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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 -11/25/19 Merger Monday As Several Major Deals"

posted by CAPIS on 11/25/2019 at 7:38 am

by CAPIS

11/25/2019 at 7:38 am

IPOs on deck:   None of note.

IPOs Filed: None filed after the close.

Secondaries Priced: None of note.

Notes Priced:   None of note.

Common Stock filings: None of note.

Mixed Shelf Offerings filed:  None of note.

Convertible Offering Files:  None of note.

Senior Notes Filed:  None of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat: None of note.

Missed: None of note.

Hourly Action This Week:

Close of 11/22.

News After The Close (In Order of Time)

Telsa (TSLA) CEO Elon Musk reports 187,000 Cybertrucks have been ordered. (Twitter)

Former Mayor of New York and Corporate Titan Michael Bloomberg entered the presidential race over the weekend.

Barron’s positive on SCHW MO CRM while negative on I  ULTA VMW and mixed on KSS.

Stock Repurchase Announcements:  

Dividend Increase:  AEL

Gap Higher: MDCO +23%, TIF +6%, ARWR +6%, CLVS +6%, TSLA +4% 

Gap Lower: HIMX -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 +8 Dow Jones Industrial Average +85 NASDAQ +26 Russell 2000 +6.50 Fair values are flat to lower. Asia and Europe higher.

Gold and silver lower with copper higher. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $129.33 from $129.64 with yields at 1.755%. Prices as of 8:25 a.m. EDT.

Positive Sectors On Friday: Services, Financials and Industrials of note.

Negative Sectors On Friday:  Conglomerates of note.

One Month Winners: Healthcare, Industrials and Technology.

Three Month Winners: Industrials, Financials and Healthcare.

Six Month Winners: Consumer Goods, Industrials, Technology and Healthcare.

Twelve Month Winners: Technology, Industrials and Services.

Year to Date: Technology, Industrials, Technology, Consumer Goods, Services and Financials.

Upcoming Earnings Of Note (sorted by market cap, highest to lowest)

Today After The Close:  

A PANW HPE  PVH NTNX SR BECN of note.

Tuesday Before The Open:

BNS ADI DLTR HRL BBY BURL MOMO EV TECD CBRL DKS AMWD DY NIO ANF BITA MOV CHS TITN of note.

Earnings This Morning Of Note

Beat:

 JEC +0.15 of note.

Missed:     

 None of note.

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

Top News Story: China increase the penalties for intellectual property theft. (Bloomeberg)

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

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

Hong Kong Elections sees pro democracy outcome. (NYT)

Lawmakers and trade experts question a Phase Two Trade Deal with China. (Reuters)

Pentagon forces resignation of they Secretary of the Navy over SEAL team issues. (CNN)

Uber (UBER) denied a new license in London by the London Transit Authority. (Sunday Times)

BHP increases stake in SolGold to 14.7%. (Bloomberg)

Disney (DIS) Frozen 2 came in at $127 million in the U.S. and Canada. (WSJ)

Notable Data Points

Most stock indexes saw some improvement on Friday. Current through 11/22.

Bold means a change from prior day.

The advance/decline line model is now a buy. Updated through 11/22. 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 11/22.

Economic & Related:

$40 Billion 2 Year Auction at 1:00 p.m. EDT.

Geopolitical:

President Trump will have lunch with the vice president, then host the Prime Minister of Bulgaria followed by participating in a ceremony for the Women’s Suffrage Centennial Coin Act and finally sings H.R. 724 the Prevention Animal Cruelty and Torture Act.

Federal Reserve Chairman Jerome Powell is the keynote speaker at the Greater Providence Chamber of Commerce annual meeting. Speaking time is 7:

Conferences & Analyst Meetings:

Investor/Analyst Days & Conference Calls of Note: PTC TKOMY ZTO MBT SSREY (Investor Day) CANF EUCTF  (Webinar)  EPSN QD AXSM (Conference Call)

Sellside Conferences: None of note.

Industry Conferences: Los Angeles Auto Show (11/22-12/1). Dell Technologies Dubai Forum (11/24-11/25)

M&A Activity

Charles Schwab (SCHW) to buy TD Ameritrade (AMTD) for $26 billion.

LVMH to buy Tiffany (TIF) for $16.2 billion or $135 a share.

Novartis (NVS) to buy The Medicine Co (MDCO) for $85 a share.

Kirkland Lake Gold (KL) to buy Detour Gold for $4.9 billion (Canadian).

Upgrades & Downgrades

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