09.26.2022 11 new Morning Note posts under Morning Note (10) and CAPIS Insights (1)

Morning Note


Morning Note

"CAPIS Morning Note – 6/2/21: Stocks Flat, Lots of Deals Today"

posted by CAPIS on 06/02/2021 at 8:17 am


06/02/2021 at 8:17 am

Most Underfollowed Story of the Day: Senate Parliamentarian says no to Democrats on fast tracking Infrastructure Bill. 

Earnings Of Note After The Close:

Beats: ZM +0.34, AMBA +0.06, APPS +0.05, HPE +0.04

Flat:  None

 Misses: STNE (0.29), MDLA (0.01)

Capital Raises: 

IPOs Priced or News: TaskUS (TASK) to be priced in a range of $22 to $24.

New SPACs launched: Northern Star Acquisition to merge with Barkbox and begins trading as BARK.

Secondaries Priced: None of note.

Notes Priced of note:  None of note.

Common Stock filings:  CMBM BYRN WPRT  0f note.

Selling Shareholders of note: NVTA ADCT GSMG   of note.

Private Placement of Public Entity (PIPE):

Mixed Shelf Offerings: ESQ PUMP 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:

Post  (POST) to buy TreeHouse Foods (THS) for $85 million.

Scotts Miracle-Gro (SMG) raises guidance for revenues and earnings.

Allstate (ALL) to buy SafeAuto for $270 million in cash.

SEC told Tesla (TSLA) last year that Elon Musk’s tweets violated court ordered policy. (WSJ)

Tyson (TSN) to develop new line of plant based products in Asian markets.

After Hours:  SLCT +20% AMBA +6% MDLA +4% 

Dividend Increases: WSBF (special $0.50) 

Guides Higher: AMBA APPS  MDLA  ZM yesterday and DCI KE this morning.

Mixed Guidance:

Lower Guidance:

Buyback Announcements: MLCO CTRN 

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

S&P 500 +1 Dow Jones Industrial Average +29 NASDAQ +2 Russell 2000 +0.46.  Fair values are  higher today. Asia mixed and Europe higher. VIX is at 19.38 from 18.60 in futures. VIX closed at 17.90 from 16.78.

Gold, silver and copper lower. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is lower. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $131.86 from $131.77 with the yield at 1.606% from 1.62%.  Bitcoin $37,289 from $36204 yesterday morning up $1353.43 and +3.76%.

Tuesday’s Action – 6/1.  Equity indexes were higher into the weekend.

Positive Sectors On Tuesday: Energy, Materials and Real Estate of note.

Negative Sectors On Tuesday: Healthcare, Utilities and Technology of note.

One Month Winners: Energy, Financials, Materials and Industrials  of note.

Three Month Winners: Energy, Materials, Industrials and Financials of note.

Six Month Winners: Energy, Financials, Materials and Industrials of note.

Twelve Month Winners: Materials, Industrials, Financials and Consumer Cyclicals of note.

Year to Date: Energy, Communication Services, Financials and Materials of note.

Stocks were mixed, Bonds lower, U.S. Dollar lower and Commodities mixed.

Upcoming Earnings Of: (sorted by market cap, highest to lowest with most visible names)

Today After the Close: GWRE, PVH, SMAR, AI, DSGX, IIPR, SMTC, SPWH, SPTN, CMTL of note.

Thursday Before the Open: PLUG, SJM, TTC, CIEN, MOMO, LAC, GIII, SCWX, CONN of note.

Earnings This Morning Of Note:

Beats: LE +0.38 AAP +0.26, DCI +0.08

Flat:  none

Misses: none

 Still to Report: none

Insider Purchases:

Below is the list of insider buys from yesterday and this morning sorted by level of short selling. The idea here is simple. Find stocks where insiders are buying and the shorts are “dumb short sellers”. Insider buying and short selling exists in .  As such we like this as a long idea. Updated 6/1

Erlanger Research Advance/Decline Chart/Table –Updated through 6/1.

Gap Ups & Down In Early Pre-Market:

Gap up: SLCT +19%, SLS +5%, MDLA +5%, SWI +4%, DCI +4%, OSTK +4%

Gap down: IRTC -14%, BYRN -8%, WPRT -7%, GSMG -6%, HHR -5%, CMBM -4%

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

Stocks making the biggest moves AMBA LE AMBA   (CNBC)

5 Things To Know Before Trading Starts. (CNBC)

Senate Parliamentarian notes Democrats cannot use reconciliation to speed up Infrastructure Bill. (Bloomberg)

Treasury Secretary Yellen and Chinese Vice Premier Liu spoke on economic issues. (WSJ)

Beef producers JBS SA, Pilgrim (PPC) announces they are getting back to normal post cyber attack.

Amazon (AMZN) Prime Day to be held on 6/21-22.

Tyson (TSN) names COO Donnie King as President and CEO immediately.

Taiwan Semi (TSM) starts construction on Arizona Chip Plant. (Reuters)

Robinhood looks at Uber (UBER) driver shortage and delves into Canopy Growth (CGC) earnings.

Index Moving Averages: 6/1 Close – The Confidence Score is at 100%.


Federal Reserve Speakers:

Federal Reserve Chicago President Evans to speak at 12:00 p.m. EDT.

Federal Reserve Philadelphia President Harker to speak at 12:00 p.m. EDT.

Federal Reserve Minneapolis President Kaskari to speak at 12:15 p.m. EDT.

Federal Reserve Atlanta President Bostic to speak at 2:00 p.m. EDT.

Federal Reserve Dallas President Kaplan to speak at 6:05 p.m. EDT.


Weekly MBA Mortgage Applications were out at 7:00 a.m. EDT and

The Federal Reserve releases its latest Beige Book for the fourth time this year.

Weekly API Petroleum Report is due out at 4:30 p.m. EDT.

M&A Activity

Post  (POST) to buy TreeHouse Foods (THS) for $85 million.

Allstate (ALL) to buy SafeAuto for $270 million in cash.

First Bancorp (FBNC) to buy Select Bancorp (SLCT) in stock deal for $314.3 million.

Etsy (ETSY) to buy Depop for $1.25 billion.

Skilz (SKLZ) to buy Aakari for $150 million.

Meetings of Note:

Sellside Conferences: Deutsche Bank dbaccess Annual Global Financial Services Conference. (6/1-2) Cowen Annual Technology, Media and Telecom Conference  (6/1-3) Jefferies Global Health Conference (6/1-4) William Blair Annual Growth Conference (6/1-6/3) Bank of America Emerging Markets Debt & Equity Conference (6/1-4) Wells Fargo Energy Conference (6/2-3) Bernstein Annual Strategic Decisions Conference (6/2-4) Credit Suisse Chemicals & Agriculture, Packaging & Cement Conference (6/2-3) BMO Energy Conference (6/2-3) Craig Hallum Investor Conference (6/2)

Company Meetings:  TOL ACEL GLDD (Investor Meetings) SKILZ (Conference Call)  ARHH (Webcast)

Industry Meetings:

Upgrades & Downgrades:

Tuesday Recommendations

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