Morning Note

252 total posts

CAPIS Morning Note – 10/23/19 Futures Struggling On Several Earnings Misses

Morning Note

Morning Note

posted by CAPIS on 10/23/2019 at 7:46 am
by CAPIS on 10/23/2019

Corporate Actions IPOs on deck:  None of note. IPOs Filed: None filed after the close. Secondaries on deck: BIOL SLNO NMFC  of note. Notes Priced:  None of note. Common Stock filings: OPK NMFC 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:  IRBT +0.70, CMG +0.60, HA +0.39, MTH +0.30, USNA +0.22, WRB +0.18, MANH +0.15, CSL +0.11, CSGP +0.09, DFS +0.09, WHR +0.07, TER +0.07, NAVI +0.05, UCBI +0.05, EEFT +0.04, HIW +0.04, NBHC +0.04, CNI +0.04, EQR +0.03, FMBI +0.03, FULT +0.02, MPWR +0.02, TRMK +0.02, SNAP +0.01  of note. Missed: SIX (0.21), LRN (0.05), HCSG (0.03), TXN (0.02), SKX (0.02), NTB (0.01)  of note Flat: BYD News After The Close: (In time order after the close) AngioDynamics (ANGO) CFO leaves and company reaffirms guidance. Nike (NKE) names John Donahoe as CEO and will leave ServiceNow (NOW) where Bill McDermott named as CEO.  Last week McDermott stepped down from SAP recently. United Technologies (UTX) CFO Akhil Johri to leave 11/1. Russia and Turkey to remove Kurdish fighters from Northern Syria. (The Washington Post) iRobot (IRBT) cuts guidance and stock down -20%. Index Changes: S&P 600 will add Hanger…

Corporate Actions IPOs on deck:  None of note. IPOs Filed: None filed after the close. Secondaries on deck: BIOL SLNO NMFC  of note. Notes Priced:  None of note. Common Stock filings: OPK NMFC 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:  IRBT +0.70, CMG +0.60, HA +0.39, MTH +0.30, USNA +0.22, WRB +0.18, MANH +0.15, CSL +0.11, CSGP +0.09, DFS +0.09, WHR +0.07, TER +0.07, NAVI +0.05, UCBI +0.05, EEFT +0.04, HIW +0.04, NBHC +0.04, CNI +0.04, EQR +0.03, FMBI +0.03, FULT +0.02, MPWR +0.02, TRMK +0.02, SNAP +0.01  of note. Missed: SIX (0.21), LRN (0.05), HCSG (0.03), TXN (0.02), SKX (0.02), NTB (0.01)  of note Flat: BYD News After The Close: (In time order after the close) AngioDynamics (ANGO) CFO leaves and company reaffirms guidance. Nike (NKE) names John Donahoe as CEO and will leave ServiceNow (NOW) where Bill McDermott named as CEO.  Last week McDermott stepped down from SAP recently. United Technologies (UTX) CFO Akhil Johri to leave 11/1. Russia and Turkey to remove Kurdish fighters from Northern Syria. (The Washington Post) iRobot (IRBT) cuts guidance and stock down -20%. Index Changes: S&P 600 will add Hanger…

CAPIS Morning Note – 10/22/19 Another Day, Another Brexit Vote

Morning Note

Morning Note

posted by CAPIS on 10/22/2019 at 7:49 am
by CAPIS on 10/22/2019

Breaking News –  Corporate Actions IPOs on deck:  None of note. IPOs Filed: None filed after the close. Secondaries on deck: STIC of note. Notes Priced:  None of note. Common Stock filings: TNP SITC 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: HMST +0.21, LOGI +0.11, AMTD +0.09, ZION +0.09, BXS +0.08, HSTM +0.05, HLX +0.05, CDNS +0.03, CE +0.03, ELS +0.02, HXL +0.02, HOPE +0.02, ACC +0.01, IBTX +0.01  of note. Missed: RNST (0.06), TACO (0.04) of note News After The Close: (In time order after the close) TD Ameritrade (AMTD) notes that zero commissions will impact revenues by 15-16%. Howard Hughes (HHC) names Paul Layne as CEOand announces Transformation Plan following strategic review. Stamps.com (STMP) announces collaborative shipping solutions with the U.S. Post Office. Stock Repurchase: RNST CNC DOOO Dividend Increase: SFBS AMTD Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: BIIB +43%, STMP +30%, GNC +20%, FBP +12%, SNV +6%, AMTD +4%, CDNS +4% Gap Lower: HHC -16%, TACO -13%, PII -9%, HAS -9%, TNP -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 +4 Dow Jones Industrial Average -7 NASDAQ +27 Russell 2000 +3  Fair values are lower. Asia higher…

Breaking News –  Corporate Actions IPOs on deck:  None of note. IPOs Filed: None filed after the close. Secondaries on deck: STIC of note. Notes Priced:  None of note. Common Stock filings: TNP SITC 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: HMST +0.21, LOGI +0.11, AMTD +0.09, ZION +0.09, BXS +0.08, HSTM +0.05, HLX +0.05, CDNS +0.03, CE +0.03, ELS +0.02, HXL +0.02, HOPE +0.02, ACC +0.01, IBTX +0.01  of note. Missed: RNST (0.06), TACO (0.04) of note News After The Close: (In time order after the close) TD Ameritrade (AMTD) notes that zero commissions will impact revenues by 15-16%. Howard Hughes (HHC) names Paul Layne as CEOand announces Transformation Plan following strategic review. Stamps.com (STMP) announces collaborative shipping solutions with the U.S. Post Office. Stock Repurchase: RNST CNC DOOO Dividend Increase: SFBS AMTD Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: BIIB +43%, STMP +30%, GNC +20%, FBP +12%, SNV +6%, AMTD +4%, CDNS +4% Gap Lower: HHC -16%, TACO -13%, PII -9%, HAS -9%, TNP -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 +4 Dow Jones Industrial Average -7 NASDAQ +27 Russell 2000 +3  Fair values are lower. Asia higher…

CAPIS Morning Note -10/21/19 China Growth Slows Says IMF

Morning Note

Morning Note

posted by CAPIS on 10/21/2019 at 7:35 am
by CAPIS on 10/21/2019

Breaking News –  Corporate Actions IPOs on deck:  None of note. IPOs Filed: None filed after the close. Secondaries on deck: None of note. Notes Priced:  None of note. Common Stock filings: None of note. Mixed Shelf Offerings filed: RLMD 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 Flat: None of note. News After The Close: (In time order after the close) Quaker Chemical (KWR) lowers 2019 guidance. Textron (TXT) wins a piece of $6.4 billion Air Force contract. Opiod trial to begin against Cardinal Health (CAH), McKesson (MCK) and Amerisource Bergen (ABC). The British Parliament “kicks the can down the road” again and delays Brexit vote. Barron’s positive on DIS NFLX CMCSA CBS VIAB ROKU AAPL AMZN COP EMR PFE MDT CERN EYE . Cautious on CSCO IBM BA. President Trump took The Doral Resort out of the running for the G-7 Meeting over the weekend. Chinese Vice Premier Liu He will work with U.S. to address concerns over trade deal. Huawei in early discussions to licnese 5G to U.S. firms. Facebook (FB) licenses a deal with The Wall Street Journal…

Breaking News –  Corporate Actions IPOs on deck:  None of note. IPOs Filed: None filed after the close. Secondaries on deck: None of note. Notes Priced:  None of note. Common Stock filings: None of note. Mixed Shelf Offerings filed: RLMD 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 Flat: None of note. News After The Close: (In time order after the close) Quaker Chemical (KWR) lowers 2019 guidance. Textron (TXT) wins a piece of $6.4 billion Air Force contract. Opiod trial to begin against Cardinal Health (CAH), McKesson (MCK) and Amerisource Bergen (ABC). The British Parliament “kicks the can down the road” again and delays Brexit vote. Barron’s positive on DIS NFLX CMCSA CBS VIAB ROKU AAPL AMZN COP EMR PFE MDT CERN EYE . Cautious on CSCO IBM BA. President Trump took The Doral Resort out of the running for the G-7 Meeting over the weekend. Chinese Vice Premier Liu He will work with U.S. to address concerns over trade deal. Huawei in early discussions to licnese 5G to U.S. firms. Facebook (FB) licenses a deal with The Wall Street Journal…

CAPIS Morning Note – 10/18/19 China Growth Slows to 6%

Morning Note

Morning Note

posted by CAPIS on 10/18/2019 at 8:11 am
by CAPIS on 10/18/2019

Breaking News –  Corporate Actions IPOs on deck:  Galileo Acquisition Unit of note. IPOs Filed: None filed after the close. Secondaries on deck: TW KOF of note. Notes Priced:  of note. Common Stock filings: NNA 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: ISRG +0.44, ETFC +0.06, WAL +0.05, TEAM +0.04, EXPO +0.02, MRTN +0.02, FFBC +0.01, FFIN +0.01, PBCT +0.01, WDFC +0.01 of note. Missed: OZK (0.01) of note Flat: BDN +0.00 of note. News After The Close: (In time order after the close) Huntington Banc (HBAN) names Zachery Wasserman as CFO. Covenant Transport (CVTI) lowers Q3 guidance. Transocean (RIG) provides fleet update and adds $75 million of backlog bringing total to $10.8 billion. Secretary of Energy Rick Perry announces that he will be stepping down. Nordstrom (JWN) sees its Treasurer and Chief Accounting Officer Kelley Hall leave, names Anne L. Bramman who is CFO to Chief Accounting Officer. AT&T (T) reaches potential resolution with Elliott Management that includes a strategic review. Stock Repurchase:  Dividend Increase: SXT Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: RDHL +10%, QTNT +9%, ENDP +7%, MRTN +4% Gap Lower: GIL -18%, NNA -17%, CVTI -13%, BDN -11%, HBI -5%, WDFC -5%, EXPO -4% What’s Happening This Morning: Futures…

Breaking News –  Corporate Actions IPOs on deck:  Galileo Acquisition Unit of note. IPOs Filed: None filed after the close. Secondaries on deck: TW KOF of note. Notes Priced:  of note. Common Stock filings: NNA 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: ISRG +0.44, ETFC +0.06, WAL +0.05, TEAM +0.04, EXPO +0.02, MRTN +0.02, FFBC +0.01, FFIN +0.01, PBCT +0.01, WDFC +0.01 of note. Missed: OZK (0.01) of note Flat: BDN +0.00 of note. News After The Close: (In time order after the close) Huntington Banc (HBAN) names Zachery Wasserman as CFO. Covenant Transport (CVTI) lowers Q3 guidance. Transocean (RIG) provides fleet update and adds $75 million of backlog bringing total to $10.8 billion. Secretary of Energy Rick Perry announces that he will be stepping down. Nordstrom (JWN) sees its Treasurer and Chief Accounting Officer Kelley Hall leave, names Anne L. Bramman who is CFO to Chief Accounting Officer. AT&T (T) reaches potential resolution with Elliott Management that includes a strategic review. Stock Repurchase:  Dividend Increase: SXT Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: RDHL +10%, QTNT +9%, ENDP +7%, MRTN +4% Gap Lower: GIL -18%, NNA -17%, CVTI -13%, BDN -11%, HBI -5%, WDFC -5%, EXPO -4% What’s Happening This Morning: Futures…

CAPIS Morning Note – 10/17/19 Britain and E.U. Agree On Brexit Deal, Now Off To Parliament

Morning Note

Morning Note

posted by CAPIS on 10/17/2019 at 7:36 am
by CAPIS on 10/17/2019

Breaking News –  White House Council of Economic Advisors Head Larry Kudlow to be interviewed on CNBC shortly. Corporate Actions IPOs on deck:  BellRing Brands (BRBR) and Innate Pharma (IPHA) of note. IPOs Filed: None filed after the close. Secondaries on deck:  NTRA PAGS of note. Notes Priced: X 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:  URI +0.19, TCBI +0.19, WTFC +0.07, CCI +0.06, CSX +0.06, CNS +0.04, NFLX +0.04, CATY +0.03, IBM +0.02, SLG +0.02, EGBN +0.01, UMPQ +0.01, WAFD +0.01  of note. Missed:  AA (0.16), KMI (0.02) of note Flat: CCK +0.00, LLNW +0.00, STLD +0.00, TBK +0.00 of note. News After The Close: (In time order after the close) Crown Castle (CCI) receives SEC subpoena for discovery back to 2015. Tandem Diabetes Care (TNDM) announces The New England Journal of Medicine has published on t:slim X2 insulin pump. GameStop (GME) hires a new Chief Accounting Officer Bernard Colpitts who comes to GameStop from On Semiconductor (ON). Stock Repurchase:  Dividend Increase: CNXM  Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: LLNW +14%, NFLX +8%, ERIC +8%, CSX +4% Gap…

