Morning Note

165 total posts

CAPIS Morning Note -7/18/19 Passive Funds See $46 Billion Of Inflows In June

Morning Note

Morning Note

posted by CAPIS on 07/18/2019 at 7:47 am
by CAPIS on 07/18/2019

Fact of The Day – Morningstar reported passive funds (Open-End and ETFs) reported in flows of $46 billion in June after $2 billion of outflows in May. YTD $224 billion of inflows versus $218 billion. Corporate Actions IPOs on deck for today:  AMK CPAUU OACU MIRM GMAB FULC PHR ORCC Secondaries on deck:  SENS NYMT FTSV EPRT EFC GMAB Notes Priced: MPW Common Stock filings: AMRN EFC NYMT KERN Mixed Shelf Offerings filed: AUTL Convertible Offering Files:  Courtesy of IPO Financial Earnings After The Close: Beat: URI +0.23, UMPQ +0.13, IBM +0.09, SLG +0.08, EBAY +0.06, CCI +0.05, NFLX +0.05, CATY +0.03, TBK +0.01, AA +0.01. Flat: BXS, PLXS. Missed: EGBN (0.04), TCBI (0.02), CNS (0.01), CCK (0.01), LLNW (0.01), KMI (0.01). News After The Close: Netflix (NFLX) lower as new subscribers missed. Wayfair (W) CTO John Mulliken and COO James Savarese to retire. Advanced Auto (AAP) names Jason McDonell as Chief Marketing Offices as of 7/29. Senator Chuck Schumer asks FBI to look at FaceApp and Kremlin ties. Stock Repurchase: IBKC Dividend Increase: SWK KEY What’s Happening This Morning: Going forward the futures value reflects the change with fair value. We will still indicate the fair value direction.  U.S. futures:…

Fact of The Day – Morningstar reported passive funds (Open-End and ETFs) reported in flows of $46 billion in June after $2 billion of outflows in May. YTD $224 billion of inflows versus $218 billion. Corporate Actions IPOs on deck for today:  AMK CPAUU OACU MIRM GMAB FULC PHR ORCC Secondaries on deck:  SENS NYMT FTSV EPRT EFC GMAB Notes Priced: MPW Common Stock filings: AMRN EFC NYMT KERN Mixed Shelf Offerings filed: AUTL Convertible Offering Files:  Courtesy of IPO Financial Earnings After The Close: Beat: URI +0.23, UMPQ +0.13, IBM +0.09, SLG +0.08, EBAY +0.06, CCI +0.05, NFLX +0.05, CATY +0.03, TBK +0.01, AA +0.01. Flat: BXS, PLXS. Missed: EGBN (0.04), TCBI (0.02), CNS (0.01), CCK (0.01), LLNW (0.01), KMI (0.01). News After The Close: Netflix (NFLX) lower as new subscribers missed. Wayfair (W) CTO John Mulliken and COO James Savarese to retire. Advanced Auto (AAP) names Jason McDonell as Chief Marketing Offices as of 7/29. Senator Chuck Schumer asks FBI to look at FaceApp and Kremlin ties. Stock Repurchase: IBKC Dividend Increase: SWK KEY What’s Happening This Morning: Going forward the futures value reflects the change with fair value. We will still indicate the fair value direction.  U.S. futures:…

CAPIS Morning Note – 7/17/19 EU Looks At Amazon

Morning Note

Morning Note

posted by CAPIS on 07/17/2019 at 7:48 am
by CAPIS on 07/17/2019

Corporate Actions IPOs on deck for today: DoYou (DOYU).  Secondaries on deck: AVRO ATEX BRKR  BYSI HYRE IMRN RGEN   Notes Priced: RGEN. Common Stock filings: FTSV AVRO SENS Mixed Shelf Offerings filed:  Convertible Offering Files: SENS Courtesy of IPO Financial Earnings After The Close: Beat:  CTAS +0.14, UAL +0.11, FNF +0.06, FULT +0.01, HWC +0.01  Flat: HOPE  Missed: SGEN (0.06), CSX (0.03)  News After The Close: House votes on Resolution to condemn President Trump’s language. Whiting Petroleum (WLL) names Correne S. Loeffler as CFO as of August 1st. Regional Mgmt (RM) names Robert Beck as CFO effective July 22nd. Department of Justice requests that Appeals Court pause on Qualcomm (QCOM) Antitrust Ruling. Stock Repurchase: HOPE MFGP What’s Happening This Morning: Going forward the futures value reflects the change with fair value. We will still indicate the fair value direction.  U.S. futures: S&P -1, Dow Jones -2, NDX -2  and Russell 2000 -1.45 with fair values higher across the board.  Asia and Europe mixed, click through for details by country. Gold and silver lower with copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, Pound and Yen. US 10 year Treasury price at $127.16…

Corporate Actions IPOs on deck for today: DoYou (DOYU).  Secondaries on deck: AVRO ATEX BRKR  BYSI HYRE IMRN RGEN   Notes Priced: RGEN. Common Stock filings: FTSV AVRO SENS Mixed Shelf Offerings filed:  Convertible Offering Files: SENS Courtesy of IPO Financial Earnings After The Close: Beat:  CTAS +0.14, UAL +0.11, FNF +0.06, FULT +0.01, HWC +0.01  Flat: HOPE  Missed: SGEN (0.06), CSX (0.03)  News After The Close: House votes on Resolution to condemn President Trump’s language. Whiting Petroleum (WLL) names Correne S. Loeffler as CFO as of August 1st. Regional Mgmt (RM) names Robert Beck as CFO effective July 22nd. Department of Justice requests that Appeals Court pause on Qualcomm (QCOM) Antitrust Ruling. Stock Repurchase: HOPE MFGP What’s Happening This Morning: Going forward the futures value reflects the change with fair value. We will still indicate the fair value direction.  U.S. futures: S&P -1, Dow Jones -2, NDX -2  and Russell 2000 -1.45 with fair values higher across the board.  Asia and Europe mixed, click through for details by country. Gold and silver lower with copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, Pound and Yen. US 10 year Treasury price at $127.16…

CAPIS Morning Note – 7/16/19 June Retail Sales Beat At +0.4%

Morning Note

Morning Note

posted by CAPIS on 07/16/2019 at 7:43 am
by CAPIS on 07/16/2019

Notable Dates – 50 years ago today Apollo 11 launched. Astronaut Michael Collins remembers. Corporate Actions IPOs on deck for this week: 8 IPOs on track for this week.  Secondaries on deck: MPW Notes Priced: None of note. Common Stock filings: RGEN MPW EPRT ATEX Mixed Shelf Offerings filed:  Convertible Offering Files: RGEN Courtesy of IPO Financial Earnings After The Close: Beat:  None of note. Flat: None of note. Missed: JBHT (0.12) of note. News After The Close: Arrow Electronic (ARW) guides lower on revenues and earnings. Lockheed Martin (LMT) wins $490 million Army contract. General Dynamics (GD) wins $275  million Army contract. What’s Happening This Morning: Going forward the futures value reflects the change with fair value. We will still indicate the fair value direction.  U.S. futures: S&P -0.30, Dow Jones -13, NDX +2  and Russell 2000 -2.77 with fair values higher across the board.  Asia and Europe mixed, click through for details by country. Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures higher . Natural Gas is lower. $ is higher vs Euro, higher versus Pound and higher versus the Yen. US 10 year Treasury price at $127.09 from $127.05 with yields at 2.099% from 2.11% . Prices…

