New!
09.20.2019 14 new International Summary posts under Morning Note (10) and International Summary (4)

Morning Note

News

Morning Note

"CAPIS Morning Note – 8/19/19 Commerce Department Extends Huawei Deadlines"

posted by CAPIS on 08/19/2019 at 8:00 am

by CAPIS

08/19/2019 at 8:00 am

Corporate Actions 

IPOs on deck: None of note.

IPOs Filed:  None of note this morning.

Secondaries on deck:None of note.

Notes Priced:   None of note.

Common Stock filings: None of note.

Mixed Shelf Offerings filed:   MFA SNV MBIO of note.

Convertible Offering Files:   None of note.

Senior Notes Filed: None of note.

Courtesy of IPO Financial

Earnings After The Close: 

Beat:

None of note.

Flat:

None of note.

Still to Report: None of note.

News After The Close: (In time order after the close)

TEGNA (TGNA) spiked on rumors of private equity interest in the company.

U.S. Treasury weights selling 50 and 100 year bond. (Bloomberg)

Nelson Petz’s Trian Partners lowers Wendy’s (WEN) stake by 2 million shares.

Stock Repurchase:  

Dividend Increase: WLK of note.

Early Morning Gap Up/Down: (>4% or <-4%)

Gap Higher:  NBRV +7%, WB +7%, SINA +6%, QIWI +6%, EL +5%, PERI +5%.

Gap Lower: GFI -4%, FSM -4%.

What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  Futures are all over the place this morning as early were higher, then lower and now higher again.

U.S. futures: S&P +34  Dow Jones +314  NDX +104  and Russell 2000 +17 with fair values mixed with minimal impact on the open. Asia and Europe higher, click through for details by country.

Gold and silver lower with copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is lower. $ is lower vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $130.44 from $130.42 with yields at 1.605% from  1.544%. Prices as of 8:55 a.m. EDT.

Positive Sectors On Friday: Industrial Goods, Services, Consumer Goods and Technology.

Negative Sectors On Friday: None of note.

One Month Winners: Conglomerates.

Three Month Winners: Utilities, Healthcare and Consumer Goods.

Six Month Winners: Conglomerates, Utilities, Consumer Goods.Technology and Services.

Twelve Month Winners: Utilities and Technology.

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

Hourly Action This  Week:

Updated through Friday close. The week was a struggle.

Courtesy of Quantitative Partners, Inc.

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

Today After The Close:  BIDU IQ FN  of  note.

Tuesday Before The Open: HD MDT TJX SE KSS MSG PINC SFL PLAB PPDF SDRL CMCM of note.

Earnings This Morning Of Note  

Beat: 

SINA +0.25, EL +0.10, WB +0.08 of note.

Flat:  None of note.

Missed:

 None of note.

 Yet to Report: MDP.

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

Top News Story:  Commerce Department Secretary Wilbur Ross interviewed on Fox Business notes that adds 46 more Huawei subsidiaries to entity list that cannot import to the U.S., U.S. deadline extended by 90 days to 11/19/19. (Fox Business News)

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

People’s Bank of China (PBOC) looking to reduce financing costs for businesses. (WSJ)

German Finance Minister Olaf Scholz notes that Germany could spend 50 billion Euro if economic issues. (Bloomberg)

Iran warns U.S. not to cease Iranian oil tanker on way to Greece. (Bloomberg)

Data Points

Stocks recovered on Friday and there was nice improvement.

Bold means a change from prior day.

The advance/decline line moved to cash on the close of 8/5. Updated through 8/15/19 close. Year to date model up 7.48% on the S&P 500. 3 buy signals and 3 cash signals in 2019. The recent buy lost -1.23%. Cash is working here.

Courtesy of Quantitative Partners, Inc.

YTD  63% (-3% week over week) of stocks are higher and 37% are lower. Updated 8/9/19 close with next update on 8/16/19 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 Friday’s close.

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:

No economic data due to today.

Geopolitical:

President Trump will have a quiet day as the only scheduled event is his Daily Intelligence Briefing.

Conferences & Analyst Meetings:   

Company Analyst Meetings and Conference Calls: SAP (at UBS Philippines Corporate Day)

Sellside Conferences: UBS Philippines Corporate Day.

Industry Conferences: 

M&A Activity:

PolyOne (POL) to sell Performance Products & Solutions business to SK Capital Partners for $775 million in cash.

Empire Resorts (NYNY) to be acquired for $9.74 a share in cash by Kien Huat Realty III Limited and Genting Malaysia Berhad.

DryShips (DRYS) to be acquired by a company controlled by its Chairman and CEO George Economou for $5.25 a share in cash.

Upgrades & Downgrades:

About the Author

[Author info unavailable]

Subscribe to Stay Informed

Stay informed by subscribing to information that matters to you. We'll email you when we post new content you want to see.


DISCLAIMER

This communication is for informational purposes only and is solely intended for use by institutional investors. Use of this communication by others, including retail investors, is prohibited. No statement herein is to be construed as a recommendation to purchase or sell a security, or to provide investment advice. Certain products, including options and futures, may involve substantial risk and are not suitable for all investors. The information on this webpage is provided by an independent third party. While the information and opinions presented in this material have been obtained or derived from sources believed by Capital Institutional Services, Inc. (CAPIS) to be reliable, CAPIS makes no representations concerning its accuracy or completeness, and accepts no liability for loss arising from the use of this material.