Monday, March 14, 2016

Wall Street under pressure with oil, until the Fed –

( – Wall Street consolidates Monday, with relapse in crude. The trend therefore remains cautious before the Fed meeting. On the Nymex, a barrel of crude flexes nearly 4% in the $ 37 area, while Iran has dampened hopes for short-term agreement on a production freeze … The DJIA currently yields 0, 02% at 17 211 pts, while the Nasdaq takes 0.02% to 4.749 pts. The S & amp; P500 gives up 0.23% at 2,018 pts

No significant statistic is not expected across the Atlantic on Monday

The serious things really resume tomorrow, Tuesday, a.. economically in the US, with the index of producer prices, retail sales, manufacturing index Empire State ‘of the New York Fed, stocks and corporate sales, as well as the index of real estate market NAHB (National Association of Home Builders).

the Fed also held tomorrow and Wednesday’s monetary policy meeting. The Monetary release will be issued on Wednesday night, with forecasts of the FOMC. The Janet Yellen press conference, the Fed chairman, will take place in the wake

Traders expect a monetary status quo from the Fed, but still expect a continuation of the cycle -. Very gradual – of monetary tightening later in the year.

remember that the United States rose last Sunday in summer time. Thus, the Wall Street session begins at 14:30 French time and ends at 21 pm, and this for two weeks.


Starwood Hotels (+ 7%). The American hotel group has received an unsolicited offer from a consortium, led by Anbang Insurance Group, for 76 dollars per share. A proposal that could jeopardize the planned merger with Marriott International . The latter agreed last November to spend $ 12.2 billion to acquire Starwood Hotels.

Marriott (+ 2%) has for its part confirmed its commitment to acquire Starwood Hotels to create the largest hotel company in the world. The combined company will offer shareholders a significant potential and greater long-term value driven by a greater global presence and a greater choice of brands, the company said. Marriott is confident that the previously announced merger agreement is the best choice for both companies.

General Electric (stable). John Flannery, CEO of the entity GE Healthcare, said during an investor meeting that the priority was to improve margins. According to comments relayed by Reuters, GE Health intends to increase its operating margin to 18% or more by 2018, against 16.3% last year. For this, the unit will increase its cost cutting and focus on digital services activities.

Apple (stable) will hold its next “keynote” on Monday March 21, within its campus in California. “Let us loop you in” ( “Let us put you in the loop”): the enigmatic phrase that is on the invitation sent to the press, with particular reference to “Infinite Loop”, the street encircling the main buildings of the headquarters of the company. The Cupertino could use the event to introduce a new iPhone, perhaps smaller or entry, or a new iPad model …

Goldman Sachs (stable), through its investment management arm, has agreed the acquisition of Honest Dollar platform active in retirement savings online services. Honest Dollar is based in Texas, in Austin. The detailed terms of the transaction were not disclosed. The completion is expected in the second quarter, 2016.

United Continental (+ 1%). The two investment funds, PAR Capital Management and Altimeter Capital Management, who have declared war on the company’s board of directors oppose new powers claimed by the executive director, Oscar Munoz, and his remuneration. Reuters, citing a person familiar with the shows that the two funds, which together hold 7.1% of UAL, supporting Oscar Munoz as CEO but do not want to see it become Chairman. And while the group has refused the appointment of Gordon Bethune, former CEO of Continental, at this position. The two shareholders, who demand the appointment of six new directors also believe that the signing bonus of $ 12 million granted by the Council O.Munoz would have more to be linked to the performance of the company.

the United boss is back to work Monday after having to undergo a heart transplant at the end of last year following a heart attack occurred last October 15.

Tesla 3% back in a rather active market that day on Wall Street. The record profits of a consulting firm RW Baird, who has just revised its recommendation to “neutral” to “outperform.” The target price is raised specialist meanwhile 230 to $ 300.

According to the broker, Tesla should benefit from an acceleration of its production, which would have seen the signals. This acceleration should support deliveries and allow a margin expansion. In addition, the high proportion of short sales (about 35% of the capital!) On the Tesla folder could cause a rally at the output of Model 3, the famous model of the public firm Elon Musk.

Apollo Global Management (stable) has agreed the acquisition of grocery group the Fresh Market (+ 24%!) for $ 1.4 billion in cash. This is the third acquisition of over one billion announced by Apollo in less than two months. The offer is denominated at $ 28.5 per share Fresh Market, an honorable 24% premium on the closing price reported Friday on Wall Street. The board of Fresh Market has conducted a detailed review of strategic alternatives before accepting the proposal of Apollo. Fresh Market, North Carolina firm, was founded in 1982 by Ray Berry, who left the capital.

  – © 2016


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