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: IMMU AGLE NBSE of note.
Mixed Shelf Offerings: CHMG LUV of note.
Convertible Offering Files: FTCH LUV CNX of note.
Senior Notes Filed: of note.
Earnings After The Close:
HTLF +0.28, PKG +0.28, FFIV +0.24, SSD +0.21, PI +0.18, CNI +0.11, AMKR +0.10, PCH +0.10, CE +0.07, AVT +0.06, STL +0.06, BRO +0.05, OMF +0.04, CGNX +0.03, PPG +0.02, PFG +0.02, LRN +0.02, KDP +0.02, FIX +0.01, HSTM +0.01, QTS +0.01 of note.
NOV (5.43), NXPI (1.48), UHS (0.64), JJSF (0.51), SANM (0.27), CINF (0.22), WSBC (0.17), TCF (0.14), CR (0.11), CATY (0.08), IBTX (0.07), OGS (0.05), HLIT (0.05), APY (0.03) of note.
QTNT +31%, RTIX +18%, SNDX +17%, NGL +12%, FFIV +12%, PCTY +8%, PI +8%, AFMD +7%, PKG +6%, KDP +6%, MRNA +6%, ENPH +5%, UBS +5%, MFA +4%, SSD +4%, OMF +4%
WSBC -23%, NBSE -18%, HLIT -101%, AGLE -8%, SANM -8%, JJSF -5%, CR -4%
Hourly Action This Past Week: Updated 4/24 Close
News After The Close (In Order)
President Trump met with the head of RAD WMT CVS DGX TMO LH to discuss COVID-19 testing. Up to 200,000 a day from 150,000 in midApril.
Walgreens Boots Alliance (WBA) and CVS (CVS) to expand drive thru testing locations in 49 states. Kroger (KR) adds as well.
Federal Reserve expands Municipal Liquidity Facility (MLF) to expand to $500 billion of short term notes by states, counties and cities.
Boeing (BA) to resume 787 Dreamliner production at its Charleston plant.
AAR (AIR) wins Air FOrce contract with value of $125 million.
S&P 400 Mid Cap Additions ENPH PCTY. S&P 600 Additions CLB MDP on May 1st.
Senator Mitch McConnell predicts that Congress will approve more state funding.
Raises Guidance: KDP NGL
Lowers Guidance: AVT (Q4) HLIT (Q2) CR(2020) MRK (2020) ROP (Q2)
Withdraws Guidance: CNI CE HLIT PPG YNDX XRX ZBRA AXE TRU SSTK UPS WAT CMI
Dividend Cut or Suspension: ETRN KNL CTRN
Share Buybacks Stopped: WAT
What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.
S&P 500 +38 Dow Jones Industrial Average +364 NASDAQ +88 Russell 2000 +42. Fair values are higher. Asia and Europe higher.
Gold higher with silver lower and copper lower. WTI Crude Oil lower and Brent Oil Futures lower. Natural Gas is higher. $ is lower vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $138.64 from $138.89 with yields at 0.6 % from 0.63%.
Positive Sectors On Monday: Financials, Industrials and Materials of note.
Negative Sectors On Monday: None of note.
One Month Winners: Healthcare, Materials and Services of note.
Three Month Winners: None of note.
Six Month Winners: Healthcare and Technology of note.
Twelve Month Winners: Healthcare, Technology and Consumer Goods of note.
Year to Date: None of note.
Upcoming Earnings Of Note (sorted by market cap, highest to lowest)
Today After The Close: of note.
Tuesday Before The Open: of note.
Earnings This Morning Of Note
CMI +1.00, ROK +0.63, SC +0.51, UBS +0.43, SPGI +0.42, TEL +0.29, MSCI +0.24, DHI +0.20, NVS +0.18, ROP +0.17, MRK +0.16, MMM +0.15, TPB +0.13, LUV +0.12, ABB +0.10, PFE +0.09, TRU +0.06, AB +0.05, PEP +0.04, OMC +0.04, WDR +0.04, FBC +0.03, ZBRA +0.03, CIGI +0.02, SIRI +0.02, GLW +0.01, SSTK +0.01 of note.
YNDX (5.02), TROW (0.41), PII (0.28), CBSH (0.25), WAT (0.24), XRX (0.23), AXE (0.20), TAL (0.18), FCF (0.14), CNC (0.13), DTE (0.11), IRDM (0.11), UPS (0.08), CAT (0.07), HOG (0.04), PPBI (0.03) of note.
Flat: BP +0.00, IQV +0.00
Still to Report: ECL, FELE, NEO, NUE, UMBF
Rags & Mags: Highlighted Stories may be clicked through to the original story.
Top News Story:
5 Things To Know To Start Your Day. (Bloomberg)
IHME raises midpoint guidance for U.S. COVID-19 deaths to 74,073 from 67,641 on 4/22.
Stock Index Tracking
Current through 4/27 close. Moving averages continue to improve.
Bold means a change from prior day.
The advance/decline line model is now a buy on 4/2 close. Updated through 4/27 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. Updated through 4/27 close. EVL Ranges remain above normal and are highlighted in blue BUT are starting to drop.
Economic & Related:
April Consumer Confidence is due out at 10:00 a.m. EDT and is expected to fall to 86.5 from 120.
Weekly API Petroleum Data is due out at 8:30 a.m. EDT.
President Trump will meet with the Governor of Florida at 11:00 a.m. EDT. At 12:30 p.m. EDT the president will receive his intelligence briefing. Then the president will speak at 3:00 p.m. EDT on the SBA and its PPP program.
The Coronavirus Task Force looks like it will not meet at 5:00 p.m. EDT for their daily press conference. This is a game changer see if it plays out.
Meetings, Calls & Conferences
Investor/Analyst Days & Conference Calls of Note: CAC FCBC WASH (Investor/Analyst Meeting)
Sellside Conferences: None of note.
Industry Conferences: American Association of Cancer Research Virtual Meeting (4/27-4/28). American Academy of Neurology Annual Meeting (4/25-5/1). American College of Obstetricians and Gynecologists Annual Clinical and Scientific Meeting 2020 (4/24-4/27)