$COTY
Coty Inc
PRICE
$7 ▼-1.13%
Extented Hours
VOLUME
13,388,276
DAY RANGE
6.8 - 7.17
52 WEEK
5.9 - 11.12
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@trademaster #TradeHouses
By Marc Jones LONDON (Reuters) - Stock markets stumbled on Tuesday as Wall Street opened lower, Europe gave up gains built on bumper BP (NYSE:BP) profits, while the euro was pegged back as the European Central Bank tried to cool interest rate hike expectations. Wall Street saw a groggy restart on disappointing Pfizer (NYSE:PFE) earnings, another slump in Facebook (NASDAQ:FB) owner Meta's shares and the collapse of Nvidia (NASDAQ:NVDA)'s mega deal to buy the firm that designs chips for the likes of Apple (NASDAQ:AAPL). Europe also turned red again although oil and mining shares were still clinging to positive territory after FTSE-listed BP reported a whopping $12.8 billion annual profit thanks to soaring gas and oil prices. (EU) It was BP's highest profit in eight years, working out at staggering $24,353 a minute - more than someone on minimum wages in major economies would earn in a year. It had also helped traders brush off Washington slapping warnings on another 33 Chinese firms and the sight of the 10-year U.S. Treasury yield - the most influential driver of global borrowing costs - hitting a new 2-year high. [.SS] Currency and bond market traders are currently laser-focused on which central banks will hike their interest rates the fastest and furthest this year following the rapid rise in global inflation. "Central banks globally have all engaged in a hawkish pivot," said BlueBay Asset Management's David Riley. "As their tolerance for higher inflation persistently is less than previously signalled we are shifting to a regime where there will be more macro volatility." Comments from ECB President Lagarde on Monday that there was currently no need for major monetary policy tightening weakened the euro for a second consecutive day. It had initially nudged down the bond yields - a proxy for borrowing costs - for high-debt countries such as Italy, Greece and Spain, although that reversed as Spain's ECB council member, Pablo Hernandez de Cos, spoke on Tuesday about gradual tightening. Italian government bonds duly whipsawed, with the 10-year yield first falling to 1.78% before rearing right back up to 1.85%. [GVD/EUR] CHOPPY CHINA U.S. stocks made a subdued open on Wall Street after the earnings disappointments and a fresh 1.2% drop in Facebook owner Meta's shares after billionaire investor Peter Thiel decided to step down from the company's board. Focus is also on inflation data this week that could offer more clues on the Fed's first post-COVID rate hike. Pfizer fell 3.7% in early trading as the drugmaker's forecasts for its COVID-19 vaccine and antiviral pills fell short of Wall Street estimates, while Coty (NYSE:COTY) jumped 3% after raising its forecasts. Asia's session had been volatile overnight too. MSCI's broadest index of Asia-Pacific shares ended flat overall but blue chip Chinese stocks dropped to a 19-month low after big tech firms' heavy losses and U.S. export warnings on 33 new Chinese firms. [.SS] (HK) The prospect of global rates rising had pushed Japanese government bond yields up too, while those on benchmark 10-year U.S. Treasuries briefly touched 1.96%. Back in the currency market Russia's rouble hit a four-week high after marathon talks between President Vladimir Putin and his French counterpart Emmanuel Macron have kept up hopes that war in Ukraine will be avoided. It helped oil come off Monday's seven-year high of $94 on Monday. It was trading lower at $92 also ahead of the resumption of indirect talks in Vienna later between the United States and Iran, which may revive a nuclear agreement that could eventually allow more oil exports from the OPEC producer. A deal could allow over 1 million barrels per day of Iranian oil, equal to over 1% of global supply, back onto the market, though that was still a distant possibility. Brent crude was down $1.30, or 1.4%, at $91.37 a barrel. U.S. West Texas Intermediate crude fell $1.55, or 1.4%, at $89.95. Eight rounds of indirect talks between Tehran and Washington since April have yet to result in an agreement on resuming the 2015 nuclear deal. Differences remain about the speed and scope of lifting sanctions on Tehran.
