Morning Note

345 total posts

CAPIS Morning Note – 4/8/20 President Trump Wants To Open Economy, May Be Premature

Morning Note

Morning Note

posted by CAPIS on 04/08/2020 at 6:35 am
by CAPIS on 04/08/2020

Breaking News:  IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note:  CIM of note. Common Stock filings: None of note. Mixed Shelf Offerings: CRTX of note. Convertible Offering Files: BKNG  of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   LEVI +0.05, SGH +0.02 of note. Misses: None of note. Gap Ups: EFC +44%, KNOP +39%, NYMT +33%, NLY +27%, GNMK +25%, IVR +12%, PINS +11%, NVAX +8%, SGH +5%, AVID +5% Gap Downs: TAL -9%, GSX -6%, VIPS -4%, MRSN -4%, EDU -4%, IQ -4% Hourly Action This Past Week: Updated 4/7 Close News After The Close (In Order) Scientific Games (SGMS) wins 10 year contract for Iowa Lottery. TAL Education (TAL) finds employee wrongdoing after internal audit. Amazon (AMZN) Delivery will stop services that compete against FedEx (FDX) and UPS. President Trump takes on WHO in daily Coronavirus Task Force call. Raises Guidance: PINS (Q1) PRGO INSG Lowers Guidance:  IART Withdraws Guidance:  GPI PINS AVID HFC RPM Stock Buybacks Stopped: GPI PVH Dividend Cut Or Suspended: PVH What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500 +18  Dow Jones Industrial Average +158 NASDAQ +59 Russell 2000 +10. Fair values are higher.  Asia  and Europe lower. Gold, silver and copper lower. WTI…

Breaking News:  IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note:  CIM of note. Common Stock filings: None of note. Mixed Shelf Offerings: CRTX of note. Convertible Offering Files: BKNG  of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   LEVI +0.05, SGH +0.02 of note. Misses: None of note. Gap Ups: EFC +44%, KNOP +39%, NYMT +33%, NLY +27%, GNMK +25%, IVR +12%, PINS +11%, NVAX +8%, SGH +5%, AVID +5% Gap Downs: TAL -9%, GSX -6%, VIPS -4%, MRSN -4%, EDU -4%, IQ -4% Hourly Action This Past Week: Updated 4/7 Close News After The Close (In Order) Scientific Games (SGMS) wins 10 year contract for Iowa Lottery. TAL Education (TAL) finds employee wrongdoing after internal audit. Amazon (AMZN) Delivery will stop services that compete against FedEx (FDX) and UPS. President Trump takes on WHO in daily Coronavirus Task Force call. Raises Guidance: PINS (Q1) PRGO INSG Lowers Guidance:  IART Withdraws Guidance:  GPI PINS AVID HFC RPM Stock Buybacks Stopped: GPI PVH Dividend Cut Or Suspended: PVH What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500 +18  Dow Jones Industrial Average +158 NASDAQ +59 Russell 2000 +10. Fair values are higher.  Asia  and Europe lower. Gold, silver and copper lower. WTI…

CAPIS Morning Note – 4/7/20 Futures Up Sharply For A Second Day In A Row

Morning Note

Morning Note

posted by CAPIS on 04/07/2020 at 6:29 am
by CAPIS on 04/07/2020

Breaking News:  IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note: WORK of note. Common Stock filings: None of note. Mixed Shelf Offerings:None of note. Convertible Offering Files: CIM of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  None of note. Misses: None of note. Gap Ups: TRTX +29%, TWO +16%, VMD +13%, APRN +12%, LMNX +10%, NIO +8%, BA +7%, HL +5%, MMM +5% Gap Downs: VRNS -6% Hourly Action This Past Week: Updated 4/2 Close News After The Close (In Order) U.K. Prime Minister Boris Johnson moved to the ICU after his condition deteriorates. Abercrombie &Fitch (ANF) to furlough employees in North America and EMEA. Airbnb gets $1 billion investment from Silver Lake and Sixth Street. Kraft Heinz (KHC) raises guidance for Q1. Beazer Homes (BZH) notes that customer traffic and sales have slowed. Wisconsin will not delay its primary for today after Supreme Court rules. Boeing (BA) will temporarily stop 787 operations in South Carolina. At Coronvirus Task Force meeting yesterday, Dr. Anthony Fauci noted but not get back to normal until vaccine developed. Lowers Guidance: VRNS Withdraws Guidance:  NSTG TCMD MATX PEN GPC FLS BLKB HI ZBH NTUS CYH ALC GBX HL DHI HOLX Stock Buybacks Stopped: VFC Dividend Cut…

Breaking News:  IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note: WORK of note. Common Stock filings: None of note. Mixed Shelf Offerings:None of note. Convertible Offering Files: CIM of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  None of note. Misses: None of note. Gap Ups: TRTX +29%, TWO +16%, VMD +13%, APRN +12%, LMNX +10%, NIO +8%, BA +7%, HL +5%, MMM +5% Gap Downs: VRNS -6% Hourly Action This Past Week: Updated 4/2 Close News After The Close (In Order) U.K. Prime Minister Boris Johnson moved to the ICU after his condition deteriorates. Abercrombie &Fitch (ANF) to furlough employees in North America and EMEA. Airbnb gets $1 billion investment from Silver Lake and Sixth Street. Kraft Heinz (KHC) raises guidance for Q1. Beazer Homes (BZH) notes that customer traffic and sales have slowed. Wisconsin will not delay its primary for today after Supreme Court rules. Boeing (BA) will temporarily stop 787 operations in South Carolina. At Coronvirus Task Force meeting yesterday, Dr. Anthony Fauci noted but not get back to normal until vaccine developed. Lowers Guidance: VRNS Withdraws Guidance:  NSTG TCMD MATX PEN GPC FLS BLKB HI ZBH NTUS CYH ALC GBX HL DHI HOLX Stock Buybacks Stopped: VFC Dividend Cut…

CAPIS Morning Note -4/6/20 Futures Rise On Promise Of Flattening The Curve Globally

Morning Note

Morning Note

posted by CAPIS on 04/06/2020 at 6:44 am
by CAPIS on 04/06/2020

Breaking News: Former Federal Reserve Chairman Janet Yellen will be interviewed on CNBC at 10:00 a.m. EDT. IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: CEQP of note. Mixed Shelf Offerings:  ATEX of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  None of note. Misses: None of note. Gap Ups: MESO +67%, CODX +41%, TWO +25%, XBIT +16%, OSUR +9%, LGIH +8%, SDC +7%, MMM +4%, CC +4%, OSW +4% Gap Downs: VRA -7%, DAL -7% Hourly Action This Past Week: Updated 4/2 Close News After The Close (In Order) Floor & Decor (FND) keeps stores open for pick up of online, phone or app orders. Ratings agency keeps Germany with a strong rating and a stable outlook. Ratings agency keeps France with a good rating and a stable outlook. JetBlue (JBLU) cuts April schedule by 70%. Moody’s downgrades Argentina to Ca from Caa2 and cuts outlook to negative. Delta (DAL) sees Q2 revenues to be down 90% as cut 90% of flights. United (UAL) and American (AAL) cut over 90% of flights in and out of NYC Metropolitan area. Walmart (WMT) to limit the number of customers in the store. Lowers Guidance: DAL Withdraws Guidance: …

