IPOs on deck: None of note.
IPOs Filed: None of note.
Secondaries Priced: None of note.
Notes Priced of note: None of note.
Common Stock filings: COLL of note.
Mixed Shelf Offerings: STXS REGI FIBK of note.
Convertible Offering Files: None of note.
Senior Notes Filed: None of note.
Earnings After The Close:
ZTO +0.24, COUP +0.16, TME +0.11, RPAY +0.09, HUYA +0.07, YY +0.05, HQY +0.03 of note.
BE (0.30) 0f note.
Hourly Action This Week: Updated 3/13 Close
News After The Close (In Order of Time)
San Francisco and six counties around are ordered to “shelter in place” for the next three weeks.
Pioneer Natural Resources (PXD) reduces 2020 capital spending due to lower oil prices.
McDonalds (MCD) closes seating areas and moves to drive through.
General Motors (GM) and Ford (F) move to 0% financing for 7 years.
Amazon (AMZN) to hire 100,000 in full and part time positions.
Store closures: OXM GOOS CGC RL FL
Churchill Downs (CHDN) suspends operations.
Withdraws Guidance: HGV LUV INN HDS
Stock Buybacks: INT
Stock Buybacks Stopped: COF RF NTRS PNC BKU
ENLC +95%, BNTX +70%, CODX +28%, AIMT +22%, RPAY +11%, HOLX +10%, REGI +10%, NCLH +7%, GOL +6%, COUP +6%, TTD +57%, AMZN +5%, TMO +5%, YY +4%.
DBVT -57%, HQY -8%, BE -7%, VXX -62%, RTIX -6%.
What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.
S&P 500 +356 Dow Jones Industrial Average +52 NASDAQ +131 Russell 2000 +14. Fair values are lower. Asia mixed and Europe lower.
Gold, silver and copper lower. WTI Crude Oil higher and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $137.31 from $137.78 with yields at 0.813% from 0,74%
Positive Sectors On Monday: None of note.
Negative Sectors On Monday: All.
One Month Winners: None of note.
Three Month Winners: None of note.
Six Month Winners: None of note.
Twelve Month Winners: None of note.
Year to Date: None of note.
Upcoming Earnings Of Note (sorted by market cap, highest to lowest)
Today After The Close: FDX BILI MDB SMAR ADUS WPRT of note.
Wednesday Before The Open: GIS INXN IAA FUTU NIO BZUN QTT of note.
Earnings This Morning Of Note
PLCE +0.28, BAX +0.13, HDS +0.08, DBI +0.01 of note.
TERP (0.33) of note.
Still To Report: LE MIK
Rags & Mags: Highlighted Stories may be clicked through to the original story.
Top News Story: Expect more volatility today. (CNBC)
5 Things To Know To Start Your Day. (Bloomberg)
Stocks Moving This Morning. (CNBC)
Trump Administration seeks $850 billion stimulus for econmy. Wants payroll tax cut and $50 billion support of airlines.
Exxon (XOM) looking to cut capital and operating expenses.
Nordstrom (JWN) cuts capex.
AMC Entertainment (AMC) to close for 6-12 weeks starting today.
Airbus (EADSY) eases production in France and Spain in the next four days.
Uber (UBER) cuts shared rides.
Regeneron Pharmaceuticals (REGN) accelerates a novel multi-antibody cocktail for coronavirus.
Boeing (BA) rating lowered by major credit agency.
Lam Research (LRCX) shuts Fremont and Livermore locations for three week. Withdraws guidance.
Stock Index Tracking
Current through 3/13 close.
Bold means a change from prior day.
The advance/decline line model is now back in cash. Updated through 3/13 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 -23.22% 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 3/13 close.
Economic & Related:
February Retail Sales are due out at 8:30 a.m. EDT and is expected to rise to 0.2% from 0.1%.
February Industrial Production is due out at 9:15 a.m. EDT and is expected rise to 0.6% from -0.3%.
March NAHB Housing Market Index is due out at 10:00 a.m. EDT and is expected to stay at 74.
API Petroleum Institute will release its weekly data at 4:30 p.m. EDT.
President Trump will participate in a phone call with restaurant executives at 9:30 a.m. EDT, tourism executives at 2:00 p.m. EDT and supply retailers and wholesalers at 3:30 p.m. EDT. At 4:30 he will meet with the Secretary of State.
Coronavirus Task Force holds a briefing at 10:30 a.m. EDT.
Meetings, Calls & Conferences
Investor/Analyst Days & Conference Calls of Note: (Investor Day) ASRT ZCOR AXP (Conference Call) CUE (Business Update) CHFS (Webinar)
Sellside Conferences: Citi Communication Services Conference (3/17-3/18).
Industry Conferences: None of note.
Upgrades & Downgrades are too numerous again to show today. I have never seen more of each!