Morning Note

381 total posts

CAPIS Morning Note – 7/13/20 12th Monday In A Row Higher?

Morning Note

Morning Note

posted by CAPIS on 07/13/2020 at 6:42 am
by CAPIS on 07/13/2020

Fun Fact: This could be the 12th Monday in a row higher since the market bottomed. Quite the streak! IPOs Filed: None of note. Secondaries Priced: BGNE of note. Notes Priced of note:  None of note. Common Stock filings: AMRS of note. Mixed Shelf Offerings:   STOK  DDD EQNR of note. Convertible Offering Files: None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   SJR +0.05 of note. Misses:  None of note. Hourly Action This Past Week: Updated 7/10 Close News After The Close (In Order) Artisan Partners (APAM) saw assets increase to $120.6 billion from $114.4 billion. Soros Fund Management takes a 5.3% interest in Xeris Pharmaceuticals (XERS). Amazon (AMZN) accidently sent out email to ban employees from using TikTok. Peabody Energy (BTU) saw its credit rating drop to B from a major credit rating firm. Kirby (KEX) will restate Q1 to correct for a good will impairment charge. Atlanta reverts to a Phase I opening. Barron’s + on NOK FB ASML . Raises Guidance:  What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. Futures were down, up, down, new low and now rebounding. S&P 500 +24   Dow…

Fun Fact: This could be the 12th Monday in a row higher since the market bottomed. Quite the streak! IPOs Filed: None of note. Secondaries Priced: BGNE of note. Notes Priced of note:  None of note. Common Stock filings: AMRS of note. Mixed Shelf Offerings:   STOK  DDD EQNR of note. Convertible Offering Files: None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   SJR +0.05 of note. Misses:  None of note. Hourly Action This Past Week: Updated 7/10 Close News After The Close (In Order) Artisan Partners (APAM) saw assets increase to $120.6 billion from $114.4 billion. Soros Fund Management takes a 5.3% interest in Xeris Pharmaceuticals (XERS). Amazon (AMZN) accidently sent out email to ban employees from using TikTok. Peabody Energy (BTU) saw its credit rating drop to B from a major credit rating firm. Kirby (KEX) will restate Q1 to correct for a good will impairment charge. Atlanta reverts to a Phase I opening. Barron’s + on NOK FB ASML . Raises Guidance:  What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. Futures were down, up, down, new low and now rebounding. S&P 500 +24   Dow…

CAPIS Morning Note – 7/10/20 Stocks Recover From Morning Lows on Remdesivir Data

Morning Note

Morning Note

posted by CAPIS on 07/10/2020 at 5:32 am
by CAPIS on 07/10/2020

Breaking News: Gilead Sciences (GILD) out with more data on Remdesivir that is positive but only partial. IPOs Filed: None of note. IPOs Priced: Nkarta (NKTX) priced at $18 with range of $14 to $16. Secondaries Priced:  CNTG of note. Notes Priced of note:  None of note. Common Stock filings: None of note. Mixed Shelf Offerings:  ANIP SLP MRNS KBH  of note. Convertible Offering Files: None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   PSMT +0.19, WDFC +0.11 of note. Misses:  Noneof note. Hourly Action This Past Week: Updated 7/8 Close News After The Close (In Order) NASDAQ sees June U.S. equity options volume was 230 million versus 181 million in May and 132 million a year ago. Walgreens Boots Alliance (WBA) met with Department of Justice in June over alleged violations at various locations. United Airlines (UAL) gets a downgrade from a major credit agency over Covid-19. Federal Reserve balance sheet moves below $7 trillion as bond exposure drops. Ford (F) may have to shut some factories next week if do not receive engines from Mexico. (Reuters) IDC reports that PC market grew 11.2% year over year in Q2. Raises Guidance: IMOS What’s Happening This Morning: Futures value reflects…

Breaking News: Gilead Sciences (GILD) out with more data on Remdesivir that is positive but only partial. IPOs Filed: None of note. IPOs Priced: Nkarta (NKTX) priced at $18 with range of $14 to $16. Secondaries Priced:  CNTG of note. Notes Priced of note:  None of note. Common Stock filings: None of note. Mixed Shelf Offerings:  ANIP SLP MRNS KBH  of note. Convertible Offering Files: None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   PSMT +0.19, WDFC +0.11 of note. Misses:  Noneof note. Hourly Action This Past Week: Updated 7/8 Close News After The Close (In Order) NASDAQ sees June U.S. equity options volume was 230 million versus 181 million in May and 132 million a year ago. Walgreens Boots Alliance (WBA) met with Department of Justice in June over alleged violations at various locations. United Airlines (UAL) gets a downgrade from a major credit agency over Covid-19. Federal Reserve balance sheet moves below $7 trillion as bond exposure drops. Ford (F) may have to shut some factories next week if do not receive engines from Mexico. (Reuters) IDC reports that PC market grew 11.2% year over year in Q2. Raises Guidance: IMOS What’s Happening This Morning: Futures value reflects…

CAPIS Morning Note -7/9/20 Supreme Court Out With Trump Tax Case Ruling Today

Morning Note

Morning Note

posted by CAPIS on 07/09/2020 at 6:24 am
by CAPIS on 07/09/2020

Breaking News: IPOs Filed: None of note. Secondaries Priced: HQY PING TPB RVMD of note. Notes Priced of note:  None of note. Common Stock filings: OTIC TPB GLG NCLH  of note. Mixed Shelf Offerings: GLG IFRX ALPN ARDX of note. Convertible Offering Files:  of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   None  of note. Misses:  BBBY (0.65) of note. Hourly Action This Past Week: Updated 7/7 Close News After The Close (In Order) Costco (COST) saw sales rise 14.4% for 5 weeks ended 7/5. Bed Bath & Beyond (BBBY) to close 200 stores as sales down 50%. Saratoga Investment (SAR) reinstates dividend. Ivy League cancels fall sports season. Stanford cancels 11 out of 36 sports due to impact of Covid-19. Raises Guidance: VERI TPB PTC What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. Futures were down, up, down, new low and now rebounding. S&P 500 +9  Dow Jones Industrial Average +24 NASDAQ +78  Russell 2000 +7.2. Fair values are lower.  Asia  higher and Europe mixed. $VIX is lower at 27.77. Gold lower with silver and copper higher. WTI Crude Oil lower and Brent…

