Liveblog Archief maandag 15 november 2021

TOP NEWS
• Biden, needing a boost, to sign $1 trillion infrastructure bill
In need of a political boost, President Joe Biden will sign a $1 trillion infrastructure bill on Monday at a ceremony expected to draw Democrats and some Republicans who were instrumental in getting the legislation passed.

• PREVIEW-Santa Claus is coming to town – but at what cost to Walmart and Target?
Pent-up demand is expected to have boosted early holiday sales this year, but big discounters Walmart and Target may still see margins fall as surging costs for labor, warehousing and ocean and land freight threaten to play Grinch.

• McKesson, drug distributors face $95 billion opioid trial in Washington state
A trial pitting Washington state against McKesson and two other drug distributors accused of fueling the U.S. opioid epidemic is slated to kick off on Monday, after the state's attorney general declined to join a $26 billion nationwide settlement.

• Chinese embassy lobbies U.S. business to oppose China bills - sources
China has been pushing U.S. executives, companies and business groups in recent weeks to fight against China-related bills in the U.S. Congress, four sources familiar with the initiative told Reuters, in letters to and meetings with a wide range of actors in the business community.

• Shell ditches the Dutch, moves to London in share structure overhaul
Royal Dutch Shell said it would scrap its dual share structure and move its head office to Britain from the Netherlands, pushed away by Dutch taxes and facing climate pressure in court as the energy giant shifts from oil and gas.


BEFORE THE BELL
Wall Street futures extended gains after finishing strong last week, while investors awaited retailers' earnings this week. European shares were little changed over the possibility of fresh COVID-19 lockdowns. Chinese stocks closed lower after data showed property investment and sales growth continued to slow, weighing on the economic outlook. The dollar eased as traders awaited fresh clues on Federal Reserve interest rate hike plans. Gold prices edged lower. Oilprices fell on expectations of increasing supply, while higher energy costs also weighed on demand.


STOCKS TO WATCH
Results
• Mitsubishi UFJ Financial Group Inc: The company said predicted net profit would hit a record this financial year, thanks to the release of cash from pandemic-related provisions as well as a drop in other credit-related costs. MUFG hiked its profit estimate for the year to end-March by nearly a quarter to 1.05 trillion yen, ahead of a Refinitiv consensus estimate of 982 billion. For the July-September quarter, MUFG's net profit surged 83% to 398.4 billion yen. MUFG added it would buy back up to 150 billion yen or 2.33% of its outstanding shares by the end of March.

In Other News
• Alphabet Inc: Telenor and Google Cloud have formed a partnership to digitalise the Norwegian telecom company's global operations and are exploring ways to jointly offer services to customers, the two companies said. The firms will not only use Google Cloud's services to boost Telenor's own IT and network, but also collaborate to provide Telenor's customers with digital tools, their respective chief executives told Reuters.

• Amazon.com Inc: A group of Amazon workers in New York City's Staten Island have withdrawn a petition to hold a union election, marking a setback in a growing push by organized labor to bring the online retailer's staff into the fold. The group, known as the Amazon Labor Union, which is not affiliated with a major U.S. union, filed its petition last month, joining union campaigns underway at Amazon facilities in Alabama and Canada.

• American Airlines Inc: The company relaunched flights to India this week, nearly a decade after stopping them, looking to capitalise on growing demand for non-stop travel amid the coronavirus pandemic, a senior executive of the airline told Reuters. With travel demand bouncing back at home, American Airlines wants to expand its international network and India was "one of the biggest untapped markets" for it, said Tom Lattig, managing director of EMEA sales. "A lot of customers really want to fly non-stop, particularly as we've come through the pandemic. We know there is huge demand for travel between India and the United States so there is an opportunity right now in the middle of the pandemic to come back," Lattig said in an interview in New Delhi.

