>>> TradeGate Pre-Market Indications

DAX:
  • Adidas (ADS TH) -1.5%
  • Covestro (1COV TH) -1.5%
    • German Holdings Round-Up: Technotrans, ADVA Optical, Covestro
  • Infineon (IFX TH) -1.7%
    • Watch Chip Stocks After Apple’s Cautious Outlook, Samsung Miss
  • BMW (BMW TH) -1.8%
    • U.K. Builds Fewest Cars Since 1984 as Brexit Weighs on Outlook
  • Deutsche Post (DPW TH) -2%
MDAX:
  • Aurubis (NDA TH) +1.4%
    • Stock fell 9.2% yesterday
  • Evotec SE (EVT TH) -2.3%
    • Evotec SE Cut to Sector Perform at RBC; PT 32 euros
  • ProSieben (PSM TH) -3.1%
    • Shares up 4.6% yesterday,
  • K+S (SDF TH) -3.1%
  • Varta (VAR1 TH) -8.1%
    • Apple’s Asian Suppliers Slide After Cautious Outlook
SDAX:
  • Fielmann (FIE TH) -2.5%
  • Schaeffler (SHA TH) -3.3%
  • SAF-Holland SE (SFQ TH) -4.1%
  • Grenke (GLJ TH) -4.1%
  • Global Fashion Group (GFG TH) -9.6%
    • U.K. Retail Optimism Overdone, Pets at Home Cut: Morgan Stanley

WSJ : Apple to Roll Out Privacy Measures Despite Facebook Objections

Apple to Roll Out Privacy Measures Despite Facebook Objections
Feature set for spring release will allow ad tracking only if consumers opt in on iPhone or iPad

Apple Inc. AAPL -0.77% plans to roll out its extensive new privacy-protection options for users over the next several months, moving ahead with plans that have ratcheted up tensions between the company and social-media giant Facebook Inc. FB -3.51%

On the same day Facebook Chief Executive Mark Zuckerberg told investors Apple poses a growing threat to its business, the iPhone maker reiterated its intent to give users the option to limit how apps track their digital footprints.

Apple users early this spring will see the new feature, which will allow ad tracking only if consumers opt in once they receive a prompt on an iPhone or iPad. (A beta version will be coming sooner for test users.)

The software update to its mobile operating system would make it so that Facebook or other companies would no longer be able to collect a person’s advertising identifier without permission.

Chief Executive Tim Cook is slated to speak Thursday on the topic of data privacy at the Computers, Privacy and Data Protection conference.

“Tomorrow is International Privacy Day, and we continue to set new standards to protect users’ right to privacy, not just for our own products but to be the ripple in the pond that moves the whole industry forward,” Mr. Cook said Wednesday ahead of his speech.


Mr. Zuckerberg, whose company has been sued by the Federal Trade Commission and 46 states over anticompetitive claims, sought to cast Apple’s privacy moves as a means to use its platform to put Facebook at a disadvantage. Apple, too, has faced claims from tech rivals that its practices are anticompetitive. Both tech giants have denied wrongdoing.

“Apple has every incentive to use their dominant platform position to interfere with how our apps and other apps work, which they regularly do to preference their own,” he said. Apple didn’t respond to a request for comment on Mr. Zuckerberg’s statement.

Late Wednesday, the spring timeline for implementing the new privacy features was included in a new report online by Apple that aimed to detail how personal data is harvested and commercialized by third parties.

The coming change is part of a continuum of features Apple has added over the years aimed at improving and protecting user privacy. For example, the iPhone asks a user to give permission to apps wanting to use the device’s microphone, such as when Skype is used.

Apple’s ad identifier is a string of numbers widely used by digital ad and data brokers that can be used to reveal where users go online, insight that is useful for targeting ads.

Some in the app industry are worried that the opt-in requirement will lead many users to reject the request, resulting in the collapse of ad prices and creating new challenges for small businesses trying to reach a targeted audience effectively.

A Tap Research Inc. survey found 85% of respondents said they wouldn’t allow an app to track them if given the choice.

Amid pushback, Apple in September announced it was delaying the privacy change until early this year from last fall to allow developers time to make necessary changes. The feature was announced last June.

FT : Hedge funds retreat in face of day-trader onslaught

Hedge funds retreat in face of day-trader onslaught
Investment firms pull back from equity market as wild price swings increase their risks

Hedge funds have scaled back the size of their bets in the stock market in recent days after volatility caused by groups of amateur traders pushed up shares in companies such as GameStop and inflicted heavy losses on some high-profile firms.

The unwinding of positions has been noted by brokers and may have contributed to the sharp moves in some shares, according to market participants.

Morgan Stanley said in a note to clients that Monday and Tuesday were among the top five heaviest days for so-called de-grossing over the past decade. Funds have not only been covering their short positions — the bets they placed against individual shares — but also selling shares in companies to cut their leverage and reduce their gross exposure to the market.

Goldman Sachs said Monday saw the largest unwinding in equities by hedge funds since August 2019.

Professional investors are rethinking their strategies to contend with the growing influence of retail traders and the rising risk of shorting stocks. “If you are a risk manager at a large hedge fund you have to change [your] calculus,” said Greg Tuorto, a portfolio manager at Goldman Sachs Asset Management.

Day traders organising on Reddit message boards have targeted specific short sellers and attempted to inflict losses by piling into stocks against which they have bet. Among the funds was Melvin Capital, run by former Steve Cohen protégé Gabe Plotkin, which became the target of retail traders for its bet against GameStop, video game retailer. 

Shares in GameStop have surged 435 per cent since Friday, bringing year-to-date gains to 1,745 per cent. Melvin said on Wednesday it had covered its short and repositioned its portfolio after losing some $3.75bn in the first three weeks of January. 

“This is going to change the way investors place their short bets,” said one professional trader. “Now you have a strategy to proactively cause pain . . . and really put the wood to someone. People are going to put things in place to prevent it from happening again.”

Long/short hedge funds — which take both positive and negative positions on stocks — were first to conduct significant de-grossing this week, but multi-strategy and macro funds have also been cutting back, Morgan Stanley said.

The moves came as retail day traders set their sights on an ever-larger number of stocks. Shares in 59 companies on the Russell 3000 rose by more than 10 per cent on Wednesday, even as the index itself fell by just under 3 per cent. The oil refiner PBF Energy gained 33 per cent, the cosmetics company Revlon rallied 32 per cent and the retailer Bed Bath & Beyond jumped 43 per cent.


American Airlines surged after a user on Reddit asked if the company was the next GameStop. “AAL majorly shorted when all the other airlines aren’t. Let’s get this bread wsb!!,” the user wrote, referring to the popular r/wallstreetbets Reddit page, before adding several rocket ship emojis. Shares in the airline ended the day 7 per cent higher.

Carson Block, a high-profile short seller, said he had significantly cut his positions. “It’s not rocket science — massively reduce your shorts or risk going out of business,” he said.

A pullback by short sellers will have added fuel to the individual share price rallies. “Right now this is like a forest fire and it will eventually burn itself out,” said Brad Lamensdorf, a long/short hedge fund trader who runs Active Alts. “Everyone who is short is getting squeezed and that will push the market to another extreme, setting us up for another correction.”

Volatility continued in overnight trading when the moderators of Wallstreetbets briefly blocked non-subscribers from accessing the page. This cause some of its most-discussed stocks to fall by as much as a third before the page returned to its previous status and share prices rebounded.

The most shorted companies on the Russell 3000 have been the index’s top performers this year, according to Bespoke Investment Group, weighing on hedge fund returns.

Paul Zummo, chief investment office of JPMorgan Alternative Asset Management Hedge Fund Solutions, said he expected managers to keep exposure to “crowded names” to a minimum and limit their shorts. “Given today’s environment, that’s especially important.”

FT : Lebanon hospitals overwhelmed as country ‘falling apart’

Lebanon hospitals overwhelmed as country ‘falling apart’
Surge in virus cases devastates state already hobbled by financial crisis and port blast

At dawn on Sunday, the moment that intensive care director Georges Juvelekian was dreading finally arrived. His hospital ran out of breathing support devices called BiPaps. It fell to his colleague to choose which of two patients to treat with one available machine.

As Saint George Hospital’s ethics committee chair, Dr Juvelekian had drawn up a protocol eight months ago on “how to allocate scarce resources”. Back then, Lebanon’s coronavirus outbreak was contained — he expected the policy to gather dust. But now, for the first time, one of Lebanon’s three largest university hospitals did not have the equipment it needed to help keep someone alive. 

With everything from equipment to medicine in short supply, Lebanon’s medics say they are on the edge of “the Italy scenario” — making life or death decisions about who should receive scarce medical resources as coronavirus cases surge after the Christmas holidays. More than 1000 people have died of Covid in Lebanon in January. A total of 2,477 people in Lebanon have lost their lives to the virus since the pandemic began. The government has launched a 24 hour curfew. With a few exemptions, people are forbidden from leaving their home, relying on supermarket deliveries. “We are a low resource country right now,” said Dr Juvelekian. “It's the whole system that’s on the brink of breaking.”

While many countries have grappled with hospital bed shortages and the need to prioritise care, the Lebanese response has been hobbled by the more than year-long financial crisis and the blast at Beirut port, which devastated the city, partly destroying four hospitals, including Saint George.

Lebanon remains in the hands of a caretaker administration as its political leaders have failed to appoint a new government after the previous one resigned in the wake of the August 4 Beirut blast. Political stalemate and government inaction have made the World Bank, which last week allocated its first loan for vaccine purchase to Lebanon, uncharacteristically blunt. “Our sense is that the country is falling apart,” said Saroj Kumar Jha, regional director. He described the economic crisis, rooted in years of state mismanagement and alleged political corruption, as “self-inflicted”.

Two weeks into a strict lockdown, inconsistently enforced, Lebanon’s intensive care units are 94 per cent full, according to Firass Abiad, manager of Rafik Hariri University Hospital, Lebanon’s biggest public hospital. The entire country is affected: Dr Wael Harb, deputy medical director for a Médecins Sans Frontières-run Covid-19 specialist unit in the Bekaa Valley, an hour from Beirut, said he was receiving calls from the capital “for ICU beds, which we don’t have”. 

With so many patients, intensive care specialists in Saint George last week ran out of outlets which supply oxygen and had to resort to cylinders. “We were hooking people on oxygen in their cars. That’s how bad it was. We had critical patients sitting in chairs,” recalled Dr Juvelekian in his office.

Families of covid victims are desperately searching for hospital spaces, “calling around to figure out where they know people . . . whether the hospital would accept them,” said Mazen el Sayed, director of clinical operations at the American University of Beirut Medical Centre (AUBMC)’s emergency department.

At AUBMC, “we had to treat patients in the hallways [and] . . . in the [emergency department] entrance,” said Dr Sayed. It is retraining staff to boost its intensive care team. “But honestly . . . it’s not enough,” he said.

Many are caring for relatives at home, stoking a black market in ventilators — with second-hand ones as much as $7,500 online — and other equipment. Patients admitted to hectic emergency wards alone face the prospect of dying far from family, said Toufic Chaaban, a pulmonary and intensive care specialist. He holds ipads up to the dying so they can see their families one last time. “It’s better than nothing,” he said.

Meanwhile, Dr Juvelekian says he is low on medicine, a side effect of the financial crisis. The Lebanese pound has lost 80 per cent of its value against the official exchange rate and once commonplace pharmaceutical imports have become staggeringly expensive. The Central Bank is burning through hard currency reserves to subsidise medical supplies, but shortages are widespread.

The blast and coronavirus surge revealed weaknesses in Lebanon’s patchwork of healthcare providers. Many medical staff are getting reduced or delayed salaries. Hospitals struggle to retain doctors; hundreds have emigrated.

Volunteers fill the gaps. More than 80 per cent of Lebanon’s hospitals are private, yet 80 per cent of emergency ambulance services are provided by the volunteer-staffed Lebanese Red Cross, said its secretary-general, Georges Kettaneh. They are the pandemic’s frontline: in the first 20 days of January 2021 alone, Red Cross ambulances ferried around 3,200 Covid-19 patients, almost as many as during the seven months from February to August 2020.

Economic pain — growth contracted by 19 per cent last year — makes it hard to enforce lockdowns and fuels anger about the 24-hour curfew implemented in mid January. Around half the population has fallen under the poverty line. Even as Covid-19 patients overwhelmed intensive care units, protesters in Lebanon’s deprived second city, Tripoli, clashed with security forces over the lockdown for the third consecutive night on Wednesday.

The economic pressure meant that the caretaker government removed most restrictions when expats armed with hard currency arrived at Christmas. People “went to events and dinners . . . like we are in normal [life],” said Mr Kettaneh, adding the current coronavirus surge is “their fault”.

