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.
Earnings After The Close:
None of note.
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
AGN +0.69, EPC +0.25, DO +0.19, TCO +0.07, CNA +0.04, QSR +0.02, BIP +0.02 of note.
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)
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.
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:
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)
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