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09.25.2020 11 new Morning Note posts under Morning Note (10) and General (1)

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Morning Note

"CAPIS Morning Note -8/7/20 Jobs Data Positive And Futures Fail To Respond Positively"

posted by CAPIS on 08/07/2020 at 7:15 am

by CAPIS

08/07/2020 at 7:15 am

This morning’s update is limited due to limited internet as we had a major outage. We expect to be back to normal on Monday. Have a good weekend.

News Flash: 1.8 million jobs were created in July and the unemployment rate fell to 10.2.

Covid-19 Update With Thursday Data

Cases reported 54,184 from 51,825

Tests 731,700 from 664,219

Positivity Rate 7.41% from 7.80%

Deaths 1,251 from 1,176

Hospitalizations 53,015 from 53,297

Mortality Rate 3.12% from 3.13%

source COVID tracking project

Due to loss of internet early this morning we are limited in production and this section is not updated.

IPOs Priced: None of note.

Secondaries Priced: None of note.

Notes Priced of note: None of note.

Common Stock filings: of note.

Mixed Shelf Offerings:    of note.

Convertible Offering Files: None of note.

Senior Notes Filed:  None of note.

Courtesy of IPO Financial

Earnings After The Close:

Beats:

STMP +2.02, CABO +1.83, GRPN +1.71, PFSI +1.48, BKNG +0.77, TTD +0.72, AGO +0.69, AVT +0.61, PRAA +0.60, USM +0.56, CHUY +0.55, AL +0.50, MHK +0.46, EDIT +0.39, ZG +0.31, TDS +0.30, SWX +0.28, EVBG +0.27, LGF.A +0.26, AMBC +0.25, XLRN +0.24, NKTR +0.24, RSG +0.23, PODD +0.21, TWST +0.21, VSAT +0.20, YELP +0.20, PBYI +0.20, OTEX +0.19, CATM +0.19, PCTY +0.19, SAIL +0.19, AMN +0.19, GKOS +0.18, RBA +0.18, CARG +0.18, G +0.18, MMI +0.17, CNDT +0.17, FTNT +0.17, MSI +0.17, AYX +0.16, SLF +0.16, APPN +0.13, IGMS +0.13, ENV +0.12, HLF +0.12, WWD +0.12, TRUE +0.11, CWK +0.11, AEE +0.11, EXEL +0.11, FLT +0.11, DXC +0.10, AXNX +0.10, UNVR +0.09, BL +0.09, NLOK +0.09, ECOL +0.08, LNT +0.07, TLND +0.07, RPD +0.07, ED +0.07, FSLR +0.07, POST +0.07, ROLL +0.07, NWSA +0.06, NFG +0.06, DBX +0.05, WCN +0.05, CZR +0.04, PRAH +0.04, DDOG +0.04, DIOD +0.03, ELY +0.03, NET +0.03, DRH +0.03, NDLS +0.03, TDC +0.03, NSA +0.03, FLO +0.02, PRDO +0.02, GWPH +0.02, SVMK +0.02, CUBE +0.02, PRSP +0.02, PLYA +0.02, EPAY +0.01, SWCH +0.01 of note.

Flat: ALTR +0.00, AMH +0.00, COLD +0.00, IRTC +0.00, LSI +0.00, MAIN +0.00, ZIOP +0.00

Misses: 

AMC (1.17), BHF (1.15), UPLD (1.01), TPIC (0.79), BECN (0.77), PETQ (0.52), OLED (0.28), GH (0.21), AAXN (0.17), EOG (0.16), SWI (0.16), FGEN (0.16), NNI (0.14), UBER (0.14), TRIP (0.13), DEI (0.09), AG (0.07), SSRM (0.07), RGNX (0.06), TMUS (0.06), ILMN (0.05), CBT (0.05), REAL (0.05), GPRO (0.04), CYRX (0.04), PBA (0.04), RLJ (0.03), AINV (0.02), LTHM (0.02), RMAX (0.01), HTA (0.01) of note.

