Liveblog Archief woensdag 29 september 2021

TOP NEWS
• Clock ticking for U.S. Congress as Friday government shutdown looms
The U.S. Congress had just two days left before the federal government begins shutting many of its operations unless Democrats manage to pass a bill providing new funding for the fiscal year that begins on Friday.

• Boeing 737 MAX test flight for China's regulator a success - exec
Boeing's 737 MAX test flight for China's aviation regulator last month was successful and the planemaker hopes a two-year grounding will be lifted this year, the head of Boeing's China business said.

• CNN denies Australians access to its Facebook pages, cites defamation risk
CNN said it is preventing Australians from accessing its Facebook pages after a court ruled that publishers can be liable for defamation in public comment sections and the social media firm refused to help it disable comments in the country.

• Lucid to start deliveries of electric cars with range exceeding Tesla's in October
Lucid said on Tuesday it will start delivering luxury electric sedans with a Tesla-beating driving range in late October, posing a major challenge to the market leader whose sales of premium models have stagnated.

• Evergrande, facing coupon payment deadline, sells bank stake to repay loan
Cash-strapped China Evergrande Group left its offshore bondholders guessing whether it would pay interest on a bond coupon due Wednesday despite agreeing to settle debt with a Chinese bank in a $1.5 billion stake divestment deal.


BEFORE THE BELL
U.S. stock index futures gained as technology shares rebounded, following one of Wall Street’s worst sell-off of the year in the previous session driven by rising Treasury yields. European stocks were up. Asian equities ended lower on worries about China’s economic growth. The dollar index was little changed amid arguments over the U.S. debt ceiling that threatened to plunge the government into a shutdown. Oil prices dropped after U.S. crude inventories unexpectedly rose. Gold was in the positive territory.


STOCKS TO WATCH

Results
• Micron Technology Inc: The company forecast current-quarter revenue below analysts' expectations and warned that shipments for its memory chips were set to dip in the near term as its customers making personal computers face shortages of other parts. Micron, one of the world's biggest memory chip suppliers, said it expects shipments of both chips to sequentially decline in the near term. "Some PC customers are adjusting their memory and storage purchases due to shortages of non-memory components that are needed to complete PC bills," Chief Executive Officer Sanjay Mehrotra told analysts. Micron forecast current-quarter revenue of $7.65 billion, plus or minus $200 million, while analysts on average expected $8.57 billion.

Deals Of The Day
Akamai Technologies Inc: The company will acquire Israel-based Guardicore for about $600 million, it said, to beef up its cloud security offerings and help businesses combat ransomware attacks. The acquisition comes at a time when more businesses are turning to the cloud to run their operations and face frequent cyberattacks. Guardicore specializes in software that helps to limit user access to only those applications that are authorized to communicate with each other. "Given the recent surge in ransomware attacks and increasingly stringent compliance regulations, investing in technologies to reduce the spread of malware has become mission critical," said Tom Leighton, chief executive officer and co-founder of Akamai.

In Other News
• AbbVie Inc: The company said on Tuesday the U.S. health regulator approved its once-daily oral medicine for preventive treatment of migraine in adults, adding a third drug to the drugmaker's arsenal of therapies for severe headaches. The drug, Qulipta, which AbbVie will launch in early October, will enter a crowded market for migraine prevention drugs such as Eli Lilly's Emgality, Amgen's Aimovig and Biohaven's Nurtec ODT.

• Alphabet Inc: Russia threatened to block YouTube after Russian state-backed broadcaster RT's German-language channels were deleted a day earlier and said it was weighing possible retaliation against the German media. YouTube said on Tuesday that RT's channels had breached its COVID misinformation policy, a move Russia's Foreign Ministry described as "unprecedented information aggression" in a statement late on Wednesday. The ministry said Russian authorities had been approached with "a proposal to develop and take retaliatory measures against the YouTube hosting service and the German media."

