Morning Note

381 total posts

CAPIS Morning Note -6/12/20 Investors Ready For A Rest After Volatile Week

Morning Note

Morning Note

posted by CAPIS on 06/12/2020 at 5:47 am
by CAPIS on 06/12/2020

IPOs on deck: Generation Bio (GBIO) priced at $19 above erange of $16-$18. AZEK (AZEK) price at $23 with range of $19-2$21. IPOs Filed:  None of note. Secondaries Priced:  OKE SITM RNA of note. Notes Priced of note: None  of note. Common Stock filings:None of note. Mixed Shelf Offerings:  TGI of note. Convertible Offering Files: None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   ADBE (+0.13) of note. Misses:  PVH (1.43), PLAY (0.52), LULU (0.05) of note. Gap Up: LPTX +24%, PLAY +15%, RWT +13%, PRTY +12%, GNUS +11%, JBLU +7%, VIE +7%, SELB +6%, TGI +6%, ADBE +5%, EDIT +4%, MYL +4%, CNC +4% Gap Down: WINS -31%, AGIO -10%,  OKE -6%, PVH -5%, LULU -5% Hourly Action This Past Week: Updated 6/11 Close News After The Close (In Order) Churchill Downs (CHDN) will reopen five casinos in the next week. Jetblue (JBLU) has senior debt downgraded by Moody’s. Twitter (TWTR) notes that there are thousands of misinformation accounts from China and they were removed. (NYT) Lockheed Martin (LMT) wins $370 million Navy contract. Raises Guidance:  CNC (EPS) Lowers Guidance: ADBE PVH CNC (Revenues) Withdraws Guidance:   Dividend Increase:  Dividend Cut: Share Repurchase Announcement: IHC What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500 +64 Dow Jones Industrial Average +563 NASDAQ +152 . Fair values are lower.  Asia…

IPOs on deck: Generation Bio (GBIO) priced at $19 above erange of $16-$18. AZEK (AZEK) price at $23 with range of $19-2$21. IPOs Filed:  None of note. Secondaries Priced:  OKE SITM RNA of note. Notes Priced of note: None  of note. Common Stock filings:None of note. Mixed Shelf Offerings:  TGI of note. Convertible Offering Files: None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   ADBE (+0.13) of note. Misses:  PVH (1.43), PLAY (0.52), LULU (0.05) of note. Gap Up: LPTX +24%, PLAY +15%, RWT +13%, PRTY +12%, GNUS +11%, JBLU +7%, VIE +7%, SELB +6%, TGI +6%, ADBE +5%, EDIT +4%, MYL +4%, CNC +4% Gap Down: WINS -31%, AGIO -10%,  OKE -6%, PVH -5%, LULU -5% Hourly Action This Past Week: Updated 6/11 Close News After The Close (In Order) Churchill Downs (CHDN) will reopen five casinos in the next week. Jetblue (JBLU) has senior debt downgraded by Moody’s. Twitter (TWTR) notes that there are thousands of misinformation accounts from China and they were removed. (NYT) Lockheed Martin (LMT) wins $370 million Navy contract. Raises Guidance:  CNC (EPS) Lowers Guidance: ADBE PVH CNC (Revenues) Withdraws Guidance:   Dividend Increase:  Dividend Cut: Share Repurchase Announcement: IHC What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500 +64 Dow Jones Industrial Average +563 NASDAQ +152 . Fair values are lower.  Asia…

CAPIS Morning Note – 6/11/20 Fed Fails To Calm Markets

Morning Note

Morning Note

posted by CAPIS on 06/10/2020 at 9:46 pm
by CAPIS on 06/10/2020

IPOs on deck:  IPOs Filed:  None of note. Secondaries Priced: VICR CNNE CDNA CCX AEL BILL NIO   of note. Notes Priced of note: REAL COUP of note. Common Stock filings: MBIO CTLT CCXI CNNE ROAD BV MCF OKE   (selling shareholders) of note. Mixed Shelf Offerings:  STAR PACB BPY  of note. Convertible Offering Files: ZEN of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   None of note. Misses:   OXM (0.85) of note. Gap Up: SRNE +17%, ZYXI +9%, GRUB +7%, JACK +4% Gap Down: MBIO -26%, HTZ -18%, SRT -12%, CIM -11%, ROAD -10%, OXM -7%, NIO -5%, F -5%, NLY -4%, UBER -4% Hourly Action This Past Week: Updated 6/10 Close News After The Close (In Order) Zendesk (ZEN) COO John Keiser to leave at the end of June. American Financial (AFG) CFO Joseph  Consolino resigns as of Friday. General Dynamics (GD) wins $2.48 billion Army contract. Lockheed Martin (LMT) wins $1.04 billion Army contract. NASCAR bans the Confederate Flag at all races. Amazon (AMZN) delays one year use of facial recognition software by police. S&P 600 adds ZYXI as of 6/16. Raises Guidance:  NLY Lowers Guidance:  Withdraws Guidance:   Dividend Increase: TGT  Dividend Cut: NLY CIM DX Share Repurchase Announcement: CBOE  What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P…

IPOs on deck:  IPOs Filed:  None of note. Secondaries Priced: VICR CNNE CDNA CCX AEL BILL NIO   of note. Notes Priced of note: REAL COUP of note. Common Stock filings: MBIO CTLT CCXI CNNE ROAD BV MCF OKE   (selling shareholders) of note. Mixed Shelf Offerings:  STAR PACB BPY  of note. Convertible Offering Files: ZEN of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   None of note. Misses:   OXM (0.85) of note. Gap Up: SRNE +17%, ZYXI +9%, GRUB +7%, JACK +4% Gap Down: MBIO -26%, HTZ -18%, SRT -12%, CIM -11%, ROAD -10%, OXM -7%, NIO -5%, F -5%, NLY -4%, UBER -4% Hourly Action This Past Week: Updated 6/10 Close News After The Close (In Order) Zendesk (ZEN) COO John Keiser to leave at the end of June. American Financial (AFG) CFO Joseph  Consolino resigns as of Friday. General Dynamics (GD) wins $2.48 billion Army contract. Lockheed Martin (LMT) wins $1.04 billion Army contract. NASCAR bans the Confederate Flag at all races. Amazon (AMZN) delays one year use of facial recognition software by police. S&P 600 adds ZYXI as of 6/16. Raises Guidance:  NLY Lowers Guidance:  Withdraws Guidance:   Dividend Increase: TGT  Dividend Cut: NLY CIM DX Share Repurchase Announcement: CBOE  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 -6/10/20 Federal Reserve Announcement and Press Conference Today

Morning Note

Morning Note

posted by CAPIS on 06/10/2020 at 6:40 am
by CAPIS on 06/10/2020

IPOs on deck:  IPOs Filed:  None of note. Secondaries Priced:  MLAB MNRL CSII APTV SALT of note. Notes Priced of note:  APTV WETF of note. Common Stock filings: SALT VICR  MNRL CSII NIO IMUX PS  SITM MNRL (selling shareholders) of note. Mixed Shelf Offerings: KEY CDNA of note. Convertible Offering Files:  COUP WETF GMRE REAL  of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:    GME +0.08, CHWY +0.05, AGX +0.03 of note. Misses:  AMC (0.78), FIVE (0.62), VRNT (0.16) of note. Gap Up: LAKE +44%, DUO +35%, APT +18%, FIVE +11%, RADA +10%, AMC +9%, APAM +8%, ITI +5%, GMAB +4%, AGX +4% Gap Down: RRGB -11%, CSII -10%, MNRL -10%, IMUX -9%, SALT -9%, GME -9%, VRNT -9%, LMNR -8%, QDEL -7%, SITM -6% Hourly Action This Past Week: Updated 6/9 Close News After The Close (In Order) Federal Reserve to release Dodd-Frank Act Stress tests will be out June 25th at 4:30 p.m. EDT. Five Below (FIVE) sees comps fall -51.8% with now 90% of stores opened. Merck (MRK) sees Phase III Trial of KEYTRUDA did not meet end points for metastatic urothelial carcinoma. Asset Managers release month end asset levels and all see a rise, of note IVZ APAM AB AMK  BEN LM  AMC Entertainment (AMC) to reopen nearly all U.S. and U.K. theaters. Best Buy (BBY) to reopen stores fully on 6/15. Alaska Air (ALK) sees downgrade from major ratings agency. Inogen (INGN) CEO…

