New!
09.26.2022 11 new Morning Note posts under Morning Note (10) and CAPIS Insights (1)

Morning Note

News

Morning Note

"CAPIS Morning Note -2/26/20 A Volatile Morning, President Trump To Speak At 6:00 P.M. EDT"

posted by CAPIS on 02/26/2020 at 8:03 am

by CAPIS

02/26/2020 at 8:03 am

IPOs on deck: None of note.

IPOs Filed:  None of note.

Secondaries Priced: None of note.

Notes Priced:  BAND of note.

Common Stock filings: FRPT  of note.

Mixed Shelf Offerings: PCG  MEDP of note.

Convertible Offering Files: None of note.

Senior Notes Filed: None of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat: 

DAR +1.22, JAZZ +0.74, AKCA +0.41, SPCE +0.21, CSGP +0.20, HURN +0.15, MGRC +0.13, NVRO +0.12, HEI +0.12, ALRM +0.10, CRM +0.10, MTDR +0.09, PEN +0.08, AMRN +0.06, INFN +0.06, EXEL +0.05, SYX +0.05, WW +0.04, PLNT +0.03, SUPN +0.03, RLJ +0.03, INSP +0.02, TROX +0.02, REAL +0.02, RVLV +0.01  of note.

Missed: 

 ENLC (1.97), BHVN (0.94), HY (0.78), CZR (0.37), LDL (0.34), RRGB (0.24), ORA (0.21), INGN (0.15), DK (0.14), SDC (0.14), UIS (0.11), OUT (0.10), VICR (0.09), PBPB (0.07), TOL (0.05), GWPH (0.04), PODD (0.04), JBGS (0.03), AGR (0.02), PSA (0.02), RRD (0.02), ALC (0.01), EVTC (0.01) of note.

Flat: 

 BGS +0.00, MATX +0.00, INN +0.00, CGBD +0.00, WRI +0.00 of note.

Hourly Action This Week: Updated 2/24 Close

News After The Close (In Order of Time)

Salesforce (CRM) Co-CEO Keith Block to step down as c0-CEO.

Walt Disney (DIS) names Bob Chapek as CEO, immediately.

Vanda Pharma (VNDA) fails to meet primary endpoint on Phase III EPIONE study.

Uber (UBER) Eats Head Jason Droege will be leaving.

Stock Buybacks: 

Dividend Increases: WSBF (Special) OUT VMI VST TPB SWX DK TMO WH  SRE HRC

Gap Higher: PBPB +10%, INSP +8%, WW +6%, ALRM +6%, APT +5%, MTDR +5%, PEI +5%, NVAX +4%, ENDP +4%, BGS +4%,

Gap Lower: SDC -26%, RVLV -20%, SUPN -17%, PODD -12%, WB -10%, VICR -9%, PLNT -8%, TOL -8%, SINA -8%, REAL -8%, VNDA -8%, PEN -7%, UIS -6%, AMRN -5%, KBH -5%, GWPH -5%, UTHR -5%, SPCE -4%, EXEL -4%, RYAM -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 +18 Dow Jones Industrial Average +149  NASDAQ +70 Russell 2000 +10.1 . Fair values are lower. Asia and Europe lower.

Gold, silver higher and copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $132,81 from $132.69 with yields at 1.369% from  1.394%.  Prices as of 8:30 a.m. EDT.

Positive Sectors On Tuesday: None of note.

Negative Sectors On Tuesday: All lower.

One Month Winners: Conglomerates and Utilities.

Three Month Winners: Conglomerates, Utilities, Technology and Consumer Goods.

Six Month Winners:  Technology, Consumer Goods, Healthcare and Utilities.

Twelve Month Winners: Consumer Goods,Technology, Utilities, Services and Industrials.

Year to Date: Conglomerates, Utilities and Technology.

Upcoming Earnings Of Note (sorted by market cap, highest to lowest)

Today After The Close: BKNG CCI NTES MAR SQ ANSS TCOM BMRN EQH UHS WTRG APA TDOC SRPT CLR FTI LB BILI CHDN of note.

Thursday Before The Open: BUD TD SRE KDP BBY CBRE CNP NRG OGE PRGO NVCR PLAN FLIR NLSN TSG CCC SPR SRCL PWR SERV EME  of note.

