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11.20.2019 9 new Morning Note posts under Morning Note (8) and General (1)

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Morning Note

"CAPIS Morning Note – 10/29/19 Date Set To Sign Phase One of U.S. and China Trade Deal 11/17"

posted by CAPIS on 10/29/2019 at 8:07 am

by CAPIS

10/29/2019 at 8:07 am

Corporate Actions

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.

Courtesy of IPO Financial

Earnings After The Close:

Beat:

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.

Missed:  

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.

Flat:

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.

Stock Repurchase:  

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

Beat:

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.

Missed: 

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.

Flat:

 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)

Five Things To Know Before You Start Your Day. (CNBC)

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)

Rise of bonds hurts stocks in Europe and the U.S. this morning. (Bloomberg)

Senator Marco Rubio (R- FL) to introduce legislation to prevent U.S. government pension funds from investing in Chinese stocks. (Bloomberg)

Lt. Colonel Alexander Vindman of the Army and National Security Council to testify against President Trump today. (NYT)

Data Points

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.

Courtesy of Phil Erlanger Research, Inc.

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.

Geopolitical:

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.

House to set to vote on impeachment inquiry on Thursday. (CNBC)

Boeing (BA) CEO Dennis Mullenberg to testify before Congress today at 10:00 a.m. EDT. (CNBC)

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:

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