09.30.2022 11 new Morning Note posts under Morning Note (10) and CAPIS Insights (1)

Morning Note


Morning Note

"Morning Note -3/27/19"

posted by CAPIS on 03/27/2019 at 8:04 am


03/27/2019 at 8:04 am

Corporate Actions

IPOs on deck for This Week: The largest IPO in recent memory is due to be priced this week, Lyft. Other IPOs for this week include 8i Enterprises and Precision Biosciences.

**Research Notes: IPO Financial offers some comments on the state of the IPO Market and Lyft IPO**

Link to comments

IPOs on deck for Today: None of note

Secondaries on deck:   MYOK SNDX VEON ICCC GNFTF of note.

Convertible or Senior Notes on Deck:  IQ NGL of note.

IPO Filings Announced After The Close: None filed today to go public.

Announcements For Secondary Filings & Financings:   None of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat: KBH +0.06, SCVL +0.03, OLLI +0.02.

News After The Close:

Boston Beer (SAM) names Lesya Lysj as Chief Marketing Officer.

Vitamin Shoppe (VSI) announces CFO Bill Wafford out as of 4/1 as he leaves for J.C. Penney (JCP).

Navy awards Huntington Ingalls (HII) with a $1,47 billion contract.

Stock Repurchase: CATM HCC

Hourly Action This Past Week:

5 hours were positive with 2 negative. Only the S&P 500 was lower for Monday. Next update tomorrow.

Courtesy of Quantitative Partners, Inc.

What’s Happening This Morning: Futures on the S&P rose until 2:00 a.m. EDT then fell to 5:00 a.m. EDT and now are on fire.

U.S. futures: S&P +1, Dow Jones +12, NDX +10 and Russell 2000 -0.40 with fair values SLIGHTLY HIGHER CUTTING INTO GAINS. Asia and Europe higher, click through for details by country.

Gold and silver lower and copper higher. WTI Crude and Brent Oil Futures mixed. Natural Gas is lower. $ is lower vs Euro, lower vs. Pound and ;ower vs. Yen. US 10 year Treasury price $124.53 from $124.13  with yields lower since Tuesday morning. Prices as of 8:55 a.m. EST.

Top Sectors Tuesday: All higher.

Weakest Sectors Tuesday: None.

One Month Winners: Conglomerates, Technology, Consumer Goods and Utilities.

Three Month Winners:  Conglomerates, Technology, Industrials, Materials and Services.

Six Month Winners: Utilities, Conglomerates and Technology.

Twelve Month Winners: Utilities, Conglomerates, Healthcare and Services.

Year to Date: All higher led by Conglomerates, Technology, Industrial Goods, Services, Materials and Utilities.

Upcoming Earnings Of Note (sorted by market cap, highest to lowest):

Today After The Close: LULU PVH FIVE SNX VRNT FUL.

Thursday Before The Open: ACN RUBY QIWI MOVV SPWH.

Earnings This Morning Of Note:

Beat Estimates: SCWX +.01

Missed Estimates: LEN (0.35), TITN (0.05), HOME (0.01)

Still to Report: OMN, PAYX, UNF

Rags & Mags: Highlighted Stories may be clicked through to the original story.

5 Things You Need To Know To Start Your Day (Bloomberg)

Data Points:

We are changing the comments on the various moving averages to a table.  The S&P 500 is now above all its moving averages.

Yesterday saw 2121 stocks rise and 746 fall on the NYSE. NASDAQ saw 2062 rise and 1006 fall.

The QPI10 Day Moving Average of Breadth (10DMA) is invested on the open from cash Friday morning. For a move to cash from buy, the 10DMA needed to have two days in row above +200. We are back to a buy with Thursday’s closing action as our 10 day moving average was above +200 for a second day.

Courtesy of Quantitative Partners, Inc.

YTD 77% (-6% week over week) of stocks are higher and 23% are lower. Updated 3/22/19 close with next update on 3/29/19 close.

Courtesy of Phil Erlanger Research, Inc.

Algo/HFT Trading Levels:

The Erlanger Value Lines track the intraday range of resistance, pivot and support used by Algo/HFT Traders. Each day we show where we closed within the range. Yesterday all indexes closed below pivot to support. Will be updated tomorrow.

Courtesy of Phil Erlanger Research

The Value Lines may be accessed via Bloomberg. For a free trial if you are a Bloomberg user go to APPS CS:ERLA <GO>

Economic & Related:

API Petroleum Data sees Crude Oil build of 1.972 million barrels and Gasoline drew 3.5 million barrels.

MBA Mortgage Applications rose to 8.8% from 1.6% last week.

The latest Trade Deficit fell to $51.15 billion vs estimate of $57 billion

Weekly Crude Oil Inventories are due out at 10:30 a.m. EDT.

$41 Billion of 5 Year Notes auctioned at 1:00 p.m. EDT.

The latest short interest data from the NYSE and NASDAQ is  out through settlement date of March 15th and NYSE rose 2.89% while the NASDAQ rose 1.50%.


President Trump has lunch with the Vice President and presents the Model of Honor at 4:00 p.m. EDT.

Conferences & Analyst Meetings:

Analyst Meetings/Notable Conference Call: SRE (investor day). CATM (investor day). TSG (investor day).

Sellside Conferences:  Credit Suisse Asian Conference. Morgan Stanley Hong Kong Conference. Gabelli & Co. Waste Services Conference. Credit Suisse Retail Consumer Conference.

Industry Conferences: 14th International Conference on Alzheimer’s and Parkinson’s.

 M&A Activity:

Centene (CNC) to buy Wellcare (WCG) for $305.38 a share in cash and stock.

Upgrades & Downgrades:

Pre-Market Movers:

Winners: SCVL +18% WCG +14% ENZ +7% VKTX +7% XHR +7% AXSM +6%.

Losers: CBL -11% CRR -7% VEON -6% CNC -6% ACIA -5%


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