Breaking News: Former Federal Reserve Chairman Janet Yellen will be interviewed on CNBC at 10:00 a.m. EDT. IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: CEQP of note. Mixed Shelf Offerings:  ATEX of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  None of note. Misses: None of note. Gap Ups: MESO +67%, CODX +41%, TWO +25%, XBIT +16%, OSUR +9%, LGIH +8%, SDC +7%, MMM +4%, CC +4%, OSW +4% Gap Downs: VRA -7%, DAL -7% Hourly Action This Past Week: Updated 4/2 Close News After The Close (In Order) Floor & Decor (FND) keeps stores open for pick up of online, phone or app orders. Ratings agency keeps Germany with a strong rating and a stable outlook. Ratings agency keeps France with a good rating and a stable outlook. JetBlue (JBLU) cuts April schedule by 70%. Moody’s downgrades Argentina to Ca from Caa2 and cuts outlook to negative. Delta (DAL) sees Q2 revenues to be down 90% as cut 90% of flights. United (UAL) and American (AAL) cut over 90% of flights in and out of NYC Metropolitan area. Walmart (WMT) to limit the number of customers in the store. Lowers Guidance: DAL Withdraws Guidance: …

CAPIS Morning Note -4/3/20 Monthly Nonfarm Payrolls Miss Estimates As They Fall -701,000

Morning Note

Morning Note

posted by CAPIS on 04/03/2020 at 6:07 am
by CAPIS on 04/03/2020

Breaking News: The monthly Nonfarm Payroll fell -701,000 versus estimates of -150,000. IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: None of note. Mixed Shelf Offerings: CUTR of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  PLAY +0.09, RECN +0.19 of note. Misses:  NVGS (0.05), CHWY (0.03) of note. Gap Ups: FATE +23, TSLA +14%, SVRA +12%, EBS +10%, NP +5%, SUN +4%  Gap Downs: MIC -18%, CHWY -4% Hourly Action This Past Week: Updated 4/2 Close News After The Close (In Order) Tesla (TSLA) produced 103,000 vehicles and delivered 88,400 vehicles which beat estimates. Target (TGT) to start limiting customer traffic on weekends where needed. Lockheed Martin (LMT) wins $510 million Air Force contract. Treasury Secretary Mnuchin was at the Coronavirus Task Force call yesterday and said first payments out in two weeks and said if they run out of money. JP Morgan (JPM) will not be able to process new SBA loans today. S&P 600 Additions: Lowers Guidance: CREE (Q3) MNRO (Q4) SMCI (March Quarter) Withdraws Guidance: TXT LEG B CASY  MIC NVST Stock Buybacks Stopped: LULU PLAY AEO Dividend Cut Or Suspended: PLAY AEO MIC What’s Happening…

Breaking News: The monthly Nonfarm Payroll fell -701,000 versus estimates of -150,000. IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: None of note. Mixed Shelf Offerings: CUTR of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  PLAY +0.09, RECN +0.19 of note. Misses:  NVGS (0.05), CHWY (0.03) of note. Gap Ups: FATE +23, TSLA +14%, SVRA +12%, EBS +10%, NP +5%, SUN +4%  Gap Downs: MIC -18%, CHWY -4% Hourly Action This Past Week: Updated 4/2 Close News After The Close (In Order) Tesla (TSLA) produced 103,000 vehicles and delivered 88,400 vehicles which beat estimates. Target (TGT) to start limiting customer traffic on weekends where needed. Lockheed Martin (LMT) wins $510 million Air Force contract. Treasury Secretary Mnuchin was at the Coronavirus Task Force call yesterday and said first payments out in two weeks and said if they run out of money. JP Morgan (JPM) will not be able to process new SBA loans today. S&P 600 Additions: Lowers Guidance: CREE (Q3) MNRO (Q4) SMCI (March Quarter) Withdraws Guidance: TXT LEG B CASY  MIC NVST Stock Buybacks Stopped: LULU PLAY AEO Dividend Cut Or Suspended: PLAY AEO MIC What’s Happening…

CAPIS Morning Note – 4/2/2020 Futures Give Up Earlier Gains On Jobless Claims Rise By 6.6 Million

Morning Note

Morning Note

posted by CAPIS on 04/01/2020 at 9:15 pm
by CAPIS on 04/01/2020

Breaking News: IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced:  NVTA of note. Notes Priced of note: None of note. Common Stock filings: NVTA NVRO of note. Mixed Shelf Offerings: None of note. Convertible Offering Files: NVRO of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  PVH +0.07 of note. Gap Ups: MUR +9%, FTI +7%, APT +6%, EIGR +6%, RCL +6%, PVH +6%, RRTS +5%, ARNC +5%, CCL +5%, AAL +5%, BUD +4%, VNE +4%. Gap Downs: NVTA -12%, SHOP -4%. Hourly Action This Past Week: Updated 4/1 Close News After The Close (In Order) Annheuser Busch (BUD) gets regulatory aprroval to sell Carlton & United Breweries. Federal Reserve suspends leverage ratio rule for banks, temporary measure. Honda (HMC) sales in the U.S. fall 48%. S&P 600 Additions: ARNC  Lowers Guidance: CRTO (Q1) Withdraws Guidance: PVH CXW SHOP CSII Stock Buybacks Stopped: RACE Dividend Increase:  Dividend Cut Or Suspended: MTN (next two quarters) PVH MUR 10K Extension: DBI What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500 +7 Dow Jones Industrial Average +80  NASDAQ +4  Russell 2000 +14. Fair values are higher.  Asia mixed and Europe lower. Gold, silver and copper higher. WTI Crude Oil higher and Brent Oil Futures higher. Natural Gas is higher.…

Breaking News: IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced:  NVTA of note. Notes Priced of note: None of note. Common Stock filings: NVTA NVRO of note. Mixed Shelf Offerings: None of note. Convertible Offering Files: NVRO of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  PVH +0.07 of note. Gap Ups: MUR +9%, FTI +7%, APT +6%, EIGR +6%, RCL +6%, PVH +6%, RRTS +5%, ARNC +5%, CCL +5%, AAL +5%, BUD +4%, VNE +4%. Gap Downs: NVTA -12%, SHOP -4%. Hourly Action This Past Week: Updated 4/1 Close News After The Close (In Order) Annheuser Busch (BUD) gets regulatory aprroval to sell Carlton & United Breweries. Federal Reserve suspends leverage ratio rule for banks, temporary measure. Honda (HMC) sales in the U.S. fall 48%. S&P 600 Additions: ARNC  Lowers Guidance: CRTO (Q1) Withdraws Guidance: PVH CXW SHOP CSII Stock Buybacks Stopped: RACE Dividend Increase:  Dividend Cut Or Suspended: MTN (next two quarters) PVH MUR 10K Extension: DBI What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500 +7 Dow Jones Industrial Average +80  NASDAQ +4  Russell 2000 +14. Fair values are higher.  Asia mixed and Europe lower. Gold, silver and copper higher. WTI Crude Oil higher and Brent Oil Futures higher. Natural Gas is higher.…

