Liveblog Archief dinsdag 6 september 2022

TOP NEWS
• CVS to buy Signify Health in $8 billion deal
CVS Health on Monday agreed to buy home healthcare services company Signify Health for about $8 billion in cash, a move that will enable one of the largest U.S. healthcare companies to provide further care management to patients in their homes.

• Bed Bath & Beyond CFO's death ruled a suicide
The death of Bed Bath & Beyond's chief financial officer, who fell from New York's Tribeca skyscraper known as the "Jenga" tower on Friday afternoon, has been ruled a suicide, the New York City Medical Examiner's Office said on Monday.

• Deal partner for Trump's Truth Social fails to get backing for SPAC extension -sources
The blank-check acquisition firm that agreed to merge with Donald Trump's social media company failed to secure enough shareholder support for a one-year extension to complete the deal, people familiar with the matter said on Monday.

• Shell, Exxon launch sale of major Dutch gas venture -document
Shell and Exxon Mobil have put up for sale one of Europe's largest and oldest natural gas production ventures, betting on soaring energy prices amid tensions with Russia to attract buyers, according to a document and industry sources.

• Tesla steps up recruiting in Thailand as EV competition heats up
Tesla is stepping up recruitment in Thailand, Southeast's Asia automotive hub, with the U.S. electric vehicle (EV) maker looking to hire a business development manager and recruiters, its website shows.


BEFORE THE BELL
U.S. stock futures pointed to a positive opening for Wall Street after Monday's Labor Day holiday. Investors’ focus will be set on PMI data from ISM scheduled for release later in the day.European equities were in the green and the euro edged higher against the dollar as policy makers tried to get a grip on the energy crisis. Japan's Nikkei ended higher after a four-session losing streak, as investors bought back stocks. Oil dropped as concerns surrounding weaker demand remerged and on prospect of more interest rate hikes. Gold prices were higher.


STOCKS TO WATCH

Deals Of The Day
• CVS Health Corp: The company on Monday agreed to buy home healthcare services company Signify Health for about $8 billion in cash, a move that will enable one of the largest U.S. healthcare companies to provide further care management to patients in their homes. CVS expects the deal to close in the first half of 2023 and said that it expects the acquisition to be "meaningfully" accretive to earnings. CVS said it would pay $30.50 per share for the company, or about $7.6 billion in equity as well as about $400 million in equity appreciation rights.

In Other News
• Amazon.com Inc: The company is considering entering the prescription drug sales market in Japan, the Nikkei newspaper reported on Monday. Amazon plans to partner with small- and mid-sized pharmacies for the service, starting next year when electronic prescriptions are allowed for the first time in Japan, Nikkei said, citing people involved in the project. Separately, Amazon said on Saturday that its pricey "Lord of the Rings" prequel series was watched by more than 25 million viewers around the world on its first day, a record debut for a Prime Video series.

• Bed Bath & Beyond Inc: The death of the company's chief financial officer, who fell from New York's Tribeca skyscraper known as the "Jenga" tower on Friday afternoon, has been ruled a suicide, the New York City Medical Examiner's Office said on Monday. Gustavo Arnal, 52, died from "multiple" blunt force trauma, the office said. The suicide came days after the struggling retailer announced it was closing stores and laying off workers. It also comes after Arnal as well as the company were sued on Aug. 23 over accusations of artificially inflating the firm's stock price in a "pump and dump" scheme, with the lawsuit alleging Arnal sold off his shares at a higher price after the scheme.

• Carlyle Group Inc & TPG Inc: Private equity firms Fountainvest Capital Partners, TPG and Warburg Pincus are among final-round bidders for Carlyle's stake in AmbioPharm, people with knowledge of the transaction told Reuters. Carlyle, which is targeting a valuation of $1 billion for Ambio in a sale, is expecting binding bids in the coming days, said three of the people. A deal could be reached by the end of September at the earliest, said one of them.

• Citigroup Inc: The company on Friday said it has slightly trimmed its mortgage workforce, due to an internal streamlining of functions. Less than 100 positions were affected, according to Bloomberg News, which first reported the layoffs. "We are doing our best to support each individual by helping them to find new employment opportunities within Citi or outside the firm," a spokesperson for Citi said in a statement.

• ConocoPhillips: The company, one of the largest U.S. independent oil producers, will provide natural gas and manage a carbon capture and storage facility for a proposed U.S. hydrogen gas project to be jointly developed with Japan's largest utility JERA, the companies said on Monday. The agreement to supply gas for hydrogen, a potential clean fuel for electricity production, marks a new avenue for natural gas producers. Several companies, including Conoco, have lined up long-term supply contracts with liquefied natural gas (LNG) developers that supply utilities.

• Credit Suisse Group AG: The company is selling its global trust business, an offshore arm for wealthy clients, as it embarks on an overhaul of its business following a series of scandals. The sale was announced as the Swiss bank defended itself against a billion-dollar-plus damages claim involving its trust arm in Singapore. Credit Suisse said it would sell its Singapore trust business, among others, and wind down legal entities and "residual businesses" in the coming years.

• Deutsche Bank AG: The company has opened a representative office in Bangladesh, the 15th market in which the bank operates in the Asia Pacific region, it said on Monday. It has hired Syed Naushad Zaman, former deputy head of Commerzbank's CBKG.DE representative office in Bangladesh, to lead the new business, the bank added.

• Digital World Acquisition Corp: The blank-check acquisition firm that agreed to merge with Donald Trump's social media company failed to secure enough shareholder support for a one-year extension to complete the deal, people familiar with the matter said on Monday. At stake is a $1.3 billion cash infusion that Trump Media & Technology Group (TMTG), which operates the former U.S. president's Truth Social app, stands to receive from Digital World Acquisition, the special purpose acquisition company (SPAC) that inked a deal last October to take TMTG public. Digital World needs 65% of its shareholders to vote in favor of the proposal to extend its life by 12 months for the move to become effective. By Monday evening, far fewer Digital World shareholders than those required had voted in favor, the sources said. The outcome of the vote is set to be announced at a special meeting of Digital World shareholders on Tuesday. Digital World executives do not believe they will be able to muster enough shareholder support in time and have started to consider alternative options, according to the sources.

• EQT Corp: The company, the largest dedicated producer of U.S. natural gas, is in advanced talks to acquire peer THQ Appalachia I LLC and associated pipeline infrastructure for around $4 billion, including debt, people familiar with the matter said on Monday. If the negotiations conclude successfully, EQT may announce an agreement with the owners of THQ Appalachia as early as this week, the sources said, requesting anonymity because the matter is confidential.

• Exxon Mobil Corp & Shell Plc: Shell and Exxon Mobil have put up for sale one of Europe's largest and oldest natural gas production ventures, betting on soaring energy prices amid tensions with Russia to attract buyers, according to a document and industry sources. The top two Western energy giants could raise over $1 billion from the sale of the 50-50 NAM joint venture in the Netherlands, two industry sources said.

• GSK PLC & Sanofi SA: The European Union's drugs regulator may be a few weeks from deciding whether to approve the experimental COVID-19 vaccine developed by French drugmaker Sanofi and its British partner GSK, a Sanofi executive said on Monday. Thomas Triomphe, Sanofi's executive vice-president for vaccines, told a hearing in the European Parliament that he believed the European Medicines Agency (EMA) would decide on the possible approval of the vaccine in a few weeks. The EMA was not immediately available to comment.

• JPMorgan Chase & Co: The company plans to hire a team of retail bankers in Germany as the biggest U.S. lender prepares to expand its international consumer business in pursuit of steadier revenue streams. In its first such foray outside the United States, JPMorgan entered the British market with a digital-only retail offering last year and executives have signalled their aim is to expand this to other countries. JPMorgan is now tracking the success of the rollout before making a decision on exactly where and to what extent it will offer the business elsewhere, a senior executive told Reuters. The hires in Germany could be used across different locations, the person said on condition of anonymity because JPMorgan's plans have not yet been finalised.

• Meta Platforms Inc: Ireland's data privacy regulator has agreed to levy a record fine of 405 million euros against social network Instagram following an investigation into its handling of children's data, a spokesperson for the watchdog said. Instagram plans to appeal against the fine, a spokesperson for parent Meta said in an emailed statement.

• Philip Morris International Inc: The company is considering lowering the acceptance threshold on its bid for Swedish Match, Bloomberg News reported on Monday, citing people familiar with the matter. According to Swedish law, 90% of shareholders would need to accept the offer to enable Philip Morris to acquire the remainder. However, PMI could choose to hold a majority stake in the company and keep it listed. It could then look to mop up the remaining shares over time. The Marlboro maker will decide in the next few weeks if it will change the deal conditions, the Bloomberg report said.