Hourly Tracking – Updated Through 8/6

News After The Close:

Due to loss of internet early this morning we are limited in production and this section is not updated.

Raises Guidance Raised: 

Lowers Guidance: 

Raises Dividend: 

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 hit a low point in front of the Jobless Claims data and now we see some improvement but still negative.

S&P 500 -5  Dow Jones Industrial Average -61 NASDAQ -19   Russell 2000 +3.58.  Fair values are mostly lower.  Asia lower and Europe higher. VIX is at 25.1 from 25.43  this morning.

Gold and silver higher with copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, higher vs Pound and lower vs Yen. US 10 year Treasury price is at $140.09 from$140.20 with yields at 0.538% from 0.531%.

Positive Sectors On Thursday: Communication, Technology and Utilities.

Negative Sectors On Thursday: Energy, Healthcare and Materials 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:

CNDT +71%, GRPN +31%, STMP +19%, ZG +13%, CHRS +13%, AAOI +13%, VXRT +12%, SAIL +11%, TDC +10%, TLND +9%, UPLD +8%, SWCH +8%, LGF.A +8%, RKT +7%, PRDO +7%, PRAA +6%, AL +6%, PFSI +6%, UNVR +6%, DIOD +5%, AMN +5%

Gap Down: 

AYX -19%, AEE -13%, ILMN -13%, OLED -10%, GWPH -9%, DDOG -9%, DVAX -9%, PDFS -9%, CYRX -8%, NH -8%, REAL -8%, AAXN -8%, NWSA -7%, SSRM -7%, IRTC -7%, PETQ -7%, DBX -7%, QTRX -6%, BL -6%, AQUA -6%, FTNT -6%, GPRO -6%, CUTR -5%, LYFT -5%, HL -5%.

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

Today After The Close:  RDN of note.

Mon Morning: DUK GOLD MAR PPL BKI RCL ON DOYU BLUE TGNA SAGE SEAS AVYA CEVA RDNT CEIX  of note.

Earnings This Morning Of Note

Beat: 

CNNE +5.85, UFS +0.84, SSP +0.22, DISH +0.21, CSIQ +0.21, TILE +0.20, VIRT +0.18, EBIX +0.11, ROAD +0.05, VTR +0.03 of note.

Flat:

Missed:

ESNT (0.24), NJR (0.16), NWN (0.14), MGA (0.07), KIM (0.02), HMSY (0.01) of note.

Still to Report: SABR

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 8/3. Stocks lost some ground on Thursday despite the indexes being higher.

Courtesy of Phil Erlanger Research Inc.

Rags & Mags: Highlighted Stories may be clicked through to the original story. This section has limited updates.

5 Things To Know To Start Your Day (Bloomberg)

5 Things to Know Before The Market Opens On Friday. (CNBC)

Stocks Making The Biggest Moves (CNBC)

Coronavirus Update: U.S. deaths expected to be at 300,000 by year end. (CNBC)

Stock Index Trading

Current through 8/6 close. We remain in “as good as it gets” mode as all indexes are above the above their 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 8/6 close. EVL Ranges  are starting to get back to normal 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 Nonfarm Payrolls are due out at 8:30 a.m. EDT and are expected to grow by 2 million down from 4.80 million last month. The unemployment rate is expected to fall to 10.5% from 11.1%.

Geopolitical & Related

President Trump will be at Trump National Golf Club in Bedminster, NJ. No scheduled events.

Meetings, Calls & Conferences

CHYHY (Investor Conference)  

Sellside Conferences: Piper Sandler Financial Services Conference (8/5-8/7) Piper  Sandler P.S. It’s Friday: Digital Transformation Impact on Identity Conference (8/7)

Industry Conferences:  IBM Integration Technical  Conference (8/3-8/6). SNN Network Virtual Investor Conference (8/3-8/6)

M&A

Upgrades & Downgrades 

Due to loss of internet early this morning we are limited in production and this section is not updated.

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