• Apple Inc: Hot on the heels of Netflix's breakout South Korean hit "Squid Game," Apple has rolled out its first Korean-language original series this month, to coincide with the launch of its Apple TV+ streaming service in South Korea. Based on a Korean web comic of the same name, "Dr. Brain" is a six-episode sci-fi thriller about a cold-hearted neurologist Koh Sewon who tries to find clues to a mysterious family accident through brain experiments.

• Berkshire Hathaway Inc: The company's General Reinsurance unit has set up a Middle East office in Dubai, Dubai International Financial Centre (DIFC) said. Gen Re will provide life and health reinsurance services across the Middle East and North Africa (MENA), DIFC said.

• Boeing Co: China's aviation regulator has told airlines it is satisfied that design changes Boeing proposed for its 737 MAX plane could resolve safety problems, in a sign it is closer to lifting a more than two-year flight ban in Chinese skies. The Civil Aviation Administration of China (CAAC) invited airlines to give feedback on a proposed airworthiness directive for the 737 MAX by Nov. 26, according to an undated notice seen by Reuters. The directive outlines specific procedures for pilots to perform in case of problems similar to those that emerged in two deadly crashes before the plane's grounding in March 2019. It also lists all the systems that must be functioning in order for the plane to be dispatched. Separately, Saudi Arabian Airlines is in talks with Airbus and Boeing for a wide-body jet order, with a decision expected next year, its chief executive said on Sunday.

• Continental Resources Inc: Shale pioneer Harold Hamm this week purchased $5.17 million worth of stock in Continental Resources, the company he founded, according to a regulatory filing published on Friday. A representative for Continental did not immediately respond to a request for comment.

• CVS Health Corp, Walgreens Boots Alliance Inc & Walmart Inc: A jury is set to hear closing arguments on Monday in a trial in federal court in Cleveland focused on claims by two counties in Ohio that three major retail pharmacy chains - CVS, Walgreens and Walmart - fueled the U.S. opioid epidemic by failing to stop addictive painkilling pills from reaching the black market. The arguments will cap off a trial in a lawsuit by Lake and Trumbull counties accusing CVS Health Corp, Walgreens Boots Alliance Inc and Walmart of bearing responsibility for the deadly effects of the epidemic in those communities. The counties accused the companies of creating a "public nuisance" and seek to force them to pay to address the epidemic's devastation. Plaintiff lawyers have said those costs are potentially $1 billion for each of the counties.

• HSBC Holdings PLC: The company appointed two executives to run its Asia Pacific commercial banking business as the London-headquartered lender steps up its focus on the region to boost growth. Amanda Murphy, currently the head of its commercial banking business in Britain, will lead commercial banking operations in South and Southeast Asia, and be based in Singapore, HSBC said. Hong Kong-based Frank Fang, who currently heads commercial banking for Hong Kong and Macau, will continue to lead the businesses in both markets and support clients as they capture opportunities arising from the Greater Bay Area, HSBC said. Both executives will jointly lead the Asian commercial banking business and report to Barry O'Byrne, Hong Kong-based CEO for HSBC's global commercial banking.

• IHS Markit Ltd & S&P Global Inc: S&P Global and IHS Markit have won U.S. antitrust approval for their planned merger, on condition it sell some businesses and scrap a non-compete agreement with GasBuddy, the Justice Department said in a statement. To win approval for the deal, the companies agreed to sell three of IHS Markit's price reporting agency (PRA) businesses. The department said the businesses are: Oil Price Information Services (OPIS); Coals, Metals, and Mining (CMM); and PetrochemWire (PCW). In a court filing, the Justice Department said that S&P Global and IHS are a small number of companies that provide PRA services and "compete vigorously in each of the relevant markets, resulting in lower prices and increased quality and innovation for PRA customers."

• International Business Machines Corp: The company said it has designed a new quantum computing chip that its executives believe will let quantum systems start to outperform classical computers at some tasks within the next two years. IBM said that its "Eagle" computing chip has 127 so-called "qubits," which can represent information in quantum form. Classical computers work using "bits" that must be either a 1 or 0, but qubits can be both a 1 and a 0 simultaneously.