Notable Dates – 50 years ago today Apollo 11 launched. Astronaut Michael Collins remembers. Corporate Actions IPOs on deck for this week: 8 IPOs on track for this week.  Secondaries on deck: MPW Notes Priced: None of note. Common Stock filings: RGEN MPW EPRT ATEX Mixed Shelf Offerings filed:  Convertible Offering Files: RGEN Courtesy of IPO Financial Earnings After The Close: Beat:  None of note. Flat: None of note. Missed: JBHT (0.12) of note. News After The Close: Arrow Electronic (ARW) guides lower on revenues and earnings. Lockheed Martin (LMT) wins $490 million Army contract. General Dynamics (GD) wins $275  million Army contract. What’s Happening This Morning: Going forward the futures value reflects the change with fair value. We will still indicate the fair value direction.  U.S. futures: S&P -0.30, Dow Jones -13, NDX +2  and Russell 2000 -2.77 with fair values higher across the board.  Asia and Europe mixed, click through for details by country. Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures higher . Natural Gas is lower. $ is higher vs Euro, higher versus Pound and higher versus the Yen. US 10 year Treasury price at $127.09 from $127.05 with yields at 2.099% from 2.11% . Prices…

CAPIS Morning Note -7/15/19

Morning Note

Morning Note

posted by CAPIS on 07/15/2019 at 7:52 am
by CAPIS on 07/15/2019

Corporate Actions IPOs on deck for this week: 8 IPOs on track for this week.  Secondaries on deck for this week: GMAB IFS Notes Priced: None of note. Common Stock filings:  Mixed Shelf Offerings filed:  Convertible Offering Files:  Courtesy of IPO Financial Earnings After The Close: Beat:None of note. Flat: None of note. Missed: None of note. News After The Close: Peabody Energy (BTU) names Charles Meintjes as COO. Evolution Petroleum (EPM) names Jason Brown as CEO. What’s Happening This Morning: Going forward the futures value reflects the change with fair value. We will still indicate the fair value direction.  U.S. futures: S&P +4, Dow Jones +36, NDX +13  and Russell 2000 +4.45 with fair values higher.  Asia and Europe mixed to higher, click through for details by country. Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures higher . Natural Gas is lower. $ is lower vs Euro, higher versus Pound and higher versus the Yen. US 10 year Treasury price at $127.05 from $126.94 with yields at 2.11% from  2.127%. Prices as of 8:40 a.m. EDT. Positive Sectors On Friday: Industrials, Services and Technology. Negative Sectors On Friday: Healthcare and Utilities. One Month Winners: Technology, Services and Materials. Three…

Corporate Actions IPOs on deck for this week: 8 IPOs on track for this week.  Secondaries on deck for this week: GMAB IFS Notes Priced: None of note. Common Stock filings:  Mixed Shelf Offerings filed:  Convertible Offering Files:  Courtesy of IPO Financial Earnings After The Close: Beat:None of note. Flat: None of note. Missed: None of note. News After The Close: Peabody Energy (BTU) names Charles Meintjes as COO. Evolution Petroleum (EPM) names Jason Brown as CEO. What’s Happening This Morning: Going forward the futures value reflects the change with fair value. We will still indicate the fair value direction.  U.S. futures: S&P +4, Dow Jones +36, NDX +13  and Russell 2000 +4.45 with fair values higher.  Asia and Europe mixed to higher, click through for details by country. Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures higher . Natural Gas is lower. $ is lower vs Euro, higher versus Pound and higher versus the Yen. US 10 year Treasury price at $127.05 from $126.94 with yields at 2.11% from  2.127%. Prices as of 8:40 a.m. EDT. Positive Sectors On Friday: Industrials, Services and Technology. Negative Sectors On Friday: Healthcare and Utilities. One Month Winners: Technology, Services and Materials. Three…

CAPIS Morning Note – 7/12/19 IEA Sticks To Lower Demand For Oil Globally

Morning Note

Morning Note

posted by CAPIS on 07/12/2019 at 7:49 am
by CAPIS on 07/12/2019

Breaking News –Ford (F) and Volkswagen (VWAGY) to invest billions in autonomous vehicles. Corporate Actions IPOs on deck for Today: Pivotal Investment – Unit (PIC.U), SC Health – Unit (SCH.U), Tuscan Holding – Unit (THCAU) Secondaries on deck for Today: BIP IIPR SNES. Notes Priced: None of note. Common Stock filings:  Mixed Shelf Offerings filed:  Convertible Offering Files:  Courtesy of IPO Financial Earnings After The Close: Beat:None of note. Flat: None of note. Missed: None of note. News After The Close: Alaska Air (ALK) saw June Traffic rise 1.7%. Illumina (ILMN) guides lower as does Emcore (EMKR). Accenture (ACN) names Julie Sweet as new CEO. Boeing (BA) 737 Max program manager to retire after 34 years at the company. Intuitive Surgical (ISRG) COO  Sal Brogna to transition out of the company by the end of 2019. Spirit Airlines (SAVE) updates guidance and calls for 19% revenue growth. Brazil Central Bank Economic Policy Director Carlos Viana to step down between October and November. Families feel cheated by Boeing (BA) on crash compensation. (BBC) People’s Bank of China (PBOC) may revamp benchmark and move to deposit rate. (Bloomberg) Dividend Increases: TGE R Stock Repurchases:  What’s Happening This Morning: Going forward the futures value reflects…

Breaking News –Ford (F) and Volkswagen (VWAGY) to invest billions in autonomous vehicles. Corporate Actions IPOs on deck for Today: Pivotal Investment – Unit (PIC.U), SC Health – Unit (SCH.U), Tuscan Holding – Unit (THCAU) Secondaries on deck for Today: BIP IIPR SNES. Notes Priced: None of note. Common Stock filings:  Mixed Shelf Offerings filed:  Convertible Offering Files:  Courtesy of IPO Financial Earnings After The Close: Beat:None of note. Flat: None of note. Missed: None of note. News After The Close: Alaska Air (ALK) saw June Traffic rise 1.7%. Illumina (ILMN) guides lower as does Emcore (EMKR). Accenture (ACN) names Julie Sweet as new CEO. Boeing (BA) 737 Max program manager to retire after 34 years at the company. Intuitive Surgical (ISRG) COO  Sal Brogna to transition out of the company by the end of 2019. Spirit Airlines (SAVE) updates guidance and calls for 19% revenue growth. Brazil Central Bank Economic Policy Director Carlos Viana to step down between October and November. Families feel cheated by Boeing (BA) on crash compensation. (BBC) People’s Bank of China (PBOC) may revamp benchmark and move to deposit rate. (Bloomberg) Dividend Increases: TGE R Stock Repurchases:  What’s Happening This Morning: Going forward the futures value reflects…

