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01.22.2021 10 new Morning Note posts under Morning Note (9) and CAPIS Insights (1)

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"CAPIS Morning Note – 1/5/21: Georgia Election Front And Center, Futures Weakening This Morning"

posted by CAPIS on 01/05/2021 at 7:35 am

by CAPIS

01/05/2021 at 7:35 am

Lead Story:

Covid-19 Statistics: With the winter holidays, we expect a number of reporting and data anomalies for the next few weeks. We urge caution in using these figures (new disclaimer from them).

Total Cases 20,560,549 from 20,376,721

Deaths 344,808 from 343,177

New Tests 1,638,082 from 1,424,180

New Cases 177,669 from 204,805 with positivity rate of 10.8% (down 3.5)

Daily Deaths 1,545

Current Hospitalizations 128,210 from 125,544

Capital Raises:

IPOs Priced:  None of note.

Secondaries Priced: None  of note.

Notes Priced of note: None of note.

Common Stock filings: NGM FATE GBIO PRLD VRAY  of note.

Selling Shareholders of note: None of note.

Mixed Shelf Offerings:  ATH 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:

Jamf Holdings (JAMF) now on more than 20 million Apple (AAPL) devices.

Mondelez (MDLZ) in talks to buy Hu Master. (WSJ)

Netflix (NFLX) says that 63 million households have viewed Bridgerton, highest viewing between Christmas and New Year’s.

Lockheed Martin (LMT) wins $.9 billion Air Force contract.

Federal Reserve Atlanta President Raphael Bostic notes the Fed could begin to slow monthly asset purchases if vaccines work.

Federal Reserve Cleveland President Loretta Mester notes that monetary policy needs to remain “patiently accomodative”.

Amazon (AMZN), Berkshire Hathaway (BRKA) and JP Morgan (JPM) shut down healthcare venture, Haven.

Dividend Increases: OZK  LSI JEF

Split Announcement: LSI (3:2)

Raises Guidance: 

Lowers Guidance: 

Stock Buyback New Or Increase: JEF NMFC

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

S&P 500 -9   Dow Jones Industrial Average -60   NASDAQ -53    Russell 2000 +5 . Fair values are mixed. Asia mixed and Europe mixed. VIX is at 26.90 from 24.35 this morning in futures. VIX closed at 26.97 and the three month futures at 28.26.

Gold, 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 $138 from $137.9 with the yield at 0.93% from 0.931%.

Positive Sectors On Monday:  Materials and Energy of note.

Negative Sectors On Monday: All others led by Real Estate, Industrials and Utilities 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: SGH of note.

Wednesday Before the Open: RPM, MSM, SMPL, GBX of note.

Earnings This Morning Of Note:

Beats: none

Misses: none

Still to Report: none

Erlanger Research Advance/Decline Chart –  Updated 1/4 Close.

Gap Ups & Down In Early Pre-Market:

Gap Up:

BPFH +26%, CHU +18%, GRTS +16%, CHL +10%, AIH +10%, CHA +8%, JAMF +5%, JEF +4%

Gap Down:

VRAY -13%, SRAC -12%, AHCO -5%, GBIO -4%, FATE -4%, NGM -4%, SBTX -4%

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

Stocks Making The Biggest Moves – MU FSLR MRNA   (CNBC)

Covid Update – No vaccination a crime in New York, Moderna ups vaccine production. (CNBC)

NYSE Stops delisting of Chinese stocks CHU CHL CTT. (CNBC)

Qualcomm (QCOM) CEO Steve Mollenkopf to retire. (CNBC)

Georgia Election Senate runoffs, front and center. (CNBC)

Bitcoin could rise to $146,000 per JP Morgan. (CNBC)

Stock Index Trading:

Current through 12/31 close. Overall confidence moves to 93% from 100%.

Bold means a change from prior day.

Economic:

December ISM Manufacturing Index is due out at 10:00 EST and is expected to fall to 56.4% from 57.5%.

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

Geopolitical & Related:

Georgia holds a runoff Senate election for both seats. The fate of the Senate will be determined by this election. Results may or may not be known for several days.

Investor Meetings & Conferences of Note:

MRSN (Investor event)  UGI GNW  (Conference Call) 

Sellside Conferences: Citi Global TMT West Conference (1/4-1/7) Mizuho Virtual Retailing Conference (1/5) Goldman Sachs Healthcare CEO Conference (1/5)

Industry Conferences: None of note.

M&A Activity:

BostonPrivate Financial (BPFH) to buy bought by SVB Financial (SIVB) for $900 million.

DISCLAIMER

This communication is for informational purposes only and is solely intended for use by institutional investors. Use of this communication by others, including retail investors, is prohibited. No statement herein is to be construed as a recommendation to purchase or sell a security, or to provide investment advice. Certain products, including options and futures, may involve substantial risk and are not suitable for all investors. The information on this webpage is provided by an independent third party. While the information and opinions presented in this material have been obtained or derived from sources believed by Capital Institutional Services, Inc. (CAPIS) to be reliable, CAPIS makes no representations concerning its accuracy or completeness, and accepts no liability for loss arising from the use of this material.