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

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"CAPIS Morning Note – 1/31/20 Advance/Decline Moves To Cash For First Time Since October"

posted by CAPIS on 01/31/2020 at 7:48 am

by CAPIS

01/31/2020 at 7:48 am

IPOs on deck:   None of note.

IPOs Filed:  None of note.

Secondaries Priced:  POL of note.

Notes Priced:  S of note.

Common Stock filings: None 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: 

AMZN +2.49, VRTX +0.62, DECK +0.57, X +0.51, CACC +0.31, SIGI +0.27, EA +0.27, AMGN +0.23, CVCO +0.23, HA +0.22, RMD +0.18, HTH +0.16, AJG +0.15, FII +0.13, ARCB +0.11, EMN +0.09, LPLA +0.09, NATI +0.06, PFPT +0.05, LEVI +0.05, MITK +0.05, OTEX +0.05, EW +0.04, WDC +0.04, FLEX +0.04, MTX +0.04, POWI +0.04, NVST +0.03, NFG +0.03, SKYW +0.02, MATW +0.02, EPAY +0.01, CPT +0.01, RHI +0.01, BZH +0.01 of note.

Missed:

CE (0.13), FICO (0.06), V (0.01) of note.

Flat:

AIV +0.00, HAYN +0.00

Hourly Action This Week: Updated 1/29

News After The Close (In Order of Time)

IBM Corp (IBM) CEO Gini Rommetty will retire at year end and Arvind Krishna will replace Rommetty as CEO but he will continue as Executive Chairman of the Board.

World Wrestling (WWE) Co-Presidents George Barrios and Michelle Wilson are fired immediately with Frank Riddick named interim CFO.

Navistar (NAV) up 48% on Bloomberg report that Volkswagen could buy the remainder of shares it does not own. Currently, owns 17%.

Dropbox (DBX) names Olivia Nottebohm as new Chief Operating Officer.

Amazon (AMZN) goes over 150 million paid Prime  members.

Stock Repurchase Announcements: V SF

Dividend Increases: NATI CAPT NXST 

Gap Higher: NAV +58%, FLEX +11%, NATI +10%, AMZN +9%, WDC +5%, DECK +4%, EW +4%, IBM +4%, X +4%

Gap Lower: WWE -24%, CE -5%, WY -5%, BZH -5%, LYB -4%, AVD -4%, AMGN -4%, CACC -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 -6 Dow Jones Industrial Average -142  NASDAQ +45 Russell 2000 -7.52. Fair values are lower. Asia mostly lower and Europe  mixed

Gold, silver and copper lower. WTI Crude Oil higher and Brent Oil Futures lower. Natural Gas is higher. $ is lower vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $131.33 from $131.22  with yields at 1.549% from 1.575%.  Prices as of 8:25 a.m. EDT.

Positive Sectors On Thursday: Financials, Utilities and Consumer Goods of note.

Negative Sectors On Thursday:  Healthcare, Conglomerates and Materials 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:  

None of note as Friday.

Monday Before The Open:

 SYY CHKP ON CTLT ACM AMG AEIS SAIA ABG MMYT NSSC of note.

Earnings This Morning Of Note

Beat:

PSX +6.41, CHTR +1.06, XOM +0.88, ADNT +0.62, MAN +0.29, CAT +0.25, VRTS +0.19, IDXX +0.14, PSXP +0.11, AON +0.06, BERY +0.05, BAH +0.05, CHD +0.03, JCI +0.02, KKR +0.02, HON +0.02  of note.

Flat:

WETF +0.00, CL +0.00

Missed:   

 LYB (0.42), BR (0.18), SBSI (0.06), WY (0.02)of note.

Still To Report:  

 CYOU, CVX, GNTX, ITW, IMO, PFS, SOGO, SOHU, 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 Friday. (CNBC)

Coronavirus update moves to 10,000. (Bloomberg)

U.S. and Japan tell their citizens to avoid travel to China due to Coronavirus. (Bloomberg)

Senator Lamar Alexander will vote against witnesses which means unlikely witnesses will be called. (The Hill)

Rapid acquittal likely for President Trump. (Bloomberg)

Marathon Petroleum (MPC) may sell Speedway unit. (Bloomberg)

Hilton Grand Vacations (HGV) auction in now doubt due to the parent’s concern that will affect Hilton brand. (NY Post)

Stock Index Tracking

All  stock indexes in trouble. Current through 1/30 close.

Bold means a change from prior day.

The advance/decline line model MOVES TO CASH THIS MORNING. Updated through 1/30. In 2019, the model was up 16.48% on the S&P 500 and this year is up 2.08%. 5 buy signals and 4 cash signals in 2019. Current buy signal ended with a gain of 9.83% and began on 10/17/19.

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 1/30.

Economic & Related:

December Personal Income is due out 8:30 a.m. EDT and the estimate is for a drop of -0.3% from 0.5%.

January Chicago PMI is due out at 9:45 a.m. EDT and is expected to fall to 48.7 from 48.9.

January University of Michigan Consumer Sentiment (final) is due out at 10:00 a.m. EDT and is expected to remain at 99.10.

Geopolitical:      

President Trump will deliver remarks on the 20th anniversary of the Trafficking Victims Protection Act of 2020 at 12:15 p.m. and then later in the afternoon heads to Mar-a-Lago.

Brexit will take effect as we enter February.

Meetings, Calls & Conferences

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

Sellside Conferences: CIBC Annual Western Instiutional Investor Conference (1/28-1/31).

Industry Conferences:

M&A Activity

ResMed (RMD) to buy SnapWorx, no terms.

Navistar (NAV) receives a bid from Volkswagen for $35 a share in cash.

Cott (COT) to sell S&D Coffee & Tea to Westrock Coffee for $405 million.

Upgrades & Downgrades

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