Earnings season: Walt Disney, Sony, Takeda, Fiserv, Gilead, Intesa Sanpaolo, Glencore, Ford, Carlsberg or Demant are among comapnies reporting earnings today.

Winter demand. Ralph Lauren reported higher than expected sales for the fourth quarter of 2019, thanks in part to demand for its winter collection in Europe and North America. The group maintains its sales growth forecast for fiscal year 2020.

Better-than-expected. Health insurer Centene reported higher than expected quarterly revenues due to growth in Medicaid enrollment but reported a decline in earnings due to higher medical costs.

Not for sale. PG&E is facing a new threat. A California congressman has introduced a bill to delist the power company, which filed for bankruptcy after it was implicated in devastating fires in California, as a public company. The group's response was that it was not for sale.

Unstoppable. Tesla is unstoppable at the beginning of 2020, with a stock that soared 20% yesterday after the announcement of the first quarterly earnings of the joint venture with Panasonic in batteries and a very enthusiastic research report. Investors, who like symbols, did not fail to note that the capitalization reached by the Californian, $140 billion, is higher than the combined stock market weight of Ford, General Motors and Fiat Chrysler.

Insufficient super-growth. Alphabet's growth disappoints, the stock loses 4% after Wall Street closes. However, Google's parent company managed to increase its turnover by 17%, which is still quite a feat. But its expenses are rising faster, by 18.5% in this case, which has analysts fearing that the cost of acquiring new customers will rise in the future.

In other news. Facebook promotes Dropbox's CEO to its board of directors. The von Finck family sold the largest part of its 12.7% stake in SGS at CHF 2,425 per private placement. The CEO of Tribune Publishing is leaving after one year, to be replaced by its CFO. Rieter wins CHF 30 million in orders in Egypt. Sony publishes results in line with expectations and raises its annual forecast. The Swatch Group has cancelled its "Time to Move" watch fair scheduled for the end of February or beginning of March in Zurich because of the Chinese coronavirus. BP Plc raises its dividend despite a decline in results. Pandora ended the year rather well but sees its sales fall in 2020.