Morning Note

209 total posts

CAPIS Morning Note – 9/20/19 Continuing Resolution Off To Senate

Morning Note

Morning Note

posted by CAPIS on 09/20/2019 at 7:40 am
by CAPIS on 09/20/2019

NY Federal Reserve  Open Market Action – At 8:30 a.m. EDT, the NY Federal Reserve will conduct open market operations for  fourth day. Corporate Actions  IPO News: Airbnb to go public in 2020. IPOs on deck:   IPOs Filed:  None filed after the close. Secondaries on deck:  FBM HTGM OPRA of note. Notes Priced:  SAIL of note. Common Stock filings: None of note. Mixed Shelf Offerings filed:  None of note.   Convertible Offering Files: None of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat:  SCHL +0.21 SCS +.07 of note. Missed: None of note News After The Close: (In time order after the close) Western Digital (WDC) to sell its IntelliFlash business to DDN, no terms. Xilinx (XLNX) CFO leaves for another opportunity. KeyCorp (KEY) names Chris Gorman successor to CEO Beth Mooney. Shoe Carnival (SCVL) names Mark Worden as President replacing Cliff Sifford. Stock Repurchase:  Dividend Increase: TXN ABCB  STT  MCD. Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: MDR +63%, CRC +17%, SCHL +11%, SCS +6%, HEXO +4%, PING +4%, Gap Lower: XLNX -4% What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.   S&P 500 +4 Dow Jones Industrial Average +34 NASDAQ +11 Russell 2000 +4. Fair…

NY Federal Reserve  Open Market Action – At 8:30 a.m. EDT, the NY Federal Reserve will conduct open market operations for  fourth day. Corporate Actions  IPO News: Airbnb to go public in 2020. IPOs on deck:   IPOs Filed:  None filed after the close. Secondaries on deck:  FBM HTGM OPRA of note. Notes Priced:  SAIL of note. Common Stock filings: None of note. Mixed Shelf Offerings filed:  None of note.   Convertible Offering Files: None of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat:  SCHL +0.21 SCS +.07 of note. Missed: None of note News After The Close: (In time order after the close) Western Digital (WDC) to sell its IntelliFlash business to DDN, no terms. Xilinx (XLNX) CFO leaves for another opportunity. KeyCorp (KEY) names Chris Gorman successor to CEO Beth Mooney. Shoe Carnival (SCVL) names Mark Worden as President replacing Cliff Sifford. Stock Repurchase:  Dividend Increase: TXN ABCB  STT  MCD. Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: MDR +63%, CRC +17%, SCHL +11%, SCS +6%, HEXO +4%, PING +4%, Gap Lower: XLNX -4% What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.   S&P 500 +4 Dow Jones Industrial Average +34 NASDAQ +11 Russell 2000 +4. Fair…

CAPIS Morning Note – 9/19/19 Bank of England Leaves Rates Unchanged After Fed Lowers

Morning Note

Morning Note

posted by CAPIS on 09/19/2019 at 7:41 am
by CAPIS on 09/19/2019

NY Federal Reserve  Open Market Action – At 8:30 a.m. EDT, the NY Federal Reserve will conduct open market operations for  third day. Corporate Actions  IPO News:  IPOs on deck: Datadog (DDOG) and Ping Identity (PING) to begin trading today. IPOs Filed:  None filed after the close. Secondaries on deck: ARES NCR PAA PAGP PRVB VBIV XGN  of note. Notes Priced: IOTS CMLS of note. Common Stock filings:  PRVB PAGP  ARESLYV of note. Mixed Shelf Offerings filed: LHX of note.   Convertible Offering Files:  ETSY SAIL of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: MLHR +0.06 of note. Missed: None of note News After The Close: (In time order after the close) Northern Trust (NTRS) names Jason Tyler CFO in 2020. Cisco (CSCO) was interested in buying Datadog (DDOG) which is going public today. AT&T (T) may sell DirecTV. Then disputes this morning that story. Stock Repurchase: MSFT TGT. Dividend Increase: MSFT WPC. Dividend Decrease:. Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: MLHR +9% Gap Lower: PRVB -14%, X -11%, ARES -4%, AKS -4% What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.   S&P 500 -1 Dow Jones Industrial Average -8 NASDAQ -7 Russell…

NY Federal Reserve  Open Market Action – At 8:30 a.m. EDT, the NY Federal Reserve will conduct open market operations for  third day. Corporate Actions  IPO News:  IPOs on deck: Datadog (DDOG) and Ping Identity (PING) to begin trading today. IPOs Filed:  None filed after the close. Secondaries on deck: ARES NCR PAA PAGP PRVB VBIV XGN  of note. Notes Priced: IOTS CMLS of note. Common Stock filings:  PRVB PAGP  ARESLYV of note. Mixed Shelf Offerings filed: LHX of note.   Convertible Offering Files:  ETSY SAIL of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: MLHR +0.06 of note. Missed: None of note News After The Close: (In time order after the close) Northern Trust (NTRS) names Jason Tyler CFO in 2020. Cisco (CSCO) was interested in buying Datadog (DDOG) which is going public today. AT&T (T) may sell DirecTV. Then disputes this morning that story. Stock Repurchase: MSFT TGT. Dividend Increase: MSFT WPC. Dividend Decrease:. Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: MLHR +9% Gap Lower: PRVB -14%, X -11%, ARES -4%, AKS -4% What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.   S&P 500 -1 Dow Jones Industrial Average -8 NASDAQ -7 Russell…

CAPIS Morning Note – 9/18/19 NY Fed To Inject Liquidity Into System For Second Consecutive Day

Morning Note

Morning Note

posted by CAPIS on 09/18/2019 at 7:50 am
by CAPIS on 09/18/2019

NY Federal Reserve  Open Market Action – At 8:30 a.m. EDT, the NY Federal Reserve will conduct open market operations and inject up to $75 billion. Corporate Actions  IPO News:  IPOs on deck: Envista (NVST) and IGM Biosciences (IGMS) to begin trading today. IPOs Filed:  None filed after the close. Secondaries on deck:  INVH ACAD TBIO ROAD of note. Notes Priced: None of note. Common Stock filings: TBIO PTCT ACAD INVH  of note. Mixed Shelf Offerings filed:None of note.   Convertible Offering Files: PTCT of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat:  ADBE +0.08 of note. Missed: CHWY (0.11), FDX (0.11) of note News After The Close: (In time order after the close) Alexion Pharmaceuticals (ALXN) names Dr. Aradhana Sarin new CFO. Dexcom (DXCM) names Quentin Blackford as COO in addition to being CFO. CDW (CDW) to join the S&P 500 next Monday. Stock Repurchase: ATRO STBA. Dividend Increase: JPM TTEC. Dividend Decrease: ANH. Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: ZYNE +10%, CDW +6% Gap Lower: FDX -12%, TBIO -10%, IOTS -8%, PTCT -8%, CHWY -4%, ACAD -4%, CBAY -4% What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.   S&P 500 -5 Dow Jones Industrial Average -37 NASDAQ -17…

