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.
Earnings After The Close:
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.
ENTA (0.12) of note.
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
HIBB +0.17, SJM +0.12, BKE +0.10, FL +0.05, ATKR +0.03 of note.
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)
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.
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:
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)
LCI Industries (LCII) to buy CURT Group for $340 million.
Upgrades & Downgrades