Lunes 20/07/20 Continúa el reporte de utilidades

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Lunes

Eventos económicos

Entre los eventos más importantes de la semana tenemos la actividad económica en Chicago el Martes; las ventas de casas existentes el Miércoles; los indicadores económicos líderes el Jueves; el PMI manufacturero y se servicios el Viernes.

20
None scheduled
TUESDAY, JULY 21
8:30 am Chicago Fed national activity index June -- 2.61
2 pm Committee vote on Fed nominations of Judy Shelton, Christopher Waller
WEDNESDAY, JULY 22
10 am Existing home sales (SAAR) June -- 3.91 million
THURSDAY, JULY 23
8:30 am Initial jobless claims (regular state program) July 18 -- 1.30 million
8:30 am Continuing jobless claims (regular state program) July 11 -- 17.3 million
8:30 am Continuing jobless claims (federal & state, NSA) July 4 -- 32.0 million
10 am Leading economic indicators June -- 2.8%
FRIDAY, JULY 24
9:45 am Markit manufacturing PMI (flash) July 49.8
9:45 am Markit services PMI (flash) July 47.9
10 am New home sales (SAAR) June -- 676,000
LAST WEEK'S MAJOR U.S. ECONOMIC REPORTS & FED SPEAKERS

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LAST CHG %CHG
Crude Oil Futures 40.37 -0.22 -0.54
Brent Crude Futures 42.92 -0.22 -0.51
Gold Futures 1811.90 1.90 0.10
Silver Futures 19.845 0.081 0.41
DJIA Futures 26493 -27 -0.10
S&P 500 Futures 3208.25 -5.65 -0.

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LAST CHG %CHG
Euro (EUR/USD) 1.1456 0.0027 0.24
Japanese Yen (USD/JPY) 107.20 0.17 0.16
U.K. Pound (GBP/USD) 1.2592 0.0025 0.20
Swiss Franc (USD/CHF) 0.9395 0.0008 0.09
Chinese Yuan (USD/CNY) 6.9906 -0.0016 -0.02
U.S. Dollar Index 95.85 -0.09 -0.0

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YIELD(%) YIELD CHG
U.S. 10 Year 0.617 -0.017
Germany 10 Year -0.431 0.014
U.K. 10 Year 0.164 -0.004
Japan 10 Year 0.024 0.007
Australia 10 Year 0.898 0.018
China 10 Year 3.045

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Copper July 20,05:39
Bid/Ask 2.9244 - 2.9248
Change -0.0107 -0.37%
Low/High 2.8957 - 2.9386
Charts

Nickel July 20,05:38
Bid/Ask 5.9912 - 5.9935
Change +0.0494 +0.83%
Low/High 5.9236 - 6.0093
Charts

Aluminum July 20,05:35
Bid/Ask 0.7341 - 0.7343
Change -0.0025 -0.34%
Low/High 0.7332 - 0.7379
Charts

Zinc July 20,05:39
Bid/Ask 0.9850 - 0.9857
Change +0.0007 +0.07%
Low/High 0.9764 - 0.9968
Charts

Lead July 20,05:39
Bid/Ask 0.8225 - 0.8230
Change +0.0059 +0.72%
Low/High 0.8128 - 0.8245
Charts

Uranium Jul 13, 2020
Ux U308 price: 32.30
Change from
previous week -0.50

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https://lta.reuters.com/articulo/japon- ... AKCN24L0QO

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China’s property market is rebounding from the coronavirus crisis, but some warn it may overheat
PUBLISHED SUN, JUL 19 20209:12 PM EDT
Weizhen Tan
@WEIZENT
Housing sales in the country plummeted at the outset of the pandemic as China’s economy shut down. But official data pointed to a recovery in transactions as the country reopened.
The sector offers opportunities for bond investors as developers get back on their feet, analysts say.
But others warn of a potential property bubble, as some Chinese cities this week imposed new restrictions on housing purchases to curb speculation.
Residential buildings under construction in Shenzhen, China, on Tuesday, Aug. 23, 2016.
Residential buildings under construction in Shenzhen, China, on Tuesday, Aug. 23, 2016.
Qilai Shen | Getty Images
China’s housing market is showing signs of recovery after the coronavirus crisis and analysts say that offers bond investors opportunities as developers get back on their feet.

