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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 -9/17/19 Trade Deal With Japan?"

posted by CAPIS on 09/17/2019 at 7:57 am

by CAPIS

09/17/2019 at 7:57 am

Corporate Actions 

IPO News: WeWork (WE) shelves IPO for now. Will try to bring back at year end.

IPOs on deck: Six IPOs of note due this week including Datadog (DDOG) and Ping Identity Holding (PING).

IPOs Filed:  None filed after the close.

Secondaries on deck: ATH SHOP of note.

Notes Priced:  Apex Technology Acquisition -Unit.

Common Stock filings: FNKO SHOP OPRA of note.

Mixed Shelf Offerings filed:None 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.

Missed:

 None of note

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

Cheniere Energy (LNG) and EOG Resources (EOG) agree on long term gas supply agreement.

SeaWorld Entertainment (SEAS) CEO resigns effective immediately, current CFO to become CEO.

Leidos (LDOS) wins $428 million task order from U.S. Army.

FedEx (FDX) to increase rates in January of 2020.

Dril Quip (DRQ) terminates Ca Rong Do project.

Accelron Pharmaceutical (XLRN) announce that Phase 2 Trial of ACE-083did not achieve secondary endpoints.

Stock Repurchase: KLAC.

Dividend Increase: KLAC MAS.

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

Gap Higher: SBGL +4.2%.

Gap Lower: BBCP -9%, GLW -9%, FNKO -8%, XLRN -7%, DRQ -6%, SHOP -5%.

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

S&P 500 -5 Dow Jones Industrial Average -75 NASDAQ -13 Russell 2000 -6.5. Fair values are higher. Asia mixed. Europe mixed.

Gold higher, silver and copper lower. WTI Crude Oil  and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $129.25 from $129.09 with yields at 1.81%from 1.833%. Prices as of 8:45 a.m. EDT.

Positive Sectors On Monday: Materials, Energy and Utilities.

Negative Sectors On Monday: Services, Consumer Goods and Financials.

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 Monday close.

Courtesy of Quantitative Partners, Inc.

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

Today After The Close: None of  note.

Wednesday Before The Open: None of note.

Earnings This Morning Of Note  

Beat: 

APOG +0.09 

Missed:

None of note.

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

Wall Street Journal Main Headline: International Panel to Rebuke FAA Over 737 MAX Approval.

Top Story of the Day:  President Trump says U.S. has reached deal with Japan on trade and digital trade. (Bloomberg)

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

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

Stocks on the move. (CNBC)

U.S. points finger at Iran in the Saudi drone attacks but moves cautiously. (CNN)

Israel tries to form a coalition government today with elections. (NYT)

Former Trump Campaign Manager Corey Lewandowski to testify to Congress today. (NYT)

Trump Administration seeks to change bank rules on swap trades. (Bloomberg)

Deputy Level Chinese Officials due in Washington D.C. on Thursday to meet on trade. (Reuters)

WeWork (WE) to postpone IPO. (WSJ)

Corning (GLW) lowers outlook for Dipslay Technologies and Optical Communications sales.  (GlobalNewswire)

3G Capital sells 9.3% of Kraft Heinz (KHC). (Investors Business Daily)

Anheuser Busch InBev (BUD) will relaunch Hong Kong IPO. (Bloomberg)

Data Points

Stock indexes are in good shape but several broke under their 5 day moving average.

Bold means a change from prior day.

The advance/decline line moved to a buy on the close of 8/29. Updated through 9/16/19 close. Year to date model up 9.93% 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  67% (+6% week over week) of stocks are higher and 33% are lower. Updated 9/13/19 close with next update on 9/20/19 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 Monday’s close.

Courtesy of Phil Erlanger Research

The Value Lines may be accessed via Bloomberg. For a free trial if you ar a Bloomberg user go to APPS CS:ERLA

Economic & Related:

Geopolitical:

President Trump will depart New Mexico and head to California for a day of campaigning.

The Reserve Bank of Australia (RBA)  out with its latest minutes last night and left door open to additional cuts.

Conferences & Analyst Meetings:   

Company Analyst Meetings and Conference Calls:  BL ZS RMBS KN CACI MAS VMC KLAC  MCFT (investor day)  RBNC EAST (conference call) CYCN (investor event)

Sellside Conferences: Goldman Sachs Communicopia Conference. Bank of America Merrill Lynch Healthcare Conference.

Industry Conferences: Denver Gold Forum.  Grocery Shop 2019. SEMICON Taiwan.

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.