IPOs on deck:  IPOs Filed:  None of note. Secondaries Priced:  MLAB MNRL CSII APTV SALT of note. Notes Priced of note:  APTV WETF of note. Common Stock filings: SALT VICR  MNRL CSII NIO IMUX PS  SITM MNRL (selling shareholders) of note. Mixed Shelf Offerings: KEY CDNA of note. Convertible Offering Files:  COUP WETF GMRE REAL  of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:    GME +0.08, CHWY +0.05, AGX +0.03 of note. Misses:  AMC (0.78), FIVE (0.62), VRNT (0.16) of note. Gap Up: LAKE +44%, DUO +35%, APT +18%, FIVE +11%, RADA +10%, AMC +9%, APAM +8%, ITI +5%, GMAB +4%, AGX +4% Gap Down: RRGB -11%, CSII -10%, MNRL -10%, IMUX -9%, SALT -9%, GME -9%, VRNT -9%, LMNR -8%, QDEL -7%, SITM -6% Hourly Action This Past Week: Updated 6/9 Close News After The Close (In Order) Federal Reserve to release Dodd-Frank Act Stress tests will be out June 25th at 4:30 p.m. EDT. Five Below (FIVE) sees comps fall -51.8% with now 90% of stores opened. Merck (MRK) sees Phase III Trial of KEYTRUDA did not meet end points for metastatic urothelial carcinoma. Asset Managers release month end asset levels and all see a rise, of note IVZ APAM AB AMK  BEN LM  AMC Entertainment (AMC) to reopen nearly all U.S. and U.K. theaters. Best Buy (BBY) to reopen stores fully on 6/15. Alaska Air (ALK) sees downgrade from major ratings agency. Inogen (INGN) CEO…

CAPIS Morning Note -6/9/20 Futures Dropping About -1%

Morning Note

Morning Note

posted by CAPIS on 06/09/2020 at 6:25 am
by CAPIS on 06/09/2020

IPOs on deck: Vroom (VRM)  priced at $22 a share. IPOs Filed:  None of note. Secondaries Priced: PNFP PLL  KZR SRC  RTRX REPL FATE BXMT   of note. Notes Priced of note: GKOS of note. Common Stock filings: CERC  FATE RTRX SRC  MLAB APTV REPL BXMT  AYTU BILL PS (selling shareholders) of note. Mixed Shelf Offerings:  WFC of note. Convertible Offering Files:  OKTA APTV of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   COUP +0.13, PHR +0.08 of note. Misses:  SFIX (0.18), CASY (0.16), CVGW (0.10) of note. Gap Up: SWAV +9%, STRL +9%, PHR +8%, M +7%, GBT +5%, AGIO +5%, AMPH +4% Gap Down: SLNO -46%, CHK -40%, CERC -20%, KZR -8%, SFIX -8%, SRC -7%, RTRX -6%, REPL -6%, BTI -6%, BILL -5%, COUP -5%, BXMT -5% Hourly Action This Past Week: Updated 6/5 Close News After The Close (In Order) Macy’s (M) closes on $4.5 billion of financing. Wendy’s (WEN) notes beef supply back to normal. Rumors fly that Chesapeake Energy (CHK) to file for bankruptcy. General Electric (GE) to reopen prior debt deals to bring in $3 billion. Hologic (HOLX) sees improvement for June quarter. Major ratings agency affirms Japan. Raises Guidance:  COUP  SMG  Lowers Guidance:  Withdraws Guidance:  Dividend Cut: RICK KMF KYN AVD (withdraws) What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. …

IPOs on deck: Vroom (VRM)  priced at $22 a share. IPOs Filed:  None of note. Secondaries Priced: PNFP PLL  KZR SRC  RTRX REPL FATE BXMT   of note. Notes Priced of note: GKOS of note. Common Stock filings: CERC  FATE RTRX SRC  MLAB APTV REPL BXMT  AYTU BILL PS (selling shareholders) of note. Mixed Shelf Offerings:  WFC of note. Convertible Offering Files:  OKTA APTV of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   COUP +0.13, PHR +0.08 of note. Misses:  SFIX (0.18), CASY (0.16), CVGW (0.10) of note. Gap Up: SWAV +9%, STRL +9%, PHR +8%, M +7%, GBT +5%, AGIO +5%, AMPH +4% Gap Down: SLNO -46%, CHK -40%, CERC -20%, KZR -8%, SFIX -8%, SRC -7%, RTRX -6%, REPL -6%, BTI -6%, BILL -5%, COUP -5%, BXMT -5% Hourly Action This Past Week: Updated 6/5 Close News After The Close (In Order) Macy’s (M) closes on $4.5 billion of financing. Wendy’s (WEN) notes beef supply back to normal. Rumors fly that Chesapeake Energy (CHK) to file for bankruptcy. General Electric (GE) to reopen prior debt deals to bring in $3 billion. Hologic (HOLX) sees improvement for June quarter. Major ratings agency affirms Japan. Raises Guidance:  COUP  SMG  Lowers Guidance:  Withdraws Guidance:  Dividend Cut: RICK KMF KYN AVD (withdraws) What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. …

CAPIS Morning Note -6/8/20 Stocks Set To Start Week Higher With S&P 500 Above 3200

Morning Note

Morning Note

posted by CAPIS on 06/08/2020 at 6:42 am
by CAPIS on 06/08/2020

IPOs on deck:  Neteases (NTES) prices its Hong Kong Public Offering. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: XENT  KZR JD (Hong Kong) of note. Mixed Shelf Offerings:  FTV KDMN BLDP ONB AXLA NGM CORE DMRCBCYC PVG of note. Convertible Offering Files:  None of note. Senior Notes Filed: SIRI of note. Courtesy of IPO Financial Earnings After The Close: Beat:   None of note. Misses:  None of note. Gap Up: SRPT +10%, CLDX +9%, BCRX +7%, REVG +7%, GILD +5%, THO +5% Gap Down: OPNT -34%, EBS -14% Hourly Action This Past Week: Updated 6/3 Close News After The Close (In Order) Gilead Sciences (GILD) and Galapagos NV (GLPG) announce positive results on psoriatic arthritis. Rumors surfaced over weekend that Asta Zeneca (AZN) may buy Gilead Sciences (GILD). (Bloomberg) Fitch affirms Sweden with AAA outlook. Ebix (EBIX) and Yatra (YTRA) cancel pending merger. Russell releases the preliminary changes to its U.S. Indexes. Barron’s positive on FMC SYY USFD PFGC TWTR and negative/mixed on ZM. Raises Guidance:  AAN Lowers Guidance:  Withdraws Guidance: ASB  Dividend Increase: EFC  What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500 +15 Dow Jones Industrial Average +218 NASDAQ -4 Russell 2000 +29.…

IPOs on deck:  Neteases (NTES) prices its Hong Kong Public Offering. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: XENT  KZR JD (Hong Kong) of note. Mixed Shelf Offerings:  FTV KDMN BLDP ONB AXLA NGM CORE DMRCBCYC PVG of note. Convertible Offering Files:  None of note. Senior Notes Filed: SIRI of note. Courtesy of IPO Financial Earnings After The Close: Beat:   None of note. Misses:  None of note. Gap Up: SRPT +10%, CLDX +9%, BCRX +7%, REVG +7%, GILD +5%, THO +5% Gap Down: OPNT -34%, EBS -14% Hourly Action This Past Week: Updated 6/3 Close News After The Close (In Order) Gilead Sciences (GILD) and Galapagos NV (GLPG) announce positive results on psoriatic arthritis. Rumors surfaced over weekend that Asta Zeneca (AZN) may buy Gilead Sciences (GILD). (Bloomberg) Fitch affirms Sweden with AAA outlook. Ebix (EBIX) and Yatra (YTRA) cancel pending merger. Russell releases the preliminary changes to its U.S. Indexes. Barron’s positive on FMC SYY USFD PFGC TWTR and negative/mixed on ZM. Raises Guidance:  AAN Lowers Guidance:  Withdraws Guidance: ASB  Dividend Increase: EFC  What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  S&P 500 +15 Dow Jones Industrial Average +218 NASDAQ -4 Russell 2000 +29.…

