Morning Note

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CAPIS Morning Note – 12/18/20: Is a Government Shutdown Ahead For The Weekend?

Morning Note

Morning Note

posted by CAPIS on 12/18/2020 at 7:52 am
by CAPIS on 12/18/2020

Market Tone:  Can we hold above 3700 on the S&P 500 and move to 3800 by year end? Tesla Impact: Telsa (TSLA) will join the S&P 500 on Monday but may impact trading this afternoon. Expect the unexpected. (WSJ) Covid-19 Statistics:  Total Cases 17,004,147 from 16,762,527 Deaths 302,261 from 298,823 New Tests 1,873,340 from 1,791,968 New Cases 241,620 from 232,258 with positivity rate of 12.8% (down 0.1) Daily Deaths 3,438 Current Hospitalizations 114,237 from 113,090 Capital Raises: IPOs Priced: 908 Devices (MASS) priced at $20 above range of $18 to $19. Secondaries Priced:   None of note. Notes Priced of note: None of note. Common Stock filings: EGLE AHCO of note. Selling Shareholders of note: None of note. Mixed Shelf Offerings:  TGI of note. Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beats: FDX +0.84, AIR +0.14, SCS +0.05, BB +0.03 Flat: Misses: SCHL (0.23) News After The Close (sorted by time starting at the close): Amgen (AMGN) gets approval for RIABNI. Texas Roadhouse (TXRH) names Jerry Morgan as President. SolarWinds (SWI) updates 8-K on cyber attack. FDA Advisory Panel vote 20-0 in favor of Moderna (MRNA) vaccine. VEREIT (VER) completes a 1:5 split, effective today. Honeywell…

Market Tone:  Can we hold above 3700 on the S&P 500 and move to 3800 by year end? Tesla Impact: Telsa (TSLA) will join the S&P 500 on Monday but may impact trading this afternoon. Expect the unexpected. (WSJ) Covid-19 Statistics:  Total Cases 17,004,147 from 16,762,527 Deaths 302,261 from 298,823 New Tests 1,873,340 from 1,791,968 New Cases 241,620 from 232,258 with positivity rate of 12.8% (down 0.1) Daily Deaths 3,438 Current Hospitalizations 114,237 from 113,090 Capital Raises: IPOs Priced: 908 Devices (MASS) priced at $20 above range of $18 to $19. Secondaries Priced:   None of note. Notes Priced of note: None of note. Common Stock filings: EGLE AHCO of note. Selling Shareholders of note: None of note. Mixed Shelf Offerings:  TGI of note. Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beats: FDX +0.84, AIR +0.14, SCS +0.05, BB +0.03 Flat: Misses: SCHL (0.23) News After The Close (sorted by time starting at the close): Amgen (AMGN) gets approval for RIABNI. Texas Roadhouse (TXRH) names Jerry Morgan as President. SolarWinds (SWI) updates 8-K on cyber attack. FDA Advisory Panel vote 20-0 in favor of Moderna (MRNA) vaccine. VEREIT (VER) completes a 1:5 split, effective today. Honeywell…

CAPIS Morning Note – 12/17/20: FDA to Approve Moderna Vaccine Today. Stimulus Deal Today?

Morning Note

Morning Note

posted by CAPIS on 12/17/2020 at 7:29 am
by CAPIS on 12/17/2020

Market Tone:  Can we hold above 3700 on the S&P 500 and move to 3800 by year end? Covid-19 Statistics:  Total Cases 16,762,527 from 16,529,187 Deaths 298,823 from 295,322 New Tests 1,791,968 from 1,742,813 New Cases 232,258 from 189,783 with positivity rate of 12.9% (up 2.1) Daily Deaths 3,448 Current Hospitalizations 113,090 from 112,816 Capital Raises: IPOs Priced:  Secondaries Priced: PHAT  of note. Notes Priced of note: None of note. Common Stock filings: IIIV DMYT of note. Selling Shareholders of note: ESGC of note. Mixed Shelf Offerings:  HAFC  LQDA of note. Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beats: LEN +0.76, MLHR +0.32 Flat:  none Misses: ABM (0.01) News After The Close (sorted by time starting at the close): IBM names CEO Arvind Krishna as its Chairman. Roku (ROKU) adds HBO Max which is owned by AT&T (T) to its platform. RR Donnelley (RRD) denies it may sell it printing and packaging business in the Asia Pacific. Schneider (SNDR) to raise driver pay at start of 2021. Apparently, more state attorney generals will file anticompetitive behavior charges against Alphabet ‘s Google (GOOGL) per Reuters. Dividend Increase:  NRZ AMGN KRG CHCO Raises Guidance:  Lowers Guidance: BE …

Market Tone:  Can we hold above 3700 on the S&P 500 and move to 3800 by year end? Covid-19 Statistics:  Total Cases 16,762,527 from 16,529,187 Deaths 298,823 from 295,322 New Tests 1,791,968 from 1,742,813 New Cases 232,258 from 189,783 with positivity rate of 12.9% (up 2.1) Daily Deaths 3,448 Current Hospitalizations 113,090 from 112,816 Capital Raises: IPOs Priced:  Secondaries Priced: PHAT  of note. Notes Priced of note: None of note. Common Stock filings: IIIV DMYT of note. Selling Shareholders of note: ESGC of note. Mixed Shelf Offerings:  HAFC  LQDA of note. Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beats: LEN +0.76, MLHR +0.32 Flat:  none Misses: ABM (0.01) News After The Close (sorted by time starting at the close): IBM names CEO Arvind Krishna as its Chairman. Roku (ROKU) adds HBO Max which is owned by AT&T (T) to its platform. RR Donnelley (RRD) denies it may sell it printing and packaging business in the Asia Pacific. Schneider (SNDR) to raise driver pay at start of 2021. Apparently, more state attorney generals will file anticompetitive behavior charges against Alphabet ‘s Google (GOOGL) per Reuters. Dividend Increase:  NRZ AMGN KRG CHCO Raises Guidance:  Lowers Guidance: BE …

CAPIS Morning Note – 12/16/20: Stimulus Deal Getting Close And Federal Reserve Announcement This Afternoon

