Börsipäev 18. aprill
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Euroopas ning mitmel pool mujal maailmas jätkuvad pühad pärssisid esmaspäeval aktiivsust ka Ühendriikide aktsiaturul, mida ostjad suutsid vaatamata pehmematele majandusnäitajatele ning maksureformi võimalikust edasilükkumisest hoiatanud USA rahandusministrile enda kasuks tööle panna. S&P 500 indeks sulgus 0,9% kõrgemal, kosudes osaliselt eelmise nädala langusest.
Ühendriikide majade ehitajate kindlustunde indeks alanes aprillis oodatud ühe punkti asemel kolme punkti võrra 68 punktile, kuid arvestades eelneva kuu kuuepunktilist hüpet 12a kõrgeimale tasemele, püsib kindlustunne ajalooliselt endiselt väga kõrgena. Küsitlust läbiviiva NAHB juhi Granger MacDonali sõnul püsib nõudlus uute majade vastu kõrgena, kuid ehitajad seisavad silmitsi nii materjalide kallinemise kui ka mahukate regulatiivsete kuludega, mille vähendamist Trumpi administratsioonilt oodatakse.
USA töötleva tööstuse aprilli esimese regionaalse küsitluse kohaselt kasvas New Yorki osariigis aktiivsus tagasihoidlikumalt kui märtsis. NY FEDi küsitlusel põhinev äritingimuste indeks alanes aprillis 11,2 punkti võrra 5,2 punktile (oodati 15,0) ning uute tellimuste indeksi järsk taandumine (21,3 punktilt 7,0 punktile) viitab tagasihoidlikuma kasvu jätkumisele. Sellest hoolimata muutusid ettevõtted järgneva kuue kuu väljavaate osas optimistlikumaks, mis aitas hoida palkamisaktiivsust sektoris robustsena ning tõsta kapitaliinvesteeringute indeksit nelja punkti võrra 27,7 punktile, saavutades kõrgeima taseme rohkem kui kahe aasta jooksul.
Nädala makrokalender püsib USA-kesksena, kui täna saavad fookuses olema kinnisvaraturu märtsi esimesed näitajad (ehitusload ning alustatud elamuehitused) ning tööstustoodang. Ettevõtetest avaldavad oma tulemused enne turgude avanemist Bank of America, Charles Schwab, Goldman Sachs, Harley-Davidson, Johnson & Johnson, UnitedHealth ning järelkauplemise ajal IBM ja Yahoo!.
15.30 USA väljastatud ehitusload ning alustatud elamuehitused (märts)
16.00 FEDi George esineb
16.15 USA tööstustoodang (märts) -
Kust leiab internetist SEB/Swedpanga soovitused erinevate aktsiate ostusoovituste kohta?
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Euroopa aktsiafondid on näinud viimastel nädalatel kapitali tagasivoolu, mis on siiski veel köömes võrreldes eelmise aasta väljavooluga
* Europe equity funds see inflows of $1.8b in the week to April 12, largest in 68 weeks, BofAML strategists write in note, citing EPFR Global data.
* Europe funds have seen $4.2b inflows in past three weeks, but follows $90.9b of outflows in prior year
* Expected surge of inflows awaits confirmation that French presidential election second-round is not Melenchon-Le Pen; benign French election expected to induce U.S. flows to Europe and expectations of tightening by ECB later in 2017
* U.S. equity funds see inflows of $0.4b; emerging markets stocks see inflows of $2.1b
* By sector: inflows to tech, financials, consumer, health care, utilities; outflows from materials, energy, real estate
* In fixed income: bonds overall see inflows of $6.1b, with inflows in 15 of the last 16 weeks; IG bond funds see $1.9b inflows, HY bond funds see $0.4b outflows; emerging market debt see inflows of $2.7b -
Johnson & Johnson prelim Q1 $1.83 vs $1.77 Capital IQ Consensus Estimate; revs $17.8 bln vs $18.02 bln Capital IQ Consensus Estimate
Johnson & Johnson includes Actelion (ALIOY) into FY17 guidance; sees $7.00-7.15 vs $7.08 Capital IQ Consensus Estimate; sees revs $75.4-76.1 bln vs $75.21 bln Capital IQ Consensus Estimate -
BANK OF AMERICA 1Q EPS 41C, MAY NOT COMPARE WITH EST. 35C
