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

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Morning Note

"CAPIS Morning Note – 6/9/21:"

posted by CAPIS on 06/09/2021 at 8:44 am

by CAPIS

06/09/2021 at 8:44 am

Breaking News:

Earnings Of Note After The Close:

Beats: CASY +0.26, CMTL +0.24, ABM +0.11

Flat:  none

Misses: BEST (0.37), CVGW (0.01)

Capital Raises: 

IPOs Priced or News: None

New SPACs launched: Churchill Capital (CCX) to close deal with Skillsoft on Friday.

Secondaries Priced: CVM  OPCH ONDS TIGR  of note.

Notes Priced of note:  of note.

Common Stock filings:  CLVT ONDS ACRS CVM  0f note.

Selling Shareholders of note:  of note.

Private Placement of Public Entity (PIPE):

Mixed Shelf Offerings:  ITI ASB EYES LFMD  of note.

Convertible Offering & Notes Filed: CLVT 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:

Comtech Telecom (CMTL) sees revenues hurt by U.S. withdrawal from Afghanistan.

Senate passes China Counter Bill and it heads to the House for approval.

President Biden cuts off infrastructure talks with Senator Shelly Capito (R-WV) and moves to another group of bipartisan Senators.

Sherwin Williams (SHW) raised guidance.

Afterhours: LYRA +15% GSL +7% DCRC +5% VAL +4% with losses in ONDS -14% CMTL -8% PATH -8% BEST -6% EYES -5% CVGW -4%

Dividend Increases: 

Stock Split: 

Higher Guidance: ABM

Mixed Guidance: 

Lower Guidance: 

Buyback Announcements: PEGA

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

S&P 500 +4 Dow Jones Industrial Average -3 NASDAQ +35 Russell 2000 +3.4.  Fair values are lower today. Asia and Europe mixed. VIX is at 20.15 from 17.65  in futures. VIX closed at 17.07 from 16.42.

Gold, silver and copper lower. 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 $132.66 from $132.36 with the yield at 1.487% from 1.538%.  Bitcoin $34,958 from  $33109 yesterday morning up $2109 and +6.42%.

Tuesday’s Action – 6/8.  

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

Negative Sectors On Tuesday: Utilities, Consumer Defensive and Healthcare 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 higher, U.S. Dollar higher and Commodities mixed. Updated 6/8 Close.

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

Today After the Close: GME, RH, VRNT, GEF, RSI, OXM of note.

Thursday Before the Open: FIZZ, JWA, SIG, DCBO of note.

Earnings This Morning Of Note:

Beats: LOVE +0.69, UNFI +0.02

Flat:  none

Misses: CPB (0.09), BF.B (0.08)

Still to Report: VRA

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 6/8. Very Strong as breaking out to new highs!!

Gap Ups & Down In Early Pre-Market:

Gap up: CLNE +33.7%, LYRA +21.7%, TMDX +9.3%, GSL +7.8%, DCRC +5.6%, SPXC +5%, VAL +3.7%

Gap down: ONDS -15.6%, CVM -9.7%, CLVT -7.1%, CMTL -6.6%, PATH -6.6%, LFMD -5%, OPCH -4.4%, THCB -3.6%

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  CLOV CPB RIDE (CNBC)

5 Things To Know Before Trading Starts. (CNBC)

CDC finds now that 33 countries are able to be traveled to. (CNN)

President Joe Biden heads to visit with the European Allies. (AP)

Coronavirus D Variant is now 6% of U.S. cases but vaccines are effective against this variant. (The Washington Post)

Cost of living rises as Uber (UBER) and Lyft (LYFT) raise prices as does AirBNB (ABNB). (NYT)

Democrats concerned about approval of Biogen (BIIB) Alzheimer’s drug. (Bloomberg)

Air Products (APD) and Baker Hughes (BKR)  to develop next generation  hydrogen compression.

Robinhood Snacks looks at Crypto Currency prices drop after  the FBI recovered Bitcoin use to pay for the Colonial Pipeline. Fastly (FSLY) flies yesterday up 11% despite outage.

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

Geopolitical:

The President and The First Lady depart the White House en route Royal Air Force Mildenhall, United Kingdom, 8:10 a.m. EST

Press Secretary Jen Psaki and National Security Advisor Jake Sullivan will speak aboard Air Force One en route Royal Air Force Mildenhall, 10:00 a.m. EST

The President and The First Lady arrive at Royal Air Force Mildenhall, United Kingdom 3:00 p.m. EST (8:00 PM Local)

The President and The First Lady deliver remarks to US Air Force personnel and their families stationed at Royal Air Force Mildenhall 3:45 p.m. EST (8:45 PM Local)

The President and The First Lady depart Royal Air Force Mildenhall en route Cornwall Airport Newquay 4:30 p.m. EST (9:30 PM Local)

The President and The First Lady arrive at Cornwall Airport Newquay 5:55 p.m. EST (10:55 PM Local)

The President and The First Lady depart Cornwall Airport Newquay 6:20 p.m. EST (11:20 PM Local)

The President and The First Lady arrive in St. Ives 6:40 p.m. EST (11:40 PM Local)

Federal Reserve Speakers: None of note today.

Economic:

Weekly API Petroleum Data was out at 4:30 p.m. EDT and saw a .

Weekly MBA Mortgage Applications saw a drop of -3.1%.

Weekly Crude Oil Inventories are due out at 10:00 a.m. EDT.

$38 Billion of 10 Year Auction at 1:00 p.m. EDT.

M&A Activity

Meetings of Note:

Sellside Conferences: Deutsche Bank dbAccess Global Consumer Services (6/7-6/10) Evercore ISI TMT Conference (6/7-9) 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) Deutsche Bank Global Basic Materials Conference (6/9-10) Bank of America Global Technology Conference (6/9-10) William Blair Growth Conference (6/9) BNY Mellon ESG Investor Conference For Financial Services (6/9)

Company Meetings: DTE VREOF APD (Conference Call) HCKT (Webinar)

Industry Meetings:  Apple (AAPL) Developers Conference (6/7-11) LD Micro (6/8-6/10) NAREIT REITWeek Conference (6/8-6/10)

Upgrades & Downgrades:

 

Tuesday 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.