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11.12.2019 11 new Morning Note posts under Morning Note (9), General (1), International Summary (1)

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Morning Note

"CAPIS Morning Note -10/9/19 Let’s Make A Deal"

posted by CAPIS on 10/09/2019 at 7:56 am

by CAPIS

10/09/2019 at 7:56 am

Breaking NewsAmerican Airlines (AAL) to delay return of Boeing (BA) 737 Max to mid January from mid December.

Corporate Actions

IPOs on deck: Three IPOs on deck for this week.

IPOs Filed: None filed after the close.

Secondaries on deck: DBVT of note.

Notes Priced: None of note.

Common Stock filings: DBVT LOOP 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:

LEVI +0.03 of note.

Missed:

None of note

Flat:

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

NASDAQ (NDAQ) saw equity options trade 133 million contracts versus 157 million in August and 126 million in September of 2006.

Fire Eye (FEYE) sees revenues at the high end of its Q3 range, as it held its analyst day.

White House announces will not cooperate in the impeachment inquiry.

U.S. Steel (X) CFO to resign and to be replaced by Christine Breves

Johnson & Johnson (JNJ) to pay $8 billion in Risperdal verdict.

Stock Repurchase: AZO

Dividend Increase: LAND IP

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

Gap Higher: BKD +7% FEYE +6%.

Gap Lower: DBVT -7% IRBT -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 +25 Dow Jones Industrial Average +204 NASDAQ +75 Russell 2000 +15.9 Fair values are lower. Asia mixed and Europe higher.

Gold and silver higher with copper higher as well. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is lower. $ is lower vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $131.50 from $131.80 with yields at 1.55% from 1.527%. Prices as of 8:40 a.m. EDT.

Positive Sectors On Tuesday: None of note.

Negative Sectors On Tuesday: Technology, Healthcare and Industrials of note.

One Month Winners: Utilities, Consumer Goods, Materials and Financials.

Three Month Winners: Utilities and Consumer Goods.

Six Month Winners: Utilities, Consumer Goods and Financials.

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

Year to Date: Consumer Goods, Industrials and Utilities.

Hourly Action This Week:

Updated through Tuesday’s close. Mixed action.

Courtesy of Quantitative Partners, Inc.

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

Today After The Close: None of note.

Thursday Before The Open: DAL ISCA OMN of note.

Earnings This Morning Of Note

Beat:

None of note.

Missed:

 None of note.

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

Top Story: China seeks a partial deal where U.S. stops tariffs if ag purchases return to normal. (Bloomberg)

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

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

Stocks Making The Biggest Moves. (CNBC)

China Global Times reports that the Chinese delegation will work through Friday and go home late Friday night.

Turkey begins to move troops into Syria. (CNN)

Saudi Arabia back to full production in late November. (CNBC)

OECD proposed global taxes on large tech companies. (FT)

Sexually Transmitted Diseases (STDs) have risen for a fifth year in a row. (CNN)

Data Points

Stock indexes have struggled this week. Current through 10/8.

Bold means a change from prior day.

The advance/decline line moved to a cash yesterday morning. Updated through 10/8. Year to date model up 8.73% on the S&P 500. 4 buy signals and 4 cash signals in 2019. The model is now in cash with a gain of 1.28% on the recent buy.

YTD 63% (-3% week over week) of stocks are higher and 37% are lower. Updated 9/27/19 close with next update on 10/4/19 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 Tuesday’s close.

Courtesy of Phil Erlanger Research, Inc.

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:

API Petroleum Institute Data saw as build of 4.1 million barrels.

MBI Mortgage Applications rose 5.45%.

September CPI is due out at 8:30 a.m. EDT and is expected to remain at 0.1%.

The latest Weekly Crude Oil Inventories are due out at 10:30 a.m. EDT.

The latest NYSE and NASDAQ short interest data is due out after the close for the period ended September 30th on a settlement date basis. The collection period runs from September 11th through 26th and the S&P 500 fell -0.78%. Thursday, October 10

Geopolitical:

President Trump will sign an Executive Order at 3:15 p.m. EDT.

Federal Reserve Chairman Jerome Powell speaks at 11:00 a.m. EDT.

$24 billion of 10 Years auctioned at 1:00 p.m. EDT

Conferences & Analyst Meetings:

Company Analyst Meetings and Conference Calls:  RRD (Engineering Day)

Sellside Conferences: None of note.

Industry Conferences: FireEye (FEYE) Cyber Defense Summit (10/7-10/10). International Congress on Applications of Lasers and Electro-Optics (10/7-10/10).

M&A Activity:

Upgrades & Downgrades:

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