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10.21.2021 11 new Morning Note posts under Morning Note (10) and CAPIS Insights (1)

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Morning Note

"CAPIS Morning Note – 9/27/21: Stocks Lower As Bond Yield Jump On 10 Year Above 1.50%."

posted by CAPIS on 09/27/2021 at 8:46 am

by CAPIS

09/27/2021 at 8:46 am

Overnight Summary-  Markets are modestly positive following the German elections that will take several months to for a coalition.

Breaking News – Federal Reserve Boston President Rosengren resigning due to health issue with his kidneys. 10 Year Yield at 1.51%/

Earnings Out After The Close

Beats: None of note.

Flat: None of note.

Misses: None of note.

Capital Raises: 

IPOs Priced or News: 

New SPACs launched: Amplitude Healthcare Acquisition Corp (AMHC) merges with Jasper Therapeutics and will trade as JSPR starting today.

Secondaries Priced: None of note.

Notes Priced of note:  None of note.

Common Stock filings: CZOO RKLB of note.

Selling Shareholders of note:  CZOO MGY VCTR CIFR OPAD   of note.

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

Mixed Shelf Offerings: ESS SUN VNRX PLL 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:

Terminix (TMX) CFO Kim Scott resigned. Company reaffirms guidance.

Sonoco Products (SON) will raise prices on recycled paperboard grades sold in itsd EMEA regions.

FDA extends review of Opko Health (OPK) and Pfizer (PFE) BLA for somoatrogon for pediatric growth hormone deficiency.

Delta (DAL) sees a place for Boeing (BA) 737 Max at the carrier.

Amazon (AMZN) to begin charging for grocery delivery from Whole Foods, $9.95.

Lockheed Martin (LMT) wins $1.1 billion modification to previously awarded contract.

Amtrak train crashed in Montana and killed three people. NTSB investigating.

Barron’s + on XLRN ASND ALNY AGRXALT EDIT BCRX SMG LICY VZIO

Dividend Increases: 

Stock Split: 

Buyback Announcements: 

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)  SPNE of note (This Morning)  of note

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

S&P 500 -15 Dow Jones Industrial Average +2 NASDAQ -135  Russell 2000 +1.13. Fair values are mixed. Asia mixed and Europe higher. VIX is at 20.06 from 21.24 from 21.30 in futures  from Friday. Gold lower with silver higher and  copper lower. 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 $131.80 from $132.30 with yields at 1.487% from 1.423% yesterday morning. Bitcoin at $43,645 from $41,389 yesterday morning, trading at $357 or 0.82%.

Friday’s Action – 9/24 Close.  

Positive Sectors Friday: Communication Services, Financials and Industrials of note.

Negative Sectors Friday: Real Estate, Healthcare and Materials 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 mixed, Bonds were lower, U.S. Dollar higher and Commodities mixed. Updated 9/24 Close.

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

Today After the Close: None of note.

Tuesday Before the Open: INFO, FDS, SNX, DAVA, THO, UNFI of note.

Earnings of Note This Morning:

Beats: None of note.

Flat: None of note.

Misses: None of note.

Still to Report: 

Erlanger Research Advance/Decline Chart –Updated through 9/24 close.  A bounce off the August lows.

Gap Ups & Down In Early Pre-Market:

Gap up: SNDX +8.2%, ALT +6.8%, GGPI +6.6%, LICY +5.8%, RDS.A +3.5%, GCI +3.3%, XLRN +3.2%, BP +2.9%, TTE +2.8%, SMG +2.7%

Gap down: ASLN -24.3%, SPNE -7%, VNRX -6.2%, OPK -5.3%, EVLO -3.6%, OPAD -2.9%

Insider Action: Of note, UIHC sees Insider buying with dumb short selling and smart short sellers in SXT. 9/27/21

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    (CNBC)

5 Things to Know About Today’s Open. (Bloomberg)

Overnight Repo comes in at $1.38 trillion in Friday’s late afternoon report.

Covid Stats: Cases 130,638 from 154,513 a week ago. Deaths 2,177 from 2,087 a week ago. Hospitalizations 77,252 from 83,829.

Germany will need several weeks post election to form a coalition. (WSJ)

Huawei Executive Meng Wanzhou has been released. (CNN)

House to vote on Thursday on a $550 billion bill. Unclear if it passes at this point.

Federal Reserve could restart emergency measures if debt ceiling not raised. (WSJ)

Pfizer (PFE) CEO believes that life will return to normal within a year and boosters will become the norm for Covid-19. (CNBC)

Facebook (FB) to pause Instagram Kids.

FDA accepts Bristol Myers (BMY) applications for Opdivo+Yervoy in esophagel squanmous cell carcinoma.

Robinhood Snaps looks at Facebook (FB) docs on mental health impact on young users. 

Moving Average Update

Score at 77% from 80% unchanged. Updated 9/24 Close.

Geopolitical:

The President and The Vice President receive the President’s Daily Brief, Oval Office, Closed Press, 10:00 a.m. EST

Press Briefing by Press Secretary Jen Psaki, 1:00 p.m. EST 

Fed Speakers:

Federal Reserve Chicago President Charles Evans speaks at 8:00 a.m. EDT.

Federal Reserve New York President John Williams speaks at 9:00 a.m. EDT.

Federal Reserve Governor Lael Brainard speaks at 12:15 p.m. EDT.

Economic:

August Durable Orders are due out at 8:30 a.m. EDT and expected to come in at 0.6$ against prior of -0.1%.

The latest NYSE and NASDAQ Short Interest through September 13th on a trade date basis from August 29th was released Friday after the close and came in with a rise of 0.74% on the NYSE and a drop of -0.07% on the NASDAQ. 21 sectors saw an increase from the last reporting period.

2 & 5 Year Treasury Auctions today at 1:00 p.m. EDT.

M&A Activity:

Meeting & Conferences of Note:

Sellside Conferences: Cantor Fitzgerald Global Healthcare Conference (9/27-30) Citi Industrial Day (9/27)

Company Meetings:  ARNA (R&D Day) NNOX (Corporate Event)

Conferences of Note:

Upgrades & Downgrades: Today recs see 8 notable upgrades and 6 downgrades. 

Friday Recommendations of Note:

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