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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 -11/19/19 Home Depot (HD) Lowers Numbers"

posted by CAPIS on 11/19/2019 at 8:09 am

by CAPIS

11/19/2019 at 8:09 am

Breaking News – 

IPOs on deck: 8 IPOs on deck this week.

IPOs Filed: None filed after the close.

Secondaries Priced: DUK of note.

Notes Priced: EGHT of note.

Common Stock filings: GSX  KRTX EFC PFGC SAFE DUK ROKU NVTA SPCE   of note.

Mixed Shelf Offerings filed: MET PEP EVFM of note.

Convertible Offering Files:  EGHT CHEF of note.

Senior Notes Filed: of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat:

CRMT +0.23, ZTO +0.16, WUBA +0.13, BILI +0.03, KRNT +0.03  of note.

Missed: 

ASH (0.19), WWD (0.04) of note.

Flat: 

None of note.

Hourly Action This Week:

Close of 11/15.

 

News After The Close (In Order of Time)

Department of Justice may end the Paramount consent decree which prevented studios from owning exhibitors.  Plus for AMC Entertainment (AMC) and Cinemark (CNK).

Tiffany’s (TIF) Chief Merchandising Officer Pamela Cloud to leave November 26th.

Uber (UBER) Chief Product Officer  Manik Gupta stepping down 12/13.

Thermo Fisher (TMO)  to join S&P 100 and ServiceNow (NOW) to  join S&P 500 on 11.21.

VEREIT (VER) settles agreement with the SEC on investigation of accounting practices with $8 million payment.

Viavi (VIAV) files complaint against LG Electronics, LG Innotek and Optrontec  over infringement of 3D sensing patents.

Stock Repurchase Announcements: BW

Dividend Increase: 

Pre-Market Gap Higher Or Lower

Gap Higher: CRMT +10%, CLVS +7%, AMC +6%, ASND +5%, NOW +4%, JKS +4%, BILI +4%

Gap Lower: RTX -12%, WWD -6%, DHT -6%, GSX -6%, HD -5%, EGHT -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 +7 Dow Jones Industrial Average +35 NASDAQ +30 Russell 2000 +5.4 Fair values are flat to lower. Asia mixed and Europe higher.

Gold lower with silver and copper higher. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $129.20 from $129.13 with yields at 1.85%. Prices as of 8:40 a.m. EDT.

Positive Sectors On Monday: Consumer Goods, Services and Financials of note.

Negative Sectors On Monday:  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:  

PAGS ESE URBN  of note.

Wednesday Before The Open:

 AVYA PDD QIWI LOW SR TGT of note.

Earnings This Morning Of Note

Beat:   

TDG +0.34, JKS +0.06, MDT +0.03 of note.

Missed:     

PPDF (0.33), KSS (0.12), ARMK (0.01), MMS (0.01) of note.

Flat:

NJR +0.00, HD +0.00 of note.

Still to Report:  

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

Top News Story: Home Depot (HD) cuts forecast and shares down -4%.

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)

Chinese Private Equity not investing in U.S. investments during trade war. (Reuters)

Boeing (BA) gets $6 billion of orders for 737 Max at Dubai Airshow. (WSJ)

PC&E (PCG) near a $1.7 billion settlement for 2017 wildfire. (Bloomberg)

Data Points

All stock indexes see the best possible strength. Current through 11/18.

Bold means a change from prior day.

The advance/decline line model is now a buy. Updated through 11/18. 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 11/18 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 11/18.

Economic & Related:

October Housing Starts is due out at 8:30 a.m. EDT and is expected to come in at 1,300,000 against 1,256,000.

API Petroleum Institute data is due out at 4:30 p.m. EDT.

Geopolitical:

President Trump will hold a cabinet meeting at 11:30 a.m. EDT.

House Intelligence Committee continues open hearings on impeachment today starting at 11:00 a.m. EDT.

Conferences & Analyst Meetings:

Company Analyst Meetings and Conference Calls: GIL COP (Investor and Analyst Conference) PIRS (R&D Day) QCOM HY (Analyst Day) MTH TRP (investor Day)

Sellside Conferences: Stifel Global healthcare Conference (11/19-11/21). RBC Capital Markets Global Technology, Internet. Media and Telecom Conference (11/19-11/21).

Industry Conferences: Dreamforce 2019 (11/19-11/22).  TechNet IndoPacific 2019 (11/19-11/21)

M&A Activity

Sonoco Products (SON) buys Termoform Engineered Quality and Plastique Holdings from Esco Tech (ESE) for $187 million.

The Medicines Co (MDCO) up 15% on reports of takeover interest from several parties.

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This communication is for informational purposes only and is solely intended for use by institutional investors. Use of this communication by others, including retail investors, is prohibited. No statement herein is to be construed as a recommendation to purchase or sell a security, or to provide investment advice. Certain products, including options and futures, may involve substantial risk and are not suitable for all investors. The information on this webpage is provided by an independent third party. While the information and opinions presented in this material have been obtained or derived from sources believed by Capital Institutional Services, Inc. (CAPIS) to be reliable, CAPIS makes no representations concerning its accuracy or completeness, and accepts no liability for loss arising from the use of this material.