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

Morning Note


Morning Note

"CAPIS Morning Note – 7/5/19 Job’s Friday Rise 224,000 Beating Expectations"

posted by CAPIS on 07/05/2019 at 7:37 am


07/05/2019 at 7:37 am

Corporate Actions

IPOs on deck for Today: None of note.

Secondaries on deck for Today:None of note.

Notes Priced: None of note.

Common Stock filings: PBR

Mixed Shelf Offerings filed: 

Convertible Offering Files: 

Courtesy of IPO Financial

Earnings After The Close:

Beat:None of note.

Flat:None of note.

Missed:None of note.

News After The Close:

Baker Hughes (BHGE) Weekly Rig Count moves to 963 (-4).

President Trump nominates Christopher Waller and Judy Shelton to the Federal Reserve Board of Governors.

Stock Repurchases Announced: PFBC 

What’s Happening This Morning: Going forward the futures value reflects the change with fair value. We will still indicate the fair value direction.

U.S. futures: S&P -3.50, Dow Jones -19, NDX -9  and Russell 2000 -2.40 with fair values lower.  Asia mixed  and Europe lower, click through for details by country.

Gold, silver and copper lower. WTI Crude Oil lower  and Brent Oil Futures higher. Natural Gas is higher. $ is higher vs Euro, Pound and Yen. US 10 year Treasury price $128.14  with yields at 1.96%. Prices as of 8:32 a.m. EDT.

Top Sectors Wednesday:  Consumer Goods, Conglomerates, Healthcare and Utilities.

Weakest Sectors Wednesday: None of note.

One Month Winners: Technology, Services and Consumer Goods.

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

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

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

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

Hourly Action This  Week:

Last week we  saw selling in 4 hours and same this week. Updated through Wednesday close.

Courtesy of Quantitative Partners, Inc.

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

Today After The Close: None of note.

Monday Before The Open: AZZ   

Earnings This Morning Of Note 

Beat: None of note.

Flat: None of note.

Missed: None of note.

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

Top News Story:  Preview of June job’s report. (CNBC)

Five Things You Need To Know To Start Your Day  (Bloomberg) Topics include Job’s Friday and preview. Big Deutsche Bank (DB) job cuts coming. Lasting trade peace difficult. Markets mixed.

President Trump delivered a unifying message in his 4th of July speech, surprising critics. (CNN)

Sudan’s pro-democracy movement may have come to an end in a deal sharing agreement between the military and opposition group. (CNN)

California had a 6.4 earthquake making it the biggest earthquake in 20 year with 159 aftershocks and counting. (CNN)

Bond yields hit new lows in front of job’s data. (CNBC)

China reiterates that all tariffs must be removed. (Bloomberg)

Data Points

All indexes remain above their moving averages.

Bold means a change from prior day.

The advance/decline line has improved dramatically and moved to a buy on 6/13. Updated through 7/3/19 close. The buy remains intact. Year to date model up 12.69% on the S&P 500. 3 buy signals and 3 cash signals.

The QPI10 Day Moving Average of Breadth (10DMA) is no longer in cash and moved to invested on 6/13/19.

Courtesy of Quantitative Partners, Inc.

YTD  71% (+2% week over week) of stocks are higher and 29% are lower. Updated 6/28/19 close with next update on 7/5/19 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. Update through Wednesday close. We have been seeing strength since last Thursday.

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:

June Nonfarm Payrolls  out at 8:30 a.m. EDT and were expected to rise to 147,000 from 90,000. Actual 224,000. Small downward revisions for May and April.

The June Unemployment Rate is expected to remain at 3.6%.


President Trump heads to Trump National Golf Club in Bedminster, NJ for the weekend.

Sunday sees Greece hold snap elections.

Conferences & Analyst Meetings:  

Analyst Meetings/Notable Conference Call: None of note.

Sellside Conferences:  None of note.

Industry Conferences:  International Society on Thrombosis  and Haemostatis Congress 2019.

M&A Activity

Northstar Realty Europe (NRE) to be acquired by AXA Investment Managers – Real Assets for $17.03.

Upgrades & Downgrades:

Early Morning Gap Up/Down:

Gap Higher: KPTI +16%, AVGR +7%.

Gap Lower: RIO -4%, BBL -4%, BHP -4%.

About the Author

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