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03.03.2021 12 new Morning Note posts under Morning Note (10) and General (2)

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"CAPIS Morning Note – 1/27/21: Stocks Lower This Morning As Volatility Spikes"

posted by CAPIS on 01/27/2021 at 8:17 am

by CAPIS

01/27/2021 at 8:17 am

Covid-19 Statistics: 

Total Cases 25,078,884 from 24,935,139

Deaths 415,557 from 411,823

New Tests 1,694,608 from 1,696,188

New Cases 143,745 from 133,067 with positivity rate of 8.4% (up 0.6)

Daily Deaths 3,734

Current Hospitalizations 108,957 from 109,936

Capital Raises:

IPOs Priced or News: 

Secondaries Priced:  None of note.

Notes Priced of note:  None of note.

Common Stock filings: CBIO PLUG PSNL CALT DUCK of note.

Selling Shareholders of note:  DUCK of note.

Mixed Shelf Offerings:  CCL TLSA of note.

Convertible Offering Files: VAC  of note.

Summary From The Trade Exchange bringing traders and investors real time news and Squawk Box.

Earnings Out After The Close Of Note:

Beats: COF +2.52, UMBF +1.77, WRB +0.88, RNR +0.78, MSFT +0.62, TXN +0.31, TRMK +0.24, AMD +0.22, FMBI +0.17, WSBC +0.15, FFIV +0.13, CHRW +0.11, VAR +0.11, MXIM +0.10, EHC +0.08, SLGN +0.07, SBUX +0.06, NAVI +0.05, FCF +0.04, LRN +0.03, AGYS +0.02, MRTN +0.02, CNI +0.01, CLS +0.01

Flat:  none

Misses: BXP (0.22), HA (0.22), HOPE (0.03), RNST (0.03)

News After The Close:

Las Vegas Sands (LVS) names Robert Goldstein as CEO, Patrick Dumont as COO and Randy Hyzak as CFO.

Biden Administration to buy enough vaccine, 200 million more, that the whole country is vaccinated by the end of the summer.

Walgreens Boots Alliance (WBA) names Starbucks COO Roz Brewer as CEO.

Senator Patrick Leahy (D- VT) taken to the hospital after not feeling well.

Allstate (AAL) to sell Allstate Life Insurance to Blackstone (BX) for $2.8 billion.

Dividend Increases: MDC SFNC WAFD

Split Announcement: 

Raises Guidance: TXN MSFT AMD 

Lowers Guidance: SBUX EHC BXP 

Stock Buyback New Or Increase: PB SYF 

Insider Buys:

Erlanger Valuelines: There is still some volatility in the market day to day.

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

S&P 500 -44  Dow Jones Industrial Average -346   NASDAQ -101   Russell 2000 -35. Fair values are lower. Asia mixed and Europe lower. VIX is at 26.85 from 25.44 this morning in futures. VIX closed at 23.02 from 23.19  and the three month futures at 26.89 from 26.88.

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 higher vs Yen. US 10 year Treasury price is at $137.48 from $137.31 with the yield at 1,014% from 1.047%.

Positive Sectors On Tuesday: Energy, Utilities and Healthcare.

Negative Sectors On Tuesday:  Energy, Financials, Industrials and Materials 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: Energy, Materials, Healthcare and Financials of note.

Upcoming Earnings Of: (sorted by market cap, highest to lowest with most visible names)

Today After the Close: AAPL, TSLA, FB, NOW, SYK, LRCX, CCI, ILMN, EW, CP, LVS, AMP, TER of note.

Thursday Before the Open: MA, CMCSA, DHR, MCD, MO, SHW, MMC, NOC, DOW, STM, TROW, XEL, MSCI, SWK, LUV of note.

Earnings This Morning Of Note:

Beats: UMC +0.51, MKTX +0.43, OSK +0.40, GWB +0.35, TDY +0.31, SBSI +0.24, ADP +0.23, TEL +0.18, BX +0.16, NDAQ +0.15, TXT +0.14, PB +0.13, CVLT +0.10, ABT +0.10, GIB +0.09, HES +0.08, RES +0.05, GLW +0.04, EAT +0.04, VFC +0.03, T +0.02, ROL +0.02, ANTM +0.01, NYCB +0.01

Flat: none

Misses: BA (13.62), MNRO (0.15), GD (0.05)

Still to Report: APH, EXTR, KNX, NSC, PGR

Erlanger Research Advance/Decline Chart –  Updated 1/26 Close. 

Gap Ups & Down In Early Pre-Market:

Gap up:

AMC +85%, GME +83%, SRNE +9%, TRMK +9%, WBA +7%, CTMX +5%, COF +5%, FMBI +4%, SLGN +4%

Gap down:

TTOO -12%, TRXC -9%, SCPS -9%, PLUG -8%, FFIV -8%, HOPE -7%, DZSI -6%, DZSI -6%, PSNL -6%, CBIO -5%, CNI -4%

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

5 Things To Know Before The Open – (CNBC)

Stocks Making The Biggest Moves – BA SBUX T VFC  (CNBC)

Biggest Analyst Calls of The Day – GME WEN BBBY (CNBC)

Covid Update –  No herd immunity worldwide until mid 2022. (CNBC)

Short Squeeze continues in Gamestop (GME). (CNBC)

Melvin Capital closes short position in GME. (CNBC)

AMC Entertainment (AMC) up on perceived  short squeeze. (CNBC)

Southwest (LUV) to offer another round of voluntary leave. (Bloomberg)

AstraZeneca (AZN) blames EU on vaccine delays. (Bloomberg)

Walmart (WMT) using robots to help on orders. (Reuters)

President Biden to sign Executive Order to stop new leases for drilling on federal lands. (WSJ)

Massachusetts Securities Regulator William Galvin believes the action in Gamestop (GME) is fundamentally flawed. (Barron’s)

Stock Index Trading:

Current through 1/26 close. Overall confidence moves from 93% to 83%.

Bold means a change from prior day.

Geopolitical:

The Federal Reserve Open Market Committee (FOMC) concludes a two day meeting.

The President and The Vice President receive the President’s Daily Brief, Oval Office, 9:30 a.m. EST.

Press Briefing by Press Secretary Jen Psaki, Special Presidential Envoy for Climate John Kerry, and National Climate Advisor Gina McCarthy, James S. Brady Press Briefing Room, 12:15 p.m. EST.

The President delivers remarks and signs executive actions on tackling climate change, creating jobs, and restoring scientific integrity; The Vice President also attends in the State Dining Room, 1:30 p.m. EST.

Economic:

Weekly MBA Mortgage Applications were out at 7:00 a.m. EST and fell -4.1% after dropping last week -1.9%.

December Durable Goods is due out at 8:30 a.m. EST and is expected to remain at 0.9%.

The FOMC concludes its two day meeting with a rate announcement at 2:00 p.m. EST followed by a press at 2:30 p.m. EST.

The latest NYSE and NASDAQ Short Interest is due out after the close through settlement of January 15th. During the collection period, the S&P 500 rose by 2.20% while the Russell 200 rose by a whopping 7.79%.

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

$62 Billion of 7 Year Notes auctioned at 1:00 p.m. EST.

Investor Meetings & Conferences of Note:

KMI (Analyst Meeting) ZYME MEEC (Update) AQMS (Webcast) ALL (Conference Call) 

Sellside: TD Mining Conference (1/27-1/28)

Industry Conferences: World Conference on Lung Cancer (1/27-1/31)

M&A Activity:

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

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.