● India wants to attract 300 billions of dollars of investment over the next 10 years, to meet the growing demand for petroleum products and fuel.
● The global cryptocurrency market continues to gain momentum, becoming almost the most “hot” investment idea 2017 of the year. The bitcoin rate has grown in 25 thousand times in 7 years, etherium has risen in price by more than 2800% behind 5 Months.
● Separate projects have been launched in Russia to test the national cryptocurrency. The Minister of Industry and Trade Denis Manturov told about this in an interview with Izvestia..
● Chinese company ofo from Beijing, bike sharing, attracted more 700 million dollar Series E funding round.
● This round was led by Alibaba Group, Hony Capital и CITIC Private Equity, featuring current investors DST Global and Didi Chuxing.
● This round was led by Alibaba Group, Hony Capital и CITIC Private Equity, featuring current investors DST Global and Didi Chuxing.
● OPEC oil production increased in June
● Глава Национального экономического совета, ex-president of Goldman Sachs Gary Cohn may head the US Federal Reserve.
● Japanese Foreign Minister Fumio Kishida wants to leave office due to cabinet reshuffle Shinzo Abe next month, Japanese media reported.
● The time of negative interest rates is coming to an end. Central Banks Give Market Signals to Roll Back Their Unprecedented Incentives, against this background, bond yields are skyrocketing.
● In a speech at the Paris Europlace Forum, JP Morgan Chairman and CEO Jamie Dimon stated that, that the termination of quantitative easing programs (QE, quantitative easing) from the side FED may have “more destructive influence, than many believe”.
● This year, startups have attracted more than $1 billion, which is ten times more, than for the whole 2016 G., reports The Wall Street Journal, citing data from cryptoasset research firm Smith & Crown.
● Square Inc shares. (SQ) closed at an all-time high on Tuesday after, as an analyst at Loop Capital Markets suggested, что PayPal Holdings Inc. should buy the company.
● Japanese Foreign Minister Fumio Kishida wants to leave office due to cabinet reshuffle Shinzo Abe next month, Japanese media reported.
● The time of negative interest rates is coming to an end. Central Banks Give Market Signals to Roll Back Their Unprecedented Incentives, against this background, bond yields are skyrocketing.
● In a speech at the Paris Europlace Forum, JP Morgan Chairman and CEO Jamie Dimon stated that, that the termination of quantitative easing programs (QE, quantitative easing) from the side FED may have “more destructive influence, than many believe”.
● This year, startups have attracted more than $1 billion, which is ten times more, than for the whole 2016 G., reports The Wall Street Journal, citing data from cryptoasset research firm Smith & Crown.
● Square Inc shares. (SQ) closed at an all-time high on Tuesday after, as an analyst at Loop Capital Markets suggested, что PayPal Holdings Inc. should buy the company.
● Tesla Inc. (TSLA) on Tuesday scheduled the release of the second quarter earnings report after the close of the market on Wednesday 2 august.
● Emails Released by Donald Trump Jr., that he wanted to get information from Russia about Hillary Clinton, which would have helped his father win the presidential election
● USA and Qatar signed an agreement to combat the financing of terrorism. But the gulf states say, that this is not enough to end the blockade of Qatar
● Chairman of the United States Federal Reserve (FED) Janet Yellen to Speak to Congressmen on Wednesday on Central Bank's Plans to Raise Interest Rates and Reduce Balance Sheets
● Tesla plans to triple electric vehicle repair capacity with more affordable Model 3. She will open 100 new service centers and will hire 1400 механиков
● Warren Buffett doesn't like to raise his offers. But now hedge fund Elliott Management wants to disrupt his plans., who is about to outbid Berkshire Hathaway's offer to buy Energy Future Holdings and its Oncor power business
● In the US, banks keep interest rates on deposits low, despite the fact that the Fed raises interest rates. Until their clients resent it
● Apple will open its first data center in China. This reflects concessions, to which foreign companies should go, to be present in the local market
● Twitter appoints Ned Segal as its new CFO. He previously worked at Goldman Sachs with Anthony Noto, who now combines the positions of financial and operational director of the company
● Facebook starts showing ads on Messenger, to accelerate revenue growth
● Chinese startup SenseTime, face recognition systems, attracted $410 million from venture capitalists and is now estimated at more than $1,5 billion. This highlights the interest in this technology.
● Major internet companies prepare to stage online protests on Wednesday against Republicans' plans to lift net neutrality rules, принятые при Бараке Обаме
● Novartis recently discovered, that her medicine Ilaris can be used for more than just treating rare diseases. The only problem is, what is his dose worth $16 000. If regulators approve of its use for more common ailments, the company will have to significantly reduce the price
● Royal Dutch Shell PLC sold its stake in the disputed Irish gas field for $1,23 billion, one of Canada's largest pension funds in the agreement, which will result in an accounting loss of about $750 million.
