LHV finantsportaal

Foorum Investeerimine

Börsipäev 29. juuli

Kommentaari jätmiseks loo konto või logi sisse

  • USA börsid avanesid küll üsna drastilise sööstuga allapoole, kuid taastusid siis sama kiiresti ning päeva teine pool osutus juba suviselt vaikseks. S&P 500 lõpetas sisuliselt ilma muutuseta, Euroopas sulgus Stoxx 600 indeks -0,2% madalamal, kui fookus langes täiendavatele sanktsioonidele, mida Euroopa on koos USAga valmis Venemaa vastu rakendama, sihtides seekord finants-, kaitse- ja energiatööstust. Venemaa börsiindeks Micex taandus -1,9% ning Saksamaa DAX kujunes eksportijate rohke osakaalu tõttu keskmisest nõrgemaks, langedes -0,5%.

    Majandusuudiseid jätkus eilsesse päeva suhteliselt vähe. USA majade pooleliolevate müügitehingute maht langes juunis -1,1% võrreldes eelneva kuuga, mil kasvuks registreeriti 6%. Aastatagusega jäävad mahud 7% madalamaks. USA teenindussektori aktiivsus püsis juulis üsna kõrgel tasemel (61,0 punkt) ning ületas sellega analüütikute ootust (59,5 punkti), kuid detailid polnud kõige julgustavamad, sest uute tellimuste indeks alanes 3,2 punkti 60,8 punkti peale ja tööhõive indeks -3,3 punkti 52,8 punktile.

    Tänased makrouudised jäävad teisejärguliseks ning tõenäoliselt pole jõudu turusentimenti mõjutada, seda eriti enne FOMC homset istungit ning reedest USA tööjõuraportit.

    10.00 Hispaania jaemüük (juuni)
    16.00 USA S&P Case-Shilleri majade hinnaindeks (mai)
    17.00 USA tarbijate kindlustunde indeks (juuli)

    USA indeksite futuurid kauplevad hetkel ilma muutuseta.

  • Renaulti esimese poolaasta käive jääb ootustele alla aga marginaal prognoositust parem, kinnitab varasemaid prognoose

    • Rev. EU19.8b, est. EU20.9b. Yr ago EU20.4b
    • Renault 1H operating profit EU729m, est. EU673m. Yr ago EU583m.
    • Automotive operational FCF -EU360m (incl -EU861m working capital). Yr ago -EU31m
    • Reiterates 2014 forecast for higher group operating profit, rev. and vehicle deliveries.
    • Raises 2014 outlook for European auto market growth to 3%-4% from 2%-3%

  • Tänased analüütikute kommentaarid:

    Enel Green Power PT Raised to EU2.35 from EU 2,25 at BofAML; Kept at Buy (Close 2,04)
    • Remains only buy-rated stock among EU renewable operators.
    • Still offering combination of value and growth despite some pressure from Italian power prices
    EDP Renovaveis Cut to Neutral vs Buy at BofAML
    Gameloft Cut to Neutral vs Overweight at JPMorgan; PT 9,2 to 5,3 (Close 5,69)
    Standard Chartered Raised to Overweight vs Neutral at JPMorgan; PT 1350 to 1450 (Close 1222,5)
    Piaggio PT Cut 10% to Eu2.7 at Exane; Kept at Outperform (Close 2,35)
    Piaggio PT Cut to Eu2.6 vs Eu2.7 at Deutsche Bank; Kept at Buy (Close 2,35)
    Gas Natural Cut to Underweight vs Neutral at HSBC; PT 22 to 23 (Close 23,29)
    Total PT Cut to EU60 vs EU61 at Raymond Jamesm, kept at outperform (Close 51,78)
    •New PT reflects mark to mkt of Total’s 17% stake in Russia Novatek, EU0.61 div. paid in June.
    Dialog Semiconductor Reinstated Overweight at Barclays, PT Eu27 (Close 22,8)
    Zoopla Property Rated New Outperform at Credit Suisse, PT 290p (Close 249,0)
    • ZPG is the second-largest property portal group in the UK with 386m visits in FY13, generating 26m leads for its 18,887 (H1 2014) subscribing members.
    • Structurally, we believe ZPG has substantial growth potential: (i) it adds significant value at a low cost: its fees cost agents just c.1.6% of sales vs c10% typically spent on marketing (CY13); (ii) marketing spend by agent in CY13 only 49% of spend was online vs over 90% of home hunting; (iii) in CY13, ZPG's ARPA was 54% below Rightmove's (RMV) despite generating just 26% fewer leads.
    • The main risk is competition from incumbents and new online entrants such as Agents' Mutual.
    Daily Mail Reinstated Outperform at Credit Suisse, PT 1,040p (Close 825,5)
    Norilsk Nickel Raised to Buy vs Neutral, Added to Goldman Ceemea Focus List; PT 19,6 to 27 (Close 19,65)
    TBC Bank Jsc Rated New Buy at UBS, PT $16.90 (Close 14,2)
    Bank of Georgia Holdings Rated New Neutral at UBS, PT 2,800p (Close 2490)
    Remy Removed From UBS Least Preferred List
    Nestle Added to UBS Least Preferred List
    Aberdeen Asset Management Cut to Hold vs Buy at SocGen; PT 465 (Close 435)
    Thales Raised to Sector Perform vs Underperform at RBC Capital
    Admiral Group Cut From Equalweight to Underweight at Morgan Stanley
    STMicro Cut to Underperform vs Market Perform at Bernstein; PT 5,5 (CLose 6,39)
    BTG Raised to Buy at Jefferies; PT 525 to 760 (Close 594,5)
  • Hispaania jaemüügi kasv aeglustus aasta baasil 0,5% pealt 0,2% peale
  • Marc Faber leiab nüüd, et turg võib 30-60 päeva jooksul teha enne uue tipu kui 20-30% korrektsioon aset leiab. Teatavasti on ta varemgi selliseid drastilisi prognoose teinud ja CNBC ankur heidab seda talle ette. Link loole.
  • Erko Rebane
    Marc Faber leiab nüüd, et turg võib 30-60 päeva jooksul teha enne uue tipu kui 20-30% korrektsioon aset leiab. Teatavasti on ta varemgi selliseid drastilisi prognoose teinud ja CNBC ankur heidab seda talle ette. Link loole.