CAPIS Morning Note – 4/1/20 Coronavirus Death Projections Spook Markets

Morning Note

Morning Note

posted by CAPIS on 04/01/2020 at 8:03 am
by CAPIS on 04/01/2020

Breaking News: IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced:  of note. Notes Priced of note: None of note. Common Stock filings: None of note. Mixed Shelf Offerings:  NOC of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  BB +0.05 of note. Missed: PUMP (0.18), VRNT (0.05) of note. Gap Ups:  Gap Downs: PAYS -21% (postpones earnings call), BB -15%, VRNT -12% Hourly Action This Past Week: Updated 3/31 Close News After The Close (In Order) G-III Apparel (GIII) to furlough 60% of employees on 4/6. Foot Locker (FL) to close stores in Australia. Becton Dickinson (BDX) and BioMedomics launch rapid serology test for coronavirus. Citi Trends (CTRN) furloughs 40% of corporate staff with all store and distribution workers. Xerox (XRX) withdraws bid to buy Hewlett Packard (HPQ). S&P 500 Additions: OTIS CARR. S&P 100 Additions: AMT S&P 600: M Lowers Guidance:  Withdraws Guidance: XYL SKT SYK DGX CMTL TECK Stock Buyback Announced or Increased: TROW Stock Buybacks Stopped:  Dividend Increase: WSO Dividend Cut Or Suspended: HP (cut) BCS (suspended) What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500…

Breaking News: IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced:  of note. Notes Priced of note: None of note. Common Stock filings: None of note. Mixed Shelf Offerings:  NOC of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  BB +0.05 of note. Missed: PUMP (0.18), VRNT (0.05) of note. Gap Ups:  Gap Downs: PAYS -21% (postpones earnings call), BB -15%, VRNT -12% Hourly Action This Past Week: Updated 3/31 Close News After The Close (In Order) G-III Apparel (GIII) to furlough 60% of employees on 4/6. Foot Locker (FL) to close stores in Australia. Becton Dickinson (BDX) and BioMedomics launch rapid serology test for coronavirus. Citi Trends (CTRN) furloughs 40% of corporate staff with all store and distribution workers. Xerox (XRX) withdraws bid to buy Hewlett Packard (HPQ). S&P 500 Additions: OTIS CARR. S&P 100 Additions: AMT S&P 600: M Lowers Guidance:  Withdraws Guidance: XYL SKT SYK DGX CMTL TECK Stock Buyback Announced or Increased: TROW Stock Buybacks Stopped:  Dividend Increase: WSO Dividend Cut Or Suspended: HP (cut) BCS (suspended) What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500…

CAPIS Morning Note – 3/31/20 China PMI Beats Expectations & Trump Administration Looks At Fourth Stimulus

Morning Note

Morning Note

posted by CAPIS on 03/31/2020 at 7:55 am
by CAPIS on 03/31/2020

Breaking News: IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: ADC of note. Notes Priced of note: None of note. Common Stock filings: None of note. Mixed Shelf Offerings: NVRO of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  RH +0.13 of note. Missed:  CRON (0.13) of note. Gap Ups: CTMX +13%, CVLT +7%, AKRO +5%, MT +5%, RDS.A +5%, BA +4% Gap Downs: AMRN -66%, RH -10%, SVRA -8%, RETA -5%, DPZ -5%, ADC -5%, LC -4% Hourly Action This Past Week: Updated 3/27 Close News After The Close (In Order) Reata Pharmaceuticals (RETA) gives COVID-19 update , will stop Phase 3 CATALYST study. Gap Stores (GPS) to furlough most employees. Visa (V) sees decline in spending by consumers. Amarin (AMRN) drops -65% on patent ruling for Vascepa that was unfavorable. Royal Caribbean (RCL) cancels trips through September 1st. Boeing (BA) wins $1.6 billion Navy contract. American Express (AXP) will not cut jobs in 2020. Lowers Guidance:  Withdraws Guidance: CROX HLX NTAP Stock Buyback Announced or Increased: TGH Stock Buybacks Stopped: CROX PUB Dividend Cut Or Suspended:  What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500 -31 Dow Jones Industrial Average -252  NASDAQ -78  Russell 2000…

Breaking News: IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: ADC of note. Notes Priced of note: None of note. Common Stock filings: None of note. Mixed Shelf Offerings: NVRO of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  RH +0.13 of note. Missed:  CRON (0.13) of note. Gap Ups: CTMX +13%, CVLT +7%, AKRO +5%, MT +5%, RDS.A +5%, BA +4% Gap Downs: AMRN -66%, RH -10%, SVRA -8%, RETA -5%, DPZ -5%, ADC -5%, LC -4% Hourly Action This Past Week: Updated 3/27 Close News After The Close (In Order) Reata Pharmaceuticals (RETA) gives COVID-19 update , will stop Phase 3 CATALYST study. Gap Stores (GPS) to furlough most employees. Visa (V) sees decline in spending by consumers. Amarin (AMRN) drops -65% on patent ruling for Vascepa that was unfavorable. Royal Caribbean (RCL) cancels trips through September 1st. Boeing (BA) wins $1.6 billion Navy contract. American Express (AXP) will not cut jobs in 2020. Lowers Guidance:  Withdraws Guidance: CROX HLX NTAP Stock Buyback Announced or Increased: TGH Stock Buybacks Stopped: CROX PUB Dividend Cut Or Suspended:  What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500 -31 Dow Jones Industrial Average -252  NASDAQ -78  Russell 2000…

CAPIS Morning Note -3/30/20 JNJ Making Progress On Vaccine

Morning Note

Morning Note

posted by CAPIS on 03/30/2020 at 8:12 am
by CAPIS on 03/30/2020

Breaking News: IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: CVNA of note. Notes Priced of note: None of note. Common Stock filings: None of note. Mixed Shelf Offerings:  LBA HTH of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  None of note. Missed: None of note. Gap Ups: ABT +10%, SCS +6%, GM +6%, JNJ +5%,  WMC +4%. Gap Downs: MITT -15%, PENN -5%. Hourly Action This Past Week: Updated 3/27 Close News After The Close (In Order) SeaWorld Entertainment (SEAS) furloughs 90% of its workers. President Trump signed the Stimulus Bill into law after the close on Friday. Fitch downgrades U.K. to AA- from AA. Abbott Labs (ABT) announced a new test  with results is 5 minutes. Lowers Guidance: MHK Withdraws Guidance: ALSN KRG TAP WU BRKR PENN JOUT MTW DOOR RWT EVOP BSX CBT CHUY TCS Stock Buybacks Stopped:  Dividend Cut Or Suspended: WMC LZB SVC What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500 +24 Dow Jones Industrial Average +142  NASDAQ +95  Russell 2000 +17. Fair values are higher.  Asia and Europe lower. Gold…

