Morning Note

295 total posts

CAPIS Morning Note -12/27/19 Futures Higher Again, NASDAQ Composite Now Up 10 Days In A Row

Morning Note

Morning Note

posted by CAPIS on 12/27/2019 at 7:49 am
by CAPIS on 12/27/2019

IPOs on deck:  None of note. IPOs Filed: None filed after the close. Secondaries Priced:  None of note. Notes Priced: None of note. Common Stock filings: None of note. Mixed Shelf Offerings: None of note. Convertible Offering Files:  None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat: None  of note. Missed: None of note. Hourly Action This Week: Updated 12/26 News After The Close (In Order of Time) Flexion Therapeutics (FLXN) gets FDA approval for a sNDA to update product label to ZILRETTA. Comcast (CMCSA) may buy Xumo according to WSJ. Boeing (BA) General Counsel to retire at year end. Index Changes: RH to join S&P 400 and FBM to join S&P 600 prior to open on 1/2. Stock Repurchase Announcements: None of note. Dividend Increase:None of note. Gap Higher:  FLXN +18%, RAD +12%, GNFT +11%, PLXP +9%, MREO +8%, SAVA +8%, OTIC +8%, TTPH +5%, NLNK +5%, HMLP +5% Gap Lower:  TTMI -7%, GRUB -6%, XRF -6%, SDRL -6%, XCUR -5%, ACOR -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 +19 Russell 2000 +1.29. Fair values are lower adding to gains. Asia mixed and Europe higher ex the FTSE. Gold higher with silver and copper lower. WTI Crude Oil and Brent Oil Futures modestly higher. Natural…

IPOs on deck:  None of note. IPOs Filed: None filed after the close. Secondaries Priced:  None of note. Notes Priced: None of note. Common Stock filings: None of note. Mixed Shelf Offerings: None of note. Convertible Offering Files:  None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat: None  of note. Missed: None of note. Hourly Action This Week: Updated 12/26 News After The Close (In Order of Time) Flexion Therapeutics (FLXN) gets FDA approval for a sNDA to update product label to ZILRETTA. Comcast (CMCSA) may buy Xumo according to WSJ. Boeing (BA) General Counsel to retire at year end. Index Changes: RH to join S&P 400 and FBM to join S&P 600 prior to open on 1/2. Stock Repurchase Announcements: None of note. Dividend Increase:None of note. Gap Higher:  FLXN +18%, RAD +12%, GNFT +11%, PLXP +9%, MREO +8%, SAVA +8%, OTIC +8%, TTPH +5%, NLNK +5%, HMLP +5% Gap Lower:  TTMI -7%, GRUB -6%, XRF -6%, SDRL -6%, XCUR -5%, ACOR -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 +19 Russell 2000 +1.29. Fair values are lower adding to gains. Asia mixed and Europe higher ex the FTSE. Gold higher with silver and copper lower. WTI Crude Oil and Brent Oil Futures modestly higher. Natural…

CAPIS Morning Note For 12/26/19 U.S. Holiday Retails Sales Grew 3.4%

Morning Note

Morning Note

posted by CAPIS on 12/26/2019 at 7:48 am
by CAPIS on 12/26/2019

IPOs on deck:  None of note. IPOs Filed: None filed after the close. Secondaries Priced:  None of note. Notes Priced: None of note. Common Stock filings: HEXO of note. Mixed Shelf Offerings: None of note. Convertible Offering Files:  None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat: None  of note. Missed: None of note. Hourly Action This Week: Updated 12/20 News After The Close (In Order of Time) Qiagen (QGEN) concludes strategic review and concludes it is in the interest of shareholders to remain a stand alone corporation. U.S. Senator Lisa Murkowski (R-AK) noted she is disturbed by Majority Leader Mitch McConnell’s approach to the impeachment trial coming in January. Stock Repurchase Announcements: None of note. Dividend Increase:None of note. Gap Higher:  TREE +6%, PIR +5%, ACB +4% Gap Lower:  QGEN -28%, MBOT -23%, LPL -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 +19 Russell 2000 +1.29. Fair values are lower adding to gains. Asia mixed and Europe mixed. Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures modestly higher. Natural Gas is higher. $ is lower vs Euro,…

IPOs on deck:  None of note. IPOs Filed: None filed after the close. Secondaries Priced:  None of note. Notes Priced: None of note. Common Stock filings: HEXO of note. Mixed Shelf Offerings: None of note. Convertible Offering Files:  None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat: None  of note. Missed: None of note. Hourly Action This Week: Updated 12/20 News After The Close (In Order of Time) Qiagen (QGEN) concludes strategic review and concludes it is in the interest of shareholders to remain a stand alone corporation. U.S. Senator Lisa Murkowski (R-AK) noted she is disturbed by Majority Leader Mitch McConnell’s approach to the impeachment trial coming in January. Stock Repurchase Announcements: None of note. Dividend Increase:None of note. Gap Higher:  TREE +6%, PIR +5%, ACB +4% Gap Lower:  QGEN -28%, MBOT -23%, LPL -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 +19 Russell 2000 +1.29. Fair values are lower adding to gains. Asia mixed and Europe mixed. Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures modestly higher. Natural Gas is higher. $ is lower vs Euro,…

CAPIS Morning Note – 12/23/19 China Drops More Tariffs On U.S. Products

Morning Note

Morning Note

posted by CAPIS on 12/23/2019 at 8:08 am
by CAPIS on 12/23/2019

IPOs on deck:  None of note. IPOs Filed: None filed after the close. Secondaries Priced:  None of note. Notes Priced: None of note. Common Stock filings: NBLX BAM VAPO OSMT of note. Mixed Shelf Offerings: LCI EGP AVRO URGN PEI CBOE HESM LOB EIGR VAPO MITK SGRY 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. Hourly Action This Week: Updated 12/19 News After The Close (In Order of Time) FleetCor (FLT) issues comments on FTC Lawsuit. Lockheed Martin (LMT) wins $7 billion Air Force contract and $1.96 billion Navy contract. Raytheon (RTN) wins $1 billion Navy contract and $1 billion Missile Defense Agency contract. Stock Repurchase Announcements:   Dividend Increase:  Gap Higher: ITCI +39%, CBB +29%, APA +5%, SLNO +4%. Gap Lower:  OSMT -7%, CLS -3%, ACB -3%. What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500 +8 Dow Jones Industrial Average +80 NASDAQ +33 Russell 2000 +0.2. Fair values are lower adding to gains. Asia mixed and Europe mixed. Gold and silver higher with copper lower. WTI Crude Oil and Brent Oil Futures mixed. Natural…

IPOs on deck:  None of note. IPOs Filed: None filed after the close. Secondaries Priced:  None of note. Notes Priced: None of note. Common Stock filings: NBLX BAM VAPO OSMT of note. Mixed Shelf Offerings: LCI EGP AVRO URGN PEI CBOE HESM LOB EIGR VAPO MITK SGRY 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. Hourly Action This Week: Updated 12/19 News After The Close (In Order of Time) FleetCor (FLT) issues comments on FTC Lawsuit. Lockheed Martin (LMT) wins $7 billion Air Force contract and $1.96 billion Navy contract. Raytheon (RTN) wins $1 billion Navy contract and $1 billion Missile Defense Agency contract. Stock Repurchase Announcements:   Dividend Increase:  Gap Higher: ITCI +39%, CBB +29%, APA +5%, SLNO +4%. Gap Lower:  OSMT -7%, CLS -3%, ACB -3%. What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500 +8 Dow Jones Industrial Average +80 NASDAQ +33 Russell 2000 +0.2. Fair values are lower adding to gains. Asia mixed and Europe mixed. Gold and silver higher with copper lower. WTI Crude Oil and Brent Oil Futures mixed. Natural…

CAPIS Morning Note -12/20/19 Boeing Woes Continue As Starliner Misfires

Morning Note

Morning Note

posted by CAPIS on 12/20/2019 at 8:15 am
by CAPIS on 12/20/2019

IPOs on deck:  None of note. IPOs Filed: None filed after the close. Secondaries Priced:  None of note. Notes Priced: None of note. Common Stock filings ABEO of note. Mixed Shelf Offerings: MTZ AMTB  of note. Convertible Offering Files:  None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat: SCHL +0.25, NKE +0.12, AIR +0.04  of note. Missed:  SGH (0.18) of note. Hourly Action This Week: Updated 12/19 News After The Close (In Order of Time) Knight-Swift (KNX) guides lower for Q4. Boeing (BA) wins $1.5 billion Army contract. Northrop Grumman (NOC) wins $1 billion Air Force contract. The House approves USMCA before the headed out of town. Senate passed several bills including  the funding of the government through September 30, 2020. Stock Repurchase Announcements:  BIIB WSBC MITK Dividend Increase: LW Gap Higher: LXRX +24%, AXGT +14%, PRTA +9%, BB +6%, WGO +6%, AIR +4% Gap Lower:  ABEO -31%, CBAY -14%, CAMP -12%, X -9%, KNX -5%, 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 +47 NASDAQ +18 Russell 2000 +3.01. Fair values are lower. Asia mixed and Europe higher. Gold, silver and copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas…

IPOs on deck:  None of note. IPOs Filed: None filed after the close. Secondaries Priced:  None of note. Notes Priced: None of note. Common Stock filings ABEO of note. Mixed Shelf Offerings: MTZ AMTB  of note. Convertible Offering Files:  None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat: SCHL +0.25, NKE +0.12, AIR +0.04  of note. Missed:  SGH (0.18) of note. Hourly Action This Week: Updated 12/19 News After The Close (In Order of Time) Knight-Swift (KNX) guides lower for Q4. Boeing (BA) wins $1.5 billion Army contract. Northrop Grumman (NOC) wins $1 billion Air Force contract. The House approves USMCA before the headed out of town. Senate passed several bills including  the funding of the government through September 30, 2020. Stock Repurchase Announcements:  BIIB WSBC MITK Dividend Increase: LW Gap Higher: LXRX +24%, AXGT +14%, PRTA +9%, BB +6%, WGO +6%, AIR +4% Gap Lower:  ABEO -31%, CBAY -14%, CAMP -12%, X -9%, KNX -5%, 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 +47 NASDAQ +18 Russell 2000 +3.01. Fair values are lower. Asia mixed and Europe higher. Gold, silver and copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas…

CAPIS Morning Note- 12/19/19 The Day After Impeachment

Morning Note

Morning Note

posted by CAPIS on 12/19/2019 at 8:18 am
by CAPIS on 12/19/2019

IPOs on deck: Monopar (MNPR) of note. IPOs Filed: None filed after the close. Secondaries Priced:  AXSM of note. Notes Priced: None of note. Common Stock filings XCUR AXSM of note. Mixed Shelf Offerings WSFS DLA of note. Convertible Offering Files: NIHD of note. Senior Notes Filed:  SLRC of note. Courtesy of IPO Financial Earnings After The Close: Beat: ABM +0.03, MLHR +0.01, MU +0.01 of note. Missed:  REVG (0.05) of note. Hourly Action This Week: Updated 12/17 News After The Close (In Order of Time) Green Dot (GDOT) announces CEO and CFO to retire and guides revenues to low end of prior range. Genesco (GCO) enters licensing deal with Levi’s (LEVI) for footwear. 5th Circuit Court of Appeals in Louisiana rules the individual mandate of the ACA is unconstitutional, sends back to the Texas District Court. Moody’s downgrades Boeing (BA) to stable. House votes to impeach President Donald J. Trump making him the fourth president to be impeached. Stock Repurchase Announcements: OCFC  H FMC Dividend Increase: WPC Dividend Decrease: Gap Higher: PRTK +59%, MSBF +11%, SGEN +8%, AXSM +8%, I +8%, MGNX +6%, NBEV +4%, QIWI +4%, MU +4%. Gap Lower: NERV -27%, MLHR -11%, GDOT -7%, AKRX -6%, BGCP -5%, NIHD -5%, ABM -4%, XCUR -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 +31 NASDAQ +5…

IPOs on deck: Monopar (MNPR) of note. IPOs Filed: None filed after the close. Secondaries Priced:  AXSM of note. Notes Priced: None of note. Common Stock filings XCUR AXSM of note. Mixed Shelf Offerings WSFS DLA of note. Convertible Offering Files: NIHD of note. Senior Notes Filed:  SLRC of note. Courtesy of IPO Financial Earnings After The Close: Beat: ABM +0.03, MLHR +0.01, MU +0.01 of note. Missed:  REVG (0.05) of note. Hourly Action This Week: Updated 12/17 News After The Close (In Order of Time) Green Dot (GDOT) announces CEO and CFO to retire and guides revenues to low end of prior range. Genesco (GCO) enters licensing deal with Levi’s (LEVI) for footwear. 5th Circuit Court of Appeals in Louisiana rules the individual mandate of the ACA is unconstitutional, sends back to the Texas District Court. Moody’s downgrades Boeing (BA) to stable. House votes to impeach President Donald J. Trump making him the fourth president to be impeached. Stock Repurchase Announcements: OCFC  H FMC Dividend Increase: WPC Dividend Decrease: Gap Higher: PRTK +59%, MSBF +11%, SGEN +8%, AXSM +8%, I +8%, MGNX +6%, NBEV +4%, QIWI +4%, MU +4%. Gap Lower: NERV -27%, MLHR -11%, GDOT -7%, AKRX -6%, BGCP -5%, NIHD -5%, ABM -4%, XCUR -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 +31 NASDAQ +5…

CAPIS Morning Note 12/18/19 Impeachment Proceedings Underway Today

Morning Note

Morning Note

posted by CAPIS on 12/18/2019 at 7:32 am
by CAPIS on 12/18/2019

Special Report – The New York Federal Reserve released its latest annual report on “Banking System Vulnerability”. (New York Federal Reserve) IPOs on deck: None of note. IPOs Filed: None filed after the close. Secondaries Priced: NLTX of note. Notes Priced: None of note. Common Stock filings:  CNST NLTX of note. Mixed Shelf Offerings filed: JE of note. Convertible Offering Files: None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat: CTAS +0.25, SCS +0.11 of note. Missed: FDX (0.27) of note. Hourly Action This Week: Updated 12/16 News After The Close (In Order of Time) Rating agency revises U.K. to stable from negative. Federal Reserve and F.D.I.C. find no deficiencies in the resolution plans of the largest banks. (press release) Fitch notes that the Phase I trade deal will not fix U.S. corporations trade concerns. Index Changes: COLM to join S&P 400 and UNIT To join S&P 600, prior to opening next Monday, December 23rd. Stock Repurchase Announcements: NTUS CP DVN Dividend Increase:  BXP CAC CNCN (special dividend) Dividend Decrease: ANH Gap Higher: PCG +16%, MCHX +6%, COLM +5%, SCS +5%, ZGNX +4%, UNIT +4%.  Gap Lower: FIXX -16%, ADRO -15%, PACB -8%, FDX -8%, ANH -6%, SLDB -6%, CNST -4%, JNCE -4%. What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P…

