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"CAPIS Morning Note – 12/29/20: Slow News Day, Futures Continue To Drift Higher"

posted by CAPIS on 12/29/2020 at 7:53 am

by CAPIS

12/29/2020 at 7:53 am

Lead Story: Senate has to pass Defense Bill and decide whether it will agree to $2,000 stimulus passed by the House yesterday.

Covid-19 Statistics: 

Total Cases 19,072,721 from 18,907,656

Deaths 326,322 from 324,796

New Tests 1,540,320 from 1,373,305

New Cases 162,190 from 152,461 with positivity rate of 10.5% (down 0.6)

Daily Deaths 1,491

Current Hospitalizations 121,235 from 118,720

Capital Raises:

IPOs Priced: 

Secondaries Priced: None  of note.

Notes Priced of note: None of note.

Common Stock filings: None of note.

Selling Shareholders of note: VNT of note.

Mixed Shelf Offerings: None of note.

Convertible Offering Files:  None of note.

Senior Notes Filed: None of note.

Earnings Out After The Close:

Beats: none

Flat:  none

Misses: none

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

IMAX (IMAX) CEO Richard Gelfond in CNBC interview says improvement  by Q2. (CNBC)

TAL Education (TAL) gets $3.3 billion private placement into the company.

Lockheed Martin (LMT) wins $1.3 billion Navy contract.

FAA issues final rules on unmanned drones.

House passed bill to attach to the Stimulus Bill for $2000 stimulus checks 275-34.

House votes to override Defense Bill. Bernie Sanders to filibuster in the Senate this vote. (Politico)

Dividend Increase: IVR   

Raises Guidance: 

Lowers Guidance: 

Stock Buyback New Or Increase: 

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

S&P 500 +15   Dow Jones Industrial Average +143   NASDAQ +59    Russell 2000 +10 . Fair values are higher ex the Russell 2000. Asia mixed and Europe higher. VIX is at 23.41 from 23.45 this morning in futures. VIX closed at 21.70 from 24.23 and the three month futures at 25.15 from 27.25.

Gold lower, silver and 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 $137.86 from $137.69 with the yield at 0.943% from 0.956%.

Positive Sectors On Monday: Communication Services, Consumer Defensive and Financials of note.

Negative Sectors On Monday: Energy, Materials and Healthcare 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: None of note.

Tuesday Before the Open: None of note.

Earnings This Morning Of Note:

Beats: none

Misses: none

Still to Report: none

Erlanger Research Advance/Decline Chart –  Updated 12/28 Close.

Gap Ups & Down In Early Pre-Market:

Gap Up:

AMPH +13%, QTRX +6%, NVRO +4%, MNOV +4%, MRUS +4%, ABCL +4%

Gap Down:

ARCT -27%, LYG -4%

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

Stocks Making The Biggest Moves – BA SAP BABA T AZN DASH     (CNBC)

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

Senator Marco Rubio (R- FL) says will support additional stimulus checks for $2000. (The Hill)

President Trump’s executive order banning U.S. investors from buying stocks controlled by China’s military would extend too ETFs and index funds. (Reuters)

Stock Index Trading:

Current through 12/28 close. Overall confidence stays at 100%.

Bold means a change from prior day.

Economic:

S&P Case-Shiller Home Price Index is due out at 9:00 a.m. EST and is expected to rise to 6.9% from 6.6%.

December Consumer Confidence is due out at 10:00 EST and is expected to rise to 96.5 from 96.1.

November Existing Home Sales are due out at 10:00 a.m. EST and is expected to fall to 6.80 million from 6.85 million.

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

7 Year Treasury Auction with $59 billion being auctioned.

Geopolitical & Related:

Investor Meetings & Conferences of Note:

PHUN (Investor Presentation)

Sellside Conferences: None of note.

Industry Conferences: None of note.

M&A Activity:

Vectrus (VEC) buys Zenetex for $112 million.

Upgrades & Downgrades This Morning: Another very quiet day. 

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