Breaking News: IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: CVNA of note. Notes Priced of note: None of note. Common Stock filings: None of note. Mixed Shelf Offerings:  LBA HTH of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  None of note. Missed: None of note. Gap Ups: ABT +10%, SCS +6%, GM +6%, JNJ +5%,  WMC +4%. Gap Downs: MITT -15%, PENN -5%. Hourly Action This Past Week: Updated 3/27 Close News After The Close (In Order) SeaWorld Entertainment (SEAS) furloughs 90% of its workers. President Trump signed the Stimulus Bill into law after the close on Friday. Fitch downgrades U.K. to AA- from AA. Abbott Labs (ABT) announced a new test  with results is 5 minutes. Lowers Guidance: MHK Withdraws Guidance: ALSN KRG TAP WU BRKR PENN JOUT MTW DOOR RWT EVOP BSX CBT CHUY TCS Stock Buybacks Stopped:  Dividend Cut Or Suspended: WMC LZB SVC What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500 +24 Dow Jones Industrial Average +142  NASDAQ +95  Russell 2000 +17. Fair values are higher.  Asia and Europe lower. Gold…

CAPIS Morning Note -3/27/20 Futures Lower After Three Days Of Gains

Morning Note

Morning Note

posted by CAPIS on 03/27/2020 at 7:50 am
by CAPIS on 03/27/2020

Breaking News: U.K. Prime Minister Boris Johnson tests positive for coronavirus. (CNBC) IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: None of note. Mixed Shelf Offerings: VRSK of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  GME +0.48, SAIC +0.24, KBH +0.19, JEF +0.14, PRGS +0.06, LULU +0.03, SPWH +0.02 of note. Missed: HTHT (0.14), GTBIF (0.02), OXM (0.01) of note. Gap Ups:  SMG +17%, GME +16%, SPWH +14%, KBH +7%, VIR +5%, SAIC +4%, Gap Downs:  AI -22%, BGCP -14%, CCL -7%, VMW -6%, LULU -5%, AFYA -4%, HLT -4%, RCL -4%, Hourly Action This Past Week: Updated 3/26 Close News After The Close (In Order) Spirit Airlines (SAVE) sees weakness in internal controls over financial reporting. Fitch keeps U.S. at AAA rating. There will be salary cuts and deferrals at General Motors (GM) per CNBC. General Motors (GM) will extend shutdown beyond March 30th with no restart date. G-20 will inject $5 trillion into the global economy. Lowers Guidance: PRGS Withdraws Guidance: LULU GME KBH LEA KRNT  GPS VRTU DELL VMW HLT ACC RCII TAP  MAC Stock Buybacks Stopped: CVTI LEA HLT EQT AGM RCII Dividend Cut Or Suspended: BGCP LEA GPS What’s Happening This Morning: Futures…

Breaking News: U.K. Prime Minister Boris Johnson tests positive for coronavirus. (CNBC) IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: None of note. Mixed Shelf Offerings: VRSK of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  GME +0.48, SAIC +0.24, KBH +0.19, JEF +0.14, PRGS +0.06, LULU +0.03, SPWH +0.02 of note. Missed: HTHT (0.14), GTBIF (0.02), OXM (0.01) of note. Gap Ups:  SMG +17%, GME +16%, SPWH +14%, KBH +7%, VIR +5%, SAIC +4%, Gap Downs:  AI -22%, BGCP -14%, CCL -7%, VMW -6%, LULU -5%, AFYA -4%, HLT -4%, RCL -4%, Hourly Action This Past Week: Updated 3/26 Close News After The Close (In Order) Spirit Airlines (SAVE) sees weakness in internal controls over financial reporting. Fitch keeps U.S. at AAA rating. There will be salary cuts and deferrals at General Motors (GM) per CNBC. General Motors (GM) will extend shutdown beyond March 30th with no restart date. G-20 will inject $5 trillion into the global economy. Lowers Guidance: PRGS Withdraws Guidance: LULU GME KBH LEA KRNT  GPS VRTU DELL VMW HLT ACC RCII TAP  MAC Stock Buybacks Stopped: CVTI LEA HLT EQT AGM RCII Dividend Cut Or Suspended: BGCP LEA GPS What’s Happening This Morning: Futures…

CAPIS Morning Note – 3/26/20 Futures Lower, Stimulus Bill Passes Senate & Jobless Claims Up 3.83 Million

Morning Note

Morning Note

posted by CAPIS on 03/26/2020 at 7:56 am
by CAPIS on 03/26/2020

Breaking News:Treasury Secretary Steven Mnuchin to be interviewed on CNBC at 9:00 a.m. EDT. IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: None of note. Mixed Shelf Offerings: None of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  YRD +0.39, MU +0.08, SCVL +0.03 of note. Flat:  FUL +0.00 Gap Ups:  MFA +36%, SCVL +10%, GRFS +9%, NBLX +8%, GPMT +8%, YRD +8%, MU +6% Gap Downs:  AOBC -7%, MCFT -6%, SPWR -5%, BITA -5%, M -4% Hourly Action This Past Week: Updated 3/24 Close News After The Close (In Order) Redfin (RDFN) sees home buying demand slowing since 3/18. Ford (F) sees rating agency cut its rating to junk. Macy’s (M) sees rating agency cut its rating to a second level of  junk. Salesforce (CRM) announces will not cut employees over the next few months. Store closures:  Lowers Guidance:  Withdraws Guidance:  WYND MCFT HBI AVB BYD SPWR OUT DLX AXL  TEX AOBC CRI Stock Buybacks Stopped: WYND TEX Dividend Cut Or Suspended: BYD NBLX SBRA CIO INN MFA ALK What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500 -17 Dow Jones Industrial Average…

Breaking News:Treasury Secretary Steven Mnuchin to be interviewed on CNBC at 9:00 a.m. EDT. IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: None of note. Mixed Shelf Offerings: None of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  YRD +0.39, MU +0.08, SCVL +0.03 of note. Flat:  FUL +0.00 Gap Ups:  MFA +36%, SCVL +10%, GRFS +9%, NBLX +8%, GPMT +8%, YRD +8%, MU +6% Gap Downs:  AOBC -7%, MCFT -6%, SPWR -5%, BITA -5%, M -4% Hourly Action This Past Week: Updated 3/24 Close News After The Close (In Order) Redfin (RDFN) sees home buying demand slowing since 3/18. Ford (F) sees rating agency cut its rating to junk. Macy’s (M) sees rating agency cut its rating to a second level of  junk. Salesforce (CRM) announces will not cut employees over the next few months. Store closures:  Lowers Guidance:  Withdraws Guidance:  WYND MCFT HBI AVB BYD SPWR OUT DLX AXL  TEX AOBC CRI Stock Buybacks Stopped: WYND TEX Dividend Cut Or Suspended: BYD NBLX SBRA CIO INN MFA ALK What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500 -17 Dow Jones Industrial Average…

