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

Morning Note

News

Morning Note

"CAPIS Morning Note – 1/6/20: Georgia Senate Election Looking To Go To Democrats, Futures Mixed"

posted by CAPIS on 01/06/2021 at 7:53 am

by CAPIS

01/06/2021 at 7:53 am

Lead Story: Democrat Raphael Warnock beats Republican Kelly Loeffler in Georgia Senate Special Election and Democrat Jon Ossoff leading Republican David Perdue but still too close to call.

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 20,825,758 from 20,560,549

Deaths 348,286 from 344,808

New Tests 1,620,506 from 1,638,082

New Cases 214,378 from 177,669 with positivity rate of 13.2% (up 2.4)

Daily Deaths 3,478

Current Hospitalizations 131,195 from 128,210

Capital Raises:

IPOs Priced:  None of note.

Secondaries Priced: NGM REAHCO FATE   of note.

Notes Priced of note: None of note.

Common Stock filings: ARE NEO CLDT of note.

Selling Shareholders of note: None of note.

Mixed Shelf Offerings: of note.

Convertible Offering Files:  NEO of note.

Senior Notes Filed: None of note.

Earnings Out After The Close:

Beats: CALM +0.33, SGH +0.08

Flat:  None

Misses: None

News After The Close:

Tiffany & Co. (TIF) saw global sales rise +4% for the holiday.

Associates Bank (ASB) to sell wealth management group to Rockefeller Capital Management.

Gap (GPS) Athletica introduce first sleep collection.

PPG Industries (PPG) up bid for Tikkurila to 27.75 pounds in cash.

Lockheed Martin (LMT) wins $730 million Navy contract.

Honda Motor (HMC) saw December sales up 4.2%.

NYSE may revert delisting of Chinese stocks after discussion with Treasury Secretary Steve Mnuchin.

Dividend Increases: 

Split Announcement: 

Raises Guidance: ACMR

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 -12   Dow Jones Industrial Average +43   NASDAQ -189    Russell 2000 +42 . Fair values are mixed. Asia mixed and Europe higher. VIX is at 26.90 from 24.35 this morning in futures. VIX closed at 25.34 from 26.97 and the three month futures at 27.25 from 28.26.

Gold and silver lower with copper higher. WTI Crude Oil lower and Brent Oil Futures higher. Natural Gas is lower. $ is lower vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $138 from $137.9 with the yield at 1.00% from 0.931%.

Positive Sectors On Tuesday:  Energy, Materials and Consumer Cyclicals of note.

Negative Sectors On Tuesday: None 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: JEF, RGP of note.

Thursday Before the Open: STZ, WBA, CCL, CAG, LW, TPTX, HELE, AYI, FIZZ, BBBY, LNN, REVG, ANGO of note.

Earnings This Morning Of Note:

Beats: SMPL +0.08, RPM +0.07, MSM +0.02

Flat: none

Misses: GBX (0.20)

Still to Report: none

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

Gap Ups & Down In Early Pre-Market:

Gap Up:

CHNG +38%, CALM +8%, CHU +4%

Gap Down:

TMDI -18%, OCN -8%, GBX -5%, ARE -4%

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

Stocks Making The Biggest Moves – TSLA BAC Solar Stocks   (CNBC)

Today’s Analyst Calls of note – SBUX TSLA FL SPOT. (CNBC)

Vice President Pence told President Trump he does not have the power to block Electoral College certification of President -Elect Biden. (NYT)

Hong Kong arrested 54 politicians as being anti-China. (NYT)

President Trump signs order banning transactions with 8 Chinese companies including BABA, HD and TCEHY. (Reuters)

New York State to move forward with legalizing online sports betting next week, positive for DraftKings (DKNG).

Bitcoin moves above $35,000. (CNBC)

10 Year yield above 1%. (CNBC)

Stock Index Trading:

Current through 1/5 close. Overall confidence moves to 83% from 93%.

Bold means a change from prior day.

Economic:

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

November Factory Orders are due out at 10:00 a.m. EST and is expected to fall to 0.6% from 1.0%.

December ADP Payroll Report is due out at 8:15 a.m. EST. It was expected to drop to 200,000 but actually LOST 123,000 jobs . HUGE OUTLIER.

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

Geopolitical & Related:

President Trump addresses a rally on the Ellipse 11 a.m. EST

The House and Senate convene to validate the Electoral College results. 11 Senators have indicated that they will challenge the results. 11 a.m. EST.

The Federal Reserve Open Market Committee (FOMC) releases minutes from its mid-December meeting at 2:00 p.m. EST.

Investor Meetings & Conferences of Note:

 (Investor event)   (Conference Call) COST (Monthly Sales Call) CYDY (Update Timeline 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) Goldman Sachs Global Energy Conference (1/6-1/7) Jefferies China Access Days (1/6-1/7) Morgan Stanley New China Summit (1/6-1/8) Credit Suisse Greater China Technology & Internet Conference (1/6-1/8) Goldman Sachs Asia Financials Conference (1/6)

Industry Conferences: Consumer Electronics Show (1/6-1/9)

M&A Activity:

Hologic (HOLX) to buy Biotheranostics for $230 million.

Glatfelter & Co (GLT) to buy Georgia Pacific’s  nonwovens business for $175 million.

Walgreens Boots Alliance (WBA) to sell Alliance Healthcare business to Amerisource Bergen (ABC) for $6.5 billion in cash.

Upgrades & Downgrades of Note This Morning:

 

Tuesday:

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.