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

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Morning Note

"CAPIS Morning Note – 2/18/21: Stocks Lower As Jobless Claims Rise"

posted by CAPIS on 02/18/2021 at 7:36 am

by CAPIS

02/18/2021 at 7:36 am

Interesting Fact: .

Covid-19 Statistics: 

**** The COVID Tracking Project will stop collecting data on March 7, 2021 ***

Total Cases 27,606,974 from 27,540,885

Deaths 480,595 from 478,259

New Tests 1,338,441 from 1,060,442

New Cases 66,089 from 56,312 with positivity rate of 4.9% (down 0.4)

Daily Deaths 2,336

Current Hospitalizations 63,398 from 64,533

Capital Raises:

IPOs Priced or News: None of note.

Secondaries Priced: YMAB EPIX SITM  of note.

Notes Priced of note: OZON of note.

Common Stock filings: VERU MTEM ARMK IMBI  of note.

Selling Shareholders of note: None of note.

Mixed Shelf Offerings: ZG of note.

Convertible Offering Files: None 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: BIDU +3.35, STMP +1.51, EIG +1.01, CYH +0.98, SNBR +0.71, RGR +0.59, BFAM +0.59, VMI +0.41, JACK +0.39, MOS +0.36, TSLX +0.31, MX +0.27, CF +0.25, KAI +0.23, SKT +0.17, AXTA +0.15, PAAS +0.14, TWLO +0.11, TLRY +0.11, IQ +0.11, UCTT +0.10, MANT +0.10, LOPE +0.10, WK +0.09, BCOV +0.08, SPWR +0.07, GMED +0.07, SNPS +0.06, LASR +0.06, WCN +0.05, CDE +0.05, NTR +0.05, ALB +0.05, SUI +0.05, FSLY +0.01, HPP +0.01, CONE +0.01

Flat:   AM +0.00, OIS +0.00

Misses: TXG (3.64), NVTA (0.77), H (0.43), SAM (0.28), CAKE (0.27), AEL (0.20), ALSN (0.13), HLF (0.11), SUN (0.11), IAG (0.05), ET (0.05), PEGA (0.04), QTWO (0.03), SM (0.03), FCPT (0.02), AR (0.02), RPT (0.01), SWAV (0.01), TROX (0.01)

News After The Close:

Belden (BDC) Executive Chairman John Stoup to retire in May.

Kraton (KRA) to implement 10% price increases across Pine Chemicals and AMS.

Facebook (FB) to restrict publishers and readers in Australia from sharing or viewing Australian and international news.

Texas bans natural gas companies from exporting fuel outside of the state. (Bloomberg)

American Airlines (AAL) Q1 capacity to decrease by 45% compared to Q1 2019, the year before Covid-19.

Dividend Increases: KRNY RMAX TROX FL STC NPO NTR OMC 

Split Announcement:

Raises Guidance: FVRR

Lowers Guidance: AM

Stock Buyback New Or Increase: CBZ HLF EQH

Insider Buys: MACK CRVS CVS FISV KKR CDAK (source The Trade Exchange)

Erlanger Valuelines: Volatility is on the rise as noted by the blue highlighting. Updated 2/17 Close

Hourly Action – Updated 2/17 close. Trading remains mixed.

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 mixed this morning but nothing substantial. The low overnight on the S&P 500 was at 2:30 a.m. EST down 10 points from current levels.

S&P 500 -26   Dow Jones Industrial Average -173   NASDAQ -137   Russell 2000 -15.51. Fair values are higher ex the Russell. Asia  and Europe mixed. VIX is at 26 from 26.15 this morning in futures. VIX closed at 21.50 from 21.46  and the three month futures at 27.52 from 27.55.

Gold higher, silver lower and copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $135.81 from $135.61 with the yield at 1.296% from 1.33%.

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

Negative Sectors On Wednesday: Technology, Materials  and Real Estate 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: AMAT, ROKU, TTD, CPRT, KEYS, ANET, ED, AEE, APPN, VICI, LNT, OLED, GLPI, HST, DBX of note.

Friday Before the Open: DE, DTE, MGA, ITT, ESNT, SRC, POR, BCPC, HMSY, B, THRM of note.

