Early premarket gappers
- Gapping up:
- AT +46.7%, DBVT +33.2%, BB +22.4%, TUFN +18.2%, ACCD +12.4%, OII +10.9%, NBTX +8.6%, CLPT +8.5%, PRCH +8.1%, KDMN +7.2%, KALU +2.8%, TEVA +1.7%, TALO +1.5%, MNR +1.5%, GM +1.2%, VGR +1%, EGO +0.9%, CPA +0.9%, SAP +0.9%, DK +0.8%, TMO +0.8%, WOR +0.7%, CMG +0.6%, MNST +0.5%, ALRM +0.5%
- Gapping down:
- EAF -9.1%, FLNT -4.7%, LCI -3.1%, AMWL -2.8%, VLDR -2.3%, NKLA -2%, LOOP -1.8%, SLNO -1.4%, NXTC -0.8%, SPCE -0.8%, PRGS -0.5%
Samsung and LG are eyeing the micro battery market for wireless ear buds, as models evolve and demand for the devices grows. While EV batteries are their main business, the companies are also seeking to capture opportunities in the growing market for wireless listening devices batteries.
Two types of micro batteries are currently being used for wireless ear buds ― the cylindrical and coin cell, also known as button cells for its flat round form. The cylindrical battery has been used in Apple's AirPods models, but the electronics giant switched to the coin cell for its AirPods Pro model.
Electronic gadget makers are seen to be opting for coin cells because they allow for more diverse range of designs as opposed to the cylindrical type which typically fits into the stem of the headphones.
Samsung SDI is also using the coin cell battery for its Galaxy Buds models, including Galaxy Buds Plus and Galaxy Buds Live. The battery maker stated in July in a conference call on its performance for the second quarter that it started supplying its coin batteries in the latter half of the year and that it would expand supplies starting from 2021 after securing additional clients. Samsung is currently only producing locally.
A Samsung SDI official said "We are keenly observing the micro battery market for wireless hearables."
The market for coin cells for wireless headsets is led by the German battery maker Varta. Varta supplies cells for Apple AirPods and is also known to be the main supplier for Samsung's wireless headphones.
Samsung and Varta engaged in a skirmish last year over what the latter claimed was Samsung's violation of patents as it incorporated batteries of Chinese suppliers into its wireless headsets. Varta filed a suit against Samsung Electronics in Germany, but the German manufacturer dropped the suit in August. The two have signed a long-term contract for Varta to supply wireless headset batteries.
Battery makers are keeping a keen eye on the micro batteries market for wireless speaker devices as it looks set to grow. Analysts project the market for wireless earphone batteries will reach 1.2 billion cells in 2025, up 26 percent from 300 million in 2019.
LG Energy Solution in the meantime has only produced the cylindrical battery, which is known to have been used in AirPods 1 and 2. The battery maker is estimated to take up a large part of the share for cylindrical cells, but figures were not available.
Given wireless headset models continue to evolve and are increasingly switching to the coin cell, LG appears to be reviewing the production of this battery type.
"The coin cell business is currently under review," an LG Energy Solution official said.
>>> Up
* Alcon Raised to Hold at Bank Vontobel; PT 67 Swiss francs (+)
* Faurecia SE Raised to Overweight at Morgan Stanley; PT 48 euros
* Helical Raised to Overweight at JPMorgan; PT 485 pence
* Legrand PT Raised to 86 euros from 81 euros at Barclays (+)
* Mediolanum Raised to Buy at Goldman; PT 8.70 euros
* Melexis Raised to Buy at KBC Securities; PT 105 euros (+)
* Richemont Raised to Outperform at Exane; PT 97 Swiss francs
* Richemont Raised to Outperform at Exane; PT 97 Swiss francs
* Richemont Raised to Buy at HSBC; PT 94 Swiss francs
* Savills Raised to Add at Peel Hunt; PT 1,050 pence
* Schneider Electric PT Raised to 135 euros at Barclays (+)
* Schoeller-Bleckmann Raised to Accumulate at Erste Group
* UBS Raised to Buy at Berenberg; PT 15.50 Swiss francs
* X-Fab Silicon Foundries Raised to Buy at KBC Securities (+)
>>> Down
>>> Down
* ABB Cut to Equal-Weight at Barclays; PT 25 Swiss francs
* Akasol Cut to Hold at Stifel; PT 113 euros
* Autoliv Cut to Underweight at Morgan Stanley; PT $80
* Bodycote Cut to Sector Perform at RBC; PT 770 pence
* Boozt Cut to Hold at Danske Bank Markets; PT 192 kronor (+)
* Draegerwerk Cut to Hold at M.M. Warburg; PT 75 euros (+)
* Equinor Cut to Hold at SocGen
* Equinor Cut to Hold at SocGen
* FinecoBank Cut to Neutral at Goldman; PT 14.70 euros
* Galp Cut to Hold at SocGen
* Galp Cut to Hold at SocGen
* Heineken Cut to Hold at Berenberg; PT 91.50 euros
* Hella Cut to Underweight at Morgan Stanley; PT 42 euros
* Medicover Cut to Hold at Danske Bank Markets; PT 169 kronor (+)
* Reach Cut to Reduce at Peel Hunt; PT 180 pence
* Renault Cut to Neutral at Goldman; PT 38 euros
* Roche Cut to Hold at Deutsche Bank; PT 325 Swiss francs
* Shaftesbury Cut to Underweight at JPMorgan; PT 550 pence
* Shell Cut to Hold at SocGen
* UBS Raised to Buy at Berenberg as Premium Valuation Seen Merited
* Unicaja Cut to Underweight at Morgan Stanley; PT 70 euro cents
* Unite Group Cut to Neutral at JPMorgan; PT 950 pence
* Vesuvius Cut to Sector Perform at RBC; PT 550 pence
* Wood Cut to Equal-Weight at Barclays; PT 370 pence
* Yara Cut to Underperform at Credit Suisse; PT 350 kroner (+)
>>> Initiation
* 7C Solarparken Rated New Buy at Stifel; PT 6 euros
>>> Initiation
* 7C Solarparken Rated New Buy at Stifel; PT 6 euros
* Airbnb Reinstated Hold at Truist Secs; PT $154
* AstraZeneca Reinstated Buy at Deutsche Bank; PT 10,000 pence
* Atoss Software Rated New Buy at Berenberg; PT 200 euros
* Chaarat Gold Rated New Buy at Panmure Gordon; PT 52 pence
* Coca-Cola HBC Cut to Sell at SocGen; PT 2,140 pence (+)
* DoorDash Rated New Hold at Truist Secs; PT $190
>>> Call
* Glaxo Reinstated Hold at Deutsche Bank; PT 1,400 pence
* Novartis Reinstated Buy at Deutsche Bank; PT 100 Swiss francs
* Novo Nordisk Reinstated Buy at Deutsche Bank; PT 500 kroner
* Oerlikon Cut to Sector Perform at RBC; PT 9.30 Swiss francs
* Sanofi Reinstated Sell at Deutsche Bank; PT 70 euros
* Supermarket Income Rated New Buy at Peel Hunt; PT 125 pence
>>> Call
* Ashmore’s Update May Drive Upgrades, Valuation ‘Lofty’: Shore (+)
* Babcock Estimates Cut as Lockdowns to Hit Trading: Jefferies (+)
* DNB Stock ‘Susceptible’ to Downside Risks Short-Term, Citi Says
* European Beverage Sector Faces ‘New Normal’ From July: Berenberg
* Faurecia Raised at Morgan Stanley as ‘Underperformance Overdone’ (+)
* Meggitt ‘Acquitted Itself Well’ in FCF, Inventory: Jefferies (+)
* N Brown’s Update Shows ‘Constrained’ Performance: Shore (+)
