IPOs on deck: CNS Pharmaceuticals (CNSP), Monopar Therapeutics (MNPR), Ecmoho (MOHO), TELA Bio (TELA), Juniper Industrial Holdings Unit ( JIHU), Yayo (YAYO), on deck for today. Other possibles for today 36Kr Holdings (KRKR) and 89bio (ETNB)
IPOs Filed: None filed after the close.
Secondaries Priced: AGIO AFMD EQH of note.
Notes Priced: None of note.
Common Stock filings: AFMD of note.
Mixed Shelf Offerings filed: LXRX ADMS DRNA of note.
Convertible Offering Files: None of note.
Senior Notes Filed: None of note.
Earnings After The Close:
BKNG +1.11, FARM +0.59, SYNA +0.49, CABO +0.48, AMBC +0.45, XOG +0.43, STMP +0.40, GH +0.23, ATVI +0.20, MTW +0.20, VSAT +0.19, GDOT +0.18, NNI +0.15, SGMS +0.12, AL +0.11, DIS +0.10, CORT +0.10, PRAA +0.09, CUTR +0.09, PEN +0.09, ZG +0.09, TTD +0.09, SWAV +0.07, BOLD +0.06, GPRO +0.06, TROX +0.06, WPRT +0.06, NLOK +0.05, SVMK +0.05, ARLO +0.05, TRHC +0.05, NCR +0.05, MTD +0.05, G +0.04, CHUY +0.04, FSLY +0.04, SPPI +0.04, AIRG +0.04, KSHB +0.04, AGO +0.03, AMPH +0.03, MITK +0.03, TRUE +0.03, AAXN +0.02, ENV +0.02, CDAY +0.02, CYRX +0.02, DBX +0.02, MIME +0.02, RVLV +0.02, NDLS +0.02, IVR +0.02, SIEN +0.02, AQN +0.01, AMH +0.01, LGF.A +0.01, MNST +0.01, RBA +0.01, RLJ +0.01, VRTU +0.01, BE +0.01, CTRE +0.01 of note.
ZGNX (5.71), TIVO (0.95), TTWO (0.64), PETQ (0.61), BEDU (0.42), ZIOP (0.34), TUSK (0.33), SCPL (0.29), NVEE (0.24), CWH (0.23), SRPT (0.22), TXG (0.21), AGS (0.21), EB (0.17), PEGA (0.16), ARNA (0.15), ALTR (0.14), SEMG (0.12), MOD (0.12), ONTO (0.10), JJSF (0.10), TDC (0.08), COLD (0.06), UNIT (0.06), UPLD (0.06), ENLC (0.05), WSC (0.05), AVID (0.04), AMCR (0.03), JAG (0.03), LPSN (0.03), QNST (0.03), NNBR (0.03), GBT (0.02), MMI (0.02), MATX (0.02), MRAM (0.02), KRO (0.02), GSBD (0.01), LADR (0.01), MAIN (0.01), MED (0.01), SWCH (0.01), KIDS (0.01) of note.
UEPS +0.00, NWSA +0.00, PLNT +0.00 of note.
Hourly Action This Week:
Updated through Tuesday’s close.
News After The Close (In Order of Time)
Teradata (TDC) names Victor Lund interim CEO.
NortonLifeLock (NLOK) names Vincent Pilette CEO and Matthew Brown as interim CFO.
Madison Square Garden (MSG) to spinoff entertainment from sports.
Walt Disney (DIS) cuts deal with Amazon (AMZN) to distribute Disney+.
Michael Bloomberg to enter the presidential race as a Democrat.
Gap Inc (GPS) CEO Art Peck steps down and company issues weak guidance.
