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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 – 2/4/21: Stocks Higher For a Fourth Day In A Row"

posted by CAPIS on 02/04/2021 at 7:44 am

by CAPIS

02/04/2021 at 7:44 am

Interesting Fact: The S&P 500 has stalled out after any four day rallies since 8/28 that concluded a six day rally. If up today, then this will be the fourth up day in a row.

Covid-19 Statistics: 

Total Cases 26,331,722 from 26,052,734

Deaths 440,922 from 437,237

New Tests 1,442,998 from 1,375,084

New Cases 116,960 from 115,619 with positivity rate of 8.1% (down 0.3)

Daily Deaths 3,685

Current Hospitalizations 91,440 from 92,880

Capital Raises:

IPOs Priced or News: Landos Biopharma (LABP) priced at $16 which is mid range of expected pricing of $15 to $16. Sensei Biotherapeutics (SNSE) priced at $19 above range of $16 to $18. Sana Biotechnology priced at $25 above expected range of $23 to $24.

Secondaries Priced: ATC ALB KLDO  CURI RVMD of note.

Notes Priced of note:   None of note.

Common Stock filings:   RYTM HYRE AWH ISR IEA AQB DRRX KLDO QMCO QTRX VCYT  of note.

Selling Shareholders of note: ORMP BTRS of note.

Mixed Shelf Offerings: IMMR OEG  VCYT PKOH PHUN  of note.

Convertible Offering Files:  PEB MMYT 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: IAC +5.93, UHAL +2.25, ALL +2.04, QRVO +1.37, ALGT +1.22, SU +1.01, AFG +1.01, THG +0.65, MET +0.52, ALGN +0.47, PLUS +0.46, ASH +0.37, HI +0.29, CCMP +0.19, MAA +0.19, EZPW +0.18, NTGR +0.15, SIMO +0.15, TBI +0.15, QNST +0.15, ECHO +0.12, CSGS +0.12, TTMI +0.12, KLIC +0.11, DGII +0.10, CTVA +0.09, YUMC +0.09, PYPL +0.08, UGI +0.08, QCOM +0.07, IEX +0.06, CSII +0.06, FORM +0.06, SITM +0.06, RGLD +0.05, INOV +0.05, VVV +0.05, MXL +0.04, MDU +0.04, ADTN +0.04, KLAC +0.03, AFL +0.03, CHNG +0.03, EBAY +0.03, APPS +0.03, RYN +0.03, AVTR +0.03, ENSG +0.02, MWA +0.02, TSE +0.01

Flat:  LCI +0.00

Misses: GRUB (0.45), CTSH (0.23), LNC (0.13), AVB (0.07), ANGI (0.05), ELF (0.02), MUSA (0.01)

 News After The Close:

Charter Communication (CHTR) COO John Bickham to retire at the end of year.

Costco (COST) sees January sales up +15.9%  versus December’s +10.7%.

Paypal (PYPL) to let people use crypto balance as a funding source.
American Airlines (AAL) will begin to send furlough notices to 13,000 employees on Friday.
Northrop Grumman (NOC) wins $330 million Navy contract.
CBOE Global Markets (CBOE) sees January trading volume up with Options up 48% , stocks up 85% and Global FX up 5%.
Apple (AAPL) working on a deal with Hyundai -Kia to make the Apple Car.
House votes to set up a party line approval of $1.9 trillion stimulus bill. (The Washington Post)
House GOP Leadership Chairman Liz Cheney (R-WY) keeps position after vote.
Dividend Increases: EBAY KMPR  ALE CLX DGX ICE 

Split Announcement:

Raises Guidance: QRVO  EBAY MXL  ELF 

Lowers Guidance: CSII AFG 

Stock Buyback New Or Increase: CB

Insider Buys: PDLI APEN (source The Trade Exchange)

Erlanger Valuelines: Volatility is on the rise as noted by the blue highlighting. Updated 2/3.

Hourly Action – Updated 2/3 close. Indexes struggled 2:00 onward last week.

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  strong this morning making it the fourth up day in a row.

S&P 500 +10  Dow Jones Industrial Average +73   NASDAQ +62   Russell 2000 +6. Fair values are lower. Asia lower and Europe mixed. VIX is at 25.18 this morning in futures. VIX closed at  and the three month futures at .

Gold, silver and copper lower. 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 $136.70 from $136.89 with the yield at 1.14% from 1.13%.

Positive Sectors On Wednesday: Energy and Communication Services .

Negative Sectors On Wednesday:  Real Estate and Healthcare 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: TMUS, GILD, SNAP, ATVI, PTON, PINS, F, U, MCHP, PRU, MSI, MTD, FTNT, FTV, FLT, HIG of note.

