinitiv. For the full year, Amgen said it still expects adjusted earnings of $16.00 to $17.00 per share on revenue of $25.8 billion to $26.6 billion, but lowered its net EPS forecast to a range of $9.11 to $10.71 from a previous $12.12 to $13.17. Company officials said Amgen continues to expect 2021 net selling prices for its drugs to fall by a rate in the mid-single digits due to increased competition, including cheaper generics and biosimilars.

• Banco Santander SA: The bank beat first-quarter forecasts, signalling that the worst of the coronavirus crisis may be over by not adding to provisions for the pandemic and by booking record earnings in the United States. The euro zone's second-biggest lender by market value reported a net profit of 1.608 billion euros versus 331 million a year earlier. That beat the 1.38 billion euros expected by analysts polled by Reuters, but was still short of the 1.84 billion recorded in the same quarter in 2019, before the pandemic. Santander's loan loss provisions for the quarter were 1.99 billion euros. Overall, net interest income fell 6.3% against the same quarter last year to 7.956 billion euros, in line with analyst's estimates.

• Deutsche Bank AG: The German lender posted a better-than-expected net profit for the first quarter, driven by its investment banking activities which outperformed major U.S. rivals. The bank reported a first-quarter net profit attributable to shareholders of 908 million euros versus a year-earlier loss of 43 million. That beat consensus profit expectations of around 600 million euros. Deutsche said it now expects revenue to be essentially flat in 2021 compared with a previous estimate of marginally lower. Deutsche's key fixed-income and currency sales and trading business, with revenue up 34% at nearly 2.5 billion euros, marked its best quarter since 2015.

• Humana Inc: The company beat Wall Street estimates for quarterly profit, benefiting from higher sales of its Medicare advantage plans for the elderly and people with disabilities. Sales from the company's retail unit rose 11% to $18.65 billion in the quarter, as it added more members to its individual Medicare Advantage plans and on higher premium rates. Excluding items, the company earned $7.67 per share in the first quarter, beating the average analyst estimate of $7.06 per share, according to IBES data from Refinitiv. Its consolidated benefit ratio, the percentage of premiums spent on claims, worsened to 85.9% from 85.1% a year earlier. The company said it would acquire the 60% stake it did not own in home health and hospice provider Kindred at Home for $5.7 billion, to strengthen its patient care business.

• LG Display Co Ltd: The company swung to a profit for the January-March quarter, its third consecutive quarterly profit, helped by rising panel prices driven by TV and laptop demand as people stayed at home. However, but a shortage of semiconductors threatens production for the months ahead, analysts said. The display maker that supplies Apple reported an operating profit of 523 billion won for the first quarter compared with an operating loss of 362 billion won in the same period a year earlier. That topped the 443 billion won expected by analysts, Refinitiv SmartEstimate data showed. Revenue rose 46% to 6.9 trillion won, LG Display said in a regulatory filing.

• Lloyds Banking Group PLC: Britain's biggest domestic lender smashed quarterly profit forecasts and freed up some cash set aside to cover bad loans, ending CEO António Horta-Osório's decade in charge on a high as Britain's pandemic-hit economy shows signs of recovery. The bank said it made 1.9 billion pounds of pretax profit in the first three months of the year, comfortably ahead of analysts' forecasts and the 74 million pounds reported a year earlier. The bank's profits were boosted by the release of 459 million pounds that had been set aside for expected bad loans. Lloyds said return on tangible equity was now expected to be 8-10% this year, while net interest margin would be above 2.45%. Costs would be trimmed below 7.5 billion pounds, it said.

• Microsoft Corp: The company met analysts' quarterly sales expectations and beat profit estimates, but its shares fell slightly reflecting some skepticism about one-off benefits included in the results and high hopes after a year-long rally. Net income for the third quarter jumped 44% on a year ago to $15.5 billion. Revenue and adjusted earnings per share were $41.7 billion and $1.95 per share, above analysts' estimates of $41.03 billion and $1.78 per share, according to data from Refinitiv. Overall sales at Microsoft's "intelligent cloud" unit that contains Azure were $15.1 billion, above analysts' estimates of $14.92 billion, according to Refinitiv data.

• Mondelez International Inc: The company warned of a price hike to combat higher raw material costs, after posting strong quarterly results as customers munched more of their favourite snacks to beat boredom during coronavirus lockdowns. The price hike will be implemented gradually and incremental inflation will be manageable as most raw materials are hedged for 2021, Chief Financial Officer Luca Zaramella said. The company’s total revenue rose 7.9% to $7.24 billion, beating a Refinitiv IBES estimate of $7.02 billion, as it also benefited from strong demand during the festive Chinese New Year and Easter periods. Excluding items, it earned 77 cents per share, 8 cents more than expectations.

• Pinterest Inc: Slowdown in the company's user growth tarnished an otherwise strong quarterly report card, even though the company forecast current-quarter revenue above estimates. Pinterest's monthly active users grew only 30% to 478 million in the first quarter. That was in contrast to last quarter's 37% jump on a year-over-year basis. Besides the slowdown in user growth, Pinterest reported better-than-expected numbers in its reported quarter. Revenue soared 78% to $485 million, beating expectations of $473.7 million. The company said it expected revenue to rise 105% in the second quarter, which implies a figure of about $558 million, compared with a Refinitiv IBES estimate of $530 million.

• Sanofi SA: The French drugmaker confirmed its 2021 targets after it posted stronger-than-expected first quarter results as sales of its star eczema treatment as well as flu and polio vaccines helped offset a dip in cough and cold treatments dented by lockdowns. The company said it expected results next months from a phase II study evaluating the shot. Sanofi's first-quarter net income was up 14.7% at 2.017 billion euros at constant exchange rates. Revenue rose 2.4% to 8.6 billion euros.

• Sony Corp: The company said it expects operating income to slip 4.3% this business year following record profit from sales of music, games and other content to people forced to stay at home by COVID-19 lockdown measures. For the business year that started on April 1, Sony forecast profit to fall to 930 billion yen, missing the 976.4 billion yen average of 19 analyst estimates. In the three months through March, Sony posted a profit of 66.5 billion yen - almost double the same period a year earlier. That result compared with a 76.1 billion yen average of five analyst estimates compiled by Refinitiv.

• Spotify Technology SA: The company forecast current quarter paid subscribers below Wall Street estimates, after its first-quarter results beat expectations driven by growth in countries such as the United States and India. The company expects total premium subscribers in the range of 162 million to 166 million for the second quarter. It forecast total revenue in a 2.16 billion euro to 2.36 billion euro range for the second quarter. Analysts expected revenue of 2.27 billion euros. The company’s premium subscribers were up 21% to 158 million from a year earlier. Analysts on average were expecting the company to have 157.5 million paid subscribers, according to IBES data from Refinitiv. Revenue rose to 2.15 billion euros, from 1.85 billion euros a year earlier, beating a consensus forecast of 2.14 billion euros.

• Starbucks Corp: The company missed quarterly sales estimates, sending shares down, even though the coffee chain raised its annual forecast for revenue and profit on the expectation that more customers will return as they get vaccinated. The company’s revenue rose 11% to $6.67 billion for the second quarter ended March 28, falling short of the estimate of $6.82 billion. Global comparable sales were hurt by weakness at its international business, where the COVID-19 pandemic has forced governments to restrict travel and shut cafes. Still, the company raised its 2021 revenue forecast to between $28.5 billion and $29.3 billion. It expects adjusted earnings per share between $2.90 and $3.

• Teck Resources Ltd: The Canadian miner reported a 246.8% jump in first-quarter adjusted profit, driven by higher copper prices as COVID-19 vaccine rollouts boosted investment demand for raw materials. Average price realized for copper rose 54% to $3.92 per pound in the first quarter, while sales stood at 67,000 tonnes compared with 73,000 tonnes a year earlier. Net adjusted income rose to C$326 million, or 61 Canadian cents per share, in the first quarter ended March 31, from C$94 million, or 17 Canadian cents per share, a year earlier. Analysts were expecting a profit of 62 Canadian cents.

• Texas Instruments Inc: The company reported better-than-expected quarterly revenue, thanks to strong demand for its chips used in personal electronic gadgets such as televisions and PCs. The company said it expected second-quarter revenue in a range of $4.13 billion to $4.47 billion, above analysts' expectations of $4.16 billion, according to IBES data from Refinitiv. Total revenue rose to $4.29 billion from $3.33 billion in the first quarter. Analysts on average were expecting $3.99 billion, according to IBES data from Refinitiv. Net income rose to $1.75 billion, or $1.87 per share, in the first quarter, from $1.17 billion, or $1.24 per share, a year earlier.

