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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 – 11/22/19"

posted by CAPIS on 11/22/2019 at 7:39 am

by CAPIS

11/22/2019 at 7:39 am

Breaking News – President Trump being interviewed on Fox News starting at at 8:00 ET.

IPOs on deck: CHPMU LMPX PINE PTACU  of note.

IPOs Filed: None filed after the close.

Secondaries Priced: DAC G HSDT VEON of note.

Notes Priced:   None of note.

Common Stock filings: G of note.

Mixed Shelf Offerings filed: DCO of note.

Convertible Offering Files:  of note.

Senior Notes Filed:  None of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat:

POST +0.34, JWN +0.17, INTU +0.16, OOMA +0.06, ROST +0.05, SCVL +0.05, PSTG +0.04, MATW +0.03, SPLK +0.03, GPS +0.02, IIIV +0.01 of note.

Missed: 

ENTA (0.12)  of note.

Flat:  WSM

Hourly Action This Week:

Close of 11/20.

News After The Close (In Order of Time)

United Technology (UTX) wins $760 million Navy contract.

President Trump signs bill to fund the government through 12/20.

Stock Repurchase Announcements:  YUM IDA JBLU

Dividend Increase: BFB

Gap Higher: OOMA +24%, SCVL +12%, IIIV +10%, JWN +9%, SPLK +7%, HIBB +6%, STNE +5%, FL +5%

Gap Lower: PSTG -23%, DAC -19%, ORGO -16%, WSM -5%, ENTA -4%, FUTU -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 +6 Dow Jones Industrial Average +44 NASDAQ +20 Russell 2000 +4.50 Fair values are flat to lower. Asia mixed and Europe higher.

Gold,silver and copper higher. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $12.64 from $129.63 with yields at 1.755%. Prices as of 8:25 a.m. EDT.

Positive Sectors On Thursday: Materials and Energy of note.

Negative Sectors On Thursday:  Conglomerates, Consumer Goods and Financials 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:

JEC of note.

Earnings This Morning Of Note

Beat:

HIBB +0.17, SJM +0.12, BKE +0.10, FL +0.05, ATKR +0.03 of note.

Missed:     

FUTU (0.38) of note.

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

Top News Story:  Chinese President Xi wants a trade deal but will fight back if necessary. (Reuters)

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

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

White House has not confirmed President Trump will sign the Hong Kong Human Rights Bill but Senator Marco Rubio says he will. (NYT)

U.S. and China Trade Deal Phase One may not get signed before December tariffs kick in. (CNBC)

Tesla (TSLA) unveils its first Cybertruck for $39,900. (CNBC)

Apple (AAPL) to double Air Pods production to 60 million units in 2019. (Bloomberg)

All stock indexes see pullback. Current through 11/21.

Bold means a change from prior day.

The advance/decline line model is now a buy. Updated through 11/21. 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 11/15 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 11/21.

Economic & Related:

Geopolitical:

President Trump will host the NCAA for National Champions Day at 11:45 a.m. EDT and then at 1:45 p.m. EDT attends a listening session on youth vaping and the electronic cigarette epidemic.

Conferences & Analyst Meetings:

Investor/Analyst Days & Conference Calls of Note: SSW KLBAY (Investor Day) ALNY (R&D Day) RDHL (Investor/Analyst Day)

Sellside Conferences: None of note.

Industry Conferences: Dreamforce 2019 (11/19-11/22).  Supercomputing 2019 (11/17-11/22). Los Angeles Auto Show (11/22-12/1)

M&A Activity

LCI Industries (LCII) to buy CURT Group for $340 million.

Upgrades & Downgrades

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