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"CAPIS Morning Note – 6/29/20 Stocks Rallying From Friday’s Selloff. Will It Hold?"

posted by CAPIS on 06/29/2020 at 6:41 am

by CAPIS

06/29/2020 at 6:41 am

IPOs on deck: 

IPOs Filed: None of note.

Secondaries Priced: None of note.

Notes Priced of note: None of note.

Common Stock filings: RAMP GNUS OPCH AHCO TA  of note.

Mixed Shelf Offerings:  D SRE BSTC CIT VERU TRVI OSTK OPCH  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 6/24 Close

News After The Close (In Order)

Graf Industrial (GRAF) in talks to merge with Velodyne Lidar.

Churchill Downs (CHDN) reopens Presque Isle Downs & Casino in Erie, PA. Live racing to start on 7/27.

Raytheon Technologies (RTX) wins a $2.3 billion U.S. Missile Defense Agency contract.

Russell Indexes will be reconstituted this morning.

Walt Disney (DIS) delayed to 8/21 release.

Chesapeake Energy (CHK) declares bankruptcy on Sunday.

Several companies pause on social media outlets especially Facebook (FB) and they include Starbucks (SBUX), Pepsi (PEP) and Coca Cola (KO).

California Governor Newsom to close bars in several cities.

Raises Guidance: 

Dividend Raise: CMCL

Share Repurchase Announcement: IMAX 

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 +17 Dow Jones Industrial Average +190  NASDAQ +13 Russell 2000 +22.52. Fair values are mixed.  Asia and Europe higher.

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 higher vs Yen. US 10 year Treasury price is at $139.14 from $138.91  with yields at 0.66%.

Positive Sectors On Friday: None of note.

Negative Sectors On Friday:  Commercial Services, Financials, Energy and Consumer Cyclicals 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.

Gap Up: TLSA +24%, CNTG +12%, KOS +6%, CMCL +4%, ALXN +4%, BNTX +4%

Gap Down: DRRX -8%, GNUS -5%

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

Today After The Close:  MU MLHR of note.

Tuesday Before The Open: CAG AYI PACW MEI 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)

5 Things To Know Before Friday Open. (CNBC)

U.S. Coronavirus Map.

Dr. Fauci notes that may not get to herd immunity.  (CNN)

Covid-19 cases see 32 states showing increases.  Deaths hit 10 million. (NYT)

Health & Human Services Secretary Alex Azar says window is closing to curb the pandemic.  (NBC News Meet The Press)

Russia offered bounties to the Taliban for killing coalition forces in Afghanistan. (The Washington Post)

Coty (COTY) to expand beauty brands with Kim Kardashian West. (Business Wire)

Gilead Sciences (GILD) sets pricing for Remdesivir. (Business Wire)

Facebook (FB) advertiser boycott group to go global. (Reuters)

Barrons’ + DELL M and cautious on SPOT NFLX AAPL FB  GOOGL AMZN.

Stock Index Tracking

Current through 6/25 close.

Bold means a change from prior day.

The advance/decline line model remains a BUY and again we moved above +200. We need two days below -200 for a change. Updated through 6/26 close. In 2019, the model was up 16.48% on the S&P 500 and this year is up 6.83% with the S&P 500 lower by -4.55% through 6/25. Now 6 buy signals and 4 cash signals in 2019 and 2020. The last buy gained 12.89%.  The current buy signal is up 1.58% through 6/25.

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 6/25 close. EVL Ranges  continues to expand again with the recent action.

Courtesy of Phil Erlanger Research, Inc.

Economic

May Pending Home Sales are due out at 10:00 a.m. EDT and expected to rise to 18% from -21.80%.

Geopolitical & Related

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

Meetings, Calls & Conferences

 JACK  RUHN (Investor Meeting)  

Sellside Conferences: Bank of America Russia Oil & Gas Virtual Trip (6/28-6/29). Morgan Stanley ASEAN Best Conference (6/29-6/30)

Industry Conferences:  SEMICON China Trade Show (6/26-6/29)

M&A

Upgrades & Downgrades

Updated Through 8:45 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.