• Veoneer Inc: The automotive technology group reported a bigger-than-expected loss for the first quarter amid cost pressures from a global chip shortage, but stood by guidance for like-for-like sales growth of more than 25% this year. Sweden-based Veoneer said operating losses eased to $104 million from $122 million in the year-ago quarter to come in short of a mean analysts' forecast for a loss of $82 million.

• Visa Inc: The company is emerging from the COVID-19 pandemic, its top boss said, as a surge in online shopping helped the world's biggest payment processor beat Wall Street estimates for quarterly profit and counter sluggish travel spending. Visa's total payment volumes rose 11% on a constant dollar basis from a year earlier, its biggest jump since the start of the pandemic. It saw a return to positive growth for credit and card present transactions, while debit and ecommerce also grew, Kelly Jr said. U.S. debit cards volumes soared 31% to $806 billion. Visa reported net income of $1.38 per Class A share for the second quarter, compared with analysts' estimates of $1.27 per share.

• WPP PLC: The world's biggest advertising company returned to underlying growth in the first quarter of the year after clients launched new products and brands ahead of an expected global economic recovery. Having posted a 6.5% drop in underlying net sales in the fourth quarter, the group said sales jumped by 3.1% in the first three months as clients "seek to transform their offer for future growth". Analysts had expected the group's net sales to drop 1.5%. The group reported its first quarterly rise in underlying net sales since the third quarter of 2019, and its biggest rise in the key figure since 2016. Trading was helped by a sales jump of 18% in Greater China.

Deals Of The Day
• Humana Inc: The health insurer said on Tuesday it will acquire the 60% stake that it did not own in home health and hospice provider Kindred at Home from TPG Capital for $5.7 billion to expand its patient care business. Humana said although Kindred's hospice and community care operations are included in the deal, Humana intends to ultimately only maintain a minority stake in this portion of the asset. The deal has an enterprise value of $8.1 billion, which includes Humana's existing equity value of $2.4 billion associated with its 40% minority ownership interest. Humana expects to close the deal in the third quarter and aims to fund it through a combination of parent company cash and debt financing.

• Pfizer Inc: The company said it has acquired privately-held Amplyx Pharmaceuticals, which is developing a new treatment for drug-resistant "superbug" fungal infections in patients with compromised immune systems. If approved, Amplyx's lead drug fosmanogepix would be the first new class of antifungal treatments in 20 years. Terms of the deal were not disclosed.

In Other News
• AstraZeneca PLC: European Union lawyers demanded the drugmaker to immediately deliver COVID-19 vaccines from its factories in Britain, in a move that risks reigniting a spat with London over scarce vaccine supplies. "We demand deliveries by the end of June and we also demand with immediate effect the use of all plants listed in the contract," EU lawyer Rafael Jafferali told the judge in a hearing room packed with journalists. "The contract listed a series of plants that had to be used by AstraZeneca and that still today, in breach of the contract, AstraZeneca is not using," the lawyer said. AstraZeneca lawyer Hakim Boularbah retorted: "There is no obligation to use the factories."

• Carlyle Group Inc: Australian shareholder registry firm Link Administration said it would continue to explore options for its sought-after stake in online real estate business PEXA after a private equity group dropped a $2.2 billion bid for Link. Shares in Link sank after it said the consortium, including Carlyle Group and Pacific Equity Partners, had withdrawn its A$2.87 billion offer.

• CNH Industrial NV: The company is set to include its defence and special vehicle businesses in a plan to spin-off assets to speed up the process after delays due to the COVID-19 crisis, a source told Reuters. The industrial equipment and automotive group said in 2019 it planned to split into two and separately list its lower-margin Iveco truck and bus business along with its FPT engine division to boost asset values and streamline its businesses. The source also said CNH was planning to keep the defence business as a separate company within the group to be spun off. This would make it easier to strip it out if, in the future, there were to be a bid for the whole truck business after its spin-off, the source said.

