Morning Note

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CAPIS Morning Note – 12/08/21: Stocks Up But Sugar High Over & Pfizer Out With More Vaccine News

Morning Note

Morning Note

posted by CAPIS on 12/08/2021 at 8:35 am
by CAPIS on 12/08/2021

Overnight Summary: Stocks are trading in a more normal range today but more mixed. In Asia, Shanghai composite was up 1.18%.  The Hang Seng was flat with a bad market debut for Weibo.  Shares of the secondary opened 6% lower.  Japan’s Nikkei 225 was up 1.42%, even though economic reports shows their economy contracted 3.6%.  European markets continue a positive note as the global markets continue to digest the Omicron severity. In the U.S., stocks were lower on the S&P 500 at 6:00 a.m. EST by -6 before rallying to +15 at 7:20 a.m. EST on positive news that the Pfizer (PFE) Biontech (BNTX) vaccine works on Omicron when two doses and a booster are applied. Breaking News: Pfizer (PFE) Biontech (BNTX) vaccine works on Omicron when two doses and a booster are applied. Pfizer (PFE) CEO interviewed on CNBC at 7:45 a.m. EST. Earnings Out After The Close: Beats: TOL +0.52, AVAV +0.14, SFIX +0.12, PLAY +0.08, BASE +0.06, S +0.03, PD +0.02 Flat: none Misses: CASY -0.34, CHPT -0.08 Capital Raises: IPOs Priced or News: Chicago Atlantic Real Estate Finance (REFI) 6.25 million share IPO priced at $16.00 Cingulate (CING) 4.166 million share IPO priced at $6.00 New…

Overnight Summary: Stocks are trading in a more normal range today but more mixed. In Asia, Shanghai composite was up 1.18%.  The Hang Seng was flat with a bad market debut for Weibo.  Shares of the secondary opened 6% lower.  Japan’s Nikkei 225 was up 1.42%, even though economic reports shows their economy contracted 3.6%.  European markets continue a positive note as the global markets continue to digest the Omicron severity. In the U.S., stocks were lower on the S&P 500 at 6:00 a.m. EST by -6 before rallying to +15 at 7:20 a.m. EST on positive news that the Pfizer (PFE) Biontech (BNTX) vaccine works on Omicron when two doses and a booster are applied. Breaking News: Pfizer (PFE) Biontech (BNTX) vaccine works on Omicron when two doses and a booster are applied. Pfizer (PFE) CEO interviewed on CNBC at 7:45 a.m. EST. Earnings Out After The Close: Beats: TOL +0.52, AVAV +0.14, SFIX +0.12, PLAY +0.08, BASE +0.06, S +0.03, PD +0.02 Flat: none Misses: CASY -0.34, CHPT -0.08 Capital Raises: IPOs Priced or News: Chicago Atlantic Real Estate Finance (REFI) 6.25 million share IPO priced at $16.00 Cingulate (CING) 4.166 million share IPO priced at $6.00 New…

CAPIS Morning Note – 12/07/21: Futures El Fuego – Omicron Risk Fades

Morning Note

Morning Note

posted by CAPIS on 12/07/2021 at 8:22 am
by CAPIS on 12/07/2021

Overnight Summary: Markets are acting like Omicron is no longer a risk to society. As such, the bounce off Friday’s low continues. In China, the PBOC reduced the reserve requirement for banks. On the other side of concern over Omicron, France shut down nightclubs into the end of the year. at 7:20 a.m. EST the S&P 500 is up +60 or 1.31% and near its morning high at 4650. Breaking News: American Airline (AAL) Chairman Doug Parker and CEO Robert Isom interviewed on CNBC and note – demand rising for flights, business travel back to pre-pandemic levels next year but international travel being impacted by testing requirements. Earnings Out After The Close: Beats: COUP +0.29, MDB+0.27, SUMO +0.02 Flat: HQY Misses: none Capital Raises: IPOs Priced or News: None of note. New SPACs launched: CBRE Acquisition Holdings (CBAH) to merge with Altus Power effective 12/9. Oaktree Acquisition (OACB) to merger with Alvotech. Secondaries Priced: SI: Prices Public Offering of Class A Common Stock 3.31Million @$145.. GS, JPM and Keefe bookmanager Notes Priced of note: None of note. Common Stock filings/Notes: ADIL: Filed Form S-3.. 200,000 Shares of Common Stock GLPI: Public Offering of 7,700,000 Shares of Common Stock.. BAC, WFC,…

Overnight Summary: Markets are acting like Omicron is no longer a risk to society. As such, the bounce off Friday’s low continues. In China, the PBOC reduced the reserve requirement for banks. On the other side of concern over Omicron, France shut down nightclubs into the end of the year. at 7:20 a.m. EST the S&P 500 is up +60 or 1.31% and near its morning high at 4650. Breaking News: American Airline (AAL) Chairman Doug Parker and CEO Robert Isom interviewed on CNBC and note – demand rising for flights, business travel back to pre-pandemic levels next year but international travel being impacted by testing requirements. Earnings Out After The Close: Beats: COUP +0.29, MDB+0.27, SUMO +0.02 Flat: HQY Misses: none Capital Raises: IPOs Priced or News: None of note. New SPACs launched: CBRE Acquisition Holdings (CBAH) to merge with Altus Power effective 12/9. Oaktree Acquisition (OACB) to merger with Alvotech. Secondaries Priced: SI: Prices Public Offering of Class A Common Stock 3.31Million @$145.. GS, JPM and Keefe bookmanager Notes Priced of note: None of note. Common Stock filings/Notes: ADIL: Filed Form S-3.. 200,000 Shares of Common Stock GLPI: Public Offering of 7,700,000 Shares of Common Stock.. BAC, WFC,…

CAPIS Morning Note – 12/06/21: Who Wins – Omicron Spreading Virus or Santa Spreading Holiday Cheer? Stocks Mixed.

Morning Note

Morning Note

posted by CAPIS on 12/06/2021 at 8:24 am
by CAPIS on 12/06/2021

Overnight Summary: Futures start the week split with the Dow Jones Industrials up 232 and technology stocks lower by -66 for the Nasdaq with the S&P 500 up 13. Note that the S&P lost all gains from 4:00 a.m. EST to 6:00 a.m. EST before rallying back up to our reporting time at 7:25 a.m. EST  There have been more confirmed cases of Omicron in the United States concerning public health officials especially about the virulence and ease of transmission.  Both Asian markets and European indexes were down slightly. China cuts is reserve ratio and issues related to Evercore payment/nonpayment on upcoming debt are a clear and present danger to Asian and global markets as we enter the week. Earnings Out After The Close: Beats: None Flat: None Misses: None Capital Raises: IPOs Priced or News: None of note. New SPACs launched: None of note. Secondaries Priced: None of note Notes Priced of note: None of note. Common Stock filings/Notes: GRIL: Filed Form S-3.. 22,093,822 Shares of Common Stock Pricing of Over-Allotment: None of note. Direct Offering: None of note.  Selling Shareholders of note: None of note. Private Placement of Public Entity (PIPE): None of note. Mixed Shelf Offerings: HOMB: Filed Form…

