Overnight Summary- Global market are getting rocked by debt failure by Evergrande in China. (see Rags & Mags)
Breaking News – Pfizer (PFE) feels they are good to go on getting approval of those 5-11 in the next few weeks from the FDA.
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: DYNT NUWE PIXY SCYX of note.
Selling Shareholders of note: None of note.
Private Placement of Public Entity (PIPE): None of note.
Mixed Shelf Offerings: BWAY CVAC MARK PBFX 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:
FDA Panel votes 18-0 to extend Boosters for those 65 and over.
Boeing (BA) wins a $1.6 billion Air Force contract.
Quidel (QDEL) wins a $710 Defense Logistics Agency contract.
OraSure (OSUR) wins a $510 million Defense Logistics Agency contract.
Barron’s BHP VALE RIO PFE MRK AVIR RHHBY AAPL and +/- NKE.
Key Story Afterhours: Lead story was the denial of the Booster across all age groups that have been approved and limiting to only 65 and older.
Higher Guidance: (After the Close) of note (This Morning) of note
Mixed Guidance:(After The Close) of note (This Morning) of note
Lower Guidance:(After The Close) of note (This Morning) of note
Buyback Announcements: VIAV
What’s Happening This Morning: Futures value reflects the change with fair value.
S&P 500 -79 Dow Jones Industrial Average -673 NASDAQ -265 Russell 2000 -58 . Fair values are mixed. Asia higher ex Hong Kong and Europe lower. VIX is at 24.05 from 20.70 in futures from Friday. Gold and silver higher and copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, higher vs Pound and lower vs Yen. US 10 year Treasury price is at $133.14 from $133 from with yields at 1.31% from 1.34% yesterday morning. Bitcoin at $42,906 from $47,394 yesterday morning, trading at $-4664 or -9.81%.
Friday’s Action – 9/17 Close.
Positive Sectors Friday: Healthcare of note.
Negative Sectors Friday: Materials, Energy, Technology and Utilities of note.
One Month Winners: Technology, Communication Services, Real Estate and Energy of note.
Three Month Winners: Technology, Communication Services and Healthcare of note.
Six Month Winners: Technology, Communication Services and Real Estate of note.
Twelve Month Winners: Communication Services, Energy, Technology, Financials and Industrials of note.
Year to Date: Energy, Communication Services, Energy, Financials, Real Estate and Technology of note.
Stocks were lower ex Russell 2000, Bonds were lower, U.S. Dollar higher and Commodities mostly lower. Updated 9/17 Close.
Upcoming Earnings Of: (sorted by market cap, highest to lowest with most visible names)
Today After the Close: LEN of note.
Tuesday Before the Open: AZO, NEOG CBRL, APOG of note.
Earnings of Note This Morning:
Still to Report: CGNT
Still to Report: None
Erlanger Research Advance/Decline Chart –Updated through 9/17 close. Today we show multiple A/D lines of several indexes.
Gap Ups & Down In Early Pre-Market:
Gap up: VSTM +28%, MRTX +14%, SPPI +5%, SRNE +4%.
Gap down: LI -4%, JD -4%, FXI -3%, BABA -3%
Insider Action: Of note see Insider buying with Dumb short selling. 9/17/21
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 $1.118 trillion in yesterday’s late afternoon report.
Covid-19 Data sees +154,513 from +162,179 cases. Deaths at 2,087 from 1,860 deaths. Hospitalizations 83,829 from 89,211. Through 9/17.
All 50 Republican Senators do not support debt ceiling increase attached to short term funding bill that needs 60 votes (10 Republican Senators). Means Government Shutdown and Treasury running out of money in late October. (The Washington Post)
Moving Average Update
Score at 57% from 53%. Updated 9/16 Close.
The President departs Rehoboth Beach, Delaware en route the White House. 11:00 a.m. EST
The President arrives at the White House, 12:00 p.m. EST
The President receives the President’s Daily Brief, 12:30 p.m. EST
Press Briefing by Press Secretary Jen Psaki, 1:00 p.m. EST
The President departs the White House en route Joint Base Andrews, 3:55 p.m. EST
The President departs Joint Base Andrews en route New York, New York, 4:15 p.m. EST
The President arrives in New York, New York, 5:10 p.m. EST
The President arrives in Manhattan, New York, 5:45 p.m. EST
The President participates in a bilateral meeting with United Nations Secretary-General António Guterres, 6:30 p.m. EST
None of note for today or this week but that is subject to change.
September NAHB Housing Index is due out at 10:00 a.m. EDT and is expected to drop to 74 from 75.
Meeting & Conferences of Note:
Sellside Conferences: Bank of America Real Estate Conference (9/20 -23) Oppenheimer Fall Healthcare Life Sciences & Med Tech Summit (9/20-23) Baader Investment Conference (9/20-22)
Company Meetings: HRI BEPC BIPC BBU BAM TGTX JAGX PNW (Investor Meetings) SYRS FMS (Conference Call) ANGN (R&D Day)
Conferences of Note: International Parkinson and Movement Disorder Society Annual Congress (9/17-22)
Upgrades & Downgrades: Today recs see 5 notable upgrade and 0 downgrades.
Friday Recommendations of Note: