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01.24.2020 11 new posts under Morning Note (9), CAPIS News (1), Compliance Docs. (1)

Morning Note

News

Morning Note

"CAPIS Morning Note – 1/9/20 Futures Up Sharply On China Coming To U.S."

posted by CAPIS on 01/09/2020 at 7:35 am

by CAPIS

01/09/2020 at 7:35 am

IPOs on deck:  None of note.

IPOs Filed:  None of note after the close.

Secondaries Priced: MIRM APLS OSMT  of note.

Notes Priced:  None of note.

Common Stock filings: None of note.

Mixed Shelf Offerings: MRTX of note.

Convertible Offering Files:  MDB of note.

Senior Notes Filed:  None of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat:

HELE +0.63, JEF +0.39  of note.

Missed:

BBBY -0.41 of note.

Hourly Action This Week: Updated 1/7

News After The Close (In Order of Time)

Rockets hit in the Green Zone in Baghdad yesterday after the close.

Bed Bath & Beyond (BBBY) withdraws full year guidance.

Chicos FAS (CHS) raises Q4 outlook but CFO leaves.

AT&T (T) reaffirmed guidance at investor conference.

Stock Repurchase Announcements:  None of note.

Dividend Increase: EFC of note.

Gap Higher: CHS +25%, DBVT +22%, NBRV +11%, HELE +6%, MIRM +6%, AZZ +4%

Gap Lower: TUFN -30%, BBBY -8%, MRTX -6%, GMED -6%,

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

S&P 500 +16 Dow Jones Industrial Average +150 NASDAQ +61 Russell 2000 +7.96. Fair values are lower. Asia  and Europe higher.

Gold, silver and copper lower. WTI Crude Oil higher and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $128.75 from $129.22 with yields at 1.867% from 1.823%. Prices as of 8:30 a.m. EDT.

Positive Sectors On Wednesday: Consumer Goods, Technology and Healthcare of note.

Negative Sectors On Wednesday: Materials, Energy and Utilities of note.

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:  

SNX JEF KBH WDFC PSMT of note.

Friday Before The Open:

 INFY of note.

Earnings This Morning Of Note

Beat:

LNN +0.22, AZZ +0.04, SMPL +0.02 of note.

Missed:   

None of note.

Still to Report: AYI

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

Top News Story:  

Stocks making the biggest news. (CNBC)

5 Things To Know To Start Your Day. (Bloomberg)

5 Things To Know This Morning. (CNBC)

Chinese Vice Premier Liu He will travel to Washington D.C. to sign Phase One of the Trade Deal with the U.S. (Bloomberg)

The Ukraine Boeing (BA) plane was on fire prior to crashing and as such it have been a hostile act that took the plane down. (WSJ)

World Bank warns of a global crisis in rising debt levels. (CNBC)

Verizon (VZ) will eliminate cable bundles. (WSJ)

Voya (VOYA) may sell its insurance units. (FT)

Facebook (FB) again declines to end political ad targeting. (CNBC)

Kohls (KSS) holiday comps -0.2% versus 2018 and 2019 EPS to be at low end of range.

AQR to cut 5-10% of global workforce after underperforming in 2019.

J.P. Morgan (JPM) to raise the annual fee of the Sapphire Card.

Stock Index Tracking

All  stock indexes remain strong but the 5 day moving averages have failed. Current through 1/8 close.

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 1/8. In 2019, the model up 16.48% on the S&P 500. 5 buy signals and 4 cash signals in 2019. Current signal is a buy and is up 9.88%.

YTD 65% (+1% change week over week) of stocks are higher and 35% are lower. Updated  through 12/27 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 1/8. Volatility is starting to rise.

Economic & Related:

Weekly Jobless Claims are due out at 10:30 a.m. EDT.

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

$16 billion of 30 Year Treasury Note Auction.

Geopolitical:      

President Trump will announce at 11:00 the National Environmental Policy Act. President Trump to hold a Keep America Great rally in Toledo, OH at 7:00 p.m. EDT.

House Democrats to hold a vote today to limit President Trump’s power against Iran. (NYT)

Federal Reserve Vice Chairman Richard Clarida to speak at 8:00 a.m. EDT.

Federal Reserve St. Louis President James Bullard to speak at 1:20 p.m. and 2:00 p.m. EDT.

Meetings, Calls & Conferences

Investor/Analyst Days & Conference Calls of Note: MNST CASY (Investor Meeting)

Sellside Conferences: None of note.  Credit Suisse ASEAN Conference (1/8-1/10).

Industry Conferences: Consumer Electronic Show (CES) (1/7-1/10)

M&A Activity

Proctor & Gamble (PG) to buy Billie, no terms.

Upgrades & Downgrades

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