Morning Note

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CAPIS Morning Note: 11/19/20 – Will Yesterday’s Selloff Continue?

Morning Note

Morning Note

posted by CAPIS on 11/19/2020 at 7:41 am
by CAPIS on 11/19/2020

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 11,373,310 from 11,202,899 Deaths 241,704 from 239,784 New Tests 1,541,478 from 1,501,429 New Cases 163,975 from 155,835 with positivity rate +10.6% (up 0.3%) Daily Deaths 1,869 Current Hospitalizations 79,410 from 76,823 Capital Raises: IPOs Priced: Olema Pharmaceuticals (OLMA) priced at $19 a share above range of $16 to $18.  Yasten Holding (YSG) priced at $10.50 with range of $8.50 to $10.50. Telos (TLS) priced at $17.00 a share. Secondaries Priced: ORA NGMS CAMT SPG JAMF PLYA BLI BYSI of note. Notes Priced of note: None of note. Common Stock filings: STOK MGTX   of note. Selling Shareholders of note: None of note. Mixed Shelf Offerings: None of note. Convertible Offering Files: GPRO of note. Senior Notes Filed: None of note. Earnings Out After The Close on Yesterday: Beats: LB +1.07, NVDA +0.99, CUB +0.78, JACK +0.48, UGI +0.36, SCVL +0.35, SONO +0.18, KEYS +0.16, CPRT +0.09, ZTO +0.04, NUAN +0.02 Flat: none…

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 11,373,310 from 11,202,899 Deaths 241,704 from 239,784 New Tests 1,541,478 from 1,501,429 New Cases 163,975 from 155,835 with positivity rate +10.6% (up 0.3%) Daily Deaths 1,869 Current Hospitalizations 79,410 from 76,823 Capital Raises: IPOs Priced: Olema Pharmaceuticals (OLMA) priced at $19 a share above range of $16 to $18.  Yasten Holding (YSG) priced at $10.50 with range of $8.50 to $10.50. Telos (TLS) priced at $17.00 a share. Secondaries Priced: ORA NGMS CAMT SPG JAMF PLYA BLI BYSI of note. Notes Priced of note: None of note. Common Stock filings: STOK MGTX   of note. Selling Shareholders of note: None of note. Mixed Shelf Offerings: None of note. Convertible Offering Files: GPRO of note. Senior Notes Filed: None of note. Earnings Out After The Close on Yesterday: Beats: LB +1.07, NVDA +0.99, CUB +0.78, JACK +0.48, UGI +0.36, SCVL +0.35, SONO +0.18, KEYS +0.16, CPRT +0.09, ZTO +0.04, NUAN +0.02 Flat: none…

CAPIS Morning Note – 11/18/20: Pfizer Ups Efficacy to 95%, Boeing Clears 737 Max And Target Crushes Earnings

Morning Note

Morning Note

posted by CAPIS on 11/18/2020 at 7:38 am
by CAPIS on 11/18/2020

Stat of the Day: Gas Buddy finds only 35% of Americans to travel on the road for Thanksgiving down from 65%. Breaking News: Bitcoin clear $18,000 for first time since 2017. 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. Yesterday was limited replay of last Monday. Since then, my Recovery Index sees only 24 of 66 names in the index are above last Monday’s high. The conclusion: buy the rumor and sell the news. Covid-19 Statistics: Total Cases 11,202,899 from 11,047,064 Recovered This has stopped reporting (https://covidtracking.com/about-data/faq#why-have-you-stopped-reporting-national-recoveries) Deaths 239,784 from 238,217 New Tests 1,501,429 from 1,479,298 New Cases 155,835 from 148,832 with positivity rate +10.3% (up 0.3%) Daily Deaths 1,567 Current Hospitalizations 76,823 from 73,014 Capital Raises: IPOs Priced: None of note. Secondaries Priced: KOD NCLH REZI CCL  of note. Notes Priced of note: None of note. Common Stock filings:  BYSI NCLH CAMT SPG of note. Selling Shareholders of note: HMHC of note. Mixed Shelf Offerings: TRMK of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings Out…

Stat of the Day: Gas Buddy finds only 35% of Americans to travel on the road for Thanksgiving down from 65%. Breaking News: Bitcoin clear $18,000 for first time since 2017. 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. Yesterday was limited replay of last Monday. Since then, my Recovery Index sees only 24 of 66 names in the index are above last Monday’s high. The conclusion: buy the rumor and sell the news. Covid-19 Statistics: Total Cases 11,202,899 from 11,047,064 Recovered This has stopped reporting (https://covidtracking.com/about-data/faq#why-have-you-stopped-reporting-national-recoveries) Deaths 239,784 from 238,217 New Tests 1,501,429 from 1,479,298 New Cases 155,835 from 148,832 with positivity rate +10.3% (up 0.3%) Daily Deaths 1,567 Current Hospitalizations 76,823 from 73,014 Capital Raises: IPOs Priced: None of note. Secondaries Priced: KOD NCLH REZI CCL  of note. Notes Priced of note: None of note. Common Stock filings:  BYSI NCLH CAMT SPG of note. Selling Shareholders of note: HMHC of note. Mixed Shelf Offerings: TRMK of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings Out…

CAPIS Morning Note – 11/17/20: Stocks Weaker This Morning, Amazon Takes On Pharmacies

Morning Note

Morning Note

posted by CAPIS on 11/17/2020 at 7:48 am
by CAPIS on 11/17/2020

Breaking News: Retail Sales grew at 0.3% versus 0.5% estimate, weaker than expected. 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. Yesterday was limited replay of last Monday. Since then, my Recovery Index sees only 24 of 66 names in the index are above last Monday’s high. The conclusion: buy the rumor and sell the news. Covid-19 Statistics: Total Cases 11,047,064 from 10,897,771 Recovered THIS HAS STOPPED REPORTING (https://covidtracking.com/about-data/faq#why-have-you-stopped-reporting-national-recoveries) Deaths 238,217 from 237,625 New Tests 1,479,298 from 1,475,115 New Cases 148,832 from 145,670 with positivity rate +10.0% (up 0.2%) Daily Deaths 581 Current Hospitalizations 73,014 from 69,987 Capital Raises: IPOs Priced: None of note. Secondaries Priced: VRTV PLUG STAG TREE  of note. Notes Priced of note: GH of note. Common Stock filings:  KOD PLUG PLYA STAG ORA CAE VRTV BEKE PDD TREE  of note. Selling Shareholders of note: BLI ORGS of note. Mixed Shelf Offerings: ORA EMR PDD SQNS of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings Out After The Close on Yesterday: Beat: BIDU +7.27, IQ +1.00,…