Overnight Summary: Futures start the week split with the Dow Jones Industrials up 232 and technology stocks lower by -66 for the Nasdaq with the S&P 500 up 13. Note that the S&P lost all gains from 4:00 a.m. EST to 6:00 a.m. EST before rallying back up to our reporting time at 7:25 a.m. EST  There have been more confirmed cases of Omicron in the United States concerning public health officials especially about the virulence and ease of transmission.  Both Asian markets and European indexes were down slightly. China cuts is reserve ratio and issues related to Evercore payment/nonpayment on upcoming debt are a clear and present danger to Asian and global markets as we enter the week. Earnings Out After The Close: Beats: None Flat: None Misses: None Capital Raises: IPOs Priced or News: None of note. New SPACs launched: None of note. Secondaries Priced: None of note Notes Priced of note: None of note. Common Stock filings/Notes: GRIL: Filed Form S-3.. 22,093,822 Shares of Common Stock Pricing of Over-Allotment: None of note. Direct Offering: None of note.  Selling Shareholders of note: None of note. Private Placement of Public Entity (PIPE): None of note. Mixed Shelf Offerings: HOMB: Filed Form…

CAPIS Morning Note – 12/03/21: All About That Bass? No! All About Those Jobs! President Biden to Speak About November Jobs at 10:15 a.m. EST

Morning Note

Morning Note

posted by CAPIS on 12/03/2021 at 8:17 am
by CAPIS on 12/03/2021

Overnight Summary: Markets are nervous heading into U.S. jobs data. China and Japan rose about 1%.  Asian economic data was weak, but the indexes remained positive.  European markets are flat.  Retail Sales for October exceeded European expectations.  US futures are down.  SP Futures traded in a range of 4583.00 and a low of 4543.75.  As of 7:15 a.m. EST they were in the middle of the range trading about 4573 awaiting the Non-farm Payroll Data at 8:30 a.m. EST. Breaking News: FDA will do 1-2 week reviews of variant vaccines as needed. (WSJ) This is a rehash of Biden comments early in the week but media making a big deal of it. Earnings Out After The Close: Beats: ULTA +1.46, VRNT +0.16, ZUMZ +0.16, DOCU +0.12, JOAN +0.11, SMAR +0.08, MRVL +0.05, ASAN +0.04, GWRE +0.04, OOMA +0.04, YEXT +0.03, DOMO +0.02 Flat: None Misses: SWBI (0.16), OLLI (0.13), COO (0.10) Capital Raises: IPOs Priced or News: None of note. New SPACs launched: American Express Global Business Travel Nears $5.3 Billion SPAC Merger With Apollo Strategic Growth Capital Secondaries Priced: ESPR 32.143M share  Secondary priced at $7.00 includes stock and warrants Notes Priced of note: None of note. Common Stock filings/Notes:…

Overnight Summary: Markets are nervous heading into U.S. jobs data. China and Japan rose about 1%.  Asian economic data was weak, but the indexes remained positive.  European markets are flat.  Retail Sales for October exceeded European expectations.  US futures are down.  SP Futures traded in a range of 4583.00 and a low of 4543.75.  As of 7:15 a.m. EST they were in the middle of the range trading about 4573 awaiting the Non-farm Payroll Data at 8:30 a.m. EST. Breaking News: FDA will do 1-2 week reviews of variant vaccines as needed. (WSJ) This is a rehash of Biden comments early in the week but media making a big deal of it. Earnings Out After The Close: Beats: ULTA +1.46, VRNT +0.16, ZUMZ +0.16, DOCU +0.12, JOAN +0.11, SMAR +0.08, MRVL +0.05, ASAN +0.04, GWRE +0.04, OOMA +0.04, YEXT +0.03, DOMO +0.02 Flat: None Misses: SWBI (0.16), OLLI (0.13), COO (0.10) Capital Raises: IPOs Priced or News: None of note. New SPACs launched: American Express Global Business Travel Nears $5.3 Billion SPAC Merger With Apollo Strategic Growth Capital Secondaries Priced: ESPR 32.143M share  Secondary priced at $7.00 includes stock and warrants Notes Priced of note: None of note. Common Stock filings/Notes:…

CAPIS Morning Note – 12/02/21: Futures Higher But Losing Steam With NASDAQ Lower As Apple Tells Suppliers iPhone Demand Slows

Morning Note

Morning Note

posted by CAPIS on 12/02/2021 at 8:19 am
by CAPIS on 12/02/2021

Overnight Summary: The yo-yo continues.  The S&P 500 is higher after finding support at 4500. Asia was lower led by Japan, again, and China over concerns companies would not be allowed to go public on foreign exchanges. European is lower as it follows Wednesday U.S. trading. Breaking News:  China to allow Boeing (BA) 737 Max Jets to return to flight in China. Earnings Out After The Close: Beats: PVH +0.61, SPLK +0.16, OKTA +0.16, FIVE +0.14, VEEV +0.09, CRWD +0.07, ESTC +0.07, AI +0.06, DSGX +0.05, SNPS +0.03, SMTC +0.02, NCNO +0.02, ZUO +0.01 Flat: None Misses: SNOW (0.45) Capital Raises: IPOs Priced or News: None of note. New SPACs launched: None of note. Secondaries Priced: IMGN: Pricing of Upsized Public Offering of Common Stock .. Priced @$6.60 ISPC: Closing of Approximately $21 Million Private Placement .. Priced @$12 MEIP: Pricing of Public Offering of Common Stock.. 17,500,000 shares @$2.60 WB: Pricing of Public Offering of Common Stock..11,000,000 shares @ $35.01 Notes Priced of note: None of note. Common Stock filings/Notes: AEI: Filed Form S-1.. 23,841,059 shares of Common Stock and Pre-funded Warrants CNTX: $31.25 Million Private Placement DBGI: Filed Form S-1.. 2,500,000 Shares of Common Stock NBY: Filed Form S-1.. 37,500,000…

Overnight Summary: The yo-yo continues.  The S&P 500 is higher after finding support at 4500. Asia was lower led by Japan, again, and China over concerns companies would not be allowed to go public on foreign exchanges. European is lower as it follows Wednesday U.S. trading. Breaking News:  China to allow Boeing (BA) 737 Max Jets to return to flight in China. Earnings Out After The Close: Beats: PVH +0.61, SPLK +0.16, OKTA +0.16, FIVE +0.14, VEEV +0.09, CRWD +0.07, ESTC +0.07, AI +0.06, DSGX +0.05, SNPS +0.03, SMTC +0.02, NCNO +0.02, ZUO +0.01 Flat: None Misses: SNOW (0.45) Capital Raises: IPOs Priced or News: None of note. New SPACs launched: None of note. Secondaries Priced: IMGN: Pricing of Upsized Public Offering of Common Stock .. Priced @$6.60 ISPC: Closing of Approximately $21 Million Private Placement .. Priced @$12 MEIP: Pricing of Public Offering of Common Stock.. 17,500,000 shares @$2.60 WB: Pricing of Public Offering of Common Stock..11,000,000 shares @ $35.01 Notes Priced of note: None of note. Common Stock filings/Notes: AEI: Filed Form S-1.. 23,841,059 shares of Common Stock and Pre-funded Warrants CNTX: $31.25 Million Private Placement DBGI: Filed Form S-1.. 2,500,000 Shares of Common Stock NBY: Filed Form S-1.. 37,500,000…

CAPIS Morning Note – 12/01/21: The Up and Down Action Since Last Friday Continues With Stocks Higher Globally

