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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 – 2/3/21: Several Federal Reserve Speakers This Afternoon"

posted by CAPIS on 02/02/2021 at 8:41 pm

by CAPIS

02/02/2021 at 8:41 pm

Covid-19 Statistics: 

Total Cases 26,052,734 from 25,937,115

Deaths 437,237 from 433,751

New Tests 1,375,084 from 1,610,238

New Cases 115,619 from 119,747 with positivity rate of 8.4% (up 1.0)

Daily Deaths 3,486

Current Hospitalizations 92,880 from 93,536

Capital Raises: We will be back with this section tomorrow.

Earnings Out After The Close Of Note:

Beats: AMZN +6.94, GOOG +6.32, PKI +0.95, AMGN +0.47, CB +0.36, SANM +0.21, STE +0.20, ICHR +0.19, ATO +0.18, POWI +0.16, MANH +0.13, SCSC +0.12, ATGE +0.10, FBHS +0.08, TENB +0.07, APAM +0.05, BRKS +0.05, VIAV +0.04, GL +0.03, MRCY +0.03, DOX +0.02, IPHI +0.02, FEYE +0.02, EPAY +0.02, ALGM +0.01

Flat:  BDN +0.00

Misses: CMG (0.25), EA (0.06), AMCR (0.04), MTCH (0.01)

 News After The Close:

Amazon (AMZN) CEO Jeff Bezos will move to Executive Chairman in Q3.
NASDAQ (NDAQ) saw equity options volume rise over last January and last month.
Erlanger Valuelines: Volatility is on the rise. Updated 2/2.

Hourly Action – Updated 2/2 close. 

What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. Quick comment -Futures are very strong this morning reversing a portion of Friday’s losses.

S&P 500 +15  Dow Jones Industrial Average +9   NASDAQ +92   Russell 2000 -3.40. Fair values are lower. Asia and Europe mixed.

Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is lower. $ is lower vs Euro, higher vs Pound and lower vs Yen. US 10 year Treasury price is at $136.80 from $136.89 with the yield at 1.12% from 1.13%.

Positive Sectors On Tuesday: Financials, Industrials and Technology.

Negative Sectors On Tuesday:  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: PYPL, QCOM, KLAC, MET, CTSH, ALGN, EBAY, ALL, AFL, CTVA, YUMC, AVB, QRVO, AVTR, IAC, MAA, IEX, LNC, UHAL of note.

Thursday Before the Open: MRK, BMY, PM, CI, BDX, ABB, ICE, APD, BAX, BCE, CMI, PH, ALXN, YUM, TDG, HSY of note.

Earnings This Morning Of Note:

Beats: EVR +3.55, LAD +2.52, SMG +1.07, SC +0.67, LFUS +0.65, LGND +0.63, CPRI +0.62, INGR +0.29, CHKP +0.25, APO +0.22, MTOR +0.18, AVY +0.16, TGI +0.15, APTV +0.12, SLAB +0.11, WNC +0.08, PFGC +0.08, ABBV +0.07, BIP +0.05, DT +0.04, HWM +0.04, HUM +0.02

Flat: GSK +0.00

Misses: EPD (0.36), MSGS (0.35), BIIB (0.18), SPOT (0.14), BSX (0.08)

Still to Report: CNHI, GWW, MIME, SNDR, VNE

Erlanger Research Advance/Decline Chart –  Updated 2/2 Close. 

Gap Ups & Down In Early Pre-Market:

Gap up:

CLIR +15.9%, ISBC +12%, ATGE +10%, SNE +7.9%, SNE +7.9%, AMCR +7.5%, GOOG +7.4%, ARGX +5.7%, CVAC +5.6%, VIAV +5.5%, LU +5.3%, TGI +5%, VOD +4.4%, NVO +4.2%, INGR +4.1%

Gap down:

VYGR -11.1%, SMCI -9%, TMDI -7.2%, MTCH -6.7%, X -6.5%, ALGM -6.3%, SPOT -6.1%, TENB -5.8%, KRYS -4%, EA -4%, OPEN -3.8%

Stock Index Trading:

Current through 2/2 close. Overall confidence moves from 60% to 89%.

Bold means a change from prior day.

Geopolitical:

Press Briefing by White House COVID-19 Response Team and public health officials, 11:00 a.m. EST

Press Briefing by Press Secretary Jen Psaki, 1:30 p.m. EST

The President and The Vice President receive the President’s Daily Brief, Oval Office, 5:30 p.m. EST

Federal Reserve St. Louis President James Bullard will speak at 1:00 p.m. EST.

Federal Reserve Philadelphia President Patrick Harker will speak at 2:00 p.m. EST.

Federal Reserve Chicago President Charles Evans will speak at 5:00 p.m. EST.

Economic:

Weekly API Petroleum Data saw a draw of both crude oil by and gasoline.

Weekly MBA Mortgage Applications were out at 7:00 a.m. EST and

ADP Employment Report is due out at 8:15 a.m. EST and is expected to improve to 55,000 from -123,000. Came in at 175,000, a strong beat.

January ISM Non-Manufacturing Index is due out at 10:00 a.m. EST and is expected to fall to 57% from 57.2%.

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

Investor, Sellside and Industry Meetings

 STIC (Webinar) BDSX (Investor Call)  COST FMS VOD (Update) KBR (Fireside Chat) LACQ SHEN (Conference Call)

Sellside: Canaccord Genuity New Paradigms and Treatment Approaches in Mental Health Conference (2/3-2/4) Janney West Coast CEO Forum (2/3-2/4) BMO Infrastructure & Utilties Conference (2/3-2/4)

Industry Conferences: Annual LSX World Congress (2/1-2/5) Semicon Korea (2/2-2/5)

M&A Activity:

Upgrades & Downgrades of Note This Morning: Not update this morning will be in tomorrow.

Tuesday Recommendations

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.