09.23.2022 11 new Morning Note posts under Morning Note (10) and CAPIS Insights (1)

Morning Note


Morning Note

"CAPIS Morning Note – 6/12/19 Watch Hong Kong Protests Closely"

posted by CAPIS on 06/12/2019 at 7:54 am


06/12/2019 at 7:54 am

Corporate Actions

IPOs on deck for This Week:  We now head into summer trading for IPOs.

IPOs on deck for Today:  Mohawk Group Holdings (MWK) and CrowdStrike Holdings (CRWD)  of note.

Secondaries on deck:  SMAR AAT GTLS of note.

Notes Priced: VOYA ZNGA of note.

Common Stock filings:  None of note. Mixed Shelf Offerings filed: None of note. Convertible Offerings filed: None of note. Senior Notes Files: None of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat: None of note.

Flat: None of note.

Missed:  PLAY (0.01) of note.

News After The Close:

MagnaChip Semi (MX) raises Q2 revenue and gross margin guidance.

Dassault (DASTY) rumored to be close to buying Medidata Solutions (MDSO).

Interpublic (IPG) CFO will retire at year end.

Hedge Fund Investor Bill Ackman lays out concerns on UTX/RTN deal.

Mattel (MAT) rumored to turn down deal from MGA Entertainment.

Citi Trends (CTRN) CEO Bruce Smith resigns.

Stock Repurchase: 

Dividend Increase: 

What’s Happening This Morning: Futures on the S&P 500 

U.S. futures: S&P -8, Dow Jones -74 NDX -35  and Russell 2000 -3.10 with fair values MIXED. Asia and Europe mixed to lower, click through for details by country.

Gold and silver higher with copper lower. WTI Crude and Brent Oil Futures lower. Natural Gas is higher. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury price $126.94 from $126.56 with yields lower since Tuesday morning with the yield at 2.12% from 2.169%. Prices as of 8:25 a.m. EDT.

Top Sectors Tuesday:  Materials, Services and Consumer Goods.

Weakest Sectors Tuesday:  Conglomerates, Industrials and Healthcare.

One Month Winners: Utilities and Healthcare.

Three Month Winners:  Consumer Goods, Conglomerates, Services and Financials.

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

Twelve Month Winners: Utilities, Healthcare and Services.

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

Hourly Action This  Week:

Last week 4 hours were positive and 3 were negative. 3:00-4:00 higher for week.

Courtesy of Quantitative Partners, Inc.

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

Today After The Close: LULU OXM RH TLRD of note.

Thursday Before The Open: CODA DLTH MPAA TUFN of note.

Earnings This Morning Of Note 

Beat: None of note.

Flat: None of note.

Missed:   None of note.

Still To Report: of note.

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

Top Story: Protests in Hong Kong are front and center as its citizens protest any effort by China to take citizens to the mainland. (NYT)

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

President Trump signs Executive Order that modernizes regulatory framework from ag biotech products.

Google (GOOGL) to move some production out of China. (Bloomberg)

Former Vice President Joe Biden want to tax Amazon (AMZN) (The Washington Post)

Data Points

Continued improvement.

Bold means a change from prior day.

The adline/decline line is not able to move to a buy here yet.

The QPI10 Day Moving Average of Breadth (10DMA) is no longer invested  and moved to cash on May 8th close. For a move to cash from buy, the 10DMA needed to have two days in row below -200.A change may be in the offing as the 10 DMA is now at +159.

Courtesy of Quantitative Partners, Inc.

YTD  70% (+6% week over week) of stocks are higher and 30% are lower. Updated 6/7/19 close with next update on 6/14/19 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. Strong week and Monday.

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:

API Petroleum Institute reported its weekly data on Crude Oil and Gasoline at 4:30 p.m. EDT yesterday and Crude Oil rose 4.852 million barrels and Gasoline 0.829 million barrels.\

MBA Mortgage Applications rose 26.8% and were out at 7:00 a.m. EDT.

May CPI is due out at 8:30 a.m. EDT and is expected to drop to 0.1% from 0.3%.

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

Treasury  Auction of $24 billion of 10 Years at 1:30 p.m. EDT.

The latest short interest data from NYSE and NASDAQ is out and NYSE and NASDAQ and rose 2.59% and 3.04%.


President Trump meets with the President of Poland today.

Conferences & Analyst Meetings:  

Analyst Meetings/Notable Conference Call:   LNC CTXS STN (investor day)  ZIOP (conference call)   

Sellside Conferences:  Stifel Inaugural Cross Sector Insight Conference.  Deutsche Bank db Access Global Consumer  Conference. Wells Fargo West Coast Energy Conference. Goldman Sachs Global Healthcare Conference. SunTrust Robinson Humphrey 2nd Annual Midstream Summit. Three Part Advisors East Coast IDEAS Conference 2019.

Industry Conferences:  Cisco Live 2019. CES Asia 2019.

M&A Activity

PBF Energy (PBF) to buy Martinez refinery from Equilon Enterprises.

Dassault (DASTY) to buy Medidata Solutions (MDSO) for $92.50 in cash.

Early Morning Gap Up/Down:

Gap Higher: MX +26%, MAT +10%, SYBX +5%, CBAY +5%. 

Gap Lower: PLAY -20%, KRNT -5%, MDSO -4%.

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