Liveblog Archief woensdag 7 oktober 2020

TOP NEWS
• Pence, Harris to clash in VP debate amid White House virus outbreak
Vice President Mike Pence and Democratic challenger Kamala Harris will square off in their only debate, as President Donald Trump's coronavirus diagnosis and the ongoing pandemic continue to roil the U.S. presidential contest.
• U.S. Supreme Court to mull Google bid to end Oracle copyright suit
The U.S. Supreme Court is set to consider whether to protect Alphabet's Google from a long-running lawsuit by Oracle accusing it of infringing Oracle copyrights to build the Android operating system that runs most of the world's smartphones.
• Trump urges Congress to provide $25 billion bailout for U.S. airlines
U.S. President Donald Trump said late on Tuesday Congress should quickly extend $25 billion in new payroll assistance to U.S. passenger airlines furloughing thousands of workers as air travel remains down sharply amid the coronavirus pandemic.
• Google faces new antitrust case in India over abuse in smart TVs market-sources
Alphabet's Google is facing a new antitrust case in India in which the U.S. tech giant is alleged to have abused its Android operating system's position in the smart television market, a source and two lawyers involved in the case told Reuters.
• Broadcom to end exclusivity deals for seven years in EU antitrust deal
Broadcom will scrap its exclusivity deals with TV and modem makers in a deal with EU antitrust regulators aimed at ending a year-long investigation without a finding of wrongdoing, the European Commission said.


BEFORE THE BELLU.S. stock index futures rose after President Donald Trump's abrupt call to end stimulus talks sent Wall Street tumbling in the previous session. European shares edged lower and Japan’s Nikkei ended little changed, as fears of a slower economic recovery from the coronavirus crisis resurfaced. The dollar was steady and spot gold edged higher. Oil prices fell, pressured by a larger than expected rise in U.S. crude inventories.

STOCKS TO WATCH
Results
• Levi Strauss & Co (LEVI). The company announced plans to expand its retail footprint and forecast a smaller-than-expected decline in current-quarter revenue after surging online sales helped the denim maker post a surprise profit. The company forecast a 14% to 15% decline in fourth-quarter revenue, while analysts on average were expecting a 19.62% fall. Levi projected profit per share to be between 14 cents and 16 cents, in line with estimates. Excluding items, Levi earned 8 cents per share, versus estimates for a loss of 22 cents. Net revenue declined about 27% to $1.06 billion but beat estimates of $822.3 million.