CAPIS Morning Note -7/11/19 Day Two Of Powell Testimony

Morning Note

Morning Note

posted by CAPIS on 07/11/2019 at 7:44 am
by CAPIS on 07/11/2019

Corporate Actions IPOs on deck for Today:  Secondaries on deck for Today: EYEN SNSS WAAS Notes Priced: None of note. Common Stock filings: MGY   Mixed Shelf Offerings filed: LULU Convertible Offering Files:  Courtesy of IPO Financial Earnings After The Close: Beat: BBBY +0.04, AIR +0.02  Flat: None of note. Missed: PSMT -0.04  News After The Close: Vishay (VSH) lowers Q2 guidance on weaker demand. Medtronic (MDT) confirms upper end of guidance. Invesco (IVZ) sees assets grow to $1.2 trillion up +3.3% Artisan Partners Asset Mgmt (APAM) sees assets rise to $113.8 billion from $106,9 billion in May. Costco (CSCO) June Comp Sales +5.4%, e-commerce +15.4% and Comp Sales in May were +4.2%and +9.7% in June of 2018. Brinker International (EAT) buys 116 franchised Chili’s, accretive to 2020. Deere & Co (DE) released June Sales and they were mixed. Dividend Increases: JBSS (special dividend of $2.40) HFBL AM FAST DAL Stock Repurchases: AEO  What’s Happening This Morning: Going forward the futures value reflects the change with fair value. We will still indicate the fair value direction. Futures just lost ground on CPI and Jobless Claims data. U.S. futures: S&P +4, Dow Jones +92, NDX +7  and Russell 2000 +3 with fair values lower.  Asia and…

Corporate Actions IPOs on deck for Today:  Secondaries on deck for Today: EYEN SNSS WAAS Notes Priced: None of note. Common Stock filings: MGY   Mixed Shelf Offerings filed: LULU Convertible Offering Files:  Courtesy of IPO Financial Earnings After The Close: Beat: BBBY +0.04, AIR +0.02  Flat: None of note. Missed: PSMT -0.04  News After The Close: Vishay (VSH) lowers Q2 guidance on weaker demand. Medtronic (MDT) confirms upper end of guidance. Invesco (IVZ) sees assets grow to $1.2 trillion up +3.3% Artisan Partners Asset Mgmt (APAM) sees assets rise to $113.8 billion from $106,9 billion in May. Costco (CSCO) June Comp Sales +5.4%, e-commerce +15.4% and Comp Sales in May were +4.2%and +9.7% in June of 2018. Brinker International (EAT) buys 116 franchised Chili’s, accretive to 2020. Deere & Co (DE) released June Sales and they were mixed. Dividend Increases: JBSS (special dividend of $2.40) HFBL AM FAST DAL Stock Repurchases: AEO  What’s Happening This Morning: Going forward the futures value reflects the change with fair value. We will still indicate the fair value direction. Futures just lost ground on CPI and Jobless Claims data. U.S. futures: S&P +4, Dow Jones +92, NDX +7  and Russell 2000 +3 with fair values lower.  Asia and…

CAPIS Morning Note – 7/10/19 It’s All About The Fed Today

Morning Note

Morning Note

posted by CAPIS on 07/10/2019 at 7:47 am
by CAPIS on 07/10/2019

Corporate Actions IPOs on deck for Today: Tuscan Holdings Unit (THCAU)  Secondaries on deck for Today: HQY Notes Priced: None of note. Common Stock filings:  Mixed Shelf Offerings filed:  Convertible Offering Files:  Courtesy of IPO Financial Earnings After The Close: Beat:  HELE +0.37, WDFC +0.08, KSHB +0.03  Flat: None of note. Missed: LEVI (0.21)  News After The Close: U.S. Equity Options June metrics on NASDAQ see volume 132 million versus 154 million in May and 139 million a year ago. Pay Pal (PYPL) reports gains of $218 million from strategic investments. Franklin Resources (BEN) sees assets grow to $715.2 billion from $695 billion. General Dynamics (GD) wins $300 million Army contract. T-Mobile (TMUS) to join the S&P 500 next Monday, July 15th. What’s Happening This Morning: Going forward the futures value reflects the change with fair value. We will still indicate the fair value direction. Futures flipped from negative to positive on the release of Powell’s opening comments. U.S. futures: S&P +4, Dow Jones +32, NDX +31   and Russell 2000 +2 with fair values higher.  Asia and Europe mixed, click through for details by country. Gold and silver lower with copper higher. WTI Crude Oil and Brent Oil Futures higher . Natural Gas is lower.…

Corporate Actions IPOs on deck for Today: Tuscan Holdings Unit (THCAU)  Secondaries on deck for Today: HQY Notes Priced: None of note. Common Stock filings:  Mixed Shelf Offerings filed:  Convertible Offering Files:  Courtesy of IPO Financial Earnings After The Close: Beat:  HELE +0.37, WDFC +0.08, KSHB +0.03  Flat: None of note. Missed: LEVI (0.21)  News After The Close: U.S. Equity Options June metrics on NASDAQ see volume 132 million versus 154 million in May and 139 million a year ago. Pay Pal (PYPL) reports gains of $218 million from strategic investments. Franklin Resources (BEN) sees assets grow to $715.2 billion from $695 billion. General Dynamics (GD) wins $300 million Army contract. T-Mobile (TMUS) to join the S&P 500 next Monday, July 15th. What’s Happening This Morning: Going forward the futures value reflects the change with fair value. We will still indicate the fair value direction. Futures flipped from negative to positive on the release of Powell’s opening comments. U.S. futures: S&P +4, Dow Jones +32, NDX +31   and Russell 2000 +2 with fair values higher.  Asia and Europe mixed, click through for details by country. Gold and silver lower with copper higher. WTI Crude Oil and Brent Oil Futures higher . Natural Gas is lower.…

CAPIS Morning Note -7/9/19 Merger Tuesday (See M&A Section)

Morning Note

Morning Note

posted by CAPIS on 07/09/2019 at 7:37 am
by CAPIS on 07/09/2019

Corporate Actions IPOs on deck for Today: None of note. Secondaries on deck for Today: NMFC LBRT  Notes Priced: None of note. Common Stock filings: HQY WAAS NMFC LBRT  BV Mixed Shelf Offerings filed: BV Convertible Offering Files:  Courtesy of IPO Financial Earnings After The Close: Beat:  None of note. Flat: None of note. Missed: None of note. News After The Close: Cohu (COHU) puts in place a temporary salary reduction and presents Fiscal Year 2020 model expectations. Piper Jaffray (PJC) may bid for Sandler O’Neill per the WSJ. Stock Repurchases Announced:  ADS What’s Happening This Morning: Going forward the futures value reflects the change with fair value. We will still indicate the fair value direction. U.S. futures: S&P -11.60, Dow Jones -105, NDX -38.54  and Russell 2000 -6.89 with fair values higher.  Asia lower and Europe mixed, click through for details by country. Gold, silver and copper lower. WTI Crude Oil and Brent Oil Futures higher . Natural Gas is lower. $ is higher vs Euro, Pound and Yen. US 10 year Treasury price $127.22 from $127.53 with yields at 2.067% from 2.04%. Prices as of 8:25 a.m. EDT. Positive Sectors On Monday: Utilities. Negative Sectors On Monday: Industrials, Healthcare,Technology and Financials.…