NY Federal Reserve  Open Market Action – At 8:30 a.m. EDT, the NY Federal Reserve will conduct open market operations and inject up to $75 billion. Corporate Actions  IPO News:  IPOs on deck: Envista (NVST) and IGM Biosciences (IGMS) to begin trading today. IPOs Filed:  None filed after the close. Secondaries on deck:  INVH ACAD TBIO ROAD of note. Notes Priced: None of note. Common Stock filings: TBIO PTCT ACAD INVH  of note. Mixed Shelf Offerings filed:None of note.   Convertible Offering Files: PTCT of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat:  ADBE +0.08 of note. Missed: CHWY (0.11), FDX (0.11) of note News After The Close: (In time order after the close) Alexion Pharmaceuticals (ALXN) names Dr. Aradhana Sarin new CFO. Dexcom (DXCM) names Quentin Blackford as COO in addition to being CFO. CDW (CDW) to join the S&P 500 next Monday. Stock Repurchase: ATRO STBA. Dividend Increase: JPM TTEC. Dividend Decrease: ANH. Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: ZYNE +10%, CDW +6% Gap Lower: FDX -12%, TBIO -10%, IOTS -8%, PTCT -8%, CHWY -4%, ACAD -4%, CBAY -4% What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.   S&P 500 -5 Dow Jones Industrial Average -37 NASDAQ -17…

CAPIS Morning Note -9/17/19 Trade Deal With Japan?

Morning Note

Morning Note

posted by CAPIS on 09/17/2019 at 7:57 am
by CAPIS on 09/17/2019

Corporate Actions  IPO News: WeWork (WE) shelves IPO for now. Will try to bring back at year end. IPOs on deck: Six IPOs of note due this week including Datadog (DDOG) and Ping Identity Holding (PING). IPOs Filed:  None filed after the close. Secondaries on deck: ATH SHOP of note. Notes Priced:  Apex Technology Acquisition -Unit. Common Stock filings: FNKO SHOP OPRA of note. Mixed Shelf Offerings filed:None of note.   Convertible Offering Files: None of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: None of note. Missed:  None of note News After The Close: (In time order after the close) Cheniere Energy (LNG) and EOG Resources (EOG) agree on long term gas supply agreement. SeaWorld Entertainment (SEAS) CEO resigns effective immediately, current CFO to become CEO. Leidos (LDOS) wins $428 million task order from U.S. Army. FedEx (FDX) to increase rates in January of 2020. Dril Quip (DRQ) terminates Ca Rong Do project. Accelron Pharmaceutical (XLRN) announce that Phase 2 Trial of ACE-083did not achieve secondary endpoints. Stock Repurchase: KLAC. Dividend Increase: KLAC MAS. Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: SBGL +4.2%. Gap Lower: BBCP -9%, GLW -9%, FNKO -8%, XLRN -7%, DRQ -6%, SHOP -5%. What’s Happening This Morning: Futures value reflects the change with fair value. We will still…

Corporate Actions  IPO News: WeWork (WE) shelves IPO for now. Will try to bring back at year end. IPOs on deck: Six IPOs of note due this week including Datadog (DDOG) and Ping Identity Holding (PING). IPOs Filed:  None filed after the close. Secondaries on deck: ATH SHOP of note. Notes Priced:  Apex Technology Acquisition -Unit. Common Stock filings: FNKO SHOP OPRA of note. Mixed Shelf Offerings filed:None of note.   Convertible Offering Files: None of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: None of note. Missed:  None of note News After The Close: (In time order after the close) Cheniere Energy (LNG) and EOG Resources (EOG) agree on long term gas supply agreement. SeaWorld Entertainment (SEAS) CEO resigns effective immediately, current CFO to become CEO. Leidos (LDOS) wins $428 million task order from U.S. Army. FedEx (FDX) to increase rates in January of 2020. Dril Quip (DRQ) terminates Ca Rong Do project. Accelron Pharmaceutical (XLRN) announce that Phase 2 Trial of ACE-083did not achieve secondary endpoints. Stock Repurchase: KLAC. Dividend Increase: KLAC MAS. Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: SBGL +4.2%. Gap Lower: BBCP -9%, GLW -9%, FNKO -8%, XLRN -7%, DRQ -6%, SHOP -5%. What’s Happening This Morning: Futures value reflects the change with fair value. We will still…

CAPIS Morning Note -9/16/19 Brent Oil Spikes The Most Ever, +10%

Morning Note

Morning Note

posted by CAPIS on 09/16/2019 at 7:47 am
by CAPIS on 09/16/2019

Corporate Actions  IPO News: Chinos Holdings files for IPO, will be renamed Madewell Group. IPOs on deck: Six IPOs of note due this week including Datadog (DDOG) and Ping Identity Holding (PING). IPOs Filed:  None filed after the close. Secondaries on deck: None of note. Notes Priced:  REXR of note. Common Stock filings: None of note. Mixed Shelf Offerings filed: CTLT KDMN of note.   Convertible Offering Files: None of note. Senior Notes Filed:  PFGC of note. Courtesy of IPO Financial Earnings After The Close:  Beat:  None of note. Missed:  None of note News After The Close: (In time order after the close) Viper Energy Partners (VNOM) to buy certain mineral and royalty interest from Santa Elena Minerals for $150 million. Portugal sees its rating upgraded to Positive from major rating agency. Raytheon (RTN) wins $427 million Army contract. Disney (DIS) President Bob Iger resigns from the Apple (AAPL) Board of Directors. Drones hit Saudi oil installations on Saturday. President Trump authorizes use of the Strategic Petroleum Reserve (SPR). Stock Repurchase:  Dividend Increase: Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: ALDR +80%, DNR +39%, YUMA +33%, WLL +17%, CHK +16%, NBR +16%, SWN +13%, VAL +13%, RRC +13%, BTE +12%, MRO +11%, AR +11%, RIG +10%, DVN +10%, PTEN +10%, ECA +9%, NBL +9%, CXO +9%, MDR +8%, PXD +8%, APA +8%, HES +7%, COP +7%, CNQ +7%, NOV +6%, SLB +6%, OXY +5%, HAL +5%, GFI +5%, HMY +4%, BP +4%, SBGL +4%. Gap Lower: TLRD -4%. What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value…

