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10.15.2019 14 new posts under Morning Note (10), CAPIS Headlines (3), International Summary (1)

Morning Note

News

Morning Note

"CAPIS Morning Note -9/13/19 Retail Sales Slow in August Up 0.1%"

posted by CAPIS on 09/13/2019 at 7:38 am

by CAPIS

09/13/2019 at 7:38 am

Corporate Actions 

IPO News: We Company (We) amends IPO prospectus.

IPOs on deck: SpringWorks Therapeutics (SWTX), Satsuma Pharma (STSA), Experience Investment Unit (EXCPU) as well Cloudflare (NET) of note.

IPOs Filed:  None filed after the close.

Secondaries on deck: ALRS MCF  of note.

Notes Priced: UBER HSKA RH BEST of note.

Common Stock filings:   ERII CDXC of note.

Mixed Shelf Offerings filed: ERII of note.  

Convertible Offering Files: None of note.

Senior Notes Filed:  None of note.

Courtesy of IPO Financial

Earnings After The Close: 

Beat:

AVGO +0.03 of note.

Missed:

 None of note

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

Alaska Air (ALK) saw August traffic up 4.6%.

MDC Holdings (MDC) sees new home orders up 63%.

Park Hotels & Resorts (PK) to join S&P 400 and Inogen (INGN) to join S&P 600.

Stock Repurchase: BKU

Dividend Increase: VICI

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

Gap Higher: VNCE +22%, CPRX +10%, +7%, MDLA +5%, VRAY +5%, PK +4%.

Gap Lower: PCYG -15%, ERII -12%, ARDX -6%

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

S&P 500 +9 Dow Jones Industrial Average +109 NASDAQ +26 Russell 2000 +1. Fair values are higher except for the Russell 2000. Asia mostly higher. Europe mixed.

Gold, silver and copper higher. WTI Crude Oil lower  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 is at $129.42  from $130.17 with yields at 1.78% from 1.688%. Prices as of 8:45 a.m. EDT.

Positive Sectors On Thursday:Financials, Consumer and Services.

Negative Sectors On Thursday:  Healthcare and materials.

One Month Winners: Industrials, Consumer Goods, Services and Financials.

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

Six Month Winners: Consumer Goods, Industrials, Conglomerates and Services.

Twelve Month Winners: Utilities, Technology, Consumer Goods and Conglomerates.

Year to Date: Conglomerates, Technology, Services, Consumer Goods and Industrials.

Hourly Action This  Week:

Updated through Thursday 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:  None of note.

Earnings This Morning Of Note  

Beat: 

None of note.

Missed:

 None of note.

 Yet to Report: 

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

Wall Street Journal Main Headline: China Seeks to Narrow Talks With U.S. to Ease Trade Rift

Top Story of the Day: Could Prime Day in July result in negative August Retail Sales. (CNBC)

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

Five Things To Know Before The Market Opens Today. (CNBC)

Vietnam Central Bank cut interest rates. (Bloomberg)

China exempts more ag products from tariffs. (CNBC)

Treasury Secretary Steven Mnuchin looks to issuing a 100 year bond. (NYT)

Democratic Debate transcript. (ABC Transcript)

Data Points

Stock indexes are in good shape.

Bold means a change from prior day.

The advance/decline line moved to a buy on the close of 8/29. Updated through 9/10/19 close. Year to date model up 10.36% on the S&P 500. 4 buy signals and 3 cash signals in 2019. Cash has worked in August as we missed the volatility and now we are back to a buy.

Courtesy of Quantitative Partners, Inc.

YTD  61.26% (+1.59% week over week) of stocks are higher and 38.33% are lower. Updated 9/9/19 close with next update on 9/13/19 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 Thursday’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:

August Retail Sales are due out at 8:30 a.m. EDT and expected to fall to 0.2% from 0.8%.

September University of Michigan Consumer Sentiment is due out at 10:00 a.m. EDT and expected to rise to 90.2 from 89.8.

Geopolitical:

President Trump will have a quiet day as receives his intelligence briefing and then in the afternoon meets with the Secretary of Defense.

Conferences & Analyst Meetings:   

Company Analyst Meetings and Conference Calls:  (investor day)   XERS  ATRA (conference call)

Sellside Conferences: Morgan Stanley Laguana Conference.

Industry Conferences: 

M&A Activity:

Upgrades & Downgrades:

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.