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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 – 1/7/21: The Day After…Futures Higher"

posted by CAPIS on 01/06/2021 at 8:21 pm

by CAPIS

01/06/2021 at 8:21 pm

Lead Story: Congress certified President-Elect Joe Biden despite protest from 7 Senators and 138 House members. (NYT)

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 21,070,136 from 20,825,758

Deaths 352,123 from 348,286

New Tests 1,605,799 from 1,620,506

New Cases 243,346 from 214,378 with positivity rate of 15.1% (up 1.9)

Daily Deaths 3,793

Current Hospitalizations 132,476 from 131,195

Capital Raises:

IPOs Priced:  Omega Alpha SPAC (OMEG) was priced at $12.

Secondaries Priced: DMTK GBIO HARP MPW PLYA of note.

Notes Priced of note: CEQP of note.

Common Stock filings: DMTK MPW ADC RGNX PLYA HARP BLNK of note.

Selling Shareholders of note: None of note.

Mixed Shelf Offerings: AR BLNK of note.

Convertible Offering Files:  INN of note.

Senior Notes Filed: None of note.

Earnings Out After The Close:

Beats: RGP +0.04

Flat:  none

Misses: none

News After The Close:

CNN reports that Vice President Mike Pence is ‘furious” and wants more from the president. (CNN)

NBC News declares Democrat Jon Ossoff to be the winner of the Georgia Senate race against Senator David Perdue.

Costco (COST) sees December same store sales up 10.9%.

T-Mobile (TMUS) gains 1.7 million new customers.

Tyson Foods (TSN) resumes slaughtering hogs at Iowa meat plant. (Reuters)

Both Twitter (TWTR) and Google (GOOGL) remove the president’s video on Wednesday’s violence at the Capitol.

Dividend Increases: 

Split Announcement: 

Raises Guidance: 

Lowers Guidance: 

Stock Buyback New Or Increase: ARCE

Insider Buys: FL APRN PRTY HOME WRLD

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

S&P 500 +20   Dow Jones Industrial Average +95   NASDAQ +97    Russell 2000 +16 . Fair values are mixed. Asia higher ex Hang Seng and Europe higher. VIX is at 23.82 from 26.90  this morning in futures. VIX closed at 23.34 from 25.34 and the three month futures at 28.79 from 27.25.

Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is lower. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $137.05  from $138 with the yield at 1.03% from 1.00%.

Positive Sectors On Wednesday:  Materials, Financials and Energy of note.

Negative Sectors On Wednesday: Technology, Communication Services and Consumer Cyclical 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: MU, DCT, WDFC, PSMT, ACCD of note.

Friday Before the Open: none of note.

Earnings This Morning Of Note:

Beats: HELE +0.74, WBA +0.18, ANGO +0.03, CAG +0.03

Flat: REVG

Misses: BBBY (0.12), LNN (0.10)

Still to Report: AYI, STZ, LW

Erlanger Research Advance/Decline Chart –  Updated 1/6 Close.

Gap Ups & Down In Early Pre-Market:

Gap Up:

PLUG +21%, CVAC +16%, EDUC +10%, VKTX +10%, PRSP +7%, HIMX +7%, KZIA +6%, AMRN +5%

Gap Down:

DBVT -12%, BBBY -11%, DMTK -9%, PLYA -9%, HARP -7%, RGP -6%, INN -6%, SAR -4%, MPW -4%, LNDC -4%

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

Stocks Making The Biggest Moves –    (CNBC)

Today’s Analyst Calls of note –. (CNBC)

The 25th Amendment may be invoked against President Trump despite two weeks remaining in his term. (CNN)

Several White House officials including cabinet member may resign. This morning Nick Mulvaney the Ambassador to Ireland resigned this morning. (CNN)

Moderna (MRNA) may produce 1 billion vials of vaccine. (Reuters)

Stock Index Trading:

Current through 1/6 close. Overall confidence moves to 100% from 83%.

Bold means a change from prior day.

Economic:

Weekly Jobless Claims are due out at 8:30 a.m. EST.

December ISM Non-Manufacturing Index is due out at 10:00 a.m. EST and is expected to fall to 55.9%.

Weekly Natural Gas Inventories are due out at 10:30 a.m. EST.

Geopolitical & Related:

Federal Reserve Philadelphia President Harker will speak at :00 p.m. EST.

Federal Reserve St. Louis President Ballard will speak at 12:00 p.m. EST.

Federal Reserve Chicago President Evans will speak at 1:00 p.m. EST.

Investor Meetings & Conferences of Note:

XCUR (R&D Call) 

Sellside Conferences: Citi Global TMT West Conference (1/4-1/7) 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) Jefferies Technology REIT Summit (1/7)

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

M&A Activity:

 Perkin Elmer (PK) to buy Oxford Immunotec (OXFD) for $22 a share.

Upgrades & Downgrades of Note This Morning:

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.