Nike, Deutsche Bank, Goldman Sachs and Novartis – 5 Things to Know

Here are five things you need to know for Friday, June 28:

1. – Shares rise as China bounces back

US equity futures rose on Friday (June 29th) and global equities rebounded as a reversal of Chinese equities and a weaker US dollar eased the pace pressure in Asia. are worried about the impact of the trade war on economic growth in the broad sense.

A 2.2% gain for the Shanghai Composite triggered the global rebound and dominated regional equities, with the Hang Seng in Hong Kong up 1.6% and the Japanese Nikkei 225 closing with a gain 0.15%.

Contracts related to the Dow Jones Industrial Average rose 90 points, futures for the S & P 500 gained 8 points and the Nasdaq rose 22.50 points. The bank's shares appeared to be at the head of the pack after most of the 35 lenders supervised by the Federal Reserve passed the second phase of stress tests that will allow them to increase their dividends and buy back their shares.

and expenses for May at 8:30 am ET, Chicago PMI for June at 9:45, and consumer sentiment for June at 10 am

Profits are expected Friday at Constellation Brands Inc. (STZ).

Constellation Brands is a corporation owned by Jim Cramer's Action Cracks PLUS member club. You want to be alerted before Jim Cramer buys or sells the stock? Learn more now

2. – The US unit of the Deutsche Bank fails the test of resistance

German Deutsche Bank AG (DB) shares rose on Friday after receiving a new reprimand from the Federal Reserve on "critical deficiencies" of his financial planning. GS) and Morgan Stanley (MS) faced new restrictions in their planned dividends and share buybacks.

The Fed said Thursday, June 28 that it had identified "widespread and critical deficiencies" in the capitalization practices of DB USA, the bank's US Deutsche Branch. As a result, DB USA will not be able to pay regular dividends to the German parent company at least until next year, said a senior Federal Reserve official to reporters.

Goldman Sachs and Morgan Stanley have failed stress tests "which has asked them to maintain adequate financial strength even after a severe recession and slowing market, according to the Fed. The two firms were not allowed to increase their planned distributions to shareholders beyond the levels of the previous year.

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3. – Nike has seen a rise in sales in North America

The Nike (NKE) business turnover grew by 9.5% Friday, after the company's sneakers and sportswear released results and sales above expectations. 19659003] Nike said the renewed interest in direct sales to consumers, driven by a new online strategy and partnership with Amazon.com Inc. (AMZN), helped drive sales in North America more than 2.7%. . This helped drive overall sales up 12.8% to $ 9.79 billion and resulted in a net profit of $ 1.14 billion, or 69 cents per share, which exceeded analysts' forecasts of 5 cents

. revenue growth for the 2019 fiscal year lies in the "high single digit range" and the expected margin increase is at least 50 basis points

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4. – Novartis will abandon Alcon

Novartis AG (NVS) said Friday that it would withdraw its eye care unit, Alcon, after having it re-examined in 2017.

The Swiss pharmaceutical company, Repositioning its portfolio increasingly focused on medicine, said Alcon would be separated in the first half of 2019, and would be listed on the Swiss stock exchange. The unit could be worth up to $ 25 billion

Shareholders will vote on plans at the company's annual general meeting next February.

Novartis purchased Alcon in a multi-step process that began in 2009 and dragged on for over a year after the minority shareholders rejected the offers, despite an agreement that secured a 77% stake in the company of its majority shareholder Nestlé SA. Novartis paid a total of $ 38.6 billion for Nestlé's investment and $ 12.9 billion more to capture the remaining 23% in December 2010.

5. – Xiaomi's IPO in Hong Kong Raises to $ 4.72 Billion

Xiaomi Corp.'s Initial Public Offering in Hong Kong Has Been Evaluated to $ 4.72 billion in four years. According to Reuters, the transaction cost 17 Hong Kong dollars per share (2.17 dollars), the lowest price being between 17 and 22 dollars Hong Kong. The smartphone maker sells about 2.18 billion shares, said one of them, making the largest IPO of the technology sector since the beginning of the year. Alibaba Group Holding Ltd. (BABA) raised 25 billion dollars in New York in 2014.

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