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07.13.2020 9 new Morning Note posts under Morning Note (9)

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"CAPIS Morning Note -6/16/20 Stocks Rally On Infrastructure Deal, Lots of Economic Data This Morning And Fed Chairman Powell To The Hill"

posted by CAPIS on 06/16/2020 at 5:53 am

by CAPIS

06/16/2020 at 5:53 am

Lead Story: President Trump and the White House preparing a $1 trillion infrastructure bill that will need congressional approval. (Bloomberg)

IPOs on deck: 

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:   None of note.

Convertible Offering Files: None of note.

Senior Notes Filed:  None of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat:  

LEN +0.41 of note.

Misses: 

None of note.

Gap Up: 

Gap Down: 

Hourly Action This Past Week: Updated 6/12 Close

News After The Close (In Order)

The Bank of Japan (BOJ) is out with its latest interest rate decision last night and added 110 trillion yen ($1 trillion U.S.)

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

S&P 500 +93 Dow Jones Industrial Average +996 NASDAQ +224 Russell 2000 +68. Fair values are lower.  Asia lower and Europe lower.

Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, higher vs Pound and lower vs Yen. US 10 year Treasury price is at $138.52 from $138.98 with yields at  from 0.674%.

Positive Sectors On Monday:  Technology, Real Estate, Consumer Cyclical and Industrials of note.

Negative Sectors On Monday: None of note.

One Month Winners: Real Estate, Industrials, Financials and Consumer Cyclical of note.

Three Month Winners: Consumer Cyclical, Technology and Materials of note.

Six Month Winners:  Technology, Healthcare and Consumer Cyclical of note.

Twelve Month Winners: Technology, Healthcare, Consumer Cyclical and Communication Services of note.

Year to Date: Technology, Consumer Cyclical, Healthcare and Communication Services of note.

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

Today After The Close: ORCL HRB of note.

Wednesday Before The Open: CCL of note.

Earnings This Morning Of Note

Beat:

None of note.

Missed:

None of note.

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

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

Coronavirus update: Global cases above 8 million now.

U.S. Coronavirus Map.

North Korea blows up liason office used to stay in touch with South Korea. (NYT)

Three Indian soliders were killed at the border by Chinese border troops. (Reuters)

Chesapeake Energy (CHK) is preparing for bankruptcy. (WSJ)

Stock Index Tracking

Current through 6/15 close. Monday saw more improvement of various moving averages.

Bold means a change from prior day.

The advance/decline line model is now a BUY. Updated through 6/15 close. In 2019, the model was up 16.48% on the S&P 500 and this year is up 5.43% with the S&P 500 lower by -5.86% through Friday. Now 6 buy signals and 4 cash signals in 2019 and 2020. The last buy gained 12.89%.  The current buy signal is up 0.18% through Friday.

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 6/15 close. EVL Ranges will start to expand again with the recent action.

Courtesy of Phil Erlanger Research, Inc.

Economic & Related:

May Retail Sales is out with its latest update at 8:30 a.m. EDT and is expected to improve to 9% from -16.4%. Up 17/1% month over month.

May Industrial Production is due out at 9:15 a.m. EDT and is expected to improve to 3% from -11.2%.

June NAHB Housing Market Index is due out at 10:00 a.m. EDT and is expected to rise to 45 from 37.

API Petroleum Institute Weekly Inventories are due out at 4:30 p.m. EDT.

Geopolitical & Related

President Trump will deliver remarks at 12:00 p.m. EDT on the signing of an Executive Order on Safe Policing For Safe Communities. At 2:00 p.m. EDT the president will receive his intelligence briefing.

Federal Reserve Chairman Powell begins two days of semiannual monetary policy testimony before the House and Senate.

Meetings, Calls & Conferences

Investor/Analyst Days & Conference Calls of Note:  PRNB TNAV XPO KBR  (Investor/Analyst Meeting) CWBR FNF DELL THC  INSM  (Update).

Sellside Conferences: Raymond James Human Health Innovation Conference (6/15-6/18). Evercore ISI Virtual Consumer & Retail Summit (6/15-6/17). Benchmark Healthcare House Call Investor Conference (6/15-6/16). Raymond James BioConnect Institutional Conference (6/16-6/17). JP Morgan Energy, Power & Renewables Conference (6/16-6/17). Oppenheimer Annual Consumer Growth & E-Commerce Conference 2020 (6/16-6/17).

Industry Conferences: NASDAQ London Investor Conference (6/15-6/17). Capital Link 10th Annual Operational Excellence in Shipping Forum 2020.

M&A

Tencent (TCEHY) may bid forIQVI (IQ).

Upgrades & Downgrades: None of note this morning.

updated through 8:55 a.m. EDT

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