2020-09-10 13:55:27 JDDSF JD Sports Fashion
09/10/20 09/1013:55 09/10/2013:55 | JD Sports Fashion price target raised to 850 GBp from 790 GBp at Credit SuisseCredit Suisse analyst Szilvia Bor raised the firm's price target on JD Sports Fashion to 850 GBp from 790 GBp and keeps an Outperform rating on the shares. | |
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Goldman upgrades Infineon on 'extremely powerful' electric vehicle push »
08:32 01/18/21 01/1808:32 01/18/2108:32
IFNNY
Infineon
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Bear Creek Mining resumed with an Outperform at BMO Capital »
08:27 01/18/21 01/1808:27 01/18/2108:27
BCEKF
Bear Creek Mining
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First Quantum downgraded to Market Perform from Outperform at BMO Capital »
08:25 01/18/21 01/1808:25 01/18/2108:25
FQVLF
First Quantum Minerals
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Bendigo and Adelaide downgraded to Sell from Neutral at Goldman Sachs »
08:24 01/18/21 01/1808:24 01/18/2108:24
BXRBF
Bendigo and Adelaide
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IMI PLC upgraded to Conviction Buy from Buy at Goldman Sachs »
08:21 01/18/21 01/1808:21 01/18/2108:21
IMIAY
IMI PLC
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Atlas Copco upgraded to Conviction Buy from Buy at Goldman Sachs »
08:17 01/18/21 01/1808:17 01/18/2108:17
ATLKY
Atlas Copco
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Tokyo Gas upgraded to Neutral from Sell at Goldman Sachs »
08:13 01/18/21 01/1808:13 01/18/2108:13
TKGSY
Tokyo Gas
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Lumos Pharma management to meet virtually with Cantor Fitzgerald »
04:55 01/18/21 01/1804:55 01/18/2104:55
LUMO
Lumos Pharma
Virtual Meeting to be… Virtual Meeting to be held on January 18 hosted by Cantor Fitzgerald. ShowHide Related Items >><<
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| FX Update: The DXY dollar… FX Update: The DXY dollar index has posted a one-month high at 90.88, which sets up potential for a third consecutive up week, which is something that hasn't been seen since January last year. Other currencies have mostly softened, especially the dollar bloc and other cyclical currencies as global stock markets have continued to sputter. Chinese equities have been the exception, with the CSI 300 showing over a 1% gain in the late afternoon session having rebounded out of early declines following strong growth data. China Q4 GDP rose 6.5% y/y, beating the median forecast for 6.1%, with full-year growth coming in at 2.3%, which is impressive given all other major economies contracted. Equity markets in Asia outside of China failed to catch a coattail, with the main indices in Japan, South Korea and Australia, for instance, all racking up fairly hefty declines. Stock markets around the world have lost the 'great reflation trade' spirit that had been so strong in November and December. Various factors seem to account for this. One is that the winter surge in Covid across the densely populated northern hemisphere has been perhaps worse than many had been anticipating, leading to tight societal restrictions across major economic areas, albeit not as severe as seen during the 'mother lockdowns' seen in the first wave. New variants in the SARS-Cov2 coronavirus has been a further concern, given the risk they could render current vaccinations less effective or even ineffective (a better understanding about this should emerge over the coming weeks). This has come asset valuations at lofty levels, ranging from the record highs in U.S. indices to the nine-year highs in iron ore prices, and with investors relatively low on spare cash. In the mix was an apparent sell-the-fact type of reaction after U.S. president-elect Biden last Thursday confirmed a $1.9 tln fiscal spending package. The transition of political power in the U.S. this Friday is also being viewed as something of a risk event, given the threat of violent protests. The cautious sentiment looks likely to persist for now. |
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Fly Intel: Top five weekend stock stories »
19:54 01/17/21 01/1719:54 01/17/2119:54
NVDA
Nvidia
Toll Brothers
3M
Alphabet Class A
Alphabet
Intel
Apple
Samsung
AMD
GameStop
Catch up on the… Catch up on the weekend's top five stories with this list compiled by The Fly: 1. The Trump administration notified Huawei suppliers, including chipmaker Intel (INTC), that it is revoking certain licenses to sell to the Chinese company and intends to reject dozens of other applications to supply the telecommunications company, Reuters' Karen Freifeld and Alexandra Alper reported, citing people familiar with the matter. The action - likely the last against Huawei Technologies under Republican President Donald Trump - is the latest in a long-running effort to weaken the world's largest telecommunications equipment maker, which it says is a threat to U.S. national security and foreign policy interests, the authors noted. 