Cloudflare Inc Class A
54.04 - 55.85
15.05 - 61.86
Echofin Members Consensus
European markets finished lower yesterday, amid worries about economic growth due to rising coronavirus cases. Novartis fell 2.9%, after the company posted lower net profit in the third quarter, due to legal provisions. Banco Santander shed 1.5%, despite reporting an earnings rebound from its worst ever quarter. On the flipside, Brenntag advanced 5.8%. The chemical distribution company announced that it will lay off 1,300 jobs. Ubisoft Entertainment edged up 4.4%, after announcing a rebrand of its game subscription service and integrations with Google and Amazon’s respective cloud gaming platforms. Capgemini added 2.1%, after the company confirmed its annual targets. Rational AG rose 0.6%. The company announced that its sales revenues have stabilised at lower levels due to relaxation of Covid-19 restrictions. The FTSEurofirst 300 index slipped 0.9%, to settle at 1,365.0. The German DAX Xetra fell 0.9%, to settle at 12,063.6, while the French CAC-40 shed 1.8%, to close at 4,730.7. .
Weaker oil prices combined with the catalyst of the pandemic is accelerating the green drive away from reliance on hydrocarbons. The commitment to renewables will require further investment and this may require further divestments. Management say they have agreed or completed transactions for almost half the $25bn target by 2025. Net debt at quarter-end was $40.4bn, down $0.5bn, with company saying it is on course to reach its $35bn target. Gearing at 33 per cent was above last year and higher than where Bernard Looney would really like it to be.
Management warned specifically about ongoing US-China trade tensions and the uncertainty over the UK withdrawal from the EU. They also warned that the low interest rate environment continues to put pressure on net interest income and will exert further headwinds through the fourth quarter before they are seen stabilising in 2021.
The bank reported profit before tax was down 36 per cent to $3.1bn, mainly from lower revenue, which declined 11 per cent to $11.9bn. Asia was the sole source of positive income as it reported profit before tax of $3.2bn in the third quarter, despite interest rate headwinds. It underlines the fact HSBC’s exposure and reliance on Greater China has been a positive this year in the wake of the pandemic and the economic recovery in that region being swifter than in Europe/US. Cuts to interest rates by central banks left net interest margin at 1.20 per cent, which was down 36 basis points from Q3 2019. Expected credit losses and other credit impairment charges were down $100m to $785m thanks to a steadier outlook for the economy. Loan losses for the full year are seen around the lower end of the $8bn-$13bn range. Whilst banks are now setting aside less for bad loans than they did at the height of the pandemic in the spring, it’s unclear whether fiscal support is only kicking this particular can down the road
This is the exact trade I am talking about @matthewnitto: On Dec 12th 2019 I bought a $SPY 314.50-315.00 call spread expiring Dec 20th 2019. I payed 38USD a piece, with a max profit of 50USD (50-38= 12USD net profit per contract). On Dec 20th 2019 $SPY closed at 320.73, so both my long and short legs were ITM by expiration. Unluckily enough, Dec 20th was also $SPY ex-date, and I got exercised on my short leg, therefore being responsible to pay out the dividend the next morning (I didn’t exercise my long leg because I didn’t have +30K USD in cash to buy shares). The dividend I had to pay per contract was 157 USD. So doing the math, if I took in a profit of 12USD/contract and had to pay 157USD/contract as dividend, that is not a profitable trade. That is the exact numbers of the trade that got me into the issue I was trying to explain.
European markets finished higher on Friday, on upbeat corporate earnings reports and amid optimism about the potential fiscal stimulus in the US. Air Liquide raised 2.4%. The company announced that it sees 2020 net profit at almost the same level as the previous year. Schindler Holding advanced 1.8%, as the firm raised its 2020 revenue and net profit guidance. L'Oreal added 1.2%, after reporting a return to growth in its fiscal third quarter. Daimler rose 1.0%, after the auto giant raised its 2020 profit outlook. On the flipside, Electrolux slid 0.7%. The Swedish appliance maker raised its annual market outlook. Renault shed 0.5%. The French manufacturer announced that it expects positive cash flow from cars by the end of 2020 as sales improved. The FTSEurofirst 300 index gained 0.7%, to settle at 1,402.6. The German DAX Xetra rose 0.8%, to settle at 12,645.8, while the French CAC-40 added 1.2%, to close at 4,909.6. .
