Morning Note

433 total posts

CAPIS Morning Note -9/25/20 Looks Like A Fourth Down Week In A Row

Morning Note

Morning Note

posted by CAPIS on 09/25/2020 at 7:36 am
by CAPIS on 09/25/2020

Quick Comment – Is the current weakness going to work into a bigger correction? The S&P 500 is now up 0.49% for the year while the Russell 2000 is down -12.99%. Is winter coming to the stock market? Next week we will look at some charts each day to answer this question. Covid-19 Update With Latest Data From Thursday  Total Cases 6,941,911 from 6,897,596 Recovered: 2,710,183 from 2,670,256 Deaths 194,852 from 193,912 Cases reported 43,772 from 38,204 Tests 940,415 from 842,963 Deaths 1,157 from 1,138 Hospitalizations 30,043 from 29,915 source COVID tracking project Capital Raises IPOs Priced: PMV Pharmaceuticals (PMVP) priced at $18 a share up from range of $15 to $17. Graybug Vision (GRAY) priced at $16  with a range of $15 to $17. Prelude Therapeutics (PRL) priced at $19 with range of $17 to $19. Secondaries Priced:   of note. Notes Priced of note:  of note. Common Stock filings:  of note. Selling Shareholders of note: NTNX. Mixed Shelf Offerings:  EPAM FCAP BUSE of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: SCHL +0.58, COST +0.33, AIR +0.22, TCOM +0.16 of note. Misses: MTN (0.29), CAMP (0.03) of note. Hourly Action – A mixed week. Updated…

Quick Comment – Is the current weakness going to work into a bigger correction? The S&P 500 is now up 0.49% for the year while the Russell 2000 is down -12.99%. Is winter coming to the stock market? Next week we will look at some charts each day to answer this question. Covid-19 Update With Latest Data From Thursday  Total Cases 6,941,911 from 6,897,596 Recovered: 2,710,183 from 2,670,256 Deaths 194,852 from 193,912 Cases reported 43,772 from 38,204 Tests 940,415 from 842,963 Deaths 1,157 from 1,138 Hospitalizations 30,043 from 29,915 source COVID tracking project Capital Raises IPOs Priced: PMV Pharmaceuticals (PMVP) priced at $18 a share up from range of $15 to $17. Graybug Vision (GRAY) priced at $16  with a range of $15 to $17. Prelude Therapeutics (PRL) priced at $19 with range of $17 to $19. Secondaries Priced:   of note. Notes Priced of note:  of note. Common Stock filings:  of note. Selling Shareholders of note: NTNX. Mixed Shelf Offerings:  EPAM FCAP BUSE of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: SCHL +0.58, COST +0.33, AIR +0.22, TCOM +0.16 of note. Misses: MTN (0.29), CAMP (0.03) of note. Hourly Action – A mixed week. Updated…

CAPIS Morning Note- 9/24/20 Futures Lower As Instability In Washington D.C. Rises

Morning Note

Morning Note

posted by CAPIS on 09/24/2020 at 7:32 am
by CAPIS on 09/24/2020

Covid-19 Update With Latest Data From Wednesday  Total Cases 6,897,596 Recovered: 2,670,256 Deaths 193,912 Cases reported 38,204 Tests 842,963 Deaths 1,138 Hospitalizations 29,915 source COVID tracking project Capital Raises IPOs Priced: Secondaries Priced:  ADCT ACEL of note. Notes Priced of note:  ZGNX of note. Common Stock filings:  PENN of note. Selling Shareholders of note . Mixed Shelf Offerings:  None of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: JEF +0.73, FUL +0.06 of note. Misses: None of note. Hourly Action – More hours are negative with the corrective action last week and so far this week. Updated 9/23 close. News After The Close: New York Times (NYT) Chairman Arthur Ochs Sulzberger to retire and A.G. Sulzberger to become Chairman. President Trump refused to acknowledge that he would transfer power if he lost the election. American Water Works (AWW) wins $770 million Defense Logistics Agency contract.  Raymond James (RJF) sees client assets up 15% year over year to almost $1 trillion. Dividend Increase: NRZ Reinstates Buybacks: JEF DLTR Guides Higher: FUL Stock Split: What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. S&P 500 -20  Dow Jones Industrial…

Covid-19 Update With Latest Data From Wednesday  Total Cases 6,897,596 Recovered: 2,670,256 Deaths 193,912 Cases reported 38,204 Tests 842,963 Deaths 1,138 Hospitalizations 29,915 source COVID tracking project Capital Raises IPOs Priced: Secondaries Priced:  ADCT ACEL of note. Notes Priced of note:  ZGNX of note. Common Stock filings:  PENN of note. Selling Shareholders of note . Mixed Shelf Offerings:  None of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: JEF +0.73, FUL +0.06 of note. Misses: None of note. Hourly Action – More hours are negative with the corrective action last week and so far this week. Updated 9/23 close. News After The Close: New York Times (NYT) Chairman Arthur Ochs Sulzberger to retire and A.G. Sulzberger to become Chairman. President Trump refused to acknowledge that he would transfer power if he lost the election. American Water Works (AWW) wins $770 million Defense Logistics Agency contract.  Raymond James (RJF) sees client assets up 15% year over year to almost $1 trillion. Dividend Increase: NRZ Reinstates Buybacks: JEF DLTR Guides Higher: FUL Stock Split: What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. S&P 500 -20  Dow Jones Industrial…

CAPIS Morning Note – 9/23/20 Holy Fed Speak!! Seven Federal Reserve Speakers Today

Morning Note

Morning Note

posted by CAPIS on 09/23/2020 at 7:35 am
by CAPIS on 09/23/2020

Comment- Today will have seven Federal Reserve speakers from the Federal Reserve Chairman to a Governor and then a myriad of Federal Reserve Regional Presidents.  Covid-19 Update With Latest Data From Friday  Total Cases 6,858,927 Recovered: 2,646,959 Deaths 192.741 Cases reported 48.794 Tests 765,511 Deaths 821 Hospitalizations 29,448 Capital Raises IPOs Priced: Bentley Systems (BSY) priced at $22 a share above range of $17 to $19..  Secondaries Priced: NSA of note. Notes Priced of note:  None of note. Common Stock filings: WVE NSA   of note. Selling Shareholders of note:  UMRX Mixed Shelf Offerings:  None of note. Convertible Offering Files: ZGNX of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: NKE +0.45, KBH +0.32, SCS +0.18 of note. Misses: SFIX (-0.27) of note. Hourly Action–  Weak early and strong late this week. Last week the opposite. Updated 9/22 close. News After The Close: 3M (MMM) working to sell its food safety division for $3.5 billion. (Bloomberg) Beazer Homes (BZH) raises new orders for first two months of Q4 up 37%. KKR may bid for 1-800 Contacts at a price of $3 billion. Sysco (SYY) wins $800 million Defense Logistics Agency contract. Pinterest (PINS) sets record for downloads after iOS…

