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Msg  66668 of 68234  at  1/21/2020 11:46:17 AM  by

carswell


Coffee/Summaries


BEFORE THE OPEN
Source: Thomson Reuters
  • Futures for Canada’s main stock index traded lower, dragged down by oil prices which fell on easing supply disruption concerns from Libya
  • Wall Street futures and global stocks took a hit from fears of an economic fallout from a new coronavirus outbreak originating in China
  • Safe-haven gold pared gains, while the U.S. dollar steadied
  • Manufacturing data is due for release
EARNINGS SPOTLIGHTS
Source: Thomson Reuters

Halliburton Co (HAL):
  • The company swung to a loss in the fourth-quarter as it took a charge of $2.2 billion on its fracking business due to falling demand from oil and gas producers in North America, its largest market
  • The company reported a net loss attributable to it of $1.7 billion, or $1.88 per share, compared with a profit of $664 million, or 76 cents per share, a year earlier
Logitech International SA (LOGI):
  • The company reported a 5.9% rise in adjusted operating income for the third quarter, boosted by higher demand for its gaming and video conferencing products
  • Adjusted operating income rose to $151.7 million in the quarter ended Dec. 31 from $143.2 million a year earlier
  • Logitech, which makes computer peripherals such as keyboards and mouse, said its sales rose 4.4% to $902.7 million in the quarter, edging past analysts' estimates of $900 million, according to IBES data from Refinitiv
UBS Group (UBS):
  • UBS missed profit and cost targets for 2019 as wealthy clients pulled money in the fourth quarter, adding to chief executive Sergio Ermotti's challenges as he dials back some of the bank's financial goals
  • Outflows from two large clients in Latin America and the United States contributed to a $4.7 billion outflow of net new money last quarter
  • UBS is now targeting an overall return on core capital of 12-15% through 2022 after posting a 12.4% return last year, below a 15% goal. It is targeting a 75-78% cost-income ratio in the same period
  • UBS' finished the year with a 129% rise in net profit for the final quarter of 2019, but that performance benefited from a comparison with the final months of 2018 when a market rout hurt earnings
  • Profit for the full year fell 5%
STOCKS IN THE NEWS
Source: Thomson Reuters

Alphabet Inc (GOOGL):
  • The EU's proposal for a temporary ban on facial-recognition technology won backing from Alphabet Chief Executive Sundar Pichai on Monday but got a cool response from Microsoft President Brad Smith
  • While Pichai cited the possibility that the technology could be used for nefarious purposes as a reason for a moratorium, Smith said a ban was akin to using a meat cleaver instead of a scalpel to solve potential problems
Apple Inc (AAPL):
  • The company dropped plans to let iPhone users fully encrypt backups of their devices in the company's iCloud service after the FBI complained that the move would harm investigations, six sources familiar with the matter told Reuter
  • The tech giant's reversal, about two years ago, has not previously been reported
  • It shows how much Apple has been willing to help U.S. law enforcement and intelligence agencies, despite taking a harder line in high-profile legal disputes with the government and casting itself as a defender of its customers' information
Tesla Inc (TSLA):
  • The company said on Monday there was no unintended acceleration in its vehicles, as it responded to a petition to a U.S. safety regulator to investigate and recall around 500,000 of the company's electric cars over the alleged defect
  • Tesla said the petition was "completely false" and was brought forward by a short-seller
  • Brian Sparks, who is currently shorting Tesla stock, according to CNBC, submitted the petition in September
Walt Disney Co (DIS):
  • The company said it had moved up the launch of its video streaming service, Disney+, to March 24 in the United Kingdom and regions across Western Europe by a week, ahead of its earlier launch schedule of March 31
  • Disney+ would be available in the UK and Ireland for 5.99 pounds per month or 59.99 pounds every year, and in France, Germany, Italy, Spain, Switzerland and Austria for 6.99 euros per month or 69.99 euros annually
THINGS TO KNOW
Source: Bloomberg Finance L.P.
  • Six people in China have been killed due to the unknown respiratory disease, the outbreak seems to be uncontrollable
  • Democrats are accusing Trump of “high crimes and misdemeanors”, his impeachment is set to being today at 1:00 PM in Washington
CES Energy Solutions Corp* (CEU: $2.10)
Rogers Communications Inc. Class B* (RCI.B: $64.75)
SilverCrest Metals, Inc.* (SIL: $8.80)
Trevali Mining Corporation* (TV: $0.26)



N/A

INDUSTRY UPDATE
Oil

MORNING INK REPORT
Insiders buy as Empire goes on sale

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

MOST READ NEWS
Source: Bloomberg Finance L.P.
China Virus Spreads to Health Workers; Six Patients Dead

“Happiness is not something ready made. It comes from your own actions."

- Dalai Lama

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


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