>>> US Gapping up

Gapping up
In reaction to strong earnings/guidance:

  • FLEX +13.8%, FB +11.5%, IIVI +11.5%, DLB +8.8%, NOW +8.5%, GE +8.4%, MDC +8.2%, MLNX +6.2%, CHTR +6.2%, VLO +5.6%, DEO +5.1%, UPS +5%, CPLP +5%, BBD +4.7%, APRN +4.2%, RDS.A +4.1%, WYNN +4%, ALGT +3.4%, LLNW +3.3%, MAN +3.3%, QCOM +2.9%, ETN +2.9%, ABMD +2.7%, RACE +2.3%, COP +2%, NS +1.9%, MO +1.9%, CACI +1.5%, S +1.3%, BMS +1.2%, EPD +1.2%, CELG +0.9%

M&A news:

  • WDAY +5.4% (Workday indicated higher premarket after William Blair suggests in a note that WDAY has closed a core HR deal with Accenture)
  • DISCA +4.9% (Discovery could sell to CBS (CBS) or a combined CBS / Viacom (VIAB) company, according to CNBC)

Other news:

  • EGO +3.7% (provides consolidated 2019-2021 outlook)
  • TWTR +3.5% (higher with FB)
  • PXLW +2.4% (announces partnership with HMD Global for delivery of advanced visual processing solutions on Nokia smartphones)
  • SNAP +2.1% (higher with FB)
  • AVP +2.1% (announces 10% reduction in its global headcount)

Analyst comments:

  • PFE +1.3% (upgraded to Outperform from Neutral at Credit Suisse)
  • SKY +1.1% (upgraded to Buy from Hold at SunTrust)
  • ES +0.6% (upgraded to Buy from Neutral at Goldman)
  • TIF +0.6% (upgraded to Overweight from Neutral at Atlantic Equities)

>>> US Early premarket gappers

Early premarket gappers

Gapping up:

  • FLEX +15.9%, FB +11.5%, DLB +8.8%, NOW +7.6%, MLNX +6.8%, AVP +4.8%, VLO +4.5%, RDS.A +4.4%, ALGT +3.4%, TWTR +3.3%, LLNW +3.3%, WYNN +3.1%, PXLW +2.4%, QCOM +2.2%, APRN +2.1%, SNAP +1.7%, CACC +1.6%, APTV +1.6%, CACI +1.5%, SCHW +1.4%, MDC +1.4%, BMS +1.2%, AMP +0.8%, XEL +0.8%

Gapping down:

  • EFII -10.2%, MUSA -9.9%, X -6.2%, MEOH -5.8%, TSLA -5.1%, GHL -3.7%, PYPL -3.7%, CRUS -3.7%, BT -3.6%, UN -2.6%, TVPT -2.3%, MSFT -2.1%, V -1.8%, AGNC -1.6%, DWDP -1.3%, MTH -0.9%, CREE -0.8%, MDLZ -0.6%, WCC -0.6%

>>> What to look at today - 31st of January 2019

 Stocks in Asia climbed as the Federal Reserve signaled it is putting further interest-rate increases on hold, boosting emerging-market equities and currencies. Treasury yields stabilized after Wednesday’s declines.
Japanese shares led regional gains along with Hong Kong, indicating a strong end to a stellar month for equities in Asia. U.K. and European futures signaled equities will rise when the market opens. Earlier, the S&P 500 Index climbed to an eight-week high and the dollar fell to a four-month low after the Fed said it will be “patient” on interest-rate moves and signaled flexibility on the path for reducing its balance sheet. Nasdaq futures climbed as better-than-expected results at Facebook Inc. buoyed sentiment.
US After Hours FLEX +14%, FB +12%, DLB +9%, NOW +8%, MLNX +6% are higher, while X -6%, PYPL -3.5%, MSFT -2.7%, V -2%, TSLA -1.5% are lower following earnings/guidance

