Fwd:>>> AB Inbev - Interesting Chart configuration

ABI long is doing quiet Good, if stock not moving above the 110.47 quickly will be time to take profit...if we break targe is still ...target is still around the 113 levles

From: LAURENT CHEKROUN (MAKOR SECURITIES LO) At: 05/02/17 14:21:14
Subject: Fwd:>>> AB Inbev - Interesting Chart configuration
* Stock is trading today above its 200d MA - first time since Nov 2016
* Stock has underperfomed SX5E by 3.9% YTD / by 16.80% on 52w., Underperformed SX3E by another 3%
* Beverage continue to Underperform the broader market but communications from integration & Synergies from SAB Deal could help the performance
* 2017 Highs have been tested and broken today (103.12 - we traded up to 103.20)
* Stock opened with a gap today ( 101.82/102.80) if they close above the 200d MA (102.30) could see an acceleration to check higher levels
* 106.87 (3.8% higher) is the first level we should check on the upside - with an extension the 108 levels
* Support is the 50d MA (100.84) and the bottom of the range where we trade 100.34.
* Stock is trading Ex Div today and Reporting on Thu. 4th of May.

I will buy the stock to play a bounce from here.

See a quick chart below :

>>> US Gapping down

Gapping down
In reaction to disappointing earnings/guidance:
  • SNAP -21.8%, MNKD -19.4%, BCEI -16.8%, KGJI -16.7%, QTM -16.6%, SANW -14.6%, AVNW -14.6%,NH -12.8%, SCON -12.2%, NVCN -12.1%, VSTO -12.1%, RGSE -11.9%, M -11.9%, FRSH -11.8%, RESN -11.5%, NYRT -8.5%, PIRS -7.3%, SYMC -6.5%, AEG -6.4%, ANTH -6.2%, OMER -5.8%, ELF -5.4%, HOLX -4.9%, QUIK -4.2%, RXII -3.7%, CPA -3.6%, SND -3.6%, BT -3.3%, KSS -3%, AGTC -2.5%, TEF -2.5%,TEF -2.5%, RLGT -2.4%, CFMS -2.3%, RTK -2.2%,ENB -1.9%, DDS -1.9%, AMBC -1.8%, BITA -1.7%,VSTM -1.6%, TIER -1.6%, CDTX -1.4%, ENV -1%,IMMU -1%, NDRM -1%
M&A news:
  • STRP -20% (confirms agreement to be acquired by Verizon (VZ) for $184.00/share in stock)
Select EU financial related names showing weakness:
  • SAN -2.5%, BCS -2.4%, BBVA -2.1%, RBS -1.6%, ING-1.5%, DB -1.3%, CS -0.7%
Other news:
  • ITUS -41.2% (proposed registered public offering of its common stock)
  • CNAT -13.8% (to offer and sell shares of its common stock in an underwritten public offering)
  • ABR -7% (plans to make a public offering of 9,500,000 shares of its common stock)
  • SP -6% (announces certain existing stockholders intend to offer for sale 3.6 mln shares of its common stock in a secondary offering)
  • JWN -3% (in sympathy with M)
  • BCRX -1.8% ( files for 11,710,951 share common stock offering by holders)
  • BFAM -1.7% (prices 4.15 mln common stock offering by selling stockholders)
  • CVTI -1.1% (US District Court for the Southern District of Ohio issued a pre-trial decision against one of its subsidiaries relating to a cargo claim incurred in 2008; co is reviewing its options regarding further appeals)
  • MTBC -1% (announces $2.3 mln registered direct offering at $2.30 per share)
Analyst comments:
  • MZOR -6.3% (downgraded to Market Perform from Outperform at Wells Fargo)
  • SNY -3.7% (downgraded to Hold from Buy at Berenberg)
  • YY -2.6% (downgraded to Neutral from Overweight at JP Morgan)
  • ACIA -2.5% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
  • MEOH -1.1% (initiated with a Underperform at Bernstein)