Morning Note

Morning Note

posted by CAPIS on 12/16/2020 at 7:51 am
by CAPIS on 12/16/2020

Breaking News: Stimulus Bill near at hand, will not include state funding or liability protection. (Politico) Covid-19 Statistics:  Total Cases 16,529,187 from 16,339,404 Deaths 295,322 from 292,404 New Tests 1,742,813 from 2,159,478 New Cases 189,783 from 193,384 with positivity rate of 10.8% 8.9% (up 1.9) Daily Deaths 2,918 Current Hospitalizations 112,816 from 110,549 Capital Raises: IPOs Priced: None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: PHAT SHSP NFE GLSI of note. Selling Shareholders of note: None of note. Mixed Shelf Offerings:LNT CYRX CTK IQ of note. Convertible Offering Files: DISH COKE IQ of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beats: NDSN +0.06 Flat:  none Misses: none News After The Close (sorted by time starting at the close): Ring Central (RNG) launches free smart video meetings. Negative for Zoom (ZM). Oshkosh (OSK) to buy Pratt Miller for $115 million. GoDaddy (GDDY) to buy Poynt for $320 million in cash. Tilray (TLRY) and Aphria (APHA) may combine forces. IBM buys Expertus Technologies as they move into hybrid cloud digital payments. Marriott (MAR) cuts 800 jobs at Times Square Hotel. (NY Post) Google (GOOGL) still having Gmail issues. A day…

Breaking News: Stimulus Bill near at hand, will not include state funding or liability protection. (Politico) Covid-19 Statistics:  Total Cases 16,529,187 from 16,339,404 Deaths 295,322 from 292,404 New Tests 1,742,813 from 2,159,478 New Cases 189,783 from 193,384 with positivity rate of 10.8% 8.9% (up 1.9) Daily Deaths 2,918 Current Hospitalizations 112,816 from 110,549 Capital Raises: IPOs Priced: None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: PHAT SHSP NFE GLSI of note. Selling Shareholders of note: None of note. Mixed Shelf Offerings:LNT CYRX CTK IQ of note. Convertible Offering Files: DISH COKE IQ of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beats: NDSN +0.06 Flat:  none Misses: none News After The Close (sorted by time starting at the close): Ring Central (RNG) launches free smart video meetings. Negative for Zoom (ZM). Oshkosh (OSK) to buy Pratt Miller for $115 million. GoDaddy (GDDY) to buy Poynt for $320 million in cash. Tilray (TLRY) and Aphria (APHA) may combine forces. IBM buys Expertus Technologies as they move into hybrid cloud digital payments. Marriott (MAR) cuts 800 jobs at Times Square Hotel. (NY Post) Google (GOOGL) still having Gmail issues. A day…

CAPIS Morning Note – 12/15/20: Futures Higher For A Second Day, Will It Hold?

Morning Note

Morning Note

posted by CAPIS on 12/15/2020 at 7:47 am
by CAPIS on 12/15/2020

Covid-19 Statistics:  Total Cases 16,339,404 from 16,143,319 Deaths 292,404 from 291,017 New Tests 2,159,478 from 1,750,082 New Cases 193,384 from 186,884 with positivity rate of 8.9% (down 1.7) Daily Deaths 1,358 Current Hospitalizations 110,549 from 109,331 Capital Raises: IPOs Priced: None of note. Secondaries Priced: TGTX MIRM EAF of note. Notes Priced of note: ZNGA of note. Common Stock filings: ARVN OCUL CLLS CSTL of note. Selling Shareholders of note: None of note. Mixed Shelf Offerings: None of note. Convertible Offering Files: MTN of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beats: none Flat:  none Misses: none News After The Close (sorted by time starting at the close): President-Elect Joe Biden goes above 270 votes from the Electoral College. Lights out for Trump unless on January 6th a vote takes place in Congress which seems unlikely. Attorney General William Barr will resign with his last day on December 23rd. President-Elect Biden delivered a national address to the country lambasting President Trump for refusing to acknowledge election results. Dividend Increase: AEIS IIPR LLY PGRE RC WM    Raises Guidance:   Lowers Guidance:  Stock Buyback New Or Increase: BSX WM What’s Happening This Morning: Futures value reflects the change…

Covid-19 Statistics:  Total Cases 16,339,404 from 16,143,319 Deaths 292,404 from 291,017 New Tests 2,159,478 from 1,750,082 New Cases 193,384 from 186,884 with positivity rate of 8.9% (down 1.7) Daily Deaths 1,358 Current Hospitalizations 110,549 from 109,331 Capital Raises: IPOs Priced: None of note. Secondaries Priced: TGTX MIRM EAF of note. Notes Priced of note: ZNGA of note. Common Stock filings: ARVN OCUL CLLS CSTL of note. Selling Shareholders of note: None of note. Mixed Shelf Offerings: None of note. Convertible Offering Files: MTN of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beats: none Flat:  none Misses: none News After The Close (sorted by time starting at the close): President-Elect Joe Biden goes above 270 votes from the Electoral College. Lights out for Trump unless on January 6th a vote takes place in Congress which seems unlikely. Attorney General William Barr will resign with his last day on December 23rd. President-Elect Biden delivered a national address to the country lambasting President Trump for refusing to acknowledge election results. Dividend Increase: AEIS IIPR LLY PGRE RC WM    Raises Guidance:   Lowers Guidance:  Stock Buyback New Or Increase: BSX WM What’s Happening This Morning: Futures value reflects the change…

CAPIS Morning Note -12/14/20: Futures On Fire, Mergers Galore And Vaccine Shots To Start Today

Morning Note

Morning Note

posted by CAPIS on 12/14/2020 at 7:57 am
by CAPIS on 12/14/2020

Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows followed by October weakness into month’s end. Since 11/4 close, the S&P has not rallied for more than two days before some selling and the longest losing streak is two days, yet the S&P 500 has gained almost 150 points since then. Due to Google outage we are limited in our charts for today. They will be back tomorrow. Covid-19 Statistics:  Total Cases 16,143,319 from 15,956,435 Deaths 291,017 from 289,535 New Tests 1,750,082 from 1,906,655 New Cases 186,884 from 223,365 with positivity rate of 10.6% (down 0.4) Daily Deaths 1,482 Current Hospitalizations 109,331 from 108,487 Capital Raises: IPOs Priced: None of note. Secondaries Priced: NIO of note. Notes Priced of note: None of note. Common Stock filings: None of note. Selling Shareholders of note:  SALT of note. Mixed Shelf Offerings: WBS NLTX CMT SALT CERS MARA  of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beats: none Flat:  none Misses: none News After The Close (sorted by time starting at the close): KKR buys a portfolio of 9.7 million square feet of industrial real estate properties…

Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows followed by October weakness into month’s end. Since 11/4 close, the S&P has not rallied for more than two days before some selling and the longest losing streak is two days, yet the S&P 500 has gained almost 150 points since then. Due to Google outage we are limited in our charts for today. They will be back tomorrow. Covid-19 Statistics:  Total Cases 16,143,319 from 15,956,435 Deaths 291,017 from 289,535 New Tests 1,750,082 from 1,906,655 New Cases 186,884 from 223,365 with positivity rate of 10.6% (down 0.4) Daily Deaths 1,482 Current Hospitalizations 109,331 from 108,487 Capital Raises: IPOs Priced: None of note. Secondaries Priced: NIO of note. Notes Priced of note: None of note. Common Stock filings: None of note. Selling Shareholders of note:  SALT of note. Mixed Shelf Offerings: WBS NLTX CMT SALT CERS MARA  of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beats: none Flat:  none Misses: none News After The Close (sorted by time starting at the close): KKR buys a portfolio of 9.7 million square feet of industrial real estate properties…