● ABM (NYSE:ABM) buys rival private company GCA Services for $1,25 billion in cash and stock. GCA is currently owned by Goldman Sachs and Thomas H investment fund. Lee Partners.
● American Airlines (NASDAQ: AAL) said Wednesday it was growing in June by 0,8% passenger traffic (RPM) on airline flights up to 21,0 billion passenger miles compared to the same month last year.
United Airlines (NYSE: UAL) said Wednesday it was growing in June by 3,4% passenger consolidated traffic on airline flights.
Way down
Earnings / guidance response:
- IPCI -1.4%
Other news
- shock -32.2% (receives Complete Response Letter from FDA for DEXTENZA NDA; company believes that DEXTENZA can be approved open manufacturing items are resolved), ALDR -10.7% (commences 12.5 mln share common stock offering)
- KIN -2.5% (proposed public offering of its common stock)
- DEATH -2.3% (Chico’s will replace Stein Mart in the S&P SmallCap 600)
- ARNA -1.7% (to offer and sell $150.0 million of shares of its common stock in an underwritten public offering)
- DLR -1.4% (commenced an offering of two series of pounds sterling-denominated Guaranteed Notes due 2024 and 2029)
Analyst Comments:
- MON -0.5% (downgraded to Hold from Buy at Jefferies)
- FCX -0.8% (downgraded to Sell from Hold at Berenberg)
- HOG -2% (Goldman out cautious following checks, indicating softer Q2; also downgraded to Mkt Perform from Outperform at Bernstein)
Up
Earnings / guidance response:
- COHU +9.8%, (raises Q2 revenue guidance), FAST +7.8%, HCSG +3.9%, (also declared quarterly cash dividend of $0.18875/share, up from prior $0.1875/share ), AAL +3.5%, (raises Q2 unit rev and pre-tax margin guidance), AIR +1.6%, OZRK+1.5%, .
- IDSY +3.4% (to acquire substantially all of the assets of electronics manufacturer/marketer Keytroller; proposes underwritten public offering)
- LOGI +1.6% (to acquire console gaming brand ASTRO Gaming for $85 million in cash)
- ABM +0.8% (to acquire GCA Services Group), .
Select oil/gas related names showing strength:
- SND +5.3%, NFX +3.4%, CLR +2.5%, WLL +2.4%, SLCA +1.9%, HCLP +1.6%, CHK+1.5%, SM +1.4%, SN +1.1%, WHAT +1%, DVN +0.9%
Other news
- NTP +22.6% (confirms share purchase agreement to sell 6,504,355 shares of the Company held by the co’s Chairman M.K. Koo and his wife at $17.00/share to the Kaisa Group)
- TROV +16% (announces Novogene will purhcase NextCollect for validation in the Chinese market)
- NAK +15.1% (EPA has begun process to withdraw Proposed Determination that would have restricted development of Pebble Project in southwest Alaska)
- METHOD +14.6% (announces summary results from its Phase 1 safety and pharmacokinetic trial of Oral CR845)
- CRNT +9.5% (received in Q2 orders totaling more than $9 mln for its IP-20 Platform)
- NRG +9.1% (to hold call tomorrow July 12 at 8:30am ET to provide the results of its business review and detailed plan to transform the company)
- DRRX +6.3% (upgraded to Buy from Hold at Stifel)
- BDSI +5.7% (BioDelivery Sciences and Purdue Pharma (Canada) announce that they have signed an exclusive agreement for the licensing, distribution, marketing and sale of BELBUCA)
- PYPL +3.2% (now available on Apple (AAPL) App Store, Apple Music, iTunes & more)
- QUARTER +2.7% (extending today’s rebound — down approx 40% month-to-date)
- CLNT +1.8% (launched global bike sharing app service that joins local sharing bike operators in Hong Kong)
- VBIV +1.6% (announces plans for Ph 3 clinical program for Sci-B-Vac following positive discussions with the FDA, EMA and Health Canada)
Analyst Comments:
- NVDA +0% (upgraded to Buy from Hold at SunTrust)
Stock Scanner
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AAOI WHITE WDC ASML HSNI INCY TQQQ NOW SWKS KLAC SHOP PTLA ADSK BABA RACE ADBE AMAT XLNX WUBA MOMO DLPH VRTX WDAY TTWO SMH ADI CC EXAS MA LITE |
WBMD KORS TROW ADP DWT FMC SCO ALK CTXS UAL LUV STT PAYX MSM KMB AAL JDST MEMORY PM HLS AAP HSY ZBH ALL CLVS CCI LEN C CB GPC |
AAP LB GPC BURL BBY TSCO SLCA EXR PDCO FIVE TSN SENSE DLR SJM DIS WBMD SIG K WSM DKS TPX CVX RH VNQ RL VTR DLTR KORS CVS TJX |