Corporate Actions IPOs on deck for Today: None of note. Secondaries on deck for Today: NMFC LBRT  Notes Priced: None of note. Common Stock filings: HQY WAAS NMFC LBRT  BV Mixed Shelf Offerings filed: BV Convertible Offering Files:  Courtesy of IPO Financial Earnings After The Close: Beat:  None of note. Flat: None of note. Missed: None of note. News After The Close: Cohu (COHU) puts in place a temporary salary reduction and presents Fiscal Year 2020 model expectations. Piper Jaffray (PJC) may bid for Sandler O’Neill per the WSJ. Stock Repurchases Announced:  ADS What’s Happening This Morning: Going forward the futures value reflects the change with fair value. We will still indicate the fair value direction. U.S. futures: S&P -11.60, Dow Jones -105, NDX -38.54  and Russell 2000 -6.89 with fair values higher.  Asia lower and Europe mixed, click through for details by country. Gold, silver and copper lower. WTI Crude Oil and Brent Oil Futures higher . Natural Gas is lower. $ is higher vs Euro, Pound and Yen. US 10 year Treasury price $127.22 from $127.53 with yields at 2.067% from 2.04%. Prices as of 8:25 a.m. EDT. Positive Sectors On Monday: Utilities. Negative Sectors On Monday: Industrials, Healthcare,Technology and Financials.…

CAPIS Morning Note – 7/8/19 Deutsche Bank Restructures

Morning Note

Morning Note

posted by CAPIS on 07/08/2019 at 7:44 am
by CAPIS on 07/08/2019

Corporate Actions IPOs on deck for Today: None of note. Secondaries on deck for Today:None of note. Notes Priced: None of note. Common Stock filings:  Mixed Shelf Offerings filed: FRO CBMG. Convertible Offering Files:  Courtesy of IPO Financial Earnings After The Close: Beat:None of note. Flat:None of note. Missed:None of note. News After The Close: Noble Midstream Partners (NBLX) sees CFO John Bookout IV resign to pursue other interests. USGS report 7.1 earthquake in Ridgecrest, CA. Many aftershocks over the weekend. Democratic Presidential Candidate Joe Biden interviewed by CNN over the weekend. (CNN) Stock Repurchases Announced:   What’s Happening This Morning: Going forward the futures value reflects the change with fair value. We will still indicate the fair value direction. U.S. futures: S&P -8.71, Dow Jones -89, NDX -41  and Russell 2000 -2.42 with fair values higher.  Asia lower and Europe mixed, click through for details by country. Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures lower . Natural Gas is lower. $ is flat vs Euro, Pound and Yen. US 10 year Treasury price $127.53 from $128.14  with yields at 2.04% from 1.96%. Prices as of 8:25 a.m. EDT. Top Sectors Friday: Healthcare, Industrials, Materials and Consumer Goods. Weakest…

Corporate Actions IPOs on deck for Today: None of note. Secondaries on deck for Today:None of note. Notes Priced: None of note. Common Stock filings:  Mixed Shelf Offerings filed: FRO CBMG. Convertible Offering Files:  Courtesy of IPO Financial Earnings After The Close: Beat:None of note. Flat:None of note. Missed:None of note. News After The Close: Noble Midstream Partners (NBLX) sees CFO John Bookout IV resign to pursue other interests. USGS report 7.1 earthquake in Ridgecrest, CA. Many aftershocks over the weekend. Democratic Presidential Candidate Joe Biden interviewed by CNN over the weekend. (CNN) Stock Repurchases Announced:   What’s Happening This Morning: Going forward the futures value reflects the change with fair value. We will still indicate the fair value direction. U.S. futures: S&P -8.71, Dow Jones -89, NDX -41  and Russell 2000 -2.42 with fair values higher.  Asia lower and Europe mixed, click through for details by country. Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures lower . Natural Gas is lower. $ is flat vs Euro, Pound and Yen. US 10 year Treasury price $127.53 from $128.14  with yields at 2.04% from 1.96%. Prices as of 8:25 a.m. EDT. Top Sectors Friday: Healthcare, Industrials, Materials and Consumer Goods. Weakest…

CAPIS Morning Note – 7/5/19 Job’s Friday Rise 224,000 Beating Expectations

Morning Note

Morning Note

posted by CAPIS on 07/05/2019 at 7:37 am
by CAPIS on 07/05/2019

Corporate Actions IPOs on deck for Today: None of note. Secondaries on deck for Today:None of note. Notes Priced: None of note. Common Stock filings: PBR Mixed Shelf Offerings filed:  Convertible Offering Files:  Courtesy of IPO Financial Earnings After The Close: Beat:None of note. Flat:None of note. Missed:None of note. News After The Close: Baker Hughes (BHGE) Weekly Rig Count moves to 963 (-4). President Trump nominates Christopher Waller and Judy Shelton to the Federal Reserve Board of Governors. Stock Repurchases Announced: PFBC  What’s Happening This Morning: Going forward the futures value reflects the change with fair value. We will still indicate the fair value direction. U.S. futures: S&P -3.50, Dow Jones -19, NDX -9  and Russell 2000 -2.40 with fair values lower.  Asia mixed  and Europe lower, click through for details by country. Gold, silver and copper lower. WTI Crude Oil lower  and Brent Oil Futures higher. Natural Gas is higher. $ is higher vs Euro, Pound and Yen. US 10 year Treasury price $128.14  with yields at 1.96%. Prices as of 8:32 a.m. EDT. Top Sectors Wednesday:  Consumer Goods, Conglomerates, Healthcare and Utilities. Weakest Sectors Wednesday: None of note. One Month Winners: Technology, Services and Consumer Goods. Three Month Winners: Consumer…

Corporate Actions IPOs on deck for Today: None of note. Secondaries on deck for Today:None of note. Notes Priced: None of note. Common Stock filings: PBR Mixed Shelf Offerings filed:  Convertible Offering Files:  Courtesy of IPO Financial Earnings After The Close: Beat:None of note. Flat:None of note. Missed:None of note. News After The Close: Baker Hughes (BHGE) Weekly Rig Count moves to 963 (-4). President Trump nominates Christopher Waller and Judy Shelton to the Federal Reserve Board of Governors. Stock Repurchases Announced: PFBC  What’s Happening This Morning: Going forward the futures value reflects the change with fair value. We will still indicate the fair value direction. U.S. futures: S&P -3.50, Dow Jones -19, NDX -9  and Russell 2000 -2.40 with fair values lower.  Asia mixed  and Europe lower, click through for details by country. Gold, silver and copper lower. WTI Crude Oil lower  and Brent Oil Futures higher. Natural Gas is higher. $ is higher vs Euro, Pound and Yen. US 10 year Treasury price $128.14  with yields at 1.96%. Prices as of 8:32 a.m. EDT. Top Sectors Wednesday:  Consumer Goods, Conglomerates, Healthcare and Utilities. Weakest Sectors Wednesday: None of note. One Month Winners: Technology, Services and Consumer Goods. Three Month Winners: Consumer…

