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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 – 11/15/19 Hong Kong Protests Push Country Towards a Recession"

posted by CAPIS on 11/15/2019 at 7:57 am

by CAPIS

11/15/2019 at 7:57 am

Breaking News – Retail Sales for October rose 0.3% but prior month revised lower.

IPOs on deck: Alibaba (BABA) launches Hong Kong IPO.

IPOs Filed: None filed after the close.

Secondaries Priced: NXTC SWAV of note.

Notes Priced:  QSR of note.

Common Stock filings: SRPT FLY of note.

Mixed Shelf Offerings filed: GMDA PWFL of note.

Convertible Offering Files:  None of note.

Senior Notes Filed: PBH of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat: 

NVDA +0.21, HP +0.14, HAYN +0.08, AMAT +0.04, GLOB +0.03, FTCH +0.02, KLIC +0.02  of note.

Missed: 

VFF (0.23), AXNX (0.14), YRD (0.14), FSM (0.02) of note.

Flat: 

 of note.

Hourly Action This Week:

Updated through Thursday’s close.

News After The Close (In Order of Time)

Alaska Air (ALK) sees October traffic up 3.4%.

Several managers update 13F holdings including Carl Icahn, Davide Tepper, David Einhorn, Bill Ackman, George Soros, Larry Robbins and Warren Buffett.

Treasury Secretary Stephen Mnuchin and U.S. Trade Representative Robert Lighthizer  to hold a call with Chinese Vice Premier Liu today on trade matters.(CNBC)

Crescent Point Energy (CPG) to sell gas assets in Saskatchewan for $500 million.

S&P SmallCap 600 to add RadNet (RDNT) on 11/20.

Rolls Royce (RYCEY) wins $1.2 billion Nacy contract.

Amazon (AMZN) to protect Department of Defense contract being awarded to Microsoft (MSFT).

Stock Repurchase Announcements: CNO

Dividend Increase: NKE UVE VVV SYY ROP

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

Gap Higher: FTCH +21%, DGII +14%, RDNT +10%, RH +8%, AMRN +7%, BGNE +6%, AMAT +6%, KLIC +5%, JD +5%

Gap Lower: AGRX -29%, VFF -11%, ACB -9%, DLB -6%, APHA -4%, FSM -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 +10 Dow Jones Industrial Average +94 NASDAQ +39 Russell 2000 +7 Fair values are flat to lower. Asia and Europe are mixed to lower.

Gold and silver lower with copper higher. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is lower vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $129.13 from $129.03 with yields at 1.84%. Prices as of 8:40 a.m. EDT.

Positive Sectors On Thursday: Services,Utilities, and Industrials of note.

Negative Sectors On Thursday:  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:  

None of note.

Monday Before The Open:

MANU QD UXIN of note.

Earnings This Morning Of Note

Beat:   

JD +0.88, JCP +0.24 of note.

Missed:     

None of note.

Flat:

None of note.

Still to Report:  

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

Top News Story:  Hong Kong heading into a recession. (Reuters)

Wall Street Journal Headline: Two Students Shot to Death At Southern California School

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)

U.S. may sanction Egypt for buying Russian warplanes. (WSJ)

Under Armour (UAA)  whistleblower claims that company move sales into quarters they should not have. (WSJ)

U.S. and China close to trade deal for Phase I per Larry Kudlow last night. (WSJ)

Hedge fund manager Ray Dalio warns of a capital war between U.S. and China. (Bloomberg)

Data Points

All stock indexes see the best possible strength. Current through 11/14.

Bold means a change from prior day.

The advance/decline line model is now a buy. Updated through 11/14. 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 11/14.

Economic & Related:

October Retail Sales is due out at 8:30 a.m. EDT and is expected to improve to 0.2% from -0.3%.

Geopolitical:

President Trump will deliver comments at 2:00 p.m. EDT on healthcare prices.

House Intelligence Committee continues open hearings on impeachment today starting at 10:00 a.m. EDT.

Conferences & Analyst Meetings:

Company Analyst Meetings and Conference Calls: MTEM VAR (Investor Day)   MTEM (Analyst Day) AGEN SLS (R&D Day) MAT (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 (11/14-11/15).

Industry Conferences:

M&A Activity

Roche Holdings (RHHBY) to buy Promedior for $390 million with incentives that could take to $1 billion.

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

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