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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 -3/26/21: Stocks Mixed As NASDAQ 100 Lower, S&P 500 Higher"

posted by CAPIS on 03/26/2021 at 6:39 am

by CAPIS

03/26/2021 at 6:39 am

Breaking News: United Nations to hold Emergency meeting on North Korea and their latest missile launches.

Earnings Out After The Close Of Note:

 Beats:  SAIC +0.21, PRGS +0.20

Flat: none

Misses: GAN (0.21), OXM (0.08)

Capital Raises:

IPOs Priced or News: thredUP (TDUP) priced at $14 a share which is at high end of range. Alignment Healthcare (ALHC) priced at $18 which is mid range. 

New SPACs launched: WeWork to go public through SPAC merger with BowX Acquisition Corp (BOWX).

Secondaries Priced: ABR of note.

Notes Priced of note: None of note.

Common Stock filings: ABR VUZI  0f note.

Selling Shareholders of note: None of note.

Private Placement of Public Entity (PIPE): CEQP 

Mixed Shelf Offerings: None  of note.

Convertible Offering & Notes Filed: None of note.

Note Offerings Filed: None 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:

Sorrento Therapeutics (SRNE) updates Phase 1b Covid-19 treatment of hospitalized patients.

Annaly Capital Mgmt (NLY) agrees to sell Commercials Real Estate business to Slate Asset Mgmt for $2.33 billion.

Robinhood building platform to let users buy into IPOs including its own.

U.S. Government to create Executive Order that will require customers of breaches to be notified by their software vendors,

Federal Reserve will end restrictions on bank dividends after June 30, based on upcoming stress test.

Ford Motor (F) to stop production at F-150 plant in Michigan due to semiconductor chip shortage.

BAE Systems (BAESY) wins $600 million Air Force contract.

Walt Disney (DIS) gets a ratings upgrade from major ratings agency to stable for negative as vaccinations making progress.

NLRB reports Tesla (TSLA) fired a union activist. (Bloomberg)

Caterpillar (CAT) is first of probably many to announce shipment delays due to Suez Canal blockage.

Nio (NIO) stops assembly line for 5 days.

Dividend Raises: OXM (Reinstated) KBR 

Split Announcement: 

Raises Guidance: 

Lowers Guidance: 

Buyback Announcements: CEQP

Insider Purchases: We note CRTX has moderate short selling and is worth buying as shorts struggle. MRUS sees heavy shorts and they do well so we would avoid following the insider. Insider Action From The TradeXchange and Short Date From Erlanger Research. Through 3/24.

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

S&P 500 +11 Dow Jones Industrial Average +140 NASDAQ  -40 Russell 2000 +22  Fair values are mixed. Asia and Europe higher. VIX is at 22.21 from 23.05 this morning in futures. VIX closed at 19.81 from 21.20  and the three month futures at 23.37 from 24.40.

Gold lower with silver and copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is higher vs Euro, higher vs Pound and lower vs Yen. US 10 year Treasury price is at $131.75 from $132.19with the yield at 1.674% from  1.605%.  Bitcoin $53,323 @ $1260  +2.40%.

Positive Sectors On Thursday: Industrials, Real Estate and Financials.

Negative Sectors On Thursday: Communication Services and Energy 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.

Monday Before the Open: CALM of note.

Earnings This Morning Of Note:

Beats: none

Flat: none

Misses: none

Still to Report: none

Erlanger Research Advance/Decline Chart/Table –Updated through 3/25.  

Gap Ups & Down In Early Pre-Market:

Gap up:

NEXT +35%, TLS +15%, AWH +7%, ROOT +7%, CLDT +4%, PRGS +4%, CNHI +4%, CEQP +4%

Gap down:

SAIC -12%, VUZI -6%, ABR -4%

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

Stocks Making The Biggest Moves – RAD WBA DRI COHR RH KBH FUL PHG AMD     (CNBC)

Biggest Analyst Calls NFLX GPS GM GOOGL. (CNBC)

The large container ship remains stuck in the Suez Canal could take a week to free the ship. (Bloomberg)

Congress extends paycheck protection through the end of May. (Reuters)

Senate Majority Leader Schumer to draft legislation to counter Chinese actions. (Bloomberg)

Berkshire Hathaway (BRKB) to buy $8.3 billion of Texas Power plants. (WSJ)

Current through 3/25 close. Overall confidence remains at 53%.

Bold means a change from prior day.

3/24 results.

Geopolitical:

Press Briefing by White House COVID-19 Response Team and public health officials, The White House, 10:15 a.m. EDT

The President and The Vice President receive the President’s Daily Brief, Oval Office. 10:20 a.m. EDT

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

The President receives the Weekly Economic Briefing, Oval Office, 2:10 p.m. EDT

The President participates in a virtual fundraiser for Mayor Keisha Lance Bottoms, The White House, 3:00 p.m. EDT

The President departs the White House en route Wilmington, Delaware, South Lawn, 6:15 p.m. EDT

Economic:

February Personal Income is due out at 8:30 a.m. EDT and is expected to fall to -7% from 10%.

University of Michigan Consumer Sentiment (final) is due out at 10:00 a.m. EDT and is expected to rise to 83.6 from 83.

Meeting & Conferences of Note:

KDP  (Investor Meetings) BBI (Webcast)

Sellside Conferences:  Bank of America EMEO Real Estate CEO Conference (3/25-26) Wolfe Research Consumer Access Day (3/26)

Industry Conferences: Palm Beach International Boat Show (3/25-28)

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: 

Thursday’s 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.