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

Morning Note


Morning Note

"CAPIS Morning Note – 6/13/19 Tankers Attacked In The Strait of Hormuz"

posted by CAPIS on 06/13/2019 at 8:04 am


06/13/2019 at 8:04 am

Interesting Fact Of The Day: Americans averaged 6.3 hours a day on digital media according to Mary Meeker in her yearly tech trends report.

Corporate Actions

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

IPOs on deck for Today:  Flyerr International (FVRR) and Mohawk Group Holdings (MWK)  

Secondaries on deck:  HTGC ICAD LAUR SHSP 

Notes Priced:  

Common Stock filings:  MCRB

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:  RH +0.32, OXM +0.09, TLRD +0.06, LULU +0.04 of note.



News After The Close:

The House Oversight and Reform Committee voted to hold Attorney General William Barr and Commerce Secretary Wilbur Ross in contempt.

Savara (SVRA) announces IMPALA Phase 2 study did not meet endpoints.

Huntington Ingalls (HII) wins a $690 million Navy contract.

Stock Repurchase:  GNTY AER.

Dividend Increase: TGT

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

U.S. futures: S&P +15, Dow Jones +96 NDX +67  and Russell 2000 +9.30 with fair values MIXED. Asia and Europe mixed, click through for details by country.

Gold and silver higher with copper lower. WTI Crude and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury price $127.14 from $126.94  with yields lower since Wednesday morning with the yield at 2.11% from 2.12%. Prices as of 8:25 a.m. EDT.

Top Sectors Wednesday:  Utilities, Conglomerates and Healthcare.

Weakest Sectors Tuesday:  Materials, Financials and Technology.

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:

This week so far 1 hour  positive and 6 were negative. 2:00-3:00 higher for week.

Courtesy of Quantitative Partners, Inc.

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

Today After The Close: AVGO 

Friday Before The Open: CMCM

Earnings This Morning Of Note 

Beat: TUFN +0.01 of note.



Still To Report: 

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

Top Story: Two tankers were attacked in the Strait of Hormuz raising the price of oil. (CNN)

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

Chinese Vice Premier Liu says country will inject more policies to support the economy. (Reuters)

President Trump notes would “listen to a foreign government” if it had dirt on a opponent in the election. (CNN)

Amazon (AMZN) and its Alexa device may recording kids. (Seattle Times)

Netflix (NFLX) will introduce games based on its shows. (Bloomberg)

Data Points

S&P 100 back below its 200 day moving average.

Bold means a change from prior day.

The advance/decline line has improved dramatically and moves to a buy here this morning.

The QPI10 Day Moving Average of Breadth (10DMA) is no longer in cash and moves to invested this morning. For a move to cash from buy, the 10DMA needed to have two days in row above +200.

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:

Weekly Jobless Claims are due out at 8:30 a.m. EDT.

Weekly Natural Gas Inventories are due out at 10:30 a.m. EDT.

Treasury  Auction of $16 billion of 30 Years at 1:00 p.m. EDT.


Conferences & Analyst Meetings:  

Analyst Meetings/Notable Conference Call:  CPB AJG CMCO WCC (investor day)   QUES (conference call)   

Sellside Conferences:  Deutsche Bank db Access Global Consumer  Conference. Goldman Sachs Global Healthcare Conference. Three Part Advisors East Coast IDEAS Conference 2019. Piper Jaffray Midwest Bank Symposium. RBC Fin Tech Conference. CIBC Retail & Consumer Small Cap Forum. Piper Jaffray “Fish & Chips” East Coast Symposium.

Industry Conferences:  Cisco Live 2019. CES Asia 2019. NASDAQ 40th Investor Conference.

M&A Activity

Upgrades & Downgrades

Favorite Upgrades: DLPH and TDOC are both well off highs. Nice upgrades.

Worst Downgrade: CPS as down from $145 to $41.89. Seriously? Downgrade off $100?

Early Morning Gap Up/Down:

Gap Higher: RH +25%, FRO +9%, TIGO +9%, UWT +9%, OXM +8%, LULU +7%, RVLV +5%, DRD +5%.

Gap Lower: SVRA -70%, NEPT -18%, MCRB -16%, PRVB -10%, CONE -7%, LAUR -5%.


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