Breaking News –  White House Council of Economic Advisors Head Larry Kudlow to be interviewed on CNBC shortly. Corporate Actions IPOs on deck:  BellRing Brands (BRBR) and Innate Pharma (IPHA) of note. IPOs Filed: None filed after the close. Secondaries on deck:  NTRA PAGS of note. Notes Priced: X 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:  URI +0.19, TCBI +0.19, WTFC +0.07, CCI +0.06, CSX +0.06, CNS +0.04, NFLX +0.04, CATY +0.03, IBM +0.02, SLG +0.02, EGBN +0.01, UMPQ +0.01, WAFD +0.01  of note. Missed:  AA (0.16), KMI (0.02) of note Flat: CCK +0.00, LLNW +0.00, STLD +0.00, TBK +0.00 of note. News After The Close: (In time order after the close) Crown Castle (CCI) receives SEC subpoena for discovery back to 2015. Tandem Diabetes Care (TNDM) announces The New England Journal of Medicine has published on t:slim X2 insulin pump. GameStop (GME) hires a new Chief Accounting Officer Bernard Colpitts who comes to GameStop from On Semiconductor (ON). Stock Repurchase:  Dividend Increase: CNXM  Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: LLNW +14%, NFLX +8%, ERIC +8%, CSX +4% Gap…

CAPIS Morning Note – 10/16/19 Futures Down Slightly, Retail Sales Drop -0.3%

Morning Note

Morning Note

posted by CAPIS on 10/16/2019 at 7:37 am
by CAPIS on 10/16/2019

Breaking News –   Corporate Actions IPOs on deck: Karat Packaging (KRAT) of note. IPOs Filed: None filed after the close. Secondaries on deck: PRNB PRQR RYTM of note. Notes Priced: None of note. Common Stock filings: PRNB PRQR RYTM NTRA of note. Mixed Shelf Offerings filed:  GRTS ARCE of note. Convertible Offering Files: X of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat: SNBR +0.15, UAL +0.11, PNFP +0.10, HWC +0.02  of note. Missed: JBHT (0.05) of note News After The Close: (In time order after the close) MGM Reorts (MGM) sells Circus Circus Las Vegas to Treasure Island Owner Phil Ruffin for $825 million. Sells Bellgaio for $4.25 billion to Blackstone Real Estate in a joint venture. American Vanguard (AVD) guide Q3 lower. Cuts 2019 revenue guidance. Eaton (ETN) to sell lighting buisness to Signify for $1.4 billion in cash. McKesson (MCK), Cardinal Health (CAH) and AmerisourceBergen (ABC) in talks to settle opioid litigation. Stock Repurchase:  Dividend Increase:  Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: SNBR +10%, MCK +8%, ABC +6%, CDXC +5% Gap Lower: PRQR -12%, RYTM -11%, PRNB -6%, AKBA -4%, X -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 -2…

Breaking News –   Corporate Actions IPOs on deck: Karat Packaging (KRAT) of note. IPOs Filed: None filed after the close. Secondaries on deck: PRNB PRQR RYTM of note. Notes Priced: None of note. Common Stock filings: PRNB PRQR RYTM NTRA of note. Mixed Shelf Offerings filed:  GRTS ARCE of note. Convertible Offering Files: X of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat: SNBR +0.15, UAL +0.11, PNFP +0.10, HWC +0.02  of note. Missed: JBHT (0.05) of note News After The Close: (In time order after the close) MGM Reorts (MGM) sells Circus Circus Las Vegas to Treasure Island Owner Phil Ruffin for $825 million. Sells Bellgaio for $4.25 billion to Blackstone Real Estate in a joint venture. American Vanguard (AVD) guide Q3 lower. Cuts 2019 revenue guidance. Eaton (ETN) to sell lighting buisness to Signify for $1.4 billion in cash. McKesson (MCK), Cardinal Health (CAH) and AmerisourceBergen (ABC) in talks to settle opioid litigation. Stock Repurchase:  Dividend Increase:  Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: SNBR +10%, MCK +8%, ABC +6%, CDXC +5% Gap Lower: PRQR -12%, RYTM -11%, PRNB -6%, AKBA -4%, X -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 -2…

CAPIS Morning Note – 10/15/19 China Balks On Buying $50 Billion of Ag Products, Futures Still Higher Though

Morning Note

Morning Note

posted by CAPIS on 10/15/2019 at 8:00 am
by CAPIS on 10/15/2019

Breaking News –   Corporate Actions IPOs on deck: 2 IPOs on deck this week. IPOs Filed: None filed after the close. Secondaries on deck: 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 News After The Close: (In time order after the close) President Trump enacts sanctions on Turkey including 50% steel tariff. Sanmina (SANM) names Kurt Adzema as CFO. Whiting Petroleum (WLL) may bid for Abraxas Petroleum (AXAS). Stock Repurchase:  Dividend Increase: OHI Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: RETA +34%, SOL +10%, GLUU +9%  Gap Lower:  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 +25 Russell 2000 +4.47 Fair values are lower. Asia mixed and Europe higher. Gold and silver slightly lower with copper lower as well. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, lower vs Pound and lower vs Yen. US…

Breaking News –   Corporate Actions IPOs on deck: 2 IPOs on deck this week. IPOs Filed: None filed after the close. Secondaries on deck: 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 News After The Close: (In time order after the close) President Trump enacts sanctions on Turkey including 50% steel tariff. Sanmina (SANM) names Kurt Adzema as CFO. Whiting Petroleum (WLL) may bid for Abraxas Petroleum (AXAS). Stock Repurchase:  Dividend Increase: OHI Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: RETA +34%, SOL +10%, GLUU +9%  Gap Lower:  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 +25 Russell 2000 +4.47 Fair values are lower. Asia mixed and Europe higher. Gold and silver slightly lower with copper lower as well. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, lower vs Pound and lower vs Yen. US…

CAPIS Morning Note – 10/14/19 Chinese Water Torture

Morning Note

Morning Note

posted by CAPIS on 10/14/2019 at 7:33 am
by CAPIS on 10/14/2019

Breaking News –  Treasury Mnuchin claims U.S. and China have a fundamental agreement that is subject to documentation. (CNBC) Notes December tariffs if no deal. (CNBC) Corporate Actions IPOs on deck: IPOs Filed: None filed after the close. Secondaries on deck: of note. Notes Priced: None of note. Common Stock filings: CLNC of note. Mixed Shelf Offerings filed:  UPS CLNC  of note. Convertible Offering Files:None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat: None of note. Missed: None of note News After The Close: (In time order after the close) CNBC reported five minutes after the close no U.S. and China December tariff decision and no Huawei quid pro for the deal. Asbury Automotice (ABG) CFO Sean Goodman to resign as of 11/15. He goes to AMC Entertainment (AMC) to be new CFO. Visa (V) and Mastercard (MA) also leave the Libra consortium created by Facebook (FB). General Dynamics (GD) awarded $34 million Navy contract. Barron’s Recs: Positive on K JNJ GNRC ATVI EA TTWO DIS AAPL PLCE . Cautious on BBBY. Stock Repurchase:  Dividend Increase:  Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher:  Gap Lower: MT -5% What’s Happening This Morning: Futures…

