09.30.2022 11 new Morning Note posts under Morning Note (10) and CAPIS Insights (1)

Morning Note


Morning Note

"CAPIS Morning Note – 12/9/20: Futures Rebound After Two Weak Starts This Week"

posted by CAPIS on 12/09/2020 at 7:42 am


12/09/2020 at 7:42 am

Breaking News:

Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows followed by October weakness into month’s end. Since 11/4 close, the S&P has not rallied for more than two days before some selling and the longest losing streak is two days, yet the S&P 500 has gained almost 200 points since then.

Covid-19 Statistics: 

Total Cases 14,903,563 from 14,717,065

Deaths 277,367 from 274,745

New Tests 1,638,354 from 1,835,388

New Cases 213,498 from 180,193 with positivity rate of 13.0% (up 3.2)

Daily Deaths 2,622

Current Hospitalizations 104,600 from 102,148

Capital Raises:

IPOs Priced: DoorDash (DASH) priced at $102 per share above expected range of $90 to $95. (AI) priced at $20 with range of $16 to $18. PubMatic (PUBM) prices 5.9 million at $20 above $16 to $18 a share.

Secondaries Priced: KURA STRO ATRA HOOK IGMS BRP TALO XPEV SNDX    of note.

Notes Priced of note: YCBD UBER of note.

Common Stock filings: ICHR HOOK TALO CRIS FMTX BRP JKS   of note.

Selling Shareholders of note: None of note.

Mixed Shelf Offerings: GME  of note.

Convertible Offering Files:  None of note.

Senior Notes Filed: None of note.

Earnings Out After The Close:

Beats: GME +0.32, GWRE +0.21, AVAV +0.17, MDB +0.13, CHWY +0.05

Flat:  none

Misses: PHR (0.01)

News After The Close (sorted by time starting at the close):

FireEye (FEYE) was breached by hackers, taking major tools with the breach.

JP Morgan (JPM) Jamie Dimon spoke in the afternoon and see Q4 markets revenue up 20%. Notes he would not own 10 year treasuries.

Supreme Court ruled against Trump Campaign in Pennsylvania.


Raises Guidance:  MDB CHWY

Lowers Guidance: 

Stock Buyback New Or Increase: WST

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

S&P 500 +6    Dow Jones Industrial Average +98    NASDAQ -7    Russell 2000 +11 . Fair values are mixed to lower. Asia mixed and Europe higher. VIX is at 23.45 from 22.61 this morning in futures. VIX closed at 20.59 from 21.22 and the three month futures at 23.87 from 24.52.

Gold and silver lower with copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $137.55 from $137.77  with the yield at 0.939% from 0.916%.

Positive Sectors On Tuesday: Healthcare, Consumer Cyclical and Industrials of note.

Negative Sectors On Tuesday: Utilities, Real Estate and Financials of note. 

One Month Winners: Energy, Financials Real Estate and Industrials  of note.

Three Month Winners: Industrials, Communication Services, Utilities and Financials of note.

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

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

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

Upcoming Earnings Of: (sorted by market cap, highest to lowest with most visible names)

Today After the Close: ADBE, RH, VRNT, GEF, OXM, CMTL, MESA of note.

Thursday Before the Open: CIEN, FIZZ of note.

Earnings This Morning Of Note:

Beats: LOVE +1.01, DBI +0.15, CPB +0.11

Flat: none

Misses: UNFI (0.23), PLAB (0.05)

Still to Report: VRA

Erlanger Research Advance/Decline Chart –  Updated 12/8 Close. 

Gap Ups & Down In Early Pre-Market:

Gap Up:

RCKT +33%, LPCN +23%, TTCF +11%, SRNE +9%, KZIA +7%, PRPH +4%

Gap Down:

PSTI -46%, GME -16%, TALO -16%, TCDA -14%, FEYE -13%, IGMS -13%, PHR -9%, ICHR -9%, PLAB -9%, BRP -9%, HOOK -9%, POWL -8%, CVM -8%, AY -6%, ATRA -5%, JKS -4%, XPEV -4%

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

Stocks Making The Biggest Moves. (CNBC)

5 things to know before the market opens. (CNBC)

Biggest analyst calls of the day. (CNBC Pro)

Coronavirus Update:  Allergy warning on vaccine in U.K.. (CNBC)

Stimulus back and forth continues. (NYT)

Texas Attorney General Ken Paxton files request with the Supreme Court to extend 12/14 deadline for the Electoral College. (NYT)

House passed Defense Authorization Act with enough votes to overturn the president. (The Hill)

State and federal officials to file antitrust case against Facebook (FB) today. (The Washington Post)

Stock Index Trading:

Current through 12/8 close. Overall confidence remains at 100%.

Bold means a change from prior day.


Weekly MBA Mortgage Applications were due at 7:00 a.m. EST and are out with a drop of -1.2%.

Weekly Crude Oil Inventories are due out at 10:30 a.m. EST.

$38 billion of 10 Years to be auctioned at 1:00 p.m. EST.

Geopolitical & Related:

President Trump has no public events.

Investor Meetings & Conferences of Note:

ZS SBUX DXCM LOW ARQT MIRM LDL NVS  (Investor Day)  MBIO  (Conference Call) WIX CRSP (Update)  SVMK WPG RXT  (webcast) TVTX NGM (R&D Day)

Sellside Conferences:  Raymond James Technology Conference (12/7-12/9) UBS Global Media Telecoms/Communication and Technology Conference (12/7-12/9) Capital One Securities Annual Energy Conference (12/7 to 12/9) Goldman Sachs Financials Conference (12/8-12/9) Citi Global Consumer Conference ( 12/8-12/10) Wells Fargo Midstream and Utility Symposium (12/8-12/9) Barclays Global TMT Conference (12/9-12/11)

Industry Conferences: American Society of Hematology Annual meeting (12/5-12/8) Benzinga Small Cap Conference (12/8-12/9)


Baxter International (BX) makes a takeover bid for Omnicell (OMCL).

Upgrades & Downgrades:  JP Morgan goes crazy on downgrades.


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