Corporate Actions  IPO News: Chinos Holdings files for IPO, will be renamed Madewell Group. IPOs on deck: Six IPOs of note due this week including Datadog (DDOG) and Ping Identity Holding (PING). IPOs Filed:  None filed after the close. Secondaries on deck: None of note. Notes Priced:  REXR of note. Common Stock filings: None of note. Mixed Shelf Offerings filed: CTLT KDMN of note.   Convertible Offering Files: None of note. Senior Notes Filed:  PFGC of note. Courtesy of IPO Financial Earnings After The Close:  Beat:  None of note. Missed:  None of note News After The Close: (In time order after the close) Viper Energy Partners (VNOM) to buy certain mineral and royalty interest from Santa Elena Minerals for $150 million. Portugal sees its rating upgraded to Positive from major rating agency. Raytheon (RTN) wins $427 million Army contract. Disney (DIS) President Bob Iger resigns from the Apple (AAPL) Board of Directors. Drones hit Saudi oil installations on Saturday. President Trump authorizes use of the Strategic Petroleum Reserve (SPR). Stock Repurchase:  Dividend Increase: Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: ALDR +80%, DNR +39%, YUMA +33%, WLL +17%, CHK +16%, NBR +16%, SWN +13%, VAL +13%, RRC +13%, BTE +12%, MRO +11%, AR +11%, RIG +10%, DVN +10%, PTEN +10%, ECA +9%, NBL +9%, CXO +9%, MDR +8%, PXD +8%, APA +8%, HES +7%, COP +7%, CNQ +7%, NOV +6%, SLB +6%, OXY +5%, HAL +5%, GFI +5%, HMY +4%, BP +4%, SBGL +4%. Gap Lower: TLRD -4%. What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value…

CAPIS Morning Note -9/13/19 Retail Sales Slow in August Up 0.1%

Morning Note

Morning Note

posted by CAPIS on 09/13/2019 at 7:38 am
by CAPIS on 09/13/2019

Corporate Actions  IPO News: We Company (We) amends IPO prospectus. IPOs on deck: SpringWorks Therapeutics (SWTX), Satsuma Pharma (STSA), Experience Investment Unit (EXCPU) as well Cloudflare (NET) of note. IPOs Filed:  None filed after the close. Secondaries on deck: ALRS MCF  of note. Notes Priced: UBER HSKA RH BEST of note. Common Stock filings:   ERII CDXC of note. Mixed Shelf Offerings filed: ERII of note.   Convertible Offering Files: None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: AVGO +0.03 of note. Missed:  None of note News After The Close: (In time order after the close) Alaska Air (ALK) saw August traffic up 4.6%. MDC Holdings (MDC) sees new home orders up 63%. Park Hotels & Resorts (PK) to join S&P 400 and Inogen (INGN) to join S&P 600. Stock Repurchase: BKU Dividend Increase: VICI Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: VNCE +22%, CPRX +10%, +7%, MDLA +5%, VRAY +5%, PK +4%. Gap Lower: PCYG -15%, ERII -12%, ARDX -6% What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.   S&P 500 +9 Dow Jones Industrial Average +109 NASDAQ +26 Russell 2000 +1.…

Corporate Actions  IPO News: We Company (We) amends IPO prospectus. IPOs on deck: SpringWorks Therapeutics (SWTX), Satsuma Pharma (STSA), Experience Investment Unit (EXCPU) as well Cloudflare (NET) of note. IPOs Filed:  None filed after the close. Secondaries on deck: ALRS MCF  of note. Notes Priced: UBER HSKA RH BEST of note. Common Stock filings:   ERII CDXC of note. Mixed Shelf Offerings filed: ERII of note.   Convertible Offering Files: None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: AVGO +0.03 of note. Missed:  None of note News After The Close: (In time order after the close) Alaska Air (ALK) saw August traffic up 4.6%. MDC Holdings (MDC) sees new home orders up 63%. Park Hotels & Resorts (PK) to join S&P 400 and Inogen (INGN) to join S&P 600. Stock Repurchase: BKU Dividend Increase: VICI Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: VNCE +22%, CPRX +10%, +7%, MDLA +5%, VRAY +5%, PK +4%. Gap Lower: PCYG -15%, ERII -12%, ARDX -6% What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.   S&P 500 +9 Dow Jones Industrial Average +109 NASDAQ +26 Russell 2000 +1.…

CAPIS Morning Note – 9/12/19

Morning Note

Morning Note

posted by CAPIS on 09/12/2019 at 7:54 am
by CAPIS on 09/12/2019

Breaking News – ECB cuts rates by 10 basis points as expected. Press conference at 8:30 a.m. EDT. Corporate Actions  IPO News:  IPOs on deck: SmileDirectClub (SDC) and 10x Genomics (TXG) of note. IPOs Filed:  None filed after the close. Secondaries on deck:  ALRS AMPH BHGE CYAD FATE  IMXI of note. Notes Priced: None of note. Common Stock filings:  FATE CPRX  of note. Mixed Shelf Offerings filed: None of note.   Convertible Offering Files:  HSKA BEST APLS of note. Senior Notes Filed: CDW UBER of note. Courtesy of IPO Financial Earnings After The Close:  Beat: TLRD +0.03  of note. Flat: ORCL of note Missed: OXM (0.02)  of note. News After The Close: (In time order after the close) Great Lakes Dredge & Dock (GLDD) announces $141 million in new contracts. Landstar (LSTR) lowers guidance. Emerson (EMR) gives orders update. Three month trailing orders up 2% with one month up 3%, with currency impact of 1%. Mark Hurd the CEO of Oracle (ORCL) will take a leave of absence due to health related issues. Spotify (SPOT) Chief Accounting Office Luca Baratta will resign as of 9/16 and Controller Paul Sawyer to take on that roll. Healthcare Realty (HR) Executive Chairman David Emery has taken a medical leave.…

Breaking News – ECB cuts rates by 10 basis points as expected. Press conference at 8:30 a.m. EDT. Corporate Actions  IPO News:  IPOs on deck: SmileDirectClub (SDC) and 10x Genomics (TXG) of note. IPOs Filed:  None filed after the close. Secondaries on deck:  ALRS AMPH BHGE CYAD FATE  IMXI of note. Notes Priced: None of note. Common Stock filings:  FATE CPRX  of note. Mixed Shelf Offerings filed: None of note.   Convertible Offering Files:  HSKA BEST APLS of note. Senior Notes Filed: CDW UBER of note. Courtesy of IPO Financial Earnings After The Close:  Beat: TLRD +0.03  of note. Flat: ORCL of note Missed: OXM (0.02)  of note. News After The Close: (In time order after the close) Great Lakes Dredge & Dock (GLDD) announces $141 million in new contracts. Landstar (LSTR) lowers guidance. Emerson (EMR) gives orders update. Three month trailing orders up 2% with one month up 3%, with currency impact of 1%. Mark Hurd the CEO of Oracle (ORCL) will take a leave of absence due to health related issues. Spotify (SPOT) Chief Accounting Office Luca Baratta will resign as of 9/16 and Controller Paul Sawyer to take on that roll. Healthcare Realty (HR) Executive Chairman David Emery has taken a medical leave.…

CAPIS Morning Note -9/11/19 Chinese Make Nice On Tariffs

Morning Note

Morning Note

posted by CAPIS on 09/11/2019 at 7:28 am
by CAPIS on 09/11/2019

Today is 9/11 and the 18th anniversary. Never Forget. Corporate Actions  IPO News: Peleton (PTON) amends S-1. Sets price range of $26-29 and 40 million shares. IPOs on deck: None of note. IPOs Filed:  None file after the close. Secondaries on deck:  ATUS CDLX NYMT of note. Notes Priced:  BZH HLIT WPX of note. Common Stock filings: BHGE NYMT FFBC TLRY of note. Mixed Shelf Offerings filed: None of note.   Convertible Offering Files: HLIT of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close:  Beat:  RH +0.50, PLAY +0.05, ZA +0.05 of note. Missed: FARM (0.33), GME (0.10) of note. News After The Close: (In time order after the close) United Technologies (UTX) wins $310 million Navy contract. Red Robin Gourmet (RRGB) takeover firm Vintage Capital sends letter on RRGB rejection of deal. Stock Repurchase:  Dividend Increase: PMI Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: LXRX +30% TTOO +26% XERS +5%. Gap Lower: FARM -21% ZS -19% GME -16% PLAY -15% REI -10% BHGE -4%. What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.   S&P 500 +4 Dow Jones Industrial Average +30 NASDAQ +18 Russell 2000 +7. Fair…

Today is 9/11 and the 18th anniversary. Never Forget. Corporate Actions  IPO News: Peleton (PTON) amends S-1. Sets price range of $26-29 and 40 million shares. IPOs on deck: None of note. IPOs Filed:  None file after the close. Secondaries on deck:  ATUS CDLX NYMT of note. Notes Priced:  BZH HLIT WPX of note. Common Stock filings: BHGE NYMT FFBC TLRY of note. Mixed Shelf Offerings filed: None of note.   Convertible Offering Files: HLIT of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close:  Beat:  RH +0.50, PLAY +0.05, ZA +0.05 of note. Missed: FARM (0.33), GME (0.10) of note. News After The Close: (In time order after the close) United Technologies (UTX) wins $310 million Navy contract. Red Robin Gourmet (RRGB) takeover firm Vintage Capital sends letter on RRGB rejection of deal. Stock Repurchase:  Dividend Increase: PMI Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: LXRX +30% TTOO +26% XERS +5%. Gap Lower: FARM -21% ZS -19% GME -16% PLAY -15% REI -10% BHGE -4%. What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.   S&P 500 +4 Dow Jones Industrial Average +30 NASDAQ +18 Russell 2000 +7. Fair…

CAPIS Morning Note -9/10/19 M&A Very Active This Morning (8 Deals)

Morning Note

Morning Note

posted by CAPIS on 09/10/2019 at 7:59 am
by CAPIS on 09/10/2019

Breaking News – Corporate Actions  IPOs on deck: None of note. IPOs Filed:  None file after the close. Secondaries on deck:  HLNI LAUR OHI of note. Notes Priced:  AL of note. Common Stock filings: CDLX PRSC OHI LAUR IMXI AMPY HLNE of note. Mixed Shelf Offerings filed: None of note.   Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: CASY +0.28, AGX +0.04, CTRP +0.03 of note. Missed: PHR -10.29 of note. News After The Close: (In time order after the close) Hawaiian Holdings (HA) saw August traffic up +2.8% year over year with a drop in capacity by -1.9% and load factor up to 88.4%. ICHOR Corporation names Larry Sparks CFO as of 10/7. Ford Motor (F) downgraded by Moody’s to Ba1 from Baa3. VEREIT (VER) settles pending litigation for $765.5 million. Wendy’s (WEN) to offer breakfast in more than 300 restaurants. Will hire 20,000 employees. Lowers earnings but reaffirms guidance. Suncor (SU) to invest $1.4 billion (Canadian) in low carbon power cogeneration at its Oil Sands Bse Plant. Sanderson Farms (SAFM) received a Department of Justice subpoena today regarding the Broiler Chicken Antitrust Litigation. Stock Repurchase: MOS AIRG Dividend Increase:…

Breaking News – Corporate Actions  IPOs on deck: None of note. IPOs Filed:  None file after the close. Secondaries on deck:  HLNI LAUR OHI of note. Notes Priced:  AL of note. Common Stock filings: CDLX PRSC OHI LAUR IMXI AMPY HLNE of note. Mixed Shelf Offerings filed: None of note.   Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: CASY +0.28, AGX +0.04, CTRP +0.03 of note. Missed: PHR -10.29 of note. News After The Close: (In time order after the close) Hawaiian Holdings (HA) saw August traffic up +2.8% year over year with a drop in capacity by -1.9% and load factor up to 88.4%. ICHOR Corporation names Larry Sparks CFO as of 10/7. Ford Motor (F) downgraded by Moody’s to Ba1 from Baa3. VEREIT (VER) settles pending litigation for $765.5 million. Wendy’s (WEN) to offer breakfast in more than 300 restaurants. Will hire 20,000 employees. Lowers earnings but reaffirms guidance. Suncor (SU) to invest $1.4 billion (Canadian) in low carbon power cogeneration at its Oil Sands Bse Plant. Sanderson Farms (SAFM) received a Department of Justice subpoena today regarding the Broiler Chicken Antitrust Litigation. Stock Repurchase: MOS AIRG Dividend Increase:…

CAPIS Morning Note – 9/9/19 AT&T (T) Pops On Activist Stake

Morning Note

Morning Note

posted by CAPIS on 09/09/2019 at 7:56 am
by CAPIS on 09/09/2019

Breaking News – Elliott Associates takes activist stake in AT&T (T) and it is now up 10% this morning. Corporate Actions  IPOs on deck: None of note. IPOs Filed:  ADC Therapeutics (ADCT) files after the close. Secondaries on deck:   None of note. Notes Priced: PNFP of note. Common Stock filings:  DBVT of note. Mixed Shelf Offerings filed: CHMA LYTS of note.   Convertible Offering Files: None of note. Senior Notes Filed: CQP of note. Courtesy of IPO Financial Earnings After The Close:  Beat: None of note. Flat: Missed: None of note. News After The Close: (In time order after the close) Cloud stocks Domo (DOMO), Crowdstrike (CRWD), PagerDuty (PD) and Zoom (ZM) all struggled on Friday indicated the move may be over in these names. Spirit (SAVE) updated guidance due to Hurricane Dorian as 768 flights were cancelled. Rayonier (RYAM) suspends quarterly dividend. Yum China (YUMC) names Ka Wai Andy Yeung as new CFO 10/16. Concrete Pumping (BBCP) lowers guidance and delays earnings by a week to 9/26. Alphabet (GOOGL) received a civil investigative demand on 8/30 from the DOJ requesting information from prior antitrust investigations. Science Applications (SAIC) wins $950 million Defense Logistics Agency contract. New additions to S&P 400 SIGI RGEN FCFS…