BANK OF AMERICA 1Q FICC TRADING REV. EX-DVA $2.93B, EST. $ 2.58B -
UPGRADES:
* ARC Resources (ARX CN) raised to overweight at Barclays, PT C$24
* Aflac (AFL) raised to outperform at Raymond James
* Check Point Software (CHKP) raised to equal-weight at Morgan Stanley
* Core-Mark (CORE) raised to strong buy at Raymond James, PT $39
* IAC (IAC) raised to buy at Jefferies, PT $92
* McDonald's (MCD) raised to outperform at Bernstein, PT $160
* Stratasys (SSYS) raised to overweight at Piper Jaffray
DOWNGRADES:
* American Eagle (AEO) cut to neutral at B Riley
* Cummins (CMI) cut to neutral at Piper Jaffray
* Forest City (FCE/A) cut to neutral at BofAML, PT $24.50
* Paccar (PCAR) cut to neutral at Piper Jaffray
* Tilly's (TLYS) cut to neutral at B Riley
INITIATIONS:
* Alteryx (AYX) new buy at Goldman, PT $20
* Alteryx (AYX) new market outperform at JMP, PT $20
* Alteryx (AYX) new outperform at Cowen, PT $21
* Alteryx (AYX) new outperform at Raymond James
* Alteryx (AYX) new outperform at William Blair
* Arconic (ARNC) new neutral at JPMorgan, PT $29
* Buckeye Partners (BPL) new neutral at Guggenheim, PT $72
* Cheniere Energy (LNG) new buy at Guggenheim, PT $54
* China Lodging (HTHT) new buy at Benchmark, PT $68
* Clorox (CLX) new hold at Jefferies, PT $138
* Colgate (CL) new hold at Jefferies, PT $78
* Ctrip (CTRP) new buy at Benchmark, PT $60
* Elevate Credit (ELVT) new neutral at Compass Point, PT $9
* EnLink Midstream Partners (ENLK) new neutral at Guggenheim, PT $18
* Enterprise Products (EPD) new buy at Guggenheim, PT $32
* Kimberly-Clark (KMB) new hold at Jefferies, PT $134
* Match Group (MTCH) new buy at Jefferies, PT $21
* Omnicom (OMC) new in line at Evercore ISI, PT $91
* Oneok Inc (OKE) new buy at Guggenheim, PT $62
* Oneok Partners (OKS) new neutral at Guggenheim, PT $53
* Plains All American (PAA) new neutral at Guggenheim, PT $28
* RMR Group (RIF) new perform at Oppenheimer
* Synacor (SYNC) new buy at Canaccord, PT $8
* Targa Resources (TRGP) new neutral at Guggenheim, PT $54
* Western Gas Equity Partners (WGP) new buy at Guggenheim, PT $60
* Western Gas Partners (WES) new buy at Guggenheim, PT $68
* YY Inc (YY) new buy at Benchmark, PT $60 -
Goldman Sachs prelim Q1 $5.15 vs $5.19 Capital IQ Consensus Estimate; raises dividend
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USA alustatud elamuehitused oodatust nõrgemad aga ilmade suhtes vähemtundlikumad ehitusload üllatasid positiivselt
US Building Permits Change Mar: 1260K (est 1250K; prev 1216K)
US Housing Starts Change Mar: 1215K (est 1250K; rev prev 1303K) -
IMF RAISES OUTLOOK FOR 2017 GLOBAL GROWTH ON JAPAN, U.K., CHINA
IMF WEO Raises Global Growth Forecasts To 3.5% (3.4%) For 2017 & Sees 2018 At 3.6%
IMF raises China growth forecast to 6.6% this year, 6.2% in 2018
IMF hikes UK 2017 GDP growth forecast to 2.0% from 1.5%
IMF KEEPS U.S. 2017 GROWTH EST. AT 2.3%; 2018 EST. STAYS 2.5%
IMF Hikes 2017 Euro-Area Growth To 2.3% From 1.5% In Oct 2016
IMF WEO: Global Trade Is Showing Some Signs Of Recovery After A Long Period Of Weakness -
Gapping up
In reaction to strong earnings/guidance:
GNC +22.2%, CCNE +6.2%, EIGI +4.4%, (unveils CEO transition plan, reaffirms FY17 outlook)
LMB +2.4%, CE +1.6%, CMA +1.6%, UNH +1.4%, BAC +1.4%
M&A news:
CAB +7.2% (Cabela's enters into revised transaction agreements in connection with Bass Pro Shops merger, shareholders to receive $61.50/share in cash)
MDT +1% (confirms divestiture of its Patient Care by CAH)
Select mining stocks trading higher:
DRD +2.5%, AU +2.3%, GFI +1.2%, HMY +1.1%, GOLD +0.9%, AG +0.8%
Other news:
LIQT +63.4% (receives $480K marine scrubber order)