Breaking News –  Treasury Mnuchin claims U.S. and China have a fundamental agreement that is subject to documentation. (CNBC) Notes December tariffs if no deal. (CNBC) Corporate Actions IPOs on deck: IPOs Filed: None filed after the close. Secondaries on deck: of note. Notes Priced: None of note. Common Stock filings: CLNC of note. Mixed Shelf Offerings filed:  UPS CLNC  of note. Convertible Offering Files:None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat: None of note. Missed: None of note News After The Close: (In time order after the close) CNBC reported five minutes after the close no U.S. and China December tariff decision and no Huawei quid pro for the deal. Asbury Automotice (ABG) CFO Sean Goodman to resign as of 11/15. He goes to AMC Entertainment (AMC) to be new CFO. Visa (V) and Mastercard (MA) also leave the Libra consortium created by Facebook (FB). General Dynamics (GD) awarded $34 million Navy contract. Barron’s Recs: Positive on K JNJ GNRC ATVI EA TTWO DIS AAPL PLCE . Cautious on BBBY. Stock Repurchase:  Dividend Increase:  Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher:  Gap Lower: MT -5% What’s Happening This Morning: Futures…

CAPIS Morning Note – 10/11/19

Morning Note

Morning Note

posted by CAPIS on 10/11/2019 at 7:50 am
by CAPIS on 10/11/2019

Breaking News –   Corporate Actions IPOs on deck: HBT Financial (HBT) and VIR Biotechnology (VIR). IPOs Filed: None filed after the close. Secondaries on deck: AQN of note. Notes Priced: None of note. Common Stock filings: None of note. Mixed Shelf Offerings filed:  EQT of note. Convertible Offering Files:None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat: None of note. Missed: None of note News After The Close: (In time order after the close) Alaska Air (ALK) sees traffic rise +6.4%. Synaptics (SYNA) names Dean Butler as CFO as of 10/21. JELD-WEN (JELD) guides below Q3 consensus. President Trump notes trade talks went well. (CNBC) Kohl’s (KSS) CFO Bruce Besanko to retire and replaced by Jill Timm. SAP CEO Bill McDermott to step down. Company guides higher. Stock Repurchase:  Dividend Increase: SIRI POL TGE Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: LYG +10%, SAP +8%, SLB +7%, ROKU +6%, TLRY +5%, APPN +5%, HSBC +4%, SAVE +4% Gap Lower: XONE -21%, JELD -10%, AMRS -8% What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500 +32 Dow Jones Industrial Average +294 NASDAQ +93 Russell 2000 +23.24 Fair values are mixed. Asia and Europe higher. Gold and silver lower with…

Breaking News –   Corporate Actions IPOs on deck: HBT Financial (HBT) and VIR Biotechnology (VIR). IPOs Filed: None filed after the close. Secondaries on deck: AQN of note. Notes Priced: None of note. Common Stock filings: None of note. Mixed Shelf Offerings filed:  EQT of note. Convertible Offering Files:None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat: None of note. Missed: None of note News After The Close: (In time order after the close) Alaska Air (ALK) sees traffic rise +6.4%. Synaptics (SYNA) names Dean Butler as CFO as of 10/21. JELD-WEN (JELD) guides below Q3 consensus. President Trump notes trade talks went well. (CNBC) Kohl’s (KSS) CFO Bruce Besanko to retire and replaced by Jill Timm. SAP CEO Bill McDermott to step down. Company guides higher. Stock Repurchase:  Dividend Increase: SIRI POL TGE Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: LYG +10%, SAP +8%, SLB +7%, ROKU +6%, TLRY +5%, APPN +5%, HSBC +4%, SAVE +4% Gap Lower: XONE -21%, JELD -10%, AMRS -8% What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500 +32 Dow Jones Industrial Average +294 NASDAQ +93 Russell 2000 +23.24 Fair values are mixed. Asia and Europe higher. Gold and silver lower with…

CAPIS Morning Note – 10/10/19 Let’s Get Ready To Rumble, Trade Talks Begin

Morning Note

Morning Note

posted by CAPIS on 10/10/2019 at 8:02 am
by CAPIS on 10/10/2019

Breaking News –  OPEC cuts oil demand forecast for a third month in a row. (CNBC) Corporate Actions IPOs on deck: BioNTech SE (BNTX) on deck for this week. IPOs Filed: None filed after the close. Secondaries on deck:  None of note. Notes Priced: None of note. Common Stock filings:  SPLK of note. Mixed Shelf Offerings filed:  None of note. Convertible Offering Files:None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat: None of note. Missed: None of note News After The Close: (In time order after the close) Costco (COST) sees September comps up 4.2% with e-commerce up 17.8%. Target (TGT) names Michael Fiddelke as CFO. Bed, Bath & Beyond (BBBY) names new CEO. Mark Tritton comes from Target (TGT) where he was the CMO and an Executive Vice President. Toys ‘R’ Us is back in a collaboration with Target (TGT). California Judge will allow for alternative restructuring plans with bondholders and fire victims putting forward their own plans  for PG&E (PCG). Stock Repurchase:  Dividend Increase:  Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: RARX +107%, BBBY +23% Gap Lower: PCG -36%, HEXO -13%, PHG -8%, ADTN -4% What’s Happening This Morning: Futures value reflects the change with fair value. We…

Breaking News –  OPEC cuts oil demand forecast for a third month in a row. (CNBC) Corporate Actions IPOs on deck: BioNTech SE (BNTX) on deck for this week. IPOs Filed: None filed after the close. Secondaries on deck:  None of note. Notes Priced: None of note. Common Stock filings:  SPLK of note. Mixed Shelf Offerings filed:  None of note. Convertible Offering Files:None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat: None of note. Missed: None of note News After The Close: (In time order after the close) Costco (COST) sees September comps up 4.2% with e-commerce up 17.8%. Target (TGT) names Michael Fiddelke as CFO. Bed, Bath & Beyond (BBBY) names new CEO. Mark Tritton comes from Target (TGT) where he was the CMO and an Executive Vice President. Toys ‘R’ Us is back in a collaboration with Target (TGT). California Judge will allow for alternative restructuring plans with bondholders and fire victims putting forward their own plans  for PG&E (PCG). Stock Repurchase:  Dividend Increase:  Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: RARX +107%, BBBY +23% Gap Lower: PCG -36%, HEXO -13%, PHG -8%, ADTN -4% What’s Happening This Morning: Futures value reflects the change with fair value. We…