Breaking News: Retail Sales grew at 0.3% versus 0.5% estimate, weaker than expected. 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. Yesterday was limited replay of last Monday. Since then, my Recovery Index sees only 24 of 66 names in the index are above last Monday’s high. The conclusion: buy the rumor and sell the news. Covid-19 Statistics: Total Cases 11,047,064 from 10,897,771 Recovered THIS HAS STOPPED REPORTING (https://covidtracking.com/about-data/faq#why-have-you-stopped-reporting-national-recoveries) Deaths 238,217 from 237,625 New Tests 1,479,298 from 1,475,115 New Cases 148,832 from 145,670 with positivity rate +10.0% (up 0.2%) Daily Deaths 581 Current Hospitalizations 73,014 from 69,987 Capital Raises: IPOs Priced: None of note. Secondaries Priced: VRTV PLUG STAG TREE  of note. Notes Priced of note: GH of note. Common Stock filings:  KOD PLUG PLYA STAG ORA CAE VRTV BEKE PDD TREE  of note. Selling Shareholders of note: BLI ORGS of note. Mixed Shelf Offerings: ORA EMR PDD SQNS of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings Out After The Close on Yesterday: Beat: BIDU +7.27, IQ +1.00,…

CAPIS Morning Note – 11/16/20: Groundhog Day, Another Week Another Vaccine

Morning Note

Morning Note

posted by CAPIS on 11/16/2020 at 7:46 am
by CAPIS on 11/16/2020

Breaking News: Last Monday stocks roared on news that Pfizer (PFE) had a vaccine with a 90% effectiveness rate. This week Moderna (MRNA) is out with a vaccine with 94.5% effectiveness. Stocks are higher this morning, but the NASDAQ is falling again. 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, though President Trump did for five minutes over the weekend before he took it back. Last Friday’s early strength saved the rest of  last week resulting in a positive gain. Covid-19 Statistics: Total Cases 10,897,771 from 10,752,101 Recovered 4,185,463 from 4,148,444 Deaths 237,625 from 236,953 Tests 1,475,115 from 1,656,391 New Cases 145,670 from 163,473 with positivity rate +9.8% (up 0.2%) Daily Deaths 672 Current Hospitalizations 69,987 from 69,455 Capital Raises: IPOs Priced: None of note. Secondaries Priced: None of note. Notes Priced of note:  None of note. Common Stock filings:  CSTM REZI  of note. Selling Shareholders of note: None of note. Mixed Shelf Offerings:  IMUX REZI of note. Convertible Offering Files: GH of note. Senior Notes Filed: None of note. Earnings Out After The…

Breaking News: Last Monday stocks roared on news that Pfizer (PFE) had a vaccine with a 90% effectiveness rate. This week Moderna (MRNA) is out with a vaccine with 94.5% effectiveness. Stocks are higher this morning, but the NASDAQ is falling again. 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, though President Trump did for five minutes over the weekend before he took it back. Last Friday’s early strength saved the rest of  last week resulting in a positive gain. Covid-19 Statistics: Total Cases 10,897,771 from 10,752,101 Recovered 4,185,463 from 4,148,444 Deaths 237,625 from 236,953 Tests 1,475,115 from 1,656,391 New Cases 145,670 from 163,473 with positivity rate +9.8% (up 0.2%) Daily Deaths 672 Current Hospitalizations 69,987 from 69,455 Capital Raises: IPOs Priced: None of note. Secondaries Priced: None of note. Notes Priced of note:  None of note. Common Stock filings:  CSTM REZI  of note. Selling Shareholders of note: None of note. Mixed Shelf Offerings:  IMUX REZI of note. Convertible Offering Files: GH of note. Senior Notes Filed: None of note. Earnings Out After The…

CAPIS Morning Note -11/13/20: Stocks Rebounding After Yesterday’s Selloff

Morning Note

Morning Note

posted by CAPIS on 11/13/2020 at 7:36 am
by CAPIS on 11/13/2020

Breaking News: Dr. Celine Gounder who is on President-Elect Joe Biden’s Coronavirus Task Force says they do not support national lockdown, just regional targeted restrictions and notes that schools are “very low risk” locations. (CNBC) 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. Since Monday’s close, the S&P 500 is lower by -0.38%. So much for the lack of follow through. Will today’s early strength save the rest of the week? Covid-19 Statistics: Total Cases 10,417,836 from 10,267,081 Recovered 4,051,256 from 3,997,175 Deaths 234,328 from 233,080 Tests 1,490,426 from 1,381,858 New Cases 150,526 from 144,270 with positivity rate +9.6% (up 0.3%) Daily Deaths 1,248 Current Hospitalizations 67,096 from 65,368 Capital Raises: IPOs Priced: None of note. Secondaries Priced:  BSY  FPRX KROS VRT ORGO BIGC ORIC of note. Notes Priced of note:  None of note. Common Stock filings: SAVA RIDE of note. Selling Shareholders of note: VRT RIDE of note. Mixed Shelf Offerings: TTD APRE OVID of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings Out After…

Breaking News: Dr. Celine Gounder who is on President-Elect Joe Biden’s Coronavirus Task Force says they do not support national lockdown, just regional targeted restrictions and notes that schools are “very low risk” locations. (CNBC) 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. Since Monday’s close, the S&P 500 is lower by -0.38%. So much for the lack of follow through. Will today’s early strength save the rest of the week? Covid-19 Statistics: Total Cases 10,417,836 from 10,267,081 Recovered 4,051,256 from 3,997,175 Deaths 234,328 from 233,080 Tests 1,490,426 from 1,381,858 New Cases 150,526 from 144,270 with positivity rate +9.6% (up 0.3%) Daily Deaths 1,248 Current Hospitalizations 67,096 from 65,368 Capital Raises: IPOs Priced: None of note. Secondaries Priced:  BSY  FPRX KROS VRT ORGO BIGC ORIC of note. Notes Priced of note:  None of note. Common Stock filings: SAVA RIDE of note. Selling Shareholders of note: VRT RIDE of note. Mixed Shelf Offerings: TTD APRE OVID of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings Out After…

CAPIS Morning Note – 11/12/20: NASDAQ Reasserts Itself The Past Two Days & Powell To Speak

