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"CAPIS Morning Note -6/18/20 Futures All Over The Place Since Wednesday’s Close, Now Lower"

posted by CAPIS on 06/17/2020 at 6:59 pm

by CAPIS

06/17/2020 at 6:59 pm

IPOs on deck: 

IPOs Filed:  None of note.

Secondaries Priced: IDYA PRVB X WPC FOXF ISEE EPRT of note.

Notes Priced of note:  DCP SAR ATI  of note.

Common Stock filings: KTOS CBIO KIDS LPTX QUIK WPC X FOXF  of note.

Mixed Shelf Offerings:  AMH  of note.

Convertible Offering Files:  None of note.

Senior Notes Filed:  None of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat:  

ABM +0.31 of note.

Misses: 

None of note.

Gap Up: BBX +40%, ELOX +34%, ORN +28%, IBTX +8%, DADA +8%, HCM +6%, ABM +6%, LPI +4%, NDLS +4%

Gap Down: IDYA -11%, X -10%, CBIO -10%, DBI -7%, SSL -7%, ISEE -6%, CCL -5%, KTOS -5%, IVR -4%, KIDS -4%

Hourly Action This Past Week: Updated 6/17 Close

News After The Close (In Order)

Federal Reserve Cleveland President Loretta Mester notes that labor market deterioration is worse than numbers indicate.

Datadog (DDOG) announces integration with Amazon Elastic File System for AWS Lambda.

ABM Industries (ABM) CFO D. Anthony Scaglione resigns.

Noodles (NDLS) notes that sales are picking up since peak of pandemic.

Walmart (WMT) takes a 10.7% stake in Dada Nexus (DADA) .

Orion Group (ORN) announces $17 million of contract wins.

Huntingdon Ingalls (HII) wins $145 million contracts modification from U.S. Navy.

S&P 600 Index Changes Independence Bank Group (IBTX) joins as of 6/22.

Raises Guidance: FFNW

Dividend Cut: TRTX IVR 

Share Buyback: 

Insider Buys > $100,000 – CHUY EPD HCHC JAX FOX PLYA VERI

What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. Futures were down, up, down, new low and now rebounding.

S&P 500 -9.74 Dow Jones Industrial Average -126 NASDAQ +11.52 Russell 2000 -4.63 . Fair values are lower.  Asia mixed and Europe lower.

Gold lower with silver and copper higher. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is flat. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $138.44 from $138.52 with yields at 0.674%.

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

Negative Sectors On Wednesday: 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: HOME KFY SWBI of note.

Friday Before The Open: JBL KMX of note.

Earnings This Morning Of Note

Beat:

CMC +0.28, KR +0.08 of note.

Missed:

CCL (1.54), DBI (1.23) of note.

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

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

Stocks making the biggest moves. (CNBC)

Coronavirus update: . (CNBC)

U.S. Coronavirus Map.

U.K. Study claims those with Type A Blood have a greater risk of Covid-19. (CNN)

China claims Beijing outbreak is under control. (CNBC)

Trump Administraton moves on from Covid-19 despite cases still rising as in full denial mode. (NYT)

U.S. ends talks with EU on digital taxes and threatens tariffs on France. (NY Times)

Secretary of State Pompeo and the Chinese pledge full transparency on Covid-19 breakout. (Bloomberg)

Former Google (GOOGL) Chairman Eric Schmidt noted in a BBC documentary that Huawei passed key data from its access back to Beijing. (CNBC)

Spyware targets Google (GOOGL) Chrome users. (Reuters)

Chevron (CVX) may sell interest in North West Shelf Project. (Bloomberg)

Hertz (HTZ) will no longer sell $500 million of stock. (CNBC)

The ex-Atlanta Policeman who shot Rayshard Brooks is charges with felony murder. (CNN)

Stock Index Tracking

Current through 6/17 close. No changes of note today.

Bold means a change from prior day.

The advance/decline line model is now a BUY. Updated through 6/17 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 last 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 6/17 close. EVL Ranges  continues to expand again with the recent action.

Courtesy of Phil Erlanger Research, Inc.

Economic & Related:

Weekly Jobless Claims were out at 8:30 a.m. EDT and came in at 1.508 million.

June Philadelphia Fed Index was out at 8:30 a.m. EDT and was expected to improve to -25 from -43.10, came in at 27.50 a major beat.

Weekly Natural Gas Inventories are due out at 10:30 a.m. EDT.

Geopolitical & Related

The Bank of England (BOE) is out with its latest interest rate announcement and maintained rates at 0%. Adds 100 billion pounds to bond buying however. (CNBC)

President Trump will participate in a round table with Governors on reopening America at 3:00 p.m. EDT.

OPEC concludes a two days of committee meetings to review market conditions and make policy changes.

Meetings, Calls & Conferences

Investor/Analyst Days & Conference Calls of Note: GM BOSSY (Investor/Analyst Meeting) PFE  JNJ (Webinar).

Sellside Conferences: Raymond James Human Health Innovation Conference (6/15-6/18).

Industry Conferences: National Foundation For Infectious Diseases (NFID) Annual Conference (6/18-6/19). JMP Securities Virtual Hematology And Oncology Forum (6/18).

Upgrades & Downgrades: 

updated through 8:50 a.m. EDT

DISCLAIMER

This communication is for informational purposes only and is solely intended for use by institutional investors. Use of this communication by others, including retail investors, is prohibited. No statement herein is to be construed as a recommendation to purchase or sell a security, or to provide investment advice. Certain products, including options and futures, may involve substantial risk and are not suitable for all investors. The information on this webpage is provided by an independent third party. While the information and opinions presented in this material have been obtained or derived from sources believed by Capital Institutional Services, Inc. (CAPIS) to be reliable, CAPIS makes no representations concerning its accuracy or completeness, and accepts no liability for loss arising from the use of this material.