Stock Repurchase Announcements: MNST RP
Dividend Increase: CNS UCBI SNA
Early Morning Gap Up/Down: (>4% or <-4%)
FSLY +21%, STMP +19%, SIEN +19%, CFMS +16%, AAXN +15%, PAR +14%, ZG +12%, EB +12%, QNST +12%, SWCH +11%, AMPH +9%, CORT +9%, PLNT +8%, MTW +8%, YELP +8%, FARM +8%, VAT +8%, GH +7%, PRTY +7%, NK +6%, LGF.A +6%, GPRO +6%, WKHS +6%, MIME +6%, BKNG +5%, UEPS +5%, SGMS +5%, DIS +5%, BE +5%, MNST +4%, NCR +4%, CUTR +4%,
MED -29%, TDC -24%, GDOT -23%, NVEE -22%, MOD -20%, RGR -15%, ALTR -12%, AFMD -11%, HEAR -11%, ADMS -11%, TUSK -9%, GPS -8%, PEN -7%, CWH -6%, LXRX -6%, ENLC -5%, UPLD -5%, ARLO -5%, SVMK -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 -2 Dow Jones Industrial Average +21 NASDAQ -15 Russell 2000 +0.2 Fair values are lower helping the open. Asia and Europe mixed to lower.
Gold, silver and copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $128.34 from $128.80 with yields at 1.935% from 1.877%. Prices as of 8:30 a.m. EDT.
Positive Sectors On Thursday: Materials, Energy, Technology and Financials of note.
Negative Sectors On Thursday: Utilities and Conglomerates of note.
One Month Winners: Healthcare, Industrials, Financials and Technology.
Three Month Winners: Industrials, Financials and Consumer Goods.
Six Month Winners: Utilities, Consumer Goods, Technology and Industrials.
Twelve Month Winners: Utilities, Technology, Industrials and Services.
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:
OPK of note.
Monday Before The Open:
QRTEA FOLD KEM CRR of note.
Earnings This Morning Of Note
DUK +0.12, REV +0.12, AER +0.11, ESNT +0.09, MGA +0.07, ENB +0.04, CLNY +0.04, DRH +0.03, AEE +0.03, EPAY +0.02 of note.
NGL (1.84), MSG (1.08), GNLN (0.60), GTX (0.30), SSP (0.14), FLY (0.10), ZEUS (0.06), USCR (0.03) of note.
STWD +0.00, SVC +0.00 of note.
Still to Report:
Rags & Mags: Highlighted Stories may be clicked through to the original story.
Top News Story: Michael Bloomberg still has work to do if he is entering the presidential campaign. (NYT)
The Wall Street Journal Lead Headline:
Five Things You Need To Know To Start Your Day. (Bloomberg)
Last night White House Director of Trade and Manufacturing Policy Peter Navarro says “no agreement at this time” and notes China trying to push U.S. in a direction by releasing statements like it did yesterday.
House Intelligence Committee subpoenaed White House Chief of Staff Mick Mulvaney to show up this morning as part of the impeachment inquiry into President Trump. (CNN)
All stock indexes see the best possible strength. Current through 11/07.
Bold means a change from prior day.
The advance/decline line model is now a buy. Updated through 11/07. Year to date model up 11. 92% on the S&P 500. 5 buy signals and 4 cash signals in 2019. Current signal is a buy.
YTD 63% (+2% change week over week) of stocks are higher and 38% are lower. Updated through 11/1/19 close.
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 11/06.
Economic & Related:
November University of Michigan Consumer Sentiment is due out at 10:00 a.m. EDT and is expected to fall to 95 from 95.5.
President Trump will head to Atlanta for the day to fundraise and hold a forum with black voters.
Federal Reserve New York President John Williams and Federal Reserve Governor Lael Brainard speak at 8:00 p.m. EDT
Conferences & Analyst Meetings:
Company Analyst Meetings and Conference Calls: AKTS GMAB (Conference Call), REPL STAA (Investor Day) XXII (Wencast).
Sellside Conferences: Raymond James Texas Gold Investor Forum. Cowen 3rd Annual IO Next Summit.
Industry Conferences: Society for Immunotherapy of Cancer Annual Meeting (11/6-11/10). The American College of Rheumatology Annual Meeting (11/8-11/13). American Association for the Study of Liver Disease (11/8-11/12)
Upgrades & Downgrades: Updated through 8:30 a.m. EDT