>>> US Early premarket gappers

Early premarket gappers

  • Gapping up:
    • SNDL +20.4%, TLRY +15.2%, ACB +14.4%, CGC +11.9%, OGI +9%, CRON +8%, GRWG +6.2%, JOBY +4.9%, SGHT +3.9%, DOOO +3.9%, TWI +3.3%, SJR +2.5%, MCW +1.4%, JAZZ +1.2%, NVCR +1%
  • Gapping down:
    • MEIP -42.5%, HNST -19.4%, DBRG -17.9%, AMPS -15.4%, ONL -14.2%, SMRT -9.2%, PRPL -8.6%, GTES -5.3%, JD -5%, NIO -4.9%, NLOK -2.6%, SEIC -2.1%, MAXN -1.9%, ASAN -1.7%, RKLB -1.2%

9to5 : EU legislation to make iMessage and other messaging apps interoperable


The European Union on Thursday night unveiled more details about its plans to curb anti-competitive practices among big tech companies. With the rules of the new Digital Markets Act (DMA), Europe wants all major messaging apps like WhatsApp, Facebook Messenger, and iMessage to have an interoperable platform.

The DMA targets companies that have at least 45 million monthly active end users or 10,000 annually active corporate users in Europe. While the antitrust legislation was already expected to have impacts on how the App Store operates, it may also cause changes to Apple’s iMessage.
As reported by TechCrunch, EU lawmakers have agreed that the major messaging apps available in Europe will have to “open up and interoperate with smaller messaging platforms.” In other words, Europe wants an iMessage or WhatsApp user to be able to send messages to a Signal user, or any other combination of apps you can think of.
Users of small or big platforms would then be able to exchange messages, send files or make video calls across messaging apps, thus giving them more choice. As regards interoperability obligation for social networks, co-legislators agreed that such interoperability provisions will be assessed in the future.
The legislation will also require companies to ask for users’ explicit consent to collect personal data for advertising, and their platforms will have to let users freely choose which web browser, virtual assistant, or search engine they want. This, of course, must become a concern for Apple since the company restricts some of these options in iOS.
For now, the legislation has yet to be finalized and approved by Parliament, so we’ll have to wait a bit more until a final decision is made.
9to5Mac’s Take
Last year, Google suggested that Apple should adopt RCS in iOS, which is a new universal messaging protocol that enables rich communications. While Android already works with RCS, Apple has never shown interest in adopting the protocol, as it would bring some of iMessage’s features into conversations with Android users.
If the EU approves DMA, Apple might be forced to add RCS support to its devices to comply with the new legislation. You can find more details about the legislation on the European Parliament’s website.

>>> Europe : Brokers Upgrades & Downgrades - 25th of March 2022 V2(+)

>>> Up
* Adidas Raised to Outperform at Baird; PT 280 euros (+)
* British Land Raised to Hold at Jefferies; PT 455 pence
* CompuGroup Raised to Equal-Weight at Morgan Stanley; PT 59 euros
* Drax Raised to Overweight at Morgan Stanley; PT 930 pence
* Farfetch Raised to Buy at SocGen; PT $22 (+)
* Gecina Raised to Buy at SocGen; PT 134 euros (+)
* Hemnet Raised to Buy at Nordea; PT 175 kronor
* Indra Raised to Equal-Weight at Morgan Stanley; PT 11 euros
* Mikron Raised to Buy at Stifel; PT 10.70 Swiss francs (+)
* Next Raised to Buy at SocGen; PT 7,331 pence
* Schindler Raised to Buy at Goldman; PT 234 Swiss francs (+)
* Software AG Raised to Equal-Weight at Morgan Stanley
* Teva ADRs Raised to Outperform at Bernstein; PT $11