Earnings This Morning Of Note

Beat: 

SINA +0.53, IONS +0.34, MIDD +0.29, CARS +0.26, CM +0.24, OCN +0.18, ENDP +0.17, HZNP +0.14, SJM +0.11, EYE +0.10, AVA +0.07, FTDR +0.07, AEE +0.07, TILE +0.05, MGPI +0.05, WB +0.05, MRNA +0.05, PZZA +0.05, AMRX +0.03, ODP +0.03, LOW +0.03, GCP +0.02, PEG +0.02, LIVN +0.02, WYND +0.02, ESI +0.02, NOVT +0.01, SBGI +0.01 of note.

Flat:

VER +0.00

Missed:

 UTHR (1.43), FOSL (0.83), SEAS (0.36), DAKT (0.20), DY (0.19), MDGL (0.13), AMCX (0.10), TPB (0.05), CLH (0.03), SSYS (0.02), NXST (0.01), WEN (0.01)  of note.

Still To Report: 

 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 update: France sees second death and Greece first. (CNBC)

Coronavirus Map. (Bloomberg)

Democratic Debate Summary. (Bloomberg)

President Trump and India Prime Minister Modi  are working towards a full trade deal between two countries.

EU Trade Chief hopes to create a “mini” trade deal to lower tensions with the U.S. (FT)

U.S. Trade Representative Robert Lighthizer to meet with U.K. trade representatives to prepare for post Brexit trade talks. (Reuters)

President Trump is “furious” over falling stock market. (CNBC)

CDC says no “community spread of COVID19 in the U.S.”

Starbucks (SBUX) to sell a Beyond Meat (BYND) breakfast sandwich next week. (WSJ)

Stock Index Tracking

Current through 2/25 close. A real struggle now.

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 last Friday as we kept the 10 DMA above +200 the last two days of that week.

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 2/25 close.

Courtesy of Phil Erlanger Research, Inc.

Economic & Related:

Weekly API Petroleum Data came out at 4:30 p.m. EDT yesterday and had a build of 1.3 million crude oil barrels .

Weekly MBA Mortgage Applications rose 1.5%.

January New Home Sales are due out at 10:00 a.m. EDT and are expected to rise to 720,000 from 694,000.

The latest NYSE and NASDAQ Short Interest from January 13th through February 14th is due out after the close.

Geopolitical:      

President Trump will have a press conference  at the White House on Coronavirus at 6:00 p.m. EDT.

Federal Reserve Vice Chairman Richard Clarida to speak at 3;00 p.m. EDT.

$41 billion of 5 Year Notes at 1:00 p.m. EDT.

Meetings, Calls & Conferences

Investor/Analyst Days & Conference Calls of Note:  LBRDA (Conference Call)  GWRE  QLYS FLNG CNO (Investor Day)

Sellside Conferences: BMO Capital Markets Annual Global Metals & Mining Conference (2/24-2/26). Wolfe Research Global Auto Tech & Mobility Conference (2/24-2/26). JP Morgan High Yield & Leveraged Finance Conference 2020 (2/24-2/26). D.A. Davidson NDR Portland & Midwest Conference (2/24-2/26).  JSVB Leerink Global Healthcare Conference (2/25-2/27). Credit Suisse Annual Financials Services Forum 2020 (2/26-2/28).

Industry Conferences: RSA Security Conference (2/24-2/28).

M&A Activity

Salesforce (CRM) buys Vlocity for $1.33 billion.

Upgrades & Downgrades through 8:30 a.m. EDT 2/25

About the Author

[Author info unavailable]

Subscribe to Stay Informed

Stay informed by subscribing to information that matters to you. We'll email you when we post new content you want to see.


DISCLAIMER

This communication is for informational purposes only and is solely intended for use by institutional investors. Use of this communication by others, including retail investors, is prohibited. No statement herein is to be construed as a recommendation to purchase or sell a security, or to provide investment advice. Certain products, including options and futures, may involve substantial risk and are not suitable for all investors. The information on this webpage is provided by an independent third party. While the information and opinions presented in this material have been obtained or derived from sources believed by Capital Institutional Services, Inc. (CAPIS) to be reliable, CAPIS makes no representations concerning its accuracy or completeness, and accepts no liability for loss arising from the use of this material.