New!
06.21.2021 11 new Morning Note posts under Morning Note (10) and General (1)

Morning Note

News

Morning Note

"CAPIS Morning Note – 5/13/21: Futures Well Off The Lows"

posted by CAPIS on 05/13/2021 at 7:13 am

by CAPIS

05/13/2021 at 7:13 am

Breaking News: PPI came in higher, like CPI, at 0.6%. Weekly Jobless Claims came in at 479,000 better than expected.

Earnings Of Note After The Close:

Beats: BMBL +1.69, SONO +0.45, BOOT +0.32, COHR +0.28, JACK +0.23, POSH +0.06, VRM +0.05, ONTF +0.04, GRWG +0.02, AMWL +0.02, MSP +0.01

Flat:  DOX +0.00

Misses: PAAS (0.32), ONEM (0.16), TTCF (0.12), WISH (0.06), GOCO (0.01)

Capital Raises:

IPOs Priced or News: 

New SPACs launched: 

Secondaries Priced:  AJG of note.

Notes Priced of note: BHR GLDD of note.

Common Stock filings: AEE BIOC CLNN GRIL 0f note.

Selling Shareholders of note: CHRA APG of note.

Private Placement of Public Entity (PIPE): FLR

Mixed Shelf Offerings:   APG RJF 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:

Tesla (TSLA) to stop accepting Bitcoin for payment. Bitcoin plummets.

United Airlines (UAL) to expand beverage service on flights over two hours.

Coupang (CPNG) sees customers grow by 21%.

Colonial Pipeline restarts after hack but still a couple days away from normal delivery. (CNBC)

After Market Hours: SONO  +15% VRM +11% Boot 7%  and POSH -13% WISH -12% JACK -4%

Dividend Raises: JJSF KRG WERN 

Split Announcement:

Raises Guidance: SONO BMBL

Mixed Guidance:

Lowers Guidance: 

Buyback Announcements: 

What’s Happening This Morning: Futures value reflects the change with fair value. Futures on the S&P 500 rose until 10:30 p.m. EDT and then hit a low at 4:00 a.m. EDT.

S&P 500 +10 Dow Jones Industrial Average +8 NASDAQ +76  Russell 2000 +8  Fair values are lower except for the Russell 2000. Asia and Europe lower. VIX is at 25.50 from 22.10  in futures. VIX closed at 27.59 from $21.84.

Gold, silver and copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $131.92 from $132.47  with the yield at 1.69% from 1.622% .  Bitcoin $50,100 from $56,693 and this morning at $-4155 and -7.66%.

Tuesday’s Action – 5/10.  Equity indexes were lower, only commodities rose.

Positive Sectors On Wednesday: None of note.

Negative Sectors On Wednesday: Technology, Consumer Cyclical and Materials 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: DIS, ABNB, DASH, FTCH, GDRX, GLOB, NEWR, PUBM, DDS, PLT of note.

Friday Before the Open: JD, ZNTL of note.

Earnings This Morning Of Note:

Beats: BAM +1.14, XPEV +0.41, YETI +0.17, EYE +0.16, TNK +0.14, BILI +0.14, GOOS +0.13, PGTI +0.09, VERX +0.02, SHC +0.02, AZEK +0.01, CGEN +0.01, TGP +0.01

Flat:  CSPR +0.00

Misses: BABA (2.96), UTZ (0.44), HAE (0.23), SRRK (0.06), KELYA (0.04), TUFN (0.01)

Still to Report: CELH

Insider Purchases:

Below is the list of insider buys from yesterday and this morning. AAT and MG are moderately shorted with shorts present in those names. In one case they are making money and in the other flat. Updated 5/13.

Erlanger Research Advance/Decline Chart/Table –Updated through 5/11.

Gap Ups & Down In Early Pre-Market:

Gap up: SONO +13%, SI +12%, VRM +9%, FOSL +7%, SFT +7%, BOOT +6%, GRWG +5%, CHRA +5%, ONTF +5%, VIEW +4%

Gap down: CRIS -15%, POSH -14%, WISH -10%, ONEM -10%, HAE -8%, FLR -8%, AMWL -6%, ASM -6%, PAAS -5%, TTCF -5%, CTOS -4%, JACK -4%

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

Stocks making the biggest moves SONO POSH  (CNBC)

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

Robinhood Snacks features SoftBank (SFTBY) record profits. Party City (PRTY) overcomes seasonality.

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

Geopolitical:

The President and The Vice President receive the President’s Daily Brief, Oval Office, 10:45 a.m. EDT

The President delivers remarks on the Colonial Pipeline incident, Roosevelt Room, 11:50 a.m. EDT

Press Briefing by Press Secretary Jen Psaki, 12:30 p.m. EDT

The President, The Vice President, the Secretary of Commerce, and the Secretary of Transportation meet with Senator Capito, Senator Barrasso, Senator Blunt, Senator Crapo, Senator Toomey, and Senator Wicker, Oval Office, 1:30 p.m. EDT

Press Briefing by White House COVID-19 Response Team and public health officials, 4:00 p.m. EDT

Federal Reserve Speakers Today:

Federal Reserve Governor Christopher Waller to speak  at 1:00 p.m. EDT.

Federal Reserve St. Louis President James Bullard to speak at 4:00 p.m. EDT.

30 Year Treasury Auction at 1:00 p.m. EDT.

Economic:

April PPI is due out at 8:30 a.m. EDT and is expected to fall to 0.4% from 0.7%.

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

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

M&A Activity

PerkinElmer (PKI) to buy Nexcelom Bioscience for $260 million.

Meetings of Note:

Sellside Meeting: JP Morgan Insurance Forum (5/10) UBS Best of Italy Conference (5/10-5/11) Credit Suisse Mexico Conference (5/11-5/13) Goldman Sachs Industrials and Materials Conference (5/11-5/13) Bank of America Global Healthcare Conference (5/11-5/13) MoffettNathanson Annual Media & Communications Summit (5/12-13)

Company Meetings:  FEYE SWK DZSI   (Investor And/Or Analyst Meeting) (Update)  (Roadshow) NETI CPSI  (Conference Call) PALI (Webinar) MREO (R&D Day)

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:

Wednesday’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.