09.30.2022 11 new Morning Note posts under Morning Note (10) and CAPIS Insights (1)

Morning Note


Morning Note

"CAPIS Morning Note -1/13/20 Healthcare Front And Center With JP Morgan Healthcare Conference"

posted by CAPIS on 01/13/2020 at 7:36 am


01/13/2020 at 7:36 am

IPOs on deck:  None of note.

IPOs Filed:  None of note after the close.

Secondaries Priced:  LK of note.

Notes Priced: None of note.

Common Stock filings:  PE of note.

Mixed Shelf Offerings:  FTSV AI CLNY ICAD AXGT of note.

Convertible Offering Files: None  of note.

Senior Notes Filed:  None of note.

Courtesy of IPO Financial

Earnings After The Close:


 None of note.


 None of note.

Hourly Action This Week: Updated 1/10

News After The Close (In Order of Time)

Boot Barn Holdings (BOOT) issues upside preliminary revenue and EPD results for Q3.

FAA proposes $3.92 million fine against Southwest (LUV) and $5.4 million against Boeing (BA) over incorrect calculation for weight levels.

Cohu (COHU) reaffrims Q4 revenues and notes 5-G driven orders accelerated in late Q4.

Iran acknowledges it accidently shot down the Ukranian Passenger Jet.

Taiwan President Tsai Ing-wen wins reelection.

Treasury Secretary Mnuchin notes Boeing (BA) issues could cut 0.50% off GDP.

Barron’s + on BAC C GS JPM MS WFC and – on AAPL.

Stock Repurchase Announcements:  None of note.

Dividend Increase:   None of note.

Gap Higher: ADAP +58%, NVTA +10%, JMEI +8%, BLDP +7%, AMRN +6%, HXL +4%, DDD +4%, TCON +4%, PENN +4%

Gap Lower: SSI -45%, EXAS -6%, RRC -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 +10 Dow Jones Industrial Average +81  NASDAQ +36 Russell 2000 +4.81. Fair values are mixed. Asia  and Europe higher to mixed.

Gold and silver lower with copper higher. WTI Crude Oil  and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, hiher vs Pound and higher vs Yen. US 10 year Treasury price is at $128.97 from $128.88 with yields at 1.835% from 1.867%. Prices as of 8:15 a.m. EDT.

Positive Sectors On Friday: Real Estate, Utilties and Conglomerates of note.

Negative Sectors On Friday: Industrials, Materials and Financials 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:  

None of note.

Tuesday Before The Open:


Earnings This Morning Of Note


None of note.


SJR -0.03 of note.

Still to Report:

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)

U.S. officials to Great Britain to discuss ban on Huawei 5G equipment. (Reuters)

President Trump authorized the killing of Soleimani 7 months ago. (CNBC)

Iranian protests turn violent. (Bloomberg)

Lululemon Athletica (LULU) raises Q4 EPS, revenue and comp guidance.

Exact Sciences (EXAS) raises Q4 revenues above consensus.

Cutera (CUTR) raises Q4 revenues above consensus.

GW Pharma (GWPH) raises Q4 revenues above consensus.

Alnylam Pharma (ALNY) lowers Q4 revenues below consensus.

Many other guidance changes out of JP Morgan Healthcare Conference.

Stock Index Tracking

All  stock indexes have improved recent weakness. Current through 1/10 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 1/10. 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%.

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 1/10. Volatility is starting to rise.

Economic & Related:

The latest NYSE and NASDAQ Short Interest is  out after Friday’s close and saw NYSE fall by and NASDAQ rise by .


President Trump will have lunch with the vice president, then get his intelligence briefing at 2:00 p.m. EDT before heading to New Orleans for the College Football Playoff National Championship between Clemson and LSU.

Federal Reserve Boston President Eric Rosengren will speak at 10:00 a.m. EDT.

Federal Reserve Atlanta President Raphael Bostic will speak at 12:40 p.m. EDT.

Meetings, Calls & Conferences

Investor/Analyst Days & Conference Calls of Note:  TDOC (Conference Call)

Sellside Conferences: Commerzbank German Investment Seminar (1/13/2020-1/15-2020). Morgan Stanley Annual Latin America Executive Conference (1/13/20-1/14/20). UBS Midstream, MLP & Utilities One on One Conference (1/13/20-1/15/20). UBS Greater China Conference (1/13/2020-1/1/2020).  JP Morgan Annual Healthcare Conference (1/13/2020-1/16/2020).

Industry Conferences: American Society for Reconstructive Microsurgery Annual Meeting (1/10-1/14). American Society for Peripheral Nerve Annual Meeting. (1/10-1/12). NFR 2020:Retail’s Big Show (1/11/20-1/14/20). Advanced Automotive Battery Conference Europe 2020 (1/12/20-1/16/2020). American Association for Cancer Research Special Conference on Advances in Liquid Biopsies (1/13/2020-1/16/2020). ICR Xchange Conference 2020 (1/13/2020-1/15/2020). EBD Group Biotech Showcase 2020 (1/13/2020-1/15/2020).

M&A Activity

Woodward (WWD) and Hexcel (HXL) to merge, equal merger.

Teladoc (TDOC) to buy InTouch Helath, conference call  at 12:00 p.m. EDT.

Upgrades & Downgrades


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