• Rio Tinto Plc: The chief executive of global mining firm Rio Tinto has met with top executives at the new Chinese state-owned agency created with an aim of centralising the country's iron ore purchases. Rio's CEO Jakob Stausholm and chief commercial officer Alf Barrios held a video meeting with the senior management of the Group on Sept. 1, the company said in a statement in Mandarin on its Chinese website on Monday. "Rio Tinto Group is very honoured to have the opportunity to become a strategic partner with China Minerals, and work together to deepen comprehensive cooperation in various fields and achieve win-win development," Stausholm said in the statement.

• Sea Ltd: Southeast Asia's largest e-commerce firm Shopee has rescinded dozens of job offers in the past two weeks, sources said, a move that began shortly after parent company Sea reported widening losses and sharply slower revenue growth. Four people interviewed by Reuters who have participated in a WeChat group of some 60 people that was set up to discuss Shopee's withdrawal of offers said their offers were pulled just days before they were due to begin work. One 27-year-old engineer who asked that only his first name Wang be used said his call came a week after arriving in Singapore, having quit a job in Shanghai with TikTok owner Bytedance.

• Tesla Inc: The company is stepping up recruitment in Thailand, Southeast's Asia automotive hub, with the U.S. electric vehicle (EV) maker looking to hire a business development manager and recruiters, its website shows. Nearly 20 Bangkok-based jobs including a home charging developer were advertised on its website and the position of a charging infrastructure lead was posted on LinkedIn on Monday. Other vacancies were for vehicle technicians, customer service and a parts adviser.

• Toyota Motor Corp: The company's truck and bus unit Hino Motors will halt production of some medium and heavy-duty trucks for at least another year after a widespread data falsification scandal, Nikkei Asia reported on Sunday. The medium-duty Ranger and the heavy-duty Profia truck will not be produced until August 2023, the report added.

• UBS Group AG: The Swiss bank and Wealthfront said on Friday they have mutually agreed to terminate their $1.4 billion deal, as part of which the automated wealth management provider was to be acquired by UBS Americas Inc. The Swiss bank said it is committed to its plan of growing in the U.S. and will continue to build its digital wealth management offering. "We are continuing to explore ways to work together in a partnership and UBS has given us $70 million in financing at a $1.4 billion valuation," Wealthfront Chief Executive Officer David Fortunato said.


INSIGHT
Inside Tesla's drive to keep Musk's battery promise
The secret behind Elon Musk's goal of selling 20 million Tesla's a year by 2030 lies in its pioneering battery technology. The good news is that by using bigger cells and a new process to dry-coat electrodes, Tesla could halve the cost of a Model Y battery, saving more than 8% of the car's U.S. starting price, battery experts with ties to the company said.


ANALYSTS' RECOMMENDATION
• Albemarle Corp: Jefferies raises target price to $350 from $320, on expectations that strong Lithium prices to improve the company’s 2023 earnings.

• Day One Biopharmaceuticals Inc: Jonestrading initiates coverage with buy rating, on expectations of top sales for the company’s inhibitors.

• International Flavors & Fragrances Inc: Jefferies raises target price to $116 from $101, after the company’s merger with the Nutrition & Biosciences division of DuPont created cost synergies and seeing improvement in its organic growth rate.

• Organon & Co: Piper Sandler raises rating to overweight from neutral, on the view that the company’s established brands segment erosion to continue.


ECONOMIC EVENTS (All timings in U.S. Eastern Time)
0945 S&P Global Composite Final PMI for Aug: Prior 45.0
0945 S&P Global Services PMI Final for Aug: Prior 44.1
1000 Employment Trends for Aug: Prior 117.63
1000 ISM N-Manufacturing PMI for Aug: Expected 55.1; Prior 56.7
1000 ISM N-Manufacturing Business Activity for Aug: Prior 59.9
1000 ISM N-Manufacturing Employment Index for Aug: Prior 49.1
1000 ISM N-Manufacturing New Orders Index for Aug: Prior 59.9
1000 ISM N-Manufacturing Price Paid Index for Aug: Prior 72.3