Breaking News – Elliott Associates takes activist stake in AT&T (T) and it is now up 10% this morning. Corporate Actions  IPOs on deck: None of note. IPOs Filed:  ADC Therapeutics (ADCT) files after the close. Secondaries on deck:   None of note. Notes Priced: PNFP of note. Common Stock filings:  DBVT of note. Mixed Shelf Offerings filed: CHMA LYTS of note.   Convertible Offering Files: None of note. Senior Notes Filed: CQP of note. Courtesy of IPO Financial Earnings After The Close:  Beat: None of note. Flat: Missed: None of note. News After The Close: (In time order after the close) Cloud stocks Domo (DOMO), Crowdstrike (CRWD), PagerDuty (PD) and Zoom (ZM) all struggled on Friday indicated the move may be over in these names. Spirit (SAVE) updated guidance due to Hurricane Dorian as 768 flights were cancelled. Rayonier (RYAM) suspends quarterly dividend. Yum China (YUMC) names Ka Wai Andy Yeung as new CFO 10/16. Concrete Pumping (BBCP) lowers guidance and delays earnings by a week to 9/26. Alphabet (GOOGL) received a civil investigative demand on 8/30 from the DOJ requesting information from prior antitrust investigations. Science Applications (SAIC) wins $950 million Defense Logistics Agency contract. New additions to S&P 400 SIGI RGEN FCFS…

CAPIS Morning Note -9/6/19 August Jobs 130K Versus Estimates of 150K

Morning Note

Morning Note

posted by CAPIS on 09/06/2019 at 7:57 am
by CAPIS on 09/06/2019

Breaking News – New York Attorney General looking into Antitrust Violations on Facebook (FB). Corporate Actions  IPOs on deck: None of note. IPOs Filed:  No filings after the close. Secondaries on deck: AM CCC IRTC LPT OCX QURE TPTX WMS  of note. Notes Priced:   TLND of note. Common Stock filings: LPT  of note. Mixed Shelf Offerings filed: TGTX of note.   Convertible Offering Files:   of note. Senior Notes Filed: of note. Courtesy of IPO Financial Earnings After The Close:  Beat: ZUMZ +0.17, MDLA +0.09, SAIC +0.07, ZM +0.07, LULU +0.07, GWRE +0.06, CRWD +0.05, NX +0.05, DOMO +0.03, PD +0.03, ABM +0.02 of note. Flat: CVGW Missed: CDMO (0.06), FIZZ (0.03), DOCU (0.03), KFY (0.01) of note. News After The Close: (In time order after the close) John Burkart named COO at Essex Property (ESS). Costco (COST) sees August total comparable stock sales +5.5% versus July. Maurice Cooper leaves Wingstop (WING) as EVP and Chief Growth & Experience Officer. Mosaic (MOS) announces that Araxa and Tapira mines go back into operation. U.S Treasury submits housing reform plan to the president. Impacts Fannie Mae/Freddie Mac (FMCC). Stamps.com (STMP) starts new GlobalPost international shipping services which may stop fears about U.S. Postal Services  international disruptions. Stock Repurchase: SBSI…

Breaking News – New York Attorney General looking into Antitrust Violations on Facebook (FB). Corporate Actions  IPOs on deck: None of note. IPOs Filed:  No filings after the close. Secondaries on deck: AM CCC IRTC LPT OCX QURE TPTX WMS  of note. Notes Priced:   TLND of note. Common Stock filings: LPT  of note. Mixed Shelf Offerings filed: TGTX of note.   Convertible Offering Files:   of note. Senior Notes Filed: of note. Courtesy of IPO Financial Earnings After The Close:  Beat: ZUMZ +0.17, MDLA +0.09, SAIC +0.07, ZM +0.07, LULU +0.07, GWRE +0.06, CRWD +0.05, NX +0.05, DOMO +0.03, PD +0.03, ABM +0.02 of note. Flat: CVGW Missed: CDMO (0.06), FIZZ (0.03), DOCU (0.03), KFY (0.01) of note. News After The Close: (In time order after the close) John Burkart named COO at Essex Property (ESS). Costco (COST) sees August total comparable stock sales +5.5% versus July. Maurice Cooper leaves Wingstop (WING) as EVP and Chief Growth & Experience Officer. Mosaic (MOS) announces that Araxa and Tapira mines go back into operation. U.S Treasury submits housing reform plan to the president. Impacts Fannie Mae/Freddie Mac (FMCC). Stamps.com (STMP) starts new GlobalPost international shipping services which may stop fears about U.S. Postal Services  international disruptions. Stock Repurchase: SBSI…

CAPIS Morning Note – 9/5/19 U.S. & China Will Meet In October, Futures Rip Higher

Morning Note

Morning Note

posted by CAPIS on 09/05/2019 at 7:56 am
by CAPIS on 09/05/2019

Are You Ready For Some Football? – The Green Bay Packers and the Chicago Bears kick off the NFL’s 100th Season tonight. Corporate Actions  IPOs on deck: None of note. IPOs Filed:  No filings after the close. Secondaries on deck: ADUS LXP CDAY NNN APPN GMS  of note. Notes Priced:  MPLX AERI OKTA of note. Common Stock filings: QURE NNN LXP IRTC CDAY NEE GMS APPN of note. Mixed Shelf Offerings filed: ATVI IRTC ORGO of note.   Convertible Offering Files:  NVTA TLND Z of note. Senior Notes Filed: of note. Courtesy of IPO Financial Earnings After The Close:  Beat: AVAV +0.40, CLDR +0.08, SMAR +0.08, PANW +0.05, WORK +0.04, HOME +0.03, PVTL +0.03, CPRT +0.02, MDB +0.02, DSGX +0.02, VRNT +0.02, DT +0.01 of note. Missed: REVG (0.22) of note. News After The Close: (In time order after the close) Marketaxess (MKTX) reports August trading volume of $172.8 billion versus $179.8 billion. Spruce Point Capital to issue a Strong Sell on a broadly owned megacap stock. Welltower (WELL) names Tim McHugh CFO. Acuity Brands (AYI) names Richard Reece as President and Karen Holcom as CFO on 9/1. NASDAQ reports U.S. equity options volume rose to 157 million from 143 million in July and…

Are You Ready For Some Football? – The Green Bay Packers and the Chicago Bears kick off the NFL’s 100th Season tonight. Corporate Actions  IPOs on deck: None of note. IPOs Filed:  No filings after the close. Secondaries on deck: ADUS LXP CDAY NNN APPN GMS  of note. Notes Priced:  MPLX AERI OKTA of note. Common Stock filings: QURE NNN LXP IRTC CDAY NEE GMS APPN of note. Mixed Shelf Offerings filed: ATVI IRTC ORGO of note.   Convertible Offering Files:  NVTA TLND Z of note. Senior Notes Filed: of note. Courtesy of IPO Financial Earnings After The Close:  Beat: AVAV +0.40, CLDR +0.08, SMAR +0.08, PANW +0.05, WORK +0.04, HOME +0.03, PVTL +0.03, CPRT +0.02, MDB +0.02, DSGX +0.02, VRNT +0.02, DT +0.01 of note. Missed: REVG (0.22) of note. News After The Close: (In time order after the close) Marketaxess (MKTX) reports August trading volume of $172.8 billion versus $179.8 billion. Spruce Point Capital to issue a Strong Sell on a broadly owned megacap stock. Welltower (WELL) names Tim McHugh CFO. Acuity Brands (AYI) names Richard Reece as President and Karen Holcom as CFO on 9/1. NASDAQ reports U.S. equity options volume rose to 157 million from 143 million in July and…

