09.30.2022 11 new Morning Note posts under Morning Note (10) and CAPIS Insights (1)

Morning Note


Morning Note

"CAPIS Morning Note – 2/19/21: Can Stocks Break A Three Day Losing Streak?"

posted by CAPIS on 02/19/2021 at 7:50 am


02/19/2021 at 7:50 am

Covid-19 Statistics: 

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

Total Cases 27,674,548 from 27,606,974

Deaths 483,223 from 480,595

New Tests 1,356,782 from 1,338,441

New Cases 66,824 from 66,089 with positivity rate of 4.9% (even)

Daily Deaths 2,616

Current Hospitalizations 62,300 from 63,398

Capital Raises:

IPOs Priced or News: CLXP priced at $23.50 today.

Secondaries Priced: None of note.

Notes Priced of note: None of note.

Common Stock filings: TSLX TWLO  of note.

Selling Shareholders of note: None of note.

Mixed Shelf Offerings:  MAR  SAFE MMP CXP BNTC   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: TTD +1.83, QDEL +0.97, ROKU +0.52, OLED +0.50, OPRT +0.48, KNSL +0.36, EBS +0.26, MSA +0.22, HST +0.19, APPN +0.14, AMN +0.11, AMAT +0.11, ANET +0.10, AEE +0.09, CVA +0.08, EHTH +0.08, KEYS +0.06, OEC +0.05, DBX +0.04, GLPI +0.04, CWST +0.03, FTDR +0.03, RXT +0.03, COLD +0.03, ATR +0.02, GLOB +0.02, ED +0.01, CNDT +0.01, EVBG +0.01, AG +0.01, USM +0.01, LNT +0.01, AJRD +0.01

Flat:   CXP +0.00, CPRT +0.00, BOOM +0.00, HBM +0.00

Misses: TXRH (0.20), TRIP (0.16), RBA (0.07), CENX (0.06), PLNT (0.06), LTHM (0.04), TDS (0.03), VICI (0.02), MMI (0.01)

News After The Close:

Novavax (NVAX) gets a MOU with Gavi for supply of 1.1 billion doses.

Treasury Secretary Janet Yellen was interviewed on CNBC. (CNBC)

Sailpoint (SAIL) to buy Intello, no terms.

Dividend Increases: OLED XEC  TDS MPW ESS GLOB

Split Announcement:

Raises Guidance: ANET  ROKU

Lowers Guidance: TDS

Stock Buyback New Or Increase: TRST FBK GIB

Insider Buys: NUS  GNTY HEPA BKI XAIR TWO (source The Trade Exchange)

Erlanger Valuelines: Volatility is on the rise as noted by the blue highlighting on the EVL Range rising. Updated 2/18 Close

Hourly Action – Updated 2/18 close. Trading remains mixed with 4 hours up and 3 down.

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 +17   Dow Jones Industrial Average +92   NASDAQ +84   Russell 2000 +27. Fair values are higher ex the Russell. Asia mixed  and Europe higher. VIX is at 25.45 from 26  this morning in futures. VIX closed at 21.5  and the three month futures at from 27.52.

Gold lower, silver higher and copper higher. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is lower vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $135.70 from $135.81 with the yield at  1.296%.

Positive Sectors On Thursday: Utilities of note.

Negative Sectors On Thursday: Energy, Healthcare Services and Communication Services 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: KBR of note.

Monday Before the Open: DISCA, DORM, KFY, CTB, HLIO of note.

Earnings This Morning Of Note:

Beats: DE +1.70, MGA +0.80, DTE +0.11, ITT +0.09, POR +0.07, SRC +0.06, B +0.03, BCPC +0.02

Flat: none

Misses: ESNT (0.12), FRO (0.09)

Still to Report: KBR, SHLX

Erlanger Research Advance/Decline Chart/Table –Updated through 2/18. Breadth deteriorates a bit this week. A precursor or noise?


Gap Ups & Down In Early Pre-Market:

Gap up:

CASA +32%, AXTI +12%, NVAX +10%, AMN +9%, ANET +5%, AMAT +5%, CMBM +5%, GLOB +5%, TVTX +5%, ROKU +4%

Gap down:

ASPN -13%, CLPT -7%, QDEL -5%, EHTH -5%, APPN -5%, ESNT -5%, CENX -5%, RDFN -4%, RXT -4%, DBX -4%, TSLX -4%, TWLO -4%, TXRH -4%

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

Stocks Making The Biggest Moves – DE DBX NVAX (CNBC)

Covid Update: Covid cases decline in 43 states. (CNBC)

5 Things To Know Before The Market Opens (CNBC)

President Biden to restart talks with Iran. (NYT)

U.S. to double vaccine supply in next two weeks. (Bloomberg)

Power restored in Texas but 2 million with water trouble still having to boil water. (The Washington Post)

Could take weeks to restart Texas oil refineries. (Bloomberg)

Lumber moved above $1000 for the first time. (CNBC)

MGM Resorts (MGM) announced that BetMGM cuts deal with TopGolf.

Stock Index Trading & Yesterday’s Results:

Current through 2/18 close. Overall confidence moves from 97% to 73%.

Bold means a change from prior day.

Yesterday’s results.


The President delivers remarks at the virtual Munich Security Conference, East Room, 11:15 a.m. EST

Press Briefing by White House COVID-19 Response Team and public health officials, 11:45 a.m. EST

The President departs the White House en route Joint Base Andrews, South Lawn, 11:55 a.m. EST

The President tours Pfizer manufacturing site and meets with workers who are producing the COVID-19 vaccine, 2:25 p.m. EST

The President delivers remarks at Pfizer manufacturing site, 3:10 p.m. EST

The President arrives at the White House, South Lawn, 5:40 p.m. EST


January Existing Homes Sales is due out at 10:00 a.m. EST and is expected to drop to 6.65 million from 6.70 million.

Investor, Sellside and Industry Meetings

(Investor Day) (Webcast)  RDFN (Conference Call)

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

Industry Conferences: PeopleSoft Innovation Summit

M&A Activity:

Redfin (RDFN) to buy RentPath for $608 million in cash.

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

Today’s Sellside Recommendations below.

Thursday Sellside Recommendations


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.