Daily comment Jan 27

Analytics, 27 January 2020

Companies:

Starbucks (-3.2%): The Co. temporary closed all its shops in China’s Hubei province. https://yhoo.it/36xkma9
Boeing (-1.5%): A passenger plane belonging to Ariana Afghan Airlines crashed in Afghanistan killing 83 people on board. https://cnb.cx/2S5Yq0P
Apple (-2.8%): Analyst at Rosenblatt lifted his PT on Apple to $250 from $150 citing strong demand on Air Pods. The analyst warned however on possible shift to lower-cost iPhone model. https://bit.ly/2O3t5dG
Alphabet (-2.4%): Attorney State General will meet DoJ over Google probe next week. https://on.wsj.com/36ueUox
Electric vehicle startup Rivian unveiled its new SUV and pick-up at the event yesterday. https://reut.rs/37wLeIK

Macro:

China’s Coronavirus already infected over 2800 people while killing ~80 around the world. From the economic side the first estimations show ~40% y/y decline in air-travel and other types of transportation during the 1st day of Lunar New Year. https://cnb.cx/3aVK1Ng
US Treasury Secretary Steven Mnuchin hopes to complete a trade pact with UK during the 2020 after the Brexit. https://on.wsj.com/3aODYK4

Commodities:

WTI (-2.6%): OPEC+ held a meeting discussing further oil production cuts amid falling prices caused by Coronavirus. https://on.ft.com/36oFHm8
Hedge funds increased net-long positions on WTI by 2.8% in the week ended Jan. 21, the most in a month: Bloomberg
Saudi EnMin sees a limited impact on oil demand caused by China’ virus. https://bloom.bg/30XMdir

Coming up:

Company / Analytics