In Other News• Alphabet Inc (GOOGL). Google is facing a new antitrust case in India in which the U.S. tech giant is alleged to have abused its Android operating system's position in the smart television market, a source and two lawyers involved in the case told Reuters. The case is Google's fourth major antitrust challenge in India, one of its key markets where it is currently facing public criticism from local startups for enforcing certain policies and company charges they contend hurt their growth. The case has been filed by two Indian antitrust lawyers, Kshitiz Arya and Purushottam Anand. They both confirmed the case filing against Google for alleged abuse in the smart television market, but declined to comment further. The source said the CCI had directed Google to submit its written responses to the allegations and that the company has sought more time.• Alphabet Inc (GOOGL) & Oracle Corp (ORCL). The U.S. Supreme Court is set to consider whether to protect Alphabet's Google from a long-running lawsuit by Oracle accusing it of infringing Oracle copyrights to build the Android operating system that runs most of the world's smartphones. The shorthanded court, down one justice following the death of Ruth Bader Ginsburg last month, is scheduled to hear oral arguments in Google's appeal of a lower court ruling reviving the lawsuit in which Oracle has sought at least $8 billion in damages. The arguments will be held by teleconference because of the coronavirus pandemic.• Barclays PLC (BCS). The company plans to enter four new European private banking markets in 2021, its regional manager for the business told Reuters. Gerald Mathieu, who in September became Barclays' private banking head for Europe outside Britain, said the British bank was looking to start up the business in France, Italy, Spain and Germany next year. "These are the countries where we see a lot of opportunities, also because we have a very strong footprint of corporate and investment banking locally," Mathieu said in an interview.
• BHP Group Ltd (BHP). The company has suspended its membership of an Australian state mining lobby group that has campaigned against the Greens political party ahead of an election this month in coal-rich Queensland state. In a statement, BHP said it had expressed its opposition several times and formally requested withdrawal of the approach that targeted a political party before suspending its membership. This week, the Queensland Resources Council, which groups 167 companies, stepped up its advocacy against the environment-focused Greens.• Broadcom Inc (AVGO). The company will scrap its exclusivity deals with TV and modem makers in a deal with EU antitrust regulators aimed at ending a year-long investigation without a finding of wrongdoing, the European Commission said.​ The EU competition enforcer launched an investigation into the company in June last year and even threatened to issue an interim order, its first in almost two decades, to stop such practices while the probe was ongoing. Broadcom, which makes chips to power smartphones, computers and networking equipment and is a major supplier to Apple, subsequently offered to end its exclusivity deals.• Citigroup Inc (C). The company said on Tuesday that it terminated a manager in its technology department following an investigation into his role as the operator of a popular website dedicated to the unfounded QAnon conspiracy theory. Jason Gelinas had been placed on paid leave last month after he was identified as the operator of the website QMap.pub and its associated mobile apps by fact-checking site Logically.ai.
• Comcast Corp (CMCSA). The company’s Universal Pictures has delayed the release of "Jurassic World: Dominion" by one year until June 2022, the studio said on Tuesday. The new installment in one of cinema's biggest franchises is the latest movie to be postponed amid the global coronavirus pandemic. Hollywood studios have been shuffling release dates as the industry tries to recover from a global shutdown of cinemas in March.
• Facebook Inc (FB). The company on Tuesday classified the QAnon conspiracy theory movement as dangerous and began removing Facebook groups and pages as well as Instagram accounts that hold themselves out as representatives. “While we’ve removed QAnon content that celebrates and supports violence, we’ve seen other QAnon content tied to different forms of real world harm, including recent claims that the west coast wildfires were started by certain groups,” Facebook wrote. “QAnon messaging changes very quickly and we see networks of supporters build an audience with one message and then quickly pivot to another.”
• JPMorgan Chase & Co (JPM). The company aims to support its clients in expanding investment in clean energy and work towards net zero-emissions by 2050, a move that aligns with the Paris climate pact of cutting carbon output, the bank said on Tuesday. While the use of lower-carbon technology is growing within the electric power and automotive sectors, JPMorgan said, few options are available to replace oil and natural gas in long-distance transportation and heavy industry. To track the progress towards the goals set in the Paris Agreement, JPMorgan said it will aim to evaluate its clients' carbon footprint relative to their output, and provide insight into changes in performance.
• Microsoft Corp (MSFT). The company on Tuesday denied a recent suggestion by the U.S. Department of Labor that its plan to bolster diversity, including by investing $150 million and doubling the number of Black employees in high-ranking positions, amounted to illegal race discrimination. The denial came in a blog post responding to a letter Microsoft received last week from the Labor Department's Office of Federal Contract Compliance Programs concerning an initiative announced by Chief Executive Satya Nadella on June 23.
• Netflix Inc (NFLX). The company is facing a criminal charge in a Texas county for promoting lewd visuals of a child in the French film "Cuties", according to a statement from Tyler county's district attorney's office on Tuesday. The document, filed on Sept. 23, said Netflix promoted material in the film that depicts lewd exhibition of the pubic area of a clothed or partially clothed child who was younger than 18 years of age which appeals to the prurient interest in sex. "Cuties is a social commentary against the sexualization of young children. This charge is without merit and we stand by the film," Netflix said in a statement.
• Royal Caribbean Cruises Ltd (RCL). The company has extended suspension of sailings until Nov. 30, excluding those originating from Hong Kong, the U.S. cruise operator said on Tuesday, as the COVID-19 crisis hurts demand for voyages. The company said its cruise brand Celebrity Cruises will suspend its 2020-21 winter program in Australia and Asia, while its Azamara cruises will suspend winter sailings throughout Australia and New Zealand, South Africa and South America.


INSIGHT
Fed's appetite for further easing, higher inflation in focus
The U.S. Federal Reserve last month signaled that interest rates are likely to stay at zero through 2023, vowing to wait on rate hikes until inflation reaches 2% and is set to rise moderately above that level for a time.