Morning Note

Morning Note

posted by CAPIS on 11/12/2020 at 7:43 am
by CAPIS on 11/12/2020

Breaking News: U.S. Military Helicopter Crashes in Egypt. 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 as the President refuses to “bend the knee”. Stocks, ex the NASDAQ Composite, ripped on Monday before dropping sharply into the close. On Tuesday we saw a mixed day.  Yesterday saw the NASDAQ Composite recover while the Russell 2000 was lower. Covid-19 Statistics: Total Cases 10,267,081 from 10,122,811 Recovered 3,997,175 from 3,961,873 Deaths 233,080 from 231,659 Tests 1,381,858 from 1,237,365 New Cases 144,270 from 130,989 with positivity rate +9.3% (up 0.3%) Daily Deaths 1,422 from 1,347 Current Hospitalizations 65,368 from 61,964 Capital Raises: IPOs Priced: None of note. Secondaries Priced:  None of note. Notes Priced of note: ESPR of note. Common Stock filings: FRC of note. Selling Shareholders of note: None of note. Mixed Shelf Offerings: None of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings Out After The Close on Yesterday: Beat: IGT +0.49, SPTN +0.33, CCMP +0.21, HI +0.20, RVLV +0.13, TTEK +0.10, VRM +0.08, REYN +0.05, GTBIF +0.04, MFC +0.03, ATO +0.02, ENS +0.01  of note. Misses: None of note. News After…

Breaking News: U.S. Military Helicopter Crashes in Egypt. 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 as the President refuses to “bend the knee”. Stocks, ex the NASDAQ Composite, ripped on Monday before dropping sharply into the close. On Tuesday we saw a mixed day.  Yesterday saw the NASDAQ Composite recover while the Russell 2000 was lower. Covid-19 Statistics: Total Cases 10,267,081 from 10,122,811 Recovered 3,997,175 from 3,961,873 Deaths 233,080 from 231,659 Tests 1,381,858 from 1,237,365 New Cases 144,270 from 130,989 with positivity rate +9.3% (up 0.3%) Daily Deaths 1,422 from 1,347 Current Hospitalizations 65,368 from 61,964 Capital Raises: IPOs Priced: None of note. Secondaries Priced:  None of note. Notes Priced of note: ESPR of note. Common Stock filings: FRC of note. Selling Shareholders of note: None of note. Mixed Shelf Offerings: None of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings Out After The Close on Yesterday: Beat: IGT +0.49, SPTN +0.33, CCMP +0.21, HI +0.20, RVLV +0.13, TTEK +0.10, VRM +0.08, REYN +0.05, GTBIF +0.04, MFC +0.03, ATO +0.02, ENS +0.01  of note. Misses: None of note. News After…

CAPIS Morning Note – 11/11/20: Thank A Veteran Today

Morning Note

Morning Note

posted by CAPIS on 11/11/2020 at 7:37 am
by CAPIS on 11/11/2020

Of Note: Today is Veteran’s Day. Make sure to thank those that serve and keep us safe and out of harm’s way. Breaking News: China silences Hong Kong legislatures and they resigned in mass. (NYT) Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows. Expect volatility to continue post election as the President refuses to “bend the knee”. Stocks, ex the NASDAQ Composite, ripped on Monday before dropping into the close. Yesterday was a mixed day.   Covid-19 Statistics: Total Cases 10,122,811 from  9,991,822 Recovered 3,961,873 from 3,928,845 Deaths 231,659 from 230,312 Tests 1,237,365 from 1,482,184 New Cases 130,989 from 118,708  with positivity rate +9% (up 0.4%) Daily Deaths 1,347 Current Hospitalizations 61,964 from 59,275 Capital Raises: IPOs Priced:  Secondaries Priced:  None of note. Notes Priced of note: None of note. Common Stock filings: PACB ABR ORIC BIGC ACB KROS BSY CMBM EPD ORGO   of note. Selling Shareholders of note: PACB BSY CMBM of note. Mixed Shelf Offerings:  CSWI VIEW VIR  PHAT XGN  of note. Convertible Offering Files: ESPR CABA of note. Senior Notes Filed: None of note. Earnings Out After The Close on Yesterday: Beat: FICO +0.93, ASH +0.50, SANM +0.32,…

Of Note: Today is Veteran’s Day. Make sure to thank those that serve and keep us safe and out of harm’s way. Breaking News: China silences Hong Kong legislatures and they resigned in mass. (NYT) Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows. Expect volatility to continue post election as the President refuses to “bend the knee”. Stocks, ex the NASDAQ Composite, ripped on Monday before dropping into the close. Yesterday was a mixed day.   Covid-19 Statistics: Total Cases 10,122,811 from  9,991,822 Recovered 3,961,873 from 3,928,845 Deaths 231,659 from 230,312 Tests 1,237,365 from 1,482,184 New Cases 130,989 from 118,708  with positivity rate +9% (up 0.4%) Daily Deaths 1,347 Current Hospitalizations 61,964 from 59,275 Capital Raises: IPOs Priced:  Secondaries Priced:  None of note. Notes Priced of note: None of note. Common Stock filings: PACB ABR ORIC BIGC ACB KROS BSY CMBM EPD ORGO   of note. Selling Shareholders of note: PACB BSY CMBM of note. Mixed Shelf Offerings:  CSWI VIEW VIR  PHAT XGN  of note. Convertible Offering Files: ESPR CABA of note. Senior Notes Filed: None of note. Earnings Out After The Close on Yesterday: Beat: FICO +0.93, ASH +0.50, SANM +0.32,…

CAPIS Morning Note: 11/10/20: NASDAQ Paradox

Morning Note

Morning Note

posted by CAPIS on 11/09/2020 at 6:04 pm
by CAPIS on 11/09/2020

Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows. Expect volatility to continue post election as the President refuses to “bend the knee”. Stocks, ex the NASDAQ Composite, ripped on Monday before dropping into the close. This morning sees NASDAQ stocks falling while Small Cap Index, the Russell 2000 are higher, we call this the NASDAQ Paradox. Covid-19 Statistics: Total Cases  9,991,822 from 9,871,751 Recovered 3,928,845 from 3,881,491 Deaths 230,312 from 229,724 Tests 1,482,184 from 1,246,130 New Cases 118,708 from 110,270 with positivity rate +8.6% (up 0.4%) Daily Deaths 2,769 Current Hospitalizations 59,275 from 56,768 Capital Raises: IPOs Priced:  Secondaries Priced:  None of note. Notes Priced of note:  SQ of note. Common Stock filings: FSR FBIO AAL VITL of note. Selling Shareholders of note: FSR ACTG of note. Mixed Shelf Offerings: AVEO ACTG BNTX of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings Out After The Close on Friday: Beat: AL +0.23, TLND +0.21, ELY +0.21, TLRY +0.18, ARNA +0.17, SWAV +0.17, MBI +0.14, RAMP +0.10, HAIN +0.08, STAY +0.08, INO +0.08, SCSC +0.08, TCO +0.08, IPAR +0.06, DHT +0.04, DIOD +0.03, WES +0.03, OR +0.03, SPT +0.03,…

Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows. Expect volatility to continue post election as the President refuses to “bend the knee”. Stocks, ex the NASDAQ Composite, ripped on Monday before dropping into the close. This morning sees NASDAQ stocks falling while Small Cap Index, the Russell 2000 are higher, we call this the NASDAQ Paradox. Covid-19 Statistics: Total Cases  9,991,822 from 9,871,751 Recovered 3,928,845 from 3,881,491 Deaths 230,312 from 229,724 Tests 1,482,184 from 1,246,130 New Cases 118,708 from 110,270 with positivity rate +8.6% (up 0.4%) Daily Deaths 2,769 Current Hospitalizations 59,275 from 56,768 Capital Raises: IPOs Priced:  Secondaries Priced:  None of note. Notes Priced of note:  SQ of note. Common Stock filings: FSR FBIO AAL VITL of note. Selling Shareholders of note: FSR ACTG of note. Mixed Shelf Offerings: AVEO ACTG BNTX of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings Out After The Close on Friday: Beat: AL +0.23, TLND +0.21, ELY +0.21, TLRY +0.18, ARNA +0.17, SWAV +0.17, MBI +0.14, RAMP +0.10, HAIN +0.08, STAY +0.08, INO +0.08, SCSC +0.08, TCO +0.08, IPAR +0.06, DHT +0.04, DIOD +0.03, WES +0.03, OR +0.03, SPT +0.03,…

CAPIS Morning Note- 11/9/20: Pfizer (PFE) Vaccine Works! Dow Up +1630!!

Morning Note

Morning Note

posted by CAPIS on 11/09/2020 at 7:50 am
by CAPIS on 11/09/2020

Breaking News: Pfizer (PFE) Covid-19 vaccine is up to 90% effective. Novavax (NVAX) seeks Emergency Use Authorization for its vaccine as proven effective. Election results continued to roll in and  the House stays with the Democrats and the Republicans do not have complete control the Senate until the Georgia runoffs occur in January, On Saturday Democratic Candidate Former Vice President Joe Biden was names the President Elect by Associated Press (AP) and then several other media outlets including Fox. The Trump campaign continues to mount legal challenges in multiple states and has not given a concession speech. Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows. Expect volatility to continue post election. Stocks have put together a strong four day rally that rested on Friday. This morning sees strength due to the Pfizer news in all sectors except the NASDAQ Composite. Covid-19 Statistics: Total Cases 9,871,751 from 9,541,148 Recovered 3,881,491 from 3,781,751 Deaths 229,724 from 226,955 Tests 1,246,130 from 1,537,316 New Cases 110,270 from 116,255  with positivity rate +8.2% (up 0.9%) Daily Deaths 2,769 from 1,124 Current Hospitalizations 56,768 from 53,322 Capital Raises: IPOs Priced:  Secondaries Priced:  None of…

Breaking News: Pfizer (PFE) Covid-19 vaccine is up to 90% effective. Novavax (NVAX) seeks Emergency Use Authorization for its vaccine as proven effective. Election results continued to roll in and  the House stays with the Democrats and the Republicans do not have complete control the Senate until the Georgia runoffs occur in January, On Saturday Democratic Candidate Former Vice President Joe Biden was names the President Elect by Associated Press (AP) and then several other media outlets including Fox. The Trump campaign continues to mount legal challenges in multiple states and has not given a concession speech. Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows. Expect volatility to continue post election. Stocks have put together a strong four day rally that rested on Friday. This morning sees strength due to the Pfizer news in all sectors except the NASDAQ Composite. Covid-19 Statistics: Total Cases 9,871,751 from 9,541,148 Recovered 3,881,491 from 3,781,751 Deaths 229,724 from 226,955 Tests 1,246,130 from 1,537,316 New Cases 110,270 from 116,255  with positivity rate +8.2% (up 0.9%) Daily Deaths 2,769 from 1,124 Current Hospitalizations 56,768 from 53,322 Capital Raises: IPOs Priced:  Secondaries Priced:  None of…

CAPIS Morning Note- 11/6/20: Jobs Beat Estimate As Added 638,000 vs 530,000 Estimate

Morning Note

Morning Note

posted by CAPIS on 11/06/2020 at 7:35 am
by CAPIS on 11/06/2020

Election results continue to roll in and it looks like the House stays with the Democrats and the Republicans control the Senate while the presidency is likely to go to Democratic Candidate Former Vice President Joe Biden. It appears that we will head into the weekend without a confirmed president and the Trump campaign mounts legal challenges in multiple states. Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows. Expect volatility to continue post election. Stocks have put together a strong four day rally. That up action was lower but is on the rebound after a strong jobs report. Impressive. Covid-19 Statistics: Total Cases 9,541,148 from 9,424,893 Recovered 3,781,751 from 3,743,527 Deaths 226,955 from 225,831 Tests 1,537,316 from 1,207,119 New Cases 116,255 from 103,087 with positivity rate +7.3% Daily Deaths 1,124 from 1,566 Current Hospitalizations 53,322 from 52,049 Capital Raises: IPOs Priced:  Secondaries Priced: FBC AVTR of note. Notes Priced of note:  None of note. Common Stock filings:   None of note. Selling Shareholders of note:  RUN TWLO TTCF FBC of note. Mixed Shelf Offerings: OYST JLL ANTM  of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings Out…

Election results continue to roll in and it looks like the House stays with the Democrats and the Republicans control the Senate while the presidency is likely to go to Democratic Candidate Former Vice President Joe Biden. It appears that we will head into the weekend without a confirmed president and the Trump campaign mounts legal challenges in multiple states. Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows. Expect volatility to continue post election. Stocks have put together a strong four day rally. That up action was lower but is on the rebound after a strong jobs report. Impressive. Covid-19 Statistics: Total Cases 9,541,148 from 9,424,893 Recovered 3,781,751 from 3,743,527 Deaths 226,955 from 225,831 Tests 1,537,316 from 1,207,119 New Cases 116,255 from 103,087 with positivity rate +7.3% Daily Deaths 1,124 from 1,566 Current Hospitalizations 53,322 from 52,049 Capital Raises: IPOs Priced:  Secondaries Priced: FBC AVTR of note. Notes Priced of note:  None of note. Common Stock filings:   None of note. Selling Shareholders of note:  RUN TWLO TTCF FBC of note. Mixed Shelf Offerings: OYST JLL ANTM  of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings Out…

