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Overnight Summary: The S&P 500 closed Wednesday at 4459.45  from 4462.21  on Tuesday down -0.06%. Futures traded higher most of the night. The overnight high was hit at 4:20 a.m. EDT this morning at 4,493.75. The low was hit at 4,454 at 4:05 p.m. EDT, a range of 39 points high to low. At 7:30 a.m. EDT the current price is 4492.25 which is 0.82% and 36.75. Earnings Out After The Close: Beats: TSLA +0.95, THC +0.87, VMI +0.63, RLI +0.45, AA +0.18, LSTR +0.15, LBRT +0.11, CNS +0.09, KNX +0.09, EFX +0.08, UMPQ +0.03, CSX +0.02, FR +0.01, SLG +0.01, BDN +0.01, KMI +0.01, STLD +0.01. Flat: CVBF +0.00, KALU +0.00. Misses: CVNA (1.31), SNBR (0.25), LRCX (0.11), GL (0.03), TCBI (0.03), UAL (0.02), CCI (0.02), SEIC (0.01). Capital Raises: IPOs Priced or News: None of note. New SPACs launched/News: None of note. Secondaries Priced: Holley Inc. (HLLY) prices secondary offering of 8.0 mln shares of common stock at $12.00 per share. Notes Priced of note: None of note. Common Stock filings/Notes: CING: Filed Form 424B4.. 4,791,665 Shares of Common Stock Issuable Upon Exercise of Previously Issued Warrants. CVNA: Filed Form 424B5.. $1,000,000,000 Class A Common Stock. Pricing of…

Overnight Summary: The S&P 500 closed Monday at 4391.69  from 4392.59  on Thursday up 0.04%. Futures have been mixed most of the night. The overnight high was hit at 8:00 p.m. EDT last night at 4,411. The low was hit at 4,371 at 5:55 a.m. EDT, a range of 22 points high to low. At 7:25 a.m. EDT the current price is 4385 which is -0.04% and -1.75. Breaking News: Russian President Putin calls for all foreign listings of Russian companies to be rescinded. Could be a big hit to the Oligarchs. (Bloomberg) Earnings Out After The Close: Beats: JBHT +0.035, HOPE +0.11, PNFP +0.08, ELS +0.02, FNB +0.02. Flat: NBHC. Misses: None of note. Capital Raises: IPOs Priced or News: GOVX: Announces Closing of Initial Public Offering and Exercise of Full Over-Allotment Option. EE: Closing of Initial Public Offering. New SPACs launched/News: Brilliant Acquisition Corporation (BRLI) Announces the Filing of a Registration Statement on Form S-4 in Connection with its Business Combination with Nukkleus Inc. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings/Notes: CRNX: Closing of Underwritten Common Stock Offering. LQDA: Closing of Public Offering of Common Stock and Full Exercise of…

Please note: We will not be publishing Friday morning with the markets closed in observance of Good Friday. Overnight Summary: The S&P 500 closed Wednesday at 4446.59 from 4397.45 on Tuesday up 1.12%. Futures have been flat most of the night. The overnight high was hit at 2:00 a.m. EDT at 4,455. The low was hit at 4,436 at 5:55 a.m. EDT, a range of 20 points high to low. At 7:20 a.m. EDT the current price is 4442.25 which is 0.00%. Breaking News: European Central Bank ends bond buying due to inflation surge. Earnings Out After The Close: Beats: None of note. Flat: WAFD. Misses: None of note. Capital Raises: IPOs Priced or News: None of note. New SPACs launched/News: None of note. Secondaries Priced: Sonic Foundry (SOFO) Announces Pricing of $4.3 Million Public Offering Notes Priced of note: None of note. Common Stock filings/Notes: SOFO: Filed Form 424B5.. Common Stock Pricing of Over-Allotment/Notes: None of note. Direct Offering: Oncocyte Corporation (OCX) Announces Pricing of Registered Direct Offering of 11,765 Shares of Series A Convertible Preferred Stock. Selling Shareholders of note: None of note. Private Placement of Public Entity (PIPE): None of note. Mixed Shelf Offerings: ES: Filed Form…

