IPOs on deck: None of note.
IPOs Filed: None of note.
Secondaries Priced: KALA of note.
Notes Priced of note: None of note.
Common Stock filings: KALA of note.
Mixed Shelf Offerings: of note.
Convertible Offering Files: Note of note.
Senior Notes Filed: None of note.
Earnings After The Close:
NEX +0.15, CLDR +0.07 of note.
KFY (0.34), VSLR (0.33) 0f note.
APEI +0.00 of note.
Hourly Action This Week: Updated 3/10 Close
News After The Close (In Order of Time)
LPL Financial (LPLA) sees assets drop by 4% in February.
Invesco (IVZ) sees assets drop by 4.9% in February.
NASDAQ and NYSE Short Interest was released after the close through 2/28 and saw them rise by 0.34% and 2.83%.
U.S. Commerce Department extends Huawei business licenses until May 15th per Reuters.
Gilead Sciences (GILD) has provided hundreds of coronavirus patients with experimental Ebola treatment per Bloomberg.
Lowers Guidance: MCO
Withdraws Guidance: CLDT (FY 20) SKYW (FY20) HLT (FY20) XHR (FY 20)
Stock Buybacks: CCK EQC IRBT STWD
Gap Higher: DXC +11%, MNK +10%, KALA +10%, NCNA +7%, STNG +7%, CLDR +7%, INO +5%, PRTK +4%
Gap Lower: VSLR -9%, APEI -8%, NVTA -4%, PDD -4%, JBLU -4%, MGM -4%, HLT -4%, IRBT -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 -109 Dow Jones Industrial Average -934 NASDAQ -284 Russell 2000 -44.73. Fair values are lower. Asia lower and Europe mixed.
Gold and silver higher with copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $138.11 from $137.06 and yields at 0.704% from 0.716%. Prices as of 8:20 a.m. EDT.
Positive Sectors On Tuesday: All lead by Materials, Energy, Financials and Technology.
Negative Sectors On Tuesday: None of note.
One Month Winners: None of note.
Three Month Winners: None of note.
Six Month Winners: Consumer Goods, Technology and Healthcare.
Twelve Month Winners: Consumer Goods, Technology, Utilities, Services and Healthcare.
Year to Date: None of note.
Upcoming Earnings Of Note (sorted by market cap, highest to lowest)
Today After The Close: WPM WUBA SMTC KRO INSG HABT HUD TACO ZAGG VFF FLNT of note.
Wednesday Before The Open: DG JBL AZUL CRON BEST LX RDNT SY GCO TLRA FINV GNC TUP of note.
Earnings This Morning Of Note
PDD +2.27, UNFI +0.06, EXPR +0.01, MEET +0.01 of note.
Still to Report: VRA
Rags & Mags: Highlighted Stories may be clicked through to the original story.
Top News Story: Stock Losses Accelerate Again. (CNBC)
5 Things To Know To Start Your Day. (Bloomberg)
Stocks Moving This Morning. (CNBC)
Coronavirus Map. (Bloomberg)
Bank of England (BOE) cuts rates by 50 basis points to 0,25%.
NBC News declares Senator Bernie Sanders the winner of North Dakota.
Stock Index Tracking
Current through 3/10 close.
Bold means a change from prior day.
The advance/decline line model is now back in cash. Updated through 3/1o close. In 2019, the model was up 16.48% on the S&P 500 and this year is down -7.64% with the S&P 500 lower by -6.83% before today. 5 buy signals and 4 cash signals in 2019. We moved to cash at 3116.31 on the S&P 500.
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 3/10 close.
Economic & Related:
API Data was out yesterday at 4:30 p.m. EDT and saw crude oil inventories rise by .
February CPI is due out at 8:30 a.m. EDT and is expected to fall to 0.0% from 0.1%
Weekly Crude Oil Inventories are due out at 10:30 a.m.
President Trump will meet with the Secretary of State at 12:15 p.m. EDT and then meet with Wall Street Leaders at 3:00 p.m. EDT followed by the Coronavirus Task Force at 5:30 p.m. EDT and then a dinner at the Vice President’s house at the U.S. Naval Observatory.
$24 billion of the 10 Year Treasury to be auctioned at 1:00 p.m. EDT.
Meetings, Calls & Conferences
Investor/Analyst Days & Conference Calls of Note: AEP ELUXY (Investor Day) FLEX MCO (webcast)
Sellside Conferences: Deutsche Bank dbAccess 28th Annual Media, Internet and Telecom Conference (3/9-3/11). Suntrust Robinson Humphrey Annual Technology, Internet and Services Conference. (3/10-3/11). RBC Global Healthcare Conference 2020. Bank of America Refining Conference 2020 (3/11). Susquehanna Financial Group 9th Annual Technology Conference (3/11-3/12).
Industry Conferences: None of note.
Pepsi (PEP) in talks and now announces they will buy Rockstar Energy for $3.85 billion. (WSJ)
Upgrades & Downgrades updated through 8:45 a.m. EDT.