Special Report – The New York Federal Reserve released its latest annual report on “Banking System Vulnerability”. (New York Federal Reserve) IPOs on deck: None of note. IPOs Filed: None filed after the close. Secondaries Priced: NLTX of note. Notes Priced: None of note. Common Stock filings:  CNST NLTX of note. Mixed Shelf Offerings filed: JE of note. Convertible Offering Files: None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat: CTAS +0.25, SCS +0.11 of note. Missed: FDX (0.27) of note. Hourly Action This Week: Updated 12/16 News After The Close (In Order of Time) Rating agency revises U.K. to stable from negative. Federal Reserve and F.D.I.C. find no deficiencies in the resolution plans of the largest banks. (press release) Fitch notes that the Phase I trade deal will not fix U.S. corporations trade concerns. Index Changes: COLM to join S&P 400 and UNIT To join S&P 600, prior to opening next Monday, December 23rd. Stock Repurchase Announcements: NTUS CP DVN Dividend Increase:  BXP CAC CNCN (special dividend) Dividend Decrease: ANH Gap Higher: PCG +16%, MCHX +6%, COLM +5%, SCS +5%, ZGNX +4%, UNIT +4%.  Gap Lower: FIXX -16%, ADRO -15%, PACB -8%, FDX -8%, ANH -6%, SLDB -6%, CNST -4%, JNCE -4%. What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P…

CAPIS Morning Note -12/17/19 Boeing Halts Production of 737 Max In January

Morning Note

Morning Note

posted by CAPIS on 12/17/2019 at 7:36 am
by CAPIS on 12/17/2019

Breaking News- Former Federal Reserve Chairman Alan Greenspan on CNBC at 10:00 a.m. EDT. IPOs on deck: None of note. IPOs Filed: None filed after the close. Secondaries Priced: None of note. Notes Priced: None of note. Common Stock filings: MEIP APTO of note. Mixed Shelf Offerings filed:  CLVS  of note. Convertible Offering Files: None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat: HEI +0.05 of note. Missed: None of note. Hourly Action This Week: Updated 12/13 News After The Close (In Order of Time) 10-K delay for RCI Hospitality (RICK). Petro Bras (PBRA) prepaid $5 billion loan with the China Development Bank. Boeing (BA) to temporarily halt production of the 737 Max 8 in January. Roku (ROKU) CFO Steve Louden to step down once successor found. Steel Dynamics (STLD) guides Q4 below mid point consensus. Stock Repurchase Announcements: TPH Dividend Increase: OFLX (special dividend) HEI IVR LLY WM NOG KL ENSG Gap Higher: IMGN +24%, TGE +21%, PRVL +16%, PCG +6%, AGIO +5%. Gap Lower: MEIP -23%, CLVS -9%, NAV -7%, UN -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 +16 Dow Jones Industrial Average +72 NASDAQ +49 Russell 2000 +11.82. Fair values are…

Breaking News- Former Federal Reserve Chairman Alan Greenspan on CNBC at 10:00 a.m. EDT. IPOs on deck: None of note. IPOs Filed: None filed after the close. Secondaries Priced: None of note. Notes Priced: None of note. Common Stock filings: MEIP APTO of note. Mixed Shelf Offerings filed:  CLVS  of note. Convertible Offering Files: None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat: HEI +0.05 of note. Missed: None of note. Hourly Action This Week: Updated 12/13 News After The Close (In Order of Time) 10-K delay for RCI Hospitality (RICK). Petro Bras (PBRA) prepaid $5 billion loan with the China Development Bank. Boeing (BA) to temporarily halt production of the 737 Max 8 in January. Roku (ROKU) CFO Steve Louden to step down once successor found. Steel Dynamics (STLD) guides Q4 below mid point consensus. Stock Repurchase Announcements: TPH Dividend Increase: OFLX (special dividend) HEI IVR LLY WM NOG KL ENSG Gap Higher: IMGN +24%, TGE +21%, PRVL +16%, PCG +6%, AGIO +5%. Gap Lower: MEIP -23%, CLVS -9%, NAV -7%, UN -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 +16 Dow Jones Industrial Average +72 NASDAQ +49 Russell 2000 +11.82. Fair values are…

CAPIS Morning Note – 12/16/19 Futures Higher This Morning

Morning Note

Morning Note

posted by CAPIS on 12/16/2019 at 7:29 am
by CAPIS on 12/16/2019

Breaking News-  IPOs on deck: None of note. IPOs Filed: None filed after the close. Secondaries Priced: None of note. Notes Priced: None of note. Common Stock filings: FRTA APLT QTNT 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. Hourly Action This Week: Updated 12/12 News After The Close (In Order of Time) ACI Worldwide (ACIW) names Craig Saks COO as well as interim President and CEO on January 1st. Bio-Rad Labs (BIO) announced that they are recovering from a ransomware attack. Index Changes see LYV ZBRA STE to join the S&P 500 after leaving the S&P 400 while AMG TRIP MAC are out.  LOPE LEA  join S&P 400 replacing OAS SWN. They join the S&P 600 the S&P 600 replacing UNT FTR. ARWR also joins S&P 400 and GVA leaves going to the S&P 600. Barron’s positive on FDX TXN UAL UNP ALK AAPL GOOGL BAcC BLK CAT CVX DDAIF DAL ET TOLCGC ACB Stock Repurchase Announcements: SCVL ESRT WST Dividend Increase: HST (special) ERIE AUY Gap Higher: AXSM +52%, AMRN +10%, DD +5%, SPLK +5%, WDC +4%. Gap Lower: PCG -20%, IFF -6%, BZUN -5%, BA -4%.…

Breaking News-  IPOs on deck: None of note. IPOs Filed: None filed after the close. Secondaries Priced: None of note. Notes Priced: None of note. Common Stock filings: FRTA APLT QTNT 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. Hourly Action This Week: Updated 12/12 News After The Close (In Order of Time) ACI Worldwide (ACIW) names Craig Saks COO as well as interim President and CEO on January 1st. Bio-Rad Labs (BIO) announced that they are recovering from a ransomware attack. Index Changes see LYV ZBRA STE to join the S&P 500 after leaving the S&P 400 while AMG TRIP MAC are out.  LOPE LEA  join S&P 400 replacing OAS SWN. They join the S&P 600 the S&P 600 replacing UNT FTR. ARWR also joins S&P 400 and GVA leaves going to the S&P 600. Barron’s positive on FDX TXN UAL UNP ALK AAPL GOOGL BAcC BLK CAT CVX DDAIF DAL ET TOLCGC ACB Stock Repurchase Announcements: SCVL ESRT WST Dividend Increase: HST (special) ERIE AUY Gap Higher: AXSM +52%, AMRN +10%, DD +5%, SPLK +5%, WDC +4%. Gap Lower: PCG -20%, IFF -6%, BZUN -5%, BA -4%.…

CAPIS Morning Note – 12/13/19 Deal Or No Deal? Expect A Very Volatile Day

Morning Note

Morning Note

posted by CAPIS on 12/13/2019 at 8:26 am
by CAPIS on 12/13/2019

Breaking News- Chinese to hold 9:30 press conference.  President Trump just tweets that WSJ story was wrong. Futures Volatile. IPOs on deck: Sprout Social (SPT) OneConnect Financial (OCFT) of note. IPOs Filed: None filed after the close. Secondaries Priced: AQST PHR  of note. Notes Priced: None of note. Common Stock filings: ASPU UTI MCHX KW ARCT NEXT of note. Mixed Shelf Offerings filed:  HPQ KW of note. Convertible Offering Files: None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat: AVGO +0.04, ADBE +0.03, COST +0.01, ORCL +0.01 of note. Missed: None of note. Hourly Action This Week: Updated 12/12 News After The Close (In Order of Time) Centene (CNC) issues 2020 guidance at the lower end of the range. Sarepta Therapeutics (SRPT) FDA grants accelerated approval for Duchenne muscular dystrophy mutation. Stock Repurchase Announcements: VBTX MOH Dividend Increase: CUBE EIX AMT NWFL Gap Higher SRPT +36%, IHRT +13%, BCS +9%, LYG +9%, BTI +4%, EWU +4%. Gap Lower: AQST -16%, UTI -9%, NEXT -8%, PHR -7%. What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500 +2 Dow Jones Industrial Average +46 NASDAQ +12 Russell 2000 +.62. Fair values are lower. Asia and Europe higher. Gold, silver and copper higher. WTI…

Breaking News- Chinese to hold 9:30 press conference.  President Trump just tweets that WSJ story was wrong. Futures Volatile. IPOs on deck: Sprout Social (SPT) OneConnect Financial (OCFT) of note. IPOs Filed: None filed after the close. Secondaries Priced: AQST PHR  of note. Notes Priced: None of note. Common Stock filings: ASPU UTI MCHX KW ARCT NEXT of note. Mixed Shelf Offerings filed:  HPQ KW of note. Convertible Offering Files: None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat: AVGO +0.04, ADBE +0.03, COST +0.01, ORCL +0.01 of note. Missed: None of note. Hourly Action This Week: Updated 12/12 News After The Close (In Order of Time) Centene (CNC) issues 2020 guidance at the lower end of the range. Sarepta Therapeutics (SRPT) FDA grants accelerated approval for Duchenne muscular dystrophy mutation. Stock Repurchase Announcements: VBTX MOH Dividend Increase: CUBE EIX AMT NWFL Gap Higher SRPT +36%, IHRT +13%, BCS +9%, LYG +9%, BTI +4%, EWU +4%. Gap Lower: AQST -16%, UTI -9%, NEXT -8%, PHR -7%. What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500 +2 Dow Jones Industrial Average +46 NASDAQ +12 Russell 2000 +.62. Fair values are lower. Asia and Europe higher. Gold, silver and copper higher. WTI…

CAPIS Morning Note – 12/12/19 Tariff Decision Today Instead of Sunday?

Morning Note

Morning Note

posted by CAPIS on 12/12/2019 at 7:31 am
by CAPIS on 12/12/2019

IPOs on deck: Bill.com (BILL) and EHang Holdings (EH) of note. IPOs Filed: None filed after the close. Secondaries Priced: MNRL FTSV LVGO  AKTS ASMB MNTA of note. Notes Priced:   PI of note. Common Stock filings: FTSV ASMB AKTS TGI  ASMB 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:  TLRD +0.10, NX +0.04, LULU +0.03, OXM +0.02 of note. Flat: MESA NDSN Missed: None of note. Hourly Action This Week: Close of 12/11. News After The Close (In Order of Time) FormFactor (FORM) raises guidance. Harold Hamm moves to Executive Chairman at Continental Resources (CLR). Jack in the Box (JACK) initiates a success plan for Chairman and CEO Lenny Comma. Vecco Instruments (VECO) CFO/COO Shubham Maheshwari to resign. Stock Repurchase Announcements: COT R Dividend Increase: AMGN ZTS CLGX AIN Gap Higher: LMPX +21%, FORM +11%, AMRS +10%. Gap Lower: AKTS -9%, ASMB -6%, NX -4%, OXM -4%, LULU -42%. What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500 +2 Dow Jones Industrial Average -4 NASDAQ +2 Russell 2000 +.62. Fair values are lower. Asia mixed and Europe mixed. Gold and silver higher with…

IPOs on deck: Bill.com (BILL) and EHang Holdings (EH) of note. IPOs Filed: None filed after the close. Secondaries Priced: MNRL FTSV LVGO  AKTS ASMB MNTA of note. Notes Priced:   PI of note. Common Stock filings: FTSV ASMB AKTS TGI  ASMB 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:  TLRD +0.10, NX +0.04, LULU +0.03, OXM +0.02 of note. Flat: MESA NDSN Missed: None of note. Hourly Action This Week: Close of 12/11. News After The Close (In Order of Time) FormFactor (FORM) raises guidance. Harold Hamm moves to Executive Chairman at Continental Resources (CLR). Jack in the Box (JACK) initiates a success plan for Chairman and CEO Lenny Comma. Vecco Instruments (VECO) CFO/COO Shubham Maheshwari to resign. Stock Repurchase Announcements: COT R Dividend Increase: AMGN ZTS CLGX AIN Gap Higher: LMPX +21%, FORM +11%, AMRS +10%. Gap Lower: AKTS -9%, ASMB -6%, NX -4%, OXM -4%, LULU -42%. What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500 +2 Dow Jones Industrial Average -4 NASDAQ +2 Russell 2000 +.62. Fair values are lower. Asia mixed and Europe mixed. Gold and silver higher with…

CAPIS Morning Note -12/10/19 All Eyes On The Federal Reserve

Morning Note

Morning Note

posted by CAPIS on 12/11/2019 at 7:36 am
by CAPIS on 12/11/2019

IPOs on deck: XP (XP)  of note. IPOs Filed: None filed after the close. Secondaries Priced: MDGL MRNS GMRE CNST  KIDS RCKT  PMT PACK of note. Notes Priced:   None of note. Common Stock filings:  AQST  RCKT MDGL MNTA PMT PACK GMRE PHR of note. Mixed Shelf Offerings filed:  None of note. Convertible Offering Files: PI of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  OLLI +0.03 of note. Flat: PLAY Missed: AGX (0.38), GME (0.66)  of note. Hourly Action This Week: Close of 12/6. News After The Close (In Order of Time) Ollie’s Bargain Outlet (OLLI) names James Swygert President & CEO as of today. American Water Works (AWK) CEO Susan Story to retire next April and COO Walter Lynch to become CEO then. Dropbox (DBX) Chief Customer Officer Yamini Rangan to leave. Scientific Games (SGMS) gets a three year contract extension with the California State Lottery. Leidos (LDOS) wins $6.5 billion Defense Information Systems Agency contract. Index Changes see Choice Hotels (CHH) into S&P 400 and Plantronics (PLT) into S&P 600. Stock Repurchase Announcements: ASB CMI LSTR Dividend Increase:  FBHS MAA BEN Gap Higher: WRTC +13%, XERS +11%, OLLI +10%, CHH +10%, PACK +7%, QFIN +4%. Gap Lower: AQST -15%, GME -14%, KIDS -8%, MDGL -7%, RCKT -7%, AGX -6%. What’s Happening This Morning: Futures value reflects…