Breaking News: IPOs Filed: None of note. Secondaries Priced: HQY PING TPB RVMD of note. Notes Priced of note:  None of note. Common Stock filings: OTIC TPB GLG NCLH  of note. Mixed Shelf Offerings: GLG IFRX ALPN ARDX of note. Convertible Offering Files:  of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   None  of note. Misses:  BBBY (0.65) of note. Hourly Action This Past Week: Updated 7/7 Close News After The Close (In Order) Costco (COST) saw sales rise 14.4% for 5 weeks ended 7/5. Bed Bath & Beyond (BBBY) to close 200 stores as sales down 50%. Saratoga Investment (SAR) reinstates dividend. Ivy League cancels fall sports season. Stanford cancels 11 out of 36 sports due to impact of Covid-19. Raises Guidance: VERI TPB PTC What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. Futures were down, up, down, new low and now rebounding. S&P 500 +9  Dow Jones Industrial Average +24 NASDAQ +78  Russell 2000 +7.2. Fair values are lower.  Asia  higher and Europe mixed. $VIX is lower at 27.77. Gold lower with silver and copper higher. WTI Crude Oil lower and Brent…

CAPIS Morning Note -7/8/20 Stocks Mixed This Morning After Selling Off Tuesday

Morning Note

Morning Note

posted by CAPIS on 07/08/2020 at 5:23 am
by CAPIS on 07/08/2020

Breaking News: Brooks Brothers files for Chapter 11 in Delaware. IPOs Filed: None of note. Secondaries Priced: AKRO ETNB ASND VIR HQY of note. Notes Priced of note: ARGO PCRX of note. Common Stock filings:  CNTG of note. Mixed Shelf Offerings:  BBIO of note. Convertible Offering Files: INSG of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   SGH +0.03 of note. Misses:  LEVI (0.05) of note. Hourly Action This Past Week: Updated 7/6 Close News After The Close (In Order) Synaptics (SYNA) to buy Broadcom’s (AVGO) wireless IoT connectivity business for $250 million in cash. DocuSign (DOCU) buys Liveoak Technologies for $38 million in all stock deal. Leidos (LDOS) wins $379 million contracts from U.S. Customs and Border Protection. Fluor (FLR) wins Indefinite Delivery/Indefinite Quantity contract from U.S. Department of Energy worth $3 billion in bids over 10 years. Walt Disney (DIS) looks to reopen on Saturday. (Reuters) United Airlines (UAL) see capacity down 75% year over year. Secretary of State Pompeo note U.S. will implement visa restrictions for Chinese officials involved in stopped travel to Tibet. White House issues a statement pushing for opening of schools in the fall. The Reserve Bank of Australia announces its latest monetary policy…

Breaking News: Brooks Brothers files for Chapter 11 in Delaware. IPOs Filed: None of note. Secondaries Priced: AKRO ETNB ASND VIR HQY of note. Notes Priced of note: ARGO PCRX of note. Common Stock filings:  CNTG of note. Mixed Shelf Offerings:  BBIO of note. Convertible Offering Files: INSG of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   SGH +0.03 of note. Misses:  LEVI (0.05) of note. Hourly Action This Past Week: Updated 7/6 Close News After The Close (In Order) Synaptics (SYNA) to buy Broadcom’s (AVGO) wireless IoT connectivity business for $250 million in cash. DocuSign (DOCU) buys Liveoak Technologies for $38 million in all stock deal. Leidos (LDOS) wins $379 million contracts from U.S. Customs and Border Protection. Fluor (FLR) wins Indefinite Delivery/Indefinite Quantity contract from U.S. Department of Energy worth $3 billion in bids over 10 years. Walt Disney (DIS) looks to reopen on Saturday. (Reuters) United Airlines (UAL) see capacity down 75% year over year. Secretary of State Pompeo note U.S. will implement visa restrictions for Chinese officials involved in stopped travel to Tibet. White House issues a statement pushing for opening of schools in the fall. The Reserve Bank of Australia announces its latest monetary policy…

CAPIS Morning Note -7/7/20 Stocks Lower As The Uptrend Takes A Breather

Morning Note

Morning Note

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

IPOs Filed: None of note. Secondaries Priced:  ARE of note. Notes Priced of note: None of note. Common Stock filings: RVMD ARE  PING XIN TUFN  of note. Mixed Shelf Offerings:  AGLE TUFN of note. Convertible Offering Files:  PCRX of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   None of note. Misses:  None of note. Hourly Action This Past Week: Updated 7/6 Close News After The Close (In Order) Great Lakes Dredge & Dock (GLDD) wins several contract bids for $51.1 million. Pacira Pharmaceuticals (PCRX) reports preliminary Q2 revenue well above consensus. Parsons (PSN) wins $178 million contract from the U.S. Intelligence Community. Arcos Dorados (ARCO) to provide stock dividend instead of cash dividend payments. Retail Properties of America (RPAI) sees June Rent Collection at 64.7%. Raytheon Technologie (RTX) wins $6 billion contract from the Defense Logistics Agency. Raises Guidance: QDEL PING AVTR  What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. Futures were down, up, down, new low and now rebounding. S&P 500 -19  Dow Jones Industrial Average -215 NASDAQ -20  Russell 2000 -7.48. Fair values are lower.  Asia mixed  and Europe lower. $VIX…

IPOs Filed: None of note. Secondaries Priced:  ARE of note. Notes Priced of note: None of note. Common Stock filings: RVMD ARE  PING XIN TUFN  of note. Mixed Shelf Offerings:  AGLE TUFN of note. Convertible Offering Files:  PCRX of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   None of note. Misses:  None of note. Hourly Action This Past Week: Updated 7/6 Close News After The Close (In Order) Great Lakes Dredge & Dock (GLDD) wins several contract bids for $51.1 million. Pacira Pharmaceuticals (PCRX) reports preliminary Q2 revenue well above consensus. Parsons (PSN) wins $178 million contract from the U.S. Intelligence Community. Arcos Dorados (ARCO) to provide stock dividend instead of cash dividend payments. Retail Properties of America (RPAI) sees June Rent Collection at 64.7%. Raytheon Technologie (RTX) wins $6 billion contract from the Defense Logistics Agency. Raises Guidance: QDEL PING AVTR  What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. Futures were down, up, down, new low and now rebounding. S&P 500 -19  Dow Jones Industrial Average -215 NASDAQ -20  Russell 2000 -7.48. Fair values are lower.  Asia mixed  and Europe lower. $VIX…

