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

Morning Note


Morning Note

"Morning Note -4/5/19"

posted by CAPIS on 04/05/2019 at 7:32 am


04/05/2019 at 7:32 am

Corporate Actions

IPOs on deck for This Week: 5 IPOs for this week

IPOs on deck for Today:

Secondaries on deck: BZUN OTLK 

Notes Priced:

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

Announcements For Secondary Filings & Financings:   SYRS common stock offering.  WTRH ANH files mixed shelf offering. SYRS files preferred offering.

Courtesy of IPO Financial

Earnings After The Close


Missed: DLTH (0.11)

Lower Guidance: DLTH

News After The Close

U.S. and China Trade Deal is about 4 weeks away claims President Trump with a papering of the deal 2 weeks later.

Meredith (MDP) to ammend 10K from 2018 over internal control issues.

Cognex (CGNX) CFO John Curran to resign as of 5/3.

Novartis (NVS) details dispute of Amgen (AMGN) over migraine collaboration agreements.

Accleron Pharmaceuticals (XLRN) ends development of Phase 1 molecule ACE-294.

Southwest Airlines (LUV) reaches agreement with Aircraft Mechanics Fraternal Association over 2,400 mechanics and employees.

Owens-Illinos (OI) names John Haudrich as CFO.

The Washington Post suggests that Boeing (BA) has additional software problems.

Stock Repurchase: HMST

Index Changes: Semtech (SMTC) and PS Business Parks (PSB) to join S&P 400 MidCap while Boot Barn Holdings (BOOT) to join S&P SmallCap 600.

Hourly Action This Past Week:

Negative periods for the week are 9:30 to 10:00 a.m. EDT and 12:00 p.m. to 1:00 p.m. EDT.

Courtesy of Quantitative Partners, Inc.

What’s Happening This Morning: Futures on the S&P 500 dropped slightly until 8:00 p.m. EDT and have been rising. That said , the range is rather narrow, 6 points.

U.S. futures: S&P +3, Dow Jones +25, NDX +11.50 and Russell 2000 +1.50 with fair values HIGHER HURTING THE OPEN. Asia mixed and Europe mixed, click through for details by country.

Gold lower with silver and copper lower. WTI Crude and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury price $123.64 from $123.477 with yields higher since Wednesday morning with the yield at 2.537% from 2.503% . Prices as of 8:15 a.m. EDT.

Top Sectors Thursday: Industrials, Materials, Consumer Goods and Services.

Weakest Sectors Thursday: Healthcare, Technology and Utilities.

One Month Winners: Technology, Consumer Goods, Services, Materials and Utilities.

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

Six Month Winners: Utilities, Conglomerates and Technology.

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

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

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

Today After The Close: None of note.

Monday Before The Open: FRAN LNN SJR.

Earnings This Morning Of Note

Flat: GBX

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

Top Story: Job Friday. What economists are saying. (Bloomberg)

Five Things You Need To Know To Start Your Day. (Bloomberg)

U.K. Prime Minister Theresa May seeks another Brexit extension to June 30. (WSJ)

Amazon (AMZN) gaining on Google (GOOGL) in ad sales. (WSJ)

Could Friday Jobs Report eliminate recession fears? (CNBC)

Data Points

We are changing the comments on the various moving averages to a table. The only negative moving average now is the Russell’s 200 day moving average.

Yesterday saw 1859 stocks rise and 1010 fall on the NYSE. NASDAQ saw 1744 rise and 1330 fall.

The QPI10 Day Moving Average of Breadth (10DMA) is invested on the open from cash Friday morning 3/22. For a move to cash from buy, the 10DMA needed to have two days in row above +200. We remain with a buy as our 10 day moving average remains above -200.

Courtesy of Quantitative Partners, Inc.

YTD 80% (+3% week over week) of stocks are higher and 20% are lower. Updated 3/29/19 close with next update on 4/5/19 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. This week has  all indexes average resistance to pivot, a good week.

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

Economic & Related:

March Nonfarm Payrolls is due out at 8:30 a.m. EDT and is expected to rise to 170,000 from 20,000. The unemployment rate is expected to remain at 3.8%.

President Trump Meets Chinese Vice Premier Liu, concludes three days of trade talks.

Conferences & Analyst Meetings:

Federal Reserve Atlanta President Raphael Bostic will speak at 3:30 p.m. EDT.

Analyst Meetings/Notable Conference Call: None of note.

Sellside Conferences:  Jefferies 6th Annual IO Cell Therapy Summit.

Industry Conferences:  Global Retail Conference.

 M&A Activity

Triumph Group (TGI) hires Citigroup as advisor to seek strategic alternatives for its aerospace structures business.

IBM to sell their marketing platform and commerce software offerings to Centerbridge , no terms.

HomeStreet (HMST) sells home loan center based mortgage origination business.

Upgrades & Downgrades

Pre-Market Movers:

Winners: CCS +7%, BOOT +6%, TGI +5%

Losers: SYRS -25%, DLTH -17%, MACK -13%, AXGT -6%


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