Comment- Today will have seven Federal Reserve speakers from the Federal Reserve Chairman to a Governor and then a myriad of Federal Reserve Regional Presidents.  Covid-19 Update With Latest Data From Friday  Total Cases 6,858,927 Recovered: 2,646,959 Deaths 192.741 Cases reported 48.794 Tests 765,511 Deaths 821 Hospitalizations 29,448 Capital Raises IPOs Priced: Bentley Systems (BSY) priced at $22 a share above range of $17 to $19..  Secondaries Priced: NSA of note. Notes Priced of note:  None of note. Common Stock filings: WVE NSA   of note. Selling Shareholders of note:  UMRX Mixed Shelf Offerings:  None of note. Convertible Offering Files: ZGNX of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: NKE +0.45, KBH +0.32, SCS +0.18 of note. Misses: SFIX (-0.27) of note. Hourly Action–  Weak early and strong late this week. Last week the opposite. Updated 9/22 close. News After The Close: 3M (MMM) working to sell its food safety division for $3.5 billion. (Bloomberg) Beazer Homes (BZH) raises new orders for first two months of Q4 up 37%. KKR may bid for 1-800 Contacts at a price of $3 billion. Sysco (SYY) wins $800 million Defense Logistics Agency contract. Pinterest (PINS) sets record for downloads after iOS…

CAPIS Morning Note – 9/22/20 Stocks Rebound After S&P 500 Drops 4 Days In A Row

Morning Note

Morning Note

posted by CAPIS on 09/21/2020 at 8:23 pm
by CAPIS on 09/21/2020

Thought of the Day- The S&P 500 dropped its fourth day in a row. It is the longest drop since the March low. The prior record was three down days in a row on the S&P 500. Covid-19 Update With Latest Data From Friday & Monday Total Cases 6,810,128 from 6,641,341 Recovered: 2,615,949 from 2,540,334 Deaths 191,920 from 189,665 Cases reported 39,467 from 37,291 Tests 719,685 from 897,096 Deaths 901 from 324 Hospitalizations 29,501 from 28,615 source COVID tracking project Capital Raises IPOs Priced: None of note.  Secondaries Priced: None of note. Notes Priced of note:  None of note. Common Stock filings: ADCT KC ACEL UTZ of note. Selling Shareholders of note: ADCT KC ACEL UTZ. Mixed Shelf Offerings: EHC TPIC of note. Convertible Offering Files:OMCL SEDGof note. Senior Notes Filed: None of note. Earnings After The Close: Beats: None of note. Misses: None of note. Hourly Action–  . Updated 9/17 close. News After The Close: Federal Reserve Chairman Powell releases testimony before Committee Parsons (PSN) gets three task orders totaling $69 million from Air Force.on Financial Services, U.S. House of Representatives on 9/22/20 Index Changes: Fulgent Genetics (FLGT) to join S&P 600 effective open on 9/25. U.K. Covid-19 Alert is raised to 4 from 3.…

Thought of the Day- The S&P 500 dropped its fourth day in a row. It is the longest drop since the March low. The prior record was three down days in a row on the S&P 500. Covid-19 Update With Latest Data From Friday & Monday Total Cases 6,810,128 from 6,641,341 Recovered: 2,615,949 from 2,540,334 Deaths 191,920 from 189,665 Cases reported 39,467 from 37,291 Tests 719,685 from 897,096 Deaths 901 from 324 Hospitalizations 29,501 from 28,615 source COVID tracking project Capital Raises IPOs Priced: None of note.  Secondaries Priced: None of note. Notes Priced of note:  None of note. Common Stock filings: ADCT KC ACEL UTZ of note. Selling Shareholders of note: ADCT KC ACEL UTZ. Mixed Shelf Offerings: EHC TPIC of note. Convertible Offering Files:OMCL SEDGof note. Senior Notes Filed: None of note. Earnings After The Close: Beats: None of note. Misses: None of note. Hourly Action–  . Updated 9/17 close. News After The Close: Federal Reserve Chairman Powell releases testimony before Committee Parsons (PSN) gets three task orders totaling $69 million from Air Force.on Financial Services, U.S. House of Representatives on 9/22/20 Index Changes: Fulgent Genetics (FLGT) to join S&P 600 effective open on 9/25. U.K. Covid-19 Alert is raised to 4 from 3.…

CAPIS Morning Note: 9/21/20 RIP Ruth Bader Ginsburg

Morning Note

Morning Note

posted by CAPIS on 09/21/2020 at 7:41 am
by CAPIS on 09/21/2020

Breaking News- President Trump to name replacement to Justice Ginsburg on Friday or Saturday. (Fox News) Covid-19 Update With Latest Data From Friday  Total Cases 6,641,341 Recovered: 2,540,334 Deaths 189,665 Cases reported 37,291 from 43,558 Tests 897,096 from 835,868 Deaths 324 from 863 Hospitalizations 28,615 from 29,900 source COVID tracking project Capital Raises IPOs Priced: None of note.  Secondaries Priced: None of note. Notes Priced of note:  None of note. Common Stock filings: IMXI ACET of note. Selling Shareholders of note: SUZ AWH. Mixed Shelf Offerings:  CVA of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: None of note. Misses: None of note. Hourly Action – More hours are negative with the corrective action last week and so far this week. Updated 9/17 close. News After The Close: Supreme Court Justice Ruth Bader Ginsburg passed away Friday after the close. A Federal Judge issued a stay against the U.S. government on TikTok and WeChat downloads. U.S. will deploy a small number of troops to Syria. Major Ratings Agency affirms the European Union as stable while Spain revised to negative from stable and Belgium affirmed as stable. Senators Lisa Murkowski (R – AK) and Susan…

Breaking News- President Trump to name replacement to Justice Ginsburg on Friday or Saturday. (Fox News) Covid-19 Update With Latest Data From Friday  Total Cases 6,641,341 Recovered: 2,540,334 Deaths 189,665 Cases reported 37,291 from 43,558 Tests 897,096 from 835,868 Deaths 324 from 863 Hospitalizations 28,615 from 29,900 source COVID tracking project Capital Raises IPOs Priced: None of note.  Secondaries Priced: None of note. Notes Priced of note:  None of note. Common Stock filings: IMXI ACET of note. Selling Shareholders of note: SUZ AWH. Mixed Shelf Offerings:  CVA of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: None of note. Misses: None of note. Hourly Action – More hours are negative with the corrective action last week and so far this week. Updated 9/17 close. News After The Close: Supreme Court Justice Ruth Bader Ginsburg passed away Friday after the close. A Federal Judge issued a stay against the U.S. government on TikTok and WeChat downloads. U.S. will deploy a small number of troops to Syria. Major Ratings Agency affirms the European Union as stable while Spain revised to negative from stable and Belgium affirmed as stable. Senators Lisa Murkowski (R – AK) and Susan…

CAPIS Morning Note – 9/18/20 Tik Tok Tik Tok Goes The Clock On A U.S. China Tech Deal