Friday Before the Open: SNY, EL, ITW, REGN, AON, TT, ZBH, UI, CAH, CBOE of note.

 Earnings This Morning Of Note:

Beats: BDX +1.39, WD +1.12, MDP +1.07, CG +1.00, SNA +0.89, PH +0.86, CMI +0.60, AGCO +0.42, VSTO +0.37, JHG +0.29, CLX +0.28, ABC +0.24, DGX +0.24, GOOS +0.21, LEA +0.21, VSAT +0.20, TPR +0.15, MSGN +0.14, YUM +0.14, MMS +0.12, WMS +0.11, LSPD +0.10, SR +0.10, BEP +0.09, ABB +0.07, HSY +0.06, PTEN +0.05, BCE +0.05, AME +0.05, LANC +0.05, ICE +0.05, NYT +0.04, BAX +0.04, PBH +0.04, BMY +0.04, ODFL +0.04, NS +0.04, BV +0.04, SBH +0.03, WEC +0.03, BLL +0.03, COR +0.03

Flat: HIMX +0.00, TW +0.00, NJR +0.00

Misses: CI (0.18), GPI (0.13), PENN (0.11), TKR (0.09), MRK (0.07), APD (0.07), IP (0.06), RDS.A (0.03)

Still to Report: ALXN, ARW, CMS, MPW, BTU, PM, RL, XYL

Erlanger Research Advance/Decline Chart –  Updated 2/3 Close. Definite improvement this week. 

Gap Ups & Down In Early Pre-Market:

Gap up:

AVXL +68%, APPS +17%, ALGN +10%, EBAY +10%, MWA +9%, SIMO +8%, QNST +8%, HI +7%, MXL +7%, PME +7%, CDXC +7%, SU +6%, HIMX +6%, KLIC +5%, VSTO +5%, INOV +5%, PYPL +5%, ECHO +5%, MET +4%, TBI +4%

Gap down:

DRRX -13%, LCI -13%, ISR -13%, HYRE -12%, ANGI -10%, KLDO -10%, IEA -10%, AWH -9%, AQB -8%, AGLE -7%, QCOM -7%, QRVO -6%, NTGR -6%, ALB -5%, COR -5%, NOK -4%, CTSH -4%, UL -4%, CURI -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 –GOOD PYPL EBAY QCOM  (CNBC)

Biggest Analyst Calls of The Day – BBY QCOM PYPL (CNBC)

Covid Update –  UK looks into using different vaccines for shot one and two. (CNBC)

CDC Director Rochelle Walensky says that vaccinating teachers should not be a prerequisite to open schools. (Bloomberg)

Senator Amy Klobuchar (D- MN) lays out a massive antitrust bill. (CNBC)

Senvest Mgmt made $700 million on Gamestop (GME), profiled. (WSJ)

Bayer (BAYRY) agrees to $2 billion liability for Roundup claims of cancer. (WSJ)

McKinsey to settlement of $673 million to settle advice given over opiods. (WSJ)

Commerce Secretary Gina Raimondo to continue Huawei restrictions. (Bloomberg)

EU and UK to look at Nvidia (NVDA) purchase of Arm Holdings (ARMH). (FT)

Merck (MRK) CEO Kenneth Frazier to retire at the end of June. (CNBC)

Stock Index Trading:

Current through 2/3 close. Overall confidence moves from 60% to 96%.

Bold means a change from prior day.

Geopolitical:

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, 11:30 a.m. EST

The President and The Vice President speak with State Department staff, 1:30 p.m. EST

The President and The Vice President meet with the Secretary of State, 2:00 p.m. EST

The President delivers remarks; The Vice President also attends. 2:45 p.m. EST

Bank of England (BOE) was out with its latest decision.

Federal Reserve Dallas President Robert Kaplan speaks at 1:00 p.m. EST.

Federal Reserve San Francisco Mary Daley speaks at 2:00 p.m. EST.

Economic:

Weekly Jobless Claims due out at 8:30 a.m. EST. Came in at 779,000 against 830,000 estimates.

December Factory Orders is due out at 10:00 a.m. EST and is expected to fall to 0.7% from 1.0%.

December New Home Sales is due out 10:00 a.m. EST and is expected to improve to 860,000 from 841,000.

Weekly Natural Gas Inventories are due out at 10:30 a.m. EST.

Investor, Sellside and Industry Meetings

RVXCF TXN (Webinar) JWN (Investor Event)  TSK (Update)

Sellside:

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: Note that downgrades remain prevalent in February.

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