China Tobacco Regulator reportedly urges e-commerce platforms and businesses to shut down e-cigarette online shops
>>> Up
* Chr. Hansen Raised to Buy at SEB Equities; PT 610 kroner
* Continental AG Raised to Buy at Citi
* Euronext Raised to Buy at Citi
* Homeserve Raised to Add at Peel Hunt
* Krones Raised to Buy at LBBW; PT 67 euros
* Krones Raised to Buy at Hauck & Aufhaeuser; PT 82 euros (+)
* Morgan Advanced Raised to Buy at Citi
* Orange Belgium Raised to Overweight at JPMorgan; PT 24 euros
* Pandox Raised to Hold at Handelsbanken; PT 200 kronor
* Siemens Gamesa Raised to Neutral at CaixaBank BPI
>>> Down
* ABI PT Cut at RBC as Margins Have Peaked, U.S. Losses an Issue
* Arcus Cut to Hold at SEB Equities; PT 35 kroner
* *BRITVIC CUT TO HOLD VS BUY AT LIBERUM (+)
* Deutsche Boerse Cut to Neutral at Citi
* Geberit Cut to Hold at SocGen; PT 525 Swiss francs
* GrandVision Cut to Hold at Berenberg
* Humana Cut to Hold at Handelsbanken; PT 61 kronor
* Jyske Cut to Neutral at Citi
* KPN Cut to Hold at LBBW; PT 2.90 euros
* Kuehne + Nagel Cut to Neutral at UBS
* LondonMetric Cut to Neutral at Citi
* Lundin Petroleum Cut to Hold at Pareto Securities (+)
* Nordea Cut to Underperform at Mediobanca SpA; PT 72.13 kronor
* Rational Cut to Hold at Berenberg
* Rational Cut to Sell at LBBW; PT 624 euros
* Rightmove Cut to Sell at Shore Capital (+)
* Suez Cut to Neutral at JPMorgan; PT 13.50 euros
>>> Initiation
* ConvaTec Rated New Buy at Stifel; PT 217 pence
>>> Call
* Continental AG Upgraded as Citi Sees Opportunity for Self-Help
* Elementis Upside Seen on Talc; PT Cut on Chromium: Berenberg (+)
* Jyske Cut to Neutral as Citi Turns Focus to Outlook Next Year
* Kuehne + Nagel Cut at UBS After Rally, Trade Outlook Still Tough (+)
* Morgan Advanced Materials ‘Now Firmly in Buy Territory’: Citi
* Rational Down to Hold, Now Lacks Short-Term Triggers: Berenberg
DAX:
- Lufthansa (LHA TH) +1%
- Wirecard (WDI TH) +1%
- Infineon (IFX TH) +0.7%
- VW (VOW3 TH) +0.7%
- Munich Re (MUV2 TH) +0.6%
- Deutsche Boerse (DB1 TH) -0.6%
- Deutsche Boerse Cut to Neutral at Citi
MDAX:
- Metro AG (B4B TH) +2.1%
- Billionaire Kretinsky’s EPGC Raises Metro Stake to 30% (1)
- ThyssenKrupp (TKA TH) +1.7%
- Evonik (EVK TH) +1.3%
- ProSieben (PSM TH) +0.8%
- Telefonica Deutschland (O2D TH) +0.8%
- Aroundtown (AT1 TH) -0.4%
SDAX:
- Varta (VAR1 TH) +2%
- Steinhoff (SNH TH) +1.7%
- Salzgitter (SZG TH) +1.4%
- Schaeffler (SHA TH) +1.2%
- Kloeckner (KCO TH) +0.8%
- Jungheinrich (JUN3 TH) +0.7%
- Metro AG (B4B TH) +1.7%
- Billionaire Kretinsky’s EPGC Raises Metro Stake to 30% (1)
- ThyssenKrupp (TKA TH) +1.7%
- Continental AG (CON TH) +1.1%
- Continental AG Upgraded as Citi Sees Opportunity for Self-Help
- PSA (PEU TH) +1.1%
- The long and winding road to the marriage of Fiat and Peugeot
- United Internet (UTDI TH) +0.9%
- Grenke (GLJ TH) +0.9%
- Evonik (EVK TH) +0.8%
- Nemetschek (NEM TH) +0.8%
- Vodafone (VODI TH) +0.8%
- London Exchange: VODAFONE AND FAIRPHONE - STRATEGIC PARTNERSHIP
- Wirecard (WDI TH) +0.7%
- Aroundtown (AT1 TH) -0.6%
- Deutsche Boerse (DB1 TH) -0.6%
- Deutsche Boerse Cut to Neutral at Citi
- Uniper (UN01 TH) -0.7%
- Novo Nordisk (NOVC TH) -0.8%
- Novo Nordisk Raises Low End of FY 2019 Sales Growth Guidance (1)
- Delivery Hero (DHER TH) -3.1%
- Second day decline as stock fell 4.7% Thursday
Most Asian stocks rose and European and U.S. futures pushed higher Friday as investors weighed better-than-expected Chinese manufacturing data against uncertainty about an interim U.S.-China trade deal. Treasuries held their mid-week gains ahead of Friday’s American jobs and manufacturing data.