CAPIS Morning Note – 12/11/20: Stocks Look To Finish Week Lower

Morning Note

Morning Note

posted by CAPIS on 12/11/2020 at 7:43 am
by CAPIS on 12/11/2020

Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows followed by October weakness into month’s end. Since 11/4 close, the S&P has not rallied for more than two days before some selling and the longest losing streak is two days, yet the S&P 500 has gained almost 150 points since then. On the Lookout For: Watch for action against Iran before the holidays. Our intelligence is picking up some military movements. Covid-19 Statistics:  Total Cases 15,360,841 from 15,142,845 Deaths 283,555 from 280,454 New Tests 1,954,686 from 1,790,392 New Cases 215,669 from 211,027 with positivity rate of 11.0% (down 0.7) Daily Deaths 3,067 Current Hospitalizations 107,258 from 106,688 Capital Raises: IPOs Priced: Nanobiotix (NBTX) priced at $13.50 per share at low end of expected range of $13.50 to $14.50.  4D Molecular Therapeutics (FDMT) priced at $23 which is the high end of the expected range of $22 to $23. Secondaries Priced: OPCH FMTX LXRX PTGX SE  of note. Notes Priced of note: None of note. Common Stock filings: NSSC NIO AMC of note. Selling Shareholders of note:  of note. Mixed Shelf Offerings: HPE of note. Convertible Offering Files:  PEB of note. Senior Notes Filed: None of note.…

Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows followed by October weakness into month’s end. Since 11/4 close, the S&P has not rallied for more than two days before some selling and the longest losing streak is two days, yet the S&P 500 has gained almost 150 points since then. On the Lookout For: Watch for action against Iran before the holidays. Our intelligence is picking up some military movements. Covid-19 Statistics:  Total Cases 15,360,841 from 15,142,845 Deaths 283,555 from 280,454 New Tests 1,954,686 from 1,790,392 New Cases 215,669 from 211,027 with positivity rate of 11.0% (down 0.7) Daily Deaths 3,067 Current Hospitalizations 107,258 from 106,688 Capital Raises: IPOs Priced: Nanobiotix (NBTX) priced at $13.50 per share at low end of expected range of $13.50 to $14.50.  4D Molecular Therapeutics (FDMT) priced at $23 which is the high end of the expected range of $22 to $23. Secondaries Priced: OPCH FMTX LXRX PTGX SE  of note. Notes Priced of note: None of note. Common Stock filings: NSSC NIO AMC of note. Selling Shareholders of note:  of note. Mixed Shelf Offerings: HPE of note. Convertible Offering Files:  PEB of note. Senior Notes Filed: None of note.…

CAPIS Morning Note – 12/10/20: Selling Continues Today

Morning Note

Morning Note

posted by CAPIS on 12/09/2020 at 3:17 pm
by CAPIS on 12/09/2020

Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows followed by October weakness into month’s end. Since 11/4 close, the S&P has not rallied for more than two days before some selling and the longest losing streak is two days, yet the S&P 500 has gained almost 200 points since then. Covid-19 Statistics:  Total Cases 15,142,845 from 14,903,563 Deaths 280,454 from 277,367 New Tests 1,790,392 from 1,638,354 New Cases 211,027 from 213,498 with positivity rate of 11.7% (down 1.3) Daily Deaths 3,054 Current Hospitalizations 106,688 from 104,600 Capital Raises: IPOs Priced: Airbnb (ABNB) priced at $68 per share above expected range of $56 to $60. Hydrofarm (HYFM) priced at $20.  Secondaries Priced: ONCT ICHR LPRO ALXO RCKT PXLW AQB  of note. Notes Priced of note: None of note. Common Stock filings: AQB CDMO PXLW MP LEAF  of note. Selling Shareholders of note: MP of note. Mixed Shelf Offerings: TARA HPQ of note. Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beats: RH +1.01, OXM +0.66, MESA +0.34, CMTL +0.24, VRNT +0.23, GEF +0.06, ASAN +0.03 Flat:  NCNO Misses: none News After The Close (sorted by time…

Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows followed by October weakness into month’s end. Since 11/4 close, the S&P has not rallied for more than two days before some selling and the longest losing streak is two days, yet the S&P 500 has gained almost 200 points since then. Covid-19 Statistics:  Total Cases 15,142,845 from 14,903,563 Deaths 280,454 from 277,367 New Tests 1,790,392 from 1,638,354 New Cases 211,027 from 213,498 with positivity rate of 11.7% (down 1.3) Daily Deaths 3,054 Current Hospitalizations 106,688 from 104,600 Capital Raises: IPOs Priced: Airbnb (ABNB) priced at $68 per share above expected range of $56 to $60. Hydrofarm (HYFM) priced at $20.  Secondaries Priced: ONCT ICHR LPRO ALXO RCKT PXLW AQB  of note. Notes Priced of note: None of note. Common Stock filings: AQB CDMO PXLW MP LEAF  of note. Selling Shareholders of note: MP of note. Mixed Shelf Offerings: TARA HPQ of note. Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beats: RH +1.01, OXM +0.66, MESA +0.34, CMTL +0.24, VRNT +0.23, GEF +0.06, ASAN +0.03 Flat:  NCNO Misses: none News After The Close (sorted by time…

CAPIS Morning Note – 12/9/20: Futures Rebound After Two Weak Starts This Week

Morning Note

Morning Note

posted by CAPIS on 12/09/2020 at 7:42 am
by CAPIS on 12/09/2020

Breaking News: Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows followed by October weakness into month’s end. Since 11/4 close, the S&P has not rallied for more than two days before some selling and the longest losing streak is two days, yet the S&P 500 has gained almost 200 points since then. Covid-19 Statistics:  Total Cases 14,903,563 from 14,717,065 Deaths 277,367 from 274,745 New Tests 1,638,354 from 1,835,388 New Cases 213,498 from 180,193 with positivity rate of 13.0% (up 3.2) Daily Deaths 2,622 Current Hospitalizations 104,600 from 102,148 Capital Raises: IPOs Priced: DoorDash (DASH) priced at $102 per share above expected range of $90 to $95. C3.ai (AI) priced at $20 with range of $16 to $18. PubMatic (PUBM) prices 5.9 million at $20 above $16 to $18 a share. Secondaries Priced: KURA STRO ATRA HOOK IGMS BRP TALO XPEV SNDX    of note. Notes Priced of note: YCBD UBER of note. Common Stock filings: ICHR HOOK TALO CRIS FMTX BRP JKS   of note. Selling Shareholders of note: None of note. Mixed Shelf Offerings: GME  of note. Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Earnings Out After…

Breaking News: Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows followed by October weakness into month’s end. Since 11/4 close, the S&P has not rallied for more than two days before some selling and the longest losing streak is two days, yet the S&P 500 has gained almost 200 points since then. Covid-19 Statistics:  Total Cases 14,903,563 from 14,717,065 Deaths 277,367 from 274,745 New Tests 1,638,354 from 1,835,388 New Cases 213,498 from 180,193 with positivity rate of 13.0% (up 3.2) Daily Deaths 2,622 Current Hospitalizations 104,600 from 102,148 Capital Raises: IPOs Priced: DoorDash (DASH) priced at $102 per share above expected range of $90 to $95. C3.ai (AI) priced at $20 with range of $16 to $18. PubMatic (PUBM) prices 5.9 million at $20 above $16 to $18 a share. Secondaries Priced: KURA STRO ATRA HOOK IGMS BRP TALO XPEV SNDX    of note. Notes Priced of note: YCBD UBER of note. Common Stock filings: ICHR HOOK TALO CRIS FMTX BRP JKS   of note. Selling Shareholders of note: None of note. Mixed Shelf Offerings: GME  of note. Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Earnings Out After…

CAPIS Morning Note – 12/8/20: Futures Lower For Second Day, England Begins Vaccinations

Morning Note

Morning Note

posted by CAPIS on 12/08/2020 at 7:39 am
by CAPIS on 12/08/2020

Breaking News: Pfizer (PFE) releases briefing documents related to vaccine ahead of Thursday FDA meeting. Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows followed by October weakness into month’s end. Since 11/4 close, the S&P has not rallied for more than two days before some selling and the longest losing streak is two days, yet the S&P 500 has gained almost 200 points since then. Covid-19 Statistics:  Total Cases 14,717,065 from 14,534,035 Deaths 274,745 from 273,374 New Tests 1,835,388 from 1,634,532 New Cases 180,193 from 176,771 with positivity rate of 9.8% (down 1.0) Daily Deaths 1,347 Current Hospitalizations 102,148 from 101,487 Capital Raises: IPOs Priced:  Secondaries Priced: ARCT of note. Notes Priced of note: None of note. Common Stock filings: MRNS STRO  ATRA  ALXO  SQNS IBIO KURA SNDX ARCT  IGMS LPRO RGEN TSLA   of note. Selling Shareholders of note: None of note. Mixed Shelf Offerings: KURA GRWG ARCT  of note. Convertible Offering Files: SIG of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beats: CASY +0.18, COUP +0.15, HQY +0.05, SMAR +0.09, SFIX +0.26, SUMO +0.30, TOL +0.32 Flat:  none Misses: none News After The Close: Stitch Fix (SFIX) names…

Breaking News: Pfizer (PFE) releases briefing documents related to vaccine ahead of Thursday FDA meeting. Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows followed by October weakness into month’s end. Since 11/4 close, the S&P has not rallied for more than two days before some selling and the longest losing streak is two days, yet the S&P 500 has gained almost 200 points since then. Covid-19 Statistics:  Total Cases 14,717,065 from 14,534,035 Deaths 274,745 from 273,374 New Tests 1,835,388 from 1,634,532 New Cases 180,193 from 176,771 with positivity rate of 9.8% (down 1.0) Daily Deaths 1,347 Current Hospitalizations 102,148 from 101,487 Capital Raises: IPOs Priced:  Secondaries Priced: ARCT of note. Notes Priced of note: None of note. Common Stock filings: MRNS STRO  ATRA  ALXO  SQNS IBIO KURA SNDX ARCT  IGMS LPRO RGEN TSLA   of note. Selling Shareholders of note: None of note. Mixed Shelf Offerings: KURA GRWG ARCT  of note. Convertible Offering Files: SIG of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beats: CASY +0.18, COUP +0.15, HQY +0.05, SMAR +0.09, SFIX +0.26, SUMO +0.30, TOL +0.32 Flat:  none Misses: none News After The Close: Stitch Fix (SFIX) names…

CAPIS Morning Note -12/7/20: Stocks Start Off On A Weak Note

Morning Note

Morning Note

posted by CAPIS on 12/07/2020 at 7:50 am
by CAPIS on 12/07/2020

Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows followed by October weakness into month’s end. Trend is higher however. Too many strategists are calling for a pullback so we will go higher for now. Covid-19 Statistics:  Total Cases 14,534,035 from 14,357,264 Deaths 273,374 from 272,236 New Tests 1,634,532 from 2,169,756 New Cases 176,771 from 211,073 with positivity rate of 10.8% (down 0.8) Daily Deaths 1,138 Current Hospitalizations 101,487 from 101,190 Capital Raises: IPOs Priced:  Secondaries Priced: NNDM of note. Notes Priced of note: None of note. Common Stock filings: MBIO NNDM  of note. Selling Shareholders of note: ZYME of note. Mixed Shelf Offerings: GLW EARN PDEX RIOT SCHW  of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beats: None of note. Flat:  None of note. Misses: None of note. News After The Close: Fate Therapeutics (FATE) reports positive Phase One Study of FT516  with Ritiximab. Nissan Motor (NSANY)  joins GM in backing President Trump in his stance against California emissions rule. San Francisco issues stay at home from December 6th to January 4th. Barron’s + on ABNB CRM GS BK FITB TFC PACW CMA CFA. Ford Motor…

Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows followed by October weakness into month’s end. Trend is higher however. Too many strategists are calling for a pullback so we will go higher for now. Covid-19 Statistics:  Total Cases 14,534,035 from 14,357,264 Deaths 273,374 from 272,236 New Tests 1,634,532 from 2,169,756 New Cases 176,771 from 211,073 with positivity rate of 10.8% (down 0.8) Daily Deaths 1,138 Current Hospitalizations 101,487 from 101,190 Capital Raises: IPOs Priced:  Secondaries Priced: NNDM of note. Notes Priced of note: None of note. Common Stock filings: MBIO NNDM  of note. Selling Shareholders of note: ZYME of note. Mixed Shelf Offerings: GLW EARN PDEX RIOT SCHW  of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beats: None of note. Flat:  None of note. Misses: None of note. News After The Close: Fate Therapeutics (FATE) reports positive Phase One Study of FT516  with Ritiximab. Nissan Motor (NSANY)  joins GM in backing President Trump in his stance against California emissions rule. San Francisco issues stay at home from December 6th to January 4th. Barron’s + on ABNB CRM GS BK FITB TFC PACW CMA CFA. Ford Motor…

