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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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Morning Note

"CAPIS Morning Note – 4/29/21: Stocks Ripping On Earnings, GDP Up 6.4% in Q1"

posted by CAPIS on 04/29/2021 at 7:23 am

by CAPIS

04/29/2021 at 7:23 am

Earnings Of Note After The Close:

Beats: EQIX +2.46, ORLY +1.82, FB +0.98, MUSA +0.93, MTH +0.92, MOH +0.78, F +0.76, SSB +0.72, TDOC +0.70, SIGI +0.65, CLR +0.55, MYRG +0.52, ALGN +0.51, RJF +0.51, CYH +0.45, AAPL +0.42, URI +0.41, PTC +0.38, RE +0.37, LC +0.34, MTDR +0.33, AFL +0.32, HNI +0.27, ATUS +0.27, CAKE +0.26, AR +0.25, NGVT +0.24, FIX +0.23, QCOM +0.23, MC +0.21, CINF +0.20, CCOI +0.20, CNMD +0.19, AVT +0.18, MGM +0.18, PEGA +0.17, NOW +0.17, TROX +0.16, ECHO +0.13, PI +0.13, IR +0.12, PSA +0.12, AMED +0.11, TWOU +0.11, WH +0.11, OII +0.10, TYL +0.10, VVV +0.09, SRI +0.09, AVTR +0.08, NTB +0.08, TTEK +0.08, ALSN +0.07, LOGI +0.07, UCTT +0.07, PPC +0.07, BLKB +0.06, CNO +0.06, WELL +0.06, ESI +0.06, MXL +0.05, BCOV +0.05, ASGN +0.05, WRE +0.04, MEOH +0.03, CHX +0.03, NLY +0.03, ISBC +0.03, INVH +0.03, OI +0.03, WCN +0.03, MAA +0.03, CONE +0.02, EBAY +0.02, EXR +0.02, INOV +0.02, PRAH +0.02, WERN +0.02, CLS +0.02, AVB +0.01, OIS +0.01, PGRE +0.01, PDM +0.01, BHE +0.01

 Flat:  CREE +0.00, DRE +0.00, FORM +0.00, TTMI +0.00

 Misses: RNR (4.12), GRUB (0.59), ASH (0.20), EEFT (0.19), KALU (0.16), AXS (0.11), AZPN (0.06), MGRC (0.06), AM (0.02), HOLX (0.02), MSA (0.02), AGI (0.02), AUY (0.02), CDE (0.01), KRC (0.01)

Capital Raises:

IPOs Priced or News: Aveanna (AVAH) priced at $12 a share below the range. EDR priced at $24.

New SPACs launched:

Secondaries Priced: ALDX FAMI  HYFM PQG  of note.

Notes Priced of note:  SAVE of note.

Common Stock filings: OMF CMCO 0f note.

Selling Shareholders of note:  RLAY PLBY of note.

Private Placement of Public Entity (PIPE):

Mixed Shelf Offerings: ACIU NOW POAI 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:

Align Tech (ALGN) and DECA Dental Group extend relationship and signed a new multi-year agreement through early 2025.

Ford (F) sees chip shortage impacting 50% of Q2 production.

Apple (AAPL) does not provide any Q3 revenue or gross margin guidance.

Verizon (VZ) may sell Yahoo and AOL. (WSJ)

Amazon (AMZN) raises pay from $0.50 to $3.00 an hour starting in mid May.

After Hours: + FB 6%, QCOM +5% and – NOW -7% EBAY -6% F -3%.

Dividend Raises: AAPL HUN CLR (Reinstated) POR

Split Announcement:

Raises Guidance: ALGN MXL ORLY  PTC QCOM TDOC 

Lowers Guidance: HOLX FB FORM 

Buyback Announcements: AAPL FLWS

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 +29 Dow Jones Industrial Average +151 NASDAQ  +150 Russell 2000 +21 Fair values are mixed. Asia higher and Europe mixed. VIX is at 19.30 from 19.65  this morning in futures. VIX closed at 17.28 from 17.56.

Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is lower. $ is higher vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $131.81 from $131.91 with the yield at 1.659% from 1.63%.  Bitcoin $54,431 from $55,050 and this morning at -$585 and -1.06% from yesterday.

Wednesday’s Action – 4/28.  All  equity indexes were lower.

Positive Sectors On Wednesday: Energy, Communication Services and Utilities.

Negative Sectors On Wednesday: Technology, Real Estate and Industrials.

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: AMZN, GILD, TEAM, NIO, TWTR, VRTX, KLAC, DLR, DXCM, FTNT, SWKS, RMD, SGEN, AJG, FTV, WDC, VICI, BIO, ZEN, EMN, AEM, BMRN, MHK of note.

Friday Before the Open: XOM, CVX, ABBV, CHTR, AZN, ITW, CL, AON, JCI, LHX, LYB, PSX, QSR, WY, CLX, GWW, IMO, MGP, WPC, NWL, CBOE, HRC, PSXP, HUN of note.

Earnings This Morning Of Note:

Beats: COOP +3.56, ADS +2.65, LH +1.36, MDP +1.26, GPI +1.22, NOC +1.12, CAT +0.99, ATKR +0.99, AGCO +0.89, BC +0.80, WST +0.62, TMO +0.56, FCN +0.55, GNRC +0.53, OSTK +0.52, TFX +0.44, SPGI +0.41, RLGY +0.41, PH +0.40, BLMN +0.40, THRM +0.39, WLTW +0.37, AIT +0.35, SAH +0.35, LKQ +0.31, TREE +0.30, PRG +0.30, EME +0.26, VC +0.24, MTRN +0.22, TXT +0.21, CBZ +0.20, ATI +0.19, CBRE +0.19, AMT +0.18, CMCSA +0.18, EXLS +0.18, WEX +0.17, TRTN +0.17, SO +0.16, DISH +0.15, TPX +0.14, TROW +0.14, KHC +0.12, BAX +0.12, IP +0.12, HSY +0.12, MCD +0.12, ABMD +0.11, FLWS +0.11, CARR +0.11, SRCL +0.11, JHG +0.11, ICE +0.10, AIMC +0.10, CNX +0.09, NVT +0.09, MDC +0.08, CG +0.08, XEL +0.07, AMRN +0.07, TW +0.07, CTS +0.07, COR +0.07, DPZ +0.07, SYNH +0.05, AB +0.05, IDA +0.05, CFX +0.05, MTSI +0.04, KIM +0.03, AOS +0.03, WAB +0.03, MO +0.03, HGV +0.02, CHD +0.02, KDP +0.01, STM +0.01, KBR +0.01

 Flat:  TAP +0.00, TMHC +0.00

 Misses: DRQ (0.91), ERJ (0.52), PBF (0.43), MRK (0.23), KEX (0.19), NEM (0.17), RDS.A (0.09), BMY (0.08), ARES (0.06), NVCR (0.05), BPMC (0.03), STRA (0.03), AGIO (0.02), PTEN (0.02), CTXS (0.01)

 Still to Report: ALNY, BCE, CWT, CRS, CLVT, CMS, COHU, COLB, CFR, FBC, IMAX, ITGR, MMP, MA, MPW, OSIS, PATK, BTU, PRFT, PCG, RCKT, RCL, SNDR, SWI, TRS, VLY

Insider Purchases:

Below is the list of insider buys from yesterday and this morning. The only insider buy was TELL and there are no shorts there. Insider Action From The TradeXchange and Short Data From Erlanger Research. Update 4/28.

Erlanger Research Advance/Decline Chart/Table –Updated through 4/28.  

Gap Ups & Down In Early Pre-Market:

Gap up: GRTX +38.6%, NOK +17.4%, OSTK +10.5%, CAKE +8.8%, FLWS +8.8%, ECHO +7.8%, FB +7.1%, CCS +7.1%, MTH +6.5%, SNN +5.6%, AKBA +5.3%, LC +5.3%, GNRC +5.3%, QCOM +5.1%, AXTI +4.8%, STM +4.6%, ATKR +4.1%, ALGN +3.6%, UL +3.6%

Gap down: ADVM -50.1%, BCOV -13.3%, AZPN -11.2%, EBAY -7.6%, PI -6.7%, NOW -6.7%, CMCO -6.4%, CREE -5.2%, ALDX -4.6%, TDOC -4.5%, HOLX -4.4%, INOV -4.3%, FORM -4.2%, EEFT -4%, PLBY -3.5%

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

Stocks making the biggest moves FB CMCSA GNRC EBAY CAT MCD MRK BMY (CNBC)

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

Covid Cases: cases dropped to 38,201 from 43,863 a week ago. Dosing up to 42.96% of the population. 29.32% of population fully vaccinated. Deaths at 492. (CDC)

President Biden repeated his rather ambitious plans to help families and improve infrastructure.

Biden will meet with Congressional leadership on May 12th to discuss last night’s speech. (Bloomberg)

JP Morgan Research notes that the Federal Reserve could “start talking about talking about taper” at June Fed meeting. (CNBC)

Bank of America (BAC) to redeem $2.25 billion of Senior notes by next May. (The Trade Exchange)

Google (GOOGL) is saving $1 billion a year from employees working at home.

Cruise lines may start in mid-July if 95% of passengers are vaccinated.

Caterpillar (CAT) warns about chip shortage.

Moderna (MRNA) CEO notes that boosters for Covid-19 vaccine will be needed. (CNBC)

New York City Mayor Bill De Blasio notes NYC to be fully reopened 7/1.

Robinhood Snacks features Apple’s (AAPL) strong quarter as well as Facebook (FB) and Google (GOOGL).

Index Moving Averages: A couple indexes broke their 5 and 10 day moving averages but with the action this morning that is a distant memory. 4/28 Close

Geopolitical:

The President receives the President’s Daily Brief, 9:00 a.m. EDT

The President and The First Lady depart the White House en route Joint Base Andrews, 10:10 a.m. EDT

The President and The First Lady meet with former President Jimmy Carter and former First Lady Rosalynn Carter, 1:25 p.m. EDT

The President and The First Lady participate in a drive-in car rally, Infinite Energy Center, Duluth, Georgia, 6:00 p.m. EDT

The President and The First Lady return to The White House, 9:20 p.m. EDT

Federal Reserve Governor Randall Quarles speaks at 11:00 a.m. EDT.

Federal Reserve New York President John Williams speaks at 2:00 p.m. EDT.

Economic:

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

Q1 GDP (advanced) is due out at 8:30 a.m. EDT and is expected to 6.5% from 4.3%.

March Pending Home Sales are due out at 10:00 a.m. EDT and are expected to rise to 7.20% from -10.6%.

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

Meetings & Conferences of Note

NNDM (Investor Day) SA UL (Conference Call) OCN (Update) EDSA (Webinar)

Sellside Conferences: UBS Asia Healthcare Conference (4/27-4/29) B. Riley Neuroscience Conference (4/28-4/29)

Industry Conferences:

M&A Activity

Realty Income (O) to buy VEREIT (VER) in a all stock deal, VER shareholder to get 0.70 shares in O.

Upgrades & Downgrades of Note From Sellside Firms:

Wednesday Recommendations:

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