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09.20.2021 10 new Morning Note posts under Morning Note (10)

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"CAPIS Morning Note – 9/7/21: Stocks Up Modestly, Overseas Mixed And Goldman Cuts 2021 Growth to 5.7% From 6.0%"

posted by CAPIS on 09/07/2021 at 8:31 am

by CAPIS

09/07/2021 at 8:31 am

Breaking News:

Earnings Out After The Close

Beats: None of note

Flat: None

Misses: None of note

Capital Raises: 

IPOs Priced or News: Sportsrader (SRAD) and Dutch Bros (BROS) begin roadshows.

New SPACs launched: Centricus Acquisition (CNEH) to combine with Arqit Quantum to trade as ARQQ starting today.

Secondaries Priced: None of note.

Notes Priced of note:   None of note.

Common Stock filings: CORR FCUV LIQT PLSE PSTV RMBL SCYX of note.

Selling Shareholders of note: None of note.

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

Mixed Shelf Offerings: AEHR COMS HROW INBX  LMB OTRK PANW PRFX RSLS TVTX 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:

Moderna (MRNA) submits booster request to the EMA.

Index Changes: S&P 500 to add MTCH CDAY BRO.  S&P 400 to add PRGO UNM NOV TNDM. S&P 600  to add WW HCSG QURE.  Dropped from S&P 600 TISI MSTR UIHC.

United Technology (RTX) wins $750 million Navy Contract.

Northrup Grumman (NOC) wins $420 million Missile Defense Agency contract.

LGI Homes (LGIH) report 776 closings from 669 in August of 2020.

Barron’s + on XLRN NVTA  SRPT CMPS ALVR TMHC NFLX CAT RL HD INTC TXN AMGN

Dividend Increases: 

Stock Split: JAGX (1-3)

Higher Guidance:  (After the Close) None of note   (This Morning) None of note

Mixed Guidance:(After The Close) None of note  (This Morning)None of note

Lower Guidance:(After The Close) None of note (This Morning) None of note

Buyback Announcements: YI

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

S&P 500 +2 Dow Jones Industrial Average +26  NASDAQ +3  Russell 2000 +.05.  Fair values are mixed. Asia higher and Europe lower. VIX is at 18.20 in futures unchanged from Friday. VIX closed at 16.41 unchanged as well. 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 $133.05 from $133.53  with yields at 1.36% from 1.297% Friday morning. Bitcoin at $50,842 from $50,691 Friday morning, trading at $-996 or -1.97%.

Friday’s Action – 9/3 Close.  

Positive Sectors Friday: Technology, Materials and Communications Services of note.

Negative Sectors  Friday: Utilities, Financials and Industrials of note.

One Month Winners: Communication Services, Technology and Financials of note.

Three Month Winners: Technology, Communication Services and Healthcare of note.

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

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

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

Stocks were mixed, Bonds were lower, U.S. Dollar lower and Commodities higher ex Crude Oil. Updated 9/3 Close.

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

Today After the Close: COUP, SMAR, CASY of note.

Wednesday Before the Open: KFY, REVG of note.

Earnings of Note This Morning:

Beats: None of note.

Flat: None of note.

Misses: None of note.

Still to Report: None of note.

Insider Purchases:  One name has high short interest with Dumb Short Sellers MYOV and one with no history CRCT but high short intensity. Update 9/7/21

Erlanger Research Advance/Decline Chart –Updated through 9/3 close. The Daily A/D Line struggled a bit on Friday.

Gap Ups & Down In Early Pre-Market:

Gap up: CXP +16%, MTCH +13%, GENI +5%, FFIE +3%

Gap down: JAGX -19, PAX -8%, BMRN -7%, ADAP -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 JD BA MRNA SPOT (CNBC)

5 Things To Know Before The Open. (CNBC)

Overnight Repo comes in at $1.066 trillion in yesterday’s late afternoon report.

Covid-19 Data sees 171,123 cases versus 153,572 cases. 91,590 hospitalizations versus 85,611. Deaths 1,328 versus 1,138.

China reopens border with Hong Kong. (Bloomberg)

BMW expects car chip shortage to last another year. (Reuters)

Supply shortages and transportation issues hit Ikea in Ireland. (Bloomberg)

Hedge Fund Manager George Soros pens in an Op-Ed that Blackrock (BLK) move into China will hurt investors. (WSJ)

Ryanair (RYAAY) cancels order with Boeing. (WSJ)

Goldman cuts 2021 growth rate to 5.7% from 6.0% on Delta Variant concerns and lack of stimulus. (Bloomberg)

Pfizer (PFE) also submits a booster to EMA.

Limited supply of Apple (AAPL) Watch to hit in new product cycle. (Bloomberg)

Moving Average Update

Score at 97% from 100%. Updated 9/3 Close.

Geopolitical:

The President departs the White House en route Joint Base Andrews, 9:50 a.m. EST

The President arrives in Hillsborough Township, New Jersey, 11:40 a.m. EST

The President receives a briefing from local leaders on the impacts of Hurricane Ida, 12:15 p.m. EST

The President tours a neighborhood in Manville, New Jersey, 2:10 p.m. EST

The President departs Hillsborough Township, New Jersey en route Queens, New York, 3:10 p.m. EST

The President tours a neighborhood and delivers remarks on his Administration’s response to Hurricane Ida in Queens, New York, 4:00 p.m. EST

The President departs Queens, New York en route Joint Base Andrews, 6:00 p.m. EST

The President arrives at the White House, 7:15 p.m. EST

Fed Speakers 

None of note

Economic:

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

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

M&A Activity:

Shutterstock (SSTK) buys Pick Monkey for $110 million in cash.

Invitae (NVTA) to buy Ciitizen for $325 in cash and stock.

Meeting & Conferences of Note:

Sellside Conferences: Goldman Sachs Annual Biotech Symposium (9/7) UBS APAC Financial & Fintech Conference (9/7-8) Goldman Sachs Food Forum (9/7-9)

Company Meetings:  MUR PNW  (Investor Meetings)

Conferences of Note: PAINWEEK Conference (9/7-11)

Upgrades & Downgrades: Today recs see 12 notable upgrades and 1 downgrade. 

Friday Recommendations Of Note

DISCLAIMER

This communication is for informational purposes only and is solely intended for use by institutional investors. Use of this communication by others, including retail investors, is prohibited. No statement herein is to be construed as a recommendation to purchase or sell a security, or to provide investment advice. Certain products, including options and futures, may involve substantial risk and are not suitable for all investors. The information on this webpage is provided by an independent third party. While the information and opinions presented in this material have been obtained or derived from sources believed by Capital Institutional Services, Inc. (CAPIS) to be reliable, CAPIS makes no representations concerning its accuracy or completeness, and accepts no liability for loss arising from the use of this material.