Liveblog Archief vrijdag 19 november 2021

TOP NEWS
• House delays vote on Biden's $1.75 trillion bill to after hours-long speech
The vote on U.S. President Joe Biden's $1.75 trillion social spending bill has been delayed until Friday in the House of Representatives, after Republican House Minority Leader Kevin McCarthy gave an hours-long, circuitous speech.

• U.S. discussing joint reserves release with China, others in aim at OPEC
Governments from some of the world's biggest economies said on Thursday they were looking into releasing oil from their strategic reserves, following a rare request from the United States for a coordinated move to cool global energy prices and ahead of a meeting of major oil producing countries.

• Fed to hike in Q4 next year; inflation to remain above target until 2024
The Federal Reserve will raise interest rates late next year, earlier than expected just a month ago, in a landmark shift from the emergency measures it took to backstop the U.S. economy during the COVID-19 pandemic, according to a Reuters poll.

• Blackstone makes sweetened $6.2 billion play for Australia's Crown
Blackstone made a $6.2 billion approach for troubled Australian casino firm Crown Resorts, sweetening an earlier offer as its main rival bidder is beset by regulatory problems.

• Binance U.S. may raise 'couple hundred million' in funding, CEO says
Binance's U.S. unit may raise a "couple hundred million" dollars in a funding round set to close in a month or two and the global cryptocurrency exchange has also decided on a new headquarters, its chief executive Changpeng Zhao said.​


BEFORE THE BELL
Nasdaq index futures hit a record high as investors sought economically stable sectors after a small delay in voting on President Joe Biden's $1.75 trillion spending bill. European stocks retreated from record highs and oil prices dropped below $79 a barrel as a fresh surge in COVID-19 cases in Europe threatened to slow the economic recovery. Hong Kong shares were down more than 1%, dragged down by index heavyweight Alibaba, while sharp rises in the property and logistics shares helped China stocks end higher. Japan's Nikkei rose as chipmaking giants tracked their U.S. peers higher. In currencies, the dollar was on track for a fourth straight week of gains against major rival currencies, while the euro was down more than 1% this week versus the greenback, a second consecutively weekly drop. Gold prices edged higher as rising inflation buoyed its safe-haven appeal.


STOCKS TO WATCH
Results
• Applied Materials Inc: The company forecast first-quarter sales and profit below market estimates on Thursday, as chip shortages slowed the supply chain of the world's biggest maker of tools for making chips. Applied expects current-quarter net sales of $6.16 billion, plus or minus $250 million, compared with analysts' estimates of $6.50 billion. Applied also forecast adjusted earnings between $1.78 and $1.92 per share, compared with estimates of $2.01 per share. For the fourth quarter, the company's sales rose 31% to $6.12 billion, below estimates of $6.35 billion. On an adjusted basis, the company earned $1.94 per share, a cent short of expectations.​

Deals Of The Day
• Carlyle Group Inc: The company said an affiliate had agreed to acquire South Korean coffee and cake chain A Twosome Place Co from private equity fund Anchor Equity Partners. A Carlyle spokesperson declined to comment on price. A special investment vehicle in which Anchor was a participant had a 73.89% stake in Twosome as of end-2020, after having bought an additional 45% stake in 2019 for 202.5 billion won from CJ Foodville Co, according to company filings. ​

In Other News
• Baidu Inc: Swiss Re and the Chinese tech group are teaming up to help advance autonomous driving, the Swiss reinsurer said. Swiss Re will provide risk management expertise and insurance products for Baidu's autonomous driving business, it said without giving any financial terms. "This partnership will advance risk management research and insurance protection for autonomous vehicles, representing an important step forward in building a comprehensive ecosystem of mobility services," Swiss Re said.

• Blackstone Group Inc: The investment giant made a $6.2 billion approach for troubled Australian casino firm Crown Resorts, sweetening an earlier offer as its main rival bidder is beset by regulatory problems. The A$12.50-a-share proposal, disclosed by Crown, is the third from Blackstone and pushed Crown's shares higher. The stock was still below Blackstone's indicative price, suggesting a degree of doubt that a deal will eventuate. The revised offer puts Blackstone in the box seat to win control of Crown, which has faced devastating misconduct inquiries in every state it operates in, plus protracted COVID-19 lockdowns.

• CureVac NV: The German biotechnology company said on Thursday clinical trials for its second-generation COVID-19 vaccine are expected to start within the next few months. Earlier on Thursday, the company published data that showed its next-generation shot, CV2CoV, produced neutralizing antibodies in monkeys that were comparable to those produced by Pfizer's approved vaccine. The efficacy was also greater than the company's first-generation vaccine, it added.

• Delta Air Lines Inc: The company is considering buying a stake in state-owned Italian carrier Italia Trasporto Aereo (ITA) to boost its presence in the European market, daily La Repubblica reported, citing government sources. The paper mentioned an initial "prudent sounding out" on behalf of Delta, without mentioning any details. The American airline could not immediately be reached for a comment.

• New York Times Co: A New York trial judge on Thursday temporarily blocked the New York Times from publishing some materials concerning the conservative activist group Project Veritas, a rare step that the newspaper said violated decades of First Amendment protections for the process. The order by Justice Charles Wood of the Westchester County Supreme Court covers memos written by a Project Veritas lawyer and obtained by the Times. Wood scheduled a hearing for next Tuesday to consider a longer prohibition against publication, and whether the Times should remove references to privileged attorney-client information in a Nov. 11 article about Project Veritas' journalism practices.

• Nike Inc & Roblox Corp: Nike on Thursday revealed a virtual world modeled after its headquarters on video game platform Roblox, becoming one of the first big brands to enter the "metaverse". The digital space, called "NIKELAND", allows players to outfit their avatar with special Nike products and is free for anyone to visit on Roblox. Visitors can currently play "Tag", "The Floor Is Lava" and "Dodgeball" on the platform, which also lets creators design their own mini-games from interactive sports materials.

• Pfizer Inc: The company plans to apply for a European authorisation of its experimental antiviral pill to treat COVID-19 on Friday, German weekly Wirtschaftswoche said, citing sources close to the European Medicines Agency (EMA) and the company. The paper also said that acting German health minister Jens Spahn plans to buy Pfizer's medicine. "The health ministry is in contact with Pfizer regarding a possible procurement of the antiviral drug Paxlovid," Wirtschaftswoche quoted a ministry's spokesperson as saying. Separately, Germany is in negotiations with Pfizer about possibly buying its experimental antiviral pill to treat COVID-19, and is also talking to other companies that are developing promising medicines, Health Minister Jens Spahn said.

• Ryanair Holdings Plc: The company gave notice of its intention to delist from the London Stock Exchange next month, saying the volume of trading did not justify the costs related to retaining an additional listing. Ryanair said the last day of trading of its shares on the LSE would be Dec. 17. Ryanair said it will continue to hold a primary listing on Euronext Dublin and list its American Depository Receipts (ADRs) on the U.S. Nasdaq.

• SoFi Technologies Inc: Chamath Palihapitiya has sold down around 15% of his position in the U.S. online lending company this week, the venture investor said in a tweet on Thursday. Palihapitiya, founder and chief executive officer of Social Capital, said the sale was to build up cash reserves and fund recent investments in companies such as battery materials firm Mitra Chem, fintech startup Spectral Finance and blockchain infrastructure company Syndica.

• Starbucks Corp: Employees at a Starbucks cafe in Mesa, Arizona, have said they want to join a union, marking an expansion of efforts by organized labor to target more of the coffee chain's locations. Six of the company's stores in Buffalo, New York have already said that they aim to join Starbucks Workers United, an affiliate of the Service Employees International Union. Eligible employees at three of those locations are currently voting by mail on whether to join, with ballots due Dec. 8. The union on Thursday tweeted a letter that it said was sent to Starbucks Chief Executive Kevin Johnson regarding the Arizona location.

• Weibo Corp: The Chinese social media company has been approved by the Hong Kong Stock Exchange's listing committee to sell shares in the city, according to regulatory filings, giving it a secondary listing alongside New York. Weibo not specify how much China's largest microblogging platform is looking to raise in the secondary listing, nor specify a timetable for the sale. The filings were part of a post-committee hearing information pack published on the Hong Kong Stock Exchange's website, indicating Weibo had been given approval to press on with the listing.​


SPECIAL REPORT
The Amazon lobbyists who kill U.S. consumer privacy protections
Amazon.com has amassed a vast amount of sensitive personal information on its customers. Internal documents reveal how a former aide to Joe Biden helped the tech giant build a lobbying juggernaut that has gutted legislation in two dozen states seeking to give consumers more control over their data.


ANALYSTS' RECOMMENDATION
• Alibaba Group Holding Ltd: Raymond James cuts target price to $220 from $240, after the company reported lower-than-expected Q2 revenues and EBITA due to largely to slower China retail marketplace growth.

• Kohl’s Corp: JPMorgan raises target price to $73 from $63, after the company reported Q3 adjusted EPS of $1.65 more than doubling consensus at $0.68 driven by a beat across the top & bottom line.

• Macy's Inc: Cowen and Company raises target price to $45 from $37, citing the company’s all-around strong Q3 results, FY 2021 guidance raise, and management's commentary around assessing its long-term strategy to further unlock shareholder value as it relates to its e-commerce business.

• Teladoc Health Inc: SVB Leerink cuts target price to $193 from $205, as the company’s long-term guidance came in light during its annual investor day.

• Workday Inc: Piper Sandler raises target price to $360 from $295, citing the company’s second straight quarter of accelerating subscription growth that topped 21% in Q3 coupled with 2022 preliminary outlook calling for a return to 20% subscription growth.​


ECONOMIC EVENTS
No major events are scheduled.


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 CureVac NV: Q3 earnings conference call
0900 Foot Locker Inc: Q3 earnings conference call
0900 Post Holdings Inc: Q4 earnings conference call
0900 UGI Corp: Q4 earnings conference call
1100 Lumentum Holdings Inc: Annual Shareholders Meeting
1100 Sysco Corp: Annual Shareholders Meeting
1400 Donaldson Company Inc: Annual Shareholders Meeting


EX-DIVIDENDS
Blue Owl Capital Inc: Amount $0.09
NortonLifeLock Inc: Amount $0.12
Organon & Co: Amount $0.28
Primerica Inc: Amount $0.47
Ryder System Inc: Amount $0.58
Timken Co: Amount $0.30
Tractor Supply Co: Amount $0.52
United Parcel Service Inc: Amount $1.02

Goedemorgen,

Weer een sessie met de nodige divergentie en dan vooral op Wall Street waar de indices met de grote tech bedrijven het goed deden, andere sectoren blijven de afgelopen dagen achter. Zo zien we records bij de Nasdaq, de Nasdaq 100, de S&P 500 en de SOX index. De Dow Jones en de Dow Transport sluiten met wat verlies. In Europa geen nieuwe records na een sterke reeks met records de afgelopen dagen. We zien nog altijd de nodige volatiliteit op de markten, een rustig moment krijgen we amper.

Update vrijdag 19 november:
Geen nieuwe records deze keer in Europa, zowel de AEX, de DAX en de CAC 40 sluiten wat lager, de zorgen om de inflatie nemen wat toe maar het wil nog niet zeggen dat de top er al staat. Daarvoor zal alles gelijktijdig met een correctie moeten beginnen, dat is nu nog niet het geval aangezien we nog divergentie zien. De AEX blijft wel boven de 820 punten, de DAX blijft sterk liggen boven het uitbraak niveau. Wel zien we dat veel indices hun weerstand aantikken en mogelijk met een correctie kunnen starten die enkele dagen kan aanhouden.

Wall Street sluit ook donderdag verdeeld, de Nasdaq en vooral de Nasdaq 100 sluiten op recordhoogte, de SOX index zet ook een nieuw record neer. De S&P 500 waar de winst op 0,3% uitkomt zet ook een nieuw record neer op slotbasis, dat staat nu op 4704,5 punten. De Nasdaq won 0,5% om net onder de 16.000 punten te sluiten (15.994).

De Dow Jones zit in een mindere fase, de index moest opnieuw 0,2% inleveren met een slot op 35.871 punten, de Dow zet zo een lagere bodem neer en lijkt af te zakken naar het doel dat rond de 35.600-35.630 punten wacht, de oude topzone.

Beleggers blijven bezorgd over de hoge inflatie, maar het sterke kwartaal cijferseizoen en gunstige economische data bieden houvast. Daarnaast zijn er weinig alternatieven voor aandelen en hopen de markten dat consumenten het economisch herstel blijven ondersteunen.

Beleggers kijken nog altijd naar de inflatie, een belangrijk feit was dat zowel de VS als China naar mogelijkheden aan het kijken zijn om hun strategische oliereserves in te zetten om aan de vraag te kunnen voldoen en om zo de prijs te drukken. Dat zou gunstig kunnen zijn voor de hoge inflatie.

Wat betreft het handelen blijf ik voorzichtig, er hangt wat in de lucht maar het juiste momentum vinden blijft lastig, ik heb al voorzichtig wat kleine posities opgenomen. U kunt meedoen door lid te worden via het nieuwe proefabonnement dat loopt tot 1 februari.

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

Marktoverzicht:
De indices op Wall Street sluiten verdeeld maar vooral de tech indices kwamen sterk voor de dag met records voor de Nasdaq en de SOX index. Ook de S&P 500 zet op slotbasis een nieuwe all time high neer. De Dow Jones verloor opnieuw, de index ziet er duidelijk minder goed uit dan de rest.

In Europa wat winstnemingen, zowel de AEX als de DAX sluiten wat lager en geraken niet boven de redelijk zware weerstand.

Dow Jones:
De Dow Jones blijft zwak momenteel, de index geraakt moeilijk op gang en we zien op de grafiek dat de Dow weer rond de bodem van vorige week uitkomt. Geen goed teken en het lijkt erop dat de Dow de oude steunzone wil opzoeken, dat is de oude top rond de 35.630 punten. Eerst nog steun rond de 35.750 steun om later uit te komen bij die 35.630 punten waar de oude top uitkomt. We houden in eerste instantie deze belangrijke niveaus in de gaten, daarna kijken we verder 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.

AEX index:
De AEX moest wat inleveren maar op zich blijft de index dicht bij de lijn over de toppen hangen waar we de afgelopen weken toch de nodige weerstand zien. Of het tot een uitbraak zal komen moeten we afwachten want vanaf deze lijn kan de AEX wat inleveren, in ieder geval winstnemingen. Weerstand nu eerst de 830 punten, daarboven de 835 en de 840 punten als richtpunten.

Steun zien we nu eerst rond de 820-821 punten met daar snel onder de 812-814 punten. Later steun rond de 808-810 punten en de oude topzone tussen de 800-803 punten waar wat mij betreft een meer duidelijke en sterke steun wacht.

DAX index:
De DAX moet wat inleveren na het aantikken van de weerstand, de DAX blijft voorlopig sterk liggen na de uitbraak. Rond de 16.285-16.300 punten wacht deze toch zware weerstand ofwel de lijn over de toppen, mocht de index daar ook boven geraken dan zien we weerstand rond de 16.500 punten. Vanaf nu wel opletten voor winstnemingen.

Steun nu eerst de 16.000-16.050 punten met snel daaronder de bekende 15.810 punten. Later zien we steun rond de 15.600 en de 15.500 punten. De volgende steun zien we rond de 15.320 punten waar nu het 200-daags gemiddelde uitkomt.

Nasdaq Composite:
De Nasdaq test opnieuw de topzone die net boven de 16.000 punten uitkomt, de index geraakt tot die 16.000 punten en sluit met een record. Weerstand blijft voorlopig de topzone 16.025-16.050 punten, wat hoger zien we de lijn over de toppen die nu rond de 16.250-16.275 punten uitkomt als volgende weerstand. Krijgen we dan toch een dubbele top of geraakt de index nog een keer tot de lijn over de toppen om vanaf daar te draaien?

Als we het samenvatten dan zien we de eerste weerstand rond de topzone 16.025-16.050 punten met later de lijn over de toppen rond de 16.250 punten. Verder als er een extreem omhoog komt dan moeten we letten op de 16.500 punten als mogelijk doel. Steun nu eerst de 15.750 punten met daaronder 15.525 punten. Door de volatiliteit kan het in beide richtingen heel snel gaan, ook moeten we alert blijven voor sector rotaties momenteel.

Overzicht resultaat november en dit jaar (2021):
Vorige week werd de winst genomen op enkele short posities en ik heb wat kleine posities opgenomen rond de topzone. Het handelen verloopt nog altijd prima en dat is al het gehele jaar zo want via de overzichten hieronder ziet u dat we er wat betreft 2021 goed voorstaan. We hebben nog enkele weken te gaan dit jaar en er komen zeker nog genoeg kansen zoals ik de markt nu inschat. Ik zoek in ieder geval voorzichtig naar nieuwe mogelijkheden.

Om mee te doen kan dat via het nieuwe proefabonnement tot 1 FEBRUARI 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