CAPIS Morning Note -9/4/19. Hong Kong Kills Extradition Bill, Markets Rally

Morning Note

Morning Note

posted by CAPIS on 09/04/2019 at 7:54 am
by CAPIS on 09/04/2019

Breaking News -Starbucks (SBUX) lowers EPS Growth under +10% for 2020 fiscal year at Goldman Sachs Retailing Conference. Stock down -3%. Corporate Actions  IPOs on deck: None of note. IPOs Filed:  No filings after the close. Secondaries on deck: RWT PRAH QSR of note. Notes Priced:   PSXP of note. Common Stock filings:   WMS TPTX ADUS RWT PRAH of note. Mixed Shelf Offerings filed:  ADUS of note.   Convertible Offering Files:  OKTA AERI  ECPG of note. Senior Notes Filed: MUSA of note. Courtesy of IPO Financial Earnings After The Close:  Beat: COUP +0.18 HQY +0.10  of note. Missed: GSM -0.03 of note. News After The Close: (In time order after the close) Scientific Games (SGMS) chosen to supply lottery instant games to Turkey. Starboard takes 7.5% stake in Box (BOX) and it rises 7%. Unifi (UFI) names Craigs Creaturo as EVP & CFO as of 9/9. Federal Reserve St. Louis President James Bullard says the Fed needs to cut by 50 basis points. Leidos (LDOS) wins $445 million Air Force contract. Lumber Liquidators (LL) moves higher as former CEO Thomas Sullivan’s F9 Investments ammends filing to seek options for the company. Federal Reserve Boston President Eric Rosengren spoke against more rate cuts.…

Breaking News -Starbucks (SBUX) lowers EPS Growth under +10% for 2020 fiscal year at Goldman Sachs Retailing Conference. Stock down -3%. Corporate Actions  IPOs on deck: None of note. IPOs Filed:  No filings after the close. Secondaries on deck: RWT PRAH QSR of note. Notes Priced:   PSXP of note. Common Stock filings:   WMS TPTX ADUS RWT PRAH of note. Mixed Shelf Offerings filed:  ADUS of note.   Convertible Offering Files:  OKTA AERI  ECPG of note. Senior Notes Filed: MUSA of note. Courtesy of IPO Financial Earnings After The Close:  Beat: COUP +0.18 HQY +0.10  of note. Missed: GSM -0.03 of note. News After The Close: (In time order after the close) Scientific Games (SGMS) chosen to supply lottery instant games to Turkey. Starboard takes 7.5% stake in Box (BOX) and it rises 7%. Unifi (UFI) names Craigs Creaturo as EVP & CFO as of 9/9. Federal Reserve St. Louis President James Bullard says the Fed needs to cut by 50 basis points. Leidos (LDOS) wins $445 million Air Force contract. Lumber Liquidators (LL) moves higher as former CEO Thomas Sullivan’s F9 Investments ammends filing to seek options for the company. Federal Reserve Boston President Eric Rosengren spoke against more rate cuts.…

CAPIS Morning Note -9/3/19 Hurricane Dorian Stalls & Moves To a Category 3

Morning Note

Morning Note

posted by CAPIS on 09/03/2019 at 7:56 am
by CAPIS on 09/03/2019

Corporate Actions  IPOs on deck: None of note. IPOs Filed:  SmileDirectClub files updated IPO after the close. Secondaries on deck: None of note. Notes Priced:   None of note. Common Stock filings:  RESN LYV of note. Mixed Shelf Offerings filed:  SNDX TGTX FOCS MUSA IOVA BY  of note.   Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: None of note. Missed: None of note. News After The Close: (In time order after the close) Moody’s downgrades Argentina to Caa2 from B2, U.S. New Tariffs against China went into effect on Sunday morning. China only put in place 1/3 of the potential tariffs they could have against the U.S. China has appealed to the World Trade Organization over the latest tariffs from the U.S. Stock Repurchase: ZYNE MTCH.  Dividend Increase: CLF of note. Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: MDCO +17%, EGO +5%, DRD +4%.  Gap Lower: AKS -4%, CLF -4%. What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.   U.S. futures: S&P -17 Dow Jones -181  NDX  -47  and Russell 2000 -13  with fair values higher cutting into gains on the open. Asia mixed and Europe lower click…

Corporate Actions  IPOs on deck: None of note. IPOs Filed:  SmileDirectClub files updated IPO after the close. Secondaries on deck: None of note. Notes Priced:   None of note. Common Stock filings:  RESN LYV of note. Mixed Shelf Offerings filed:  SNDX TGTX FOCS MUSA IOVA BY  of note.   Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: None of note. Missed: None of note. News After The Close: (In time order after the close) Moody’s downgrades Argentina to Caa2 from B2, U.S. New Tariffs against China went into effect on Sunday morning. China only put in place 1/3 of the potential tariffs they could have against the U.S. China has appealed to the World Trade Organization over the latest tariffs from the U.S. Stock Repurchase: ZYNE MTCH.  Dividend Increase: CLF of note. Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: MDCO +17%, EGO +5%, DRD +4%.  Gap Lower: AKS -4%, CLF -4%. What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.   U.S. futures: S&P -17 Dow Jones -181  NDX  -47  and Russell 2000 -13  with fair values higher cutting into gains on the open. Asia mixed and Europe lower click…

CAPIS Morning Note – 8/29/19 China Makes Nice

Morning Note

Morning Note

posted by CAPIS on 08/29/2019 at 7:59 am
by CAPIS on 08/29/2019

There will be no production tomorrow as getting an early start on Labor Day weekend. Have a great Labor Day! Corporate Actions – This is typically one of the slowest weeks of the year. IPOs on deck: None of note. IPOs Filed:  after the close. Secondaries on deck:  of note. Notes Priced:   None of note. Common Stock filings:  of note. Mixed Shelf Offerings filed: MSBI of note.   Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: PVH +0.21, TLYS +0.10, ESTC +0.10, GES +0.09, GEF +0.08, NTNX +0.07, ZUO +0.05, OKTA +0.05, MTRX +0.05, WSM +0.04, HRB +0.03, SMTC +0.02, FIVE +0.01, SCVL +0.01, SPWH +0.01, BOX +0.01  of note. Missed: OLLI (0.11), GTBIF (0.07) of note. News After The Close: (In time order after the close) Reata Pharmaceuticals (RETA) names Manmeet Soni as CFO immediately. SP Plus (SP) names Kristopher Roy as CFO. Limoneira (LMNR) lowers guidance for Q3 and FY 2019. Rambus (RMBS) names Sean Fan as COO. Democratic Presidential Candidate Senator Kirsten Gillibrand withdrew from the race. Forever 21 which is not public plans to file for bankruptcy. Norfolk Southern (NSC) names Mark George as CFO as…

