Morning Note

262 total posts

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

Morning Note

Morning Note

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

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

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

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

Morning Note

Morning Note

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

Corporate Actions IPOs on deck: Three IPOs on deck for this week. IPOs Filed: None filed after the close. Secondaries on deck:None of note. Notes Priced: None of note. Common Stock filings: AQN of note. Mixed Shelf Offerings filed:  of note. Convertible Offering Files:None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat: None of note. Missed: None of note Flat: News After The Close: (In time order after the close) Qiagen (QGEN) guides revenues lower. CEO Peter Schatz to leave. Sterling Bancorp (STL) to buy $843 million portfolio from Santander Bank (SAN). Arch Capital (ACGL) sees losses of $65-75 from catastrophe losses in Q3. Hawaiian Holdings (HA) sees September traffic +3% year over year. Raises Q3 operating revenue. Ambarella (AMBA) drops 9% as Department of Commerce blacklists their Chinese customer Hikvision. Despite blacklisting story, President Trump says good chance of a a trade deal with China per CNBC. Stock Repurchase:  Dividend Increase:  Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: NIO +9%, HA +5%, HMY +5% Gap Lower: QGEN -19%, DZSI -18%, AMBA -10% What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. S&P 500 -21 Dow Jones Industrial…

Corporate Actions IPOs on deck: Three IPOs on deck for this week. IPOs Filed: None filed after the close. Secondaries on deck:None of note. Notes Priced: None of note. Common Stock filings: AQN of note. Mixed Shelf Offerings filed:  of note. Convertible Offering Files:None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat: None of note. Missed: None of note Flat: News After The Close: (In time order after the close) Qiagen (QGEN) guides revenues lower. CEO Peter Schatz to leave. Sterling Bancorp (STL) to buy $843 million portfolio from Santander Bank (SAN). Arch Capital (ACGL) sees losses of $65-75 from catastrophe losses in Q3. Hawaiian Holdings (HA) sees September traffic +3% year over year. Raises Q3 operating revenue. Ambarella (AMBA) drops 9% as Department of Commerce blacklists their Chinese customer Hikvision. Despite blacklisting story, President Trump says good chance of a a trade deal with China per CNBC. Stock Repurchase:  Dividend Increase:  Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: NIO +9%, HA +5%, HMY +5% Gap Lower: QGEN -19%, DZSI -18%, AMBA -10% What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. S&P 500 -21 Dow Jones Industrial…

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

Morning Note

Morning Note

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

Corporate Actions  IPOs on deck: Three IPOs on deck for this week. IPOs Filed:  None filed after the close. Secondaries on deck:None of note. Notes Priced:  None of note. Common Stock filings:   None of note. Mixed Shelf Offerings filed: ADMA of note.   Convertible Offering Files:None of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: None of note. Missed: None of note Flat: News After The Close: (In time order after the close) SkyWest Airlines (SKYW) saw block hours rise 6.3% and will stop reporting monthly traffic after this release. United Technology (UTX) wins $325 million Navy contract. UAW and General Motors (GM) talks hit an impasse. (NYT) Barron’s: Positive on SCHW UTX RTN TSM C MA DAL  Mixed on SPOT. Stock Repurchase:  COP Dividend Increase: COP Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: SPWR +5%, FSLR +4%, RNG +4%, MTCH +4% Gap Lower: JKS -4% What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.   S&P 500 -9 Dow Jones Industrial Average -67 NASDAQ -25 Russell 2000 -5 Fair values are higher. Asia mixed and Europe higher. Gold and silver lower with copper higher. WTI Crude Oil  and Brent Oil Futures higher. Natural…

Corporate Actions  IPOs on deck: Three IPOs on deck for this week. IPOs Filed:  None filed after the close. Secondaries on deck:None of note. Notes Priced:  None of note. Common Stock filings:   None of note. Mixed Shelf Offerings filed: ADMA of note.   Convertible Offering Files:None of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: None of note. Missed: None of note Flat: News After The Close: (In time order after the close) SkyWest Airlines (SKYW) saw block hours rise 6.3% and will stop reporting monthly traffic after this release. United Technology (UTX) wins $325 million Navy contract. UAW and General Motors (GM) talks hit an impasse. (NYT) Barron’s: Positive on SCHW UTX RTN TSM C MA DAL  Mixed on SPOT. Stock Repurchase:  COP Dividend Increase: COP Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: SPWR +5%, FSLR +4%, RNG +4%, MTCH +4% Gap Lower: JKS -4% What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.   S&P 500 -9 Dow Jones Industrial Average -67 NASDAQ -25 Russell 2000 -5 Fair values are higher. Asia mixed and Europe higher. Gold and silver lower with copper higher. WTI Crude Oil  and Brent Oil Futures higher. Natural…

