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

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Morning Note

"CAPIS Morning Note – 3/17/21: Bond Yields Rise, NASDAQ Falls And FOMC at 2:00 P.M. EDT"

posted by CAPIS on 03/17/2021 at 7:53 am

by CAPIS

03/17/2021 at 7:53 am

Earnings Out After The Close Of Note:

Beats: LEN +0.30, COUP +0.28, SMAR +0.09, CRWD +0.05, CAL +0.04

Flat: none

Misses: none

Capital Raises:

IPOs Priced or News: Olo Inc. (OLO) priced at $25 a share above $16 to $18 range. Sun County Airlines (SNCY) priced at $24 a share above range of $21 to $23.

New SPACs launched: 

Secondaries Priced: RUBY PARR REGI CFX   of note.

Notes Priced of note:  OIS IMAX RPD  of note.

Common Stock filings: PRIM MAX STEP SJI REGI CRIS SKLZ   0f note.

Selling Shareholders of note: KPDK SKLZ  of note.

Mixed Shelf Offerings: KODK TCRR CRIS CCNC CEMI CRDF INMD  of note.

Convertible Offering & Notes Filed: OIS of note.

Note Offerings Filed:  KRG 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:

Micron (MU) to refocus on memory and storage for data center.

Plug Power (PLUG) to restate earnings.

JetBlue Airways (JBLU) is recalling flight attendants.

Major rating agency reaffirms U.S. sovereign debt ratings.

Dividend Raises: 

Split Announcement: 

Raises Guidance:

Lowers Guidance: 

Buyback Announcements:  PDCO

Insider Purchases: LGF ADM.

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

S&P 500 -12 Dow Jones Industrial Average +66 NASDAQ  -142 Russell 2000 -5. Fair values are mixed. Asia mixed and Europe lower. VIX is at  24.30 from 24.07 this morning in futures. VIX closed at 19.47 from 19.98 from 20.69 and the three month futures at 24.71 from 24.89.

Gold and silver lower with 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 $131.61 from $132.09 with the yield at 1.67% from 1.597%.  Bitcoin $55,155 @ $-1348.99 -2.39%

Positive Sectors On Tuesday: Communication Services, Utilities and Technology.

Negative Sectors On Tuesday: Energy, Industrial 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: ZTO, FIVE, WSM, JEF, SMTC, APG, PD, MLHR, GES of note.

Thursday Before the Open: ACN, DG, WB, CMC, SIG, CSIQ, HHR, GIII, TITN of note.

Earnings This Morning Of Note:

Beats: KC +0.61

Flat: none

Misses: none

Still to Report: CTAS

Erlanger Research Advance/Decline Chart/Table –Updated through 3/16. Yesterday was a struggle and it looks to continue this morning.

 

Gap Ups & Down In Early Pre-Market:

Gap up:

GLG +10%, CELC +9%, COHR +6%, ORGO +6%, CRWD +5%, RPD +5%, PBYI +4%, QRTEA +4%

Gap down:

PLUG -22%, REGI -8%, OIS -7%, SJI -7%, BLDP -6%, ARRY -6%, KODK -5%, CRIS -5%, FCEL -5%, BE -5%

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

Stocks Making The Biggest Moves LE CRWD COUP PLUG   (CNBC)

Biggest Analyst Calls CNBC PRO: AMZN DKS MNST. (CNBC)

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

21 Republican State Attorney Generals are threatening to deny the state and local funding from the Stimulus Plan. (The Washington Post)

Republicans in the Senate to fight raising the debt ceiling. (Politico)

President Biden wants reform on the filibuster. (ABC News)

House votes to extend PPP funding through 5/31. (WSJ)

AstraZeneca (AZN) vaccine does not protect against the South African strain. (Bloomberg)

Progressive Democrats push “medicare for all” healthcare reform. (The Washington Post)

Toyota (TM) and Honda (HMC) to slow production due to chip shortage. (WSJ)

Index Results

Current through 3/16 close. Overall confidence remains at 97%.

Bold means a change from prior day.

3/16 results.

Geopolitical:

The President attends a mass in honor of St. Patrick’s Day, St. Joseph on the Brandywine, Wilmington, DE, 8:00 a.m. EST

The President departs Wilmington, DE en route Washington, DC, New Castle Airport, Delaware, 9:40 a.m. EST

The President receives the President’s Daily Brief en route to Washington, New Castle Airport, Delaware, 9:50 a.m. EST

The President arrives at the White House, South Lawn, 10:35 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 hosts H.E. Micheál Martin, Prime Minister of Ireland, for a virtual bilateral meeting, 1:00 p.m. EST

Press Briefing by Press Secretary Jen Psaki and Secretary of Education Miguel Cardona, James S. Brady Press Briefing Room, 3:00 p.m. EST

Economic:

Weekly API Petroleum Institute Data came out at 4:30 p.m. EDT and saw a bigger draw than expected, 1 million barrels.

February Housing Starts are due out at 8:30 a.m. EDT and are expected to fall to 1,550,000 from 1,580,000.

Weekly Crude Oil Inventories are due out at 10:30 a.m. EDT.

The latest FOMC rate decision is due out at 2:00 p.m. EDT and then followed by a press conference at 2:30 p.m. EDT.

Meetings, Sellside Conferences and Industry Conferences

 YEXT AJG (Investor Meetings)  

Sellside Conferences: Roth Capital Partners Growth Conference (3/15-17) JP Morgan Industrials Conference (3/15-17) Oppenheimer Healthcare Conference (3/16-18) Bank of America Global Industrials (3/16-18) UBS Energy Conference (3/16-18)  Citi Telecommunications, Media and Technology Conference (3/16-17) Citi Winter Biotechnology West Coast Conference (3/16-17) Maxim Emerging Growth Conference (3/17-19)

Industry Conferences: SEMICON China (3/17-19)

M&A Activity

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:

 

Tuesday Recommendations:

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