09.30.2022 11 new Morning Note posts under Morning Note (10) and CAPIS Insights (1)

Morning Note


Morning Note

"CAPIS Morning Note – 2/20/20 Senator Bernie Sanders Still King Of The Hill After Last Night’s Debate"

posted by CAPIS on 02/20/2020 at 7:57 am


02/20/2020 at 7:57 am

IPOs on deck: None of note.

IPOs Filed:  None of note.

Secondaries Priced: TU AXGT TWST of note.

Notes Priced: PEGA of note.

Common Stock filings: IRT APAM BTAI of note.

Mixed Shelf Offerings: None of note.

Convertible Offering Files: None of note.

Senior Notes Filed: None of note.

Courtesy of IPO Financial

Earnings After The Close:


 STMP +1.14, RETA +1.11, CYH +0.86, SEDG +0.40, QTWO +0.28, PXD +0.26, CAR +0.23, MANT +0.21, H +0.20, MX +0.18, ALSN +0.17, UCTT +0.14, PAAS +0.11, AROC +0.11, SUN +0.10, TSLX +0.10, JBT +0.09, SNPS +0.09, ZG +0.09, LOPE +0.09, SPTN +0.07, SNBR +0.07, CRMT +0.06, HNI +0.06, FIVN +0.06, HCC +0.05, PRDO +0.05, CONE +0.04, IVR +0.04, KALU +0.04, MASI +0.04, IMAX +0.04, ET +0.03, KL +0.03, SUI +0.03, VMI +0.03, GDOT +0.03, OIS +0.03, TRN +0.03, O +0.02, UFPI +0.02, AXTI +0.02, ESRT +0.02, INOV +0.02, LSI +0.01, OGS +0.01, OR +0.01, CDE +0.01, AGI +0.01, BCOV +0.01, HST +0.01 of note.


Y (14.60), SAM (0.41), MOS (0.24), JACK (0.21), AJRD (0.19), EIG (0.17), NDSN (0.17), TVTY (0.15), FARO (0.14), NVTA (0.14), MSA (0.08), IAG (0.06), PE (0.06), XEC (0.04), CAKE (0.03), RPT (0.03), OSUR (0.03), ALB (0.02), ES (0.02), RBBN (0.02), CPRT (0.01), WMB (0.01), LASR (0.01) of note.


 ICLR +0.00, SM +0.00 of note.

Hourly Action This Week: Updated 2/19 Close

News After The Close (In Order of Time)

Tivity (TVTY) CEO Donato Tramuto to leave immediately.

CrowdStrike (CRWD) names Michael Sentonas as CTO.

Stock Repurchase Announcements: None of note.

Dividend Increases: PXD FL RMAX HOG XEC AMSF NPO KRNY.   FIBL and Y (special dividends)

Gap Higher:

STMP +31%, CAR +13%, CYH +12%, ZG +11%, XEC +8%, UCTT +7%, MANT +7%, SNN +7%, TRN +6%, MX +6%, PRDO +6%, SEDG +5%, KL +5%, KL +4%, SM +4%, IMAX +4%, TSLX +4%

Gap Lower: 

TVTY -38%, SIX -14%, SAM -11%, BTAI -10%, OSUR -9%, NVTA -8%, CPRT -8%, LOPE -6%, SPTN -5%, BCOV -5%, CDE -4%, IRT -4%, SNPS -4%, WIX -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 -7 Dow Jones Industrial Average -75  NASDAQ -25  Russell 2000 -5 . Fair values are flat to lower. Asia mixed and Europe lower.

Gold and silver higher with copper lower. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is lower. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $131.33 from $131.09  with yields at 1.542% from 1.564%.  Prices as of 8:30 a.m. EDT.

Positive Sectors On Wednesday: Conglomerates, Materials, Technology and Energy of note.

Negative Sectors On Wednesday: Utilities.

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)


Friday Before The Open: RY DE MGA WPC PNW TECK ITT  CFX CNK BCPC of note.

Earnings This Morning Of Note


TCP +0.95, RS +0.75, HEES +0.19, IDA +0.16, DPZ +0.16, FOCS +0.15, I +0.13, ARD +0.12, COMM +0.12, WIX +0.10, AAN +0.09, CSTM +0.07, SCL +0.07, EPAM +0.06, HSIC +0.06, TFX +0.06, BRC +0.05, PQG +0.04, CBZ +0.04, NCLH +0.03, OPI +0.03, RGEN +0.02, NEM +0.02, STOR +0.02, LKQ +0.02, AEP +0.02, STFC +0.02, SYNH +0.02, CAMT +0.01, LXP +0.01, KBR +0.01, HPP +0.01, MD +0.01, VTR +0.01, CGEN +0.01 of note.


TXMD +0.00, COT +0.00, SO +0.00, GIL +0.00 of note.


SATS (0.51), VIAC (0.46), SIX (0.28), VC (0.15), TEN (0.12), LAMR (0.10), RCM (0.09), HFC (0.07), ORCC (0.02), HRL (0.01), FMS (0.01), AKS (0.01), CLF (0.01) of note.


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

Top News Story: 

5 Things To Know Before The Market Opens. (CNBC)

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

Stocks Moving This Morning. (CNBC)

Coronavirus (COVID 19) update. (CNBC)

Coronavirus Map. (Bloomberg)

China lowers 5 year rate to 4.75% form 4.80%. (Reuters)

Review of last nights Democratic Debate. Not a good night for Michael Bloomberg. (CNN)

Federal Reserve Vice Chairman Richard Clarida  “throws cold water” on more rate cuts in CNBC interview. (CNBC)

Marathon Petroleum (MPC) may sell its Speedway gas stations for $22 billion, to Seven & Holdings.

MGM Resorts (MGM) had a data breach last year. (Reuters)

Stock Index Tracking

Current through 2/19 close.

Bold means a change from prior day.

The advance/decline line model moved to cash 1/31 and last Friday moved back to a buy. Updated through 2/18 close. 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 Friday 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 2/19 close.

Courtesy of Phil Erlanger Research, Inc.

Economic & Related:

API Petroleum Institute  weekly data was out after the close and rose 4.2 million barrels for crude oil.

February Philadelphia Federal Index is due out at 8:30 a.m. EDT and came in at 17 last month and is expected to come in at 10.70.

Weekly Jobless Claims are due out at 8:30 a.m. EDT.

January Leading Indicators are due out at 10:00 a.m. EDT and are expected to improve to 0.4% from -0.3%.

Weekly Natural Gas Inventories are due out at 10:30 a.m. EDT.

Weekly Crude Oil Inventories are due out at 11:00 a.m. EDT.


President Trump will be in Las Vegas as he delivers a speech to Hope for Prisoners Graduation Ceremony at 2:45 p.m. EDT then head to Colorado Springs for a Keep America Great rally before heading back to Las Vegas.

Federal Reserve Richmond President Tom Barkin speaks at 1:20 p.m. EDT.

Meetings, Calls & Conferences

Investor/Analyst Days & Conference Calls of Note: RDWR (Analyst Day)  VIAV (Event) AGEN (Investor Day) TOCA (Conference Call)

Sellside Conferences: Citi Global Industrials Conference (2/19-2/20). Barclays Industrial Conference (2/19-2/20).

Industry Conferences: Canadian International Auto Shows (2/14-2/23). Consumer Analyst Group of New York Conference (2.17-2/21)

M&A Activity

The Wall Street Journal reports Morgan Stanley (MS) to buy E*Trade (ETFC) for $58.75.

Dialog Semiconductor to buy Adesto Technologies (IOTS) for $12.55 a share.

Limited Brands (LB) sells  55% stake in Victoria’s Secret to Sycamore Partners for $550 million, less than expected.

Upgrades & Downgrades through 8:35 a.m. EDT 2/20


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