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

Morning Note

Morning Note

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

Corporate Actions  IPOs on deck: None of note. IPOs Filed:  None filed after the close. Secondaries on deck: GO HRTX OVID TERP of note. Notes Priced:  None of note. Common Stock filings:   OVID CRM TERP of note. Mixed Shelf Offerings filed: TERP INBK of note.   Convertible Offering Files:None of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: COST +0.13 of note. Missed: SGH (0.71) of note Flat: News After The Close: (In time order after the close) RingCentral (RNG) takes a 6% stake in Avaya (AVYA). Stock Repurchase:  AVYA Dividend Increase: Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: MEIP +16%, AVYA +12%, RNG +6% Gap Lower: OVID -17%, HRTX -9%, SGH -5%, HPQ -4% What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.   S&P 500 +2 Dow Jones Industrial Average +34 NASDAQ +14 Russell 2000 -7 Fair values are lower. Asia mixed and Europe higher. Gold,silver and copper lower. WTI Crude Oil  and Brent Oil Futures higher. Natural Gas is lower. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $131.55 from $131.27 with yields at…

Corporate Actions  IPOs on deck: None of note. IPOs Filed:  None filed after the close. Secondaries on deck: GO HRTX OVID TERP of note. Notes Priced:  None of note. Common Stock filings:   OVID CRM TERP of note. Mixed Shelf Offerings filed: TERP INBK of note.   Convertible Offering Files:None of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: COST +0.13 of note. Missed: SGH (0.71) of note Flat: News After The Close: (In time order after the close) RingCentral (RNG) takes a 6% stake in Avaya (AVYA). Stock Repurchase:  AVYA Dividend Increase: Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: MEIP +16%, AVYA +12%, RNG +6% Gap Lower: OVID -17%, HRTX -9%, SGH -5%, HPQ -4% What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.   S&P 500 +2 Dow Jones Industrial Average +34 NASDAQ +14 Russell 2000 -7 Fair values are lower. Asia mixed and Europe higher. Gold,silver and copper lower. WTI Crude Oil  and Brent Oil Futures higher. Natural Gas is lower. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $131.55 from $131.27 with yields at…

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

Morning Note

Morning Note

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

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

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

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

Morning Note

Morning Note

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

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

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

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

Morning Note

Morning Note

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

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

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

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

Morning Note

Morning Note

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

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

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

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

Morning Note

Morning Note

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

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

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

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

Morning Note

Morning Note

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

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

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

CAPIS Morning Note – 9/25/19 Clarity Today On Ukraine Call & Whistleblower Complaint Against President Trump

Morning Note

Morning Note

posted by CAPIS on 09/25/2019 at 7:55 am
by CAPIS on 09/25/2019

NY Federal Reserve  Open Market Action – At 8:30 a.m. EDT, the NY Federal Reserve will conduct open market operations for a seventh day. Corporate Actions  IPO News: IPOs on deck: Three IPOS on deck this week including Peloton.  IPOs Filed:  None filed after the close. Secondaries on deck:   STAG of note. Notes Priced:   AVGO of note. Common Stock filings:  None of note. Mixed Shelf Offerings filed:  None of note.   Convertible Offering Files:  AVGO LCI PDD of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: None of note. Missed: None of note News After The Close: (In time order after the close) Amgen (AMGN) announced positive results from two Phase BLINCYTO studies in pediatric for all patients. HD Supply (HDS) to spit into two companies. One will be Facilities & Maintenance and the other Construction & Industrial businesses. Juul is planning some layoffs as vaping runs into trouble which is a negative for Altria (MO). Mimecast (MIME) COO Ed Jennings to leave by the end of the year. House Speaker Nancy Pelosi announces impeachment inquiry into President Trump. Avantor (AVTR) President & COO Bjorn Hofman to leave. Index Change: Pacira BioSciences (PCRX) to join S&P 600 on 9/30. Universal Logistics (ULH) paid $36…

NY Federal Reserve  Open Market Action – At 8:30 a.m. EDT, the NY Federal Reserve will conduct open market operations for a seventh day. Corporate Actions  IPO News: IPOs on deck: Three IPOS on deck this week including Peloton.  IPOs Filed:  None filed after the close. Secondaries on deck:   STAG of note. Notes Priced:   AVGO of note. Common Stock filings:  None of note. Mixed Shelf Offerings filed:  None of note.   Convertible Offering Files:  AVGO LCI PDD of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: None of note. Missed: None of note News After The Close: (In time order after the close) Amgen (AMGN) announced positive results from two Phase BLINCYTO studies in pediatric for all patients. HD Supply (HDS) to spit into two companies. One will be Facilities & Maintenance and the other Construction & Industrial businesses. Juul is planning some layoffs as vaping runs into trouble which is a negative for Altria (MO). Mimecast (MIME) COO Ed Jennings to leave by the end of the year. House Speaker Nancy Pelosi announces impeachment inquiry into President Trump. Avantor (AVTR) President & COO Bjorn Hofman to leave. Index Change: Pacira BioSciences (PCRX) to join S&P 600 on 9/30. Universal Logistics (ULH) paid $36…

CAPIS Morning Note – 9/24/19 Will The Phone Call To Ukraine Lead To Impeachment Proceedings? Democrats Meet at 4:00 P.M. EDT

Morning Note

Morning Note

posted by CAPIS on 09/24/2019 at 7:49 am
by CAPIS on 09/24/2019

NY Federal Reserve  Open Market Action – At 8:30 a.m. EDT, the NY Federal Reserve will conduct open market operations for sixth day and take $30 billion. 2X oversubscribed. Corporate Actions  IPO News: Anheuser Busch InBev (BUD) priced IPO in Hong Kong of its subsidiary in the Asia Pacific. (CNBC) IPOs on deck: Three IPOS on deck this week including Peloton.  IPOs Filed:  None filed after the close. Secondaries on deck:  ANDE VER UNVR of note. Notes Priced:   None of note. Common Stock filings:  None of note. Mixed Shelf Offerings filed:  RILY of note.   Convertible Offering Files: PDD of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: None of note. Missed: None of note News After The Close: (In time order after the close) Federal prosecutors looking into Juul Labs. Impacts Altria Group (MO). Powell Industries (POWL) CEO Brett Cope to take on role of Chairman as Thomas Powell steps down. Vitamin Shoppe (VSI) ended negotiations with potential bidder in “go shop” period. Raytheon (RTN) wins $500 million Missile Defense Agency contract. Northrup Grumman (NOC) wins $380 million Defense Logistics Agency contract. Lockheed Martin (LMT) wins $350 million Navy contract. Index Change: Fresh Del Monte (FDP) and Jagged Peak Energy…

NY Federal Reserve  Open Market Action – At 8:30 a.m. EDT, the NY Federal Reserve will conduct open market operations for sixth day and take $30 billion. 2X oversubscribed. Corporate Actions  IPO News: Anheuser Busch InBev (BUD) priced IPO in Hong Kong of its subsidiary in the Asia Pacific. (CNBC) IPOs on deck: Three IPOS on deck this week including Peloton.  IPOs Filed:  None filed after the close. Secondaries on deck:  ANDE VER UNVR of note. Notes Priced:   None of note. Common Stock filings:  None of note. Mixed Shelf Offerings filed:  RILY of note.   Convertible Offering Files: PDD of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: None of note. Missed: None of note News After The Close: (In time order after the close) Federal prosecutors looking into Juul Labs. Impacts Altria Group (MO). Powell Industries (POWL) CEO Brett Cope to take on role of Chairman as Thomas Powell steps down. Vitamin Shoppe (VSI) ended negotiations with potential bidder in “go shop” period. Raytheon (RTN) wins $500 million Missile Defense Agency contract. Northrup Grumman (NOC) wins $380 million Defense Logistics Agency contract. Lockheed Martin (LMT) wins $350 million Navy contract. Index Change: Fresh Del Monte (FDP) and Jagged Peak Energy…

CAPIS Morning Note -9/23/19 German Factory Orders Drop The Most In 10 Years, Reversing Futures

Morning Note

Morning Note

posted by CAPIS on 09/23/2019 at 7:38 am
by CAPIS on 09/23/2019

NY Federal Reserve  Open Market Action – At 8:30 a.m. EDT, the NY Federal Reserve will conduct open market operations for  fourth day. Corporate Actions  IPO News: Softbank Head Masa Son in favor of ousting WeWork CEO Adam Neumann. IPOs on deck: Three IPOS on deck this week including Peloton.  IPOs Filed:  None filed after the close. Secondaries on deck:  None of note. Notes Priced:   None of note. Common Stock filings: NINE of note. Mixed Shelf Offerings filed:  None of note.   Convertible Offering Files: None of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: None of note. Missed: None of note News After The Close: (In time order after the close) Equity Lifestyle Properties (ELF) to split 2:1. Northrop Gruman (NOC) wins $1.1 billion Missile Defense Agency contract. Index changes: NVR (NVR) to join S&P 500. Jefferies (JEF) and II-VI (IIVI) to join S&P 500. Callon Petroleum (CPE) and PriceSmart (PSMT) to join S&P 600. Stock Repurchase:  Dividend Increase: IDA Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: YUMA +11% EROS +7% MDR +6% DRD +5%  Gap Lower: NE -9% AKS -5% GME -5% MT -5% SCHN -4% What’s Happening This Morning: Futures value reflects the change with fair value. We will…

