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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 -11/21/19 Schwab Looks To Buy TD Ameritrade"

posted by CAPIS on 11/21/2019 at 7:36 am

by CAPIS

11/21/2019 at 7:36 am

Breaking News – 

IPOs on deck: Canaan (CAN) SiTime (SITM)

IPOs Filed: None filed after the close.

Secondaries Priced: PFGC INVH CRSP SPWR DSSI ENLV GSX KRTX MTEM OPTN of note.

Notes Priced:   None of note.

Common Stock filings:  OPTN MTEM DSSI INVH of note.

Mixed Shelf Offerings filed: None of note.

Convertible Offering Files:  MTEM of note.

Senior Notes Filed:  None of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat:

 NTES +2.02, CPRT +0.06, NUAN +0.05  of note.

Missed: 

CUB (0.08), SONO (0.06), SQM (0.04), LZB (0.03), GTBIF (0.02), JACK (0.01) of note.

Flat: LB.

Hourly Action This Week:

Close of 11/19.

News After The Close (In Order of Time)

American Water Works (AWK) sells regulated New York operations for $608 million.

Qiagen (QGEN) and LabCorp (LH) extend collaboration.

Inter Parfums (IPAR) lowers 2020 guidance.

Bristol Myers (BMY) and Celgene (CELG) merger is complete.

House passes Hong Kong Right’s Bill 417-1.

Raytheon (RTN) wins $390 million Air Force contract.

Google (GOOGL) to limit election ad targeting.

Stock Repurchase Announcements:  CASH

Dividend Increase: A GPI NSA RE SSNC KRNY

Gap Higher: AMTD +20% ACB +11% DVAX +7% NUAN +6% CRON +5% CLLS +5% LB +5% TIF +4%

Gap Lower: BZUN -13% CUB -11% LZB -10% OPTN -6% XERS -5% M -5% 

What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. 

S&P 500 -1 Dow Jones Industrial Average -6 NASDAQ -10 Russell 2000 +2 Fair values are flat to lower. Asia mixed and Europe mixed.

Gold,silver and copper lower. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is lower. $ is lower vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $129.63 from $129.69 with yields at 1.85%. Prices as of 8:25 a.m. EDT.

Positive Sectors On Wednesday: Utilities of note.

Negative Sectors On Wednesday:  Services, Financial and Technology 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:  

 INTU ROST SPLK POST GPS JWN WSM PSTG ENTA MATW SCVL IIIV OOMA of note.

Friday Before The Open:

SJM FL ATKR BKE HIBB of note.

Earnings This Morning Of Note

Beat:   

HMLP +0.20, BERY +0.17, M +0.08, BRC +0.07, PLAN +0.05, ASYS +0.03, BV +0.02, BJ +0.01 of note.

Missed:     

SDRL (3.01), SFL (0.21), AQUA (0.12), BZUN (0.01) of note.

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

Top News Story: Charles Schwab (SCHW) in talks to buy TD Ameritrade (AMTD).

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

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

China invites the U.S. to China for more talks. WSJ)

Chinese Vice Premier Liu remains “cautiously optimistic” on a trade deal. (Bloomberg)

White House Trade  Advisor Peter Navarro finds loophole the Chinese are exploiting on solar panels. (Bloomberg)

Summary of the Democratic debate as they focused on President Trump. (NYT)

The House of Representatives passed a bill on Hong Kong that will now head to the president’s desk. (NYT)

How Tesla (TSLA) moved into Germany with a factory outside Berlin. (NYT)

Annaly Capital (NLY) CEO and President Kevin Keyes gone today.

President Trump considers whether to exempt Apple (AAPL) from tariffs on imports from China. (Reuters)

All stock indexes see the best possible strength. Current through 11/20.

Bold means a change from prior day.

The advance/decline line model is now a buy. Updated through 11/20. Year to date model up 13. 09% 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 11/20.

Economic & Related:

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

October Existing Home Sales are due out at 10:00 a.m. EDT and is expected to come in at 5.50 million from 5.38 million.

October Leading Indicators are due out at 10:00 a.m. EDT and are expected to remain at -0.1%.

Weekly Natural Gas Inventories are due out at 10:30 a.m. EDT.

Geopolitical:

President Trump will present the National Medal of Arts and the National Humanities Medal at 3:30 p.m. EDT.

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

Conferences & Analyst Meetings:

Sellside Conferences: Stifel Global healthcare Conference (11/19-11/21). RBC Capital Markets Global Technology, Internet. Media and Telecom Conference (11/19-11/21). Three Part Advisors Southwest IDEAS Conference (11/20-11/21). Bank of America Consumer and Retail Conference (11/20-11/21)

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

M&A Activity

Sonos (SONO) buys Snips for $37.5 million.

Paypal (PYPL) buys Honey Science for $4 billion.

Upgrades & Downgrades

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