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"CAPIS Morning Note – 4/15/21: Stocks Rebound, Economic Data On Fire"

posted by CAPIS on 04/14/2021 at 5:50 pm

by CAPIS

04/14/2021 at 5:50 pm

Breaking News: 

Earnings Out After The Close Of Note:

Beats:  SJR +0.09

Flat: None

Misses: None

Capital Raises:

IPOs Priced or News: AppLovin (APP) priced at $80 mid range. (EBET) is priced at $6.

New SPACs launched:

Secondaries Priced: None of note.

Notes Priced of note: PSA RRD of note.

Common Stock filings: MAXN 0f note.

Direct Offering:

Selling Shareholders of note: None of note.

Private Placement of Public Entity (PIPE): 

Mixed Shelf Offerings: ALLE of note.

Convertible Offering & Notes Filed: GBX of note.

Note Offerings Filed: HROW 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:

Steve Madden (SHOO) buys back remainder of its European JV.

Pacira BioSciences (PCRX) sues American Society of Anesthesiologists over false and misleading comments on EXPAREL.

CoStar Group (CSGP) buys Homes.com for $156 million in cash.

Dell (DELL) to spin of remainder of VMware (VMW).

Perspecta (PRSP) wins $71 million  US Space Force contract.

CDC Panel postpones a decision on Johnson & Johnson (JNJ) Janssen vaccine , not ready to vote. (CNBC).

White House officials to testify before House on Thursday re vaccination efforts. (CNBC)

Novavax (NVAX) to participate in trials on Phase II trial other vaccines in a “mix and match” effort.

Barron’s reports that Pfizer (PFE) and Moderna (MRNA) vaccines also create blood clots. (Barron’s)

Index Changes: 

Dividend Raises: COST 

Split Announcement: 

Raises Guidance: AEO

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. At highs of the morning.

S&P 500 + Dow Jones Industrial Average + NASDAQ  + Russell 2000 + Fair values are mixed. Asia mixed and Europe lower. VIX is at 20.45 no change this morning in futures. VIX closed at $16.99 from $16.65 and the three month futures at 20.82.

Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $132.08 from $132.02 with the yield at 1.604% from 1.63% .  Bitcoin $62,678 from yesterday’s $ 64209.50 but this morning up $843 and +1.36%.

Wednesday’s Action – 4/14.  All asset classes were mixed to lower. 

Positive Sectors On Wednesday:  Energy, Materials and Financials.

Negative Sectors On Wednesday: Consumer Cyclical, Technology and Real Estate.

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: PPG, JBHT, WAL, AA, MRTN of note.

Friday Before the Open: MS, PNC, BK, STT, KSU, CFG, ALLY of note.

Earnings This Morning Of Note:

Beats: UNH +0.94, USB +0.51, BAC +0.24, RAD +0.21, CBSH +0.17, TSM +0.14, TFC +0.10, PEP +0.09

Flat:  none

Misses: BLK (0.47)

Still to Report: SCHW, C, DAL, HOMB, PGR

Still to Report:

Insider Purchases: Below is the list of insider buys from yesterday and this morning. Not shorts playing in stock where insiders are buying this morning. Insider Action From The TradeXchange and Short Data From Erlanger Research. Update 4/12. No changes day over day.

Erlanger Research Advance/Decline Chart/Table –Updated through 4/13.  

Gap Ups & Down In Early Pre-Market:

Gap up: APXT +16%, FSRV +10%, DELL +8%, IMUX +7%, AEO +6%, CMPR +6%

Gap down: MAXN -10%, GBX -4%

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

Stocks making the biggest moves: GS JPM JBLU. (CNBC)

5 Things To Know Before The Market Opens (CNBC)

Biggest Analyst Calls This Morning JBLU DIS AAPL COIN  (CNBC)

Biden Administration to announce new Russian sanctions due to their hacking. (NY Times)

There is no consensus in the Senate on how to counter China. (Politico)

Wisconsin Supreme Court shuts down Governor Tony Evers and limits his ability to limit capacity of businesses. A plus for the opening up trade. (The Hill)

Japan considers cancelling the Summer Olympics as Coronavirus cases rise. (Bloomberg)

Ford (F) makes more production cuts as chip shortages weigh on company. (Reuters)

Ark Investment (ARKA) bought $246 million of Coinbase (COIN) shares. (Reuters)

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. 4/14

4/8 results.

Geopolitical:

The President and The Vice President receive the President’s Daily Brief, Oval Office, 10:15 a.m. EDT

The President has lunch with The Vice President, Private Dining Room, 12:30 p.m. EDT

Press Briefing by Press Secretary Jen Psaki, 12:30 p.m. EDT

The President and The Vice President meet with the Congressional Asian Pacific American Caucus Executive Committee, Oval Office, 2:00 p.m. EDT

Federal Reserve Atlanta President Raphael Bostic  speaks at 11:30 a.m. EDT.

Federal Reserve San Francisco President Mary Daly  speaks at 2:00 p.m. EDT.

Federal Reserve Cleveland President Loretta Mester  speaks at 4:00 p.m. EDT.

Economic:

April Retail Sales are due out at 8:30 a.m. EDT and are expected to rise by 5.3% from -3.0%.

April Empire State Manufacturing is due out at 8:30 a.m. EDT and is expected to come in at 23 from 17.4.

April Philadelphia Fed Index is due out at 8:30 a.m. EDT and is expected to fall to 35 from 51.8.

Weekly Jobless Claims are due out at 8:30 a.m. EDT.

March Industrial Production is due out at 9:15 a.m. EDT and is expected to rise to 2.9% from -2.2%.

April NAHB Housing Index is due out at 10:00 a.m. EDT and is expected to rise to 84 from 82.

Weekly Natural Gas Inventories are due out at 10:30 a.m. EDT.

Meeting & Conferences of Note:

REVG ( Investor Meeting) REVG (Analyst Meeting) VLOWY (Webcast) CIEN VUZI (Corporate Event)

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

Industry Conferences: American Association for Cancer Research (AACR) Annual Meeting (4/10-4/15) Denver Gold Group World Gold Forum (4/13-15)

M&A Activity

Upgrades & Downgrades of Note From Sellside Firms:

Wednesday 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.