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

Morning Note

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Morning Note

"CAPIS Morning Note – 1/14/21: Federal Reserve Chairman Powell To Speak At 12:30 P.M. EST,"

posted by CAPIS on 01/14/2021 at 7:57 am

by CAPIS

01/14/2021 at 7:57 am

Covid-19 Statistics: 

Total Cases 22,757,516 from 22,538,426

Deaths 375,471 from 371,449

New Tests 1,793,568 from 1,871,244

New Cases 219,090 from 213,885 with positivity rate of 12.2% (up 0.8)

Daily Deaths 4,022

Current Hospitalizations 130,383 from 131,326

Capital Raises:

IPOs Priced:   Petco Health And Wellness (WOOF) priced at $18 above expected range of $14 to $17. Aldeyra Therapeutics (ALDX) priced at $9.50.

Secondaries Priced: VNT PRVB LMND NNDM  of note.

Notes Priced of note:  None of note.

Common Stock filings: ALDX GOEV  of note.

Selling Shareholders of note: GOEV  of note.

Mixed Shelf Offerings: ASM  of note.

Convertible Offering Files:  ALRM of note.

Earnings Out After The Close Of Note:

Beats: none

Flat:  none

Misses: none

News After The Close:

Nordstrom (JWN) saw net sales decline around the 9 weeks of the holiday season by -22%.

TimkenSteel (TMST) to raise on all special bar quality products by $40 per ton.

House votes to impeach President Trump a second time. 10 Republicans voted to impeach, 232-197.

Federal Reserve Vice Chairman Clarida says Federal Reserve  will not raise rates until inflation hits 2%.

Johnson & Johnson (JNJ) vaccine for COvid-19 saw immune response last at least 71 days,

Dividend Increases: 

Split Announcement: 

Raises Guidance: ETH APYX ORGO

Lowers Guidance: FRPT (supply constraints)

Stock Buyback New Or Increase: 

Insider Buys:

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

S&P 500 +6   Dow Jones Industrial Average +110   NASDAQ +17    Russell 2000 +13. Fair values are lower. Asia higher ex Shanghai and Europe higher. VIX is at 24.90 from 23.66 this morning in futures. VIX closed at 22.21 from 24.08 and the three month futures at 25.55 from 26.70.

Gold  and silver lower  with copper higher. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $136.63 from $136.48 with the yield at 1.10% from 1.12%.

Positive Sectors On Wednesday:  Utilities, Consumer Cyclicals and Real Estate of note.

Negative Sectors On Wednesday: Materials, Industrials and Energy. 

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: PRGS of note.

Friday Before the Open: JPM, WFC, C, PNC of note.

Earnings This Morning Of Note:

Beats: BLK +1.92, TSM +1.01, FRC +0.09

Flat: none

Misses: APHA (0.39), DAL (0.08)

Still to Report: none

Erlanger Research Advance/Decline Chart –  Updated 1/13 Close.

Gap Ups & Down In Early Pre-Market:

Gap Up:

ORGO +35%, PFSW +28%, APYX +22%, NK +21%, ETH +9%, PGEN +5%, AVAV +5%, AMAT +4%

Gap Down:

NNDM -14%, JWN -5%

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

Today’s Analyst Calls of note – DIS CVX PENN SHOP. (CNBC)

5 Things To Know Before The Open – (CNBC)

Stocks Making The Biggest Moves – GME TSLA JWN  (CNBC)

Covid Update – Chinese vaccine 50% effective. (CNBC)

President-Elect Biden will speak at 7:15 p.m. and announce his $2 trillion stimulus plan. (CNN)

President Trump finally comes out and condemns the violence at the Capitol. (CNBC)

FBI on high alert for violence next week with the inauguration of President-Elect Biden. (NYT)

Snapchat (SNAP) bans President Trump permanently. (Axios)

U.S. wants Tesla (TSLA) to recall 158,000 vehicles. (Reuters)

President Trump signs Executive Orders strengthening order banning investments in companies with connections to the Chinese military. Alibaba (BABA) not on the list. (Reuters)

Chinese President Xi want Starbucks (SBUX) to help improve relations with the U.S. and China.

CNOOC Ltd (CEO) removed from Dow Jones Indices due to U.S. sanctions against China.

Blackrock (BLK) CEO Larry Fink sees a strong year for 2021 but not as strong as 2020. (CNBC)

Stock Index Trading:

Current through 1/13 close. Overall confidence remains at 100%.

Bold means a change from prior day.

Geopolitical:

Federal Reserve  Chairman Jerome Powell speaks at 12:30 p.m. EST. Big question is does Powell remain with the taper which seems an obvious yes.

President Trump will work from early in the morning until late in the evening. He will make many calls and have many meetings. (Actual Schedule)

Economic:

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

December Import and Export Prices 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.

Investor Meetings & Conferences of Note:

MNST (Investor Event)  SPI KAYSD (Update) HCKT FFIV JAGX BIIB (Webinar)

Sellside: Needham Annual Growth Conference (1/11-1/15) JP Morgan Healthcare Conference (1/11-1/14) Sidoti Winter Investor Conference (1/13-1/14)  Citi European Utilities Conference (1/13-1/15) Citit Greater China Healthcare Days (1/14-1/15) Jefferies Software Conference (1/14) Evercore ISI Consumer & Retail Conference (1/14-1/15)

Industry Conferences: CES (1/11-1/14) Metals Investor Forum 2021 (1/14-1/15)

M&A Activity:

AeroVironment (AVAV) to buy Arcturus UAV for $405 million.

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.