CAPIS Morning Note – 7/6/20 Futures Strong On China Recovery

Morning Note

Morning Note

posted by CAPIS on 07/06/2020 at 5:22 am
by CAPIS on 07/06/2020

IPOs Filed: None of note. Secondaries Priced:  None of note. Notes Priced of note: None of note. Common Stock filings:  BCEL HTGC CVM DVAX CSOD AKRO ETNB VIR  of note. Mixed Shelf Offerings: BCEL PSNL LEVL HROW SEAS KRTX CBAY  of note. Convertible Offering Files:  None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   None of note. Misses:  None of note. Hourly Action This Past Week: Updated 7/2 Close News After The Close (In Order) Nautilus (NLS) looks to sell it Octane Fitness unit. Rexford Industrial Realty (REXR) buys five industrial properties for $73.2 million. Texas Governor issues mandate to require mandatory face coverings insider commercial businesses and other public spaces. Sanofi (SNY) and Regeneron (REGN) provided an updated on Kevzara Phase 3 U.S. trial, did not meet primary and key secondary endpoints for Covid-19. DXC Technology (DXC) lowered by credit agency on uncertain long term business prospects. II-VI (IIVI) sees credit agency upgrade equity offering, debt repayment  and takes outlook to stable. What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. Futures were down, up, down, new low and now rebounding. S&P 500 +48…

IPOs Filed: None of note. Secondaries Priced:  None of note. Notes Priced of note: None of note. Common Stock filings:  BCEL HTGC CVM DVAX CSOD AKRO ETNB VIR  of note. Mixed Shelf Offerings: BCEL PSNL LEVL HROW SEAS KRTX CBAY  of note. Convertible Offering Files:  None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   None of note. Misses:  None of note. Hourly Action This Past Week: Updated 7/2 Close News After The Close (In Order) Nautilus (NLS) looks to sell it Octane Fitness unit. Rexford Industrial Realty (REXR) buys five industrial properties for $73.2 million. Texas Governor issues mandate to require mandatory face coverings insider commercial businesses and other public spaces. Sanofi (SNY) and Regeneron (REGN) provided an updated on Kevzara Phase 3 U.S. trial, did not meet primary and key secondary endpoints for Covid-19. DXC Technology (DXC) lowered by credit agency on uncertain long term business prospects. II-VI (IIVI) sees credit agency upgrade equity offering, debt repayment  and takes outlook to stable. What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. Futures were down, up, down, new low and now rebounding. S&P 500 +48…

CAPIS Morning Note – 7/2/20 4.8 Million Jobs Added In June, Futures Take Second Leg Higher

Morning Note

Morning Note

posted by CAPIS on 07/01/2020 at 9:28 pm
by CAPIS on 07/01/2020

Breaking News:  IPOs on deck:  Lemonade (LMND) prices at $29 a share way above range of $23 to $26. Accord Networks (ACCD) prices at $22 a share above $19 to $21 range. IPOs Filed: None of note. Secondaries Priced: BLFS XP of note. Notes Priced of note: None of note. Common Stock filings: BLFS NLTX IIVI  of note. Mixed Shelf Offerings: GS  MORF AKRO PRVL of note. Convertible Offering Files: IIVI of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   FIZZ +0.17 of note. Misses:  None of note. Hourly Action This Past Week: Updated 6/30 Close News After The Close (In Order) McDonald’s (MCD) stops dine in services for next three weeks. House passed PPP extension to 8/8. President Trump in Fox interview last night notes he would wear a mask when makes sense. Wants “larger” direct payments to Americans. California ramps up shut downs in 19 counties including Orange. Raises Guidance: FORM NUS Dividend Raise: OZK  Share Repurchase Announcement: BPY What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. Futures were down, up, down, new low and now rebounding. S&P 500 +37  Dow Jones Industrial Average +379 NASDAQ +104 …

Breaking News:  IPOs on deck:  Lemonade (LMND) prices at $29 a share way above range of $23 to $26. Accord Networks (ACCD) prices at $22 a share above $19 to $21 range. IPOs Filed: None of note. Secondaries Priced: BLFS XP of note. Notes Priced of note: None of note. Common Stock filings: BLFS NLTX IIVI  of note. Mixed Shelf Offerings: GS  MORF AKRO PRVL of note. Convertible Offering Files: IIVI of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   FIZZ +0.17 of note. Misses:  None of note. Hourly Action This Past Week: Updated 6/30 Close News After The Close (In Order) McDonald’s (MCD) stops dine in services for next three weeks. House passed PPP extension to 8/8. President Trump in Fox interview last night notes he would wear a mask when makes sense. Wants “larger” direct payments to Americans. California ramps up shut downs in 19 counties including Orange. Raises Guidance: FORM NUS Dividend Raise: OZK  Share Repurchase Announcement: BPY What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. Futures were down, up, down, new low and now rebounding. S&P 500 +37  Dow Jones Industrial Average +379 NASDAQ +104 …

CAPIS Morning Note -7/1/20 Futures Turn Positive From Pfizer Vaccine News

Morning Note

Morning Note

posted by CAPIS on 07/01/2020 at 6:21 am
by CAPIS on 07/01/2020

Breaking News: Pfizer (PFE) puts out positive Coronavirus vaccine data on a small cohort of 24. IPOs on deck:  None of note. IPOs Filed: None of note. Secondaries Priced: XLRN DNB CRSP TA AHCO of note. Notes Priced of note: None of note. Common Stock filings: DENN CHMA CPK  of note. Mixed Shelf Offerings: HHR of note. Convertible Offering Files:  None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   FDX +0.91 of note. Misses:  HTHT (0.42), SCS (0.04) of note. Hourly Action This Past Week: Updated 6/29 Close News After The Close (In Order) FedEx (FDX) beats estimates but does not give 2021 guidance. Motorola Solutions (MSI) names Jason Winkler as CFO. Whirlpool (WHR) to reduce workforce. Facebook (FB) issues a ban on accountstied to “boogaloo movement”. Microsoft (MSFT) rumored to offer a less expensive XBox Series S in August. Senate passes, led by Democrats, extension of PPP through August 8th. Raises Guidance: SRE Dividend Raise: SCS Share Repurchase Announcement:  What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. Futures were down, up, down, new low and now rebounding. S&P 500 +1  Dow Jones Industrial…

Breaking News: Pfizer (PFE) puts out positive Coronavirus vaccine data on a small cohort of 24. IPOs on deck:  None of note. IPOs Filed: None of note. Secondaries Priced: XLRN DNB CRSP TA AHCO of note. Notes Priced of note: None of note. Common Stock filings: DENN CHMA CPK  of note. Mixed Shelf Offerings: HHR of note. Convertible Offering Files:  None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   FDX +0.91 of note. Misses:  HTHT (0.42), SCS (0.04) of note. Hourly Action This Past Week: Updated 6/29 Close News After The Close (In Order) FedEx (FDX) beats estimates but does not give 2021 guidance. Motorola Solutions (MSI) names Jason Winkler as CFO. Whirlpool (WHR) to reduce workforce. Facebook (FB) issues a ban on accountstied to “boogaloo movement”. Microsoft (MSFT) rumored to offer a less expensive XBox Series S in August. Senate passes, led by Democrats, extension of PPP through August 8th. Raises Guidance: SRE Dividend Raise: SCS Share Repurchase Announcement:  What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. Futures were down, up, down, new low and now rebounding. S&P 500 +1  Dow Jones Industrial…

CAPIS Morning Note – 6/30/20 Will The Second Half Of 2020 Be As Volatile?

