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

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"CAPIS Morning Note -2/6/20 Futures Higher For The Fourth Day In a Row But Off Highs"

posted by CAPIS on 02/06/2020 at 7:32 am

by CAPIS

02/06/2020 at 7:32 am

IPOs on deck:  Casper Sleep (CSPR). Deal priced at $12 a share down from $15-18 a week ago. Beam (BEAM). Priced at $17. Schrodinger (SDGR). Priced at $17. PPD (PPD). Priced at $27.

IPOs Filed:  None of note.

Secondaries Priced: CCC of note.

Notes Priced: PAR of note.

Common Stock filings: AGTC of note.

Mixed Shelf Offerings:   GM RGCO of note.

Convertible Offering Files:  None of note.

Senior Notes Filed: None of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat: 

MET +0.60, CCMP +0.31, IRBT +0.29, FMC +0.22, UGI +0.17, HI +0.16, CSGS +0.15, TTMI +0.14, ACLS +0.13, ICHR +0.12, MC +0.12, CINF +0.12, FOXA +0.11, PTON +0.11, FORM +0.10, ELF +0.09, COHR +0.09, PAYC +0.09, RDN +0.09, YUMC +0.08, WERN +0.07, RAMP +0.06, NTGR +0.05, ADTN +0.05, ENSG +0.05, SAVE +0.04, CENT +0.04, CTSH +0.03, NUAN +0.03, FEYE +0.03, TWLO +0.03, AVB +0.02, ECHO +0.02, SONO +0.02, AOSL +0.02, RYN +0.02, MPWR +0.01, OHI +0.01 of note.

Missed: 

UHAL (2.31), IAC (0.83), MTRX (0.15), DHT (0.11), TWO (0.11), SU (0.10), GPRO (0.09), ENS (0.09), ANGI (0.07), ZNGA (0.06), QCOM (0.06), RGLD (0.04), CDAY (0.03), CUB (0.03), GRUB (0.02), TBI (0.02), ORLY (0.02), CUZ (0.01), GLUU (0.01) of note.

Flat:

FLO +0.00, LCI +0.00, LNC +0.00, MXL +0.00, QNST +0.00

Hourly Action This Week: Updated 2/4

News After The Close (In Order of Time)

Albemarle (ALB) CEO Luke Kissam to retire due to health concerns in June.

The Senate voted to aquit President Trump 52-48 amd 53-47 on the two charges. Impeachment over.

Costco (COST) reports January Sales rose 8%.

Yum China (YUMC) reports Q1 to be impacted by coronavirus.

Leidos (LDOS) wins $7.7 billion U.S. Navy contract.

Anheuser-Busch In Bev (BUD) CFO and CTO Felipe Dutra resigns.

Stock Repurchase Announcements: ORLY SMG

Dividend Increases: KMPR ES MPWR CTSH PBA AVA CME SU  EQNR ODFL NYT

Gap Higher: RAMP +9%, ELF +9%, SONO +9%, ARWR +8%, USX +8%, QNST +6%, IRBT +6%, NGL +5%, GLUU +5%, ACLS +5%, CSGS +4%

Gap Lower: FNKO -39%, ENS -13%, CDAY -12%, MTRX -12%, GPRO -11%, UHAL -9%, PTON -8%, AGTC -7%, NTGR -7%, ANGI -7%, TWLO -6%, TWO -5%, FEYE -4%, PAYC -4%, BLL -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 +10.56 Dow Jones Industrial Average +94  NASDAQ +37 Russell 2000 +5.8. Fair values are lower. Asia and Europe  higher.

Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is lower. $ is lower vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $130.55 from $130.63 with yields at 1.659%.  Prices as of 8:15 a.m. EDT.

Positive Sectors On Wednesday: Materials, Industrials, Healthcare and Financials of note.

Negative Sectors On Wednesday: Conglomerates 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:   

TMUS UBER ATVI BIDU MSI FLT FTV VRSN AMCR FTNT SGEN MTD WYNN TTWO ZEN CSL of note.

Friday Before The Open:

 ABBV HMC FE  CBOE CNHI  AVTR CAE MSG CCI UFS GRC ROAD of note.

Earnings This Morning Of Note

Beat:

REGN +0.59, CAH +0.30, BMY +0.28, MBUU +0.25, EL +0.21, EIGI +0.15, NYT +0.14, TPR +0.11, SPGI +0.11, CI +0.11, CDW +0.09, NRZ +0.09, VSTO +0.08, PBH +0.06, SNY +0.06, EAF +0.06, WLTW +0.04, USX +0.04, BLL +0.04, DNKN +0.03, TGI +0.03, FCAU +0.02, GLT +0.01, HAIN +0.01, PM +0.01, BDX +0.01 of note.

Flat: 

BV +0.00, PRLB +0.00, MMS +0.00, ICE +0.00, MAC +0.00, SNA +0.00

Missed:   

GLOP (2.85), MT (1.91), PENN (1.15), ABMD (0.70), AGCO (0.61), ARCH (0.54), NJR (0.33), YUM (0.13), WMS (0.10), SBH (0.09), BCO (0.05), HL (0.04), PTEN (0.02), TWTR (0.02), NGL (0.01), BCE (0.01), XYL (0.01), COR (0.01), TSN (0.01), ODFL (0.01) of note.

Still To Report:  ALNY, ARW, BGCP, K, KEM, MPW, MDP, THR, WWE

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)

Coronavirus update. 64 die yesterday bringing total to 560. (Bloomberg)

U.S. and China clash at WHO. (CNBC)

Coronavirus cases rise to over 28,000 a 35% increase in the past few days. (NYT)

China cuts tariffs on $75 billion of goods by 50%. (Press Release)

OPEC may cut by 600,000 barrels a day. (CNBC)

Iowa Caucus sees Sanders and Buttigieg in a virtual tie. (Election Results)

Huawei Technologies files lawsuit against Verizon (VZ) over patents. (WSJ)

Lumber Liquidators (LL) CEO Dennis Knowles resigns as of yesterday.

Stock Index Tracking

All  stock indexes are back in the green, rather amazing three days. Current through 2/5 close.

Bold means a change from prior day.

The advance/decline line model moved to cash last Friday. Updated through 2/5. 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 2/5.

Economic & Related:

Weekly Jobless Claims are due out at 8:30 a.m. EDT.

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

Geopolitical:      

President Trump will attend the National Prayer Breakfast this morning.  Then at noon delivers remark to new Ambassadors. Then at 1:50 p.m. EDT meets with the President of Kenya. Last, at 4:30 p.m. EDT receives a Coronavirus Task Force update.

Federal Reserve Governor Randal Quarles will speak at 7:15 p.m. EDT.

Meetings, Calls & Conferences

Investor/Analyst Days & Conference Calls of Note: SGLB (Webinar) CYCY RHHBY (Conference Call) ZION (Investor Day)

Sellside Conferences: None of note. JP Mprgan Thailand Conference.

Industry Conferences: NAPE Summit 2020 ((2/3-2/7).Global Hydrogen Energy Summit. (2/4-2/7). World of Concrete (2/4-2/7). Microstrategy 2020 (2/4-2/6). SEMICON Korea (2/4-2/7). American Society of Clinical Oncology and Society for Immunotherapyof Cancer Clinical Immuno Oncology Symposium Annual Meeting (2/6-2/8)

M&A Activity

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