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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 4/6/21: Stocks Mixed But Off Lows, FOMC Minutes Out at 2:00 P.M. EDT"

posted by CAPIS on 04/06/2021 at 7:37 am

by CAPIS

04/06/2021 at 7:37 am

Breaking News: Crypto  market above $2 trillion.

Earnings Out After The Close Of Note:

Beats:  DCT +0.04

Flat: None

Misses: None

 Capital Raises:

IPOs Priced or News: 

New SPACs launched: Lamar Advertising (LAMR) launches SPAC to be called Lamar Partnering Corporation. TOPPS  will go public through SPAC merger with Mudrick Capital Acquisition Corporation II (MUDS).

Secondaries Priced:  None of note.

Notes Priced of note: None of note.

Common Stock filings:  ARES UCTT NTST  0f note.

Selling Shareholders of note:  USAT MRVI  of note.

Private Placement of Public Entity (PIPE): MUDS for acquisition of TOPPS.

Mixed Shelf Offerings: UCTT USAT FRST NBR  of note.

Convertible Offering & Notes Filed: VRNT 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:

Softbank (SFTBY) takes a 40% stake in AutoStore for $2.8 billion.

S&P 600 adds CARA replacing MTSC that is being acquired.

Exxon (XOM) file lawsuit against Energy Transfer over disputed payments. (Reuters)

Credit Suisse (CS) to take a $4.7 billion loss.

Dividend Raises: LNN ICAD 

Split Announcement: 

Raises Guidance: MRVI ILMN 

Lowers Guidance: 

Buyback Announcements: 

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

S&P 500 -8 Dow Jones Industrial Average -69 NASDAQ  -7 Russell 2000 +3  Fair values are mixed. Asia mixed and Europe higher. VIX is at 19.46 from 19.45 yesterday this morning in futures. VIX closed at 17.91 from 17.30 and the three month futures at 20.96 from 20.97.

Gold and silver higher with copper lower. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, higher vs Pound and lower vs Yen. US 10 year Treasury price is at $131.34 from $130.95  with the yield at 1.698% from 1.725%.  Bitcoin $58,694.86 @ $-260  -0.44%.

Positive Sectors On Monday:  Communication Services, Materials and Technology.

Negative Sectors On Monday: 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: PACW, SGH of note.

Wednesday Before the Open: RPM, LW, MSM, SMPL of note.

Earnings This Morning Of Note:

Beats: LNN +0.22, GBX +0.09

Flat: none

Misses: none

Still to Report: PAYX

Insider Purchases: Below is the list of insider buys from yesterday. We note one name having moderate short selling. Insider Action From The TradeXchange and Short Date From Erlanger Research.

Erlanger Research Advance/Decline Chart/Table –Updated through 4/5.  

Gap Ups & Down In Early Pre-Market:

Gap up:

CARA +12%, ILMN +9%, SPNE +5%, DCT +4%

Gap down:

ARES -8%, UCTT -6%, TPTX -6%, BCEI -5%

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

Senate Parliamentarian rules that Democrats can pass two more legislative action for infrastructure along party lines. (The Hill)

President Biden moves up deadline for all adults to be eligible for Covid-19 vaccine to 4/19. (CNN)

Businesses are moving back to no mask mandate and 19 states have removed mask mandate. (NY Times)

Senate Democrats are split over infrastructure bill with Senator Joe Manchin (D- WV) against with tax increase and progressives want more than in plan. (The Washington Post)

Vietnam allows Boeing (BA) 737 Max to enter country again. (Reuters)

Catalent (CLNT) reaches deal with Moderna (MRNA) to double production at Bloomington, IN plant. (WSJ)

Bold means a change from prior day.

4/5 results.

Geopolitical:

The President receives the President’s Daily Brief, Oval Office, 10:30 a.m. EDT

Press Briefing by Press Secretary Jen Psaki, 12:00 p.m. EDT

The President visits a vaccination site, Virginia Theological Seminary, 1:45 p.m. EDT

The President delivers remarks on the state of vaccinations, State Dining Room, 3:45 p.m. EDT

RBA interest rate decision was out overnight and maintained current levels.

Economic:

China Services PMI was out overnight and rose to 54.3 from 51.5 overnight.

API Petroleum Institute Data is due out at 4:30 p.m. EDT.

Meeting & Conferences of Note:

AMAT CPST OKTA  ( Investor Meeting) GM (Conference Call) VYNT (Webinar) NTSFF VBLT  (Update)

Sellside Conferences: Wells Fargo Biotech Corporate Access Days (4/6-8) Mizuho Annual Healthcare REIT Conference (4/6) Morgan Stanley Triple Net REIT Days (4/6-8) Cowen Consumer Platforms for the Next Generation Summit 94/6)

Industry Conferences: American Chemical Society Spring Virtual Meeting (4/5-10) Alliance for Regenerative Medicine Cell & Gene Meeting on the Mediterranean (4/6-9)

M&A Activity

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