NY Federal Reserve  Open Market Action – At 8:30 a.m. EDT, the NY Federal Reserve will conduct open market operations for  fourth day. Corporate Actions  IPO News: Softbank Head Masa Son in favor of ousting WeWork CEO Adam Neumann. IPOs on deck: Three IPOS on deck this week including Peloton.  IPOs Filed:  None filed after the close. Secondaries on deck:  None of note. Notes Priced:   None of note. Common Stock filings: NINE of note. Mixed Shelf Offerings filed:  None of note.   Convertible Offering Files: None of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: None of note. Missed: None of note News After The Close: (In time order after the close) Equity Lifestyle Properties (ELF) to split 2:1. Northrop Gruman (NOC) wins $1.1 billion Missile Defense Agency contract. Index changes: NVR (NVR) to join S&P 500. Jefferies (JEF) and II-VI (IIVI) to join S&P 500. Callon Petroleum (CPE) and PriceSmart (PSMT) to join S&P 600. Stock Repurchase:  Dividend Increase: IDA Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: YUMA +11% EROS +7% MDR +6% DRD +5%  Gap Lower: NE -9% AKS -5% GME -5% MT -5% SCHN -4% What’s Happening This Morning: Futures value reflects the change with fair value. We will…

CAPIS Morning Note – 9/20/19 Continuing Resolution Off To Senate

Morning Note

Morning Note

posted by CAPIS on 09/20/2019 at 7:40 am
by CAPIS on 09/20/2019

NY Federal Reserve  Open Market Action – At 8:30 a.m. EDT, the NY Federal Reserve will conduct open market operations for  fourth day. Corporate Actions  IPO News: Airbnb to go public in 2020. IPOs on deck:   IPOs Filed:  None filed after the close. Secondaries on deck:  FBM HTGM OPRA of note. Notes Priced:  SAIL of note. Common Stock filings: None of note. Mixed Shelf Offerings filed:  None of note.   Convertible Offering Files: None of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat:  SCHL +0.21 SCS +.07 of note. Missed: None of note News After The Close: (In time order after the close) Western Digital (WDC) to sell its IntelliFlash business to DDN, no terms. Xilinx (XLNX) CFO leaves for another opportunity. KeyCorp (KEY) names Chris Gorman successor to CEO Beth Mooney. Shoe Carnival (SCVL) names Mark Worden as President replacing Cliff Sifford. Stock Repurchase:  Dividend Increase: TXN ABCB  STT  MCD. Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: MDR +63%, CRC +17%, SCHL +11%, SCS +6%, HEXO +4%, PING +4%, Gap Lower: XLNX -4% What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.   S&P 500 +4 Dow Jones Industrial Average +34 NASDAQ +11 Russell 2000 +4. Fair…

NY Federal Reserve  Open Market Action – At 8:30 a.m. EDT, the NY Federal Reserve will conduct open market operations for  fourth day. Corporate Actions  IPO News: Airbnb to go public in 2020. IPOs on deck:   IPOs Filed:  None filed after the close. Secondaries on deck:  FBM HTGM OPRA of note. Notes Priced:  SAIL of note. Common Stock filings: None of note. Mixed Shelf Offerings filed:  None of note.   Convertible Offering Files: None of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat:  SCHL +0.21 SCS +.07 of note. Missed: None of note News After The Close: (In time order after the close) Western Digital (WDC) to sell its IntelliFlash business to DDN, no terms. Xilinx (XLNX) CFO leaves for another opportunity. KeyCorp (KEY) names Chris Gorman successor to CEO Beth Mooney. Shoe Carnival (SCVL) names Mark Worden as President replacing Cliff Sifford. Stock Repurchase:  Dividend Increase: TXN ABCB  STT  MCD. Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: MDR +63%, CRC +17%, SCHL +11%, SCS +6%, HEXO +4%, PING +4%, Gap Lower: XLNX -4% What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.   S&P 500 +4 Dow Jones Industrial Average +34 NASDAQ +11 Russell 2000 +4. Fair…

