Morgans AM

Morgans AM: Wednesday 6 November 2019


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US markets eked out modest gains a day after all three benchmark indices logged record closing highs - Dow up +31-points or +0.11% The broader S&P500 dipped -0.12%, with the more defensive Real Estate (down -1.76%) and Utilities (-1.02%) lagging once again. Energy (up +0.45%) was the best performing primary sector for a second session in-a-row. The NASDAQ eked out a +0.02% gain, with Walgreens Boots Alliance Inc rallying +3.19% following a Reuters report that the company has been exploring a deal to go private. A 13D/A filing with the Securities and Exchange Commission on Tuesday showed that Luxembourg-based Alliance Sante Participations S.A. (ASP) controlled 144.8M shares, or 16.2% of the shares outstanding. Uber Technologies Inc (down -9.85% to US$28.02) declined to its lowest closing price on record a day after the company reported yet another quarterly loss of more than >$1b and ahead of a lockup expiration that could release millions of new shares to the market. Netflix Inc (down -%)
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Morgans AMBy Morgans Financial Limited


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