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06.21.2021 12 new Morning Note posts under Morning Note (11) and General (1)

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"CAPIS Morning Note – 5/18/21: Stocks Rebounding, Several Fed Speakers On Deck Today"

posted by CAPIS on 05/18/2021 at 7:21 am

by CAPIS

05/18/2021 at 7:21 am

Breaking News: Housing Starts came in low at 1,569,00 against estimates of 1,715,000.

Not So Fun Fact: Ark Asset Mgmt sees outflows of $1 billion in a single week for a variety of its ETFs.

Earnings Of Note After The Close:

Beats: FSR +0.05

Flat:  None

Misses: DNMR (1.06), GAN (0.09), XONE (0.08), TME (0.04), ANNX (0.03)

Capital Raises: 

IPOs Priced or News: 

New SPACs launched: 

Secondaries Priced: EVFM UGI  of note.

Notes Priced of note: AR CCO NOVA   of note.

Common Stock filings:  PIRS SNCY TIG CLVS  0f note.

Selling Shareholders of note: CHK PIRS TIG  of note.

Private Placement of Public Entity (PIPE):

Mixed Shelf Offerings:  AKRO CRK MICT CHK  of note.

Convertible Offering & Notes Filed:  None of note.

Note Offerings Filed: COIN 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 Investor Michael Burry noted from The Big Short takes a big short position in Tesla (TSLA) via put options.

Hedge Fund Investors and large institutional investors continue to release their latest holdings including Appaloosa, Berkshire Hathaway and Jana Partners.

NetEase (NTES) signs a direct distribution agreement with Sony Music Entertainment (SONY).

Intrepid Potash (IPI) raises prices by $20 a ton.

Bank of America (BAC) joins Paxos network to settle stock trades using blockchain. (Bloomberg)

California DMV reviewing Tesla (TSLA) self driving claims. (LA Times)

Amazon (AMZN) may bid for MGM Studios owned by MGM. (LA Times)

Dividend Raises: 

Split Announcement:

Raises Guidance: 

Mixed Guidance:

Lowers Guidance: 

Buyback Announcements: BZUN

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

S&P 500 +4 Dow Jones Industrial Average +33 NASDAQ +70  Russell 2000 +2  Fair values are lower except for the Russell 2000. Asia and Europe higher. VIX is at 21.65 from 20.13 in futures. VIX closed at 19.72 from 18.84.

Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is lower. $ is lower vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $132.36 from $132.41 with the yield at 1.642% from 1.632%.  Bitcoin $44817.50 from $44912.26 and this morning at $+628.24 and 1.36%.

Monday’s Action – 5/17.  Equity indexes were lower after two days of buying.

Positive Sectors On Monday: Energy, Materials and Consumer Cyclicals of note.

Negative Sectors On Monday: Utilities, Technology and Communication Services 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: TCOM, TTWO, STE, AGYS of note.

Wednesday Before the Open: LOW, JD, TGT, TJX, ADI, CCL, VIPS, CAE, EXP, DAVA of note

Earnings This Morning Of Note:

Beats: BIDU +1.61, NTES +1.20, IQ +0.93, HD +0.93, M +0.85, WMT +0.48, BZUN +0.15

Flat:  none

Misses: DOYU (0.68), SE (0.06), HUYA (0.02)

 Still to Report: KC

 Insider Purchases:

Below is the list of insider buys from yesterday and this morning. VAPO sees shorts having made their money and now insiders are buying stock. NOTV sees short squeezed. Updated 5/18.

Erlanger Research Advance/Decline Chart/Table –Updated through 5/17.

Gap Ups & Down In Early Pre-Market:

Gap up: 

Gap down: 

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

Stocks making the biggest moves M HD WMT TSLA (CNBC)

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

Senate Republicans to send out their counter infrastructure bill. (Reuters)

Texas ends pandemic enhanced unemployment benefits as of June 26. (Texas Tribune)

Apple’s (AAPL) new iPad Pro could have shipment delays into July on supply shortages.

Walmart (WMT) reports strong growth in grocery and online sales. Counter to rumors that grocery was losing ground. (CNBC)

Home Deport (HD) sales are up 32.7%. (CNBC)

Invesco (IVZ) claims the Covid spike in emerging markets is a temporary problem. (CNBC)

Toyota (TM) cuts June production at three production lines at two plants.

Robinhood Snacks features AT&T (T) break away from entertainment. Companies make own mask rules.

Apple (AAPL) CEO Tim Cook takes witness stand in Epic lawsuit.

Index Moving Averages: 5/14 Close – Nice improvement again on Monday despite small losses.

Geopolitical:

The President receives the President’s Daily Brief, The White House, 9:00 a.m. EDT

The President departs the White House en route Joint Base Andrews, 9:40 a.m. EDT

Press Briefing by White House COVID-19 Response Team and public health officials, The White House, 10:15 a.m. EDT

Press Secretary Jen Psaki will speak aboard Air Force One en route Detroit, Michigan, 10:45 a.m. EDT

The President arrives in Detroit, Michigan, Detroit Metropolitan Wayne County Airport, 11:30 a.m. EDT

The President tours the Ford Rouge Electric Vehicle Center, Ford Rouge Electric Vehicle Center, Dearborn, MI, 12:45 p.m. EDT

The President delivers remarks at the Ford Rouge Electric Vehicle Center, 1:40 p.m. EDT

The President departs Detroit, Michigan en route Joint Base Andrews, 3:55 p.m. EDT

The President returns to the White House, 5:30 p.m. EDT

Federal Reserve Speakers:

Federal Reserve Atlanta President Raphael Bostic 11:00 a.m. EDT.

Federal Reserve Dallas President Robert Kaplan 11:05 a.m. EDT.

Federal Reserve Atlanta President Raphael Bostic 12:30 p.m. EDT.

Economic:

April Housing Starts are due out at 8:30 a.m. EDT and is expected to fall to 1,715,000 from 1,739,000.

M&A Activity

Twilio (TWLO) to buy Zipwhip for $850 million.

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) Bank of America Global Metals, Mining and Steel Conference (5/18-19) RBC Global Healthcare Conference (5/18-19) Morgan Stanley Life After Covid (5/18 -5/21) UBS Mortgage Mini Conference (5/18)

Company Meetings: CYDY (Update)  CLSK ASPN  KRNT RTX INOV JELD ADS ECL  (Investor Day)  SRPT (Conference Call)

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

Upgrades & Downgrades:

Monday’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.