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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 – 1/12/21: Futures Up Slightly After Yesterday’s Weakness"

posted by CAPIS on 01/12/2021 at 7:41 am

by CAPIS

01/12/2021 at 7:41 am

Lead Story: Banks tell President Trump we do not want your money or your organizations.

Covid-19 Statistics: 

Total Cases 22,324,541 from 22,124,929

Deaths 367,393 from 365,597

New Tests 1,897,059 from 1,935,115

New Cases 193,857 from 222,918 with positivity rate of 10.2% (down 1.3)

Daily Deaths 1,739

Current Hospitalizations 129,748 from 129,229

Capital Raises:

IPOs Priced:  

Secondaries Priced:  THTX MNOV PSTL O  of note.

Notes Priced of note: BOX of note.

Common Stock filings: O LMND PANL ZM of note.

Selling Shareholders of note: LMND of note.

Mixed Shelf Offerings:  RADA PANL ZM of note.

Convertible Offering Files: NIO DOCU of note.

Earnings Out After The Close Of Note:

Beats: SNX +1.51

Flat:  none

Misses: none

News After The Close:

Pixelworks (PXLW) signs multi-year collaboration agreement with TCL. Note this stock is heavily shorted and in the Erlanger Consumer/Tech Portfolio.

Walmart (WMT) announces new fintech startup with Ribbit Capital.

Intel (INTC) announces four new chip families at CES.

Facebook (FB) announces removal of content with  #stopthesteal.

Acacia Communications (ACIA) files counterclaim against Cisco (CSCO).

Homeland Security Head Chad Wolf steps down with 8 days to go in his service.

Ford (F) stops manufacturing in Brazil.

Dividend Increases: STAG BRMK

Split Announcement: 

Raises Guidance: EAR ACIA PSNL KIDS GNMK AMN MATX BRKR LE  OFIX

Lowers Guidance: 

Stock Buyback New Or Increase: 

Insider Buys: DMTK ALDX

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

S&P 500 +4   Dow Jones Industrial Average +42   NASDAQ +10    Russell 2000 +12 . Fair values are mixed. Asia higher and Europe lower. VIX is at 23.66 from 23.70 this morning in futures. VIX closed at 24.08 from 22.37 and the three month futures at 26.70 from 25.02.

Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is higher vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $136.11 from $136.64 with the yield at 1.13% from 1.107%.

Positive Sectors On Monday:  Consumer Cyclical, Real Estate and Communication Services of note.

Negative Sectors On Monday: Materials, Energy and Industrials 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: KBH of note.

Wednesday Before the Open: INFO, SJR of note.

Earnings This Morning Of Note:

Erlanger Research Advance/Decline Chart –  Updated 1/11 Close.

Gap Ups & Down In Early Pre-Market:

Gap Up:

VOXX +63%, TTOO +35%, AMRX +14%, FTFT +13%, RCUS +12%, CMD +10%, BGNE +9%, MATX +7%, LMNX +6%, HEC +5%, RADA +4%, EYPT +4%, QTRX +4%, XPEV +4%, VIR +4%

Gap Down:

RDHL -8%, THTX -7%, PSTL -6%, LMND -6%, O -5%, ZM -5%, BSX -4%, MRUS -4%, GDOT -4%

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

Stocks Making The Biggest Moves – ZM LMND    (CNBC)

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

5 Things To Know Before The Open – (CNBC)

Covid Update – More Chinese cities enter lockdown. (CNBC)

The House is pressuring Vice President Pence to move on 25th Amendment or they will move on impeachment tomorrow. (CNBC)

Both Signature Bank (SBNY) and Deutsche Bank (DB) to end banking relationships with President Trump and related accounts. (NYT)

Sheldon Adelson died at the age of 87 this morning. (CNBC)

10 Year Yield hits 10 month high at 1.13%. (CNBC)

Stock Index Trading:

Current through 1/8 close. Overall confidence remains at 100%.

Bold means a change from prior day.

Geopolitical:

Federal Reserve Governor Lael Brainard speaks at 9:35 a.m. EST.

Federal Reserve Cleveland President Loretta Mester speaks at 12:00 p.m. EST.

President Trump Arrives in South Texas to Visit the U.S.-Mexico Border (1:00 PM Local)

$38 billion of 10 Year Treasury Notes auctioned at 1:00 p.m. EST.

Economic:

NFIB Small Buisness Optimism Index was out at 6:00 a.m. EST and came in at  against last month at 101.40.

November JOLTS – Job Openings are due out at 10:00 a.m. EST and came in last month at 6.652 million.

The latest NYSE and NASDAQ short interest data is due out after the close for the period ending settlement date of December 31st. For the latest period, the S&P 500 is up by 1.74% from December 11th through December 29th on a trade basis.

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

Investor Meetings & Conferences of Note:

UIS GSKY INTC (Investor Event) STE CMD (Conference Call)

Sellside: Capital One Securities REIT Conference (1/11-11/12) Needham Annual Growth Conference (1/11-1/15) JP Morgan Healthcare Conference (1/11-1/14) Barclays European Real Estate Conference (1/12) UBS Winter Infrastructure & Energy Conference (1/12-1/13) Goldman Sachs Technology & Internet Conference (1/12)

Industry Conferences: CES (1/11-1/14) NRF 2021: Retail’s Big Show (1/12)

M&A Activity:

IBM buys 7Summits, no terms.

STERIS (STE) to buy Cantel Medical (CMD) for $84.66  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.