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


CORPORATE EVENTS (All timings in U.S. Eastern Time)
1630 Avid Bioservices Inc: Q1 earnings conference call
1630 Coupa Software Inc: Q2 earnings conference call
1630 Gitlab Inc: Q2 earnings conference call
1630 Healthequity Inc: Q2 earnings conference call
1700 Guidewire Software Inc: Q4 earnings conference call
1700 Uipath Inc: Q2 earnings conference call


EX-DIVIDENDS
Ameren Corp: Amount $0.59
Avery Dennison Corp: Amount $0.75
Barings BDC Inc: Amount $0.24
BlackRock Inc: Amount $4.88
Cigna Corp: Amount $1.12
Commerce Bancshares Inc: Amount $0.26
Halliburton Co: Amount $0.12
Kohls Corp: Amount $0.50
La-Z-Boy Inc: Amount $0.16
New Fortress Energy Inc: Amount $0.10
Old Dominion Freight Line Inc: Amount $0.30
PJT Partners Inc: Amount $0.25
PVH Corp: Amount $0.03
Schlumberger NV: Amount $0.17
Steris plc: Amount $0.47
Texas Roadhouse Inc: Amount $0.46
UniFirst Corp: Amount $0.30

Goedemorgen,

Vandaag weer een normale sessie met Wall Street erbij en na wat ik vrijdag heb gezien zou de markt even goed moeten kunnen herstellen. De markten neigen ernaar om even een bodem neer te zetten na een mindere fase, enkele indices zitten al dicht bij hun laagste stand van dit jaar. Let vooral op deze indices die dan de meeste potentie omhoog hebben, zie ook de DAX afgelopen vrijdag toen de index even tot boven de 13.000 punten geraakte. Veel zal afhangen van het sentiment en vooral ook door het nieuws dat vaak op onverwachte momenten voorbij komt zoals dat vrijdag het geval was met de toevoer van Russisch gas te stoppen. Verder zien we dat de olieprijs wat opliep gisteren door dat de OPEC de productie wat terug zal schroeven, een vat Brent olie kost vanmorgen rond de 95 dollar. De 10-jaars rente in de VS loopt wat op tot rond de 3,23%. De euro herpakt zich wat en staat rond de 0,996 dollar vanmorgen ...

Meedoen met onze signalen die we versturen kan door lid te worden via de Tradershop ... Let op, er loopt nu een aanbieding tot 1 NOVEMBER voor €35 ...

Update dinsdag 6 september:
Vanmorgen zien we dat de futures de dag wat hoger starten, Wall Street doet weer mee vandaag en na de draai van vorige week vrijdag zien we dat er wat herstel komt en dat men voorzichtig bereid is om in te stappen. Let er wel op dat we dicht bij een momentum komen om wat te doen, er kan weer een stevig herstel komen van rond de 2 tot zelfs 5%. Dat zijn we gewend geraakt tijdens het verloop van de beurzen dit jaar. Extreem Bearish moeten we niet worden, meer kijken naar het momentum dat de markt kan draaien zodra er een bodem staat. Dat hebben we afgelopen vrijdag nog kunnen merken, de beurzen stonden in no-time enkele procenten hoger voor dat vervelend nieuw roet in het eten gooide.

Vanaf nu moet ik goed bekijken waar er zich een mooi momentum voordoet, dan zal ik kijken waar we eventueel long kunnen instappen voor de leden. Het zal allemaal niet zo makkelijk worden om exact het juiste moment te vinden maar ik hoop er zo dicht mogelijk bij te zitten.

De AEX kon het verlies maandag beperken tot 4,5 punten na veel lager te starten, de DAX verloor 290 punten na de stevige plus van vrijdag. Het viel dus nog mee maar het is wel zo dat Europa dichter bij de bodems staat dan Wall Street.

Signaaldiensten:
Zelf blijven we uiteraard alert en zoeken we naar kansen om te handelen, vrijdag werden de long posities in ieder geval op de hoogste stand van de sessie gesloten voor de leden. We kiezen dan vooral de bekende indices en bij Guy Trading samen met COMBI-Trading ook wat bekende aandelen en de Brent olie. We handelen ook nog steeds met kleine posities omdat de markt te volatiel blijft.