CAPIS Morning Note – 3/25/20. Senate Passes Stimulus Bill But Wild Swings

Morning Note

Morning Note

posted by CAPIS on 03/25/2020 at 8:03 am
by CAPIS on 03/25/2020

Breaking News: Japan agrees to delay Olympics for 1 year. IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: None of note. Mixed Shelf Offerings: None of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  SNX +0.18, SCS +0.07, GO +0.04, AIR +0.03 of note. Missed:  NKE (0.02) 0f note. Gap Ups:  Gap Downs:  Hourly Action This Past Week: Updated 3/23 Close News After The Close (In Order of Time) Wynn Resorts (WYNN) executives agree to receive stock in lieu of a salary. Humana (HUM) expands telehealth services. Campbell Soups (CPB) will provide premium payments to 11,000 employees. Jack In The Box (JACK) closes all dining rooms, borrows from credit facility. Facebook (FB) notes that app engagement has risen globally but weakening in ad business. Church & Dwight (CHD) sees increase in product demand during March. White House tells anyone leaving NYC to self quarantine for 14 days. Store closures: SBH JACK Lowers Guidance:  Withdraws Guidance:  WHR ENS (Q4) HNGR  EVRI WSR HLIO TGT Stock Buybacks Stopped: RDN Dividend Cut Or Suspended: WSR TWO What’s Happening This…

Breaking News: Japan agrees to delay Olympics for 1 year. IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: None of note. Mixed Shelf Offerings: None of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  SNX +0.18, SCS +0.07, GO +0.04, AIR +0.03 of note. Missed:  NKE (0.02) 0f note. Gap Ups:  Gap Downs:  Hourly Action This Past Week: Updated 3/23 Close News After The Close (In Order of Time) Wynn Resorts (WYNN) executives agree to receive stock in lieu of a salary. Humana (HUM) expands telehealth services. Campbell Soups (CPB) will provide premium payments to 11,000 employees. Jack In The Box (JACK) closes all dining rooms, borrows from credit facility. Facebook (FB) notes that app engagement has risen globally but weakening in ad business. Church & Dwight (CHD) sees increase in product demand during March. White House tells anyone leaving NYC to self quarantine for 14 days. Store closures: SBH JACK Lowers Guidance:  Withdraws Guidance:  WHR ENS (Q4) HNGR  EVRI WSR HLIO TGT Stock Buybacks Stopped: RDN Dividend Cut Or Suspended: WSR TWO What’s Happening This…

CAPIS Morning Note – 3/24/20 Olympics Delayed One Year

Morning Note

Morning Note

posted by CAPIS on 03/24/2020 at 7:54 am
by CAPIS on 03/24/2020

Breaking News: Japan agrees to delay Olympics for 1 year. IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: None of note. Mixed Shelf Offerings: None of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  None of note. Missed:  None 0f note. Gap Ups: ZG +36%, CTMX +29%, VAPO +28%, ARCC +13%, NAT +6%, IRBT +4%, GILD +4% Gap Downs: MIST -75%, LC -1% Hourly Action This Past Week: Updated 3/23 Close News After The Close (In Order of Time) Gilead Sciences’ (GILD) Remdesivir receives orphan drug designation from FDA for COVID-19. Booking Holdings (BKNG) reducing marketing spend and puts in a hiring freeze. Thor Industries (THO) suspends all production in North America. Goodyear Tire (GT) cuts stock hours. New Zealand to quarantine for four weeks. In Monday’s Coronavirus Taskforce, President Trump states he may reopen the economy next week, however has no authority to do so on a state or local level. Store closures:  Lowers Guidance:  Withdraws Guidance:  GLP IRBT TWTR (Q1) AMAT (Q2) WRI IPAR APTV ZG GM  Stock Buybacks Stopped: PACW INTC Dividend Cut Or Suspended: APTV JWN BJRI What’s Happening This Morning: Futures…

Breaking News: Japan agrees to delay Olympics for 1 year. IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: None of note. Mixed Shelf Offerings: None of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  None of note. Missed:  None 0f note. Gap Ups: ZG +36%, CTMX +29%, VAPO +28%, ARCC +13%, NAT +6%, IRBT +4%, GILD +4% Gap Downs: MIST -75%, LC -1% Hourly Action This Past Week: Updated 3/23 Close News After The Close (In Order of Time) Gilead Sciences’ (GILD) Remdesivir receives orphan drug designation from FDA for COVID-19. Booking Holdings (BKNG) reducing marketing spend and puts in a hiring freeze. Thor Industries (THO) suspends all production in North America. Goodyear Tire (GT) cuts stock hours. New Zealand to quarantine for four weeks. In Monday’s Coronavirus Taskforce, President Trump states he may reopen the economy next week, however has no authority to do so on a state or local level. Store closures:  Lowers Guidance:  Withdraws Guidance:  GLP IRBT TWTR (Q1) AMAT (Q2) WRI IPAR APTV ZG GM  Stock Buybacks Stopped: PACW INTC Dividend Cut Or Suspended: APTV JWN BJRI What’s Happening This Morning: Futures…

CAPIS Morning Note – 3/23/20 Federal Reserve To The Rescue, Again

Morning Note

Morning Note

posted by CAPIS on 03/23/2020 at 7:50 am
by CAPIS on 03/23/2020

Breaking News: Federal Reserve announces unlimited bond purchases across all types of bonds and will lend to Main Street as well. IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: None of note. Mixed Shelf Offerings: SPPI CLF of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  None of note. Missed:   None 0f note. Hourly Action This Past Week: Updated 3/20 Close News After The Close (In Order of Time) Cummins (CUM) suspends production at its Midrange  Engine Plant. German Chancellor Angela Merkel moves to self quarantine after doctor test positive. International Olympic Committee considers postponing the Olympics. Barron’s positive on RHHBY TMO BAC C GS JPM MS WFC CMA MTB PNC USB PTON TMUS T VZ  and negative on BA. Store closures: VRA Lowers Guidance: VRA SDC M Withdraws Guidance:  VRA DESP CMI EEFT Stock Buybacks Stopped: AUB VRA DAL Dividend Cuts: M DAL (suspends) What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500 +40 Dow Jones Industrial Average…