Yet on Monday, Beirutis in the streets around Saint George spilled into the January sun, queueing outside bakeries. During the weekend, snow on Lebanon’s famous cedar trees proved irresistible; traffic was reported on roads to mountain resorts.

That news “got my blood curdling,” said Dr Juvelekian, who cannot remember the last time he had a day off. He pleaded people to stay at home: “I can’t keep doing this . . . we’re exhausted.”

FT : Toyota overtakes VW as world’s biggest carmaker after Covid rebound

Toyota overtakes VW as world’s biggest carmaker after Covid rebound
Japanese group retakes crown as strong China sales help offset hit from pandemic

Toyota has reclaimed the crown of world’s largest carmaker by sales five years after losing it to Volkswagen, with the Japanese company boosted by a sharp rebound from the coronavirus pandemic. 

The group, which also includes its Daihatsu and Hino subsidiaries, said on Thursday that it sold 9.5m vehicles worldwide in 2020, just above the 9.3m sold by its German rival, whose 12 brands include Audi, Porsche and Seat. 

Both carmakers have benefited from a strong recovery in sales in China, despite a tumultuous year of plant closures and supply chain disruptions during the pandemic. But Volkswagen has been hit harder by a fall in sales in Europe.

For Toyota, demand for its Lexus luxury brand helped boost sales in China 11 per cent in 2020 — the only market to report year-on-year growth.

While the Japanese group’s global sales were down 11.3 per cent from 2019, the fallout from the pandemic was also offset by strong demand for its RAV4 sport utility vehicle in the US, its biggest market. Subsidies also helped to boost gas-electric hybrids in Europe. 

In December, sales in the US jumped 20 per cent from a year earlier, while those in France and Germany soared 85 per cent and 89 per cent, respectively. 

Toyota lost its status as the world’s most valuable carmaker to US electric vehicle group Tesla last year, but the company’s focus on hybrids has paid off as it prepares to roll out battery-powered cars over the next two years.

“The spread of EVs in Europe is probably faster than what Toyota had anticipated so the key is whether it can come out with advances in battery technology,” said Yoshihiro Okumura, general manager at Chibagin Asset Management. “The next two years will be critical for Toyota in how investors view its EV strategy.”

Toyota has partnered with Tesla supplier Panasonic to develop solid-state batteries, which are expected to boost driving range and cut charging times for EVs. The carmaker is expected to unveil the technology at the Tokyo Olympics this summer, according to people briefed on its plans.

Toyota said 23 per cent of its global sales were now electrified vehicles, most of which were hybrids. Its hybrid technology, which has been available in its Prius model for 20 years, is the reason Toyota has one of the lowest average CO2 emissions per car of any automaker in Europe despite not offering any fully electric vehicles. 

Following the recovery in sales, investment bank Jefferies raised Toyota’s operating profit forecast by 25 per cent to ¥660bn ($6.3bn) for the October to December period.

Still, analysts say the outlook for Toyota remains uncertain as the car industry grapples with a global chip shortage that has forced automakers to idle plants and furlough workers. 

For the first three months of the year, Nomura estimated that global automobile output may be about 20 per cent lower than companies had planned. However, it said Toyota was likely to be the least hard hit because it diversified its supply chain following the Tohoku earthquake and tsunami in 2011.

>>> Europe : Brokers Upgrades & Downgrades - 28th of January 2021

>>> Up
* Aveva Raised to Buy at Jefferies; PT 4,500 pence
* Avon Rubber Raised to Buy at Panmure Gordon; PT 3,602 pence
* Bellway Raised to Buy at Peel Hunt
* Crest Nicholson Raised to Add at Peel Hunt
* Dufry Raised to Buy at Goldman; PT 61 Swiss francs
* Entain PLC Raised to Overweight at Barclays; PT 1,600 pence
* LVMH Raised to Hold at LBBW; PT 538 euros
* Persimmon Raised to Buy at Peel Hunt
* RTL Raised to Buy at SocGen; PT 52 euros
* Taylor Wimpey Raised to Add at Peel Hunt