Earnings rescheduled due to weather COG 2/23,  BIGC 2/22,

Earnings This Morning Of Note:

Beats: GTLS +0.51, HRI +0.32, TPH +0.27, OMC +0.22, WST +0.21, RCM +0.17, TRP +0.14, KELYA +0.14, NICE +0.11, VTR +0.11, IART +0.11, EPAM +0.10, LKQ +0.10, NEM +0.07, STNG +0.06, AVNS +0.06, TECK +0.06, IDA +0.06, CBZ +0.05, SO +0.05, GOLD +0.04, WM +0.04, BLMN +0.03, FVRR +0.03, CBB +0.02, MAR +0.02, SITC +0.02, CFX +0.01, SYNH +0.01, HL +0.01, HRL +0.01, RS +0.01

Flat: LXP +0.00

Misses: GEL (0.80), FE (0.16), VC (0.13), WMT (0.12), DAN (0.11), MD (0.11), FOCS (0.05), WAB (0.05), VG (0.03), BRC (0.02)

Still to Report: AAWW, ITGR, IDCC, MTRN, NVMI, PPL

Erlanger Research Advance/Decline Chart/Table –Updated through 2/17.

  

Gap Ups & Down In Early Pre-Market:

Gap up:

CAPA +50%, CBLI +47%, CPG +16%, SNBR +13%, TWLO +10%, MANT +10%, WK +10%, CYH +7%, TLRY +6%, TSLX +6%, AXTA +6%, NTR +5%, MX +5%, EIG +5%, FVRR +5%, CGNT +4%, PRVB +4%, LXP +4%

Gap down:

SM -10%, MTEM -10%, IQ -10%, QTWO -9%, STMP -9%, AM -9%, NICE -8%, SPWR -8%, VERU -6%, FSLY -6%, SAM -6%, FTI -5%, MD -5%, SI -5%, SNN -5%, GMED -4%, ALB -4%

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

Stocks Making The Biggest Moves – WMT HRL MAR (CNBC)

Covid Update: Life expectancy drop by 1 year in U.S. (CNBC)

SEC to consider changes to short selling rules including full disclosure. (WSJ)

House members on the House Financial Services Committee to ask why trading was shut down in Gamestop (GME) during today’s hearing. (CNBC)

Millions still without power in Texas as new snowstorm approaches. (NYT)

Walmart (WMT) to raise wages for 425,000 workers.

Tesla (TSLA) lowers price of Model Y and 3. (Reuters)

Stock Index Trading & Yesterday’s Results:

Current through 2/17 close. Overall confidence moves from 97%.

Bold means a change from prior day.

Yesterday’s results.

Geopolitical:

The President and The Vice President receive the President’s Daily Brief, Oval Office, 9:45 a.m. EST

The President and The Vice President receive a COVID-19 briefing, Oval Office, 10:30 a.m. EST

Press Briefing by Press Secretary Jen Psaki, The White House, 12:30 p.m. EST

Federal Reserve Governor Lael Brainard speaks at 8:00 a.m. EST.

The House Financial Services Committee will review the recent short squeeze in Gamestop (GME) that played out over the last two weeks of January. Robinhood, Citadel and other players will testify in what has to be labeled “Must See TV”.

Economic:

Weekly Jobless Claims are due out at 8:30 a.m. EST. Came in higher, not good, at 869,000.

January Housing Starts are due out at 8:30 a.m. EST and are expected to rise slightly to 1,670,000 from 1,669,000. Came in 1,580,000.

February Philadelphia Fed Index is due out at 8:30 a.m. EST and is expected to fall to 15 from 26.5. Came in at 23.1.

Weekly Crude Oil Inventories due out at 10:30 a.m. EST and Weekly Natural Gas Inventories due out at 11:00 a.m. EST.

$9 billion of 30 Years auctioned at 1:00 p.m. EST.

Investor, Sellside and Industry Meetings

WMMVY (Investor Day) GOSS (Webcast) PHGE (Conference Call with Cantor Fitzgerald)

Sellside Confrerences: BTIG Med Tech Conference (2/17-19) Citi Global Industrials Conference (2/16-18)

Industry Conferences: PeopleSoft Innovation Summit

M&A Activity:

Upgrades & Downgrades of Note This Morning: Note that downgrades remain prevalent in February.

Today’s Sellside Recommendations below.

Wednesday Sellside Recommendations

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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.