CAPIS Morning Note – 11/5/20: S&P 500 Rally Extends To A Fourth Day

Morning Note

Morning Note

posted by CAPIS on 11/05/2020 at 7:37 am
by CAPIS on 11/05/2020

Election results continue to roll in and it looks like the House stays with the Democrats and the Republicans control the Senate while the presidency is likely to go to Democratic Candidate Former Vice President Joe Biden. Markets get ready for a Federal Reserve  announcement at 2:00 p.m. EST and 2:30 p.m. EST press conference. Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows. Expect volatility to continue post election. Stocks have put together a strong three day rally. That up action continues this morning. Impressive. Covid-19 Statistics: Total Cases 9,424,893 from 9,321,806 Recovered 3,743,527 from 3,705,130 Deaths 225,831 from 224,265 Tests 1,207,119 from 1,126,224 New Cases 103,087 from 86,507  with positivity rate +7.1% Daily Deaths 1,566 from 1,079 Current Hospitalizations 52,049 from 50,340 Capital Raises: IPOs Priced:  Secondaries Priced:  ICE of note. Notes Priced of note:  None of note. Common Stock filings:  AVTR RAPT of note. Selling Shareholders of note: ICE of note. Mixed Shelf Offerings: RAPT MGNX  of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beat: UHAL +9.00, ALL +1.18, RGNX +1.13, HOLX +0.88, QRVO +0.81, EXPE +0.57, PRI…

Election results continue to roll in and it looks like the House stays with the Democrats and the Republicans control the Senate while the presidency is likely to go to Democratic Candidate Former Vice President Joe Biden. Markets get ready for a Federal Reserve  announcement at 2:00 p.m. EST and 2:30 p.m. EST press conference. Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows. Expect volatility to continue post election. Stocks have put together a strong three day rally. That up action continues this morning. Impressive. Covid-19 Statistics: Total Cases 9,424,893 from 9,321,806 Recovered 3,743,527 from 3,705,130 Deaths 225,831 from 224,265 Tests 1,207,119 from 1,126,224 New Cases 103,087 from 86,507  with positivity rate +7.1% Daily Deaths 1,566 from 1,079 Current Hospitalizations 52,049 from 50,340 Capital Raises: IPOs Priced:  Secondaries Priced:  ICE of note. Notes Priced of note:  None of note. Common Stock filings:  AVTR RAPT of note. Selling Shareholders of note: ICE of note. Mixed Shelf Offerings: RAPT MGNX  of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beat: UHAL +9.00, ALL +1.18, RGNX +1.13, HOLX +0.88, QRVO +0.81, EXPE +0.57, PRI…

CAPIS Morning Note – 11/4/20: Votes Continue To Be Counted

Morning Note

Morning Note

posted by CAPIS on 11/04/2020 at 7:52 am
by CAPIS on 11/04/2020

Election results continue to roll in and it looks like the House stays with the Democrats with the Senate too close to call along with the presidency. Markets get ready for a Federal Reserve meeting announcement tomorrow and presser. Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows. Expect volatility to continue into the election. Yesterday’s move higher made sense after last week’s drop. That up action continues this morning. Buy the rumor, sell the news? Covid-19 Statistics: Total Cases 9,321,806 from 9,235,299 Recovered 3,705,130 from 3,674,981 Deaths 224,265 from 223,186 Tests 1,126,224 from1,328,612 New Cases 86,507 from 82,895 with positivity rate +6.9% Daily Deaths 1,079 from 482 Current Hospitalizations 50,340 from 47,502 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:  PINC of note. Convertible Offering Files: of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beat: Y +4.98, PRU +0.54, SUPN +0.47, TX +0.43, IOSP +0.33, DAR +0.18, KAR +0.17, CC +0.14, ES +0.04, MRCY +0.04, HTA +0.02, HBM +0.02, BTG +0.01, CORT +0.01 of…

Election results continue to roll in and it looks like the House stays with the Democrats with the Senate too close to call along with the presidency. Markets get ready for a Federal Reserve meeting announcement tomorrow and presser. Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows. Expect volatility to continue into the election. Yesterday’s move higher made sense after last week’s drop. That up action continues this morning. Buy the rumor, sell the news? Covid-19 Statistics: Total Cases 9,321,806 from 9,235,299 Recovered 3,705,130 from 3,674,981 Deaths 224,265 from 223,186 Tests 1,126,224 from1,328,612 New Cases 86,507 from 82,895 with positivity rate +6.9% Daily Deaths 1,079 from 482 Current Hospitalizations 50,340 from 47,502 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:  PINC of note. Convertible Offering Files: of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beat: Y +4.98, PRU +0.54, SUPN +0.47, TX +0.43, IOSP +0.33, DAR +0.18, KAR +0.17, CC +0.14, ES +0.04, MRCY +0.04, HTA +0.02, HBM +0.02, BTG +0.01, CORT +0.01 of…

CAPIS Morning Note – 11/3/20: Stocks Higher For A Second Day

Morning Note

Morning Note

posted by CAPIS on 11/03/2020 at 7:14 am
by CAPIS on 11/03/2020

Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows. Expect volatility to continue into the election. Yesterday’s move higher made sense after last week’s drop. That up action continues this morning. Buy the rumor, sell the news? Fun Fact: President Trump spent 84.8% of his presidency at The White House. Visited 26 countries and 47 states. Has now served 1,3854 days of his 1,461 day term. Covid-19 Statistics: Total Cases 9,235,299 from 9,151,390 Recovered 3,674,981 from 3,630,579 Deaths 223,186 from 222,704 Tests 1,328,612 from 1,068,044 New Cases 82,895 from 73,701 with positivity rate +6.8% Daily Deaths 482 from 2,281 Current Hospitalizations 47,502 Capital Raises: IPOs Priced:  Secondaries Priced: EDU of note. Notes Priced of note:  None of note. Common Stock filings:  None of note. Selling Shareholders of note:  BAND EVR  of note. Mixed Shelf Offerings:  None of note. Convertible Offering Files: NVCR of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beat: VNO +0.52, ESPR +0.50, AIZ +0.42, MED +0.42, DOOR +0.38, CRUS +0.37, SEDG +0.36, KMPR +0.33, SWKS +0.33, HURN +0.32, SBAC +0.32, CNO +0.31, FANG +0.26, JCOM +0.26, INSP +0.24, JAZZ +0.23, OTTR +0.21, STE +0.21, ANET…

Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows. Expect volatility to continue into the election. Yesterday’s move higher made sense after last week’s drop. That up action continues this morning. Buy the rumor, sell the news? Fun Fact: President Trump spent 84.8% of his presidency at The White House. Visited 26 countries and 47 states. Has now served 1,3854 days of his 1,461 day term. Covid-19 Statistics: Total Cases 9,235,299 from 9,151,390 Recovered 3,674,981 from 3,630,579 Deaths 223,186 from 222,704 Tests 1,328,612 from 1,068,044 New Cases 82,895 from 73,701 with positivity rate +6.8% Daily Deaths 482 from 2,281 Current Hospitalizations 47,502 Capital Raises: IPOs Priced:  Secondaries Priced: EDU of note. Notes Priced of note:  None of note. Common Stock filings:  None of note. Selling Shareholders of note:  BAND EVR  of note. Mixed Shelf Offerings:  None of note. Convertible Offering Files: NVCR of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beat: VNO +0.52, ESPR +0.50, AIZ +0.42, MED +0.42, DOOR +0.38, CRUS +0.37, SEDG +0.36, KMPR +0.33, SWKS +0.33, HURN +0.32, SBAC +0.32, CNO +0.31, FANG +0.26, JCOM +0.26, INSP +0.24, JAZZ +0.23, OTTR +0.21, STE +0.21, ANET…