CAPIS Morning Note -6/5/20 Futures On Fire Over Job’s Data

Morning Note

Morning Note

posted by CAPIS on 06/05/2020 at 6:28 am
by CAPIS on 06/05/2020

The Story – Job’s data see Payroll rise by 2.51 million. IPOs on deck:  Shift4 Payments (FOUR) priced at $23 from $19-21 range. Applied Molecular Transport (AMTI) priced at $14 from $12-$14 range. IPOs Filed:  None of note. Secondaries Priced: AUDC ATH (selling shareholders and company) of note. Notes Priced of note:  RCL of note. Common Stock filings: MNLO MTEM  PYPPL (seeling shareholders)  of note. Mixed Shelf Offerings: JEF  NAK  of note. Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   MTN +0.64, RH +0.50, DOMO +0.23, NX +0.14, MDB +0.12, SPWH +0.09, PD +0.05, WORK +0.04, DOCU +0.02, YEXT +0.02 of note. Flat:  AVGO +0.00, SAIC +0.00 Misses:  GPS (1.91), COO (0.91), CAL (0.44), ZUMZ (0.15) of note. Gap Up: QEP +47%, NVAX +15%, AAL +11%, DOMO +10%, UAL +9%, SAVE +8%, CCL +7%, NCLH +7%, JETS +7%, JBLU +7%, DAL +7%, MTN +5%, RCL +5%, DOCU +4%, BP +4%, TOT +4%. Gap Down: MNLO -15%, WORK -13%, ZUMZ -7%, COO -6%, GPS -5%, GME -4%. Hourly Action This Past Week: Updated 6/3 Close News After The Close (In Order) Thursday afternoon massacre as American Airlines (AAL) cans 14 officers. Vail Resorts (MTN) saw total skier visits fall 26% which is not as bad as estimated. La-Z-Boy (LZB) to cut 10% of workforce due to Covid-19. Amazon (AMZN) Web Services picks up multi-year agreement with Slack (WORK). Universal Orlando reopens. Valvoline (VV) sees improvement for May…

The Story – Job’s data see Payroll rise by 2.51 million. IPOs on deck:  Shift4 Payments (FOUR) priced at $23 from $19-21 range. Applied Molecular Transport (AMTI) priced at $14 from $12-$14 range. IPOs Filed:  None of note. Secondaries Priced: AUDC ATH (selling shareholders and company) of note. Notes Priced of note:  RCL of note. Common Stock filings: MNLO MTEM  PYPPL (seeling shareholders)  of note. Mixed Shelf Offerings: JEF  NAK  of note. Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   MTN +0.64, RH +0.50, DOMO +0.23, NX +0.14, MDB +0.12, SPWH +0.09, PD +0.05, WORK +0.04, DOCU +0.02, YEXT +0.02 of note. Flat:  AVGO +0.00, SAIC +0.00 Misses:  GPS (1.91), COO (0.91), CAL (0.44), ZUMZ (0.15) of note. Gap Up: QEP +47%, NVAX +15%, AAL +11%, DOMO +10%, UAL +9%, SAVE +8%, CCL +7%, NCLH +7%, JETS +7%, JBLU +7%, DAL +7%, MTN +5%, RCL +5%, DOCU +4%, BP +4%, TOT +4%. Gap Down: MNLO -15%, WORK -13%, ZUMZ -7%, COO -6%, GPS -5%, GME -4%. Hourly Action This Past Week: Updated 6/3 Close News After The Close (In Order) Thursday afternoon massacre as American Airlines (AAL) cans 14 officers. Vail Resorts (MTN) saw total skier visits fall 26% which is not as bad as estimated. La-Z-Boy (LZB) to cut 10% of workforce due to Covid-19. Amazon (AMZN) Web Services picks up multi-year agreement with Slack (WORK). Universal Orlando reopens. Valvoline (VV) sees improvement for May…

CAPIS Morning Note – 6/4/20 Stocks Lower For The First Time This Week, ECB Injects More Liquidity

Morning Note

Morning Note

posted by CAPIS on 06/04/2020 at 6:28 am
by CAPIS on 06/04/2020

The Story – European Central Bank (ECB) leaves rates unchanged but adds 600 billion Euros to its emergency purchase program bringing it to 1.35 trillion. (Bloomberg) IPOs on deck: ZoomInfo (ZI) priced at $21 with range of $19-21. IPOs Filed:  None of note. Secondaries Priced: WERN  GLUU DCOM TWST  NMIH CCC (selling shareholders and company) of note. Notes Priced of note:  None of note. Common Stock filings:  GLOB TWST NMIH   of note. Mixed Shelf Offerings:   TWST AGO of note. Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   GEF +0.20, ESTC +0.19, GWRE +0.14, SMAR +0.08, CHNG +0.05, ZUO +0.04, CLDR +0.04 of note. Misses:   CMTL (0.33) of note. Gap Up: KZR +66%, ZUO +23%, ATSG +13%, LX +9%, WWW +6%, RM +6%, GWRE +4% Gap Down:MAR -18%, CHNG -10%, CMTL -10%, TWST -9%, NMIH -8%, CLDR -8%, ESTC -7%, AMC -4% Hourly Action This Past Week: Updated 6/2 Close News After The Close (In Order) Amazon (AMZN) adds 12 Boeing (BA) 767-300 airplanes to its fleet from Air Transport Services Group (ATSG). Costco (COST) sees May sales up 9.7% from last May. President Trump drew criticism from the Secretary of Defense Esper as well as former Secretary of Defense Mattis over handling of trying to bring U.S. military into riots. (Bloomberg) Former President Obama was critical of the governments handling…

The Story – European Central Bank (ECB) leaves rates unchanged but adds 600 billion Euros to its emergency purchase program bringing it to 1.35 trillion. (Bloomberg) IPOs on deck: ZoomInfo (ZI) priced at $21 with range of $19-21. IPOs Filed:  None of note. Secondaries Priced: WERN  GLUU DCOM TWST  NMIH CCC (selling shareholders and company) of note. Notes Priced of note:  None of note. Common Stock filings:  GLOB TWST NMIH   of note. Mixed Shelf Offerings:   TWST AGO of note. Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   GEF +0.20, ESTC +0.19, GWRE +0.14, SMAR +0.08, CHNG +0.05, ZUO +0.04, CLDR +0.04 of note. Misses:   CMTL (0.33) of note. Gap Up: KZR +66%, ZUO +23%, ATSG +13%, LX +9%, WWW +6%, RM +6%, GWRE +4% Gap Down:MAR -18%, CHNG -10%, CMTL -10%, TWST -9%, NMIH -8%, CLDR -8%, ESTC -7%, AMC -4% Hourly Action This Past Week: Updated 6/2 Close News After The Close (In Order) Amazon (AMZN) adds 12 Boeing (BA) 767-300 airplanes to its fleet from Air Transport Services Group (ATSG). Costco (COST) sees May sales up 9.7% from last May. President Trump drew criticism from the Secretary of Defense Esper as well as former Secretary of Defense Mattis over handling of trying to bring U.S. military into riots. (Bloomberg) Former President Obama was critical of the governments handling…

CAPIS Morning Note -6/3/20 ADP Payroll Comes In Better Than Estimates, Leading Investors To Hope For Best On Job’s Friday.

Morning Note

Morning Note

posted by CAPIS on 06/03/2020 at 6:34 am
by CAPIS on 06/03/2020

The Story – ADP Payroll fell only 2.76 million versus an estimate of 9 million. (CNBC) IPOs on deck: PlanetRX.com (PLRX) to go public today at $16 a share which is the high end of the range $14 to $16. Warner Music Group (WMG) to also go public today at $25 above $23 to $25 range. IPOs Filed:  None of note. Secondaries Priced:  RNR NTLA EVFM OSUR RGA of note. Notes Priced of note: SPLK of note. Common Stock filings: EVFM RGA GLUU ARCE HLNE  Stocks With Selling Shareholders WERN HLNE  of note. Mixed Shelf Offerings:  CLLS LIN TCBK of note. Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   ZM +0.10, CRWD +0.08, AMBA +0.05, MDLA +0.04 of note. Misses:  HQY (-0.01) of note. Gap Up: HUGE +129%, APPS +15%, MCHP +7%, CRWD +7%, COTY +6%, CAKE +5%, DZSI +5%, LYFT +5%, PTEN +4% Gap Down: EVFM -21%, RGA -12%, NTLA -6%, HQY -6%, HLNE -5%, ARCE -5%, OSUR -5%, ACCO -4%, EVRI -4% Hourly Action This Past Week: Updated 6/2 Close News After The Close (In Order) The United Kingdom considers a Huawei ban as payback for the virus. (Nikkei Asian Review) The Cheesecake Factory (CAKE) has opened 25% of restaurants. Twitter (TWTR) names Patrick Pichette as Chairman of the Board of Directors as Omaid Kordestani steps down as Executive Chairman. Telsa (TSLA) to offer software…