Morning Note

Morning Note

posted by CAPIS on 06/29/2020 at 8:20 pm
by CAPIS on 06/29/2020

IPOs on deck:  None of note. IPOs Filed: None of note. Secondaries Priced: LQDA of note. Notes Priced of note: None of note. Common Stock filings:  XLRN  CRSP IIPR LQDA XP of note. Mixed Shelf Offerings:  TBBK of note. Convertible Offering Files:  None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   MLHR +0.31,. JEF +0.19, MU +0.14 of note. Misses:  None of note. Hourly Action This Past Week: Updated 6/29 Close News After The Close (In Order) Liquidia Technologies (LQDA) to buy RareGen in all stock deal. lululemon athletica (LULU) to buy MIRROR for $500 million. Federal Reserve Chairman Jerome Powell prepared remarks for Tuesday’s testimony on the CARES Act were released. Most financials released their comments on the Stress Capital Buffer and CCAR results. HD Supply Holdings (HDS) concludes SEC investigation with no impact. U.S. revokes special status for Hong Kong as Secretary of Commerce Wilbur Ross issues a statement. Norwegian Air cancels order for 97 Boeing (BA) planes including 92 737 Max planes and seeks return of pre-delivery payments. Huntington Ingalls (HII) wins $940 million Navy contract. Lockheed Martin (LMT) wins $360 million Navy contract. SEC closes investigation into USANA (USNA) and their BabyCare operations…

IPOs on deck:  None of note. IPOs Filed: None of note. Secondaries Priced: LQDA of note. Notes Priced of note: None of note. Common Stock filings:  XLRN  CRSP IIPR LQDA XP of note. Mixed Shelf Offerings:  TBBK of note. Convertible Offering Files:  None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   MLHR +0.31,. JEF +0.19, MU +0.14 of note. Misses:  None of note. Hourly Action This Past Week: Updated 6/29 Close News After The Close (In Order) Liquidia Technologies (LQDA) to buy RareGen in all stock deal. lululemon athletica (LULU) to buy MIRROR for $500 million. Federal Reserve Chairman Jerome Powell prepared remarks for Tuesday’s testimony on the CARES Act were released. Most financials released their comments on the Stress Capital Buffer and CCAR results. HD Supply Holdings (HDS) concludes SEC investigation with no impact. U.S. revokes special status for Hong Kong as Secretary of Commerce Wilbur Ross issues a statement. Norwegian Air cancels order for 97 Boeing (BA) planes including 92 737 Max planes and seeks return of pre-delivery payments. Huntington Ingalls (HII) wins $940 million Navy contract. Lockheed Martin (LMT) wins $360 million Navy contract. SEC closes investigation into USANA (USNA) and their BabyCare operations…

CAPIS Morning Note – 6/29/20 Stocks Rallying From Friday’s Selloff. Will It Hold?

Morning Note

Morning Note

posted by CAPIS on 06/29/2020 at 6:41 am
by CAPIS on 06/29/2020

IPOs on deck:  IPOs Filed: None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: RAMP GNUS OPCH AHCO TA  of note. Mixed Shelf Offerings:  D SRE BSTC CIT VERU TRVI OSTK OPCH  of note. Convertible Offering Files:  None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:    None of note. Misses:   None of note. Hourly Action This Past Week: Updated 6/24 Close News After The Close (In Order) Graf Industrial (GRAF) in talks to merge with Velodyne Lidar. Churchill Downs (CHDN) reopens Presque Isle Downs & Casino in Erie, PA. Live racing to start on 7/27. Raytheon Technologies (RTX) wins a $2.3 billion U.S. Missile Defense Agency contract. Russell Indexes will be reconstituted this morning. Walt Disney (DIS) delayed to 8/21 release. Chesapeake Energy (CHK) declares bankruptcy on Sunday. Several companies pause on social media outlets especially Facebook (FB) and they include Starbucks (SBUX), Pepsi (PEP) and Coca Cola (KO). California Governor Newsom to close bars in several cities. Raises Guidance:  Dividend Raise: CMCL Share Repurchase Announcement: IMAX  What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair…

IPOs on deck:  IPOs Filed: None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: RAMP GNUS OPCH AHCO TA  of note. Mixed Shelf Offerings:  D SRE BSTC CIT VERU TRVI OSTK OPCH  of note. Convertible Offering Files:  None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:    None of note. Misses:   None of note. Hourly Action This Past Week: Updated 6/24 Close News After The Close (In Order) Graf Industrial (GRAF) in talks to merge with Velodyne Lidar. Churchill Downs (CHDN) reopens Presque Isle Downs & Casino in Erie, PA. Live racing to start on 7/27. Raytheon Technologies (RTX) wins a $2.3 billion U.S. Missile Defense Agency contract. Russell Indexes will be reconstituted this morning. Walt Disney (DIS) delayed to 8/21 release. Chesapeake Energy (CHK) declares bankruptcy on Sunday. Several companies pause on social media outlets especially Facebook (FB) and they include Starbucks (SBUX), Pepsi (PEP) and Coca Cola (KO). California Governor Newsom to close bars in several cities. Raises Guidance:  Dividend Raise: CMCL Share Repurchase Announcement: IMAX  What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair…

CAPIS Morning Note 6/26/20 Trader’s To End A Volatile Week

Morning Note

Morning Note

posted by CAPIS on 06/26/2020 at 5:33 am
by CAPIS on 06/26/2020

IPOs on deck: Akouos (AKUS) priced at $17 a share above range of $14 to $16.  Fusion Pharmaceuticals (FUSN) prices at $17 as well above range of $14 to $16. Advanced Photonix (API) priced at $20 above range of $16 to $18. PolyPid (PYPD) priced at $16 above range of $15 to $17. Albertson’s (ACL ) priced at $16 from $18 to $20 range. IPOs Filed: None of note. Secondaries Priced:  XERS TBIO PCG of note. Notes Priced of note: XERS of note. Common Stock filings:  SOLY FRG  of note. Mixed Shelf Offerings: DHT of note. Convertible Offering Files:  None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   SNX +1.34, CAMP +0.08 of note. Misses:  NKE (0.55), PRGS (0.01) of note. Hourly Action This Past Week: Updated 6/24 Close News After The Close (In Order) Federal Reserve  out with latest Stress Test and recommends banks to suspend dividends and limit share buybacks. (CNBC) Verizon (VZ) is the latest to boycott Facebook (FB) until they fix hate speech, harassment and misinformation. Facebook (FB) will put measures in place to fix issues of hate speech, harassment and misinformation. (WSJ) Group 1 Auto (GPI) notes that profits are coming back…

