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

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"CAPIS Morning Note – 1/29/20 FOMC Announcement at 2:00, WHO at 11:00 a.m. On Coronavirus"

posted by CAPIS on 01/29/2020 at 7:56 am

by CAPIS

01/29/2020 at 7:56 am

IPOs on deck:  None of note.

IPOs Filed:  None of note.

Secondaries Priced:  DNLI BHVN of note.

Notes Priced: None of note.

Common Stock filings:  CERS ESTA BHVN of note.

Mixed Shelf Offerings: None of note.

Convertible Offering Files: LYV of note.

Senior Notes Filed:  PTC of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat: 

NVR +5.41, AAPL +0.45, MSTR +0.35, UMBF +0.19, MKSI +0.13, MINI +0.10, BXP +0.07, MRCY +0.06, XLNX +0.06, RXN +0.06, ALK +0.05, EBAY +0.05, OSIS +0.04, MTSI +0.04, CMRE +0.04, SYK +0.03, CNI +0.03, SBUX +0.03, AMD +0.02, EQR +0.02, MXIM +0.02, PFG +0.02, FHB +0.01, SKY +0.01  of note.

Missed:

CHRW (0.23), RGA (0.23), WRB (0.10), FCF (0.01) of note.

Flat:

SLGN +0.00, TRMK +0.00

Hourly Action This Week: Updated 1/28

News After The Close (In Order of Time)

Match Group (MTCH) CEO Mandy Ginsberg steps down for personal reasons.

Apple (AAPL) has shut down one store in China and cut employee travel to China for the time being.

Stock Repurchase Announcements: TRMK POL SC(Dutch Auction)  of note.

Dividend Increases:  ALK  MINI (declares for first time) FHN EBAY TRMK ROL IBKC FCF FFWM of note.

Gap Higher: MTSI +13%, MSTR +6%, MINI +5%, MXIM +5%

Gap Lower: BHVN -10%, CHRW -8%, XLNX -8%, EBAY -5%, CERS -5%, DNLI -4%, AMD -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 higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is lower. $ is higher vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $130.72 from $130.78 with yields at 1.63% from 1.60%.  Prices as of 8:45 a.m. EDT.

Positive Sectors On Tuesday: Technology, Services, Consumer Goods and Financials of note.

Negative Sectors On Tuesday: None 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:  

MSFT FB PYPL TSLA MDLZ NOW LVS ILMN LRCX ADP AMP ALGN ESS MAA HOLX QRVO VAR of note.

Thursday Before The Open:

 KO LLY DHR TMO MO UPS NOC RTN EPD MMC SHW BIIB DD TFX BX ROP VLO XEL WEC PH  ALXNof note.

Earnings This Morning Of Note

Beat:

EVR +0.37, PB +0.22, TROW +0.10, SMG +0.09, ADP +0.08, TEL +0.07, CVLT +0.07, GD +0.07, EAT +0.06, SC +0.06, DOW +0.05, NVS +0.05, ANTM +0.05, AVY +0.04, RES +0.04, TXT +0.03, DT +0.03, GE +0.03, GLW +0.02, LFUS +0.02, FCFS +0.02, NDAQ +0.02, NYCB +0.01, UBSI +0.01, T +0.01, MKTX +0.01 of note.

Flat:

EXTR +0.00, MCD +0.00, ROK +0.00

Missed:   

MPLX (1.19), BA (0.50), MPC (0.17), HES (0.12), OSK (0.06), SLAB (0.05), SXC (0.05), IVZ (0.02), IR (0.02), ROL (0.01), SWK (0.01)  of note.

Still To Report:  CP, GIB, KNX, MA, NSC, PGR, SNDR, SILC, SPR

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 Wednesday. (CNBC)

Impeachment proceedings begin cross examination today. (NYT)

Coronavirus update sees cases rise to over 6,000, surpassing SARS. (CNBC)

WHO to hold a press conference on Coronoavirus at 11:00 a.m. EDT. (Bloomberg)

Collateral damage from the air strike in Iraq rises to 50 brain injuries, from Pentagon. (NYT)

L Brands CEO Leslie Wexner to step aside and push for strategic alternatives at Vicotria’s Secret. (CNBC)

Boeing (BA) has first annual loss since 1997, with quarterly loss of $2.33. (CNBC)

Stock Index Tracking

All  stock indexes in trouble. Current through 1/28 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 1/28. In 2019, the model was 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 1/28.

Economic & Related:

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

Weekly MBA Mortgage Applications rose 7.2% week over week.

December Pending Home Sales are due out at 10:00 a.m. EDT and is expected to fall to 1.0% from 1.20%.

Weekly Crude Oil Inventories are due out at 10:30 a.m. EDT.

Geopolitical:      

President Trump will sign the USMCA Trade Agreement at 11:00 a.m. EDT. No other scheduled events.

The latest Federal Reserve Open Market Committee (FOMC) announcement is due out at 2:00 p.m. EDT followed by a press conference at 2:30 p.m. EDT. No change is expected. 

Meetings, Calls & Conferences

Investor/Analyst Days & Conference Calls of Note: OVV (Webcast) KMI TRHC (Analyst Meeting) GS (Investor Day)

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

Upgrades & Downgrades

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