IPOs on deck: None of note.
IPOs Filed: Warner Music Group files.
Secondaries Priced: AGTC ADMA RAPT of note.
Notes Priced: SGH of note.
Common Stock filings: ADMA CRBP of note.
Mixed Shelf Offerings: TCP PH CE of note.
Convertible Offering Files: SGH of note.
Senior Notes Filed: None of note.
Earnings After The Close:
PMT +1.34, SYNA +0.59, SGEN +0.51, ATVI +0.32, CCS +0.23, DLX +0.21, CSL +0.19, NLOK +0.17, DXC +0.17, MSI +0.14, VVI +0.13, VSAT +0.11, SIMO +0.09, MTD +0.08, FTNT +0.07, EGAN +0.07, LGND +0.07, FTV +0.06, MTW +0.06, TDC +0.06, ENTA +0.05, UBER +0.04, TWOU +0.04, PINS +0.04, BKH +0.04, TMUS +0.03, NWSA +0.03, EXPO +0.03, FLT +0.03, BHE +0.02, VRTU +0.02, BILL +0.02, ONTO +0.02, EGP +0.01, HUBG +0.01, SKX +0.01, G +0.01 of note.
WYNN (1.59), NOV (1.18), TWST (0.86), POST (0.37), TSE (0.13), TTWO (0.09), LGF.A (0.09), COLM (0.08), FWRD (0.07), UEPS (0.07), MYGN (0.06), EHC (0.02), VRSN (0.02), PRO (0.02), MOBL (0.02), LMAT (0.01), OMCL (0.01), BRKS (0.01), NTUS (0.01) of note.
OFC +0.00, VCRA +0.00, ZEN +0.00
Hourly Action This Week: Updated 2/6
News After The Close (In Order of Time)
Myriad Genetics (MYGN) names CFO Bryan Riggsbee as interim CEO.
Leidos (LDOS) wins $7.7 billion contract from the Navy.
Circor (CIR) CFO Chadi Chahine to leave the company on March 2nd.
Dr. Li Wenliang who figured out coronavirus and was silenced has died from the disease. The death has brought criticism to China.
IntercontinentalExchange (ICE) will no longer seek to buy eBay (EBAY).
Uber (UBER) moves up timeline to profitability to Q4 2020.
Russia refuses to cut oil production due to coronavirus per The Wall Street Journal.
Aurora Cannabis (ACB) CEO Terry Booth resigns then names Chairman Michael Singer interim CEO. Also, adds independent Board members , announces restructuing and lowers Q2.
Bloomberg reports that several entities may wish to purchase CNET from Viacom (VIAC).
Stock Repurchase Announcements: VZ LEA ALLE BUSE
Dividend Increases: CHCT G LEA LAMR ALLE
Dividend Decrease: SPR
OCN +39%, EGAN +17%, PINS +16%, SYNA +15%, SKX +13%, COLL +11%, ADRO +9%, BILL +8%, UBER +7%, CCS +7%, DXC +7%, NLOK +6%, SOHU +6%, TWOU +6%, NOV +5%, SIMO +4%
ZGNX -30%, MYGN -29%, ACB -16%, LMAT -15%, MTW -14%, GOOS -12%, ADMA -10%, MOBL -9%, CRBP -8%, TTWO -8%, EBAY -7%, TSE -6%, FLT -6%, COLM -5%, VRSN -4%, POST -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 -8 Dow Jones Industrial Average -98 NASDAQ -24 Russell 2000 -1.86. Fair values are lower except for the Dow. Asia and Europe lower.
Gold, silver and copper lower. WTI Crude Oil 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 $130.75 from $130.55 with yields at 1.618% from 1.659%. Prices as of 8:25 a.m. EDT.
Positive Sectors On Thursday: Technology, Conglomerates and Consumer Goods of note.
Negative Sectors On Thursday: Materials and Energy 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.
Monday Before The Open:
L BIP CNA NSP MCY EPC AVYA GBDC DO IVC of note.
Earnings This Morning Of Note
MSG +1.35, CCJ +0.10, CBOE +0.08, FE +0.07, AVTR +0.03, ABBV +0.02 of note.
ROAD +0.00, HBI +0.00, GOOS +0.00
HMC (10.43), UI (0.06), UFS (0.05), GRC (0.02) of note.
Still To Report: CAE, CNHI
Rags & Mags: Highlighted Stories may be clicked through to the original story.
Top News Story:
5 Things To Know To Start Your Day. (Bloomberg)
President Trump spoke to Chinese President Xi and Xi reports China doing well in counterattack on coronavirus. (Twitter)
President Trump held a phone call with British Prime Minister Boris Johnson and blasted him for using Huawei for 5G.
Chinese companies Changeyou.com (CYOU) and Sohu.com (SOHU) announced better than expected guidance for Q4. Can you say manipulation to shore up confidence in China?
Ericsson (ERIC) will not attend Mobile World Congress Barcelona 2020 due to coronavirus.
V.F. Corp (VFC) notes coronavirus will impact financial results in the Asia Pacific region.
Stock Index Tracking
All stock indexes are back in the green, rather amazing three days. Current through 2/6 close.
Bold means a change from prior day.
The advance/decline line model moved to cash 1/31. Updated through 2/6. 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.
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 2/6.
Economic & Related:
January Nonfarm Payrolls are due out 8:30 a.m. EDT and the estimate is for an increase to 164,000 from 145,000. The unemployment rate is expected to remain at 3.5%. (Note that ADP came in at 219,000
President Trump will head to North Carolina to speak at the North Carolina Opportunity Now Summit at 1:20 p.m. EDT. Then he heads back to D.C. to deliver comments to the Republican Governors Association Finance Dinner at 7:30 a.m. EDT.
Meetings, Calls & Conferences
Investor/Analyst Days & Conference Calls of Note: HSC (Conference Call) NWPX (Webinar) TPIC (Investor Day)
Sellside Conferences: None of note.
Industry Conferences: NAPE Summit 2020 ((2/3-2/7).Global Hydrogen Energy Summit. (2/4-2/7). World of Concrete (2/4-2/7). 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)
Cushmam & Wakefield (CWK) to buy majority interest in Pinnacle Property Management Services from Hunt Companies, no terms.
Harsco (HSC) to buy Stericycle’s (SRCL) Enivronmental Solutions business.
Upgrades & Downgrades through 8:30 a.m. EDT 2/7