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09.30.2022 11 new Morning Note posts under Morning Note (10) and CAPIS Insights (1)

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Morning Note

"CAPIS Morning Note -8/10/21: Stocks Mixed In Pre Market, Yields Up Slightly"

posted by CAPIS on 08/10/2021 at 9:16 am

by CAPIS

08/10/2021 at 9:16 am

Earnings Out After The Close:

Beats: CABO +5.59 ELY +0.36 HLIO +0.34 STE +0.27 EVBG +0.26 AMC +0.25 CBT +0.17 MODN +0.14 DOOR +0.11 RCKT +0.10 DDD +0.07 of note.

Flat: None of note.

Misses: FGEN -0.83 CF -0.44 RGNX -0.37 RPAY -0.29 PRP -0.08 of note.

Capital Raises: 

IPOs Priced or News: 

New SPACs launched: None of note.

Secondaries Priced: SIVB WPC of note.

Notes Priced of note: UBER   of note.

Common Stock filings: BCRX WPC FRC SIVB   of note.

Selling Shareholders of note: IGMS ATER  of note.

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

Mixed Shelf Offerings:  ENTA EBS BCLI IGMS   of note.

Convertible Offering & Notes Filed: NET AVLR  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:

Canadian Pacific (CP) makes increased offer for Kansas City Southern (KSU). (WSJ)

TimkenSteel (TMST) to increase pricing on special bar quality and seamless mechanical tubing product.

Boston Federal Reserve President Rosengren thinks Fed should say in September that taper should start in fall. (CNBC)

Assets Under Management updates CNS at $99 billion.

CNA Financial (CNA) CFO Al Miralles resigns.

Dividend Increases: 

Stock Split:

Higher Guidance: MODN NTR

Mixed Guidance:

Lower Guidance: 

Buyback Announcements: DOOR VRRM

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

S&P 500 -1 Dow Jones Industrial Average -14  NASDAQ +18 Russell 2000 +1.  Fair values are mixed. Asia higher and Europe mixed. VIX is at 18.20 from 18.88 in futures. VIX closed at $16.72 from $16.15. Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is higher vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $133.67 from $134.11 with yields at 1.322% from 1.278% Monday morning. Bitcoin at $45546 from $45721 yesterday morning, trading at $-616 or -1.32%.

Monday’s Action – 8/9 Close.  

Positive Sectors On Monday:  Healthcare, Communication Services and Consumer Defensive of note.

Negative Sectors On Monday:  Energy, Industrials and Real Estate of note.

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

Three Month Winners: Energy, Real Estate and Healthcare of 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 mixed, Bonds were lower, U.S. Dollar higher and Commodities lower. Updated 8/9 Close.

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

Tuesday After the Close: U, MCFE, DAR, COHR, PAAS, NARI, STEP, SGFY, JAMF, FUBO, FLYW, GO, TASK, EPAY, ONTF, LRN of note.

Wednesday Before the Open: RPRX, CAE, PRGO, BEAM, WEN, APG, BLI, HAE, VERX, GOOS, SFL, TUFN of note.

Earnings of Note This Morning:

Beats: TDG +0.34 KRNT +0.14 IIVI +0.12 NOVT +0.11 SYY +0.11 BSY +0.08 VSH +0.02 ARMK +0.01

Flat: None of note.

Misses: CSPR -0.50 BEAM -0.49 DFH -0.12 IMOS -0.08

Still to Report: 

Insider Purchases:  

We see moderate short selling with smart short sellers so this should not be considered as potential buys for DPW BHE CNR. Updated 8/9

Erlanger Research Advance/Decline Chart –Updated through 8/9 close. 

