📈 Daily Financial Market News, September 26th 📈

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US News

The New York Stock Exchange closed lower on Monday, notably as a result of a sales movement in the technology sector, but also, more generally, due to investor concerns about the North Korean file: North Korea accuses Trump of having "declared war" and is ready "to defeat the American bombers that would approach its coasts"

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• TripAdvisor (TRIP) -7% degraded by Raymond James "Where There's Smoke There's Fire? Deep Dive Into Warnings & Lowering TRIP Estimates ".
• Quest *Diagnostics (DGX) -7% degraded by Raymond James "Bigger PAMA Cuts Alters Our Prior Thesis".
• Facebook (FB) -4.5% Mark Zuckerberg renounces the creation of a new class of shares and will therefore have to sell securities to finance his philanthropy.
• Amazon (AZN) -1.6% according to TheStreet.com: Amazon Has the Most Terrifying Chart on the Planet.
• Apple (AAPL) -1% falling after doubts on demand for new iPhone, Apple would have asked its component suppliers to curb the production of some components of the iPhone X.
• Allergan (AGN) + 3% the Board authorizes a share repurchase for $ 2b. Colgate (CL) + 2.5% statement for purchase by Morgan Stanley tgt $ 84 "Well-Positioned".
• General Motors (GM) + 2% booked for purchase by Deutsche Bank tgt $ 51. "On automomous vehicles".
• UnderArmour (UA) + 2% Keybanc recommends overweight tgt $ 20 "on Good Brand, New COO; VFC Cut »
• M & A: Sprint (S) -8% - TMobile (TMUS) -1.8% a deal with Soft Bank would be found without a premium.
• Genuine Parts (GPC): + 6% Genuine Parts acquires its European competitor AAG for $ 2 billion. The deal will allow Genuine Parts to enter the European market where AAL is the number of spare parts distribution.

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Oil

At its highest since July 2015, markets anticipate possible supply difficulties after the self-determination referendum that took place on Monday in Iraqi Kurdistan. ConocoPhillips (COP) + 1.8%; Occidental Petroleum (OXY) + 2.6%; Exxon + 1.3%; Chevron + 0.6%.

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European News

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Very positive

• {FR} ALSTOM - M & A: and Siemens are about to give the green light to their marriage; the councils of the two companies meet this Tuesday
• {SZ} NESTLE - ID: Confirms targets 2020 (2020: 20.5: 18.5 / 18.5%); wants to accelerate org growth, external growth and share repurchase
• {GE} CECONOMY - Buy Recommendation by Raymond James (tgt 12.30 €) - Can Ceconomy and Fnac Darty Survive Amazon?
• FNAC DARTY - Upgraded to Buy by Raymond James (tgt 94 €) - Can Ceconomy and Fnac Darty Survive Amazon?
• {GB} ASTRAZENECA - Report with purchase by Exane
• {FR} VICAT - Rated with Buy by SocGen, tgt 73 € * {IT} YOOX NET-A-PORTER - initiated to purchase by HSBC, tgt 37 €
• {GB} TULLOW OIL - RBC rated it with a Buy tgt 260p
• {GE} EVONIK - Upgraded to Buy by Credit Suisse

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Positive

• {GB} TECHNIPFMC - announces the launch of its $ 500m share repurchase program
• {FR} JC DECAUX - has won 21 Urban Advertising Furniture contracts in France since January 2017
• {FR} SQLI - realizes a new acquisition in Northern Europe

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Neutral

• {GE} UNIPER - M & A: said it considered "hostile" the offer presented last week by the Finn Fortum
• {GE} DELIVERY HERO AG - S1, Income: € 246.5M and Adjusted EBIT Margin: -18%. The company expects for FY, revenues between 530M € and 540M €.
• {GE} SIEMENS - M & A: The Supervisory Board should decide during the day to merge the group's rail activities with Alstom
• VIVENDI - The Italian Government Committee postponed from yesterday to its meeting on the Vivendi-Telecom Italia case; The price could reach 300m €
• {GE} VOLKSWAGEN - and US Navistar heavy-duty truck manufacturer to launch electric truck by the end of 2019
• {FR} THERMADOR - acquired 2 companies for € 22.9m cash
• VOLTALIA - S1: CA € 78.10m + € 74.60% Rnet -6.8m € Rop € 25.30m + 5.40% table on accelerating sales in the S2

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Negative

• {GE} DEUTSCHE TELEKOM - M & A: T Mobile down, SoftBank would be willing to accept an offer on Sprint without premium
• {GE} THYSSENKRUPP - announced that it would increase its capital by 10% in order to strengthen its balance sheet before its planned merger with Tata Steel in Europe.
• {SP} MAPFRE - hurricanes and earthquakes in Mexico could have a net cost of € 150M to € 200M on financial result.
• HF COMPANY - S1: Revenues € 21.10m -50% Rnet € -1.20m due to an unfavorable comparison basis
• {GE} HENKEL - degraded by Raymond James - Downgrade to Market Perform on Weak Outlook for Organic Sales Growth
• {GB} WPP - downgraded to neutral by Morgan Stanley, tgt 16GBP
• {SW} SSAB - downgraded to neutral by Morgan Stanley, tgt 43SEK
• {NE} AKZO NOBEL - downgraded to neutral by SocGen, tgt 80 €
• {DE} NOVO NORDISK - downgraded to neutral by Exane

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Very negative

• GENFIT - S1: Rnet -22.6m € cash 126m €, delay in recruiting patients
• {FI} STOCKMANN - Profit warning: linked to poor performance of Lindex.
• {GB} KAZ MINERALS - downgraded to sale by Morgan Stanley, tgt 480p
• {SZ} ROCHE - downgraded to sale by Exane

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