* Partners Group AUM Figures a Beat, Pipeline Is Strong: Citi
* Remy Cointreau U.S. Tariff Risk May Be Overdone, Jefferies Says (+)
* Sandvik Estimates, Price Target Raised at Handelsbanken (+)
* Unicaja Cut at Morgan Stanley as Santander Remains Top Pick (+)
* Westwing Has Strong Base for Growth Going Forward, Citi Says (+)
- Glaxo (GS7 TH) +0.9%
- Enagas (EG4 TH) +0.8%
- Prosus (1TY TH) +0.8%
- SAP (SAP TH) +0.5%
- SAP Says Effect of Pandemic Likely to Weigh on 2021 Revenue
- SAP’s 4Q Reassuring, But Some Caution in Outlook, Analysts Say
- Investor AB (IVSB TH) +0.4%
-
BAT (BMT TH) +0.2%
- BAT Says U.K. SFO Discontinued Probe on Corruption Suspicions
- Vestas (VWS TH) -1.7%
- Voestalpine (VAS TH) -1.7%
- Deutsche Lufthansa (LHA TH) -1.8%
- Merkel Mulls Tougher German Lockdown Amid Coronavirus Mutation
- Carnival Plc (POH1 TH) -2.1%
- Scatec ASA (66T TH) -2.1%
- TUI (TUI1 TH) -2.6%
- BHP Group PLC (BIL TH) -2.6%
- Top Chile Court Rules Against BHP Over Smallest Copper Mine
- Renault (RNL TH) -3%
- Renault Cut to Neutral at Goldman; PT 38 euros
- IAG (INR TH) -3.3%
- Siemens Energy (ENR TH) -3.3%
- GE Accuses Siemens of Stealing Gas-Turbine Trade Secrets
DAX:
- SAP (SAP TH) +0.7%
- SAP Says Effect of Pandemic Likely to Weigh on 2021 Revenue
- SAP’s 4Q Reassuring, But Some Caution in Outlook, Analysts Say
- Deutsche Bank (DBK TH) -1.1%
- Commerzbank Flagged Shady Wirecard Dealings Before Implosion (2)
- Continental AG (CON TH) -1.1%
- AEye Is Said in Talks to Go Public Via Cantor Blank-Check Firm
- VW (VOW3 TH) -1.1%
- Audi to Curb Output on Semiconductor Shortage: Automobilwoche
- BASF (BAS TH) -1.1%
- Infineon (IFX TH) -1.7%
MDAX:
- Airbus (AIR TH) -1.6%
- Fraport (FRA TH) -1.8%
- Merkel Mulls Tougher German Lockdown as Deaths Set Daily Record
- Deutsche Lufthansa (LHA TH) -1.9%
- Hella (HLE TH) -2.4%
- Hella Cut to Underweight at Morgan Stanley; PT 42 euros
- Siemens Energy (ENR TH) -2.8%
- GE Sues Siemens Energy Over Alleged Stolen Trade Secrets: Rtrs
SDAX:
- Westwing (WEW TH) +2.6%
- Westwing Prelim 4Q Adjusted Ebitda High End Of EU37M to EU48M
- Corestate (CCAP TH) +0.6%
- Corestate to Buy Aggregate Financial Services for EU113M
- Global Fashion Group (GFG TH) -1.3%
- 1&1 Drillisch (DRI TH) -1.4%
- Borussia Dortmund (BVB TH) -2%
- Amadeus Fire (AAD TH) -2.1%
- ElringKlinger (ZIL2 TH) -2.7%
U.S. equity futures and Treasury yields retreated Friday along with Asian stocks as investors scrutinized President-elect Joe Biden’s much-anticipated $1.9 trillion Covid-19 relief plan.
With few surprises to catch investors off guard, attention turned to how much of the package will ultimately get passed by Congress and a reminder that he is looking to raise some taxes. Biden’s proposal includes a wave of new spending, more direct payments to households, an expansion of jobless benefits and an enlargement of vaccinations and virus-testing programs.
S&P 500 futures slipped and South Korean shares underperformed in Asia, though Australian stocks ticked higher. Xiaomi Corp. tumbled after the Trump administration blacklisted the Chinese smartphone manufacturer for its military links, along with China National Offshore Oil Corp.
Elsewhere, Federal Reserve Chairman Jerome Powell said policy makers won’t raise interest rates unless they see troubling signs of inflation. Oil rose to a new 10-month high in New York on the stimulus hopes. Bitcoin traded around $39,000 as it continued to recover from this week’s rapid plunge.
