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Morning Note

"CAPIS Morning Note – 7/14/20 Futures Turn Lower After Being Higher"

posted by CAPIS on 07/14/2020 at 6:13 am

by CAPIS

07/14/2020 at 6:13 am

IPOs Filed: None of note.

Secondaries Priced:  ALT OSMT of note.

Notes Priced of note:  None of note.

Common Stock filings: ALT OSMT ENOB 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:  

None of note.

Misses: 

None of note.

Hourly Action This Past Week: Updated 7/10 Close

News After The Close (In Order)

Yum Brands (YUM) closes dining rooms in corporate owned stores in Florida. (Reuters)

Mohawk (MHK) receives subpoenas from SEC and U.S. Attorney’s Office in Northern Georgia on false revenues and other charges.

Boeing (BA) wins $22.9 billion Air Force contract.

The Guardian claims that those that recover from Covid-19 may lose immunity within months.

Supreme Court rules that federal executions can begin again.

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 -5  Dow Jones Industrial Average +30  NASDAQ -86   Russell 2000 +5.02.  Fair values are higher.  Asia mixed and Europe lower. VIX is higher at 32.75.

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 $139.30 from $139.11with yields at 0.651%.

Positive Sectors On Monday: Utilities of note.

Negative Sectors On Monday: Technology, Consumer Cyclical and Communications Services 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: VNRX +80%, BPMC +20%, VNDA +8%, CYAD +8%, SPAQ +5%.

Gap Down: MSB -14% ,OSMT -13%, MHK -6%.

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

Today After The Close: None of note.

Wednesday Before The Open: UNH ASML GS USB PGR PNC BK OMC WWW of note.

Earnings This Morning Of Note

Beat:

FRC +0.25  JPM +0.15 FAST +0.06  of note.

Missed:

DAL (0.19) 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)

Stocks making the biggest moves. (CNBC)

Coronavirus Update: 3M works on antibodies test and profits hit by virus. (CNBC)

Covid-19 cases in Texas fell for the first time in two weeks. (Houston Chronicle)

Cases rises in 39 states and dropping in only 2. (NYT)

Advent Health CEO Terry Shaw feels that Florida Covid-19 cases will peak this month (WESH)

White House officials believe drug makers will begin to produce a vaccine this summer. (CNBC)

Senate will begin debate on a new Covid-19 relief bill next week. (Reuters)

China to impose sanctions on Lockheed Martin (LMT) following deal with Taiwan. (Bloomberg)

Defense contractors got the biggest share of accelerated funds from the pandemic. (Bloomberg)

Stock Index Tracking

Current through 7/13 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 7/13 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

June CPI is due out at 8:30 a.m. EDT and is expected to rise to 0.5% from -0.1%.

The June National Federal of Independent Business Small Business Optimism Index is expected to climb to 97.5 from 94.4.

Weekly API Petroleum Institute Data is due out at 4:30 p.m. EDT.

Geopolitical & Related

President Trump will meet with the Secretary of State at 3:00 p.m. EDT.

Federal Reserve Governor Lael Brainard speaks at 2:00 p.m. EDT.

Federal Reserve St. Louis President James Bullard speaks at 2:30 p.m. EDT.

Meetings, Calls & Conferences

 IONS (Webcast)  

Sellside Conferences: None of note.

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

Upgrades & Downgrades

Updated Through 8:55 a.m. EDT.

DISCLAIMER

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