• Amazon.com Inc & Microsoft Corp: The company said on Tuesday it will allow Epic Games, Amazon.com and other firms to integrate their app stores into the technology giant's marketplace, giving more options to third-party developers. The Redmond, Washington-based company also said it would not take a cut from app developers' revenue, when the apps manage their own in-app payment systems. "Microsoft is again leading the industry forward with Windows, now an open platform with an open store," Epic Games Chief Executive Officer Tim Sweeney tweeted. Qulipta belongs to a class of drugs called calcitonin gene-related peptide (CGRP) receptor antagonists, also called "gepants", which act by blocking a pathway that seemingly plays a role in migraine activation.

• AstraZeneca PLC: The company will take full control of Caelum Biosciences in a deal worth up to $500 million, the drugmaker said, sharpening its focus on rare-disease drugs following its purchase of Alexion Pharmaceuticals. The deal gives AstraZeneca access to another potentially lucrative rare disease drug that is undergoing late-stage trials and has a "fast track" status for regulatory review in the United States. New Jersey-based Caelum will become part of AstraZeneca's Alexion division, the rare diseases specialist it bought for $39 billion earlier this year. Alexion will pay $150 million to buy the remaining stake it does not already own in Caelum and make future payments of up to $350 million, depending on milestones achieved. Alexion took a minority stake in Caelum in 2019.

• AT&T Inc & Facebook Inc: CNN said it is preventing Australians from accessing its Facebook pages after a court ruled that publishers can be liable for defamation in public comment sections and the social media firm refused to help it disable comments in the country. The move makes CNN, which is owned by AT&T, the first major news organisation to pull its Facebook presence in Australia since the country's highest court ruled this month that publishers were legally responsible for comments posted below articles - even if the articles themselves were not defamatory.

• Boeing Inc: Boeing's 737 MAX test flight for China's aviation regulator last month was successful and the planemaker hopes a two-year grounding will be lifted this year, the head of Boeing's China business said. "It went off without a hitch," Boeing China President Sherry Carbary said of the test flight, speaking on the sidelines of Airshow China, the country's biggest air show.

• Lucid Group Inc: U.S. startup Lucid said on Tuesday it will start delivering luxury electric sedans with a Tesla-beating driving range in late October, posing a major challenge to the market leader whose sales of premium models have stagnated. The California-based Lucid began production of its long-delayed Lucid Air cars at its Arizona factory on Tuesday, and said it aims to ramp plant's capacity up to 90,000 vehicles per annum in the next two years. The top-end Lucid Air Dream Edition will be available in late October, followed by less expensive models: Grand Touring, Touring and Air Pure. The company is on track to meet its production targets for 2022 and 2023 and is pushing to achieve this year's goal of 577 vehicles, its chief executive said.

• Moderna Inc: The U.S. Food and Drug Administration (FDA) is leaning toward authorizing half-dose booster shots of the Moderna COVID-19 vaccine, Bloomberg News reported on Tuesday, citing people familiar with the matter. The FDA had been seeking information about the effectiveness of a full third dose of the Moderna vaccine, but is now ready to move forward and consider the half-dose booster Moderna has proposed, the report said. Moderna on Sept. 1 submitted its application to the U.S. Food and Drug Administration seeking authorization for a booster shot.

• Netflix Inc: The company has bought video game creator Night School Studio and rolled out five mobile gaming titles in select European markets, the company said on Tuesday, as it looks to diversify revenue sources amid intensifying competition in the streaming space. Night School Studio, the company's first gaming studio purchase, is best known for its debut game, "Oxenfree", a supernatural teen thriller with an eerie soundtrack. "Like our shows and films, these games will all be included as part of your Netflix membership — all with no ads and no in-app purchases," the company said.

• Tesla Inc: Tesla Chief Executive Elon Musk said on Tuesday U.S. President Joe Biden's administration was not the friendliest and its electric vehicle policy appeared to be controlled by labor unions. Speaking at a tech conference in California, Musk was critical of a White House summit on electric vehicles in August to which automakers other than Tesla were invited. "(They) didn't mention Tesla once and praised GM and Ford for leading the EV revolution. Does that sound maybe a little biased?," Musk said during a panel discussion at the Code Conference in Beverly Hills. "Not the friendliest administration, seems to be controlled by unions," he added.