>>> US Gapping up

Gapping up
In reaction to strong earnings/guidance:
  • SGMO +39.1%, (also announced strategic collaboration with Pfizer), RELY +22.4%, CUR +15.3%, XONE +14.5%, CAAS +11.5%, PEGA +9.4%,LIVE +9.2%, LPSN +7.5%, CCXI +7.5%, STML +6.4%,XON +4.3%, QBAK +4.3%, PFIE +3.7%, ASM +3.2%,BSTG +3.2%, NTES +3.1%, BTX +3%, MGA +2.9%,WFM +2.8%, VUZI +2.7%, BAM +2.7%, SCLN +2.6%,GALE +2.6%, INO +2.5%, CALL +2.5%, AYX +2.5%,CORI +2.5%, HIMX +2.2%, EEP +2%, FBIO +1.9%, OA +1.9%, ATH +1.8%, ICUI +1.7%, TTGT +1.7%, SNDR +1.6%, RUN +1.2%, CDEV +1.2%, PCYG +1.2%, CBIO +1.2%
M&A news:
  • MSLI +68.4% (to be acquired by Norgine B.V. for $1.65 per share in cash)
Select metals/mining stocks trading higher:
  • GFI +1.8%, GOLD +1.7%, AU +1.6%, SSRI +1.4%, AG+1.3%, FCX +1.3%, GDX +0.8%, RIO +0.8%, BBL +0.7%
Other news:
  • SYN +35.4% (FDA has granted a Breakthrough Therapy Designation for SYN-004)
  • PED +34% (continued strength)
  • SYMX +25.8% (enters into a Technology License Agreement with Australian Future Energy for a large-scale project to be located in Australia)
  • IPCI +6.8% (receives final FDA approval for its ANDA for quetiapine fumarate extended-release tablets)
  • MRK +2.7% (confirms FDA approval of KEYTRUDA (pembrolizumab) as first-line combination therapy with pemetrexed and carboplatin for patients with metastatic NSCLC irrespective of PD-L1 expression)
  • NMM +2.3% (provides update for acquisition of 14-Vessel container fleet from Rickmers Maritime)
  • ORLY +1% (to increase the authorization amount under its share repurchase program by an additional $1 billion, raising the aggregate authorization under the program to $8.75 billion)
  • MYL +1% (in sympathy with TEVA)
Analyst comments:
  • YELP +2.9% (upgraded to Buy from Neutral at Citigroup)
  • NBL +1.5% (upgraded to Buy from Neutral at BofA/Merrill)
  • FOXA +1.4% (upgraded to Buy from Neutral at Rosenblatt)
  • OMF +1.1% (upgraded to Buy from Underperform at BofA/Merrill)
  • CAT +0.9% (upgraded to Buy from Neutral at BofA/Merrill)
  • XOM +0.8% (upgraded to Buy from Neutral at BofA/Merrill)

Fwd:>>> Carrefour - Update - stock is not trading as expected - don't break resi

Carrefour continue to hold levels for now, consolidating outside of Down trend, I see the stock going higher as it seems to me that the street is still -ve on this one...Macron election / 35hours law etc should help ... I still see 22.36/22.60 as my short term resistance.

From: LAURENT CHEKROUN (MAKOR SECURITIES LO) At: 05/09/17 10:11:17
To: LAURENT CHEKROUN (MAKOR SECURITIES LO)
Subject: Fwd:>>> Carrefour - Update - stock is not trading as expected - don't break resi
stock didn't closed below the 20.90 - and managed to break the downside trend, look more bullish here could trade higher - have a look :


From: LAURENT CHEKROUN (MAKOR SECURITIES LO) At: 05/04/17 16:38:22
Subject: Fwd:>>> Carrefour - Update - stock is not trading as expected - don't break resi
Stock is underpressure this pm, tested again its 50d MA and didn't manage to break it again today...see a support on 20.90...look bearish if we close below the 20.90

From: LAURENT CHEKROUN (MAKOR SECURITIES LO) At: 05/03/17 09:32:53
To: LAURENT CHEKROUN (MAKOR SECURITIES LO)
Subject: Fwd:>>> Carrefour - Stock has massively underperformed - Time to Buy to play reb
Carrefour - still trading in Downtrend range move not validate yet - but Outperfoning slightly today

