Earnings Out After The Close
IPOs Priced or News
New SPACs launched:
Secondaries Priced: None of note.
Notes Priced of note: None of note.
Common Stock filings: PBF DLPN CCCS STAF TRVI UPH of note.
Selling Shareholders of note: SBOW CCCS of note.
Private Placement of Public Entity (PIPE): None of note.
Mixed Shelf Offerings: VCEL MRVL RAIL of note.
Convertible Offering & Notes Filed: HD 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:
Wingstop (WING) names Michael Skipworth to President and COO.
Amazon (AMZN) partners with Affirm (AFRM) to bring Affirm flexible payment solution to Amazon customers at checkout.
Baron’s + on BABA TCEHY YUMC POLY DHI LEN PHM NVR JCI CARR ALLE LULU HP DELL HTZZ
Hurricane Ida made landfall on Sunday.
Higher Guidance: (After the Close) (This Morning)
Lower Guidance: (After The Close) (This Morning)
What’s Happening This Morning: Futures value reflects the change with fair value.
S&P 500 +6 Dow Jones Industrial Average +33 NASDAQ +14 Russell 2000 +7.65. Fair values are mixed. Asia and Europe higher. VIX is at 18.88 from 19.50 in futures. VIX closed at 16.39 from 18.84. Gold, silver and copper higher. WTI Crude Oil lower and Brent Oil Futures higher. Natural Gas is lower. $ is lower vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $133.89 from $133.58 with yields at 1.314% from 1.348% yesterday morning. Bitcoin at $47,650 from $47,494.73 on Friday morning, trading at $-1137 or -2.33%.
Friday’s Action – 8/27 Close.
Positive Sectors On Friday: None of note.
Negative Sectors On Friday: Energy, Materials and Consumer Cyclical 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, Bonds were higher, U.S. Dollar lower and Commodities higher. Updated 8/27 Close.
Upcoming Earnings Of: (sorted by market cap, highest to lowest with most visible names)
Today After the Close: ZM, STNE, NDSN of note.
Tuesday Before the Open: NTES, AMWD of note.
Earnings of Note This Morning:
Beats: CTLT +0.05
Misses: LI (0.07), AKTS (0.01)
Still to Report: CLDR
Insider Purchases: One name has high short interest but Short Sellers are smart short sellers in NAUT. Update 8/27/21
Erlanger Research Advance/Decline Chart –Updated through 8/27 close. The Daily A/D Line is trying to rally past the mid August high.
Gap Ups & Down In Early Pre-Market:
Gap up: AFRM +37%, SPRT +35%, NCTY +12%, IDEX +10%, NEGG +6%, LI +3%
Gap down: ASTR -23%
Rags & Mags: Highlighted Stories may be clicked through to the original story. Repeated stories from prior days never listed, i.e. “rehashed news”.
Overnight Repo comes in at $1.10 trillion.
Covid-19 Data sees 156,742 cases versus 157,450 cases. 88,009 hospitalizations versus 79,3107. Deaths 1,329 versus 1,120.
U.S. conducted more strikes against ISIS-K targets. (NYT)
Ida downgraded to a tropical storm. One million without power and one dead so far. (The Weather Channel)
North Korea restarts Yongbyon nuclear reactor. (WSJ)
China to sell 150,000 tons of metals from its reserve. (Bloomberg)
Europe will limit travel to essential travel from the U.S. due to Delta Variant. (WSJ)
Israel will provide booster shots to those 12 and older.
Millions of Americans will lose eviction protection and unemployment benefits in a matter of days. (The Washington Post)
NIH Director Dr. Fauci said booster should come 8 months after first shot but are flexible. Believes local school district should mandate vaccine on children. (CNN)
Malaysia Covid-19 surge could extend chip shortage.
Japan looks at deaths of two people after receiving Moderna (MRNA) shot. (FT)
Tesla (TSLA) CEO Elon Musk say he has concerns about Nvidia (NVDA) buying Arm Holdings (ARMH). (Telegraph)
Robinhood Snaps looks at growth of SPACs.
Moving Average Update
Score at 100% from 85%.
The President receives the President’s Daily Brief, 9:30 a.m. EST
The President and The Vice President meet with their national security team to receive intelligence, security, and diplomatic updates on the evolving situation in Afghanistan, Situation Room, 10:00 a.m. EST
Press Briefing by Press Secretary Jen Psaki, 1:30 p.m. EST
July Pending Home Sales are due out at 10:00 a.m. EDT and is expected to rise to 0.5% from -1.9%.
Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as pending home sales, Chicago PMI, S&P Case-Schiller Home Price Index, consumer confidence, ADP Employment Report, ISM Manufacturing Index, construction spending, factory orders, nonfarm payrolls, unemployment rate and ISM Manufacturing Index.
CNH Industrial (CNHI) buys Sampierana S.p.A for 101.8 pounds.
Ideanomics (IDEX) buys VIA Motors in all stock deal for $450 million.
Baxter (BAX) to buy Hill-Rom Holdings (HRC) for $10 billion.
Meeting & Conferences of Note:
Sellside Conferences: Citi Asia TMT Conference (8/26-9/1) Commerzbank Sector Annual Coporate Conference (8/30-9/2) UBS China A-Share Virtual Conference (8/30-9/1) Credit Suisse China Internet C-Level Conference (8/30-9/1)
Company Meetings: TSHA (Webinar) AKTS (Conference Call)
Conferences of Note: None of note.
Upgrades & Downgrades: Today recs see 7 upgrades and 2 downgrades.
Friday Recommendations Of Note