“Urbanization and upgrading are key demand drivers. Property prices are recovering and developer profitability is improving,” Hayden Briscoe, head of fixed income for Asia Pacific at UBS Asset Management, said in a briefing on the firm’s mid-year outlook earlier this month.


Briscoe said the firm is positive on larger developers, which are growing market share as smaller players exit the industry. Commercial property, however, should be avoided as it could be facing downward rental pressure due to the outbreak, he said.

Ratings giant Moody’s said industry consolidation will continue in the next 12 to 18 months. The agency said it expects its “rated developers will continue to outperform the general market because of their strong sales execution abilities and branding. They will increase their market share as weaker developers are forced out of the market.”

Housing sales in the country plummeted at the outset of the pandemic as China’s economy shut down. But official data pointed to a recovery in transactions as the country reopened.

Property sales by floor area jumped 9.7% in May, compared with a 2.1% fall in April, according to Reuters. Funds raised by China’s property developers fell 6.1% in the January to May period, compared to a 10.4% drop for the first four months of 2020, the report said.

“China’s recovery will benefit Asian high-yield bonds directly as China’s share of the Asian high-yield universe is close to 50%,” Briscoe added.

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https://www.wsj.com/articles/chevron-ne ... 02?mod=mhp

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https://www.wsj.com/articles/for-some-s ... 01?mod=mhp

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https://www.wsj.com/articles/for-some-s ... 01?mod=mhp

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https://www.bloomberg.com/news/articles ... nd=premium

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Stocks making the biggest moves in the premarket: Halliburton, Chevron, eBay, Delta & more
PUBLISHED MON, JUL 20 20207:42 AM EDTUPDATED 35 MIN AGO
Peter Schacknow
@PETERSCHACK
WATCH NOW
VIDEO01:00
Wall Street points toward modest losses at open
Take a look at some of the biggest movers in the premarket:

Halliburton (HAL) – The oilfield services company earned 5 cents per share for its latest quarter, compared to Wall Street forecasts of an 11 cents per share loss. Revenue came in below estimates, however, amid a significant drop in global activity.


Noble Energy (NBL) – Chevron (CVX) will buy Noble Energy in a $5 billion stock-swap deal, valuing Noble at 7.6 percent above its Friday close. It is the largest oil patch takeover deal since the pandemic hit.

Cal-Maine Foods (CALM) – The nation’s largest egg producer reported quarterly profit of $1.24 per share, 4 cents a share above estimates. Revenue was slightly below forecasts. Cal-Maine benefitted from a rebound in egg prices following a long period of depressed prices, as consumers stocked up due to shelter-in-place orders. The company will not pay a fourth-quarter dividend, based on the metrics involved in its variable dividend policy.

EBay (EBAY) – EBay is near a deal to sell its classified ads unit to Norway’s Adevinta for roughly $8 billion, according to The Wall Street Journal. A cash-and-stock deal could be announced as soon as today.

Nikola (NKLA) – The electric truck maker’s shares are under pressure after the company filed for a new stock offering of up to 53.4 million shares related to warrants.

Facebook (FB) – Walt Disney (DIS) is slashing ad spending on Facebook, according to The Wall Street Journal, joining hundreds of other companies that have paused ad spending on the social media giant’s platform. Disney was Facebook’s top U.S. advertiser during the first half of 2020.


Southwest Airlines (LUV) – Nearly a quarter of Southwest Airlines’ pilots have accepted either early retirement or voluntary leave offers, according to a memo seen by CNBC. About 2,230 pilots will leave the airline after accepting those offers.