Overnight Summary: The S&P 500 closed Monday at 4412.53 from 4488.28  on Friday down 1.69%. This is now the second day in April where the S&P 500 has lost more than -1%. Futures have been moving lower most of the night before turning up at 3:45 a.m. EDT. The overnight high was hit at 6:40 a.m. EDT at 4,414. The low was hit at 4,382 at 3:45 a.m. EDT, a range of 32 points high to low. At 7:05 a.m. EDT the current price is 4407 down -1.75 which is -0.04%. Trading Note: Stock and bond trading the next two days will be driven by CPI today and PPI tomorrow. Most expect the worst monthly number in many years at 1.2% for each data point. Is this a case of sell the rumor and buy the news? Time will tell. Breaking News: Russian President Putin this morning warns that Russia cannot become isolated. Maybe they should quit invading countries? (CNBC) Earnings Out After The Close: Beats: None of note. Flat: None of note. Misses: None of note. Capital Raises: IPOs Priced or News: None of note. New SPACs launched/News: None of note. Secondaries Priced: HOTH 7M shares offering priced at…

Overnight Summary: The S&P 500 closed Thursday at 4500.21 from 4481.15 on Wednesday. Futures have been moving higher after weakness into the midnight hour. The overnight high was hit at 4:30 a.m. EDT at 4,519.75. The low was hit at 4,491.75 at 8:30 p.m. EDT. At 7:30 a.m. EDT the current price is 4512.25 up +16 which is 0.36%. Earnings Out After The Close: Beats: WDFC +0.39, PSMT +0.04. Flat: None of note. Misses: None of note. Capital Raises: IPOs Priced or News: Ballantyne Strong (BTN) Announces Public Filing of Registration Statement for Proposed Initial Public Offering of Strong Global Entertainment, Inc. New SPACs launched/News: None of note. Secondaries Priced: None of note. Notes Priced of note: ESTE: Pricing of Private Offering of $550 Million of Senior Unsecured Notes due 2027. Freeport Indonesia (FCX )Prices $3.0 Billion of Senior Notes. Take-Two Interactive Software, Inc. (TTWO) Announces Pricing of $2.7 Billion Senior Notes Offering. Common Stock filings/Notes: BTTX: Filed Form 424B3.. Up to 20,406,908 Shares of Common Stock. CPT: Public Offering of Common Shares.. 5.9Million shares .. BAC and WFC Bookmanager. Pricing of Over-Allotment/Notes: None of note. Direct Offering: None of note. Selling Shareholders of note: None of note. Private Placement…

Overnight Summary: The S&P 500 closed Tuesday at 4525.12 from 4582.64 on Monday. Futures have been moving lower after an early morning peak. The overnight high was hit at 2:40 a.m. EDT at 4,528. The low was hit at 4,484 at 7:20 a.m. EDT. At 7:20 a.m. EDT the current price is 4484 down -37 which is -0.84%. Earnings Out After The Close: Beats: SGH +0.15. Flat: None of note. Misses: ARRY (0.03). Capital Raises: IPOs Priced or News: None of note. New SPACs launched/News: None of note. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings/Notes: None of note. Pricing of Over-Allotment/Notes: None of note. Direct Offering: None of note. Selling Shareholders of note: NINE: Filed Form S-3..9,326,080 Shares of Common Stock Offered by the Selling Stockholders. Private Placement of Public Entity (PIPE):  NuScale Power and Spring Valley Acquisition Corp (SV). Announce $15 Million PIPE Investment from Nucor (NUE). Mixed Shelf Offerings: AFCG: Filed Form S-3.. $1,000,000,000 Mixed Shelf. CRDF: Filed Form S-3.. $250 million Mixed Shelf. LGVN: Filed Form S-3.. $50,000,000 Mixed Shelf. MLAB Mesa Laboratories files mixed securities shelf offering. NINE: Filed Form S-3..$250,000,000 Mixed Shelf. YCBD: Filed Form S-3.. $200,000,000 Mixed…

Overnight Summary: The S&P 500 closed Friday at 4545.86 from 4530.61 on Thursday. Futures have been moving higher since Friday’s close. The overnight high was hit at 6:20 a.m. EDT at 4,551. The low was hit at 4,527.50 at 8:25 p.m. EDT. At 7:20 a.m. EDT the current price is 4545.75 up +6.50 which is 0.14%. Earnings Out After The Close: Beats: None of note. Flat: None of note. Misses: None of note. Capital Raises: IPOs Priced or News: None of note. New SPACs launched/News: Iron Spark I Inc (ISAA): Hypebeast plans to list on NASDAQ through Merger with Iron Spark I. Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings/Notes: DLR: Filed Form 424B5.. $1,500,000,000 Common Stock. OLO: Filed Form S-3ASR.. 3,460,168 shares of Class A Common Stock. WE: Filed Form S-1.. 552,382 Shares of Class A Common Stock. WELL: Filed Form S-3ASR.. Common Stock Offering. Pricing of Over-Allotment/Notes: None of note. Direct Offering: None of note. Selling Shareholders of note: Valley National (VLY) files for common stock offering by selling shareholders. Private Placement of Public Entity (PIPE): None of note. Mixed Shelf Offerings: DM: Filed Form S-3ASR.. Mixed Shelf Offering. EWTX: Filed…

