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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 -11/14/19 Walmart (WMT) Puts Up Strong Numbers"

posted by CAPIS on 11/14/2019 at 7:32 am

by CAPIS

11/14/2019 at 7:32 am

IPOs on deck: Currently, none of note for this week.

IPOs Filed: None filed after the close.

Secondaries Priced:  BCRX RETA LNT VRRM CRK REPL KDMN LPCN  of note.

Notes Priced:   None of note.

Common Stock filings:  BCRX RETA LNT of note.

Mixed Shelf Offerings filed:  NSCO of note.

Convertible Offering Files:   HALO of note.

Senior Notes Filed: HTZ of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat: 

 CBPO +0.52, TCOM +0.23, CPA +0.21, NTAP +0.15, PING +0.12, TGP +0.06, NVGS +0.05, TTEK +0.04, HI +0.03, PRSP +0.03, PSNL +0.03, TNK +0.03, CSCO +0.03  of note.

Missed: 

BZH (0.72), PUMP (0.21) of note.

Flat: 

CHNG +0.00 of note.

Hourly Action This Week:

Updated through Wednesday’s close.

News After The Close (In Order of Time)

American Outdoor Brands (AOBC) to separate into two  companies.

BAE Systems (BAESY) wins Navy Contract worth $270 million.

Thermo Fischer (TMO) for Qiagen (QGEN) rumor hit after the close.

Fox Business interviewed Director of Trade & Manufacturing Policy Peter Navarro and he stated U.S. is on a “glide path” to Phase I deal.

Stock Repurchase Announcements:

Dividend Increase: HFC MATW

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

Gap Higher: PING +20%, TGP +9%, PUMP +8%, PRSP +8%, NBEV +8%, HI +8%, CPA +7%, AXNX +5%, REPL +4%.

Gap Lower: FLGT -14%, WB -8%, BCRX -7%, BZH -6%, CSCO -5%, SINA -5%, TCOM -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 -20 NASDAQ -16 Russell 2000 +1 Fair values are lower. Asia and Europe are mixed to lower.

Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is higher vs Euro, higher vs Pound and lower vs Yen. US 10 year Treasury price is at $129.03 from $128.73 with yields at 1.84%. Prices as of 8:20 a.m. EDT.

Positive Sectors On Wednesday: Utilities, Consumer Goods and Healthcare of note.

Negative Sectors On Wednesday:  Materials, Energy 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:  

NVDA AMAT WPM DLB WSM HP GLOB FTCH DDS KLIC MATW SCVL of note.

Friday Before The Open:

 JD JCP of note.

Earnings This Morning Of Note

Beat:   

 NICE +1.30, DDS +0.24, SINA +0.22, WIX +0.09, WMT +0.07, BAM +0.06, WB +0.04, VIAB +0.03  of note.

Missed:     

 CTRA (2.39), CGC (0.72), GDS (0.38), NBEV (0.09), IGT (0.08)  of note.

Flat:

TUFN of note.

Still to Report:  EXPI, RUBY, WAIR, ZEAL

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)

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

Stocks Making The Biggest Moves. (CNBC)

Chinese Commerce Ministry notes that China and U.S. talks are “in depth” and tariff cancellation key to making a deal. (Reuters)

China hacked into U.S. manufacturing industry group during trade talks. (Reuters)

China bought five cargoes of soybeans this week from the U.S. (Bloomberg)

Former Massachusetts Governor Deval Patrick enters Democratic Presidential Race. (CNBC)

Senate Republicans want a longer impeachment trial to keep Democrats off the campaign trail. (The Washington Post)

OPEC November Oil Report shows global oil demand unchanged.

Data Points

All stock indexes see the best possible strength. Current through 11/13.

Bold means a change from prior day.

The advance/decline line model is now a buy. Updated through 11/13. 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 11/13.

Economic & Related:

October PPI is due out at 8:30 a.m. EDT and is expected to come in at 0.3% from -0.3%.

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

Both Natural Gas and Crude Oil Inventories are due out at 10:30 a.m. EDT and 11:00 a.m. EDT.

Geopolitical:

President Trump will meet with the Secretary General of NATO at 2:00 p.m. EDT and then head to Louisiana at 4:00 p.m. EDT for a Keep America Great Rally at 8:00 p.m. EDT.

Federal Reserve  Chairman Jerome Powell concludes his second day of testimony before the House. Starts at 10:00 a.m. EDT.

Federal Reserve New York  President John Williams speaks at 9:00 a.m. EDT.

Federal Reserve Chicago President Charles Evans speaks at 9:10 a.m. EDT.

Federal Reserve Dallas President Robert Kaplan speaks at 1:00 p.m. EDT.

House Intelligence Committee continues open hearings on impeachment today with .

Conferences & Analyst Meetings:

Company Analyst Meetings and Conference Calls:   GTLS KVHI BADFF TK TNK TGP PTLA LCUT TAK  BMRN ZURVY (Investor Day)  UAVS JAGX AOBC CNCE (Conference Call) 

Sellside Conferences: Sandler O’Neill East Coast Financial Services Conference (11/13-11/15). Stephens Nashville Investment Conference (11/13-11/15). Deutsche Bank dbAccess Gaming, Lodging, Leisure and Restaurants One on One Conference. Needham Saas 1X1 Conference. JMP Securities Financial Services Conference. TD Securities Technology Conference.

Industry Conferences: NaREITworld Investor Forum (11/12-11/14). Rocky Mountain Microcap Investor Conference.

M&A Activity

Upgrades & Downgrades: Updated through 8:20 a.m. EDT

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