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12.10.2018 19 new posts under International Summary (9), Morning Note (9), CAPIS Headlines (1)

Morning Note

News

Morning Note

"Morning Note – 11/20/18"

posted by CAPIS on 11/20/2018 at 7:23 am

by CAPIS

11/20/2018 at 7:23 am

In After Hours Trading

IPOs on deck: TuanChe (TC)

Secondaries on deck: EAST TLC TLSA VST .

Filings After The Close:  (mixed shelf), (common stock), (debt)

Courtesy of IPO Financial

Earnings From After the Close:

Surprises: INTU +0.18 KLIC +0.13 A +0.07 URBN +0.07 NUAN +0.06 PSTG +0.06.

Misses: GH (1.65), BECN (0.28) JACK (0.08).

Flat:

Lower Guidance

Mixed Guidance:

Strong Guidance:

Monday After The Close News:

LPL Financial (LPLA) sees assets drop -4.7% month over month.

Hormel (HRL) increase quarterly dividend to $021.

YumBrands! (YUM) names Brian Cornell non-executive Chairman.

Becton Dickinson (BDX) increases quarterly dividend to $0.77.

Valvoline (VVV) increases quarterly dividend to $0.106.

Hourly Action This Week:

Courtesy of Quantitative Partners, Inc.

What’s Happening This Morning:

U.S. futures: S&P -21, Dow Jones -182, NDX -78 and Russell 2000 -9 with fair values LOWER LESSENING THE PAIN. Asia lower and Europe lower.

Gold and silver up slightly and copper lower. WTI Crude and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury price 119.34 with yields higher since Monday. Prices as of 7:55 a.m. EDT.

Top Sectors Yesterday: Utilities.

Weak Sectors Yesterday:  Technology, Services, Industrials, Healthcare and Consumer Goods.

One Month Winners Utilities and Financials.

Three Month Winners: Utilities

Six Month Winners: Healthcare and Utilities.

Twelve Month Winners: Healthcare, Services and Conglomerates

Year To Date Winners: Healthcare, Services, Conglomerates and Utilities.

Earnings Ahead: (sorted by Market Cap and only most impactful and notables listed)

Earnings Expected After The Close:

Earnings Due Wednesday Morning:.

Rags & Mags:

Target (TGT) down -9% on earnings miss. (CNBC)

Goldman Sachs (GS) cuts price target on Apple (AAPL), dead money for the next year. (CNBC)

Bitcoin freefalls to $4,200, dropping 15% today and now 30% for the week. (CNBC)

Hedge Fund Manager Ray Dalio compares now to 1930s. (Marketwatch)

FANG stocks driving the market lower. (NYT)

Five Things To Start Your Day. (Bloomberg)

Earnings Reported This Morning:

Surprises:

Flat:

Misses:

Lower Guidance:

Mixed Guidance:

Strong Guidance:

Date Points:

Yesterday saw 776 stocks rise and 2131 fall on the NYSE. NASDAQ saw 788 rise and 2308 fall.

The SP 500 is still below its 50 day simple moving average and its 200 day simple moving average (2762.39). The Russell 2000 is still below its 50 day simple moving exponential average and 200 day simple moving average.

The QPI10 Day Moving Average of breadth is invested and went there on November 8th at 2806.38.

YTD 39% (-1) of stocks are higher and 61% (+1) are lower. Updated 11/16/18 close with next update on 11/26/18.

Courtesy of Quantitative Partners, Inc

Economics:

October Housing Starts are due out at 8:30 a.m. EDT and are expected to rise to 1,230,000 from 1,20,000.

October Building Permits are also due at 8:30 a.m. EDT and are expected to rise to 1,270,000 from 1,260,000 with September at 1,241,000.

Politico:

President Trump leaves The White House for Palm Beach, FL as he gets ready for Thanksgiving.

Conferences & Analyst Meetings:

Analyst Meetings: CUE ORPN IMNP NERV

Sellside Conferences:

A quite week due to Thanksgiving.

M&A  Activity And Credible Rumors of Note Overnight:

Boston Scientific (BSX) to buy U.K.’s BTG for $4.2 billion.

Upgrades & Downgrades

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