Breaking News: Federal Reserve announces unlimited bond purchases across all types of bonds and will lend to Main Street as well. IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: None of note. Mixed Shelf Offerings: SPPI CLF of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  None of note. Missed:   None 0f note. Hourly Action This Past Week: Updated 3/20 Close News After The Close (In Order of Time) Cummins (CUM) suspends production at its Midrange  Engine Plant. German Chancellor Angela Merkel moves to self quarantine after doctor test positive. International Olympic Committee considers postponing the Olympics. Barron’s positive on RHHBY TMO BAC C GS JPM MS WFC CMA MTB PNC USB PTON TMUS T VZ  and negative on BA. Store closures: VRA Lowers Guidance: VRA SDC M Withdraws Guidance:  VRA DESP CMI EEFT Stock Buybacks Stopped: AUB VRA DAL Dividend Cuts: M DAL (suspends) What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500 +40 Dow Jones Industrial Average…

CAPIS Morning Note -3/20/20 Futures Higher

Morning Note

Morning Note

posted by CAPIS on 03/20/2020 at 7:56 am
by CAPIS on 03/20/2020

Breaking News: IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings:  NHI of note. Mixed Shelf Offerings: NHI of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  SCHL +0.30, CTAS +0.13, CRWD +0.06  of note. Missed:  OLLI (0.02)  0f note. Hourly Action This Week: Updated 3/19 Close News After The Close (In Order of Time) Tesla (TSLA) suspends production in California and New York facilities. Blue Apron (APRN) sees “sharp increase” in consumer demand. Nikki Haley resigns from the Boeing (BA) board. Store closures: SCVL IMXI KSS BBBY (50% closure) Lowers Guidance: YELP RMAX KSS Withdraws Guidance:  YELP DIN RMAX KSS TXRH Higher Guidance:  Stock Buybacks:  Stock Buybacks Stopped: KSS Dividend Increases: UDR INDB Dividend Cuts:  Reverse Stock Split Announcement:  Gap Higher:  GNMK +79%, CRWD +24%, SDC +12%, BBBY +10%, IHG +10%, BA +10%, OSUR +8%, CCL +7%, XLK +6%, TSLA +6%,  KSS +5%, NDLS +4%, SCHL +4% Gap Lower:  APRN -11%, YELP -4%, What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500 +13 Dow Jones Industrial Average +166  NASDAQ +180 Russell 2000 +14 . Fair values are lower.  Asia mixed and Europe higher. Gold, silver and copper…

Breaking News: IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings:  NHI of note. Mixed Shelf Offerings: NHI of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  SCHL +0.30, CTAS +0.13, CRWD +0.06  of note. Missed:  OLLI (0.02)  0f note. Hourly Action This Week: Updated 3/19 Close News After The Close (In Order of Time) Tesla (TSLA) suspends production in California and New York facilities. Blue Apron (APRN) sees “sharp increase” in consumer demand. Nikki Haley resigns from the Boeing (BA) board. Store closures: SCVL IMXI KSS BBBY (50% closure) Lowers Guidance: YELP RMAX KSS Withdraws Guidance:  YELP DIN RMAX KSS TXRH Higher Guidance:  Stock Buybacks:  Stock Buybacks Stopped: KSS Dividend Increases: UDR INDB Dividend Cuts:  Reverse Stock Split Announcement:  Gap Higher:  GNMK +79%, CRWD +24%, SDC +12%, BBBY +10%, IHG +10%, BA +10%, OSUR +8%, CCL +7%, XLK +6%, TSLA +6%,  KSS +5%, NDLS +4%, SCHL +4% Gap Lower:  APRN -11%, YELP -4%, What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500 +13 Dow Jones Industrial Average +166  NASDAQ +180 Russell 2000 +14 . Fair values are lower.  Asia mixed and Europe higher. Gold, silver and copper…

CAPIS Morning Note – 3/19/20 Futures Seeing A Very Volatile Overnight Session

Morning Note

Morning Note

posted by CAPIS on 03/19/2020 at 7:59 am
by CAPIS on 03/19/2020

Breaking News: Senator Bernie Sanders will “assess” his campaign after Tuesday losses, IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: MMS of note. Mixed Shelf Offerings: None of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  TCOM +0.16, GES +0.10, TLRD +0.08, WSM +0.07, MLHR +0.04, FIVE +0.03, PD +0.03  of note. Missed:  ONEM (0.89), QADA (0.25) 0f note. Hourly Action This Week: Updated 3/18 Close News After The Close (In Order of Time) NYSE closes the floor and moves only to electronic trading. ICE moves to full electronic trading. Toyota (TM) suspends all production. Fiat Chrysler (FCAU) suspends all production. Store closures: ZUMZ EYE Lowers Guidance: MTN ZUMZ Withdraws Guidance:  DRI TRIP SHOO DRH EL MAR Higher Guidance: STLD Stock Buybacks: KFR CABR Stock Buybacks Stopped:  Dividend Increases: KL Dividend Cuts: DRH Reverse Stock Split Announcement: NBR Gap Higher:  CHEF +25%, GES +20%, HAL +12%, KL +11%, FITB +9%, STLD +9%, RDS.A +8%, SLB +8%, EPD +7%, FIVE +6%, DOYU +6%, MOMO +6%, PSX +5%, MLHR +5%, GDX +4%, TCOM +4%, WSM +4%. Gap Lower:  CARG -10.8%, TLRD -8.2%, MAR -6.8%, FCAU -3.9%, TOT -3.6%, What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500 -17 Dow Jones Industrial Average -146  NASDAQ +1 Russell…

Breaking News: Senator Bernie Sanders will “assess” his campaign after Tuesday losses, IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: MMS of note. Mixed Shelf Offerings: None of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  TCOM +0.16, GES +0.10, TLRD +0.08, WSM +0.07, MLHR +0.04, FIVE +0.03, PD +0.03  of note. Missed:  ONEM (0.89), QADA (0.25) 0f note. Hourly Action This Week: Updated 3/18 Close News After The Close (In Order of Time) NYSE closes the floor and moves only to electronic trading. ICE moves to full electronic trading. Toyota (TM) suspends all production. Fiat Chrysler (FCAU) suspends all production. Store closures: ZUMZ EYE Lowers Guidance: MTN ZUMZ Withdraws Guidance:  DRI TRIP SHOO DRH EL MAR Higher Guidance: STLD Stock Buybacks: KFR CABR Stock Buybacks Stopped:  Dividend Increases: KL Dividend Cuts: DRH Reverse Stock Split Announcement: NBR Gap Higher:  CHEF +25%, GES +20%, HAL +12%, KL +11%, FITB +9%, STLD +9%, RDS.A +8%, SLB +8%, EPD +7%, FIVE +6%, DOYU +6%, MOMO +6%, PSX +5%, MLHR +5%, GDX +4%, TCOM +4%, WSM +4%. Gap Lower:  CARG -10.8%, TLRD -8.2%, MAR -6.8%, FCAU -3.9%, TOT -3.6%, What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500 -17 Dow Jones Industrial Average -146  NASDAQ +1 Russell…

