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A lil morning coffee


Boeing Company (BA) has been awarded a USD 9.8bln Air Force Contract for F-15 support for Saudi Arabia. It also filed to sell 16.7mln shares for the Boeing Company Employee Retirement Plan.

JPMorgan Chase & Co. (JPM) is no longer the world’s most systemically-important bank, according to the Financial Stability boards rankings for additional capital requirements, where it now has to hold extra capital equivalent to 2.0% from 2.5%.

Raytheon Technologies (RTX) is to acquire privately-held Blue Canyon Technologies, a leading provider of small satellites and spacecraft systems components.


Advanced Micro Devices Inc (AMD) and International Business Machines (IBM) announce a joint development agreement to advance confidential computing for the Cloud and to accelerate artificial intelligence.

Amazon.com Inc. (AMZN) has requested that India's market regulator investigates its business partner Future Retail for insider trading.

Automatic Data Processing (ADP) raised its quarterly dividend to USD 0.93/shr (prev. USD 0.91).

JD.Com announced transaction volume on its platform was CNY 200bln midnight Beijing time.

Moderna (MRNA) cancer treatment mRNA-4157 in combination with Keytruda is well tolerated at all dose levels and produced responses as measured by tumour shrinkage. Co also affirmed that the first interim analysis of its COVID-19 vaccine trial is still expected in November (previously guided for Nov 24th/25th); Emergency Use Authorisation filing seen in early-December.

Tesla (TSLA) will produce its Model Y at its Shanghai Gigafactory 3 in 2021. Note, BMW (BMW GY) has unveiled its electric SUV to challenge TSLA and is planning a US launch in 2022.S&P 500

Air Products & Chemicals Inc (APD) Q3 20 (USD): EPS 2.19 (exp. 2.21), Revenue 2.3bln (exp. 2.27bln). FY EPS (ex-items) view 8.38 (exp. 8.39)

AT&T Inc. (T) WarnerMedia unit is expected to lay up to 1,750 workers, according to reports, which equates to roughly 7% of its workforce.

Dish Network (DISH) and Qualcomm Inc. (QCOM) announced their collaboration to test open and virtualised RAN 5G solutions containing the new Qualcomm 5G RAN Platforms to help fast track the rollout of the nation’s first cloud-native, open RAN-compliant 5G network.

General Electric (GE) has ended its Corporate Audit Staff program, as part of CEO Culp’s efforts to simplify its operations.

Invesco Ltd. (IVZ) reported preliminary month-end AUM -1.0% m/m at USD 1.207trln (negatively impacted by unfavourable market returns); total net outflows were USD 2.3bln. IVZ said it achieved net long-term inflows of USD 2.5bln in the month.

Pfizer Inc. (PFE) announces positive results from its fifth Phase 3 trial of abrocitinib, evaluating the safety and efficacy across different dosing regimes for patients with atopic dermatitis. The co. and BioNTech (BNTX) confirmed it is to supply the EU with up to 300mln doses of its COVID vaccine, although separate reports note it could become a problem to distribute to the population due to the ultra-cold temperatures it needs to be stored at. Note, the CEO sold 132,500 shares for USD 5.56mln, roughly 62%.


Alcon AG (ALC) Q3 20 (USD): EPS 0.39 (exp. 0.22), Revenue 1.82bln (exp. 1.67bln). Not providing guidance.

Alibaba (BABA) announced orders on its e-commerce platforms during Singles’ Day exceeded USD 56bln by Wednesday morning.

Amdocs Ltd (DOX) Q4 20 (USD): EPS 1.23 (exp. 1.19), Revenue 1.05bln (exp. 1.03bln). Q1 21 EPS view 1.09-1.15 (exp. 1.14), revenue 1.055-1.095bln (exp. 1.06bln). FY21 EPS growth view roughly 5-9% Y/Y, revenue growth view 3.5-7.5%.

CommScope (COMM) and Nokia (NOK) collaborate on a new interleaved passive-active antenna supporting 5G rollouts.

Datadog Inc (DDOG) Stronger than expected quarter and guidance but misses frothy buy-side expectations. Q3 20 (USD): Adj. EPS 0.05 (exp. 0.01), Revenue 155mln (exp. 144mln). Extends Google Cloud (GOOG) strategic partnership into new areas. Q4 EPS view 0.01-0.02 (exp. 0.01), revenue view USD 162-164mln (exp. 155mln) FY adjusted EPS view USD 0.17-0.18 (exp. 0.12), FY revenue view USD 588-590mln (exp. 572mln).

Lyft Inc (LYFT) Beats quarter estimates and affirms path to profitability. Q3 20 (USD): Adj. -0.89 (exp. -0.91), Revenue 0.5bln (exp. .49bln). Remains focused on achieving adj. EBITDA profitability by Q4 next year. Q3 active rides -44% to 12,513, revenue per active rider -7% to USD 39.94. Q4 revenue view +11-15 Q/Q (exp. 0.655bln).

Palo Alto Networks (PANW) announced its intent to acquire Expanse for roughly USD 670mln in cash and stock.

Qiagen (QGEN) is commencing its share repurchase programme which was announced in May 2019.

Rocket Companies Inc (RKT) Q3 20 (USD): EPS 0.54 (exp. 1.09), Revenue 4.63bln (exp. 4.56bln). Q4 closed loan volume USD 88-93bln, +73-80% Y/Y.T.

Rowe Price Group (TROW) preliminary AUM USD 1.3trln on October 31st.

Tencent Music Entertainment Group (TME) Q3 20 (USD): EPS 0.12 (exp. 0.11), Revenue 1.12bln (exp. 1.13bln). Online music paying users +46% Y/Y to 51.7mln.

Submitted November 11, 2020 at 03:35PM by WSBConsensus
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