● Expected, what Federal Reserve System USA (FED) on Wednesday will raise interest rates by 0,25 percentage point to 1-1,25%
● The Fed on Wednesday may reveal a plan to reduce assets on its balance sheet. Therefore, investors are interested in, how it can affect the financial market. Most analysts believe, что эффект будет небольшим
● Business Amazon for granting loans to small businesses, its service called “Amazon Lending” Disbursement of cash loans from Amazon”, which was launched in 2011 year, at the current time, has already issued loans to small businesses in America for more than 3 billion dollars. USA. And Amazon reportedly plans to expand its small business lending service even further in the US., The UK and Japan, and thus directly challenges the largest banks, which have historically dominated this market area.
In the past year alone, this e-commerce giant has provided small businesses with over 1 billion dollars. USA in the form of loans. And the recent surge in third-party sales in this sector is a good sign for Amazon., since the company also receives a percentage of their sales.
● Bitcoin is losing $300 in one hour, as the price drops and jumps. Bitcoin price, maybe, exceeded the mark for the first time $3000, but that doesn't mean, that the volatility of this digital asset is left behind.
● In the first five months of this year, central banks bought assets worth $1.5 trillion. Among these assets are shares, bonds and real estate. If we talk only about the USA, then the total assets on the central bank balance sheet here – $15.1 trillion. For comparison, before the crisis 2008 year, this amount was only $3.5 trillion.
● US shale producers vulnerable to falling prices. Cash-strapped US shale producers cut their hedging programs in Q1, which made them more vulnerable to a drop in market oil prices immediately after, how OPEC reached a landmark deal to cut production, writes Reuters.
● More 190 Democratic lawmakers sue US President Donald Trump, accusing him of, that he received funds from foreign governments through his companies without congressional approval, in violation of the United States Constitution, writes Reuters.
● Apple released “green bonds” by the amount $1 billion to finance renewable energy after Trump's decision to withdraw the United States from the Paris climate agreement, reports Reuters.
● The overwhelming majority of fund managers consider, what stock market USA is overheated, and actively withdraw their funds from risky assets. This is evidenced by the results of a survey of managers, conducted by Bank of America Merrill Lynch employees.
If earlier opinions about, that stocks in the world's stock markets are overvalued, only adhered to 37% interviewed, now their share has grown to 44% – a record high for the entire period of such research by Bank of America.
If earlier opinions about, that stocks in the world's stock markets are overvalued, only adhered to 37% interviewed, now their share has grown to 44% – a record high for the entire period of such research by Bank of America.
● Глава Uber ушел в отпуск на неопределенный срок
● Target (NYSE: TGT) announced a quarterly dividend 62 cents per share. It's higher on 3,3% prior dividend 60 Cents.
● Goldman Sachs analyst Toshiya Hari raised the target price for NVIDIA shares (NASDAQ: NVDA) to $171 from $165, confirming the recommendation at the level “actively buy”.
● Stifel downgrades recommendation for Hawaiian Holdings (NASDAQ: HA) from level “Keep” to “sell” and target price up to $40 from $60.
● JPMorgan upgrades its rating on Fibria Celulose SA (NYSE: FBR) from neutral to “above the market” with target price $13.
● Barclays downgrades Anadarko Petroleum shares (NYSE: APC) from neutral to “below the market”, and the target price is up to $42 from $52.
● Stifel downgrades recommendation for Hawaiian Holdings (NASDAQ: HA) from level “Keep” to “sell” and target price up to $40 from $60.
● JPMorgan upgrades its rating on Fibria Celulose SA (NYSE: FBR) from neutral to “above the market” with target price $13.
● Barclays downgrades Anadarko Petroleum shares (NYSE: APC) from neutral to “below the market”, and the target price is up to $42 from $52.