CAPIS Morning Note – 9/19/19 Bank of England Leaves Rates Unchanged After Fed Lowers

Morning Note

Morning Note

posted by CAPIS on 09/19/2019 at 7:41 am
by CAPIS on 09/19/2019

NY Federal Reserve  Open Market Action – At 8:30 a.m. EDT, the NY Federal Reserve will conduct open market operations for  third day. Corporate Actions  IPO News:  IPOs on deck: Datadog (DDOG) and Ping Identity (PING) to begin trading today. IPOs Filed:  None filed after the close. Secondaries on deck: ARES NCR PAA PAGP PRVB VBIV XGN  of note. Notes Priced: IOTS CMLS of note. Common Stock filings:  PRVB PAGP  ARESLYV of note. Mixed Shelf Offerings filed: LHX of note.   Convertible Offering Files:  ETSY SAIL of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: MLHR +0.06 of note. Missed: None of note News After The Close: (In time order after the close) Northern Trust (NTRS) names Jason Tyler CFO in 2020. Cisco (CSCO) was interested in buying Datadog (DDOG) which is going public today. AT&T (T) may sell DirecTV. Then disputes this morning that story. Stock Repurchase: MSFT TGT. Dividend Increase: MSFT WPC. Dividend Decrease:. Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: MLHR +9% Gap Lower: PRVB -14%, X -11%, ARES -4%, AKS -4% What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.   S&P 500 -1 Dow Jones Industrial Average -8 NASDAQ -7 Russell…

NY Federal Reserve  Open Market Action – At 8:30 a.m. EDT, the NY Federal Reserve will conduct open market operations for  third day. Corporate Actions  IPO News:  IPOs on deck: Datadog (DDOG) and Ping Identity (PING) to begin trading today. IPOs Filed:  None filed after the close. Secondaries on deck: ARES NCR PAA PAGP PRVB VBIV XGN  of note. Notes Priced: IOTS CMLS of note. Common Stock filings:  PRVB PAGP  ARESLYV of note. Mixed Shelf Offerings filed: LHX of note.   Convertible Offering Files:  ETSY SAIL of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: MLHR +0.06 of note. Missed: None of note News After The Close: (In time order after the close) Northern Trust (NTRS) names Jason Tyler CFO in 2020. Cisco (CSCO) was interested in buying Datadog (DDOG) which is going public today. AT&T (T) may sell DirecTV. Then disputes this morning that story. Stock Repurchase: MSFT TGT. Dividend Increase: MSFT WPC. Dividend Decrease:. Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: MLHR +9% Gap Lower: PRVB -14%, X -11%, ARES -4%, AKS -4% What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.   S&P 500 -1 Dow Jones Industrial Average -8 NASDAQ -7 Russell…

CAPIS Morning Note – 9/18/19 NY Fed To Inject Liquidity Into System For Second Consecutive Day

Morning Note

Morning Note

posted by CAPIS on 09/18/2019 at 7:50 am
by CAPIS on 09/18/2019

NY Federal Reserve  Open Market Action – At 8:30 a.m. EDT, the NY Federal Reserve will conduct open market operations and inject up to $75 billion. Corporate Actions  IPO News:  IPOs on deck: Envista (NVST) and IGM Biosciences (IGMS) to begin trading today. IPOs Filed:  None filed after the close. Secondaries on deck:  INVH ACAD TBIO ROAD of note. Notes Priced: None of note. Common Stock filings: TBIO PTCT ACAD INVH  of note. Mixed Shelf Offerings filed:None of note.   Convertible Offering Files: PTCT of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat:  ADBE +0.08 of note. Missed: CHWY (0.11), FDX (0.11) of note News After The Close: (In time order after the close) Alexion Pharmaceuticals (ALXN) names Dr. Aradhana Sarin new CFO. Dexcom (DXCM) names Quentin Blackford as COO in addition to being CFO. CDW (CDW) to join the S&P 500 next Monday. Stock Repurchase: ATRO STBA. Dividend Increase: JPM TTEC. Dividend Decrease: ANH. Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: ZYNE +10%, CDW +6% Gap Lower: FDX -12%, TBIO -10%, IOTS -8%, PTCT -8%, CHWY -4%, ACAD -4%, CBAY -4% What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.   S&P 500 -5 Dow Jones Industrial Average -37 NASDAQ -17…

