Liveblog Archief woensdag 3 juni 2020
Vandaag weer hoger, en hoeveel hoger? Alles lijkt op een CRASH omhoog deze keer, er zit totaal geen stop op...
|USA||USA: Ruwe Olievoorraden||16:30||-2,077M||3,038M||7,928M||Actueel: -2,077M Verwacht: 3,038M Vorige: 7,928M|
|USA||USA: ISM niet-verwerkende Industrie Index (May)||16:00||45,4||44,0||41,8||Actueel: 45,4 Verwacht: 44,0 Vorige: 41,8|
|USA||USA: ADP Werkgelegenheidswijziging buiten de Landbouw (May)||14:15||-2.760K||-9.000K||-20.236K||Actueel: -2.760K Verwacht: -9.000K Vorige: -20.236K|
• Warner Music's upsized IPO raises $1.9 billion in biggest U.S. listing this year
Warner Music, the world's third-largest recording label, said its upsized initial public offering raised $1.93 billion in the biggest U.S. listing so far in 2020.
• Trump administration putting trust in global oil producers ahead of OPEC+ meet
The Trump administration believes ahead of an expected OPEC+ meeting this week that major oil producers such as Saudi Arabia and Russia will honor their pledges to cut crude production and will not damage the global economy by changing course, a senior official said on Tuesday.
• Huawei hid business operation in Iran after Reuters reported links to CFO
China's Huawei acted to cover up its relationship with a firm that had tried to sell prohibited U.S. computer gear to Iran, after Reuters in 2013 reported deep links between the firm and the telecom-equipment giant's chief financial officer, newly obtained internal Huawei documents show.
• China-owned Playtika hires banks for $1 billion U.S. IPO -sources
Playtika, a mobile gaming company owned by a Chinese investor group, has hired investment banks to prepare for a U.S. initial public offering that could raise around $1 billion, people familiar with the matter said on Tuesday.
• Google faces $5 billion lawsuit in U.S. for tracking 'private' internet use
Google was sued on Tuesday in a proposed class action accusing the internet search company of illegally invading the privacy of millions of users by pervasively tracking their internet use through browsers set in "private" mode.
BEFORE THE BELL
U.S. stock index futures rose, in line with global stock markets, as easing lockdowns and hopes for more monetary stimulus boosted investor sentiment. European shares rallied and Japan’s Nikkeirose to a more than three-month high. The dollar fell and goldprices slipped on optimism over global economic recovery. Oil prices were in the red. On the U.S. economic calendar, ADP jobs report, IHS Markit services PMI, durable goods, factory orders and ISM non-manufacturing PMI data are due later in the day.
STOCKS TO WATCH
• Canada Goose Holdings Inc (GOOS). Canada Goose said it expected a negligible level of revenue in the current quarter after the luxury parka maker was forced to shut stores in markets across the world due to the COVID-19 pandemic. The company's revenue fell to C$140.9 million in the fourth quarter ended March 29, from C$156.2 million a year earlier. The company's quarterly net income fell to C$2.5 million, from C$9 million a year earlier.
• Zoom Video Communications Inc (ZM). The company nearly doubled its expectations for annual sales on Tuesday, driven by a surge in users as more people work from home and connect with friends online during coronavirus lockdowns. But Zoom's costs also rose sharply, and executives said gross margins would likely remain below Zoom's historical norms in the coming quarters. The company raised its full-year revenue forecast to a range of $1.78 billion to $1.80 billion from $905 million to $915 million.
Warner Music Group Corp (WMG). The world's third-largest recording label, said its upsized initial public offering raised $1.93 billion in the biggest U.S. listing so far in 2020. The company increased the offering to 77 million class A shares at $25 per share, valuing it at $12.75 billion. It had initially proposed to offer 70 million shares. The entire offering comprises existing investors selling stock. Warner Music had set a target range of $23-$26 per share for the IPO. The upsized offering points to improving appetite for new issues, which came to a halt in March as stocks plunged following the global spread of the COVID-19 pandemic.
In Other News
• Alphabet Inc (GOOGL). Google was sued on Tuesday in a proposed class action accusing the internet search company of illegally invading the privacy of millions of users by pervasively tracking their internet use through browsers set in "private" mode. The lawsuit seeks at least $5 billion, accusing the Alphabet unit of surreptitiously collecting information about what people view online and where they browse, despite their using what Google calls Incognito mode.
• BlackRock Inc (BLK). The world's biggest asset manager called out oil stocks, domestic tourism and debt in China and India as investment opportunities in its Asia outlook. The manager of $6.5 trillion in assets expects it may be 2022 at the earliest before global growth returns to trend but said in a statement outlining its regional outlook that "Asia stands out" as a beneficiary when the recovery arrives. "We like China across the credit spectrum," said Neeraj Seth, the fund manager's head of Asian credit, since it is buttressed by strong government stimulus.
• Boeing Co (BA). U.S. Federal Aviation Administration chief Steve Dickson will testify June 17 before a U.S. Senate panel on certification of the Boeing 737 MAX that was involved in two fatal crashes in five months that killed 346 people. The Senate Commerce Committee said Dickson "will testify about issues associated with the design, development, certification, and operation" of the MAX that has been grounded since March 2019. Separately, aircraft leasing firm SMBC Aviation Capital has deferred the delivery of 68 of Boeing's grounded 737 MAX jet until 2025-2027, it said in its annual results on Tuesday.
• Facebook Inc (FB) & PayPal Holdings Inc (PYPL). Messaging platform WhatsApp and PayPal said they have invested in payment, food delivery and ride-hailing app operator Gojek as part of the Indonesian firm's ongoing fundraising round. WhatsApp and PayPal did not disclose the size of the investment or the stakes they would receive. A Gojek investor told Reuters the WhatsApp investment was "meaningful". WhatsApp Chief Operations Officer Matt Idema in a blog post said his company would work with Gojek "to support the growth of millions of small businesses". Separately, Facebook has signed a global licensing deal with one of India's largest music labels, allowing users to choose from a large catalogue of Bollywood music for their Facebook and Instagram posts, the music company said.
• General Motors Co (GM). The company should emerge from the coronavirus pandemic with a permanently reduced cost base after it scrambled to reduce its cash burn to withstand a two-month shutdown in North American production as part of efforts to halt the spread of COVID-19, its top executive said on Tuesday. "We were quickly able to take out significant costs and we are being very conservative about what costs we turn back on," Chief Executive Officer Mary Barra said during an investor event with Credit Suisse. "I believe we will come out of this with a lower cost structure that is permanent."
• Lyft Inc (LYFT). The ride-hailing firm said on Tuesday that rides on its platform rose 26% in May from the previous month helped by strong growth in cities where coronavirus-induced restrictions have been eased. However, the company said rides were down about 70% in May from a year ago. Lyft expects adjusted earnings before interest, taxes, depreciation and amortization loss for the second quarter to not exceed $325 million if average daily volumes in June remain unchanged from May levels.
• Nomura Holdings Inc (NMR). The company is considering having fewer staff work at its Tokyo headquarters permanently now that the coronavirus pandemic has spurred a huge shift to remote working, its chief executive said. Around 80% of staff at Nomura's headquarters in the financial district of Otemachi have been working from home due to the outbreak. "Do we need such a lot of staff in Otemachi? Do we need that much workspace here? I would like to discuss those issues," Kentaro Okuda told Reuters in an interview, adding that the company would conduct a review of the matter.
• Novartis AG (NVS). The U.S. Food and Drug Administration has extended the review period for the company’s multiple sclerosis drug ofatumumab by three months, it said on Tuesday. The company did not disclose the reason for the delay and said the regulatory decision is now expected in September, compared with previous expectations for an approval decision by June. Novartis said it still expects regulatory approval of the drug in Europe in the second quarter of 2021.
• Royal Dutch Shell PLC (RDSa). The company is considering raising more than $2 billion from the sale of a stake in the common facilities at its Queensland Curtis LNG plant in Australia, according to a sale flyer reviewed by Reuters. "Royal Dutch Shell plc is considering a sale of a 26.25% interest in the Queensland Curtis LNG (QCLNG) Common Facilities - a multibillion dollar investment opportunity," the sale flyer said. The sale process is being run by Rothschild & Co and is due to be completed in 2020, the document showed.
• Tiffany & Co (TIF). French luxury goods group LVMH's $16.2 billion takeover of Tiffany is looking less certain as the jeweler grapples with a deteriorating situation in the U.S. market brought on by a global pandemic and severe social unrest, fashion trade publication WWD reported on Tuesday. LVMH's board called a meeting in Paris on Tuesday night to discuss the matter, WWD reported, citing sources. LVMH's board is concerned about the COVID-19 pandemic and protests linked to the death of George Floyd at the hands of Minneapolis police, according to the report. The French company's board also voiced concerns about Tiffany's ability to cover all its debt covenants at the end of the transaction, which was expected to be concluded mid-year, WWD reported.
Big in China and tiny in the U.S., Fast Retailing seen weathering pandemic
The coronavirus pandemic is shredding the global apparel industry, stripping hundreds of billions of dollars from sales and thrusting big names like J.Crew into bankruptcy protection.
• Dick's Sporting Goods Inc (DKS). Cowen and Company raises target price to $36 from $21, reflecting on the company's ability to gain share during COVID-19 related shutdowns and strength upon re-opening.
• Kontoor Brands Inc (KTB). Piper Sandler raises rating to overweight from neutral, citing the company's plans of a rollout of its brand Lee at about 2,000 doors in a mass retailer and launch of Wrangler for the first-time in China.
• Mattel Inc (MAT). Jefferies raises target price to $13 from $9, citing confidence in the company's senior management after a virtual meeting.
• National Instruments Corp (NATI). JPMorgan cuts target price to $35 from $37, saying the company's announcement of its intent to acquire privately-held OptimalPlus for $365 million would impact near-term earnings outlook.
• Zoom Video Communications Inc (ZM). D.A. Davidson raises target price to $240 from $150, after the company reported a 169% increase in year-on-year revenue of $328.2 million in the first-quarter.
ECONOMIC EVENTS (All timings in U.S. Eastern Time)
0815 (approx.) ADP national employment for May: Expected -9,000,000; Prior -20,236,000
0945 Markit Composite Final PMI for May: Prior 36.4
0945 Markit Services PMI Final for May: Prior 36.9
1000 Durables ex-defense, R mm for April: Prior -16.2%
1000 Durable goods, R mm for April: Prior -17.2%
1000 Factory orders mm for April: Expected -14.0%; Prior -10.3%
1000 Durables ex-transport R mm for April: Prior -7.4%
1000 Nondefense cap ex-air R mm for April: Prior -5.8%
1000 Factory ex-transport mm for April: Prior -3.7%
1000 ISM N-Manufacturing PMI for May: Expected 44.0; Prior 41.8
1000 ISM N-Manufacturing Business Activity for May: Expected 34.0; Prior 26.0
1000 ISM N-Manufacturing Employment Index for May: Prior 30.0
1000 ISM N-Manufacturing New Orders Index for May: Prior 32.9
1000 ISM N-Manufacturing Price Paid Index for May: Prior 55.1
COMPANIES REPORTING RESULTS
No major S&P 500 companies are scheduled to report.
CORPORATE EVENTS (All timings in U.S. Eastern Time)
0830 Arvinas Inc (ARVN). Annual Shareholders Meeting
0830 Campbell Soup Co (CPB). Q3 earnings conference call
0830 Cinemark Holdings Inc (CNK). Q1 earnings conference call
0900 Alarm.com Holdings Inc (ALRM). Annual Shareholders Meeting
0900 American Eagle Outfitters Inc (AEO). Q1 earnings conference call
0900 Biogen Inc (BIIB). Annual Shareholders Meeting
0900 Comcast Corp (CMCSA). Annual Shareholders Meeting
0900 Focus Financial Partners Inc (FOCS). Annual Shareholders Meeting
0900 Ironwood Pharmaceuticals Inc (IRWD). Annual Shareholders Meeting
0900 Science Applications International Corp (SAIC). Annual Shareholders Meeting
0900 SEI Investments Co (SEIC). Annual Shareholders Meeting
0930 FTI Consulting Inc (FCN). Annual Shareholders Meeting
0930 Ormat Technologies Inc (ORA). Annual Shareholders Meeting
0930 Vertex Pharmaceuticals Inc (VRTX). Annual Shareholders Meeting
1000 Clean Harbors Inc (CLH). Annual Shareholders Meeting
1000 CoStar Group Inc (CSGP). Annual Shareholders Meeting
1000 Hess Corp (HES). Annual Shareholders Meeting
1000 New York Community Bancorp Inc (NYCB). Annual Shareholders Meeting
1000 Rapid7 Inc (RPD). Annual Shareholders Meeting
1000 US Ecology Inc (ECOL). Annual Shareholders Meeting
1100 Anaplan Inc (PLAN). Annual Shareholders Meeting
1100 Comstock Resources Inc (CRK). Annual Shareholders Meeting
1100 CVR Energy Inc (CVI). Annual Shareholders Meeting
1100 GoDaddy Inc (GDDY). Annual Shareholders Meeting
1100 Nexstar Media Group Inc (NXST). Annual Shareholders Meeting
1100 RealPage Inc (RP). Annual Shareholders Meeting
1100 Ulta Beauty Inc (ULTA). Annual Shareholders Meeting
1100 Visteon Corp (VC). Annual Shareholders Meeting
1130 Walmart Inc (WMT). Annual Shareholders Meeting
1200 Alphabet Inc (GOOGL). Annual Shareholders Meeting
1200 Cerus Corp (CERS). Annual Shareholders Meeting
1200 Chegg Inc (CHGG). Annual Shareholders Meeting
1200 Glaukos Corp (GKOS). Annual Shareholders Meeting
1200 Live Nation Entertainment Inc (LYV). Annual Shareholders Meeting
1200 Twilio Inc (TWLO). Annual Shareholders Meeting
1200 Williams-Sonoma Inc (WSM). Annual Shareholders Meeting
1230 Diamondback Energy Inc (FANG). Annual Shareholders Meeting
1300 Denali Therapeutics Inc (DNLI). Annual Shareholders Meeting
1300 Freeport-McMoRan Inc (FCX). Annual Shareholders Meeting
1300 NU Skin Enterprises Inc (NUS). Annual Shareholders Meeting
1300 Omega Flex Inc (OFLX). Annual Shareholders Meeting
1400 Devon Energy Corp (DVN). Annual Shareholders Meeting
1400 InterDigital Wireless Inc (IDCC). Annual Shareholders Meeting
1400 Penumbra Inc (PEN). Annual Shareholders Meeting
1630 Smartsheet Inc (SMAR). Q1 earnings conference call
1700 Citrix Systems Inc (CTXS). Annual Shareholders Meeting
1700 Cloudera Inc (CLDR). Q1 earnings conference call
1700 Elastic NV (ESTC). Q4 earnings conference call
1700 Guidewire Software Inc (GWRE). Q3 earnings conference call
1700 McGrath RentCorp (MGRC). Annual Shareholders Meeting
1700 Zuora Inc (ZUO). Q1 earnings conference call
1730 Monster Beverage Corp (MNST). Annual Shareholders Meeting
1800 Columbia Sportswear Co (COLM). Annual Shareholders Meeting
1800 Globus Medical Inc (GMED). Annual Shareholders Meeting
Home Depot Inc (HD). Amount $1.50
Mosaic Co (MOS). Amount $0.05
Newmont Corporation (NEM). Amount $0.25
Nielsen Holdings PLC (NLSN). Amount $0.06
Qualcomm Inc (QCOM). Amount $0.65
Shutterstock Inc (SSTK). Amount $0.17
|DEU||DEU: Duitse Werkloosheidswijziging (May)||09:55||238K||200K||372K||Actueel: 238K Verwacht: 200K Vorige: 372K|
GoedemorgenHet begint frustrerend te worden als je op alle gebied vrijwel zeker weet dat er iets niet goed zit en...
GLOBAL TOP NEWS
Tens of thousands of people took to the streets of U.S. cities on Tuesday for an eighth consecutive night ofprotests over the death of a black man in police custody, clashing with police and looting stores in New York City.
A survey of U.S. businesses revealed deep fears for the future of their operations in Hong Kong if Chinaimposes national security legislation that critics say could curb the financial centre's freedoms and fuel ongoing protests.
China's services sector returned to growth last month for the first time since January as the economy recovers from strict coronavirus-induced containment measures, although employment and overseas demand remained weak, a private survey showed.
EUROPEAN COMPANY NEWS
Lonza aims to speed completion of two commercial production lines for Moderna's trial COVID-19 vaccine so manufacturing could start four to six weeks earlier than planned if the project is successful, the Swiss drugmaker's chairman said on Tuesday.
French luxury goods group LVMH's $16.2 billion takeover of Tiffany & Co is looking less certain as the jeweler grapples with a deteriorating situation in the U.S. market brought on by a global pandemic and severe social unrest, fashion trade publication WWD reported on Tuesday.
Two of Canada's largest telecoms firms on Tuesday teamed with Sweden's Ericsson and Finland's Nokia Oyj to build fifth-generation (5G) telecoms networks, ditching China's Huawei Technologies for the project.
TODAY'S COMPANY ANNOUNCEMENTS
1000mercis SA Annual Shareholders Meeting
Adesso AG Annual Shareholders Meeting
ams AG Annual Shareholders Meeting
Anheuser Busch Inbev NV Annual Shareholders Meeting
Aptahem AB Annual Shareholders Meeting
Awilco Drilling PLC Annual Shareholders Meeting
Axway Software SA Annual Shareholders Meeting
C&C Group PLC FY2020 Earnings Release
Carpinienne de Participations SA Annual Shareholders Meeting
Cbo Territoria SA Annual Shareholders Meeting
Chemring Group PLC Half Year 2020 Earnings Call
Clas Ohlson AB Q4 2020 Earnings Release
Conafi Prestito SpA Annual Shareholders Meeting
Deutsche Lufthansa AG Q1 2020 Earnings Release
DP Eurasia NV Annual Shareholders Meeting
Emotra AB Annual Shareholders Meeting
Entreparticuliers.com SA Annual Shareholders Meeting
Everyman Media Group PLC Annual Shareholders Meeting
Fabasoft AG Q4 2019 Earnings Release
Frenkel Topping Group PLC Annual Shareholders Meeting
GAG Immobilien AG Annual Shareholders Meeting
Gamesys Group PLC Annual Shareholders Meeting
Gem Diamonds Ltd Annual Shareholders Meeting
home24 SE Annual Shareholders Meeting
Hunter Douglas NV Annual Shareholders Meeting
Hurricane Energy PLC Annual Shareholders Meeting
Jersey Oil and Gas PLC Annual Shareholders Meeting
Mediawan SA Annual Shareholders Meeting
Mowi ASA Annual Shareholders Meeting
SalMar ASA Annual Shareholders Meeting
SECTRA AB Q4 2020 Earnings Release
Thin Film Electronics ASA Annual Shareholders Meeting
Tod's SpA Annual Shareholders Meeting
U10 SA Annual Shareholders Meeting
voestalpine AG FY2020 Earnings Call
Wizz Air Holdings PLC Q4 2020 Earnings Call
ECONOMIC EVENTS (All times GMT)
0545 Switzerland GDP qq for Q1: Expected -2.0%; Prior 0.3%
0545 Switzerland GDP yy for Q1: Expected -0.9%; Prior 1.5%
0630 (approx.) Sweden Services PMI for May: Prior 39.0
0715 Spain Services PMI for May: Expected 25.0; Prior 7.1
0745 Italy Markit/IHS Services PMI for May: Expected 26.5; Prior 10.8
0745 Italy Composite PMI for May: Prior 10.9
0750 France Markit Services PMI for May: Expected 29.4; Prior 29.4
0750 France Markit Composite PMI for May: Expected 30.5; Prior 30.5
0755 Germany Markit Services PMI for May: Expected 31.4; Prior 31.4
0755 Germany Markit Composite Final PMI for May: Expected 31.4; Prior 31.4
0755 Germany Unemployment Change SA for May: Expected 200,000; Prior 373,000
0755 Germany Unemployment Total NSA for May: Prior 2.644 mln
0755 Germany Unemployment Rate SA for May: Expected 6.2%; Prior 5.8%
0755 Germany Unemployment Total SA for May: Prior 2.639 mlm
0800 Italy Unemployment Rate for April: Expected 9.5%; Prior 8.4%
0800 Euro Zone Markit Services Final PMI for May: Expected 28.7; Prior 28.7
0800 Euro Zone Markit Composite Final PMI for May: Expected 30.5; Prior 30.5
0830 United Kingdom Markit/CIPS Services PMI final for May: Expected 28.0; Prior 27.8
0830 United Kingdom Composite PMI final for May: Expected 28.9; Prior 28.9
0900 Euro Zone Producer Prices mm for April: Expected -1.8%; Prior -1.5%
0900 Euro Zone Producer Prices yy for April: Expected -4.0%; Prior -2.8%
0900 Euro Zone Unemployment Rate for April: Expected 8.2%; Prior 7.4%