Morning Note

Morning Note

posted by CAPIS on 09/18/2020 at 7:42 am
by CAPIS on 09/18/2020

Breaking News: We Chat and TikTok to be restricted by Commerce Department from downloads on 9/21 and then prohibited from use 11/12. (NYT) Covid-19 Update With Latest Data From Wednesday  Total Cases 6,641,341 from 6,597,783 Recovered: 2,540,334 from 2,525,573 Deaths 189,665 from 188,802 Cases reported 43,558 from 40,021 Tests 835,868 from 671,243 Deaths 863 from 1,202 Hospitalizations 29,900 from 30,278 source COVID tracking project Capital Raises IPOs Priced: Unity Software (U) priced at $52 above range of $44 to $48.  Secondaries Priced: ONEW EPRT  of note. Notes Priced of note:  None of note. Common Stock filings: EPRT of note. Selling Shareholders of note CELH. Mixed Shelf Offerings:  None of note. Convertible Offering Files: MCS of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: None of note. Misses: None of note. Hourly Action – More hours are negative with the corrective action last week and so far this week. Updated 9/17 close. News After The Close: MGM Resorts (MGM) unit BetMGM is now an official betting partner with the Oakland Raiders. Federal Judge blocks U.S. Postal Service from making changes to delay mail. Federal Reserve releases scenarios for a second test of bank stress tests. Kinross Gold (KGC) sees production up by 20% in…

Breaking News: We Chat and TikTok to be restricted by Commerce Department from downloads on 9/21 and then prohibited from use 11/12. (NYT) Covid-19 Update With Latest Data From Wednesday  Total Cases 6,641,341 from 6,597,783 Recovered: 2,540,334 from 2,525,573 Deaths 189,665 from 188,802 Cases reported 43,558 from 40,021 Tests 835,868 from 671,243 Deaths 863 from 1,202 Hospitalizations 29,900 from 30,278 source COVID tracking project Capital Raises IPOs Priced: Unity Software (U) priced at $52 above range of $44 to $48.  Secondaries Priced: ONEW EPRT  of note. Notes Priced of note:  None of note. Common Stock filings: EPRT of note. Selling Shareholders of note CELH. Mixed Shelf Offerings:  None of note. Convertible Offering Files: MCS of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: None of note. Misses: None of note. Hourly Action – More hours are negative with the corrective action last week and so far this week. Updated 9/17 close. News After The Close: MGM Resorts (MGM) unit BetMGM is now an official betting partner with the Oakland Raiders. Federal Judge blocks U.S. Postal Service from making changes to delay mail. Federal Reserve releases scenarios for a second test of bank stress tests. Kinross Gold (KGC) sees production up by 20% in…

CAPIS Morning Note – 9/17/20 Futures Drop On Further Analysis of Fed Action & Vaccine Conflicts

Morning Note

Morning Note

posted by CAPIS on 09/16/2020 at 8:27 pm
by CAPIS on 09/16/2020

Covid-19 Update With Latest Data From Monday  Total Cases 6,597,783 from 6,557,762 Recovered: 2,525,573 from 2,495,127 Deaths 188,802 from 187,600 Cases reported 40,021 from 35,445 Tests 671,243 from 679,505 Deaths 1,202 from 1,031 Hospitalizations 30,278 from 30,327 source COVID tracking project Capital Raises IPOs Priced: Trillium Therapeutics (TRIL) priced at $13. Dyne Therapeutics (DYN) priced at $19 above $16 to $18 range. Amwell (AMWL) priced at $18 above range of $14 to $16. Sumo Logic (SUMO) priced at $22 above range of $17 to $21. Secondaries Priced:  ETNB SBBP NCNA of note. Notes Priced of note:  None of note. Common Stock filings: NCNA SBBP CHWY of note. Selling Shareholders FSLA KRNT PPD FRTA. Mixed Shelf Offerings: ALRS CHWY FRGI of note. Convertible Offering Files: CDLX of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: MLHR +0.94  of note. Misses: None of note. Hourly Action – More hours are negative with the corrective action last week and so far this week. Udpated 9/15 close. News After The Close: President Trump and CDC Director Robert Redfield are conflicted on a vaccine and mask use. (The Washington Post) FICO to reduce workforce by 3.5%. Northrop Grumman (NOC) wins $300 million Air Force contract. Dividend Increase: INGR Reinstates…

Covid-19 Update With Latest Data From Monday  Total Cases 6,597,783 from 6,557,762 Recovered: 2,525,573 from 2,495,127 Deaths 188,802 from 187,600 Cases reported 40,021 from 35,445 Tests 671,243 from 679,505 Deaths 1,202 from 1,031 Hospitalizations 30,278 from 30,327 source COVID tracking project Capital Raises IPOs Priced: Trillium Therapeutics (TRIL) priced at $13. Dyne Therapeutics (DYN) priced at $19 above $16 to $18 range. Amwell (AMWL) priced at $18 above range of $14 to $16. Sumo Logic (SUMO) priced at $22 above range of $17 to $21. Secondaries Priced:  ETNB SBBP NCNA of note. Notes Priced of note:  None of note. Common Stock filings: NCNA SBBP CHWY of note. Selling Shareholders FSLA KRNT PPD FRTA. Mixed Shelf Offerings: ALRS CHWY FRGI of note. Convertible Offering Files: CDLX of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: MLHR +0.94  of note. Misses: None of note. Hourly Action – More hours are negative with the corrective action last week and so far this week. Udpated 9/15 close. News After The Close: President Trump and CDC Director Robert Redfield are conflicted on a vaccine and mask use. (The Washington Post) FICO to reduce workforce by 3.5%. Northrop Grumman (NOC) wins $300 million Air Force contract. Dividend Increase: INGR Reinstates…

CAPIS Morning Note -9/16/20 Stocks Refuse To Break Into FOMC

Morning Note

Morning Note

posted by CAPIS on 09/16/2020 at 7:26 am
by CAPIS on 09/16/2020

Covid-19 Update With Latest Data From Monday  Total Cases 6,557,762 from 6,518,306 Recovered: 2,495,127 from 2,474,570 Deaths 187,600 from 186,548 Cases reported 35,445 from 28,853 Tests 679,505 from 742,504 Deaths 1,031 from 810 Hospitalizations 30,327 from  29,867 source COVID tracking project Capital Raises IPOs Priced: Snowflake (SNOW) priced at $120 a share above range of $100 to $110. StepStone Group  (STEP) priced at $18 a share above range of $15 to $17. JFrog (FROG) prices at $44 a share $33 to $37. Secondaries Priced: SHOP of note. Notes Priced of note: MDLA of note. Common Stock filings: NEE of note. Selling Shareholders SYNH ADT Mixed Shelf Offerings: None of note. Convertible Offering Files:  SHOP of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: FDX +2.15, ADBE +0.16  of note. Misses: None of note. Hourly Action – More hours are negative with the corrective action last week and so far this week. News After The Close: Kohl’s (KSS) reiterates that 15% of corporate jobs will be cut. Alphabet (GOOGL) releases Google Meet Series One, the Zoom killer. AMC Networks (AMCX) starts modified Dutch auction to tender $250 million of Class A Shares, names James L. Dolan as Non-Executive Chairman. Spotify…

