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

Morning Note


Morning Note

"CAPIS Morning Note -June 20th 10 Year Yield At 2.00% This Morning"

posted by CAPIS on 06/20/2019 at 7:49 am


06/20/2019 at 7:49 am

Crazy Fact Of The Day:  Beyond Meat (BYND) has a market cap that is higher than 80 companies in the S&P 500. (CNBC)

Corporate Actions

IPOs on deck for This Week:  A busy week for IPOs with 8 on deck. Several may trade well above their pricing.

IPOs on deck for Today:  Akero Therapeutics (AKRO), Atreca (BCEL), Dermavant Sciences (DRMT), Grocery Outlet Holding (GO), Prevail Therapeutics (PRVL), Personalis (PSNL) and South Mountain Merger – Unit (SMMCU) .

Direct Listing: Slack (WORK) sets reference price at $26 a share.

Secondaries on deck for Today: GNCA SRRK ZYME of note.   

Notes Priced:  

Common Stock filings: CYRX ELOX LAND SRRK.

Mixed Shelf Offerings filed: 

Convertible Offerings filed: 

Senior Notes Files:

Courtesy of IPO Financial

Earnings After The Close:

Beat: AOBC +0.10, ORCL +0.08 of note.

Flat None of note.

Missed:  SCS -0.03 of note.

News After The Close:

Money laundering investigation into Deutsche Bank (DB) is gaining traction per The New York Times.

Zimmer Biomet (ZBH) CFO to retire in July.

Stock Repurchase:  

Dividend Increase:

Dividend Cut: TWO  

What’s Happening This Morning: 

U.S. futures: S&P +27.50, Dow Jones +228, NDX +100.50  and Russell 2000 +14.60 with fair values LOWER HELPING THE OPEN EX RUSSELL 2000 WHICH IS HIGHER. Asia higher and Europe higher, click through for details by country.

Gold,silver and copper higher. WTI Crude Oil  and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury price $128.06 from $127.27 from with yields lower since Wednesday morning with the yield at 2.011% from 2.084%. Prices as of 8:25 a.m. EDT.

Top Sectors Wednesday:  Healthcare, Utilities and Technology.

Weakest Sectors Tuesday:  Materials lower.

One Month Winners: Utilities, Healthcare and Consumer Goods.

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

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

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:

Mixed action so far this week with 4 hours higher and 3 lower.

Courtesy of Quantitative Partners, Inc.

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

Today After The Close: CGC RHT KFY.

Friday Before The Open: KMX.    

Earnings This Morning Of Note 

Beat:CMC +0.06, CCL +0.05, DRI +0.03 KR +0.01 of note.

Flat: None of note.

Missed: MEI (0.11) of note.  

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

Top News Story Of The  Day: Iran Revolutionary Guard shoots down U.S. drone in International Air Space claims U.S. Iran says was in country. (CNBC)

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

Traders now pricing in 100% chance of rate cut in July. (CNBC)

Bank of England (BOE) holds rates steady. (CNBC)

Bank of Japan (BOJ) runs out of options. (WSJ)

Airbus (EADSY) picked up 206 plane orders at The Paris Air Show and American (AAL) bought 50 planes with value of $3 billion. (LinkedIn Daily Rundown)

Morning Interviews:

Merck (MRK) CEO interviewed on CNBC this morning.

Hedge Fund Titan Leon Cooperman guest on CNBC this morning. 75% invested but 5% higher and he goes to 50%.

Data Points

All indexes continue to be above all moving averages.

Bold means a change from prior day.

The advance/decline line has improved dramatically and moved to a buy last Thursday.

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.

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.

June Philadelphia Fed Index is due out at 8:30 a.m. EDT and is expected to rise to 11.5 from 8.5.

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

May Leading Indicators are due out at 10:00 a.m. EDT and are expected to fall to 0.1% from 0.4%.


President Trump is meeting with the Prime Minister of Canada Justin Trudeau today.

Conferences & Analyst Meetings:  

Analyst Meetings/Notable Conference Call:  MRK TSN NUE BRKR (investor or analyst day)   CACI NXPI (conference call)  

Sellside Conferences:  JMP Life Sciences Conference. Piper Jaffray Annual Heartland Conference.

Industry Conferences:  World Congress on Thyroid Cancer (through 6/22).

M&A Activity

Willdan Group (WLDN) to buy Onsite Energy, no terms.

Mondelez (MDLZ) to buy Perfect Snacks, no terms.

Upgrades & Downgrades

Early Morning Gap Up/Down:

Gap Higher: AOBC +10%, ORCL +6%, GFI +5%.

Gap Lower: SCS-10%,CYRX-8%, SRRK-8%, LAND -5%.

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