operates as the bank holding company for Live Oak Banking Company that provides various commercial banking products and services to individuals, small businesses, and professionals in North Carolina, the United States. The company accepts various deposit products, including noninterest-bearing demand, as well as interest-bearing checking, money market, savings, and time deposits. It also offers commercial and industrial loans; construction and development loans; owner occupied and non-owner occupied collateral commercial real estate loans; and commercial land loans. In addition, the company provides settlement, accounting, and securitization services for government guaranteed loans; wealth and investment management services to high-net-worth individuals and families; investment advisory services to new funds focused on providing venture capital to new and emerging financial technology companies; and an on-site restaurant location to company employees and business visitors. Live Oak Bancshares, Inc. was founded in 2008 and is headquartered in Wilmington, North Carolina.
**Coca-Cola** The published quarterly report indicates that the company’s net profit over the past 9 months has decreased by 9%. Nevertheless, earnings per share outperformed expectations: $0.55 against the forecast of $0.46. Given the potential for a recovery in sales of Coca-Cola products, an increase in the share price is possible. We believe that the quotes will soon exceed 52.
Management also urged a cautious outlook for Q4 because of 1) a largely cleared backlog of surgical cases and 2) the persistence of Covid-19 cases in the U.S. and Europe. We suspect that management's guidance is overly cautious. We continue to believe that EW's business is well positioned relative to peers because of its net cash position and sustainable long-term growth in the teens for its life-saving products
@Ingo0914 ja trifft auch zu. es sind mehrere Sachen wieso der GBP nach oben ging. natürlich auch die angebliche Einigung und Fortsetzung der Gespräche. auf dauer schlagen technische analysen die fundamentalen. wenn die trades net mehr aktiv sind, dann würde ich sie auch mit 30% verlust schließen.
The boom in new customers Netflix enjoyed in the first half of the year due to the pandemic and lockdowns faded in the third quarter. Earnings missed on the bottom line and fell short in terms of net subscriber additions. EPS of $1.74 was short of the $2.14 expected, though revenues of $6.44bn were a little better than anticipated. The key though is the net subscriber adds, which fell to 2.2m vs more than 3.5m expected. For the fourth quarter the company guided 6m net adds, short of the 8.8m added in Q4 2019. Clearly there has been, as Netflix told us, a significant pull forward in demand in the first part of the year. Shares fell 5 per cent in after-hours trade.
UK markets finished in the green yesterday, on hopes of a Brexit trade deal between the UK and the European Union. International Consolidated Airlines Group jumped 6.9%, as Heathrow Airport launched a one-hour Covid-19 test. Britvic advanced 6.4%, after the soft drinks maker company forecasted its annual adjusted profit to be slightly ahead of current market expectations. On the flipside, Petra Diamonds plunged 17.0%, after the diamond miner abandoned plans to sell the business in favour of a debt for equity restructuring. Trainline declined 12.9%, after the company announced that Clare Gilmartin will be stepping down as Chief Executive Officer at the end of February 2021. Bellway dropped 3.7%, after the company slashed its dividend and as annual profits fell. Reckitt Benckiser Group fell 0.2%, despite raising its annual like for like net revenue guidance and recording a rise in its third quarter sales. The FTSE 100 advanced 0.1%, to close at 5,889.2, while the FTSE 250 rose 0.4%, to end at 17,929.2. .
Next Dividend Date
Cloudflare, Inc. engages in the provision of cloud-based services to secure websites. It offers various products for performance and reliability, video streaming and delivery, advanced security, insights, cloudflare for developers, domain registration and cloudflare marketplace. The company was founded by Matthew Prince, Michelle Zatlyn and Lee Holloway in 2009 and is headquartered in San Francisco, CA.
CEO: Matthew Browning Prince
HQ: 101 Townsend Street San Francisco, 94107 CA