● Swedish engineering company Hexagon is up by 12% Wednesday morning after the news of, what can it be sold for $20 billion to a European or American competitor
● Oil on Wednesday morning fell slightly after, how the IEA reported an increase in its stocks in April
● Due to the difficult situation on the oil market, French Total decided to engage in the power industry as well.. She invests in generation, хранение и дистрибуцию электроэнергии
● The Fed, under pressure from banks and some American officials, began to think about easing the rule, which, according to them, makes participation in swap transactions economically impractical for banks
● BlackBerry, together with British startup VoxSmart, will help banks keep track of, what their traders write in chats in WhatsApp and other messengers. Their technology allows traders' messages to be recorded before, how they become encrypted
● Using its cloud platform, IBM will help BMW collect vehicle data to provide various services to car owners
● BlackBerry, together with British startup VoxSmart, will help banks keep track of, what their traders write in chats in WhatsApp and other messengers. Their technology allows traders' messages to be recorded before, how they become encrypted
● Using its cloud platform, IBM will help BMW collect vehicle data to provide various services to car owners
● Verizon completed the acquisition of Yahoo's Internet business in $4,5 billion and will combine it with AOL, to create a new Oath division, online advertising
● The European Commission has launched antitrust investigations against Nike, Universal Studios and Sanrio in connection with their product licensing and distribution practices
● Neiman Marcus luxury department store chain has given up trying to sell itself and will remain an independent company
Gapping down
реакция на earnings/guidance:
- BPMX -7.7%, TAX -5%, LEJU -2.1%
Other news:
- ALDX -25.5% (light volume; to host a conference call and webcast on Wednesday, June 14, 2017 at 8:00 A.M. EDT to discuss results from its Phase 2b Allergic Conjunctivitis Trial)
- SQNS -5.7% (to offer newly issued American Depositary Shares, representing ordinary shares, in an underwritten public offering)
- WLL -2.8% (pullback after the close near the highs)
- MRO -2% (данные API и IEA отчет)
- SNCR -1.9% (light volume; independent registered public accounting firm concluded that previously issued financial statements for 2015/2016 fiscal years and the respective quarterly periods should be restated and should no longer be relied upon)
- KMDA -1.9% (slightly pulling back following recent strength in stock)
- BIIB -1.5% (CFO Paul Clancy to depart)
Analyst Comments:
- HA -3.7% (downgraded to Sell at Stifel)
- FIVE -0.8% (downgraded to Sector Weight from Overweight at KeyBanc Capital Mkts)
- SBUX -0.8% (downgraded to Neutral from Outperform at Wedbush)
- APC -0.5% (downgraded to Underweight from Equal Weight at Barclays)
Gapping up
In reaction to strong earnings/guidance:
- HRB +10.2%, BTI +0.8%, CPST +0.7%, CCE +0.7%, (reaffirmed outlook)
- BKD +11.2% (Zhonghong Zhuoye Group is getting closer to deal to acquire BKD, according to FT)
Other news:
- MBOT +12.8% (granted US patent, which covers the device to prevent shunt stenosis)
- SOL +7.9% (received a prelim proposal from Chairman and CEO Xianshou Li to acquire the co’s manufacturing and LED distribution businesses and assume related indebtedness)
- ABIL +7.9% (stock continues to be volatile in pre-mkt activity)
- MVIS +7.1% (Microvision stops trading with IFS Securities)
- ALXN +4.5% confirms, that he was appointed BIIB CFO Paul Clancy as CFO 31 July)
- BTX +3.8% (reports that, based on the analysis of top line data, the Renevia pivotal trial in Europe has met its primary endpoint)
- BLFS +3.5% (enters into a a supply agreement w/ Adaptimmune Therapeutics (ADAP))
- GNMK +2.2% (prices 6,382,978 shares of its common stock at $11.75 per share)
- EMR +0.9% (nice comment from Mad Money)
- TSLA +0.9% (continued strength)
- WDC +0.9% (continued strength)
Analyst Comments:
- NDRM +4.4% (upgraded to Outperform from Perform at Oppenheimer)
- QSR +1.1% (upgraded to Outperform from Perform at Oppenheimer)
- NVDA +0.7% (target raised to $171 from $165 at Goldman)
- MU +0.5% (Credit Suisse sees upside for May and August quarters)