Morning Note

Morning Note

posted by CAPIS on 12/01/2021 at 8:31 am
by CAPIS on 12/01/2021

Overnight Summary: Asia and Europe rebounded despite a lack of positive news. Seems simply a case of a dead cat bounce or first day of trading in a new month after  a nasty selloff.  The S&P 500 is back to where it began to selloff heavily yesterday at 10:50 a.m. EST at 7:15 a.m. EST at 4622. Breaking News:  The latest ADP Jobs Payroll Data is out and better-than-expected growth of 534,000 in November (CNBC) Earnings Out After The Close: Beats: CRM +0.35, AMBA +0.08, NTAP +0.07, HPE +0.03, ZS +0.02, BOX +0.01 Flat: None Misses: BIRD (0.13) Capital Raises: IPOs Priced or News: None of note. New SPACs launched: None of note. Secondaries Priced: KRYS: Pricing of $200 Million Public Offering of Common Stock.. Priced @$75 Notes Priced of note: None of note. Common Stock filings/Notes: ADTX: Proposed Public Offering of Common Stock and Warrants.. DawsonJames bookmanager IMGN: Proposed Public Offering of Common Stock.. $175 million of shares..Jefferies, Cowen and Guggenheim bookmanagers MEIP: Proposed Public Offering of Common Stock.. 17,500,000 shares .. Jefferies and WFC bookmanagers RGLS: Closing of $34.6 Million Private Placement of Equity AGIL: Proposed Public Offering of Common Stock and Warrants.. 2.4 million shares Pricing of Over-Allotment: None of…

Overnight Summary: Asia and Europe rebounded despite a lack of positive news. Seems simply a case of a dead cat bounce or first day of trading in a new month after  a nasty selloff.  The S&P 500 is back to where it began to selloff heavily yesterday at 10:50 a.m. EST at 7:15 a.m. EST at 4622. Breaking News:  The latest ADP Jobs Payroll Data is out and better-than-expected growth of 534,000 in November (CNBC) Earnings Out After The Close: Beats: CRM +0.35, AMBA +0.08, NTAP +0.07, HPE +0.03, ZS +0.02, BOX +0.01 Flat: None Misses: BIRD (0.13) Capital Raises: IPOs Priced or News: None of note. New SPACs launched: None of note. Secondaries Priced: KRYS: Pricing of $200 Million Public Offering of Common Stock.. Priced @$75 Notes Priced of note: None of note. Common Stock filings/Notes: ADTX: Proposed Public Offering of Common Stock and Warrants.. DawsonJames bookmanager IMGN: Proposed Public Offering of Common Stock.. $175 million of shares..Jefferies, Cowen and Guggenheim bookmanagers MEIP: Proposed Public Offering of Common Stock.. 17,500,000 shares .. Jefferies and WFC bookmanagers RGLS: Closing of $34.6 Million Private Placement of Equity AGIL: Proposed Public Offering of Common Stock and Warrants.. 2.4 million shares Pricing of Over-Allotment: None of…

CAPIS Morning Note – 11/30/21: Stocks Fall As They Lose Confidence Globally That Omicron Variant Will Not Become A Problem

Morning Note

Morning Note

posted by CAPIS on 11/30/2021 at 8:22 am
by CAPIS on 11/30/2021

Overnight Summary: S&P 500 began to fall apart at 12:00 a.m. EST as foreign markets kicked into gear. The high overnight was 4667.50 with a low of 4582 and is now at 4609.75 at 7:10 a.m. EST. In Asia, China was flat while Japan fell -1.6%. Europe is following Japan’s weakness as auto stocks are getting hit. Earnings Out After The Close: Beats: GBDC +0.13 Flat: None Misses: None Capital Raises: IPOs Priced or News: None of note. New SPACs launched: None of note. Secondaries Priced: INTU: Pricing of Secondary Offering of 1,548,700 Shares of Common Stock @$668.95.. GS Bookmanager Notes Priced of note: DLTR: Pricing of $1.2 billion of Senior Notes. Common Stock filings/Notes: KRYS: Proposed $200 Million Public Offering of Common Stock — GS, BAC and Blair bookmanagers OTLK: Closing of $57.5 Million Bought Deal, Including Full Exercise of Underwriter’s Option to Purchase Additional Shares Pricing of Over-Allotment: None of note. Direct Offering: None of note.  Selling Shareholders of note: None of note. Private Placement of Public Entity (PIPE): None of note. Mixed Shelf Offerings: None of note. Convertible Offering & Notes Filed:  ARRY: Proposed Private Offering of $325 Million of Convertible Senior Notes Note Offerings Filed: None of note.…

Overnight Summary: S&P 500 began to fall apart at 12:00 a.m. EST as foreign markets kicked into gear. The high overnight was 4667.50 with a low of 4582 and is now at 4609.75 at 7:10 a.m. EST. In Asia, China was flat while Japan fell -1.6%. Europe is following Japan’s weakness as auto stocks are getting hit. Earnings Out After The Close: Beats: GBDC +0.13 Flat: None Misses: None Capital Raises: IPOs Priced or News: None of note. New SPACs launched: None of note. Secondaries Priced: INTU: Pricing of Secondary Offering of 1,548,700 Shares of Common Stock @$668.95.. GS Bookmanager Notes Priced of note: DLTR: Pricing of $1.2 billion of Senior Notes. Common Stock filings/Notes: KRYS: Proposed $200 Million Public Offering of Common Stock — GS, BAC and Blair bookmanagers OTLK: Closing of $57.5 Million Bought Deal, Including Full Exercise of Underwriter’s Option to Purchase Additional Shares Pricing of Over-Allotment: None of note. Direct Offering: None of note.  Selling Shareholders of note: None of note. Private Placement of Public Entity (PIPE): None of note. Mixed Shelf Offerings: None of note. Convertible Offering & Notes Filed:  ARRY: Proposed Private Offering of $325 Million of Convertible Senior Notes Note Offerings Filed: None of note.…

CAPIS Morning Note – 11/29/21: The Omicron Rebound – Will It Hold?

Morning Note

Morning Note

posted by CAPIS on 11/29/2021 at 8:23 am
by CAPIS on 11/29/2021

Overnight Summary: Stocks are mixed overseas.  Japan lost 1.6% and China was flat after starting off down -1%.  Heading west there are signs of green with Europe rebounding from Friday’s pullback.  Retail stocks and Banks are leading the European markets.  US futures are starting solidly up but are off the peak of 4640 now at 4627 at 7:15 a.m. EST. Earnings Out After The Close: Beats: None Flat: None Misses: None Capital Raises: IPOs Priced or News: None of note. New SPACs launched: None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings/Notes: VRAR: Filed Form S-1.. 2,250,000 Shares of Common Stock Offered by the Selling Stockholders WB: Launches Global Offering.. aggregate of 11,000,000 Class A ordinary shares Pricing of Over-Allotment: None of note. Direct Offering: None of note.  Selling Shareholders of note: None of note. Private Placement of Public Entity (PIPE): None of note. Mixed Shelf Offerings: None of note. Convertible Offering & Notes Filed:  PRG: Closing of Senior Unsecured Notes Offering and Satisfaction of Tender Offer Financing Condition Note Offerings Filed: None of note. Capital Raise Summary From The TradeXchange, bringing traders and investors real time news and Squawk Box, and other…

Overnight Summary: Stocks are mixed overseas.  Japan lost 1.6% and China was flat after starting off down -1%.  Heading west there are signs of green with Europe rebounding from Friday’s pullback.  Retail stocks and Banks are leading the European markets.  US futures are starting solidly up but are off the peak of 4640 now at 4627 at 7:15 a.m. EST. Earnings Out After The Close: Beats: None Flat: None Misses: None Capital Raises: IPOs Priced or News: None of note. New SPACs launched: None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings/Notes: VRAR: Filed Form S-1.. 2,250,000 Shares of Common Stock Offered by the Selling Stockholders WB: Launches Global Offering.. aggregate of 11,000,000 Class A ordinary shares Pricing of Over-Allotment: None of note. Direct Offering: None of note.  Selling Shareholders of note: None of note. Private Placement of Public Entity (PIPE): None of note. Mixed Shelf Offerings: None of note. Convertible Offering & Notes Filed:  PRG: Closing of Senior Unsecured Notes Offering and Satisfaction of Tender Offer Financing Condition Note Offerings Filed: None of note. Capital Raise Summary From The TradeXchange, bringing traders and investors real time news and Squawk Box, and other…

CAPIS Morning Note – 11/24/21: FOMC Minutes out at 2p.m. EST – Happy Thanksgiving to All!

