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05.17.2021 13 new Morning Note posts under Morning Note (10), CAPIS Insights (2), General (1)

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"CAPIS Morning Note – 4/12/21: Economy At Inflexion Point, Chairman Powell"

posted by CAPIS on 04/11/2021 at 9:41 pm

by CAPIS

04/11/2021 at 9:41 pm

Breaking News: Microsoft (MSFT) to Buy Nuance Communications (NUAN) for $56 a share.

Earnings Out After The Close Of Note:

Beats:  None

Flat: None

Misses: None 

Capital Raises:

IPOs Priced or News: Honest (HNST) files to go public. Didi Chuxing files for IPO. The Uber of China.

New SPACs launched:

Secondaries Priced:  None of note.

Notes Priced of note: None of note.

Common Stock filings: None 0f note.

Selling Shareholders of note: REVG INMB UBER SRNE of note.

Private Placement of Public Entity (PIPE): 

Mixed Shelf Offerings: BLK OLB  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:

McGrath RentCorp (MGRC) buys Kitchens To Go, no terms.

Alamos (AGI) buys 15.9 million common share of Manitou Gold at $0.08.

Aramco to sell 49% in oil pipelines to international consortium. (WSJ)

Raytheon (RTX) CFO Anthony O’Brien and names Neil Mitchill as replacement, upos Q1 EPS guidance.

Barron’s + on GS AFRM BWA IIVI  and – on CS  with mixed thoughts on cruise stocks.

Index Changes: 

Dividend Raises:

Split Announcement: 

Raises Guidance: 

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 -7 Dow Jones Industrial Average -60 NASDAQ  -37 Russell 2000 +3.13 Fair values are mixed. Asia lower and Europe mixed. VIX is at 18.55 from 18.50, yesterday, this morning in futures. VIX closed at 16.69 from 16.95  and the three month futures at 20.74 from 20.59.

Gold, silver and copper lower. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $131.70 from $131.64 with the yield at 1.673% unchanged.  Bitcoin $ 60306.13 this morning up $589 and +0.99%.

Friday’s Action – 4/9. Despite PPI coming in at 1.0% Gold via GLD and other Commodities failed to rally. Pay attention to that trend. 

Positive Sectors On Friday:  Industrials, Healthcare and Technology.

Negative Sectors On Friday: Energy, Consumer Defensive and Materials 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.

Tuesday Before the Open: FAST of note.

Earnings This Morning Of Note:

Beats: none

Flat:  none

Misses: none

Still to Report: APHA

Insider Purchases: Below is the list of insider buys from yesterday and this morning. We note no stocks with insider buying sees excess short interest. Insider Action From The TradeXchange and Short Data From Erlanger Research. Update 4/12

Erlanger Research Advance/Decline Chart/Table –Updated through 4/9.  

Gap Ups & Down In Early Pre-Market:

Gap up: PHIO +9%, BABA +6%, CRDF +6%, SYBX +5%, SPPI +5%, TCRR +4%, NCNA +4%, GLYC +4%

Gap down: GLSI -9%, INMB -6%

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

Stocks making the biggest moves: UBER BABA NUAN. (CNBC)

5 Things To Know Before The Market Opens (CNBC)

Biggest Analyst Calls This Morning HD QCOM NFLX (CNBC)

Federal Reserve Chairman Powell is interviewed on CBS 60 Minutes last night and said we are at an inflexion point. (Axios)

General Motors (GM) reduces overtime due to chip shortage. (CNBC)

Chip shortage hits Apple (AAPL) iPad production. (Bloomberg)

Alibaba (BABA) hit with $2.8 billion Antitrust fine. (FT)

Uber (UBER) had its strongest month in company history.

Index Moving Averages: The Russell 2000 broke back below its 5 and 20 day moving averages despite the other indexes breaking out to new highs. 4/9

4/8 results.

Geopolitical:

The President receives the President’s Daily Brief, Oval Office, 10:00 a.m. EDT
Press Briefing by White House COVID-19 Response Team and public health officials, The White House, 11:00 a.m. EDT
The President briefly joins the virtual CEO Summit on Semiconductor and Supply Chain Resilience; National Security Advisor Jake Sullivan, National Economic Council Director Brian Deese, and the Secretary of Commerce also attend Roosevelt Room, 12:00 p.m. EDT
Press Briefing by Press Secretary Jen Psaki, James S. Brady Press Briefing Room, 12:15 p.m. EDT
The President and The Vice President meet with a bipartisan group of Members of Congress to discuss the American Jobs Plan, Oval Office, 1:45 p.m. EDT
Federal Reserve Boston President Eric Rosengren will speak at 1:00 p.m. EDT.
Economic:

March Treasury Budget is out at 2:00 p.m. EDT and came in last month at $-118.9 billion with expectations of $-659 billion.

Meeting & Conferences of Note:

SIG ZUO NVDA OTCM BPMC ( Investor Meeting)  TELA ONCY INCY (Webcast)

Sellside Conferences: Needham Annual Healthcare Conference (4/12-15)

Industry Conferences: None of note.

M&A Activity

Microsoft (MSFT) to Buy Nuance Communications (NUAN) for $56 a share.

Upgrades & Downgrades of Note From Sellside Firms:

Friday Recommendations:

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