>>> US Early Pre-Market Gappers

Early Pre-Market Gappers

  • Gapping Up:
    • LCI +18.51%, HQY +14.08%, RAPT +8.22%, DGAZ +7.74%, TTM +7.68%, GPRO +7.51%, DRD +6.74%, XXII +5.00%, IBN +4.36%, INMD +4.34%, SOXL +3.88%, UWT +3.78%, MCHP +3.41%, NTES +3.05%, AXSM +3.05%, VSTM +2.82%, ROKU +2.58%, UCO +2.49%, TIGO +2.38%, ETFC +2.21%, SOI +2.09%, NIO +2.08%, GFI +1.76%, TNA +1.76%, CLVS +1.71%, PRGO +1.61%, TQQQ +1.60%, MU +1.61%, LIN +1.56%
  • Gapping Down:
    • VRAY -14.41%, RVNC -10.72%, CNNE -8.52%, ADMS -7.68%, IMMU -7.63%, UGAZ -7.48%, RLMD -7.14%, ARWR -6.86%, TVIX -6.67%, UVXY -5.11%, ORAN -4.87%, ZS -3.88%, DT -3.81%, WDAY -3.75%, DWT -3.69%, VYGR -3.63%, VXX -3.37%, UNG -2.25%, DHR -1.75%, SQQQ -1.58%, JNUG -1.55%

>>> US and China said to be moving closer to a Phase 1 trade agreement despite r

US and China said to be moving closer to a Phase 1 trade agreement despite recent rhetoric over Hong Kong and Xinjiang tensions; US expects Phase 1 deal to be completed before Dec 15 - press - US negotiators reportedly expect a Phase 1 deal with China to be completed before US tariffs are set to rise on Dec 15
- Recent comments by President Trump are not indicative of current discussions andnot be viewed that negotiations are stalling

>>> Europe : Brokers Upgrades & Downgrades - 4th of December 2019 V2 (+)

>>> Up
* Akzo Nobel Raised to Overweight at Morgan Stanley; PT 105 euros
* Arkema Raised to Overweight at Morgan Stanley; PT 110 euros
* Atlantia Raised to Overweight at JPMorgan; PT 25 euros
* Axa Raised to Overweight at Barclays; PT 29 euros
* Bellway Raised to Buy at Goodbody; PT 4,200 pence
* Berkeley Raised to Hold at Goodbody; PT 4,510 pence
* Kainos Raised to Buy at Investec; PT 750 pence (+)
* Ubisoft Raised to Overweight at Morgan Stanley; PT 80 euros
* Zurich Ins. Raised to Overweight at Barclays

>>> Down
* Allianz Cut to Equal-Weight at Barclays; PT 232 euros
* Aviva Cut to Equal-Weight at Barclays; PT 461 pence
* EQT Cut to Hold at SEB Equities; PT 114 kronor
* Mapfre Cut to Reduce at AlphaValue
* Moneysupermarket Cut to Underperform at RBC
* Securitas Cut to Sell at Deutsche Bank; PT 140 kronor
* Segro Cut to Underperform at RBC; PT 725 pence
* UniCredit Cut to Accumulate at Banca Akros (ESN) (+)

>>> Initiation
* Boliden Rated New Outperform at RBC; PT 305 kronor
* Eni Rated New Outperform at MainFirst; PT 17 euros
* Shell Rated New Outperform at MainFirst; PT 2,644.17 pence
* Total Rated New Outperform at MainFirst; PT 61 euros

>>> Call
* Arkema Growth Pipeline Is Underappreciated, Morgan Stanley Says
* Carrefour Hypers Had 2018 Loss But Valuation Attractive: Kepler
* Moneysupermarket Rating Cut, GoCo Preferred on Innovation: RBC
* Securitas Margins Under Pressure, Downgraded at Deutsche Bank (+)
* Ubisoft Upgraded; Morgan Stanley Sees Limited Valuation Downside

>>> What to look at today - 4th of December 2019

The risk-off tone that’s engulfed global markets continued Wednesday as Asian stocks slid on heightened uncertainty over this month’s upcoming tariff deadline. U.S. and European futures steadied, while Treasury yields held on to Tuesday’s decline.
Australia and Hong Kong bore the brunt of the losses, which were more modest in South Korea, China and Japan. S&P 500 futures were little changed after the underlying gauge fell for a third day as the Trump administration downplayed the urgency of signing a trade deal. Also hampering sentiment was a vote in the U.S. House to sanction Chinese officials for human rights abuses, which Beijing threatened to retaliate against. European futures ticked higher.
US After Hours HQY +13%, MRVL +3%, MCHP +2.4% are higher, while ZS -5%, WDAY -3%, CRM -2% are lower following earnings/guidance