>>> Down
* 1&1 Cut to Hold at Hauck & Aufhaeuser; PT 21 euros (+)
* ASML Cut to Sell at Redburn (+)
* ASMI Cut to Neutral at Redburn (+)
* Autoliv GDRs Cut to Neutral at Oddo BHF; PT 830 kronor
* B&M European Cut to Neutral at Credit Suisse; PT 600 pence (+)
* Bunzl Cut to Hold at HSBC; PT 3,050 pence
* Dassault Aviation Cut to Neutral at Goldman; PT 136 euros (+)
* Francaise Energie Cut to Neutral at Oddo BHF; PT 50 euros (+)
* Ina Invest Holding Cut to Add at Baader Helvea
* Legrand Cut to Neutral at Goldman; PT 92 euros (+)
* Ovh Groupe SAS Cut to Underweight at Morgan Stanley; PT 20 euros
* Restaurant Group Cut to Underweight at Barclays; PT 70 pence
* Sodexo Cut to Neutral at Bryan Garnier; PT 95 euros (+)
* Telenor Cut to Sell at Goldman; PT 120 kroner
* VAT Cut to Neutral at Redburn (+)
* VIB Vermoegen Cut to Hold at Berenberg; PT 56 euros
* Wartsila Cut to Sell at Goldman; PT 7.70 euros (+)
* Zur Rose Cut to Neutral at Citi (+)

>>> Initiation
* Argo Blockchain ADRs Rated New Hold at Stifel Canada; PT $11
* BillerudKorsnas Re-Initiated Buy at Handelsbanken
* Deliveroo Rated New Hold at HSBC; PT 140 pence
* Duerr Rated New Underperform at Exane; PT 29 euros
* Indivior Rated New Equal-Weight at Morgan Stanley; PT 330 pence
* Knorr-Bremse Rated New Outperform at Exane; PT 83 euros
* Norma Reinstated Outperform at Exane; PT 39 euros
* PhotoCure Rated New Buy at Handelsbanken
* Versarien Rated New Buy at Berenberg; PT 35 pence

>>> Call
* ASML, ASMI and VAT Cut at Redburn as Semi Capex Moderates (+)
* British Land Raised on Warehouse, Logistics Potential: Jefferies (+)
* Morgan Stanley Flags EV Demand Destruction as Lithium Soars
* Software AG, Indra and CompuGroup All Raised at Morgan Stanley (+)

>>> Stoxx 600 Pre-Market Indications

  • Rio Tinto (RIO1 TH) +2.2%
  • Daimler Truck (DTG TH) +2.2%
  • Reckitt (3RB TH) +1.8%
  • Thales (CSF TH) +1.7%
  • Stellantis (8TI TH) +1.3%
  • Novo Nordisk (NOVC TH) +1.3%
  • Unilever (UNVB TH) +1%
  • UPM-Kymmene (RPL TH) +0.9%
  • HeidelbergCement (HEI TH) +0.9%
  • Thyssenkrupp (TKA TH) +0.9%
  • Siemens (SIE TH) -0.2%
  • TAG Immobilien (TEG TH) -0.2%
  • HelloFresh (HFG TH) -0.4%
  • Norsk Hydro (NOH1 TH) -0.4%
  • Orange (FTE TH) -0.4%
  • Siemens Gamesa (GTQ1 TH) -0.6%
  • Lufthansa (LHA TH) -0.7%
  • K+S (SDF TH) -0.9%
  • Tomra (TMR TH) -1.3%
  • Prosus (1TY TH) -2.2%

>>> TradeGate Pre-Market Indications

DAX:
  • Daimler Truck (DTG TH) +2.9%
  • Continental (CON TH) +1.5%
MDAX:
  • Varta (VAR1 TH) +1.5%
  • Siemens Energy (ENR TH) +1.2%
  • Freenet (FNTN TH) +1%
  • ProSieben (PSM TH) +0.7%
    • Prosieben Is Cheap Even Without MFE Deal, Unit IPO Soon: Makor
  • Duerr (DUE TH) -0.5%
    • Duerr Rated New Underperform at Exane; PT 29 euros
  • K+S (SDF TH) -0.9%
SDAX:
  • Eckert & Ziegler (EUZ TH) +7%
    • Eckert & Ziegler Sees 2022 Net Income About EU38M
  • PVA TePla (TPE TH) +2.8%
  • SGL (SGL TH) +1.9%
  • Deutsche PBB (PBB TH) +1.6%
  • AUTO1 (AG1 TH) +1.5%
  • Deutz (DEZ TH) +1%
  • Vitesco (VTSC TH) -0.3%
    • Vitesco Sees FY Revenue EU8.6B to EU9.1B

