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"CAPIS Morning Note – 5/10/21: Earnings Start to Wind Down, Inflation Data Ahead"

posted by CAPIS on 05/10/2021 at 7:24 am

by CAPIS

05/10/2021 at 7:24 am

Breaking News: U.S. opens safety probe into 1.1 million Honda (HMC) Accord vehicles.

Fun Fact: 14% of the U.S. population is investing in cryptocurrency and could double this year.

Not A Fun Fact: Billions of Cicadas will emerge from the ground this week.

Earnings Of Note After The Close:

Beats: UNVR +0.13, CATM +0.10

Flat:  None

Misses: None

Capital Raises:

IPOs Priced or News: 

New SPACs launched: 

Secondaries Priced: None  of note.

Notes Priced of note: None of note.

Common Stock filings: USAK MRUS 0f note.

Selling Shareholders of note: None of note.

Private Placement of Public Entity (PIPE): 

Mixed Shelf Offerings: JFIN MRUS TT VJET CDXS KRUS MITT  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:

Indian Covid-19 cases are impacting Asian countries. (CNN)

Chinese rocket plunged into the Indian Ocean and NASA blasted China for being irresponsible. (CNN)

85 people killed and 147 were wounded in a bomb attack targeting school girls in Kabul, Afghanistan. (CNN)

President Biden to host the top Republican and Democratic Congressional leaders at the White House on Wednesday.

A major U.S. pipeline that transports gasoline, jet fuel and heating oil across the East Coast after a ransomware attack. Gas prices will rise. (AP)

Churchill Downs (CHDN) suspends trainer Bob Baffert after  failed drug test by Kentucky Derby winner Medina Spirit. (AP)

Barron’s is now 100 years old. + Z QCOM AUTO STX FCX CTVA FMC DE AGCO NTR MO  on and – on TSLA Dogecoin.

Dividend Raises: CNO MAN 

Split Announcement:

Raises Guidance: 

Mixed Guidance:

Lowers Guidance: 

Buyback Announcements: CNO

What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.

S&P 500 +4 Dow Jones Industrial Average +114 NASDAQ -42  Russell 2000 -11  Fair values are higher except for the Russell 2000. Asia mixed and Europe mixed. VIX is at 18.33 from 19.61 this morning in futures. VIX closed at $16.69 from $18.39.

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 $132.18 from $132.58 with the yield at 1.58%.  Bitcoin $57,799 from $55,478.71 and this morning at $532 and 0.93%.

Friday’s Action – 5/7.  Equity indexes were positive.

Positive Sectors On Friday: Energy, Materials, Financials and Real Estate.

Negative Sectors On Friday: None of note.

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: RBLX, SPG, IFF, OXY, AEE, AFRM, NVAX, NUAN, WYNN, OSH, NLOK, TREX, ACM, G, WES, VOYA, BRKS, HALO of note.

Tuesday Before the Open: PLTR, TDG, J, BSY, PLTK, ARMK, HBI, PRGO, SDGR, NOVT of note.

 Earnings This Morning Of Note:

Beats: BNTX +2.44, AMBC +0.96, TSN +0.31, J +0.28, SGMS +0.24, GEO +0.24, BALY +0.20, ENR +0.18, CRNC +0.16, USFD +0.09, MX +0.09, RDNT +0.08, WB +0.08, TGNA +0.07, MAR +0.06, DUK +0.03, IMGN +0.02

Flat:  KOD +0.00

Misses: VTRS (1.67), BHVN (0.32), QURE (0.17), XENT (0.08), CEVA (0.05), APD (0.04), ES (0.03), COTY (0.01)

 Still to Report: CHH, DBD, GTES, TTD, WKHS

 Insider Purchases:

Below is the list of insider buys from yesterday and this morning. AAT and EXTN are moderately shorted with shorts present in those names. In one case they are making money and in the other losing. Updated 5/10.

Erlanger Research Advance/Decline Chart/Table –Updated through 5/7.

Gap Ups & Down In Early Pre-Market:

Gap up: BNTC +9% LPI +5% MAN +4% 

Gap down: DMS -5% TLRY -4%

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

Stocks making the biggest moves MAR COTY TSN ENR USFD BNTX (CNBC)

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

Covid-19 Stats: 34,159 cases and was at45,283 a week ago. 579 deaths versus 665 a week ago.  Hospitalizations 31,992 versus 36,304 a week ago. (CDC)

Biden Administration will move to easier mask wearing restrictions. (WSJ)

More states to end employment benefits to get those unemployed to return to work. (The Washington Post)

Robinhood Snacks features a discussion on “coin crowding”.

Index Moving Averages: 5/7 Close – Nice improvement yesterday.

Geopolitical:

The President receives the President’s Daily Brief, Oval Office, 9:30 a.m. EDT

The President speaks with NATO’s eastern flank Allies, who will be meeting in a virtual summit of the Bucharest Nine (B9), Roosevelt Room, 10:30 a.m. EDT

Press Briefing by Press Secretary Jen Psaki, 12:00 p.m. EDT

The President delivers remarks on the economy; The Vice President also attends, East Room, 1:15 p.m. EDT

Federal Reserve Chicago President Charles Evans to speak on CNBC at 8:15 a.m. EDT and later in the day at 2:00 p.m. EDT.

Economic:

Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as NFIB Small Business Optimism, CPI, PPI, Retail Sales, Industrial Production and University of Michigan Consumer Sentiment. None of note today.

M&A Activity

Meetings of Note:

Sellside Meeting: JP Morgan Insurance Forum (5/10) UBS Best of Italy Conference (5/10-5/11)

Company Meetings: NLOK (Investor Meeting) MSGE (Webcast) RBA (Company Event) FDX (Update)

Industry Meetings: International Oil Spill Conference (5/10-14) 2th Annual American Society of Gene & Cell Therapy Annual Meeting (5/10-5/14)

Upgrades & Downgrades:

Friday’s 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.