ANALYSTS' RECOMMENDATION
• Delta Air Lines Inc (DAL). JPMorgan raises target price to $51 from $45, saying the company's balance sheet is the strongest of any legacy carrier in the history of the industry and it has the capacity to emerge from the COVID-19 crisis with higher margins.
• OneMain Holdings Inc (OMF). Credit Suisse raises target price to $40 from $38, saying the company will likely beat earnings consensus in the third quarter.
• Paychex Inc (PAYX). JPMorgan raises target price to $83 from $78, citing a solid first-quarter beat and raised FY21 outlook.
• PTC Therapeutics Inc (PTCT). JPMorgan raises rating to overweight from neutral, citing encouraging indicators early into the launch of Evrysdi and a potential clearance for PTC518 for Huntington’s disease.
• Royal Caribbean Group (RCL). JPMorgan raises target price to $79 from $67, saying the company's best-in-class management, brands, hardware and operational excellence will pay off throughout this potentially slow recovery.


ECONOMIC EVENTS (All timings in U.S. Eastern Time)
1300 Overall Comprehensive Risk for Q4: Prior 8.46
1500 Consumer credit for Aug: Expected $14.00 bln; Prior $12.25 bln


COMPANIES REPORTING RESULTS
Lamb Weston Holdings Inc (LW). Expected Q1 earnings of 30 cents per share


CORPORATE EVENTS (All timings in U.S. Eastern Time)
1000 RPM International Inc (RPM). Q1 earnings conference call
1000 Lamb Weston Holdings Inc (LW). Q1 earnings conference call


EX-DIVIDENDS
Campbell Soup Co (CPB). Amount $0.35
Oracle Corp (ORCL). Amount $0.24
Trinseo SA (TSE). Amount $0.40
Weingarten Realty Investors (WRI). Amount $0.18

Goedemorgen
Grote bewegingen gisteren op Wall Street met de nadruk op politieke zaken, Trump zorgt op alle vlakken voor de nodige verwarring zowel letterlijk als figuurlijk. Eerst COVID-19 afdoen als een griepje en later het steunpakket afkeuren en het opschuiven tot na de verkiezingen. Uiteindelijk verloor de Dow Jones 375 punten, de SP 500 verloor 49 punten terwijl de Nasdaq met 177 punten terug moest. Een gedeelte zien we al terug gewonnen vanmorgen via de futures die ook een volatiel verloop lieten zien in de nacht. De Nasdaq 100 verloor gisteren 217 punten, vanmorgen staat de future op deze index 40 punten hoger terwijl deze future ook al 65 punten lager stond ...

De indices blijven dus rondom hun 50-daags gemiddelde draaien, maandag er ruim boven maar gisteren op de slotstanden er weer op. Daar komt nu ook de DAX bij die op dat 50-daags gemiddelde afsloot. Dus alle 6 de indices die we dagelijks in het overzicht zetten (AEX, DAX, Dow Jones, SP 500, Nasdaq en de Nasdaq 100) sluiten op dat 50-daags gemiddelde. Het wordt nog steeds zeer belangrijk om te zien wat er echt gaat gebeuren rondom dat gemiddelde, voorlopig wordt dat nog vastgehouden op Wall Street en tikken de AEX en de DAX het aan de afgelopen sessies. Zodra er een meerdaags slot onder dat 50-daags komt dan kan de markt snel een duik maken.

De markt blijft in de greep van de politiek, van de verkiezingen die over 4 weken plaatsvinden in de VS. Trump begint dus de meest gekke dingen uit te halen waardoor blijkt dat hij weet dat het zeer moeilijk zal worden om een 2e termijn uit te zitten. Je weet nooit met Trump moeten we altijd zeggen maar de kans lijkt met de dag kleiner te worden en zeker na wat hij allemaal aan het doen is ... Daarom blijf ik voorzichtig met posities, die zullen klein blijven en ze moeten in deze fase wat sneller (in en uitstappen). Niet te snel maar van 1 dag tot een paar dagen.

Trading-handelen: Deze week weer mogelijkheden
De maand oktober is gestart en na september positief te hebben afgerond zoals u in de tabel onderaan deze mail kunt zien hebben we ook vrijdag wat kunnen sluiten met winst. Voor het weekend wou ik even uit de markt door de situatie rondom Trump, het kon teveel risico met zich meebrengen mijn inziens.