Gap Ups & Down In Early Pre-Market:

Gap up:

ARCT +30.7%, DDD +14.1%, LU +13.4%, MODN +12%, ORGO +12%, HALO +11.8%, PRPL +11.1%, ASTR +9.3%, QLYS +8.5%, VRRM +8.4%, AMC +7.2%, PPTA +4.8%, APPS +4.7%, EVBG +4.5%, NTR +4.4%, ELY +3.9%, ATRA +3.7%, CHGG +3.6%

Gap down:

MILE -20.1%, SDC -15.2%, FLGT -15.1%, FLGT -14.7%, ATER -10.7%, RETA -9.7%, SQSP -8.9%, VUZI -8.3%, REAL -6.1%, SAIL -5.1%, AVLR -4.6%, FGEN -4.3%, SIVB -4.1%, BCRX -3.7%, FRC -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 CSPR AMC DDD KSU ARMK. (CNBC)

5 Things to Know Before The Market Opens. (CNBC)

Covid-19 Data sees 51,638 cases versus 15,896 cases. 49,586 hospitalizations versus 35,236. Deaths 204 versus 67. Tuesday data is lower because only partial reporting by states. Will be higher tomorrow.

Senate will vote on $1 Trillion bipartisan infrastructure bill. (Politico)

Progressive opposition to Federal Reserve Chairman Powell’s renomination could hurt his chances. (WSJ)

Senate fails to limit cryptocurrency  reporting requirements in the infrastructure bill. (The Washington Post)

Canada opens border to U.S. citizens. (NY Times)

NBC (CMCA) had lowest ratings ever for Olympics. (WSJ)

Softbank (SFTBY) sold stakes in MSFT FB and GOOGL. (FT)

Tesla (TSLA) saw July Chinese shipments fall 69% versus June. (Bloomberg)

Robinhood Snaps looks at Target (TGT) and Walmart (WMT) moves to pay for 100% of college tuition for workers. Cargill and Continental Grain purchase of Sanderson Farms (SAFM) reviewed.

Index Moving Averages: 8/9 Close – The Confidence Score moves to 97%.  

Geopolitical:

President Biden receives the daily presidential briefing at 9:15 a.m. EDT and after returns to The White House.

Press Briefing by Jen Psaki at 12:30 p.m. EDT.

The President receives a briefing from the head of FEMA and Homeland Security on hurricane preparedness in like of Covid-19 at 3:45 p.m. EDT.

Fed Speakers

Federal Reserve Cleveland President Loretta Mester speaks at 10:30 a.m. EDT.

Federal Reserve Chicago President Charles Evans speaks at 2:30 p.m. EDT.

Economic:

July NFIB Small Business Optimism is due out at 6:00 a.m. EDT and came in during June at 102.50.

The latest NYSE and NASDAQ Short Interest Data is due out after the close for the period of July 15th through July 30th on a settlement basis.

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

$58 billion of 3 Year Notes are auctioned at 1:00 p.m. EDT.

M&A Activity:

Equifax (EFX) to buy Appriss Insights for $1.825 billion.

Meeting & Conferences of Note:

Sellside Conferences: BTIG Virtual Biotechnology Conference (8/9-10) Cowen Annual Communications Infrastructure Summit 2021 (8/9-12) Oppenheimer Annual Technology, Internet & Communication Conference (8/9-11) KeyBanc Technology Leadership Virtual Forum (8/9-12) Guggenheim MedTech Disruptors Summit (8/9-10) Wedbush PacGrow Healthcare Conference (8/10-11) UBS Genomics 2.0 and MedTech Innovations Summit (8/10-12) Bank of America SMID Conference (8/10) Canaccord Genuity Conference (8/10-12) Barclays Select Series: Building and Building Products Conference 2021 (8/10-11) UBS Financial Services Virtual Conference (8/10-11) Wells Fargo Technology Services Forum (8/10-11)

Company Meetings:  ZLAB (R&D Day) 

Conferences of Note: Health and Information Management Systems 2021 (8/9-13) Smarter Faster Payments Conference  (8/9-12)

Upgrades & Downgrades: Today recs see 7 upgrades and 2 downgrades. 

Monday Recs

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