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10.27.2020 11 new Morning Note posts under Morning Note (10) and General (1)

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"CAPIS Morning Note – 10/5/20: Futures Start The Week Positive"

posted by CAPIS on 10/05/2020 at 8:05 am

by CAPIS

10/05/2020 at 8:05 am

Covid-19 Update With Latest Data From Friday 

Total Cases 7,383,499 from 7,244,316

Recovered: 2,911,699 from 2,860,650

Deaths 201,712 from199,776

New Cases 38,267 from 45,694

Tests 934,726 from 899,458

Deaths 740 from 847

Current Hospitalizations 29,942 from 30,742

source COVID tracking project

Capital Raises

IPOs Priced: None of note.

Secondaries Priced: None of note.

Notes Priced of note: None of note.

Common Stock filings: DCP DKNG of note.

Selling Shareholders of note: DKNG

Mixed Shelf Offerings:  DCP AGRX of note.

Convertible Offering Files: None of note.

Senior Notes Filed: None of note.

Earnings After The Close:

Beats:

None of note.

Misses:

None of note.

Hourly Action – We continue with volatile action. Updated 10/2 close.

News After The Close:

Johnson & Johnson (JNJ) CEO says vaccine not likely until new year.

President Trump was taken to Walter Reed hospital on Friday afternoon and remains there today.

Medical doctors administered oxygen to the president as his oxygen levels fell. He is being treated with a variety of drugs.

Ratings agency affirms Germany, France and Poland with outlook stable.

MGM and Universal (CMCSA) delay release of latest  James Bond movie, No Time To Die.

Visteon (VC) approves restructuring plan with job cuts as they file 8-K.

Senate Majority Leader Mitch McConnell shuts down Senate under October 19th due to several Senators getting Covid-19 over the weekend.

Baron’s + on THO  WGO CWH PLL ALB SQM LTHM ATVI EA TTWO MSFT SNE TEX and cautious on AAL UAL LUV DAL SAVE HA JBLU.

Dividend Increase: 

Dividend Suspended: 

Reinstates Or Initiates Buybacks:

Guides Higher: NPTN

Stock Split:

What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.

S&P 500 +22  Dow Jones Industrial Average +214 NASDAQ +79  Russell 2000 +22 . Fair values are mixed.  Asia mixed and Europe higher. Current VIX is at 27.63 from 26.70.

Gold and silver higher with copper lower. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $139.33 from $139.66 with yields at  from 0.66%.

Positive Sectors On Friday:  Real Estate Utilities and Industrials of note.

Negative Sectors On Friday: Communication Services Technology and Consumer Cyclical of note.

One Month Winners: Real Estate, Consumer Cyclical and Industrials of note.

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

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

Twelve Month Winners: Technology, Consumer Cyclical and Healthcare of note.

Year to Date: Consumer Cyclical, Technology, Communication Services and Materials of note.

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

Today After The Close:  None of note.

Tuesday Morning: MANU PAYX of note.

Gap Up:

MYOK +59% IMGN +23% MGTX +10% XPEV +6% REGN +5% SMMT +5% TRGP +5% GILT +4% SRNE +4% AOSL +4% QDEL +4%  of note.

Gap Down:

None of note.

Earnings This Morning Of Note

Beat:

None of note.

Missed:

None of note.

Still To Report: 

Erlanger Research Advance/Decline Line Chart –  Updated 10/2.

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 10/2 close. The Erlanger Value Line are available in Bloomberg for your review. Simply visit the Bloomberg App store at APP(GO) then find Erlanger Research and setup a trial. The correction cannot end until the EVL Range becomes normal again, i.e. no blue highlighting.

Courtesy of Phil Erlanger Research Inc.

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

Stocks Making The Biggest Moves –DKNG MYOK (CNBC)

Corona Virus Update: Regal to close all theaters in U.S. and U.K. (CNBC)

5 Things To Know Before The Stock Market Opens – (CNBC)

President Trump may return to the White House later today states Chief of Staff Mark Meadows. (Fox)

American Airlines (AAL) receives additional Payroll Support Program of $168 million.

Trump Administration to launch antitrust lawsuit against Google (GOOGL). (Politico)

Norwegian Cruise Line (NCLH) extends suspension of voyages through end of November.

Stock Index Trading

Current through 10/2 close. Mixed action on Friday.

Bold means a change from prior day.

Economic

September ISM Non-Manufacturing Index is due out at 10:00 a.m. EDT and is expected to come in at 55.6% from 56.9%.

Geopolitical & Related

President Trump is resting and tweeting this morning at Walter Reed Medical Center.

Investor Events & Conference Calls

INPX (Update) CSCO (Fireside Chat With Cowen) VNT ALTR (Investor Conference)  HPQ (Fireside Chat)

Sellside Conferences: Jefferies IO Cell Therapy Summit (10/5-1/6) Deutsche Bank Leveraged Finance Conference (10/5-10/7) Credit Suisse Agribusiness & Foods Week (10/5-10/9) JP Morgan CEO Call 2020 (10/5) Guggenheim Vaccines & Infectious Disease Day (10/5-10/6)

Industry Conferences: Jeep Grand Cherokee Summit Series 2020 (10/2- 10/18)

M&A

Gilat Satellite (GILT) and Cometech Telecommunications (CMTL) terminate merger.

MyoKardia (MYOK) to be bought by Bristol Myers Squibb (BMY) for $225 a share in cash.

Upgrades & Downgrades For Monday – 10/5

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