There will be no production tomorrow as getting an early start on Labor Day weekend. Have a great Labor Day! Corporate Actions – This is typically one of the slowest weeks of the year. IPOs on deck: None of note. IPOs Filed:  after the close. Secondaries on deck:  of note. Notes Priced:   None of note. Common Stock filings:  of note. Mixed Shelf Offerings filed: MSBI of note.   Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: PVH +0.21, TLYS +0.10, ESTC +0.10, GES +0.09, GEF +0.08, NTNX +0.07, ZUO +0.05, OKTA +0.05, MTRX +0.05, WSM +0.04, HRB +0.03, SMTC +0.02, FIVE +0.01, SCVL +0.01, SPWH +0.01, BOX +0.01  of note. Missed: OLLI (0.11), GTBIF (0.07) of note. News After The Close: (In time order after the close) Reata Pharmaceuticals (RETA) names Manmeet Soni as CFO immediately. SP Plus (SP) names Kristopher Roy as CFO. Limoneira (LMNR) lowers guidance for Q3 and FY 2019. Rambus (RMBS) names Sean Fan as COO. Democratic Presidential Candidate Senator Kirsten Gillibrand withdrew from the race. Forever 21 which is not public plans to file for bankruptcy. Norfolk Southern (NSC) names Mark George as CFO as…

CAPIS Morning Note – 8/28/19 Bond Yields Continue To Fall.

Morning Note

Morning Note

posted by CAPIS on 08/28/2019 at 7:58 am
by CAPIS on 08/28/2019

Corporate Actions – This is typically one of the slowest weeks of the year. IPOs on deck: None of note. IPOs Filed:  Peleton (PTON) after the close. Secondaries on deck:  of note. Notes Priced:   None of note. Common Stock filings:  KDP of note. Mixed Shelf Offerings filed: KDP BBT of note.   Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: LCI +0.16, VEEV +0.06, HPE +0.05, HEI +0.05, ADSK +0.04, OOMA +0.02 of note. Missed: PAHC (0.03), PSEC (0.02) of note. News After The Close: (In time order after the close) Gray Television (GTN) reaches deal with Fox (FOXA) to extend or renew service in 21 markets. Lumber Liquidators (LL) had network security incident but did not disclose damage. Stock Repurchase:   EVC YJ. Dividend Increase:  KBAL of note. Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: LCI +30% DY +6% HPE +6%. Gap Lower: PAHC -25% ADSK -12%. What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.   U.S. futures: S&P -9  Dow Jones -73  NDX  -32  and Russell 2000 -5.60 with fair values lower adding to gains on the open. Asia…

Corporate Actions – This is typically one of the slowest weeks of the year. IPOs on deck: None of note. IPOs Filed:  Peleton (PTON) after the close. Secondaries on deck:  of note. Notes Priced:   None of note. Common Stock filings:  KDP of note. Mixed Shelf Offerings filed: KDP BBT of note.   Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: LCI +0.16, VEEV +0.06, HPE +0.05, HEI +0.05, ADSK +0.04, OOMA +0.02 of note. Missed: PAHC (0.03), PSEC (0.02) of note. News After The Close: (In time order after the close) Gray Television (GTN) reaches deal with Fox (FOXA) to extend or renew service in 21 markets. Lumber Liquidators (LL) had network security incident but did not disclose damage. Stock Repurchase:   EVC YJ. Dividend Increase:  KBAL of note. Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: LCI +30% DY +6% HPE +6%. Gap Lower: PAHC -25% ADSK -12%. What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.   U.S. futures: S&P -9  Dow Jones -73  NDX  -32  and Russell 2000 -5.60 with fair values lower adding to gains on the open. Asia…

CAPIS Morning Note – 8/27/19 Finally A Quiet Morning, Enjoy!

Morning Note

Morning Note

posted by CAPIS on 08/27/2019 at 7:20 am
by CAPIS on 08/27/2019

Corporate Actions IPOs on deck: None of note. IPOs Filed:  None of note this morning. Secondaries on deck:  COLD of note. Notes Priced:   None of note. Common Stock filings:  None of note. Mixed Shelf Offerings filed:   Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: BILI +0.08, CAL +0.04, SXI +0.02 of note. Missed:  None of note. News After The Close: (In time order after the close) Johnson & Johnson (JNJ) loses Opiod trial in Oklahoma with verdict of $572 million. Will appeal. Trinseo (TSE) to replace WageWorks (WAGE) in the S&P SmallCap 600 as of 8/30. Stock Repurchase:   . Dividend Increase:   PE (first time dividend) of note. Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: SXI +14% CAL +10% TSE +8% RRD +4%. Gap Lower: None of note. What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.   U.S. futures: S&P +7  Dow Jones +77  NDX +26  and Russell 2000 +5.25 with fair values lower adding to gains on the open. Asia and Europe mixed, click through for details by country. Gold,  silver and copper higher. WTI Crude Oil and Brent Oil…

Corporate Actions IPOs on deck: None of note. IPOs Filed:  None of note this morning. Secondaries on deck:  COLD of note. Notes Priced:   None of note. Common Stock filings:  None of note. Mixed Shelf Offerings filed:   Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: BILI +0.08, CAL +0.04, SXI +0.02 of note. Missed:  None of note. News After The Close: (In time order after the close) Johnson & Johnson (JNJ) loses Opiod trial in Oklahoma with verdict of $572 million. Will appeal. Trinseo (TSE) to replace WageWorks (WAGE) in the S&P SmallCap 600 as of 8/30. Stock Repurchase:   . Dividend Increase:   PE (first time dividend) of note. Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: SXI +14% CAL +10% TSE +8% RRD +4%. Gap Lower: None of note. What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.   U.S. futures: S&P +7  Dow Jones +77  NDX +26  and Russell 2000 +5.25 with fair values lower adding to gains on the open. Asia and Europe mixed, click through for details by country. Gold,  silver and copper higher. WTI Crude Oil and Brent Oil…

CAPIS Morning Note – 8/26/19 Trade Talks Move Off The Cliff

Morning Note

Morning Note

posted by CAPIS on 08/26/2019 at 7:36 am
by CAPIS on 08/26/2019

Corporate Actions IPOs on deck: None of note. IPOs Filed:  None of note this morning. Secondaries on deck:  None of note. Notes Priced:   None of note. Common Stock filings:  None of note. Mixed Shelf Offerings filed:   Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: None of note. Missed: None of note. News After The Close: (In time order after the close) Federal Reserve Vice Chairman Richard Clarida was interviewed on CNBC and note trade policy is “dampening investment,economic activity”. Qualcomm (QCOM) Interim CFO David Wise immediately and names another interim CFO Akash Palkhiwla. President Trump increases 10/1 tariffs on China to 30% from 25%.  10% rate on 9/1 goes t0 15%. President Trump tweets that he could declare a national emergency against China under the International Emergency Economic Powers Act of 1977. Lockheed Martin (LMT) wins $2.3 billion Navy contract. General Dynamics (GD) wins a $1.1 billion Navy contract and this morning a $1.6 billion contract. Raytheon (RTN) wins $530 million Army contract. French President Macron invited Iran’s Foreign Minister to the G-7, President Trump refuses to comment on that. Former Congressman Joe Walsh to challenge President Trump in…

