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Msg  66048 of 66262  at  10/21/2019 2:31:48 PM  by

carswell


Coffee/Summaries



In Today's Morning Coffee...
BEFORE THE OPEN
Source: Thomson Reuters
  • Futures for Canada’s main stock index and Wall Street’s major indexes were higher, along with Asian stocks, on hopes for progress towards resolving the trade war after Chinese Vice Premier Liu He said on Saturday that China will work with the United States to address each other's core concerns
  • European shares added gains with investors turning focus to earnings, while remaining hopeful that Britain would avoid a disorderly exit from the European Union
  • In currencies, the pound recovered earlier losses and against a basket of major currencies, the U.S. dollar edged lower
  • Oil fell on economic growth worries and signs of ample global supplies
  • Gold prices were steady
EARNINGS SPOTLIGHT
Source: Thomson Reuters

Halliburton Co (HAL):
  • The company reported a 32% slump in quarterly profit, hit by weak demand for its services and equipment from oil and gas producers in North America, its biggest market
  • Revenue from North America fell 21% in the third quarter, primarily due to lower activity and pricing in pressure pumping
  • Net profit attributable to Halliburton fell to $295 million, or 34 cents per share, in the third quarter ended Sept. 30, from $435 million, or 50 cents per share, a year earlier
  • Revenue fell 10% to $5.55 billion, below analysts' average estimate of $5.80 billion
STOCKS IN THE NEWS
Source: Thomson Reuters

SAP SE (SAP):
  • The business software group said it had reached a three-year deal with Microsoft to help its large enterprise customers move their business processes into the cloud
  • In the third quarter, SAP reported a 10% increase in revenue and a 15% rise in operating profit, after adjusting one-off items and currencies, helping it to achieve an expansion of 1.7% in its operating margins
  • The company reiterated its forecast for the year and through to 2023
Barrick Gold Corp (ABX):
  • The company said it had reached a deal to settle a long-running tax dispute between Tanzania and mining group Acacia, which Barrick bought in a $1.2 billion transaction approved by a British court last month
  • The tax deal includes the payment of $300 million to settle outstanding tax and other disputes, the lifting of a concentrate export ban, and the sharing of future economic benefits from mines on a 50-50 basis
Boeing Co (BA):
  • The company said on Sunday it understood the outcry over leaked messages from a former test pilot over erratic software behavior on its 737 MAX jet two years before recent crashes, and added it was still investigating what they meant
  • The planemaker, under growing pressure to explain what it knew about 737 MAX problems before it entered service, said it had not been able to speak directly to former employee Mark Forkner
Goldman Sachs Group Inc (GS):
  • An investment banker at the company has been released on bond and placed on leave by the firm after allegedly being involved in an insider trading scheme
  • Bryan Cohen, a vice president at Goldman Sachs who works in the Consumer Retail industry group, was arrested early Friday on charges of conspiracy to commit securities fraud
THINGS TO KNOW
Source: Bloomberg Finance L.P.
  • British Prime Minister Boris Johnson will ask the EU for an extension, as his Brexit deal could not get through Parliament last Saturday
  • Despite last week’s 6% GDP growth, China does not look to increase monetary stimulus
Columbia Care Inc.* (CCHW: $4.00)
CI Financial Corp.* (CIX: $19.09)
Corus Entertainment Inc. Class B* (CJR.B: $5.24)
Gildan Activewear Inc.* (GIL: $34.53)
Kinaxis, Inc.* (KXS: $81.69)
Painted Pony Energy Ltd Class A* (PONY: $0.62)
Alkaline Water Co., Inc.* (WTER: $5.45)


Badger Meter, Inc.* (BMI: $60.17)
Intuitive Surgical, Inc.* (ISRG: $566.25)
Livongo Health, Inc.* (LVGO: $20.62)
Regeneron Pharmaceuticals, Inc.* (REGN: $300.19)
Atlassian Corp. Plc Class A* (TEAM: $116.86)

INDUSTRY UPDATE
Oil
Cannabis

MORNING INK REPORT
Will it be three times lucky for Prophecy?

MACRO - EVENT SCHEDULE
Source: Bloomberg Finance L.P.

MOST READ NEWS
Source: Bloomberg Finance L.P.
Pound Reaches Highest Since May on Brexit Breakthrough Optimism

“It is in your moments of decision that your destiny is shaped.”

- Tony Robbins

ASSET CLASS PERFORMANCE
Source: FactSet
*All numbers presented on the table below is based on total return



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