CAPIS Morning Note -7/2/19 President Trump Targets E.U. On Tariffs

Morning Note

Morning Note

posted by CAPIS on 07/02/2019 at 7:56 am
by CAPIS on 07/02/2019

Corporate Actions IPOs on deck for Today: None of note. Secondaries on deck for Today:None of note. Notes Priced: None of note. Common Stock filings: RMNI SOLY NTGN EPRT Mixed Shelf Offerings filed: APTX AVRO FTSV Convertible Offering Files:  Courtesy of IPO Financial Earnings After The Close: Beat:None of note. Flat:None of note. Missed:None of note. News After The Close: Highwoods Property (HIW) announces that CEO Ed Fritsch will retire on September 1st with COO Ted Klinck to assume the role of CEO. Spirit Realty Capital (SRC) to join the S&P MidCap 400 and SM Energy (SM) to join the S&P Small Cap next Tuesday. Dividend Increases: OZK USPH What’s Happening This Morning: Going forward the futures value reflects the change with fair value. We will still indicate the fair value direction. U.S. futures: S&P -3.08, Dow Jones -38, NDX -15  and Russell 2000 -2.66 with fair values higher.  Asia  and Europe mostly higher, click through for details by country. Gold higher with silver lower with copper lower. WTI Crude Oil  and Brent Oil Futures lower. Natural Gas is higher. $ is lower vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury price $127.80 from $127.18  with yields at 2.02% from…

Corporate Actions IPOs on deck for Today: None of note. Secondaries on deck for Today:None of note. Notes Priced: None of note. Common Stock filings: RMNI SOLY NTGN EPRT Mixed Shelf Offerings filed: APTX AVRO FTSV Convertible Offering Files:  Courtesy of IPO Financial Earnings After The Close: Beat:None of note. Flat:None of note. Missed:None of note. News After The Close: Highwoods Property (HIW) announces that CEO Ed Fritsch will retire on September 1st with COO Ted Klinck to assume the role of CEO. Spirit Realty Capital (SRC) to join the S&P MidCap 400 and SM Energy (SM) to join the S&P Small Cap next Tuesday. Dividend Increases: OZK USPH What’s Happening This Morning: Going forward the futures value reflects the change with fair value. We will still indicate the fair value direction. U.S. futures: S&P -3.08, Dow Jones -38, NDX -15  and Russell 2000 -2.66 with fair values higher.  Asia  and Europe mostly higher, click through for details by country. Gold higher with silver lower with copper lower. WTI Crude Oil  and Brent Oil Futures lower. Natural Gas is higher. $ is lower vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury price $127.80 from $127.18  with yields at 2.02% from…

CAPIS Morning Note – 7/1/19 China Trade Issue Improved, Iran Becomes A Bigger Issue

Morning Note

Morning Note

posted by CAPIS on 07/01/2019 at 7:45 am
by CAPIS on 07/01/2019

Corporate Actions IPOs on deck for Today: None of note. Secondaries on deck for Today:None of note. Notes Priced: None of note. Common Stock filings: GEL Mixed Shelf Offerings filed: ICLK Convertible Offering Files:  Courtesy of IPO Financial Earnings After The Close: Beat:None of note. Flat:None of note. Missed:None of note. News After The Close: Pfizer (PFE) announces that Phase III Trial of Revatio in newborns with Persistent Pulomary Hypertension did not meet primary endpoints. Veracyte (VCYT) CFO Keith Kennefy takes on added role of COO as of today. Stocks finish best June since 1995. Boeing (BA) wins $390 million Navy contract. United Technologies (UTX) wins Navy contract worth $358.5 million. Oshkosh Defense (OSK) wins $320 million Army contract. The Russell 2000 reconstitution effective this morning’s open. What’s Happening This Morning: Going forward the futures value reflects the change with fair value. We will still indicate the fair value direction. U.S. futures: S&P +32, Dow Jones +258, NDX +1372  and Russell 2000 +18.60 with fair values lower.  Asia  and Europe higher, click through for details by country. Gold and silver lower with copper higher. WTI Crude Oil  and Brent Oil Futures higher. Natural Gas is lower. $ is higher vs Euro, higher vs. Pound…

Corporate Actions IPOs on deck for Today: None of note. Secondaries on deck for Today:None of note. Notes Priced: None of note. Common Stock filings: GEL Mixed Shelf Offerings filed: ICLK Convertible Offering Files:  Courtesy of IPO Financial Earnings After The Close: Beat:None of note. Flat:None of note. Missed:None of note. News After The Close: Pfizer (PFE) announces that Phase III Trial of Revatio in newborns with Persistent Pulomary Hypertension did not meet primary endpoints. Veracyte (VCYT) CFO Keith Kennefy takes on added role of COO as of today. Stocks finish best June since 1995. Boeing (BA) wins $390 million Navy contract. United Technologies (UTX) wins Navy contract worth $358.5 million. Oshkosh Defense (OSK) wins $320 million Army contract. The Russell 2000 reconstitution effective this morning’s open. What’s Happening This Morning: Going forward the futures value reflects the change with fair value. We will still indicate the fair value direction. U.S. futures: S&P +32, Dow Jones +258, NDX +1372  and Russell 2000 +18.60 with fair values lower.  Asia  and Europe higher, click through for details by country. Gold and silver lower with copper higher. WTI Crude Oil  and Brent Oil Futures higher. Natural Gas is lower. $ is higher vs Euro, higher vs. Pound…

CAPIS Morning Note – 6/28/19 Federal Reserve CCAR Results Out

Morning Note

Morning Note

posted by CAPIS on 06/28/2019 at 7:18 am
by CAPIS on 06/28/2019

Quick Note: Due to travel most of our tables are not updated this morning and they will be updated over the weekend. Otherwise a normal note. On a separate point watch the Financials today as there were MULTIPLE buybacks and dividend increases after the CCAR announcement by the Federal Reserve. ( see Stock Buybacks and Dividend Increases Below) Corporate Actions IPOs on deck for Today: The RealReal (REAL)  Secondaries on deck for Today: HCM. Notes Priced:  Common Stock filings: HCM SRNE. Mixed Shelf Offerings filed:  Convertible Offering Files:  Courtesy of IPO Financial Earnings After The Close: Beat:  PRGS +0.08, CAMP +0.03 Flat:  Missed: NKE (0.04), SGH (0.03) News After The Close: Nio (NIO) recalls the ESB battery for safety concerns. Federal Reserve releases CCAR results and all banks pass with only Credit Suisse (CS) to address “limited weakness”. Apple (AAPL) Chief Design Officer Jony Ives to leave after 30 years. Acadia Healthcare (ACHC) COO Ronald Fincher to leave as of July 15th. Boeing (BA) hit with more software concerns in after hours. Dividend Increase: JPM USB MS C PNC STT BAC BK DFS MTB NTRS Stock Repurchase: CFG MS COF RF STT BAC BK DFS NTRS THG What’s Happening This Morning: Going forward…