IPOs on deck: XP (XP)  of note. IPOs Filed: None filed after the close. Secondaries Priced: MDGL MRNS GMRE CNST  KIDS RCKT  PMT PACK of note. Notes Priced:   None of note. Common Stock filings:  AQST  RCKT MDGL MNTA PMT PACK GMRE PHR of note. Mixed Shelf Offerings filed:  None of note. Convertible Offering Files: PI of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  OLLI +0.03 of note. Flat: PLAY Missed: AGX (0.38), GME (0.66)  of note. Hourly Action This Week: Close of 12/6. News After The Close (In Order of Time) Ollie’s Bargain Outlet (OLLI) names James Swygert President & CEO as of today. American Water Works (AWK) CEO Susan Story to retire next April and COO Walter Lynch to become CEO then. Dropbox (DBX) Chief Customer Officer Yamini Rangan to leave. Scientific Games (SGMS) gets a three year contract extension with the California State Lottery. Leidos (LDOS) wins $6.5 billion Defense Information Systems Agency contract. Index Changes see Choice Hotels (CHH) into S&P 400 and Plantronics (PLT) into S&P 600. Stock Repurchase Announcements: ASB CMI LSTR Dividend Increase:  FBHS MAA BEN Gap Higher: WRTC +13%, XERS +11%, OLLI +10%, CHH +10%, PACK +7%, QFIN +4%. Gap Lower: AQST -15%, GME -14%, KIDS -8%, MDGL -7%, RCKT -7%, AGX -6%. What’s Happening This Morning: Futures value reflects…

CAPIS Morning Note – 12/10/19 One Trade Deal Down, China Still To Go

Morning Note

Morning Note

posted by CAPIS on 12/10/2019 at 7:35 am
by CAPIS on 12/10/2019

Fun Fact- By the end of the week, 65% of the country will be below freezing. (CNN) IPOs on deck:  LIV Capital Acquisition (LIVKU) of note. IPOs Filed: None filed after the close. Secondaries Priced: ABR AUPH RHP SCYX XAIR of note. Notes Priced:   WRB LITE of note. Common Stock filings: ABR  CNST RHP LVGO of note. Mixed Shelf Offerings filed:  None of note. Convertible Offering Files: EVBG  of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  MTN +0.35, TOL +0.11, CASY +0.06, SFIX +0.06, CDMO +0.03, PHR +0.03, MDB +0.02 of note. Missed:  CHWY (0.07), ROAD (0.02) of note. Hourly Action This Week: Close of 12/6. News After The Close (In Order of Time) Lululemon Athletica (LULU) COO to leave to go to another position outside the apparel industry. Ingersoll-Rand (IR) CFO to retire in 2020 Christopher Kuehn will take over as CFO. Stock Repurchase Announcements:  Dividend Increase:  JJSF PNR UHAL (special dividend) AES VAC Gap Higher: SFIX +12%, SUPN +9%, MDB +9%, SNY +4%, PSN +4%. Gap Lower: ROAD -15%, DBI -12%, CONN -7%, CASY -6%, LVGO -6%, CHWY -4%, ABR -4%, REGN -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 -6 Dow Jones Industrial Average -65 NASDAQ -25 Russell 2000 -3. Fair…

Fun Fact- By the end of the week, 65% of the country will be below freezing. (CNN) IPOs on deck:  LIV Capital Acquisition (LIVKU) of note. IPOs Filed: None filed after the close. Secondaries Priced: ABR AUPH RHP SCYX XAIR of note. Notes Priced:   WRB LITE of note. Common Stock filings: ABR  CNST RHP LVGO of note. Mixed Shelf Offerings filed:  None of note. Convertible Offering Files: EVBG  of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  MTN +0.35, TOL +0.11, CASY +0.06, SFIX +0.06, CDMO +0.03, PHR +0.03, MDB +0.02 of note. Missed:  CHWY (0.07), ROAD (0.02) of note. Hourly Action This Week: Close of 12/6. News After The Close (In Order of Time) Lululemon Athletica (LULU) COO to leave to go to another position outside the apparel industry. Ingersoll-Rand (IR) CFO to retire in 2020 Christopher Kuehn will take over as CFO. Stock Repurchase Announcements:  Dividend Increase:  JJSF PNR UHAL (special dividend) AES VAC Gap Higher: SFIX +12%, SUPN +9%, MDB +9%, SNY +4%, PSN +4%. Gap Lower: ROAD -15%, DBI -12%, CONN -7%, CASY -6%, LVGO -6%, CHWY -4%, ABR -4%, REGN -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 -6 Dow Jones Industrial Average -65 NASDAQ -25 Russell 2000 -3. Fair…

CAPIS Morning Note -12/9/19 Another Merger Monday

Morning Note

Morning Note

posted by CAPIS on 12/09/2019 at 7:42 am
by CAPIS on 12/09/2019

IPOs on deck:   None of note. IPOs Filed: None filed after the close. Secondaries Priced: None of note. Notes Priced:   None of note. Common Stock filings:   AUPH of note. Mixed Shelf Offerings filed:  None of note. Convertible Offering Files:  LITE of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat: None of note. Missed: None of note. Hourly Action This Week: Close of 12/6. News After The Close (In Order of Time) Fitch affirms AAA rating on Sweden. DBRS Morningstar affirms Denmark with a AAA rating and Poland with a A rating. Bluebirdbio (BLUE) and Bristol Myers (BMY) met primary endpoint and key secondary endpoint on Ph 2 KarMMa study ide-cel. Barron’s positive on DAR CODI QLYS LECO HASI EXPE CLF GOOG SKX . Trump Administration seeks to block two judges from joining WTO, effectively blocking and international trade disputes. Hong Kong protesters hold largest demonstration in weeks. Chinese exports to the U.S. fell 23% while soybean imports rose 41% but no disclosure on what country the imports came from. North Korea says denuclearization is off the table. Stock Repurchase Announcements: CSIQ  AM Dividend Increase:  MORN PNM  Gap Higher: XBIT +152%, ARQL +102%, FATE +22%, PCG +21%, BLUE +6%.  Gap Lower: DPLO -31%, KOS -4%,  What’s Happening This Morning: Futures value…

IPOs on deck:   None of note. IPOs Filed: None filed after the close. Secondaries Priced: None of note. Notes Priced:   None of note. Common Stock filings:   AUPH of note. Mixed Shelf Offerings filed:  None of note. Convertible Offering Files:  LITE of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat: None of note. Missed: None of note. Hourly Action This Week: Close of 12/6. News After The Close (In Order of Time) Fitch affirms AAA rating on Sweden. DBRS Morningstar affirms Denmark with a AAA rating and Poland with a A rating. Bluebirdbio (BLUE) and Bristol Myers (BMY) met primary endpoint and key secondary endpoint on Ph 2 KarMMa study ide-cel. Barron’s positive on DAR CODI QLYS LECO HASI EXPE CLF GOOG SKX . Trump Administration seeks to block two judges from joining WTO, effectively blocking and international trade disputes. Hong Kong protesters hold largest demonstration in weeks. Chinese exports to the U.S. fell 23% while soybean imports rose 41% but no disclosure on what country the imports came from. North Korea says denuclearization is off the table. Stock Repurchase Announcements: CSIQ  AM Dividend Increase:  MORN PNM  Gap Higher: XBIT +152%, ARQL +102%, FATE +22%, PCG +21%, BLUE +6%.  Gap Lower: DPLO -31%, KOS -4%,  What’s Happening This Morning: Futures value…

