Liveblog Archief woensdag 9 september 2020

TOP NEWS
• AstraZeneca pauses coronavirus vaccine trial, rollout doubts dent shares
AstraZeneca has paused global trials of its experimental coronavirus vaccine after an unexplained illness in a participant, denting the British drugmaker's shares as the move was seen as dimming prospects for an early rollout.
• LVMH warns it is set to drop planned Tiffany takeover
French luxury goods giant LVMH warned it was set to walk away from its planned $16 billion takeover of U.S. jeweler Tiffany, due to complications arising over the deal.
• Baidu, investors in talks to raise $2 billion for biotech startup -source
Chinese tech giant Baidu is in talks with investors to raise up to $2 billion over three years for a biotech startup, which will use AI technology to discover new drugs and diagnose diseases, a person with direct knowledge of the matter said.
• Trump administration to deny pending retroactive U.S. biofuel waivers -sources
U.S. President Donald Trump has instructed that dozens of oil refiner requests for retroactive waivers from U.S. biofuel laws be denied amid concerns the issue could cut into his support in the Farm Belt, three sources familiar with the decision said.
• Breaking Brexit treaty? Britain announces details for post-EU life
Britain announces legislation for life outside the EU after throwing its trade talks with the bloc into jeopardy by announcing in advance that the new plans would break international law and "clarify" a deal it signed in January.​


BEFORE THE BELL
Futures for the Nasdaq bounced following a brutal sell-off in heavyweight technology stocks, while Asians shares lost gains. European shares were higher, although sentiment remained fragile after AstraZeneca suspended global trials of its COVID-19 vaccine. Oil futures clawed back some of the losses they sustained in the previous session. Gold prices slipped on a stronger dollar. Job Openings and Labor Turnover (JOLTS) data is scheduled for release later in the day.


STOCKS TO WATCH
IPOs
• AmWell Inc (AMWL). The telehealth provider said on Tuesday it expects to raise about $560 million in its initial public offering in the United States, as the coronavirus pandemic boosts demand for virtual healthcare offerings. The company set a price target of between $14 and $16 per share for its sale of 35 million shares. Amwell said it has applied to list its shares on the New York Stock Exchange under the ticker symbol "AMWL."
• Cohn Robbins Holdings Corp (CRHC_u). Gary Cohn, the former economic adviser to U.S. President Donald Trump, raised $720 million on Tuesday in an initial public offering (IPO) for a new blank-check acquisition company, 20% more than originally planned, according to a person familiar with the matter. Shares in the company, a special purpose acquisition company (SPAC), sold for $10 apiece, the standard typical price in SPAC IPOs.

Results
• Lululemon Athletica Inc (LULU). The yogawear maker said on Tuesday it was "cautiously optimistic" about the holiday season and forecast current-quarter adjusted profit to fall as much as 20% due to higher marketing expenses. Lululemon said it would ramp up marketing spending on Mirror, the at-home fitness company it bought for $500 million earlier this year, to capitalize on booming demand for home workout classes spurred by the coronavirus and the opportunity to drive business during the holiday season. Lululemon's direct-to-consumer business, which includes online sales, jumped 155% in the second quarter. Net revenue rose 2.1% to $902.9 million, compared with estimates of $842.5 million.​

In Other News
• Arch Capital Group Ltd (ACGL) & Watford Holdings Ltd (WTRE). A consortium led by insurer Arch Capital has made an approximately $500 million offer to acquire Watford Holdings, people familiar with the matter said on Tuesday. The bid comes more than a year after Watford went public. Since then, its shares have lost about a third of their value as investors questioned the company's ability to generate enough from investment returns to adequately cover its expenses as it paid out on insurance policies. Arch has partnered with private equity firms to offer about $26 per share for Watford, the sources said.
• AstraZeneca PLC (AZN). AstraZeneca has paused global trials of its experimental coronavirus vaccine after an unexplained illness in a participant, denting the British drugmaker's shares as the move was seen as dimming prospects for an early rollout. On Tuesday, AstraZeneca said it voluntarily paused trials, including late-stage ones, to allow an independent committee to review safety data, and it was working to expedite the review to minimise any potential impact on the trial timeline. Separately, the company’s suspension of its COVID-19 vaccine trials after a participant's unexplained illness did not mean the vaccine had been scrapped and showed safety standards were being adhered to, Australia's deputy chief medical officer said.
• Baidu Inc (BIDU). The Chinese tech giant is in talks with investors to raise up to $2 billion over three years for a biotech startup, which will use AI technology to discover new drugs and diagnose diseases, a person with direct knowledge of the matter said. A second person confirmed the startup plan. Baidu is unlikely to be the controlling investor, the first person said. Both sources spoke on condition of anonymity, adding they did not have more details on the investment as talks were still under way.
• BlackRock Inc (BLK). Mexico declared void a tender process, where a consortium that includes the U.S. investment group was the sole bidder, to build a section of one of the government's flagship infrastructure projects, the so-called "Mayan Train".The 910-mile train project is designed to link tourist hot spots and spur development on the Yucatan Peninsula at an estimated cost of $7 billion.
• Blackstone Group Inc (BX). The company’s Chief Executive Stephen Schwarzman has spent more than $27 million so far this year backing U.S. politicians, including President Donald Trump, making him Wall Street's largest campaign contributor, according to a Reuters review of regulatory filings. Schwarzman, whose net worth is pegged by Forbes at $18.2 billion, has given more to political campaigns this year than those who outspent him on Wall Street in the previous U.S. presidential election cycle of 2016, including Bloomberg LP founder Michael Bloomberg and hedge fund veterans George Soros, Paul Singer and Robert Mercer, the filings from the Center of Responsive Politics and the Campaign Finance Institute show.
• BioNTech SE (BNTX) & Pfizer Inc (PFE). The European Commission said it had entered final stage talks with BioNTech-Pfizer to purchase up to 300 million doses of a potential vaccine against COVID-19. This is the sixth potential vaccine for which the EU executive has struck or plans to strike an advance purchase agreement. The envisaged contract with Germany's BioNTech and U.S.-based Pfizer would lead to an initial purchase of 200 million doses, with an option to buy a further 100 million, the Commission said after the conclusion of exploratory talks.
• Energizer Holdings Inc (ENR). Duracell, the battery unit of Warren Buffett's Berkshire Hathaway, sued the maker of Energizer batteries on Tuesday, accusing it falsely advertising that its Energizer MAX batteries last up to 50% longer than other alkaline batteries. The lawsuit follows Energizer Holdings own lawsuit last Sept. 30 accusing Duracell of falsely advertising that its then-new "Optimum" batteries were more powerful and lasted longer than rival batteries.
• Energy Transfer LP (ET). The company expects to have expanded capacity available on its embattled Dakota Access crude oil pipeline by the third quarter of next year, it said on Tuesday in a presentation to investors. The Dallas-based pipeline operator plans to roughly double the amount of crude oil that can flow through the 570,000-barrel-per-day Dakota Access Pipeline (DAPL).
• Enterprise Products Partners LP (EPD). The oil and gas pipeline operator pulled the plug on its 450,000-barrels-per-day Midland to ECHO 4 expansion project in Texas. The project (M2E4) aimed to connect a storage site in Midland to the ECHO terminal in the U.S. state and the cancellation comes when crude producers across North America have slashed their output to cope with steep declines in oil prices, lowering the demand for more pipeline capacity.
• Facebook Inc (FB) & Twitter Inc (TWTR). Three Republican U.S. senators on Tuesday introduced the latest legislation targeting a federal law that largely exempts tech platforms such as Facebook and Twitter from legal liability for the material their users post. The bill from Senator Roger Wicker, Senator Lindsey Graham and Senator Marsha Blackburn is titled the 'Online Freedom and Viewpoint Diversity Act.
• KKR & Co Inc (KKR). The financial investor is injecting $147 million in additional capital into crisis-hit Swiss snack machine operator Selecta under a debt restructuring agreement. In addition, outstanding bonds would be converted into securities that would not mature until 2026 in a move that will significantly reduce the company's high level of indebtedness, Selecta said in a statement released late on Tuesday.
• Lloyds Banking Group PLC (LYG). Britain's biggest domestic bank is making 865 redundancies, as lenders resume cost-cutting measures while the COVID-19 pandemic hammers the industry's profits. Lloyds had temporarily stopped job losses and restructuring early in the pandemic, with the commitment running until October. Union Unite criticised the cuts, which come alongside the creation of 226 new roles.
• Lyft Inc (LYFT). The ride-hailing firm said on Tuesday that its trips rose 7.3% in August from July as operations in Canada recovered faster than in the United States. But the novel coronavirus pandemic is still crushing demand with overall August rides down 53% compared to a year earlier, said the company, which operates in the U.S. and Canada only.
• Novartis AG (NVS). Switzerland's Novartis and Roche were fined $522 million by France, after its competition authority said they used abusive practices to push costly eye injection Lucentis over a cheaper drug. The company said it would appeal, is facing high stakes in protecting Lucentis sales in Europe, after its newest eye drug, Beovu, has run into safety concerns that have slowed uptake. Novartis must pay 385 million euros and Roche about 60 million euros, according to the decision.
• Northrop Grumman Corp (NOC). The Defense contractor said on Tuesday it was awarded a $13.3 billion contract by the U.S. Air Force to modernize the country's intercontinental ballistic missile system. The contract comes as the U.S. military embarks on a costly modernization of its aging atomic weapons.
• Ryanair Holdings PLC (RYAAY). The company has cut its annual passenger target to 50 million passengers from a forecast of 60 million made in July as COVID-19 renders the winter a "write-off", Group Chief Executive Michael O'Leary told Reuters in an interview. The airline in July cut its passenger target to 60 million for the financial year to March 2021, from the 80 million it had forecast in May. But a spike in COVID-19 cases and the poor performance of some EU governments has cut that and the number to 50 million - one-third of the level of last year - and it may go lower, O'Leary said.
• Parsley Energy Inc (PE). The shale producer raised its cash flow target and reinstated its 2020 production guidance on Tuesday, saying it expects to pump about 110,000 barrels of oil per day in the fourth quarter, according to a company presentation. Parsley is targeting $400 million in free cash flow this year, up from a prior goal of $350 million, according to a presentation posted on its website.
• Tiffany & Co (TIF). LVMH warned it was set to walk away from its planned $16 billion takeover of Tiffany, due to complications arising over the deal. LVMH said that its board had received a letter from the French foreign ministry asking it to delay the acquisition of Tiffany to beyond Jan. 6, 2021 given the threat of additional U.S. tariffs against French products.
• Under Armour Inc (UAA). The sportswear maker said on Tuesday it will lay off about 600 employees from its global workforce, citing the impact brought on by the coronavirus pandemic to its business. The company expects to incur about $235 million in charges, including up to $135 million for contract termination and other restructuring costs, it said in a filing.​


FOCUS
Pandemic e-commerce surge spurs race for 'Tesla-like' electric delivery vans
Delivery fleet operators face regulatory pressure in California and other states to buy electric vehicles, but a surge in package deliveries thanks to coronavirus lockdowns has major firms itching to switch to electric right now.


ANALYSTS' RECOMMENDATION
• FedEx Corp (FDX). JPMorgan raises target price to $265 from $225, citing a stronger airfreight market for longer than previously anticipated.
• Lululemon Athletica Inc (LULU). JPMorgan raises price target to $387 from $380, citing the company’s significant untapped international presence, a push into newer categories such as personal care, and ongoing growth in the ecommerce business.
• Slack Technologies Inc (WORK). D.A. Davidson cuts target price to $24 from $32, due to the company’s light billings, a decline in net dollar retention, and disappointing customer growth.​


ECONOMIC EVENTS (All timings in U.S. Eastern Time)
1000 JOLTS job openings for July: Expected 6 mln; Prior 5.889 mln
1200 TR IPSOS PCSI for Sep: Prior 47.05


COMPANIES REPORTING RESULTS
No major S&P 500 companies are scheduled to report for the day.


CORPORATE EVENTS (All timings in U.S. Eastern Time)
0800 HD Supply Holdings Inc (HDS). Q2 earnings conference call
0800 SecureWorks Corp (SCWX). Q2 earnings conference call
0830 ABM Industries Inc (ABM). Q3 earnings conference call
0830 Phreesia Inc (PHR). Q2 earnings conference call
0830 Vertex Inc (VERX). Q2 earnings conference call
0900 American Eagle Outfitters Inc (AEO). Q2 earnings conference call
0900 Navistar International Corp (NAV). Q3 earnings conference call
0900 RBC Bearings Inc (ROLL). Annual Shareholders Meeting
1030 Caseys General Stores Inc (CASY). Q1 earnings conference call
1030 MEDNAX Inc (MD). Annual Shareholders Meeting
1400 Replimune Group Inc (REPL). Annual Shareholders Meeting
1630 AeroVironment Inc (AVAV). Q1 earnings conference call
1630 nCino Inc (NCNO). Q2 earnings conference call
1630 Verint Systems Inc (VRNT). Q2 earnings conference call
1630 Zscaler Inc (ZS). Q4 earnings conference call
1700 Bigcommerce Holdings Inc (BIGC). Q2 earnings conference call
1700 RH (RH). Q2 earnings conference call
1700 SelectQuote Inc (SLQT). Q4 earnings conference call