    Here's my opinion of Marc Faber: none. He doesn't deserve one.

    Jim Cramer
  • UPSi tulemused oodatust nõrgemad ning lisaks tõmmatakse prognoosi allapoole. Positiivne on siiski see, et prognooside kärpimise taga on kiireneva nõudluse ootuses suurendatud kulutused.

    UPS reports Q2 (Jun) earnings of $1.21 per share, excluding non-recurring items, $0.04 worse than the Capital IQ Consensus Estimate of $1.25; revenues rose 5.6% year/year to $14.27 bln vs the $14.11 bln consensus.
    Co issues downside guidance for FY14, lowers EPS to $4.90-5.00 for $5.05-5.30, excluding non-recurring items, vs. $5.08 Capital IQ Consensus Estimate.
    As a result of this accelerated growth and our preparation for peak season, we are making investments in new capabilities and network capacity to ensure we meet customer expectations.
  • Morgan Stanley pakub karmimate sanktsioonide valguses hea ülevaate sellest, millised on majanduslikud sidemed Venemaaga Euroopal ja millised USA-l.
  • Kaubamahtude kasv USA raudteedel on viimastel nädalatel aeglustunud (12 nädala libisev keskmine juuni alguse 9,4% pealt 7,2% peale) aga tempo on siiski jätkuvalt kiire võrreldes eelnevate aastatega.
  • Investorid kardavad järjest enam turgude korrektsiooni, varustades ennast S&P 500 ja S&P 100 put optsioonidega. Via WSJ

    The average of outstanding “put” options on the S&P 500 and the S&P 100 indexes last week rose to twice the number of bullish “call” options, said Jason Goepfert, founder of Sundial Capital Research.
    Only twice during the past 20 years has that ratio been so lopsided to the bearish side — in mid-February 1996 and in July 2007, Mr. Goepfert said.
    Both times, the market floundered in the weeks and months ahead.
  • Tänased analüüsimajade reitingumuutused ja kommentaarid USA ettevõtete kohta:

    •Barclays PLC (BCS) upgraded to Buy from Add at Numis
    •Costco (COST) upgraded to Buy from Neutral at Goldman; added to Conviction Buy list
    •Allstate (ALL) downgraded to Mkt Perform from Outperform at William Blair
    •Barnes Group (B) downgraded to Hold from Buy at Deutsche Bank; tgt lowered to $40 from $46; removed from Short-Term Buy list
    •Dollar Tree (DLTR) downgraded to Mkt Perform from Outperform at BMO Capital Mkts
    •Family Dollar (FDO) upgraded to Neutral from Underweight at Piper Jaffray
    •Trulia (TRLA) downgraded to Hold at Needham; downgraded to Hold from Buy at Deutsche Bank
    •Wal-Mart (WMT) downgraded to Neutral from Buy at Goldman
    •Armstrong World Industries (AWI) removed from Conviction Buy list at Goldman
    •Boston Scientific (BSX) initiated with a Neutral at Sterne Agee; tgt $13.50
    •XL Group plc (XL) added to Best Ideas list at Morgan Stanley


  • Keskmine majade hinnakasv aeglustus USA 20s suuremas linnas mais 9,3% YoY, mis oli aeglasem kui oodatud 9,9% ja 10,8% aprillis. Ühest küljest peegeldab see nõrgemat turgu, samas on just kiire hinnatõus üks teguritest, mis osasid ostjaid eemale hoidnud.
  • Twitter prelim $0.02 vs ($0.01) Capital IQ Consensus Estimate; revs $312 mln vs $283.30 mln Capital IQ Consensus Estimate

    TWTR teatab konsenuse poolt prognoositud kahjumi asemel kasumist ja aktsia järelkauplemisel juba 20% kõrgemal, kauplemas $ 45,70 juures.
  • Nelli Janson
    Twitter prelim $0.02 vs ($0.01) Capital IQ Consensus Estimate; revs $312 mln vs $283.30 mln Capital IQ Consensus Estimate

    TWTR teatab konsenuse poolt prognoositud kahjumi asemel kasumist ja aktsia järelkauplemisel juba 20% kõrgemal, kauplemas $ 45,70 juures.


    Ühtlasi tõstab TWTR ka prognoose:
    Twitter raises FY14 rev to $1310-1330 mln from $1.2-1.25 bln vs $1.27 bln Capital IQ Consensus Estimate; EBITDA $210-230 mln from $180-205 mln

Teemade nimekirja