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"CAPIS Morning Note – 4/20/20 Oil Plummets This Morning, Down -38%."

posted by CAPIS on 04/19/2020 at 10:53 am

by CAPIS

04/19/2020 at 10:53 am

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:  SVRA  VERO 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:

Beat: 

None of note.

Misses:

 None of note.

Gap Ups: EOLS +6%, PHG +6%.

Gap Downs: CHK -20%, NLS -7%, BCRX -6%, HAL -5% 

Hourly Action This Past Week: Updated 4/17 Close

News After The Close (In Order)

Illinois to keep schools closed for the rest of the school year.

Chesapeake Energy (CHK) suspends convertible preferred dividend payments.

General Electric (GE) aircraft leasing unit cancels 69 orders for Boeing (BA) 737 Max.

Royal Caribbean (RCL) extends suspension of sailings through June 11th.

Airbus (EADSY) furloughs 3.000 employees in France.

Raises Guidance: DD (q1)

Lowers Guidance: 

Withdraws Guidance:  DD

Dividend Decreases: CLNC

Dividend Increase: 

Share Buybacks Stopped: 

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

S&P 500 -47  Dow Jones Industrial Average -445 NASDAQ -91 Russell 2000 -26.5. Fair values are lower.  Asia mixed and Europe lower.

Gold lower,silver higher with copper lower. WTI Crude Oil 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 $139.02 from $138.88 with yields at 0.635% from 0.62%.

Positive Sectors On Friday: Materials, Energy, Financials and Industrials of note.

Negative Sectors On Friday:  None of note.

One Month Winners: Materials, Energy and Conglomerates  of note.

Three Month Winners: None of note.

Six Month Winners:  Healthcare and Technology of note.

Twelve Month Winners: Healthcare and Technology of note.

Year to Date: None of note.

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

Today After The Close:  IBM CDNS WFX NVR CCK ELS STLD ZION ACC PNFP HXL BXS NBTB FFBC MINI HSTM TBK CMRE of note.

Tuesday Before The Open: KO SAP PM LMT PLD HCA EMR TRV PCAR EDU NTRS DOV FITB OMC SYF SNA CMA TECK GPK MAN BPOP  of note.

Earnings This Morning Of Note

Beat:  

BOH +0.13, HAL +0.07, KFRC +0.05, CBU +0.04, TFC +0.03 of note.

Missed:

ALLY (1.21), MTB (0.58), LII (0.53), ONB (0.02), PHG (0.01) of note.

Still to Report:  KALU

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

Top News Story: Oil runs out of storage and prices plummet. (CNBC)

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

5 Things To Know To Start Your Monday. (CNBC)

Stocks Making The Biggest Moves. (CNBC)

Coronavirus update: U.S. note ready for a second wave.

Global Coronavirus Map update. 

U.S. Coronavirus Map update.

The White House and House Democrats working on extension for small business lending. (CNBC)

President Trump to use defense production act to increase swab production. (CNBC)

Customs and Border Patrol to roll back import tariffs for 90 days on certain goods ex China and European steel/aluminum. (Release)

Senator Lindsey Graham say U.S. needs a pandemic tariff on China and legislation being drafted to cancel Chinese held U.S. debt. (Fox)

Barron’s positive stocks mentioned TDOC LVGO MASI IRTC RTX OTIS CARR AKAM NET RNG VG EGHT NFLX CODI.

Stanford Medicine begins trials for Remdesivir, Gilead Sciences (GILD). (Stanford)

Facebook (FB) to introduce a gaming mobile app today. (NY Times)

Walt Disney (DIS) cuts pay for 100,000 employees. (FT)

Mesa Air (AIR) receives $92.5 million from Treasury for PPP.

Stock Index Tracking

Current through 4/17 close.  Expect moving averages to improve.

Bold means a change from prior day.

The advance/decline line model is now a buy on 4/2 close. Updated through 4/17 close. In 2019, the model was up 16.48% on the S&P 500 and this year is up 6.08% with the S&P 500 lower by -11.03% through Friday. Now 6 buy signals and 4 cash signals in 2019 and 2020. The latest buy is up 13.72% through Friday’s close.

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 4/17 close. EVL Ranges remain above normal and are highlighted in blue BUT are starting to drop.

Courtesy of Phil Erlanger Research, Inc.

Economic & Related:

None of note today.

Geopolitical: 

President Trump will lunch with the Vice President today.

The Coronavirus Task Force to meet at 5:00 p.m. EDT for their daily press conference.

Meetings, Calls & Conferences

Investor/Analyst Days & Conference Calls of Note: BHP (Conference Call) CAJ (Webcast) GNUS (Update)

Sellside Conferences: CIBC Annual Fixed Income Conference. H.C. Wainwright Global Life Sciences Conference 2020.

Industry Conferences: World Gold Forum (4/20-/23) of note.

M&A Activity

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