Overnight Summary: The S&P 500 closed Wednesday at 4602.45 from 4631.60  on Tuesday. The S&P 500 finally rested after its four day winning streak. Futures hit an early peak, then pulled back, rallied until about 4:00 a.m. EDT before hitting current levels. The overnight high was hit at 8:45 p.m. EDT at 4,614.50. The low was just hit at 4,598 at 7:20 a.m. EDT up +2.50 points +0.03%. Breaking News:  President Biden to speak this afternoon and release 1 million barrels a day from the Strategic Petroleum Reserve (SPR). (Bloomberg) Earnings Out After The Close: Beats: PHR +0.13, PATH +0.02. Flat: None of note. Misses: None of note. Capital Raises: IPOs Priced or News: None of note. New SPACs launched/News: Profitable GameTech Company Novibet to Combine With Nasdaq-listed Artemis Strategic Investment Corporation (ARTE) and to Pursue High Growth iGaming and Online Sports Betting Opportunities in Europe and the Americas. Secondaries Priced: Hess Midstream LP (HESM) Announces Upsizing and Pricing of Secondary Public Offering of Class A Shares. Notes Priced of note: DTM: Pricing of Private Offering of Senior Secured Notes. Workday (WDAY) Announces Pricing of $3.0 Billion Senior Notes Offering. Common Stock filings/Notes: ROVR: Filed Form 424B3.. 91,476,337 Shares of…

Overnight Summary:  The S&P 500 closed Monday at 4575.52 from  4,543.06 on Friday. The S&P 500 now has a three day winning streak. Futures have been moving higher since the market closed on Monday. The overnight high was hit at 5:55 a.m. EDT at 4,592.75. The low came at 4,565.25 at 8:15 a.m. EDT. The current level is at 4,585.75 at 7:30 a.m. EDT up 17.75 up 0.39%. Breaking News: First Day of Ceasefire Talks end as Ukraine pushes for the Ceasefire. (Bloomberg) Earnings Out After The Close: Beats: JEF +0.34. Flat: None of note. Misses: PLAY (0.09). Capital Raises: IPOs Priced or News: None of note. New SPACs launched/News: None of note. Secondaries Priced: Southwest Gas (SWX) prices offering of 5.5 million shares of common stock at $74.00 per share. Notes Priced of note: None of note. Common Stock filings/Notes: AMTI: Filed Form 424B5.. Up to $150,000,000 Common Stock. APLS: Closing of Public Offering of Common Stock and Full Exercise of Option to Purchase Additional Shares. SWX: Filed Form 424B5.. $400,000,000 Common Stock. SLNO: Proposed Underwritten Public Offering.. Opp. bookmanager. Pricing of Over-Allotment/Notes: None of note. Direct Offering: None of note. Selling Shareholders of note: ATER: Filed Form S-1..…

PLEASE NOTE:  Due to travel, the Morning Note will not be published Friday March 25. Overnight Summary:  The S&P 500 closed yesterday at 4456.24 from 4511.61 on Tuesday. The S&P 500 now has one up and two down days this week so far. Most notable is that the S&P 500 closed above 4500 on Tuesday and failed there yesterday. Will it rebound today and become support? The overnight high was hit at 4:55 a.m. EDT at 4479. The low came at 4454 at 6:15 p.m. EDT. The current level is 4476 up 28.50 points which is +0.64% at 5:30 a.m. EDT. Earnings Out After The Close: Beats: TCOM +0.98, OXM +0.23, FUL +0.07, COOK +0.05, OLLI +0.03. Flat: None of note. Misses: KBH (0.07), SCS (0.02). Capital Raises: IPOs Priced or News: None of note. New SPACs launched/News: Ligand (LGND) to Spin-Off its OmniAb Business Through Merger with Avista Public Acquisition Corp. II (AHPA). Secondaries Priced: ARGX prices offering. 1.55 million shares priced at $300 per share. APLS: Proposed Public Offering of Common Stock .. $300 million .. JPM, GS and Evercore bookmanagers. JD Logistics (JD subsidiary) proposes to conduct a placing of new ordinary shares for an aggregate amount…