IPOs on deck: Akouos (AKUS) priced at $17 a share above range of $14 to $16.  Fusion Pharmaceuticals (FUSN) prices at $17 as well above range of $14 to $16. Advanced Photonix (API) priced at $20 above range of $16 to $18. PolyPid (PYPD) priced at $16 above range of $15 to $17. Albertson’s (ACL ) priced at $16 from $18 to $20 range. IPOs Filed: None of note. Secondaries Priced:  XERS TBIO PCG of note. Notes Priced of note: XERS of note. Common Stock filings:  SOLY FRG  of note. Mixed Shelf Offerings: DHT of note. Convertible Offering Files:  None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   SNX +1.34, CAMP +0.08 of note. Misses:  NKE (0.55), PRGS (0.01) of note. Hourly Action This Past Week: Updated 6/24 Close News After The Close (In Order) Federal Reserve  out with latest Stress Test and recommends banks to suspend dividends and limit share buybacks. (CNBC) Verizon (VZ) is the latest to boycott Facebook (FB) until they fix hate speech, harassment and misinformation. Facebook (FB) will put measures in place to fix issues of hate speech, harassment and misinformation. (WSJ) Group 1 Auto (GPI) notes that profits are coming back…

CAPIS Morning Note – 6/25/20 Selling Continues In U.S. After Wednesday Rout

Morning Note

Morning Note

posted by CAPIS on 06/25/2020 at 6:25 am
by CAPIS on 06/25/2020

IPOs on deck: Lemonade (LMND) to be priced between $23 and $26. IPOs Filed: None of note. Secondaries Priced:  YNDX EVLO MGTA BRP CSTL ONEM KLR NK HCM  of note. Notes Priced of note: None of note. Common Stock filings: XERS EVLO NK MGTA BNFT  of note. Mixed Shelf Offerings: None  of note. Convertible Offering Files:  None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   FUL +0.13, BB +0.04 of note. Misses:   KBH (0.03) of note. Hourly Action This Past Week: Updated 6/23 Close News After The Close (In Order) Caesars Entertainment (CZR) implements a universal mask policy. Ally Financial (ALLY) and CardWorks cancel merger. Mastercard (MA) in weekly update continues to see improvement in spending since 5/28. USDA and FDA announce their is no evidence people can get Covid-19 from food or food packaging. AT&T (T) retires debt early. Index Changes: S&P 400 sees TopBuild (BLD) join while Retail Properties of America (RPAI) and Brandywine Realty (BDN) to join S&P 600 prior to open 6/30. Detroit News reports that General Motors (GM) will lay off third shift at its Spring Hill, TN SUV plant. Dividend Raise: AGX (special $1.00) Share Repurchase Announcement: AGX What’s Happening This Morning:…

IPOs on deck: Lemonade (LMND) to be priced between $23 and $26. IPOs Filed: None of note. Secondaries Priced:  YNDX EVLO MGTA BRP CSTL ONEM KLR NK HCM  of note. Notes Priced of note: None of note. Common Stock filings: XERS EVLO NK MGTA BNFT  of note. Mixed Shelf Offerings: None  of note. Convertible Offering Files:  None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   FUL +0.13, BB +0.04 of note. Misses:   KBH (0.03) of note. Hourly Action This Past Week: Updated 6/23 Close News After The Close (In Order) Caesars Entertainment (CZR) implements a universal mask policy. Ally Financial (ALLY) and CardWorks cancel merger. Mastercard (MA) in weekly update continues to see improvement in spending since 5/28. USDA and FDA announce their is no evidence people can get Covid-19 from food or food packaging. AT&T (T) retires debt early. Index Changes: S&P 400 sees TopBuild (BLD) join while Retail Properties of America (RPAI) and Brandywine Realty (BDN) to join S&P 600 prior to open 6/30. Detroit News reports that General Motors (GM) will lay off third shift at its Spring Hill, TN SUV plant. Dividend Raise: AGX (special $1.00) Share Repurchase Announcement: AGX What’s Happening This Morning:…

CAPIS Morning Note -6/24/20 Covid-19 Cases Up 30% In Last Week

Morning Note

Morning Note

posted by CAPIS on 06/24/2020 at 5:20 am
by CAPIS on 06/24/2020

IPOs on deck: None of note. IPOs Filed: None of note. Secondaries Priced: PLMR EDIT TMUS  of note. Notes Priced of note: None of note. Common Stock filings: TELA PLMR EDIT of note. Mixed Shelf Offerings: PLMR FFWM INTU   of note. Convertible Offering Files:  None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   LZB +0.29, AVAV +0.06 of note. Misses:  None of note. Hourly Action This Past Week: Updated 6/19 Close News After The Close (In Order) Mattel (MAT) names Anthony DiSilvestro as next CFO. Dell (DELL) is exploring options in its stake in VMware (VMW). The NASDAQ advanced for its eighth straight session. Department of Justice and several State Attorney Generals to meet on Friday to discuss Alphabet (GOOGL) and ongoing Antitrust probe. Carnival Cruise Lines (CCL) downgraded by ratings agency. Raises Guidance: YNDX Lowers Guidance: REGI Dividend Cut or Suspended: WMC  What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. Futures were down, up, down, new low and now rebounding. S&P 500 -21Dow Jones Industrial Average -226  NASDAQ -24 Russell 2000 -8.94. Fair values are lower.  Asia mixed and Europe markedly lower. Gold higher with…

IPOs on deck: None of note. IPOs Filed: None of note. Secondaries Priced: PLMR EDIT TMUS  of note. Notes Priced of note: None of note. Common Stock filings: TELA PLMR EDIT of note. Mixed Shelf Offerings: PLMR FFWM INTU   of note. Convertible Offering Files:  None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   LZB +0.29, AVAV +0.06 of note. Misses:  None of note. Hourly Action This Past Week: Updated 6/19 Close News After The Close (In Order) Mattel (MAT) names Anthony DiSilvestro as next CFO. Dell (DELL) is exploring options in its stake in VMware (VMW). The NASDAQ advanced for its eighth straight session. Department of Justice and several State Attorney Generals to meet on Friday to discuss Alphabet (GOOGL) and ongoing Antitrust probe. Carnival Cruise Lines (CCL) downgraded by ratings agency. Raises Guidance: YNDX Lowers Guidance: REGI Dividend Cut or Suspended: WMC  What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. Futures were down, up, down, new low and now rebounding. S&P 500 -21Dow Jones Industrial Average -226  NASDAQ -24 Russell 2000 -8.94. Fair values are lower.  Asia mixed and Europe markedly lower. Gold higher with…

CAPIS Morning Note – 6/23/20. Nothing is Over Until Trump Says It’s Over And Stocks Rebound.