Morning Note

Morning Note

posted by CAPIS on 11/24/2021 at 8:22 am
by CAPIS on 11/24/2021

Note: We will not be producing our briefing on Friday, November 26th as markets close early and news will be very light post Thanksgiving. Overnight Summary: Japan markets pulled back 1.6% after being closed yesterday for holiday.  SoftBank was the culprit pulling back 3%.  China traded flat.  European markets are down slightly.  US futures are down in early morning action. Breaking News: Johnson & Johnson (JNJ) get approval for its Covid-19 vaccine in Canada for individuals 18 and over. Earnings Out After The Close: Beats: DELL +0.20, VMW +0.18, GES +0.17, NTNX +0.12, PSTG +0.10, ADSK +0.07, PLAN +0.06, HPQ +0.06 Flat: None Misses: GPS (0.24), JWN (0.17) Capital Raises: IPOs Priced or News: None of note. New SPACs launched: None of note. Secondaries Priced: OTLK: Priced 40 Million shares of common stock at $1.25 per share Notes Priced of note: None of note. Common Stock filings/Notes: OBSV: Filed Form 424B7.. Up to 11,477,396 Common Shares ARVL: Closing of Public Follow-on Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares NVTS: Filed Form S-1.. Up to 87,007,757 Shares of Class A Common Stock Up to 4,741,667 Warrants OTLK ROVR: Closing of Follow-On Public Offering and Exercise in Full of…

Note: We will not be producing our briefing on Friday, November 26th as markets close early and news will be very light post Thanksgiving. Overnight Summary: Japan markets pulled back 1.6% after being closed yesterday for holiday.  SoftBank was the culprit pulling back 3%.  China traded flat.  European markets are down slightly.  US futures are down in early morning action. Breaking News: Johnson & Johnson (JNJ) get approval for its Covid-19 vaccine in Canada for individuals 18 and over. Earnings Out After The Close: Beats: DELL +0.20, VMW +0.18, GES +0.17, NTNX +0.12, PSTG +0.10, ADSK +0.07, PLAN +0.06, HPQ +0.06 Flat: None Misses: GPS (0.24), JWN (0.17) Capital Raises: IPOs Priced or News: None of note. New SPACs launched: None of note. Secondaries Priced: OTLK: Priced 40 Million shares of common stock at $1.25 per share Notes Priced of note: None of note. Common Stock filings/Notes: OBSV: Filed Form 424B7.. Up to 11,477,396 Common Shares ARVL: Closing of Public Follow-on Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares NVTS: Filed Form S-1.. Up to 87,007,757 Shares of Class A Common Stock Up to 4,741,667 Warrants OTLK ROVR: Closing of Follow-On Public Offering and Exercise in Full of…

CAPIS Morning Note – 11/23/21: 50 million Barrels of Oil from the Strategic Petroleum Reserve

Morning Note

Morning Note

posted by CAPIS on 11/23/2021 at 8:36 am
by CAPIS on 11/23/2021

Note: We will not be producing our briefing on Friday, November 26th as markets close early and news will be very light post Thanksgiving. Overnight Summary: Asia markets were trading flat.  China Evergrande popped 6%.  European markets are mostly trading down recovering off session lows.  German Manufacturing PMI topped forecast number at 53.4 (forecast was 51.5). Breaking News: U.S., Others to Tap Oil Reserves in Bid to Tame Inflation (WSJ) Earnings Out After The Close: Beats: KEYS +0.18, RMAX +0.09, URBN +0.05, A +0.03, ZM +0.01 Flat: None Misses: None Capital Raises: IPOs Priced or News: New SPACs launched: None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings/Notes: DH: Closing of Follow-On Offering of 11,000,000 Shares of Class A Common Stock EDSA: Filed Form 424B5.. Up to $15,000,000 Common Shares INDI ME: 23andMe Announces Redemption of All Outstanding Warrants PTC: Filed Form S-3ASR..10,582,010 Common Stock USWS: Filed Form S-3.. 33,737,606 shares of Class A Common Stock VRT Pricing of Over-Allotment: None of note. Direct Offering:  MAG MAG Silver announces US$40 mln bought deal financing Selling Shareholders of note: None of note. Private Placement of Public Entity (PIPE): None of note. Mixed Shelf Offerings: DXCM:…

Note: We will not be producing our briefing on Friday, November 26th as markets close early and news will be very light post Thanksgiving. Overnight Summary: Asia markets were trading flat.  China Evergrande popped 6%.  European markets are mostly trading down recovering off session lows.  German Manufacturing PMI topped forecast number at 53.4 (forecast was 51.5). Breaking News: U.S., Others to Tap Oil Reserves in Bid to Tame Inflation (WSJ) Earnings Out After The Close: Beats: KEYS +0.18, RMAX +0.09, URBN +0.05, A +0.03, ZM +0.01 Flat: None Misses: None Capital Raises: IPOs Priced or News: New SPACs launched: None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings/Notes: DH: Closing of Follow-On Offering of 11,000,000 Shares of Class A Common Stock EDSA: Filed Form 424B5.. Up to $15,000,000 Common Shares INDI ME: 23andMe Announces Redemption of All Outstanding Warrants PTC: Filed Form S-3ASR..10,582,010 Common Stock USWS: Filed Form S-3.. 33,737,606 shares of Class A Common Stock VRT Pricing of Over-Allotment: None of note. Direct Offering:  MAG MAG Silver announces US$40 mln bought deal financing Selling Shareholders of note: None of note. Private Placement of Public Entity (PIPE): None of note. Mixed Shelf Offerings: DXCM:…

CAPIS Morning Note – 11/22/21: President Biden to Celebrate Friendsgiving with Military Families & Fed Chairman Decision Imminent

Morning Note

Morning Note

posted by CAPIS on 11/22/2021 at 8:24 am
by CAPIS on 11/22/2021

Note: We will not be producing our briefing on Friday, November 26th as markets close early and news will be very light post Thanksgiving. Overnight Summary: Asia and Europe are higher. The PBOC hinted at future stimulus but left rates unchanged for the 19th month. The S&P 500 is higher by +16 at 7:15 a.m. EST in early trading. Breaking News: Federal Reserve Chairman decision is imminent. Will be today. Earnings Out After The Close: Beats: None Flat: None Misses: None Capital Raises: IPOs Priced or News: Authentic Brands Group cancels IPO and will sell itself to private investors, brands include Forever21, Aeropostale, Brooks Brothers and others. New SPACs launched: None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings/Notes: CPE: Filed Form S-3ASR.. 14,354,162 Shares of Common Stock CUBE: Closing of Public Offering of 15,525,000 Common Shares, Including Exercise in Full of Underwriters’ Option to Purchase Additional Shares ISUN: Filed Form S-3.. 1,810,915 Offering METC: Filed Form S-3.. 5,631,349 shares of Common Stock MYSZ: Filed Form S-1/A.. 8,927,555 Shares of Common Stock ONCR: Filed Form 424B5.. Up to $50,000,000 Common Stock PSTL: Closing of Follow-On Offering Pricing of Over-Allotment: None of…

Note: We will not be producing our briefing on Friday, November 26th as markets close early and news will be very light post Thanksgiving. Overnight Summary: Asia and Europe are higher. The PBOC hinted at future stimulus but left rates unchanged for the 19th month. The S&P 500 is higher by +16 at 7:15 a.m. EST in early trading. Breaking News: Federal Reserve Chairman decision is imminent. Will be today. Earnings Out After The Close: Beats: None Flat: None Misses: None Capital Raises: IPOs Priced or News: Authentic Brands Group cancels IPO and will sell itself to private investors, brands include Forever21, Aeropostale, Brooks Brothers and others. New SPACs launched: None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings/Notes: CPE: Filed Form S-3ASR.. 14,354,162 Shares of Common Stock CUBE: Closing of Public Offering of 15,525,000 Common Shares, Including Exercise in Full of Underwriters’ Option to Purchase Additional Shares ISUN: Filed Form S-3.. 1,810,915 Offering METC: Filed Form S-3.. 5,631,349 shares of Common Stock MYSZ: Filed Form S-1/A.. 8,927,555 Shares of Common Stock ONCR: Filed Form 424B5.. Up to $50,000,000 Common Stock PSTL: Closing of Follow-On Offering Pricing of Over-Allotment: None of…

CAPIS Morning Note – 11/19/21: Stocks Struggling As Austria Goes Into Lockdown Over Rising Covid-19 Cases. Can That Happen Here Fears Rise?

Morning Note

Morning Note

posted by CAPIS on 11/19/2021 at 8:25 am
by CAPIS on 11/19/2021

Overnight Summary: SP 500 was in positive territory until 4:00 a.m. EST but began to lose steam at 2:00 a.m. EST. It is now lower by -7 with a low of -13. Today is November Options Expiration so could be a volatile day. Be prepared. The market is suddenly concerned with the renewed strength of Covid-19 Delta as Austria moves to a lockdown starting next Monday. Asia was higher for the day as it closed before the Austria news really hit. Europe is lower on the Austria news and Germany’s hotter than expected PPI at 3.8% over estimates of 1.9%. Earnings Out After The Close: Beats: UGI +2.69, INTU +0.56, CAL +0.44, ROST +0.32, WDAY +0.24, WSM +0.22, ESE +0.07, PANW +0.07, GLOB +0.05, FTCH +0.02 Flat: none Misses: POST (0.50), BECN (0.31), NUAN (0.11), WWD (0.04), AMAT (0.02) Capital Raises: IPOs Priced or News: FinWise Bancorp (FINW) 3.5M share IPO priced at $10.50 Snow Lake Resources (LITM) 3.2M share IPO priced at $7.50 New SPACs launched: Infinite Acquisition Corp. (NFNT) Announces Pricing of Upsized $240 Million Initial Public Offering.. 24,000,000 units at a price of $10.00 per unit Secondaries Priced: ALHC: Pricing of Secondary Offering.. 8 Million @$21 AQB: Pricing of…

Overnight Summary: SP 500 was in positive territory until 4:00 a.m. EST but began to lose steam at 2:00 a.m. EST. It is now lower by -7 with a low of -13. Today is November Options Expiration so could be a volatile day. Be prepared. The market is suddenly concerned with the renewed strength of Covid-19 Delta as Austria moves to a lockdown starting next Monday. Asia was higher for the day as it closed before the Austria news really hit. Europe is lower on the Austria news and Germany’s hotter than expected PPI at 3.8% over estimates of 1.9%. Earnings Out After The Close: Beats: UGI +2.69, INTU +0.56, CAL +0.44, ROST +0.32, WDAY +0.24, WSM +0.22, ESE +0.07, PANW +0.07, GLOB +0.05, FTCH +0.02 Flat: none Misses: POST (0.50), BECN (0.31), NUAN (0.11), WWD (0.04), AMAT (0.02) Capital Raises: IPOs Priced or News: FinWise Bancorp (FINW) 3.5M share IPO priced at $10.50 Snow Lake Resources (LITM) 3.2M share IPO priced at $7.50 New SPACs launched: Infinite Acquisition Corp. (NFNT) Announces Pricing of Upsized $240 Million Initial Public Offering.. 24,000,000 units at a price of $10.00 per unit Secondaries Priced: ALHC: Pricing of Secondary Offering.. 8 Million @$21 AQB: Pricing of…

CAPIS Morning Note – 11/18/21: Will The SP 500 Take out 4700 Today?

Morning Note

Morning Note

posted by CAPIS on 11/18/2021 at 8:24 am
by CAPIS on 11/18/2021

Overnight Summary: The S&P 500 is now up 12 points. It appears a break through 4700 may be in the cards for today’s trading. Asia was weak but Japan did turn around in the last hour as hope that a bigger stimulus is in the offing. Europe is little changed this morning. 7:20 a.m. EST Earnings Out After The Close: Beats: CPA +0.83, BBWI  +0.31, HI +0.11, VSCO +0.11, CPRT +0.07, NVDA +0.06, TTEK +0.05, CSCO +0.02, KLIC +0.01, ZTO +0.01 Flat: None Misses: HP (0.11), SONO (0.02) Capital Raises: IPOs Priced or News: Sweetgreen (SG) prices 13 mln share IPO at $28.00 per share Redaptive files for IPO New SPACs launched: Blue Safari Group Acquisition (BSGA) to take Bitdeer Technology public, values Bitdeer at $4 billion Secondaries Priced: Clover Health (CLOV) CTOS: Pricing of Secondary Offering of Common Stock .. 12,322,975 shares @$8.50 CERT: Pricing of Public Offering of Common Stock .. 10Million @$31 DH: Pricing of Follow-On Offering of 11,000,000 Shares of Class A Common Stock..@$36 DV: Pricing of Secondary Offering .. 8M @$31.25 MITT: Pricing of Public Offering of Common Stock.. 7Million @$10.25 NOG: Pricing of Public Offering of Common Stock.. 10Million @$20 VCTR: Pricing of Secondary Offering…

Overnight Summary: The S&P 500 is now up 12 points. It appears a break through 4700 may be in the cards for today’s trading. Asia was weak but Japan did turn around in the last hour as hope that a bigger stimulus is in the offing. Europe is little changed this morning. 7:20 a.m. EST Earnings Out After The Close: Beats: CPA +0.83, BBWI  +0.31, HI +0.11, VSCO +0.11, CPRT +0.07, NVDA +0.06, TTEK +0.05, CSCO +0.02, KLIC +0.01, ZTO +0.01 Flat: None Misses: HP (0.11), SONO (0.02) Capital Raises: IPOs Priced or News: Sweetgreen (SG) prices 13 mln share IPO at $28.00 per share Redaptive files for IPO New SPACs launched: Blue Safari Group Acquisition (BSGA) to take Bitdeer Technology public, values Bitdeer at $4 billion Secondaries Priced: Clover Health (CLOV) CTOS: Pricing of Secondary Offering of Common Stock .. 12,322,975 shares @$8.50 CERT: Pricing of Public Offering of Common Stock .. 10Million @$31 DH: Pricing of Follow-On Offering of 11,000,000 Shares of Class A Common Stock..@$36 DV: Pricing of Secondary Offering .. 8M @$31.25 MITT: Pricing of Public Offering of Common Stock.. 7Million @$10.25 NOG: Pricing of Public Offering of Common Stock.. 10Million @$20 VCTR: Pricing of Secondary Offering…

CAPIS Morning Note – 11/17/21: Stocks Are Flat Heading Into Wednesday Trading With Lots Of Fed Speak

Morning Note

Morning Note

posted by CAPIS on 11/17/2021 at 8:37 am
by CAPIS on 11/17/2021

Overnight Summary: Another quiet session overnight. China was up 0.4% while Japan fell -0.4%. Europe is pretty quiet as well but the FTSE is lower as the UK reported a hot inflation number with CPI coming in at 3.4%. S&P 500 is down -1 with an overnight range of 10 points. Earnings Out After The Close: Beats: LZB +0.12, VREX +0.08, DLB +0.02 Flat: None Misses: AVDX (0.57), STNE (0.17), DLO (0.01) Capital Raises: IPOs Priced or News: AvidXchange (AVDX) announces a partial early lock-up release Braze (BRZE) Prices 8M Share IPO priced at $65 Iris Energy (IREN) 8.27M Share IPO priced at $28.00 Nabors Energy Transition Corp. (NETC.U): Pricing of Upsized $240,000,000 Initial Public Offering.. Priced @$10 Sono Motors (SEV) 10M share IPO priced at $15.00 New SPACs launched: None of note. Secondaries Priced: EYPT 4.03M shares Secondary priced at $13.75 VRAY 12.5M shares Secondary priced at $5.60 PSTL 4.25M shares Secondary priced at $17 CUBE 13.% shares Secondary priced at $51 NCLH 46.8M shares Secondary priced at $23.64 SEMR  5.5M share Secondary priced Notes Priced of note: VERI prices $175M of 1.75% Convertible Senior Notes U prices $1.5B of 0% Convertible Senior Notes Common Stock filings/Notes: CYTH: Proposed Public Offering…

Overnight Summary: Another quiet session overnight. China was up 0.4% while Japan fell -0.4%. Europe is pretty quiet as well but the FTSE is lower as the UK reported a hot inflation number with CPI coming in at 3.4%. S&P 500 is down -1 with an overnight range of 10 points. Earnings Out After The Close: Beats: LZB +0.12, VREX +0.08, DLB +0.02 Flat: None Misses: AVDX (0.57), STNE (0.17), DLO (0.01) Capital Raises: IPOs Priced or News: AvidXchange (AVDX) announces a partial early lock-up release Braze (BRZE) Prices 8M Share IPO priced at $65 Iris Energy (IREN) 8.27M Share IPO priced at $28.00 Nabors Energy Transition Corp. (NETC.U): Pricing of Upsized $240,000,000 Initial Public Offering.. Priced @$10 Sono Motors (SEV) 10M share IPO priced at $15.00 New SPACs launched: None of note. Secondaries Priced: EYPT 4.03M shares Secondary priced at $13.75 VRAY 12.5M shares Secondary priced at $5.60 PSTL 4.25M shares Secondary priced at $17 CUBE 13.% shares Secondary priced at $51 NCLH 46.8M shares Secondary priced at $23.64 SEMR  5.5M share Secondary priced Notes Priced of note: VERI prices $175M of 1.75% Convertible Senior Notes U prices $1.5B of 0% Convertible Senior Notes Common Stock filings/Notes: CYTH: Proposed Public Offering…

CAPIS Morning Note – 11/16/21: U.S. & China Overnight Call Concluded Without Major Event, Pfizer (PFE) to License Oral Antiviral – Stocks Mixed

Morning Note

Morning Note

posted by CAPIS on 11/16/2021 at 8:15 am
by CAPIS on 11/16/2021

Overnight Summary: Global markets and the U.S. are little changed as nothing spectacular came out of the U.S. and China talks. Then again nothing horrible happened. China was down -0.3% while Japan was up 0.1%. Europe is up slightly like the U.S. that is up +3 at 7:25 a.m. EST. Breaking News: Pfizer (PFE) announced that it will let other companies make its Covid-19 pill enabling more than 50% of the world to have access to the pill. (CNBC) Earnings Out After The Close: Beats: AXON +0.91, AAP +0.36, CMP +0.12, COOK +0.03, RXT +0.01 Flat: None. Misses: JJSF (0..30), PLBY (0.14), DM (0.01) Capital Raises: IPOs Priced or News: None of note. New SPACs launched: None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings/Notes: APLS: Proposed Public Offering of Common Stock.. $300 million.. JPM, GS and Evercore bookmanager CCAP: Public Offering of Common Stock.. 2.5M Shares CERT: Proposed Public Offering of Common Stock.. 10 million shares .. Jefferies, MS and BAC Bookmanager CLOV: Proposed Public Offering of Class A Common Stock.. 35,000,000 shares.. Citi and DB Bookmanager CTOS: Secondary Offering of Common Stock.. 12,322,975 shares.. Citi bookmanager CUBE: Public Offering of…

Overnight Summary: Global markets and the U.S. are little changed as nothing spectacular came out of the U.S. and China talks. Then again nothing horrible happened. China was down -0.3% while Japan was up 0.1%. Europe is up slightly like the U.S. that is up +3 at 7:25 a.m. EST. Breaking News: Pfizer (PFE) announced that it will let other companies make its Covid-19 pill enabling more than 50% of the world to have access to the pill. (CNBC) Earnings Out After The Close: Beats: AXON +0.91, AAP +0.36, CMP +0.12, COOK +0.03, RXT +0.01 Flat: None. Misses: JJSF (0..30), PLBY (0.14), DM (0.01) Capital Raises: IPOs Priced or News: None of note. New SPACs launched: None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings/Notes: APLS: Proposed Public Offering of Common Stock.. $300 million.. JPM, GS and Evercore bookmanager CCAP: Public Offering of Common Stock.. 2.5M Shares CERT: Proposed Public Offering of Common Stock.. 10 million shares .. Jefferies, MS and BAC Bookmanager CLOV: Proposed Public Offering of Class A Common Stock.. 35,000,000 shares.. Citi and DB Bookmanager CTOS: Secondary Offering of Common Stock.. 12,322,975 shares.. Citi bookmanager CUBE: Public Offering of…

CAPIS Morning Note – 11/15/21: Stocks Start The Week On A Positive Note

Morning Note

Morning Note

posted by CAPIS on 11/15/2021 at 8:27 am
by CAPIS on 11/15/2021

Overnight Summary: The S&P 500 is trading overnight in a 23 point range with it up 20 points from the low and up 10 points heading to the open. China put up better economic data with beats on industrial production and retail sales. Japan saw GDP fall -3% in Q3. Europe has a slightly positive bias. Breaking News: American Tower (AMT) agrees to acquire CoreSite (COR) Earnings Out After The Close: Beats: None. Flat: None. Misses: None. Capital Raises: IPOs Priced or News: None of note. New SPACs launched: None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings/Notes: AGEN: Filed Form S-3ASR.. 650,000 Shares of Common Stock LNC: Filed Form S-3ASR.. 2,802,000 Shares PTPI: Filed Form S-1.. 3,453,616 Shares of Common Stock STAF: Filed Form S-3.. 9,718,360 Shares of Common Stock Pricing of Over-Allotment: None of note. Direct Offering: None of note. Selling Shareholders of note: NEXT: Filed Form S-3.. 2,175,856 shares of Common Stock for Sale by the Selling Shareholders MAX: Filed Form S-3.. 34,935,871 Class A Common Stock for Sale by Selling Shareholders ARRY: Filed Form S-3ASR.. UP TO 7,875,000 Shares of Common Stock for Sale by Selling Shareholders Private Placement of Public…