Delta Air Lines (DAL) – Delta told pilots that furloughs could be avoided if they agree to a reduction in guaranteed minimum pay, according to CNBC.

KKR (KKR) – KKR is in talks about a potential $4 billion acquisition of French medical clinic and hospital operator Elsan, according to a Bloomberg report. Elsan is currently owned by private-equity firm CVS Capital Partners.

GlaxoSmithKline (GSK) – The drugmaker is buying a 10% stake in German biotech firm CureVac, betting on the success of the mRNA technology currently being used to develop Covid-19 vaccines.

Uber Technologies (UBER) – The ride-hailing company has signed a four-year agreement with Alphabet’s (GOOGL) unit to use the Google Maps Platform Rides and Deliveries Services. Financial terms were not disclosed.

Starbucks (SBUX) – Starbucks was rated “overweight” in new coverage at Wells Fargo Securities, which said the strength of the coffee chain’s business model may be underappreciated in the face of Covid-19 related disruptions.

Amazon (AMZN) – Goldman and Jefferies both raised price targets on Amazon stock to a Street-high $3,800 per share, with both pointing to accelerated online spending this year. Amazon shares have fallen for the past five sessions, the longest losing streak since late May. Its 7.4% decline last week was its largest weekly drop since late February.

Boeing (BA) – Boeing is running out of space to store newly built 787 Dreamliners, according to a Bloomberg report, with more than 50 jets currently on its premises.

Moderna (MRNA) – J.P. Morgan Securities downgraded the drugmaker’s stock to “neutral” from “overweight” in a valuation call, given the stock’s nearly fivefold gain year-to-date. The firm emphasizes the call is not based on any diminished expectations about Moderna’s progress in developing a Covid-19 vaccine and that it is still bullish on the company long term.

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Chevron to buy Noble Energy in a $5 billion deal
PUBLISHED MON, JUL 20 20206:44 AM EDT
Reuters
Chevron agreed to buy Noble Energy in an all-stock deal, valuing the Houston-based oil and gas producer at $5 billion.
The offer values Noble at $10.38 a share or 0.1191 Chevron share, a 7.5% premium to Noble’s Friday close.
The deal would value Noble at roughly $13 billion, including debt.

Diego J. Robles | The Denver Post | Getty Images
Oil major Chevron said on Monday it agreed to buy Noble Energy in an all-stock deal, valuing the Houston-based oil and gas producer at $5 billion.

The offer values Noble at $10.38 a share or 0.1191 Chevron share, a 7.5% premium to Noble’s Friday close. The deal would value Noble at roughly $13 billion, including debt.


Noble’s assets will expand Chevron’s presence in the DJ Basin of Colorado and the Permian Basin across West Texas and New Mexico. They would also add to Chevron’s assets in the eastern Mediterranean and West Africa and yield potential annual cost savings of $300 million.

Chevron’s offer comes more than a year after it was forced to abandon its takeover bid for Anadarko Petroleum, outmaneuvered by Occidental Petroleum’s higher offer.

Shale producers have been hit hard as oil prices collapsed in April due to the pandemic and a brief price war between Saudi Arabia and Russia, leading many companies to seek bankruptcy protection.

While prices have recovered from their lows, they remain depressed as a new surge of Covid-19 cases threaten to stall recovery in fuel demand.

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https://lta.reuters.com/articulo/chevro ... L1C8-OUSLT

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LAST CHG %CHG
DJIA 26677.24 5.29 0.02
S&P 500 3226.07 1.34 0.04
Nasdaq Composite 10526.52 23.33 0.22
Japan: Nikkei 225 22717.48 21.06 0.09
UK: FTSE 100 6269.00 -21.30 -0.34
Crude Oil Futures 40.29 -0.30 -0.74
Gold Futures 1818.10 8.10 0.45
Yen 107.15 0.12 0.11
Euro 1.1426