Equities in Japan pared losses, while shares in Hong Kong and China rose after the Caixin manufacturing gauge unexpectedly climbed. Equities in Seoul shrugged off the latest plunge in South Korean exports. Sentiment had weakened earlier and the S&P 500 slipped overnight after Bloomberg reportedthat Chinese officials have warned they won’t budge on the thorniest trade issues. Negotiators are expected to hold a call Friday. The yen remained near a three-week high.
US After Hours : QRVO / NPTN +10%, FTNT +8%, X +7% are higher, while ANET -25%, PINS -20%, CAR -12% are lower following earnings/guidance
Nikkei -0.33% Hang Seng +0.67% CSI +1.69% Shanghai +0.99% Shenzen +1.29%
Eur$ 1.1166 CNH 7.0417 CNY 7.0395 JPY 107.98 GBP 1.2961 RUB 64.0508 TRY 5.7272 WTI$ 54.26 +0.15%
S&P +0.19% EuroStoxx +0.09% FTSE +0.11% DAX +0.23% SMI +0.34%
Macro :
- China Said to Doubt Long-Term Trade Deal Possible With Trump
- Trump Warns Johnson His Brexit Deal Makes U.S. Trade Deal Hard
- Commodities From Oil to Gold Wave Red Flag on Growth: Macro View
Keep an eye on :
- AIR FP : Finland Has Sent Revised Fighter-Jet Requests for Quotation
- AKER NO : Aker Third Quarter Net Assets NOK43.1 Bln, -3.8% Q/q
- ATL IM : Sabrina Benetton Appointed to Atlantia’s Board of Directors
- BG AV : Bawag Group Shares Placed at EU35 Per Share: Terms
- BG AV : Bawag Holder Cerberus Capital Management to Offer 13.5m Shrs, Accelerated Bookbuild Offering Covered Within Half an Hour
- BDRILL NO : Borr Drilling Adds $151M Backlog with 5 Contracts, Extensions
- BFIT NA : Basic-Fit Nine Month Revenue EU371.5 Mln, +27% Y/y
- BRNL NA : Brunel 3Q Ebit EU7.3 Mln; Reiterates FY Sales, Ebit Outlook (1)
- ON IM : Italy Court Revokes Bio-On Board, Names Administrator: Radiocor
- CASS IM : Cattolica Assicurazioni Revokes Powers of CEO Alberto Minali
- CLA FP : Claranova Buys Out Minority Interests in Internet Segment
- CRBN NA : Corbion Cuts Full-Year Guidance for Organic Net Sales Growth
- DANSKE DC : Danske Is Using Improved Tool to Screen for Sanctions Violations
- DSV DC : DSV PANALPINA Raises Synergy Forecast to DKK2.3b vs DKK2.2b
- EPR NO : Europris Third Quarter Net Income Beats Highest Estimate
- EVD GY : CTS Eventim Forms French Joint Venture With Fnac Darty
- AM FP : Finland Has Sent Revised Fighter-Jet Requests for Quotation
- ERICB SS : Arista’s (ANET US) Forecast Miss Wipes Out a Quarter of Market Value --> -25% in after Hours
- EUCAR FP : CAR Cuts Full Year Rev. View, Midpoint Misses Lowest Est. --> -12.5% in after Hours
- FCA IM : Fiat and Peugeot Turn to Small Advisory Firms for Huge Car Deal
- FNAC FP : CTS Eventim Forms French Joint Venture With Fnac Darty
- GBLB BB : GBL Nine Month Cash Profit EU560 Million, +47% Y/y
- GENL LN : Genel Energy 9-Month Output Rises 12%, In Line With Forecast
- GEST SM : Gestamp 9M Net Income Falls 22% Y/y; Cuts Guidance --> Gestamp’s New Guidance Implies 20% Consensus Cut: Morgan Stanley
- IDEX NO : Woodford and Barnett Lose Out as IDEX Hits Lowest in Decade
- ISAT LN : Inmarsat Plans to Keep HQ in U.K. for 3 Years
- B4B GY : EP Global Boosts Metro AG Stake, to Seek Board Representation
- NOKIA FH : Arista’s (ANET US) Forecast Miss Wipes Out a Quarter of Market Value --> -25% in after Hours
- NOVN SW : Novartis: Cosentyx Trial Missed Primary Endpoint
- NOVOB DC : Novo Nordisk Raises Low End of FY 2019 Sales Growth Guidance (1)
- OCY NO : Ocean Yield to Extend Standstill Period With Solstad Offshore
- OKEA NO : OKEA Third Quarter Ebitda NOK404 Mln
- PARG SW : Pargesa Third Quarter Net Assets CHF10.33 Bln, +0.4% Q/q
- RDSA LN : Shell Sees Potential to Raise Ormen Lange Gas Reserves by 30%
