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Morning Note

"CAPIS Morning Note – 4/19/21: Stocks Start The Week Lower"

posted by CAPIS on 04/19/2021 at 7:42 am

by CAPIS

04/19/2021 at 7:42 am

Breaking News: 

Earnings Of Note After The Close:

Beats:  None

Flat: None

Misses: None

Capital Raises:

IPOs Priced or News: 

New SPACs launched:

Secondaries Priced: None of note.

Notes Priced of note:  COTY of note.

Common Stock filings: EYEG 0f note.

Selling Shareholders of note: None of note.

Private Placement of Public Entity (PIPE): 

Mixed Shelf Offerings:  SLS 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:

Hartford Financial (HIG) to pay out $650 million over Boy Scouts of America on sexual abuse claims.

Boeing (BA) reports electrical issues with the 737 Max on possible grounding problems on the flight deck.

Allegheny Technology (ATI) sees the United Steelworkers propose return to in person negotiations with the company.

Gamestop (GME) to hire a new CEO when George Sherman steps down  on July 31st.

Peleton (PTON) to challenge consumer product safety commission claims.

Barron’s + on DIS PETQ COIN C AMZN CHPT. 

Index Changes: 

Dividend Raises: 

Split Announcement: 

Raises Guidance: GBL 

Lowers Guidance: 

Buyback Announcements: HONE 

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 -11 Dow Jones Industrial Average -66 NASDAQ  -68 Russell 2000 -10 Fair values are mixed. Asia higher and Europe mixed. VIX is at 20.03 from 20.45 this morning in futures. VIX closed at $16.25 from $16.57 and the three month futures at from 20.76 .

Gold and silver lower with copper higher. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $132.34 from $132.53 with the yield at 1.587% from 1.604%.  Bitcoin $57,100 from Friday’s $ 62678 but this morning up $1324 and +2.37% from a weekend of selling.

Friday’s Action – 4/16.  All  equity asset classes were higher while Treasuries sold off.

Positive Sectors On Friday:  Materials, Consumer Defensive and Utilities.

Negative Sectors On Friday:  Energy and Technology.

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: IBM, UAL, CCK, ELS, STLD, ZION, PNFP, ACC, HXL, WTFC, FNB of note.

Tuesday Before the Open: JNJ, PG, ABT, PM, LMT, TRV, FITB, EDU, NTRS, DOV, KEY, OMC, CMA of note.

Earnings This Morning Of Note:

Beats: HOG +0.78, MTB +0.37, WBS +0.35, STL +0.06, KO +0.05

Flat:  none

Misses: none

Still to Report: ONB, PLD

Insider Purchases: Below is the list of insider buys from yesterday and this morning. No shorts present today in where insider buying took place. Insider Action From The TradeXchange and Short Data From Erlanger Research. Update 4/19.

Erlanger Research Advance/Decline Chart/Table –Updated through 4/16.  

Gap Ups & Down In Early Pre-Market:

Gap up: CLNE +11%, KZIA +11%, PETQ +8%, XBIT +7%, HOG +7%, MANU +6%, GME +6%, MILE +5%

Gap down: PTON -6% 

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

Stocks making the biggest moves MS RUN CSCO PNC CMCSA SPG BK UAL COIN: (CNBC)

Biggest Analyst Calls This Morning UAL COIN ROKOU MSFT DIS  (CNBC)

Dr. Fauci sees CDC and FDA to issue a going forward on Johnson & Johnson (JNJ) Covid-19 vaccine which may include a warning or limited usage. (NBC)

President Biden in no rush to end the steel tariffs. (The Washington Post)

WSJ discusses a cautious view on Netflix (NFLX). (WSJ)

Israel removes mask mandate after 80% of the population vaccinated. (Fox)

Tesla (TSLA) driverless car crashed and killed two people. (WSJ)

Facebook (FB) to compete with Clubhouse and offer a suite of competing products.

Index Moving Averages: All indexes are now above their moving averages. 4/16 Close

4/8 results.

Geopolitical:

The President receives 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, The White House, 10:30 a.m. EDT

Press Briefing by Press Secretary Jen Psaki, James S. Brady Press Briefing Room, 12:15 p.m. EDT

The President meets with a bipartisan group of Members of Congress to discuss historic investments in the American Jobs Plan, Oval Office, 1:15 p.m. EDT

Economic:

None of note today.

(Update) (Conference Call)  (Webcast)

Sellside Conferences: BMO BioPharma: Technology Enabled Drug Discovery (4/16).

Industry Conferences: The World Congress of Nephrology (4/15-4/19)

M&A Activity

Upgrades & Downgrades of Note From Sellside Firms:

Friday Recommendations:

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