• Honda Motor Co: The company will suspend three plants in Japan as many as six days in May due to a chip shortage, a spokesman said. Honda will suspend two plants in Saitama Prefecture for six days and its Suzuka plant in Mie Prefecture for five days, he said. The output cut was reported earlier by Kyodo. The suspension is due to a chip shortage caused by various factors, he added. He declined to outline the volume or models of vehicles affected but said that the company will carefully examine the situation for production following June.

• Moderna Inc: Drugmaker Lonza, under pressure to find workers to help speed production of Moderna's COVID-19 vaccine, is recruiting temporary employees from food giant Nestle to staff Swiss plants making ingredients for the shot, state broadcaster RTS said on Tuesday, citing sources. A call for "volunteers" via Bern came a week ago to Nestle research center employees in western Switzerland who had until Monday to step forward for a three-month Lonza mission, according to the broadcaster.

• Novavax Inc. U.S. Trade Representative Katherine Tai discussed increasing COVID-19 vaccine production in a virtual meeting on Tuesday with an executive with the drugmaker, Tai's office said in a statement. Tai and Novavax Executive Vice President John Trizzino also discussed a proposal before the World Trade Organization to waive certain intellectual property rights in response to the coronavirus pandemic, the USTR statement said.

• Tesla Inc: The automaker said that the fair market value of bitcoin the electric carmaker held as of March 31 was $2.48 billion, suggesting it could stand to make around $1 billion dollars out of the investment were it to cash in the digital currency. Tesla, which said it had bought or received $1.5 billion in bitcoin by the end of the first quarter, reiterated in its regular report it had trimmed its position by 10% during the quarter. Tesla said proceeds from sales of digital assets amounted to $272 million with a $101 million "positive impact". The company added that it recorded $27 million of impairment losses on its bitcoin investment in the three months ended March.

• United Microelectronics Corp: The Taiwan chipmaker said it will spend T$100 billion over the next three years to expand capacity at a plant in southern Taiwan amid a global chip shortage. Co-president Jason Wang told an earnings call the expansion will take place at an existing UMC facility in the Tainan Science Park, with production scheduled to start from the second quarter of 2023. UMC's total investment in the science park will reach $T150 billion over the next three years, he added.


ANALYSIS
DIY deals: How private equity firms buy assets from themselves
What's a fair price when you are selling something to yourself? On Wall Street, that's not a trick question. A growing number of private equity firms are establishing new funds to buy portfolio companies from funds they already control. With the buyer and seller each an entity controlled by the same private equity firm, scrutiny is growing over how they price such deals.


ANALYSTS' RECOMMENDATION
• 3M Co: Credit Suisse cuts target price to $210 from $213 after the company’s first-quarter earnings growth was partially offset by supply chain disruptions and rising raw materials/logistics costs for all segments.

• Advanced Micro Devices Inc: JPMorgan raises target price to $105 from $100 after the company reported better than expected first-quarter results and second-quarter revenue guidance.

• Alphabet Inc: Jefferies raises target price to $2,850 from $2,700 after the company reported strong results for the second consecutive quarter.

• Ecolab Inc: JPMorgan raises rating to neutral from underweight, saying the company’s earnings momentum is soon likely to turn sharply positive.

• Raytheon Technologies Corp: CFRA raises rating to strong buy from buy on expectations that corporate travel will make a strong recovery in the second half of 2021 and 2022, which will drive better than expected earnings for the company.


ECONOMIC EVENTS (All timings in U.S. Eastern Time)
0830 (approx.) Advance goods trade balance for Mar: Prior -$87.07 bln
0830 (approx.) Wholesale inventories advance for Mar: Prior 0.6%
0830 (approx.) Retail inventories ex-auto advance for Mar: Prior 1.2%
1400 Fed funds target rate: Expected 0-0.25%; Prior 0-0.25%
1400 (approx.) Fed interest on excess reserves: Prior 0.10%


COMPANIES REPORTING RESULTS
Aflac Inc: Expected Q1 earnings of $1.21 per share
Align Technology Inc: Expected Q1 earnings of $2.02 per share
Amphenol Corp: Expected Q1 earnings of 47 cents per share
Apple Inc: Expected Q2 earnings of 99 cents per share
Automatic Data Processing Inc: Expected Q3 earnings of $1.82 per share
Avalonbay Communities Inc: Expected Q1 earnings of 73 cents per share
Boeing Co: Expected Q1 loss of $1.16 per share
Cincinnati Financial Corp: Expected Q1 earnings of $1.05 per share
Duke Realty Corp: Expected Q1 earnings of 13 cents per share
eBay Inc: Expected Q1 earnings of $1.07 per share
Entergy Corp: Expected Q1 earnings of $1.20 per share
Equinix Inc: Expected Q1 earnings of $1.70 per share
Everest Re Group Ltd: Expected Q1 earnings of $4.50 per share
Extra Space Storage Inc: Expected Q1 earnings of 99 cents per share
Facebook Inc: Expected Q1 earnings of $2.37 per share
Ford Motor Co: Expected Q1 earnings of 21 cents per share
Garmin Ltd: Expected Q1 earnings of 89 cents per share
Hess Corp: Expected Q1 earnings of 34 cents per share
Hologic Inc: Expected Q2 earnings of $2.62 per share
Ingersoll Rand Inc: Expected Q1 earnings of 35 cents per share
Interpublic Group of Companies Inc: Expected Q1 earnings of 15 cents per share
MGM Resorts International: Expected Q1 loss of 85 cents per share
Mid-America Apartment Communities Inc: Expected Q1 earnings of 60 cents per share
Moody's Corp: Expected Q1 earnings of $2.82 per share
Norfolk Southern Corp: Expected Q1 earnings of $2.54 per share
O'Reilly Automotive Inc: Expected Q1 earnings of $5.47 per share
Public Storage: Expected Q1 earnings of $1.77 per share
Qualcomm Inc: Expected Q2 earnings of $1.67 per share
Raymond James Financial Inc: Expected Q2 earnings of $2.18 per share
Resmed Inc: Expected Q3 earnings of $1.29 per share
Rollins Inc: Expected Q1 earnings of 11 cents per share
ServiceNow Inc: Expected Q1 earnings of $1.34 per share
Tyler Technologies Inc: Expected Q1 earnings of $1.32 per share
United Rentals Inc: Expected Q1 earnings of $3.07 per share
Welltower Inc: Expected Q1 earnings of 23 cents per share


CORPORATE EVENTS (All timings in U.S. Eastern Time)
0800 Boston Scientific Corp: Q1 earnings conference call
0800 Cigna Corp: Annual Shareholders Meeting
0800 Discovery Inc: Q1 earnings conference call
0800 Evercore Inc: Q1 earnings conference call
0800 Masco Corp: Q1 earnings conference call
0800 Moderna Inc: Annual Shareholders Meeting
0800 PPD Inc: Q1 earnings conference call
0800 Rexnord Corp: Q4 earnings conference call
0800 Sirius XM Holdings Inc: Q1 earnings conference call
0800 Spotify Technology SA: Q1 earnings conference call
0800 Stanley Black & Decker Inc: Q1 earnings conference call
0815 Yum! Brands Inc: Q1 earnings conference call
0830 Automatic Data Processing Inc: Q3 earnings conference call
0830 CME Group Inc: Q1 earnings conference call
0830 CNA Financial Corp: Annual Shareholders Meeting
0830 Integra Lifesciences Holdings Corp: Q1 earnings conference call
0830 Interpublic Group of Companies Inc: Q1 earnings conference call
0830 Rockwell Automation Inc: Q2 earnings conference call
0830 Silicon Laboratories Inc: Q1 earnings conference call
0830 Teradyne Inc: Q1 earnings conference call
0830 Travel + Leisure Co: Q1 earnings conference call
0845 Norfolk Southern Corp: Q1 earnings conference call
0900 Borgwarner Inc: Annual Shareholders Meeting
0900 Driven Brands Holdings Inc: Q1 earnings conference call
0900 First Citizens BancShares Inc (Delaware): Q1 earnings conference call
0900 General Dynamics Corp: Q1 earnings conference call
0900 Humana Inc: Q1 earnings conference call
0900 Oshkosh Corp: Q2 earnings conference call
0900 Owens Corning: Q1 earnings conference call
0900 Santander Consumer USA Holdings Inc: Q1 earnings conference call
0900 Selective Insurance Group Inc: Annual Shareholders Meeting
0930 Ball Corp: Annual Shareholders Meeting
0930 UMB Financial Corp: Q1 earnings conference call
1000 Boston Properties Inc: Q1 earnings conference call
1000 Chemed Corp: Q1 earnings conference call
1000 Chemours Co: Annual Shareholders Meeting
1000 Duke Realty Corp: Annual Shareholders Meeting
1000 Encompass Health Corp: Q1 earnings conference call
1000 Hess Corp: Q1 earnings conference call
1000 Huntsman Corp: Annual Shareholders Meeting
1000 Littelfuse Inc: Q1 earnings conference call
1000 Marathon Petroleum Corp: Annual Shareholders Meeting
1000 Olin Corp: Q1 earnings conference call
1000 Pilgrims Pride Corp: Annual Shareholders Meeting
1000 Principal Financial Group Inc: Q1 earnings conference call
1000 Rollins Inc: Q1 earnings conference call
1000 Saia Inc: Q1 earnings conference call
1000 VICI Properties Inc: Annual Shareholders Meeting
1000 Vistra Corp: Annual Shareholders Meeting
1030 Boeing Co: Q1 earnings conference call
1030 IDEX Corp: Q1 earnings conference call
1030 Sabre Corp: Annual Shareholders Meeting
1100 Ares Capital Corp: Q1 earnings conference call
1100 Corelogic Inc: Shareholders Meeting
1100 Eastgroup Properties Inc: Q1 earnings conference call
1100 Entergy Corp: Q1 earnings conference call
1100 Equity Residential: Q1 earnings conference call
1100 Glacier Bancorp Inc: Annual Shareholders Meeting
1100 Highwoods Properties Inc: Q1 earnings conference call
1100 New York Times Co: Annual Shareholders Meeting
1100 Nov Inc: Q1 earnings conference call
1100 ONEOK Inc: Q1 earnings conference call
1100 Silgan Holdings Inc: Q1 earnings conference call
1100 Teledyne Technologies Inc: Q1 earnings conference call
1100 Textron Inc: Annual Shareholders Meeting
1100 Timken Co: Q1 earnings conference call
1100 Vertiv Holdings Co: Q1 earnings conference call
1100 W W Grainger Inc: Annual Shareholders Meeting
1130 Cleveland-Cliffs Inc: Annual Shareholders Meeting
1130 Healthpeak Properties Inc: Annual Shareholders Meeting
1130 Moody's Corp: Q1 earnings conference call
1130 Prosperity Bancshares Inc: Q1 earnings conference call
1200 Ameriprise Financial Inc: Annual Shareholders Meeting
1200 Cullen/Frost Bankers Inc: Annual Shareholders Meeting
1200 Hess Midstream LP: Q1 earnings conference call
1200 Ovintiv Inc: Annual Shareholders Meeting
1200 Southern Copper Corp: Q1 earnings conference call
1200 Spirit AeroSystems Holdings Inc: Annual Shareholders Meeting
1200 Teledyne Technologies Inc: Annual Shareholders Meeting
1230 Draftkings Inc: Annual Shareholders Meeting
1300 Amphenol Corp: Q1 earnings conference call
1300 Avery Dennison Corp: Q1 earnings conference call
1300 DuPont de Nemours Inc: Annual Shareholders Meeting
1300 UDR Inc: Q1 earnings conference call
1400 Penske Automotive Group Inc: Q1 earnings conference call
1400 South State Corp: Annual Shareholders Meeting
1500 HCA Healthcare Inc: Annual Shareholders Meeting
1630 Align Technology Inc: Q1 earnings conference call
1630 Altice USA Inc: Q1 earnings conference call
1630 ASGN Inc: Q1 earnings conference call
1630 Aspen Technology Inc: Q3 earnings conference call
1630 Hologic Inc: Q2 earnings conference call
1630 Teladoc Health Inc: Q1 earnings conference call
1645 Qualcomm Inc: Q2 earnings conference call
1700 Allison Transmission Holdings Inc: Q1 earnings conference call
1700 Apple Inc: Q2 earnings conference call
1700 Avantor Inc: Q1 earnings conference call
1700 Cree Inc: Q3 earnings conference call
1700 Facebook Inc: Q1 earnings conference call
1700 Ford Motor Co: Q1 earnings conference call
1700 Inovalon Holdings Inc: Q1 earnings conference call
1700 MGM Resorts International: Q1 earnings conference call
1700 Pegasystems Inc: Q1 earnings conference call
1700 PTC Inc: Q2 earnings conference call
1700 ServiceNow Inc: Q1 earnings conference call
1730 Equinix Inc: Q1 earnings conference call
1800 eBay Inc: Q1 earnings conference call


EXDIVIDENDS
Citizens Financial Group Inc: Amount $0.39
First Republic Bank: Amount $0.22

Goedemorgen,
Gisteren kwamen Alphabet en Microsoft met cijfers, maandag kwam Tesla al met cijfers. Als ik naar de reactie kijk dan zien we allen bij Alphabet een positieve reactie bij het aandeel want na de cijfers ging het aandeel met meer dan 100 dollar omhoog (+4%) nabeurs. We moeten nog zien hoe dat vandaag zal worden na dat de beurzen in de VS open gaan. Ook AMD ging omhoog na de cijfers, de koers van de chipmaker won nabeurs 3% omhoog. Kijken we naar Tesla dan zien we gisteren een verlies van 4,5% na de cijfers, Microsoft moest na het sterkste kwartaal in jaren ook 2,5% inleveren nabeurs.

De markt lijkt nu wel wat vermoeidheid te tonen, het is niet voor niets dat de koersen stabiliseren, het enige wat we nog zien is dat er stabilisatie komt rond de recordstanden. Vlakke toppen dus hetgeen u duidelijk kunt zien bij de DAX, de AEX, de S&P 500 en nu lijkt dat ook op te vallen bij de Dow Jones. Er komt hoe dan ook een sterke beweging aan op de korte termijn, ofwel breekt alles uit met hogere doelen en dus nieuwe records. Of de markt begint het genoeg te vinden rond deze niveaus en staat er uiteindelijk een grotere correctie voor de deur. Let op, zoals ik al vakar aangeef kan het wel zijn dat het er technisch bekeken slecht uitziet maar dat wil nog niet zeggen dat de markt meteen ook de indicatoren zal volgen. Het zou niet voor de eerste keer zijn dat we er vrij zeker van zijn dat er een bepaalde beweging zou komen maar dat het niet zo was. Maar nogmaals, de indicatoren zien er in ieder geval niet goed uit.

Cijfers en FED vanavond en Amazon morgen:
We letten vandaag en morgen op het volgende, vandaag cijfers van Facebook en Apple en rond 20:00 komt de FED nog met een besluit over de rente en vooral ook hun strategie voor de komende periode. Morgen komt dan als laatste uit die groep dure aandelen met cijfers, dan is Amazon aan de beurt.

Strategie nieuwe posities:
Om posities omhoog op te nemen moet je hier wel durf tonen maar het is niet zo dat ze geen kansen meer bieden. Aan de andere kant lijkt het mij nog meer logisch om strategisch short posities uit te kiezen met een ruime stoploss, daar zie ik eerlijk gezegd meer kansen in op de wat kortere termijn. Voor de leden zal ik wel weer een en ander uitzoeken de komende sessies, op dit moment zitten we nog zonder posities omdat het nu wat te onduidelijk is. Alles op zijn tijd, u kunt uiteraard door lid te worden mee met de posities die ik per mail en SMS stuur naar de leden.

Technische conditie AEX en DAX:
De AEX ziet u via een chart hieronder, ik zie zowel bij de indicatoren als bij het koersverloop door het ontbreken van een nieuwe top verzwakking optreden. Wel blijft de weerstand nu eerst de 715 en meteen daarna de 718 punten, pas later mocht de index uitbreken kansen tot 725 of zelfs 735 punten. Of de index het nog in zich heeft om uit te breken betwijfel ik maar we moeten er altijd wel rekening mee houden.

Steun nu de 712, de 708, de 702-703 en later de 688-690 punten zone waar de meest recente top en zware weerstand wacht. De komende week maar eens heel goed kijken en vooral overwegen wat we met de AEX index kunnen doen. Let daarbij vooral op de zone 708-710 punten. Ik heb wel een mooi plan in gedachte de komende dagen. Ook bij enkele andere indices zie ik kansen maar we moeten geduld hebben voor we echt wat kunnen gaan doen.

