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

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"CAPIS Morning Note – 6/8/21: Stocks Recover From Overnight Drop"

posted by CAPIS on 06/08/2021 at 8:52 am

by CAPIS

06/08/2021 at 8:52 am

Breaking News: Fastly (FSLY) had a breakdown of its infrastructure causing a breakdown of many media and other websites. (CNBC) Pfizer (PFE) testing vaccine in 5-11 with 1/10 to 1/3 of vaccine. (CNBC)

Earnings Of Note After The Close:

Beats: COUP +0.26, MTN +0.26, REVG +0.19, SFIX +0.08, HQY +0.06, MRVL +0.02

Flat:  None

Misses: None

Capital Raises:  None

IPOs Priced or News: None

New SPACs launched: Juniper Industrial Holdings closes business combination with Janus International, will begin trading today as JBI.

Secondaries Priced: None of note.

Notes Priced of note: BAH of note.

Common Stock filings: WPC CLNE  KDP PLBY APR 0f note.

Selling Shareholders of note:  LESL FBK SHAK LBRT JAMF  of note.

Private Placement of Public Entity (PIPE):

Mixed Shelf Offerings: SHAK FBK SUP of note.

Convertible Offering & Notes Filed:  ETSY ATCX  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:

Ironwood Pharmaceuticals (IRWD) names Thomas McCourt as permanent from interim CEO.

U.S. law enforcement recovered $4,4 million from the Colonial Pipeline hackers. (WSJ) Bitcoin weak on this announcement.

Curtiss-Wright (CW) picks up Lockheed Martin (LMT) with value of $70 million.

Wolverine (WWW) guides Q2 revenues back above pre-pandemic levels will present at Baird Conference as well today.

Coupa Software (COUP) names Tony Tiscornia as CFO.

Walmart (WMT) expands Walmart+ platform to prescriptions calling it Walmart+RX.

Head of Telsa Heavy Trucking (TSLA) Jerome Guillen left the firm on June 3rd.

Summit Hotel (INN) to buy 110 room Residence Inn by Marriot Steamboat Springs for $33 million.

New CDC Study finds mRNA vaccines from Pfizer (PFE) and BioNTech (BNTX) reduces risk of infection by 91% for fully vaccinated people.

Afterhours: + SFIX +15% SLQT +11%  REVG +9% ATCX +8% CHS +7% CPG +5% MRVL +5% and – TIGR -10% COUP -9% PLBY -9% LESL -7%  HQY -5%

Dividend Increases: UBA

Dividend Decreases: 

Stock Split: CSGP 10:1.

Higher Guidance: HQY REVG COUP SFIX 

Mixed Guidance: 

Lower Guidance: 

Buyback Announcements: 

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

S&P 500 +10 Dow Jones Industrial Average +11 NASDAQ +86 Russell 2000 +4.  Fair values are lower today. Asia lower and Europe higher. VIX is at 17.65 from 18.15 from 19.20 in futures. VIX closed at 16.42 no change.

Gold up but silver and copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $132.36 from $132.06 with the yield at 1.538%.  Bitcoin $33109 from $36,395.47 yesterday morning down $-2440.67 and -6.88%.

Monday’s Action – 6/7.  Equity indexes were higher into the weekend.

Positive Sectors On Monday: Real Estate, Healthcare and Communication Services of note.

Negative Sectors On Monday: Materials, Industrials and Financials 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 lower, Bonds lower, U.S. Dollar higher and Commodities lower ex crude oil. Updated 6/7 Close.

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

Today After the Close: CASY, ABM, MANU, CVGW, CMTL, BEST of note.

Wednesday Before the Open: BFB, CPB, UNFI, LOVE, VRA of note.

Earnings This Morning Of Note:

Beats: NAV +1.19, THO +1.02, MOMO +0.77

Flat:  None

Misses: None

Still to Report: ASO

Insider Purchases:

Below is the list of insider buys from  Tuesday morning and this morning sorted by day. The idea here is simple. Find stocks where insiders are buying and the shorts are “dumb short sellers”. Insider buying and dumb short selling exists in NLTX AMRN but so far shorts are making money in both names. We note that CYCN  has above average short selling but no history.  Updated 6/8

Erlanger Research Advance/Decline Chart/Table –Updated through 6/7. Very Strong as breaking out to new highs!!

Gap Ups & Down In Early Pre-Market:

Gap up: SFIX +14%, SLQT +12%, DADA +9%, HOOK +8%, ATCX +7%, CHS +7%, REVG +6%, MCF +5%, MRVL +5%, CW +4%

Gap down: PLBY -11%, TIGR -8%, COUP -8%, APR -6%, HQY -5%, LESL -5%, JAMF -5%, LBRT -5%, NAPA -5%

Rags & Mags: Highlighted Stories may be clicked through to the original story.  Repeated stories from prior days never listed, i.e. “rehashed news”.

Stocks making the biggest moves SFIX COUP MCF (CNBC)

5 Things To Know Before Trading Starts. (CNBC)

May 2020 Study concluded it was possible Covid-19 leaked from a Wuhan lab. (WSJ)

Deutsche Bank warns of “global time bomb” due to coming inflation. (CNBC)

Robinhood looks at G-7 15% tax in each country multinational companies are in. Biogen (BGEN) shares rocket on Alzheimer’s drug.

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

Geopolitical:

The President receives the President’s Daily Brief, Oval Office, 10:15 a.m. EST

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

Press Briefing by Press Secretary Jen Psaki, Deputy Director of the National Economic Council Sameera Fazili, and Senior Director for International Economics and Competitiveness Peter Harrell, 1:00 p.m. EST

Federal Reserve Speakers: None of note today.

Economic:

May NFIB Small Business Optimism is due out at 6:00 a.m. EDT and came in last month at 99.8.

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

$58 Billion of 3 Year Auction at 1:00 p.m. EDT.

M&A Activity

Contango Oil & Gas (MCF) to combine with Independence Energy, owned by KKR, in an all stock deal, shares up 10.3%.

Meetings of Note:

Sellside Conferences: Deutsche Bank dbAccess Global Consumer Services (6/7-6/10) Evercore ISI TMT Conference (6/7-9) Goldman Sachs ESG Conference (6/7) Well Fargo Media and Telco: 5G & Streaming & Beyond (6/7) Goldman Sachs Global Healthcare Conference (6/8-11) Stifel Cross Sector Insight Conference (6/8-6/10) Baird Global Consumer Tech Conference (6/8-10) Bank of America Global Technology Conference (6/8-6/15) RBC Global Energy & Power Executive Conference (6/8-9) UBS Global Industrial & Transportation Conference (6/8-9)

Company Meetings: VREOF SHYF SHW GILT (Investor Meetings) LSCC  ECL (Update)  KDNY PDSB (Conference Call)  NBSE (R&D Day) BIIB (webcast)

Industry Meetings: American Society of Clinical Oncologists (ASCO) Meetings (6/4-8) Apple (AAPL) Developers Conference (6/7-11) LD Micro (6/8-6/10) NAREIT REITWeek Conference (6/8-6/10)

Upgrades & Downgrades:

Monday Recommendations

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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.