NY Federal Reserve  Open Market Action – At 8:30 a.m. EDT, the NY Federal Reserve will conduct open market operations and inject up to $75 billion. Corporate Actions  IPO News:  IPOs on deck: Envista (NVST) and IGM Biosciences (IGMS) to begin trading today. IPOs Filed:  None filed after the close. Secondaries on deck:  INVH ACAD TBIO ROAD of note. Notes Priced: None of note. Common Stock filings: TBIO PTCT ACAD INVH  of note. Mixed Shelf Offerings filed:None of note.   Convertible Offering Files: PTCT of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat:  ADBE +0.08 of note. Missed: CHWY (0.11), FDX (0.11) of note News After The Close: (In time order after the close) Alexion Pharmaceuticals (ALXN) names Dr. Aradhana Sarin new CFO. Dexcom (DXCM) names Quentin Blackford as COO in addition to being CFO. CDW (CDW) to join the S&P 500 next Monday. Stock Repurchase: ATRO STBA. Dividend Increase: JPM TTEC. Dividend Decrease: ANH. Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: ZYNE +10%, CDW +6% Gap Lower: FDX -12%, TBIO -10%, IOTS -8%, PTCT -8%, CHWY -4%, ACAD -4%, CBAY -4% What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.   S&P 500 -5 Dow Jones Industrial Average -37 NASDAQ -17…

CAPIS Morning Note -9/17/19 Trade Deal With Japan?

Morning Note

Morning Note

posted by CAPIS on 09/17/2019 at 7:57 am
by CAPIS on 09/17/2019

Corporate Actions  IPO News: WeWork (WE) shelves IPO for now. Will try to bring back at year end. IPOs on deck: Six IPOs of note due this week including Datadog (DDOG) and Ping Identity Holding (PING). IPOs Filed:  None filed after the close. Secondaries on deck: ATH SHOP of note. Notes Priced:  Apex Technology Acquisition -Unit. Common Stock filings: FNKO SHOP OPRA of note. Mixed Shelf Offerings filed:None of note.   Convertible Offering Files: None of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: None of note. Missed:  None of note News After The Close: (In time order after the close) Cheniere Energy (LNG) and EOG Resources (EOG) agree on long term gas supply agreement. SeaWorld Entertainment (SEAS) CEO resigns effective immediately, current CFO to become CEO. Leidos (LDOS) wins $428 million task order from U.S. Army. FedEx (FDX) to increase rates in January of 2020. Dril Quip (DRQ) terminates Ca Rong Do project. Accelron Pharmaceutical (XLRN) announce that Phase 2 Trial of ACE-083did not achieve secondary endpoints. Stock Repurchase: KLAC. Dividend Increase: KLAC MAS. Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: SBGL +4.2%. Gap Lower: BBCP -9%, GLW -9%, FNKO -8%, XLRN -7%, DRQ -6%, SHOP -5%. What’s Happening This Morning: Futures value reflects the change with fair value. We will still…

Corporate Actions  IPO News: WeWork (WE) shelves IPO for now. Will try to bring back at year end. IPOs on deck: Six IPOs of note due this week including Datadog (DDOG) and Ping Identity Holding (PING). IPOs Filed:  None filed after the close. Secondaries on deck: ATH SHOP of note. Notes Priced:  Apex Technology Acquisition -Unit. Common Stock filings: FNKO SHOP OPRA of note. Mixed Shelf Offerings filed:None of note.   Convertible Offering Files: None of note. Senior Notes Filed:   None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: None of note. Missed:  None of note News After The Close: (In time order after the close) Cheniere Energy (LNG) and EOG Resources (EOG) agree on long term gas supply agreement. SeaWorld Entertainment (SEAS) CEO resigns effective immediately, current CFO to become CEO. Leidos (LDOS) wins $428 million task order from U.S. Army. FedEx (FDX) to increase rates in January of 2020. Dril Quip (DRQ) terminates Ca Rong Do project. Accelron Pharmaceutical (XLRN) announce that Phase 2 Trial of ACE-083did not achieve secondary endpoints. Stock Repurchase: KLAC. Dividend Increase: KLAC MAS. Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: SBGL +4.2%. Gap Lower: BBCP -9%, GLW -9%, FNKO -8%, XLRN -7%, DRQ -6%, SHOP -5%. What’s Happening This Morning: Futures value reflects the change with fair value. We will still…