Covid-19 Update With Latest Data From Monday  Total Cases 6,557,762 from 6,518,306 Recovered: 2,495,127 from 2,474,570 Deaths 187,600 from 186,548 Cases reported 35,445 from 28,853 Tests 679,505 from 742,504 Deaths 1,031 from 810 Hospitalizations 30,327 from  29,867 source COVID tracking project Capital Raises IPOs Priced: Snowflake (SNOW) priced at $120 a share above range of $100 to $110. StepStone Group  (STEP) priced at $18 a share above range of $15 to $17. JFrog (FROG) prices at $44 a share $33 to $37. Secondaries Priced: SHOP of note. Notes Priced of note: MDLA of note. Common Stock filings: NEE of note. Selling Shareholders SYNH ADT Mixed Shelf Offerings: None of note. Convertible Offering Files:  SHOP of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: FDX +2.15, ADBE +0.16  of note. Misses: None of note. Hourly Action – More hours are negative with the corrective action last week and so far this week. News After The Close: Kohl’s (KSS) reiterates that 15% of corporate jobs will be cut. Alphabet (GOOGL) releases Google Meet Series One, the Zoom killer. AMC Networks (AMCX) starts modified Dutch auction to tender $250 million of Class A Shares, names James L. Dolan as Non-Executive Chairman. Spotify…

CAPIS Morning Note – 9/15/20

Morning Note

Morning Note

posted by CAPIS on 09/14/2020 at 8:56 pm
by CAPIS on 09/14/2020

Quick Comments: Covid-19 Update With Latest Data From Monday  Total Cases 6,518,306 from 6,487,751 Recovered: 2,474,570 from 2,451,406 Deaths 186,548 from 186,162 Cases reported 28,853 from  38,543 Tests 742,504 from 733,719 Deaths 810 from 1,018 Hospitalizations 29,795 from 29,816 source COVID tracking project Capital Raises IPOs Filed: Secondaries Priced: OM of note. Notes Priced of note: None of note. Common Stock filings: FRTA KRNT MRCY ETNB CCL of note. Mixed Shelf Offerings: MRCY LPTX  of note. Convertible Offering Files: MDLA of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: None of note. Misses: None of note. Hourly Action – More hours are negative with the corrective action last week. News After The Close: Monolithic Power (MPWR) raises Q3 revenue guidance. ExlService (EXLS) guides Q3 and FY 2020 EPS and revenues above consensus, will accelerate buybacks. FedEx (FDX) to raise rates on 1/4/21. SEC to examine Nikola (NKLA) over fraud allegations from short seller report. MDC Holdings (MDC) notes that strong demand continues into Q3. China put up some strong economic numbers as Industrial Production rose +5.6% and Retail Sale up 0.5%. Germany had a better than expected ZEW Survey. England posted strong employment data for July. Dividend Increase: NYMT RC…

Quick Comments: Covid-19 Update With Latest Data From Monday  Total Cases 6,518,306 from 6,487,751 Recovered: 2,474,570 from 2,451,406 Deaths 186,548 from 186,162 Cases reported 28,853 from  38,543 Tests 742,504 from 733,719 Deaths 810 from 1,018 Hospitalizations 29,795 from 29,816 source COVID tracking project Capital Raises IPOs Filed: Secondaries Priced: OM of note. Notes Priced of note: None of note. Common Stock filings: FRTA KRNT MRCY ETNB CCL of note. Mixed Shelf Offerings: MRCY LPTX  of note. Convertible Offering Files: MDLA of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: None of note. Misses: None of note. Hourly Action – More hours are negative with the corrective action last week. News After The Close: Monolithic Power (MPWR) raises Q3 revenue guidance. ExlService (EXLS) guides Q3 and FY 2020 EPS and revenues above consensus, will accelerate buybacks. FedEx (FDX) to raise rates on 1/4/21. SEC to examine Nikola (NKLA) over fraud allegations from short seller report. MDC Holdings (MDC) notes that strong demand continues into Q3. China put up some strong economic numbers as Industrial Production rose +5.6% and Retail Sale up 0.5%. Germany had a better than expected ZEW Survey. England posted strong employment data for July. Dividend Increase: NYMT RC…

CAPIS Morning Note – 9/14/20 Merger Monday & FOMC Meets This Week

Morning Note

Morning Note

posted by CAPIS on 09/14/2020 at 7:46 am
by CAPIS on 09/14/2020

Quick Comments: Today sees three major deals. Tomorrow sees the FOMC begin a two day meeting and Friday sees a Quadruple witching. Could be a volatile week. Covid-19 Update With Latest Data From Over The Weekend  Total Cases 6,487,751 from 6,366,986 Recovered: 2,451,406 from 2,387,479 Deaths 186,162 from 182,779 Cases reported 38,543 from 37,581 Tests 733,719 from 614,042 Deaths 1,018 from 1,170 Hospitalizations 29,816 from 32,419 source COVID tracking project Capital Raises IPOs Filed: 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. Earnings After The Close: Beats: None of note. Misses: None of note. Hourly Action – More hours are negative with the corrective action last week. News After The Close: FAA to begin training review for the Boeing (BA) 737 MAX in London on Monday. Xerox (XRX) CFO William Osbourn to leave and the company names Xavier Heiss as interim CFO. AstraZenca (AZN) resumes Covid-19 vaccine trial. BioNTech (BNTX) and Pfizer (PFE) expand Covid-19 vaccine trial. Barron’s is + on CROX GM TSLA ZM PTON  ETSY FSLY MSFT. What’s Happening This Morning: Futures value reflects the change with fair value.…

Quick Comments: Today sees three major deals. Tomorrow sees the FOMC begin a two day meeting and Friday sees a Quadruple witching. Could be a volatile week. Covid-19 Update With Latest Data From Over The Weekend  Total Cases 6,487,751 from 6,366,986 Recovered: 2,451,406 from 2,387,479 Deaths 186,162 from 182,779 Cases reported 38,543 from 37,581 Tests 733,719 from 614,042 Deaths 1,018 from 1,170 Hospitalizations 29,816 from 32,419 source COVID tracking project Capital Raises IPOs Filed: 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. Earnings After The Close: Beats: None of note. Misses: None of note. Hourly Action – More hours are negative with the corrective action last week. News After The Close: FAA to begin training review for the Boeing (BA) 737 MAX in London on Monday. Xerox (XRX) CFO William Osbourn to leave and the company names Xavier Heiss as interim CFO. AstraZenca (AZN) resumes Covid-19 vaccine trial. BioNTech (BNTX) and Pfizer (PFE) expand Covid-19 vaccine trial. Barron’s is + on CROX GM TSLA ZM PTON  ETSY FSLY MSFT. What’s Happening This Morning: Futures value reflects the change with fair value.…

