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12.06.2019 10 new posts under Morning Note (8), International Summary (1), Press Releases (1)

Morning Note

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Morning Note

"CAPIS Morning Note – 11/12/19 All Eyes On The Economic Club of New York At 12:00 p.m. EDT"

posted by CAPIS on 11/12/2019 at 8:03 am

by CAPIS

11/12/2019 at 8:03 am

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: CWK of note.

Mixed Shelf Offerings filed:  None of note.

Convertible Offering Files: JCOM of note.

Senior Notes Filed: None of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat:  

FNV +0.09, TME +0.09, FOE +0.07, FTK +0.05, APYX +0.05, GO +0.03, ICUI +0.03 of note.

Missed: 

TDW (0.70), TERP (0.33), UGI (0.24), FLNT (0.06), DXC (0.05) of note.

Flat: 

KEM +0.00, FGEN +0.00 of note.

Hourly Action This Week:

Updated through Friday’s close.

News After The Close (In Order of Time)

Several investment managers reported October assets under management CNS IVZ APAM BEN.

Stock Repurchase Announcements: 

Dividend Increase: FCPT

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

Gap Higher: BREW +122%, LTS +22%, KDMN +20%, FOE +17%, RKDA +13%, APYX +13%, KEM +13%, ICUI +11%, GO +7%. 

Gap Lower: FLNT -22%, OGI -15%, HBM -11%, TDW -7%, UGI -6%, RETA -4%, EPC -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 +10 Russell 2000 +4.48 Fair values are lower. Asia and Europe are lower.

Gold, silver and copper lower. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $128.30 from $128.50  with yields at  . Prices as of 8:35 a.m. EDT.

Positive Sectors On Monday: Conglomerates, Industrials and Consumer Goods of note.

Negative Sectors On Monday: Utilities, Materials and Healthcare 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:  

SWKS HTHT DDOG DOX ADT YY ADPT KWR HALO TLRY MTSI HUYA SDC CARB of note.

Wednesday Before The Open:

CAE VIPS GOOS ENR DOYU SPB TSEM MTOR BEST SSYS LK FVRR CMCM of note.

Earnings This Morning Of Note

Beat:   

CNNE +1.18, CRON +0.57, AEIS +0.16, PSN +0.11, DHI +0.10, ROK +0.08, EDIT +0.07, AAP +0.05, SE +0.05, EPC +0.02, IAA +0.02 of note.

Missed:     

CVET (8.18), DPLO (2.16), ERJ (0.43), GTT (0.30), EGRX (0.16), SAGE (0.10), RETA (0.10), XON (0.09), ACM (0.08), TSN (0.06), EBIX (0.05), RDNT (0.04), IIVI (0.03)  of note.

Flat:

INFN +0.00 of note.

Still to Report:  BPMP, CBS, DSKE, MPAA, NIO, OSTK

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

Top News Story:  President Trump to speak to the Economic Club of New York at 12:00 p.m. EDT. (Reuters)

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

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

Stocks Making The Biggest Moves. (CNBC)

President Trump is expected to delay European Auto Tariff decision by six months. (Politico)

50 rockets were fired in Israel from militants in Gaza. (WSJ)

Walt Disney (DIS) launches their streaming service today. (Bloomberg)

American Airlines (AA) cancels 737 Max airlines through March 4th.

Dean Foods (DF) declares Chapter 11. (CNBC)

Data Points

All stock indexes see the best possible strength. Current through 11/11.

Bold means a change from prior day.

The advance/decline line model is now a buy. Updated through 11/11. Year to date model up 11. 98% on the S&P 500. 5 buy signals and 4 cash signals in 2019. Current signal is a buy.

YTD 64% (+1% change week over week) of stocks are higher and 38% are lower. Updated  through 11/8/19 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 11/11.

Economic & Related:

Overnight saw NYSE and NASDAQ short interest reported. Both fell. NYSE -1.53% and NASDAQ -0.70%.

October NFIB Small Business Optimism Index was out at 6:00 a.m. EDT and came in at from 101.80 in September.

Weekly API Petroleum Institute Data normally due out at 4:30 p.m. EDT is delayed one day due to Veteran’s Day.

Geopolitical:

Federal Reserve Vice Chairman Richard Clarida spoke at 5:30 a.m. EDT.

President Trump will deliver remarks to the Economic Club of New York at 12:00 p.m. EDT.

Federal Reserve Philadelphia President Patrick Harker  speaks at 8:30 p.m. EDT.

Federal Reserve Richmond President Tom Barkin speaks at 12:00 p.m. EDT.

Federal Reserve Minneapolis President Neil Kashkari speaks at 6:00 p.m. EDT.

Conferences & Analyst Meetings:

Company Analyst Meetings and Conference Calls:   IMO (Investor Day)  RHHBY SESN (Conference Call)   INFO (Webcast) CUE (Update) FIVN (Analyst Day)

Sellside Conferences: Credit Suisse Annual Healthcare Conference. (11/11-11/13). Craig Hallum Capital Group Annual Alpha Select Conference.  Citi Financial Technology Conference (11/12-11/13). Needham Networking, Communications, & Security Conference. Morgan Stanley Global Chemicals, Agricultural and Packaging Conference (11/12-11/13)

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). NaREITworld Investor Forum (11/12-11/14).

M&A Activity

Craft Brew Alliance (BREW) to be bought by Anheuser-Busch (BUD) for $16.50 a share in cash.

Yageo to buy KEMET (KEM) for $27.20 a share in cash.

Advisor Group to buy Ladenburg Thalmann Financial (LTS) for $3.50  a share in cash.

Upgrades & Downgrades: Updated through 8:55 a.m. EDT

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