Overnight Summary: The S&P 500 is trading overnight in a 23 point range with it up 20 points from the low and up 10 points heading to the open. China put up better economic data with beats on industrial production and retail sales. Japan saw GDP fall -3% in Q3. Europe has a slightly positive bias. Breaking News: American Tower (AMT) agrees to acquire CoreSite (COR) Earnings Out After The Close: Beats: None. Flat: None. Misses: None. Capital Raises: IPOs Priced or News: None of note. New SPACs launched: None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings/Notes: AGEN: Filed Form S-3ASR.. 650,000 Shares of Common Stock LNC: Filed Form S-3ASR.. 2,802,000 Shares PTPI: Filed Form S-1.. 3,453,616 Shares of Common Stock STAF: Filed Form S-3.. 9,718,360 Shares of Common Stock Pricing of Over-Allotment: None of note. Direct Offering: None of note. Selling Shareholders of note: NEXT: Filed Form S-3.. 2,175,856 shares of Common Stock for Sale by the Selling Shareholders MAX: Filed Form S-3.. 34,935,871 Class A Common Stock for Sale by Selling Shareholders ARRY: Filed Form S-3ASR.. UP TO 7,875,000 Shares of Common Stock for Sale by Selling Shareholders Private Placement of Public…

CAPIS Morning Note – 11/12/21: It’s Split Szn. First GE and Now JNJ

Morning Note

Morning Note

posted by CAPIS on 11/12/2021 at 8:21 am
by CAPIS on 11/12/2021

Overnight Summary: Overseas markets are a bit mixed. China was up 0.2% while Japan was higher by 1%. Europe sees weakness in the U.K. which is down 0.5% after AstraZeneca (AZN) missed estimates and is lower by 4%. Breaking News: Johnson & Johnson (JNJ) is splitting into two companies. Consumer and Pharma. (CNBC) Earnings Out After The Close: Beats: FLO +0.05, RIDE +0.05 Flat: AQN, JAMF Misses: GAN (0.06), PVG (0.06), ARRY (0.02), BLNK (0.01) Capital Raises: IPOs Priced or News: None of note. New SPACs launched: None of note. Secondaries Priced: NETI: Pricing of Public Offering of Common Shares 19,444,444 shares @$9 Notes Priced of note: None of note. Common Stock filings/Notes: SCM: Public Offering of Common Stock.. Keefe, WFC, Opp. and GS Bookmanagers Pricing of Over-Allotment: None of note. Direct Offering: None of note. Selling Shareholders of note: None of note. Private Placement of Public Entity (PIPE): None of note. Mixed Shelf Offerings: None of note. Convertible Offering & Notes Filed:  DDD: 3D Systems Announces Pricing of Upsized Offering of $400.0 Million of 0% Convertible Senior Notes due 2026 Note Offerings Filed: None of note. Capital Raise Summary From The TradeXchange, bringing traders and investors real time news and Squawk…

Overnight Summary: Overseas markets are a bit mixed. China was up 0.2% while Japan was higher by 1%. Europe sees weakness in the U.K. which is down 0.5% after AstraZeneca (AZN) missed estimates and is lower by 4%. Breaking News: Johnson & Johnson (JNJ) is splitting into two companies. Consumer and Pharma. (CNBC) Earnings Out After The Close: Beats: FLO +0.05, RIDE +0.05 Flat: AQN, JAMF Misses: GAN (0.06), PVG (0.06), ARRY (0.02), BLNK (0.01) Capital Raises: IPOs Priced or News: None of note. New SPACs launched: None of note. Secondaries Priced: NETI: Pricing of Public Offering of Common Shares 19,444,444 shares @$9 Notes Priced of note: None of note. Common Stock filings/Notes: SCM: Public Offering of Common Stock.. Keefe, WFC, Opp. and GS Bookmanagers Pricing of Over-Allotment: None of note. Direct Offering: None of note. Selling Shareholders of note: None of note. Private Placement of Public Entity (PIPE): None of note. Mixed Shelf Offerings: None of note. Convertible Offering & Notes Filed:  DDD: 3D Systems Announces Pricing of Upsized Offering of $400.0 Million of 0% Convertible Senior Notes due 2026 Note Offerings Filed: None of note. Capital Raise Summary From The TradeXchange, bringing traders and investors real time news and Squawk…

CAPIS Morning Note – 11/11/21: Stocks In Rebound Mode Today As Bond Market Close For Veterans Day

Morning Note

Morning Note

posted by CAPIS on 11/11/2021 at 8:27 am
by CAPIS on 11/11/2021

Overnight Summary: Global markets are bouncing after a couple days of selling. Asia and Europe are higher as is the U.S. with SP 500 Futures up 18 points. All is well again. Earnings Out After The Close: Beats: BZH +0.75, FICO +0.74, DOMA +0.63, UTZ +0.24, ZIP +0.21, BROS +0.15, ULCC +0.10, MRVI +0.09, SOFI +0.09, ME +0.09, OPEN +0.08, MQ +0.06, MSP +0.05, PAYO +0.04, SPTN +0.03, INDI +0.02, KGC +0.02, AMWL +0.02, DGII +0.01, BRKS +0.01, FIGS +0.01 Flat: NUVB +0.00, WISH +0.00, HIMS +0.00, HNST +0.00, GDRX +0.00 Misses: AFRM (0.83), ROOT (0.73), BYND (0.48), APP (0.38), RRGB (0.34), BLND (0.27), CCMP (0.25), MAX (0.19), COMP (0.14), BMBL (0.14), DIS (0.14), DUOL (0.11), SDGR (0.10), ESMT (0.07), ENS (0.06), DIBS (0.03), CRCT (0.03), TASK (0.02), LZ (0.02), ATO (0.01) Capital Raises: IPOs Priced or News: BEAT: HeartBeam Pricing of $16.5 Million Initial Public Offering.. 2.75M @$6 BLZE: Backblaze Pricing of Initial Public Offering.. 6.25M @$16 LVLU: Lulu’s Fashion Lounge Pricing of Initial Public Offering 5.75Million @$16 MASS: 908 Devices Pricing Initial Public Offering 3.15Million @$32 PIK: Kidpik Pricing of Upsized $18.0 Million IPO .. 2,117,647 shares @$8.50 TIVC: Tivic Health SystemsPricing of Initial Public Offering.. 3Million shares @$5 VMGA: VMG…

Overnight Summary: Global markets are bouncing after a couple days of selling. Asia and Europe are higher as is the U.S. with SP 500 Futures up 18 points. All is well again. Earnings Out After The Close: Beats: BZH +0.75, FICO +0.74, DOMA +0.63, UTZ +0.24, ZIP +0.21, BROS +0.15, ULCC +0.10, MRVI +0.09, SOFI +0.09, ME +0.09, OPEN +0.08, MQ +0.06, MSP +0.05, PAYO +0.04, SPTN +0.03, INDI +0.02, KGC +0.02, AMWL +0.02, DGII +0.01, BRKS +0.01, FIGS +0.01 Flat: NUVB +0.00, WISH +0.00, HIMS +0.00, HNST +0.00, GDRX +0.00 Misses: AFRM (0.83), ROOT (0.73), BYND (0.48), APP (0.38), RRGB (0.34), BLND (0.27), CCMP (0.25), MAX (0.19), COMP (0.14), BMBL (0.14), DIS (0.14), DUOL (0.11), SDGR (0.10), ESMT (0.07), ENS (0.06), DIBS (0.03), CRCT (0.03), TASK (0.02), LZ (0.02), ATO (0.01) Capital Raises: IPOs Priced or News: BEAT: HeartBeam Pricing of $16.5 Million Initial Public Offering.. 2.75M @$6 BLZE: Backblaze Pricing of Initial Public Offering.. 6.25M @$16 LVLU: Lulu’s Fashion Lounge Pricing of Initial Public Offering 5.75Million @$16 MASS: 908 Devices Pricing Initial Public Offering 3.15Million @$32 PIK: Kidpik Pricing of Upsized $18.0 Million IPO .. 2,117,647 shares @$8.50 TIVC: Tivic Health SystemsPricing of Initial Public Offering.. 3Million shares @$5 VMGA: VMG…