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@DaveDixon #CoreTrader
UK Market Finished lower yesterday, led by losses in travel and leisure sector stocks. Sirius Real Estate fell 3.9%, after the company announced that it would raise £135.0 million in a share placing to help fund the acquisition of commercial property firm, BizSpace. On the other hand, Investec climbed 7.1%, after the wealth manager upgraded its earning per share outlook for the first half of 2022. TI Fluid Systems advanced 5.9%, after a top broker upgraded its rating on the stock to ‘Overweight’ from ‘Neutral’. Playtech rose 2.5%, after the company received a takeover offer from Gopher Investments. Polymetal International gained 2.1%, after its board approved the construction of the Veduga gold project in the Krasnoyarsk region of Russia. The FTSE 100 slipped 0.1%, to close at 7,300.4, while the FTSE 250 fell 0.2%, to end at 23,539.9. . Europe Market Also finished mostly lower yesterday. Henkel dropped 5.1%, after the chemicals company forecasted its FY21 earnings to be below expectations. On the flipside, Siemens Gamesa Renewable climbed 8.9%, after the company reported upbeat results for the full year. Compagnie Financiere Richemont rose 2.1%, following reports that activist hedge fund, Third Point acquired a stake in the luxury goods firm. Covestro edged up 0.2%, after the company reported a jump in its income in the third quarter. The FTSEurofirst 300 index marginally fell to close at 1,870.1. Among other European markets, the German DAX Xetra 30 fell 0.1%, to close at 16,046.5, while the French CAC-40 advanced 0.1%, to settle at 7,047.5. . US Market losed higher yesterday, after the US Congress approved President Joe Biden’s $1 trillion infrastructure spending bill. Autolus Therapeutics surged 25.4%, following news that Blackstone would invest up to $250.0 million in the biotech company. Coty jumped 15.1%, after the beauty company reported stronger than expected revenue and earnings in the first quarter and raised its annual organic sales forecast. Advanced Micro Devices climbed 10.1%, after the semiconductor company announced that it had won a partnership with Meta, formerly known as Facebook. Regeneron Pharmaceuticals rose 1.8%, after the pharmaceutical company announced that its single dose of antibody cocktail could provide long term protection against Covid-19. On the contrary, Tesla fell 4.8%, following news that CEO Elon Musk asked his followers on Twitter if he should sell a portion of his stock in the company. The S&P 500 gained 0.1%, to settle at 4,701.7. The DJIA rose 0.3%, to settle at 36,432.2, while the NASDAQ advanced 0.1%, to close at 15,982.4. . Asia Market We’re trading lower this morning. In Japan, NTT Data and Toyobo have dropped 3.5% and 4.2%, respectively. Meanwhile, Isuzu Motors and Taisei have advanced 2.3% and 6.1%, respectively. In Hong Kong, CITIC and Hengan International Group have fallen 1.5% and 2.4%, respectively. Meanwhile, BYD and Li Ning have risen 1.7% and 2.7%, respectively. In South Korea, SK Chemicals and Century have declined 5.9% and 14.0%, respectively. Meanwhile, NHN and Jico have climbed 11.8% and 29.7%, respectively. The Nikkei 225 index is trading 0.6% lower at 29,319.2. The Hang Seng index is trading 0.1% down at 24,745.9, while the Kospi index is trading 0.3% lower at 2,952.6
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@DarkPoolAlgo #Dark Pool Charts
Monday, November 8, 2021 Futures Up/Down % Last Dow 72.00 0.20% 36,287 S&P 500 4.25 0.09% 4,694 Nasdaq 9.00 0.06% 16,360 U.S. futures are looking to open at new record highs (again) after Washington passed a smaller form of its highway, broadband and other infrastructure improvement spending deal this weekend, as the $1 trillion infrastructure bill passed through Congress on Friday. A very important week of economic data coming up with monthly CPI, PPI inflation data mid-week. Crypto assets rising to records ahead of the inflation reports as Bitcoin up 8% nearing $66K, Ethereum record highs up over 6% above $4,700, Litecoin tops $200, up over 5.75% as crypto assets surging again. Tech futures underperform following weakness in Tesla (TSLA) after its CEO Elon Musk on Saturday asked his 62.5 million followers on Twitter in a poll if he should sell 10% of his Tesla stock. The world’s richest person had previously said he could face a “massive” tax bill this year as he has to exercise a large number of stock options coming due next year. In Asian markets, The Nikkei Index fell -100 points to 29,507, the Shanghai Index rose 0.2% to just under 3,500, and the Hang Seng Index declined 100 points to 24,763. In Europe, the German DAX is down about -0.1% at 16,035, while the FTSE 100 is flat holding just above 7,300. Last week the S&P 500, Nasdaq and Dow notched their fifth straight weekly advances (longest streak for the S&P since Aug 2020); for the week, the S&P 500 rose 2%, the Dow added 1.42%, the Nasdaq gained 3.05% and the Russell 200o over 