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

Morning Note

News

Morning Note

"CAPIS Morning Note – 4/23/21: Futures Break 4 Day Losing Streak As Futures In The Green"

posted by CAPIS on 04/22/2021 at 7:21 pm

by CAPIS

04/22/2021 at 7:21 pm

Quick Note: Most links have been taken out today to see if our delivery time is improved. We will keep you posted on this development.

Earnings Of Note After The Close:

Beats: SIVB +3.42, SAM +2.49, CSL +0.78, BJRI +0.66, ABCB +0.53, WSFS +0.50, HTH +0.49, CE +0.46, WWE +0.32, OZK +0.28, INTC +0.25, MAT +0.24, ASB +0.23, SKX +0.22, STX +0.17, NBHC +0.16, GBCI +0.12, EIG +0.11, CAMP +0.09, VICR +0.06, SNAP +0.05, KN +0.04, FFIN +0.03, BOOM +0.03, PBCT +0.03, FFBC +0.02

Flat: FE +0.00, VRSN +0.00

Misses: none

Capital Raises:

IPOs Priced or News:  Rain Therapeutics (RAIN) priced at $17 mid range. Latham Group (SWIM) priced at $19 at low end of range. Treace Medical Concepts (TMCI) priced at $17 at high end of range. Agiliti (AGTI) priced at $14 a share below range.

New SPACs launched:

Secondaries Priced: None of note.

Notes Priced of note:  JAZZ of note.

Common Stock filings:  ASUR CNET EDAP TGAN 0f note.

Selling Shareholders of note: CDXC of note.

Private Placement of Public Entity (PIPE): 

Mixed Shelf Offerings: MSON XEL  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:

New York Covid-19 positivity rate at 2.14% the lowest since Nov 5th.

California to ban new fracking permits. (Politico)

Maintenance margins raised on Corn to $1,700 from $1,500.

Delta (DAL) to buy 25 A321nep Aircraft from Airbus (EADSY).

Skyworks S0lutions (SWKS) to buy Silicon Labs (SLAB) Infrastructure & Automotive  business units for $2.75 billion in cash.

Goldman Sachs thinks the long term capital gains rate goes to 28% from 15%, roughly half way to proposed 43.4%.

After hour movers of note: MAT +7.5%, SKX +7.3%, SAM +6.8% SNAP 4.6% and lower -2.8% INTC, -2.5% STX.

Index Changes: 

Dividend Raises: PH AGCO (special) 

Split Announcement: 

Raises Guidance: SKX

Lowers Guidance: INTC SNAP 

Buyback Announcements: CIVB AGCO

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 +9 Dow Jones Industrial Average +24 NASDAQ  +27 Russell 2000 +19  Fair values are mixed. Asia mixed and Europe lower. VIX is at 20.88 from 20 this morning in futures. VIX closed at 18.71 from 17.50 and the three month futures is at 22.52 from 21.49.

Gold, silver  and copper higher. 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 $132.63 from $132.54 with the yield at 1.549% from 1.559%.  Bitcoin $49923.50 from $54,874 and this morning at $-3148.19 and -5.93% from yesterday.

Thursday’s Action – 4/22.  All  equity indexes were lower.

Positive Sectors On Thursday: None.

Negative Sectors On Wednesday:  All led on the downside by Materials, 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: none of note.

Monday Before the Open: PHG, OTIS, CHKP, LII, ACI, TCF, AMG, CBU, BOH, DORM, FBP, EGOV of note.

Earnings This Morning Of Note:

Beats: AXP +1.26, SBSI +0.35, ALV +0.32, RF +0.16, HON +0.13, AZZ +0.06, SXT +0.03, SLB +0.03

Flat:  none

Misses: USBI (0.29), KMB (0.14)

Still to Report: FHB, GNTX

Insider Purchases: Below is the list of insider buys from yesterday and this morning. SNDX sees insider action BUT the short sellers typically wrong but so far right so we would be a buyer. Insider Action From The TradeXchange and Short Data From Erlanger Research. Update 4/22.

Erlanger Research Advance/Decline Chart/Table –Updated through 4/22.  

Gap Ups & Down In Early Pre-Market:

Gap up: SLAB +14%, EBSB +12%, SKX +10%, SAM +7%, ABCB +5%, SNAP +5%, MAT +5%, ALV +5%, SD +5%, DMTK +5%, RF +5%, BJRI +4%, VICR +4%, HTH +4%, SIVB +4%

Gap down: QDEL -15%, EDAP -14%, THC -7%, INTC -3%

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

Stocks making the biggest moves KMB SAM MAT AXP HON SLB INTC SNAP STX SKLZ (CNBC)

5 Things To Know before the market opens. (CNBC)

Covid Cases: cases dropped to 62,827 from 73,622 a week ago. Dosing up to 41.15% of the population. 27.4% of population fully vaccinated. Deaths at 875. (CDC)

Healthcare Officials believe the hold on the Johnson & Johnson (JNJ) vaccine will be removed in FDA/CDC meeting (see Meetings below).

However, White House officials have written off the JNJ vaccine due to production issues. (Politico)

Chinese Central Bank wants control of Ant Financial Data. (FT)

SpaceX launches crew to the Space Station last night. (NYT)

TSMC to expand 28 nanometer production. (Digitimes)

Amazon (AMZN) executives are leaving the company. (Business Insider)

Robinhood Snacks features Southwest Airlines (LUV) back to profitability and Nestle (NSRGY) kills it in the kitchen.

Bitcoin sees $200 billion wipe out with price under $50,000. (CNBC)

Index Moving Averages: All indexes are now above their moving averages. 4/22 Close

Geopolitical:

The President delivers remarks and participates in the virtual Leaders Summit on Climate Session 5:The Economic Opportunities of Climate Action, East Room, 9:15 a.m. EDT

The President receives the President’s Daily Brief, Oval Office, 11:00 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 receives the Weekly Economic Briefing, Oval Office, 1:45 p.m. EDT

The President participates in a virtual U.S. Department of Defense Senior Leaders Conference, Situation Room, 2:45 p.m. EDT

Press Briefing by Press Secretary Jen Psaki and Secretary of the Interior Deb Haaland, James S. Brady Press Briefing Room, 11:30 p.m. EDT

 Economic:

March New Home Sales are due out at 10:00 a.m. EDT and is expected to rise to 912,000 from 775,000.

Meetings & Conferences of Note

COTY  (Update) IONS PULM (Webcast)

Sellside Conferences: Kempen Life Sciences Conference.

Industry Conferences: American Academy of Dermatology (4/23-4/25). FDA & CDC meet at 2:00 p.m. EDT to decide the fate of the Johnson & Johnson (JNJ) Janssen vaccine.

M&A Activity

Skyworks S0lutions (SWKS) to buy Silicon Labs (SLAB) Infrastructure & Automotive  business units for $2.75 billion in cash.

Sun Life (SLF) to buy Pinnacle Care Ltd (privately held) for $85 million.

Upgrades & Downgrades of Note From Sellside Firms:

Thursday 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.