Early premarket gappers
- Gapping up:
- GNMK +78.7%, CRWD +24.3%, SDC +12.5%, BBBY +10.3%, IHG +9.9%, BA +9.6%, OSUR +8.2%, CCL +6.9%, XLK +6%, TSLA +5.8%, XLE +5.4%, QQQ +4.7%, KSS +4.7%, IWM +4.3%, NDLS +4.2%, SCHL +3.9%, CUK +3.8%, XLF +3.3%, SYY +3.3%, SPY +3.1%, JNJ +2.5%, MO +2.4%, IBB +1.9%, HIBB +1.5%
- Gapping down:
- APRN -11.2%, YELP -3.6%, HA -3.1%, OLLI -2.8%, XLB -2%, CTAS -2%, XLU -1.8%, XLV -1.6%, XLP -0.7%
Migrants Riot At German Refugee Camp, Display ISIS Flags Over COVID-19 Quarantine
Migrants housed at a refugee camp in Germany began rioting, displayed the ISIS flag and subsequently tried to escape after they were put under a coronavirus quarantine.
After a migrant tested positive for coronavirus at the facility in Suhl, Thuringia, a quarantine was ordered for the other 533 residents and the camp was sealed off.
“But the measure, which in times of Corona seems not at all unusual, apparently drove the asylum seekers to a fury,” reports Compact Online.“Some of them started rioting and prevented inmates from entering the dining hall in order to force a hunger strike. They are said to have tried to leave the facility through the sewers to get to the nearby town.”
According to police spokesman Wolfgang Nicola, the migrants then gathered at the front gate and began threatening to burn down the facility while displaying ISIS flags.
Why they even have possession of ISIS flags in the first place is shocking.
50 police officers were dispatched to the scene to quell the riots. The same migrant camp was also the scene of riots back in 2015 in response to a man tearing pages out of the Koran.
“The danger that Corona will also break out in other shelters is omnipresent, a further restriction of public life is to be expected,” states the report.
“It is hard to imagine that the capacities of the security forces and medical staff are sufficient to keep at bay angry illegal immigrants who do not want to comply with the protective measures against the spread of COVID-19.”
“If the Wuhan virus leads to major social unrest in Germany, the country’s multitudinous “refugees” are likely to play a major role,” warns Dave Blount.
As we highlighted yesterday, migrants in Naples, Italy are completely ignoring the quarantine order to stay indoors and are roaming around the streets.
* * *
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>>> Up
* 1&1 Drillisch Raised to Neutral at Redburn (+)
* Abcam PT to 1,450 pence from 1,330 pence at Berenberg
* Adevinta Raised to Buy at Danske Bank Markets; PT 95 kroner (+)
* Airbus Raised to Buy at Jefferies; PT 80 euros
* Aker Solutions Raised to Overweight at Barclays; PT 11 kroner
* Alm Brand Raise d to Buy at Danske Bank Markets; PT 57 kroner (+)
* Amadeus Raised to Outperform at BBVA; PT 56 euros
* Anglo American Raised to Hold at Liberum; PT 1,400 pence (+)
* Arkema Raised to Buy at HSBC; PT 86 euros
* Atrium Ljungberg Raised to Hold at SEB Equities; PT 150 kronor
* BHP Group PLC Raised to Overweight at JPMorgan; PT 1,830 pence
* Boeing Raised to Hold at Nord/LB; PT $95
