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

Morning Note


Morning Note

"CAPIS Morning Note – 4/9/20 Fed Backstops $2.3 Trillion More & Futures Rebound"

posted by CAPIS on 04/09/2020 at 6:17 am


04/09/2020 at 6:17 am

Breaking News: Federal Reserve to pump and additional $2.3 trillion into the economy via main street loans, TALF extension, municipal loans. (CNBC)

IPOs on deck: None of note.

IPOs Filed:  None of note.

Secondaries Priced: None of note.

Notes Priced of note:  BKNG HCAT of note.

Common Stock filings: None of note.

Mixed Shelf Offerings:  EFSC  of note.

Convertible Offering Files: None of note.

Senior Notes Filed: None of note.

Courtesy of IPO Financial

Earnings After The Close:


PSMT +0.06 of note.


None of note.

Gap Ups:  NLS +38%, BIG +14%, MITT +14%, VAPO +10%, RTIX +8%, AGNC +7%, EXTR +7%, DIS +6%, SIX +5%, TSLA +5%

Gap Downs: None of note. 

Hourly Action This Past Week: Updated 4/7 Close

News After The Close (In Order)

Cohen & Steers (CNS) sees assets at $57.4 billion as of 3/31 a decrease of $11.9 billion from 2/29.

Costco (COST) sees March Comps up +10.7%.

Will Lewis to leave as CEO of Dow Jones and Publisher of The Wall Street Journal which are owned by News Corp (NWSA).

Franklin Resources (BEN) sees assets drop to $580.2 billion from $656.5 billion.

NASDAQ (NDAQ) sees options volume 205 million contracts versus 185 million in February and 141 million a year ago.

Walt Disney (DIS) sees Disney+ go over 50 million subscribers.

Raises Guidance: MTX

Lowers Guidance:  EXTR


Stock Buybacks Stopped: SIX SBUX CHH

Dividend Cut Or Suspended: SIX AGNC

What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. 

S&P 500 +24   Dow Jones Industrial Average +250 NASDAQ +36 Russell 2000 +12.6. Fair values are higher.  Asia  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, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $138.14 from $137.78 with  yields at 0.729% from 0.75%.

Positive Sectors On Wednesday: Utilities, Conglomerates, Industrial Goods and Financials of note.

Negative Sectors On Wednesday: None of note.

One Month Winners: None of note.

Three Month Winners: None of note.

Six Month Winners:  Healthcare of note.

Twelve Month Winners: All in the red.

Year to Date: None of note.

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

Today After The Close:  SJR WDFC of note.

Monday Before The Open: APHA EXPI of note.

Earnings This Morning Of Note


None of note.


None of note.

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

Top News Story:  

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

Coronavirus update:  Spain’s daily death rate rises, Japan to declare emergency.

Global Coronavirus Map update: Dr. Gottlieb says will not be able to make enough treatment for demand.

U.S. Coronavirus Map update: Curve could peak on April 11th.

Italy to extend lockdown for another two weeks  as cases climb in Europe. (Bloomberg)

U.K. to extend lockdown as well. (Guardian)

House Speaker Pelosi says $250 billion of additional funding for Small Business Administration will not pass as need $100 billion for hospitals and $150 billion for state and local government. (WSJ)

Bill Gates interviewed on CNBC and says 18 months before COVID-19 is completely solved. (CNBC)

Exxon (XOM) does not want to cut production in Texas. (Reuters)

U.S. Senate tells senators not to use Zoom (ZM). (Financial Times)

Expect bankruptcies by AMC Entertainment (AMC) and Regal Cinema. (NY Post)

Microsoft (MSFT) will not deliver new Windows 10X devices in 2020 due to coronavirus. (ZD NET)

CytoDyn (CYDY) sees positive results as a therapeutic.

Stock Index Tracking

Current through 4/8 close.  Improvement noted below.

Bold means a change from prior day.

The advance/decline line model is now a buy on Thursday’s close. Updated through 4/8 close. In 2019, the model was up 16.48% on the S&P 500 and this year is down -2.39% with the S&P 500 lower by -17.69% through Tuesday. Now 6 buy signals and 4 cash signals in 2019 and 2020. The latest buy is up 8.83%.

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 4/8 close. EVL Ranges remain above normal and are highlighted in blue.

Courtesy of Phil Erlanger Research, Inc.

Economic & Related:

March PPI is due out at 8:30 a.m. EDT and is expected to rise to -0.4% from -0.6%.

The April University of Michigan Consumer Sentiment is due out at 10:00 a.m. EDT and is expected to fall to 79.3 from 89.1.

The latest short interest for NYSE and NASDAQ is due out after the close for the period of March 11th through March 27th.

OPEC Emergency Meeting to be held sometime during the day, which was cancelled for Monday.


Federal Reserve Chairman Jerome Powell will speak at 10:00 a.m. EDT.

President Trump will have lunch with the Secretary of State. At 2:30 p.m. EDT the president will have a phone call with mental health leaders.

The Coronavirus Task Force to meet at 5:00 p.m. EDT for their daily press conference with the president leading the call.

$17 billion of 30 Year Treasury Notes will be sold at 1:00 p.m. EDT.

Meetings, Calls & Conferences

Investor/Analyst Days & Conference Calls of Note: GPS (Conference Call)   (Investor or Analyst Day) EGAN AMGN ADPT (Webinar) PAVM KL (Update)

Industry Conferences: None of note.

M&A Activity


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