6%. The Nasdaq 100 (QQQ) notched its 10th winning session in a row on Friday while the S&P 500 scored another record high on Friday and booked a week of solid gains following a strong U.S. jobs report and positive data for Pfizer’s experimental pill against COVID-19, which helped boost travel and other economic reopen sectors. The news kept the run going for equities after investors earlier in the week digested the Federal Reserve’s decision to start reducing its monthly bond purchases put in place to support the economy. Market Closing Prices Yesterday The S&P 500 Index gained 17.47 points, or 0.37%, to 4,697.53 The Dow Jones Industrial Average rose 203.72 points, or 0.56%, to 36,327.95 The Nasdaq Composite climbed 31.28 points, or 0.20%, to 15,971.59 The Russell 2000 Index advanced 34.65 points, or 1.44% to 2,437.08 Events Calendar for Today No major U.S. economic data Earnings Calendar: Earnings Before the Open: ATRO, AXSM, BKI, COTY, DS, EDIT, EHTH, GATO, GTES, HLIO, KOS, LINC, NERV, NSSC, RDNT, RDUS, RETA, THS, TTD, USFD, VAC, VUZI, WOW, ZIXI Earnings After the Close: ACAD, AEIS, AEL, AMBC, AMC, AMPH, AMRS, APEI, APPF, APTS, ASUR, ATER, AVEO, BAND, BRP, CARA, CBT, CHRS, CLRS, CLOV, CSSE, CSTL, CXW, DDD, DOOR, ENV, FIVN, FLDM, FRPT, FSK, FTK, GOSS, HIL, IEA, IFF, IIN, INST, IPAR, JKHY, KERN, LMND, LOTZ, MRC, MRTX, MWA, NCMI, NEWR, NNI, NVRO, NVTA, OCIUL, OUST, PRA, PRI, PRIM, PYPL, RBLX, REAL, SANM, SCOR, SDC, SNCR, SPCE, SWSP, SWAV, SWX, TCMD, TREX, TRIP, TWO, XNCR, ZIOP, ZNGA Other Key Events: Credit Suisse 30th Annual Healthcare Conference, 11/8-11/11 (virtual) JPMorgan Global Consumer, Retail & Luxury Conference, 11/8-11/21 (virtual) EEI Financial Conference, 11/7-11/9 (virtual) REITWorld 2021 Annual Conference, 11/9-11/12 (virtual) Macro Up/Down Last Nymex 1.22 82.49 Brent 1.09 83.83 Gold -0.50 1,818.50 EUR/USD -0.0002 1.1564 JPY/USD 0.05 113.46 10-Year Note +0.032 1.485% World News China’s export growth moderated slightly to 27.1% yoy in October, above the 22.8% consensus expectation, implying a sequential gain of 2.6% in October (a modest slowdown from +3.0% in September) despite electricity constraints in October. At the same time, imports rose 20.6% yoy in October, missing expectations of a 26.2% surge, but fell 3.2% sequentially in October (vs. -0.7% in September). As a result of the far bigger growth in exports over imports, the monthly trade surplus rose further to a record high of $84.5bn in October, supporting the appreciation of the Chinese yuan in October, even as China’s economy has slowed down sharply in recent months. China’s trade surplus with the United States was $40.75 billion in October based on customs data showed on Sunday, down from $42 billion in September. For the first ten months of the year, the surplus was $320.67 billion – Reuters Highway, broadband and other infrastructure improvement spending deal this weekend, as the $1 trillion infrastructure bill passed through Congress on Friday and among parts of the deal, allows for $7.5 billion spending for building out a network of electric vehicle chargers and another $7.5 billion for low or zero-emission buses and ferries. Sector News Breakdown Consumer Tesla Inc ($TSLA) CEO Elon Musk on Saturday asked his 62.5 million followers on Twitter in a poll if he should sell 10% of his Tesla stock. The world’s richest person had previously said he could face a “massive” tax bill this year as he has to exercise a large number of stock options coming due next year. “Note, I do not take a cash salary or bonus from anywhere. I only have stock, thus the only way for me to pay taxes personally is to sell stock,” Musk said on Twitter on Saturday. Rivian Automotive ($RIVN) raises IPO price range to $72.00-$74.00 from $57.00-$62.00. Separately, Barron’s noted Rivian Automotive (RIVN) is set to go public this coming week at a market value that could exceed that of Honda Motor (HMC) despite having sold just a handful of vehicles, with a market cap around $64 billion Haverty’s (HVT) announces special cash dividend, quarterly cash dividend, and additional authorization under stock repurchase program Peloton ($PTON) has halted hiring across all departments effective immediately, CNBC reported late Friday, a day after it slashed its full-year outlook amid slowing momentum for its fitness products Coty ($COTY) agrees to sell additional partial stake in Wella to KKR in exchange for about 56% of Preferred Coty shares owned by KKR Marriott Vacations ($VAC) Q3 adjusted EPS $1.60 vs. est. $1.42; Q3 revs $1.05B vs est. $1.07B; said occupancies at our resorts this quarter were very strong despite the Delta variant and contract sales were within 3% of 2019 levels, driving 25% sequential growth in Adjusted EBITDA Energy China’s crude oil imports plunged in October to the lowest since September 2018, as large state-owned refiners withheld purchases because of rising prices while independent refiners were restrained by limited quotas to import. The world’s biggest crude