CAPIS Morning Note -10/9/19 Let’s Make A Deal

Morning Note

Morning Note

posted by CAPIS on 10/09/2019 at 7:56 am
by CAPIS on 10/09/2019

Breaking News – American Airlines (AAL) to delay return of Boeing (BA) 737 Max to mid January from mid December. Corporate Actions IPOs on deck: Three IPOs on deck for this week. IPOs Filed: None filed after the close. Secondaries on deck: DBVT of note. Notes Priced: None of note. Common Stock filings: DBVT LOOP 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: LEVI +0.03 of note. Missed: None of note Flat: News After The Close: (In time order after the close) NASDAQ (NDAQ) saw equity options trade 133 million contracts versus 157 million in August and 126 million in September of 2006. Fire Eye (FEYE) sees revenues at the high end of its Q3 range, as it held its analyst day. White House announces will not cooperate in the impeachment inquiry. U.S. Steel (X) CFO to resign and to be replaced by Christine Breves Johnson & Johnson (JNJ) to pay $8 billion in Risperdal verdict. Stock Repurchase: AZO Dividend Increase: LAND IP Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: BKD +7% FEYE +6%. Gap Lower: DBVT -7%…

Breaking News – American Airlines (AAL) to delay return of Boeing (BA) 737 Max to mid January from mid December. Corporate Actions IPOs on deck: Three IPOs on deck for this week. IPOs Filed: None filed after the close. Secondaries on deck: DBVT of note. Notes Priced: None of note. Common Stock filings: DBVT LOOP 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: LEVI +0.03 of note. Missed: None of note Flat: News After The Close: (In time order after the close) NASDAQ (NDAQ) saw equity options trade 133 million contracts versus 157 million in August and 126 million in September of 2006. Fire Eye (FEYE) sees revenues at the high end of its Q3 range, as it held its analyst day. White House announces will not cooperate in the impeachment inquiry. U.S. Steel (X) CFO to resign and to be replaced by Christine Breves Johnson & Johnson (JNJ) to pay $8 billion in Risperdal verdict. Stock Repurchase: AZO Dividend Increase: LAND IP Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: BKD +7% FEYE +6%. Gap Lower: DBVT -7%…

CAPIS Morning Note – 10/8/19 Futures Lower As U.S. Expands Blacklist

Morning Note

Morning Note

posted by CAPIS on 10/08/2019 at 7:50 am
by CAPIS on 10/08/2019

Corporate Actions IPOs on deck: Three IPOs on deck for this week. IPOs Filed: None filed after the close. Secondaries on deck:None of note. Notes Priced: None of note. Common Stock filings: AQN of note. Mixed Shelf Offerings filed:  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 Flat: News After The Close: (In time order after the close) Qiagen (QGEN) guides revenues lower. CEO Peter Schatz to leave. Sterling Bancorp (STL) to buy $843 million portfolio from Santander Bank (SAN). Arch Capital (ACGL) sees losses of $65-75 from catastrophe losses in Q3. Hawaiian Holdings (HA) sees September traffic +3% year over year. Raises Q3 operating revenue. Ambarella (AMBA) drops 9% as Department of Commerce blacklists their Chinese customer Hikvision. Despite blacklisting story, President Trump says good chance of a a trade deal with China per CNBC. Stock Repurchase:  Dividend Increase:  Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: NIO +9%, HA +5%, HMY +5% Gap Lower: QGEN -19%, DZSI -18%, AMBA -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 -21 Dow Jones Industrial…

Corporate Actions IPOs on deck: Three IPOs on deck for this week. IPOs Filed: None filed after the close. Secondaries on deck:None of note. Notes Priced: None of note. Common Stock filings: AQN of note. Mixed Shelf Offerings filed:  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 Flat: News After The Close: (In time order after the close) Qiagen (QGEN) guides revenues lower. CEO Peter Schatz to leave. Sterling Bancorp (STL) to buy $843 million portfolio from Santander Bank (SAN). Arch Capital (ACGL) sees losses of $65-75 from catastrophe losses in Q3. Hawaiian Holdings (HA) sees September traffic +3% year over year. Raises Q3 operating revenue. Ambarella (AMBA) drops 9% as Department of Commerce blacklists their Chinese customer Hikvision. Despite blacklisting story, President Trump says good chance of a a trade deal with China per CNBC. Stock Repurchase:  Dividend Increase:  Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: NIO +9%, HA +5%, HMY +5% Gap Lower: QGEN -19%, DZSI -18%, AMBA -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 -21 Dow Jones Industrial…

CAPIS Morning Note – 10/7/2019 The Week Is All About U.S. China Trade Talks

Morning Note

Morning Note

posted by CAPIS on 10/07/2019 at 7:56 am
by CAPIS on 10/07/2019

Corporate Actions  IPOs on deck: Three IPOs on deck for this week. IPOs Filed:  None filed after the close. Secondaries on deck:None of note. Notes Priced:  None of note. Common Stock filings:   None of note. Mixed Shelf Offerings filed: ADMA 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 Flat: News After The Close: (In time order after the close) SkyWest Airlines (SKYW) saw block hours rise 6.3% and will stop reporting monthly traffic after this release. United Technology (UTX) wins $325 million Navy contract. UAW and General Motors (GM) talks hit an impasse. (NYT) Barron’s: Positive on SCHW UTX RTN TSM C MA DAL  Mixed on SPOT. Stock Repurchase:  COP Dividend Increase: COP Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: SPWR +5%, FSLR +4%, RNG +4%, MTCH +4% Gap Lower: JKS -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 -9 Dow Jones Industrial Average -67 NASDAQ -25 Russell 2000 -5 Fair values are higher. Asia mixed and Europe higher. Gold and silver lower with copper higher. WTI Crude Oil  and Brent Oil Futures higher. Natural…

