IPOs on deck: None of note.
IPOs Filed: None of note.
Secondaries Priced: TSLA SLGL of note.
Notes Priced: None of note.
Common Stock filings: None of note.
Mixed Shelf Offerings: FR of note.
Convertible Offering Files: None of note.
Senior Notes Filed: None of note.
Earnings After The Close:
DXCM +0.50, AYX +0.35, CGNX +0.33, NVDA +0.22, ANET +0.20, TEX +0.17, TLND +0.13, DLPH +0.12, CC +0.11, AMN +0.10, BKI +0.06, EXPE +0.06, DDOG +0.05, SPSC +0.05, MHK +0.05, BFAM +0.04, CARG +0.04, SPXC +0.04, DLR +0.03, LOGM +0.03, RSG +0.03, VECO +0.03, FNF +0.03, AEM +0.02, SWAV +0.02, CRY +0.02, SVMK +0.02, BL +0.01, NET +0.01 of note.
MERC (0.46), LPSN (0.35), MRC (0.18), BIO (0.13), RARE (0.09), YELP (0.03), PDFS (0.02), MAT (0.02), TRUP (0.01) of note.
ARI +0.00, CXP +0.00, GDDY +0.00, HTA +0.00, ROKU +0.00, TNET +0.00, WRE +0.00, AUY +0.00 of note.
Hourly Action This Week: Updated 2/12
News After The Close (In Order of Time)
Papa John’s (PZZA) founder John Schnatter lowers stake in the company to 6.1% from 9%.
Baxter (BAX) determines that financial statements are no longer “reliable” as investigation into books continues.
Royal Caribbean (RCL) notes that coronavirus will impact earnings by $0.65 and another $0.55 if rest of Asian trips cancelled.
Omnicell (OMCL) receives letter from the SEC that no enforcement action to be taken after current investigation is now completed.
Stock Repurchase Announcements: YELP BKI
Dividend Increases: UPS KNSL AUY
Gap Higher: CGC +14%, EXPE +12%, AMN +9%, DXCM +9%, ROKU +8%, SVMK +8%, BKI +7%, NVDA +7%, CC +6%, GDDY +6%, VECO +4%, IMGN +4%, TNET +4%
Gap Lower: CARG -19%, SLGL -18%, LPSN -18%, TLND -14%, MRC -13%, YELP -12%, ANET -9%, RBS -8%, DDOG -5%, MERC -5%, SWAV -5%, CRY -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 Dow Jones Industrial Average +55 NASDAQ +36 Russell 2000 +4.96. Fair values are lower. Asia and Europe mixed.
Gold and silver higher with copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is lower vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $130.92 from $130.97 with yields at 1.597% from 1.623%. Prices as of 8:30 a.m. EDT.
Positive Sectors On Thursday: Utilities of note.
Negative Sectors On Thursday: Materials, Industrials and Healthcare 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: AL
Tuesday Before The Open: WMT MDT ECL VMC TRU LDOS WAB ALLE EXPD AAP WLK ATH CHH SITE FLR JELD VG BLMN CEVA
Earnings This Morning Of Note
CGC +0.13, POR +0.08, ESNT +0.06, NWL +0.05 of note.
SXT +0.00 of note.
YNDX (7.25), AZN (0.11), TRTN (0.04), ENB (0.03) of note.
Still To Report: AXL, ABR, MGP, PPL
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)
COVID 19 map in Asia. (NYT)
Stock Index Tracking
All back to positive. Current through 2/13 close.
Bold means a change from prior day.
The advance/decline line model moved to cash 1/31 and this morning moves back to a buy. Updated through 2/13. 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 got back to a buy this morning as we kept the 10 DMA above +200 the last two days.
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 2/13.
Economic & Related:
January Retail Sales is due out 8:30 a.m. EDT and the estimate is for it to stay at 0.3%.
January Industrial Production is due out at 9:15 a.m. EDT and is expected to stay at -0.3%.
February University of Michigan Consumer Sentiment is due out at 10:00 a.m. EDT and is expected to fall to 99.2 from 99.8.
President Trump will receive his intelligence briefing at 11:45 a.m. EDT. Then speaks to the National Border Patrol Council members at 2:30 p.m. EDT. Finally, he leaves for Mar-a-Lago at 4:00 p.m. EDT.
Meetings, Calls & Conferences
Investor/Analyst Days & Conference Calls of Note: XXII (FDA Meeting)
Sellside Conferences: Guggenheim Healthcare Talks Oncology Day 2020 (2/13-2/14). Keefe Bruyette & Woods Winter Financial Services Symposium (2/13-2/14).
Industry Conferences: Chicago Auto Show (2/8-2/17). Developers SF Bay Area Conference and Expo 2020 (2/12-2/16). Canadian International Auto Shows (2/14-2/23).
Upgrades & Downgrades through 8:30 a.m. EDT 2/13