The Story – ADP Payroll fell only 2.76 million versus an estimate of 9 million. (CNBC) IPOs on deck: PlanetRX.com (PLRX) to go public today at $16 a share which is the high end of the range $14 to $16. Warner Music Group (WMG) to also go public today at $25 above $23 to $25 range. IPOs Filed:  None of note. Secondaries Priced:  RNR NTLA EVFM OSUR RGA of note. Notes Priced of note: SPLK of note. Common Stock filings: EVFM RGA GLUU ARCE HLNE  Stocks With Selling Shareholders WERN HLNE  of note. Mixed Shelf Offerings:  CLLS LIN TCBK of note. Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   ZM +0.10, CRWD +0.08, AMBA +0.05, MDLA +0.04 of note. Misses:  HQY (-0.01) of note. Gap Up: HUGE +129%, APPS +15%, MCHP +7%, CRWD +7%, COTY +6%, CAKE +5%, DZSI +5%, LYFT +5%, PTEN +4% Gap Down: EVFM -21%, RGA -12%, NTLA -6%, HQY -6%, HLNE -5%, ARCE -5%, OSUR -5%, ACCO -4%, EVRI -4% Hourly Action This Past Week: Updated 6/2 Close News After The Close (In Order) The United Kingdom considers a Huawei ban as payback for the virus. (Nikkei Asian Review) The Cheesecake Factory (CAKE) has opened 25% of restaurants. Twitter (TWTR) names Patrick Pichette as Chairman of the Board of Directors as Omaid Kordestani steps down as Executive Chairman. Telsa (TSLA) to offer software…

CAPIS Morning Note – 6/2/20 Protests Continue, But Markets Unconcerned As Futures Higher Again

Morning Note

Morning Note

posted by CAPIS on 06/02/2020 at 6:34 am
by CAPIS on 06/02/2020

The Story – Protests continue overnight. (CNBC) IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: ALLO KLDO ADAP QTS GH INVH  of note. Notes Priced of note: LVGO of note. Common Stock filings: NTLA OSUR INVH QTS KLDO GH CCC FNF (selling sharefolders)  of note. Mixed Shelf Offerings:  EXAS IDYA LIND CRTX SPLK DTIL STT  of note. Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   NXGN +0.01 of note. Misses:  NGL (1.97),  (PUMP (0.35), ENS (0.08) of note. Gap Up: MGI +39%, RUHN +13%, WU +8% Gap Down: PUMP -10%, NGL -8%, LIND -7%, QTS -4% Hourly Action This Past Week: Updated 6/1 Close News After The Close (In Order) Agree Realty (ADC) received May rent from 87% of its portfolio while Highwoods Property (HIW) received 99%. Starbucks (SBUX) to further reduce employee hours as sales to remain lower than expected until fall.  (WSJ) NASDAQ (NDAQ) sees options trading at 181 million contracts in May versus 201 million in April and 154 million a year ago. Moneygram (MGI) rises in after hours as rumors surface that Western Union (WU) may make a bid for the company. Fitch downgrades Apache (APA) to BB+. Ratings agency downgrades Mosaic (MOS) to negative from…

The Story – Protests continue overnight. (CNBC) IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: ALLO KLDO ADAP QTS GH INVH  of note. Notes Priced of note: LVGO of note. Common Stock filings: NTLA OSUR INVH QTS KLDO GH CCC FNF (selling sharefolders)  of note. Mixed Shelf Offerings:  EXAS IDYA LIND CRTX SPLK DTIL STT  of note. Convertible Offering Files:  None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   NXGN +0.01 of note. Misses:  NGL (1.97),  (PUMP (0.35), ENS (0.08) of note. Gap Up: MGI +39%, RUHN +13%, WU +8% Gap Down: PUMP -10%, NGL -8%, LIND -7%, QTS -4% Hourly Action This Past Week: Updated 6/1 Close News After The Close (In Order) Agree Realty (ADC) received May rent from 87% of its portfolio while Highwoods Property (HIW) received 99%. Starbucks (SBUX) to further reduce employee hours as sales to remain lower than expected until fall.  (WSJ) NASDAQ (NDAQ) sees options trading at 181 million contracts in May versus 201 million in April and 154 million a year ago. Moneygram (MGI) rises in after hours as rumors surface that Western Union (WU) may make a bid for the company. Fitch downgrades Apache (APA) to BB+. Ratings agency downgrades Mosaic (MOS) to negative from…

CAPIS Morning Note – 6/1/20 Major Cities Burn This Weekend As Protests Turn To Riots, Future Lower

Morning Note

Morning Note

posted by CAPIS on 06/01/2020 at 6:27 am
by CAPIS on 06/01/2020

The Story – American cities burn as protests turn to riots as George Floyd’s death and reaction moves national. (CNN) IPOs on deck: None of note. IPOs Filed:   None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: ATHX DT  of note. Mixed Shelf Offerings: AUPH RRGB  of note. Convertible Offering Files: LVGO HUBS AMZN  of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   None of note. Misses:  None of note. Gap Up: IMMP +33%, CYAD +14%, COTY +7%, MESO +4%. Gap Down: NBRV -18%, ADAP -12%, LVGO -7%, ALLO -6%, PFE -6%, ATHX -4% Hourly Action This Past Week: Updated 5/29 Close News After The Close (In Order) Red Robin Gourmet (RRGB) notes that comps have been rising each week. United Airlines (UAL) to eliminate 13 executive officer positions  to preserve cash. Moderna (MRNA) notes that first 2 participants have been dosed in its Phase 2 study for Covid-19. Caesar’s Entertainment (CZR)  to open Harrah’s Las Vegas on Friday. Ratings agency affirms rating on Ireland. General Dynamics (GD) awarded $3.42 billion Army contract for the Hydra-70 rocket systems. Baron’s + on SAVE LUV DAL STAY LIND MPC LVS CTRE WELL VTR PEAL LTC DHC. Amazon (AMZN), Apple (AAPL) and Target (TGT) to close some locations over the weekend due to…

The Story – American cities burn as protests turn to riots as George Floyd’s death and reaction moves national. (CNN) IPOs on deck: None of note. IPOs Filed:   None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: ATHX DT  of note. Mixed Shelf Offerings: AUPH RRGB  of note. Convertible Offering Files: LVGO HUBS AMZN  of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   None of note. Misses:  None of note. Gap Up: IMMP +33%, CYAD +14%, COTY +7%, MESO +4%. Gap Down: NBRV -18%, ADAP -12%, LVGO -7%, ALLO -6%, PFE -6%, ATHX -4% Hourly Action This Past Week: Updated 5/29 Close News After The Close (In Order) Red Robin Gourmet (RRGB) notes that comps have been rising each week. United Airlines (UAL) to eliminate 13 executive officer positions  to preserve cash. Moderna (MRNA) notes that first 2 participants have been dosed in its Phase 2 study for Covid-19. Caesar’s Entertainment (CZR)  to open Harrah’s Las Vegas on Friday. Ratings agency affirms rating on Ireland. General Dynamics (GD) awarded $3.42 billion Army contract for the Hydra-70 rocket systems. Baron’s + on SAVE LUV DAL STAY LIND MPC LVS CTRE WELL VTR PEAL LTC DHC. Amazon (AMZN), Apple (AAPL) and Target (TGT) to close some locations over the weekend due to…

CAPIS Morning Note – 5/29/20 Minneapolis Burns, President Trump To Speak On China Today – Stocks Mixed

Morning Note

Morning Note

posted by CAPIS on 05/29/2020 at 5:58 am
by CAPIS on 05/29/2020

Catalyst Of The Day: President Trump holds a presser on China and Hong Kong Bill. (CNBC) IPOs on deck: None of note. IPOs Filed:   None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: NFG VRTU (selling shareholders) NLOK (selling shareholders) MRNS APPN (company and selling shreholders) of note. Mixed Shelf Offerings:  NAVI of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   WSM +0.69, DELL +0.40, VMW +0.34, DXC +0.24, OLLI +0.15, PSTG +0.14, OKTA +0.10, VEEV +0.10, ZS +0.05, MRVL +0.04, PAGS +0.03, COST +0.03, CRM +0.01 of note. Misses:  ULTA (2.06), JWN (1.06), TCOM (0.07) of note. Gap Up: ZS +16%, VMW +9%, KPTI +8%, GLUU +8%, WSM +8%, BIG +7%, DELL +6%, MRVL +5%, TSLA +4%. Gap Down: MRNS -15%, APY -10%, CGNX -7%, NFG -6%, DXC -5%, APPN -4%. Hourly Action This Past Week: Updated 5/28 Close News After The Close (In Order) Cognex (CGNX) cuts workforce by 8%. TrueCar (TRUE) cuts workforce by 30%. Viacom (VIAC) to cut 400 jobs. Salesforce (CRM) and AT&T (T) announce a multi-year strategic deal. President Trump signs Executive Order that removes legal protections for social media companies like Twitter (TWTR) and Facebook (FB). Lowers Guidance: MEI Raises Guidance: VEEV MRVL OKTA ZS  Withdraws 2020 or 2021 Guidance: PSTG Dividend Increase: Dividend Cut…

Catalyst Of The Day: President Trump holds a presser on China and Hong Kong Bill. (CNBC) IPOs on deck: None of note. IPOs Filed:   None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: NFG VRTU (selling shareholders) NLOK (selling shareholders) MRNS APPN (company and selling shreholders) of note. Mixed Shelf Offerings:  NAVI of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   WSM +0.69, DELL +0.40, VMW +0.34, DXC +0.24, OLLI +0.15, PSTG +0.14, OKTA +0.10, VEEV +0.10, ZS +0.05, MRVL +0.04, PAGS +0.03, COST +0.03, CRM +0.01 of note. Misses:  ULTA (2.06), JWN (1.06), TCOM (0.07) of note. Gap Up: ZS +16%, VMW +9%, KPTI +8%, GLUU +8%, WSM +8%, BIG +7%, DELL +6%, MRVL +5%, TSLA +4%. Gap Down: MRNS -15%, APY -10%, CGNX -7%, NFG -6%, DXC -5%, APPN -4%. Hourly Action This Past Week: Updated 5/28 Close News After The Close (In Order) Cognex (CGNX) cuts workforce by 8%. TrueCar (TRUE) cuts workforce by 30%. Viacom (VIAC) to cut 400 jobs. Salesforce (CRM) and AT&T (T) announce a multi-year strategic deal. President Trump signs Executive Order that removes legal protections for social media companies like Twitter (TWTR) and Facebook (FB). Lowers Guidance: MEI Raises Guidance: VEEV MRVL OKTA ZS  Withdraws 2020 or 2021 Guidance: PSTG Dividend Increase: Dividend Cut…

CAPIS Morning Note -5/28/20 China & U.S. Escalate Tensions Over Hong Kong

Morning Note

Morning Note

posted by CAPIS on 05/28/2020 at 6:30 am
by CAPIS on 05/28/2020

IPOs on deck: None of note. IPOs Filed:   None of note. Secondaries Priced: PEN BCRX ARGX VIE  of note. Notes Priced of note:  SLAB NUVA of note. Common Stock filings:  GO (selling shareholder)  TWTR (selling shareholder) IOVA ARNA BCRX  PEN RCUS MRSN ESNT of note. Mixed Shelf Offerings:  DAL IOVA ADC RCUS  of note. Convertible Offering Files: BILI CRNC of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   CACC +5.52, UHAL +1.72, SPTN +0.38, PLT +0.19, TOL +0.19, NTNX +0.17, NTAP +0.15, COHR +0.09, BOX +0.08, HPQ +0.06, ADSK +0.06, SMTC +0.03 of note. Misses:  BEST (0.34), DSGX (0.16), WDAY (0.05) of note. Gap Up: PHAS +68%, TGI +14%, SMTC +12%, AOBC +10%, LL +10%, SLP +9%, PLMR +8%, TOL +8%, BA +6%, WDAY +6%, HPP +6%, CSIQ +5%, SPTN +4%, DHC +4%, LOGI +4% Gap Down: IOVA -12%, ARNA -12%, HPQ -6%, COHR -6%, BCRX -6%, PLT -5%, VIE -5%, MRSN -5%, CRNC -5%, NIO -4% Hourly Action This Past Week: Updated 5/27 Close News After The Close (In Order) Immunomedics (IMMU) CEO Harout Semerjian to leave firm. SpaceX and NASA push back launch to Saturday due to bad weather. Apache (APA) moves to NASDAQ from NYSE on 6/9. Boeing (BA) restarts production of 737 MAX. Index Changes: HPP to replace DHC in S&P 400. SLP to replace TIVO in S&P 600. PLMR to replace LXU in S&P 600. Lockheed Martin (LMT) wins $390 million Navy contract. House approves China Sanctions Bill, head to President…

IPOs on deck: None of note. IPOs Filed:   None of note. Secondaries Priced: PEN BCRX ARGX VIE  of note. Notes Priced of note:  SLAB NUVA of note. Common Stock filings:  GO (selling shareholder)  TWTR (selling shareholder) IOVA ARNA BCRX  PEN RCUS MRSN ESNT of note. Mixed Shelf Offerings:  DAL IOVA ADC RCUS  of note. Convertible Offering Files: BILI CRNC of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   CACC +5.52, UHAL +1.72, SPTN +0.38, PLT +0.19, TOL +0.19, NTNX +0.17, NTAP +0.15, COHR +0.09, BOX +0.08, HPQ +0.06, ADSK +0.06, SMTC +0.03 of note. Misses:  BEST (0.34), DSGX (0.16), WDAY (0.05) of note. Gap Up: PHAS +68%, TGI +14%, SMTC +12%, AOBC +10%, LL +10%, SLP +9%, PLMR +8%, TOL +8%, BA +6%, WDAY +6%, HPP +6%, CSIQ +5%, SPTN +4%, DHC +4%, LOGI +4% Gap Down: IOVA -12%, ARNA -12%, HPQ -6%, COHR -6%, BCRX -6%, PLT -5%, VIE -5%, MRSN -5%, CRNC -5%, NIO -4% Hourly Action This Past Week: Updated 5/27 Close News After The Close (In Order) Immunomedics (IMMU) CEO Harout Semerjian to leave firm. SpaceX and NASA push back launch to Saturday due to bad weather. Apache (APA) moves to NASDAQ from NYSE on 6/9. Boeing (BA) restarts production of 737 MAX. Index Changes: HPP to replace DHC in S&P 400. SLP to replace TIVO in S&P 600. PLMR to replace LXU in S&P 600. Lockheed Martin (LMT) wins $390 million Navy contract. House approves China Sanctions Bill, head to President…

CAPIS Morning Note -5/27/20 Overnight Buying Sends Futures Higher

Morning Note

Morning Note

posted by CAPIS on 05/27/2020 at 6:29 am
by CAPIS on 05/27/2020

IPOs on Deck: None of note. IPOs Filed: None of note. Secondaries Priced: TMDX REGN  of note. Notes Priced of note: FBIO ONEM ATRA  of note. Common Stock filings: ARGX ATRA IIPR RPAY FVRR ACMR VNTR BEP ZOOM of note. Mixed Shelf Offerings: EPAY of note. Convertible Offering Files: NUVA SLAB of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat: HEI +0.16, VSAT +0.06 of note. Misses: KEYS (0.25) of note. Gap Up: STNE +23%, OOMA +11%, TSCO +9%,  CHRS +8%, HEI +8%, VIPS +5%, ATRA +5%, ESNT +4%, PTEN +4%. Gap Down: VSAT -8%, TMDX -6%, KEYS -4%, RY -4%. Hourly Action This Past Week: Updated 5/22 Close News After The Close (In Order) Qualys (QLYS) names Joo Mi Kim as CFO. CBOE Global Markets (CBOE) to reopen CBOE Options Exchange trading floor in Chicago on June 8th. Walt Disney (DIS) will submit proposal today for phased reopening of Florida Orlando parks. Domino’s Pizza (DPZ) sees comps trending higher inf weeks 5-8 of pandemic versus 104. Aecom Tech (ACM) awarded $1 billion Navy contract modification. Twitter (TWTR) adds fact check label to President Trump. President Trump calls for drop in co pays for insulin for diabetics. Lowers Guidance: Raises Guidance: TSCO (Q2) Withdraws 2020 Guidance: Dividend Increase: Dividend Cut or Suspended: Share Buyback Announcements: What’s Happening…