>>> Europe : Brokers Upgrades & Downgrades - 25th of March 2022

>>> Up
* British Land Raised to Hold at Jefferies; PT 455 pence
* CompuGroup Raised to Equal-Weight at Morgan Stanley; PT 59 euros
* Drax Raised to Overweight at Morgan Stanley; PT 930 pence
* Hemnet Raised to Buy at Nordea; PT 175 kronor
* Indra Raised to Equal-Weight at Morgan Stanley; PT 11 euros
* Next Raised to Buy at SocGen; PT 7,331 pence
* Software AG Raised to Equal-Weight at Morgan Stanley
* Teva ADRs Raised to Outperform at Bernstein; PT $11

>>> Down
* Autoliv GDRs Cut to Neutral at Oddo BHF; PT 830 kronor
* Bunzl Cut to Hold at HSBC; PT 3,050 pence
* Ina Invest Holding Cut to Add at Baader Helvea
* Ovh Groupe SAS Cut to Underweight at Morgan Stanley; PT 20 euros
* Restaurant Group Cut to Underweight at Barclays; PT 70 pence
* Telenor Cut to Sell at Goldman; PT 120 kroner
* VIB Vermoegen Cut to Hold at Berenberg; PT 56 euros

>>> Initiation
* Argo Blockchain ADRs Rated New Hold at Stifel Canada; PT $11
* BillerudKorsnas Re-Initiated Buy at Handelsbanken
* Deliveroo Rated New Hold at HSBC; PT 140 pence
* Duerr Rated New Underperform at Exane; PT 29 euros
* Indivior Rated New Equal-Weight at Morgan Stanley; PT 330 pence
* Knorr-Bremse Rated New Outperform at Exane; PT 83 euros
* Norma Reinstated Outperform at Exane; PT 39 euros
* PhotoCure Rated New Buy at Handelsbanken
* Versarien Rated New Buy at Berenberg; PT 35 pence

>>> Call
* Morgan Stanley Flags EV Demand Destruction as Lithium Soars

>>> What to look at today - 25th of March 2022

Stocks in Asia fell Friday amid a drop in the Chinese technology sector and as investors evaluated economic risks from Federal Reserve monetary-policy tightening and Russia’s war in Ukraine. MSCI Inc.’s Asia-Pacific equity gauge slipped for a second session. Tech shares in Hong Kong slid following U.S. comments that it’s “premature” to speculate about a deal to keep Chinese firms from being kicked off American exchanges. U.S. and European futures edged up after a jump in the S&P 500 on Thursday. Treasuries made modest gains but remain on course for one of their worst quarterly routs since at least the early 1970s.  Oil dipped after European Union leaders refrained from fresh steps to cut imports of Russian crude. The U.S. may unveil measures to help Europe reduce flows of Russian natural gas.
Investors are continuing to grapple with the ramifications of Russia’s invasion and isolation, including elevated raw-material costs that have stoked expectations of higher inflation and more aggressive Fed interest-rate hikes.
The yen snapped a prolonged drop against the greenback that was spurred by the monetary-policy divergence between the U.S. and a still-dovish Japan. A gauge of the dollar declined.  Global shares are set for their first consecutive weekly gains in 2022, suggesting some equity investors foresee economic growth weathering the conflict, high inflation and the Fed’s campaign against price pressures. US After Hours Pretty quiet after hours; HNST -18.9%, SMRT -16.4% fall on earnings; RKLB -2.9% lowers Q1 rev guidance due to weather-related launch delay

Nikkei +0.14% Hang Seng -2.81% CSI -1.82% Shanghai -1.18% Shenzen -1.41%

Eur$ 1.1025 CNH 6.3765 CNY 6.3621 JPY 121.76 GBP 1.3214 CHF 0.9276 RUB 100.2608 TRY 14.8223 WTI$ 112.33 -0.02% Gold 1958.80 +0.06% BTC 44,190 +0.68% ETH 3135 +1%

S&P +0.15% Nasdaq +0.15% EuroStoxx +0.26% FTSE -0.09% Dax +0.31% SMI +0.06%

Macro :
- Pamplona Capital Says It Will Liquidate Funds Tied to LetterOne
- Morgan Stanley Flags EV Demand Destruction as Lithium Soars
- Spain Announces Fuel Subsidies, EU450m Direct Aid for Truckers

