Morgonrapport: the Calm before the rapportfloden…

Continued cautious movements dominated Monday’s trading when the storbolagsindexet OMXS30 closed -0.25% at 1638.33. The turnover on the stockholm stock exchange amounted to only 12 billion on Monday. The USA closed, however, weak on the plus, also cautious ahead of reports that will begin in earnest on Tuesday. Asia traded as so as to plus after the night’s trade, but continued cautious movements expected for the OMXS30 index, which rapportfloden will begin in earnest tomorrow Wednesday…

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Today’s analysis

Storbolagsindexet OMXS30 sniffed out additional and less profit taking dominated in the smaller house.

Cautious movements that have dominated the past week of trading, before rapportfloden which will begin in earnest tomorrow, Wednesday, with, among others, Atlas Copco, svenska Handelsbanken, and Getinge.

Unlike home, will rapportsäsongen started in earnest on Tuesday in the united states, including Johnson&Johnson, Morgan Stanley, Goldman Sachs and IBM.

We start thus go into a period where the technical analysis takes a step to the side, to be dominated and controlled by rapportutfall.

Technical key levels are expected to still act as minor support as resistance at sharp movements, thus it is still important to keep track of these.

Leading futures pointing to a continued cautious introduction also on Tuesday, and we are continuing to experience movements in the 1640-1660 points in the big move.

Sure we shut down just under 1640 at 1638 points on Tuesday, which was fully in line with the previously expected if any further airing occurred. Both the support level at 1630, and 1618 are possible to be tested at the continued pressure.

If the strength is resurrected again in connection with the reports, is expected to primarily 1656-1660 points provide resistance, before the journey further north to be opened up.

In such a situation it is 1700-1720 in the focus, in other words, the previous all time high from 2015.

The u.s. leading the semester, the S&P 500 provides no clear board this morning, which traded unchanged.

Continue to await the technical resistance at 1640, 1650, 1657, followed by 1660 points. Support await once again at 1630, 1616 and 1600 points.

Based on the macro-perspective is it really only German sentimentindexet ZEW, which could provide the German ledarhunden DAX the greatest impact and potentially less driving force for the OMXS30 index. Less popular company which submits a report on Tuesday, is among other things, Billerud Korsnäs, Com Hem and Investor.

What hålltider and the company reports the next weeks you can read here.

Yesterday’s main börshändelser.
Nordea lifts the Ericsson on Monday.

Köpstämpel got Ericsson to launch on Monday with a rise of over +1.50 per cent.

Ericsson, launched on Monday with a rise of over +1.50 percent to 49.30 kronor after Nordea Markets raised its recommendation to buy from earlier keep.

”Based on the Nokia Siemens Networks (NSN) restructuring during the years 2011-2013, see Ericsson well positioned out to beat the current expectations from 2018 onwards. We can not ignore the long-term value,” wrote Nordea, which left a target price of 60 sek.

On Monday, it appeared also that the Investor increased its holding in the third quarter with 24 million B-shares in Ericsson, which means that the investment company is the company’s largest shareholder, with 105 million B-shares.

 

Base metals lift the mining companies on Monday.

Among other things, the rise in copper may company, Boliden, Lundin Mining, Rio Tinto and BHP Billiton to sharply rise.

The stock market is dominated by the rise among the mining companies on Monday, with support from the strength in base metals, including copper.

Mining companies like Boliden, Lundin Mining, Rio Tinto, BHP Billiton and Anglo American rose well above the +2.0 percent in the morning.

Several of the mining companies is now trading at price levels not recorded since February 2013, which poses the question whether a further rise is available to download…

The u.s. dollar has in the past been a clear powerhouse, but has come to a halt around 8.10 against the Swedish krona.

Husqvarna challenge the underlying trend line for the decline.

Stepped even early on the Monday during the long-term partner with the MA 200.

Husqvarna launched on Monday, in clearly negative territory, to seriously challenge the underlying trend line around 80 kronor.

Inledningsvisa decline of over -4.0 per cent meant that the Husqvarna stepped below the MA 200 at 80.50 dollars.

In a press release highlights the company forward to the ”division Consumer Brands, will significantly reduce their volume of business of one of its biggest us retail customers.” reports the News agency Directly.

”The division has begun to adjust capacity and taken other steps to mitigate the short-term negative financial effects,” wrote the company expects that net sales for the Consumer Brands in 2018 will decrease by around 1 billion Swedish kronor compared to a year ago.