Meedoen met onze signalen kan nu via de nieuwe aanbieding die loopt tot 1 NOVEMBER 2022. Schrijf u nu snel in tot 1 NOVEMBER voor €35 via de Tradershop en kies uw abonnement via de link https://www.usmarkets.nl/tradershop

Marktoverzicht:
Wall Street doet weer mee vandaag, even goed bekijken waar er zich mogelijkheden voordoen. Vrijdag verloor Wall Street vanaf de top van de sessie nog behoorlijk, zo te zien kan er vandaag wat herstel komen als we naar de futures kijken. Europa verloor zoals verwacht gisteren, het viel op zich nog mee want de AEX sluit 4,5 punten lager terwijl de DAX 290 punten moest inleveren.

Dow Jones:
De Dow Jones begon heel sterk en geraakte tot net boven de 32.000 punten na de sterke start, er kwam daarna een verkoopgolf op gang en al heel snel moest de Dow Jones terug tot rond de 31.182 punten wat ruim 800 punten onder de dagtop lag. Een zeer volatiele sessie dus met opnieuw na de rally een stevige daling. Het blijft opletten in deze markt, we kunnen maar weinig vertrouwen hebben om lang in deze markt te blijven zitten.

De Dow zakt terug tot de oplopende steunlijn nu die rond de 31.150-31.200 punten uitkomt, als de index nu verder zakt dan zien we steun rond de 31.000 en de 30.600 punten. Verder pas steun rond de 30.000 punten, later de bodem van juni rond de 29.500-29.600 punten.

AEX index:
De AEX verloor slechts 4,5 punten en sluit op 674 punten, het viel allemaal mee gezien de draai van vrijdagavond op Wall Street. Verder zien we technisch weinig verandering, de index staat nu tussen de 665 en de 675 punten en zal richting moeten kiezen de komende dagen.

Steun nu eerst rond de 665-667 punten met later de 660 en de 653-655 punten steun. Verder zien we rond de 642 en de 630-635 punten steun. Weerstand nu de 675 punten met verder de 680 en de 690 punten. De 700-702 punten weerstand zien we nu heel ver weg maar dat blijft wel een belangrijk richtpunt mocht de markt enkele dagen fors herstellen.

DAX index:
De DAX verloor maandag 290 punten en sluit de sessie af op 12.761 punten. De start lag veel lager met de laagste stand die op 12.617 punten uitkwam. Toch kan er zich een bodem vormen rond de 12.600 punten want die werd getest en stevig genoeg bevonden maandag. Pas als de DAX onder die 12.600 punten zakt wordt het lastig en mogen we een test van de bodemzone rond de 12.400 punten verwachten. Aan de bovenkant wordt de 13.050 punten nu belangrijk, daar zien we de top van afgelopen vrijdag ...

Steun nu rond de 12.750-12.800 punten maar zo te zien zal de index al terug moeten tot rond de 12.600 punten waar de bodem van vorige week uitkomt. Later steun rond de 12.400 punten waar we de bodems van juli zien uitkomen. Weerstand nu eerst de 13.000-13.050 punten.

Nasdaq Composite:
De Nasdaq begon sterk aan de sessie vrijdag maar er kwam wederom een brute draai omlaag zodat de index alsnog met 154 punten verlies sluit op 11.631 punten. De Nasdaq sluit onder de 11.750 punten steun en dat is absoluut geen goed teken, de weg kan nu open liggen richting de 11.250 en zelfs tot rond de 11.050-11.075 punten.

Weerstand wordt nu eerst de 11.750 punten, later de 12.000-12.050 punten als richtpunt met het 50-daags gemiddelde dat nu rond de 12.030 punten uitkomt. We zitten met nogal wat druk naar omlaag maar meteen ook met een behoorlijk volatiele markt. Tussen hoog en laag zien we vrijdag zo'n 370 punten verschil.

Overzicht resultaten deze maand augustus en dit jaar (2022):

De signaaldiensten:
We starten de maand september meteen al positief na dat we op het perfecte moment de posities hebben gesloten afgelopen vrijdag. Na ook augustus met een goed resultaat te hebben afgerond werd dat voor de 8ste maand op rij dit jaar dat we positief kunnen afsluiten ... Meedoen met onze signalen kan nu via de aanbieding die loopt tot 1 NOVEMBER 2022 en dan voor €35. Ga snel naar onze Tradershop en kies daar uw abonnement via de link https://www.usmarkets.nl/tradershop dan staat u vandaag nog op de lijst en ziet u alle details over de posities die open staan.

Met vriendelijke groet,
Guy Boscart