• Wells Fargo & Co: The bank on Tuesday delayed its return-to-office plans for the second time this month, saying it will now start bringing back employees in January next year, according to a memo seen by Reuters. The bank said its operations and contact center employees will start returning to office over several weeks beginning Jan. 10. They will be followed by employees in business support and enterprise functions, who will return during the first quarter next year.

• United Airlines Holding Inc: The airline said on Tuesday nearly 600 U.S.-based employees faced termination after failing to comply with the carrier's vaccination policy. The carrier said it would start on Tuesday the process of firing 593 employees who decided not to get vaccinated. "This was an incredibly difficult decision but keeping our team safe has always been our first priority," Chief Executive Scott Kirby and President Brett Hart told employees in a memo. The workers can save their jobs if they get vaccinated before their formal termination meetings, the company officials said.


ANALYSIS
Auto industry wonders whether Ford-SK battery plants will sport the union label
The plan for Ford Motor and Korean battery partner SK Innovation to build three battery plants in the United States, announced this week, will prompt a furious drive by labor leaders to organize the plants, potentially setting the tone for future union drives at auto industry factories in the U.S. South.


ANALYSTS' RECOMMENDATION
• HP Inc: JPMorgan cuts rating to neutral from overweight to reflect a more subdued moderation in PC industry volumes from the 2020/2021 record volumes.

• Micron Technology Inc: Cowen and Company cuts target price to $80 from $90, saying the company’s customers – most notably PC OEMs – have been curtailing memory orders as shortages of other components have resulted in fewer complete “kits” and higher inventory.

• Realogy Holdings Corp: Evercore ISI cuts target price to $26 from $28 after the company’s recent deleveraging announcement, wherein it repaid $435 million in outstanding borrowings under its term loan facilities using cash on hand.

• Wingstop Inc: Piper Sandler raises target price to $205 from $184 based on higher same-store sales assumptions.


ECONOMIC EVENTS (All timings in U.S. Eastern Time)
1000 Pending Homes Index for Aug : Prior 110.7
1000 Pending sales change mm for Aug : Expected 1.4%; Prior -1.8%


COMPANIES REPORTING RESULTS
Cintas Corp: Expected Q1 earnings of $2.75 per share


CORPORATE EVENTS (All timings in U.S. Eastern Time)
0830 Jabil Inc: Q4 earnings conference call
1000 Cintas Corp: Q1 earnings conference call
1100 Cimarex Energy Co: Shareholders Meeting
1100 Enerpac Tool Group Corp: Q4 earnings conference call
1100 Korn Ferry: Annual Shareholders Meeting
1100 State Auto Financial Corp: Shareholders Meeting
1430 Worthington Industries Inc: Q1 earnings conference call
1530 Worthington Industries Inc: Annual Shareholders Meeting
1730 Herman Miller Inc: Q1 earnings conference call​


