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11.21.2019 10 new Morning Note posts under Morning Note (9) and General (1)

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Morning Note

"CAPIS Morning Note – 10/11/19"

posted by CAPIS on 10/11/2019 at 7:50 am

by CAPIS

10/11/2019 at 7:50 am

Breaking News   

Corporate Actions

IPOs on deck: HBT Financial (HBT) and VIR Biotechnology (VIR).

IPOs Filed: None filed after the close.

Secondaries on deck: AQN of note.

Notes Priced: None of note.

Common Stock filings: None of note.

Mixed Shelf Offerings filed:  EQT 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)

Alaska Air (ALK) sees traffic rise +6.4%.

Synaptics (SYNA) names Dean Butler as CFO as of 10/21.

JELD-WEN (JELD) guides below Q3 consensus.

President Trump notes trade talks went well. (CNBC)

Kohl’s (KSS) CFO Bruce Besanko to retire and replaced by Jill Timm.

SAP CEO Bill McDermott to step down. Company guides higher.

Stock Repurchase: 

Dividend Increase: SIRI POL TGE

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

Gap Higher: LYG +10%, SAP +8%, SLB +7%, ROKU +6%, TLRY +5%, APPN +5%, HSBC +4%, SAVE +4%

Gap Lower: XONE -21%, JELD -10%, AMRS -8%

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

S&P 500 +32 Dow Jones Industrial Average +294 NASDAQ +93 Russell 2000 +23.24 Fair values are mixed. Asia and Europe higher.

Gold and silver lower with copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is flat. $ is lower vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $130.28 from $131.39 with yields at 1,712% from 1.587% . Prices as of 8:40 a.m. EDT.

Positive Sectors On Thursday: Materials, Energy, Industrials, Financials and Services of note.

Negative Sectors On Thursday: Utilities.

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 Wednesday’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.

Monday Before The Open:  of note.

Earnings This Morning Of Note

Beat:

 INFY +0.06, FAST +0.01  of note.

Missed:

None of note.

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

Top Story: Iranian Oil Tanker was hit by two missiles and they claim the missiles came from Saudi Arabia but that is not confirmed. (NYT)

Wall Street Journal Headline: Bankers Expected to Value Aramco Well Below Saudis $2 Trillion Goal.

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 In After Hours  (CNBC)\

President Trump attacks former Vice President Joe Biden and other Democrats using crude language. (NYT)

Multiagency task force find fault with Boeing (BA) and the F.A.A. over the 737 Max crashes. (NYT)

British Prime Minister Boris Johnson and Irish Prime Minister Leo Varadkar suddenly see a pathway to Brexit. (CNN)

Data Points

Stock indexes improved markedly yesterday. Current through 10/10.

Bold means a change from prior day.

The advance/decline line moved to a cash yesterday morning. Updated through 10/10. 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 60% (-3% week over week) of stocks are higher and 40% are lower. Updated 10/4/19 close with next update on 10/11/19 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 10/10.

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:

October University of Michigan Consumer Sentiment is due out at 10:00 a.m. EDT and is expected to fall to 89.9 from 93.20.

Geopolitical:

President Trump will meet with Chinese Vice Premier Liu He at 2:45 p.m. EDT in the Oval Office. Afterwards depart to Louisiana for a political rally at 8:00 p.m. EDT.

Chinese Trade Talks between Treasury Secretary Mnuchin, U.S. Trade Representative Lighthizer and Chinese Vice Premier Liu He continue.

Conferences & Analyst Meetings:

Company Analyst Meetings and Conference Calls: SAP EAST BURG JELD (Conference Call) WEN (Investor Day)

Sellside Conferences: None of note.

Industry Conferences:  American Academy of Ophthalmology Annual Meeting (10/10-10/15). Global Site Solutions Summit (10/11-10/13)

M&A Activity:

Upgrades & Downgrades:

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