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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 – 4/26/21: Stocks Mix As We Head Into A Federal Reserve Meeting Tuesday/Wednesday"

posted by CAPIS on 04/26/2021 at 7:26 am

by CAPIS

04/26/2021 at 7:26 am

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: none

Flat:  none

Misses: none

Capital Raises:

IPOs Priced or News:

New SPACs launched:

Secondaries Priced: None of note.

Notes Priced of note:of note.

Common Stock filings:0f note.

Selling Shareholders of note: TALO of note.

Private Placement of Public Entity (PIPE):

Mixed Shelf Offerings: CAN MBIO of note.

Convertible Offering & Notes Filed: None of note.

Note Offerings Filed: None of note.

Capital Raise Summary FromThe TradeXchange, bringing traders and investors real time news and Squawk Box, and other sources.

News After The Close:

The FDA and CDC moved to allow the return of the Johnson & Johnson (JNJ) with a warning label and some conditions on who should get the vaccine.

Amgen (AMGN) reports Otezla positive results in adults with mild to moderate plaque psoriasis.

Honda (HMC) to go all electric by 2040. (NPR)

Hawaiian Holdings (HA)Skywest (SKYW) and Delta Airlines (DAL) enter a new round of Payroll Support Program 3 Agreement. Skywest gets $250 million while Delta gets $3.1 billion. Hawaiian gets $179 million.

Barron’s is + on PRGO CNI LII NFLX SPG 

Japan locks down Toyko and other major cities over the spread of Covid-19.

After hour movers of note:

Index Changes:

Dividend Raises: HESM

Split Announcement:

Raises Guidance:

Lowers Guidance:

Stock 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 +0.50 Dow Jones Industrial Average +58 NASDAQ  -31 Russell 2000 +13.74  Fair values are mixed. Asia mixed and Europe mixed. VIX is at 20.25 from 20.88 this morning in futures. VIX closed at 17.33 from 18.71  and the three month futures is at 21.57 from 22.52.

Gold lower with silver and copper higher. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $132.20 from $132.63 with the yield at 1.549%.  Bitcoin $53904 from $49923.50 on Friday and this morning at $+4330 and 8.77% from Friday/Weekend.

Friday’s Action – 4/23.  All  equity indexes were lower.

Positive Sectors On Friday: Materials, Financials and Communication Services.

Negative Sectors On Friday:  Utilities.

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: TSLA, CNI, NXPI, CDNS, SBAC, AMP, ARE, SSNC, SUI, BRO, MASI, PKG, UHS, MKSI, AGNC of note.

Tuesday Before the Open: NVS, LLY, UPS, GE, RTX, MMM, BP, FISV, ABB, SHW, MMC, ECL, UBS, WM, ROP, MSCI, CNC, GLW, PCAR, ADM of note.

Earnings This Morning Of Note:

Beats: BOH +0.37, CBU +0.17, OTIS +0.09, FBP +0.08, CHKP +0.04, PHG, +0.02, NYCB +0.02

Flat:  DORM +0.00

Misses: none

Still to Report: ACI, LII

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 4/23.  

Gap Ups & Down In Early Pre-Market:

Gap up: AXSM +13%, SEAH +13%, IMNM +5%, CAN +4%, STPK +4%

Gap down: HARP -5%, PHG -3%, MBIO -3%, WATT -3%

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

Stocks making the biggest moves ACI OTIS JNJ AAPL CHKP (CNBC)

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

Covid Cases: Cases dropped to 52,653 from 60,947 a week ago. Dosing up to 42.42% of the population. 28.72% of population fully vaccinated. Deaths at 63. (CDC)

India had 350,000 new cases yesterday. Fifth straight day of record infections. (CNBC)

Senator Joe Manchin (D- WV) teams up with Senator Shelley Moore Capito (R-WV) that Biden Stimulus Plan is too big.  Capito plan is for $568 billion. (WSJ)

U.S. to send Covid-19 vaccine to India to combat their surge. (NYT)

Las Vegas casinos to go 80% on Saturday then 100% when 60% of country vaccinated.

Apple (AAPL) to spend $430 billion and create 20,000 jobs over the next five years. (CNBC)

73% of the U.S. population not vaccinated say they will not take the Johnson & Johnson (JNJ) vaccine. (The Washington Post)

Index Moving Averages: All indexes are now above their moving averages. 4/23 Close

Geopolitical:

The President receives the President’s Daily Brief, Oval Office, 9:50 a.m. EDT

Press Briefing by Press Secretary Jen Psaki and Director of the National Economic Council Brian Deese, James S. Brady Press Briefing Room, 12:00 p.m. EDT

President Biden is preparing for his speech to a joint session of Congress on Wednesday night.

Treasury Auction of $60 billion of 2 Year Notes and $62 billion of 5 Year Notes at 1:00 p.m. EDT.

Overnight the Bank of Japan (BOJ) will be out with its latest announcement.

Economic:

March Durable Orders are due out at 8:30 a.m. EDT and are expected to rise to 2.0% from -1.1% in February.

The latest NYSE and NASDQ Short Interest from March 29th through April 13th trade date and April 15th settlement date is due out after the close of trading. During this period the S&P 500 rose 4.29% while the Russell 2000 rose 3.25%. It will be interesting to see if we get covering from short sellers.

Meetings & Conferences of Note

VST (Conference Call)   IMAB (R&D Day)

Sellside Conferences: None of note

Industry Conferences: None of note

M&A Activity

New York Community Bank (NYCB)to buy Flagstar Bancorp (FBC) for $2.6 billion.

W.R. Grace (GRA) to be bought for $70 a share by Standard Industries.

Proofpoint (PFPT) to be bought by Thoma Bravo for $176 a share.

Upgrades & Downgrades of Note From Sellside Firms:

Friday Recommendations:

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