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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 -3/15/21: Long Live The TechnoKing, Futures Mixed, FOMC Meets This Week."

posted by CAPIS on 03/15/2021 at 8:10 am

by CAPIS

03/15/2021 at 8:10 am

News You Cannot Make Up: Elon Musk was names the TechnoKing of Tesla (TSLA) in addition to his other titles. (CNBC)

Earnings Out After The Close Of Note:

Beats: None of note.

Flat: None of note.

Misses: None of note.

 Capital Raises:

IPOs Priced or News:

New SPACs launched: 

Secondaries Priced: None of note.

Notes Priced of note: None of note.

Common Stock filings: NAKD 0f note.

Selling Shareholders of note: None of note.

Mixed Shelf Offerings:  CEMI CRDF INMD NKTR RESN SIBN VMC of note.

Convertible Offering & Notes Filed:  DKNG of note.

Capital Raise Summary From The Trade Exchange ,bringing traders and investors real time news and Squawk Box, and other sources.

News After The Close:

fuboTV (FUBO) President Jordan Fiskenbaum resigns.

U.S. Steel (X) issued downside guidance after the close.

Names into S&P 500: NXPI PENN GNRC CZR.

Names into S&P 400: FLS SLG XRX VNT 

Names into S&P 600: EPC 

Names into S&P 100: AVGO TMUS LIN and out ALL KMI SLB.

Lockheed Martin (LMT) wins $560 million Navy contract.

Barron’s + on ABBV AMGN BMY LLY JNJ MRK PFE WD LMT HWM RTX CPNG VIAC BNED GCI PBI WW DLX CNK GRB MAT.

Dividend Raises:

Split Announcement: 

Raises Guidance:

Lowers Guidance 

Buyback Announcements:  

Insider Purchases: LGF ADM GSBD ICPT.

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

S&P 500 +1 Dow Jones Industrial Average +70 NASDAQ +6  Russell 2000 -1.39. Fair values are mixed. Asia and Europe mixed. VIX is at 25.47 from 23  this morning in futures. VIX closed at 20.69 from 21.91  and the three month futures at 25.74 from 26.09

Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $131.92 from $132.06 with the yield at 1.62% from 1.597%.  Bitcoin $56,163.50 @ $3832.73 -6.42%

Positive Sectors On Friday: Real Estate, Industrials and Utilities.

Negative Sectors On Friday: Communication Services, Technology and Consumer Cyclicals 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: BEKE HQY of note.

Tuesday Before the Open: DBI IMOS JBL NFE of note.

Earnings This Morning Of Note:

Beats: None of note.

Flat: None of note.

Misses: None of note.

Still to Report: none

Erlanger Research Advance/Decline Chart/Table –Updated through 3/12. Breadth is improving off its recent lows.

 

Gap Ups & Down In Early Pre-Market:

Gap up:

SJR 53%, ATRA +9%, AUPH +6%, CTAC +5%, RIDE +5%, X +5%, RACA +5%, BLUE +4%

Gap down:

LLY -5%

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

Stocks Making The Biggest Moves GNMK AMC LLY  (CNBC)

Biggest Analyst Calls CNBC PRO: Morgan Stanley upgrades 5 Clean Energy names. (CNBC)

5 Things to know before the market opens. (CNBC)

House Speaker Pelosi says that work has begun on a infrastructure bill. (Reuters)

Treasury Secretary Yellen says that inflation risk is small. (ABC News)

President Biden looks to raise taxes and increase capital gains rate to pay for infrastructure bill. (Bloomberg)

Airline passengers hit highest levels since a year ago. (Reuters)

Index Results

Current through 3/12 close. Overall confidence moves to 94% from 97%.

Bold means a change from prior day.

3/11 results.

Geopolitical:

President Biden receives Daily Briefing at 9:50 a.m. EDT.
Press Briefing by the White House Covid-19 Response Team at 11:00 a.m. EDT.

White House Press Briefing by Press Secretary Jen Psaki at 12:30 p.m. EDT.

President Biden speaks at 1:45 p.m. EDT on the American Rescue Plan.

Economic:

March Empire State Manufacturing is due out at 8:30 a.m. EDT and is expected to rise to 15 from 12.1. Came in up 17.4.

Meetings, Sellside Conferences and Industry Conferences

CLSK PHAS VWAGY (Investor Meetings) SESN (Conference Call) AMD (Update)

Sellside Conferences: Roth Capital Partners Growth Conference (3/15-17) JP Morgan Industrials Conference (3/15-17) Mizuho Energy Conference  (3/15-3/16)

Industry Conferences:

M&A Activity

GenMark Diagnostics (GNMK) to be bought by Roche (RHHBY) for $1.8 billion or $24.05 per share.

Shaw Communications (SJR) to be bought by Rogers Communication (RCI) for $26 billion (Canadian), shares up 53%.

Extended Stay (STAY) up 15% as accepts deal from Blackstone (BX) and Starwood Capital (STWD).

Upgrades & Downgrades From Sellside Firms – For Up has to be a Buy. For a Down has to be a Sell or Underweight.

Today’s Recommendations:

Friday Recommendations:

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