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: None of note.
Mixed Shelf Offerings: SF ICBK XLNX BEAT NWL DBI AKTS MRSN RUTH PVAC of note.
Convertible Offering Files: None of note.
Senior Notes Filed: None of note.
Earnings After The Close:
None of note.
None of note.
Gap Ups: MYOK +72%, AMC +60%, QDEL +16%, COTY +14%, AVYA +13%, CAH +9%, ORA +9%, UNVR +9%, AN +9%, CEVA +8%, BLUE +7%
Gap Downs: ON -9.8%, XHR -7%, UAA -4.1%
Hourly Action This Past Week: Updated 5/7 Close
News After The Close (In Order)
Hormel (HRL) reopens Jennie O Turkey plant in Minnesota.
Most Bed Bath & Beyond (BBBY) stores to remain closed to the end of May.
Chuy’s (CHUY) to delay 10-Q to 6/22.
Quidel (QDEL) receives Emergency Authorization from FDA for its antigen COVID-19 test.
U.S. to purchase $3 billion of meat, produce and dairy product for food kitchens.
United Airlines (UAL) decided no to move forward with $2,25 billion notes offering.
Lowers Guidance: TLYS (Q1)
Withdraws 2020 Guidance:
Dividend Cut: SLCA
Share Buyback Announcements:
What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.
S&P 500 -26 Dow Jones Industrial Average -215 NASDAQ -62 Russell 2000 -21.24 Fair values are lower. Asia and Europe mixed to lower.
Gold, silver and copper lower. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $138.95 from $139.30 unchanged with yields at 0.6991% from 0.70%.
Positive Sectors On Friday: Energy, Industrials, Materials and Consumer Cyclicals of note .
Negative Sectors On Friday: None of note.
One Month Winners: Materials, Conglomerates, Financials 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: ET SPG AEE AMCR IFF CABO LOGI G CZR AFG of note.
Tuesday Before The Open: DUK HMC BNTX ATHM DT IR NOVT VSH CVLT FLOW of note.
Earnings This Morning Of Note
MGLN +0.43, BLUE +0.41, ZBH +0.23, AN +0.19, ETR +0.19, CAH +0.17, AMRX +0.11, CHH +0.10, CEVA +0.06, UNVR +0.04, EBIX +0.02, ICPT +0.01 of note.
AVYA (7.77), GOGO (0.76), CEIX (0.47), XHR (0.18), UAA (0.15), TERP (0.13), PK (0.13), MAR (0.10), COTY (0.09), ON (0.05), RDNT (0.04), CLR (0.04) of note.
Flat: ORA (0.00)
Still to Report: CLF, GBDC, MYL
Rags & Mags: Highlighted Stories may be clicked through to the original story.
5 Things To Know To Start Your Day. (Bloomberg)
IHME announces midpoint guidance of COVID-19 deaths through 8/4 to `137,184 from 134,475 deaths.
Stock Index Tracking
Current through 5/8 close. Moving averages saw improvement yesterday.
Bold means a change from prior day.
The advance/decline line model is now a buy on 4/2 close. Updated through 5/8 close. In 2019, the model was up 16.48% on the S&P 500 and this year is up 8.31% with the S&P 500 lower by -9.32% through Friday. Now 6 buy signals and 4 cash signals in 2019 and 2020. The latest buy is up 15.94% 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 5/7 close. EVL Ranges remain above normal and are highlighted in blue BUT are starting to drop.
Economic & Related:
None of note.
Geopolitical & Related
President Trump will meet with the Secretary of State at 12:30 p.m. EDT and then at 4:00 p.m. EDT hold a pres conference on testing.
$42 billion 3 Year Note auction at 1:00 p.m. EDT.
Meetings, Calls & Conferences
Investor/Analyst Days & Conference Calls of Note: AU (Update) ENTG (Analyst/Investor Meeting)
Sellside Conferences: Credit Suisse Mexico Conference (5/11-5/14). Merrill Lynch Bank of America Transportation and Industrials Conference (5/11-5/14).
Industry Conferences: None of note.
Upgrades & Downgrades