* Boliden Raised to Buy at Deutsche Bank; PT 220 kronor
* Bravida Raised to Buy at SEB Equities; PT 70 kronor
* Cellnex PT Raised to 50 euros from 40 euros at Jefferies
* Centamin Raised to Buy at Peel Hunt; PT 145 pence
* CML Microsystems Raised to Buy at Stifel; PT 290 pence (+)
* DSV Panalpina Raised to Buy at ABG; PT 625 kroner
* Enel Raised to Buy at Oddo BHF; PT 7 euros (+)
* Enel Raised to Buy at Banca Akros (ESN); PT 8.60 euros (+)
* Fraport Raised to Hold at Commerzbank; PT 40 euros
* Fuchs Petrolub Raised to Buy at Berenberg; PT 38 euros
* Grand City Properties Raised to Buy at Hauck & Aufhaeuser 9+)
* Inditex Raised to Neutral at Credit Suisse; PT 22 euros (+)
* Instalco AB Raised to Buy at SEB Equities; PT 120 kronor
* Kesko Oyj Raised to Hold at Danske Bank Markets; PT 53 euros (+)
* Kone Oyj Raised to Buy at SocGen; PT 54 euros
* KPN Raised to Buy at Redburn (+)
* Lassila & Tikanoja Oyj Raised to Buy at SEB Equities
* Legrand Raised to Buy at SocGen; PT 63 euros
* Nemetschek Raised to Overweight at Morgan Stanley; PT 49 euros
* Netcompany Raised to Hold at ABG; PT 251 kroner (+)
* Next Raised to Buy at SocGen; PT 4,610 pence (+)
* Nibe Raised to Hold at Pareto Securities; PT 120 kronor
* Orange Raised to Buy at Goldman; PT 17 euros
* Pets at Home Raised to Buy at Berenberg
* Prosus Raised to Buy at Jefferies; PT 64 euros
* Puma Raised to Buy at M.M. Warburg; PT 64 euros (+)
* Rheinmetall Raised to Buy at Deutsche Bank; PT 80 euros
* Ryanair Raised to Buy at Commerzbank; PT 10.25 euros
* SAP Raised to Overweight at Morgan Stanley; PT 114 euros
* SkiStar Raised to Buy at Handelsbanken; PT 91 kronor
* Total Raised to Overweight at Morgan Stanley; PT 27.50 euros
* UDG Raised to Outperform at RBC; PT 730 pence
* Unibail Raised to Outperform at RBC; PT 88 euros
* Unilever Raised to Buy at DZ Bank; PT 49 euros (+)
* United Internet Raised to Neutral at Redburn (+)
* Vestas Raised to Buy at SocGen; PT 640 kroner
* Vestas Raised to Buy at Handelsbanken; PT 600 kroner
* Worldline Raised to Overweight at Barclays; PT 50 euros
* Wood Raised to Overweight at Barclays; PT 250 pence
* X5 Retail GDRs Raised to Hold at Renaissance Capital; PT $25
>>> Down
* Air France-KLM Cut to Reduce at Commerzbank; PT 3.50 euros
* Ahlstrom-Munksjo Cut to Hold at Danske Bank Markets; PT 9 euros 9=)
* Atresmedia Cut to Underweight at JPMorgan; PT 2.71 euros (+)
* BP Cut to Equal-Weight at Morgan Stanley; PT 245 pence
* Bunzl Cut to Underperform at Credit Suisse; PT 1,195 pence (+)
* Delignit Cut to Reduce at Commerzbank; PT 3.80 euros
* DSM Cut to Reduce at AlphaValue
* Elior Group PT Cut to 7.60 euros from 15 euros at Deutsche Bank (+)
* FirstGroup Cut to Neutral at JPMorgan; PT 60 pence
* Hexagon Cut to Underweight at Morgan Stanley; PT 495 kronor
* Hunting Cut to Underweight at Barclays; PT 260 pence
* KAZ Minerals Cut to Hold at Deutsche Bank; PT 410 pence
* Leoni Cut to Hold at HSBC; PT 8 euros
* Lufthansa Cut to Reduce at Commerzbank; PT 6.50 euros
* M6 Cut to Neutral at JPMorgan; PT 12.27 euros (+)
* Smart Metering Cut to Equal-Weight at Barclays; PT 640 pence
