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

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

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

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

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

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

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

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

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

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