EXDIVIDENDS
Anthem Inc (ANTM). Amount $0.95
CME Group Inc (CME). Amount $0.85
CNO Financial Group Inc (CNO). Amount $0.12
Global Payments Inc (GPN). Amount $0.19
Harley-Davidson Inc (HOG). Amount $0.02
Kimco Realty Corp (KIM). Amount $0.10
Mdu Resources Group Inc (MDU). Amount $0.20
MGM Resorts International (MGM). Amount $0.00
Newmont Corporation (NEM). Amount $0.25
PPL Corp (PPL). Amount $0.41
South Jersey Industries Inc (SJI). Amount $0.29
Travelers Companies Inc (TRV). Amount $0.85
UMB Financial Corp (UMBF). Amount $0.31
VF Corp (VFC). Amount $0.48
Victory Capital Holdings Inc (VCTR). Amount $0.06

Goedemorgen
Weer een stevige daling op Wall Street de eerste sessie van de week want maandag bleef alles dicht daar door Labor Day. Er was amper houden aan al wist alles in de ochtend via de futures nog even te herstellen. Later kwam de dump van de TOP-8 weer volop op gang met vooral Tesla dat eraan moet geloven. Op de dag van de SPLIT op 31 augustus ging het aandeel nog even naar de 503 dollar maar gisteren sloot Tesla de sessie af op 330 dollar, een MEGA terugval maar wat hadden we anders verwacht? Alleen het tijdstip van de daling liet lang op zich wachten. Ook Apple en Microsoft verloren weer fors, Apple ruim 8 dollar, Microsoft ruim 11 dollar.

Maar de Nasdaq bereikt nu de 11.000 punten grens en dat zie ik als een eerste houvast, een belangrijke steun als we naar de grafiek kijken. We zien daar 2 toppen die in juli werden neergezet, nog 500 punten lager (10.500) zien we 2 bodems uitkomen die wel eens belangrijk kunnen worden. Dus onder de 11.000 naar de 10.500 lijkt me mogelijk al verwacht ik wel een bounce rond die 11.000 punten, onder de 10.500 punten moeten we wel rekening beginnen te houden met een langere en diepere correctie. Alles zal afhangen van wat die TOP-8 groep zal gaan doen na de zware terugval. Zo is Apple nu al geen 2000 miljard meer waard, zien we dat Microsoft niet meer kan volgen en ook Amazon doet een dikke jas uit momenteel net als Alphabet. Ook Nvidia maakt een diepe duik vanaf de topzone momenteel. Met andere woorden, er ontsnapt behoorlijk wat lucht uit de BUBBEL.

Ook Europa kent een mindere fase, we zien de AEX verder dalen na het herstel van maandag, ook de DAX moest een groot deel van de winst inleveren van wat er maandag bij kwam. Let er wel op dat de DAX niet zoveel moet inleveren in vergelijking met Wall Street, voor de AEX is dat wat moeilijker door dat ASML te zwaar meeweegt, het aandeel weegt op de AEX zo'n 18% momenteel. De markt zal ik zo goed als mogelijk monitoren vandaag en de rest van de week, we zien wel waar we wat kunnen doen. Gisteren werden er weer wat kleine posities met winst gesloten zodat de maand september naar wens verloopt ...

Wat kunnen we doen wat betreft nieuwe posities:
Zoals ik al aangaf zal ik vandaag en de rest van de week de markt rustig laten zoeken en waar het kan zal ik mogelijk een paar kleine posities opnemen. Dat kan net zo goed long als short worden, ik moet eerst even zien hoe de markt zich verder zal gedragen. De leden kunnen dan waar het kan een signaal verwachten op de AEX, de DAX en wie weet ook op de Nasdaq of de Dow Jones. Wel doe ik het niet gehaast, eerst even zien hoe alles verloopt.

Lid worden kan via de aanbieding die loopt tot 1 NOVEMBER, lid worden kan nu voor €39, een proefabonnement. Om u in te schrijven ga naar https://www.usmarkets.nl/tradershop en dan staat u meteen op de lijst.

Verder zijn we de maand goed begonnen, na een moeilijke fase komen we de start van deze maand goed op gang. Zie hieronder de tabel met het resultaat van de gesloten posities .... Systeem Trading staat nu al op €866 winst en we gaan voor meer want september duurt nog even ...

