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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 – 6/30/21: Several IPOs Today, ADP Comes In Stronger and Stock Futures Slightly Lower"

posted by CAPIS on 06/30/2021 at 8:55 am

by CAPIS

06/30/2021 at 8:55 am

Breaking News: ADP Payroll came in at 692,000 versus estimates of 400,000.

Earnings After The Close:

Today After the Close: MU, SJR of note.

Thursday Before the Open: WBA, MKC, AYI, SMPL, LNN of note.

Capital Raises: 

IPOs Priced or News: Didi Gloval (DIDI) priced at $14 a share. Intapp (INTA) priced at $26 mid range of $25 to $28. Xometry (XMTR) priced at $44 a share above $38 to $42 a share range. LegalZoom.com (LZ) priced at $28 a share above $24 to $27 range.

New SPACs launched: Falcon Capital Acquisition (TBA) will begin trading as Sharecare and trading begins today.

Secondaries Priced: NTLA  EGLE MDB  of note.

Notes Priced of note: None of note.

Common Stock filings: GDYN REPX CERE MDB of note.

Selling Shareholders of note:  GDYN EGLE PTSI CDMO   of note.

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

Mixed Shelf Offerings: ATO O PTSI CDMO  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:

Altimmune (ALT) discontinuing further development of AdCOVID beyond Phase I.

Lam Research (LRCX) to be at 100% renewable energy by 2030 and carbon net zero by 2050.

Valley National (VLY) to buy Westchester Bank Holding Corp.

Walmart (WMT) expands cash rebates with agreement with Ibotta.

Vertex Energy (VTNR) to sell used motor oil collection  and refining assets to Clean Harbor (CLH) for $140 million in cash.

After The Close Trading: + VTNR +48% FTI +2% ATO +2%  and – ALT -37% REPX -10% GDYN -8% CERE -6%  AVAV -5%  MDB -4% CDMO -3%     .

Dividend Increases: 

Stock Split: 

Higher Guidance: 

Mixed Guidance: 

Lower Guidance: 

Buyback Announcements: INFU 

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

S&P 500 -4 Dow Jones Industrial Average -24 NASDAQ -8 Russell 2000 -8.  Fair values are mixed. Asia mixed and Europe lower. VIX is at  from 17.77 in futures. VIX closed at 16.02 from 15.62.

Gold lower while silver and copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is higher vs Euro, flat vs Pound and flat vs Yen. US 10 year Treasury price is at $132.44 from $132.22  with the yield at 1.46% from 1.48%. Bitcoin is at $34,700 from  $33879 yesterday and lower by $1633 and -4.50%.

Tuesday’s Action – 6/29 Close.  

Positive Sectors On Tuesday: Technology, Consumer Cyclicals and Materials.

Negative Sectors On Tuesday: Utilities, Real Estate and Energy 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 Russell 2000, Bonds higher ex 1-3 year, U.S. Dollar dollar higher and Commodities mixed. Updated 6/29 Close.

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

 Today After the Close: MU, SJR of note.

Thursday Before the Open: WBA, MKC, AYI, SMPL, LNN of note.

Earnings This Morning Of Note:

Beats: STZ +0.16, GIS +0.06

 

Flat:  none

 

Misses: none

 

Still to Report: BBBY

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”.  Several names with excess short selling and only TREC has smart short sellers while LMST EXLS VAPO have dumb short sellers. Several have no history but short selling is elevated in WPF AGAN. Updated 6/30

Erlanger Research Advance/Decline Chart –Updated through 6/29 close. 

Gap Ups & Down In Early Pre-Market:

Gap up: VTNR +33%, ATHX +11%, POWW +10%, CYT +6%, CFLT +4%, VAL +3%

Gap down: ALT -36%, ANGN -10%, REPX -10%, CERE -9%, GDYN -8%, EGLE -8%, MDB -5%, AVAV -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  BBBY SPCE XPEV MDB STZ (CNBC)

5 Things To Know Before Markets Open. (CNBC)

Dr. Fauci says that CDC will not change mask guidance for vaccinated Americans against Delta variant of Covid-19 because the vaccine is effective.

President Biden  could sign executive order on antitrust enforcement. (WSJ)

NYC Mayorial race in disarray  as counted 135,000 test ballots. (NYT)

Car traffic getting back to normal in cities as public transportation  remains avoided. (Crains)

Auto dealers are selling cars above sticker prices amid high demand. (WSJ)

Robinhood  discusses the

Index Moving Averages: 6/29 Close – The Confidence Score is at 90%.  

Geopolitical:

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

The President and The Vice President deliver remarks and convene Cabinet officials, Governors, and private sector partners to discuss the devastating intersection of drought, heat, and wildfires in the Western United States, and strengthening prevention, preparedness and response efforts for this wildfire season, South Court Auditorium, 11:00 a.m. EST

Press Briefing by Press Secretary Jen Psaki and Environmental Protection Agency Administrator Michael Regan, 1:00 p.m. EST

Fed Speakers

Federal Reserve Richmond President Thomas Barkin speaks at 1:00 p.m. EDT.

Economic:

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

June ADP Employment Report is due out at 8:15 a.m. EDT and is expected to fall to 400,000 from 978,000.

June Chicago PMI is due out at 9:45 a.m. EDT and is expected to fall to 70 from 75.20.

May Pending Home Sales are due out at 10:00 a.m. EDT and fell last month by -4.4%. There is no estimate.

OPEC Meeting and they are expected to increase production.

Weekly Crude Oil Inventories are due out at 10:30 a.m. EDT.

M&A Activity

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:  (Investor Day)   (Update)  (Sellside Chat)  (webinar)

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

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

Tuesday Recs

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