CAPIS Morning Note – 12/6/19 Jobs Friday

Morning Note

Morning Note

posted by CAPIS on 12/06/2019 at 7:25 am
by CAPIS on 12/06/2019

Breaking News –  Key Television Interviews – White House Economic Advisor Larry Kudlow on Bloomberg at 9:45 a.m. EDT wit Jonathan Ferro. IPOs on deck:   None of note. IPOs Filed: None filed after the close. Secondaries Priced: EVRI GDS DT PLUG of note. Notes Priced:   None of note. Common Stock filings:  ISEE of note. Mixed Shelf Offerings filed:  None of note. Convertible Offering Files:  None of note. Senior Notes Filed:  STAR of note. Courtesy of IPO Financial Earnings After The Close: Beat:  DOMO +0.16, ZUMZ +0.15, ULTA +0.12, GWRE +0.10, DOCU +0.07, ZM +0.06, CRWD +0.05, OKTA +0.05, CLDR +0.03, ZUO +0.03, COO +0.03, MDLA +0.02, AOBC +0.02, FIZZ +0.02 of note. Flat:  EZPW KFY Missed:  SAIC (0.06), PD (0.01), YEXT (0.01) of note. Hourly Action This Week: Close of 12/5. News After The Close (In Order of Time) Hawaiian Holdings (HA) reported November Traffic up 4.1%  with Capacity up 3.6% and Load Factor 84.6%. Magellan Health (MGLN) names James Murray as President and COO, company will not release 2020 financial guidance now. Stock Repurchase Announcements:  AXSM CLBK Dividend Increase:  EBSB CHRW BMY HI OC EMN DEI  THG (as well as special dividend) AXS  RCII Gap Higher: DOMO +23%, DOCU +13%, ULTA +10%, ZUMZ +9%, EIGI +8%, MDLA +7%, GRTX +6%, EZPW +6%, FIZZ +6%, CRWD +6%, CLDR +5%, KODK +5%, BIG +4%, BIG +4%, AOBC +4% Gap Lower: YEXT -20%, PD -17%, KFY -9%, ZM -9%, SAIC -8%, PLUG -5%,…

Breaking News –  Key Television Interviews – White House Economic Advisor Larry Kudlow on Bloomberg at 9:45 a.m. EDT wit Jonathan Ferro. IPOs on deck:   None of note. IPOs Filed: None filed after the close. Secondaries Priced: EVRI GDS DT PLUG of note. Notes Priced:   None of note. Common Stock filings:  ISEE of note. Mixed Shelf Offerings filed:  None of note. Convertible Offering Files:  None of note. Senior Notes Filed:  STAR of note. Courtesy of IPO Financial Earnings After The Close: Beat:  DOMO +0.16, ZUMZ +0.15, ULTA +0.12, GWRE +0.10, DOCU +0.07, ZM +0.06, CRWD +0.05, OKTA +0.05, CLDR +0.03, ZUO +0.03, COO +0.03, MDLA +0.02, AOBC +0.02, FIZZ +0.02 of note. Flat:  EZPW KFY Missed:  SAIC (0.06), PD (0.01), YEXT (0.01) of note. Hourly Action This Week: Close of 12/5. News After The Close (In Order of Time) Hawaiian Holdings (HA) reported November Traffic up 4.1%  with Capacity up 3.6% and Load Factor 84.6%. Magellan Health (MGLN) names James Murray as President and COO, company will not release 2020 financial guidance now. Stock Repurchase Announcements:  AXSM CLBK Dividend Increase:  EBSB CHRW BMY HI OC EMN DEI  THG (as well as special dividend) AXS  RCII Gap Higher: DOMO +23%, DOCU +13%, ULTA +10%, ZUMZ +9%, EIGI +8%, MDLA +7%, GRTX +6%, EZPW +6%, FIZZ +6%, CRWD +6%, CLDR +5%, KODK +5%, BIG +4%, BIG +4%, AOBC +4% Gap Lower: YEXT -20%, PD -17%, KFY -9%, ZM -9%, SAIC -8%, PLUG -5%,…

CAPIS Morning Note – 12/5/19 Trade Still Front And Center

Morning Note

Morning Note

posted by CAPIS on 12/05/2019 at 7:23 am
by CAPIS on 12/05/2019

Breaking News – United (UAL) CEO Oscar Munoz to move to Chairman and Scott Kirby to become CEO. IPOs on deck:   LMP Automotive (LMPX)  of note. IPOs Filed: None filed after the close. Secondaries Priced:  ARDX RC  TUFN MLND IMMU CCC NJR of note. Notes Priced:   MDRX of note. Common Stock filings: RC NJR EVRI MKND OMER  GHS ARDX  PIRS EVOP of note. Mixed Shelf Offerings filed: EVRI OMER LMRK  of note. Convertible Offering Files: MOGA of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat: RH +0.48, CMTL +0.19, POWL +0.18, GEF +0.15, ESTC +0.09, VRNT +0.08, HRB +0.07, WORK +0.06, SMAR +0.03, SNPS +0.02, TLYS +0.02, HOME +0.02, PGNY +0.01, FIVE +0.01, SMTC +0.01 of note. Flat: SPWH Missed: DSGX (0.01) of note. Hourly Action This Week: Close of 12/2. News After The Close (In Order of Time) NetApp (NTAP) picks up a three year contract from the State of California Department of General Services for data center update and hybrid cloud infrastructure solutions. At Home Group (HOME) gives downside guidance. Wayfair (W) sees 36% increase in 5 day holiday shopping period. Costco (COST) sees November comps +5.3% despite calendar shift Stock Repurchase Announcements: …

Breaking News – United (UAL) CEO Oscar Munoz to move to Chairman and Scott Kirby to become CEO. IPOs on deck:   LMP Automotive (LMPX)  of note. IPOs Filed: None filed after the close. Secondaries Priced:  ARDX RC  TUFN MLND IMMU CCC NJR of note. Notes Priced:   MDRX of note. Common Stock filings: RC NJR EVRI MKND OMER  GHS ARDX  PIRS EVOP of note. Mixed Shelf Offerings filed: EVRI OMER LMRK  of note. Convertible Offering Files: MOGA of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat: RH +0.48, CMTL +0.19, POWL +0.18, GEF +0.15, ESTC +0.09, VRNT +0.08, HRB +0.07, WORK +0.06, SMAR +0.03, SNPS +0.02, TLYS +0.02, HOME +0.02, PGNY +0.01, FIVE +0.01, SMTC +0.01 of note. Flat: SPWH Missed: DSGX (0.01) of note. Hourly Action This Week: Close of 12/2. News After The Close (In Order of Time) NetApp (NTAP) picks up a three year contract from the State of California Department of General Services for data center update and hybrid cloud infrastructure solutions. At Home Group (HOME) gives downside guidance. Wayfair (W) sees 36% increase in 5 day holiday shopping period. Costco (COST) sees November comps +5.3% despite calendar shift Stock Repurchase Announcements: …

CAPIS Morning Note -12/4/19 Trade Talks Now Viewed As Progressing. ADP Payroll Misses.