IDXG +46.5% (announces that UnitedHealthcare (UNH) has agreed to cover Interpace's ThyraMIR test used in assessing indeterminate thyroid nodule fine needle aspirate biopsies)
NLST +14.4% (adopts a short-term stockholder rights agreement under which its stockholders will receive a dividend in the form of preferred stock purchase rights in connection with the Company's ongoing patent infringement proceedings against SK hynix)
QTNT +11.8% (initiated with a Buy at BTIG Research; $22 tgt)
IMMY +8.2% (Imprimis Pharmaceuticals and Cameron Ehlen Group, d/b/a Precision Lens, sign three-year exclusive sales representation agreement; promoted Clayton Edwards as Chief Operating Officer effectively immediately)
BIOC +6.3% (awarded Japanese Patent covering the use of antibodies for the capture of any target of interest from any sample type on a device surface)
RIGL +5% (submits NDA to the FDA for fostamatinib in patients with chronic and persistent immune thrombocytopenia; expects to receive notification regarding the acceptance of the NDA by the FDA in June 2017)
CYTK +4.3% (to join S&P SmallCap 600)
AUPH +4.2% (Aurinia Pharma signs a definitive agreement granting Merck Animal Health rights to develop and commercialize Aurinia's patented nanomicellar voclosporin ophthalmic solution for the treatment of dry eye syndrome in dogs)
CBL +3.7% (to join S&P SmallCap 600)
GIMO +3.3% (to join S&P SmallCap 600)
RDHL +3.3% (receives NOAs from the USPTO for 2 new patents covering BEKINDA)
GBT +3.1% (initiated with Buy at SunTrust)
IGT +1.5% (Intl Game Tech. to sell Double Down Interactive to South Korea's DoubleU Games for $825 mln; transaction establishes new multi-year strategic partnership)
SAVE +1.3% (reports March traffic, highlights Q1 guidance)
WUBA +1.2% (raises $200 mln from investment by Tencent (TCEHY) for the development of used goods trading platform Zhuan Zhuan)
INVA +1.1% (makes statement regarding its nomination of a minority slate to the Board of Directors; urges shareholders to vote on the Gold Card for Sarissa nominees
GLPG +0.8% (prices public offering of 3.75 mln ADSs at $90.00 per share)
Analyst comments:
SSYS +3.5% (upgraded to Overweight from Neutral at Piper Jaffray)
GBT +3.4% (initiated with a Buy at SunTrust)
Gapping down
In reaction to disappointing earnings/guidance:
CAH -12.5%, (sees FY17 guidance at low end of range, also CAH to acquire Medtronic's (MDT) Patient Care)
INPX -10.9%, CUDA -6.4%, HOG -5%, SPU -3.9%, PLG -3.3%, GS -2.8%, KATE -2%, RF -1.4%, JNJ -1.3%, BRO -0.8%
Select EU financial related names showing weakness:
BCS -2.5%, DB -1.6%, SAN -1.5%, PUK -1.5%, HSBC -1.2%
Select metal producers trading lower:
MT -3.3%, VALE -2.8%, BBL -2.3%, BHP -1.8%, CLF -1.5%, X -1.4%, RIO -1.2%, FCX -1.2%
Other news:
ARNA -20.3% (prices offering of 60 mln shares of common stock at $1.15 per share)
AMRS -14.7% (enters into a securities purchase agreement with a private investor)
CBLI -10.4% (after surging more than 200% higher)
AGIO -3.6% ( commences 4.5 mln common stock offering)
CVRS -3.4% (files for $60 mln mixed securities shelf offering ; files for 68,055,700 share common stock offering by selling shareholders)
MS -1.5% (in sympathy with GS earnings)
SBGL -1.3% (board has determined that a $1 bln equity capital raise, through the rights offer, is optimal given current market conditions)
TSLA -0.9% (continued weakness following Gigafactory chemical spill)
Analyst comments:
N/A
Briefing.com -
USA tööstustoodang kasvas märtsis MoM ootuspäraselt 0,5%, mida mõjutas nafta ja gaasi sektori toodang. Töötleva tööstuse toodang kahanes oodatud 0,0% asemel -0,4% ning seda madalamaks revideeritud veebruaris näitaja baasil (0,5% asemel 0,3%),