IPOs on Deck: None of note. IPOs Filed: None of note. Secondaries Priced: TMDX REGN  of note. Notes Priced of note: FBIO ONEM ATRA  of note. Common Stock filings: ARGX ATRA IIPR RPAY FVRR ACMR VNTR BEP ZOOM of note. Mixed Shelf Offerings: EPAY of note. Convertible Offering Files: NUVA SLAB of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat: HEI +0.16, VSAT +0.06 of note. Misses: KEYS (0.25) of note. Gap Up: STNE +23%, OOMA +11%, TSCO +9%,  CHRS +8%, HEI +8%, VIPS +5%, ATRA +5%, ESNT +4%, PTEN +4%. Gap Down: VSAT -8%, TMDX -6%, KEYS -4%, RY -4%. Hourly Action This Past Week: Updated 5/22 Close News After The Close (In Order) Qualys (QLYS) names Joo Mi Kim as CFO. CBOE Global Markets (CBOE) to reopen CBOE Options Exchange trading floor in Chicago on June 8th. Walt Disney (DIS) will submit proposal today for phased reopening of Florida Orlando parks. Domino’s Pizza (DPZ) sees comps trending higher inf weeks 5-8 of pandemic versus 104. Aecom Tech (ACM) awarded $1 billion Navy contract modification. Twitter (TWTR) adds fact check label to President Trump. President Trump calls for drop in co pays for insulin for diabetics. Lowers Guidance: Raises Guidance: TSCO (Q2) Withdraws 2020 Guidance: Dividend Increase: Dividend Cut or Suspended: Share Buyback Announcements: What’s Happening…

CAPIS Morning Note -5/26/20 Futures On Fire As We Start The Week

Morning Note

Morning Note

posted by CAPIS on 05/26/2020 at 6:20 am
by CAPIS on 05/26/2020

IPOs on deck: None of note. IPOs Filed:  Warner Music Group (WMG) of note. Secondaries Priced:None of note. Notes Priced of note:  None of note. Common Stock filings: PYPL (selling shareholders)  REGN  VIE  of note. Mixed Shelf Offerings:  BXP SRDX CNP SU SWN  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. Misses:   None of note. Gap Up: EVFM +46%, ARGX +27%, NVAX +19%, DOYU +15%, ZEAL +12%. Gap Down: LTM -40%, HTZ -36%. Hourly Action This Past Week: Updated 5/21 Close News After The Close (In Order) Tyson (TSN) facility in Temperanceville, VA finds that of the 1,282 workers 257 tested positive with most asymptomatic. Hertz (HTZ) files for bankruptcy via Chapter 11. Novavax (NVAX) starts Phase 1 and 2 Trial of its COVID-19 vaccine. LATAM Airlines (LTM) files for bankruptcy via Chapter 11. White House suspends travel by Americans to Brazil due to COVID-19 outbreak there. NBA may resume season at Disney (DIS) resort in Florida Barron’s + on WMT HD LOW TGT DBX  and mixed on URBN KSS NFLX CLX. Lowers Guidance:  Raises Guidance:  Withdraws 2020 Guidance: PLAN (2021) Dividend Increase: Dividend Cut or Suspended: TAP (suspends) Share Buyback Announcements:  What’s Happening This Morning: Futures value reflects…

IPOs on deck: None of note. IPOs Filed:  Warner Music Group (WMG) of note. Secondaries Priced:None of note. Notes Priced of note:  None of note. Common Stock filings: PYPL (selling shareholders)  REGN  VIE  of note. Mixed Shelf Offerings:  BXP SRDX CNP SU SWN  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. Misses:   None of note. Gap Up: EVFM +46%, ARGX +27%, NVAX +19%, DOYU +15%, ZEAL +12%. Gap Down: LTM -40%, HTZ -36%. Hourly Action This Past Week: Updated 5/21 Close News After The Close (In Order) Tyson (TSN) facility in Temperanceville, VA finds that of the 1,282 workers 257 tested positive with most asymptomatic. Hertz (HTZ) files for bankruptcy via Chapter 11. Novavax (NVAX) starts Phase 1 and 2 Trial of its COVID-19 vaccine. LATAM Airlines (LTM) files for bankruptcy via Chapter 11. White House suspends travel by Americans to Brazil due to COVID-19 outbreak there. NBA may resume season at Disney (DIS) resort in Florida Barron’s + on WMT HD LOW TGT DBX  and mixed on URBN KSS NFLX CLX. Lowers Guidance:  Raises Guidance:  Withdraws 2020 Guidance: PLAN (2021) Dividend Increase: Dividend Cut or Suspended: TAP (suspends) Share Buyback Announcements:  What’s Happening This Morning: Futures value reflects…

CAPIS Morning Note -5/22/20

Morning Note

Morning Note

posted by CAPIS on 05/21/2020 at 6:31 pm
by CAPIS on 05/21/2020

Must See TV: Democratic Presidential Candidate Joe Biden interview on CNBC. IPOs on deck: Inari (NARI) prices IPO at $19 above range of $17-$18. IPOs Filed:  None of note. Secondaries Priced: DVAX HOTH BSX CFRX GERN  of note. Notes Priced of note:  BSX FIVN UAA of note. Common Stock filings:  GERN DVAX CDXC  H KNSA  of note. Mixed Shelf Offerings: INSM MNRL of note. Convertible Offering Files:None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   DECK +0.48, NVDA +0.27, PANW +0.21, A +0.10, RAMP +0.09, CHUY +0.05, ELF +0.05, PRSP +0.02, SPLK +0.01, INTU +0.01 of note. Misses:  ROST (0.31), HPE (0.07) of note. Gap Up: PLUS +7%, RAMP +7%, PANW +6%, ELF +5%, A +5%, AQST +5%, TLSA +5%, CRMT +5%, SPLK +4% Gap Down: GERN -20%, SNDX -20%, CFRX -14%, HOTH -13%, DVAX -11%, HPE -7%, PAE -6%, AGYS -6% Hourly Action This Past Week: Updated 5/20 Close News After The Close (In Order) PAE wins a $158 Air Force contract. Dell (DELL) suspends new hires and suspends certain employee benefits and promotions through year end. AAR Corp (AIR) to close Duluth, Minnesota facility. Callaway Golf (ELY) reopens its primary manufacturing plant for golf balls as Phil Mickelson needs some for his weekend match with Tiger. General Motors (GM) is restarting plant in Mexico. Lowers Guidance: SPLPK (Q2) Raises Guidance: NVDA Withdraws 2020 Guidance: ROST SPLK…

Must See TV: Democratic Presidential Candidate Joe Biden interview on CNBC. IPOs on deck: Inari (NARI) prices IPO at $19 above range of $17-$18. IPOs Filed:  None of note. Secondaries Priced: DVAX HOTH BSX CFRX GERN  of note. Notes Priced of note:  BSX FIVN UAA of note. Common Stock filings:  GERN DVAX CDXC  H KNSA  of note. Mixed Shelf Offerings: INSM MNRL of note. Convertible Offering Files:None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:   DECK +0.48, NVDA +0.27, PANW +0.21, A +0.10, RAMP +0.09, CHUY +0.05, ELF +0.05, PRSP +0.02, SPLK +0.01, INTU +0.01 of note. Misses:  ROST (0.31), HPE (0.07) of note. Gap Up: PLUS +7%, RAMP +7%, PANW +6%, ELF +5%, A +5%, AQST +5%, TLSA +5%, CRMT +5%, SPLK +4% Gap Down: GERN -20%, SNDX -20%, CFRX -14%, HOTH -13%, DVAX -11%, HPE -7%, PAE -6%, AGYS -6% Hourly Action This Past Week: Updated 5/20 Close News After The Close (In Order) PAE wins a $158 Air Force contract. Dell (DELL) suspends new hires and suspends certain employee benefits and promotions through year end. AAR Corp (AIR) to close Duluth, Minnesota facility. Callaway Golf (ELY) reopens its primary manufacturing plant for golf balls as Phil Mickelson needs some for his weekend match with Tiger. General Motors (GM) is restarting plant in Mexico. Lowers Guidance: SPLPK (Q2) Raises Guidance: NVDA Withdraws 2020 Guidance: ROST SPLK…

