Analytics, 07 January 2020
Daily comment Jan 7
- Wall St opens lower
- TSLA +1.7%, lunched Model Y program in China
- APA +17.2% on significant oil discovery
- Uber, Hyundai to collaborate on air-taxi project
- CES 2020 kicks off today
- WTI -1.2%
Market movers:
- Tesla (+1.7%) officially lunched Model Y program in China. Elon Mask also announced plans to create engineering center in China to develop future cars for the Global market. https://cnb.cx/35xOMsl
- Uber (+1%) and Hyundai are collaborating in development of electric air-vehicle under Uber air-taxi project. https://reut.rs/36AWjIc
- PayPal (+1%): Bernstein analyst upgraded recommendation to “outperform” setting a PT $130 (16% upside). https://bit.ly/2Fp7zvp
- Alphabet (+0.1%): Fitbit shareholders approved company’s acquisition by Google. https://bit.ly/37ICuib
Macro:
- Pentagon plans to send B-52 bombers and more forces to Middle East. https://on.wsj.com/2Fr4hYi
- People’s Bank of China released data showing FX reserves rose to $3.108tn, six months high, in December. https://bit.ly/2QtWyiH
- Analysts estimate minimum 0.4% hit on Australia’s GDP caused by fires. https://reut.rs/2FuPxHX
- Finland new PM proposed four-day working week in the country. https://cnb.cx/2N33qkN
Commodities:
- WTI (-1.2%): Oil dipped as investors weight the effect on oil supply disruption caused by Middle East tensions.
- Apache (+17.2%) and Total (-0.4%) announced finding a significant oil discovery offshore Suriname. https://bit.ly/2umHwCB
Coming up:
- This week (1/7-1/10): CES 2020 conference in Las Vegas