CAPIS Morning Note -3/18/20 Coronavirus Case Top 200,000 & Sanders To “Assess”

Morning Note

Morning Note

posted by CAPIS on 03/18/2020 at 8:15 am
by CAPIS on 03/18/2020

Breaking News: Senator Bernie Sanders will “assess” his campaign after Tuesday losses, IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings:  SAFE ATH D of note. Mixed Shelf Offerings:   OLP of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  MDB +0.03, SMAR +0.03 of note. Missed:  FDX (0.05), BILI (0.01) 0f note. Flat: ASTE +0.00 Hourly Action This Week: Updated 3/17 Close News After The Close (In Order of Time) Qiagen (QGEN) ramps up dramatically the test kits for Coronavirus. Target (TGT) to reduce store hours to do more cleaning and restocking. Goodyear (GT) will close European tire and retread plants by end of the week. Las Vegas casinos suspend operations for the next 30 days. Boeing (BA) has drawn down its entire credit line of $13.8 billion taken out 8 days ago. Store closures: BKE KSS (partial)  CNK suspends operations. Lowers Guidance: Withdraws Guidance:  FDX WH CLS VECO CHH ICHR FORM Stock Buybacks: ABR Stock Buybacks Stopped: KEY  VKTX EMR SABR Dividend Increases:  Dividend Cuts: SABR RHP Gap Higher:   ABR +13%, TGNA +10%, XP +7% Gap Lower:  BA -17%, CRON -14%, MDB -13%, BILI -9%, BVN -8%,…

Breaking News: Senator Bernie Sanders will “assess” his campaign after Tuesday losses, IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings:  SAFE ATH D of note. Mixed Shelf Offerings:   OLP of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  MDB +0.03, SMAR +0.03 of note. Missed:  FDX (0.05), BILI (0.01) 0f note. Flat: ASTE +0.00 Hourly Action This Week: Updated 3/17 Close News After The Close (In Order of Time) Qiagen (QGEN) ramps up dramatically the test kits for Coronavirus. Target (TGT) to reduce store hours to do more cleaning and restocking. Goodyear (GT) will close European tire and retread plants by end of the week. Las Vegas casinos suspend operations for the next 30 days. Boeing (BA) has drawn down its entire credit line of $13.8 billion taken out 8 days ago. Store closures: BKE KSS (partial)  CNK suspends operations. Lowers Guidance: Withdraws Guidance:  FDX WH CLS VECO CHH ICHR FORM Stock Buybacks: ABR Stock Buybacks Stopped: KEY  VKTX EMR SABR Dividend Increases:  Dividend Cuts: SABR RHP Gap Higher:   ABR +13%, TGNA +10%, XP +7% Gap Lower:  BA -17%, CRON -14%, MDB -13%, BILI -9%, BVN -8%,…

CAPIS Morning Note – 3/17/20 – Stocks Are Higher This Morning

Morning Note

Morning Note

posted by CAPIS on 03/17/2020 at 7:47 am
by CAPIS on 03/17/2020

Breaking News: IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: COLL of note. Mixed Shelf Offerings: STXS  REGI FIBK  of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  ZTO +0.24, COUP +0.16, TME +0.11, RPAY +0.09, HUYA +0.07, YY +0.05, HQY +0.03  of note. Missed:  BE (0.30) 0f note. Hourly Action This Week: Updated 3/13 Close News After The Close (In Order of Time) San Francisco and six counties around are ordered to “shelter in place” for the next three weeks. Pioneer Natural Resources (PXD) reduces 2020 capital spending due to lower oil prices. McDonalds (MCD) closes seating areas and moves to drive through. General Motors (GM) and Ford (F) move to 0% financing for 7 years. Amazon (AMZN) to hire 100,000 in full and part time positions. Store closures: OXM GOOS CGC RL FL Churchill Downs (CHDN) suspends operations. Lowers Guidance:  Withdraws Guidance: HGV LUV INN HDS Stock Buybacks: INT Stock Buybacks Stopped:  COF RF NTRS PNC BKU Dividend Increases:  Gap Higher:  ENLC +95%, BNTX +70%, CODX +28%, AIMT +22%, RPAY +11%, HOLX +10%, REGI +10%, NCLH +7%, GOL +6%, COUP +6%, TTD +57%, AMZN +5%, TMO +5%, YY +4%. Gap Lower:  DBVT -57%, HQY -8%, BE -7%, VXX -62%, RTIX -6%. What’s Happening This Morning: Futures value…

Breaking News: IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: COLL of note. Mixed Shelf Offerings: STXS  REGI FIBK  of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  ZTO +0.24, COUP +0.16, TME +0.11, RPAY +0.09, HUYA +0.07, YY +0.05, HQY +0.03  of note. Missed:  BE (0.30) 0f note. Hourly Action This Week: Updated 3/13 Close News After The Close (In Order of Time) San Francisco and six counties around are ordered to “shelter in place” for the next three weeks. Pioneer Natural Resources (PXD) reduces 2020 capital spending due to lower oil prices. McDonalds (MCD) closes seating areas and moves to drive through. General Motors (GM) and Ford (F) move to 0% financing for 7 years. Amazon (AMZN) to hire 100,000 in full and part time positions. Store closures: OXM GOOS CGC RL FL Churchill Downs (CHDN) suspends operations. Lowers Guidance:  Withdraws Guidance: HGV LUV INN HDS Stock Buybacks: INT Stock Buybacks Stopped:  COF RF NTRS PNC BKU Dividend Increases:  Gap Higher:  ENLC +95%, BNTX +70%, CODX +28%, AIMT +22%, RPAY +11%, HOLX +10%, REGI +10%, NCLH +7%, GOL +6%, COUP +6%, TTD +57%, AMZN +5%, TMO +5%, YY +4%. Gap Lower:  DBVT -57%, HQY -8%, BE -7%, VXX -62%, RTIX -6%. What’s Happening This Morning: Futures value…

CAPIS Morning Note -3/16/20 Another Limit Down Day, Federal Reserve and Central Banks Act

Morning Note

Morning Note

posted by CAPIS on 03/16/2020 at 7:58 am
by CAPIS on 03/16/2020

Breaking News: IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings:None of note. Mixed Shelf Offerings: NVEE TBIO QCRH VRCA INO HARP KIDS  of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  None of note. Missed:   None 0f note. Hourly Action This Week: Updated 3/13 Close News After The Close (In Order of Time) Boeing (BA) notes FAA looking at structural issues with 737 jets after incident on a Southwest Airlines (LUV) 737. Bill Gates steps down from Microsoft (MSFT) and Berkshire Hathaway (BRKB) boards. Churchill Downs (CHDN) will be spectator free through 3/29. President Trump was tested for the coronavirus on Friday night. Barron’s reviews airlines best names Southwest (LUV), Delta (DAL) and United Airlines (UAL). Favorite Energy names include International Seasways (INSW), Scorpio Tankers (STNG), Euronav (EURN), Phillips 66 (PSX), Valero (VLO) and Concho Resources (CXO). Freeport McMoRan (FCX) insiders buy stock. President Trump restricts travel to U.K. and Ireland. Bridgewater’s Macro fund Pure Alpha II down -21%  through Thursday. France shuts all restaurants, cafes, cinemas and clubs as of Sunday…

