IPOs on deck: Currently, none of note for this week.
IPOs Filed: None filed after the close.
Secondaries Priced: None of note.
Notes Priced: None of note.
Common Stock filings: SOLY DUK FTSI of note.
Mixed Shelf Offerings filed: IO of note.
Convertible Offering Files: None of note.
Senior Notes Filed: None of note.
Earnings After The Close:
None of note.
CRR (0.53) of note.
None of note.
Hourly Action This Week:
Updated through Thursday’s close.
News After The Close (In Order of Time)
Tupperware (TUP) suspends quarterly dividend.
Moody’s moves the U.K. rating to negative from stable.
WeWork issues a 90 day game plan to fix issues.
General Dynamics (GD) wins $732 million Navy contract.
Barron’s positives OSK C BAC FITB KEY PNC BABA
Barron’s negatives XRX MCD UBER
Stock Repurchase Announcements:
Dividend Increase: FE
Early Morning Gap Up/Down: (>4% or <-4%)
TEVA +4%, NKTR +4%
FOMX -8%, LITE -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 -15 Dow Jones Industrial Average -151 NASDAQ -43 Russell 2000 -7.91 Fair values are mixed. Asia and Europe are lower.
Gold and silver higher with copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $128.50 from $128.34 with yields at from 1.935%. Prices as of 8:30 a.m. EDT.
Positive Sectors On Friday: Healthcare, Technology and Industrials of note.
Negative Sectors On Friday: Utilities and Materials 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:
FNV BGNE UGI DXC TME TERP FGEN ICUI GO TDW of note.
Tuesday Before The Open:
TSN ROK DHI CBS AAP SE SAGE ACM IAA PSN ERJ IIVI CRON EPC of note.
Earnings This Morning Of Note
QRTEA +0.09, FOLD +0.08 of note.
None of note.
None of note.
Still to Report:
Rags & Mags: Highlighted Stories may be clicked through to the original story.
Top News Story: Hong Kong hit by protests that turned violent. (Bloomberg)
The Wall Street Journal Lead Headline:
Five Things You Need To Know To Start Your Day. (Bloomberg)
Saudi Aramco IPO notes peak oil in next 20 years. (Prospectus Link)
All stock indexes see the best possible strength. Current through 11/08.
Bold means a change from prior day.
The advance/decline line model is now a buy. Updated through 11/08. 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 11/08.
Economic & Related:
U.S. Bond Market is closed for Veteran’s Day.
President Trump will deliver remarks to the NYC Veterans Day Parade at 10:35 a.m. EDT.
Conferences & Analyst Meetings:
Company Analyst Meetings and Conference Calls: KRC BBD MSA (Investor Day) MYOK (Conference Call) IBM (Webcast)
Sellside Conferences: Credit Suisse Annual Healthcare Conference. (11/11-11/13)
Industry Conferences: The American College of Rheumatology Annual Meeting (11/8-11/13). American Association for the Study of Liver Disease (11/8-11/12)
Markel Corp (MKL) buys VSC, no terms.
Inphi (IPHI) to buy eSilicon for $216 million in cash and debt assumption.
Carbonite (CARB) to be bought by OpenText (OTEX) for $23.00 a share. Synopsys (SNPS) gets certain IP assets from eSilicon.
Upgrades & Downgrades: Updated through 8:30 a.m. EDT