>>> US Early premarket gappers

Early premarket gappers

Gapping up:

  • PVTL +65.7%, SPTN +14.7%, A +8.2%, VIPS +7.8%, NTAP +2.8%, PRSP +2.8%, RPAY +1.9%, JE +1.6%, STNE +1.3%, SGMS +1.2%

Gapping down:

  • CGC -13.6%, CSCO -9.5%, AEG -6.8%, CACI -5.4%, VMW -3.7%, ACB -3.3%, TLRY -2.7%, DELL -2.5%, NBEV -2%, CRON -1.6%, GFI -1.4%, AMZN -1.3%, OGI -1.1%, QGEN -0.8%, BRK.B -0.6%, LOW -0.6%

>>> Europe : Brokers Upgrades & Downgrades - 15th of Aug. 2019 (V2(+))

>>> Up
* ADO Properties Upgraded to Buy at Hauck & Aufhaeuser (+)
* Aker Solutions Upgraded to Neutral at JPMorgan; PT 37 Kroner
* Coloplast Upgraded to Hold at ABG; PT 781 Kroner
* Demant Upgraded to Buy at ABG; PT 211 Kroner
* Norden Upgraded to Buy at SEB Equities; Price Target 100 Kroner
* Nordex Upgraded to Hold at Kepler Cheuvreux; PT 11.70 Euros
* Pfeiffer Vacuum Upgraded to Buy at Bankhaus Lampe
* PostNL Upgraded to Buy at Kepler Cheuvreux; PT 2.15 Euros
* Securitas Upgraded to Buy at Handelsbanken; PT 165 Kronor
* Stockmann Upgraded to Hold at SEB Equities; PT 2.40 Euros

>>> Down
* Asos Downgraded to Underperform at Jefferies; PT 20 Pounds
* Awilco Drilling Cut to Hold at Kepler Cheuvreux; PT 30 Kroner
* Berner Kantonalbank Cut to Neutral at Credit Suisse (+)
* Capital & Regional Downgraded to Hold at Berenberg
* Glencore Downgraded to Underweight at JPMorgan; PT 2.60 Pounds
* Henkel Downgraded to Hold at Bankhaus Lampe
* Hunting Downgraded to Neutral at JPMorgan; PT 6.42 Pounds
* Investor AB Downgraded to Hold at HSBC; PT 470 Kronor
* RBS Downgraded to Hold at HSBC; PT 2.10 Pounds
* Schindler Downgraded to Hold at Kepler Cheuvreux; PT 210 Francs

>>> Initiation
* CNH Industrial Rated New Equal-weight at Stephens; PT $10
* Deere Rated New Equal-weight at Stephens; PT $160
* Global Fashion Group Rated New Hold at HSBC; PT 3.55 Euros
* Volvo ADRs Rated New Equal-weight at Stephens; PT $14

>>> Call
* Asos Double-Downgraded, Still Has More Downside Risk: Jefferies
* Henkel Cut to Hold, Few Catalysts in Near-Term: Bankhaus Lampe
* U.K. Retail Property Results Have Been ‘Dismal,’ Berenberg Says

>>> Stoxx 600 Pre-Market Indication

  • Evotec SE (EVT TH) +3.9%
  • K+S (SDF TH) +2%
    • K+S Lifts Forecast for Earnings, Free Cash Flow on Potash Prices
  • Evonik (EVK TH) +1.6%
  • Covestro (1COV TH) +1%
  • BP (BPE5 TH) +0.9%
    • Hong Kong Airport Protests Hurting Jet Fuel Demand: BNEF
  • Deutsche Bank (DBK TH) +0.8%
    • Deutsche Bank HR Head Pippa Lambert to Leave: WiWo
  • TGS (TGC TH) +0.6%
  • Voestalpine (VAS TH) +0.5%
  • Deutsche Wohnen (DWNI TH) +0.4%
  • Kion (KGX TH) -0.9%
  • United Internet (UTDI TH) -1%
  • Uniper (UN01 TH) -1.1%
  • Puma (PUM TH) -1.1%
  • MorphoSys (MOR TH) -1.1%
  • Diageo (GUI TH) -1.1%
  • Glaxo (GS7 TH) -1.2%
  • Tomra (TMR TH) -1.2%
  • Grenke (GLJ TH) -1.6%
  • Engie (GZF TH) -1.8%

>>> Lone Pine (Stephen Mandel) discloses updated portfolio position in 13F

Lone Pine (Stephen Mandel) discloses updated portfolio positions in 13F filing: New ATVI CHWY UBER DPZ COUP positions, exited CSX GOOG STZ