• McKesson Corp, Cardinal Health Inc & AmerisourceBergen Corp: A trial pitting Washington state against McKesson and two other drug distributors accused of fueling the U.S. opioid epidemic is slated to kick off on Monday, after the state's attorney general declined to join a $26 billion nationwide settlement. Washington Attorney General Bob Ferguson has accused McKesson, Cardinal Health and AmerisourceBergen of creating a public nuisance by failing to prevent the diversion of prescription pills into illegal channels. Washington is seeking $38.2 billion to fund treatment and other programs and billions more in penalties and forfeited profits. The distributors, who deny wrongdoing, say the state wants a "wildly inflated recovery" of more than $95 billion.

• Nvidia Corp: UK ministers are expected to order an in-depth investigation of Nvidia's planned 30 billion pounds acquisition of British chip designer ARM over antitrust and national security concerns, the Sunday Times reported. Britain's Digital and Culture Secretary Nadine Dorries is expected to instruct the Competition & Markets Authority (CMA) to undertake a "phase two" probe of the deal next week, the report said.

• Royal Dutch Shell Plc: The company said it would scrap its dual share structure and move its head office to Britain from the Netherlands, pushed away by Dutch taxes and facing climate pressure in court as the energy giant shifts from oil and gas. The company, which long faced questions from investors about its dual structure and had recently been hit by a Dutch court order over its climate targets, aims to drop "Royal Dutch" from its name - part of its identity since 1907 - to become Shell Plc. The Anglo-Dutch firm has been in a long-running tussle with the Dutch authorities over the country's 15% dividend withholding tax, which Shell sought to avoid paying with its two share classes. Its new single structure would resolve that issue and allow Shell to strike swifter sale or acquisition deals.

• Tesla Inc: The company's shares slipped in premarket trading, adding to a heavy week of losses after CEO Elon Musk offloaded a combined $6.9 billion worth of shares in the electric-car maker. Musk got into a spat with Bernie Sanders on Sunday after the U.S. senator demanded the wealthy pay their "fair share" of taxes. Meanwhile, "The Big Short" investor Michael Burry took aim at Musk again, tweeting, "@elonmusk borrowed against 88.3 million shares, sold all his mansions, moved to Texas, and is asking @BernieSanders whether he should sell more stock. He doesn't need cash. He just wants to sell $TSLA."

• Toyota Motor Corp: The company said on Saturday it will partner with four other Japanese vehicle makers to explore the viability of alternative green fuels for internal combustion engine cars, including hydrogen and synthetic fuels derived from biomass. The companies, which in addition to Toyota include Mazda, Subaru, Yamaha and Kawasaki Heavy Industries, made the announcement at a race track in Okayama, western Japan, where Toyota is racing a hydrogen car. The hydrogen race car is being driven by Toyota chief executive Akio Toyoda along with other Toyota drivers.


ANALYSIS
Post recovery? Fed, elected officials now challenged to define new normal
A year ago, as the coronavirus built toward its most intense peak, the U.S. economy was in a dark spot with job growth stalled, more than 10 million out of work and about to lose unemployment benefits, and warnings of a slide back into recession. After the deployment of three vaccines and two rounds of government spending since, some measures of the economy have now hit pre-pandemic levels - and shifted the challenge for policymakers from battling a health crisis to determining which remaining problems are still rooted in the pandemic and which may need longer-term solutions.


ANALYSTS' RECOMMENDATION
• Beyond Meat Inc: Cowen and Company cuts target price to $79 from $101, following the company's poor third-quarter earnings as well as softer top-line outlook.

• Bridge Investment Group Holdings Inc: JPMorgan raises target price to $24 from $19, citing the company's strong third-quarter results.