>>> Down
* Adecco Cut to Underperform at Jefferies; PT 50 Swiss francs
* Global Fashion Group Cut to Equal-Weight at Morgan Stanley
* Hargreaves Lansdown Cut to Underperform at Exane; PT 1,520 pence
* LafargeHolcim Cut to Neutral at Exane; PT 50.50 Swiss francs
* Pets at Home Cut to Underweight at Morgan Stanley; PT 250 pence
* Nemetschek Cut to Neutral at Goldman; PT 56 euros
* Randstad Cut to Underperform at Jefferies; PT 45 euros


>>> Initiation
* Fastned GDRs Rated New Buy at Berenberg; PT 80 euros
* Grenergy Renovables Rated New Outperform at RBC; PT 60 euros

>>> Call
* Electrolux Raw Material Read-Across From Whirlpool Report: Citi
* U.K. Retail Optimism Overdone, Pets at Home Cut: Morgan Stanley

>>> What to look at today - 28th of January 2021

Global stocks fell back further from last week’s record amid a panoply of concerns spanning earnings, valuations, coronavirus trends and the fallout of frenzied retail trading in parts of the U.S. market. The dollar rose.
Nasdaq 100 futures underperformed after disappointment over results from the likes of Apple Inc. and Tesla Inc. sent shares sliding after market. Stocks in Hong Kong and Australia saw the bulk of Asian losses. European contracts slid.
Earlier, the S&P 500 slumped 2.6% -- the most since October -- after Federal Reserve officials left their main interest rate unchanged and made clear the central bank was nowhere near exiting massive support for the economy. Treasuries steadied, with 10-year yields at just over 1%.
Turmoil continued in parts of the market where retail traders are becoming a major force. Shares of GameStop Corp. and AMC Entertainment Holdings Inc. tumbled post-market, paring Wednesday’s surge. The WallStreetBets Reddit forum, which fueled the retail frenzy, was briefly made private by moderators.
US After Hours TSLA -3.9%, AAPL -3%, FB -0.4%, LEVI -6.9%, TER -5.8%, WHR -4.8%; ZYME -32% falls sharply on clinical trial update

Nikkei -1.53% Hang Seng -2.31% CSI -2.85% Shanghai -1.95% Shenzen -2.85%

Eur$ 1.2101 CNH 6.4976 CNY 6.4798 JPY 104.28 GBP 1.3669 CHF 0.8891 RUB 75.8840 TRY 7.4159 WTI$ 52.51 -0.64%

S&P -0.51% Nasdaq -0.69% EuroStoxx -1.08% FTSE -1.12% Dax -1.11% SMI -0.92%


Macro :
- Cohen’s Point72 Loses 10-15% Amid Month’s Hedge Fund Carnage
- JPMorgan’s Kolanovic Rebukes Bubble Warnings, Urging Buy the Dip
- Goldman Strategist Joins Wall Street Chorus Saying Buy Dip

Keep an eye on :
- ALV GY : Allianz Gets China Nod for Insurance Asset Management Company
- AMBUB DC : Ambu Offering Prices 4.96m Shares at DKK262/Share
- AZN LN : *ASTRAZENECA ADRS EDGE LOWER; STILL AT SUPPLY LOGGERHEAD WITH EU
- BKIA SM : Bankia 4Q Net Income Beats Estimates
- BMPS IM : Italy Races to Take $12 Billion of Risk Off Monte Paschi’s Books
- BMW GY : BMW Cash Flow Beats Estimates as Carmakers Sustain Recovery
- BUCN SW : Bucher FY Sales Meet Estimates
- ELIOR FP : Elior Group 1Q Revenue Misses Estimates
- EMMN SW : Emmi FY Sales CHF3.71B Vs. CHF3.49B Y/y
- ENX FP : Swiss Exchange SIX Eyes Acquisitions in Asia: NZZ
- G IM : Generali Rearranges Organizational Structure to Deliver on Plan
- GFS LN : Garda World Says Considering Options on G4S
- HANDI SS : Savaria Announces Cash Offer to Buy Handicare for SEK50.00/Shr
- INTRUM SS : Intrum FY Dividend Per Share Beats Estimates
- LEO GY : Leoni Prelim 4Q Free Cash Flow About EU126M
- MC FP : LVMH-Backed L Catterton Plans to Raise $250 Million in Asia SPAC
- NCCB SS : NCC 4Q Pretax Profit Misses Estimates
- NOKIA FH : Nokia Not Aware of Any Material Undisclosed Developments
- SAP GY : Qualtrics Is Said to Price IPO Above Range at About $30 a Share
- SGSN SW : SGS FY Adjusted Ebitda Beats Estimates
- SIOE BB : Sioen Family’s EU23/Share Offer for Sioen Runs Jan. 28 to Feb 18
- SRAIL SW : Stadler Rail Gains Amid Speculation Spuhler to Stay as CEO
- STM FP : STMicroelectronics 1Q Net Revenue Forecast Beats Estimates
- STM FP : STMicro Spends Heavily to Boost Output in Volatile Chip Market
- UHR SW : Swatch FY Operating Profit Misses Estimates
- FTI FP : TechnipFMC’s Energies Sees 5.5%-6% Ebit Margin in 2021
- FTI FP : *TECHNIP INTENDS TO PROCEED WITH TECHNIP ENERGIES SHARES LISTING
- TEL NO : Telenor’s Grameenphone 4Q Revenue NOK3.69B vs NOK3.89B Year Ago
- TODS IM : Tod's FY Sales Meet Estimates
- UCG IM : UniCredit Names Ex-UBS Dealmaker Andrea Orcel as Its Next CEO
- UPM FH : UPM Starts Basic Engineering Phase of Planned Biorefinery
- VIV FP : Vivendi Seeks Permission to Own 20% of Prisa: El Confidencial
- ZEAL DC : Zealand Pharma to Offer 4m Shrs

>>> US After Hours Summary: Some big names report earnings, most trade lower --

After Hours Summary: Some big names report earnings, most trade lower -- TSLA -3.9%, AAPL -3%, FB -0.4%, LEVI -6.9%, TER -5.8%, WHR -4.8%; ZYME -32% falls sharply on clinical trial update

After Hours Gainers:

Companies trading higher in after hours in reaction to earnings/guidance: EXTR +9.2% (sees in-line Q2, sees Q3 above consensus), SLM +8.8%, CALX +7.2% (also names new COO), ACIW +3.5%, NG +3.2%, PTC +3%, AZPN +2.4%, MEOH +2.3%, HOLX +2.1%, DRE +2%, XLNX +1.6%, NOW +1.4%, LSTR +1.3%, CVBF +1.1%, SYK +0.6%, RJF +0.5%, CLB +0.2%

Companies trading higher in after hours in reaction to news: BBW +13.7% (Build-A-Bear Radio announces two new shows), AGTC +11.5% (stock offering, also provides update on ongoing clinical trials in achromatopsia), AFG +8.3% ( to sell Annuity business to MassMutual for $3.5 bln in cash), ADPT +5.2% (new COO), LMNL +5.1% (provides update regarding strategy), AIRG +4% (announces nationwide availability of first AirgainConnect platform product), WERN +3.1% (announces the sale of its Werner Global Logistics unit), ACB +1.9% (enters into strategic agreement with MedReleaf Australia), ASO +1.9% (prices stock offering), PHAS +1.5% (presents data from Phase 1b/2a pilot study of pemziviptadil), SUNW +1.3% (files for $100 mln mixed securities shelf offering), BGNE +0.7% (reports "positive" top-line results for Phase 3 RATIONALE 302 trial of tislelizumab), CWT +0.2% (increases dividend), ACC +0.1% (announces board refreshment; enters into a cooperation agreement with Land & Buildings), PFE +0.1% (announces clinical trial collaboration)

After Hours Losers:

Companies trading lower in after hours in reaction to earnings/guidance: LEVI -6.9%, TER -5.8% (also authorizes $2 bln share repurchase program), MTH -5.5%, WHR -4.8%, TSLA -3.9%, AAPL -3%, EW -2.3%, CREE -2.1%, LVS -1%, CCI -0.6%, FB -0.4%, AVT -0.3%, LRCX -0.3%, AMP -0.1%, CP -0.1%, REZI -0.1%

Companies trading lower in after hours in reaction to news: ZYME -32% (provides update on Phase 1 clinical trial for ZW49), AXDX -12.2% (files for $150 mln mixed securities shelf offering), PWFL -11.4% (stock offering), RIO -1% (names new management team), LLY -0.8% (awarded $625 mln Army contract), CCI -0.6% (signs new long-term agreement with Verizon to support 5G), COLM -0.3% (names former Nike exec as Chief Digital Information Officer), INTC -0.2% (outgoing CEO R. Swan disclosed purchase of 27,244 shares), UTL -0.1% (increases dividend)