Quick Note: Due to travel most of our tables are not updated this morning and they will be updated over the weekend. Otherwise a normal note. On a separate point watch the Financials today as there were MULTIPLE buybacks and dividend increases after the CCAR announcement by the Federal Reserve. ( see Stock Buybacks and Dividend Increases Below) Corporate Actions IPOs on deck for Today: The RealReal (REAL)  Secondaries on deck for Today: HCM. Notes Priced:  Common Stock filings: HCM SRNE. Mixed Shelf Offerings filed:  Convertible Offering Files:  Courtesy of IPO Financial Earnings After The Close: Beat:  PRGS +0.08, CAMP +0.03 Flat:  Missed: NKE (0.04), SGH (0.03) News After The Close: Nio (NIO) recalls the ESB battery for safety concerns. Federal Reserve releases CCAR results and all banks pass with only Credit Suisse (CS) to address “limited weakness”. Apple (AAPL) Chief Design Officer Jony Ives to leave after 30 years. Acadia Healthcare (ACHC) COO Ronald Fincher to leave as of July 15th. Boeing (BA) hit with more software concerns in after hours. Dividend Increase: JPM USB MS C PNC STT BAC BK DFS MTB NTRS Stock Repurchase: CFG MS COF RF STT BAC BK DFS NTRS THG What’s Happening This Morning: Going forward…

CAPIS Morning Note – 6/27/19 Chinese Proposes Settlement Terms

Morning Note

Morning Note

posted by CAPIS on 06/27/2019 at 7:11 am
by CAPIS on 06/27/2019

Research Insight: This morning we drill down on the latest short interest data that was published yesterday morning. Short selling can impact the movement of stocks especially Mid and Small Cap stocks. Our friends at Erlanger Research do in depth research on short interest for the past twenty seven years. The Erlanger Commitment of Short Sellers (ECOS) continues to rise with 17  of 24 sectors seeing Dumb Short Sellers in control over Smart Short Sellers. This sets up for an interesting situation which Erlanger detailed yesterday. Read on and if you have questions reach out to your CAPIS salesperson. Corporate Actions IPOs on deck for This Week:  Another busy one for IPOs with 9 on deck. IPOs on deck for Today:  CHNG ADPT MORF BBIO Secondaries on deck for Today: INXN GMDA RMR Notes Priced:  Common Stock filings: MOTS BJ ZYXI Mixed Shelf Offerings filed:  Convertible Offering Files: QD Courtesy of IPO Financial Earnings After The Close: Beat: KBH +0.13, MLHR +0.10  Flat: WOR  Missed: PDCO (0.09), FUL (0.01) News After The Close: FAA finds another potential risk on the Boeing (BA) 737 Max. Will delay return to flight. Yum! Brands (YUM) names Chris Turner CFO as of August 8th,…

Research Insight: This morning we drill down on the latest short interest data that was published yesterday morning. Short selling can impact the movement of stocks especially Mid and Small Cap stocks. Our friends at Erlanger Research do in depth research on short interest for the past twenty seven years. The Erlanger Commitment of Short Sellers (ECOS) continues to rise with 17  of 24 sectors seeing Dumb Short Sellers in control over Smart Short Sellers. This sets up for an interesting situation which Erlanger detailed yesterday. Read on and if you have questions reach out to your CAPIS salesperson. Corporate Actions IPOs on deck for This Week:  Another busy one for IPOs with 9 on deck. IPOs on deck for Today:  CHNG ADPT MORF BBIO Secondaries on deck for Today: INXN GMDA RMR Notes Priced:  Common Stock filings: MOTS BJ ZYXI Mixed Shelf Offerings filed:  Convertible Offering Files: QD Courtesy of IPO Financial Earnings After The Close: Beat: KBH +0.13, MLHR +0.10  Flat: WOR  Missed: PDCO (0.09), FUL (0.01) News After The Close: FAA finds another potential risk on the Boeing (BA) 737 Max. Will delay return to flight. Yum! Brands (YUM) names Chris Turner CFO as of August 8th,…

CAPIS Morning Note -6/26/19 Treasury Secretary Mnuchin Says 90% Of Way There On China

Morning Note

Morning Note

posted by CAPIS on 06/26/2019 at 7:48 am
by CAPIS on 06/26/2019

Corporate Actions IPOs on deck for This Week:  Another busy one for IPOs with 9 on deck. IPOs on deck for Today:  Cambium Networks (CMBM)  Secondaries on deck for Today:  MDCO VICI Notes Priced: NRZ CHTR Common Stock filings: ODT GBT INXN Mixed Shelf Offerings filed: INXN Convertible Offering Files: LILA UNIT Courtesy of IPO Financial Earnings After The Close: Beat: MU +0.26, FDX +0.18, AVAV +0.02  Flat: None of note. Missed: SNX of note. News After The Close: Shutterstock (SSTK) Co-COO and CFO will leave and the CAO will become the SFO. PDL BioPharma (PDLI) CFO to leave 8/15. Target (TGT) counters Amazon (AMZN) Prime Day with Target Deal Day on July 15-16. San Francisco banned e-cigarettes in vote yesterday as we noted would happen. Dividend Increase: GBCI What’s Happening This Morning:  U.S. futures: S&P +11.25, Dow Jones +94, NDX +48.25  and Russell 2000 +6.50 with fair values LOWER TO FLAT HELPING THE OPEN.  Asia  and Europe mixed click through for details by country. Gold, silver and copper lower. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is lower. $ is higher vs Euro, higher vs. Pound and higher vs. Yen. US 10 year Treasury price $127.86 from $128.02…

Corporate Actions IPOs on deck for This Week:  Another busy one for IPOs with 9 on deck. IPOs on deck for Today:  Cambium Networks (CMBM)  Secondaries on deck for Today:  MDCO VICI Notes Priced: NRZ CHTR Common Stock filings: ODT GBT INXN Mixed Shelf Offerings filed: INXN Convertible Offering Files: LILA UNIT Courtesy of IPO Financial Earnings After The Close: Beat: MU +0.26, FDX +0.18, AVAV +0.02  Flat: None of note. Missed: SNX of note. News After The Close: Shutterstock (SSTK) Co-COO and CFO will leave and the CAO will become the SFO. PDL BioPharma (PDLI) CFO to leave 8/15. Target (TGT) counters Amazon (AMZN) Prime Day with Target Deal Day on July 15-16. San Francisco banned e-cigarettes in vote yesterday as we noted would happen. Dividend Increase: GBCI What’s Happening This Morning:  U.S. futures: S&P +11.25, Dow Jones +94, NDX +48.25  and Russell 2000 +6.50 with fair values LOWER TO FLAT HELPING THE OPEN.  Asia  and Europe mixed click through for details by country. Gold, silver and copper lower. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is lower. $ is higher vs Euro, higher vs. Pound and higher vs. Yen. US 10 year Treasury price $127.86 from $128.02…

