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Morning Note

News

Morning Note

"CAPIS Morning Note -7/28/20 Stimulus Battle Ramps Up"

posted by CAPIS on 07/28/2020 at 5:56 am

by CAPIS

07/28/2020 at 5:56 am

Covid-19 Stats For Monday:

Reported Cases yesterday: 55,134 from 61,713.

Tests 760,840 from 855,811

Positivity Rate: 7.25% from 7.21%

Deaths 1,059 from 558

Current Hospitalizations 59,023 from 58,614

source COVID tracking project

IPOs Priced: None of note.

Secondaries Priced:  None of note.

Notes Priced of note: None of note.

Common Stock filings: ZNTL TXCRR CRMD IBKR NMRD of note.

Mixed Shelf Offerings: TXT BTAI BCBP of note.

Convertible Offering Files: None of note.

Senior Notes Filed:  None of note.

Courtesy of IPO Financial

Earnings After The Close:

UHS +2.28, AGNC +1.13, TNET +0.94, FIX +0.67, SSD +0.67, OMF +0.58, HTLF +0.37, JBT +0.35, MEDP +0.33, TBI +0.30, AMKR +0.25, CR +0.17, PFG +0.16, FFIV +0.15, CATY +0.10, HSTM +0.10, CINF +0.07, RNST +0.07, AJRD +0.06, BRO +0.06, OGS +0.06, QTS +0.03, TCF +0.02 of note.

Misses:

NXPI (1.63), JJSF (0.55), CRSP (0.32), HXL (0.14), NOV (0.10), EHC (0.03), VCRA (0.02), PCH (0.02), ARE (0.01) of note.

Hourly Tracking -Will return tomorrow as we are doing an overhaul to it.

News After The Close:

Senate Minority Leader Schumer and House Speaker Pelosi met with Treasury Secretary Mnuchin and Chief of Staff Meadows at 6:00 p.m. EDT.

Senate Majority Leader McConnell introduces GOP stimulus plan called the Heals Act cuts $600 a week extra to $200 but adds $1200 or $2400 of stimulus payments.

Qualcomm (QCOM) announce Qualcom Quick Charge 5, charging technology for Android devices.

Vectrus (VEC) wins $530 million Army contract.

BioNTech (BNTX) and Pfizer (PFE) start late phase trial for vaccine of Covid-19.

Apple (AAPL) creates “The Oprah Conversation” to start on 7/30 per Variety.

Raises Guidance Raised: FFIV MEDP BSM 

Lowers Guidance: 

Raises Dividend: HESM 

Cut 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 -9  Dow Jones Industrial Average -84 NASDAQ -24  Russell 2000 -1.  Fair values are lower.  Asia mixed and Europe mixed. VIX is at 27.77 this morning.

Gold, silver and copper lower. WTI Crude Oil lower and Brent Oil Futures higher. Natural Gas is higher. $ is higher vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $139.47 from $139.67  with yields at 0.595%.

Positive Sectors On Monday:  Materials, Technology, Consumer Cyclical and Real Estate of note.

Negative Sectors On Monday: Utilities 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: SPPI +65%, LUMO +20%, AMKR +17%, OMF +16%, FIX +15%, BSM +12%, MEDP +11%, VCRA +11%, HSTM +10%, PII +9%, TNET +7%, AJRD +5%, TCRR +4%, AGNC +4%, BNTX +4%, IBTX +4%

Gap Down: CRMD -19%, NMRD -14%, EDU -6%, AUDC -5%, NXPI -4%, HXL -4%, NOV -4%, CRSP -4%

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

Today After The Close: V AMGN SBUX MDLZ AMD CB DXCM EBAY CSGP AFL FTV EIX EQR AKAM MXIM of note.

Tomorrow Morning: SNY SHOP BA ANTM ENB ADP GE CME BSX SPOT NSC GD EPD GM ETN LHX of note.

Earnings This Morning Of Note

Beat:

LH +1.65, SHW +1.40, CMI +0.93, SPGI +0.76, PII +0.65, FBC +0.65, MLM +0.52, MDC +0.48, DHI +0.44, SSTK +0.36, CVLT +0.35, IBTX +0.35, RTX +0.28, DTE +0.26, TPB +0.26, ROP +0.26, PRLB +0.23, TRU +0.17, XRX +0.15, ZBRA +0.13, OMC +0.13, OTIS +0.12, PFE +0.12, AWI +0.12, GLW +0.11, WAB +0.11, ROK +0.10, MSCI +0.09, B +0.07, WDR +0.06, HUN +0.04, MO +0.03, FBP +0.03, ABG +0.03, ST +0.02, SITC +0.02, IRDM +0.01 of note.

Flat: 

Missed:

YNDX (14.21), HOG (0.48), ARCH (0.43), MCD (0.10), IVZ (0.08), JBLU (0.05), EDU (0.05), CNC (0.03), MMM (0.01) of note.

Still to Report: ECL, FELE, BEN, LW, NEO

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 7/27. Stocks improved on Monday.

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)

House Speaker Pelosi called the latest GOP stimulus bill “pathetic”. (Bloomberg)

Coronavirus is slowing in Florida, Texas and Arizona. (CNBC)

China is lagging behind U.S. imports agreed to in last year’s trade deal. (Bloomberg)

Portland Mayor calls for a cease fire while U.S. increases federal agents to the city. (The Washington Post)

Trump Administration seeks to regulate social media. (WSJ)

Stock Index Trading

Current through 7/27 close. Indexes moved back above some key moving averages.

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 7/27 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 

July Consumer Confidence is due out at 10:00 a.m. EDT and is expected to come in at 95 down from 98.1 in June.

Federal Reserve Open Market Committee (FOMC) begins its two day meeting.

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

Geopolitical & Related

President Trump has no events scheduled for today.

Attorney General William Barr to testify before the House Judiciary Committee today.

$44 billion 7 Year Note at 1:00 p.m. EDT.

Meetings, Calls & Conferences

RHHBY (Analyst Meeting)

Sellside Conferences: KBW Community Bank Investor Conference (7/28-7/30)

Industry Conferences:  Alzheimer’s International Conference (7/27-7/31)

M&A

Upgrades & Downgrades – 

Updated Through 8:45 a.m. EDT.

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