New!
02.24.2020 9 new Morning Note posts under Morning Note (9)

Morning Note

News

Morning Note

"CAPIS Morning Note – 1/28/20 Futures Rebounding This Morning"

posted by CAPIS on 01/28/2020 at 7:38 am

by CAPIS

01/28/2020 at 7:38 am

IPOs on deck:  None of note.

IPOs Filed:  None of note.

Secondaries Priced:  None  of note.

Notes Priced: None of note.

Common Stock filings: ALEC of note.

Mixed Shelf Offerings:  ABTX of note.

Convertible Offering Files: None  of note.

Senior Notes Filed:  None of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat: 

WHR +0.64, FFIV +0.12, SANM +0.09, GGG +0.09, HTLF +0.06, TCF +0.06, PKI +0.02, ASH +0.01, BRO +0.01, JNPR +0.01, NBTB +0.01  of note.

Missed:

RMBS (0.34), WSBC (0.09), JJSF (0.05) of note.

Flat:

CR +0.00, ELS +0.00, LRN +0.00

Hourly Action This Week: Updated 1/27

News After The Close (In Order of Time)

Despegear.com (DESP) to buy Best Day Travel Group for $136 million.

Laureate Education (LAUR) looks at strategic alternatives for all businesses.

Boeing (BA) secures $12 billion in financing from banks. (CNBC)

Stock Repurchase Announcements:   None of note.

Dividend Increases: HESM SFNC of note.

Gap Higher: XLRN +66%, DLPH +49%, SURF +17%, XRX +4%

Gap Lower: AVH -22%, BWA -8%, EROS -7%, RMBS -5%, GO -5%, SAP -5%, LRN -5%, ENDP -4%, FFIV -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 +18 Dow Jones Industrial Average +132  NASDAQ +72 Russell 2000 +13.86. Fair values are lower. Asia mostly lower and Europe  mixed

Gold, silver and copper lower. WTI Crude Oil is 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 $130.78 from $130.73  with yields at 1.60% from 1.627%.  Prices as of 8:15 a.m. EDT.

Positive Sectors On Monday: None of note.

Negative Sectors On Monday: Materials, Energy, Technology, Consumer Goods and Services of note.

One Month Winners: Conglomerates, Utilities, Technology and Consumer Goods.

Three Month Winners: Healthcare, Consumer Goods and Technology.

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

Twelve Month Winners: Consumer Goods,Technology, Utilities, Industrials and Services.

Year to Date: Conglomerates, Utilities, Technology, Consumer Goods and Industrial Goods.

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

Today After The Close:  

AAPL SBUX SYK CNI AMD EQR EBAY XLNX BXP MXIM PFG NVR WRB CHRW RGA RGA ALK of note.

Wednesday Before The Open:

MA T NVS BA MCD GE ANTM ADP NSC GD PGR DOW MPC CP TEL IR TROW RCL MPLX SWK ROK  of note.

Earnings This Morning Of Note

Beat:

 LEA +0.43, LMT +0.26, XRX +0.24, CIT +0.19, SAP +0.11, UTX +0.10, ALV +0.07, FBC +0.05, POL +0.04, PII +0.04, PHM +0.04, PNR +0.03 of note.

Flat:

FBP +0.00, GPK +0.00, GWB +0.00, PHG +0.00, MKC +0.00

Missed:   

MMM (0.15), PFE (0.03), AOS (0.03), HOG (0.02)  of note.

Still To Report:  

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

Top News Story:  

Stocks making the biggest moves. (CNBC)

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

Five Things To Know Before Market Opens Monday. (CNBC)

Coronavirus latest stats sees killed 106 and 4,515 infected in China. (CNBC)

China aims to stop travel to Hong Kong to limit spread of Coronavirus. (Bloomberg)

U.S. drug companies are sending antiviral drugs to China to try to solve Coronavirus. (WSJ)

Asian suppliers warn that may not be able to hit 10% increase in production for Apple (AAPL). (Nikkei)

Britain allows Huawei to produce 5G products for the country, but not the inner core.

Stock Index Tracking

All  stock indexes in trouble. Current through 1/27 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 1/27. In 2019, the model up 16.48% on the S&P 500 and this year is up 2.28%. 5 buy signals and 4 cash signals in 2019. Current signal is a buy and is up 10.23%.

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 1/27.

Economic & Related:

The latest NYSE and NASDAQ short interest data through January 15th settlement came out after the close and NYSE fell -0.01% while NASDAQ rose 0.23%.

December Durable Goods is due out at 8:30 a.m. EDT and is expected to rise to 0.5% from -2.0%.

November Case Schiller Home Price Index is due out at 9:00 a.m. EDT and expected to rise to 2.5% from 2.2%.

January Consumer Confidence is due out at 10:00 a.m. EDT and is expected to rise to 128 from 126.50.

The latest API Petroleum Institute Data is due out at 4:30 p.m. EDT.

Geopolitical:      

President Trump will spend a second day with Israeli Prime Minister Netanyahu and then receive his intelligence briefing at 2:00 p.m.EDT before leaving for a Keep America Grea rally in New Jersey at 7:00 p.m. EDT.

Federal Reserve will start a two day meeting and conclude tomorrow in an announcement at 2:00 p.m. EDT.

$32 billion of 7 Year Notes to be auctioned at 1:00 p.m. EDT.

Meetings, Calls & Conferences

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

Sellside Conferences: Credit Suisse Latin America Investment Conference (1/28-1/29). CIBC Annual Western Instiutional Investor Conference (1/28-1/31).

Industry Conferences: Association for Research in Otolaryngology43rd Annual MidWinter meeting (1/25-1/29). DesignCon 2020 (1/28-1/30).

M&A Activity

Dover (DOV) to buy So, Cal Soft-Pak, no terms.

Upgrades & Downgrades

About the Author

[Author info unavailable]

Subscribe to Stay Informed

Stay informed by subscribing to information that matters to you. We'll email you when we post new content you want to see.


DISCLAIMER

This communication is for informational purposes only and is solely intended for use by institutional investors. Use of this communication by others, including retail investors, is prohibited. No statement herein is to be construed as a recommendation to purchase or sell a security, or to provide investment advice. Certain products, including options and futures, may involve substantial risk and are not suitable for all investors. The information on this webpage is provided by an independent third party. While the information and opinions presented in this material have been obtained or derived from sources believed by Capital Institutional Services, Inc. (CAPIS) to be reliable, CAPIS makes no representations concerning its accuracy or completeness, and accepts no liability for loss arising from the use of this material.