04 March Watchlist 👀

 

Today we are watching…

1. Thermo Fisher Scientific (#thermo)

This American maker of lab equipment has decided to put its own services to work by purchasing a company that specializes in testing disease antidotes in controlled environments, including possible cures for cancer and the coronavirus. The synergies are staring investors in the face, and perhaps that’s why shares in Thermo Fisher didn’t drop when the deal was announced. That’s what usually happens in a buyout. The acquiring company offloads huge sums of cash as it potentially overpays for a company whose prospects are much less well known. Shares in the target company, Qiagen, usually go up.

2. All Nippon Airways (#ana)

It was only a matter of time before investors were faced with these headlines. Tokyo’s 2020 Olympic Games are hanging in the balance, the coronavirus potentially forcing them to be postponed. All Nippon Airways is Japan’s flag-bearing airline, and it cratered on the news as the flux of tourism from such a big sporting event has the potential to really boost its cash flows. The Games are due to start on the 24th of July, but they could be delayed until later in the year, says the International Olympic Committee (IOC). The Chinese Formula One Grand Prix has already been postponed, and the World Indoor Athletics Championship in China as well.

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