Hålltider during the day

Company reports

  • Billerud Korsnäs (at 7.00), Com Home (7.30), Investor (at 8.15), Note (8.30)
  • Johnson&Johnson (at 12.40), Morgan Stanley (13.00), Goldman Sachs (13: 30), IBM (at 22: 00), Asos

Macro statistics

  • Austria: CPI september at 9.00 am
  • Uk: CPI, PPI september at 10: 30 a.m.
  • Uk: ONS house price index August at 10: 30 a.m.
  • EMU: CPI (def) of september at 11.00
  • Germany: the ZEW index of October at 11.00
  • USA: THREE veckoindex at 13.45
  • USA: import prices of september at 14.30
  • The united states: Redbook weekly statistics at 14.55
  • United states: industrial production september at 15.15
  • USA: NAHB husmarknadsindex October at 16: 00
  • United states: oil (API), the weekly statistics at 22.30

All börshändelser and estimates for the week can be found here!

Latest börsnyheterna

The stockholm stock exchange) fell in the måndagshandeln, even if indexändringarna was very limited.

A higher kopparpris helped mining companies and also the recommendations supported on their hold. A profit warning weighed on at the same time, the Husqvarna.

At the time of closing had OMXS30 index dropped 0.2 percent to 1.638 and turnover on the stockholm stock exchange stayed to the end on the 12 billion.

The madrid exchange was one of the weaker in Europe and was weighed on Monday of an unclear response from the Catalan regionpresidenten Carles Puigdemont. According to him, the Catalan parliament after the referendum, a mandate to declare independence, but have chosen to postpone this. Spain’s prime minister Mariano Rajoy said that the country is now taking the first steps towards to turn to in article 155, which governs the central government the power to suspend a region’s autonomy.

North sea oil Brent step up to the 58-dollarsnivån. Iraqi government forces reported to have taken control of large areas in the region of Kirkuk, including oil fields. Basmetallpriser have also risen on a broad front, including the copper above the level of 7,000 dollars per tonne.

In råvarurelaterat lifted Boliden 1.4 percent and Lundin Mining was up 2.4 per cent.

Shares in Fingerprint Cards, shook to in the afternoon after a Bloomberg article that told me that a possible bidder for the company had been referred to the principal shareholder, Johan Carlström, and then lose interest. Fingerprint Cards closed up 0.8 per cent.

Exane BNP Paribas has lowered its recommendation for Assa Abloy to neutral from outperform. Låsjätten dropped 1 per cent and H&M brought down also storbolagsindexet to lose as much. The Electrolux fell 1.4 per cent.

Husqvarna dropped 4.9 percent since the company announced that the division, Consumer Brands will reduce its business volume significantly in one of its biggest us retail customers. Due to the decrease in volume is expected, the division’s net sales in 2018 decrease by approximately 1 billion Swedish kronor, compared with 2017.

Karolinska Development stack up the entire 20 per cent after the notice of that it will increase the book value of the portfolio company Umecrine Cognition with 196 million in the upcoming report.

Crunchfish lifted 21 per cent since the chairman of the board Joachim Samuelsson reported a number of purchases of the shares for millions of dollars.

Another ownership change were to Lars Wingefors, who appeared on the Di Digital’s list of techmiljardärer, according to the magazine sold all their shares in ljudboksföretaget Storytel. The item was worth about 33 million and Storytel, declined 2.5 per cent.

Kambi lifted 6.6 per cent to 76:75: – sek Nordea as a large net buyer, then the bank’s operations evaluation department initiated the monitoring of spelbolagsunderleverantören with the recommendation, purchase, and 100 price target.

Carnegie lowered on Friday ögonsensorbolaget Tobii to keep from buy. Riktkursen was set at the same time to 50 kronor and its shares continued on Monday, down 5.6 per cent to 43:60 sek.

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Recent trends (~there is a 06:40)

The OMXS30
EURO STOXX 50
Frankfurt DAX
The London FTSE 100
THE S&P 500
The DJIA
The Nasdaq Comp.
The NIKKEI 225
HANG SENG
EUR/USD
EUR/SEK
USD/SEK
WTI Semester
Brent Semester
1638.33
3606.27
13003.7
7526.97
2557.64
22956.96
6624
21317.13
28744.01
1.18
9.56
8.11
52.06
57.81
-0.25%
0.05%
0.09%
-0.11%
0.18%
0.37%
0.28%
0.29%
0.18%
-0.16%
0.00%
0.16%
-0.15%
-0.02%

 

Stock and Technical Analysis each day at 10.00 am

By: Michael Andersson for Tradingportalen/Agency Directly.
Questions and comments always welcome in the newsroom[at]tradingportalen.com

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