BREAKING NEWS: T-Mobile (TMUS) and Spring (S) merger is approved.
IPOs on deck: None of note.
IPOs Filed: None of note.
Secondaries Priced: NYMT of note.
Notes Priced: None of note.
Common Stock filings: ADVM TBPH XERS MRNA NYMT AMGN of note.
Mixed Shelf Offerings: AMGN LEE of note.
Convertible Offering Files: RVNC BHF of note.
Senior Notes Filed: None of note.
Earnings After The Close:
RE +0.62, KMPR +0.51, BHF +0.27, DVA +0.20, AMKR +0.18, OMF +0.16, XPO +0.11, LMNX +0.08, MOH +0.07, CHGG +0.06, FLDM +0.06, VOYA +0.04, RPD +0.04, STE +0.03, MIME +0.02, EEFT +0.02, BLKB +0.01, RNG +0.01, VRNS +0.01, WTS +0.01, IIIV +0.01, JCOM +0.01 of note.
MELI (0.29), CMP (0.19), ELY (0.03), FRT (0.02), BRX (0.01) of note.
IIVI +0.00, MESA +0.00, PSEC +0.00
Hourly Action This Week: Updated 2/7
News After The Close (In Order of Time)
Slack (WORK) rose on Monday over a story about picking up IBM as major client. Fact is Slack notes IBM has been largest client for several years.
T-Mobile (TMUS) and Sprint (S) expected to get a ruling in favor of their merger today.
Stock Repurchase Announcements: CVTI BANC VOYA BHF
Dividend Increases: OMF (normal + special dividend of $2.50 per share)
Dividend Decreases: SLCA
Gap Higher: S +63%, AMKR +16%, TMUS +9%, FLDM +6%, RNG +4%, OMF +4%,
Gap Lower: XERS -8%, WORK -7%, MIME -7%, MRNA -6%, ELY -5%, MELI -4%, RPD -4%, APPS -4%, ADVM -4%, TBPH -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 +13 Dow Jones Industrial Average +121 NASDAQ +45 Russell 2000 +8.38. Fair values are lower. Asia mixed and Europe higher.
Gold and silver lower with copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is lower. $ is higher vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $130.95 from $131.13 with yields at 1.587%. Prices as of 8:20 a.m. EDT.
Positive Sectors On Monday: Technology, Healthcare and Industrials of note.
Negative Sectors On Monday: 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: AMCR ACGL PEAK AKAM LYFT UDR EXAS WU AIZ DEI BXMT PRI REXR NCR LSCC.
Wednesday Before The Open: CVS CME MCO SHOP GOLD GPN IQV TEVA TAP CVE NBL IPG ARCC BG CYBR AB RDWR.
Earnings This Morning Of Note
JLL +0.46, HAS +0.32, CRL +0.18, CRTO +0.17, AN +0.16, INGR +0.13, EXC +0.10, LCII +0.08, HLT +0.04, OMC +0.04, SEE +0.03, D +0.03, VIRT +0.02, ST +0.02, MAS +0.01, USFD +0.01 of note.
Flat: UAA +0.00
MLM (0.12), CEIX (0.08), LPX (0.07), ONDK (0.04), FLOW (0.03), DBD (0.02) of note.
Still To Report: GT, MMYT, NNN, SOGO, TGNA
Rags & Mags: Highlighted Stories may be clicked through to the original story.
Top News Story:
5 Things To Know To Start Your Day. (Bloomberg)
Stocks Moving This Morning. (CNBC)
Senator Bernie Sanders is leading New Hampshire primary by 7% heading into today’s vote. (Real Clear Politics)
Stock Index Tracking
All back to positive. Current through 2/10 close.
Bold means a change from prior day.
The advance/decline line model moved to cash 1/31. Updated through 2/10. 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. We could be back to a buy tomorrow if today is a strong day.
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 2/10.
Economic & Related:
January NFIB Small Business Optimism Survey came out at 6:00 a.m. EDT and came in at 104.3 from 102.7.
The latest NYSE and NASDAQ Short Interest is due out after the close through the end of January.
The latest API Petroleum Institute data is due out at 4:30 p.m. EDT.
President Trump will have a quiet day with only an intelligence briefing at 1:45 p.m. EDT.
Federal Reserve Chairman Jerome Powell will begin two day of testimony before Congress at 10:00 a.m. EDT.
Federal Reserve Governor Randall Quarles will speak at 12:15 a.m. EDT.
Democratic Primary will be held today in New Hampshire.
$38 Billion of 3 Year Treasuries at 1:00 p.m. EDT.
Meetings, Calls & Conferences
Investor/Analyst Days & Conference Calls of Note: BC V UTX (Investor Day) CTRA (Conference Call)
Sellside Conferences: Goldman Sachs Technology and Internet Conference (2/11-2/13). Stifel Transportation and Logistics Conference (2/11-2/13).
Industry Conferences: Metro Connect USA (2/10-2/12). BIO CEO & Investor Conference (2/10-2/11). Chicago Auto Show (2/8-2/17). Enercom Dallas Energy Investment Conference. (2/11-2/12)
Repay Holdings (RPAY) buys Ventanex for $50 billion.
Intuitive Surgical (ISRG) buys Orpheus Medical, no terms.
Upgrades & Downgrades through 8:30 a.m. EDT 2/10