Highlights from 2019 Q2 filing as compared to Q1 2019:
  • New positions in: ATVI (~10.32 mln shares), CHWY (~3.29 mln), UBER (~3 mln), DPZ (~1.25 mln), COUP (~0.65 mln), TEAM (~0.04 mln)
  • Increased positions in: SQ (to ~3.31 mln shares from ~0.12 mln shares), WWE (to ~2.69 mln from ~0.16 mln), UNP (to ~4.93 mln from ~3.31 mln), SHOP (to ~1.5 mln from ~0.04 mln), CRM (to ~2.94 mln from ~1.96 mln) ADSK (to ~3.99 mln from ~3.44 mln), STNE (to ~2.53 mln from ~2.08 mln) BABA (to ~5.88 mln from ~5.64 mln), UNH (to ~3.77 mln from ~3.57 mln),
  • Maintained positions in: BKNG (~0.32 mln shares
  • Closed positions in: CSX (from ~8 mln shares), TRU (from ~6.44 mln), STZ (from ~4.93 mln), GOOG (from ~0.44 mln)
  • Decreased positions in: FB (to ~3 mln shares from ~4.84 mln shares), MSFT (to ~7.38 mln from ~9.04 mln), IQV (to ~6.19 mln from ~7.71 mln), SPGI (to ~1.93 mln from ~3.09 mln), SE (to ~6.13 mln from ~7.26 mln), MA (to ~1.67 mln from ~2.79 mln), ADBE (to ~3.74 mln from ~4.53 mln), WYNN (to ~5.41 mln from ~5.96 mln), CP (to ~2.71 mln from ~3.22 mln), NOW (to ~1.31 mln from ~1.71 mln)

>>> ValueAct Holdings (Jeffrey Ubben and Bradley Singer) disclose in 13F

ValueAct Holdings (Jeffrey Ubben and Bradley Singer) discloses updated portfolio positions in 13F filing: New TSG PSN XPO BKNG positions, exited PCG AWI

Highlights from 2019 Q2 filing as compared to Q1 2019: 
  • New positions in: TSG (~13.63 mln shares), PSN (~1.81 mln), XPO (~1 mln), EIX (~0.7 mln), BKNG (~0.04 mln)
  • Increased positions in: AES (to ~4.15 mln shares from ~1.56 mln shares), STX (to ~31.55 mln from ~29.52 mln), DAR (to ~1.73 mln from ~1.14 mln), UFI (to ~1.3 mln from ~1.13 mln), LIND (to ~3.01 mln from ~2.89 mln)
  • Maintained positions in: KKR (~50.7 mln shares), SLM (~39.18 mln shares), C (~31.53 mln shares), MS (~26.23 mln shares), TRN (~21.9 mln shares) CBRE (~13.23 mln shares)
  • Closed positions in: PCG (from ~1 mln shares), AWI (from ~0.06 mln)
  • Decreased positions in: AFI (to ~1.22 mln shares from ~4.61 mln shares), ADS (to ~3.71 mln from ~5.21 mln), ACA (to ~4.24 mln from ~5.74 mln), HE (to ~1.18 mln from ~1.43 mln), STRA (to ~0.23 mln from ~0.44 mln), BHC (to ~17.93 mln from ~18.03 mln)

>>> Paulson & Co (John Paulson) discloses updated portfolio position in 13F

Paulson & Co (John Paulson) discloses updated portfolio positions in 13F filing: New BID PCG LYFT UTX positions, exited CNC ON WBC NXPI

Highlights from 2019 Q2 filing as compared to Q1 2019: 
  • New positions in: BID (~3.37 mln shares), PCG (~3 mln), LYFT (~2.48 mln), SSRM (~1.16 mln), ONCE (~0.76 mln), UTX (~0.2 mln), ZAYO (~0.07 mln)
  • Increased positions in: S (to ~8 mln shares from ~3.11 mln shares) PCRX (to ~0.96 mln from ~0.25 mln), AGN (to ~2.25 mln from ~1.55 mln), VSM (to ~1 mln from ~0.57 mln) WCG (to ~0.59 mln from ~0.31 mln),
  • Maintained positions in: NG (~21.99 mln shares), BHC (~20.84 mln shares), BSIG (~20 mln shares), TAK (~13.24 mln shares), AU (~12.78 mln shares), MYL (~11.01 mln shares), DISCK (~10.92 mln shares), HZNP (~6.67 mln shares), TSU (~5 mln shares)
  • Closed positions in: CNC (from ~1.56 mln shares), KMDA (from ~0.79 mln), FOX (from ~0.69 mln), ON (from ~0.08 mln), WBC (from ~0.03 mln), NXPI (from ~0.02 mln)
  • Decreased positions in: AABA (to ~1.9 mln shares from ~2.38 mln shares), INSW (to ~1.54 mln from ~2 mln), QEP (to ~2 mln from ~2.25 mln), STC (to ~0.54 mln from ~0.6 mln)

>>> Trian Fund (Nelson Peltz) discloses updated portfolio position in 13F

Trian Fund (Nelson Peltz) discloses updated portfolio positions in 13F filing: New LM position, decreased GE NVT PPG BK holdings

Highlights from 2019 Q2 filing as compared to Q1 2019: 
  • New positions in: LM (~3.88 mln shares)
  • Maintained positions in: PG (~36.63 mln shares), WEN (~28.63 mln) MDLZ (~18.83 mln shares)
  • Decreased positions in: GE (to ~64.22 mln shares from ~70.87 mln shares), NVT (to ~13.55 mln from ~17.57 mln), PPG (to ~4.22 mln from ~5.98 mln), BK (to ~12.62 mln from ~13.24 mln), SYY (to ~23.67 mln from ~23.18 mln)