Tot later ... Guy

Beste beleggers,

De start van deze maand (september) werd met wat posities goed opgepakt, nu loopt er niks meer maar ik verwacht wel dat er nieuwe posities gaan komen in de loop van de komende week. Dat kan vooral met de AEX, de DAX en de 2 indices op Wall Street waar ik meestal op handel (Dow en Nasdaq). Met de volatiliteit die nu weer op gang lijkt te komen kunnen we redelijk snel en goed handelen met kleine posities. Bij de aandelen portefeuille ga ik wat aandelen of Turbo's op aandelen opnemen want daar lopen er na vrijdag ook geen posities meer. Bij Guy Trading kan ik ook met wat bekende aandelen werken en waar het kan ook met de olie, het goud en de euro. Kansen genoeg dus de komende tijd en ik wil de maand september goed aanpakken wat betreft de posities, de mogelijkheden die er komen en dat zowal LONG als SHORT want aan beide kanten voorzie ik de nodige kansen ...

Probeer nu dus US Markets Trading voor €39 tot 1 NOVEMBER, dat is 2 maanden dat u de signalen die worden verstuurd naar de leden kunt volgen, ook de updates en vooral de coaching wat betreft de markten krijgt u dan. Als u zich vandaag nog inschrijft dan kunt u meteen de laatste updates bekijken en inloggen op de ledenbox ( Beursbox en FORUM ) op de site.

Ga naar https://www.usmarkets.nl/tradershop

En schrijf u meteen in via deze nieuwe aanbieding ...

Met vriendelijke groet,
US Markets Trading

GLOBAL TOP NEWS
Britain will set out new details of its blueprint for life outside the European Union, publishing legislation a government minister acknowledged would break international law in a "limited way" and which could sour trade talks.

China's factory gate prices fell at their slowest annual pace in five months in August as the world's second-largest economy and its industries continued to recover from a slump caused by the coronavirus pandemic earlier this year.​

President Donald Trump on Tuesday escalated his efforts to make China a central theme of the U.S. presidential race, accusing Democratic rival Joe Biden of being a “globalist sellout” who helped engineer the widespread loss of American jobs.​


EUROPEAN COMPANY NEWS
AstraZeneca on Tuesday said it has paused a late-stage trial of one of the leading COVID-19 vaccine candidates after an unexplained illness in a study participant.

Airbus deliveries slipped in August, slowing its recovery from the coronavirus demand meltdown, but the European planemaker remained well in front of its beleaguered U.S. rival Boeing, which reported new production headaches.

Shareholders backed IAG's plan to raise 2.75 billion euros in equity at a virtual meeting on Tuesday that saw the airline group's long-time CEO Willie Walsh hand over to insider Luis Gallego.​


TODAY'S COMPANY ANNOUNCEMENTS
AEW UK REIT PLC Annual Shareholders Meeting
Bermele PLC Annual Shareholders Meeting
Clas Ohlson AB Q1 2021 Earnings Call
Codere SA Q2 2020 Earnings Call
Compagnie Financiere Richemont SA Annual Shareholders Meeting
Computacenter PLC HY 2020 Earnings Release
EMIS Group PLC HY 2020 Earnings Call
Hesse Newman Capital AG Annual Shareholders Meeting
IVS Group SA HY 2020 Earnings Call
Jacquet Metal Service SA HY 2020 Earnings Release
Logitech International SA Annual Shareholders Meeting
Mediaset SpA Q2 2020 Earnings Call
Mobeus Income & Growth 2 VCT PLC Annual Shareholders Meeting
Neurones SA HY 2020 Earnings Release
Oasmia Pharmaceutical AB Q1 2021 Earnings Call
Sanne Group PLC HY 2020 Earnings Call
Tullow Oil PLC HY 2020 Earnings Release


ECONOMIC EVENTS (All times GMT)
0545 Switzerland Unemployment Rate Unadjusted for Aug: Expected 3.3%; Prior 3.2%
0545 Switzerland Unemployment Rate Adjusted for Aug: Expected 3.4%; Prior 3.3%
0600 (approx.) Sweden CPIF Inflation 1 Year for Q3: Prior 0.4%
0600 (approx.) Sweden CPIF Inflation 5 Years for Q3: Prior 1.7%
1000 (approx.) Portugal Global Trade Balance for Jul: Prior -5.310 bln EUR
2301 United Kingdom RICS Housing Survey for Aug: Expected 25; Prior 12​