Corporate Actions IPOs on deck: None of note. IPOs Filed:  None of note this morning. Secondaries on deck:  None of note. Notes Priced:   None of note. Common Stock filings:  None of note. Mixed Shelf Offerings filed:   Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: None of note. Missed: None of note. News After The Close: (In time order after the close) Federal Reserve Vice Chairman Richard Clarida was interviewed on CNBC and note trade policy is “dampening investment,economic activity”. Qualcomm (QCOM) Interim CFO David Wise immediately and names another interim CFO Akash Palkhiwla. President Trump increases 10/1 tariffs on China to 30% from 25%.  10% rate on 9/1 goes t0 15%. President Trump tweets that he could declare a national emergency against China under the International Emergency Economic Powers Act of 1977. Lockheed Martin (LMT) wins $2.3 billion Navy contract. General Dynamics (GD) wins a $1.1 billion Navy contract and this morning a $1.6 billion contract. Raytheon (RTN) wins $530 million Army contract. French President Macron invited Iran’s Foreign Minister to the G-7, President Trump refuses to comment on that. Former Congressman Joe Walsh to challenge President Trump in…

CAPIS Morning Note – 8/23/19 China Ups Its Tariffs, Powell Speaks at 10:00 A.M. EDT

Morning Note

Morning Note

posted by CAPIS on 08/23/2019 at 7:44 am
by CAPIS on 08/23/2019

Breaking News – China will retaliate with tariffs on U.S. Goods as of September 1st. (CNBC) Corporate Actions IPOs on deck: None of note. IPOs Filed:  None of note this morning. Secondaries on deck:  None of note. Notes Priced:   None of note. Common Stock filings:  None of note. Mixed Shelf Offerings filed:  SUN  Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: CRM +0.19 HCAT +0.11 GPS +0.10 VMW +0.05 INTU +0.05 HPQ +0.03 ROST +0.02 ATGE +0.01 of note. Missed: None of note. Still to Report: None of note. News After The Close: (In time order after the close) Teri Bariquit named Chief Merchandising Officer at Nordstrom (JWN). Hewlett Packard (HPQ) names Enrique Lores to succeed Dion Weisler as CEO effective 11/1. Stock Repurchase:   . Dividend Increase:  TFSL DDS of note. Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: HIBB +9% PVTL +8% CRM +7% CBLK +6% DVAX +6% FRO +6% INTU +5%  Gap Lower: FL -12% HPQ -8% VMW -5% HAS -4% What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  Futures were higher until China…

Breaking News – China will retaliate with tariffs on U.S. Goods as of September 1st. (CNBC) Corporate Actions IPOs on deck: None of note. IPOs Filed:  None of note this morning. Secondaries on deck:  None of note. Notes Priced:   None of note. Common Stock filings:  None of note. Mixed Shelf Offerings filed:  SUN  Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: CRM +0.19 HCAT +0.11 GPS +0.10 VMW +0.05 INTU +0.05 HPQ +0.03 ROST +0.02 ATGE +0.01 of note. Missed: None of note. Still to Report: None of note. News After The Close: (In time order after the close) Teri Bariquit named Chief Merchandising Officer at Nordstrom (JWN). Hewlett Packard (HPQ) names Enrique Lores to succeed Dion Weisler as CEO effective 11/1. Stock Repurchase:   . Dividend Increase:  TFSL DDS of note. Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: HIBB +9% PVTL +8% CRM +7% CBLK +6% DVAX +6% FRO +6% INTU +5%  Gap Lower: FL -12% HPQ -8% VMW -5% HAS -4% What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  Futures were higher until China…

CAPIS Morning Note – 8/22/19 Jackson Hole Symposium Starts Today

Morning Note

Morning Note

posted by CAPIS on 08/22/2019 at 7:53 am
by CAPIS on 08/22/2019

Corporate Actions IPOs on deck: None of note. IPOs Filed:  None of note this morning. Secondaries on deck:  AVGR AVLR of note. Notes Priced:   None of note. Common Stock filings: of note. Mixed Shelf Offerings filed:  MXIM of note. Convertible Offering Files:  of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close:  Beat:  WUBA +0.77 KEYS +0.23 SPLK +0.18 JWN +0.13 ZAYO +0.11 SNPS +0.08 PSTG +0.05 LB +0.04 of note. Missed:  QADA -0.65 HTHT -0.11 of note. Still to Report:  of note. News After The Close: (In time order after the close) Perkin & Elmer (PKI) CEO and Chairman Robert Friehl to retire end of year and COO Prahlad Singh named next CEO. SolarEdge Techologies (SEDG) announced a leave of absence for CEO and founder Guy Sella, namesZvi Lando as Acting CEO. Raymond James (RJF) sees clients assets up 8% year over year. Fiesta Restaurant (FRGI) names Dirck Montgomery CFO. Boeing (BA) wins $1 billion Air Force contract. Pinnacle West (PNW) Chairman/CEO/President Don Brandt to retire 11/15. Stock Repurchase:   . Dividend Increase: CBU AFG  of note. Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: GSX +11%, DKS +10%, KEYS +10%, JWN +9%, SGRY +8%, ZAGG +7%, FLWS +6%, BJ +5% Gap Lower: SQM –9%, QADA -8%, SPLK -4% What’s Happening This Morning: Futures value reflects the…

Corporate Actions IPOs on deck: None of note. IPOs Filed:  None of note this morning. Secondaries on deck:  AVGR AVLR of note. Notes Priced:   None of note. Common Stock filings: of note. Mixed Shelf Offerings filed:  MXIM of note. Convertible Offering Files:  of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close:  Beat:  WUBA +0.77 KEYS +0.23 SPLK +0.18 JWN +0.13 ZAYO +0.11 SNPS +0.08 PSTG +0.05 LB +0.04 of note. Missed:  QADA -0.65 HTHT -0.11 of note. Still to Report:  of note. News After The Close: (In time order after the close) Perkin & Elmer (PKI) CEO and Chairman Robert Friehl to retire end of year and COO Prahlad Singh named next CEO. SolarEdge Techologies (SEDG) announced a leave of absence for CEO and founder Guy Sella, namesZvi Lando as Acting CEO. Raymond James (RJF) sees clients assets up 8% year over year. Fiesta Restaurant (FRGI) names Dirck Montgomery CFO. Boeing (BA) wins $1 billion Air Force contract. Pinnacle West (PNW) Chairman/CEO/President Don Brandt to retire 11/15. Stock Repurchase:   . Dividend Increase: CBU AFG  of note. Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: GSX +11%, DKS +10%, KEYS +10%, JWN +9%, SGRY +8%, ZAGG +7%, FLWS +6%, BJ +5% Gap Lower: SQM –9%, QADA -8%, SPLK -4% What’s Happening This Morning: Futures value reflects the…

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