From: LAURENT CHEKROUN (MAKOR SECURITIES LO) At: 05/02/17 12:18:19
Subject: Fwd:>>> Carrefour - Stock has massively underperformed - Time to Buy to play rebound
>>> Carrefour - Stock has massively underperformed - trading better since investor day

* CA Underperf EurosToxx 50 by 14% YTD & 23.5% on 1y, at the same time SXRP Underperf. only 5% & 13%,
* French env. for Food Retail has been tought recently but end of uncertainties with the election we can hope some better momentum and some quick measures to boost consumption.
* Carrefour look confident situation will improve during the year.
* Macron scenario is smal positive but should help the sentiment...even if biggest part of the move has been played after the 1st round of the election.
* Stock trading more than 8% below its average 3y PE, 12.95 vs 14.2
* Chart configuration - Stock look to have bottomed and rebound on long support and find resistanceon its 50d MA (+/- 21.80) if we break this level (need to close above the 21.85) we can quickly test the 200d MA (22.60) with a gap to fill (22.36/22.50), next resistance 23.07, 23.29, 23.75
* Consensus in the Street is still mixed some banks (UBS) still thinks Carrefour will be impact by margin pressure, few banks are more positive thinking that new models implemented by the group will drive some more growth, less depedance to hyper will help improve the sentiment (increase of eCommerce & new concept)

Chart :

>>> US Early premarket gappers

Early premarket gappers
Gapping up:
  • SGMO +40.2%, PED +35.1%, RELY +26.5%, CUR+15.3%, SUNW +11.6%, CAAS +11.5%, PEGA +11.4%,XONE +7.9%, CCXI +7.5%, LPSN +6.9%, SCLN +4.6%,NTES +3.9%, PFIE +3.7%, WFM +3.4%, ASM +3.2%,BSTG +3.2%, MRK +3.1%, BTX +3%, VUZI +2.7%, INO+2.5%, CALL +2.5%, AYX +2.5%, CORI +2.5%, NMM+2.3%, RLGT +2.3%, ATH +2.3%, XON +2.2%, GFI+2.1%, TEVA +2.1%, HAL +2%, EEP +2%, MYL +1.9%,IOTS +1.9%, FBIO +1.9%, MTBC +1.7%, ICUI +1.7%,TTGT +1.7%, GOLD +1.6%, SNDR +1.6%, AU +1.5%,RIG +1.4%, AG +1.4%, CHK +1.4%, WLL +1.3%, PCYG+1.2%, TRXC +1.1%, CAT +1.1%, BHP +1.1%, ORLY+1%, GDX +1%, RIO +1%, WATT +1%, VRX +0.9%,FCX +0.9%
Gapping down:
  • ITUS -35.3%, NH -24.4%, SNAP -21%, STRP -20.5%,BCEI -16.8%, KGJI -16.7%, QTM -16.6%, MNKD-15.6%, RGSE -15.6%, CNAT -15.1%, AVNW -14.6%,VSTO -13.6%, FRSH -11.8%, RESN -11.5%, NYRT-9.7%, BITA -9.5%, SANW -8.3%, NVCN -7.9%, HOLX-7.1%, ABR -6.8%, ANTH -6.2%, VSTM -5.7%, SP-5.5%, SYMC -5.3%, ELF -5.1%, AEG -5.1%, QUIK-4.2%, OMER -4%, RXII -3.7%, CPA -3.6%, SND -3.6%,BT -3.5%, RUN -2.8%, AGTC -2.5%, STML -2.5%, TEF-2.5%, TEF -2.5%, SCON -2.4%, STM -2.3%, CFMS-2.3%, GALE -2.3%, RTK -2.2%, AFSI -1.8%, BCRX-1.8%, BCS -1.8%, AMBC -1.8%, TIER -1.6%, HIMX-1.5%, CDTX -1.4%, RBS -1.3%, BFAM -1.1%, CVTI-1.1%, MEOH -1.1%, SAN -1%, IMMU -1%, PIRS -1%,NDRM -1%

