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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 – 10/31/19 Happy Halloween!!!"

posted by CAPIS on 10/31/2019 at 7:32 am

by CAPIS

10/31/2019 at 7:32 am

Top Sports News – The Washington Nationals won their first World Series and Washington’s first since 1924 when the Senators won the fall classic.  (NYT)

Corporate Actions

IPOs on deck: LGI Systems Acquisition Unit (DFNSU), Oyster Point Pharma (OYST), RAPT Therapeutics (RAPT), Osprey Acquisitions Unit (SFTWU) to be priced today.

IPOs Filed: None filed after the close.

Secondaries Priced: COCP CROX XEL of note.

Notes Priced: None of note.

Common Stock filings:  None 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: 

EQIX +1.19, MUSA +0.73, CRUS +0.61, RGA +0.52, CNXN +0.33, LYFT +0.32, KLAC +0.28, CNMD +0.26, FB +0.24, CMPR +0.24, THG +0.20, COLM +0.20, AAPL +0.20, MC +0.19, ZNGA +0.19, OLED +0.17, HUBG +0.17, MAA +0.17, AZPN +0.16, EXEL +0.15, ROG +0.15, ACA +0.13, QLYS +0.13, CW +0.12, ACAD +0.11, ELY +0.11, TDOC +0.11, ALSN +0.11, MLNX +0.11, VRTX +0.10, CLR +0.10, PCTY +0.10, SPXC +0.10, CATM +0.09, AGNC +0.09, DCO +0.09, LM +0.09, MANT +0.09, MSI +0.08, RDN +0.08, INT +0.08, CSGS +0.07, PS +0.06, NE +0.06, NUVA +0.06, QDEL +0.06, PKI +0.05, RSG +0.05, SKYW +0.05, SPWR +0.05, HABT +0.05, UCTT +0.05, TREE +0.05, MYRG +0.04, WDC +0.04, BOOT +0.04, H +0.04, TS +0.04, FOXF +0.04, AWK +0.03, CTSH +0.03, MASI +0.03, PRAH +0.03, REG +0.03, SKY +0.03, INOV +0.03, EGOV +0.03, SFM +0.03, WHD +0.03, HTGC +0.03, FLS +0.03, CHDN +0.02, CONE +0.02, CREE +0.02, DT +0.02, TWLO +0.02, VIAV +0.02, SKT +0.02, NSA +0.01, EGHT +0.01, FORM +0.01, HCP +0.01, LSI +0.01, PPC +0.01, QGEN +0.01, RPT +0.01, STAG +0.01, SU +0.01, TRMB +0.01, ECOL +0.01, WTI +0.01, WTS +0.01, WMB +0.01, DDD +0.01, AXTI +0.01, SWI +0.01 of note.

Missed: 

ALEX (0.80), MEOH (0.23), KW (0.19), LNC (0.19), MMSI (0.17), FRT (0.15), MET (0.13), SIGI (0.10), APA (0.10), IMMU (0.10), NR (0.09), HVT (0.08), OII (0.08), RBBN (0.08), MDC (0.07), NGHC (0.06), RTRX (0.06), CF (0.06), HCC (0.06), TKR (0.05), NLY (0.04), AKS (0.04), RYN (0.04), RWT (0.03), PVG (0.03), ATRC (0.02), WPX (0.02), FARO (0.02), CHEF (0.02), AGI (0.01), CERS (0.01), CLI (0.01), MGM (0.01), SCI (0.01), SOI (0.01), TEX (0.01), TTMI (0.01), TYL (0.01), CACI (0.01)  of note.

Flat:  

ADTN +0.00, AEGN +0.00, BLDP +0.00, BFAM +0.00, CRY +0.00, DRE +0.00, ENSG +0.00, ETSY +0.00, EVTC +0.00, PDM +0.00, SBUX +0.00, SRI +0.00 of note.

Hourly Action This Week:

Updated through Tuesday’s close. Mixed action.

Early Morning Gap Up/Down: (>5% or <-4%)

Gap Higher:

OLED +14%, SPWR +12%, ICD +8%, SFM +8%, EGHT +8%, MUSA +8%, UCTT +8%, MC +7%, INOV +7%, HABT +7%, CRUS +6%, SKT +6%, BJ +6%, NE +6%, ASLN +6%, NEWM +5%, LM +5%, CVET +5%, BOOT +5%.

Gap Lower: 

MMSI -31%, PVG -14%, HVT -10%, TTMI -10%, NGHC -10%, TEX -9%, ETSY -9%, AKS -8%, CROX -8%, TWLO -8%, WDC -7%, FARO -7%, SOI -7%, SWI -7%, CF -7%, BLDP -6%, PKI -5%, LNC -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 -4 Dow Jones Industrial Average -51 NASDAQ -+15 Russell 2000 -2.55. Fair values are mixed. Asia mixed to lower and Europe lower.

