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09.23.2022 11 new Morning Note posts under Morning Note (10) and CAPIS Insights (1)

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"CAPIS Morning Note – 3/5/21: Job Data Strong, Yields Rise – Stocks Bounce"

posted by CAPIS on 03/04/2021 at 9:29 pm

by CAPIS

03/04/2021 at 9:29 pm

Breaking News: 

Covid-19 Statistics: 

Total Cases 28,585,852 from 28,520,365

Deaths 510,408 from 508,665

New Tests 1,596,075 from 1,401,364

New Cases 65,487 from 66,836 with positivity rate of 4.1% (down 0.6)

Daily Deaths 1,743

Current Hospitalizations 44,172 from 45,462

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

Earnings Out After The Close Of Note:

 Beats: FLGT +2.15, COO +0.38, SWBI +0.31, NX +0.21, MANU +0.18, GWRE +0.12, GPS +0.10, CERT +0.06, AVGO +0.05, CHUY +0.05, WORK +0.02, JAMF +0.01

Flat: MDLA +0.00, SDC +0.00

Misses: OPEN (0.44), COST (0.17), PLYA (0.08), AQN (0.01), IMAX (0.01)

 Capital Raises:

IPOs Priced or News: 

New SPACs launched: 

Secondaries Priced: SUI NRIX AMRC  of note.

Notes Priced of note:  TYL CUTR of note.

Common Stock filings: AMRC NCLH  of note.

Selling Shareholders of note: AMRC  of note.

Mixed Shelf Offerings: PGRE EVFM PNW WPRT  of note.

Convertible Offering Files:  of note.

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

News After The Close:

Ocular Therapeutix (OCUL) gets FDA acceptance of sNDA for DEXTENZA.

CoStar Group (CSGP) cancels bid for CoreLogic (CLGX).

On Semiconductor (ON) to cut 740 employees.

Verisign (VRSN) reported 366.3 million domain registrations at end of Q4.

Dividend Raises: HMN AMT SPTN

Split Announcement:

Raises Guidance: COO NX  VERI 

Lowers Guidance: 

Stock Buyback New Or Increase: SWBI NXPI

Insider Buys: XRAY EDIT CWH KDP D CLW EPIX BG VST SSTI TDY (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 +27  Dow Jones Industrial Average +228 NASDAQ +48 Russell 2000 +30. Fair values are mixed. Asia lower and Europe mixed. VIX is at 27.30 from 25.80 this morning in futures. VIX closed at  28.57 from 26.67 and the three month futures at 30.08 from 28.79.

Gold and silver lower  with 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 $132.22 from $133.11  with the yield at 1.62% from 1.56%. Bitcoin -187.36 @ 47866.73.

Positive Sectors On Thursday:  Energy.

Negative Sectors On Thursday:  Materials, Technology, Communication Services and Consumer Cyclical of note.

One Month Winners: Energy, Financials and Communication Services of note.

Three Month Winners: Materials, Industrials and Financials of note.

Six Month Winners: Energy, Financials and Materials of note.

Twelve Month Winners:  Consumer Cyclical, Technology and Materials of note.

Year to Date: Energy, Communication Services, Financials and Materials of note.

Upcoming Earnings Of: (sorted by market cap, highest to lowest with most visible names)

Today After the Close: none of note.

Friday Before the Open: HUYA, RDNT, XPEV, ZNTL of note.

 Earnings This Morning Of Note:

Beats: GSX +0.20, BIG +0.09, HIBB +0.03

Flat: none

Misses: none

Still to Report: none

Erlanger Research Advance/Decline Chart/Table –Updated through 3/4. Breadth failed to extend Monday gains and has struggled the rest of the week.

  

Gap Ups & Down In Early Pre-Market:

Gap up:

FLGT +25%, WTRH +22%, CERT +16%, KXIN +14%, TYL +7%, CSGP +5%, CHUY +5%, COO +4%

Gap down:

EVFM -24%, GSX -11%, AMRC -7%, SENS -7%, DMTK -6%, ATEC -6%, GWRE -5%, MDLA -5%, OPEN -5%, NCLH -4, CLA -4%, MARA -4%, CLOV -4%, CLGX -4%

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

Stocks Making The Biggest Moves – OKTA MRVL VRM BJ BURL CIEN RKT CVAC AMZN SNOW SPLK  (CNBC)

5 Things To Know Before The Market Opens (CNBC)

China set GDP target above 6%. (CNBC)

Senate to pass a revised bill over weekend and House will have to pass next week. (Bloomberg)

Pfizer (PFE) vaccine plant had quality control issues. (Bloomberg)

Senate looking at a $30 billion funding bill for semiconductor industry. (Reuters)

Shutterfly may come public through a SPAC. (WSJ)

White House tracking Microsoft (MSFT) software patch following Solar Winds hack. (Reuters)

Microsoft (MSFT) could lose Pentagon contract to Amazon (AMZN) if court reverses ruling. (Bloomberg)

Index Results

Current through 3/4 close. Overall confidence moves from 33% to 27%.

Bold means a change from prior day.

3/4 results.

Geopolitical:

The President and The Vice President receive the President’s Daily Brief, Oval Office, 9:50 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 has lunch with The Vice President, Private Dining Room, 12:15 p.m. EST

Press Briefing by Press Secretary Jen Psaki, James S. Brady Press Briefing Room, 12:30 p.m. EST

The President and The Vice President receive an economic briefing with the Secretary of the Treasury, Roosevelt Room, 2:15 p.m. EST

The President participates in a roundtable on the American Rescue Plan, State Dining Room, 3:15 p.m. EST

The President and The Vice President receive a COVID-19 briefing, Oval Office, 5:30 p.m. EST

Federal Reserve Speakers Today:

Federal Reserve Philadelphia President Patrick Harker at 10:00 a.m. EST.

Federal Reserve Atlanta President Raphael Bostic at 12:00 p.m. EST.

Federal Reserve Chicago President Charles Evans at 1:00 p.m. EST.

Federal Reserve Dallas President Robert Kaplam at 6:05 p.m. EST.

Economic:

February Nonfarm Payrolls are due out at 8:30 a.m. EST and expected to rise to 200,00 from 46,000. The unemployment rate is expected to stay at 6.3%. Came in at 379,000.

Meetings, Sellside Conferences and Industry Conferences

VG ZEAL (Investor/Analyst Day) 

Sellside Confrerences:  Wells Fargo Bank and Tech Pop Up Conference (3/4-5) Wedbush Real Estate Technology Conference (3/4-5)

Industry Conferences: BM Metal & Mining Conference (3/1-5)

M&A Activity:

Medallia (MDLA) to buy Decibel for $160 million in cash.

Chevron (CVX) to buy Noble Midstream Partners (NBLX) in all stock deal.

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

Thursday’s Sellside Recommendations below.

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