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"CAPIS Morning Note – 8/18/21: Stock Modestly Lower To Start The Day"

posted by CAPIS on 08/18/2021 at 8:51 am

by CAPIS

08/18/2021 at 8:51 am

Earnings Out After The Close:

Beats: JKHY +0.12, A +0.11, ALC +0.11, AMCR +0.01, CREE +0.01

Flat: None

Misses: CDK (0.01), DNUT (0.01), LZB (0.01)

Capital Raises: 

IPOs Priced or News: 

New SPACs launched:

Secondaries Priced:  None of note.

Notes Priced of note:  LNG UPST OPEN  of note.

Common Stock filings:  NREF PFMT of note.

Selling Shareholders of note: None of note.

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

Mixed Shelf Offerings:  None 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:

Texas Governor Greg Abbott test positive for Covid-19.

Legg Mason’s Bill Miller take a stake in Coinbase (COIN).

Dividend Increases: GPI MRTN 

Stock Split:

Higher Guidance: WB LOW LZB DNUT ALC A 

Mixed Guidance:

Lower Guidance: VIPS

Buyback Announcements: EPAY

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

S&P 500 -5 Dow Jones Industrial Average -84  NASDAQ +1 Russell 2000 +1.  Fair values are mixed. Asia higher and Europe lower. VIX is at 20.30 from 20.15  in futures. VIX closed at 17.91 from $16.12  . Gold and silver higher with copper lower. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $134.20 from $134.55 with yields at 1.27% from  1.227% yesterday morning. Bitcoin at $44,876 from $46835 yesterday morning, trading at -$625 or -1.37%.

Tuesday’s Action – 8/16 Close.  

Positive Sectors On Tuesday: Healthcare of note.

Negative Sectors On Tuesday: Consumer Cyclical, Materials, Industrials and Financials 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 higher ex Russell 2000, Bonds were higher, U.S. Dollar higher and Commodities higher ex natural gas. Updated 8/16 Close.

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

Today After the Close: NVDA, CSCO, SNPS, ZTO, BBWI, DLO, CVBF, SPTN, RRGB of note.

Thursday Before the Open: EL, NTES, BILI, LSPD, TPR, KSS, M, MSGS, LAC, BZUN, USCR of note.

Earnings of Note This Morning:

Beats: PLCE +1.23, LOW +0.24, WB +0.16, TGT +0.11, ADI +0.11, LITE +0.10, TJX +0.07

Flat: none

Misses: VIPS (0.26), EAT (0.04), SFL (0.03)

Still to Report: OSIS

Insider Purchases:  

We see  several names with heavy and moderate short selling with dumb short sellers so these highlighted names can be considered as potential buys, BMTX TRNS. Updated 8/17

Erlanger Research Advance/Decline Chart –Updated through 8/17 close. 

Gap Ups & Down In Early Pre-Market:

Gap up: ALC +10%, INST +7%, TLRY +7%, JKS +6%, WB +6%

Gap down: PFMT -11%, CDK -10%, CREE -6%, VTEX -5%

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 LOW TGT DNUT. (CNBC)

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

Covid-19 Data sees 113,993 cases versus 92,631 cases. 72,874 hospitalizations versus 55,779.  Deaths 535 versus 449.

All U.S. embassay workers are out of Afghanistan. (Bloomberg)

The Kabul Airport remains open as up to 22,000 Afghans will be evacuated to the U.S. (CNBC)

Florida government rescinds funding to towns that enforced a mask mandate. (Bloomberg)

Wildfires are on the increase again in California. PG&E (PCG) is starting to shut down power to  homes to 51,000. (Bloomberg)

Robinhood Snaps look at Tesla (TSLA) and its autopilot problem. Walmart (WMT) puts up strong quarter in its “back to life” phase.

Moving Average Update

Score at 53% from 83%.

Geopolitical:

The President receives the President’s Daily Brief, The White House, 9:30 a.m. EST

Press Briefing by White House COVID-19 Response Team and public health officials, James S. Brady Press Briefing Room, 11:00 a.m. EST

The President and The Vice President receive a briefing from members of the White House COVID-19 Response Team on the COVID-19 pandemic and the vaccination program, Oval Office, 2:15 p.m. EST

The President delivers remarks on the COVID-19 response and the vaccination program, East Room, 4:30 p.m. EST

Fed Speakers

Federal Reserve Chairman Powell speaks at 1:30 p.m. EDT in a town forum.

Federal Reserve Minneapolis President Neel Kashkarispeaks at 3:45 p.m. EDT.

Economic:

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

MBA Mortgage Applications fell by -3.8% week over week.

July Housing Starts are due out at 10:00 a.m. EDT and are expected to fall to 1,610,000 from 1,643,000.

The Federal Reserve Open Market Committee (FOMC) Minutes are due out at 2:00 p.m. EDT and are expected to be more hawkish in tone.

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

20 Year Bond Auction at 1:00 p.m. EDT.

M&A Activity:

Meeting & Conferences of Note:

Sellside Conferences: Credit Suisse Taiwan Non-Tech Day (8/16-18) JP Morgan Brazil Consumer and Healthcare Checkup 2021 (8/16-20) Deutsche Bank Virtual Transportation Conference (8/17-18) D.A. Davidson West Coast Bank Tour (8/17-18).

Company Meetings:  FORM (Investor/Analyst Meeting)  (Conference Call) TWLO (Fireside Chat)

Conferences of Note: Q3 Virtual Investor Summit (8/17-18) Society for Vascular Surgery Annual Meeting (8/18-21)

Upgrades & Downgrades: Today recs see 6 upgrades and 1 downgrades. 

Tuesday Recs

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