Morning Note

Morning Note

posted by CAPIS on 06/23/2020 at 6:29 am
by CAPIS on 06/23/2020

IPOs on deck:  IPOs Filed: Secondaries Priced: None of note. Notes Priced of note:  PD ZS  of note. Common Stock filings:  BRP TMUS CSTL PCG LIQT CAKE FULC  of note. Mixed Shelf Offerings:  OKE PGEN CUE of note. Convertible Offering Files:  None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   None of note. Misses:  None of note. Hourly Action This Past Week: Updated 6/19 Close News After The Close (In Order) W W Grainger (GWW) to sell Grainger China LLC to Chinese management team. Palo Alto Networks (PANW) CFO Kathy Bonanno to leave. President Trump ends international works visas into year end. General Dynamics (GD) wins $870 million Navy contract. S&P 400 Changes:  Grocery Outlet(GO) to join and Brinker (EAT) moves to S&P 600. Boeing (BA) tells Spirit Aerosystems (SPR) to reduce 2020 737 production from 125 to 72. During a Fox interview last night, White Economic Advisor Peter Navarro stated that the U.S. China Trade deal was over, “It’s over.” Futures fell over 400 Dow points. Then an hour later, President Trump and Navarro walked back those comments and futures recovered as he stated the deal was not over. Dividend Raised: NRZ What’s Happening This Morning:…

IPOs on deck:  IPOs Filed: Secondaries Priced: None of note. Notes Priced of note:  PD ZS  of note. Common Stock filings:  BRP TMUS CSTL PCG LIQT CAKE FULC  of note. Mixed Shelf Offerings:  OKE PGEN CUE of note. Convertible Offering Files:  None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   None of note. Misses:  None of note. Hourly Action This Past Week: Updated 6/19 Close News After The Close (In Order) W W Grainger (GWW) to sell Grainger China LLC to Chinese management team. Palo Alto Networks (PANW) CFO Kathy Bonanno to leave. President Trump ends international works visas into year end. General Dynamics (GD) wins $870 million Navy contract. S&P 400 Changes:  Grocery Outlet(GO) to join and Brinker (EAT) moves to S&P 600. Boeing (BA) tells Spirit Aerosystems (SPR) to reduce 2020 737 production from 125 to 72. During a Fox interview last night, White Economic Advisor Peter Navarro stated that the U.S. China Trade deal was over, “It’s over.” Futures fell over 400 Dow points. Then an hour later, President Trump and Navarro walked back those comments and futures recovered as he stated the deal was not over. Dividend Raised: NRZ What’s Happening This Morning:…

CAPIS Morning Note -6/22/20 Stocks Recover From Overnight Losses, To Be Down Slightly

Morning Note

Morning Note

posted by CAPIS on 06/22/2020 at 6:06 am
by CAPIS on 06/22/2020

IPOs on deck:  IPOs Filed: Secondaries Priced: None of note. Notes Priced of note: HLTF of note. Common Stock filings: PTCT OCG WRTC PAYS AA  of note. Mixed Shelf Offerings: CUBI MIST CCC of note. Convertible Offering Files:  None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   None of note. Misses:  None of note. Hourly Action This Past Week: Updated 6/17 Close News After The Close (In Order) On  Friday night, Attorney General William Barr fires the Southern District of New York U.S. Attorney Geoffrey Berman. Saturday saw President Trump do the official firing of Berman. Carlisle Companies (CSL) ends its agreement to  acquire Draka Fileca SAS. Churchill Downs (CHDN) launches Illinois’ first online sportsbook. President Trump held a rally in Tulsa on Saturday and the event was sparse in attendance after demand was reported to be heavy for the event. Baron’s is + on BC AME EMR ROLL WAS GILD BIIB UONE BYFC CARV INTC WDC CACI LDOS STX DOX CIEN ACN MKSI FFIV. Cautious on DKNG DDOG ZM ZS COUP OKTA NET CRWD TEAM VEEV. Raises Guidance: Dividend Raised: HCKT Dividend Cut or Suspended: HST Share Buyback:  Insider Buys > $100,000 –  What’s Happening This Morning: Futures…

IPOs on deck:  IPOs Filed: Secondaries Priced: None of note. Notes Priced of note: HLTF of note. Common Stock filings: PTCT OCG WRTC PAYS AA  of note. Mixed Shelf Offerings: CUBI MIST CCC of note. Convertible Offering Files:  None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   None of note. Misses:  None of note. Hourly Action This Past Week: Updated 6/17 Close News After The Close (In Order) On  Friday night, Attorney General William Barr fires the Southern District of New York U.S. Attorney Geoffrey Berman. Saturday saw President Trump do the official firing of Berman. Carlisle Companies (CSL) ends its agreement to  acquire Draka Fileca SAS. Churchill Downs (CHDN) launches Illinois’ first online sportsbook. President Trump held a rally in Tulsa on Saturday and the event was sparse in attendance after demand was reported to be heavy for the event. Baron’s is + on BC AME EMR ROLL WAS GILD BIIB UONE BYFC CARV INTC WDC CACI LDOS STX DOX CIEN ACN MKSI FFIV. Cautious on DKNG DDOG ZM ZS COUP OKTA NET CRWD TEAM VEEV. Raises Guidance: Dividend Raised: HCKT Dividend Cut or Suspended: HST Share Buyback:  Insider Buys > $100,000 –  What’s Happening This Morning: Futures…

CAPIS Morning Note – 6/19/20 Stocks Finish Out Week On Positive Note, Chair Powell To Speak At 1:00 p.m. EDT

Morning Note

Morning Note

posted by CAPIS on 06/19/2020 at 6:51 am
by CAPIS on 06/19/2020

IPOs on deck:  IPOs Filed: Forma Therapeutics (FMTX) at $20 a share. Repare Therapeutics (RPTX) prices at $20 a share. Secondaries Priced: FMBI DKNG KTOS BYSI  KRMD IDN of note. Notes Priced of note: CRY  of note. Common Stock filings: KRMD BYSI IDN EB  of note. Mixed Shelf Offerings: BFAM  of note. Convertible Offering Files:  None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   SWBI +0.23 of note. Misses:   HOME (0.19) of note. Gap Up:  Gap Down: Hourly Action This Past Week: Updated 6/17 Close News After The Close (In Order) Office Depot (ODP) names Anthony Scaglione as CFO and Executive VP. TrueCar (TRUE) notes that vehicle demand is rising. Textron (TXT) to cut workforce by 6%. AMC Entertainment (AMC) to relaunch theaters on 7/15. Raises Guidance: FFNW Dividend Raised: TWO Dividend Cut or Suspended: SGA  Share Buyback:  Insider Buys > $100,000 – LQDT FOSL What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. Futures were down, up, down, new low and now rebounding. S&P 500 +30 Dow Jones Industrial Average +289 NASDAQ +81 Russell 2000 +29.32. Fair values are lower.  Asia mixed and Europe lower. Gold,silver and copper…

IPOs on deck:  IPOs Filed: Forma Therapeutics (FMTX) at $20 a share. Repare Therapeutics (RPTX) prices at $20 a share. Secondaries Priced: FMBI DKNG KTOS BYSI  KRMD IDN of note. Notes Priced of note: CRY  of note. Common Stock filings: KRMD BYSI IDN EB  of note. Mixed Shelf Offerings: BFAM  of note. Convertible Offering Files:  None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   SWBI +0.23 of note. Misses:   HOME (0.19) of note. Gap Up:  Gap Down: Hourly Action This Past Week: Updated 6/17 Close News After The Close (In Order) Office Depot (ODP) names Anthony Scaglione as CFO and Executive VP. TrueCar (TRUE) notes that vehicle demand is rising. Textron (TXT) to cut workforce by 6%. AMC Entertainment (AMC) to relaunch theaters on 7/15. Raises Guidance: FFNW Dividend Raised: TWO Dividend Cut or Suspended: SGA  Share Buyback:  Insider Buys > $100,000 – LQDT FOSL What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. Futures were down, up, down, new low and now rebounding. S&P 500 +30 Dow Jones Industrial Average +289 NASDAQ +81 Russell 2000 +29.32. Fair values are lower.  Asia mixed and Europe lower. Gold,silver and copper…

CAPIS Morning Note -6/18/20 Futures All Over The Place Since Wednesday’s Close, Now Lower

Morning Note

Morning Note

posted by CAPIS on 06/17/2020 at 6:59 pm
by CAPIS on 06/17/2020

IPOs on deck:  IPOs Filed:  None of note. Secondaries Priced: IDYA PRVB X WPC FOXF ISEE EPRT of note. Notes Priced of note:  DCP SAR ATI  of note. Common Stock filings: KTOS CBIO KIDS LPTX QUIK WPC X FOXF  of note. Mixed Shelf Offerings:  AMH  of note. Convertible Offering Files:  None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   ABM +0.31 of note. Misses:  None of note. Gap Up: BBX +40%, ELOX +34%, ORN +28%, IBTX +8%, DADA +8%, HCM +6%, ABM +6%, LPI +4%, NDLS +4% Gap Down: IDYA -11%, X -10%, CBIO -10%, DBI -7%, SSL -7%, ISEE -6%, CCL -5%, KTOS -5%, IVR -4%, KIDS -4% Hourly Action This Past Week: Updated 6/17 Close News After The Close (In Order) Federal Reserve Cleveland President Loretta Mester notes that labor market deterioration is worse than numbers indicate. Datadog (DDOG) announces integration with Amazon Elastic File System for AWS Lambda. ABM Industries (ABM) CFO D. Anthony Scaglione resigns. Noodles (NDLS) notes that sales are picking up since peak of pandemic. Walmart (WMT) takes a 10.7% stake in Dada Nexus (DADA) . Orion Group (ORN) announces $17 million of contract wins. Huntingdon Ingalls (HII) wins $145 million contracts modification from U.S. Navy. S&P 600 Index Changes Independence Bank Group (IBTX) joins as of 6/22. Raises Guidance: FFNW Dividend Cut: TRTX IVR  Share Buyback:  Insider Buys > $100,000 – CHUY EPD…

IPOs on deck:  IPOs Filed:  None of note. Secondaries Priced: IDYA PRVB X WPC FOXF ISEE EPRT of note. Notes Priced of note:  DCP SAR ATI  of note. Common Stock filings: KTOS CBIO KIDS LPTX QUIK WPC X FOXF  of note. Mixed Shelf Offerings:  AMH  of note. Convertible Offering Files:  None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   ABM +0.31 of note. Misses:  None of note. Gap Up: BBX +40%, ELOX +34%, ORN +28%, IBTX +8%, DADA +8%, HCM +6%, ABM +6%, LPI +4%, NDLS +4% Gap Down: IDYA -11%, X -10%, CBIO -10%, DBI -7%, SSL -7%, ISEE -6%, CCL -5%, KTOS -5%, IVR -4%, KIDS -4% Hourly Action This Past Week: Updated 6/17 Close News After The Close (In Order) Federal Reserve Cleveland President Loretta Mester notes that labor market deterioration is worse than numbers indicate. Datadog (DDOG) announces integration with Amazon Elastic File System for AWS Lambda. ABM Industries (ABM) CFO D. Anthony Scaglione resigns. Noodles (NDLS) notes that sales are picking up since peak of pandemic. Walmart (WMT) takes a 10.7% stake in Dada Nexus (DADA) . Orion Group (ORN) announces $17 million of contract wins. Huntingdon Ingalls (HII) wins $145 million contracts modification from U.S. Navy. S&P 600 Index Changes Independence Bank Group (IBTX) joins as of 6/22. Raises Guidance: FFNW Dividend Cut: TRTX IVR  Share Buyback:  Insider Buys > $100,000 – CHUY EPD…

CAPIS Morning Note – 6/17/20 Day Two Of Powell, Lighthizer To The Hill

Morning Note

Morning Note

posted by CAPIS on 06/17/2020 at 6:13 am
by CAPIS on 06/17/2020

Lead Story: IPOs on deck:  IPOs Filed:  None of note. Secondaries Priced:  VICI ERI SWAV AAXN CNST BKI  of note. Notes Priced of note: MRK of note. Common Stock filings:  PRVB IDYA BKI IR DKNG  of note. Mixed Shelf Offerings:   KGC PVG  of note. Convertible Offering Files: ATI of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   HRB +0.40, ORCL +0.04 of note. Misses:  None of note. Gap Up: WATT +104%, FLGT +21%, AMRN +5%, PTCT +5% Gap Down: AVEO -10%, NCLH -10%, PRVB -8%, DKNG -5%, RCL -4%, GAN -4%, CCL -4% Hourly Action This Past Week: Updated 6/15 Close News After The Close (In Order) Oracle (ORCL) notes on earnings call that some clients are delaying orders, not a surprise, but guides August quarter higher. Groupon (GRPN) sees business recovering more quickly than expected. Kratos Defense (KTOS) wins $46 million award from U.S. Army. Norwegian Cruise Line (NCLH) extends suspension of voyages through 9/30. Southwest Airlines (LUV) to keep middle seat open through 9/30 and has enough cash for next two years. (Reuters) Travel stocks were lower in after hours on LUV and NCLH news from above. Raises Guidance: ORCL Dividend Cut: ARI Share Buyback: CHGG ( also can buyback convertible bonds) WRLD What’s Happening This Morning: Futures value reflects the change with fair…

