Earnings Of Note After The Close:
IPOs Priced or News: None of note.
New SPACs launched:
Secondaries Priced: None of note.
Notes Priced of note: None of note.
Common Stock filings: SABR 0f note.
Selling Shareholders of note: SABR XOG BTX of note.
Private Placement of Public Entity (PIPE):
Mixed Shelf Offerings: VIRT WLL NDAQ NBTB ALL IBRX 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:
Unites Airlines (UAL) gets $2.8 billion of Payroll Protection.
Granite Construction (GVA) settles pending class action lawsuits and will pay $129 million in cash.
FDA approves AstraZeneca (AZN) Farxiga for treatment of chronic kidney disease.
Northrop Grumman (NOC) wins $960 million Army contract.
Lockheed Martin (LMT) wins $660 million Army contract.
TSA extends mask mandate on planes, trains and buses to September 13th.
Several companies are restating earnings due to new SEC accounting rules on warrants – AHCO RPAY
Barron’s + on CGC TLRY APHA GTBIF (Marijuana stocks) PGR BAC CROX FB GOOGL AAPL MSFT AMZN SHW and – on SPOT X STLD NUE
Dividend Raises: PAYX
What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. Near the lows of the morning at 8:00 a.m. EDT.
S&P 500 +22.58 Dow Jones Industrial Average +203 NASDAQ +40 Russell 2000 +22.45 Fair values are lower except for the Russell 2000. Asia lower and Europe higher. VIX is at 19.90 from 19.30 this morning in futures. VIX closed at $17.61 from 17.28.
Gold, silver and copper higher. WTI Crude Oil higher and Brent Oil Futures flat. Natural Gas is higher. $ is lower vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $131.97 from $131.81 with the yield at 1.644% from 1.642%. Bitcoin $58,732.49 from $54,352.97 on Friday and this morning at $1926.86 and +3.40%.
Friday’s Action – 4/30. All equity indexes were lower.
Positive Sectors On Friday: Utilities and Real Estate.
Negative Sectors On Friday: Energy, Materials 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: NTR, AWK, WMB, O, ZI, AGR, XPO, SEDG, CHGG, FANG, JKHY, MOS, QGEN, OHI, SCI, VNO of note.
Tuesday Before the Open: PFE, CVS, COP, D, GPN, ETN, IDXX, KKR, TRI, SYY, DD, RACE, CMI, ZBH, MPC, AME, MPLX, ZBRA, CQP, APO, VMC of note.
Earnings This Morning Of Note:
Beats: LDI +0.40, GPRE +0.31, WEC +0.16, ENBL +0.13, EPD +0.13, AMG +0.07
Misses: CTB (0.10), CNA (0.05), EL (0.04)
Still to Report: ITRI, ON, PETS
Below is the list of insider buys from yesterday and this morning. No changes. Updated 4/29.
Erlanger Research Advance/Decline Chart/Table –Updated through 4/30.
Gap Ups & Down In Early Pre-Market:
Gap up: BTX +55%, ADVM +8%, GNFT +6%, MRNA +3%
Gap down: XOG -4%
Rags & Mags: Highlighted Stories may be clicked through to the original story.
Covid Cases: cases 53,051 from62,827 a week ago. Dosing up to 43.57% of the population. 30.20% of population fully vaccinated. Deaths at 875 from 492. (CDC)
Warren Buffet in his annual meeting though virtual noted that he expects to see “significant inflation” as economy is “red hot”. (FT)
Senate Democrats willing to compromise on an infrastructure deal. (The Washington Post)
India had 400,000 new cases over the weekend. (NYT)
U.S. told China they have not held up Phase One of intellectual property commitments. (Reuters)
Apple (AAPL) versus Epic Games trial begins today. (WSJ)
Apple (AAPL) to come with a flip phone in 2023. (Mac Rumors)
Volkswagen (VWAGY) notes chip shortage will delay output for months. (Bloomberg)
Intel (INTC) to reduce focus on buybacks. (Bloomberg)
Taiwan Semi (TSM) thinks it might be able to catch up with Auto chip demand by the end of June. (CBS News 60 Minutes)
Robinhood Snacks features FAANG names demolished earnings and Biden spending proposal.
Index Moving Averages: A couple indexes broke their 5 and 10 day moving averages but with the action this morning that could be a distant memory. 4/30 Close
The President receives the President’s Daily Brief, 8:00 a.m. EDT
The President and The First Lady depart the White House en route Joint Base Andrews, 8:40 a.m. EDT
The President and The First Lady arrive in Newport News, Virginia, 9:45 a.m. EDT
The President and The First Lady visit Yorktown Elementary School, 10:30 a.m. EDT
The President and The First Lady arrive in Chesapeake, Virginia, 11:55 a.m. EDT
The President and The First Lady visit an HVAC workshop at Tidewater Community College, 1:05 p.m. EDT
The President and The First Lady deliver remarks at Tidewater Community College, 1:30 p.m. EDT
The President and The First Lady arrive at the White House, 4:00 p.m. EDT
Federal Reserve Chairman Powell speaks at 1:30 p.m. EDT.
Tonight sees the RBA rate decision out.
Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as ISM Manufacturing, Construction Spending, Factory Orders, ADP Employment Index, ISM Non-Manufacturing, Nonfarm Payrolls and Unemployment rate.
April ISM Manufacturing Index is due out at 9:45 a.m. EDT and is expected to rise to 66% from 65.3% in February.
March Construction Spending is due out at 10:00 A.M. EDT and is expected to rise by 1/8% from -0.8%.
Meetings of Note:
Sellside Meeting: Gulf South Bank Conference (5/3 -5/4)
Company Meetings: F LLY AKTS (Conference Call) MRK PSA (Investor Day)
Upgrades & Downgrades: