09.23.2022 11 new Morning Note posts under Morning Note (10) and CAPIS Insights (1)

Morning Note


Morning Note

"CAPIS Morning Note – 1/15/21: Stocks Sink Post Biden’s $1.9 Billion Plan Which Includes Raising Minimum Wage to $15"

posted by CAPIS on 01/15/2021 at 7:48 am


01/15/2021 at 7:48 am

Covid-19 Statistics: 

Total Cases 22,982,927 from 22,757,516

Deaths 379,451 from 375,471

New Tests 2,010,144 from 1,793,568

New Cases 222,944 from 219,090 with positivity rate of 11.1% (down 1.1)

Daily Deaths 3,915

Current Hospitalizations 128,947 from 130,383

Capital Raises:

IPOs Priced: Yesterday we missed the pricing of Poshmark (ALDX) that doubled post the pricing.

Secondaries Priced:  AMWL EAF ITP of note.

Notes Priced of note:  AAT CRC SBAC of note.

Common Stock filings: ARKO SLNO EVGN VJET VTVT of note.

Selling Shareholders of note: ARKO of note.

Mixed Shelf Offerings: None of note.

Convertible Offering Files:  None of note.

Earnings Out After The Close Of Note:

Beats: PRGS +0.13, WAFD +0.09

Flat:  none

Misses: none

News After The Close:

Oceaneering Intl (OII) wins contract in excess of $225 million for Subsea Robotics during Q4.

President-Elect Biden spoke last night about his $1.9 trillion stimulus plan. (CNBC)

Dividend Increases: ADC KALU

Split Announcement: 

Raises Guidance: PRCH EAF SAP

Lowers Guidance: PRGS

Stock Buyback New Or Increase: LEN

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 -10   Dow Jones Industrial Average -113   NASDAQ +12    Russell 2000 -20. Fair values are lower. Asia lower ex Shanghai and Europe lower. 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, silver and copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, higher vs Pound and lower vs Yen. US 10 year Treasury price is at $136.81 from $136.63 with the yield at 1.10% no change.

Positive Sectors On Thursday:  Energy, Materials and Healthcare of note.

Negative Sectors On Thursday: Communication Services, Utilities and Consumer Defensive.

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: none of note.

Tuesday Before the Open: BAC, GS, STT, HAL, CMA, SBNY, ONB, HTLD of note.

Earnings This Morning Of Note:

Beats: JPM +1.14, C +0.77, PNC +0.68, WFC +0.01

Flat: none

Misses: none

Erlanger Research Advance/Decline Chart –  Updated 1/14 Close.

Gap Ups & Down In Early Pre-Market:

Gap Up:

AT +47%, DBVT +33%, BB +23%, TUFN +18%, ACCD +12%, OII +11%, NBTX +9%, CLPT +8%, PRCH +8%, KDMN +7%,

Gap Down:

EAF -9%, FLNT -5%, LCI -3%

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

Today’s Analyst Calls of note – AAPL SPOT ZM. (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)

Senate to hold impeachment trial while working on Biden Agenda. (NYT)

U.S. adds Xiaomi to blacklist. (WSJ)

China Commerce Secretary tells U.S. to correct its mistakes on imposing sanctions.

Goldman Sachs (GS) looking to buy assets in consumer banking. (Reuters)

SEC to investigate Exxon (XOM) asset valuations in Permian Basin and XTO Energy acquisition.

Italy to tighten Covid-19 restrictions.

Stock Index Trading:

Current through 1/14 close. Overall confidence moves to 87% from 100%.

Bold means a change from prior day.



December PPI is due out at 8:30 a.m. EST and is expected to rise to 0.4% from 0.1%.

December Retail Sales is also due out at 8:30 a.m. EST and is expected to improve to -0.2% from -1.1%. Fell -0.7% and November revised lower.

January Empire State Manufacturing is due out at 8:30 a.m. EST and is expected to rise to 6.0 from 4.9.

December Industrial Production is due out at 9:15 a.m. EST and is expected to rise to 73.5% from 73.3%.

University of Michigan Consumer Sentiment is due out at 10:00 a.m. EST and is expected to drop to 80 from 80.7.

Baker Hughes Rig Count at 1:00 p.m. EST.

Investor Meetings & Conferences of Note:

AT (Investor Event)  DTE (Update)  HCKT (Webinar)

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

Industry Conferences: Metals Investor Forum 2021 (1/14-1/15) ASCO Gastrointestinal Conference (1/15-1/17)

M&A Activity:

Accolade (ACCD) buys 2nd.MD for $460 million.

Upgrades & Downgrades of Note This Morning: Note that downgrades are increasing first two weeks of the year.

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