>>> Macy's misses by $0.12, misses on revs and comps; reaffirms FY18 guidance (

Macy's misses by $0.12, misses on revs and comps; reaffirms FY18 guidance (29.34)
  • Reports Q1 (Apr) earnings of $0.24 per share, excluding non-recurring items, $0.12 worse than the Capital IQ Consensus of $0.36; revenues fell 7.5% year/year to $5.34 bln vs the $5.49 bln Capital IQ Consensus.
  • Comparable sales on an owned basis were down 5.2 percent in the first quarter and down 4.6 percent on an owned plus licensed basis vs. ests near -3%
  • Co reaffirms guidance for FY18, sees EPS of $2.90-3.15 vs. $3.06 Capital IQ Consensus Estimate; sees FY18 revs of down 3.2-4.3% to ~$24.67-24.95 bln vs. $24.81 bln Capital IQ Consensus; comps down 2.2-3.3% or 2-3% including licenses.
  • "Our first quarter sales and earnings results were consistent with our expectations, and we remain on track to meet our 2017 guidance. We are encouraged by the performance of the pilot programs we tested last year in categories like women's shoes, fine jewelry, and furniture and mattresses. We look forward to expanding these successful initiatives nationally this year and anticipate they will have a measurable impact on our performance starting in the second quarter, building through the fall. Additionally, our digital platforms showed continued strong growth in the first quarter," said Jeff Gennette, president and chief executive officer of Macy's, Inc. "In 2017, we are focused on taking actions to stabilize our brick and mortar business, including the testing and iteration of additional pilot programs in order to bring them to scale in future years. At the same time, we will invest to aggressively grow our digital and mobile business, while continuing the integration of our online and offline experience to allow our customers to shop the way they live.

(REcode.net) Uber engineers are looking to leave as a court case puts the self-d

Uber engineers are looking to leave as a court case puts the self-driving future in limbo
If Alphabet gets its preliminary injunction, the ride-hail company could have to stop some of its self-driving operations.

Uber, already dealing with a litany of crises — including a lawsuit brought by rival Alphabet — could also be facing an exodus of key talent.

Some of the startup’s engineers are actively looking to get out of the company, according to multiple sources. The situation is being prompted in part by Alphabet’s case against Uber.

The suit centers on Anthony Levandowski, who had led Uber’s self-driving technology division, but recently announced he was moving away from his role as the case plays out. Second-in-command Eric Meyhofer has temporarily taken over, but the legal situation has left most Uber engineers in limbo, sources say.

Instead of waiting for a court decision that could squash Uber’s ambitions to deploy autonomous vehicles, a number of its engineers are looking for other opportunities. Others have decided to look elsewhere if the judge grants Alphabet the injunction.

Self-driving talent is in high demand, with some major automakers and tech companies pouring millions if not billions into “acqhiring” entire teams before they've even had an opportunity to launch their company. (See: Ford and Argo, Uber and Otto.)

Part of what’s driving these potential moves is the frustration many staffers feel from the pending lawsuit, sources say. Staffers may have to step away from the work they spent so much time developing, just as the company began putting their cars on the road.

Needless to say, morale is at an all-time low. Another camp of staffers, who’ve all but assumed Levandowski will be pushed out and didn't agree with his leadership to begin with, are waiting it out and are looking forward to seeing the department refocus its efforts on showing off its new tech.

The judge expects to issue his decision sometime this week. An injunction could mean a lot of things. Uber might have to stop work on its autonomous cars entirely or just stop using technology that Alphabet claims was stolen. It could also mean that the court would make Levandowski’s recusal official and any violation of the court order to stop working would result in legal ramifications.

Sources say it's unlikely Levandowski’s recusal would amount to any practical differences in the way the department is run. As part of his decision to move away from leading the company’s self-driving efforts, Levandowski put Meyehofer in charge. However, Meyhofer, sources say, is close to both Levandowski and Kalanick. In fact, an Uber engineer testified on May 4 that Meyhofer continued to work with Levandowski on a daily basis.

