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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 – 3/22/21: Futures Up Modestly, Merger Monday & Powell Speaks"

posted by CAPIS on 03/22/2021 at 8:10 am

by CAPIS

03/22/2021 at 8:10 am

Breaking News:

Earnings Out After The Close Of Note:

Beats:  none

Flat: none

Misses: none

Capital Raises:

IPOs Priced or News: 

New SPACs launched: 

Secondaries Priced: None of note.

Notes Priced of note: None  of note.

Common Stock filings: IMAB SQM  0f note.

Selling Shareholders of note: BALY ATCO of note.

Mixed Shelf Offerings:  HLT CCI GCI MSI CLSN CVCY VRNA   of note.

Convertible Offering & Notes Filed:  None of note.

Note Offerings Filed:  TRIP GRPN RDFN MTSI  of note.

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

News After The Close:

Bioanalytical Systems (BASI) changes name to Inotiv (NOTV) as of this morning.

Visa (V) confirms that the Department of Justice looking into their debt practices.  Also, will raise fees after removal of EU Cap.

Roku (ROKU) buys “This Old House” , no terms.

General Dynamics (GD) wins $2.4 billion Navy contract.

Barron’s + on SPLK ELF LLY BIIB CAT BLMN LMT BA NXST LITE DVN KRC GOOGL C DRI XOM TTWO.

Dividend Raises: SC (special) 

Split Announcement: 

Raises Guidance: 

Lowers Guidance: 

Buyback Announcements: IMKTA OAS 

Insider Purchases: Below is the list of insider buys from yesterday. We note no names have moderate or heavy short selling worth buying. Insider Action From The TradeXchange and Short Date From Erlanger Research.

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 -55 NASDAQ  +76 Russell 2000 +1. Fair values are mixed. Asia and Europe mixed. VIX is at 23.11 from 23.75 this morning in futures. VIX closed at 21.58 from 19.23 and the three month futures at 25.28 from 23.88.

Gold and silver lower with copper higher. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, higher vs Pound and lower vs Yen. US 10 year Treasury price is at $131.56 from $131.50 with the yield at 1.688% from  1.707%.  Bitcoin $57,293.31 @ $-305.41 -0.53%.

Positive Sectors On Friday: Consumer Cyclicals, Healthcare and Communication Services.

Negative Sectors On Friday: Financials, Real Estate and Industrials 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: TME, SNX, GES of note.

Tuesday Before the Open: INFO, HUYA, DOYU, NEOG of note. 

Earnings This Morning Of Note:

Beats:  none

Flat: none

Misses: none

Erlanger Research Advance/Decline Chart/Table –Updated through 3/19. Yesterday saw weakness.

 

Gap Ups & Down In Early Pre-Market:

Gap up:

LPTX +29%, SBBP +22%, KSU +18%, BBIO +6%, TBA +4%, LUMO +4%, TSLA +4%

Gap down:

THTX -7%, CLSN -5%, CP -4%

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

Stocks Making The Biggest Moves – SIG DG    (CNBC)

Biggest Analyst Calls CNBC PRO: FIVE BAC CCL. (CNBC)

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

U.S. and China end Alaska meeting with nothing accomplished, Biden may enforce new sanctions. (Politico)

Turkish President Recep Tayyip Erdogan fires Central bank governor Naci Agbal and currency falls -10%. (WSJ)

Former Treasury Secretary Lawrence Summers says that U.S. macro policy is the “least responsible” in 40 years. (Bloomberg)

AstraZeneca (AZN) reports vaccine 79% efficacy.

Ark Investment says Tesla (TSLA) worth $3000 buy 2025. (Ark Investment website)

RingCentral (RING) buys Kindite, no terms.

Index Results

Current through 3/19 close. Overall confidence moves from 97% to 67%.

Bold means a change from prior day.

3/19 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

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

The President meets virtually with the Senate Democratic Caucus during their annual retreat, Library, 7:00 p.m. EST

Federal Reserve Richmond President Thomas Barkin speaks at 10:30 a.m. EDT.

Federal Reserve Chairman Powell speaks at 9:00 a.m. EDT from the BIS Conference.

Federal Reserve Governor Randall Quarles and Federal San Francisco President Mary Daly speaks at 1:00 p.m. EDT.

Federal Reserve Governor Bowman speaks at 7:15 p.m. EDT.

Economic:

March Existing Home Sales are due out at 10:00 a.m. EDT and is expected to fall to 6,500,000 from 6,669,000.

Meetings, Sellside Conferences and Industry Conferences

BCRX  (Investor Meetings) SNX BBIO (Conference Call) BOX (Webcast)

Sellside Conferences:  Piper Sandler Energy Conference (3/22-23)  Bank of America Energy & Utilities Conference (3/22-24) Bank of America Electronic Payments Symposium (3/22-23) Bank of America STAARS Conference (3/22)

Industry Conferences:

M&A Activity

Canadian Pacific (CP) to buy Kanas City Southern (KSU) for $29 billion.

Synnex (SNX) and Tech Data to combine for $7.2 billion deal.

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: Will be in tomorrow

 

Friday Recommendations:

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.