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06.18.2021 11 new Morning Note posts under Morning Note (10) and General (1)

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"CAPIS Morning Note – 5/17/21: Stocks Lower To Start Week"

posted by CAPIS on 05/17/2021 at 7:10 am

by CAPIS

05/17/2021 at 7:10 am

Breaking News: Merger Monday with AT&T (T) and Discovery (DISCA)

Earnings Of Note After The Close:

Beats: None

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: KLXE VTGN  0f note.

Selling Shareholders of note: None of note.

Private Placement of Public Entity (PIPE):

Mixed Shelf Offerings: RICK 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:

Hedge fund holdings updated and several out over the weekend including Carl Icahn, Baupost Group and Third Point among others.

Quidel (QDEL) and its QuickVue At-Home OTC Covid-19 Test now available in the U.S.

Stellantis (STLA) cuts 1,600+ jobs at Illinois Jeep  plant due to chip shortage. (Bloomberg)

Walmart (WMT) announces that will stop requiring masks for vaccinated workers and shoppers.

Tesla (TSLA) CEO Elon Musk makes Twitter comments that he might have sold Bitcoin for the company and later clarified that he did not.

Barron’s + on WHR RLGY KREF BX KKR DD FSLY TDOC ZM DASH CHWY ETSY DOCU SHOP NFLX LOGI HPQ and +/- on FLR 

Dividend Raises: HVT STAR 

Split Announcement:

Raises Guidance: 

Mixed Guidance:

Lowers Guidance: 

Buyback Announcements: NVT DDS 

What’s Happening This Morning: Futures value reflects the change with fair value.

S&P 500 -19 Dow Jones Industrial Average -158 NASDAQ -78  Russell 2000 -21  Fair values are lower except for the Russell 2000. Asia mixed and Europe lower. VIX is at 20.13 from -21.41  in futures. VIX closed at 18.84 from 23.13.

Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is lower vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $132.41 from $132.44 with the yield at 1.632% from 1.63%.  Bitcoin $44912.26 from $50510 and this morning at $-591.54 and -1.30%.

Friday’s Action – 5/14.  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 Friday: Energy, Technology and Communication Services of note.

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: TME, FSR, DNMR, GAN, XONE of note.

Tuesday Before the Open: WMT, HD, SE, NTES, BIDU, IQ, KC, M, BZUN, HUYA, DY, DOYU of note.

Earnings This Morning Of Note:

 Beats: PRPL +0.07, TWNK +0.01

 Flat:  none

 Misses: ZNTL (0.27), HIMS (0.26)

 Still to Report: EBIX

 Insider Purchases:

Below is the list of insider buys from yesterday and this morning. RADI is shorted with shorts present but we do not have history as came public last year. AAT and EXTN have been on our list before.Updated 5/14.

Erlanger Research Advance/Decline Chart/Table –Updated through 5/14.

Gap Ups & Down In Early Pre-Market:

Gap up: APLS +10%, LEV +6%, AMRN +5%, VIAC +5%, TME +4%

Gap down: CGAU -13%, KLXE -9%, SEEL -5%

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)

Microsoft (MSFT) Founder and Ex-Director Bill Gates left board over affair with Microsoft (MSFT) worker.

CDC Director Walensky notes only unvaccinated people are at risk from unmasking. (NYT)

Dr. Fauci added that a vaccinated person unlikely to transmit virus. (CBS News)

Retailers COST SBUX WMT and Trader Joe’s end mask requirements while Target (TGT) keeps in place. (NYT)

Regulators to require inspections for wire issues on the Boeing (BA) 737 wire issue. (Reuters)

Twitter (TWTR) may be working on a $2.99 a month service. (Verge)

United Airlines (UAL) to fly 80% of its U.S. Schedule compared to a year ago.

Robinhood Snacks features wages rising to bring back workers and crypto volatility being watched closely.

Index Moving Averages: 5/14 Close – Nice improvement Friday.

Geopolitical:

The President departs Wilmington, Delaware en route the White House, 8:20 a.m. EDT

The President arrives at the White House, 9:15 a.m. EDT

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, 12:00 p.m. EDT

The President delivers remarks on the COVID-19 response and the vaccination program, East Room, 1:00 p.m. EDT

Federal Reserve Speakers:

Federal Reserve Atlanta President Raphael Bostic 10:00 a.m. EDT.

Federal Reserve Vice Chairman Richard Clarida 10:05 a.m. EDT.

Federal Reserve Dallas President Robert Kaplan 6:00 p.m. EDT.

Economic:

May Empire State Manufacturing Index releases its latest numbers at 8:30 a.m. with the estimate at 25 against a prior of 26.3.

May NAHB Housing Index is due out at 10:00 a.m. EDT and is expected to remain at 83.

M&A Activity

AT&T (T) to merge WarnerMedia Group and Discovery (DISCA).

Meetings of Note:

Sellside Meeting: Needham Technology & Media Conference (5/17-20) Goldman Sachs Annual Credit & Leveraged Finance Conference (5/17) RBC Capital Markets Canadian Automotive, Industrials and Transportation Conference (5/17-19)

Company Meetings:  MYMD (Update) BC JAGX  (Investor Day) YMTX BAK ( R&D Day) 

Industry Meetings: American Thoracic Society Annual Conference (5/14-5/19)

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.