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07.29.2021 15 new posts under Morning Note (10), CAPIS Insights (3), Compliance Docs. (2)

Morning Note

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Morning Note

"CAPIS Morning Note – 6/28/21: Stocks Up Modestly, Questions Abound on Delta Variant"

posted by CAPIS on 06/28/2021 at 8:33 am

by CAPIS

06/28/2021 at 8:33 am

Breaking News: Pfizer (PFE) and Moderna (MRNA) Covid-19 vaccine immunity could last years. (NYT)

Earnings After The Close:

Beats: None

Flat: None

Misses: None

Still to Report: None

Capital Raises: 

IPOs Priced or News: None of note.

New SPACs launched: None of note.

Secondaries Priced: None of note.

Notes Priced of note: None of note.

Common Stock filings: None of note.

Selling Shareholders of note:  MIST SMSI ATHX SRNE XFOR PCT ASTS NRXP CANO of note.

Private Placement of Public Entity (PIPE): None of note.

Mixed Shelf Offerings: ICLK FRG WWR  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:

Ecolab (ECL) to raise prices 9-15% within its industrial segment due to local cost increases.

Lockheed Martin (LMT) wins $740 million Navy contract.

Russell 2000 releases its final reconstitution list. Late additions OCN JOAN.

Johnson & Johnson (JNJ) settles opiod case with New York for $230 million.

Barron’s + on GTLS HTZGQ ASTE MLM ROAD URI VMC CAT DE MTW OSK TEK MSFT DRI.

WHO recommended masks for vaccinated and unvaccinated to fight the Delta variant of Covid-19.

Dividend Increases: BAM (special)

Stock Split: 

Higher Guidance: PERI 

Mixed Guidance: 

Lower Guidance: 

Buyback Announcements: OCFC IMAX 

What’s Happening This Morning: Futures value reflects the change with fair value. Markets worldwide higher on German IFO data which came in better than expected.

S&P 500 +3.8 Dow Jones Industrial Average -24 NASDAQ +48 Russell 2000 +1.20.  Fair values are mixed. Asia mixed and Europe lower. VIX is at 17.77 from 17.95  in futures. VIX closed at 15.62 from 16.32.

Gold lower, silver higher and copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $132.06 from $132.09 with the yield at 1.48%. Bitcoin is at $33879 from $33945 yesterday and higher by $694 and 2.12%.

Friday’s Action – 6/25 Close.  

Positive Sectors On Friday: Utilities, Financials and Consumer Cyclicals.

Negative Sectors On Friday: Technology of note.

One Month Winners: Technology, Real Estate and Communication Services  of note.

Three Month Winners: Energy, Real Estate and Financials of note.

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

Twelve Month Winners: Materials, Communication Services, Industrials, Financials and Technology of note.

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

Stocks were higher ex NASDAQ indexes, Bonds lower, U.S. Dollar dollar higher and Commodities higher. Updated 6/25 Close.

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

Today After the Close: MLHR of note.

Tuesday Before the Open: FDS, EPAC of note.

Earnings This Morning Of Note:

Beats: none

Flat: none

Misses: none

Still to Report: none

Insider Purchases: None of note this morning.

Below is the list of insider buys from this morning and is sorted by Erlanger Volume Swing (EVS). The idea here is simple. Find stocks where insiders are buying and the shorts are “dumb short sellers”.  No names with excess short selling so we sort by positive EVS. Updated 6/28

Erlanger Research Advance/Decline Chart –Updated through 6/25 close. In the last few days, now a good portion of the advance/decline has recovered.

Gap Ups & Down In Early Pre-Market:

Gap up: NTLA +31%, ABUS +16%, VGZ +11%, MNKD +6%, PERI +6%

Gap down: MIST -4%, SWI -3%

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  BA NTLA PERI JNJ TSLA BIIB NVDA (CNBC)

5 Things To Know Before Markets Open. (CNBC)

High vaccination rates are tied to lower Covid-19 cases. (NYT)

Delta variant of COvid-19 is spreading in states that have lower vaccination rates. (NUT)

U.S. launched airstrikes against Iran backed militia in Syria and Iran. (WSJ)

President Biden walked back his veto threat of the Infrastructure Bill if he did not get reconciliation component as well. (NYT)

Boeing (BA) 777X will not be approved until mid 2023. (Reuters)

Volkswagen (VWAGY) will resume Mexico production amid chip shortages. Is the shortage over? (Reuters)

UBS to allow some workers to be at home permanently. (FT)

Robinhood  discusses the first half of 2021 – America’s booming recovery, rise of alt-coins and Big Tech antitrust trouble. Looking ahead to second half of 2021.

Index Moving Averages: 6/25 Close – The Confidence Score is at 87%.  A nice recovery.

Geopolitical:

The President receives the President’s Daily Brief, Oval Office, 9:50 a.m. EST

Press Briefing by Press Secretary Jen Psaki, 12:30 p.m. EST

The President welcomes His Excellency Reuven Rivlin, President of the State of Israel, to the White House, Oval Office, 4:00 p.m. EST

Fed Speakers

Federal Reserve New York President John Williams speaks at 9:00 a.m. EDT.

Federal Reserve Philadelphia President Patrick Harker speaks at 11:00 a.m. EDT.

Federal Reserve Governor Randall Quarles speaks at 1:10 p.m. EDT.

Economic:

None of note.

M&A Activity

Brookfield Business (BBU) to buy Modulaire Group for $5 billion.

Meetings of Note:

Sellside Conferences: Stifel Waste Investor Summit (6/28) Guggenheim’s Biopharma Next Decade (6/28) Credit Suisse Sustainability Week (6/28-7/2) Piper Sandler ESL Takeaway Day (6/28).

Company Meetings: CC (Investor Day) ABEV (Update) NVO  (R&D Day) BOX (Sellside Chat) NTLA (Conference Call)

Industry Meetings: Mobile World Congress (6/28-7/1)

Upgrades & Downgrades: Todays recs see 8 upgrades and 2 downgrades.

Friday Recs

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