Nikkei -1.05% Hang Seng -1.18% CSI -0.03% Shanghai -0.23% Shenzen +0.20%

Eur$ 1.1076 CNH 7.0759 CNY 7.0683 JPY 108.46 GBP 1.2988 CHF 0.9865 RUB 64.2343 TRY 5.7507 WTI $ 56.43 +0.59%

S&P -0.15% EuroStoxx +0.19% FTSE -0.08% Dax +0.14% SMI +0.10%

Macro :
- OPEC+ Sends Mixed Signals About Deeper Output Cuts Before Talks
- Euro Credit Rush to Only Cool Modestly in 2020 After Record Year

Keep an eye on :
- AD NA : Ahold Delhaize Announces EU1b Share Buyback for 2020
- AIR FP : United Airlines Reports Order to Buy 50 Airbus A321XLR Aircraft
- AF FP : Air France to Cancel Flights on Dec. 5 Due to Strike, AFP Says
- ALV GY : Pimco’s Flagship Hedge Fund Lost Over 14% in 2019: Bus. Insider
- AMS SW : *AMS: NEW OSRAM OFFER ACCEPTED FOR 11.89% OF SHARES PER DEC. 3
- APR FP : French Insurer April Sells Travel Insurance Unit to Managers
- ATL IM : Atlantia Cut to Junk by Moody's
- ATL IM : Atlantia Still Open to Contribute to Alitalia Turnaround Plan
- BEFB BB : Befimmo Offering Prices 1.27m Shares at EU54.50/Share
- BETCO SS : Better Collective 4m Share Offering Prices at SEK78 Per Share
- COK GY : Cancom to Offer Up to 3.5m Shrs
- CLNX SM : Cellnex to Acquire 1,500 Towers in Spain From Orange
- CLASB SS : Clas Ohlson 2Q Adjusted Operating Profit Just Below Estimate|
- DAI GY : Daimler Nov. U.S. Auto Sales +13.3% Vs. -3.70% Y/y
- DAI GY : Mercedes Beats BMW in November, Tightening U.S. Luxury-Car Race
- ELIOR FP : Elior FY Ebita Margin 3.6%, Targets 2020 Organic Revenue Gain 2%
- FINGB SS : Fingerprint Cards in Payment Cards Collaboration With Valid
- GAM SW : GAM Says It Disagrees With SIX, Stands by Financial Statements
- IKA LN : Ilika Sees Earnings in Line With Expectations
- ILD FP : Iliad Offers EU120/Shr to Buy Back up to 11.7 Million Shares
- IPX LN : Impax Asset Assets Under Management GBP15.1 Bln
- MRW LN : Morrison Names Michael Gleeson CFO, Trevor Strain COO
- KN FP : ECB Fines Natixis Unit EU1.85m for Exposure Limit Breaches (1)
- NDX1 GY : Nordex Wins Supply, Installation Order for 42 Turbines in Mexico
- NOKIA FH : Exit of Nokia’s Dealmaking Chairman Stirs Talk of Strategy Shift
- NODL NO : Northern Drilling Raises $100 Million Via Private Placement
- NUM LN : Numis Full Year Pretax Profit GBP12.4 Mln
- ORA FP : *ORANGE TARGETS AVERAGE EBITDAAL GROWTH 2%-3% IN 2021-2023
- ORA FP : Cellnex to Acquire 1,500 Towers in Spain From Orange
- RNO FP : Renault: Hadi Zablit Appointed Alliance General Secretary
- ROG SW : Genentech’s Tecentriq Plus Chemotherapy Approved by FDA
- SAP GY : SAP Will Focus on Organic Growth, Co-CEO Klein Says to FAZ
- SOI FP : Soitec to Spend $775 Million to Triple Sales After Turnaround
- HO FP : Thales Gets EU153M Order for Sydney Metro Extension Equipment
- TKA GY : Thyssenkrupp Presents Strategy For Steel Business: Reuters
- TRELB SS : Trelleborg to Keep Dividend After SEK3.2b Impairment
- UCB BB : UCB Granted FDA Orphan Drug Status for Brivaracetam
- VAR1 GY : Varta Wins Conditional EU Approval for Energizer Deal
- VP/ LN : VP First Half Revenue GBP186.6 Mln
- VOW3 GY : VW Nov. U.S. Auto Sales +9.1% Vs. -8% Y/y
- VOW GY : German Prosecutors Raid Volkswagen Offices in Diesel Probe
- FHZN SW : *ZURICH AIRPORT DOWN 3.9% PRE-MKT; USS FUNDS SELLS CHF300M STAKE
- FHZN SW : Zurich Airport Holders to Offer Shares