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

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"CAPIS Morning Note -2/10/20 Futures Fading Into The Open"

posted by CAPIS on 02/10/2020 at 7:32 am

by CAPIS

02/10/2020 at 7:32 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:  None of note.

Mixed Shelf Offerings: VNRX of note.

Convertible Offering Files: COLL of note.

Senior Notes Filed: None of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat: 

None of note.

Missed: 

 None of note.

Hourly Action This Week: Updated 2/6

News After The Close (In Order of Time)

Zoetis (ZTS) buys Ethos Diagnostic Science, no terms.

Honeywell (HON) wins $3.517 billion ceiling fr Embedded GPS Inertial Navigation System Modernization.

Index Changes: Generac (GNRC) added to S&P 400. Alexander & Baldwin (ALEX) added to S&P 600. America Car-Mart (CRMT) added to S&P 600.

Stock Repurchase Announcements: 

Dividend Increases: RNR JKHY

Gap Higher: ADVM +23%, TSLA +8%, LB +6%, INO +5%, CRMT +5%, ALEX +4% 

Gap Lower: LLY -5%, GOOS -3%

What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. 

S&P 500 -5 Dow Jones Industrial Average -61  NASDAQ -7  Russell 2000 -0.38. Fair values are higher except for the Russell. Asia mixed and Europe lower.

Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $131.13 from$130.75 with yields at from 1.618%.  Prices as of 8:20 a.m. EDT.

Positive Sectors On Friday:  Conglomerates of note.

Negative Sectors On Friday:  Materials, Energy, Healthcare, Consumer Goods and Industrial Goods 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:  MELI RNG DVA  STE RE FRT VOYA XPO EEFT MOH BRX OMF KMPR CHGG BHF JCOM. 

Tuesday Before The Open: D EXC HLT MLM OMC MAS HAS MLCO NNN JLL USFD  ST CRL INGR SEE LPX AN UAA TGNA GT.

Earnings This Morning Of Note

Beat:

AGN +0.69, EPC +0.25, DO +0.19, TCO +0.07, CNA +0.04, QSR +0.02, BIP +0.02 of note.

Flat: 

Missed:  

AVYA (1.28) of note.

Still To Report: GBDC, IVC, MCY

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

Top News Story:  Chinese President Xi finally seen in public and vows to fight coronavirus. (Bloomberg)

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

Coronavirus update sees 908 dead and over 40,000 infected. (CNBC)

China extends many factory closures to March 1st. (CNBC)

White House to unveil budget for 2020 today. (CNBC)

 L Brands (LB) close to selling Victoria Secret to Sycamore Partners. (CNBC)

Forbes argues that Google (GOOGL) should buy Tesla (TSLA) for 1500 a share, up 9%. (CNBC)

Stock Index Tracking

The Mid Cap and Russell 2000 struggled on Friday. Current through 2/7 close.

Bold means a change from prior day.

The advance/decline line model moved to cash 1/31. Updated through 2/7. 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 2/6.

Economic & Related:

Geopolitical:      

President Trump will deliver remarks to the Nation’s Governor at 11:00 a.m. EDT, then lunch with the Secretary of State, meets with the OMB Director at 1:00 p.m. EDT, at 3:30 meets with Parkland shooting families and finally at 7:00 p.m. EDT holds a Keep America Great Rally in Manchester, NH.

Federal Reserve Governor Michelle Bowman who overseas community banks will speak at 8:15 a.m. EDT.

Meetings, Calls & Conferences

Investor/Analyst Days & Conference Calls of Note:  Carrier (UTX) (Investor and Analyst Meeting). FDX (Update)

Sellside Conferences: None of note.

Industry Conferences: Metro Connect USA (2/10-2/12). BIO CEO & Investor Conference (2/10-2/11). Chicago Auto Show (2/8-2/17)

M&A Activity

Simon Properties (SPG) to buy Taubman Centers (TCO) for $52.50.

Xerox (XRX) raises bid for HP Inc. (HPQ) to $18 in cash and 0.15 shares in Xerox.

Upgrades & Downgrades through 8:30 a.m. EDT 2/7

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