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Morning Note

News

Morning Note

"CAPIS Morning Note -7/12/21: It’s Earnings Week For Q2 Earnings."

posted by CAPIS on 07/12/2021 at 8:55 am

by CAPIS

07/12/2021 at 8:55 am

Breaking News:

Earnings After The Close:

Beats: none

Flat:  none

Misses: none

Capital Raises: 

IPOs Priced or News: None of note.

New SPACs launched: 

Secondaries Priced: None of note.

Notes Priced of note:  of note.

Common Stock filings:  of note.

Selling Shareholders of note: LPI ATIP IRIX YELL SGH  of note.

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

Mixed Shelf Offerings: GBOX ACCD INDT of note.

Convertible Offering & Notes Filed:  of note.

Note Offerings Filed:  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:

L Brands (LB) will separate Victoria Secret (VSCO) and Bath & Body Works (BBWI) into separate businesses starting August 3rd.

Judge schedules the Aon (AON) trial to its merger with with Willis Tower (WLTW) for November 18-23.

CVR Energy (CVR) names Icahn CFO David Willets to its board of directors.

Celldex (CLDX) presents positive data from CDX-0159 Phase 1b study in chronic inducible urticaria at EAACI 2021.

Barron’s: Chinese stocks starting to look like bargains. Meme stocks analysts throw in towel. Boat stocks at a peak but not MBUU. FDA underfire on Alzheimer’s Drug that they appproved. Stocks that are + BABA OTIS FB C X CLF NUE DDOG DT ESTC SPLK

Virgin Galactic (SPCE) first flight to space was a success on Sunday.

Dividend Increases: CIVB

Stock Split:

Higher Guidance: 

Mixed Guidance:

Lower Guidance:

Buyback Announcements: 

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

S&P 500 -9 Dow Jones Industrial Average -135  NASDAQ +28 Russell 2000 -13.  Fair values are mixed. Asia higher and Europe lower. VIX is at 18.10 from 18.55 in futures. VIX closed at 16.18 from 19. Gold, silver and copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is  lower. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $133.50 no change with the yield at 1.334% from 1.336%. Bitcoin is at $33589.02 from $32,693 Friday morning and lower by $322 and -0.95%.

Friday’s Action – 7/9 Close.  

Positive Sectors On Friday: Materials, Financials and Real Estate of note.

Negative Sectors On Friday:  None of note.

One Month Winners: Technology, Consumer Cyclical and Materials of note.

Three Month Winners: Energy, Real Estate and Healthcareof note.

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

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

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

Stocks were higher, Bonds lower, U.S. Dollar dollar lower and Commodities were higher. Updated 7/9 Close.

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

Today After the Close: none of note.

Tuesday Before the Open: JPM, PEP, GS, FRC, FAST, CAG, ANGO of note.

Earnings This Morning Of Note:

Beats: none

Flat:  none

Misses: none

Insider Purchases:  One stock this morning with heavy short selling.

 

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”. Only ETNB has dumb short sellers. Updated 7/9

Erlanger Research Advance/Decline Chart –Updated through 7/9 close. 

Gap Ups & Down In Early Pre-Market:

Gap up: CLDX +33% SPCE +8% BCRX +4% 

Gap down: DIDI -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 SPCE CAKE JWN JPM BAC UAL CCL  (CNBC)

5 Things To Know Before Markets Open. (CNBC)

Protests picked up intensity in Cuba this weekend. (WSJ)

European Central Bank (ECB) to come out with new stimulus guidance in 10 days. (Bloomberg)

ByteDance which owns TikTok puts IPO on hold. (WSJ)

Biden Administration will increase efforts to get 18-29 year olds vaccinated and increase their vaccination rates. (WSJ)

Congress continues to debate infrastructure deal. (WSJ)

Microsoft (MSFT) looks to buy RiskIQ. (Bloomberg)

Index Moving Averages: 7/9 Close – The Confidence Score moves to 90% from 60%.  

Geopolitical:

The President and The Vice President receive the President’s Daily Brief, Oval Office, 10:00 a.m. EST

Press Briefing by Press Secretary Jen Psaki, 12:15 p.m. EST

The President meets with the Attorney General and local leaders, including law enforcement, elected officials, and a community violence intervention expert, to discuss his Administration’s comprehensive strategy to reduce gun crimes, Roosevelt Room, 1:15 p.m. EST

 Fed Speakers

Federal Reserve New York President John Williams to speak at 9:30 a.m. EDT.

Federal Reserve Minneapolis President Neel Kaskari to speak at 12:00 EDT.

None of note.

Economic:

NYSE and NASDAQ Short Interest is due out after the close for the period of June 11th through June 28th on a trade date basis. During this period, the S&P 500 rose 1.02%.

Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as NFIB Small Business Optimism, CPI, PPI, Philadelphia Fed Index, Empire State Manufacturing, Industrial Production, Retail Sales and University of Michigan Consumer Sentiment.

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

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

M&A Activity:

Penn Virginia (PVAC) to buy Lonestar Resources in all stock deal.

Meetings of Note:

Sellside Conferences: None of note.

Company Meetings:  ADSK XENE FDX (Investor Meeting)  

Industry Meetings: None of note.

Upgrades & Downgrades: Todays recs see 8 upgrades and 1 downgrades.

Friday Recs

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