Nikkei +1.06% Hang Seng +1.02% CSI +1.05% Shanghai +0.35% Shenzen -0.70%

Eur$ 1.1505 CNH 6.7127 CNY 6.7008 JPY 108.74 GBP 1.3137 RUB 65.5809 CHF 0.9926 TRY 5.2278 WTI$ 54.52 +0.53%

S&P +0.16% EuroStoxx +0.57% FTSE +0.41% Dax +0.56% SMI +0.15%

Macro :
- French Telecom Watchdog Not Against Consolidation: Les Echos

Keep an eye on :
- ABBN SW : ABB’s Spiesshofer Freezes Hiring Amid Revamp: Handelszeitung
- AC FP : AccorHotels Says It Has Refinanced More Than EU1B of Its Debt
- ADYEN NA : Watch Payments Firms After PayPal’s First Miss Since 2015
- AIR FP : Airbus Says Cyber Incident on Commercial Aircraft Unit’s Systems
- ALO FP : *EU'S VESTAGER PRESSING AHEAD ON VETO OF ALSTOM-SIEMENS DEAL: FT
- ATUS US : Altice Unit Gets Revolving Credit Commitments $2.17b Due 2024
- ATS AV : AT&S Keeps Rev., Ebitda Margin Forecasts Given Jan. 8
- NDA GY : Aurubis Names Roland Harings New CEO
- BAR BB : U.S. Patent Office Reconfirms Barco’s Clickshare Patentability
- BC IM : Brunello Cucinelli Upside Now Limited, Berenberg Cuts to Hold
- 1COV GY : Mentionned as potential predator for HB Fuller
- DHER GY : Zomato in Talks With Delivery Hero to Sell UAE Business: TOI
- DGE LN : Diageo First-Half Organic Net Sales Growth Beat Estimates (1)
- ECONB BB : Econocom Full Year Revenue 1.7% Below Estimates
- ELI BB : Elia Starts Commercial Use of U.K.- Belgium Nemo Interconnector
- ELIS FP : Elis 2018 Rev. EU3.13b, Est. EU3.15b
- EXO IM : Exor Spokesman Denies Any Merger Talks Between Scor, PartnerRe
- GRNG SS : Granges Fourth Quarter Net Sales Beat Estimates
- HMB SS : H&M 4Q Pretax Profit Misses Estimates As Company Takes Costs (1)
- ISS DC : ISS Sells Activities in Argentina and Uruguay to Grupo Serza
- SDF GY : K+S: Lower Saxony Approved Potential Siegfried-Giesen Restart
- LBK SM : Liberbank Sold EU1.8B NPL Portfolio: Confidencial
- LUX IM : Luxottica Expects 2018 Net Debt/Ebitda Ratio in Range 0.3x-0.4x
- MRO LN : GKN Fokker to Supply Cables, Composites for F-35s: Dutch Govt
- MOZN SW : Mobilezone Rated New Neutral at MainFirst; PT 12 Francs
- NESN SW : Nestle Chairman Signals He’s Open to a Full Sale of Skin Health
- NOKIA FH : *NOKIA 4Q NET SALES EU6.87 BLN; EST. EU6.66 BLN
- NOKIA FH : Nokia Hits Middle Point of 2018 Operating Margin Guidance Range
- NOVN SW : Novartis Says France Issued Antitrust Objections On Lucentis
- OHL SM : Villar Mir Stake in OHL Lures Interest From 5 Cos.: Confidencial
- PGS NO : PGS Fourth Quarter Ebitda Beats Highest Estimate
- RNK LN : Rank Group 1H Adj. Pretax Down 27.6% to GBP29m; Outlook in Line
- REP SM : Repsol Probes Current Crude-for-Debt Deal With Venezuela: FT
- RDSA LN : Shell to Buy California EV Company as Gasoline Use Seen Dropping
- ROG SW : Roche Full-Year Core EPS Beats Estimates (1)
- RPC LN : Berry Global Considering A Possible Offer in Cash for RPC
- SCR FP : Covea Board Rejects All Scor Accusations, Backs Thierry Derez
- SKFB SS : Sell SKF Amid Deteriorating Original-Equipment Market: Jefferies
- WAF GY : Siltronic Full Year Ebit 3.1% Above Estimates
- SOW GY : Software AG Fourth Quarter Adjusted EPS Beats Highest Estimate
- FTI FP : Technip Wins Contract Over $500M With ExxonMobil Refinery
- UHR SW : Swatch Predicts ‘Healthy’ 2019 After Weak Fourth Quarter
- TFI FP : TF1 in Talks With Dillard to Sell Teleshopping Operational Side
- UNA NA : Unilever Sees ’19 Underl. Sales Growth Lower Half of 3%-5% Range
- VLA FP : Valneva: Positive Initial Booster Data for Lyme Disease Vaccine
- VK FP : Vallourec Creditors Are Said to Seek Exit Amid Choppy Oil Market
- DG FP : Vinci, Eiffage, AXA to Bid For Toulouse Airport Stake: Tribune
- VOW3 GY : Audi's Hungary Unit Reaches Deal With Unions to End Strike
- VOW3 GY : German Transport Minister Rebuffs VW Over Car-Pricing Comments
- WPP LN : WPP to Sell 49% Stake in Richard Attias & Associates: Sky News

>>> Europe : Brokers Upgrades & Downgrades - 31st of January 201

>>> Up
* Ferrovial Upgraded to Add at AlphaValue
* Troax Upgraded to Buy at Handelsbanken; PT 320 Kronor
* Volvo Upgraded to Buy at SEB Equities; PT 155 Kronor

>>> Down
* 1&1 Drillisch Downgraded to Hold at HSBC; PT 40 Euros
* Ahold Delhaize Cut to Underweight at JPMorgan; PT 20 Euros
* ArcelorMittal Downgraded to Neutral at Goldman; PT 22.50 Euros
* Brunello Cucinelli Downgraded to Hold at Berenberg
* Getinge Cut to Sell at Handelsbanken; Price Target 75 Kronor
* Klepierre Downgraded to Equal-weight at Barclays; PT 31 Euros
* Outokumpu Downgraded to Sell at Goldman; PT 3.60 Euros
* Petra Diamonds Downgraded to Neutral at JPMorgan; PT 35 Pence
* Randstad Downgraded to Hold at ING; PT 42.50 Euros
* Standard Life Aberdeen Cut to Equal-weight at Morgan Stanley
* Tod's Downgraded to Reduce at Kepler Cheuvreux; PT 37 Euros
* Unibail Downgraded to Underweight at Barclays; PT 140 Euros
* United Internet Downgraded to Hold at HSBC; PT 39 Euros

>>> Initiation
* Funding Circle Holdings Rated New Equal-weight at Barclays
* Total Reinstated at Cowen With Outperform; PT 51 Euros

>>> Call
* Jefferies Raises U.K. Stocks as Market Not Concentrating on BOE