Keep an eye on :
- ABBN SW : ABB Plans Further Share Buyback up to $3B
- AED BB : Aedifica to Spend GBP29M on Two U.K. Care Home Projects
- AIR FP : Boeing May Not Win 737 Max 10 Certification by Year-End: Reuters
- AAF LN : Airtel Africa Holder Singapore Telecommunications Offers Shares
- AMS SW : Plastic Omnium Is Said to Near Deal for AMS Lighting Unit
- AAPL US : Apple Is Working on a Hardware Subscription Service for IPhones
- BAYN GY : Monsanto Reaches $80 Million Settlement with Ohio Over PCBs
- BP/ LN : U.K. Targets Tenfold Increase in Electric Vehicle Charge Points
- BT/A LN : Drahi’s Altice International Loans $639m to BT-Holding Altice UK
- CARLB DC : Carlsberg Reviews Possible Corruption in Belarus: Berlingske
- CNHI IM : Titan, CNH Industrial Enter Three-Year, $400m Supply Agreement
- AM FP : Greece Buys 6 Dassault Rafale planes and 3 Naval Group Frigates
- DTE GY : Deutsche Telekom Closing Activities in Russia
- DGE LN : Diageo Agrees Sale of Windsor Business for About GBP124M
- DYS LN : Dyson to Invest $1.1 Billion in Singapore, Its New Global Hub
- EUZ GY : Eckert & Ziegler Sees 2022 Net Income About EU38M
- ZIL2 GY : ElringKlinger FY Dividend per Share Misses Estimates
- EQT SS : EQT Said to Weigh Sale of Hollywood Payroll Firm Cast & Crew
- EQUI IM : Equita, Gianni & Origoni Picked to Advise on ITA Sale: Rtrs
- EXO IM : Exor FY Net Assets $31.07B Vs. $24.04B Y/y
- ES FP : Esso Refineries in France Seek Alternatives to Russian Crude
- ECMPA NA : Eurocommercial FY Net Property Income EU155.1M Vs. EU154.6M Y/y
- GLPG NA : Galapagos to Name CEO Stoffels Chair of Proposed Unitary Board
- GAZP RM : Nord Stream 2 to File Bankruptcy Petition Next Days: Stuttgarter
- GBLB BB : GBL’s Sienna Buys Acofi Gestion; No Terms
- G IM : Generali Needs More Independence: Investor Caltagirone in Sole
- HSV LN : Brookfield Considering Possible Offer for HomeServe
- HUSQB SS : Husqvarna Prelim 1Q Net Sales About SEK15B
- LTI SS : Litium Offers SEK25m Shares via ABG Sundal Collier
- LSEG LN : LSE Holders to Sell 5.78m Shares, Terms Show
- ORA FP : Aschenbroich Tapped as Next Orange Chairman: Echos
- POM FP : Plastic Omnium Is Said to Near Deal for AMS Lighting Unit
- PAH3 GY : Porsche 911, Taycan Drive IPO to Electrify VW's Value: BI Focus
- RENE PL : REN FY Net Income EU97.2M Vs. EU109.2M Y/y
- REP SM : Repsol Offers Fuel Discount to Truckers in Spain
- SPM IM : Saipem Approves EU2b Capital Increase
- SDRL NA : Seadrill Names Simon Johnson to Replace Stuart Jackson as CEO
- TIT IM : CVC, Vivendi Said to Seek Stakes in Telecom Italia Unit
- TEL NO : Telenor Sees NOK800M Hit on Income Statement From Myanmar Sale
- TFI FP : TF1, M6 Would Buy France Televisions’ Salto Stake for EU45m
- TRELB SS : Trelleborg Sells Tires Unit to Yokohama Rubber for $2.3 Billion
- HO FP : Greece Buys 6 Dassault Rafale planes and 3 Naval Group Frigates
- UN01 GY : Uniper Hasn’t Received Official Russian Gas-for-Rubles Request
- UU/ LN : United Utilities Says Performance is in Line With Expectations
- VTSC GY : Vitesco Sees FY Revenue EU8.6B to EU9.1B
- VIV FP : CVC, Vivendi Said to Seek Stakes in Telecom Italia Unit
- VOLVB SS : Eicher-Volvo JV may plan to float new unit for EVs