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Morning Note

"CAPIS Morning Note – 4/9/21 Stocks Mixed"

posted by CAPIS on 04/08/2021 at 11:12 am

by CAPIS

04/08/2021 at 11:12 am

Earnings Out After The Close Of Note:

Beats:  LEVI +0.10

Flat: none

Misses: PSMT (0.08), WDFC (0.08)  

Capital Raises:

IPOs Priced or News: Reneo Pharmaceuticals (RPHM) priced at $15 a share which is low end of the range. Rumble (RMBL) priced at $38 a share. VectivBio (VECT) priced at $17 which is mid point of the range.

New SPACs launched:

Secondaries Priced: UCTT LIZI UPST AMRS  of note.

Notes Priced of note: PRGS IEP  of note.

Common Stock filings: SWX 0f note.

Selling Shareholders of note: GSL ORTX  of note.

Private Placement of Public Entity (PIPE): NWSA

Mixed Shelf Offerings: ARPO LNSR of note.

Convertible Offering & Notes Filed: None of note.

Note Offerings Filed: 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:

Provention Bio (PRVB) reported that the FDA found deficiencies in BLA application for Teplizumab in treating clinical Type 1 Diabetes.

Tyson (TSN) opens new $425 million poultry complex in Tennessee.

Dolphin Entertainment (DLPN) reports accounting irregularities.

NASDAQ U.S. Equity Options volume in March was 315 million contracts up from 284 in February and 205  million in March of 2020.

Southwest Airlines (LUV) rehires 2,700 flight attendants to support summer travel.

Index Changes: 

Dividend Raises: LEVI

Split Announcement: 

Raises Guidance: SMG

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 -2 Dow Jones Industrial Average +45 NASDAQ  -78 Russell 2000 +5.70 Fair values are mixed. Asia mixed and Europe mixed. VIX is at 18.50 from 18.55, yesterday, this morning in futures. VIX closed at 16.95  from 17.16 and the three month futures at 20.59 from 20.66.

Gold, silver and copper lower. 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 $131.64 from $131.86 with the yield at 1.673% from 1.663%  Bitcoin $ 58,621.63 this morning up $838.91 and +1.46%.

Yesterday’s Action – 4/8

Positive Sectors On Thursday:  Technology, Consumer Cyclical and Materials.

Negative Sectors On Thursday: Energy and Real Estate 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: APHA of note.

 Earnings This Morning Of Note:

Beats: none

Flat:  none

Misses: none

Still to Report: JKS

Insider Purchases: Below is the list of insider buys from yesterday and this morning. We note  CNBKA short sellers got crushed yesterday when the bank received a a takeover bid. Game over. Insider Action From The TradeXchange and Short Data From Erlanger Research.

Erlanger Research Advance/Decline Chart/Table –Updated through 4/8.  

Gap Ups & Down In Early Pre-Market:

Gap up: CELC +27%, AFMD +15%, GLSI +14%, TXMD +13%, FUBO +6%, SUNW +6%, TRQ +6%, LEVI +5%, UPST +4%

Gap down: PRVB -40%, WDFC -8%, GSL -6%, DLPN -5%, SNDX -5%

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

Stocks making the biggest moves: LEVI FUBO WDFC  of note. (CNBC)

5 Things To Know Before The Market Opens (CNBC)

Biggest Analyst Calls This Morning AAPL GE WDC JPM HON (CNBC)

President Biden proposes defense spending of $719 billion in first budget. (Bloomberg)

Amazon (AMZN) withstands union vote in Alabama. (WSJ)

Johnson & Johnson (JNJ) seeing some adverse reaction to vaccine in North Carolina and Colorado. (ABC News)

Florida sues CDC to allow cruiselines to be held to same standard as airlines. (CNBC)

Bold means a change from prior day.

4/8 results.

Geopolitical:

The President and The Vice President receive the President’s Daily Brief, Oval Office, 9:50 a.m. EDT

Press Briefing by White House COVID-19 Response Team and public health officials, James S. Brady Press Briefing Room, 11:00 a.m. EDT

Press Briefing by Press Secretary Jen Psaki and Secretary of Transportation Pete Buttigieg, The White House, 12:30 p.m. EDT

The President and The Vice President receive the Weekly Economic Briefing, Oval Office, 2:45 p.m. EDT

Federal Reserve Vice Chairman Richard Clarida appeared on Bloomberg Intelligence at 8:00 a.m. EDT.

Economic:

March PPI is due out at 8:30 a.m. EDT and is expected to remain at 0.2%.

Meeting & Conferences of Note:

PFE  ( Investor Meeting) PFE  (Analyst Day)  FDX (Update)

Sellside Conferences: None of note

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

Sunworks (SUNW) to buy Solcius for $51.8 million.

Upgrades & Downgrades of Note From Sellside Firms:

Thursday Recommendations:

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