Lead Story: IPOs on deck:  IPOs Filed:  None of note. Secondaries Priced:  VICI ERI SWAV AAXN CNST BKI  of note. Notes Priced of note: MRK of note. Common Stock filings:  PRVB IDYA BKI IR DKNG  of note. Mixed Shelf Offerings:   KGC PVG  of note. Convertible Offering Files: ATI of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   HRB +0.40, ORCL +0.04 of note. Misses:  None of note. Gap Up: WATT +104%, FLGT +21%, AMRN +5%, PTCT +5% Gap Down: AVEO -10%, NCLH -10%, PRVB -8%, DKNG -5%, RCL -4%, GAN -4%, CCL -4% Hourly Action This Past Week: Updated 6/15 Close News After The Close (In Order) Oracle (ORCL) notes on earnings call that some clients are delaying orders, not a surprise, but guides August quarter higher. Groupon (GRPN) sees business recovering more quickly than expected. Kratos Defense (KTOS) wins $46 million award from U.S. Army. Norwegian Cruise Line (NCLH) extends suspension of voyages through 9/30. Southwest Airlines (LUV) to keep middle seat open through 9/30 and has enough cash for next two years. (Reuters) Travel stocks were lower in after hours on LUV and NCLH news from above. Raises Guidance: ORCL Dividend Cut: ARI Share Buyback: CHGG ( also can buyback convertible bonds) WRLD What’s Happening This Morning: Futures value reflects the change with fair…

CAPIS Morning Note -6/16/20 Stocks Rally On Infrastructure Deal, Lots of Economic Data This Morning And Fed Chairman Powell To The Hill

Morning Note

Morning Note

posted by CAPIS on 06/16/2020 at 5:53 am
by CAPIS on 06/16/2020

Lead Story: President Trump and the White House preparing a $1 trillion infrastructure bill that will need congressional approval. (Bloomberg) IPOs on deck:  IPOs Filed:  None of note. Secondaries Priced:  None of note. Notes Priced of note: None of note. Common Stock filings:  None of note. Mixed Shelf Offerings:   None of note. Convertible Offering Files: None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   LEN +0.41 of note. Misses:  None of note. Gap Up:  Gap Down:  Hourly Action This Past Week: Updated 6/12 Close News After The Close (In Order) The Bank of Japan (BOJ) is out with its latest interest rate decision last night and added 110 trillion yen ($1 trillion U.S.) What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500 +93 Dow Jones Industrial Average +996 NASDAQ +224 Russell 2000 +68. Fair values are lower.  Asia lower and Europe lower. Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, higher vs Pound and lower vs Yen. US 10 year Treasury price is at $138.52 from $138.98 with yields at  from 0.674%. Positive Sectors…

Lead Story: President Trump and the White House preparing a $1 trillion infrastructure bill that will need congressional approval. (Bloomberg) IPOs on deck:  IPOs Filed:  None of note. Secondaries Priced:  None of note. Notes Priced of note: None of note. Common Stock filings:  None of note. Mixed Shelf Offerings:   None of note. Convertible Offering Files: None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   LEN +0.41 of note. Misses:  None of note. Gap Up:  Gap Down:  Hourly Action This Past Week: Updated 6/12 Close News After The Close (In Order) The Bank of Japan (BOJ) is out with its latest interest rate decision last night and added 110 trillion yen ($1 trillion U.S.) What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500 +93 Dow Jones Industrial Average +996 NASDAQ +224 Russell 2000 +68. Fair values are lower.  Asia lower and Europe lower. Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, higher vs Pound and lower vs Yen. US 10 year Treasury price is at $138.52 from $138.98 with yields at  from 0.674%. Positive Sectors…

CAPIS Morning Note – 6/15/20 Covid-19 Fears In U.S. And China Drive Stocks Lower

Morning Note

Morning Note

posted by CAPIS on 06/15/2020 at 6:14 am
by CAPIS on 06/15/2020

Lead Story: Market pullback continues. (CNBC) IPOs on deck:  IPOs Filed:  None of note. Secondaries Priced:  None of note. Notes Priced of note: None of note. Common Stock filings:  None of note. Mixed Shelf Offerings: CDXC  SYRS BANR ZGNX   of note. Convertible Offering Files: None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   None of note. Misses:  None of note. Gap Up: ISEE +81%, VTVT +39%, FLDM +28%, MRNA +4%. Gap Down: HTZ -21%, CDXC -6%, BP -5%. Hourly Action This Past Week: Updated 6/11 Close News After The Close (In Order) Hertz (HTZ) get approval from a bankruptcy judge to sell stock even though in bankruptcy. Covid-19 cases continue to rise in the U.S. and a new outbreak emerges in Beijing, China wet markets. Atlanta saw protests over the weekend after Rayshard Brook was killed by police. President Trump moves his June 19th rally in Tulsa to June 20th to avoid conflict over Juneteenth. Barron’s positive on GS PGR CAG GIS CPB SIX FUN SEAS. Raises Guidance:  Lowers Guidance:  Withdraws Guidance:   Dividend Increase: WRB IIPR  SAFE Dividend Cut: Share Repurchase Announcement: What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500 -64 Dow Jones Industrial Average…

Lead Story: Market pullback continues. (CNBC) IPOs on deck:  IPOs Filed:  None of note. Secondaries Priced:  None of note. Notes Priced of note: None of note. Common Stock filings:  None of note. Mixed Shelf Offerings: CDXC  SYRS BANR ZGNX   of note. Convertible Offering Files: None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   None of note. Misses:  None of note. Gap Up: ISEE +81%, VTVT +39%, FLDM +28%, MRNA +4%. Gap Down: HTZ -21%, CDXC -6%, BP -5%. Hourly Action This Past Week: Updated 6/11 Close News After The Close (In Order) Hertz (HTZ) get approval from a bankruptcy judge to sell stock even though in bankruptcy. Covid-19 cases continue to rise in the U.S. and a new outbreak emerges in Beijing, China wet markets. Atlanta saw protests over the weekend after Rayshard Brook was killed by police. President Trump moves his June 19th rally in Tulsa to June 20th to avoid conflict over Juneteenth. Barron’s positive on GS PGR CAG GIS CPB SIX FUN SEAS. Raises Guidance:  Lowers Guidance:  Withdraws Guidance:   Dividend Increase: WRB IIPR  SAFE Dividend Cut: Share Repurchase Announcement: What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500 -64 Dow Jones Industrial Average…

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