But a new hire, by way of the University of Toronto, might help the company retain some of its talent. Raquel Urtasun, a leading mind in machine learning and AI research, will be heading up Uber's self-driving expansion into Canada. Urtasun will be joined by eight of her students and will continue to teach at the University part-time.

Uber declined to comment for this story.

>>> US After Hours -  NH -24.4%, SNAP -23.2%, MNKD -18.8%, BCEI -16.8% (ticking

After Hours Summary: WFM +3% following earnings/guidance and dividend/buyback/CFO news... SNAP -23%, MNKD -19%, SYMC -7%, ELF -6% following earnings/guidance

After Hours Gainers:

Companies trading higher in after hours in reaction to earnings/guidance: SGMO +42.5% (also announced strategic collaboration with Pfizer), RELY +26.5%, PEGA +11.4%, XONE +10.5%, SCLN +4.6%, PFIE +4.5% (light volume), LPSN +4.4% (ticking higher), WFM +3.2% (also increases dividend, announces share repurchase; updates strategic initiations; names new CFO), ASM +3.2% (light volume), XON +2.8%, VUZI +2.7%, AYX +2.5%, RLGT +2.3%, ATH +2.3%, OMER +2.2%, DRYS +2.1%, EEP +2%, INO +1.7%, PCYG +1.2%, IOTS +1% (thinly traded), WATT +1%

Companies trading higher in after hours in reaction to news: PED +50.5% (continued strength - filed 10-Q and regained NYSE compliance today), MRK +3.1% (confirms FDA approval of KEYTRUDA (pembrolizumab) as first-line combination therapy with pemetrexed and carboplatin for patients with metastatic NSCLC irrespective of PD-L1 expression), NMM +2.3% (light volume; provides update for acquisition of 14-Vessel container fleet from Rickmers Maritime), ORLY +1% (to increase the authorization amount under its share repurchase program by an additional $1 billion, raising the aggregate authorization under the program to $8.75 billion)

After Hours Losers:

Companies trading lower in after hours in reaction to earnings/guidance: NH -24.4%, SNAP -23.2%, MNKD -18.8%, BCEI -16.8% (ticking lower), KGJI -16.7%, RGSE -16.3%, AVNW -16%, FRSH -11.8%, RESN -11.5% (light volume), NYRT -9.7%, NVCN -7.9%, HOLX -7.5%, SYMC -7.2%, ELF -6.2%, ANTH -6.2%, QUIK -4.2%, RUN -3.3%, IMMU -2.6%, STML -2.5% (light volume), AMBC -1.8%

Companies trading lower in after hours in reaction to news: ITUS -35.3% (proposed registered public offering of its common stock), CNAT -14.8% (to offer and sell shares of its common stock in an underwritten public offering), MTBC -4.6% (announces $2.3 mln registered direct offering at $2.30 per share), SP -4.6% (announces certain existing stockholders intend to offer for sale 3.6 mln shares of its common stock in a secondary offering), ABR -3.3% (plans to make a public offering of 9,500,000 shares of its common stock), BCRX -1.8% (files for 11,710,951 share common stock offering by holders), CVTI -1.1% (US District Court for the Southern District of Ohio issued a pre-trial decision against one of its subsidiaries relating to a cargo claim incurred in 2008; co is reviewing its options regarding further appeals), MEOH -1.1% (initiated with Underperform at Bernstein; tgt $36), USFD -0.7% (commences 35 mln common stock offering by Clayton, Dubilier & Rice and KKR and certain members of management and the board)

>>> Notable post-earnings movers

Notable post-earnings movers
  • Post-earnings gainers: SGMO +46%, PEGA +6.9%, IOTS +6.7%, LPSN +4.4%, CUR +4%, ASYS +3.3%, DRRX +3%, VSTM +2.5%, RLGT +2.3%, WFM +2.1%
  • Post-earnings losers: NH -41.9%, SNAP -24.3%, RGSE -20%, BCEI -19.4%, FRSH -13.8%, MNKD -11.9%, AVNW -9.7%,SYMC -6.8%, NVCN -6.1%, GALE -5.5%, ANTH -4.9%, ELF -4.6%, FOXA -4.3%, AGTC -2.5%