CAPIS Morning Note – 12/4/20: Jobs Growth Plummets to 245,000 From Expected 460,000 But Stocks Still Higher

Morning Note

Morning Note

posted by CAPIS on 12/04/2020 at 7:52 am
by CAPIS on 12/04/2020

Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows followed by October weakness into month’s end. Trend is higher however. Too many strategists are calling for a pullback so we will go higher for now. Covid-19 Statistics:  Total Cases 13,921,312 from 13,711,151 Deaths 267,228 from 264,522 New Tests 1,807,951 from 1,444,783 New Cases 210,161 from 195,695 with positivity rate of 11.6% (down 1.9) Daily Deaths 2,706 Current Hospitalizations 100,667 from 100,226 Capital Raises: IPOs Priced: Sigilon Therapeutics (SGTX) priced at $18 in the range of $17 to $19. Silverback Therapeutics (SBTX) priced at $21 with range of $17 to $19. Secondaries Priced: NOVA CMBM LI BNR  of note. Notes Priced of note: None of note. Common Stock filings: None of note. Selling Shareholders of note: None of note. Mixed Shelf Offerings: None of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beats: ZUMZ +0.40, SWBI +0.30, ULTA +0.15, DOCU +0.12, SAIC +0.09, OLLI +0.07, CLDR +0.06, YEXT +0.06, COO +0.05, ZUO +0.04, DOMO +0.04, MDLA +0.02, PD +0.01 Flat:  MRVL +0.00 Misses: none News After The Close: J.M. Smucker (SJM) to sell Natural balance pet food business for…

Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows followed by October weakness into month’s end. Trend is higher however. Too many strategists are calling for a pullback so we will go higher for now. Covid-19 Statistics:  Total Cases 13,921,312 from 13,711,151 Deaths 267,228 from 264,522 New Tests 1,807,951 from 1,444,783 New Cases 210,161 from 195,695 with positivity rate of 11.6% (down 1.9) Daily Deaths 2,706 Current Hospitalizations 100,667 from 100,226 Capital Raises: IPOs Priced: Sigilon Therapeutics (SGTX) priced at $18 in the range of $17 to $19. Silverback Therapeutics (SBTX) priced at $21 with range of $17 to $19. Secondaries Priced: NOVA CMBM LI BNR  of note. Notes Priced of note: None of note. Common Stock filings: None of note. Selling Shareholders of note: None of note. Mixed Shelf Offerings: None of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beats: ZUMZ +0.40, SWBI +0.30, ULTA +0.15, DOCU +0.12, SAIC +0.09, OLLI +0.07, CLDR +0.06, YEXT +0.06, COO +0.05, ZUO +0.04, DOMO +0.04, MDLA +0.02, PD +0.01 Flat:  MRVL +0.00 Misses: none News After The Close: J.M. Smucker (SJM) to sell Natural balance pet food business for…

CAPIS Morning Note – 12/3/20: Hospitalizations From Covid-19 Top 100,000, Dollar Weak Again

Morning Note

Morning Note

posted by CAPIS on 12/03/2020 at 7:33 am
by CAPIS on 12/03/2020

Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows followed by October weakness into month’s end. Trend is higher however. Too many strategists are calling for a pullback so we will go higher for now. Covid-19 Statistics:  Total Cases 13,711,151 from 13,515,234 Deaths 264,522 from 261,789 New Tests 1,444,783 from 1,380,784 New Cases 195,695 from 176,751 with positivity rate of 13.5% (up 0.7) Daily Deaths 2,733 Current Hospitalizations 100,226 from 98,691 Capital Raises: IPOs Priced:  Secondaries Priced: TWST OMI XPOSH  CDXS PROG DADA ARRY of note. Notes Priced of note: None of note. Common Stock filings: VERI GLNG CDXAS of note. Selling Shareholders of note: None of note. Mixed Shelf Offerings: SWX CMO BRMK of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beats: PVH +1.09, GES +0.53, SPWH +0.24, ESTC +0.17, FIVE +0.16, ZS +0.08, CRWD +0.08, OKTA +0.05, SNPS +0.01, DSGX +0.01 Flat:  none Misses: SMTC +0.01, SNOW (0.75), SPLK (0.16) News After The Close: UnitedHealth (UNH) President Sir Andrew Witty returns following an 8 month leave of absence. Amazon (AMZN) may buy Wondery, podcast startup per WSJ. Costco (COST) November sales…

Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows followed by October weakness into month’s end. Trend is higher however. Too many strategists are calling for a pullback so we will go higher for now. Covid-19 Statistics:  Total Cases 13,711,151 from 13,515,234 Deaths 264,522 from 261,789 New Tests 1,444,783 from 1,380,784 New Cases 195,695 from 176,751 with positivity rate of 13.5% (up 0.7) Daily Deaths 2,733 Current Hospitalizations 100,226 from 98,691 Capital Raises: IPOs Priced:  Secondaries Priced: TWST OMI XPOSH  CDXS PROG DADA ARRY of note. Notes Priced of note: None of note. Common Stock filings: VERI GLNG CDXAS of note. Selling Shareholders of note: None of note. Mixed Shelf Offerings: SWX CMO BRMK of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beats: PVH +1.09, GES +0.53, SPWH +0.24, ESTC +0.17, FIVE +0.16, ZS +0.08, CRWD +0.08, OKTA +0.05, SNPS +0.01, DSGX +0.01 Flat:  none Misses: SMTC +0.01, SNOW (0.75), SPLK (0.16) News After The Close: UnitedHealth (UNH) President Sir Andrew Witty returns following an 8 month leave of absence. Amazon (AMZN) may buy Wondery, podcast startup per WSJ. Costco (COST) November sales…

CAPIS Morning Note – 12/2/20: President Trump Will Not Go Quietly Into The Night As He Threatens Veto of Defense Bill, Futures Lower

Morning Note

Morning Note

posted by CAPIS on 12/01/2020 at 9:49 pm
by CAPIS on 12/01/2020

Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows followed by October weakness into month’s end. Trend is higher however. Covid-19 Statistics:  Total Cases 13,515,234 from 13,337,969 Deaths 261,789 from 259,075 New Tests 1,380,784 from 1,596,757 New Cases 176,751 from 147,074 with positivity rate of 12.8% (up 3.6) Daily Deaths 2,473 Current Hospitalizations 98,691 from 96,039 Capital Raises: IPOs Priced:  Secondaries Priced: NTLAREXR RETA FCEL JBLUBGNE COGT ZI  of note. Notes Priced of note: None of note. Common Stock filings:  JBLU FCEL ED REXR TWST RETA  of note. Selling Shareholders of note: AQUA CMBM BNR TRUP IMAB GRTX BGNE TWST  of note. Mixed Shelf Offerings: PINE GRTX of note. Convertible Offering Files:  of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beats: CRM +0.99, NTAP +0.32, TCOM +0.18, VEEV +0.15, HOME +0.14, BOX +0.14, WORK +0.06, HPE +0.03 Flat:  none Misses: none News After The Close: Walt Disney (DIS) to consolidate its TV studios to focus on streaming. (Reuters) Samsung (SSNLF) may stop selling high end Galaxy Note smartphones. (Reuters) Blackbaud (BLKB) updates long term financial goals and strategic outlook. Amazon (AMZN) music offering can now stream music videos. American…

Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows followed by October weakness into month’s end. Trend is higher however. Covid-19 Statistics:  Total Cases 13,515,234 from 13,337,969 Deaths 261,789 from 259,075 New Tests 1,380,784 from 1,596,757 New Cases 176,751 from 147,074 with positivity rate of 12.8% (up 3.6) Daily Deaths 2,473 Current Hospitalizations 98,691 from 96,039 Capital Raises: IPOs Priced:  Secondaries Priced: NTLAREXR RETA FCEL JBLUBGNE COGT ZI  of note. Notes Priced of note: None of note. Common Stock filings:  JBLU FCEL ED REXR TWST RETA  of note. Selling Shareholders of note: AQUA CMBM BNR TRUP IMAB GRTX BGNE TWST  of note. Mixed Shelf Offerings: PINE GRTX of note. Convertible Offering Files:  of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beats: CRM +0.99, NTAP +0.32, TCOM +0.18, VEEV +0.15, HOME +0.14, BOX +0.14, WORK +0.06, HPE +0.03 Flat:  none Misses: none News After The Close: Walt Disney (DIS) to consolidate its TV studios to focus on streaming. (Reuters) Samsung (SSNLF) may stop selling high end Galaxy Note smartphones. (Reuters) Blackbaud (BLKB) updates long term financial goals and strategic outlook. Amazon (AMZN) music offering can now stream music videos. American…

CAPIS Morning Note – 12/1/20: Welcome To December, Futures On Fire As S&P 500 Up 41

Morning Note

Morning Note

posted by CAPIS on 12/01/2020 at 7:44 am
by CAPIS on 12/01/2020

Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows followed by October weakness into month’s end. Trend is higher however. Covid-19 Statistics:  Total Cases 13,337,969 from 13,188,777 Deaths 259,075 from 257,920 New Tests 1,596,757 from 1,277,179 New Cases 147,074 from 134,184 with positivity rate +9.2% (down 1.3) Daily Deaths 1,136 Current Hospitalizations 96,039 from 93,219 Capital Raises: IPOs Priced:  Secondaries Priced: ELAN NOVA  of note. Notes Priced of note: None of note. Common Stock filings: COGT NOVA DADA ARRY of note. Selling Shareholders of note: FOUR NOVA OSH XP OM of note. Mixed Shelf Offerings:  CIXX of note. Convertible Offering Files: FOUR NEP of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beats: ZM +0.23 Flat:  none Misses: none News After The Close: Exxon (XOM) announces plan to prioritize capital investments on high value assets. Wynn Resorts (WYNN) amends credit agreement. Raytheon (RTX) wins $640 million Navy contract. Lockheed Martin (LMT) wins $1.4 billion Air Force contract. L3Harris (LHX) wins $670 million Air Force contract. Oshkosh (OSK) wins $890 million Army contract. K12 (LRN) victim of a cyberattack on its systems and network. Federal Reserve Chairman Powell calls next…

Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows followed by October weakness into month’s end. Trend is higher however. Covid-19 Statistics:  Total Cases 13,337,969 from 13,188,777 Deaths 259,075 from 257,920 New Tests 1,596,757 from 1,277,179 New Cases 147,074 from 134,184 with positivity rate +9.2% (down 1.3) Daily Deaths 1,136 Current Hospitalizations 96,039 from 93,219 Capital Raises: IPOs Priced:  Secondaries Priced: ELAN NOVA  of note. Notes Priced of note: None of note. Common Stock filings: COGT NOVA DADA ARRY of note. Selling Shareholders of note: FOUR NOVA OSH XP OM of note. Mixed Shelf Offerings:  CIXX of note. Convertible Offering Files: FOUR NEP of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beats: ZM +0.23 Flat:  none Misses: none News After The Close: Exxon (XOM) announces plan to prioritize capital investments on high value assets. Wynn Resorts (WYNN) amends credit agreement. Raytheon (RTX) wins $640 million Navy contract. Lockheed Martin (LMT) wins $1.4 billion Air Force contract. L3Harris (LHX) wins $670 million Air Force contract. Oshkosh (OSK) wins $890 million Army contract. K12 (LRN) victim of a cyberattack on its systems and network. Federal Reserve Chairman Powell calls next…

CAPIS Morning Note – 11/30/20: More Vaccine News For A Monday, Moderna Seeks EUA

Morning Note

Morning Note

posted by CAPIS on 11/29/2020 at 12:06 pm
by CAPIS on 11/29/2020

Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows followed by October weakness into month’s end. Trend is higher however. Covid-19 Statistics: Recovered stats no longer tracked as only 37 reporting this statistic. Total Cases 13,188,777 from 13,054,593 Deaths 257,920 from 257,119 New Tests 1,277,179 from 1,698,332 New Cases 134,184 from 153,447 with positivity rate +10.5% (down 0.3) Daily Deaths 801 Current Hospitalizations 93,219 from 91,635 Capital Raises: IPOs Priced:  Secondaries Priced: NNDM of note. Notes Priced of note: None of note. Common Stock filings: None of note. Selling Shareholders of note: ELAN of note. Mixed Shelf Offerings:  None of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beats: None of note. Flat:  None of note. Misses: None of note. News After The Close: Barron’s is + on F AZEK RGS TSLA. Black Friday online shopping was up 22% while store shopping was down 50%. New York City announced they would reopen schools on 12/7. Trump administration seeks to add SMIC and CNOOC to Chinese blacklist. Dividend Increase:  Raises Guidance:  Lowers Guidance:  Stock Buyback New Or Increase: Hourly Action: Last only three hours were positive.…

Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows followed by October weakness into month’s end. Trend is higher however. Covid-19 Statistics: Recovered stats no longer tracked as only 37 reporting this statistic. Total Cases 13,188,777 from 13,054,593 Deaths 257,920 from 257,119 New Tests 1,277,179 from 1,698,332 New Cases 134,184 from 153,447 with positivity rate +10.5% (down 0.3) Daily Deaths 801 Current Hospitalizations 93,219 from 91,635 Capital Raises: IPOs Priced:  Secondaries Priced: NNDM of note. Notes Priced of note: None of note. Common Stock filings: None of note. Selling Shareholders of note: ELAN of note. Mixed Shelf Offerings:  None of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beats: None of note. Flat:  None of note. Misses: None of note. News After The Close: Barron’s is + on F AZEK RGS TSLA. Black Friday online shopping was up 22% while store shopping was down 50%. New York City announced they would reopen schools on 12/7. Trump administration seeks to add SMIC and CNOOC to Chinese blacklist. Dividend Increase:  Raises Guidance:  Lowers Guidance:  Stock Buyback New Or Increase: Hourly Action: Last only three hours were positive.…

CAPIS Morning Note -11/27/20: Stocks Climb Back From Overnight Weakness To Strength

Morning Note

Morning Note

posted by CAPIS on 11/27/2020 at 8:09 am
by CAPIS on 11/27/2020

Shortened trading session as U.S. Stock Markets close at 1:00 p.m. EDT and the bond market closes at 2:00 p.m. EST. Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows followed by October weakness into month’s end. With yesterday’s concession by President Trump that he will respect the Electoral College’s decision can we FINALLY shake the volatility? Time will tell. Covid-19 Statistics: Recovered stats no longer tracked as only 37 reporting this statistic. Total Cases 12,706,167 from 12,581,085 Deaths 250,925 from 248,897 New Tests 1,150,227 from 1,720,705 New Cases 125,082 from 183,601 with positivity rate +10.8% (up 1.5) Daily Deaths 1,319 Current Hospitalizations 90,481 from 89,959 Capital Raises: IPOs Priced:  Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: None  of note. Selling Shareholders of note: CERE EPIX GRBK  of note. Mixed Shelf Offerings: EPIX IBIO QMCO GRBK of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beats: none Flat:  none Misses: none News After The Close: Altimeter Capital takes a 4.2% stake in Trivago (TRVG). Northrop Grumman (NOC) wins a $4.8 billion contract for Global Hawk. Index Changes…

Shortened trading session as U.S. Stock Markets close at 1:00 p.m. EDT and the bond market closes at 2:00 p.m. EST. Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows followed by October weakness into month’s end. With yesterday’s concession by President Trump that he will respect the Electoral College’s decision can we FINALLY shake the volatility? Time will tell. Covid-19 Statistics: Recovered stats no longer tracked as only 37 reporting this statistic. Total Cases 12,706,167 from 12,581,085 Deaths 250,925 from 248,897 New Tests 1,150,227 from 1,720,705 New Cases 125,082 from 183,601 with positivity rate +10.8% (up 1.5) Daily Deaths 1,319 Current Hospitalizations 90,481 from 89,959 Capital Raises: IPOs Priced:  Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: None  of note. Selling Shareholders of note: CERE EPIX GRBK  of note. Mixed Shelf Offerings: EPIX IBIO QMCO GRBK of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beats: none Flat:  none Misses: none News After The Close: Altimeter Capital takes a 4.2% stake in Trivago (TRVG). Northrop Grumman (NOC) wins a $4.8 billion contract for Global Hawk. Index Changes…

CAPIS Morning Note – 11/25/20: Futures Modestly Higher As Dow Closed Above 30,000.

Morning Note

Morning Note

posted by CAPIS on 11/25/2020 at 7:37 am
by CAPIS on 11/25/2020

Lead Story: The Dow broke 30,000 and President Trump held a one minute press conference press conference, the shortest on record with no comments. (CNBC) Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows followed by October weakness into month’s end. With yesterday’s concession by President Trump can we shake the volatility? Time will tell. Covid-19 Statistics: Recovered stats no longer tracked as only 37 reporting this statistic. Total Cases 12,397,144 from 12,230,472 Deaths 250,925 from 248,897 New Tests 1,785,707 from 1,757,307 New Cases 166,672 from 150,975 with positivity rate +9.3% (up 0.8%) Daily Deaths 2,028 (highest daily count since May 7, 2020) Current Hospitalizations 88,080 from 85,836 Capital Raises: IPOs Priced:  Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: EVOP  of note. Selling Shareholders of note: MCF of note. Mixed Shelf Offerings: of note. Convertible Offering Files: CLVS BILL of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beats: DELL +0.61, JWN +0.44, VMW +0.22, HPQ +0.10, ADSK +0.08, PSTG +0.01 Flat: AEO Misses: GPS (0.08) News After The Close: Mesa (MESA) enters into a new 5 year contract with American (AAL)…

Lead Story: The Dow broke 30,000 and President Trump held a one minute press conference press conference, the shortest on record with no comments. (CNBC) Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows followed by October weakness into month’s end. With yesterday’s concession by President Trump can we shake the volatility? Time will tell. Covid-19 Statistics: Recovered stats no longer tracked as only 37 reporting this statistic. Total Cases 12,397,144 from 12,230,472 Deaths 250,925 from 248,897 New Tests 1,785,707 from 1,757,307 New Cases 166,672 from 150,975 with positivity rate +9.3% (up 0.8%) Daily Deaths 2,028 (highest daily count since May 7, 2020) Current Hospitalizations 88,080 from 85,836 Capital Raises: IPOs Priced:  Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: EVOP  of note. Selling Shareholders of note: MCF of note. Mixed Shelf Offerings: of note. Convertible Offering Files: CLVS BILL of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beats: DELL +0.61, JWN +0.44, VMW +0.22, HPQ +0.10, ADSK +0.08, PSTG +0.01 Flat: AEO Misses: GPS (0.08) News After The Close: Mesa (MESA) enters into a new 5 year contract with American (AAL)…

CAPIS Morning Note – 11/24/20: Trump Blesses Transition With Biden, Futures Higher

Morning Note

Morning Note

posted by CAPIS on 11/23/2020 at 11:12 pm
by CAPIS on 11/23/2020

Lead Story:  Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows followed by October weakness into month’s end. With yesterday’s concession by President Trump can we shake the volatility? Time will tell. Covid-19 Statistics: Recovered stats no longer tracked as only 37 reporting this statistic. Total Cases 12,230,472 from 12,077,354 Deaths 248,897 from 247,932 New Tests 1,757,307 from 1,726,449 New Cases 150,975 from 150,098 with positivity rate +8.5% (down 0.1%) Daily Deaths 956 Current Hospitalizations 85,836 from 83,782 Capital Raises: IPOs Priced:  Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: None of note. Selling Shareholders of note: None of note. Mixed Shelf Offerings: VER CBAT of note. Convertible Offering Files: BILL of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beats: URBN +0.34, NTNX +0.13, CBT +0.11, A +0.04, AMBA +0.04 Flat: none Misses: ENTA (0.49) News After The Close: Michigan certifies President -Elect Joe Biden. Blackrock (BLK) to buy Aperio for $1.05 billion. Huntington  Ingalls (HII) wins contract for construction of two Columbia Class submarine modules for $2.2 billion. General Services Administration begins the transition process from President Trump to President-Elect Biden.…