CAPIS Morning Note – 9/11/20 Always Remember…

Morning Note

Morning Note

posted by CAPIS on 09/11/2020 at 7:32 am
by CAPIS on 09/11/2020

Morning Thought: Today is the 19th anniversary of 9/11. The world has changed since then in a myriad of ways and will continue to change this decade as terrorism will not fade. Here a nice summary of how 9/11 has changed in the pandemic. (AP) Covid-19 Update With Latest Data From Thursday  Total Cases 6,366,986 from 6,329,405 Recovered: 2,387,479 Deaths 182,779 Cases reported 37,581 from 30,983 Tests 614,042 from 584,412 Deaths 1,170 from 1,089 Hospitalizations 32,419 from 32,263 source COVID tracking project Capital Raises IPOs Filed: Secondaries Priced: MNRL TRIL ITCI VRM QTNT AZEK FOUR TXG of note. Notes Priced of note: None of note. Common Stock filings: MNRL of note. Mixed Shelf Offerings: PFSW note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: ZUMZ +0.69 PTON +0.15 PLAY +0.14 CHWY +0.08 ORCL +0.07 of note. Misses: None of note. Flat: DSGX Hourly Action – More hours are positive than negative despite the corrective action the last week. News After The Close: GW Pharmaceutical (GWPH) sees positive developments on Phase III Trials on MS. Valmont (VMI) lifts share repurchase restrictions. NYSE Short Interest fell by -0.26% while shorts increased NASDAQ bets by 3.31%. Booking (BKNG) sees workforce reduction by…

Morning Thought: Today is the 19th anniversary of 9/11. The world has changed since then in a myriad of ways and will continue to change this decade as terrorism will not fade. Here a nice summary of how 9/11 has changed in the pandemic. (AP) Covid-19 Update With Latest Data From Thursday  Total Cases 6,366,986 from 6,329,405 Recovered: 2,387,479 Deaths 182,779 Cases reported 37,581 from 30,983 Tests 614,042 from 584,412 Deaths 1,170 from 1,089 Hospitalizations 32,419 from 32,263 source COVID tracking project Capital Raises IPOs Filed: Secondaries Priced: MNRL TRIL ITCI VRM QTNT AZEK FOUR TXG of note. Notes Priced of note: None of note. Common Stock filings: MNRL of note. Mixed Shelf Offerings: PFSW note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: ZUMZ +0.69 PTON +0.15 PLAY +0.14 CHWY +0.08 ORCL +0.07 of note. Misses: None of note. Flat: DSGX Hourly Action – More hours are positive than negative despite the corrective action the last week. News After The Close: GW Pharmaceutical (GWPH) sees positive developments on Phase III Trials on MS. Valmont (VMI) lifts share repurchase restrictions. NYSE Short Interest fell by -0.26% while shorts increased NASDAQ bets by 3.31%. Booking (BKNG) sees workforce reduction by…

CAPIS Morning Note – 9/10/20 Stocks Are Volatile This Morning, Lower Now Higher

Morning Note

Morning Note

posted by CAPIS on 09/09/2020 at 8:08 pm
by CAPIS on 09/09/2020

Covid-19 Update With Latest Data From Wednesday  Total Cases 6,329,405 from 6,298,422 Recovered: 2,387,479 from 2,359,111 Deaths 182,779 from 181,690 Cases reported 30,983 from 22,219 Tests 584,412 from 508,706 Deaths 1,089 from 918 Hospitalizations 32,263 source COVID tracking project Capital Raises IPOs Filed: Secondaries Priced: FRC ALBO PRPL  of note. Notes Priced of note: None of note. Common Stock filings: ITCI TRIL QTNT IIIV SPRO RPAY of note, Selling Shareholder PRPL ICE. Mixed Shelf Offerings: None of note. Convertible Offering Files: CSIQ RNG of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: RH +1.56, VRNT +0.37, AVAV +0.05, BIGC +0.05, NCNO +0.04, ZS +0.02 of note. Misses: GME (0.26) of note. Flat: DSGX Hourly Action – More hours are positive than negative despite the corrective action the last week. News After The Close: Marie Myers takes over as Acting CFO at Hewlett Packard (HPQ). David Nord to step down s CEO of Hubbell (HUBB) and will be replaced by Gerben Bakker. The Washington Post releases snippets from Rage by Bob Woodward and President Trump responds to questions about downplaying cornonvirus. U.S. to end screening of incoming international passengers at U.S. airports. Tiffany (TIF) sues LVMH over backing out of sale. J.C. Penney (JCP) gets…

Covid-19 Update With Latest Data From Wednesday  Total Cases 6,329,405 from 6,298,422 Recovered: 2,387,479 from 2,359,111 Deaths 182,779 from 181,690 Cases reported 30,983 from 22,219 Tests 584,412 from 508,706 Deaths 1,089 from 918 Hospitalizations 32,263 source COVID tracking project Capital Raises IPOs Filed: Secondaries Priced: FRC ALBO PRPL  of note. Notes Priced of note: None of note. Common Stock filings: ITCI TRIL QTNT IIIV SPRO RPAY of note, Selling Shareholder PRPL ICE. Mixed Shelf Offerings: None of note. Convertible Offering Files: CSIQ RNG of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: RH +1.56, VRNT +0.37, AVAV +0.05, BIGC +0.05, NCNO +0.04, ZS +0.02 of note. Misses: GME (0.26) of note. Flat: DSGX Hourly Action – More hours are positive than negative despite the corrective action the last week. News After The Close: Marie Myers takes over as Acting CFO at Hewlett Packard (HPQ). David Nord to step down s CEO of Hubbell (HUBB) and will be replaced by Gerben Bakker. The Washington Post releases snippets from Rage by Bob Woodward and President Trump responds to questions about downplaying cornonvirus. U.S. to end screening of incoming international passengers at U.S. airports. Tiffany (TIF) sues LVMH over backing out of sale. J.C. Penney (JCP) gets…

CAPIS Morning Note -9/9/20 Stocks Rebound After Several Days Of Selling

Morning Note

Morning Note

posted by CAPIS on 09/09/2020 at 7:36 am
by CAPIS on 09/09/2020

Covid-19 Update With Latest Data From Tuesday  Total Cases 6,298,422 from 6,275,874 Recovered: 2,359,111 from 2,333,551 Deaths 181,690 from 181,328 Cases reported 22,219 from 28,628 Tests 508,706 from 586,476 Deaths 918 from 915 Hospitalizations 32,263 from 32,002 source COVID tracking project Capital Raises IPOs Filed: Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: ALBO ATNX TXG ARCE VRM AZEK  of note. Mixed Shelf Offerings: None of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: CASY +1.18, ABM +0.33, LULU +0.18, HQY +0.16, COUP +0.13, WORK +0.03, CVGW +0.01, PHR +0.01 of note. Misses: None of note. Hourly Action – Mixed action of late News After The Close: Qiagen (QGEN) to launch portable test detecting antigens in less than 15 minutes. Under Armour (UAA) to layoff 600 employees. Astra Zeneca (AZN) puts Covid-19 vaccine trial put on hold due to patient reaction. Northop Grumman (NOC) wins $13. billion Air Force contract. Raises Guidance: Lowers Guidance: Dividend Cut: BHLB Stock Repurchase Announcement: 10-K Delays: What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. S&P 500 +35  Dow Jones Industrial Average…