* Tenaris Cut to Equal-Weight at Barclays; PT 5.50 euros
* TF1 Cut to Neutral at JPMorgan; PT 6.05 euros (+)
* TUI Cut to Hold at HSBC; PT 350 pence
* Zalando Cut to Hold at Quirin Privatbank AG; PT 30 euros
>>> Initiation
* Calisen Rated New Overweight at Barclays; PT 204 pence
* Cerillion Rated New Buy at Liberum; PT 225 pence
>>> Call
* Casino Leader Price Sale Seems to Come at Good Price: Kepler (+)
* DiaSorin Virus Test to Cut Down Logistics Time, Kempen Says
* Europe Mall Owners at Attractive Discounts Relative to Risk: RBC
* European Oil Majors May Cut Dividends by 40%-50%: Morgan Stanley
* *EUROPE MEDIA & INTERNET RAISED TO ATTRACTIVE: MORGAN STANLEY
* Fuchs Raised to Buy as 2020 to Mark Earnings Trough: Berenberg
* Governments Should Buy Aircraft from Airbus, Jefferies Says
* Prosus a European Play on Tencent’s Post-Virus Upside: Jefferies
* Steel Sector 2020 Disruption Already in Share Prices, Citi Says
-
Osram (OSR TH) +26%
- AMS Says Offer for Osram to Close in 2Q; Rights Issue Proceeding
-
BP (BPE5 TH) +12%
- Watch Oil Stocks After Trump Wades Into Crude Price War (1)
- Ryanair (RY4C TH) +10%
- Ryanair Raised to Buy at Commerzbank; PT 10.25 euros
- Fraport (FRA TH) +10%
- Fraport Raised to Hold at Commerzbank; PT 40 euros
- OMV (OMV TH) +9.6%
- Watch Oil Stocks After Trump Wades Into Crude Price War (1)
-
Total (TOTB TH) +7.7%
- Total Cuts Capital Investments and Halts Buybacks as Oil Slumps
- Aviva (GU8 TH) +7.6%
-
Vestas (VWS TH) +7.4%
- Vestas Raised to Buy at Handelsbanken; PT 600 kroner
-
Shell (R6C TH) +7.3%
- Watch Oil Stocks After Trump Wades Into Crude Price War (1)
- Rio Tinto (RIO1 TH) +7.1%
DAX:
- Wirecard (WDI TH) +5.1%
- Bayer (BAYN TH) +5.1%
- Deutsche Bank (DBK TH) +5.1%
- *DEUTSCHE BANK NOMINATES DEUTSCHE BOERSE CEO WEIMER TO BOARD
- VW (VOW3 TH) +4.6%
- Infineon (IFX TH) +4.5%
- E.On (EOAN TH) +3.1%
- Adidas (ADS TH) +2.8%
- RWE (RWE TH) +2.5%
- Merck KGaA (MRK TH) +2.3%
- Linde (LIN TH) +2%
MDAX:
- Osram (OSR TH) +26%
- AMS Says Offer for Osram to Close in 2Q; Rights Issue Proceeding
- Fraport (FRA TH) +12%
- Fraport Raised to Hold at Commerzbank; PT 40 euros
- Rheinmetall (RHM TH) +9.7%
- Rheinmetall Raised to Buy at Deutsche Bank; PT 80 euros
- Deutsche PBB (PBB TH) +7.9%
- Siemens Healthineers (SHL TH) +6.6%
SDAX:
- Encavis (CAP TH) +20%
- Encavis Full Year Dividend Per Share Matches Estimates
- LPKF (LPK TH) +10%
- Deutsche Euroshop (DEQ TH) +10%
- DIC Asset (DIC TH) +9.9%
- Corestate (CCAP TH) +9.3%
- HelloFresh (HFG TH) +2.4%
- Blue Apron Is Seeing ‘Sharp Increase’ in Meal-Kit Demand (1)
- SGL (SGL TH) +1.8%
- Salzgitter (SZG TH) +1.7%
- Steel Sector 2020 Disruption Already in Share Prices, Citi Says
- Heidelberger Druck (HDD TH) +1.5%
- Kloeckner (KCO TH) +1.3%
>>> Up
* Abcam PT Raised to 1,450 pence from 1,330 pence at Berenberg
* Airbus Raised to Buy at Jefferies; PT 80 euros
* Aker Solutions Raised to Overweight at Barclays; PT 11 kroner
* Amadeus Raised to Outperform at BBVA; PT 56 euros
* Arkema Raised to Buy at HSBC; PT 86 euros
* Atrium Ljungberg Raised to Hold at SEB Equities; PT 150 kronor
