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Morning Note

"CAPIS Morning Note – 7/13/20 12th Monday In A Row Higher?"

posted by CAPIS on 07/13/2020 at 6:42 am

by CAPIS

07/13/2020 at 6:42 am

Fun Fact: This could be the 12th Monday in a row higher since the market bottomed. Quite the streak!

IPOs Filed: None of note.

Secondaries Priced: BGNE of note.

Notes Priced of note:  None of note.

Common Stock filings: AMRS of note.

Mixed Shelf Offerings:   STOK  DDD EQNR of note.

Convertible Offering Files: None of note.

Senior Notes Filed:  None of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat:  

SJR +0.05 of note.

Misses: 

None of note.

Hourly Action This Past Week: Updated 7/10 Close

News After The Close (In Order)

Artisan Partners (APAM) saw assets increase to $120.6 billion from $114.4 billion.

Soros Fund Management takes a 5.3% interest in Xeris Pharmaceuticals (XERS).

Amazon (AMZN) accidently sent out email to ban employees from using TikTok.

Peabody Energy (BTU) saw its credit rating drop to B from a major credit rating firm.

Kirby (KEX) will restate Q1 to correct for a good will impairment charge.

Atlanta reverts to a Phase I opening.

Barron’s + on NOK FB ASML .

Raises Guidance: 

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 +24   Dow Jones Industrial Average +217  NASDAQ +114   Russell 2000 +17.82.  Fair values are higher.  Asia lower and Europe mixed to higher. VIX is lower at 28.25.

Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $139.11 from $139.64 with yields at 0.651%.

Positive Sectors On Friday: Consumer Cyclical and Technology.

Negative Sectors On Friday: Healthcare and Technology of note.

One Month Winners: Technology. Materials and Consumer Cyclical of note.

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

Six Month Winners:  Technology 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: EQ +208%, WIMI +67%, MXIM +17%, XERS +16%, SJR +6%, BNTX +6%, QFIN +4%

Gap Down: NXTC -10%

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

Today After The Close: None of note.

Tuesday Before The Open: JPM C WFC FAST FRC DAL of note.

Earnings This Morning Of Note

Beat:

PEP +0.07 of note.

Missed:

None of note.

Still to Report: 

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

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

5 Things To Know Before The Market Opens. (CNBC)

Stocks making the biggest moves. (CNBC)

Coronavirus Update: Hong Kong closes schools and India sees cases rise. (CNBC)

U.S. Coronavirus Map.

Latest Covid-19 update from weekend. (NYT)

China counters with sanctions against Senators Ted Cruz and Marco Rubio. (Axios)

Walt Disney (DIS) reopened Disney World without event. (NYT)

Boeing (BA) seeks 737 MAX financing. (Reuters)

BioNtech (BNTX) and Pfizer (PFE) granted Fast Track Designation from FDA for two mRNA vaccine candidates against Covid-19. (CNBC)

Credit Suisse (CS) facing layoffs. (Bloomberg)

Stock Index Tracking

Current through 7/10 close.

Bold means a change from prior day.

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 7/10 close. EVL Ranges  continues to expand again with the recent action. The Erlanger Value Line are available in Bloomberg for your review. Simply visit the Bloomberg App  store at APP(GO).

Courtesy of Phil Erlanger Research, Inc.

Economic

The latest short interest data for the NYSE and NASDAQ came out after the close for the period of 6/11 through 6/26 on Friday night. During that period, the S&P 500 rose 0.23%. NYSE rose byv 2.07% and NASDAQ rose also by 5.23%.

Geopolitical & Related

President Trump will lunch with the vice president at 12:30 p.m. EDT. Then at 2:00 p.m. the president will meet with stakeholders positively impacted by law enforcement.

Meetings, Calls & Conferences

 CELC (Conference Call) ONCS (Webcast)  GRTS (Investor Event) 

Sellside Conferences: 

Industry Conferences: Society of Nuclear Medicine and Molecular Imaging Annual Meeting (7/11-7/14). International Society on Thrombosis and Haemostasis Virtual Congress (7/12-7/14)

M&A

This morning Analog Devices (ADI) announced that they are buying Maxim Integrated (MXIM) for an equivalent of $78.43. This is an all stock deal.

Scripps (SSP) to sell podcast leader Sticher to SiriusXM (SIRI).

Upgrades & Downgrades

Updated Through 8:55 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.