- SAN SM : Santander’s Botin Buys 1m Shares of Bank: Filing
- G24 GY : Scout24: FMR Discloses 3.06% Stake
- SEM PL : Semapa Nine Month Net Income EU112.1 Mln
- SIX2 GY : CAR Cuts Full Year Rev. View, Midpoint Misses Lowest Est. --> -12.5% in after Hours
- STLN SW : Schmolz + Bickenbach: Haefner Waived One Capital Raise Condition
- SYDB DC : Sydbank Names Two New Board Members After September Exodus
- TEL NO : Telenor Names DNA CEO Jukka Leinonen New Nordic Cluster Head
- TIT IM : Tel. Italia: Date to Get EU Opinion on Inwit Extended to Nov. 30
- TCG LN : Fosun Could Announce Thomas Cook Deal as Soon as This Week: FT
- WKL NA : Wolters Kluwer Forecasts Adj. Oper Margin, Wolters Kluwer Raises 2019 Buyback by EU100m, Confirms Guidance
- YIT FH : YIT Oyj Third Quarter Adjusted Operating Profit Beats Estimates
>>> Up
* Chr. Hansen Raised to Buy at SEB Equities; PT 610 kroner
* Continental AG Raised to Buy at Citi
* Euronext Raised to Buy at Citi
* Homeserve Raised to Add at Peel Hunt
* Krones Raised to Buy at LBBW; PT 67 euros
* Morgan Advanced Raised to Buy at Citi
* Orange Belgium Raised to Overweight at JPMorgan; PT 24 euros
* Pandox Raised to Hold at Handelsbanken; PT 200 kronor
* Siemens Gamesa Raised to Neutral at CaixaBank BPI
>>> Down
* ABI PT Cut at RBC as Margins Have Peaked, U.S. Losses an Issue
* Arcus Cut to Hold at SEB Equities; PT 35 kroner
* Deutsche Boerse Cut to Neutral at Citi
* Geberit Cut to Hold at SocGen; PT 525 Swiss francs
* GrandVision Cut to Hold at Berenberg
* Humana Cut to Hold at Handelsbanken; PT 61 kronor
* Jyske Cut to Neutral at Citi
* KPN Cut to Hold at LBBW; PT 2.90 euros
* Kuehne + Nagel Cut to Neutral at UBS
* LondonMetric Cut to Neutral at Citi
* Nordea Cut to Underperform at Mediobanca SpA; PT 72.13 kronor
* Rational Cut to Hold at Berenberg
* Rational Cut to Sell at LBBW; PT 624 euros
* Suez Cut to Neutral at JPMorgan; PT 13.50 euros
>>> Initiation
* ConvaTec Rated New Buy at Stifel; PT 217 pence
>>> Call
* Continental AG Upgraded as Citi Sees Opportunity for Self-Help
* Jyske Cut to Neutral as Citi Turns Focus to Outlook Next Year
* Morgan Advanced Materials ‘Now Firmly in Buy Territory’: Citi
* Rational Down to Hold, Now Lacks Short-Term Triggers: Berenberg
After Hours Summary: QRVO / NPTN +10%, FTNT +8%, X +7% are higher, while ANET -25%, PINS -20%, CAR -12% are lower following earnings/guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: CRC +24.9%, LOCO +14%, QRVO +9.8%, NPTN +9.6%, ERII +8.4% (light volume), FTNT +7.6%, X +6.9%, BRKR +5.7%, FTAI +3.9% (light volume), MELI +3.9%, PFSI +3.8% (ticking higher; also initiates quarterly dividend of $0.12/share), AYX +3.2%, OEC +1.9%, SSNC +1.4%, EGO +1% (also reports positive Kisladag mine test results and progress in Greece)
Companies trading higher in after hours in reaction to news: BGNE +24.8% (BeiGene and Amgen announce global strategic oncology collaboration; Amgen to purchase ~$2.7 bln of BeiGene shares), SWKS +4.7% (following QRVO results), TAL +1.6% (upgraded to Buy from Neutral at Goldman)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: CASA -25.6%, ANET -24.8%, MOBL -20.1%, PINS -19.8%, CAR -12.2%, CDNA -8.8%, MTZ -7.8%, LYV -5%, APPN -4.2%, NFG -3.8% (light volume), WU -1%
Companies trading lower in after hours in reaction to news: AVID -23.8% (enters into support agreement with Impactive Capital; reports prelim Q3 revs and adj EBITDA below prior guidance), HTZ -3.8% (following CAR results), PRTK -3.7% (announces top-line results of Phase 2 clinical studies evaluating omadacycline in urinary tract infections), CFX -3.4% (attributed to block trade pricing), CSCO -1.5% / EXTR -0.8% (following ANET results),