Morning Note

Morning Note

posted by CAPIS on 12/04/2019 at 7:30 am
by CAPIS on 12/04/2019

Breaking News – ADP Payroll comes in light at 67,000 from expected 175,000. IPOs on deck:   None of note. IPOs Filed: None filed after the close. Secondaries Priced: ARWR VRAY RLMD CNNEKOD   of note. Notes Priced:   None of note. Common Stock filings:  RVNC  IMMU ADMS RLMD VYGR DT CNNE  of note. Mixed Shelf Offerings filed: ADMS of note. Convertible Offering Files:  MDRX of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat: HQY +0.24, WDAY +0.16, CRM +0.09, AVAV +0.05, ZA +0.02 of note. Flat: MRVL Missed: None of note. Hourly Action This Week: Close of 12/2. News After The Close (In Order of Time) Old Dominion Freight (ODFL) November numbers reflect softness in the U.S. economy. Alphabet (GOOGL) names Sundar Pichai CEO of both Google and Alphabet. Larry Page to step down as CEO of Alphabet. Stock Repurchase Announcements:  MA RUSHA VNET  Dividend Increase:  ADC TTC MA MED  Gap Higher: LCI +19%, HQY +14%, RAPT +8%, TTM +8%, GPRO +8%, DRD +7%, XXII +5%, IBN +4%, INMD +4%, SOXL +4%, UWT +4%. Gap Lower: VRAY -14%, RVNC -11%, CNNE -9%, ADMS -8%, IMMU -8%, RLMD -7%, ARWR -7%, TVIX -7%, UVXY -5%, ORAN -5%, ZS -4%, DT -4%, WDAY -4%, DWT -4%, VYGR -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 +12 Dow Jones Industrial Average +135 NASDAQ +44 Russell 2000 +9.67 Fair values are mixed. Asia and…

Breaking News – ADP Payroll comes in light at 67,000 from expected 175,000. IPOs on deck:   None of note. IPOs Filed: None filed after the close. Secondaries Priced: ARWR VRAY RLMD CNNEKOD   of note. Notes Priced:   None of note. Common Stock filings:  RVNC  IMMU ADMS RLMD VYGR DT CNNE  of note. Mixed Shelf Offerings filed: ADMS of note. Convertible Offering Files:  MDRX of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat: HQY +0.24, WDAY +0.16, CRM +0.09, AVAV +0.05, ZA +0.02 of note. Flat: MRVL Missed: None of note. Hourly Action This Week: Close of 12/2. News After The Close (In Order of Time) Old Dominion Freight (ODFL) November numbers reflect softness in the U.S. economy. Alphabet (GOOGL) names Sundar Pichai CEO of both Google and Alphabet. Larry Page to step down as CEO of Alphabet. Stock Repurchase Announcements:  MA RUSHA VNET  Dividend Increase:  ADC TTC MA MED  Gap Higher: LCI +19%, HQY +14%, RAPT +8%, TTM +8%, GPRO +8%, DRD +7%, XXII +5%, IBN +4%, INMD +4%, SOXL +4%, UWT +4%. Gap Lower: VRAY -14%, RVNC -11%, CNNE -9%, ADMS -8%, IMMU -8%, RLMD -7%, ARWR -7%, TVIX -7%, UVXY -5%, ORAN -5%, ZS -4%, DT -4%, WDAY -4%, DWT -4%, VYGR -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 +12 Dow Jones Industrial Average +135 NASDAQ +44 Russell 2000 +9.67 Fair values are mixed. Asia and…

CAPIS Morning Note – 12/3/19 Futures Crash As President Trump Vacillates On Trade Deal

Morning Note

Morning Note

posted by CAPIS on 12/03/2019 at 7:37 am
by CAPIS on 12/03/2019

Watch For Today- The number of tape bombs related to China trade issues is on the rise. Expect the unexpected. IPOs on deck:   None of note. IPOs Filed: None filed after the close. Secondaries Priced: ASLN CWEN AER of note. Notes Priced:   None of note. Common Stock filings: VRAY ARWR TUFN CWEN AER KOD PLUG of note. Mixed Shelf Offerings filed: ARWR PLUGof note. Convertible Offering Files:  None of note. Senior Notes Filed:  TWTR of note. Courtesy of IPO Financial Earnings After The Close: Beat: COUP +0.14 of note. Missed: None of note. Hourly Action This Week: Close of 11/29. News After The Close (In Order of Time) Wells Fargo (WFC) names Scott Powell as new COO as of next Monday. United Health (UNH) preannounces Fiscal year 2019 above estimates. J.C Penney (JCP) regained compliance with the NYSE. International Game & Technologies (IGT) CFO Alberto Fornaro leaves to pursue other opportunities. General Dynamics (GD) wins $22.2 billion Navy contract. Lockheed Martin (LMT) wins $989 million Air Force contract. Index Changes – ODFL to join S&P 500, CCMP to join S&P 400 and S&P 600 adds RC and ILPT. Stock Repurchase Announcements:  CW PPBI NTB Dividend Increase: CWH (special dividend)  BKE Gap Higher: BOLD +107%, NK +26%, VRAY +22%, QURE +18%, AXSM +12%, ARDX +11%, UGAZ +8%, HMY +8%, SBGL +5%, TVIX +5%, UVXY +4%, AKS +4%, JNUG +4%. Gap Lower: ASLN -46%, CBL -35%, KOD -14%, PLUG -11%, CLF -10%, TUFN -7%, ARWR -4%, TTEC -4%, FSV -4%, GOGL -4%. What’s…

Watch For Today- The number of tape bombs related to China trade issues is on the rise. Expect the unexpected. IPOs on deck:   None of note. IPOs Filed: None filed after the close. Secondaries Priced: ASLN CWEN AER of note. Notes Priced:   None of note. Common Stock filings: VRAY ARWR TUFN CWEN AER KOD PLUG of note. Mixed Shelf Offerings filed: ARWR PLUGof note. Convertible Offering Files:  None of note. Senior Notes Filed:  TWTR of note. Courtesy of IPO Financial Earnings After The Close: Beat: COUP +0.14 of note. Missed: None of note. Hourly Action This Week: Close of 11/29. News After The Close (In Order of Time) Wells Fargo (WFC) names Scott Powell as new COO as of next Monday. United Health (UNH) preannounces Fiscal year 2019 above estimates. J.C Penney (JCP) regained compliance with the NYSE. International Game & Technologies (IGT) CFO Alberto Fornaro leaves to pursue other opportunities. General Dynamics (GD) wins $22.2 billion Navy contract. Lockheed Martin (LMT) wins $989 million Air Force contract. Index Changes – ODFL to join S&P 500, CCMP to join S&P 400 and S&P 600 adds RC and ILPT. Stock Repurchase Announcements:  CW PPBI NTB Dividend Increase: CWH (special dividend)  BKE Gap Higher: BOLD +107%, NK +26%, VRAY +22%, QURE +18%, AXSM +12%, ARDX +11%, UGAZ +8%, HMY +8%, SBGL +5%, TVIX +5%, UVXY +4%, AKS +4%, JNUG +4%. Gap Lower: ASLN -46%, CBL -35%, KOD -14%, PLUG -11%, CLF -10%, TUFN -7%, ARWR -4%, TTEC -4%, FSV -4%, GOGL -4%. What’s…

CAPIS Morning Note -12/2/19 Trump Restores Tariffs in Brazil and Argentina, Welcome To December!