CAPIS Morning Note -9/16/19 Brent Oil Spikes The Most Ever, +10%

Morning Note

Morning Note

posted by CAPIS on 09/16/2019 at 7:47 am
by CAPIS on 09/16/2019

Corporate Actions  IPO News: Chinos Holdings files for IPO, will be renamed Madewell Group. IPOs on deck: Six IPOs of note due this week including Datadog (DDOG) and Ping Identity Holding (PING). IPOs Filed:  None filed after the close. Secondaries on deck: None of note. Notes Priced:  REXR of note. Common Stock filings: None of note. Mixed Shelf Offerings filed: CTLT KDMN of note.   Convertible Offering Files: None of note. Senior Notes Filed:  PFGC of note. Courtesy of IPO Financial Earnings After The Close:  Beat:  None of note. Missed:  None of note News After The Close: (In time order after the close) Viper Energy Partners (VNOM) to buy certain mineral and royalty interest from Santa Elena Minerals for $150 million. Portugal sees its rating upgraded to Positive from major rating agency. Raytheon (RTN) wins $427 million Army contract. Disney (DIS) President Bob Iger resigns from the Apple (AAPL) Board of Directors. Drones hit Saudi oil installations on Saturday. President Trump authorizes use of the Strategic Petroleum Reserve (SPR). Stock Repurchase:  Dividend Increase: Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: ALDR +80%, DNR +39%, YUMA +33%, WLL +17%, CHK +16%, NBR +16%, SWN +13%, VAL +13%, RRC +13%, BTE +12%, MRO +11%, AR +11%, RIG +10%, DVN +10%, PTEN +10%, ECA +9%, NBL +9%, CXO +9%, MDR +8%, PXD +8%, APA +8%, HES +7%, COP +7%, CNQ +7%, NOV +6%, SLB +6%, OXY +5%, HAL +5%, GFI +5%, HMY +4%, BP +4%, SBGL +4%. Gap Lower: TLRD -4%. What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value…

Corporate Actions  IPO News: Chinos Holdings files for IPO, will be renamed Madewell Group. IPOs on deck: Six IPOs of note due this week including Datadog (DDOG) and Ping Identity Holding (PING). IPOs Filed:  None filed after the close. Secondaries on deck: None of note. Notes Priced:  REXR of note. Common Stock filings: None of note. Mixed Shelf Offerings filed: CTLT KDMN of note.   Convertible Offering Files: None of note. Senior Notes Filed:  PFGC of note. Courtesy of IPO Financial Earnings After The Close:  Beat:  None of note. Missed:  None of note News After The Close: (In time order after the close) Viper Energy Partners (VNOM) to buy certain mineral and royalty interest from Santa Elena Minerals for $150 million. Portugal sees its rating upgraded to Positive from major rating agency. Raytheon (RTN) wins $427 million Army contract. Disney (DIS) President Bob Iger resigns from the Apple (AAPL) Board of Directors. Drones hit Saudi oil installations on Saturday. President Trump authorizes use of the Strategic Petroleum Reserve (SPR). Stock Repurchase:  Dividend Increase: Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: ALDR +80%, DNR +39%, YUMA +33%, WLL +17%, CHK +16%, NBR +16%, SWN +13%, VAL +13%, RRC +13%, BTE +12%, MRO +11%, AR +11%, RIG +10%, DVN +10%, PTEN +10%, ECA +9%, NBL +9%, CXO +9%, MDR +8%, PXD +8%, APA +8%, HES +7%, COP +7%, CNQ +7%, NOV +6%, SLB +6%, OXY +5%, HAL +5%, GFI +5%, HMY +4%, BP +4%, SBGL +4%. Gap Lower: TLRD -4%. What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value…

CAPIS Morning Note -9/13/19 Retail Sales Slow in August Up 0.1%

Morning Note

Morning Note

posted by CAPIS on 09/13/2019 at 7:38 am
by CAPIS on 09/13/2019

Corporate Actions  IPO News: We Company (We) amends IPO prospectus. IPOs on deck: SpringWorks Therapeutics (SWTX), Satsuma Pharma (STSA), Experience Investment Unit (EXCPU) as well Cloudflare (NET) of note. IPOs Filed:  None filed after the close. Secondaries on deck: ALRS MCF  of note. Notes Priced: UBER HSKA RH BEST of note. Common Stock filings:   ERII CDXC of note. Mixed Shelf Offerings filed: ERII of note.   Convertible Offering Files: None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: AVGO +0.03 of note. Missed:  None of note News After The Close: (In time order after the close) Alaska Air (ALK) saw August traffic up 4.6%. MDC Holdings (MDC) sees new home orders up 63%. Park Hotels & Resorts (PK) to join S&P 400 and Inogen (INGN) to join S&P 600. Stock Repurchase: BKU Dividend Increase: VICI Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: VNCE +22%, CPRX +10%, +7%, MDLA +5%, VRAY +5%, PK +4%. Gap Lower: PCYG -15%, ERII -12%, ARDX -6% What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.   S&P 500 +9 Dow Jones Industrial Average +109 NASDAQ +26 Russell 2000 +1.…