EX-DIVIDENDS
AGNC Investment Corp: Amount $0.12
Agree Realty Corp: Amount $0.21
Alexandria Real Estate Equities Inc: Amount $1.12
Amdocs Ltd: Amount $0.36
Ameris Bancorp: Amount $0.15
Annaly Capital Management Inc: Amount $0.22
Apollo Commercial Real Estate Finance Inc: Amount $0.35
B&G Foods Inc: Amount $0.47
Bain Capital Specialty Finance Inc: Amount $0.34
BancFirst Corp: Amount $0.36
Benchmark Electronics Inc: Amount $0.16
Boston Properties Inc: Amount $0.98
Brightspire Capital Inc: Amount $0.16
Broadmark Realty Capital Inc: Amount $0.07
Broadstone Net Lease Inc: Amount $0.25
Centerspace: Amount $0.72
Chimera Investment Corp: Amount $0.33
CoreSite Realty Corp: Amount $1.27
Curtiss-Wright Corp: Amount $0.18
Danaher Corp: Amount $0.21
Deere & Co: Amount $1.05
Dillard's Inc: Amount $0.20
Douglas Emmett Inc: Amount $0.28
Eastgroup Properties Inc: Amount $0.90
Edison International: Amount $0.66
Ensign Group Inc: Amount $0.05
EPR Properties: Amount $0.25
Fifth Third Bancorp: Amount $0.30
First Bancorp (North Carolina): Amount $0.20
FMC Corp: Amount $0.48
Franklin Resources Inc: Amount $0.28
Goldman Sachs BDC Inc: Amount $0.45
Granite Construction Inc: Amount $0.13
Humana Inc: Amount $0.70
Illinois Tool Works Inc: Amount $1.22
Innovative Industrial Properties Inc: Amount $1.50
Kennedy-Wilson Holdings Inc: Amount $0.22
Kilroy Realty Corp: Amount $0.52
Ladder Capital Corp: Amount $0.20
Lennox International Inc: Amount $0.92
Lincoln Electric Holdings Inc: Amount $0.51
MFA Financial Inc: Amount $0.10
MGM Growth Properties LLC: Amount $0.52
Mondelez International Inc: Amount $0.35
Monolithic Power Systems Inc: Amount $0.60
National Fuel Gas Co: Amount $0.45
National Health Investors Inc: Amount $0.90
National Research Corp: Amount $0.12
Nucor Corp: Amount $0.40
Owl Rock Capital Corp: Amount $0.31
Paramount Group Inc: Amount $0.07
Pioneer Natural Resources Co: Amount $0.56
Primoris Services Corp: Amount $0.06
Ready Capital Corp: Amount $0.42
REV Group Inc: Amount $0.05
Rexford Industrial Realty Inc: Amount $0.24
Safehold Inc: Amount $0.17
SL Green Realty Corp: Amount $0.30
Spirit Realty Capital Inc: Amount $0.63
SPX FLOW Inc: Amount $0.09
STAG Industrial Inc: Amount $0.12
Steel Dynamics Inc: Amount $0.26
STORE Capital Corp: Amount $0.38
Stryker Corp: Amount $0.63
Sun Communities Inc: Amount $0.83
Towne Bank: Amount $0.20
US Bancorp: Amount $0.46
VEREIT Inc: Amount $0.46
WP Carey Inc: Amount $1.05
Xerox Holdings Corp: Amount $0.25
Zimmer Biomet Holdings Inc: Amount $0.24

Goedemorgen,

Een grote daling deze keer met toch wel een zeer diepe terugval van enkele sectoren waaronder vooral de technologie aandelen, de Nasdaq verloor ruim 400 punten en we moeten heel ver terug op de grafiek om nog een keer zo'n streep omlaag te zien. De AEX duikt onder de 782 punten steun, de Dow Jones verloor 1,6%. Ook de DAX sluit onder 2 belangrijke steunpunten, de 15.500 en de 15.300 punten waardoor mogelijk de weg open ligt richting de 15.000 punten steun ofwel de bodem van vorige week.

Update woensdag 29 september:
Opvallend was de terugval van de indices wel na de zeer positieve dagen na de FED van vorige week, de indices die er nog sterk bijlagen zoals de AEX en de SOX index verloren behoorlijk maar de grootste daling zien we bij de Nasdaq en de Nasdaq 100. We schrikken wel van de daling in punten maar omdat de recente rally de indexen al zo hoog zette valt het procentueel nog mee. Het is wel een tijd geleden dat we -2% of zelfs bijna -3% hebben gezien, wel kwam er na zo'n daling altijd vrij snel weer een fors herstel op gang en vraag ik me nu ook af of we niet weer hetzelfde gaan krijgen de komende dagen.

Vanmorgen zien we in ieder geval al een poging tot herstel op gang komen via de voorbeurs indicaties maar er is nog geen indicatie dat het ook zal doorzetten. Daarvoor is het nog te vroeg, de markt kan weer de rally verkopen maar zoals we vorige week hebben gezien kan het zijn dat een groot deel van de daling wordt weg gewerkt. Dat de markten volatiel blijven lijkt me duidelijk en dat zowel in een herstel beweging als ook met een daling. We moeten rustig blijven en waar het kan een momentum zien te krijgen waar we wat kunnen doen. Gisteren heb ik dan ook wat kleine long posities opgenomen om alvast te anticiperen op een korte maar krachtige opleving. Later kan ik eventueel weer draaien naar short maar ik blijf voorzichtig en hou de posities klein met een stoploss eronder.