2. Apple (AAPL) has begun early work on an iPhone with a foldable screen, a potential rival to similar devices from Samsung (SSNLF) and others, though it's planning only minor changes for this year's iPhone line, Bloomberg's Mark Gurman reported. The company has developed prototype foldable screens for internal testing, but hasn't solidified plans to actually launch a foldable iPhone, the author note. The development work hasn't expanded beyond a display, meaning Apple doesn't yet have full handset prototypes in its labs, according to a person familiar with the work. 3. Just over twenty years ago, Pat Gelsinger became Intel's first-ever chief technology officer and now he is back, with the CEO job he presumably wanted all along, Max Cherney wrote in this week's edition of Barron's. Gelsinger has his work cut out for him, the author added, noting that a series of manufacturing problems at Intel have allowed rivals AMD (AMD) and Nvidia (NVDA) to take share in key chip markets. Gelsinger's appointment is a step in the right direction, but a rebound will still take time, the publication contended. 4. State attorneys general are planning another lawsuit against Google (GOOG), this one focused on the search and advertising giant's Play Store for Android phones, according to Reuters, citing two sources familiar with the matter. The lawsuit is expected to be filed in February or March, the sources said, and it would follow complaints about Google's management of its Play Store even though the company was originally seen as more open about its app store than Apple. 5. 3M (MMM) and Toll Brothers (TOL) saw positive mentions in this week's edition of Barron's, while GameStop (GME) was mentioned cautiously. ShowHide Related Items >><<
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Biden indicates plans to cancel Keystone XL pipeline permit, CBC News says »
19:50 01/17/21 01/1719:50 01/17/2119:50
TRP
TC Energy
U.S. president-elect Joe… U.S. president-elect Joe Biden has indicated plans to cancel the Keystone XL pipeline permit via executive action on his first day in office, CBC News' Kyle Bakx reports, citing sources. The words "Rescind Keystone XL pipeline permit" appear on a list of executive actions supposedly scheduled for Day 1 of Biden's presidency, the author notes. Reference Link ShowHide Related Items >><<
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Pakistan approves AstraZeneca COVID vaccine for emergency use, Reuters says »
17:18 01/17/21 01/1717:18 01/17/2117:18
AZN
AstraZeneca
AstraZeneca's… AstraZeneca's COVID-19 vaccine has been approved for emergency use in Pakistan, the health minister said, making it the first coronavirus vaccine to get the green light for use in the South Asian country, Reuters' Asif Shahzad reports. Reference Link ShowHide Related Items >><<
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Facebook to ban ads promoting weapon accessories, protective gear, Reuters says »
17:13 01/17/21 01/1717:13 01/17/2117:13
FB
Facebook said it will ban… Facebook said it will ban advertisements for weapon accessories and protective equipment in the United States with immediate effect until at least two days after U.S. President-elect Joe Biden's inauguration on Jan. 20, according to Reuters. "We already prohibit ads for weapons, ammunition and weapon enhancements like silencers. But we will now also prohibit ads for accessories," Facebook said. Reference Link ShowHide Related Items >><<
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Amazon facing backlash from Indian lawmakers over 'Tandav,' Reuters reports »
17:10 01/17/21 01/1717:10 01/17/2117:10
AMZN
Amazon.com
A local official from… A local official from India's ruling Hindu nationalist party on Sunday registered a police complaint against an Amazon Prime web series alleging it insults Hindu gods and goddesses, and threatened to launch a protest at the company's office in Mumbai, Reuters' Rajendra Jadhav reports. The political drama "Tandav" also drew the ire of other lawmakers from the Bharatiya Janata Party, causing fresh controversy for the e-commerce giant which last year had to withdraw dozens of rugs and doormats depicting Hindu gods from its international Amazon.com platform after a backlash in India, the author notes. Reference Link ShowHide Related Items >><<
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Yellen to say U.S. doesn't seek weaker dollar, WSJ reports »
17:08 01/17/21 01/1717:08 01/17/2117:08
SPX
S&P 500
SPDR S&P 500 ETF Trust
Janet Yellen is expected… Janet Yellen is expected to affirm the U.S.'s commitment to market-determined exchange rates when she testifies on Capitol Hill Tuesday, and she will make clear the U.S. doesn't seek a weaker dollar for competitive advantage, The Wall Street Journal's Kate Davidson reports, citing Biden transition officials familiar with her hearing preparation. Reference Link ShowHide Related Items >><<
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Trump admin slams China's Huawei, halting shipments from Intel, Reuters says »
17:03 01/17/21 01/1717:03 01/17/2117:03
INTC
Intel
The Trump administration… The Trump administration notified Huawei suppliers, including chipmaker Intel, that it is revoking certain licenses to sell to the Chinese company and intends to reject dozens of other applications to supply the telecommunications company, Reuters' Karen Freifeld and Alexandra Alper report, citing people familiar with the matter. The action - likely the last against Huawei Technologies under Republican President Donald Trump - is the latest in a long-running effort to weaken the world's largest telecommunications equipment maker, which it says is a threat to U.S. national security and foreign policy interests, the authors note. Reference Link ShowHide Related Items >><<