Corporate Actions  IPO News: We Company (We) amends IPO prospectus. IPOs on deck: SpringWorks Therapeutics (SWTX), Satsuma Pharma (STSA), Experience Investment Unit (EXCPU) as well Cloudflare (NET) of note. IPOs Filed:  None filed after the close. Secondaries on deck: ALRS MCF  of note. Notes Priced: UBER HSKA RH BEST of note. Common Stock filings:   ERII CDXC of note. Mixed Shelf Offerings filed: ERII of note.   Convertible Offering Files: None of note. Senior Notes Filed:  None of note. Courtesy of IPO Financial Earnings After The Close:  Beat: AVGO +0.03 of note. Missed:  None of note News After The Close: (In time order after the close) Alaska Air (ALK) saw August traffic up 4.6%. MDC Holdings (MDC) sees new home orders up 63%. Park Hotels & Resorts (PK) to join S&P 400 and Inogen (INGN) to join S&P 600. Stock Repurchase: BKU Dividend Increase: VICI Early Morning Gap Up/Down: (>4% or <-4%) Gap Higher: VNCE +22%, CPRX +10%, +7%, MDLA +5%, VRAY +5%, PK +4%. Gap Lower: PCYG -15%, ERII -12%, ARDX -6% What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.   S&P 500 +9 Dow Jones Industrial Average +109 NASDAQ +26 Russell 2000 +1.…

CAPIS Morning Note – 9/12/19

Morning Note

Morning Note

posted by CAPIS on 09/12/2019 at 7:54 am
by CAPIS on 09/12/2019

Breaking News – ECB cuts rates by 10 basis points as expected. Press conference at 8:30 a.m. EDT. Corporate Actions  IPO News:  IPOs on deck: SmileDirectClub (SDC) and 10x Genomics (TXG) of note. IPOs Filed:  None filed after the close. Secondaries on deck:  ALRS AMPH BHGE CYAD FATE  IMXI of note. Notes Priced: None of note. Common Stock filings:  FATE CPRX  of note. Mixed Shelf Offerings filed: None of note.   Convertible Offering Files:  HSKA BEST APLS of note. Senior Notes Filed: CDW UBER of note. Courtesy of IPO Financial Earnings After The Close:  Beat: TLRD +0.03  of note. Flat: ORCL of note Missed: OXM (0.02)  of note. News After The Close: (In time order after the close) Great Lakes Dredge & Dock (GLDD) announces $141 million in new contracts. Landstar (LSTR) lowers guidance. Emerson (EMR) gives orders update. Three month trailing orders up 2% with one month up 3%, with currency impact of 1%. Mark Hurd the CEO of Oracle (ORCL) will take a leave of absence due to health related issues. Spotify (SPOT) Chief Accounting Office Luca Baratta will resign as of 9/16 and Controller Paul Sawyer to take on that roll. Healthcare Realty (HR) Executive Chairman David Emery has taken a medical leave.…

Breaking News – ECB cuts rates by 10 basis points as expected. Press conference at 8:30 a.m. EDT. Corporate Actions  IPO News:  IPOs on deck: SmileDirectClub (SDC) and 10x Genomics (TXG) of note. IPOs Filed:  None filed after the close. Secondaries on deck:  ALRS AMPH BHGE CYAD FATE  IMXI of note. Notes Priced: None of note. Common Stock filings:  FATE CPRX  of note. Mixed Shelf Offerings filed: None of note.   Convertible Offering Files:  HSKA BEST APLS of note. Senior Notes Filed: CDW UBER of note. Courtesy of IPO Financial Earnings After The Close:  Beat: TLRD +0.03  of note. Flat: ORCL of note Missed: OXM (0.02)  of note. News After The Close: (In time order after the close) Great Lakes Dredge & Dock (GLDD) announces $141 million in new contracts. Landstar (LSTR) lowers guidance. Emerson (EMR) gives orders update. Three month trailing orders up 2% with one month up 3%, with currency impact of 1%. Mark Hurd the CEO of Oracle (ORCL) will take a leave of absence due to health related issues. Spotify (SPOT) Chief Accounting Office Luca Baratta will resign as of 9/16 and Controller Paul Sawyer to take on that roll. Healthcare Realty (HR) Executive Chairman David Emery has taken a medical leave.…

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