• Brilliant Earth Group Inc: Piper Sandler raises target price to $20 from $16, based on the company's first reported quarter as a publicly-traded firm, which beat the estimates.

• Coupang Inc: JPMorgan cuts target price to $28 from $32, to reflect incrementally subdued operating leverage on a higher logistics/labor costs burden that will likely continue over the next few quarters.

• Home Depot Inc: Piper Sandler raises target price to $323 from $320, ahead of its third-quarter earnings believing that home improvement spending trends have generally held steady.​


ECONOMIC EVENTS (All timings in U.S. Eastern Time)
0830 NY Fed manufacturing for Nov: Expected 20.50; Prior 19.80


COMPANIES REPORTING RESULTS
Advance Auto Parts Inc: Expected Q3 earnings of $2.87 per share
Tyson Foods Inc: Expected Q4 earnings of $2.03 per share


CORPORATE EVENTS (All timings in U.S. Eastern Time)
0800 Clear Secure Inc: Q3 earnings conference call
0800 Ginkgo Bioworks Holdings Inc: Q3 earnings conference call
0800 Roivant Sciences Ltd: Q2 earnings conference call
0800 Thoughtworks Holding Inc: Q3 earnings conference call
0830 Oatly Group AB: Q3 earnings conference call
0830 Warner Music Group Corp: Q4 earnings conference call
0900 Tyson Foods Inc: Q4 earnings conference call
0900 Wework Inc: Q3 earnings conference call
1200 AECOM: Q4 earnings conference call
1630 Endeavor Group Holdings Inc: Q3 earnings conference call
1630 Rocket Lab USA Inc: Q3 earnings conference call
1700 Axon Enterprise Inc: Q3 earnings conference call
1700 Lucid Group Inc: Q3 earnings conference call


EX-DIVIDENDS
Amgen Inc: Amount $1.76
Duke Realty Corp: Amount $0.28
MSC Industrial Direct Co Inc: Amount $0.75
Paccar Inc: Amount $0.34
Pinnacle West Capital Corp: Amount $0.85
Reinsurance Group of America Inc: Amount $0.73
Reynolds Consumer Products Inc: Amount $0.23
Select Medical Holdings Corp: Amount $0.12
Vulcan Materials Co: Amount $0.37
Welltower Inc: Amount $0.61

Goedemorgen,

Het zal opnieuw een belangrijke week worden, kunnen de indices weer records neerzetten? Of komt er toch een daling op gang richting de belangrijke steunpunten die een paar procent lager wachten. Vrijdag kon Wall Street in ieder geval verder herstellen na eerder in de week even wat lager te hebben gestaan, Europa deed het goed vorige week met de DAX en de CAC 40 die nieuwe records neerzetten op slotbasis. Opvallend is dat de DAX heel voorzichtig boven die 16.000-16.050 punten blijft hangen, vlakke toppen dus en dat is niet echt sterk. De AEX kon tot de 820 punten herstellen, ook de AEX zal deze week een keuze moeten maken.

Update maandag 15 november:
Na het herstel van eind vorige week is het nu de vraag of de markt nieuwe records kan laten zien deze week? Op Wall Street komen we er weer heel dicht bij nu, in Europa was het vrijdag al zo met records voor de DAX en de CAC 40. De AEX kwam er wel bijna maar met het slot net boven de 820 punten net geen record op de borden. Vanmorgen zien we de futures vlak tot iets lager, we bekijken in de loop van de sessie wel hoe de markt zich verder zal gedragen. Beide scenario's blijven mogelijk, ofwel opnieuw een poging omhoog of de terugval komt weer op gang met als doel de bodems van vorige week op de zoeken.