US After Hours Biden unveiling $1.9 trillion stimulus plan is the key headline after hours; encouraging to see SAP +2.7% guide Q4 revs above consensus; TUFN +20.1% jumps on bullish guidance
Nikkei -0.63% Hang Seng -0.07% CSI +0.07% Shanghai +0.15% Shenzen +0.36%
Eur$ 1.2141 CNH 6.4659 CNY 6.46 JPY 103.77 GBP 1.3672 CHF 0.8892 RUB 73.4258 TRY 7.3714 WTI$ 53 -1.06%
S&P -0.54% Nasdaq -0.54% EuroStoxx -0.69% FTSE -0.44% Dax -0.69% SMI
Macro :
Macro :
- U.S. Investors Need to Sell $12 Billion of Chinese Shares: MS
- Italy’s Embattled Conte Doubles Down on Bid for More Crisis Debt
Keep an eye on :
- AED BB : Aedifica Buys Three U.K. Care Homes for GBP40m at Yield of 5.5%
- Italy’s Embattled Conte Doubles Down on Bid for More Crisis Debt
- EU May Secure 50 Million More Moderna Vaccine Doses at a Premium
- London Fund Managers See Post-EU Threat to $2 Trillion Business
- U.K. Aims to Vaccinate all People Over 50 by March-End: Times
- Point72 to Expand With Florida Offices as Managers Head South
Keep an eye on :
- AED BB : Aedifica Buys Three U.K. Care Homes for GBP40m at Yield of 5.5%
- ASML NA : TSMC’s $28 Billion Spending Blitz Ignites a Global Chip Rally
- BMW GY : BMW Pulls Plug on Car-Subscription Pilot in Nashville
- EN FP : Bouygues Telecom Reveals 2026 Strategic Plan, Bouygues Telecom Sees Ebitda After Leases Around EU2.5B in 2026
- BWO NO : BW Offshore Says Tw9 JPY 103.78 GBP 1.3672 CHF 0.88952o Workers Died at Offshore Field
- CA FP : French Government Buys Room For Maneuver on Carrefour Deal
- CA FP :
- CASS IM : Cattolica Discloses Details of Governance Criticism by Regulator
- CLASS SS : Clas Ohlson Dec. Sales -14%
- CLG LN : Clipper Logistics Holder Steve Parkin to Offer 11m Shrs
- CBK KGY : Commerzbank Flagged Shady Wirecard Dealings Before Implosion
- CCAP GY : Corestate to Buy Aggregate Financial Services for EU113M
- DBV FP : DBV Technologies Proposes Resolutions to Main FDA Concerns
- SMDS LN : DS Smith Holder to Sell 26.1m Shares in Offering, priced @ 390p/share
- EAF US : GrafTech Prelim. 2020 Net Sales $1.21b-$1.23b, Est. $1.18b
- EDP PL : Three Gorges Completes Sale of 2.5% Stake in EDP at EU5.34/Shr
- HFG LN : Hilton Food Group Holder to Sell 8.1m Shares: Terms
- EDP PL : Three Gorges Completes Sale of 2.5% Stake in EDP at EU5.34/Shr
- ENT LN : Entain in Talks to Name Jette Nygaard-Andersen as CEO: Sky
- EQT SS : EQT Seeks IPO or Sale for Spain’s Igenomix: Cinco Dias
- IFCN SW : Inficon Prelim FY Sales About $398M, Est. $381.3M
- IPN FP : Ipsen: Dysport Phase 3 Trial Shows Long Duration of Response
- ISP IM : Intesa Agrees on 7,200 Job Exits, to Hire 3,500 New Staff
- PGHN SW : Partners Group Sees 2021 Gross Client Demand $16b to $20b- PFC LN : Ex-Petrofac Executive Pleads Guilty to 3 Further Offences: SFO
- SAP GY : SAP Sees 2021 Non-IFRS Cloud/Software Rev. EU23.3B to EU23.8B
- SAP GY : SAP Says Effect of Pandemic Likely to Weigh on 2021 Revenue
- ENR GY : GE Sues Siemens Energy Over Alleged Stolen Trade Secrets: Rtrs
- UNIR IM : Unieuro Holder Dixons Carphone to Offer 1.44m Shares via Citi
- FR FP : Valeo SA: 2H20 Prelim Ebitda Margin Is More Than 13.5% of Sales