Covid-19 Update With Latest Data From Tuesday  Total Cases 6,298,422 from 6,275,874 Recovered: 2,359,111 from 2,333,551 Deaths 181,690 from 181,328 Cases reported 22,219 from 28,628 Tests 508,706 from 586,476 Deaths 918 from 915 Hospitalizations 32,263 from 32,002 source COVID tracking project Capital Raises IPOs Filed: Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: ALBO ATNX TXG ARCE VRM AZEK  of note. Mixed Shelf Offerings: None of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: CASY +1.18, ABM +0.33, LULU +0.18, HQY +0.16, COUP +0.13, WORK +0.03, CVGW +0.01, PHR +0.01 of note. Misses: None of note. Hourly Action – Mixed action of late News After The Close: Qiagen (QGEN) to launch portable test detecting antigens in less than 15 minutes. Under Armour (UAA) to layoff 600 employees. Astra Zeneca (AZN) puts Covid-19 vaccine trial put on hold due to patient reaction. Northop Grumman (NOC) wins $13. billion Air Force contract. Raises Guidance: Lowers Guidance: Dividend Cut: BHLB Stock Repurchase Announcement: 10-K Delays: What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. S&P 500 +35  Dow Jones Industrial Average…

CAPIS Morning Note – 9/8/20 Futures Crashing In Tech Stocks, Welcome To Fall

Morning Note

Morning Note

posted by CAPIS on 09/08/2020 at 7:32 am
by CAPIS on 09/08/2020

Quick Thoughts: Colorado is getting hit with an early snowstorm. Investors have turned cold to tech stocks. After five straight up months we were due for some weakness. Expect more liquidity as players return from summer vacations. Covid-19 Update With Latest Data From Last Wednesday  Total Cases 6,275,874 from 6,072,291 Recovered: 2,333,551 from 2,231,757 Deaths 181,328 from 177,645 Cases reported 28,628 from 30,409 Tests 586,476 from 644,842 Deaths 915 from 1,021 Hospitalizations 32,002 from 35,569 source COVID tracking project Capital Raises IPOs Filed: Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings:  Selling Shareholders NEON TTWO RIG of note. Mixed Shelf Offerings:  GNUS GERN  of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: None of note. Misses: None of note. Flat:  News After The Close: Index Changes: ETSY TER CTLT move to S&P 500, WING MEDP FOXF JAZZ move to S&P 400. Tesla (TSLA) falls Friday after close as not named to the S&P 500. Finland credit rating affirmed by major ratings firm, stays at AA+/A-1+. Churchill Downs (CHDN) reports that bets on the Kentucky Derby were $126 million down from $250.9 in 2019. Barron’s + on TM SNE…

Quick Thoughts: Colorado is getting hit with an early snowstorm. Investors have turned cold to tech stocks. After five straight up months we were due for some weakness. Expect more liquidity as players return from summer vacations. Covid-19 Update With Latest Data From Last Wednesday  Total Cases 6,275,874 from 6,072,291 Recovered: 2,333,551 from 2,231,757 Deaths 181,328 from 177,645 Cases reported 28,628 from 30,409 Tests 586,476 from 644,842 Deaths 915 from 1,021 Hospitalizations 32,002 from 35,569 source COVID tracking project Capital Raises IPOs Filed: Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings:  Selling Shareholders NEON TTWO RIG of note. Mixed Shelf Offerings:  GNUS GERN  of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: None of note. Misses: None of note. Flat:  News After The Close: Index Changes: ETSY TER CTLT move to S&P 500, WING MEDP FOXF JAZZ move to S&P 400. Tesla (TSLA) falls Friday after close as not named to the S&P 500. Finland credit rating affirmed by major ratings firm, stays at AA+/A-1+. Churchill Downs (CHDN) reports that bets on the Kentucky Derby were $126 million down from $250.9 in 2019. Barron’s + on TM SNE…

CAPIS Morning Note -9/3/20 Futures Lower This Morning As High Fliers Fall

Morning Note

Morning Note

posted by CAPIS on 09/03/2020 at 7:28 am
by CAPIS on 09/03/2020

There will be no production tomorrow as we head into Labor Day weekend. Time for a day off. Covid-19 Update With Latest Data  Total Cases 6,072,291 from 6,041,860 Recovered: 2,231,757 from 2,202,663 Deaths 177,645 from 176,624 Cases reported 30,409 from 42,401 Tests 644,842 from 698,161 Deaths 1,021 from 1,022 Hospitalizations 35,569 from 35,269 source COVID tracking project Capital Raises IPOs Filed: Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: GMSG AMC of note. Mixed Shelf Offerings: GSMG of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: PVH +2.56, SPWH +0.47, FIVE +0.39, GWRE +0.38, CPRT +0.31, SAIC +0.19, MDB +0.18, SMAR +0.10, AMBA +0.08, ZUO +0.07, CRWD +0.04, PD +0.03, CLDR +0.03 of note. Misses: None of note. Flat:  News After The Close: CDC tells states to be ready for a vaccine by early November. NASDAQ (NDAQ) reports August Options Volume was 215 million versus 218 million in July and 157 million a year ago. eBay (EBAY) expands shipping options with UPS. Trump Administration cancels ventilator orders has the U.S. government has more than needed. Raises Guidance: CRWS SAIC CLDR Lowers Guidance: GWRE Stock Repurchase Announcement: 10-K Delays: What’s…

There will be no production tomorrow as we head into Labor Day weekend. Time for a day off. Covid-19 Update With Latest Data  Total Cases 6,072,291 from 6,041,860 Recovered: 2,231,757 from 2,202,663 Deaths 177,645 from 176,624 Cases reported 30,409 from 42,401 Tests 644,842 from 698,161 Deaths 1,021 from 1,022 Hospitalizations 35,569 from 35,269 source COVID tracking project Capital Raises IPOs Filed: Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: GMSG AMC of note. Mixed Shelf Offerings: GSMG of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: PVH +2.56, SPWH +0.47, FIVE +0.39, GWRE +0.38, CPRT +0.31, SAIC +0.19, MDB +0.18, SMAR +0.10, AMBA +0.08, ZUO +0.07, CRWD +0.04, PD +0.03, CLDR +0.03 of note. Misses: None of note. Flat:  News After The Close: CDC tells states to be ready for a vaccine by early November. NASDAQ (NDAQ) reports August Options Volume was 215 million versus 218 million in July and 157 million a year ago. eBay (EBAY) expands shipping options with UPS. Trump Administration cancels ventilator orders has the U.S. government has more than needed. Raises Guidance: CRWS SAIC CLDR Lowers Guidance: GWRE Stock Repurchase Announcement: 10-K Delays: What’s…