Opletten voor teveel optimisme blijft belangrijk want de markten gaan hoe dan ook op vrij korte termijn een grotere correctie laten zien. Naar mijn gevoel worden DIP's te snel opgekocht omdat niemand enige angst vertoont en dat zelfs niet met deze torenhoge waarderingen. Daar zit er een groot gevaar, bij de ene index meer dan bij de andere en bepaalde sectoren zitten in een euforische bubbel waarbij we zeker alert moeten blijven. We kunnen weinig anders dan op halve kracht handelen in deze fase, de volatiliteit is te heftig om zonder risico te groot in te stappen. Daarom kies ik zelf nog steeds om met halve posities te werken in deze fase.

Verloop markten vorige week:
Op weekbasis zien we wel verlies bij de Dow Jones (-0,65%), de S&P 500 verloor 0,3% terwijl de Nasdaq (-0,7%) en de Nasdaq 100 (-1%) voor het eerst in 6 weken verlies laten zien op weekbasis. De SOX index wint dan op weekbasis 1% terwijl de Dow Transport 0,5% lager sluit.

In Europa zien we dat de DAX 0,25% hoger sluit en zo nieuwe records blijft neerzetten, de Franse CAC 40 won de afgelopen week 0,7%. De AEX index kon de week net met een klein plusje (0,6 punt) afsluiten. Europa laat een voorzichtige week achter maar wel zonder dat er verlies werd gemaakt gezien het slot op vrijdag. De AEX had wel de slotrally nodig om net in de plus te blijven op weekbasis.

We blijven hoe dan ook voorzichtig met het kiezen van posities, we zien wel kansen maar we moeten zeker niet te snel en te gretig gaan handelen in deze fase, ik moet de markt goed aanvoelen en het juiste momentum zien te kiezen. Te vroeg instappen, waarschijnlijk long, zou jammer zijn maar aan de andere kant moeten we ook deze kans durven te nemen nu de indices een interessant punt naderen. Er lopen nu even geen posities want we hebben dinsdag winst genomen op de short posities waardoor het resultaat deze maand verder oploopt.

Er komen mogelijk snel weer nieuwe kansen, dus blijf alert voor de mail en de SMS die ik ga versturen. U kunt meedoen door lid te worden via een proefabonnement dat loopt tot 1 januari.

Schrijf u nu in via de nieuwe aanbieding tot 1 JANUARI voor €35. Ga meteen naar onze tradershop via de link https://www.usmarkets.nl/trade...

Marktoverzicht:
De indices op Wall Street herpakken zich na de daling aan het begin van de week, records zien we nog niet maar de DIP werd stevig opgekocht desondanks de slechte berichten over de inflatie die woensdag binnen kwamen. Deze week is het erop of eronder zo te zien, geraken we verder omhoog dan zien we snel weer records, zo niet dan verwacht ik een snelle terugval richting de oude topzone die nog een paar procent onder de slotkoersen van vrijdag uitkomen.

De AEX herpakt zich ook vrijdag maar geraakt nog niet voorbij de 820 punten, we zien nogal wat weerstand in de buurt van de 820-825 punten. Ook wat betreft de AEX opletten de komende week. De DAX blijft hangen en zet minimale records neer, de DAX lijkt te wachten op een grotere beweging zo te zien.

Dow Jones:
De Dow Jones herpakt zich vrijdag met 179 punten winst, na enkele mindere dagen zien we de Dow Jones wat herstellen maar de index bereikt de steunzone nog niet waardoor we moeten blijven opletten de komende week. Wall Street wou richting het weekend de schade beperkten om zo de week minder negatief af te ronden. Toch zien we voor het eerst in 6 weken tijd een verlies op weekbasis wat betreft de Dow Jones.

Weerstand zien we nu eerst rond de 36.250 punten met later de topzone rond de 36.500-36.600 punten, bij een uitbraak komen dan eerst de 36.750 en zelfs de 37.000 punten in beeld als doelen.

Steun nu eerst de 35.750 steun om later uit te komen bij de 35.630 punten waar de oude top uitkomt. Eerst deze belangrijke niveaus in de gaten houden, daarna kijken we verder wat betreft de Dow Jones.