CAPIS Morning Note – 6/25/19 Federal Reserve Chairman Powell Speaks At 1:00 P.M. EDT

Morning Note

Morning Note

posted by CAPIS on 06/25/2019 at 7:51 am
by CAPIS on 06/25/2019

Corporate Actions IPOs on deck for This Week:  Another busy one for IPOs with 9 on deck. IPOs on deck for Today:  None of note. Secondaries on deck for Today: KRYS ARQL Common Stock filings: MRTX EVFM ARQL KRYS  Mixed Shelf Offerings filed: ARQL MDCO Courtesy of IPO Financial Earnings After The Close: Beat: None of note. Flat: None of note. Missed: None of note. News After The Close: Integra (IART) names new COO and CFO. Genfit (GNFT) and Terns Pharmaceutical announce $228 million partnership to develop elafibranor in Greater China. MarketAxess (MKTX) to join S&P 500. Axon (AAXN) to join S&P 400 Mid Cap. USANA Health Sciences (USNA), Mesa Laboratories (MLAB) and Xencor (XNCR) to join S&P 600 Small Cap. Lockheed Martin (LMT) wins $560 million Army contract. What’s Happening This Morning:  U.S. futures: S&P -3, Dow Jones -20, NDX -12.25  and Russell 2000 -2.70 with fair values LOWER LESSENING THE PAIN. Asia  and Europe mixed click through for details by country. Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury price $128.02 from $127.75 with yields lower since Monday…

Corporate Actions IPOs on deck for This Week:  Another busy one for IPOs with 9 on deck. IPOs on deck for Today:  None of note. Secondaries on deck for Today: KRYS ARQL Common Stock filings: MRTX EVFM ARQL KRYS  Mixed Shelf Offerings filed: ARQL MDCO Courtesy of IPO Financial Earnings After The Close: Beat: None of note. Flat: None of note. Missed: None of note. News After The Close: Integra (IART) names new COO and CFO. Genfit (GNFT) and Terns Pharmaceutical announce $228 million partnership to develop elafibranor in Greater China. MarketAxess (MKTX) to join S&P 500. Axon (AAXN) to join S&P 400 Mid Cap. USANA Health Sciences (USNA), Mesa Laboratories (MLAB) and Xencor (XNCR) to join S&P 600 Small Cap. Lockheed Martin (LMT) wins $560 million Army contract. What’s Happening This Morning:  U.S. futures: S&P -3, Dow Jones -20, NDX -12.25  and Russell 2000 -2.70 with fair values LOWER LESSENING THE PAIN. Asia  and Europe mixed click through for details by country. Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury price $128.02 from $127.75 with yields lower since Monday…

CAPIS Morning Note – 6/24/19 Merger Monday (See M&A Section)

Morning Note

Morning Note

posted by CAPIS on 06/24/2019 at 7:51 am
by CAPIS on 06/24/2019

Corporate Actions IPOs on deck for This Week:  Another busy one for IPOs with 9 on deck. IPOs on deck for Today:  None of note. Secondaries on deck for Today:   None of note.    Notes Priced:  MIK. Common Stock filings: SCOR VICI. Mixed Shelf Offerings filed:  Convertible Offerings filed:  Senior Notes Files: Courtesy of IPO Financial Earnings After The Close: Beat: None of note. Flat: None of note. Missed: None of note. News After The Close: Keurig Dr. Pepper (KDP) withdraws Penafiel mineral spring water that does not meet FDA standard. Federal Reserve notes that DFAST result confirm U.S. bank strength and strong capital levels. Stock Repurchase:   Dividend Increase: What’s Happening This Morning:  U.S. futures: S&P +6.50, Dow Jones +54, NDX +22.50  and Russell 2000 +4.80 with fair values HIGHER HURTING THE OPEN. Asia  and Europe mixed click through for details by country. Gold and silver higher with copper lower. WTI Crude Oil higher  and Brent Oil Futures lower. Natural Gas is higher. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury price $127.75 from $127.81 with yields lower since Friday morning with the yield at 2.03% from 2.026%. Prices as of 8:25 a.m.…

Corporate Actions IPOs on deck for This Week:  Another busy one for IPOs with 9 on deck. IPOs on deck for Today:  None of note. Secondaries on deck for Today:   None of note.    Notes Priced:  MIK. Common Stock filings: SCOR VICI. Mixed Shelf Offerings filed:  Convertible Offerings filed:  Senior Notes Files: Courtesy of IPO Financial Earnings After The Close: Beat: None of note. Flat: None of note. Missed: None of note. News After The Close: Keurig Dr. Pepper (KDP) withdraws Penafiel mineral spring water that does not meet FDA standard. Federal Reserve notes that DFAST result confirm U.S. bank strength and strong capital levels. Stock Repurchase:   Dividend Increase: What’s Happening This Morning:  U.S. futures: S&P +6.50, Dow Jones +54, NDX +22.50  and Russell 2000 +4.80 with fair values HIGHER HURTING THE OPEN. Asia  and Europe mixed click through for details by country. Gold and silver higher with copper lower. WTI Crude Oil higher  and Brent Oil Futures lower. Natural Gas is higher. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury price $127.75 from $127.81 with yields lower since Friday morning with the yield at 2.03% from 2.026%. Prices as of 8:25 a.m.…

CAPIS Morning Note – June 21st White House Uses Restraint On Iran

Morning Note

Morning Note

posted by CAPIS on 06/21/2019 at 7:52 am
by CAPIS on 06/21/2019

Corporate Actions IPOs on deck for This Week:  Next week another busy one for IPOs with 9 on deck. Several may trade well above their pricing. IPOs on deck for Today:  None of note. Secondaries on deck for Today:  ARE ARTL ASLN BBU BXMT FI INVH LULU  of note.    Notes Priced:   Common Stock filings: ARE BXMT INVH BBU. Mixed Shelf Offerings filed:  Convertible Offerings filed:  Senior Notes Files: Courtesy of IPO Financial Earnings After The Close: Beat: RHT +0.14 of note. Flat: KFY Missed: CGC  -0.66 of note. News After The Close: Chevron (CVX) planning to bid $15 billion for Nova Chemicals. Department of Justice sues to block Quad (QUAD) acquisition of LSC Communications (LKSD). Sealer Air (SEE) fires CFO William Stiehl for cause and names James Sullivan new CFO as of Monday. Stock Repurchase:  CPF Dividend Increase: What’s Happening This Morning:  U.S. futures: S&P -8, Dow Jones -59, NDX -36.75  and Russell 2000 -3.70 with fair values LOWER HELPING THE OPEN EX RUSSELL 2000 WHICH IS HIGHER. Asia  and Europe mixed click through for details by country. Gold higher,silver lower and copper lower. WTI Crude Oil  and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro,…