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Exxon SEC probe highlights concerns over shale reserves, Bloomberg says »
16:59 01/17/21 01/1716:59 01/17/2116:59
XOM
Exxon Mobil
The Securities and… The Securities and Exchange Commission's reported investigation into how ExxonMobil values shale assets follows years of concerns about the industry's rosy projections, which have left hundreds of billions of dollars of investor losses and writedowns, Bloomberg's Kevin Crowley and Rachel Adams-Heard report. Exxon is accused in a whistleblower complaint of inflating the value of a key asset in the Permian Basin and making drilling plans that were too optimistic, the publication notes. Reference Link ShowHide Related Items >><<
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Apple considering foldable iPhone, minor changes for 2021 models, Bloomberg says »
15:58 01/17/21 01/1715:58 01/17/2115:58
SSNLF
Samsung
Apple
Apple (AAPL) has begun… Apple (AAPL) has begun early work on an iPhone with a foldable screen, a potential rival to similar devices from Samsung (SSNLF) and others, though it's planning only minor changes for this year's iPhone line, Bloomberg's Mark Gurman reports. The company has developed prototype foldable screens for internal testing, but hasn't solidified plans to actually launch a foldable iPhone, the author notes. The development work hasn't expanded beyond a display, meaning Apple doesn't yet have full handset prototypes in its labs, according to a person familiar with the work. Reference Link ShowHide Related Items >><<
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Google might face 4th government suit over business practices, Reuters says »
15:55 01/17/21 01/1715:55 01/17/2115:55
AAPL
Apple
Alphabet Class A
Alphabet
State attorneys general… State attorneys general are planning another lawsuit against Google (GOOG), this one focused on the search and advertising giant's Play Store for Android phones, according to Reuters, citing two sources familiar with the matter. The lawsuit is expected to be filed in February or March, the sources said, and it would follow complaints about Google's management of its Play Store even though the company was originally seen as more open about its app store than Apple (AAPL). Reference Link ShowHide Related Items >><<
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GM to invest $800M for EV output at Ontario plant, Bloomberg reports »
15:50 01/17/21 01/1715:50 01/17/2115:50
GM
General Motors
General Motors will… General Motors will invest nearly $800M to bring production of the BrightDrop EV600 electric vehicle to its CAMI manufacturing plant in Ontario, Canada, Bloomberg's Max Zimmerman and Michael Bellusci report. The investment will convert the factory into a large-scale electric delivery vehicle manufacturing plant to support GM's timing to deliver the EV600 in late 2021, the company. The agreement is subject to ratification with union Unifor and confirmation of government support. Reference Link ShowHide Related Items >><<
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Peloton rapid rise threatened by slow delivery, NY Times says »
15:45 01/17/21 01/1715:45 01/17/2115:45
PTON
Peloton
After more than… After more than quadrupling in value to more than $40B during the coronavirus pandemic, Peloton is now experiencing some serious growing pains, The New York Times' Sapna Maheshwari and Erin Griffith report. Some customers who ordered bikes as far back as October in expectation of having them for the holidays or in time to begin New Year's resolutions find themselves still waiting for deliveries, the authors note. While shortages of everything have become a pandemic norm, the complaints about Peloton are notable given the buzz surrounding the company and the cost of its luxury exercise products, the publication adds. Reference Link ShowHide Related Items >><<
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Nestle Prepared Foods recalls over 760,000 pounds of Hot Pockets »
15:38 01/17/21 01/1715:38 01/17/2115:38
NSRGY
Nestle
Nestle Prepared Foods is… Nestle Prepared Foods is recalling approximately 762,615 pounds of not-ready-to-eat pepperoni hot pockets product that may be contaminated with extraneous materials, specifically pieces of glass and hard plastic, the U.S. Department of Agriculture's Food Safety and Inspection Service announced. The frozen NRTE pepperoni hot pockets product was produced from Nov. 13, 2020 through Nov. 16, 2020. The product has a shelf life of 14 months. The problem was discovered when the company received four consumer complaints of extraneous material in the pepperoni hot pocket product. The company has received one report of a minor oral injury associated with consumption of this product. FSIS has received no additional reports of injury or illness from consumption of this product. Reference Link ShowHide Related Items >><<
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