AEX index:
De AEX begon vrijdag zwak maar wist zich helemaal te herpakken later richting het slot, de index komt zo weer uit op 820 punten waar we de zware weerstand zien uitkomen, tussen de pakweg 820 en de 824 punten waar de top wacht. Veel veranderd er niet, de index zit in een range tussen de pakweg 808 en de 822 punten, belangrijk wordt in welke richting de AEX zal uitbreken later deze maand. Weerstand nu de zone 820-825 punten, later de 830 en de 835 punten als weerstand.

Steun nu eerst rond de 808-810 punten, later de oude topzone tussen de 800-803 punten waar er een duidelijke en sterke steun wacht. Pas als de AEX weer onder de 800 punten zakt moeten we rekening gaan houden met de steun rond de 790-792 punten met daaronder vooral de 780-782 punten.

DAX index:
De DAX blijft opvallend lang haperen rondom de weerstand ofwel de topzone en geraakt voorlopig niet verder, de 16.025-16.100 punten blijft een zware weerstand. Het blijft opvallend dat nu de DAX daar geraakt de index deze zone stevig weet te verdedigen. Ook vrijdag toen alle indices plots behoorlijk omhoog schoten zien we de DAX niet mee bewegen. Het blijft een vreemde situatie want we weten even niet wat we met de DAX moeten, op slotbasis zet de index wel weer een nieuw record neer.

Blijf in ieder geval opletten mocht er een definitieve uitbraak komen door deze weerstand, dan zie ik de doelen rond eerst de 16.250 en later rond de 16.500 punten uitkomen en bij een uitbraak kan het snel gaan. We moeten de DAX goed in de gaten houden en vooral opletten welke richting die de DAX kiest de komende sessies.

Steun nu eerst de 15.810 punten, later steun rond de 15.600 en de 15.500 punten. De volgende steun zien we rond de 15.270 punten waar nu het 200-daags gemiddelde uitkomt.

Nasdaq Composite:
De Nasdaq herpakt zich verder en sluit vrijdag 156 punten hoger zo dat het grootste gedeelte van het verlies van woensdag goed werd gemaakt donderdag en vrijdag. Die steun rond de 15.400-15.425 punten blijft wat mij betreft nog altijd belangrijk en een test van deze zone zou logisch zijn via een correctie die wat langer duurt. Het probleem is dat beleggers zeer ongeduldig blijven en elke DIP zo snel mogelijk weer willen opkopen. Daar zit er wel een groot gevaar in want eens er een bodem wegvalt dan kan een index als deze snel fors inleveren.

Weerstand zien we nu rond de topzone 16.000-16.050 punten met later de lijn over de toppen die rond de 16.250 punten uitkomt. Daarna bij een extreem omhoog kan de 16.500 punten in beeld komen als mogelijk doel. Steun zien we nu eerst rond de 15.600 met al snel daaronder de belangrijke zone 15.400-15.425 punten. Bij een verdere daling steun rond de 15.325 punten en de 15.250 punten.

Overzicht resultaat deze maand oktober en dit jaar (2021):
Dinsdag werd de winst genomen op de short posities, het resultaat voor deze maand loopt zo weer wat op. Het handelen verloopt prima en dat is al het gehele jaar zo want via de overzichten hieronder ziet u dat we er in 2021 heel goed voorstaan en het doel eigenlijk al ruim werd bereikt, we hebben nog enkele weken te gaan dit jaar en er komen nog genoeg kansen zo te zien. Ik zoek voorzichtig naar nieuwe mogelijkheden zodra die zich voordoen.

Om mee te doen kan dat via het nieuwe proefabonnement tot 1 januari en voor €35. Schrijf u nu in via de nieuwe aanbieding en ga meteen naar onze tradershop via de link https://www.usmarkets.nl/trade...

Overzicht resultaten maand november en dit jaar (2021)

Met vriendelijke groet,
Guy Boscart