Gold and silver higher with copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is lower vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $129.88 from $129.30 with yields at 1.738% from 1.826%. Prices as of 8:25 a.m. EDT.

Positive Sectors On Wednesday:  Utilities, Healthcare, Technology and Industrials of note.

Negative Sectors On Wednesday:  Materials and Energy 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:  

MELI ANET LYV PINS FTNT SSNC CPT VCI OTEX WU BID of note.

Friday Before The Open:

BABA XOM CVX ABBV D CL TRP AIG SRE LYB  IMO PBA of note.

Earnings This Morning Of Note

Beat:

 AMCX +0.66, ATI +0.45, HFC +0.36, MPC +0.30, IRWD +0.28, IT +0.27, TEN +0.25, LITE +0.24, TFX +0.22, SNY +0.20, SPAR +0.17, CI +0.17, TPX +0.16, MUR +0.16, AMT +0.16, KHC +0.15, BLD +0.14, INGR +0.12, NTLA +0.12, EQT +0.12, SRCL +0.12, CDW +0.12, EXP +0.12, BWA +0.11, ICE +0.10, IP +0.10, IDXX +0.10, RDS.A +0.10, BMY +0.10, GNRC +0.10, PH +0.10, GOLF +0.09, AVP +0.09, HGV +0.09, DNKN +0.09, PWR +0.09, MSCI +0.09, CVE +0.08, TPH +0.08, PQG +0.08, WCC +0.07, LNTH +0.07, RGEN +0.07, TRI +0.07, EL +0.07, ADM +0.06, EIGI +0.06, CTVA +0.06, AKRX +0.06, NVCR +0.06, SYNH +0.05, AME +0.05, CLX +0.05, MNTA +0.05, YRCW +0.05, FLWS +0.04, MO +0.04, YETI +0.04, XHR +0.04, PBFX +0.04, SABR +0.03, NTCT +0.03, CFX +0.03, LKQ +0.03, IRM +0.03, EXC +0.03, PEG +0.03, COR +0.03, GPN +0.03, STOR +0.02, PBH +0.02, WAB +0.02, ECA +0.02, GIL +0.01, FLIR +0.01, CHD +0.01, PBF +0.01, MAC +0.01, DD +0.01, WLTW +0.01, MIXT +0.01, IMAX +0.01, CG +0.01  of note.

Missed:  

FLR (5.87), ABMD (0.65), WRLD (0.61), NEWM (0.43), RFP (0.39), SPR (0.29), W (0.18), MGPI (0.17), STFC (0.15), IDA (0.15), APRN (0.10), HMHC (0.10), CPG (0.09), APO (0.06), MPLX (0.04), PENN (0.04), ARES (0.03), AAON (0.02), BLL (0.02), OSB (0.02), BCE (0.01), SIRI (0.01) of note.

Flat:

 AGIO +0.00, ZIXI +0.00, HBI +0.00, DLPH +0.00, LAZ +0.00, XYL +0.00, WEX +0.00 of note.

Still to Report: ALNY, ARD, ARW, CWT, CRAI, CNSL, CFR, FSS, FCAU, ITGR, IDCC, STAR, MMP, MPW, NNN, SNDR, SILC, WWE

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

Top News Story:

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

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

Stocks Making The Biggest Moves (CNBC)

China has doubts about a long term trade deal with the U.S. (CNBC)

Impeachment investigators will depose Former National Security Adviser John Bolton next week. (NYT)

Altria (MO) writes down Juul investment by $4.5 billion. (CNBC)

Data Points

Stock indexes remain strong. Current through 10/30.

Bold means a change from prior day.

The advance/decline line model is now a buy. Updated through 10/30. Year to date model up 10. 64% on the S&P 500. 5 buy signals and 4 cash signals in 2019.

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.

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 10/29.

Economic & Related:

Weekly Jobless Claims due out at 8:30 a.m. EDT.

October Personal Income is due out at 8:30 a.m. EDT and is expected to fall to 0.3% from 0.4%.

October Chicago PMI is due out at 9:45 a.m. EDT and is expected to rise to 48.2 from 47.10.

Weekly Natural Gas Inventories are due out at 10:30 a.m. EDT.

Geopolitical:

President Trump has a quiet day at The White House with no scheduled public events.

House to vote on impeachment procedures. (NYT)

Conferences & Analyst Meetings:

Company Analyst Meetings and Conference Calls:  RIO (Capital Markets Day) 

Sellside Conferences: None of note.

Industry Conferences: IoT Solutions World Congress (10/29-10/31).

M&A Activity

Fiat Chrysler (FCAU) and Peugot are working towards a 50/50 merger.

Upgrades & Downgrades:

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