CAPIS Morning Note -11/2/20 The Final Countdown

Morning Note

Morning Note

posted by CAPIS on 11/02/2020 at 7:43 am
by CAPIS on 11/02/2020

Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows. Expect volatility to continue into the election. Today’s move higher makes sense after last week’s drop. Will it hold? Covid-19 Statistics: Total Cases 9,151,390 from 8,890,551 Recovered 3,630,579 from 3,554,336 Deaths 222,704 from 220,423 Tests 1,068,044 from 1,314,850 New Cases 73,701 from 88,452 with positivity rate +6.6% Daily Deaths 2,281 from 1,049 Current Hospitalizations 47,502 from 46,095 Capital Raises: IPOs Priced:  Secondaries Priced: None of note. Notes Priced of note:  None of note. Common Stock filings: FENC of note. Selling Shareholders of note: SGC BIOX FUBO of note. Mixed Shelf Offerings:  ACNB SGC EQIX GEO of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beat: None of note. Misses: BCC +1.19 of note. News After The Close: Britain shut down until early December. Barron’s + ZNGA PH LFUS TEL on and mixed to negative on AMD. Dividend Increase: EVA Dividend Cut: Reinstates Or Initiates Buybacks:  Stock Split: Guides Higher:     Guides 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 +39.04    Dow Jones Industrial…

Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows. Expect volatility to continue into the election. Today’s move higher makes sense after last week’s drop. Will it hold? Covid-19 Statistics: Total Cases 9,151,390 from 8,890,551 Recovered 3,630,579 from 3,554,336 Deaths 222,704 from 220,423 Tests 1,068,044 from 1,314,850 New Cases 73,701 from 88,452 with positivity rate +6.6% Daily Deaths 2,281 from 1,049 Current Hospitalizations 47,502 from 46,095 Capital Raises: IPOs Priced:  Secondaries Priced: None of note. Notes Priced of note:  None of note. Common Stock filings: FENC of note. Selling Shareholders of note: SGC BIOX FUBO of note. Mixed Shelf Offerings:  ACNB SGC EQIX GEO of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beat: None of note. Misses: BCC +1.19 of note. News After The Close: Britain shut down until early December. Barron’s + ZNGA PH LFUS TEL on and mixed to negative on AMD. Dividend Increase: EVA Dividend Cut: Reinstates Or Initiates Buybacks:  Stock Split: Guides Higher:     Guides 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 +39.04    Dow Jones Industrial…

CAPIS Morning Note – 10/30/20: A Wild Overnight Session

Morning Note

Morning Note

posted by CAPIS on 10/30/2020 at 7:34 am
by CAPIS on 10/30/2020

Remember to turn back your clocks this weekend as we leave daylight savings time and enter standard time. Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows. Expect volatility to continue into the election. Volatility ruled the overnight session as the S&P 500 traded from 3300 at the close down to 3280 back to 3290 and now are at 3277. Covid-19 Statistics: Total Cases 8.890,551 from 8,802,099 Recovered 3,554,336 from 3,518,140 Deaths 220,423 from 219,374 Tests 1,314,850 from 1,055,866 New Cases 88,452 from 78,661  with positivity rate +6.4% Daily Deaths 1,049 from 1,025 Current Hospitalizations 46,095 from 45,042 Capital Raises: IPOs Priced: Atea Pharmaceuticals (AVIR) priced at $24 which is the upper end of the range $22 to $24. Lufax (LU) priced at $13.5 in range of $11.50 to $13.50.   Secondaries Priced:  GLPI of note. Notes Priced of note:  ARCH of note. Common Stock filings: None  of note. Selling Shareholders of note: None of note. Mixed Shelf Offerings: ENV of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beat: GOOGL +5.20, AMZN +5.01, CACC +2.49, SGEN +2.05, BIO +1.18, MHK +1.12, QDEL +1.08, UHS +1.01, DECK +0.90, CHE +0.89,…

Remember to turn back your clocks this weekend as we leave daylight savings time and enter standard time. Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows. Expect volatility to continue into the election. Volatility ruled the overnight session as the S&P 500 traded from 3300 at the close down to 3280 back to 3290 and now are at 3277. Covid-19 Statistics: Total Cases 8.890,551 from 8,802,099 Recovered 3,554,336 from 3,518,140 Deaths 220,423 from 219,374 Tests 1,314,850 from 1,055,866 New Cases 88,452 from 78,661  with positivity rate +6.4% Daily Deaths 1,049 from 1,025 Current Hospitalizations 46,095 from 45,042 Capital Raises: IPOs Priced: Atea Pharmaceuticals (AVIR) priced at $24 which is the upper end of the range $22 to $24. Lufax (LU) priced at $13.5 in range of $11.50 to $13.50.   Secondaries Priced:  GLPI of note. Notes Priced of note:  ARCH of note. Common Stock filings: None  of note. Selling Shareholders of note: None of note. Mixed Shelf Offerings: ENV of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings Out After The Close: Beat: GOOGL +5.20, AMZN +5.01, CACC +2.49, SGEN +2.05, BIO +1.18, MHK +1.12, QDEL +1.08, UHS +1.01, DECK +0.90, CHE +0.89,…

CAPIS Morning Note – 10/29/30: Futures Higher, Lower and All Over The Place

Morning Note

Morning Note

posted by CAPIS on 10/29/2020 at 7:32 am
by CAPIS on 10/29/2020

Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows. Expect volatility to continue into the election. Covid-19 Statistics: Total Cases 8,802,099 from 8,723,438 Recovered 3,518,140 from 3,487,666 Deaths 219,374 from 218,349 Tests 1,055,866 from 1,052,874 New Cases 78,661 from 73,096 with positivity rate +6.3% Daily Deaths 1,025 from 931 Current Hospitalizations 45,042 from 44,212 Capital Raises: IPOs Priced: Leslie’s (LESL) priced at $17 which is the upper end of the range $14 to $16. Galecto (GLTO) priced at $15 in range of $114 to $16.   Secondaries Priced:  RARE ALLK SPRK of note. Notes Priced of note:  None of note. Common Stock filings:  WKHS of note. Selling Shareholders of note:  BMRG None of note. Mixed Shelf Offerings: None  of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: AMP +3.04, EQIX +2.08, MOH +1.18, URI +1.06, AMED +0.97, SU +0.90, ALGT +0.90, AFG +0.74, CNMD +0.65, AMGN +0.63, ORLY +0.63, CACI +0.62, PKI +0.60, RBC +0.52, F +0.47, CHDN +0.44, RGR +0.41, SCI +0.37, SAVE +0.35, SRI +0.33, CW +0.31, DORM +0.31, PPC +0.27, GILD +0.27, LVGO +0.25, AVT +0.24, GRUB +0.24, KLAC +0.24, TXRH +0.23, MMSI +0.22, PTC +0.21, GMED +0.18, NOW…

Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows. Expect volatility to continue into the election. Covid-19 Statistics: Total Cases 8,802,099 from 8,723,438 Recovered 3,518,140 from 3,487,666 Deaths 219,374 from 218,349 Tests 1,055,866 from 1,052,874 New Cases 78,661 from 73,096 with positivity rate +6.3% Daily Deaths 1,025 from 931 Current Hospitalizations 45,042 from 44,212 Capital Raises: IPOs Priced: Leslie’s (LESL) priced at $17 which is the upper end of the range $14 to $16. Galecto (GLTO) priced at $15 in range of $114 to $16.   Secondaries Priced:  RARE ALLK SPRK of note. Notes Priced of note:  None of note. Common Stock filings:  WKHS of note. Selling Shareholders of note:  BMRG None of note. Mixed Shelf Offerings: None  of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: AMP +3.04, EQIX +2.08, MOH +1.18, URI +1.06, AMED +0.97, SU +0.90, ALGT +0.90, AFG +0.74, CNMD +0.65, AMGN +0.63, ORLY +0.63, CACI +0.62, PKI +0.60, RBC +0.52, F +0.47, CHDN +0.44, RGR +0.41, SCI +0.37, SAVE +0.35, SRI +0.33, CW +0.31, DORM +0.31, PPC +0.27, GILD +0.27, LVGO +0.25, AVT +0.24, GRUB +0.24, KLAC +0.24, TXRH +0.23, MMSI +0.22, PTC +0.21, GMED +0.18, NOW…

CAPIS Morning Note – 10/28/20: An Ugly Start To Day As Dow Off -615

Morning Note

Morning Note

posted by CAPIS on 10/28/2020 at 7:38 am
by CAPIS on 10/28/2020

Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows. Expect volatility to continue into the election. Covid-19 Statistics: Total Cases 8,723,438 from 8,660,366 Recovered 3,487,666 from 3,460,455 Deaths 218,349 from 217,418 Tests 1,052,874 from 1,153,040 New Cases 73,096 from 62,315 with positivity rate +6.1% Daily Deaths 931 from 890 Current Hospitalizations 44,212 from 42,917 Capital Raises: IPOs Priced: GATO Silver (GATO) priced at $7 which is the lower end of the range $7 to $9. Media Alpha (MAX) priced at $19 above expectations of $18. Root (ROOT) priced at $27 above range of $22 to $25. Biodesix (BDSX) priced at $18 with range of $17 to $19. Secondaries Priced: MRTX EQT of note. Notes Priced of note:  None of note. Common Stock filings: ALLK  EQT SPRK of note. Selling Shareholders of note:  None of note. Mixed Shelf Offerings: None  of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: ENVA +2.17, FSLR +0.80, DXCM +0.60, EEFT +0.59, UMBF +0.57, RRR +0.52, MSFT +0.46, KAI +0.34, TRMK +0.34, CYH +0.29, TEX +0.28, WIRE +0.27, SF +0.26, AFL +0.25, THG +0.24, SYX +0.23, CXO +0.20, CSGP +0.19, IEX +0.19, MASI…

Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows. Expect volatility to continue into the election. Covid-19 Statistics: Total Cases 8,723,438 from 8,660,366 Recovered 3,487,666 from 3,460,455 Deaths 218,349 from 217,418 Tests 1,052,874 from 1,153,040 New Cases 73,096 from 62,315 with positivity rate +6.1% Daily Deaths 931 from 890 Current Hospitalizations 44,212 from 42,917 Capital Raises: IPOs Priced: GATO Silver (GATO) priced at $7 which is the lower end of the range $7 to $9. Media Alpha (MAX) priced at $19 above expectations of $18. Root (ROOT) priced at $27 above range of $22 to $25. Biodesix (BDSX) priced at $18 with range of $17 to $19. Secondaries Priced: MRTX EQT of note. Notes Priced of note:  None of note. Common Stock filings: ALLK  EQT SPRK of note. Selling Shareholders of note:  None of note. Mixed Shelf Offerings: None  of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: ENVA +2.17, FSLR +0.80, DXCM +0.60, EEFT +0.59, UMBF +0.57, RRR +0.52, MSFT +0.46, KAI +0.34, TRMK +0.34, CYH +0.29, TEX +0.28, WIRE +0.27, SF +0.26, AFL +0.25, THG +0.24, SYX +0.23, CXO +0.20, CSGP +0.19, IEX +0.19, MASI…

CAPIS Morning Note – 10/27/20: Stocks Up Modestly, After Monday’s Rout

Morning Note

Morning Note

posted by CAPIS on 10/27/2020 at 7:41 am
by CAPIS on 10/27/2020

Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows. Expect volatility to continue into the election. Covid-19 Statistics: Total Cases 8,660,366 Recovered 3,460,455 Deaths 217,418 Tests 1,153,040 New Cases 62,315 with positivity rate +6% Daily Deaths 890 Current Hospitalizations 42,917 Capital Raises: IPOs Priced: None of note. Secondaries Priced:  TPTX  of note. Notes Priced of note:  None of note. Common Stock filings:  MRTX of note. Selling Shareholders of note:  ALTG MRTX  of note. Mixed Shelf Offerings: None  of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: OMF +0.93, SSD +0.55, LRN +0.54, MC +0.51, UIS +0.44, TNET +0.40, FIX +0.34, IBTX +0.33, HTLF +0.31, CR +0.25, AGNC +0.24, VRNS +0.19, PKG +0.16, ACC +0.16, TBI +0.16, BYD +0.15, AMKR +0.11, CATY +0.11, BRO +0.09, HLIT +0.08, TWLO +0.08, CHGG +0.07, FFIV +0.06, HSTM +0.04, PCH +0.03, QTS +0.01  of note. Flat: ARE 0.00, CINF 0.00, TCF 0.00 Misses: NXPI (1.68), PFG (0.55), AJRD (0.08), MEDP (0.07), NOV (0.04)  of note. News After The Close: SkyWest (SKYW) COO Mike Thompson will retire immediately.’ TCF Financial (TCF) CEO Craig R. Dahl to retire. Board elects Vice Chairman…

Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows. Expect volatility to continue into the election. Covid-19 Statistics: Total Cases 8,660,366 Recovered 3,460,455 Deaths 217,418 Tests 1,153,040 New Cases 62,315 with positivity rate +6% Daily Deaths 890 Current Hospitalizations 42,917 Capital Raises: IPOs Priced: None of note. Secondaries Priced:  TPTX  of note. Notes Priced of note:  None of note. Common Stock filings:  MRTX of note. Selling Shareholders of note:  ALTG MRTX  of note. Mixed Shelf Offerings: None  of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: OMF +0.93, SSD +0.55, LRN +0.54, MC +0.51, UIS +0.44, TNET +0.40, FIX +0.34, IBTX +0.33, HTLF +0.31, CR +0.25, AGNC +0.24, VRNS +0.19, PKG +0.16, ACC +0.16, TBI +0.16, BYD +0.15, AMKR +0.11, CATY +0.11, BRO +0.09, HLIT +0.08, TWLO +0.08, CHGG +0.07, FFIV +0.06, HSTM +0.04, PCH +0.03, QTS +0.01  of note. Flat: ARE 0.00, CINF 0.00, TCF 0.00 Misses: NXPI (1.68), PFG (0.55), AJRD (0.08), MEDP (0.07), NOV (0.04)  of note. News After The Close: SkyWest (SKYW) COO Mike Thompson will retire immediately.’ TCF Financial (TCF) CEO Craig R. Dahl to retire. Board elects Vice Chairman…

CAPIS Morning Note – 10/26/20: 8 Days To The Election, Volatility Up This Morning

Morning Note

Morning Note

posted by CAPIS on 10/26/2020 at 7:38 am
by CAPIS on 10/26/2020

Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows. Expect volatility to continue into the election. Capital Raises IPOs Priced: None of note. Secondaries Priced:  None of note. Notes Priced of note:  None of note. Common Stock filings: EDU EBON HYLN of note. Selling Shareholders of note: EDU HYLN ACIU of note. Mixed Shelf Offerings:  NWPX CODX AYI MBIO of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: None  of note. Flat:  Misses: None of note. News After The Close: FAA says that the software fix by Boeing (BA) did not go far enough. AstraZeneca (AZN) restarts its Covid-19 vaccine which is in Phase III Trial. DiamondPeak Holdings completes combination with Lordstown Motors which will start to trade under ticker RIDE today. Judge rejects the Department of Justice attempt to bar Apple (AAPL) and Google (GOOGL) from offering WeChat. Johnson & Johnson (JNJ) restarts its Covid-19 vaccine which is in Phase III Trial. CVS Health (CVS) and Walgreens (WBA) will offer Covid-19 vaccine for seniors. Facebook (FB) demands NYU stop collecting data about Facebook’s political ad targeting practices. Ratings agency affirms Greece,…

Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows. Expect volatility to continue into the election. Capital Raises IPOs Priced: None of note. Secondaries Priced:  None of note. Notes Priced of note:  None of note. Common Stock filings: EDU EBON HYLN of note. Selling Shareholders of note: EDU HYLN ACIU of note. Mixed Shelf Offerings:  NWPX CODX AYI MBIO of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Earnings After The Close: Beats: None  of note. Flat:  Misses: None of note. News After The Close: FAA says that the software fix by Boeing (BA) did not go far enough. AstraZeneca (AZN) restarts its Covid-19 vaccine which is in Phase III Trial. DiamondPeak Holdings completes combination with Lordstown Motors which will start to trade under ticker RIDE today. Judge rejects the Department of Justice attempt to bar Apple (AAPL) and Google (GOOGL) from offering WeChat. Johnson & Johnson (JNJ) restarts its Covid-19 vaccine which is in Phase III Trial. CVS Health (CVS) and Walgreens (WBA) will offer Covid-19 vaccine for seniors. Facebook (FB) demands NYU stop collecting data about Facebook’s political ad targeting practices. Ratings agency affirms Greece,…

CAPIS Morning Note 10/23/20: Let’s Get Ready To Rumble Post Debates As Election Looms Large

Morning Note

Morning Note

posted by CAPIS on 10/23/2020 at 7:51 am
by CAPIS on 10/23/2020

This is an abbreviated note due to an internet outage. We will return to normal output on Monday. Have a great weekend. Market Tone: Yes we are done with the presidential debates and now it is 11 days to the election. Stimulus is fading by the minute until after the election. Expect volatile action through the week of November 6th. Earnings After The Close: Beats: SIVB +3.23, COF +2.97, SAM +1.79, HTH +1.17, ABCB +0.80, MAT +0.57, BJRI +0.45, WAL +0.32, EHTH +0.26, OZK +0.25, BOOM +0.18, VRSN +0.14, MANH +0.12, NXGN +0.10, RHI +0.08, EIG +0.07, PBCT +0.05, FFIN +0.05, FFBC +0.04, STX +0.03, VICR +0.03, ASB +0.01 of note. Flat: INTC +0.00 Misses: CLGX (0.15), LLNW (0.03)  of note. What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. S&P 500 +11 Dow Jones Industrial Average +86  NASDAQ +35  Russell 2000 +17.25 . Fair values are lower.  Asia mixed and Europe higher. Current VIX is at 28.11 from 28.65. 3 month VIX Future is at 29.30 from 29.61. Gold and silver higher with copper lower. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is lower. $ is lower…

This is an abbreviated note due to an internet outage. We will return to normal output on Monday. Have a great weekend. Market Tone: Yes we are done with the presidential debates and now it is 11 days to the election. Stimulus is fading by the minute until after the election. Expect volatile action through the week of November 6th. Earnings After The Close: Beats: SIVB +3.23, COF +2.97, SAM +1.79, HTH +1.17, ABCB +0.80, MAT +0.57, BJRI +0.45, WAL +0.32, EHTH +0.26, OZK +0.25, BOOM +0.18, VRSN +0.14, MANH +0.12, NXGN +0.10, RHI +0.08, EIG +0.07, PBCT +0.05, FFIN +0.05, FFBC +0.04, STX +0.03, VICR +0.03, ASB +0.01 of note. Flat: INTC +0.00 Misses: CLGX (0.15), LLNW (0.03)  of note. What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. S&P 500 +11 Dow Jones Industrial Average +86  NASDAQ +35  Russell 2000 +17.25 . Fair values are lower.  Asia mixed and Europe higher. Current VIX is at 28.11 from 28.65. 3 month VIX Future is at 29.30 from 29.61. Gold and silver higher with copper lower. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is lower. $ is lower…

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