CAPIS Morning Note -9/2/20 Futures Higher – “It’s Deja Vous All Over Again”

Morning Note

Morning Note

posted by CAPIS on 09/02/2020 at 6:40 am
by CAPIS on 09/02/2020

Fun Fact: Michael Jordan buys a stake into Draft Kings (DKNG). Jordan has been known to love a good bet and clearly loves the company to take a stake here. Covid-19 Update With Latest Data  Total Cases 6,041,860 Recovered: 2,202,663 Deaths 176,624 Cases reported 42,401 from 44,264 Tests 698,161 from 749,427 Deaths 1,022 from 1,129 Hospitalizations 35,269 from 37,464 source COVID tracking project Capital Raises IPOs Filed: Secondaries Priced: None of note. Notes Priced of note:  BB of note. Common Stock filings: HLNE TBPH of note. Mixed Shelf Offerings: PRIM of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: CAL +0.45, HRB +0.22, HOME +0.10, SCVL +0.09  of note. Misses: None of note. Flat:  News After The Close: AMC Entertainment (AMC) to open another 140 locations this weekend. Oak Street Health (OSH) to announce collaboration with Walmart (WMT) to offer clinics in Dallas Fort Worth area. AT&T (T) to not sell Warner Brothers Video Game unit. White House halts evictions through year end with certain qualifiers. General Motors (GM) to meet with Ivanka Trump on 9/2. Raises Guidance: Stock Repurchase Announcement: 10-K Delays: AZPN What’s Happening This Morning: Futures value reflects the change with fair value.…

Fun Fact: Michael Jordan buys a stake into Draft Kings (DKNG). Jordan has been known to love a good bet and clearly loves the company to take a stake here. Covid-19 Update With Latest Data  Total Cases 6,041,860 Recovered: 2,202,663 Deaths 176,624 Cases reported 42,401 from 44,264 Tests 698,161 from 749,427 Deaths 1,022 from 1,129 Hospitalizations 35,269 from 37,464 source COVID tracking project Capital Raises IPOs Filed: Secondaries Priced: None of note. Notes Priced of note:  BB of note. Common Stock filings: HLNE TBPH of note. Mixed Shelf Offerings: PRIM of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: CAL +0.45, HRB +0.22, HOME +0.10, SCVL +0.09  of note. Misses: None of note. Flat:  News After The Close: AMC Entertainment (AMC) to open another 140 locations this weekend. Oak Street Health (OSH) to announce collaboration with Walmart (WMT) to offer clinics in Dallas Fort Worth area. AT&T (T) to not sell Warner Brothers Video Game unit. White House halts evictions through year end with certain qualifiers. General Motors (GM) to meet with Ivanka Trump on 9/2. Raises Guidance: Stock Repurchase Announcement: 10-K Delays: AZPN What’s Happening This Morning: Futures value reflects the change with fair value.…

CAPIS Morning Note -9/1/20 Zoom(ZM) To Keep On Zooming This Morning

Morning Note

Morning Note

posted by CAPIS on 09/01/2020 at 6:39 am
by CAPIS on 09/01/2020

Fun Fact: Zoom is up 340% through yesterday and another 31% this morning. They crushed earnings after the closed and raised estimates going forward. Covid-19 Update With Latest Data (No Update Over Weekend or Monday) Cases reported 44,264 Tests 749,427 Positivity Rate 5.91% Deaths 1,129 Hospitalizations 37,464 Mortality Rate at 2.96% no change source COVID tracking project Capital Raises IPOs Filed: Secondaries Priced: None of note. Notes Priced of note:  None of note. Common Stock filings: ZSAN of note, PRPL (selling shareholders). Mixed Shelf Offerings: LINC of note. Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Hourly Action – 8/27 Close  Earnings After The Close: Beats: ZM +0.42 of note. Misses: SCSC (-0.02) of note. Flat:  News After The Close: Carnival Cruise (CCL) cancels more cruises into 2021. AstraZeneca (AZN) takes vaccine development to 50,000 volunteers. AT&T (T) to exchange 25 series of notes for cash and 2053 senior notes. Facebook (FB) loses VP Brian Boland who ran partnerships resigns. Raises Guidance: COHU SITM  Stock Repurchase Announcement: PFPT QDE MELI. 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 -19…

Fun Fact: Zoom is up 340% through yesterday and another 31% this morning. They crushed earnings after the closed and raised estimates going forward. Covid-19 Update With Latest Data (No Update Over Weekend or Monday) Cases reported 44,264 Tests 749,427 Positivity Rate 5.91% Deaths 1,129 Hospitalizations 37,464 Mortality Rate at 2.96% no change source COVID tracking project Capital Raises IPOs Filed: Secondaries Priced: None of note. Notes Priced of note:  None of note. Common Stock filings: ZSAN of note, PRPL (selling shareholders). Mixed Shelf Offerings: LINC of note. Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Hourly Action – 8/27 Close  Earnings After The Close: Beats: ZM +0.42 of note. Misses: SCSC (-0.02) of note. Flat:  News After The Close: Carnival Cruise (CCL) cancels more cruises into 2021. AstraZeneca (AZN) takes vaccine development to 50,000 volunteers. AT&T (T) to exchange 25 series of notes for cash and 2053 senior notes. Facebook (FB) loses VP Brian Boland who ran partnerships resigns. Raises Guidance: COHU SITM  Stock Repurchase Announcement: PFPT QDE MELI. 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 -19…

CAPIS Morning Note – 8/31/20 New Rule: Stocks Cannot Trade Down On Mondays

Morning Note

Morning Note

posted by CAPIS on 08/31/2020 at 5:58 am
by CAPIS on 08/31/2020

Fun Fact: If the S&P 500 is higher today it will be higher 18 of the last 19 Mondays, quite impressive. Covid-19 Update With Latest Data (No Update Over Weekend) Cases reported 44,264 Tests 749,427 Positivity Rate 5.91% Deaths 1,129 Hospitalizations 37,464 Mortality Rate at 2.96% no change source COVID tracking project Capital Raises IPOs Filed: GoodRx files to go public.  Secondaries Priced: NIO of note. Notes Priced of note:  None of note. Common Stock filings:  HLI FREQ AVYA of note, AMC (selling shareholders). Mixed Shelf Offerings: CYAD ABUS ASMB TRN RPAY of note. Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Hourly Action – 8/27 Close – Mixed week continues. Earnings After The Close: Beats: None of note. Misses: None of note. Flat:  News After The Close: AT&T (T) looks to sell DirecTV wiht potential bidders to include Apollo Global Mgmt (APO). Apple (AAPL) suspends Epic Games’ developer account. Pinterest (PINS) terminates lease for office near its San Francisco headquarters. New bidders for TikTok assets Centricus Asset Mgmt and Triller offer $20 billion. Abbott Labs (ABT) wins $760 million contract from the US Defense Logistics Agency on its rapid  antigen test for Covid -19. In Barron’s over the…