CAPIS Morning Note – 5/21/20 U.S. Ups China Rhetoric, Stocks Stall Below 3000

Morning Note

Morning Note

posted by CAPIS on 05/21/2020 at 6:30 am
by CAPIS on 05/21/2020

IPOs on deck: SelectQuote (SLQT) prices IPO at $20 a share above expected range of $17-$19. IPOs Filed:  None of note. Secondaries Priced: CSGP AVTR FSLY BDX FLXN  of note. Notes Priced of note: BDX CYRX of note. Common Stock filings: FLXN  SCPH KDP BSX  of note. Mixed Shelf Offerings: LMAT of note. Convertible Offering Files: UA BSX FIVN of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  NDSN +0.32, SNPS +0.23, ZTO +0.12, HUYA +0.08, YY +0.06 of note. Misses:  EXPE (0.46), LB (0.28), SCVL (0.19), TTWO (0.17), BOOT (0.08), SKY (0.08), CPRT (0.05) of note. Gap Up: ACB +31%, HVT +8%, HWKN +5%, SCVL +5%, TNK +4%, ORIC +4%  Gap Down: SCPH -18%, FLXN -12%, ZTO -8%, RUTH -8%, HUYA -6%, GLPG -6%, YY -5%, TTWO -5%, FSLY -4%, BSX -4%, KDP -4% Hourly Action This Past Week: Updated 5/19 Close News After The Close (In Order) Gilead Sciences (GILD) and Galapgos NV (GLPG) announce positive top line results on Pahse 2b & 3 trials for moderate to severe ulcerative colitis. Walt Disney (DIS) is not presenting reopening plans to Florida as was previously reported. Supreme Court blocks Congress from receiving grand jury materials from Mueller investigation. Canadian Goos (GOOS) cuts 250 jobs. Lowers Guidance: TTWO SNPS (Q2)  Raises Guidance:  Withdraws 2020 Guidance:  Dividend Increase: EQH Dividend Cut or Suspended: NOV Share Buyback Announcements: PLUS What’s Happening This…

IPOs on deck: SelectQuote (SLQT) prices IPO at $20 a share above expected range of $17-$19. IPOs Filed:  None of note. Secondaries Priced: CSGP AVTR FSLY BDX FLXN  of note. Notes Priced of note: BDX CYRX of note. Common Stock filings: FLXN  SCPH KDP BSX  of note. Mixed Shelf Offerings: LMAT of note. Convertible Offering Files: UA BSX FIVN of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  NDSN +0.32, SNPS +0.23, ZTO +0.12, HUYA +0.08, YY +0.06 of note. Misses:  EXPE (0.46), LB (0.28), SCVL (0.19), TTWO (0.17), BOOT (0.08), SKY (0.08), CPRT (0.05) of note. Gap Up: ACB +31%, HVT +8%, HWKN +5%, SCVL +5%, TNK +4%, ORIC +4%  Gap Down: SCPH -18%, FLXN -12%, ZTO -8%, RUTH -8%, HUYA -6%, GLPG -6%, YY -5%, TTWO -5%, FSLY -4%, BSX -4%, KDP -4% Hourly Action This Past Week: Updated 5/19 Close News After The Close (In Order) Gilead Sciences (GILD) and Galapgos NV (GLPG) announce positive top line results on Pahse 2b & 3 trials for moderate to severe ulcerative colitis. Walt Disney (DIS) is not presenting reopening plans to Florida as was previously reported. Supreme Court blocks Congress from receiving grand jury materials from Mueller investigation. Canadian Goos (GOOS) cuts 250 jobs. Lowers Guidance: TTWO SNPS (Q2)  Raises Guidance:  Withdraws 2020 Guidance:  Dividend Increase: EQH Dividend Cut or Suspended: NOV Share Buyback Announcements: PLUS What’s Happening This…

CAPIS Morning Note – 5/20/20 Futures Bounce Higher

Morning Note

Morning Note

posted by CAPIS on 05/20/2020 at 6:22 am
by CAPIS on 05/20/2020

Key Interview: CNBC interviews Federal Reserve Dallas President Robert Kaplan as we go to press.  IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: CABO FND RP OCUL of note. Notes Priced of note: CYRX MODN TCDA RP of note. Common Stock filings: VNRX  BDX CSGP FND  ALRM OCUL KWR  of note. Mixed Shelf Offerings: None  of note. Convertible Offering Files: SE of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  NTES +3.90, SQM +0.07 of note. Misses:  RRR (2.16), URBN (1.15), KRNT (0.11) of note. Gap Up: PAE +29%, KRNT +15%, ARR +9%, LOW +7%, EIGR +6%, CSV +5%, QIWI +4% Gap Down: VNRX -13%, ALRM -5%, OCUL -5%, CABO -4%, URBN -4%, Hourly Action This Past Week: Updated 5/19 Close News After The Close (In Order) PAE wins 10 years contracts with U.S> Customs and Border Protection Agency. Johnson & Johnson (JNJ) to permanently stop the sale of talc based baby powder in the U.S. and Canada. Lockheed Martin (LMT) to slow the pace of production for F-35 jets in Texas. President Trump may ban travel to Brazil due to coronavirus. Viasat (VSAT) wins $999 million Navy contract. Lowers Guidance: MCK Raises Guidance: KRNT Withdraws 2020 Guidance:  Dividend Increase:  AMT ARR NOC CLX NAT Dividend Cut or Suspended: RRR TILE HAL  Share Buyback Announcements:  What’s…

Key Interview: CNBC interviews Federal Reserve Dallas President Robert Kaplan as we go to press.  IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: CABO FND RP OCUL of note. Notes Priced of note: CYRX MODN TCDA RP of note. Common Stock filings: VNRX  BDX CSGP FND  ALRM OCUL KWR  of note. Mixed Shelf Offerings: None  of note. Convertible Offering Files: SE of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  NTES +3.90, SQM +0.07 of note. Misses:  RRR (2.16), URBN (1.15), KRNT (0.11) of note. Gap Up: PAE +29%, KRNT +15%, ARR +9%, LOW +7%, EIGR +6%, CSV +5%, QIWI +4% Gap Down: VNRX -13%, ALRM -5%, OCUL -5%, CABO -4%, URBN -4%, Hourly Action This Past Week: Updated 5/19 Close News After The Close (In Order) PAE wins 10 years contracts with U.S> Customs and Border Protection Agency. Johnson & Johnson (JNJ) to permanently stop the sale of talc based baby powder in the U.S. and Canada. Lockheed Martin (LMT) to slow the pace of production for F-35 jets in Texas. President Trump may ban travel to Brazil due to coronavirus. Viasat (VSAT) wins $999 million Navy contract. Lowers Guidance: MCK Raises Guidance: KRNT Withdraws 2020 Guidance:  Dividend Increase:  AMT ARR NOC CLX NAT Dividend Cut or Suspended: RRR TILE HAL  Share Buyback Announcements:  What’s…

CAPIS Morning Note – 5/19/20 Fed Chairman Powell & Treasury Secretary Mnuchin To The Hill Today

Morning Note

Morning Note

posted by CAPIS on 05/19/2020 at 6:24 am
by CAPIS on 05/19/2020

Lead Headline:  IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: CLVS  HLI TPTX BLUE KRYS MRNA GMDA NVST GOSS  of note. Notes Priced of note: None of note. Common Stock filings: GMDA CLVS BLPH AVTR FSLY CABO KRYS MRNA HLI RP CVNA  of note. Mixed Shelf Offerings:  EURN SCU of note. Convertible Offering Files:  SE RP TCDA of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  BIDU +4.86 of note. Misses:   IQ (0.72), BILI (0.44), BVN (0.31) of note. Gap Up: ABUS +51%, DVAX +42%, DOC +8%, AAP +8%, BIDU +7%, SINA +4%, Gap Down: GMDA -20%, BLPH -14%, GOSS -11%, CLVS -9%, CVNA -8%, NVAX -6%, IQ -6%, NVST -5%, MRNA -5%, BVN -5% Hourly Action This Past Week: Updated 5/18 Close News After The Close (In Order) Walt Disney (DIS) names Josh  D’Amaro Chairman of Disney Parks and names Rebecca Campbell as Chairman of Direct to Consumer and International. Walt Disney (DIS) Kevin Mayer the head of Disney+ leaving to become head of TikTok. SmileDirectClub (SDC) files of $2.8 billion lawsuit against NBC News for defamation. Softbank may sell shares in T-Mobile (TMUS) to Deutsche Telekom. President Trump states he has been taking Hydroxychloroquine to prevent COVID-19. Federal  Reserve Chairman Powell releases his testimony for Tuesday appearance. Northrop Grumman (NOC) wins $2.38 billion Air Force contract. Lockheed Martin (LMT) wins $490…