Corporate Actions  IPOs on deck: Three IPOs on deck for this week. IPOs Filed:  None filed after the close. Secondaries on deck:None of note. Notes Priced:  None of note. Common Stock filings:   None of note. Mixed Shelf Offerings filed: ADMA 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 Flat: News After The Close: (In time order after the close) SkyWest Airlines (SKYW) saw block hours rise 6.3% and will stop reporting monthly traffic after this release. United Technology (UTX) wins $325 million Navy contract. UAW and General Motors (GM) talks hit an impasse. (NYT) Barron’s: Positive on SCHW UTX RTN TSM C MA DAL  Mixed on SPOT. Stock Repurchase:  COP Dividend Increase: COP Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: SPWR +5%, FSLR +4%, RNG +4%, MTCH +4% Gap Lower: JKS -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 -9 Dow Jones Industrial Average -67 NASDAQ -25 Russell 2000 -5 Fair values are higher. Asia mixed and Europe higher. Gold and silver lower with copper higher. WTI Crude Oil  and Brent Oil Futures higher. Natural…

CAPIS Morning Note – 10/4/19 Jobs Data Viewed Positively & Futures Turn Green

Morning Note

Morning Note

posted by CAPIS on 10/04/2019 at 7:58 am
by CAPIS on 10/04/2019

Corporate Actions  IPOs on deck: None of note. IPOs Filed:  None filed after the close. Secondaries on deck: GO HRTX OVID TERP of note. Notes Priced:  None of note. Common Stock filings:   OVID CRM TERP of note. Mixed Shelf Offerings filed: TERP INBK of note.   Convertible Offering Files:None of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: COST +0.13 of note. Missed: SGH (0.71) of note Flat: News After The Close: (In time order after the close) RingCentral (RNG) takes a 6% stake in Avaya (AVYA). Stock Repurchase:  AVYA Dividend Increase: Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: MEIP +16%, AVYA +12%, RNG +6% Gap Lower: OVID -17%, HRTX -9%, SGH -5%, HPQ -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 +2 Dow Jones Industrial Average +34 NASDAQ +14 Russell 2000 -7 Fair values are lower. Asia mixed and Europe higher. Gold,silver and copper lower. WTI Crude Oil  and Brent Oil Futures higher. Natural Gas is lower. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $131.55 from $131.27 with yields at…

Corporate Actions  IPOs on deck: None of note. IPOs Filed:  None filed after the close. Secondaries on deck: GO HRTX OVID TERP of note. Notes Priced:  None of note. Common Stock filings:   OVID CRM TERP of note. Mixed Shelf Offerings filed: TERP INBK of note.   Convertible Offering Files:None of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: COST +0.13 of note. Missed: SGH (0.71) of note Flat: News After The Close: (In time order after the close) RingCentral (RNG) takes a 6% stake in Avaya (AVYA). Stock Repurchase:  AVYA Dividend Increase: Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: MEIP +16%, AVYA +12%, RNG +6% Gap Lower: OVID -17%, HRTX -9%, SGH -5%, HPQ -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 +2 Dow Jones Industrial Average +34 NASDAQ +14 Russell 2000 -7 Fair values are lower. Asia mixed and Europe higher. Gold,silver and copper lower. WTI Crude Oil  and Brent Oil Futures higher. Natural Gas is lower. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $131.55 from $131.27 with yields at…

CAPIS Morning Note – 10/3/19 All Eyes On ISM Services Number at 10:00 a.m. EDT

Morning Note

Morning Note

posted by CAPIS on 10/03/2019 at 7:45 am
by CAPIS on 10/03/2019

Corporate Actions  IPO News:  IPOs on deck: Aprea Therapeutics (APRE), Frequency Therapeutics (FREQ), Viela Bio (VIE). IPOs Filed:  None filed after the close. Secondaries on deck: RILY CIO MCBS of note. Notes Priced:   None of note. Common Stock filings:  CIO of note. Mixed Shelf Offerings filed:  NAV of note.   Convertible Offering Files:None of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: BBBY +0.03, RECN +0.02 of note. Missed: None of note Flat: News After The Close: (In time order after the close) U.S. to impose 10% tariff on E.U. aircraft and 25% on ag and industrial goods as of October 18th. WTO to hold meeting on these tariffs per U.S. request. CSX Corp. (CSX) names Kevin Boone as CFO. AXT (AXTI) lowers Q3 revenue guidance. GoPro (GPRO) lowers guidance off investor call. Dropbox (DBX) CTO Quentin Clark to leave. Index Changes: Mercury Systems (MRCY) to join S&P 400. Cleveland Cliffs (CLF) and Essential Properties Realty Trust (EPRT) to join S&P 600. Stock Repurchase: AINC Dividend Increase: Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: EPRT +5%, CLF +4%, PBYI +4%  Gap Lower: GPRO -15%, AXTI -14%, RECN -5%, BBBY -5%, TSLA -5%, CIO -4% What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the…

Corporate Actions  IPO News:  IPOs on deck: Aprea Therapeutics (APRE), Frequency Therapeutics (FREQ), Viela Bio (VIE). IPOs Filed:  None filed after the close. Secondaries on deck: RILY CIO MCBS of note. Notes Priced:   None of note. Common Stock filings:  CIO of note. Mixed Shelf Offerings filed:  NAV of note.   Convertible Offering Files:None of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: BBBY +0.03, RECN +0.02 of note. Missed: None of note Flat: News After The Close: (In time order after the close) U.S. to impose 10% tariff on E.U. aircraft and 25% on ag and industrial goods as of October 18th. WTO to hold meeting on these tariffs per U.S. request. CSX Corp. (CSX) names Kevin Boone as CFO. AXT (AXTI) lowers Q3 revenue guidance. GoPro (GPRO) lowers guidance off investor call. Dropbox (DBX) CTO Quentin Clark to leave. Index Changes: Mercury Systems (MRCY) to join S&P 400. Cleveland Cliffs (CLF) and Essential Properties Realty Trust (EPRT) to join S&P 600. Stock Repurchase: AINC Dividend Increase: Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: EPRT +5%, CLF +4%, PBYI +4%  Gap Lower: GPRO -15%, AXTI -14%, RECN -5%, BBBY -5%, TSLA -5%, CIO -4% What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the…

CAPIS Morning Note – 10/2/19 North Korea Fires Missile From Sub Early This Morning