* BHP Group PLC Raised to Overweight at JPMorgan; PT 1,830 pence
* Boeing Raised to Hold at Nord/LB; PT $95
* Boliden Raised to Buy at Deutsche Bank; PT 220 kronor
* Bravida Raised to Buy at SEB Equities; PT 70 kronor
* Cellnex PT Raised to 50 euros from 40 euros at Jefferies
* Centamin Raised to Buy at Peel Hunt; PT 145 pence
* DSV Panalpina Raised to Buy at ABG; PT 625 kroner
* Fraport Raised to Hold at Commerzbank; PT 40 euros
* Fuchs Petrolub Raised to Buy at Berenberg; PT 38 euros
* Instalco AB Raised to Buy at SEB Equities; PT 120 kronor
* Kone Oyj Raised to Buy at SocGen; PT 54 euros
* Lassila & Tikanoja Oyj Raised to Buy at SEB Equities
* Legrand Raised to Buy at SocGen; PT 63 euros
* Nemetschek Raised to Overweight at Morgan Stanley; PT 49 euros
* Netcompany Raised to Hold at ABG; PT 251 kroner
* Orange Raised to Buy at Goldman; PT 17 euros
* Pets at Home Raised to Buy at Berenberg
* Prosus Raised to Buy at Jefferies; PT 64 euros
* Rheinmetall Raised to Buy at Deutsche Bank; PT 80 euros
* Ryanair Raised to Buy at Commerzbank; PT 10.25 euros
* SAP Raised to Overweight at Morgan Stanley; PT 114 euros
* SkiStar Raised to Buy at Handelsbanken; PT 91 kronor
* Total Raised to Overweight at Morgan Stanley; PT 27.50 euros
* UDG Raised to Outperform at RBC; PT 730 pence
* Unibail Raised to Outperform at RBC; PT 88 euros
* Vestas Raised to Buy at SocGen; PT 640 kroner
* Vestas Raised to Buy at Handelsbanken; PT 600 kroner
* Worldline Raised to Overweight at Barclays; PT 50 euros
* Wood Raised to Overweight at Barclays; PT 250 pence
* X5 Retail GDRs Raised to Hold at Renaissance Capital; PT $25
>>> Down
* Air France-KLM Cut to Reduce at Commerzbank; PT 3.50 euros
* BP Cut to Equal-Weight at Morgan Stanley; PT 245 pence
* Delignit Cut to Reduce at Commerzbank; PT 3.80 euros
* DSM Cut to Reduce at AlphaValue
* FirstGroup Cut to Neutral at JPMorgan; PT 60 pence
* Hexagon Cut to Underweight at Morgan Stanley; PT 495 kronor
* Hunting Cut to Underweight at Barclays; PT 260 pence
* KAZ Minerals Cut to Hold at Deutsche Bank; PT 410 pence
* Leoni Cut to Hold at HSBC; PT 8 euros
* Lufthansa Cut to Reduce at Commerzbank; PT 6.50 euros
* Smart Metering Cut to Equal-Weight at Barclays; PT 640 pence
* Tenaris Cut to Equal-Weight at Barclays; PT 5.50 euros
* TUI Cut to Hold at HSBC; PT 350 pence
* Zalando Cut to Hold at Quirin Privatbank AG; PT 30 euros
>>> Initiation
* Calisen Rated New Overweight at Barclays; PT 204 pence
* Cerillion Rated New Buy at Liberum; PT 225 pence
>>> Call
* Europe Mall Owners at Attractive Discounts Relative to Risk: RBC
* European Oil Majors May Cut Dividends by 40%-50%: Morgan Stanley
* *EUROPE MEDIA & INTERNET RAISED TO ATTRACTIVE: MORGAN STANLEY
* Governments Should Buy Aircraft from Airbus, Jefferies Says
* Prosus a European Play on Tencent’s Post-Virus Upside: Jefferies
* Steel Sector 2020 Disruption Already in Share Prices, Citi Says
Asian stocks and U.S. futures gained and the dollar halted an eight-day rally as investors took stock of an unprecedented rush of global stimulus measures.
European futures also climbed amid tentative signs of returning appetite for riskier assets. Gains in South Korea’s equity market topped 7% and shares in Hong Kong climbed over 4%, though a strong advance in Australia fizzled out. China’s yuan rose after the central bank set the daily reference rate slightly stronger than anticipated, though still the weakest in 12 years. Treasury futures ticked higher.
US After Hours CRWD +20.4% up big on earnings; OLLI -7.4% weak on earnings, SDC +12.2% (opens its manufacturing facility to partner with medical supply companies), NDLS +4.2% (expands delivery options; offers free delivery through March), CCL +1.1% (furnishes Q1 summary in connection with previously disclosed financing activities), OLLI -7.4%, KSS -3.4% (withdraws guidance and temporarily suspends share repurchases
Nikkei -1.04% Hang Seng +3% CSI +0.80% Shanghai +0.73% Shenzen +0.38%
Eur$ 1.0750 CNH 7.1005 CNY 7..0795 JPY 109.99 GBP 1.1651 CHF 0.9788 RUB 78.3530 WTI$ 26.08 +3.41%
S&P +2.11% Nasdaq +2.88% EuroStoxx +3.83% FTSE +2.99% Dax +4.05% SMI +4.14%
Macro :
- JPMorgan’s Kolanovic Sees Equity Flows Tilting in Favor of Bulls
- Lagarde: Fully Prepared to Boost QE, Adjust Composition
- Distressed Debt in U.S. Doubles to $500 Billion in Two Weeks
- Investors Pull Record $35.6 Billion From Investment-Grade Debt
- Italy Is Now World’s Deadliest Hotspot in the Virus Pandemic
- Oil Has Best Day Ever After Trump Hints at Role in Price War
- Israel’s Netanyahu Orders Near Total Lockdown Over Coronavirus
Keep an eye on :
- AIR FP : Governments Should Buy Aircraft from Airbus, Jefferies Says
- AFP SW : Aluflexpack Maintains 2020 Sales EU220 Mln To EU230 Mln
- AMS SW : AMS Says Offer for Osram to Close in 2Q; Rights Issue Proceeding
- IAG LN : British Airways Pilots To Get 50% Pay Cut in Next Two Months: FT
- BT/A LN : BT to Sell Some Domestic Ops in Latin America to CIH, No Terms
- CAP GY : Encavis Full Year Dividend Per Share Matches Estimates
- CO FP : Casino Sells Warehouses, Stores to Aldi France for EV of EU735m
- CCL LN : Carnival Prelim First Quarter Adjusted EPS Beats Estimates
- CMCX LN : CMC Markets Sees Earnings Ahead of Market Consensus
- DSY FP : Dassault Systemes Board Decided to Propose Div of EU0.70/Shr
- DIA IM : DiaSorin Says COVID-19 Test Got FDA Emergency Use Authorization
- ENEL IM : Enel FY Total Dividend EU0.328 Per Share, Up 17%
- FDJ FP : FDJ Sees Coronavirus Hit to Lottery, Sports Betting Rev., Ebitda
- FIE GY : Fielmann to Close Stores in Germany and Switzerland
- FHZN SW : Flughafen Zurich Introduces Short-Time Work, Cost Cutting
- FUTR LN : Future PLC Sees Earnings in Line With Expectations
- GAM SW : *T. ROWE VOTING RIGHTS IN GAM FALL TO 2.95% FROM 4.96%: SIX
- GMM GY : Grammer to Curb Output in Europe as Carmakers Idle Production
- HLAG GY : Hapag-Lloyd 2020 Ebitda Forecast Midpoint 1.6% Above Estimates
- HBM GY : Hornbach Holding Prelim. FY Sales Beat Estimates (March 19)
- IMCD NA : IMCD Increases and Extends Revolving Credit Facility
- INRN SW : Interroll Full Year Ebitda 1.0% Below Estimates
- IPCO SS : International Petroleum to Stop Steaming Well at Blackrod Pilot
- ITX SM : Inditex Readies Plan to Suspend up to 37,000 Staff: Vanguardia
- ISP IM : Intesa Changes Terms of Deal With BPER in UBI Takeover BId
- MC FP : LVMH Is Said to Consider Buying Tiffany Shares on Open Market
- MBB GY : MBB SE: German Panel Determines 2017 Financials Are Incorrect
- NAS NO : Norway Puts $537 Million on Table for Struggling Airlines
- NN NA : NN Group Says Solvency II Ratio Is Estimated at About 210%
- NBA PL : Novabase Agrees to Sell Collab Unit to Netadmin For EU6m
- NHY NO : Hydro Reducing or Halting Output at Some Sites Due Demand Drop
- OSR GY : AMS Says Offer for Osram to Close in 2Q; Rights Issue Proceeding
- ROTH FP : Rothschild Was Asked to Advise U.K. Govt on Airline Rescue: Sky
- RBREW DC : Royal Unibrew Suspends 2020 Outlook and Share Buyback Program
- SAX GY : Stroeer Doesn’t Expect to Achieve Guidance Made Before Virus
- SEM AV : Semperit Full Year Ebitda Misses Lowest Estimate
- SIE GY : Siemens Names Roland Busch as President and CEO
- SiLMA FH : Silmaasema Says it Expects Coronavirus to Weaken Outlook
- SKFB SS : SKF Throws in 2020 Earnings Towel on Coronavirus Spread: React
- SLIGR NA : Sligro Sees FY Ebitda Between Break-Even and Slightly Positive
- SOI FP : Soitec Oceane 2023 Bondholders Back Partial Assets Contribution
- SWEDA SS : Swedbank's $386 Million Fine Exposes Tight Capital Buffer: React
- TIF US : LVMH Is Said to Consider Buying Tiffany Shares on Open Market
- FP FP : Total Plans to Cut Investments by $3.3b This Year
- TUI LN : TUI to Cut Staff Hours and Wages as Flights Grounded: FT
- UCB BB : UCB Still Expects Ra Pharma Deal to Close by the End of Month
- VOLVB SS : Volvo Withdraws Proposal of Extra Dividend Due to Coronavirus
After Hours Summary: CRWD +20.4% up big on earnings; OLLI -7.4% weak on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: CRWD +20.4%
Companies trading higher in after hours in reaction to news: SDC +12.2% (opens its manufacturing facility to partner with medical supply companies), NDLS +4.2% (expands delivery options; offers free delivery through March), CCL +1.1% (furnishes Q1 summary in connection with previously disclosed financing activities), CUK +0.3% (furnishes Q1 summary in connection with previously disclosed financing activities)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: OLLI -7.4%, KSS -3.4% (withdraws guidance and temporarily suspends share repurchases; confirms temporary closure of stores nationwide), CTAS -1.9%, YELP -1.3% (withdraws guidance due to coronavirus), DIN -0.9% (withdraws guidance due to coronavirus), TXRH -0.2% (withdraws guidance due to coronavirus)
Companies trading lower in after hours in reaction to news: GME -5.2% (Kotaku reports that co has told stores to stay open even in lockdowns as it's "essential retail"), MO -4.7% (temporarily suspends operations at Richmond manufacturing center after second employee tests positive for COVID-19), TSLA -4.1% (temporarily suspends production at Fremont and NY facilities; says it believes it has sufficient liquidity), APRN -3.8% (has seen "sharp increase in consumer demand" over the last week; details plans to increase capacity), BA -2.4% (Nikki Haley resigns from Board, also CNBC reports some lawmakers feel BA was reckless), BBBY -2% (will temporarily close over 50% of its stores), JNJ -0.3% (says its supply chain is currently holding steady and meeting patient needs), HLF -0.1% (reprices term loan facility, extends maturity date)