Marktoverzicht:
Via het marktoverzicht nu een stevige streep omlaag bij alle indices, geen divergentie deze keer al zien we bij de Dow Jones een wat mildere terugval. De indices sluiten ook allemaal onder hun 50-daags gemiddelde wat een slecht signaal is voor het vervolg. Behalve de DAX en de Dow Jones komen zowel de AEX, de S&P 500, de Nasdaq en de SOX index uit rond de bodem van vorige week maandag.

Dow Jones:
De Dow Jones veegt in 1 sessie een groot deel van de winst van eind vorige week weg, de index staat nog altijd onder het 50-MA maar we zien dat de index het relatief beter doet dan de rest. De Dow Jones staat nu ergens in het midden tussen de top van maandag en de bodem van vorige week maandag.

Steun nu de 34.000 en de 33.600 punten waar de bodem van vorige week maandag uitkomt. Weerstand nu de 34.500 punten, later de 34.750 punten en de 35.000 punten waar het 50-daags gemiddelde nu uitkomt.

AEX index:
De AEX verliest fors en staat weer een heel eind onder de 800 punten waar de index maandag nog even op terecht kwam. De bodem van vorige week maandag werd meteen opgezocht en die zien we net boven de 770 punten. Dat wordt meteen de eerste belangrijke steun voor de AEX index, later komt de 760 en de 755 punten als steun in beeld.

Weerstand nu de 782 en de 790 punten met later de topzone tussen de 800,5 en de 804,5 punten.

DAX index:
De DAX moet er ook aan geloven en duikt zo meteen onder de 15.500 punten en daarna onder de volgende steun rond de 15.300 punten. De volgende steun wordt nu de bodem van vorige week maandag en die komt uit rond de 15.000 punten. Een slechte dag voor de DAX en meteen werden er 2 belangrijke steunpunten doorbroken.

Weerstand nu eerst de 15.300 punten, later de bekende zone 15.500-15.550 punten en de 15.700 punten waar we nu het 50-daags gemiddelde zien uitkomen. Verder nog de 15.810 en de topzone rond de 16.000 punten.

Nasdaq Composite:
De Nasdaq zet een stevige rode streep neer op de grafiek, we zien een daling onder de steunlijn onder de recente bodems en het lijkt erop dat de Nasdaq richting de 14.210 punten wil waar we de oude toppen van voor de uitbraak in juni zien uitkomen. Zo ver is het nog niet want de volatiliteit kan bij positieve sessies ook enorm uitpakken zodat er een grote herstel sessie tussen kan zitten. Dat kan zelfs 2 tot 3 sessies worden net zoals wat we vorige week hebben gezien.

Steun nu de bodem van vorige week die rond de 14.525 punten wacht, als de index daaronder terecht komt dan ligt de weg open richting de 14.210 punten. Daarna zien we verder wat betreft het verloop en de volgende richtpunten. Weerstand nu eerst de lijn onder de recente bodems rond de 14.750 punten, later de 15.000 en de 15.100 punten. Let tussendoor ook op het 50-daags gemiddelde dat rond de 14.915 punten.

Overzicht resultaat 2021 blijft goed:
Er lopen wat kleine posities voor de leden nu, zodra u lid wordt kunt u nog mee met de nieuwe posities. Om mee te doen kan dat via het nieuwe proefabonnement tot 1 december en voor slechts €35. Deze maand en dit jaar staan we in ieder geval op een mooie winst en dat in een moeilijke markt. Wat ik doe is vooral tijd nemen en de rust bewaren, er komen dus weer mooie kansen aan.

Schrijf u nu in via de nieuwe aanbieding en dat is tot 1 DECEMBER voor €35. Ga meteen naar onze tradershop via de link https://www.usmarkets.nl/trade... en schrijf u in voor deze mooie aanbieding ...

Met vriendelijke groet,
Guy Boscart