IPOs on deck: Merida Merger Unit to be priced today.
IPOs Filed: None filed after the close.
Secondaries: None of note.
Notes Priced: None of note.
Common Stock filings: DTE of note.
Mixed Shelf Offerings filed: of note.
Convertible Offering Files: WGO of note.
Senior Notes Filed: None of note.
Earnings After The Close:
RE +1.17, SBAC +0.28, JBT +0.20, OMF +0.19, VRNS +0.18, XPO +0.16, AMKR +0.15, VNO +0.15, AKAM +0.10, TBI +0.10, LEG +0.09, CVCO +0.09, INST +0.08, SSB +0.07, PCH +0.07, SSD +0.07, BLKB +0.06, TXRH +0.06, NBTB +0.06, APPF +0.05, EHC +0.04, TCF +0.04, HLIT +0.04, CGNX +0.04, SANM +0.04, TREX +0.04, TMUS +0.03, GDI +0.03, BRX +0.02, WCN +0.02, BYND +0.02, OFC +0.01, TRTX +0.01, WELL +0.01, HTLF +0.01 of note.
GOOG (2.59), NXPI (1.55), NOV (0.76), WIRE (0.22), CR (0.13), OFIX (0.10), AROC (0.05), AVB (0.01), ARE (0.01), GRUB (0.01), OI (0.01), ROIC (0.01), RIG (0.01) of note.
BRO +0.00, HTA +0.00, MEDP +0.00, OGS +0.00 of note.
News After The Close & Over The Weekend
USTR Office may extend tariffs on $34 billion of Chinese goods.
PG&E (PCG) could turn out the lights on 2 million customers due to fires in California.
Dividend Increase: WCN
Early Morning Gap Up/Down: (>4% or <-4%)
Gap Higher: MRTX +23%, AMKR +18%, VRNS +15%, TXRH +13%, FG +8%, TALO +7%, HLIT +7%, NXPI +5%, LDOS +5%, XRX +4%.
Gap Lower: GRUB -36%, SANM -16%, BYND -13%, OFIX -13%, OI -12%, CR -11%, XNET -10%, HEXO -7%, TREX -4%, GDI -4%, CGNX -4%.
What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.
S&P 500 -3 Dow Jones Industrial Average -28 NASDAQ -15 Russell 2000 -1.33. Fair values are mixed. Asia mixed and Europe lower.
Gold, silver and copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $129.28 from $129.27 with yields at 1.83% from 1.78%. Prices as of 8:55 a.m. EDT.
Positive Sectors On Monday: Technology, Healthcare and Services of note.
Negative Sectors On Monday: Utilities of note.
One Month Winners: Utilities, Consumer Goods and Technology.
Three Month Winners: Utilities, Industrials and Consumer Goods.
Six Month Winners: Utilities, Consumer Goods, Technology and Financials.
Twelve Month Winners: Utilities, Technology, Services, Consumer Goods and Financials.
Year to Date: Technology, Industrials, Consumer Goods, Services and Utilities.
Upcoming Earnings Of Note (sorted by market cap, highest to lowest)
Today After The Close: AMGN SYK MDLZ CB PSA AMD ALL OKE EA DLR VRSK EIX BXP of note.
Wednesday Before The Open: GE SNE CME ADP SO SPG LHX MCO YUM TEL IQV MCK S ETR of note.
Earnings This Morning Of Note
CNX +0.70, MLM +0.47, FDP +0.38, MRK +0.28, XRX +0.21, LNN +0.19, INCY +0.18, LDOS +0.17, THRM +0.16, ZBRA +0.15, PFE +0.14, CVLT +0.14, SPGI +0.12, FMS +0.11, WH +0.10, EXLS +0.09, SHOO +0.08, IR +0.08, WDR +0.08, CNXM +0.08, COP +0.08, MMC +0.07, HUBB +0.07, GLT +0.04, GLW +0.04, KKR +0.03, VSH +0.02, BP +0.02, AGCO +0.02, NEO +0.01, EME +0.01, ETN +0.01 of note.
SHOP (0.39), DBD (0.30), I (0.17), SLCA (0.14), CEQP (0.11), ASTE (0.09), GRFS (0.08), SMPL (0.08), CIGI (0.02), AN (0.02), IRDM (0.01), HSC (0.01), CMI (0.01) of note.
HZO +0.00, AOS +0.00, TECH +0.00, PAG +0.00, WAT +0.00 of note.
Still to Report: ECL, FELE, GM, HCA, IPGP, K, MA, MDCA, BTU, R.
Rags & Mags: Highlighted Stories may be clicked through to the original story.
Five Things You Need To Know To Start Your Day. (Bloomberg)
Top News Story: President Trump and President Xi are set to meet on 11/17 to sign Phase One of a U.S. & China Trade Deal. (South China Morning Post)
U.K. sets December vote to break Brexit impasse. (Bloomberg)
Stock indexes remain strong. Current through 10/28.
Bold means a change from prior day.
YTD 62% (+2% change week over week) of stocks are higher and 38% are lower. Updated 10/25/19 close with next update on 11/1/19 close.
Economic & Related:
October Consumer Confidence is due out at 10:00 a.m. EDT and expected to rise to 127.50 from 125.10.
API Petroleum Institute Data is due out at 4:30 p.m. EDT.
President Trump meets with the Secretary of State for lunch, meets with the 2019 recipients of the President Award for Extraordinary Efforts to Combat Trafficking at 1:45 p.m. EDT, then receives his intelligence briefing at 2:30 p.m. EDT, followed by a fundraiser at night at the Trump Hotel.
The Federal Reserve Open Market Committee (FOMC) begins a two day meeting.
Conferences & Analyst Meetings:
Company Analyst Meetings and Conference Calls: MNLO (Investor Day) T (Media Day)
Sellside Conferences: Dawson James 5th Annual Small Cap Conference (12/28-10/29).
Industry Conferences: The American College of Gastroenterology Annual Meeting (10/25-10/30) Money 20/20 2019 (10/28-10/30) HLTH Conference (10/27-10/30). IoT Solutions World Congress (10/29-10/31).
Upgrades & Downgrades: