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Morning Note

"CAPIS Morning Note – 7/20/20 Big Earnings Week Ahead"

posted by CAPIS on 07/19/2020 at 11:06 am

by CAPIS

07/19/2020 at 11:06 am

IPOs Priced: None of note.

Secondaries Priced: None of note.

Notes Priced of note:  None of note.

Common Stock filings: NKLA  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 7/15 Close

News After The Close:

Uber (UBER) to work with Google (GOOGL) Maps.

IBM Corp (IBM) and Ernst Young announce expanded global alliance.

Lockheed Martin (LMT) wins $15 billion Air Force contract and a $940 million Navy contract.

Barron’s + on MSCI SPGI DG DLTR WFC GS and cautious on NFLX.

President Trump had extensive interview on Fox News over the weekend.

Raises Guidance:

Raises Dividend:

Stock Split Announcement: 

Stock Buyback: 

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 -1    Dow Jones Industrial Average -20  NASDAQ +38   Russell 2000 +1.  Fair values are mixed.  Asia mixed and Europe mixed. VIX is at 25.90 from 27.75 from Friday morning.

Gold higher, silver higher and copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $139.47 from $139.55 with yields at 0.602%.

Positive Sectors On Friday:  Utilities, Healthcare, Basic Materials and Real Estate of note.

Negative Sectors On Friday: Energy, Financials, Consumer Cyclical and Telecommunication Services of note.

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

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

Six Month Winners:  Technology,Consumer Cyclical and Healthcare 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: DNR +96%, LMNX +13%, QTNT +11%, NBL +10%, ASMB +8%, BNTX +7%, PHG +6%, BABA +5%

Gap Down: NKLA -18%

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

Today After The Close: IBM CDNS LOGI CCK STLD ELS ZION ACC BXS LLNW of note.

Tuesday Before The Open: NVS KO PM LMT PLD UBS PCAR SYF CBSH CMA GPK NEOG MUSA SNV GATX CIT SFNC OGI of note.

Earnings This Morning Of Note

Beat:

LII +0.26, HAL +0.17, PHG +0.12, CALM +0.10, ONB +0.09, MAN +0.01 of note.

Flat:

Missed:

None of note.

Still to Report: PETS

Erlanger Research Advance/Decline Line Chart – We are no longer showing our proprietary advance/decline model as it is available on a subscription basis. Instead we are now showing a chart of the advance/decline. We hope you enjoy. Close 7/17. Notice that the Market Daily AD Line is flat lining.

Courtesy of Phil Erlanger Research Inc.

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:Trump battles Fauci.(CNBC)

President Trump says next stimulus needs Payroll Tax Cut and liability protection for businesses. (The Washington Post)

Los Angeles on the brinnk of a stay at home order. (CNN)

Quest Diagnositc (DGX) gets Emergency Use Authorization for its proprietary molecular diagnostic test for Covid-19.

BioNTech (BNTX) and Pfizer (PFE) to supply 30 million doses of joint vaccine to U.K. if vaccine tests successful.

Luminex (LMNX) gets Emergency Use AUthorization for COvid-19 anitbody test.

Briggs & Stratton (BBG) files for bankruptcy and will sell all assets to

Stock Index Tracking – A miracle happened last week as the NASDAQ 100 broke its 5 and 10 day moving averages.

Current through 7/17 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 7/17 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 None of note.

Geopolitical & Related

President Trump will hold a fundraiser at Trump International Hotel in Washington, D.C.

Reserve Bank of Australia (RBA) latest minutes due out at 7:00 p.m. EDT.

Meetings, Calls & Conferences

BHP BBL (Update)

Sellside Conferences: SEMICON West 2020 (7/20-7/23)

Industry Conferences:

M&A

Grifols, S.A. (GRFS) to buy Green Cross plasma fractionation facility for $460 million.

Chevron (CVX) to buy Noble Energy (NBL) for $10.28 a share.

Upgrades & Downgrades – 

Updated Through 8:35 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.