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04.13.2021 10 new Morning Note posts under Morning Note (9) and General (1)

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"CAPIS Morning Note – 3/1/21: Stocks Start March On a Positive Note"

posted by CAPIS on 03/01/2021 at 8:08 am

by CAPIS

03/01/2021 at 8:08 am

Covid-19 Statistics: 

Total Cases 28,350,657 from 28,296,369

Deaths 503,235 from 502,186

New Tests 1,346,785 from 1,649,277

New Cases 54,288 from 70,774 with positivity rate of 4.0% (down 0.3)

Daily Deaths 1,049

Current Hospitalizations 47,352 from 48,871

Earnings Out After The Close Of Note:

Beats: none

Flat:   none

Misses: MGLN (0.13)

Capital Raises:

IPOs Priced or News: 

New SPACs launched: Vector Acquisition (VACQ) to merge with Rocket Lab. (WSJ)

Secondaries Priced:  WAL of note.

Notes Priced of note: None of note.

Common Stock filings: SRNE SNR RCL of note.

Selling Shareholders of note: NVTA SYNH of note.

Mixed Shelf Offerings: HTA AMP TWO PFE ESNT AMSC YELP STOR HSBC PCG SBAC NSA of note.

Convertible Offering Files: FEYE TWTR SHAK of note.

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

News After The Close:

Varonis Systems (VRNS) sets record date for stock split of 3/11.

Barron’s + on ASOMY ROST C DOW

Warren Buffet’s annual letter (BRKB) is out to investors.

Over the weekend, the House approved the $1.9 trillion stimulus plan but the plan will not include at $15 an hour wage. on to Senate for approval.

Dividend Raises:

Split Announcement:

Raises Guidance: 

Lowers Guidance:

Stock Buyback New Or Increase: TREC

Insider Buys:  (source The Trade Exchange)

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

S&P 500 +42  Dow Jones Industrial Average +348   NASDAQ +169  Russell 2000 +39.55 . Fair values are higher ex the Russell. Asia and Europe lower. VIX is at 25.21 this morning in futures. VIX closed at 27.95  from 28.89 and the three month futures at 29.60 from 30.24.

Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is lower. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $133.03 from $132.70with the yield at from 1.46%.

Positive Sectors On Friday:  Technology, Communication Services and Consumer Cyclical.

Negative Sectors On Friday: Energy, Materials and Utilities.

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: ZM, MELI, NIO, NVAX, LMND, SRPT, CLGX, DDD, FGEN, SWCH, SGMS, CYRX, INO, IPAR, RPAY of note.

Tuesday Before the Open: SE, TGT, AZO, BSY, KSS, AER, IGT, KTB, ANF, DIN, LL, TILE, CHS of note.

Earnings This Morning Of Note:

Beats: RETA +0.45, THRM +0.43, CORE +0.26, XRAY +0.23, MIDD +0.20, ASTE +0.14, SSYS +0.13, NOVT +0.09, HNI +0.06, CVET +0.05, EVTC +0.05, XHR +0.03

Flat: none

Misses: HGV (1.72), BHVN (0.13), TGNA (0.10), PRGO (0.07), CDLX (0.02)

Still to Report: CWEN, EBIX, HRTX, NRG, PQG, QURE

Erlanger Research Advance/Decline Chart/Table –Updated through 2/26. Breadth continues to deteriorate. A precursor or noise?

  

Gap Ups & Down In Early Pre-Market:

Gap up:

VACQ +18%, FTFT +12%, NSH +5%, CORE +5%, GRNV +5%, XRAY +4%

Gap down:

XTNT -14%.

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

Stocks Making The Biggest Moves –HGV JNJ NRG PRGO BRKB TWTR WMT LHX LOGI TWLO  (CNBC)

Covid Update: U.S. government buy 100k of doses of Eli Lilly antibody treatment. (CNBC)

5 Things To Know Before The Market Opens (CNBC)

Johnson & Johnson (JNJ) vaccine gets EUA use and CDC endorses. (CNBC)

AstraZeneca (AZN) sells stake in Moderna (MRNA) for $1 billion. (NYT)

Walmart (WMT) removes $35 charge for Express delivery. (  )

 

Current through 2/26 close. Overall confidence moves from 40% to 37%.

Bold means a change from prior day.

2/27 results.

Geopolitical:

The President departs Wilmington, DE en route Washington, DC, New Castle Airport, Delaware, 10:40 a.m. EST

The President receives the President’s Daily Brief en Route to The White House, New Castle Airport, Delaware, 10:50 a.m. EST

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

The President arrives at the White House, South Lawn, 11:35 a.m. EST

Press Briefing by Press Secretary Jen Psaki and Secretary of Homeland Security Alejandro Mayorkas, James S. Brady Press Briefing Room, 12:00 p.m. EST

The President meets virtually with President Andrés Manuel López Obrador, Roosevelt Room, 4:30 p.m. EST

Economic:

January Construction Spending is due out at 10:00 a.m. EST and expected to fall to 0.6% from 1.0%.

Investor, Sellside and Industry Meetings

 VTRS ETN VCRA  (Investor/Analyst Day) LHX GSS (C Call) 

Sellside Confrerences: JMP Technology Conference (3/1-2),  JP Morgan High Leveraged Finance Conference (3/1-3), BM Metal & Mining Conference (3/1-5) Cowen & Co Healthcare Conference (3/1-4) Raymond James Institutional Investors Conference Call (3/1-3) Credit Suisse Energy Summit (3/1-3) Morgan Stanley TMT (3/1-4) Morgan Stanley Energy & Power Conference (3/1-3)

Industry Conferences:

M&A Activity:

L3Harris (LHX) sells their Military Training business for $1.05 billion.

CMC Materials (CMC) to buy International Test Solutions for $125 million.

Perrigo (PRGO) sells Generic Rx Pharmaceuticals to Altaris Capital Partners, LLC for $1.55  billion.

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

Friday’s Sellside Recommendations below.

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.