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"CAPIS Morning Note -6/22/20 Stocks Recover From Overnight Losses, To Be Down Slightly"

posted by CAPIS on 06/22/2020 at 6:06 am

by CAPIS

06/22/2020 at 6:06 am

IPOs on deck: 

IPOs Filed:

Secondaries Priced: None of note.

Notes Priced of note: HLTF of note.

Common Stock filings: PTCT OCG WRTC PAYS AA  of note.

Mixed Shelf Offerings: CUBI MIST CCC 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.

Hourly Action This Past Week: Updated 6/17 Close

News After The Close (In Order)

On  Friday night, Attorney General William Barr fires the Southern District of New York U.S. Attorney Geoffrey Berman. Saturday saw President Trump do the official firing of Berman.

Carlisle Companies (CSL) ends its agreement to  acquire Draka Fileca SAS.

Churchill Downs (CHDN) launches Illinois’ first online sportsbook.

President Trump held a rally in Tulsa on Saturday and the event was sparse in attendance after demand was reported to be heavy for the event.

Baron’s is + on BC AME EMR ROLL WAS GILD BIIB UONE BYFC CARV INTC WDC CACI LDOS STX DOX CIEN ACN MKSI FFIV. Cautious on DKNG DDOG ZM ZS COUP OKTA NET CRWD TEAM VEEV.

Raises Guidance:

Dividend Raised: HCKT

Dividend Cut or Suspended: HST

Share Buyback: 

Insider Buys > $100,000 – 

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 5 Dow Jones Industrial Average -54  NASDAQ +1 Russell 2000 -2.13. Fair values are MUCH higher.  Asia mixed and Europe lower.

Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is lower vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $138.88 from $138.54with yields at 0.733%.

Positive Sectors On Friday:  Healthcare of note.

Negative Sectors On Friday: Utilities, Energy and Real Estate 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: None of note.

Tuesday Before The Open: MMYT INFO 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)

Stocks making the biggest moves. (CNBC)

Coronavirus update: South Korea gets second wave, WHO notes global case at a high . (CNBC)

U.S. Coronavirus Map.

The first wave of Coronavirus is not over as about half of all states are seeing an increase in cases. (CNN)

White House Advisor Peter Navarro notes the Trump Administration is preparing for a second wave of Covid-19 in the fall. (CNN)

Florida Governor DeSantis notes most new Covid-19 cases are from young people that are asymptomatic. (Orlandao Sentinel)

A “problematic” statue of Teddy Roosevelt will be removed from the Natural History Museum in NYC. (CNN)

PG&G (PCG) to emerge from bankruptcy in July.

Brookfield Asset Mgmt (BAM) has skipped payments on its mortgages and asks if forbearance. (FT)

Stock Index Tracking

Current through 6/18 close.

Bold means a change from prior day.

The advance/decline line model is now a BUY. Updated through 6/18 close. In 2019, the model was up 16.48% on the S&P 500 and this year is up 7.87% with the S&P 500 lower by -5.86% through Thursday. Now 6 buy signals and 4 cash signals in 2019 and 2020. The last buy gained 12.89%.  The current buy signal is up 2.62% through yesterday.

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 6/18 close. EVL Ranges  continues to expand again with the recent action.

Courtesy of Phil Erlanger Research, Inc.

Economic:

May Existing Home Sales are due out at 10:00 a.m. EDT and are expected to fall to 3.98 million from 4.33 million.

Geopolitical & Related

President Trump will have lunch with the Vice President at 1:00 p.m. EDT.

Meetings, Calls & Conferences

Investor/Analyst Days & Conference Calls of Note:   EA BMY CGC  (Investor/Analyst Meeting).

Sellside Conferences: Morgan Stanley The Future of Work Conference. (6/22). Bank of Americ Merrill Lynch Napa Biopharma Conference (6/22-6/24).  Goldman Sachs Healthcare Corporate Day (6/22-6/24). J.P. Morgan China Conference (6/22-6/24). Credit Suisse Biotech Conference (6/22-6/24)

Industry Conferences: Apple Worldwide Developer Conference (6/22-6/26). American Association for Cancer Research Annual Meeting II (6/22-6/24).

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