Breaking News: IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings:None of note. Mixed Shelf Offerings: NVEE TBIO QCRH VRCA INO HARP KIDS  of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  None of note. Missed:   None 0f note. Hourly Action This Week: Updated 3/13 Close News After The Close (In Order of Time) Boeing (BA) notes FAA looking at structural issues with 737 jets after incident on a Southwest Airlines (LUV) 737. Bill Gates steps down from Microsoft (MSFT) and Berkshire Hathaway (BRKB) boards. Churchill Downs (CHDN) will be spectator free through 3/29. President Trump was tested for the coronavirus on Friday night. Barron’s reviews airlines best names Southwest (LUV), Delta (DAL) and United Airlines (UAL). Favorite Energy names include International Seasways (INSW), Scorpio Tankers (STNG), Euronav (EURN), Phillips 66 (PSX), Valero (VLO) and Concho Resources (CXO). Freeport McMoRan (FCX) insiders buy stock. President Trump restricts travel to U.K. and Ireland. Bridgewater’s Macro fund Pure Alpha II down -21%  through Thursday. France shuts all restaurants, cafes, cinemas and clubs as of Sunday…

CAPIS Morning Note – 3/13/20 March Madness Cancelled By The NCAA, But Continues On Wall Street

Morning Note

Morning Note

posted by CAPIS on 03/13/2020 at 8:02 am
by CAPIS on 03/13/2020

Breaking News: IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings:  WPX of note. Mixed Shelf Offerings: FIXX UNIT REG of note. Convertible Offering Files:  of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   GPS +0.17, ULTA +0.16, ZUMZ +0.12, UNIT +0.10, DOCU +0.07, WORK +0.03, MDLA +0.03, ADBE +0.03, ORCL +0.01, ZUO +0.01, TLYS +0.01 of note. Missed:  CBPO (0.72), AVGO (0.11), CAL (0.06), FLNT (0.05), MRAM (0.02) 0f note. Flat: NNBR +0.00 of note. Hourly Action This Week: Updated 3/12 Close News After The Close (In Order of Time) Walt Disney (DIS) to close Disneyland in California after Friday. NCAA cancels March Madness for Men and Women as well as all remaining winter championships and also spring championships. The PGA cancelled The Players after first round play and tournaments through The Valero Open. United Airlines (UAL) to scale back Europe flight routes on 3/19. Fluor (FLR) wins $1.78 billion Navy contract. Amazon (AMZN) tells all employees to work from home. American Airlines (AAL) pilot flew while he had coronavirus as test came back positive. Lowers Guidance: SANM (Q2) Withdraws…

Breaking News: IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings:  WPX of note. Mixed Shelf Offerings: FIXX UNIT REG of note. Convertible Offering Files:  of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   GPS +0.17, ULTA +0.16, ZUMZ +0.12, UNIT +0.10, DOCU +0.07, WORK +0.03, MDLA +0.03, ADBE +0.03, ORCL +0.01, ZUO +0.01, TLYS +0.01 of note. Missed:  CBPO (0.72), AVGO (0.11), CAL (0.06), FLNT (0.05), MRAM (0.02) 0f note. Flat: NNBR +0.00 of note. Hourly Action This Week: Updated 3/12 Close News After The Close (In Order of Time) Walt Disney (DIS) to close Disneyland in California after Friday. NCAA cancels March Madness for Men and Women as well as all remaining winter championships and also spring championships. The PGA cancelled The Players after first round play and tournaments through The Valero Open. United Airlines (UAL) to scale back Europe flight routes on 3/19. Fluor (FLR) wins $1.78 billion Navy contract. Amazon (AMZN) tells all employees to work from home. American Airlines (AAL) pilot flew while he had coronavirus as test came back positive. Lowers Guidance: SANM (Q2) Withdraws…

CAPIS Morning Note -3/12/20 President Trump Fails To Calm Markets

Morning Note

Morning Note

posted by CAPIS on 03/12/2020 at 8:07 am
by CAPIS on 03/12/2020

Breaking News: IPOs on deck: IMARA (IMRA) prices its IPOP at $16.00. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: CGEN NVAX of note. Mixed Shelf Offerings: None of note. Convertible Offering Files: SIEN of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  WUBA +3.85, SMTC +0.05, HUD +0.01  of note. Missed:   INSG (0.02), KRO (0.02) 0f note. Flat: TACO, WPM, ZAGG of note. Hourly Action This Week: Updated 3/10 Close News After The Close (In Order of Time) NCAA March Madness to be held without fans. All Ivy League spring sports are cancelled. Italy closes all stores except groceries and pharmacies. NBA suspends season. Lowers Guidance:  Withdraws Guidance:  Stock Buybacks: MSBI GMED JKS Dividend Increases: CL WPM CTRE Gap Higher: SIEN +14%, OI +8%, EBS +6%, SMTC +5%, TACO +5%, TLSA +4% Gap Lower: ZAGG -30%, CGEN -16%, PRTY -16%, AAL -13%, CCL -13%, RCL -12%, UAL -12%, NCLH -11%, DAL -10%, LUV -8%, JBLU -8%, KGC -7%, BP -7%, JETS -7%, WPM -6%, CLSD -6%, SLB -5%, MSG -5%, HAL -5%, PSX -5%. What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500 -138…

Breaking News: IPOs on deck: IMARA (IMRA) prices its IPOP at $16.00. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: CGEN NVAX of note. Mixed Shelf Offerings: None of note. Convertible Offering Files: SIEN of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  WUBA +3.85, SMTC +0.05, HUD +0.01  of note. Missed:   INSG (0.02), KRO (0.02) 0f note. Flat: TACO, WPM, ZAGG of note. Hourly Action This Week: Updated 3/10 Close News After The Close (In Order of Time) NCAA March Madness to be held without fans. All Ivy League spring sports are cancelled. Italy closes all stores except groceries and pharmacies. NBA suspends season. Lowers Guidance:  Withdraws Guidance:  Stock Buybacks: MSBI GMED JKS Dividend Increases: CL WPM CTRE Gap Higher: SIEN +14%, OI +8%, EBS +6%, SMTC +5%, TACO +5%, TLSA +4% Gap Lower: ZAGG -30%, CGEN -16%, PRTY -16%, AAL -13%, CCL -13%, RCL -12%, UAL -12%, NCLH -11%, DAL -10%, LUV -8%, JBLU -8%, KGC -7%, BP -7%, JETS -7%, WPM -6%, CLSD -6%, SLB -5%, MSG -5%, HAL -5%, PSX -5%. What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500 -138…

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