Corporate Actions IPOs on deck for This Week:  Next week another busy one for IPOs with 9 on deck. Several may trade well above their pricing. IPOs on deck for Today:  None of note. Secondaries on deck for Today:  ARE ARTL ASLN BBU BXMT FI INVH LULU  of note.    Notes Priced:   Common Stock filings: ARE BXMT INVH BBU. Mixed Shelf Offerings filed:  Convertible Offerings filed:  Senior Notes Files: Courtesy of IPO Financial Earnings After The Close: Beat: RHT +0.14 of note. Flat: KFY Missed: CGC  -0.66 of note. News After The Close: Chevron (CVX) planning to bid $15 billion for Nova Chemicals. Department of Justice sues to block Quad (QUAD) acquisition of LSC Communications (LKSD). Sealer Air (SEE) fires CFO William Stiehl for cause and names James Sullivan new CFO as of Monday. Stock Repurchase:  CPF Dividend Increase: What’s Happening This Morning:  U.S. futures: S&P -8, Dow Jones -59, NDX -36.75  and Russell 2000 -3.70 with fair values LOWER HELPING THE OPEN EX RUSSELL 2000 WHICH IS HIGHER. Asia  and Europe mixed click through for details by country. Gold higher,silver lower and copper lower. WTI Crude Oil  and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro,…

CAPIS Morning Note -June 20th 10 Year Yield At 2.00% This Morning

Morning Note

Morning Note

posted by CAPIS on 06/20/2019 at 7:49 am
by CAPIS on 06/20/2019

Crazy Fact Of The Day:  Beyond Meat (BYND) has a market cap that is higher than 80 companies in the S&P 500. (CNBC) Corporate Actions IPOs on deck for This Week:  A busy week for IPOs with 8 on deck. Several may trade well above their pricing. IPOs on deck for Today:  Akero Therapeutics (AKRO), Atreca (BCEL), Dermavant Sciences (DRMT), Grocery Outlet Holding (GO), Prevail Therapeutics (PRVL), Personalis (PSNL) and South Mountain Merger – Unit (SMMCU) . Direct Listing: Slack (WORK) sets reference price at $26 a share. Secondaries on deck for Today: GNCA SRRK ZYME of note.    Notes Priced:   Common Stock filings: CYRX ELOX LAND SRRK. Mixed Shelf Offerings filed:  Convertible Offerings filed:  Senior Notes Files: Courtesy of IPO Financial Earnings After The Close: Beat: AOBC +0.10, ORCL +0.08 of note. Flat:  None of note. Missed:  SCS -0.03 of note. News After The Close: Money laundering investigation into Deutsche Bank (DB) is gaining traction per The New York Times. Zimmer Biomet (ZBH) CFO to retire in July. Stock Repurchase:   Dividend Increase: Dividend Cut: TWO   What’s Happening This Morning:  U.S. futures: S&P +27.50, Dow Jones +228, NDX +100.50  and Russell 2000 +14.60 with fair values LOWER HELPING THE OPEN EX…

Crazy Fact Of The Day:  Beyond Meat (BYND) has a market cap that is higher than 80 companies in the S&P 500. (CNBC) Corporate Actions IPOs on deck for This Week:  A busy week for IPOs with 8 on deck. Several may trade well above their pricing. IPOs on deck for Today:  Akero Therapeutics (AKRO), Atreca (BCEL), Dermavant Sciences (DRMT), Grocery Outlet Holding (GO), Prevail Therapeutics (PRVL), Personalis (PSNL) and South Mountain Merger – Unit (SMMCU) . Direct Listing: Slack (WORK) sets reference price at $26 a share. Secondaries on deck for Today: GNCA SRRK ZYME of note.    Notes Priced:   Common Stock filings: CYRX ELOX LAND SRRK. Mixed Shelf Offerings filed:  Convertible Offerings filed:  Senior Notes Files: Courtesy of IPO Financial Earnings After The Close: Beat: AOBC +0.10, ORCL +0.08 of note. Flat:  None of note. Missed:  SCS -0.03 of note. News After The Close: Money laundering investigation into Deutsche Bank (DB) is gaining traction per The New York Times. Zimmer Biomet (ZBH) CFO to retire in July. Stock Repurchase:   Dividend Increase: Dividend Cut: TWO   What’s Happening This Morning:  U.S. futures: S&P +27.50, Dow Jones +228, NDX +100.50  and Russell 2000 +14.60 with fair values LOWER HELPING THE OPEN EX…

CAPIS Morning Note – June 18th Federal Reserve Likely To Drop Wording “Patient”

Morning Note

Morning Note

posted by CAPIS on 06/19/2019 at 7:51 am
by CAPIS on 06/19/2019

Corporate Actions IPOs on deck for This Week:  A busy week for IPOs with 8 on deck. Several may trade well above their pricing. IPOs on deck for Today: Stoke Therapeutics (STOK) should see opening price well above it offered price. Secondaries on deck for Today: BHVN CALA KOS KURA QUIK SESN of note.    Notes Priced:   Common Stock filings: KURA GNCA SESN Mixed Shelf Offerings filed:  Convertible Offerings filed: GPRE YY EAF of note. Senior Notes Files: Courtesy of IPO Financial Earnings After The Close: Beat: ADBE +0.05 of note. Flat:  JBL, LZB. Missed:  None of note. News After The Close: CBS Corp (CBS) may finally go after Viacom (VIAB) by week’s end. The NY Post reports potential bidders have walked away from NCR Corp (NCR). Genesse & Wyoming (GWR) reports May traffic fell by 9.9%. M/A Com Tech (MTSI) cuts 2019 guidance and announces a restructuring. Inmarsat (IMASY) wins $250 million Defense Information Systems Agency. Granite Construction (GVA) and Teichert win $275 million contract with the California Department of Transportation. Stock Repurchase:   Dividend Increase: Dividend Suspended: GPRE What’s Happening This Morning:  U.S. futures: S&P +0.50, Dow Jones +15, NDX +8  and Russell 2000 +0.60 with fair values LOWER…

Corporate Actions IPOs on deck for This Week:  A busy week for IPOs with 8 on deck. Several may trade well above their pricing. IPOs on deck for Today: Stoke Therapeutics (STOK) should see opening price well above it offered price. Secondaries on deck for Today: BHVN CALA KOS KURA QUIK SESN of note.    Notes Priced:   Common Stock filings: KURA GNCA SESN Mixed Shelf Offerings filed:  Convertible Offerings filed: GPRE YY EAF of note. Senior Notes Files: Courtesy of IPO Financial Earnings After The Close: Beat: ADBE +0.05 of note. Flat:  JBL, LZB. Missed:  None of note. News After The Close: CBS Corp (CBS) may finally go after Viacom (VIAB) by week’s end. The NY Post reports potential bidders have walked away from NCR Corp (NCR). Genesse & Wyoming (GWR) reports May traffic fell by 9.9%. M/A Com Tech (MTSI) cuts 2019 guidance and announces a restructuring. Inmarsat (IMASY) wins $250 million Defense Information Systems Agency. Granite Construction (GVA) and Teichert win $275 million contract with the California Department of Transportation. Stock Repurchase:   Dividend Increase: Dividend Suspended: GPRE What’s Happening This Morning:  U.S. futures: S&P +0.50, Dow Jones +15, NDX +8  and Russell 2000 +0.60 with fair values LOWER…

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