Lead Story:  Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows followed by October weakness into month’s end. With yesterday’s concession by President Trump can we shake the volatility? Time will tell. Covid-19 Statistics: Recovered stats no longer tracked as only 37 reporting this statistic. Total Cases 12,230,472 from 12,077,354 Deaths 248,897 from 247,932 New Tests 1,757,307 from 1,726,449 New Cases 150,975 from 150,098 with positivity rate +8.5% (down 0.1%) Daily Deaths 956 Current Hospitalizations 85,836 from 83,782 Capital Raises: IPOs Priced:  Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: None of note. Selling Shareholders of note: None of note. Mixed Shelf Offerings: VER CBAT of note. Convertible Offering Files: BILL of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beats: URBN +0.34, NTNX +0.13, CBT +0.11, A +0.04, AMBA +0.04 Flat: none Misses: ENTA (0.49) News After The Close: Michigan certifies President -Elect Joe Biden. Blackrock (BLK) to buy Aperio for $1.05 billion. Huntington  Ingalls (HII) wins contract for construction of two Columbia Class submarine modules for $2.2 billion. General Services Administration begins the transition process from President Trump to President-Elect Biden.…

CAPIS Morning Note – 11/23/20″ AstraZeneca Out With Vaccine News

Morning Note

Morning Note

posted by CAPIS on 11/23/2020 at 8:12 am
by CAPIS on 11/23/2020

Lead Story: AstraZeneca (AZN) is the third drug company in three weeks out with news on vaccine efficacy. AstraZenecca see 90% efficacy but Leerink Swan is now questioning that. Stay tuned. Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows followed by October weakness into month’s end. Expect volatility to continue post election until the President recognizes the President-Elect which is getting closer day by day. Covid-19 Statistics: Recovered stats no longer tracked as only 37 reporting this statistic. Total Cases 12,077,354 from 11,927,256 Deaths 247,932 from 247,043 New Tests 1,726,449 from 1,977,400 New Cases 150,098 from 178,309 with positivity rate +8.6% (down 1.4%) Daily Deaths 889 Current Hospitalizations 83,782 from 83,227 Capital Raises: IPOs Priced:  Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings:  UAL of note. Selling Shareholders of note:  PEIX CURI of note. Mixed Shelf Offerings: ERTS CASI APD SOLO  of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings Out After The Close on Friday: Beats: None of note. Misses: None of note. News After The Close & Over The Weekend: Fitch downgrades South Africa to BB-…

Lead Story: AstraZeneca (AZN) is the third drug company in three weeks out with news on vaccine efficacy. AstraZenecca see 90% efficacy but Leerink Swan is now questioning that. Stay tuned. Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows followed by October weakness into month’s end. Expect volatility to continue post election until the President recognizes the President-Elect which is getting closer day by day. Covid-19 Statistics: Recovered stats no longer tracked as only 37 reporting this statistic. Total Cases 12,077,354 from 11,927,256 Deaths 247,932 from 247,043 New Tests 1,726,449 from 1,977,400 New Cases 150,098 from 178,309 with positivity rate +8.6% (down 1.4%) Daily Deaths 889 Current Hospitalizations 83,782 from 83,227 Capital Raises: IPOs Priced:  Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings:  UAL of note. Selling Shareholders of note:  PEIX CURI of note. Mixed Shelf Offerings: ERTS CASI APD SOLO  of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings Out After The Close on Friday: Beats: None of note. Misses: None of note. News After The Close & Over The Weekend: Fitch downgrades South Africa to BB-…

CAPIS Morning Note – 11/20/20: Futures All Over The Place Since Last Night, Treasury Shuts Down The Federal Reserve Funding

Morning Note

Morning Note

posted by CAPIS on 11/20/2020 at 7:44 am
by CAPIS on 11/20/2020

Upcoming Interview of Note: Treasury Secretary to be on CNBC to discuss the decision to remove funding from the Federal Reserve. Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows followed by October weakness into month’s end. Expect volatility to continue post election until the President recognizes the President-Elect. Covid-19 Statistics: Recovered stats no longer tracked as only 37 reporting this statistic. Total Cases 11,556,142 from 11,373,310 Deaths 243,675 from 241,704 New Tests 1,817,267 from 1,541,478 New Cases 182,832 from 163,975 with positivity rate +10.0% (down 0.6%) Daily Deaths 1,971 Current Hospitalizations 80,698 from 79,410 Capital Raises: IPOs Priced: Sotera Health (SHC) priced at $23 a share at high end of range of $20 to $23.  Maravai Life Sciences (MRVI) priced at $27 with range of $24 to $27. Telos (TLS) priced at $17.00 a share. Secondaries Priced: STOK AVRO NNDM of note. Notes Priced of note: GRPO of note. Common Stock filings: AVRO ADV  of note. Selling Shareholders of note: ADV of note. Mixed Shelf Offerings: VBTX of note. Convertible Offering Files:  of note. Senior Notes Filed: None of note. Earnings Out After The Close on Yesterday: Beats: WSM +1.05, INTU…

Upcoming Interview of Note: Treasury Secretary to be on CNBC to discuss the decision to remove funding from the Federal Reserve. Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows followed by October weakness into month’s end. Expect volatility to continue post election until the President recognizes the President-Elect. Covid-19 Statistics: Recovered stats no longer tracked as only 37 reporting this statistic. Total Cases 11,556,142 from 11,373,310 Deaths 243,675 from 241,704 New Tests 1,817,267 from 1,541,478 New Cases 182,832 from 163,975 with positivity rate +10.0% (down 0.6%) Daily Deaths 1,971 Current Hospitalizations 80,698 from 79,410 Capital Raises: IPOs Priced: Sotera Health (SHC) priced at $23 a share at high end of range of $20 to $23.  Maravai Life Sciences (MRVI) priced at $27 with range of $24 to $27. Telos (TLS) priced at $17.00 a share. Secondaries Priced: STOK AVRO NNDM of note. Notes Priced of note: GRPO of note. Common Stock filings: AVRO ADV  of note. Selling Shareholders of note: ADV of note. Mixed Shelf Offerings: VBTX of note. Convertible Offering Files:  of note. Senior Notes Filed: None of note. Earnings Out After The Close on Yesterday: Beats: WSM +1.05, INTU…

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