Morning Note

Morning Note

posted by CAPIS on 12/02/2019 at 7:51 am
by CAPIS on 12/02/2019

Watch For Today- U.S. Trade Representative will issue report on France’s digital tax on U.S. today.  IPOs on deck:   None of note. IPOs Filed: None filed after the close. Secondaries Priced: None of note. Notes Priced:   None 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: None of note. Missed: None of note. Hourly Action This Week: Close of 11/29. News After The Close (In Order of Time) China wants some tariffs rolled back and others to be suspended in the future for Phase One Deal. North Korea threatens Japan with “real ballistic missile”. Black Friday online sales were strong on Friday coming in at $7.4 billion while brick & mortar sale fell by 6.2%. President Trump to discuss China and 5G at the NATO summit this week. Barron’s positive on MSFT CSCO INTC IBM HPQ SKT SU GOOS  CVX COP BP TOT BURL. Barron’s negative on XRX M ABMD MMM OXY. Hong Kong protests are hitting Hong Kong Disney attendance, DIS. Weather has disrupted travel throughout the U.S. Stock Repurchase Announcements:   Dividend Increase:  Gap Higher: ASLN +89%, EVFM +41%, CDXC +13%, UWT +5% Gap Lower:…

Watch For Today- U.S. Trade Representative will issue report on France’s digital tax on U.S. today.  IPOs on deck:   None of note. IPOs Filed: None filed after the close. Secondaries Priced: None of note. Notes Priced:   None 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: None of note. Missed: None of note. Hourly Action This Week: Close of 11/29. News After The Close (In Order of Time) China wants some tariffs rolled back and others to be suspended in the future for Phase One Deal. North Korea threatens Japan with “real ballistic missile”. Black Friday online sales were strong on Friday coming in at $7.4 billion while brick & mortar sale fell by 6.2%. President Trump to discuss China and 5G at the NATO summit this week. Barron’s positive on MSFT CSCO INTC IBM HPQ SKT SU GOOS  CVX COP BP TOT BURL. Barron’s negative on XRX M ABMD MMM OXY. Hong Kong protests are hitting Hong Kong Disney attendance, DIS. Weather has disrupted travel throughout the U.S. Stock Repurchase Announcements:   Dividend Increase:  Gap Higher: ASLN +89%, EVFM +41%, CDXC +13%, UWT +5% Gap Lower:…

CAPIS Morning Note -11/29/19 Stock Market To Close at 1:00 P.M. EDT

Morning Note

Morning Note

posted by CAPIS on 11/29/2019 at 8:07 am
by CAPIS on 11/29/2019

Breaking News- Iraqi Prime Minister Adil Addul Nahdi to resign. IPOs on deck:   None of note. IPOs Filed: None filed after the close. Secondaries Priced: None of note. Notes Priced:   None of note. Common Stock filings: None of note. Mixed Shelf Offerings filed:  SENS 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. Hourly Action This Week: Close of 11/26. News After The Close (In Order of Time) Consolidated-Tomoka Land (CTO) sells 20 income properties to Alpine Income Property Trust. President Trump made a surprise visit to Afghanistan for Thanksgiving. Index changes WRB to join the S&P 500 and RLI to join the S&P 400. JOE to join the S&P 600. President Trump signed the Hong Kong Human Rights Bill late Wednesday. Stock Repurchase Announcements:  NTR Dividend Increase:  Gap Higher: TECD +12%, TIGO +4% Gap Lower: PCG -10% 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 -43 NASDAQ -20 Russell 2000 -4.80 Fair values are lower. Asia and Europe mixed. Gold higher with silver and copper lower. WTI Crude Oil and Brent…

Breaking News- Iraqi Prime Minister Adil Addul Nahdi to resign. IPOs on deck:   None of note. IPOs Filed: None filed after the close. Secondaries Priced: None of note. Notes Priced:   None of note. Common Stock filings: None of note. Mixed Shelf Offerings filed:  SENS 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. Hourly Action This Week: Close of 11/26. News After The Close (In Order of Time) Consolidated-Tomoka Land (CTO) sells 20 income properties to Alpine Income Property Trust. President Trump made a surprise visit to Afghanistan for Thanksgiving. Index changes WRB to join the S&P 500 and RLI to join the S&P 400. JOE to join the S&P 600. President Trump signed the Hong Kong Human Rights Bill late Wednesday. Stock Repurchase Announcements:  NTR Dividend Increase:  Gap Higher: TECD +12%, TIGO +4% Gap Lower: PCG -10% 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 -43 NASDAQ -20 Russell 2000 -4.80 Fair values are lower. Asia and Europe mixed. Gold higher with silver and copper lower. WTI Crude Oil and Brent…

CAPIS Morning Note -11/27 Happy Thanksgiving!

Morning Note

Morning Note

posted by CAPIS on 11/27/2019 at 8:19 am
by CAPIS on 11/27/2019

Breaking News- Fox Business Host Maria Bartiromo tweets that USMCA will be voted on the floor next week and become law the week of the 12/9/ IPOs on deck:   None of note. IPOs Filed: None filed after the close. Secondaries Priced: None of note. Notes Priced:   None of note. Common Stock filings: ARAV 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: DELL +0.16, KEYS +0.15, ADSK +0.06, VMW +0.06, VEEV +0.06, GES +0.04, QADA +0.04, HPQ +0.02 of note. Missed: CENT (0.13) of note. Flat: BOX +0.00 Hourly Action This Week: Close of 11/25. News After The Close (In Order of Time) Science Applications (SAIC) has secured $582 million in intelligence and space contracts. Lockheed Martin (LMT) wins Navy contracts worth $830 million and $330 million. Stock Repurchase Announcements:   Dividend Increase:  MKC Gap Higher: EDIT +4% Gap Lower: ARAV -15%, CENT -14%, GES -6%, DE -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 +7 Dow Jones Industrial Average +31 NASDAQ +27 Russell 2000 +4.32 Fair values are lower. Asia and Europe mixed. Gold, silver and copper higher.…

Breaking News- Fox Business Host Maria Bartiromo tweets that USMCA will be voted on the floor next week and become law the week of the 12/9/ IPOs on deck:   None of note. IPOs Filed: None filed after the close. Secondaries Priced: None of note. Notes Priced:   None of note. Common Stock filings: ARAV 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: DELL +0.16, KEYS +0.15, ADSK +0.06, VMW +0.06, VEEV +0.06, GES +0.04, QADA +0.04, HPQ +0.02 of note. Missed: CENT (0.13) of note. Flat: BOX +0.00 Hourly Action This Week: Close of 11/25. News After The Close (In Order of Time) Science Applications (SAIC) has secured $582 million in intelligence and space contracts. Lockheed Martin (LMT) wins Navy contracts worth $830 million and $330 million. Stock Repurchase Announcements:   Dividend Increase:  MKC Gap Higher: EDIT +4% Gap Lower: ARAV -15%, CENT -14%, GES -6%, DE -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 +7 Dow Jones Industrial Average +31 NASDAQ +27 Russell 2000 +4.32 Fair values are lower. Asia and Europe mixed. Gold, silver and copper higher.…

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