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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 for 6/29/21: Large Cap Banks Up Dividends Across The Board, Futures Mixed And No Infrastructure Deal Yet"

posted by CAPIS on 06/29/2021 at 8:52 am

by CAPIS

06/29/2021 at 8:52 am

Breaking News: 

Earnings After The Close:

Beats: MLHR +0.17

Flat: None

Misses: None

Still to Report: None

Capital Raises: 

IPOs Priced or News: None of note.

New SPACs launched: Thoma Bravo Advantage (TBA) combines with iron SOurce (IS) and trading begins today.

Secondaries Priced: ZNTL XPO  of note.

Notes Priced of note: None of note.

Common Stock filings: NTLA ALGS KYMR of note.

Selling Shareholders of note: BTRS LAZR  of note.

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

Mixed Shelf Offerings: TIPT  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:

Regions Financial (RF) passes all minimum capital levels under Fed’s stress test.

Multiple banks report stress test levels.

Facebook (FB) wins antitrust case as Federal Judge throws the case out.

Dividend Increases: BNY BCC (special $2) MS  STT BAC TFC GS USB WFC PNC 

Stock Split: 

Higher Guidance: SRE

Mixed Guidance: 

Lower Guidance: 

Buyback Announcements: BNY MCFT ZEAL MS JPM WFC PNC NVO 

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

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, 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 $132.22 from $132.06 with the yield at 1.48%. Bitcoin is at $33879 from $33945 yesterday and higher by $694 and 2.12%.

Monday’s Action – 6/28 Close.  

Positive Sectors On Monday: Technology, Communication Services and Utilities.

Negative Sectors On Monday: Energy, Financials and Industrials 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 the Dow and Russell 2000, Bonds higher, U.S. Dollar dollar higher and Commodities mixed. Updated 6/28 Close.

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

Today After the Close: AVAV of note.

Wednesday Before the Open: STZ, GIS, BBBY of note.

 Earnings This Morning Of Note:

Beats: none

Flat: none

Misses: FDS (0.03)

Still to Report: EPAC

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 6/28 close. 

Gap Ups & Down In Early Pre-Market:

Gap up: KUKE +6%, HITI +5%, JEF +4%, BCC +3%, SND +3%, MS +3%

Gap down: SNSE -12%, ALGS -7%, KYMR -5%, BTRS -4%, USDP -4%

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  (CNBC)

5 Things To Know Before Markets Open. (CNBC)

President Biden to hold series of events to celebrate independence from Covid-19, maybe a bit premature with Delta variant? (Bloomberg)

Uber (UBER) to allow workers to spend 50% of their time in whatever environment they prefer. (Reuters)

Unites Airlines (UAL) adds 270 Boeing (BA) and Airbus (EADSY) to its fleet. Biggest add by an airline in a decade.

Robinhood  discusses the Facebook (FB) antitrust victory and how the win could push foes in Congress for more action. Honda (HMC) announces first EV.

Index Moving Averages: 6/28 Close – The Confidence Score is at 87%.  

Geopolitical:

Fed Speakers

Federal Reserve Richmond President Thomas Barkin speaks at 9:30 a.m. EDT.

Economic:

June Consumer Confidence is due out at 10:00 a.m. EDT and came in last month at 117.20 and is expected to rise this month to 120.

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

M&A Activity

PLBY Group (PLBY) to buy Honey Birdette for $333 million. (WSJ)

Builders Firstsource (BLDR) buys WTS Paradigm for $450 million.

Meetings of Note:

Sellside Conferences: Credit Suisse Sustainability Week (6/28-7/2) Citi Brazil Equity Conference (6/29-30) Credit Suisse Brazil Oil & Gas Conference (6/29) Nomura Industrials & New Energy Day. (6/29-30)

Company Meetings: SRE CPRI JACK UAL MFC PFG (Investor Day) SCYX  (Update) EHC REGN (Sellside Chat) EGAN USAU JLL (webinar)

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

Upgrades & Downgrades: Todays recs see 6 upgrades and 0 downgrades.

Friday Recs

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