Fun Fact: If the S&P 500 is higher today it will be higher 18 of the last 19 Mondays, quite impressive. Covid-19 Update With Latest Data (No Update Over Weekend) Cases reported 44,264 Tests 749,427 Positivity Rate 5.91% Deaths 1,129 Hospitalizations 37,464 Mortality Rate at 2.96% no change source COVID tracking project Capital Raises IPOs Filed: GoodRx files to go public.  Secondaries Priced: NIO of note. Notes Priced of note:  None of note. Common Stock filings:  HLI FREQ AVYA of note, AMC (selling shareholders). Mixed Shelf Offerings: CYAD ABUS ASMB TRN RPAY of note. Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Hourly Action – 8/27 Close – Mixed week continues. Earnings After The Close: Beats: None of note. Misses: None of note. Flat:  News After The Close: AT&T (T) looks to sell DirecTV wiht potential bidders to include Apollo Global Mgmt (APO). Apple (AAPL) suspends Epic Games’ developer account. Pinterest (PINS) terminates lease for office near its San Francisco headquarters. New bidders for TikTok assets Centricus Asset Mgmt and Triller offer $20 billion. Abbott Labs (ABT) wins $760 million contract from the US Defense Logistics Agency on its rapid  antigen test for Covid -19. In Barron’s over the…

CAPIS Morning Note -8/28/20 Conventions Over, On to Debates

Morning Note

Morning Note

posted by CAPIS on 08/28/2020 at 6:15 am
by CAPIS on 08/28/2020

Fun Fact: S&P 500 sets up for the best August since 1986. (CNBC) Covid-19 Update With Latest Data Cases reported 44,264 from 43,140 Tests 749,427 from 674,792 Positivity Rate 5.91% from 6.39% Deaths 1,129 from 1,249 Hospitalizations 37,464 from 38,411 Mortality Rate at 2.96% no change source COVID tracking project Capital Raises IPOs Priced: price IPO at $15 a share up from $11 to $13. Secondaries Priced:  ODT of note. Notes Priced of note:  None of note. Common Stock filings: NIO COTY (selling shareholder) of note. Mixed Shelf Offerings: MPLX DY of note. Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Hourly Action – 8/27 Close – Mixed week continues. Earnings After The Close: Beats: ULTA +0.58, DELL +0.52, VMW +0.36, MBUU +0.28, NTNX +0.28, GPS +0.23, WDAY +0.18, OLLI +0.14, OKTA +0.09, BILL +0.09, VEEV +0.08, HPQ +0.06, MRVL +0.01 of note. Misses: PAGS (0.03) of note. Flat:  News After The Close: Nutanix (NTNX) CEO Dheeraj Pandey to retire. Bains invest $750 million into the company. Autozone (AZO) CFO Bill Giles to retire at the end of December. TikTok owner ByteDance tells engineers to make contingencies should it need to shut down operations. ByteDance wants…

Fun Fact: S&P 500 sets up for the best August since 1986. (CNBC) Covid-19 Update With Latest Data Cases reported 44,264 from 43,140 Tests 749,427 from 674,792 Positivity Rate 5.91% from 6.39% Deaths 1,129 from 1,249 Hospitalizations 37,464 from 38,411 Mortality Rate at 2.96% no change source COVID tracking project Capital Raises IPOs Priced: price IPO at $15 a share up from $11 to $13. Secondaries Priced:  ODT of note. Notes Priced of note:  None of note. Common Stock filings: NIO COTY (selling shareholder) of note. Mixed Shelf Offerings: MPLX DY of note. Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Hourly Action – 8/27 Close – Mixed week continues. Earnings After The Close: Beats: ULTA +0.58, DELL +0.52, VMW +0.36, MBUU +0.28, NTNX +0.28, GPS +0.23, WDAY +0.18, OLLI +0.14, OKTA +0.09, BILL +0.09, VEEV +0.08, HPQ +0.06, MRVL +0.01 of note. Misses: PAGS (0.03) of note. Flat:  News After The Close: Nutanix (NTNX) CEO Dheeraj Pandey to retire. Bains invest $750 million into the company. Autozone (AZO) CFO Bill Giles to retire at the end of December. TikTok owner ByteDance tells engineers to make contingencies should it need to shut down operations. ByteDance wants…

CAPIS Morning Note -8/27/20 All Eyes Focused On Jackson Hole Symposium – Powell’s Speech At 9:10 a.m. EDT

Morning Note

Morning Note

posted by CAPIS on 08/27/2020 at 6:06 am
by CAPIS on 08/27/2020

Breaking News:  Covid-19 Update With Latest Data Cases reported 43,140 from  36,679 Tests 674,792 from 634,461 Positivity Rate 6.39% from 5.78% Deaths 1,249 from 1,147 Hospitalizations 38,411 from 38,762 Mortality Rate at 2.96% no change source COVID tracking project Capital Raises IPOs Priced: Xpeng (XPEV) price IPO at $15 a share up from $11 to $13. Secondaries Priced: AEYE of note. Notes Priced of note:  FBIO LRN of note. Common Stock filings:  ODT  AEYE of note. Mixed Shelf Offerings: FBMS of note. Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Hourly Action – 8/26 Close – Do not be a seller in the last hour! Earnings After The Close: Beats: WSM +0.81, NTAP +0.32, ESTC +0.24, BILI +0.15, BOX +0.13, LCI +0.04, SMTC +0.01, SPLK +0.01 of note. Misses: None of note. Flat: GEF News After The Close: Carnival (CCL) announces that Princess Cruises extend pause in cruise operations in Australia and New Zealand through 12/12. White House working on a $500 billion stimulus bill, likely to be dead on arrival. Milwaukee Bucks protest NBA playoff game against Orlando Magic by not taking the court, two other games cancelled as well. Protest over shooting of…

Breaking News:  Covid-19 Update With Latest Data Cases reported 43,140 from  36,679 Tests 674,792 from 634,461 Positivity Rate 6.39% from 5.78% Deaths 1,249 from 1,147 Hospitalizations 38,411 from 38,762 Mortality Rate at 2.96% no change source COVID tracking project Capital Raises IPOs Priced: Xpeng (XPEV) price IPO at $15 a share up from $11 to $13. Secondaries Priced: AEYE of note. Notes Priced of note:  FBIO LRN of note. Common Stock filings:  ODT  AEYE of note. Mixed Shelf Offerings: FBMS of note. Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Hourly Action – 8/26 Close – Do not be a seller in the last hour! Earnings After The Close: Beats: WSM +0.81, NTAP +0.32, ESTC +0.24, BILI +0.15, BOX +0.13, LCI +0.04, SMTC +0.01, SPLK +0.01 of note. Misses: None of note. Flat: GEF News After The Close: Carnival (CCL) announces that Princess Cruises extend pause in cruise operations in Australia and New Zealand through 12/12. White House working on a $500 billion stimulus bill, likely to be dead on arrival. Milwaukee Bucks protest NBA playoff game against Orlando Magic by not taking the court, two other games cancelled as well. Protest over shooting of…

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