De DAX kwam na een uitbraak die vals blijft te zijn weer terug naar de range 15.100-15.300 punten, zo blijkt maar weer eens dat de stevige uitbraak eind vorige week te voorbarig was. Een valse move ofwel een "BULL TRAP" zoals we dat ook noemen. De DAX zit dus weer in de slopende range 15.100-15.300 punten. Weerstand nu de 15.300 en de top die werd gezet rond de 15.500 punten. Steun nu die 15.150, de 15.000, de 14.850 en de 14.750 punten. Ik denk dat we moeten opletten met de DAX de komende dagen, er staat denk ik iets te gebeuren met deze index.

S&P 500 analyse:
Op Wall Street blijft alles dicht bij de toppen en dus rond hun recordstand hetgeen we ook zo is bij de S&P 500, via die de grafiek hieronder kunt u de reeks toppen zonder dat er een uitbraak komt duidelijk zien zodat alles onzeker blijft. Testen van de top ofwel de recordstand dat gaat nog wel, voorzichtige nieuwe records zouden nog kunnen maar ik zie dat er wat kracht ontbreekt om definitief door te trekken richting niveaus die nog 5% of meer boven de recente top wachten. Net als bij de meeste indices moeten we ook voor wat betreft Wall Street en dus bij deze S&P 500 index op onze goede blijven in welke richting dan ook.

Dat de indicatoren verzwakken zoals dat duidelijk te zien is via de chart hieronder, de waarderingen blijven zeer hoog en de index staat behoorlijk ver boven de belangrijke MA's. Het 50-MA zien we rond de 3987 punten, het 200-MA rond de 3640 punten. De gemiddelde waardering komt vrijdag op slotbasis uit op 42.63 keer de winst. Er branden genoeg rode lichten nu, dus opletten. Ook op de beurs is het niet zo dat de bomen tot in de hemel groeien.

Resultaat dit jaar verloopt naar wens maar rustig:
Deze maand heb ik nog niet veel kunnen doen, we staan dan ook nagenoeg vlak tot nu toe voor de lopende maand april. De eerste 3 maanden dit jaar heb ik in ieder geval positief kunnen afsluiten en met december vorig jaar erbij komen we uit op 4 maanden na elkaar dat er winst werd behaald via de signalen. Het handelen moet nog altijd voorzichtig gebeuren want ik hou in het achterhoofd rekening met een aanstaande grote correctie over de gehele markt. Niettemin blijf ik rustig verder opbouwen wat betreft de posities. We moeten ook niet constant in de markt zitten in deze fase, er komt vrij snel wel een periode aan waar dat wel zal kunnen maar nog even wat geduld tot dat moment.

Deze manier van werken wil ik hoe dan ook proberen aan te houden, het handelen onder de huidige omstandigheden krijg ik steeds beter onder controle en ik probeer met kleine posities zo als goed mogelijk te werken voor de leden. Onderaan deze update ziet u nog een overzicht met hoe de maand maart werd afgerond en hoe we er dit jaar voor staan wat betreft het resultaat via de signalen die we naar onze leden versturen.

LET OP !! Vanaf vandaag een nieuwe aanbieding die loopt vanaf nu tot 1 JULI voor €39 (Polleke Trading €49) ... Via de site en dan de Tradershop kunt zich inschrijven en daar kunt u als lid de lopende posities met alle details altijd inzien. Ga naar de Tradershop en schrijf u meteen in ... https://www.usmarkets.nl/tradershop

Euro, olie en goud:
De euro zien we nu rond de 1.207 dollar, de prijs van een vat Brent olie komt uit op 66 dollar terwijl een troy ounce goud nu op 1770 dollar staat.

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 !

LET OP !! Vanaf vandaag een nieuwe aanbieding die loopt vanaf nu tot 1 JULI voor €39 (Polleke Trading €49)... Via de site en dan de Tradershop kunt zich inschrijven en daar kunt u als lid de lopende posities met alle details altijd inzien. Ga naar de Tradershop en schrijf u meteen in ... https://www.usmarkets.nl/tradershop

Met vriendelijke groet,
Guy Boscart