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Morning Note

News

Morning Note

"CAPIS Morning Note For 12/26/19 U.S. Holiday Retails Sales Grew 3.4%"

posted by CAPIS on 12/26/2019 at 7:48 am

by CAPIS

12/26/2019 at 7:48 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: HEXO of note.

Mixed Shelf Offerings: 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: Updated 12/20

News After The Close (In Order of Time)

Qiagen (QGEN) concludes strategic review and concludes it is in the interest of shareholders to remain a stand alone corporation.

U.S. Senator Lisa Murkowski (R-AK) noted she is disturbed by Majority Leader Mitch McConnell’s approach to the impeachment trial coming in January.

Stock Repurchase Announcements: None of note.

Dividend Increase:None of note.

Gap Higher:  TREE +6%, PIR +5%, ACB +4%

Gap Lower:  QGEN -28%, MBOT -23%, LPL -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 +4 Dow Jones Industrial Average +30 NASDAQ +19 Russell 2000 +1.29. Fair values are lower adding to gains. Asia mixed and Europe mixed.

Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures modestly higher. Natural Gas is higher. $ is lower vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $128.31 from $128.30 with yields at  1.907% from 1.908%. Prices as of 9:00 a.m. EDT.

Positive Sectors On Tuesday: Conglomerates and Real Estate of note.

Negative Sectors On Tuesday: Industrials.

One Month Winners: Healthcare, Materials, Energy, Consumer Goods and Technology.

Three Month Winners: Healthcare, Consumer Goods and Technology.

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

Twelve Month Winners: Technology, Industrials and Services.

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

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

Today After The Close:  

None of note.

Tuesday Before The Open:

None of note.

Earnings This Morning Of Note

Beat:

 None of note.

Missed:   

 None of note.

Still to Report:

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

Top News Story:  

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

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

Stocks making the biggest move this morning. (CNBC)

Treasury Secretary Steven Mnuchin notes that the Phase One China Deal should be released soon. (CNBC)

China increased soybean purchases in November to 2.56 million tons from 1.147 million tons in October. (Reuters)

China to review state run enterprises in 2020. (Bloomberg)

U.S. Retail Sales from November 1st through Christmas Eve rose 3.4% and online sales rose 18.8%. (WSJ)

Palladium drops 5% as profits taken. (CNBC)

Stock Index Tracking

All  stock indexes remain strong. Current through 12/24.

Bold means a change from prior day.

The advance/decline line model is now a buy though it is struggling with the recent action. Updated through 12/24. Year to date model up 16.54% on the S&P 500. 5 buy signals and 4 cash signals in 2019. Current signal is a buy and is up 7.81%.

YTD 65% (+1% change week over week) of stocks are higher and 35% are lower. Updated  through 12/13 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 12/24.

Economic & Related:

The MBA Mortgage Application Index fell -5.3% week over week.

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

$32 billion 7 Year Notes Auction at 1:00 p.m. EDT.

Geopolitical:      

President Trump is in Florida for Christmas and there is nothing on his schedule.

Conferences & Analyst Meetings: 

Investor/Analyst Days & Conference Calls of Note:  None of note.

Sellside Conferences: None of note.

Industry Conferences: None of note.

M&A Activity

Upgrades & Downgrades – Updated through 8:30 a.m. EDT

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