Het doet er in feite weinig toe, er komen hoe dan ook kansen in deze volatiele markt, mogelijk zal ik wat sneller met de posities handelen en dan heb ik het over een dag tot een paar dagen in deze volatiele markt. Hoe dan ook, van de volatiliteit wat meer gebruik maken kan en dat is hetgeen ik ga proberen, zowel long als short want de laatste positie die werd gesloten was een LONG positie op de Nasdaq.

Op naar de volgende mogelijkheden, ik zal hoe dan ook de maand oktober positief proberen af te ronden, dat moet kunnen naar mijn mening en dan zijn we vertrokken voor een langere reeks omdat het in november duidelijker zal worden. U weet wel, de verkiezingen in de VS want we weten dan in ieder geval wie er wint ...

Zorg dat u erbij bent in ieder geval want zodra u lid bent ontvangt u ook de signalen per mail en SMS want er loopt vanaf nu een NIEUWE aanbieding tot 1 DECEMBER voor €39 ...

Schrijf u meteen in via de volgende link en u staat op de lijst ... https://www.usmarkets.nl/tradershop

Zie hieronder het resultaat voor oktober en september ...

Met vriendelijke groet,
Guy Boscart

GLOBAL TOP NEWS
Prospects for more aid for Americans struggling through the COVID-19 pandemic and U.S. airlines seeking to avert a wave of layoffs crumbled on Tuesday when President Donald Trump ended negotiations with Congress over a large coronavirus bill.

Britain and the EU are closer to agreement on reciprocal social security rights for their citizens after Brexit, two diplomatic sources said, with one describing talks last week on an elusive trade deal as "one of the most positive so far".

British Finance Minister Rishi Sunak plans to take on new powers to block companies from listing on the London Stock Exchange on national security grounds, The Times reported.


EUROPEAN COMPANY NEWS
Private equity-backed Chrysaor has agreed a reverse takeover of Premier Oil, the firms said on Tuesday, creating the British North Sea's largest oil and gas producer at a time the sector is facing a sharp decline in demand.

The EU health regulator has launched a real-time review of a COVID-19 vaccine developed by U.S. drugmaker Pfizer and Germany's BioNTech, it said on Tuesday, following a similar announcement for rival AstraZeneca's jab last week.

German automaker Daimler will cut fixed costs, capex and R&D spending at Mercedes-Benz by more than 20% by 2025 as part of a strategy overhaul to take the brand further upmarket.​


TODAY'S COMPANY ANNOUNCEMENTS
Argo Group Ltd Annual Shareholders Meeting
Dustin Group AB FY 2020 Earnings Call
Frasers Group PLC Annual Shareholders Meeting
Mountfield Group PLC Annual Shareholders Meeting
Sosandar PLC Annual Shareholders Meeting
Tesco PLC HY 2021 Earnings Call
TLG Immobilien AG Annual Shareholders Meeting
VibroSense Dynamics AB Annual Shareholders Meeting​


ECONOMIC EVENTS (All times GMT)
0600 Germany industrial output mm for Aug: Expected 1.5%; Prior 1.2%
0600 Germany industrial production yy SA for Aug: Prior -10.0%
0645 France current account for Aug: Prior -6.2 billion EUR
0645 France current account balance NSA for Aug: Prior -6.85 billion EUR
0645 France reserve assets total for Sep: Prior 198,158 million EUR
0645 France trade balance SA for Aug: Prior -6.99 billion EUR
0645 France imports for Aug: Prior 42.53 billion EUR
0645 France exports for Aug: Prior 35.54 billion EUR
0700 Spain industrial output calendar adjusted yy for Aug: Expected -5.7%; Prior -6.4%
0700 Switzerland forex reserves for Sep: Prior 848,314 million CHF
0700 Austria wholesale prices mm NSA for Sep: Prior 0.1%
0700 Austria wholesale prices yy NSA for Sep: Prior -4.0%
0730 United Kingdom Halifax house prices mm for Sep: Prior 1.6%
0730 United Kingdom Halifax house prices yy for Sep: Prior 5.2%
0800 Italy retail sales mm SA for Aug: Prior -2.2%
0800 Italy retail sales yy NSA for Aug: Prior -7.2%
0830 United Kingdom labour productivity for Q2: Prior -0.6%​