oil importer brought in 37.8 million tonnes last month, data from the General Administration of Customs showed on Sunday, equivalent to 8.9 million barrels per day (bpd). – Reuters FirstEnergy ($FE) agrees to sell a 19.9% stake in its three regulated transmission businesses to Brookfield Asset Management (BAM) for $2.4B Financials Berkshire Hathaway Inc ($BRK/A) said that global supply chain disruptions kept a lid on its ability to generate profit; Q3 operating profit rose 18% but missed analyst forecasts amid goods shortages that crimped consumer spending; net income, meanwhile, fell 66%, reflecting lower gains from stock holdings such as Apple Inc and Bank of America Corp. Alleghany ($Y) mentioned positively in Barron’s saying shares should not be overlooked noting under CEO Weston Hicks, Alleghany has used a similar strategy to create an attractive, smaller-scale version of Warren Buffett’s Berkshire Hathaway ($BRK.A) R. Berkley ($WRB) announced that its Board of Directors has declared a special cash dividend on its common stock of $1.00 per share to be paid on December 22 to stockholders of record at the close of business on December 7 Healthcare Cannabis stocks rose late Friday after Marijuana Moment reported a fresh Republican-led attempt to legalize marijuana. The States Reform Act led by Rep. Nancy Mace (R-SC) is still in the preliminary stage, and a final version is expected to be filed later this month. As U.S. health authorities expand use of the leading Covid-19 vaccines, researchers investigating heart-related risks linked to the shots are exploring several emerging theories, including one centered on the spike protein made in response to vaccination. Researchers aren’t certain why the messenger RNA vaccines, one from Pfizer Inc. ($PFE) and partner BioNTech SE ($BNTX) and the other from Moderna Inc., are likely causing the inflammatory heart conditions myocarditis and pericarditis in a small number of cases. – WSJ https://on.wsj.com/3mQqCVY Alcon ($ALC) has acquired Ivantis, developer and manufacturer of the novel Hydrus Microstent, a minimally-invasive glaucoma surgery (MIGS) device designed to lower intraocular pressure for open-angle glaucoma patients in connection with cataract surgery for $475M in upfront consideration Genetron Holdings ($GTH) has formed a strategic partnership with oncology laboratory solution provider NeoGenomics (NEO) to drive global oncology drug research and development. Industrials & Materials Boeing ($BA) directors agreed to a $237.5 million settlement of claims that they turned a blind eye to safety issues related to 737 Max jetliners whose crashes have cost the company more than $20 billion, according to court documents Blade Air Mobility ($BLDE) is bringing ride-sharing to helicopters-just don’t call it the Uber ($UBER) of the sky. The stock can take off without that comparison, Barron’s reported. Blade Air Mobility is a less risky way to invest in the eVTOL future, though certainly not risk-free BHP is close to a deal to sell its controlling interest in two Australian coal mines to Stanmore Resources Ltd. ($STMRF) for ~$1.25B, the Wall Street Journal reports. Technology, Media & Telecom New Oriental Education & Technology ($EDU), Gaotu Techedu ($GOTU), and Tal Education ($TAL) shares all rising over 20% after the WSJ reported that China plans to issue more than a dozen licenses that would allow companies to offer after-school tutoring. The report said Gaotu Techedu (GOTU) and Yuanfudao, a unit of Tencent ($TCEHY), have held talks about resuming tutoring to students in the ninth grade and below https://on.mktw.net/3EVcxg5 Trinseo ($TSE) has begun work to explore the divestiture of its Styrenics businesses and plans to launch a formal sales process in Q1 of 2022. The scope of this potential divestiture is expected to include the Feedstocks and Polystyrene reporting segments as well as the company’s 50% ownership of Americas Styrenics AU Optronics ($AUOTY) reports October revenue of NT$30.38B (+18.1% Y/Y, -9.9% M/M); the total panel area shipment reached around 2.08 million square meters in October 2021, down by 4.3% month-over-month. ChipMOS ($IMOS) reports October revenue of $82.3M (-2.3% M/M; +10.7% Y/Y).
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Key Metrics
Market Cap
5.94 B
Beta
1.50
Avg. Volume
11.78 M
Shares Outstanding
839.19 M
Yield
0%
Public Float
0
Next Earnings Date
2022-08-25
Next Dividend Date
Company Information
Coty is one of the world's largest beauty companies with an iconic portfolio of brands across fragrance, color cosmetics, and skin and body care. Coty is the global leader in fragrance, and number three in color cosmetics. Coty's products are sold in over 150 countries around the world. Coty and its brands are committed to a range of social causes as well as seeking to minimize its impact on the environment.
CEO: Sue Nabi
Website: www.coty.com
HQ: 350 5th Ave New York, 10118-0110 New York
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