Morning Note

Morning Note

posted by CAPIS on 10/02/2019 at 8:00 am
by CAPIS on 10/02/2019

Corporate Actions  IPO News:  IPOs on deck: 5 IPOs due this week all in the Biotech space. IPOs Filed:  None filed after the close. Secondaries on deck: None of note. Notes Priced:   None of note. Common Stock filings: GO 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:  SFIX +0.03 of note. Missed: UNFI (0.11) of note Flat: LNDC News After The Close: (In time order after the close) UAW still not accepting General Motors (GM) terms for a new contract as UAW VP Terry Dittes sends letter to members. Nuance (NUAN) spins off Cerence (CRNC) as of today. TD Ameritrade (AMTD) eliminates commissions on stocks, ETFS and options as of Thursday. The State Department Inspector General requests a meeting with several House Committees over Secretary of State Mike Pompeo’s supposed threats on State Department  employees. Stock Repurchase:  Dividend Increase: OZK Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: TSG +44%, VHC +23%, AIMT +8%, LNDC +7%, NEXT +7%, CALA +4%, MGI +4% Gap Lower: UNFI -19%, SFIX -9%, GO -5%  What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  Futures traded sideways until 3:00 a.m. EDT and then fell to a low before…

Corporate Actions  IPO News:  IPOs on deck: 5 IPOs due this week all in the Biotech space. IPOs Filed:  None filed after the close. Secondaries on deck: None of note. Notes Priced:   None of note. Common Stock filings: GO 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:  SFIX +0.03 of note. Missed: UNFI (0.11) of note Flat: LNDC News After The Close: (In time order after the close) UAW still not accepting General Motors (GM) terms for a new contract as UAW VP Terry Dittes sends letter to members. Nuance (NUAN) spins off Cerence (CRNC) as of today. TD Ameritrade (AMTD) eliminates commissions on stocks, ETFS and options as of Thursday. The State Department Inspector General requests a meeting with several House Committees over Secretary of State Mike Pompeo’s supposed threats on State Department  employees. Stock Repurchase:  Dividend Increase: OZK Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: TSG +44%, VHC +23%, AIMT +8%, LNDC +7%, NEXT +7%, CALA +4%, MGI +4% Gap Lower: UNFI -19%, SFIX -9%, GO -5%  What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  Futures traded sideways until 3:00 a.m. EDT and then fell to a low before…

CAPIS Morning Note – 10/1/19 Welcome To The Fourth Quarter!

Morning Note

Morning Note

posted by CAPIS on 10/01/2019 at 7:27 am
by CAPIS on 10/01/2019

Third Quarter Facts – S&P 500 rose 1.19% while the Russell 2000 fell -2.76%. NY Federal Reserve  Open Market Action – At 8:30 a.m. EDT, the NY Federal Reserve may conduct open market operations. Corporate Actions  IPO News: Fortis Minerals (NRI) files to go public. IPOs on deck: 5 IPOs due this week all in the Biotech space. IPOs Filed:  None filed after the close. Secondaries on deck: HMLP of note. Notes Priced:   None of note. Common Stock filings: None of note. Mixed Shelf Offerings filed:  HMLP PBCT of note.   Convertible Offering Files:None of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: None of note. Missed: None of note News After The Close: (In time order after the close) Diamondback Energy (FANG) CEO/COO Michael L. Hollis resigns immediately due to personal reasons. Elanco Animal Health (ELAN) to eliminate 250 positions in several locations. Sprint (S) and Manhattan Telecommunications win $993.5 million Navy contract United Technologies (UTX) wins a $2.2 billion Navy contract. Lockheed Martin (LMT) wins $495 million Navy contract. Stock Repurchase:  Dividend Increase: Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: GERN +18%, BX +4% Gap Lower: ANAB -13%, GNFT -12% What’s Happening This Morning: Futures value reflects the change with fair value. We…

Third Quarter Facts – S&P 500 rose 1.19% while the Russell 2000 fell -2.76%. NY Federal Reserve  Open Market Action – At 8:30 a.m. EDT, the NY Federal Reserve may conduct open market operations. Corporate Actions  IPO News: Fortis Minerals (NRI) files to go public. IPOs on deck: 5 IPOs due this week all in the Biotech space. IPOs Filed:  None filed after the close. Secondaries on deck: HMLP of note. Notes Priced:   None of note. Common Stock filings: None of note. Mixed Shelf Offerings filed:  HMLP PBCT of note.   Convertible Offering Files:None of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: None of note. Missed: None of note News After The Close: (In time order after the close) Diamondback Energy (FANG) CEO/COO Michael L. Hollis resigns immediately due to personal reasons. Elanco Animal Health (ELAN) to eliminate 250 positions in several locations. Sprint (S) and Manhattan Telecommunications win $993.5 million Navy contract United Technologies (UTX) wins a $2.2 billion Navy contract. Lockheed Martin (LMT) wins $495 million Navy contract. Stock Repurchase:  Dividend Increase: Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: GERN +18%, BX +4% Gap Lower: ANAB -13%, GNFT -12% What’s Happening This Morning: Futures value reflects the change with fair value. We…

CAPIS Morning Note -9/30/19 Treasury Notes There Is No Planned Delisting of Chinese Companies

Morning Note

Morning Note

posted by CAPIS on 09/30/2019 at 7:48 am
by CAPIS on 09/30/2019

Must See TV- White House Advisor Peter Navarro interviewed on CNBC in the past few minutes. NY Federal Reserve  Open Market Action – At 8:30 a.m. EDT, the NY Federal Reserve conducted open market operations and took $ billion. Corporate Actions  IPOs on deck: None of note. IPOs Filed:  None filed after the close. Secondaries on deck: None of note. Notes Priced:   None of note. Common Stock filings: None of note. Mixed Shelf Offerings filed: ODT  of note.   Convertible Offering Files:None of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: None of note. Missed: None of note News After The Close: (In time order after the close) Fitch keeps Poland at A- and upgrades Serbia to BB+ from BB. Major credit agency affirms Saudi Arabia ratings. Three House Committees have subpoenaed Secretary of State Mike Pompeo. Contract win for Boeing (BA) with Air Force for $2.6 billion. Contract win for Fluor (FLR) with Navy for $1.1 billion. Contract win for Hawaiian Electric (HE) with Defense Logistics Agency for $640 million. Contract win for Northrop Grumman(NOC) with Air Force for $1.4 billion. Barron’s positive on Slack (WORK), American Airlines (AAL), Google (GOOGL) Wells Fargo (WFC). Stock Repurchase: GCO Dividend Increase: HOLI…

Must See TV- White House Advisor Peter Navarro interviewed on CNBC in the past few minutes. NY Federal Reserve  Open Market Action – At 8:30 a.m. EDT, the NY Federal Reserve conducted open market operations and took $ billion. Corporate Actions  IPOs on deck: None of note. IPOs Filed:  None filed after the close. Secondaries on deck: None of note. Notes Priced:   None of note. Common Stock filings: None of note. Mixed Shelf Offerings filed: ODT  of note.   Convertible Offering Files:None of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: None of note. Missed: None of note News After The Close: (In time order after the close) Fitch keeps Poland at A- and upgrades Serbia to BB+ from BB. Major credit agency affirms Saudi Arabia ratings. Three House Committees have subpoenaed Secretary of State Mike Pompeo. Contract win for Boeing (BA) with Air Force for $2.6 billion. Contract win for Fluor (FLR) with Navy for $1.1 billion. Contract win for Hawaiian Electric (HE) with Defense Logistics Agency for $640 million. Contract win for Northrop Grumman(NOC) with Air Force for $1.4 billion. Barron’s positive on Slack (WORK), American Airlines (AAL), Google (GOOGL) Wells Fargo (WFC). Stock Repurchase: GCO Dividend Increase: HOLI…

CAPIS Morning Note -9/27/19 Iran Says U.S. Offered To Remove All Sanctions, Oil Falls

Morning Note

Morning Note

posted by CAPIS on 09/27/2019 at 7:55 am
by CAPIS on 09/27/2019

Fun Fact – Winter is coming. Rockies to get first storm with 15 to 36 inches in Montana. (CNN) Breaking News – Iran says U.S. offered to remove all sanctions in exchange for talks. (CNBC) NY Federal Reserve  Open Market Action – At 8:30 a.m. EDT, the NY Federal Reserve conducted open market operations and took $ billion. Corporate Actions  IPO News: Endeavor Group Holdings pulls its IPO in another hit to the IPO market after Peleton (PTON) IPO struggled yesterday. IPOs on deck: None of note. IPOs Filed:  None filed after the close. Secondaries on deck:  AGNC CTRP GSL of note. Notes Priced:  BGS BKH IBP LYB SBRA of note. Common Stock filings:   KWR of note. Mixed Shelf Offerings filed:  KDMN of note.   Convertible Offering Files:None of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat:  MTN +0.34, MU +0.08, PRGS +0.07, CAMP +0.02  of note. Missed: UEPS (2.36), JEF (0.17) of note News After The Close: (In time order after the close) Wyndham Destinations (WYND) sees $8-10 million EBITDA impact from Hurricane Doran. In conference call, Micron (MU) notes that NAND supply sees some tightness. Northrop Grumman (NOC) wins $1.4 billion Navy contract. U.S. China trade talks to restart on…

Fun Fact – Winter is coming. Rockies to get first storm with 15 to 36 inches in Montana. (CNN) Breaking News – Iran says U.S. offered to remove all sanctions in exchange for talks. (CNBC) NY Federal Reserve  Open Market Action – At 8:30 a.m. EDT, the NY Federal Reserve conducted open market operations and took $ billion. Corporate Actions  IPO News: Endeavor Group Holdings pulls its IPO in another hit to the IPO market after Peleton (PTON) IPO struggled yesterday. IPOs on deck: None of note. IPOs Filed:  None filed after the close. Secondaries on deck:  AGNC CTRP GSL of note. Notes Priced:  BGS BKH IBP LYB SBRA of note. Common Stock filings:   KWR of note. Mixed Shelf Offerings filed:  KDMN of note.   Convertible Offering Files:None of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat:  MTN +0.34, MU +0.08, PRGS +0.07, CAMP +0.02  of note. Missed: UEPS (2.36), JEF (0.17) of note News After The Close: (In time order after the close) Wyndham Destinations (WYND) sees $8-10 million EBITDA impact from Hurricane Doran. In conference call, Micron (MU) notes that NAND supply sees some tightness. Northrop Grumman (NOC) wins $1.4 billion Navy contract. U.S. China trade talks to restart on…

CAPIS Morning Note – September 26, 2019 All Eyes on Washington as Director of National Intelligence To Testify Shortly

Morning Note

Morning Note

posted by CAPIS on 09/26/2019 at 8:31 am
by CAPIS on 09/26/2019

Breaking News -House releases Whistleblower Report NY Federal Reserve  Open Market Action – At 8:30 a.m. EDT, the NY Federal Reserve conducted open market operations and took $60 billion. Now can go to $100 billion a day. Corporate Actions  IPO News: IPOs on deck: Peloton (PTON) and Oportun Financial (OPRT) are priced to day and will begin trading. IPOs Filed:  None filed after the close. Secondaries on deck: FOR PLYM of note. Notes Priced: CEO of note. Common Stock filings:  BTAI PLYM CTRP PLMR of note. Mixed Shelf Offerings filed:  UFS of note.   Convertible Offering Files:None of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: KBH +0.07, AIR +0.06 of note. Missed: FUL (0.04) of note News After The Close: (In time order after the close) Lattice Semi (LSCC) and Synopsys (SNPS) extend OEM licensing agreement for Synopsys Synplify FPGA synthesis tools. Toll Brothers (TOL) names James Boyd and Robert Parahus as Co-COOs as President and COO Richard Hartman to retire. BAE Systems (BAESY) wins $2.7 billion Navy contract. Lockheed Martin (LMT) wins $280 million Army contract. General Motors (GM) making  progress with the UAW per CNBC. Stock Repurchase:  Dividend Increase: CHCO GBCI  Early Morning Gap Up/Down: (>4% or…

Breaking News -House releases Whistleblower Report NY Federal Reserve  Open Market Action – At 8:30 a.m. EDT, the NY Federal Reserve conducted open market operations and took $60 billion. Now can go to $100 billion a day. Corporate Actions  IPO News: IPOs on deck: Peloton (PTON) and Oportun Financial (OPRT) are priced to day and will begin trading. IPOs Filed:  None filed after the close. Secondaries on deck: FOR PLYM of note. Notes Priced: CEO of note. Common Stock filings:  BTAI PLYM CTRP PLMR of note. Mixed Shelf Offerings filed:  UFS of note.   Convertible Offering Files:None of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: KBH +0.07, AIR +0.06 of note. Missed: FUL (0.04) of note News After The Close: (In time order after the close) Lattice Semi (LSCC) and Synopsys (SNPS) extend OEM licensing agreement for Synopsys Synplify FPGA synthesis tools. Toll Brothers (TOL) names James Boyd and Robert Parahus as Co-COOs as President and COO Richard Hartman to retire. BAE Systems (BAESY) wins $2.7 billion Navy contract. Lockheed Martin (LMT) wins $280 million Army contract. General Motors (GM) making  progress with the UAW per CNBC. Stock Repurchase:  Dividend Increase: CHCO GBCI  Early Morning Gap Up/Down: (>4% or…

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