CAPIS Morning Note – 11/10/21: Consumer Price Index Hotter Than Expected – 31yr High

Morning Note

Morning Note

posted by CAPIS on 11/10/2021 at 8:44 am
by CAPIS on 11/10/2021

Overnight Summary: Stocks are softer this morning. What goes up must come down. Chinese CPI came in hot at 1.5% with PPI up 13.5%. Japan was lower for a fourth day in a row.  Europe is mixed. SP 500 Futures are down by -14. Breaking News: Consumer price index surges 6.2% in October, considerably more than expected and Initial Claims 264k vs 265. Earnings Out After The Close: Beats: SGMS +1.45, JAZZ +0.89, FLGT +0.80, LGND +0.54, FGEN +0.46, SCSC +0.27, UPST +0.27, EVBG +0.19, AKA +0.17, TTEC +0.16, CCXI +0.16, PUBM +0.16, STEP +0.11, FLYW +0.10, G +0.10, AMPL +0.09, SGFY +0.08, MODN +0.08, SAIL +0.07, ARLO +0.06, WYNN +0.05, ONTF +0.05, CARG +0.05, ALC +0.04, HCAT +0.04, ELY +0.04, VRM +0.03, LAW +0.03, RPAY +0.03, RNG +0.03, LPRO +0.02, AMK +0.02, TWOU +0.02, GO +0.02, INO +0.01, POSH +0.01, NARI +0.01, U +0.01, CERT +0.01, TBLA +0.01, OLO +0.01, TWNK +0.01, Flat: DNUT +0.00, SHLS +0.00 Misses: NIO (1.19), TOST (0.78), DASH (0.69), COHR (0.34), NSTG (0.29), NUVA (0.22), PRPL (0.22), GLBE (0.20), JXN (0.16), PAAS (0.16), TPTX (0.12), KOD (0.12), SILK (0.12), PLUG (0.11), ASH (0.10), COIN (0.10), GOCO (0.09), ANNX (0.05), DV (0.04), FUBO (0.04), ABCL (0.03), EPAY (0.03),…

Overnight Summary: Stocks are softer this morning. What goes up must come down. Chinese CPI came in hot at 1.5% with PPI up 13.5%. Japan was lower for a fourth day in a row.  Europe is mixed. SP 500 Futures are down by -14. Breaking News: Consumer price index surges 6.2% in October, considerably more than expected and Initial Claims 264k vs 265. Earnings Out After The Close: Beats: SGMS +1.45, JAZZ +0.89, FLGT +0.80, LGND +0.54, FGEN +0.46, SCSC +0.27, UPST +0.27, EVBG +0.19, AKA +0.17, TTEC +0.16, CCXI +0.16, PUBM +0.16, STEP +0.11, FLYW +0.10, G +0.10, AMPL +0.09, SGFY +0.08, MODN +0.08, SAIL +0.07, ARLO +0.06, WYNN +0.05, ONTF +0.05, CARG +0.05, ALC +0.04, HCAT +0.04, ELY +0.04, VRM +0.03, LAW +0.03, RPAY +0.03, RNG +0.03, LPRO +0.02, AMK +0.02, TWOU +0.02, GO +0.02, INO +0.01, POSH +0.01, NARI +0.01, U +0.01, CERT +0.01, TBLA +0.01, OLO +0.01, TWNK +0.01, Flat: DNUT +0.00, SHLS +0.00 Misses: NIO (1.19), TOST (0.78), DASH (0.69), COHR (0.34), NSTG (0.29), NUVA (0.22), PRPL (0.22), GLBE (0.20), JXN (0.16), PAAS (0.16), TPTX (0.12), KOD (0.12), SILK (0.12), PLUG (0.11), ASH (0.10), COIN (0.10), GOCO (0.09), ANNX (0.05), DV (0.04), FUBO (0.04), ABCL (0.03), EPAY (0.03),…

CAPIS Morning Note – 11/09/21: GE to Split Into Three Companies, Bitcoin and Ether Hit All Time Highs as Did Stock Indexes Yesterday

Morning Note

Morning Note

posted by CAPIS on 11/09/2021 at 8:28 am
by CAPIS on 11/09/2021

Overnight Summary: Suddenly global markets and the U.S. are in quiet mode.  China rose 0.2% while Japan fell 0.8%. China rebounded when Evergrande was reported to have made a debt payment. Europe is keying off weaker than expected Export Data from Germany. U.S. futures hit a low at 4680 and are now up two points at 4690 at 6:00 a.m. EST. Breaking News: General Electric to split into three companies. Earnings Out After The Close: Beats: MRTX +1.44, IPAR +0.53, ATCO +0.21, ACAD +0.17, BAND +0.17, SWAV +0.12, TME +0.12, DOOR +0.12, PRIM +0.11, AMC +0.10, AEL +0.10, PRA +0.09, CBT +0.08, IFF +0.08, AEIS +0.07, TREX +0.06, CXW +0.06, JKHY +0.06, FIVN +0.05, TWO +0.04, REAL +0.03, ENV +0.03, PYPL +0.03, NEWR +0.03, DDD +0.03, MRC +0.02 Flat: VUZI +0.00, PRI +0.00 Misses: TPIC (0.96), ROVR (0.71), NVRO (0.50), BEKE (0.48), FRPT (0.18), LFST (0.16), AMRS (0.13), SDC (0.11), ZNGA (0.11), SQSP (0.10), NVTA (0.09), TRIP (0.08), MWA (0.07), NCMI (0.07), PRAA (0.05), RBLX (0.05), SANM (0.04), CLOV (0.04), OSH (0.04), SPCE (0.04), BLDP (0.03), NHI (0.03), WPRT (0.03), NEX (0.01) Capital Raises: IPOs Priced or News: CDRE: Closing of Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares…

Overnight Summary: Suddenly global markets and the U.S. are in quiet mode.  China rose 0.2% while Japan fell 0.8%. China rebounded when Evergrande was reported to have made a debt payment. Europe is keying off weaker than expected Export Data from Germany. U.S. futures hit a low at 4680 and are now up two points at 4690 at 6:00 a.m. EST. Breaking News: General Electric to split into three companies. Earnings Out After The Close: Beats: MRTX +1.44, IPAR +0.53, ATCO +0.21, ACAD +0.17, BAND +0.17, SWAV +0.12, TME +0.12, DOOR +0.12, PRIM +0.11, AMC +0.10, AEL +0.10, PRA +0.09, CBT +0.08, IFF +0.08, AEIS +0.07, TREX +0.06, CXW +0.06, JKHY +0.06, FIVN +0.05, TWO +0.04, REAL +0.03, ENV +0.03, PYPL +0.03, NEWR +0.03, DDD +0.03, MRC +0.02 Flat: VUZI +0.00, PRI +0.00 Misses: TPIC (0.96), ROVR (0.71), NVRO (0.50), BEKE (0.48), FRPT (0.18), LFST (0.16), AMRS (0.13), SDC (0.11), ZNGA (0.11), SQSP (0.10), NVTA (0.09), TRIP (0.08), MWA (0.07), NCMI (0.07), PRAA (0.05), RBLX (0.05), SANM (0.04), CLOV (0.04), OSH (0.04), SPCE (0.04), BLDP (0.03), NHI (0.03), WPRT (0.03), NEX (0.01) Capital Raises: IPOs Priced or News: CDRE: Closing of Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares…

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