Earnings Of Note After The Close:
Beats: ISRG +0.86, NFLX +0.81, THC +0.61, HWC +0.25, WRB +0.24, IBKR +0.23, UCBI +0.19, FULT +0.09, EW +0.06, LRN +0.03
Flat: FMBI +0.00
Misses: CSX (0.05)
IPOs Priced or News: UiPath (PATH) priced at $56 per share.
New SPACs launched:
Secondaries Priced: ZLAB FUTU of note.
Notes Priced of note: None of note.
Common Stock filings: CMCO 0f note.
Selling Shareholders of note: None of note.
Private Placement of Public Entity (PIPE):
Mixed Shelf Offerings: WHR CPSH TRVG AXON BRG 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:
Lead Story After The Close: Derek Chauvin found guilty on all charges in George Floyd Trial.
Netflix (NFLX) missed on subscriber adds with 3.98 million versus guidance of 6 million.
Marvel (MRVL) complete purchase of Inphi (IPHI).
GOP Senators want to use money from PPP that was not spent for infrastructure.
Facebook (FB) trying to “normalize” large scale scraping of user data from social networks is common. (Vice)
Northrop Grumman (NOC) wins $2.3 billion Air Force contract.
Boeing (BA) wins a $440 million Army contract.
Dividend Raises: WES PFC LAD
Raises Guidance: ASML
Buyback Announcements: LDL
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 -7 Dow Jones Industrial Average -35 NASDAQ -56 Russell 2000 +4 Fair values are mixed. Asia lower and Europe mixed. VIX is at 21.25 from 20.93 this morning in futures. VIX closed at 18.68 from 17.29 and the three month futures is at 21.37.
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 $132.45 from $132.28 with the yield at 1.564% from 1.592%. Bitcoin $55,279 from Tuesday’s $57,100 but this morning at $-1204.10 and -2.13% from yesterday.
Monday’s Action – 4/20. All equity asset classes were lower and Treasuries sold off as did Gold.
Positive Sectors On Tuesday: Utilities, Real Estate and Consumer Defensive.
Negative Sectors On Tuesday: Energy, Financials and Consumer Cyclicals.
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: LRCX, CCI, CP, LVS, CMG, KMI, DFS, EFX, XM, WHR, FNF, GGG, GL, RHI of note.
Thursday Before the Open: T, DHR, SAP, UNP, BX, HCA, FCX, DOW, AEP, BIIB, IQV, LUV, TAL, DHI, VLO, ODFL, NUE, TSCO of note.
Earnings This Morning Of Note:
Beats: NEP +2.33, LAD +1.16, ASML +0.62, ANTM +0.57, SBNY +0.43, NDAQ +0.33, FCFS +0.17, FHN +0.13, RCI +0.10, NEE +0.09, TEL +0.09, HCSG +0.06, VZ +.03, HAL +0.02, BKR +0.01
Misses: ERIC (0.06)
Still to Report: BOKF, KNX, NVR
Erlanger Research Advance/Decline Chart/Table –Updated through 4/20.
Gap Ups & Down In Early Pre-Market:
Gap up: KIN +5%, ISRG +5%, LAD +4%, EW +4%, ASML +4%, HWC +4%
Gap down: NOTV -16%, NFLX -8%
Rags & Mags: Highlighted Stories may be clicked through to the original story.
Chinese President Xi to speak at a U.S. led Summit on Climate Change.
Facebook (FB) warns that Apple (AAPL) Ad Changes impact developers.
Index Moving Averages: All indexes are now above their moving averages. 4/20 Close
The President receives the President’s Daily Brief, Oval Office, 9:50 a.m. EDT
Press Briefing by Press Secretary Jen Psaki, James S. Brady Press Briefing Room, 12:15 p.m. EDT
The President delivers remarks on the COVID-19 response and the state of vaccinations, South Court Auditorium, 1:15 p.m. EDT
$24 billion 20 Year Treasury Bond Auction at 1:00 p.m. EDT.
Apple (AAPL) and Google (GOOGL) to the Hill to testify on app store competition issues at 2:30. (Bloomberg)
Weekly Mortgage Applications were out at 7:00 a.m. EDT and rose 8.6%.
Weekly Crude Oil Inventories are out at 10:30 a.m. EDT.
Meetings & Conferences of Note
MGM EVGN (Investor Meeting) EVGN (Analyst Meeting) HPE IRCP (Webcast)
Sellside Conferences: None of note.
Industry Conferences: None of note.
Upgrades & Downgrades of Note From Sellside Firms: