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"CAPIS Morning Note – 5/14/21: Stocks Moving Higher For Second Day After Selling Through Wednesday"

posted by CAPIS on 05/13/2021 at 5:49 pm

by CAPIS

05/13/2021 at 5:49 pm

Breaking News: Watch for Retail Sales at 8:30 a.m. EDT!!

Earnings Of Note After The Close:

Beats: DDS +5.09, DIS +0.52, PLT +0.30, NEWR +0.19, PUBM +0.09, GLOB +0.03, FTCH +0.01

Flat:  GDRX +0.00

 Misses: ABNB (0.81), DASH (0.20)

Capital Raises: 

IPOs Priced or News: 

New SPACs launched: 

Secondaries Priced: None of note.

Notes Priced of note: None of note.

Common Stock filings: IZEA NEX ELOX MKGI NAVB NEX    0f note.

Selling Shareholders of note: ACET  of note.

Private Placement of Public Entity (PIPE):

Mixed Shelf Offerings: OHI EMKR PRO PHIO PRAX  INFI RRC METX  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:

Biogen (BIIB) announces collaboration with Envisagenics to improve RNA splicing research.

Poly (PLT) to change symbol to POLY.

Assets Under Management Reported: VCTR

Israel sends military into Gaza in major escalation of the conflict.

Dividend Raises: UNP

Split Announcement:

Raises Guidance: PUBM 

Mixed Guidance:

Lowers Guidance: PLT 

Buyback Announcements: AIZ VCTR PAYC ALGN HSIC 

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 +28 Dow Jones Industrial Average +185 NASDAQ +136  Russell 2000 +20  Fair values are lower except for the Russell 2000. Asia and Europe higher. VIX is at -21.41 from  25.50 in futures. VIX closed at 27.59 from $21.84.

Gold and silver higher with copper lower. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $132.44 from $131.92 with the yield at 1.63% from 1.69%.  Bitcoin $50510 from $50,100  and this morning at $+1606 and +3.29%.

Thursday’s Action – 5/13.  Equity indexes were higher after several days of selling as well as most other asset classes. Exception the U.S. Dollar (UUP) was weaker.

Positive Sectors On Thursday: Industrials, Utilities and Financials of note.

Negative Sectors On Thursday: Energy, 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: none of note.

Monday Before the Open: TWNK, RIDE of note.

Earnings This Morning Of Note:

Beats: none

Flat:  none

Misses: none

 Still to Report: none

Insider Purchases:

Below is the list of insider buys from yesterday and this morning. AMR, ET and BDSI are  shorted with shorts present in those names. In all cases, these are smart short sellers. Updated 5/14.

Erlanger Research Advance/Decline Chart/Table –Updated through 5/13.

Gap Ups & Down In Early Pre-Market:

Gap up: FSR +13.1%, GBOX +11.7%, OSCR +9%, HYFM +8.8%, PUBM +8.2%, DASH +7.3%, CRCT +7%, FND +6.6%, LAZR +4.1%, ULCC +4%

Gap down: IZEA -23%, PLT -18.9%, ACET -7.6%, ACVA -7.1%, MAX -5.5%, DIS -3.7%,

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

Stocks making the biggest moves DIS SNOW DASH COIN ABNB   (CNBC)

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

China concerned about U.S. leaving Afghanistan. (CNN)

Biden Administration is moving forward on infrastructure with Republicans. (CNBC)

TSMC (TSM) to expand chip manufacturing in Arizona. (Reuters)

Canadian National (CNI) raises bid for Kansas City Southern (KSU) to $325.

Robinhood Snacks features discussions on Bitcoin and the environment and harm done to Asians.

Index Moving Averages: 5/13 Close – No real improvement yesterday.

Geopolitical:

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

Press Briefing by Press Secretary Jen Psaki and Chair of the Council of Economic Advisers Cecilia Rouse, 12:30 p.m. EDT

The President meets with six Dreamers with DACA who work in health care, education, and agriculture, Oval Office, 3:00 p.m. EDT

The President receives the Weekly Economic Briefing, Oval Office, 4:30 p.m. EDT

Economic:

April Retail Sales is due out at 8:30 a.m. EDT and is expected to fall to 1.2% from 9.8%

April Industrial Production is due out at 9:15 a.m. EDT and is expected to fall to 0.7% from 1.4%.

May University of Michigan Consumer Sentiment is due out at 10:00 a.m. EDT and is expected to rise to 90.2 from 88.3.

M&A Activity

McGrath RentCorp (MGRC) to buy Design Space Modular Buildings for $260 million in cash.

Canadian National (CNI) raises bid for Kansas City Southern (KSU) to $325.

Tyson Foods (TSN) sell pet treats to General Mills (GIS) for $1.2 billion.

Meetings of Note:

Sellside Meeting: Benzinga Small Cap Conference (5/14) Morgan Stanley Asian Healthcare Conference. (5/14)

Company Meetings:  UGP VERI Y  (Investor And/Or Analyst Meeting) KAR (Update) MGRC (Conference Call) DYN (Webcast) 

Industry Meetings: International Oil Spill Conference (5/10-14) 2th Annual American Society of Gene & Cell Therapy Annual Meeting (5/10-5/14) American Thoracic Society Annual Conference (5/14-5/19)

Upgrades & Downgrades:

Thursday’s Recommendations

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