Lead Headline:  IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: CLVS  HLI TPTX BLUE KRYS MRNA GMDA NVST GOSS  of note. Notes Priced of note: None of note. Common Stock filings: GMDA CLVS BLPH AVTR FSLY CABO KRYS MRNA HLI RP CVNA  of note. Mixed Shelf Offerings:  EURN SCU of note. Convertible Offering Files:  SE RP TCDA of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  BIDU +4.86 of note. Misses:   IQ (0.72), BILI (0.44), BVN (0.31) of note. Gap Up: ABUS +51%, DVAX +42%, DOC +8%, AAP +8%, BIDU +7%, SINA +4%, Gap Down: GMDA -20%, BLPH -14%, GOSS -11%, CLVS -9%, CVNA -8%, NVAX -6%, IQ -6%, NVST -5%, MRNA -5%, BVN -5% Hourly Action This Past Week: Updated 5/18 Close News After The Close (In Order) Walt Disney (DIS) names Josh  D’Amaro Chairman of Disney Parks and names Rebecca Campbell as Chairman of Direct to Consumer and International. Walt Disney (DIS) Kevin Mayer the head of Disney+ leaving to become head of TikTok. SmileDirectClub (SDC) files of $2.8 billion lawsuit against NBC News for defamation. Softbank may sell shares in T-Mobile (TMUS) to Deutsche Telekom. President Trump states he has been taking Hydroxychloroquine to prevent COVID-19. Federal  Reserve Chairman Powell releases his testimony for Tuesday appearance. Northrop Grumman (NOC) wins $2.38 billion Air Force contract. Lockheed Martin (LMT) wins $490…

CAPIS Morning Note -5/18/20 Moderna (MRNA) Puts Up Positive Phase One Data On Eight Patients

Morning Note

Morning Note

posted by CAPIS on 05/18/2020 at 6:30 am
by CAPIS on 05/18/2020

Lead Headline: Moderna (MRNA) announces positive Phase I data on 8 patients for their vaccine in generating antibodies. (CNBC) IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: TPTX BLUE of note. Mixed Shelf Offerings: TPTX UHT HOOK TNET IAG HCI UMH  of note. Convertible Offering Files: NVST of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  None of note. Misses:  None of note. Gap Up: FLGT +34%, DCPH +9%, VIR +9%, TOT +7%, RDS.A +6%, BP +6%, HAL +6%, SLB +4%, XOM +4%. Gap Down: JCP -30%, CCXI -10%. Hourly Action This Past Week: Updated 5/15 Close News After The Close (In Order) Various hedge fund managers were out after the close with their latest 13-F filings. Gilead Sciences (GILD) will conclude two clinical studies that conclude at the end of month. (Reuters) Federal Reserve releases May Financial Stability Report after the close and states that another wave would be problematic. Department of Justice and several state attorney generals to file antitrust lawsuits against Google (GOOGL) over ad business. Fitch takes France’s outlook to negative from stable. BAE Systems (BAESY) wins $1.2 billion contract from Defense Logistics Agency. J.C. Penney (JCP) files for bankruptcy under Chapter 11. House passed $3…

Lead Headline: Moderna (MRNA) announces positive Phase I data on 8 patients for their vaccine in generating antibodies. (CNBC) IPOs on deck: None of note. IPOs Filed:  None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings: TPTX BLUE of note. Mixed Shelf Offerings: TPTX UHT HOOK TNET IAG HCI UMH  of note. Convertible Offering Files: NVST of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat:  None of note. Misses:  None of note. Gap Up: FLGT +34%, DCPH +9%, VIR +9%, TOT +7%, RDS.A +6%, BP +6%, HAL +6%, SLB +4%, XOM +4%. Gap Down: JCP -30%, CCXI -10%. Hourly Action This Past Week: Updated 5/15 Close News After The Close (In Order) Various hedge fund managers were out after the close with their latest 13-F filings. Gilead Sciences (GILD) will conclude two clinical studies that conclude at the end of month. (Reuters) Federal Reserve releases May Financial Stability Report after the close and states that another wave would be problematic. Department of Justice and several state attorney generals to file antitrust lawsuits against Google (GOOGL) over ad business. Fitch takes France’s outlook to negative from stable. BAE Systems (BAESY) wins $1.2 billion contract from Defense Logistics Agency. J.C. Penney (JCP) files for bankruptcy under Chapter 11. House passed $3…

CAPIS Morning Note – 5/15/20 President Trump Cuts Off Shipments of Chips To Huawei, Future Plummet

Morning Note

Morning Note

posted by CAPIS on 05/14/2020 at 9:33 pm
by CAPIS on 05/14/2020

Lead Headline: President Trump to block shipments of chips to Huawei. China counters in Global Times article as threatens Cisco (CSCO), Qualcomm (QCOM), Boeing (BA) and Apple (AAPL).(Reuters) IPOs on deck:  ADC Therapeutics (ADCT) prices IPO. IPOs Filed:  None of note. Secondaries Priced: PRPL TGTX OYST of note. Notes Priced of note:  TDC PETQ of note. Common Stock filings: TGTX  of note. Mixed Shelf Offerings: CHH PGC TARA  of note. Convertible Offering Files: None  of note. Senior Notes Filed: None  of note. Courtesy of IPO Financial Earnings After The Close: Beat:   NEWR +0.11, NLOK +0.10, DENN +0.07, SSRM +0.04, GLOB +0.02, GTBIF +0.01 of note. Misses:   DDS (5.97), CVET (0.46), HBM (0.16), FTCH (0.04) of note. Flat: AMAT Gap Up: NEWR +18%, OCUL +17%, DENN +11%, HBM +10%, DDS +8%, GLOB +4%, JD +4%, PBF +4%, SSRM +4% Gap Down: CODX -13%, FTCH -9%, HOLI -8%, CVET -7%, OYST -6%, BLU -5%, TGTX -4% Hourly Action This Past Week: Updated 5/14 Close News After The Close (In Order) Science Applications (SAIC) wins $42 million Army task order. NYSE to re-open floor on May 26th. Lockheed (LMT) wins $900 million Navy contract. CDC posts openings for various types of locations. (CDC) Lowers Guidance: NKE Raises Guidance: GLOB  Withdraws 2020 Guidance:  Dividend Increase: AAON Dividend Cut or Suspended:  Share Buyback Announcements:  What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate…

Lead Headline: President Trump to block shipments of chips to Huawei. China counters in Global Times article as threatens Cisco (CSCO), Qualcomm (QCOM), Boeing (BA) and Apple (AAPL).(Reuters) IPOs on deck:  ADC Therapeutics (ADCT) prices IPO. IPOs Filed:  None of note. Secondaries Priced: PRPL TGTX OYST of note. Notes Priced of note:  TDC PETQ of note. Common Stock filings: TGTX  of note. Mixed Shelf Offerings: CHH PGC TARA  of note. Convertible Offering Files: None  of note. Senior Notes Filed: None  of note. Courtesy of IPO Financial Earnings After The Close: Beat:   NEWR +0.11, NLOK +0.10, DENN +0.07, SSRM +0.04, GLOB +0.02, GTBIF +0.01 of note. Misses:   DDS (5.97), CVET (0.46), HBM (0.16), FTCH (0.04) of note. Flat: AMAT Gap Up: NEWR +18%, OCUL +17%, DENN +11%, HBM +10%, DDS +8%, GLOB +4%, JD +4%, PBF +4%, SSRM +4% Gap Down: CODX -13%, FTCH -9%, HOLI -8%, CVET -7%, OYST -6%, BLU -5%, TGTX -4% Hourly Action This Past Week: Updated 5/14 Close News After The Close (In Order) Science Applications (SAIC) wins $42 million Army task order. NYSE to re-open floor on May 26th. Lockheed (LMT) wins $900 million Navy contract. CDC posts openings for various types of locations. (CDC) Lowers Guidance: NKE Raises Guidance: GLOB  Withdraws 2020 Guidance:  Dividend Increase: AAON Dividend Cut or Suspended:  Share Buyback Announcements:  What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate…

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